PANW · expected move by expiry
Palo Alto Networks is priced to move 11.7% by 2026-Sep-04.
Options price a ±11.70% move (about $43.48) by 2026-Sep-04 (Fri), a range of 319.42 to 406.37 from the last price of 371.59. Max pain for that expiry is 365.00.
PANW
Palo Alto Networks, Inc.
Last
371.59 -11.26 (-2.9%)
Next expiry move
±11.70% 6 days
Vol regime
Low
Put / call
0.88
Weekend
Fetched 2026-08-30, 02:55:31 AM ET
Fetched 2026-08-30, 02:55:31 AM ET
expected range last price 371.59 max painAxis 239 to 438, shared by every row
Expiry
Expected range (1 SD)
Expected move
Max pain
Odds inside
2026-Sep-04Fri, 6 days
319.42
406.37
Expected move±11.70%±$43.48
Max pain365.001.8% below last price
Odds of closing inside70%put/call 0.88
2026-Sep-11Fri, 13 days
311.72
411.50
Expected move±13.43%±$49.89
Max pain365.001.8% below last price
Odds of closing inside69%put/call 2.07
2026-Sep-18Fri, 20 days
303.64
416.89
Expected move±15.24%±$56.63
Max pain250.0032.7% below last price
Odds of closing inside69%put/call 1.27
2026-Sep-25Fri, 27 days
295.94
422.02
Expected move±16.97%±$63.04
Max pain340.008.5% below last price
Odds of closing inside69%put/call 6.21
2026-Oct-02Fri, 34 days
291.93
427.20
Expected move±18.20%±$67.63
Max pain315.0015.2% below last price
Odds of closing inside69%put/call 1.07
Options flow, nearest expiry
Caution
Bearish - options flow points to downside Score -0.51 on a -1 to +1 scale.
Key levels from open interest
370.00 / 390.00
Heaviest put open interest sits at 370.00 and heaviest call open interest at 390.00. Price tends to gravitate toward large open interest into expiry.
Setup
Reversal Setup
Read from implied volatility, momentum and breakout signals across the chain. Descriptive, not a forecast.
Reading the PANW expected move table
Each row is one expiry. The shaded band is the one-standard-deviation range the option chain implies for PANW on that date: the market gives roughly a two-in-three chance that PANW closes inside it and a one-in-three chance it closes outside. The black tick is the last traded price, 371.59. The diamond is max pain, the strike where option holders would collect the least if the stock settled there.
The range widens with time because uncertainty compounds with the square root of time: the 2026-Oct-02 range (±18.20%) is wider than the 2026-Sep-04 range (±11.70%) even though the daily volatility behind both is the same. Read the methodology for the formulas, or the guide to what the expected move means in practice.
Figures are derived from delayed public option data and recalculated through the trading day. Nothing on this page is investment advice. Machine-readable version: /api/expected-move/PANW.
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