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Palo Alto Networks (PANW) generated over $3 billion in free cash flow (FCF)over the trailing 12 months (TTM) ending April 30, over 33.8% of TTM sales. That makes PANW stock look attractive here to value buyers.
Moreover, selling short out-of-the-money (OTM) put options is a way to set a lower buy-in target and get paid while waiting. PANW is at $186.08 in midday trading on Friday, May 23.