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Barchart
Mark R. Hake, CFA

Palo Alto Networks Stock Is a Major Bargain, Especially for Short Sellers of Its Puts

Palo Alto Networks Palo Alto Network PANW

Palo Alto Networks (PANW) made huge free cash flow margins during Q2, a feat that is likely to repeat in Q3. PANW stock, at $242.72 on Sept. 1, is still a bargain worth at least 27% more at $336.41 per share. As a result, short sellers of its put options are having a field day.

They are able to sell out-of-the-money (OTM) puts on PANW stock in near-term expiration periods. That provides extra income as they wait for PANW stock to rise.

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