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Barchart
Mark R. Hake, CFA

Palo Alto Networks Stock Looks Cheap Ahead of Earnings - Shorting PANW Puts Works

Palo Alto Networks Inc (PANW) stock has moved up from its recent low prices, but still looks undervalued. It could be worth $198 per share. One way to play PANW stock and to set a lower potential buy-in price is to sell short out-of-the-money (OTM) put options.

PANW closed at $169.56 on Monday, but it's up from a recent low of $147.02 on March 27. It could be worth significantly more.

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