Unusual Options Activity in Palo Alto Networks Provides Opportunity for Value Investors

Palo Alto Networks (PANW) stock is down 27% today to $268.23 down from $366.09 yesterday, after releasing its fiscal Q2 earnings for the quarter ending January 31. This downdraft has led to unusual options activity, mostly in near-term expiry put options. As a result, it is a good opportunity for short sellers of out-of-the-money puts as an income play.

This action in PANW stock options can be seen in today's Barchart Unusual Stock Options Activity Report. The report shows that there are three tranches of options with large unusual activity.