Unusual Options Activity in Palo Alto Networks, Inc. (PANW)

Today, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Palo Alto Networks, Inc. (PANW), which opened at $487.91.

There were a total of 100 contracts traded on the $500 strike call option at the ask, dated for September 17th, 2021, representing approximately 10,000 shares.

These orders come after statements made Monday from Palo Alto Networks, Inc. that in its FY22 outlook it raised expectations for adjusted free cash flow margin to be in the range of between 32% to 33%, up from earlier guidance of 30%.  The company confirmed its guidance for Q1 of FY22 in which it expects non-GAAP EPS of $1.55 to $1.58 and revenue of $1.19 billion to $1.21 billion.

Unusual Options Activity in Par Pacific Holdings, Inc. (PARR)

Among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity today in Par Pacific Holdings, Inc. (PARR), which opened at $15.80.  

There were newly created contracts on the $17.5, $20, $25, and $30 strike call options, all which had 0 open interest into today, but now all are over approximately 32,200 in total volume.  

The dates of the contracts were for March 18th, 2022 and December 16th, 2022.  Some of the traded contracts were traded across different accounts and then reported on the exchanges.

Earlier, on August 30th, call volume had reached a high 5,081.  PARR’s 30 day average call volume is 1,500, so this jump represents a 891% rise over the mean.

Unusual Options Activity in Wynn Resorts, Limited (WYNN)

Finally, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Wynn Resorts, Limited (WYNN), which opened at $95.39.

There were a total of 2,500 contracts traded on the $130 strike call option at the bid, dated for December 17th, 2021, representing approximately 250,000 shares.

Additionally, there were a total of 2,500 contracts traded on the $130 strike call option also at the bid, for the same date, representing another 250,000 shares.

Finally, there was a final set of 2,500 contracts traded on the $110 strike call option, but this time at the ask, again for the same date, representing yet another 250,000 shares.  

These orders come after Gamal Abdelaziz, the former president of Wynn Resorts Ltd's WYNN, goes on trial in the "Operation Varsity Blues" college admissions scandal.

Open interest, in yellow, has continued upward to 490,063 contracts being traded as of yesterday’s close. Wynn Resorts, Limited’s average 30 day call volume is 27,100, so within the first hour of open it now has 208% more volume than the mean.

For further information on the unusual options activity of PANW, PARR, and WYNN visit unusualwhales.com.

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