Palo Alto Networks Inc

PANWNASDAQ · USD
380.07USD+5.33 (+1.43%)
2910

Palo Alto Networks Inc (PANW) Wheel Strategy

PANW wheel strategy scan found 523 cash-secured put setups on the previous trading day. Probability of expiring worthless is above 50%. Annualized returns reach up to 124.9%.

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Running a PANW wheel strategy lets you generate consistent premium income on Palo Alto Networks Inc while setting your own entry and exit prices on the underlying. Palo Alto Networks Inc's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own PANW, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best PANW wheel strategy setups in real time.

The wheel works best on liquid, high-quality names with stable fundamentals and active options markets — exactly the profile many large-cap leaders fit. The mechanics are simple: sell a cash-secured put on PANW, collect premium, and either keep the premium if it expires worthless or take assignment at a discount to current price. Once assigned, sell covered calls against the shares to keep collecting premium until they're called away. Choosing the right strikes, expirations, and IV environment is what separates a profitable PANW wheel from a losing one.

Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; Panorama, a security management solution for the control of firewall appliances and software deployed on an end-customer's network and instances in public or private cloud environments, as a virtual or a physical appliance; and virtual system upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, uniform resource locator filtering, laptop and mobile device protection, and firewall; and DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.

In addition, the company offers cloud security, secure access, security analytics and automation, and threat intelligence and cyber security consulting; professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services, such as certifications, as well as online and in-classroom training; and support services. Palo Alto Networks, Inc. sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara, California.

The difference between a wheel that compounds and one that bleeds comes down to strike selection, IV timing, and discipline on assignment. Our scanner handles the heavy lifting: it ranks every leg of the PANW wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your PANW wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.

Oct 2, 2026372.50$8.25$8.93-0.45761%52.5%124.9%38
Oct 2, 2026370.00$7.40$7.70-0.41761%56.4%108.5%221
Oct 2, 2026367.50$5.90$6.60-0.37761%60.2%93.6%74
Oct 2, 2026365.00$5.25$5.88-0.33761%64.0%83.9%161
Oct 9, 2026372.50$9.15$11.48-0.451461%51.1%80.3%7
Oct 9, 2026370.00$8.70$10.90-0.421461%53.8%76.8%50
Oct 16, 2026372.50$13.45$15.95-0.452161%50.3%74.4%13
Oct 9, 2026365.00$8.60$9.85-0.371461%59.2%70.4%16
Oct 2, 2026362.50$4.05$4.85-0.29761%67.6%69.8%54
Oct 9, 2026367.50$8.15$9.83-0.391461%56.5%69.7%35

As of September 25, 2026

Run the Wheel on PANW With Confidence

Find the best PANW wheel strategy setups across strikes and expirations, plan ahead with at-strike values, and keep your covered calls and puts on track.

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