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Palo Alto Networks call volume above normal and directionally bullish

Bullish option flow detected in Palo Alto Networks with 57,129 calls trading, 9x expected, and implied vol increasing over 1 point to 36.84%. 2/23 weekly 280 calls and 2/23 weekly 285 calls are the most active options, with total volume in those strikes near 12,200 contracts. The Put/Call Ratio is 0.32. Earnings are expected on May 23rd.

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