Rank #5 in Official Top 20Official AM Publication15-Min Delayed Feed
PANW $375.00 Cash-Secured Put
Palo Alto Networks, Inc. (Technology) • Expiring 2026-10-30 (17 calendar days) • OCC: PANW261030P00375000
Annualized Yield
37.6%
$6.57 bid ($657 premium upfront)
Downside Cushion
7.8%
$368.43 breakeven vs $406.69 spot
Cash Collateral
$37,500
100 shares reserved at $375.00 strike
Assignment Risk & Payoff Reality
If PANW closes below $375.00 on Oct 30, 2026, you'll buy 100 shares at $375.00, effectively $368.43 after the income. Losses grow the further it falls.
Downside cushion measures the distance from spot price to strike. It does not provide capital protection or guarantee against losses from extreme market volatility.