PANW gamma max, delta neutral & open interest levels
As of close · rank #185 by open interest · 1,379 sessions of history since Dec 1, 2020
PANW closed 17.1% below its gamma max of 387.09. It is 25.3% above the delta neutral price of 247.09. Total open interest is 599,912, -4.2% versus the previous session. What gamma max means · What delta neutral means
One-year history
Last 252 sessions
| Sessions closed above gamma max | 5% |
| Gamma max crosses | 6 |
| Delta neutral crosses | 16 |
| Open interest percentile (1y) | 84th |
| Open interest change, 5 sessions | -11.8% |
| Open interest change, 21 sessions | -0.6% |
| History available | Dec 1, 2020 → Sep 11, 2026 |
Recent crosses
- closed below gamma max at 357.83 vs 373.03 (-4.3%)
- closed above gamma max at 332.00 vs 320.30 (+3.5%)
- closed below gamma max at 297.13 vs 299.96 (-1.0%)
- closed above gamma max at 281.69 vs 273.24 (+3.0%)
- closed below gamma max at 247.55 vs 251.12 (-1.4%)
- closed above gamma max at 207.88 vs 201.04 (+3.3%)
- closed above delta neutral at 164.11 vs 161.47 (+1.6%)
- closed below delta neutral at 155.73 vs 161.96 (-4.0%)
- closed above delta neutral at 169.87 vs 163.32 (+3.9%)
- closed below delta neutral at 162.95 vs 164.16 (-0.7%)
In today's screens
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Neighbours by open interest
Questions people ask about PANW
Where is PANW's gamma max today?
As of Sep 11, 2026, the gamma max for PANW is 387.09, +17.1% from the 330.65 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.
Is PANW above or below its delta neutral price?
PANW closed above delta neutral: 330.65 against a delta neutral price of 247.09. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does PANW have?
599,912 contracts of open interest across 2,319 listed contracts on Sep 11, 2026, -4.2% versus the previous session. What open interest measures.
Levels are recomputed after every trading day from end-of-day options data licensed from HistoricalOptionData.com; only derived aggregates are published. Methodology · Data and licence · Not investment advice.