Palo Alto Networks call volume above normal and directionally bullish

Bullish option flow detected in Palo Alto Networks (PANW) with 12,152 calls trading, 1.7x expected, and implied vol increasing over 1 point to 30.62%. Jun-25 190 calls and Jan-25 180 calls are the most active options, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 0.26. Earnings are expected on February 20th.