Palo Alto Networks (PANW) reported strong Q3 free cash flow and rising FCF margin on Nov. 19, 2025. Despite being off its highs, PANW is a strong buy for value investors at $189.76. Analysts see a potential worth of $212.16 per share, +11.8% from current price.

Shorting OTM PANW puts has been profitable. Shorting the $180 put option for $4.60 yielded 2.56% in a month. The option has now fallen to $0.07, showing success. Shorting the $185 put provides $3.55 with a one-month yield of 1.9189%. A 50/50 mix of these options gives a 1.593% yield.

By shorting OTM puts, investors can set a lower buy-in price for PANW. The breakeven point with a 50/50 mix of puts is $179.59, providing a potential upside of 18.1%. This strategy is a profitable way to play PANW stock, which appears undervalued.

Read more at Barchart: Palo Alto Networks Stock Is Down But Not Out