Aug. 5 at 3:00 PM
$PANW RSI on daily and 4HR oversold. Matter of time before this bounces. It's a low volume name so I'd just sit tight and wait. With further market pressure however, it wouldn't be outrageous to expect 160-165. An accumulation zone if there ever was one. 6 days of negative back to back action. I believe smart money is on the sidelines waiting for ER to hear about how they integrate
$CYBR and what that means for their top line. Can definitely see bleeding till then. Like I said before, own shares not options. People who buy calls are simply out for a poor gamble. Sell options, never buy them unless they're a hedge play against a much larger delta position.
