Palo Alto Stock: Why This Long Strangle Trade Might Be Best

Palo Alto Networks (PANW) stock currently trades with a low implied volatility rank, which translates to cheap options compared with the last 12 months. That means it’s a good time to look at a breakout trade, such as a long strangle.  A long strangle is constructed through buying an out-of-the-money call and an out-of-the-money put. The trade aims to make a…