PANW is still trending upward after a 7% rebound from this week's lows, yet the speaker prefers to stay away for now, having missed the earlier move; he would revisit it only if price fills the gap and bounces back.

So, this is PANW, a technology software monster. However, the stock rose 7% today, making a good rebound from its lowest levels this week. Now, what will we take into account in this regard?

We skipped a certain setup because implied volatility (IV) was too expensive. Therefore, we pay a lot for any move. That's right. We were going to buy a put option because we are close to all-time highs, but the price is now falling back to this level, yes.

It is now trying to bounce back and recover the trend line at which it broke. Look, the price moved sharply to this level, bounced off it , then broke through it, and now the price is trying to recover it.

Go back . Well, in the live day trading room "Apex", I warned about this: if you are going to try to sell short, look for a pullback at this level , and you can make a potential profit from the reversal.

Now, with this, we also had a shortage of Delta. So, regarding our delta limit, Tappy, can you tell them for the swing trades settings, yes. What type of delta limit are we looking for?

We are looking for...is this a sell option or a buy option? Which one? Well, the sell option will either go from negative 0.4 to 0.6. This is beautiful. She moved to the next level because the value of "delta" ranges from zero to one in the call option, but for the put option, she was correct in her assessment.

Yes, it ranges from zero to negative one. Great work, thank you.

Based on PANW's stock, we are still moving upwards . We missed the opportunity with him once, and I will continue to ignore him again. I want to see if the price will come in and close this gap here, and if it bounces back , we can revisit it .

But for now, I prefer to stay away from PANW stock.