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A way to play the emerging AI enthusiasm in cybersecurity stocks using options

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Palo Alto Networks Inc News

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Nishant Pant breaks down a trade on Palo Alto Networks.

As the AI bubble turns into a mania and AI shifts to the cloud, many companies can benefit indirectly from this boom. One such sector is cybersecurity, and we are already seeing signs of this all around us. CrowdStrike just hit new all-time highs this week ahead of its inclusion in the S & P 500. Since that stock has already hit new highs, I am looking to participate in this sympathy move by using another cybersecurity darling, Palo Alto Networks , as a proxy trade.

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