Buying PANW call contracts.

Palo Alto Networks (PANW) is a top-tier cybersecurity company that caters to large corporations and government agencies.

Cybersecurity continues to be a high priority for companies as they manage hybrid work for employees. And government agencies are spending more to defend against possible Russian cyber attacks.

PANW is particularly attractive because the company offers most of its services on a subscription basis. This ensures long-term reliable revenue streams which typically lead to higher valuations on Wall Street.

Shares have held near all-time highs despite the pullback for other tech stocks. And after a few weeks of treading water near these levels, PANW looks poised to push higher yet again.