Tour v346
ALGN
ALIGN TECHNOLOGY INC
$176.76 -0.92%
7/17 18:09

Option Volume

Detail
Current (07/17) 1,787
Calls: 1,077 (60%)
Puts: 710 (40%)
Prior (07/16) 520
Calls: 150 (29%)
Puts: 370 (71%)
Current vs Prior +243.65%
Calls: +618.00% (Calls)
Puts: +91.89% (Puts)
Prior 7-Day Total 5,326
Calls: 2,858 (54%)
Puts: 2,468 (46%)
Prior 7-Day Average 760
Calls: 408 (54%)
Puts: 352 (46%)
Current vs Prior 7-Day Avg +134.87%
Calls: +163.79%
Puts: +101.38%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/17) $460.5K
Calls: $179.1K (39%)
Puts: $281.4K (61%)
Prior (07/16) $346.7K
Calls: $71.5K (21%)
Puts: $275.1K (79%)
Current vs Prior +32.84%
Calls: +150.29%
Puts: +2.29%
Prior 7-Day Total $4.53M
Calls: $3.08M (68%)
Puts: $1.46M (32%)
Prior 7-Day Average $647.4K
Calls: $439.4K (68%)
Puts: $208.0K (32%)
Current vs Prior 7-Day Avg -28.87%
Calls: -59.25%
Puts: +35.29%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/17) 0.66
Prior (07/16) 2.47
Current vs Prior -73.27%
Prior 7-Day Average 0.98
Current vs Prior 7-Day Avg -32.79%
Sentiment BULLISH

Open Interest

Detail
Current (07/17) 28,889
Calls: 14,753 (51%)
Puts: 14,136 (49%)
Prior (07/16) 28,878
Calls: 14,737 (51%)
Puts: 14,141 (49%)
Current vs Prior +0.04%
Prior 7-Day Total 151,275
Calls: 75,672 (50%)
Puts: 75,603 (50%)
Prior 7-Day Average 21,610
Calls: 10,810 (50%)
Puts: 10,800 (50%)
Current vs Prior 7-Day Avg +33.68%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 2.34% | 5.29%2.34% | 15.33%
Prior 3.30% | 5.63%3.30% | 15.16%
Current vs Prior +60.50% | +107.39%-29.11% | +1.12%
Prior 7-Day Avg 4.18% | 6.12%4.85% | 15.83%
Current vs 7-Day Avg +26.52% | +91.02%-51.87% | -3.17%
Prior 7-Day Eod 3.30% | 5.63%3.30% | 15.16%
Current vs 7-Day Eod +60.50% | +107.39%-29.11% | +1.12%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 61.23% | 66.57%
Calls: 38.20% | 73.68%
Puts: 84.26% | 59.46%
Prior 61.23% | 66.57%
Calls: 38.20% | 73.68%
Puts: 84.26% | 59.46%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 61.23% | 66.57%
Calls: 38.20% | 73.68%
Puts: 84.26% | 59.46%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Moderately bearish flow with 61% put dollar volume ($281.4K). Unusually high activity with volume up 244% vs prior - elevated interest. Volume explosion - 135% above 7-day average (1,787 vs avg 760). Bullish P/C ratio of 0.66.

Smart Money BEARISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 3 of results (avg 8.7%, best 8.3%)

CALLS (0)
No calls meet the criteria
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Aug 2116.2017.60$16.908.3%--0.5744
$175.00Aug 2811.2012.20$11.708.5%20.444
$180.00Aug 2113.2014.50$13.859.4%140.5139

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 27 found (avg delta 0.71, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$155.00Jul 1718.2024.70$21.4530.3%--0.9716
$165.00Jul 178.9014.60$11.7548.5%--0.8728
$149.00Jul 1724.2030.70$27.4523.7%--0.8736
$150.00Jul 1724.2029.50$26.8519.7%--0.8679
$167.50Jul 247.6013.30$10.4554.5%10.82--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Jul 170.058.40$4.23197.4%11.00126
$185.00Jul 174.3012.40$8.3597.0%11.0016
$187.50Jul 2410.1014.30$12.2034.4%20.831
$190.00Jul 2412.1016.60$14.3531.4%20.837
$177.50Jul 170.053.70$1.88194.1%50.7012

Most actively traded options today. High liquidity = easy entry/exit. 47 active (total vol 1.1K, top 500)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Aug 212.302.85$2.5821.3%750.1717
$190.00Jul 170.000.05$0.03166.7%710.01166
$190.00Jul 240.052.25$1.15191.3%650.1738
$200.00Aug 213.804.70$4.2521.2%590.2668
$195.00Aug 214.705.90$5.3022.6%540.3060
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Jul 313.204.30$3.7529.3%5000.23309
$172.50Jul 170.003.60$1.80200.0%310.2935
$172.50Jul 241.802.65$2.2338.1%300.321
$180.00Aug 2113.2014.50$13.859.4%140.5139
$180.00Aug 1411.9013.60$12.7513.3%100.5114

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 23 strikes (avg 1341.0%, max 3875.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$200.00Jul 17Aug 211718.0%54.7%3040.4%59532
$210.00Jul 17Aug 211536.0%54.7%2707.9%75364
$192.50Jul 17Jul 241217.7%82.6%1374.4%--72
$170.00Jul 17Aug 21793.8%54.7%1350.9%9124
$195.00Jul 17Aug 21752.2%54.2%1286.6%57139
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$145.00Jul 17Aug 212582.8%65.0%3875.2%--160
$160.00Jul 17Jul 311665.1%76.0%2090.5%500399
$150.00Jul 17Jul 242276.2%122.8%1753.4%--156
$172.50Jul 17Jul 24728.2%42.1%1628.1%6136
$155.00Jul 17Aug 21999.8%58.6%1604.9%--131

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 47 found (best R:R 15.67, avg 2.66)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$185.00$190.00Jul 24$0.30$4.70$0.3015.67$185.30
$177.50$180.00Jul 17$0.30$2.20$0.307.33$177.80
$190.00$205.00Jul 31$2.05$12.95$2.056.32$192.05
$190.00$210.00Aug 7$3.20$16.80$3.205.25$193.20
$200.00$210.00Jul 17$1.65$8.35$1.655.06$201.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$167.50$165.00Jul 24$0.20$2.30$0.2011.50$167.30
$155.00$145.00Aug 21$1.37$8.63$1.376.30$153.63
$172.50$170.00Jul 17$0.40$2.10$0.405.25$172.10
$172.50$167.50Jul 24$1.13$3.87$1.133.42$171.37
$165.00$155.00Aug 21$2.55$7.45$2.552.92$162.45

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 54 found (best R:R 18.23, avg 1.93)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$187.50$190.00Jul 17$2.37$2.37$0.1318.23$189.87
$155.00$160.00Jul 17$4.65$4.65$0.3513.29$159.65
$170.00$175.00Jul 17$4.43$4.43$0.577.77$174.43
$182.50$185.00Jul 17$1.90$1.90$0.603.17$184.40
$192.50$195.00Jul 17$1.57$1.57$0.931.69$194.07
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$180.00$177.50Jul 17$2.35$2.35$0.1515.67$177.65
$190.00$187.50Jul 24$2.15$2.15$0.356.14$187.85
$187.50$180.00Jul 24$6.40$6.40$1.105.82$181.10
$185.00$180.00Aug 21$3.05$3.05$1.951.56$181.95
$180.00$177.50Jul 24$1.50$1.50$1.001.50$178.50

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 19 found (avg debit $2.09, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$195.00Jul 17Jul 24$0.05752.2%44.7%
$185.00Jul 17Jul 24$0.95500.2%43.9%
$192.50Jul 17Jul 24$0.981217.7%82.6%
$190.00Jul 17Jul 24$1.12399.5%52.9%
$170.00Jul 17Jul 24$1.32793.8%44.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$145.00Jul 17Aug 21$0.382582.8%65.0%
$172.50Jul 17Jul 24$0.43728.2%42.1%
$160.00Jul 17Jul 24$0.531665.1%96.8%
$155.00Jul 17Jul 24$0.57999.8%73.4%
$180.00Jul 17Jul 24$1.57251.5%41.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 21 found (cheapest 1.52% of stock, avg 8.37%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$177.50Jul 17$0.80$1.88$2.68$174.82$180.181.52%
$175.00Jul 17$2.25$1.08$3.33$171.67$178.331.88%
$180.00Jul 17$0.50$4.23$4.73$175.27$184.732.68%
$170.00Jul 17$6.68$1.40$8.08$161.92$178.084.57%
$182.50Jul 17$2.40$5.70$8.10$174.40$190.604.58%
$177.50Jul 24$3.80$4.30$8.10$169.40$185.604.58%
$175.00Jul 24$5.05$3.20$8.25$166.75$183.254.67%
$180.00Jul 24$2.70$5.80$8.50$171.50$188.504.81%
$185.00Jul 17$0.50$8.35$8.85$176.15$193.855.01%
$167.50Jul 24$10.45$1.10$11.55$155.95$179.056.53%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 101 found (cheapest 0.89% of stock, avg 4.63%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$180.00$175.00Jul 17$0.50$1.08$1.58$173.42$181.58
$180.00$170.00Jul 17$0.50$1.40$1.90$168.10$181.90
$180.00$172.50Jul 17$0.50$1.80$2.30$170.20$182.30
$185.00$167.50Jul 24$1.45$1.10$2.55$164.95$187.55
$180.00$167.50Jul 17$0.50$2.20$2.70$164.80$182.70
$192.50$175.00Jul 17$1.80$1.08$2.88$172.12$195.38
$180.00$160.00Jul 17$0.50$2.40$2.90$157.10$182.90
$182.50$167.50Jul 24$1.98$1.10$3.08$164.42$185.58
$192.50$170.00Jul 17$1.80$1.40$3.20$166.80$195.70
$205.00$155.00Jul 31$1.65$1.73$3.38$151.62$208.38

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 82 found (best R:R 19.00, avg credit $3.48)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
175/180185/190Aug 21$4.75$0.2519.00$175.25$189.75
155/160192/195Jul 24$4.68$0.3214.62$155.32$197.18
155/160168/170Jul 24$4.63$0.3712.51$155.37$172.13
170/172182/185Jul 17$2.30$0.2011.50$170.20$184.80
155/160188/190Jul 17$4.59$0.4111.20$155.41$192.09
168/175182/190Jul 31$6.85$0.6510.54$168.15$189.35
165/170175/180Aug 21$4.55$0.4510.11$165.45$179.55
170/175180/185Aug 21$4.45$0.558.09$170.55$184.45
170/175185/190Aug 21$4.40$0.607.33$170.60$189.40
180/185190/195Aug 21$4.40$0.607.33$180.60$194.40

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 28 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$180.00$185.00$190.00Aug 21$0.05$4.9599.00
$170.00$175.00$180.00Aug 21$0.20$4.8024.00
$195.00$197.50$200.00Jul 17$0.13$2.3718.23
$175.00$177.50$180.00Jul 24$0.15$2.3515.67
$190.00$195.00$200.00Aug 21$0.30$4.7015.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$172.50$175.00$177.50Jul 24$0.13$2.3718.23
$175.00$180.00$185.00Aug 21$0.30$4.7015.67
$170.00$175.00$180.00Aug 21$0.35$4.6513.29
$165.00$170.00$175.00Aug 21$0.40$4.6011.50
$145.00$155.00$165.00Aug 21$1.18$8.827.47

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 49 found (best net $-0.91, 32 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$200.00$210.001:2Aug 21-$0.91$9.09
$182.50$190.001:2Jul 31-$0.15$7.35
$180.00$190.001:2Aug 7-$2.90$7.10
$185.00$190.001:2Jul 24-$0.85$4.15
$165.00$170.001:2Jul 17-$1.61$3.39
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$155.00$145.001:2Aug 21-$1.41$8.59
$165.00$155.001:2Aug 21-$1.60$8.40
$167.50$160.001:2Jul 31-$1.80$5.70
$175.00$167.501:2Jul 31-$2.40$5.10
$150.00$145.001:2Jul 17-$2.40$2.60

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 19 found (best yield 5.54%, avg 2.23%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$180.00Aug 21$9.800.491.8%5.54%7.38%--19
$180.00Aug 7$8.300.481.8%4.70%6.53%--12
$185.00Aug 21$8.000.434.7%4.53%9.19%--22
$180.00Jul 31$7.400.471.8%4.19%6.02%19
$182.50Jul 31$6.300.433.2%3.56%6.81%1--
$190.00Aug 21$6.000.367.5%3.39%10.88%151
$190.00Aug 7$4.800.357.5%2.72%10.21%--16
$195.00Aug 21$4.700.3010.3%2.66%12.98%5460
$200.00Aug 21$3.800.2613.2%2.15%15.30%5968
$177.50Jul 24$3.300.490.4%1.87%2.29%721

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 1,077
Total Puts 710
Put/Call Ratio 0.66
Net Difference 367

Prior's Put/Call Breakdown

Total Calls 150
Total Puts 370
Put/Call Ratio 2.47
Net Difference -220

Prior 7-Day Put/Call Summary

Total Calls 2,858
Total Puts 2,468
Average Put/Call Ratio 0.98
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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