Tour v292
ALGN
ALIGN TECHNOLOGY INC
$188.39 +2.10%
$188.35 (-0.02%)🌙
as of 07/06 06:07 PM
7/6 18:07

Option Volume

Detail
Current (07/06) 898
Calls: 397 (44%)
Puts: 501 (56%)
Prior (07/02) 2,096
Calls: 670 (32%)
Puts: 1,426 (68%)
Current vs Prior -57.16%
Calls: -40.75% (Calls)
Puts: -64.87% (Puts)
Prior 7-Day Total 12,246
Calls: 5,791 (47%)
Puts: 6,455 (53%)
Prior 7-Day Average 2,041
Calls: 827 (47%)
Puts: 922 (53%)
Current vs Prior 7-Day Avg -56.00%
Calls: -52.01%
Puts: -45.67%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/06) $508.9K
Calls: $398.2K (78%)
Puts: $110.7K (22%)
Prior (07/02) $1.24M
Calls: $786.8K (64%)
Puts: $449.9K (36%)
Current vs Prior -58.85%
Calls: -49.39%
Puts: -75.39%
Prior 7-Day Total $8.87M
Calls: $5.96M (67%)
Puts: $2.91M (33%)
Prior 7-Day Average $1.48M
Calls: $851.8K (67%)
Puts: $415.1K (33%)
Current vs Prior 7-Day Avg -65.57%
Calls: -53.25%
Puts: -73.34%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/06) 1.26
Prior (07/02) 2.13
Current vs Prior -40.71%
Prior 7-Day Average 2.23
Current vs Prior 7-Day Avg -43.32%
Sentiment BEARISH

Open Interest

Detail
Current (07/06) 28,925
Calls: 13,807 (48%)
Puts: 15,118 (52%)
Prior (07/02) 29,782
Calls: 14,202 (48%)
Puts: 15,580 (52%)
Current vs Prior -2.88%
Prior 7-Day Total 134,763
Calls: 59,394 (44%)
Puts: 75,369 (56%)
Prior 7-Day Average 22,460
Calls: 9,899 (44%)
Puts: 12,561 (56%)
Current vs Prior 7-Day Avg +28.78%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 4.49% | 6.53%6.53% | 16.19%
Prior 4.89% | 7.10%7.10% | 16.53%
Current vs Prior -8.35% | -8.04%-8.04% | -2.05%
Prior 7-Day Avg 4.12% | 6.45%7.89% | 17.09%
Current vs 7-Day Avg +8.95% | +1.26%-17.28% | -5.26%
Prior 7-Day Eod 4.89% | 7.10%-- | --
Current vs 7-Day Eod -8.35% | -8.04%-- | --
Sentiment BULLISHBULLISH

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 73.05% | 63.17%
Calls: 65.47% | 68.79%
Puts: 80.64% | 57.54%
Current vs 7-Day Avg -16.19% | +5.39%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 78% of dollar volume in calls ($398.2K) vs puts ($110.7K). Light premium activity with dollar volume down 59% vs prior. Below-average activity with volume down 57% vs prior. Bearish P/C ratio of 1.26 indicates protective positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
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 -- of results (avg --%, best --%)

No options available for this category

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. 24 found (avg delta 0.73, highest 0.92)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$172.50Jul 1012.1019.20$15.6545.4%10.923
$167.50Jul 1017.0022.50$19.7527.8%10.891
$170.00Jul 1715.3020.40$17.8528.6%--0.88100
$155.00Jul 1729.7037.30$33.5022.7%--0.8616
$160.00Jul 1724.8031.40$28.1023.5%180.8564
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Jul 1710.2017.40$13.8052.2%--0.7818
$195.00Jul 178.709.80$9.2511.9%--0.6714
$192.50Jul 177.008.30$7.6517.0%20.60--
$190.00Jul 175.806.70$6.2514.4%--0.5328

Most actively traded options today. High liquidity = easy entry/exit. 44 active (total vol 767, top 101)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Jul 100.752.00$1.3890.6%740.2518
$200.00Jul 100.002.75$1.38199.3%710.207
$202.50Jul 240.004.80$2.40200.0%540.24--
$195.00Jul 172.453.50$2.9835.2%190.3357
$190.00Jul 102.353.20$2.7830.6%180.4351
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Jul 310.653.40$2.03135.5%1010.13203
$167.50Jul 170.253.00$1.63168.7%950.14296
$170.00Jul 170.451.50$0.98107.1%580.1298
$175.00Jul 100.150.95$0.55145.5%480.10432
$165.00Jul 240.004.80$2.40200.0%390.169

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 11 strikes (avg 52.0%, max 165.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$170.00Jul 10Jul 17116.8%51.3%127.7%1128
$200.00Jul 10Aug 1465.9%55.3%19.2%727
$195.00Jul 10Jul 2448.3%42.1%14.7%7435
$185.00Jul 10Jul 2444.1%40.9%7.6%799
$180.00Jul 10Jul 1746.3%44.4%4.3%9154
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$160.00Jul 10Jul 31158.3%59.7%165.2%104215
$170.00Jul 10Jul 17116.8%51.3%127.7%60216
$167.50Jul 10Jul 1792.1%66.3%38.8%95605
$155.00Jul 17Jul 31107.4%80.0%34.3%8132
$175.00Jul 10Jul 1756.9%47.1%20.9%48570

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 38 found (best R:R 15.67, avg 3.11)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$200.00$210.00Jul 17$1.10$8.90$1.108.09$201.10
$182.50$185.00Jul 10$0.50$2.00$0.504.00$183.00
$205.00$210.00Jul 31$1.00$4.00$1.004.00$206.00
$192.50$195.00Jul 10$0.57$1.93$0.573.39$193.07
$195.00$200.00Jul 17$1.23$3.77$1.233.07$196.23
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$175.00$172.50Jul 10$0.15$2.35$0.1515.67$174.85
$177.50$175.00Jul 10$0.18$2.32$0.1812.89$177.32
$175.00$170.00Jul 17$0.50$4.50$0.509.00$174.50
$165.00$160.00Jul 17$0.53$4.47$0.538.43$164.47
$182.50$180.00Jul 10$0.32$2.18$0.326.81$182.18

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 43 found (best R:R 19.00, avg 1.62)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$160.00$165.00Jul 17$4.75$4.75$0.2519.00$164.75
$172.50$180.00Jul 10$6.25$6.25$1.255.00$178.75
$177.50$180.00Jul 17$2.00$2.00$0.504.00$179.50
$175.00$177.50Jul 17$1.95$1.95$0.553.55$176.95
$175.00$185.00Jul 24$6.65$6.65$3.351.99$181.65
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$200.00$195.00Jul 17$4.55$4.55$0.4510.11$195.45
$195.00$192.50Jul 17$1.60$1.60$0.901.78$193.40
$170.00$167.50Jul 10$1.50$1.50$1.001.50$168.50
$192.50$190.00Jul 17$1.40$1.40$1.101.27$191.10
$190.00$185.00Jul 17$2.35$2.35$2.650.89$187.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $1.72, cheapest $0.37)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$200.00Jul 10Jul 17$0.3765.9%43.4%
$170.00Jul 10Jul 17$0.85116.8%51.3%
$175.00Jul 17Jul 24$0.8547.1%52.1%
$180.00Jul 10Jul 17$1.3046.3%44.4%
$195.00Jul 10Jul 17$1.6048.3%43.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$167.50Jul 10Jul 17$0.7392.1%66.3%
$175.00Jul 10Jul 17$0.9356.9%47.1%
$180.00Jul 10Jul 17$1.5946.3%44.4%
$185.00Jul 10Jul 17$1.9044.1%42.0%
$165.00Jul 10Jul 17$2.7371.9%89.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 17 found (cheapest 3.72% of stock, avg 8.70%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$182.50Jul 10$5.85$1.15$7.00$175.50$189.503.72%
$187.50Jul 10$4.00$3.13$7.13$180.37$194.633.78%
$185.00Jul 10$5.35$2.00$7.35$177.65$192.353.90%
$180.00Jul 10$9.40$0.83$10.23$169.77$190.235.43%
$190.00Jul 17$4.80$6.25$11.05$178.95$201.055.87%
$185.00Jul 17$7.45$3.90$11.35$173.65$196.356.02%
$195.00Jul 17$2.98$9.25$12.23$182.77$207.236.49%
$180.00Jul 17$10.70$2.42$13.12$166.88$193.126.96%
$200.00Jul 17$1.75$13.80$15.55$184.45$215.558.25%
$172.50Jul 10$15.65$0.40$16.05$156.45$188.558.52%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 67 found (cheapest 0.81% of stock, avg 2.94%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$197.50$180.00Jul 10$0.70$0.83$1.53$178.47$199.03
$197.50$182.50Jul 10$0.70$1.15$1.85$180.65$199.35
$210.00$175.00Jul 17$0.65$1.48$2.13$172.87$212.13
$195.00$180.00Jul 10$1.38$0.83$2.21$177.79$197.21
$200.00$180.00Jul 10$1.38$0.83$2.21$177.79$202.21
$195.00$182.50Jul 10$1.38$1.15$2.53$179.97$197.53
$200.00$182.50Jul 10$1.38$1.15$2.53$179.97$202.53
$197.50$185.00Jul 10$0.70$2.00$2.70$182.30$200.20
$192.50$180.00Jul 10$1.95$0.83$2.78$177.22$195.28
$210.00$160.00Jul 17$0.65$2.40$3.05$156.95$213.05

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 56 found (best R:R 13.71, avg credit $2.11)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
168/170190/192Jul 10$2.33$0.1713.71$167.67$192.33
165/168172/180Jul 10$6.95$0.5512.64$160.55$179.45
168/170195/198Jul 10$2.18$0.326.81$167.82$197.18
168/170192/195Jul 10$2.07$0.434.81$167.93$194.57
182/185188/190Jul 10$2.07$0.434.81$182.93$189.57
165/168170/172Jul 10$2.05$0.454.56$165.45$172.05
165/168185/188Jul 10$2.05$0.454.56$165.45$187.05
168/170182/185Jul 10$2.00$0.504.00$168.00$184.50
185/188190/192Jul 10$1.96$0.543.63$185.54$191.96
155/160175/185Jul 24$7.73$2.273.41$152.27$182.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 23 found (best R:R 18.23, cheapest $0.13)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$185.00$187.50$190.00Jul 10$0.13$2.3718.23
$200.00$205.00$210.00Jul 31$0.45$4.5510.11
$190.00$192.50$195.00Jul 10$0.26$2.248.62
$190.00$195.00$200.00Jul 17$0.59$4.417.47
$155.00$160.00$165.00Jul 17$0.65$4.356.69
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$190.00$192.50$195.00Jul 17$0.20$2.3011.50
$177.50$180.00$182.50Jul 10$0.22$2.2810.36
$170.00$175.00$180.00Jul 17$0.44$4.5610.36
$155.00$160.00$165.00Jul 17$0.53$4.478.43
$175.00$180.00$185.00Jul 17$0.54$4.468.26

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 39 found (best net $-2.20, 35 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$175.00$185.001:2Jul 24-$2.20$7.80
$195.00$202.501:2Jul 24-$0.50$7.00
$210.00$220.001:2Jul 17-$4.15$5.85
$195.00$200.001:2Jul 17-$0.52$4.48
$172.50$180.001:2Jul 10-$3.15$4.35
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$175.00$170.001:2Jul 17-$0.48$4.52
$180.00$175.001:2Jul 17-$0.54$4.46
$185.00$180.001:2Jul 17-$0.94$4.06
$160.00$155.001:2Jul 24-$1.32$3.68
$190.00$185.001:2Jul 17-$1.55$3.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 14 found (best yield 6.10%, avg 2.12%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$190.00Aug 7$11.500.520.8%6.10%6.96%115
$200.00Aug 14$7.600.406.2%4.03%10.20%1--
$200.00Jul 31$6.200.386.2%3.29%9.45%16
$190.00Jul 24$5.600.480.8%2.97%3.83%--20
$205.00Jul 31$4.800.328.8%2.55%11.36%--16
$190.00Jul 17$4.200.470.8%2.23%3.08%142
$210.00Jul 31$3.700.2711.5%1.96%13.43%--38
$195.00Jul 24$3.600.373.5%1.91%5.42%--17
$195.00Jul 17$2.450.333.5%1.30%4.81%1957
$190.00Jul 10$2.350.430.8%1.25%2.10%1851

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 397
Total Puts 501
Put/Call Ratio 1.26
Net Difference -104

Prior's Put/Call Breakdown

Total Calls 670
Total Puts 1,426
Put/Call Ratio 2.13
Net Difference -756

Prior 7-Day Put/Call Summary

Total Calls 5,791
Total Puts 6,455
Average Put/Call Ratio 2.23
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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