Tour v308
ALGN
ALIGN TECHNOLOGY INC
$178.17 +2.00%
7/9 18:07

Option Volume

Detail
Current (07/09) 362
Calls: 188 (52%)
Puts: 174 (48%)
Prior (07/08) 1,133
Calls: 595 (53%)
Puts: 538 (47%)
Current vs Prior -68.05%
Calls: -68.40% (Calls)
Puts: -67.66% (Puts)
Prior 7-Day Total 12,333
Calls: 6,384 (52%)
Puts: 5,949 (48%)
Prior 7-Day Average 1,761
Calls: 912 (52%)
Puts: 849 (48%)
Current vs Prior 7-Day Avg -79.45%
Calls: -79.39%
Puts: -79.53%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/09) $203.8K
Calls: $116.2K (57%)
Puts: $87.6K (43%)
Prior (07/08) $748.6K
Calls: $425.5K (57%)
Puts: $323.2K (43%)
Current vs Prior -72.77%
Calls: -72.69%
Puts: -72.88%
Prior 7-Day Total $9.38M
Calls: $6.59M (70%)
Puts: $2.79M (30%)
Prior 7-Day Average $1.34M
Calls: $941.2K (70%)
Puts: $399.2K (30%)
Current vs Prior 7-Day Avg -84.79%
Calls: -87.65%
Puts: -78.05%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/09) 0.93
Prior (07/08) 0.90
Current vs Prior +2.36%
Prior 7-Day Average 1.57
Current vs Prior 7-Day Avg -40.88%
Sentiment NEUTRAL

Open Interest

Detail
Current (07/09) 29,901
Calls: 14,534 (49%)
Puts: 15,367 (51%)
Prior (07/08) 29,600
Calls: 14,159 (48%)
Puts: 15,441 (52%)
Current vs Prior +1.02%
Prior 7-Day Total 194,176
Calls: 89,300 (46%)
Puts: 104,876 (54%)
Prior 7-Day Average 27,739
Calls: 12,757 (46%)
Puts: 14,982 (54%)
Current vs Prior 7-Day Avg +7.79%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 3.59% | 5.95%5.95% | 17.17%
Prior 3.71% | 6.07%6.07% | 16.23%
Current vs Prior -3.17% | -1.96%-1.96% | +5.82%
Prior 7-Day Avg 4.09% | 6.35%6.87% | 16.83%
Current vs 7-Day Avg -12.12% | -6.24%-13.38% | +2.03%
Prior 7-Day Eod 3.71% | 6.07%-- | --
Current vs 7-Day Eod -3.17% | -1.96%-- | --
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 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

Light premium activity with dollar volume down 73% vs prior. Below-average activity with volume down 68% vs prior.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
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. 27 found (avg delta 0.71, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$148.00Jul 1028.1033.50$30.8017.5%--0.9510
$165.00Jul 1712.5016.80$14.6529.4%--0.9430
$147.00Jul 1029.1034.70$31.9017.6%--0.8710
$160.00Jul 1717.6022.10$19.8522.7%60.8746
$150.00Jul 1724.9032.60$28.7526.8%--0.8657
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Jul 1718.0025.50$21.7534.5%--0.8918
$195.00Jul 1713.3020.40$16.8542.1%--0.8814
$190.00Jul 1710.3013.80$12.0529.0%--0.8228
$185.00Jul 176.8011.10$8.9548.0%--0.7114
$180.00Jul 101.404.70$3.05108.2%--0.6498

Most actively traded options today. High liquidity = easy entry/exit. 38 active (total vol 277, top 32)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Jul 171.203.10$2.1588.4%320.28113
$190.00Jul 170.851.55$1.2058.3%320.1843
$192.50Jul 100.002.75$1.38199.3%240.195
$190.00Jul 241.552.60$2.0850.5%190.2420
$192.50Jul 241.004.80$2.90131.0%150.26--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$167.50Jul 100.004.80$2.40200.0%250.23309
$165.00Jul 170.551.00$0.7857.7%170.13164
$175.00Jul 100.251.90$1.08152.8%160.27416
$172.50Jul 100.150.65$0.40125.0%100.13333
$180.00Aug 711.1012.80$11.9514.2%90.5116

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 19 strikes (avg 155.2%, max 350.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$200.00Jul 10Aug 21249.1%55.3%350.6%--105
$195.00Jul 10Aug 21214.4%50.6%323.4%2117
$197.50Jul 10Jul 17232.1%58.1%299.8%--177
$192.50Jul 10Jul 24156.8%54.5%187.9%395
$170.00Jul 10Aug 21138.4%50.2%175.8%241
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$165.00Jul 10Aug 21213.0%51.1%316.8%--77
$150.00Jul 10Jul 24350.3%85.9%307.6%--79
$167.50Jul 10Jul 17189.4%52.2%262.8%27656
$170.00Jul 10Aug 21138.4%50.2%175.8%--135
$145.00Jul 17Aug 21130.7%67.3%94.2%--160

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 40 found (best R:R 42.48, avg 4.93)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$200.00$210.00Jul 17$0.23$9.77$0.2342.48$200.23
$195.00$200.00Aug 21$0.25$4.75$0.2519.00$195.25
$195.00$205.00Jul 31$0.55$9.45$0.5517.18$195.55
$185.00$190.00Jul 24$0.42$4.58$0.4210.90$185.42
$200.00$210.00Aug 21$0.85$9.15$0.8510.76$200.85
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$162.50$160.00Jul 17$0.13$2.37$0.1318.23$162.37
$165.00$145.00Aug 21$2.85$17.15$2.856.02$162.15
$160.00$155.00Jul 31$0.97$4.03$0.974.15$159.03
$175.00$172.50Jul 10$0.68$1.82$0.682.68$174.32
$160.00$155.00Aug 7$1.37$3.63$1.372.65$158.63

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 51 found (best R:R 49.00, avg 2.89)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$155.00$160.00Jul 17$4.50$4.50$0.509.00$159.50
$150.00$155.00Jul 17$4.40$4.40$0.607.33$154.40
$170.00$175.00Jul 17$4.40$4.40$0.607.33$174.40
$177.50$180.00Jul 10$2.13$2.13$0.375.76$179.63
$180.00$185.00Jul 24$4.00$4.00$1.004.00$184.00
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$200.00$195.00Jul 17$4.90$4.90$0.1049.00$195.10
$195.00$190.00Jul 17$4.80$4.80$0.2024.00$190.20
$185.00$180.00Aug 14$4.10$4.10$0.904.56$180.90
$185.00$182.50Jul 17$2.00$2.00$0.504.00$183.00
$180.00$175.00Jul 17$3.70$3.70$1.302.85$176.30

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $2.14, cheapest $0.15)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$175.00Jul 17Jul 24$0.1539.6%45.4%
$177.50Jul 10Jul 17$0.3572.8%37.6%
$205.00Jul 24Jul 31$0.7071.2%66.2%
$190.00Jul 10Jul 17$0.9583.0%50.0%
$185.00Jul 10Jul 17$1.1587.1%49.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$145.00Jul 17Aug 21$1.45130.7%67.3%
$160.00Jul 10Jul 17$1.5294.2%70.6%
$175.00Jul 10Jul 17$2.1271.7%39.6%
$180.00Jul 10Jul 17$3.8548.6%43.0%
$185.00Jul 17Aug 7$5.9049.0%57.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 18 found (cheapest 2.40% of stock, avg 9.45%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$180.00Jul 10$1.22$3.05$4.27$175.73$184.272.40%
$177.50Jul 10$3.35$2.00$5.35$172.15$182.853.00%
$180.00Jul 17$3.18$6.90$10.08$169.92$190.085.66%
$182.50Jul 17$3.15$6.95$10.10$172.40$192.605.67%
$175.00Jul 17$7.10$3.20$10.30$164.70$185.305.78%
$170.00Jul 10$8.85$1.65$10.50$159.50$180.505.89%
$185.00Jul 17$2.15$8.95$11.10$173.90$196.106.23%
$170.00Jul 17$11.50$1.48$12.98$157.02$182.987.29%
$190.00Jul 17$1.20$12.05$13.25$176.75$203.257.44%
$165.00Jul 17$14.65$0.78$15.43$149.57$180.438.66%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 102 found (cheapest 1.14% of stock, avg 3.84%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$182.50$175.00Jul 10$0.95$1.08$2.03$172.97$184.53
$185.00$175.00Jul 10$1.00$1.08$2.08$172.92$187.08
$195.00$170.00Jul 17$0.70$1.48$2.18$167.82$197.18
$180.00$175.00Jul 10$1.22$1.08$2.30$172.70$182.30
$195.00$162.50Jul 17$0.70$1.68$2.38$160.12$197.38
$195.00$167.50Jul 17$0.70$1.85$2.55$164.95$197.55
$182.50$170.00Jul 10$0.95$1.65$2.60$167.40$185.10
$185.00$170.00Jul 10$1.00$1.65$2.65$167.35$187.65
$190.00$170.00Jul 17$1.20$1.48$2.68$167.32$192.68
$180.00$170.00Jul 10$1.22$1.65$2.87$167.13$182.87

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 50 found (best R:R 15.67, avg credit $3.08)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
175/180182/185Jul 17$4.70$0.3015.67$175.30$187.20
165/170185/190Aug 21$4.70$0.3015.67$165.30$189.70
175/180185/190Jul 17$4.65$0.3513.29$175.35$189.65
165/170180/185Aug 21$4.60$0.4011.50$165.40$184.60
165/170175/180Aug 21$4.55$0.4510.11$165.45$179.55
160/162170/175Jul 17$4.53$0.479.64$157.97$174.53
160/165178/180Jul 10$4.50$0.509.00$160.50$182.00
175/180190/195Jul 17$4.20$0.805.25$175.80$194.20
165/168182/185Jul 17$2.07$0.434.81$165.43$184.57
155/160165/175Jul 31$7.62$2.383.20$152.38$172.62

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 20 found (best R:R 49.00, cheapest $0.10)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$185.00$190.00$195.00Jul 17$0.45$4.5510.11
$180.00$182.50$185.00Jul 10$0.32$2.186.81
$177.50$180.00$182.50Jul 17$0.49$2.014.10
$190.00$195.00$200.00Aug 21$1.15$3.853.35
$185.00$187.50$190.00Jul 10$0.75$1.752.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$190.00$195.00$200.00Jul 17$0.10$4.9049.00
$175.00$177.50$180.00Jul 10$0.13$2.3718.23
$165.00$170.00$175.00Aug 21$0.40$4.6011.50
$172.50$175.00$177.50Jul 10$0.24$2.269.42
$185.00$190.00$195.00Jul 17$1.70$3.301.94

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 52 found (best net $-1.00, 40 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$200.00$210.001:2Jul 17-$0.32$9.68
$180.00$190.001:2Jul 31-$2.45$7.55
$195.00$205.001:2Jul 31-$2.55$7.45
$200.00$210.001:2Aug 21-$4.05$5.95
$190.00$195.001:2Jul 17-$0.20$4.80
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$165.00$145.001:2Aug 21-$1.00$19.00
$160.00$150.001:2Jul 10-$4.77$5.23
$160.00$155.001:2Jul 24-$0.17$4.83
$160.00$155.001:2Aug 7-$1.56$3.44
$160.00$155.001:2Jul 31-$2.06$2.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 22 found (best yield 6.57%, avg 1.91%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$180.00Aug 21$11.700.511.0%6.57%7.59%120
$185.00Aug 21$9.200.453.8%5.16%9.00%220
$180.00Jul 31$8.700.491.0%4.88%5.91%--10
$190.00Aug 7$6.500.386.6%3.65%10.29%--16
$190.00Aug 21$6.000.386.6%3.37%10.01%251
$190.00Jul 31$5.200.366.6%2.92%9.56%--124
$200.00Aug 21$5.000.3012.2%2.81%15.06%--71
$195.00Aug 21$4.700.339.4%2.64%12.08%--29
$180.00Jul 24$4.300.481.0%2.41%3.44%17
$182.50Jul 17$2.400.362.4%1.35%3.78%--11

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 188
Total Puts 174
Put/Call Ratio 0.93
Net Difference 14

Prior's Put/Call Breakdown

Total Calls 595
Total Puts 538
Put/Call Ratio 0.90
Net Difference 57

Prior 7-Day Put/Call Summary

Total Calls 6,384
Total Puts 5,949
Average Put/Call Ratio 1.57
Ratio Trend Rising

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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