Tour v344
ALGN
ALIGN TECHNOLOGY INC
$178.41 -1.57%
$180.00 (+0.89%)🌙
as of 07/16 06:07 PM
7/16 18:07

Option Volume

Detail
Current (07/16) 520
Calls: 150 (29%)
Puts: 370 (71%)
Prior (07/15) 414
Calls: 317 (77%)
Puts: 97 (23%)
Current vs Prior +25.60%
Calls: -52.68% (Calls)
Puts: +281.44% (Puts)
Prior 7-Day Total 5,371
Calls: 3,083 (57%)
Puts: 2,288 (43%)
Prior 7-Day Average 767
Calls: 440 (57%)
Puts: 326 (43%)
Current vs Prior 7-Day Avg -32.23%
Calls: -65.94%
Puts: +13.20%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/16) $346.7K
Calls: $71.5K (21%)
Puts: $275.1K (79%)
Prior (07/15) $239.9K
Calls: $185.5K (77%)
Puts: $54.4K (23%)
Current vs Prior +44.47%
Calls: -61.44%
Puts: +405.77%
Prior 7-Day Total $4.69M
Calls: $3.44M (73%)
Puts: $1.25M (27%)
Prior 7-Day Average $669.6K
Calls: $491.0K (73%)
Puts: $178.6K (27%)
Current vs Prior 7-Day Avg -48.23%
Calls: -85.43%
Puts: +54.00%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/16) 2.47
Prior (07/15) 0.31
Current vs Prior +706.12%
Prior 7-Day Average 0.70
Current vs Prior 7-Day Avg +251.95%
Sentiment BEARISH

Open Interest

Detail
Current (07/16) 28,878
Calls: 14,737 (51%)
Puts: 14,141 (49%)
Prior (07/15) 2,061
Calls: 1,396 (68%)
Puts: 665 (32%)
Current vs Prior +1301.16%
Prior 7-Day Total 151,745
Calls: 74,908 (49%)
Puts: 76,837 (51%)
Prior 7-Day Average 21,677
Calls: 10,701 (49%)
Puts: 10,976 (51%)
Current vs Prior 7-Day Avg +33.21%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 3.30% | 5.63%3.30% | 15.16%
Prior 4.58% | 5.99%4.58% | 15.42%
Current vs Prior -28.02% | -5.89%-28.03% | -1.67%
Prior 7-Day Avg 4.41% | 6.16%5.23% | 16.12%
Current vs 7-Day Avg -25.21% | -8.49%-36.96% | -5.93%
Prior 7-Day Eod 4.58% | 5.99%4.58% | 15.42%
Current vs 7-Day Eod -28.02% | -5.89%-28.03% | -1.67%
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

Strong bearish conviction with 79% of dollar volume in puts ($275.1K) vs calls ($71.5K). Extreme bearish P/C ratio of 2.47 - heavy put buying. P/C ratio rising 706% - increased hedging/bearish positioning. Rising open interest (up 1301%) indicates new positions being established.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
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 9.8%, best 9.7%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$165.00Aug 2119.5021.50$20.509.8%20.703
$170.00Aug 2116.2017.90$17.0510.0%--0.6419
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Aug 710.8011.90$11.359.7%20.4911

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 0.69, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$155.00Jul 1720.4026.50$23.4526.0%--1.0016
$170.00Jul 175.5011.20$8.3568.3%--0.89105
$149.00Jul 1725.1033.30$29.2028.1%--0.8736
$150.00Jul 1724.1032.50$28.3029.7%--0.8779
$175.00Jul 172.656.90$4.7888.9%30.8773
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Jul 174.2010.00$7.1081.7%--0.9016
$200.00Jul 1718.5025.50$22.0031.8%--0.8018
$195.00Jul 1713.5020.50$17.0041.2%20.7814
$190.00Jul 178.6014.40$11.5050.4%100.7528
$182.50Jul 173.606.90$5.2562.9%20.6730

Most actively traded options today. High liquidity = easy entry/exit. 42 active (total vol 423, top 71)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$187.50Jul 170.000.60$0.30200.0%360.0956
$177.50Jul 244.405.50$4.9522.2%180.555
$180.00Jul 243.204.00$3.6022.2%180.4644
$185.00Jul 241.752.20$1.9822.7%160.2929
$180.00Jul 171.001.95$1.4864.2%80.35130
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Jul 240.300.75$0.5384.9%710.08148
$180.00Jul 172.454.20$3.3352.6%420.66129
$185.00Aug 2114.8016.80$15.8012.7%210.5549
$185.00Aug 2814.7017.50$16.1017.4%210.545
$175.00Aug 219.9011.00$10.4510.5%200.4220

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 21 strikes (avg 200.0%, max 556.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$200.00Jul 17Aug 21263.9%55.9%372.0%4536
$192.50Jul 17Jul 24211.7%45.8%362.4%--72
$195.00Jul 17Aug 21229.8%54.2%324.1%--139
$210.00Jul 17Aug 21219.4%57.4%282.2%--364
$165.00Jul 17Aug 21197.6%54.4%262.9%332
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$145.00Jul 17Aug 21383.4%58.5%556.0%--160
$150.00Jul 17Aug 21337.1%57.5%486.1%1107
$165.00Jul 17Aug 21197.6%54.4%262.9%--188
$160.00Jul 17Jul 31244.8%73.8%231.5%5394
$155.00Jul 17Aug 21146.7%58.0%153.0%--131

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 43 found (best R:R 32.33, avg 4.09)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$197.50$202.50Jul 24$0.20$4.80$0.2024.00$197.70
$190.00$192.50Jul 24$0.19$2.31$0.1912.16$190.19
$200.00$205.00Jul 31$0.65$4.35$0.656.69$200.65
$192.50$195.00Jul 24$0.40$2.10$0.405.25$192.90
$200.00$210.00Aug 21$1.65$8.35$1.655.06$201.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$165.00$160.00Jul 24$0.15$4.85$0.1532.33$164.85
$160.00$155.00Jul 31$0.48$4.52$0.489.42$159.52
$180.00$177.50Jul 17$0.25$2.25$0.259.00$179.75
$150.00$145.00Aug 21$0.75$4.25$0.755.67$149.25
$175.00$172.50Jul 17$0.42$2.08$0.424.95$174.58

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 55 found (best R:R 49.00, avg 2.93)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$155.00$160.00Jul 17$4.90$4.90$0.1049.00$159.90
$150.00$155.00Jul 17$4.85$4.85$0.1532.33$154.85
$149.00$150.00Jul 17$0.90$0.90$0.109.00$149.90
$175.00$177.50Jul 17$2.23$2.23$0.278.26$177.23
$160.00$165.00Jul 17$4.45$4.45$0.558.09$164.45
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$190.00$185.00Jul 17$4.40$4.40$0.607.33$185.60
$177.50$175.00Jul 17$2.08$2.08$0.424.95$175.42
$182.50$180.00Jul 17$1.92$1.92$0.583.31$180.58
$185.00$182.50Jul 17$1.85$1.85$0.652.85$183.15
$185.00$180.00Aug 21$2.85$2.85$2.151.33$182.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $3.59, cheapest $0.20)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$197.50Jul 17Jul 24$0.20247.2%82.7%
$200.00Jul 17Jul 31$0.88263.9%71.0%
$175.00Jul 17Jul 24$1.6751.4%42.7%
$185.00Jul 17Jul 24$1.7067.4%42.1%
$180.00Jul 17Jul 24$2.1274.9%40.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$177.50Jul 17Jul 24$0.7275.9%41.0%
$180.00Jul 17Jul 24$1.7774.9%40.9%
$155.00Jul 17Jul 24$2.22146.7%103.2%
$170.00Jul 17Aug 7$5.80100.0%61.8%
$175.00Jul 17Aug 7$7.9551.4%61.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 21 found (cheapest 2.70% of stock, avg 9.49%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$180.00Jul 17$1.48$3.33$4.81$175.19$184.812.70%
$177.50Jul 17$2.55$3.08$5.63$171.87$183.133.16%
$175.00Jul 17$4.78$1.00$5.78$169.22$180.783.24%
$185.00Jul 17$0.28$7.10$7.38$177.62$192.384.14%
$182.50Jul 17$2.40$5.25$7.65$174.85$190.154.29%
$180.00Jul 24$3.60$5.10$8.70$171.30$188.704.88%
$177.50Jul 24$4.95$3.80$8.75$168.75$186.254.90%
$170.00Jul 17$8.35$1.05$9.40$160.60$179.405.27%
$190.00Jul 17$2.40$11.50$13.90$176.10$203.907.79%
$165.00Jul 17$14.10$2.40$16.50$148.50$181.509.25%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 89 found (cheapest 0.95% of stock, avg 4.51%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$190.00$165.00Jul 24$1.02$0.68$1.70$163.30$191.70
$180.00$175.00Jul 17$1.48$1.00$2.48$172.52$182.48
$180.00$170.00Jul 17$1.48$1.05$2.53$167.47$182.53
$185.00$165.00Jul 24$1.98$0.68$2.66$162.34$187.66
$202.50$165.00Jul 24$2.40$0.68$3.08$161.92$205.58
$197.50$165.00Jul 24$2.60$0.68$3.28$161.72$200.78
$182.50$175.00Jul 17$2.40$1.00$3.40$171.60$185.90
$190.00$175.00Jul 17$2.40$1.00$3.40$171.60$193.40
$192.50$175.00Jul 17$2.40$1.00$3.40$171.60$195.90
$195.00$175.00Jul 17$2.40$1.00$3.40$171.60$198.40

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 84 found (best R:R 24.00, avg credit $3.27)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
175/180185/190Aug 21$4.80$0.2024.00$175.20$189.80
170/175185/190Aug 21$4.75$0.2519.00$170.25$189.75
178/180182/185Jul 17$2.37$0.1318.23$177.63$184.87
150/155165/170Aug 21$4.62$0.3812.16$150.38$169.62
155/160175/178Jul 17$4.45$0.558.09$155.55$179.45
180/185190/195Aug 21$4.45$0.558.09$180.55$194.45
170/175180/185Aug 21$4.35$0.656.69$170.65$184.35
155/160182/185Jul 17$4.34$0.666.58$155.66$186.84
145/150165/170Aug 21$4.20$0.805.25$145.80$169.20
150/155170/175Aug 21$4.12$0.884.68$150.88$174.12

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 29 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$175.00$177.50$180.00Jul 24$0.15$2.3515.67
$175.00$180.00$185.00Jul 31$0.40$4.6011.50
$155.00$160.00$165.00Jul 17$0.45$4.5510.11
$175.00$180.00$185.00Aug 21$0.45$4.5510.11
$165.00$170.00$175.00Aug 21$0.50$4.509.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$170.00$175.00$180.00Aug 21$0.05$4.9599.00
$175.00$180.00$185.00Aug 28$0.05$4.9599.00
$170.00$175.00$180.00Aug 7$0.30$4.7015.67
$175.00$180.00$185.00Aug 21$0.35$4.6513.29
$145.00$150.00$155.00Aug 21$0.42$4.5810.90

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 48 found (best net $-0.86, 41 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$200.001:2Jul 31-$0.86$9.14
$200.00$210.001:2Aug 21-$1.75$8.25
$180.00$190.001:2Aug 7-$2.80$7.20
$185.00$190.001:2Jul 24-$0.06$4.94
$180.00$185.001:2Jul 24-$0.36$4.64
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$165.00$155.001:2Aug 21-$1.45$8.55
$165.00$160.001:2Jul 24-$0.38$4.62
$150.00$145.001:2Aug 21-$1.18$3.82
$155.00$150.001:2Aug 21-$1.51$3.49
$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. 21 found (best yield 6.05%, avg 2.31%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$180.00Aug 21$10.800.510.9%6.05%6.94%--19
$180.00Aug 7$9.400.510.9%5.27%6.16%--12
$185.00Aug 21$8.700.453.7%4.88%8.57%--22
$180.00Jul 31$8.400.500.9%4.71%5.60%211
$190.00Aug 21$6.900.396.5%3.87%10.36%150
$185.00Jul 31$6.300.423.7%3.53%7.22%36
$190.00Aug 7$5.700.376.5%3.19%9.69%--16
$195.00Aug 21$5.300.339.3%2.97%12.27%--60
$190.00Jul 31$4.800.366.5%2.69%9.19%1124
$200.00Aug 21$4.100.2812.1%2.30%14.40%472

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

Prior's Put/Call Breakdown

Total Calls 317
Total Puts 97
Put/Call Ratio 0.31
Net Difference 220

Prior 7-Day Put/Call Summary

Total Calls 3,083
Total Puts 2,288
Average Put/Call Ratio 0.70
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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