Tour v494
BIIB
BIOGEN INC
$207.94 +0.80%
(8/6 18:23) ◀
|
Friday, August 7, 2026 (6:16pm)
January 2026
|
▶ (8/10 18:19)
◀ 8/7 18:16 ▶

Option Volume

Detail
ℹ
Current (08/07) 1,800
Calls: 323 (18%)
Puts: 1,477 (82%)
Prior (08/06) 956
Calls: 250 (26%)
Puts: 706 (74%)
Current vs Prior +88.28%
Calls: +29.20% (Calls)
Puts: +109.21% (Puts)
Prior 7-Day Total 12,875
Calls: 5,401 (42%)
Puts: 7,474 (58%)
Prior 7-Day Average 1,839
Calls: 771 (42%)
Puts: 1,067 (58%)
Current vs Prior 7-Day Avg -2.14%
Calls: -58.14%
Puts: +38.33%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/07) $304.9K
Calls: $155.9K (51%)
Puts: $149.0K (49%)
Prior (08/06) $277.0K
Calls: $121.7K (44%)
Puts: $155.3K (56%)
Current vs Prior +10.06%
Calls: +28.11%
Puts: -4.08%
Prior 7-Day Total $7.41M
Calls: $4.74M (64%)
Puts: $2.66M (36%)
Prior 7-Day Average $1.06M
Calls: $677.8K (64%)
Puts: $380.5K (36%)
Current vs Prior 7-Day Avg -71.19%
Calls: -77.00%
Puts: -60.85%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/07) 4.57
Prior (08/06) 2.82
Current vs Prior +61.92%
Prior 7-Day Average 1.62
Current vs Prior 7-Day Avg +181.47%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/07) 5,678
Calls: 3,530 (62%)
Puts: 2,148 (38%)
Prior (08/06) 9,289
Calls: 5,050 (54%)
Puts: 4,239 (46%)
Current vs Prior -38.87%
Prior 7-Day Total 100,007
Calls: 64,334 (64%)
Puts: 35,673 (36%)
Prior 7-Day Average 14,286
Calls: 9,190 (64%)
Puts: 5,096 (36%)
Current vs Prior 7-Day Avg -60.26%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 1.83% | 4.19%5.70% | 11.66%
Prior 2.77% | 4.85%6.52% | 12.17%
Current vs Prior +51.32% | +17.55%-12.60% | -4.16%
Prior 7-Day Avg 3.50% | 5.19%7.17% | 12.62%
Current vs 7-Day Avg +19.77% | +9.79%-20.54% | -7.59%
Prior 7-Day Eod 2.77% | 4.85%6.52% | 12.17%
Current vs 7-Day Eod +51.32% | +17.55%-12.60% | -4.16%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 229.41% | 28.88%
Calls: 47.07% | 38.89%
Puts: 411.76% | 18.87%
Prior 229.41% | 28.88%
Calls: 47.07% | 38.89%
Puts: 411.76% | 18.87%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 229.41% | 28.88%
Calls: 47.07% | 38.89%
Puts: 411.76% | 18.87%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Above-average activity with volume up 88% vs prior. Extreme bearish P/C ratio of 4.57 - heavy put buying. P/C ratio rising 62% - increased hedging/bearish positioning. Call-heavy open interest (3,530 calls vs 2,148 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
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. 11 found (avg delta 0.72, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Aug 1411.4015.20$13.3028.6%100.9412
$205.00Aug 70.904.70$2.80135.7%70.9347
$195.00Aug 710.9014.50$12.7028.3%100.8812
$200.00Aug 75.909.70$7.8048.7%120.83292
$202.50Aug 73.407.20$5.3071.7%180.80295
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Aug 70.002.15$1.08199.1%10.56--

Most actively traded options today. High liquidity = easy entry/exit. 39 active (total vol 601, top 229)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Aug 142.004.70$3.3580.6%840.4327
$220.00Aug 140.252.00$1.13154.9%700.17209
$202.50Aug 73.407.20$5.3071.7%180.80295
$200.00Aug 75.909.70$7.8048.7%120.83292
$195.00Aug 710.9014.50$12.7028.3%100.8812
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$202.50Aug 210.704.30$2.50144.0%2290.3251
$200.00Aug 140.002.80$1.40200.0%370.2247
$190.00Aug 140.000.35$0.18194.4%200.0423
$205.00Aug 70.001.15$0.57201.8%110.2874
$200.00Aug 70.002.25$1.13199.1%100.2182

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 1068.9%, max 2670.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$195.00Aug 7Aug 14809.5%31.8%2444.6%2024
$212.50Aug 7Aug 14471.4%32.9%1332.1%927
$202.50Aug 7Aug 14460.4%34.5%1233.1%19295
$220.00Aug 7Sep 4359.8%35.3%920.2%37
$205.00Aug 7Aug 21214.6%29.7%621.5%847
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Aug 141034.6%37.3%2670.5%2123
$200.00Aug 7Sep 18583.8%31.5%1750.9%11494
$205.00Aug 7Aug 21214.6%29.7%621.5%1880
$202.50Aug 14Aug 2134.5%29.2%18.2%23051

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 17 found (best R:R 7.20, avg 3.00)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$212.50$220.00Aug 7$0.97$6.53$0.976.73$213.47
$207.50$210.00Aug 14$0.48$2.02$0.484.21$207.98
$207.50$210.00Aug 7$0.70$1.80$0.702.57$208.20
$210.00$230.00Sep 18$5.87$14.13$5.872.41$215.87
$210.00$215.00Aug 28$2.05$2.95$2.051.44$212.05
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$200.00$190.00Aug 14$1.22$8.78$1.227.20$198.78
$205.00$202.50Aug 14$0.32$2.18$0.326.81$204.68
$202.50$200.00Aug 14$0.45$2.05$0.454.56$202.05
$202.50$200.00Aug 21$0.45$2.05$0.454.56$202.05
$207.50$205.00Aug 7$0.51$1.99$0.513.90$206.99

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 20 found (best R:R 49.00, avg 3.44)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$195.00$200.00Aug 7$4.90$4.90$0.1049.00$199.90
$195.00$202.50Aug 14$6.45$6.45$1.056.14$201.45
$202.50$205.00Aug 14$1.80$1.80$0.702.57$204.30
$205.00$207.50Aug 7$1.60$1.60$0.901.78$206.60
$210.00$212.50Aug 14$1.50$1.50$1.001.50$211.50
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$205.00$202.50Aug 21$1.03$1.03$1.470.70$203.97
$207.50$205.00Aug 7$0.51$0.51$1.990.26$206.99
$202.50$200.00Aug 14$0.45$0.45$2.050.22$202.05
$202.50$200.00Aug 21$0.45$0.45$2.050.22$202.05
$205.00$202.50Aug 14$0.32$0.32$2.180.15$204.68

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $1.52, cheapest $0.27)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$230.00Sep 11Sep 18$0.5036.2%35.3%
$195.00Aug 7Aug 14$0.60809.5%31.8%
$212.50Aug 7Aug 14$0.85471.4%32.9%
$220.00Aug 7Aug 14$1.10359.8%43.3%
$202.50Aug 7Aug 14$1.55460.4%34.5%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$200.00Aug 7Aug 14$0.27583.8%37.0%
$202.50Aug 14Aug 21$0.6534.5%29.2%
$205.00Aug 7Aug 14$1.60214.6%29.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 6 found (cheapest 1.10% of stock, avg 3.27%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$207.50Aug 7$1.20$1.08$2.28$205.22$209.781.10%
$205.00Aug 7$2.80$0.57$3.37$201.63$208.371.62%
$205.00Aug 14$5.05$2.17$7.22$197.78$212.223.47%
$202.50Aug 14$6.85$1.85$8.70$193.80$211.204.18%
$200.00Aug 7$7.80$1.13$8.93$191.07$208.934.29%
$205.00Aug 21$6.80$3.53$10.33$194.67$215.334.97%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 33 found (cheapest 0.51% of stock, avg 1.69%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$210.00$205.00Aug 7$0.50$0.57$1.07$203.93$211.07
$212.50$205.00Aug 7$1.00$0.57$1.57$203.43$214.07
$210.00$190.00Aug 7$0.50$1.08$1.58$188.42$211.58
$210.00$170.00Aug 7$0.50$1.08$1.58$168.42$211.58
$210.00$200.00Aug 7$0.50$1.13$1.63$198.37$211.63
$240.00$205.00Aug 7$1.10$0.57$1.67$203.33$241.67
$207.50$205.00Aug 7$1.20$0.57$1.77$203.23$209.27
$212.50$190.00Aug 7$1.00$1.08$2.08$187.92$214.58
$212.50$170.00Aug 7$1.00$1.08$2.08$167.92$214.58
$212.50$200.00Aug 7$1.00$1.13$2.13$197.87$214.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 16 found (best R:R 24.00, avg credit $1.87)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
202/205208/210Aug 21$2.40$0.1024.00$202.60$209.90
200/202210/212Aug 14$1.95$0.553.55$200.55$211.95
202/205210/212Aug 14$1.82$0.682.68$203.18$211.82
200/202208/210Aug 21$1.82$0.682.68$200.68$209.32
200/202205/208Aug 21$1.80$0.702.57$200.70$206.80
200/202205/208Aug 14$1.67$0.832.01$200.83$206.67
200/202212/215Aug 14$1.57$0.931.69$200.93$214.07
202/205212/215Aug 14$1.44$1.061.36$203.56$213.94
200/202208/210Aug 14$0.93$1.570.59$201.57$208.43
202/205208/210Aug 14$0.80$1.700.47$204.20$208.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 7 found (best R:R 5.58, cheapest $0.38)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$210.00$212.50$215.00Aug 14$0.38$2.125.58
$202.50$205.00$207.50Aug 14$0.58$1.923.31
$205.00$207.50$210.00Aug 14$0.74$1.762.38
$202.50$205.00$207.50Aug 7$0.90$1.601.78
$205.00$207.50$210.00Aug 7$0.90$1.601.78
PUTS (1)
LowMidHighExpiryDebitMax GainR:R
$200.00$202.50$205.00Aug 21$0.58$1.923.31

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 22 found (best net $-1.08, 16 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$220.00$240.001:2Aug 7-$2.17$17.83
$195.00$202.501:2Aug 14-$0.40$7.10
$215.00$220.001:2Aug 14-$1.53$3.47
$210.00$215.001:2Aug 28-$2.05$2.95
$202.50$205.001:2Aug 7-$0.30$2.20
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$170.001:2Aug 7-$1.08$18.92
$200.00$190.001:2Aug 7-$1.03$8.97
$205.00$200.001:2Aug 7-$1.69$3.31
$207.50$205.001:2Aug 7-$0.06$2.44
$202.50$200.001:2Aug 14-$0.95$1.55

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 10 found (best yield 3.27%, avg 1.04%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$210.00Sep 18$6.800.491.0%3.27%4.26%71.1K
$210.00Aug 28$4.300.471.0%2.07%3.06%1--
$210.00Aug 21$2.250.441.0%1.08%2.07%6203
$215.00Aug 28$2.200.363.4%1.06%4.45%1184
$210.00Aug 14$2.000.431.0%0.96%1.95%8427
$220.00Sep 4$1.650.295.8%0.79%6.59%27
$230.00Sep 18$1.250.2110.6%0.60%11.21%2510
$230.00Sep 11$0.650.1910.6%0.31%10.92%24
$212.50Aug 14$0.400.312.2%0.19%2.39%86
$220.00Aug 14$0.250.175.8%0.12%5.92%70209

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 323
Total Puts 1,477
Put/Call Ratio 4.57
Net Difference -1,154

Prior's Put/Call Breakdown

Total Calls 250
Total Puts 706
Put/Call Ratio 2.82
Net Difference -456

Prior 7-Day Put/Call Summary

Total Calls 5,401
Total Puts 7,474
Average Put/Call Ratio 1.62
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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