Tour v500
BIIB
BIOGEN INC
$207.13 -0.39%
8/10 18:19

Option Volume

Detail
Current (08/10) 1,221
Calls: 337 (28%)
Puts: 884 (72%)
Prior (08/07) 1,800
Calls: 323 (18%)
Puts: 1,477 (82%)
Current vs Prior -32.17%
Calls: +4.33% (Calls)
Puts: -40.15% (Puts)
Prior 7-Day Total 12,075
Calls: 4,213 (35%)
Puts: 7,862 (65%)
Prior 7-Day Average 1,725
Calls: 601 (35%)
Puts: 1,123 (65%)
Current vs Prior 7-Day Avg -29.22%
Calls: -44.01%
Puts: -21.29%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/10) $412.3K
Calls: $217.3K (53%)
Puts: $195.0K (47%)
Prior (08/07) $304.9K
Calls: $155.9K (51%)
Puts: $149.0K (49%)
Current vs Prior +35.24%
Calls: +39.40%
Puts: +30.88%
Prior 7-Day Total $5.66M
Calls: $3.75M (66%)
Puts: $1.90M (34%)
Prior 7-Day Average $808.0K
Calls: $536.3K (66%)
Puts: $271.7K (34%)
Current vs Prior 7-Day Avg -48.97%
Calls: -59.48%
Puts: -28.22%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/10) 2.62
Prior (08/07) 4.57
Current vs Prior -42.64%
Prior 7-Day Average 2.17
Current vs Prior 7-Day Avg +20.61%
Sentiment BEARISH

Open Interest

Detail
Current (08/10) 6,408
Calls: 5,728 (89%)
Puts: 680 (11%)
Prior (08/07) 5,678
Calls: 3,530 (62%)
Puts: 2,148 (38%)
Current vs Prior +12.86%
Prior 7-Day Total 61,771
Calls: 44,101 (71%)
Puts: 17,670 (29%)
Prior 7-Day Average 8,824
Calls: 6,300 (71%)
Puts: 2,524 (29%)
Current vs Prior 7-Day Avg -27.38%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/14) | Next (08/21)Expiry (08/21) | Next (09/18)
Current 3.52% | 5.16%5.16% | 11.32%
Prior 4.19% | 5.70%5.70% | 11.66%
Current vs Prior -15.86% | -9.52%-9.52% | -2.92%
Prior 7-Day Avg 3.60% | 5.19%6.83% | 12.42%
Current vs 7-Day Avg -2.03% | -0.63%-24.49% | -8.81%
Prior 7-Day Eod 4.19% | 5.70%5.70% | 11.66%
Current vs 7-Day Eod -15.86% | -9.52%-9.52% | -2.92%
Sentiment BULLISHBULLISH

Relative Spread

Detail
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

Extreme bearish P/C ratio of 2.62 - heavy put buying. P/C ratio dropping 43% - sentiment shifting bullish. Call-heavy open interest (5,728 calls vs 680 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 BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
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 1 of results (avg 7.5%, best 7.5%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Sep 187.708.30$8.007.5%70.471.1K
PUTS (0)
No puts meet the criteria

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. 13 found (avg delta 0.64, highest 0.88)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Sep 1815.0018.90$16.9523.0%10.73--
$200.00Sep 1811.5015.50$13.5029.6%640.65934
$205.00Aug 142.106.10$4.1097.6%40.6210
$207.50Aug 284.508.40$6.4560.5%110.51--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Sep 1831.5035.50$33.5011.9%70.88--
$230.00Sep 1822.5026.50$24.5016.3%210.78--
$220.00Sep 1814.3018.30$16.3024.5%140.70--
$212.50Aug 215.9010.00$7.9551.6%20.66--
$212.50Aug 287.4011.00$9.2039.1%20.61--

Most actively traded options today. High liquidity = easy entry/exit. 46 active (total vol 487, top 64)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Sep 1811.5015.50$13.5029.6%640.65934
$220.00Sep 182.604.80$3.7059.5%340.29775
$215.00Aug 140.001.20$0.60200.0%260.1662
$220.00Aug 140.251.50$0.88142.0%150.15232
$230.00Sep 181.954.30$3.1375.1%150.22512
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Aug 212.756.80$4.7884.7%260.504
$207.50Aug 284.308.40$6.3564.6%250.49--
$230.00Sep 1822.5026.50$24.5016.3%210.78--
$190.00Aug 140.002.25$1.13199.1%200.1339
$210.00Aug 214.208.30$6.2565.6%180.59--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 7 strikes (avg 39.4%, max 92.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$230.00Aug 14Sep 1874.1%38.5%92.5%18512
$220.00Aug 14Sep 1854.0%31.0%74.2%491.0K
$225.00Aug 14Sep 1153.9%33.6%60.1%2021
$210.00Aug 14Sep 1844.9%34.3%30.9%91.1K
$215.00Aug 14Sep 1134.6%33.7%2.7%2862
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$205.00Aug 14Aug 2137.2%33.2%12.1%746
$200.00Aug 14Sep 1132.2%31.3%3.1%8--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 25 found (best R:R 19.83, avg 3.66)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$215.00$217.50Aug 14$0.12$2.38$0.1219.83$215.12
$220.00$230.00Sep 18$0.57$9.43$0.5716.54$220.57
$225.00$230.00Sep 11$0.42$4.58$0.4210.90$225.42
$230.00$240.00Sep 11$1.35$8.65$1.356.41$231.35
$230.00$240.00Sep 18$1.88$8.12$1.884.32$231.88
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$202.50$200.00Aug 14$0.52$1.98$0.523.81$201.98
$210.00$185.00Sep 18$7.80$17.20$7.802.21$202.20
$205.00$202.50Aug 21$0.85$1.65$0.851.94$204.15
$207.50$205.00Aug 21$1.05$1.45$1.051.38$206.45
$205.00$202.50Aug 14$1.15$1.35$1.151.17$203.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 29 found (best R:R 9.00, avg 1.24)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$195.00$200.00Sep 18$3.45$3.45$1.552.23$198.45
$207.50$210.00Aug 21$1.65$1.65$0.851.94$209.15
$210.00$212.50Aug 14$1.55$1.55$0.951.63$211.55
$200.00$210.00Sep 18$5.50$5.50$4.501.22$205.50
$210.00$220.00Sep 18$4.30$4.30$5.700.75$214.30
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$240.00$230.00Sep 18$9.00$9.00$1.009.00$231.00
$230.00$220.00Sep 18$8.20$8.20$1.804.56$221.80
$212.50$210.00Aug 21$1.70$1.70$0.802.13$210.80
$220.00$210.00Sep 18$6.35$6.35$3.651.74$213.65
$212.50$210.00Aug 28$1.50$1.50$1.001.50$211.00

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $1.50, cheapest $0.35)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$210.00Aug 14Aug 21$0.3544.9%29.7%
$240.00Sep 11Sep 18$0.5733.6%35.4%
$220.00Aug 14Aug 21$0.7254.0%40.4%
$215.00Aug 14Aug 21$1.0034.6%30.7%
$230.00Aug 14Sep 11$1.3574.1%36.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$212.50Aug 21Aug 28$1.2534.4%34.9%
$210.00Aug 21Aug 28$1.4529.7%36.6%
$205.00Aug 14Aug 21$1.5637.2%33.2%
$207.50Aug 21Aug 28$1.5733.7%33.9%
$202.50Aug 14Aug 21$1.8632.8%34.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 9 found (cheapest 3.03% of stock, avg 8.11%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$205.00Aug 14$4.10$2.17$6.27$198.73$211.273.03%
$210.00Aug 21$3.00$6.25$9.25$200.75$219.254.47%
$207.50Aug 21$4.65$4.78$9.43$198.07$216.934.55%
$207.50Aug 28$6.45$6.35$12.80$194.70$220.306.18%
$210.00Aug 28$5.45$7.70$13.15$196.85$223.156.35%
$210.00Sep 18$8.00$9.95$17.95$192.05$227.958.67%
$220.00Sep 18$3.70$16.30$20.00$200.00$240.009.66%
$230.00Sep 18$3.13$24.50$27.63$202.37$257.6313.34%
$240.00Sep 18$1.25$33.50$34.75$205.25$274.7516.78%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 36 found (cheapest 0.53% of stock, avg 2.04%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$215.00$200.00Aug 14$0.60$0.50$1.10$198.90$216.10
$220.00$200.00Aug 14$0.88$0.50$1.38$198.62$221.38
$212.50$200.00Aug 14$1.10$0.50$1.60$198.40$214.10
$215.00$202.50Aug 14$0.60$1.02$1.62$200.88$216.62
$222.50$200.00Aug 14$1.13$0.50$1.63$198.37$224.13
$215.00$190.00Aug 14$0.60$1.13$1.73$188.27$216.73
$220.00$202.50Aug 14$0.88$1.02$1.90$200.60$221.90
$220.00$190.00Aug 14$0.88$1.13$2.01$187.99$222.01
$212.50$202.50Aug 14$1.10$1.02$2.12$200.38$214.62
$222.50$202.50Aug 14$1.13$1.02$2.15$200.35$224.65

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 16 found (best R:R 4.81, avg credit $3.81)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
200/202210/212Aug 14$2.07$0.434.81$200.43$212.07
210/220230/240Sep 18$8.23$1.774.65$211.77$238.23
202/205222/225Aug 14$1.90$0.603.17$203.10$224.40
200/210215/225Sep 11$7.20$2.802.57$202.80$222.20
202/205212/215Aug 14$1.65$0.851.94$203.35$214.15
200/210230/240Sep 11$5.95$4.051.47$204.05$235.95
200/202222/225Aug 14$1.27$1.231.03$201.23$223.77
202/205215/218Aug 14$1.27$1.231.03$203.73$216.27
200/210225/230Sep 11$5.02$4.981.01$204.98$230.02
205/208210/215Aug 21$2.45$2.550.96$205.05$212.45

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 13 found (best R:R 15.67, cheapest $0.15)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$200.00$210.00$220.00Sep 18$1.20$8.807.33
$212.50$215.00$217.50Aug 14$0.38$2.125.58
$215.00$217.50$220.00Aug 14$0.52$1.983.81
$210.00$215.00$220.00Aug 21$1.40$3.602.57
$210.00$220.00$230.00Sep 18$3.73$6.271.68
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$207.50$210.00$212.50Aug 28$0.15$2.3515.67
$202.50$205.00$207.50Aug 21$0.20$2.3011.50
$220.00$230.00$240.00Sep 18$0.80$9.2011.50
$207.50$210.00$212.50Aug 21$0.23$2.279.87
$205.00$207.50$210.00Aug 21$0.42$2.084.95

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 26 found (best net $-1.76, 16 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$200.00$210.001:2Sep 18-$2.50$7.50
$220.00$230.001:2Sep 18-$2.56$7.44
$210.00$215.001:2Aug 21-$0.20$4.80
$225.00$230.001:2Aug 14-$0.98$4.02
$205.00$210.001:2Aug 14-$1.20$3.80
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$200.00$190.001:2Aug 14-$1.76$8.24
$220.00$210.001:2Sep 18-$3.60$6.40
$230.00$220.001:2Sep 18-$8.10$1.90
$205.00$202.501:2Aug 21-$2.03$0.47
$210.00$185.001:2Sep 18$5.65$19.35

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 16 found (best yield 3.72%, avg 1.01%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$210.00Sep 18$7.700.471.4%3.72%5.10%71.1K
$207.50Aug 28$4.500.510.2%2.17%2.35%11--
$210.00Aug 28$3.900.451.4%1.88%3.27%93
$215.00Sep 11$3.100.373.8%1.50%5.30%2--
$207.50Aug 21$2.600.500.2%1.26%1.43%149
$220.00Sep 18$2.600.296.2%1.26%7.47%34775
$230.00Sep 18$1.950.2211.0%0.94%11.98%15512
$210.00Aug 21$1.600.411.4%0.77%2.16%4207
$210.00Aug 14$1.500.401.4%0.72%2.11%2--
$220.00Sep 4$1.100.276.2%0.53%6.74%137

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 337
Total Puts 884
Put/Call Ratio 2.62
Net Difference -547

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 4,213
Total Puts 7,862
Average Put/Call Ratio 2.17
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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