Tour v504
BIIB
BIOGEN INC
$203.89 -1.56%
8/11 18:21

Option Volume

Detail
Current (08/11) 755
Calls: 410 (54%)
Puts: 345 (46%)
Prior (08/10) 1,221
Calls: 337 (28%)
Puts: 884 (72%)
Current vs Prior -38.17%
Calls: +21.66% (Calls)
Puts: -60.97% (Puts)
Prior 7-Day Total 12,031
Calls: 3,773 (31%)
Puts: 8,258 (69%)
Prior 7-Day Average 1,718
Calls: 539 (31%)
Puts: 1,179 (69%)
Current vs Prior 7-Day Avg -56.07%
Calls: -23.93%
Puts: -70.76%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/11) $364.3K
Calls: $278.6K (76%)
Puts: $85.8K (24%)
Prior (08/10) $412.3K
Calls: $217.3K (53%)
Puts: $195.0K (47%)
Current vs Prior -11.64%
Calls: +28.18%
Puts: -56.01%
Prior 7-Day Total $4.33M
Calls: $3.01M (69%)
Puts: $1.32M (31%)
Prior 7-Day Average $619.1K
Calls: $430.1K (69%)
Puts: $189.0K (31%)
Current vs Prior 7-Day Avg -41.15%
Calls: -35.23%
Puts: -54.62%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/11) 0.84
Prior (08/10) 2.62
Current vs Prior -67.92%
Prior 7-Day Average 2.46
Current vs Prior 7-Day Avg -65.79%
Sentiment NEUTRAL

Open Interest

Detail
Current (08/11) 6,024
Calls: 4,829 (80%)
Puts: 1,195 (20%)
Prior (08/10) 6,408
Calls: 5,728 (89%)
Puts: 680 (11%)
Current vs Prior -5.99%
Prior 7-Day Total 60,854
Calls: 44,359 (73%)
Puts: 16,495 (27%)
Prior 7-Day Average 8,693
Calls: 6,337 (73%)
Puts: 2,356 (27%)
Current vs Prior 7-Day Avg -30.71%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/14) | Next (08/21)Expiry (08/21) | Next (09/18)
Current 3.17% | 5.01%5.01% | 10.84%
Prior 3.52% | 5.16%5.16% | 11.32%
Current vs Prior -10.10% | -2.79%-2.79% | -4.26%
Prior 7-Day Avg 3.68% | 5.28%6.49% | 12.24%
Current vs 7-Day Avg -13.89% | -5.00%-22.77% | -11.47%
Prior 7-Day Eod 3.52% | 5.16%5.16% | 11.32%
Current vs 7-Day Eod -10.10% | -2.79%-2.79% | -4.26%
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

Strong bullish conviction with 76% of dollar volume in calls ($278.6K) vs puts ($85.8K). P/C ratio dropping 68% - sentiment shifting bullish. Call-heavy open interest (4,829 calls vs 1,195 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 8.3%, best 8.3%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Sep 1834.5037.50$36.008.3%20.887

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. 9 found (avg delta 0.67, highest 0.92)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Aug 1423.1026.00$24.5511.8%20.92--
$200.00Sep 189.4012.50$10.9528.3%30.60993
$202.50Aug 214.206.80$5.5047.3%20.58--
$205.00Sep 115.709.50$7.6050.0%10.51--
$205.00Sep 45.009.00$7.0057.1%10.503
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Sep 1834.5037.50$36.008.3%20.887
$230.00Sep 1825.3028.20$26.7510.8%60.8132
$220.00Sep 1816.7019.90$18.3017.5%40.7329
$205.00Aug 284.808.00$6.4050.0%20.51--

Most actively traded options today. High liquidity = easy entry/exit. 40 active (total vol 414, top 193)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$215.00Sep 253.907.40$5.6561.9%1930.371
$210.00Sep 185.407.40$6.4031.2%540.421.1K
$205.00Aug 140.703.30$2.00130.0%150.4312
$210.00Aug 211.403.60$2.5088.0%70.33206
$220.00Sep 182.204.80$3.5074.3%70.27796
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Sep 185.307.10$6.2029.0%400.40412
$200.00Aug 140.501.30$0.9088.9%180.2585
$187.50Aug 280.003.20$1.60200.0%120.16--
$230.00Sep 1825.3028.20$26.7510.8%60.8132
$200.00Aug 210.403.00$1.70152.9%40.3037

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 3 strikes (avg 9.4%, max 19.8%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$210.00Aug 14Sep 1841.0%34.2%19.8%581.2K
$205.00Aug 14Sep 1135.2%33.7%4.7%1612
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$200.00Aug 14Sep 1832.1%31.0%3.6%58497

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 21 found (best R:R 30.91, avg 9.06)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$215.00$230.00Aug 21$0.47$14.53$0.4719%30.91$215.47
$205.00$207.50Aug 14$0.12$2.38$0.1243%19.83$205.12
$230.00$240.00Aug 21$0.11$9.89$0.119%89.91$230.11
$200.00$210.00Sep 18$4.55$5.45$4.5560%1.20$204.55
$215.00$230.00Sep 11$2.32$12.68$2.3232%5.47$217.32
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$205.00$202.50Aug 28$1.10$1.40$1.1051%1.27$203.90
$202.50$200.00Aug 14$0.65$1.85$0.6540%2.85$201.85
$220.00$200.00Sep 18$12.10$7.90$12.1073%0.65$207.90
$202.50$187.50Aug 28$3.70$11.30$3.7045%3.05$198.80
$200.00$195.00Sep 11$1.82$3.18$1.8239%1.75$198.18

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 16 found (best R:R 0.27, avg 0.33)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$212.50$215.00Aug 14$1.00$1.00$1.5078%0.67$213.50
$230.00$235.00Sep 11$0.90$0.90$4.1085%0.22$230.90
$207.50$210.00Aug 14$1.00$1.00$1.5066%0.67$208.50
$210.00$215.00Aug 21$1.35$1.35$3.6567%0.37$211.35
$217.50$220.00Aug 14$0.20$0.20$2.3087%0.09$217.70
BULL PUT (4)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$195.00$190.00Aug 14$1.05$1.05$3.9581%0.27$193.95
$200.00$195.00Sep 11$1.82$1.82$3.1861%0.57$198.18
$202.50$187.50Aug 28$3.70$3.70$11.3055%0.33$198.80
$202.50$200.00Aug 14$0.65$0.65$1.8560%0.35$201.85

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $2.48, cheapest $1.35)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$205.00Aug 14Aug 21$2.3335.2%34.3%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$205.00Aug 28Sep 11$1.3535.5%33.7%
$202.50Aug 14Aug 28$3.7529.3%34.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 3 found (cheapest 7.53% of stock, avg 8.88%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$205.00Sep 11$7.60$7.75$15.35$189.65$220.357.53%
$200.00Sep 18$10.95$6.20$17.15$182.85$217.158.41%
$220.00Sep 18$3.50$18.30$21.80$198.20$241.8010.69%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 31 found (cheapest 0.87% of stock, avg 2.30%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$210.00$200.00Aug 14$0.88$0.90$1.78$198.22$211.78
$217.50$200.00Aug 14$0.77$0.90$1.67$198.33$219.17
$217.50$195.00Aug 14$0.77$1.10$1.87$193.13$219.37
$210.00$195.00Aug 14$0.88$1.10$1.98$193.02$211.98
$212.50$200.00Aug 14$1.38$0.90$2.28$197.72$214.78
$212.50$195.00Aug 14$1.38$1.10$2.48$192.52$214.98
$240.00$200.00Aug 21$0.57$1.70$2.27$197.73$242.27
$210.00$202.50Aug 14$0.88$1.55$2.43$200.07$212.43
$230.00$200.00Aug 21$0.68$1.70$2.38$197.62$232.38
$207.50$200.00Aug 14$1.88$0.90$2.78$197.22$210.28

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 0.69, avg credit $1.78)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
190/195212/215Aug 14$2.05$2.9559%0.69$192.95$214.55
190/195218/220Aug 14$1.25$3.7568%0.33$193.75$218.75
190/195208/210Aug 14$2.05$2.9547%0.69$192.95$209.55

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 6 found (best R:R 9.42, cheapest $0.48)

CALLS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$205.00$210.00$215.00Aug 21$0.48$4.5230%9.42
$200.00$210.00$220.00Sep 18$1.65$8.3533%5.06
$212.50$215.00$217.50Aug 14$1.39$1.119%0.80
$207.50$210.00$212.50Aug 14$1.50$1.0012%0.67
PUTS (2)
LowMidHighExpiryDebitMax GainPOPR:R
$220.00$230.00$240.00Sep 18$0.80$9.2014%11.50
$195.00$200.00$205.00Sep 11$1.08$3.9222%3.63

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 25 found (best net $-0.50, 16 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$205.00$215.001:2Sep 11-$0.50$9.50
$200.00$210.001:2Sep 18-$1.85$8.15
$210.00$220.001:2Sep 18-$0.60$9.40
$215.00$230.001:2Aug 21-$0.21$14.79
$205.00$210.001:2Aug 21-$0.67$4.33
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$202.50$200.001:2Aug 14-$0.25$2.25
$200.00$195.001:2Sep 11-$1.21$3.79
$205.00$200.001:2Sep 11-$1.95$3.05
$200.00$195.001:2Aug 14-$1.30$3.70
$230.00$220.001:2Sep 18-$9.85$0.15

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 14 found (best yield 1.91%, avg 1.05%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$215.00Sep 25$3.900.375.5%1.91%7.36%1931
$210.00Sep 18$5.400.423.0%2.65%5.65%541.1K
$220.00Sep 18$2.200.277.9%1.08%8.98%7796
$205.00Sep 11$5.700.510.5%2.80%3.34%1--
$215.00Sep 11$2.100.325.5%1.03%6.48%1--
$205.00Sep 4$5.000.500.5%2.45%3.00%13
$210.00Aug 21$1.400.333.0%0.69%3.68%7206
$235.00Sep 11$0.400.0915.3%0.20%15.45%1--
$205.00Aug 21$2.450.490.5%1.20%1.75%526
$217.50Aug 14$0.150.136.7%0.07%6.75%1--

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 410
Total Puts 345
Put/Call Ratio 0.84
Net Difference 65

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 3,773
Total Puts 8,258
Average Put/Call Ratio 2.46
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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