Tour v526
BIIB
BIOGEN INC
$220.77 +1.21%
$220.58 (-0.08%)🌙
as of 08/25 06:14 PM
(8/21 18:14) ◀
|
Tuesday, August 25, 2026 (6:14pm)
January 2026
|
▶ (8/26 18:14)
◀ 8/25 18:14 ▶

Option Volume

Detail
ℹ
Current (08/25) 878
Calls: 629 (72%)
Puts: 249 (28%)
Prior (08/21) 1,007
Calls: 622 (62%)
Puts: 385 (38%)
Current vs Prior -12.81%
Calls: +1.13% (Calls)
Puts: -35.32% (Puts)
Prior 7-Day Total 7,648
Calls: 4,697 (61%)
Puts: 2,951 (39%)
Prior 7-Day Average 1,092
Calls: 671 (61%)
Puts: 421 (39%)
Current vs Prior 7-Day Avg -19.64%
Calls: -6.26%
Puts: -40.94%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/25) $1.52M
Calls: $1.42M (93%)
Puts: $100.2K (7%)
Prior (08/21) $576.3K
Calls: $496.6K (86%)
Puts: $79.7K (14%)
Current vs Prior +163.01%
Calls: +185.02%
Puts: +25.80%
Prior 7-Day Total $9.18M
Calls: $8.16M (89%)
Puts: $1.02M (11%)
Prior 7-Day Average $1.31M
Calls: $1.17M (89%)
Puts: $145.6K (11%)
Current vs Prior 7-Day Avg +15.56%
Calls: +21.40%
Puts: -31.16%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/25) 0.40
Prior (08/21) 0.62
Current vs Prior -36.04%
Prior 7-Day Average 0.66
Current vs Prior 7-Day Avg -39.97%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/25) 7,886
Calls: 6,579 (83%)
Puts: 1,307 (17%)
Prior (08/21) 7,426
Calls: 5,932 (80%)
Puts: 1,494 (20%)
Current vs Prior +6.19%
Prior 7-Day Total 64,154
Calls: 50,623 (79%)
Puts: 13,531 (21%)
Prior 7-Day Average 9,164
Calls: 7,231 (79%)
Puts: 1,933 (21%)
Current vs Prior 7-Day Avg -13.95%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 3.45% | 4.76%6.70% | 11.96%
Prior 4.22% | 5.37%1.58% | 9.43%
Current vs Prior -18.33% | -11.50%+323.70% | +26.76%
Prior 7-Day Avg 3.20% | 5.06%3.09% | 10.09%
Current vs 7-Day Avg +7.61% | -5.93%+117.13% | +18.53%
Prior 7-Day Eod 4.22% | 5.37%1.58% | 9.43%
Current vs 7-Day Eod -18.33% | -11.50%+323.70% | +26.76%
Sentiment BULLISHBEARISH

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

Strong bullish conviction with 93% of dollar volume in calls ($1.42M) vs puts ($100.2K). Massive premium surge with dollar volume up 163% vs prior. Extreme bullish P/C ratio of 0.40 - heavy call buying (629 calls vs 249 puts). P/C ratio dropping 36% - sentiment shifting bullish.

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 BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
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 -- 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 0.69, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Aug 2819.2023.00$21.1018.0%20.99--
$210.00Aug 289.8012.80$11.3026.5%10.8614
$212.50Aug 287.1010.20$8.6535.8%50.796
$215.00Aug 285.008.40$6.7050.7%60.75141
$210.00Sep 1812.4015.70$14.0523.5%10.75--
PUTS (0)
No puts meet the criteria

Most actively traded options today. High liquidity = easy entry/exit. 46 active (total vol 526, top 93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Aug 280.201.70$0.95157.9%930.2725
$232.50Aug 280.100.60$0.35142.9%470.091
$230.00Aug 280.300.75$0.5384.9%420.1414
$237.50Sep 180.003.70$1.85200.0%300.19--
$220.00Aug 281.855.50$3.6899.2%270.57131
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Sep 180.401.00$0.7085.7%910.07458
$195.00Oct 20.002.45$1.23199.2%170.101
$200.00Oct 21.402.75$2.0864.9%170.163
$210.00Sep 180.554.90$2.73159.3%160.25184
$217.50Aug 280.202.30$1.25168.0%80.29--

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 45.4%, max 65.7%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$215.00Aug 28Sep 449.1%29.6%65.7%8153
$227.50Aug 28Sep 1147.5%33.1%43.4%915
$220.00Aug 28Oct 237.8%29.8%27.0%30131
PUTS (0)
No puts found

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 23 found (best R:R 2.85, avg 4.52)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$225.00$230.00Oct 2$1.30$3.70$1.3046%2.85$226.30
$220.00$222.50Sep 18$0.80$1.70$0.8053%2.13$220.80
$215.00$220.00Aug 28$3.02$1.98$3.0275%0.66$218.02
$240.00$245.00Sep 18$0.45$4.55$0.4518%10.11$240.45
$220.00$225.00Sep 4$1.90$3.10$1.9053%1.63$221.90
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$197.50$190.00Sep 18$0.35$7.15$0.3510%20.43$197.15
$220.00$210.00Sep 18$3.17$6.83$3.1747%2.15$216.83
$212.50$210.00Aug 28$0.55$1.95$0.5521%3.55$211.95
$200.00$195.00Oct 2$0.85$4.15$0.8516%4.88$199.15
$210.00$200.00Sep 18$1.85$8.15$1.8525%4.41$208.15

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 16 found (best R:R 0.23, avg 0.37)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$227.50$230.00Aug 28$0.92$0.92$1.5874%0.58$228.42
$222.50$225.00Aug 28$1.33$1.33$1.1756%1.14$223.83
$245.00$260.00Sep 18$1.07$1.07$13.9386%0.08$246.07
$227.50$230.00Sep 11$1.05$1.05$1.4566%0.72$228.55
$225.00$230.00Sep 25$2.05$2.05$2.9556%0.69$227.05
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$210.00$200.00Sep 18$1.85$1.85$8.1575%0.23$208.15
$200.00$195.00Oct 2$0.85$0.85$4.1584%0.20$199.15
$212.50$210.00Aug 28$0.55$0.55$1.9579%0.28$211.95
$220.00$210.00Sep 18$3.17$3.17$6.8353%0.46$216.83
$197.50$190.00Sep 18$0.35$0.35$7.1590%0.05$197.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $2.59, cheapest $1.17)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$220.00Aug 28Sep 4$1.1737.8%29.9%
$222.50Aug 28Sep 18$4.0236.5%31.7%
PUTS (0)
No puts found

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 4 found (cheapest 4.53% of stock, avg 5.88%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$212.50Aug 28$8.65$1.35$10.00$202.50$222.504.53%
$210.00Aug 28$11.30$0.80$12.10$197.90$222.105.48%
$220.00Sep 18$7.10$5.90$13.00$207.00$233.005.89%
$210.00Sep 18$14.05$2.73$16.78$193.22$226.787.60%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 52 found (cheapest 0.60% of stock, avg 1.98%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$230.00$210.00Aug 28$0.53$0.80$1.33$208.67$231.33
$235.00$210.00Aug 28$0.50$0.80$1.30$208.70$236.30
$235.00$185.00Aug 28$0.50$1.08$1.58$183.42$236.58
$230.00$185.00Aug 28$0.53$1.08$1.61$183.39$231.61
$225.00$210.00Aug 28$0.95$0.80$1.75$208.25$226.75
$230.00$212.50Aug 28$0.53$1.35$1.88$210.62$231.88
$235.00$212.50Aug 28$0.50$1.35$1.85$210.65$236.85
$230.00$217.50Aug 28$0.53$1.25$1.78$215.72$231.78
$235.00$217.50Aug 28$0.50$1.25$1.75$215.75$236.75
$225.00$217.50Aug 28$0.95$1.25$2.20$215.30$227.20

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 found (best R:R 1.43, avg credit $1.78)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
210/212228/230Aug 28$1.47$1.0353%1.43$211.03$228.97
210/212235/238Aug 28$0.75$1.7569%0.43$211.75$235.75
210/212230/232Aug 28$0.73$1.7766%0.41$211.77$230.73
190/198230/238Sep 18$2.05$5.4558%0.38$195.45$232.05
190/198240/245Sep 18$0.80$6.7071%0.12$196.70$240.80
200/210240/245Sep 18$2.30$7.7057%0.30$207.70$242.30
200/210230/238Sep 18$3.55$6.4543%0.55$206.45$233.55
190/198245/260Sep 18$1.42$13.5876%0.10$196.08$246.42
200/210245/260Sep 18$2.92$12.0861%0.24$207.08$247.92

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 11 found (best R:R 6.58, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$220.00$222.50$225.00Aug 28$0.07$2.4330%34.71
$222.50$230.00$237.50Sep 18$1.05$6.4528%6.14
$220.00$225.00$230.00Sep 25$0.60$4.4020%7.33
$235.00$237.50$240.00Aug 28$0.18$2.324%12.89
$230.00$232.50$235.00Aug 28$0.33$2.173%6.58
PUTS (1)
LowMidHighExpiryDebitMax GainPOPR:R
$200.00$210.00$220.00Sep 18$1.32$8.6837%6.58

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 32 found (best net $-1.50, 27 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$200.00$210.001:2Aug 28-$1.50$8.50
$210.00$220.001:2Sep 18-$0.15$9.85
$215.00$220.001:2Aug 28-$0.66$4.34
$222.50$230.001:2Sep 18-$0.80$6.70
$215.00$220.001:2Sep 4-$1.55$3.45
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$185.001:2Aug 28-$1.36$23.64
$200.00$195.001:2Oct 2-$0.38$4.62
$197.50$190.001:2Sep 18-$0.35$7.15
$212.50$210.001:2Aug 28-$0.25$2.25
$217.50$212.501:2Aug 28-$1.45$3.55

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 14 found (best yield 2.04%, avg 0.97%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Oct 2$4.500.384.2%2.04%6.22%10--
$225.00Oct 2$5.300.461.9%2.40%4.32%2--
$225.00Sep 25$4.500.441.9%2.04%3.95%5--
$230.00Sep 25$2.500.354.2%1.13%5.31%623
$222.50Sep 18$4.500.480.8%2.04%2.82%3--
$230.00Sep 18$2.000.324.2%0.91%5.09%8599
$240.00Sep 18$1.250.188.7%0.57%9.28%7578
$225.00Sep 4$2.200.371.9%1.00%2.91%128
$227.50Sep 11$1.400.343.0%0.63%3.68%6--
$230.00Sep 11$0.600.274.2%0.27%4.45%4--

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 629
Total Puts 249
Put/Call Ratio 0.40
Net Difference 380

Prior's Put/Call Breakdown

Total Calls 622
Total Puts 385
Put/Call Ratio 0.62
Net Difference 237

Prior 7-Day Put/Call Summary

Total Calls 4,697
Total Puts 2,951
Average Put/Call Ratio 0.66
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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