Tour v526
BIIB
BIOGEN INC
$221.07 +0.14%
$219.93 (-0.52%)🌙
as of 08/26 06:14 PM
(8/25 18:14) ◀
|
Wednesday, August 26, 2026 (6:14pm)
January 2026
|
▶ (8/27 18:13)
◀ 8/26 18:14 ▶

Option Volume

Detail
ℹ
Current (08/26) 373
Calls: 312 (84%)
Puts: 61 (16%)
Prior (08/25) 878
Calls: 629 (72%)
Puts: 249 (28%)
Current vs Prior -57.52%
Calls: -50.40% (Calls)
Puts: -75.50% (Puts)
Prior 7-Day Total 7,427
Calls: 4,887 (66%)
Puts: 2,540 (34%)
Prior 7-Day Average 1,061
Calls: 698 (66%)
Puts: 362 (34%)
Current vs Prior 7-Day Avg -64.84%
Calls: -55.31%
Puts: -83.19%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/26) $521.1K
Calls: $499.2K (96%)
Puts: $21.9K (4%)
Prior (08/25) $1.52M
Calls: $1.42M (93%)
Puts: $100.2K (7%)
Current vs Prior -65.62%
Calls: -64.73%
Puts: -78.13%
Prior 7-Day Total $9.90M
Calls: $8.89M (90%)
Puts: $1.01M (10%)
Prior 7-Day Average $1.41M
Calls: $1.27M (90%)
Puts: $144.7K (10%)
Current vs Prior 7-Day Avg -63.17%
Calls: -60.70%
Puts: -84.85%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/26) 0.20
Prior (08/25) 0.40
Current vs Prior -50.61%
Prior 7-Day Average 0.50
Current vs Prior 7-Day Avg -61.00%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/26) 5,154
Calls: 4,489 (87%)
Puts: 665 (13%)
Prior (08/25) 7,886
Calls: 6,579 (83%)
Puts: 1,307 (17%)
Current vs Prior -34.64%
Prior 7-Day Total 62,256
Calls: 49,518 (80%)
Puts: 12,738 (20%)
Prior 7-Day Average 8,893
Calls: 7,074 (80%)
Puts: 1,819 (20%)
Current vs Prior 7-Day Avg -42.05%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 2.71% | 4.98%6.67% | 11.90%
Prior 3.45% | 4.76%6.70% | 11.96%
Current vs Prior -21.53% | +4.62%-0.47% | -0.51%
Prior 7-Day Avg 3.32% | 5.10%3.41% | 10.29%
Current vs 7-Day Avg -18.62% | -2.49%+95.53% | +15.64%
Prior 7-Day Eod 3.45% | 4.76%6.70% | 11.96%
Current vs 7-Day Eod -21.53% | +4.62%-0.47% | -0.51%
Sentiment BULLISHBULLISH

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 96% of dollar volume in calls ($499.2K) vs puts ($21.9K). Light premium activity with dollar volume down 66% vs prior. Below-average activity with volume down 58% vs prior. Extreme bullish P/C ratio of 0.20 - heavy call buying (312 calls vs 61 puts).

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 2 of results (avg 8.6%, best 7.4%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Sep 2540.2043.30$41.757.4%10.93--
$180.00Aug 2839.2043.20$41.209.7%10.941
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. 11 found (avg delta 0.82, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Sep 1830.3034.20$32.2512.1%60.9579
$180.00Aug 2839.2043.20$41.209.7%10.941
$195.00Aug 2824.3028.20$26.2514.9%10.931
$195.00Sep 1825.4029.40$27.4014.6%10.93--
$180.00Sep 2540.2043.30$41.757.4%10.93--
PUTS (0)
No puts meet the criteria

Most actively traded options today. High liquidity = easy entry/exit. 32 active (total vol 223, top 97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Sep 1813.0016.40$14.7023.1%970.76--
$235.00Sep 180.103.90$2.00190.0%230.221
$240.00Sep 180.951.75$1.3559.3%220.15582
$200.00Sep 1820.8024.80$22.8017.5%130.89967
$222.50Sep 113.407.20$5.3071.7%100.48--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Aug 280.503.60$2.05151.2%80.44--
$200.00Aug 280.000.10$0.05200.0%40.01--
$205.00Sep 252.204.20$3.2062.5%30.224
$205.00Aug 280.001.00$0.50200.0%20.0914
$220.00Sep 42.055.90$3.9896.7%20.43--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 1 strikes (avg 11.4%, max 11.4%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$220.00Aug 28Sep 438.9%34.9%11.4%7157
PUTS (0)
No puts found

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 14 found (best R:R 18.84, avg 5.90)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$235.00$240.00Sep 18$0.65$4.35$0.6522%6.69$235.65
$217.50$220.00Aug 28$1.50$1.00$1.5072%0.67$219.00
$225.00$227.50Aug 28$0.28$2.22$0.2824%7.93$225.28
$222.50$225.00Sep 11$1.05$1.45$1.0548%1.38$223.55
$225.00$230.00Sep 11$1.62$3.38$1.6242%2.09$226.62
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$217.50$205.00Aug 28$0.63$11.87$0.6328%18.84$216.87
$207.50$202.50Sep 18$0.42$4.58$0.4220%10.90$207.08
$217.50$215.00Sep 11$0.72$1.78$0.7238%2.47$216.78
$220.00$217.50Aug 28$0.92$1.58$0.9244%1.72$219.08
$220.00$217.50Sep 11$1.15$1.35$1.1545%1.17$218.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 11 found (best R:R 0.06, avg 0.33)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$240.00$260.00Sep 18$1.15$1.15$18.8585%0.06$241.15
$225.00$230.00Sep 11$1.62$1.62$3.3858%0.48$226.62
$222.50$225.00Sep 11$1.05$1.05$1.4552%0.72$223.55
$225.00$227.50Aug 28$0.28$0.28$2.2276%0.13$225.28
$235.00$240.00Sep 18$0.65$0.65$4.3578%0.15$235.65
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$205.00$200.00Aug 28$0.45$0.45$4.5591%0.10$204.55
$220.00$217.50Sep 11$1.15$1.15$1.3555%0.85$218.85
$220.00$217.50Aug 28$0.92$0.92$1.5856%0.58$219.08
$217.50$215.00Sep 11$0.72$0.72$1.7862%0.40$216.78
$207.50$202.50Sep 18$0.42$0.42$4.5880%0.09$207.08

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $2.44, cheapest $1.93)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$220.00Aug 28Sep 4$2.9538.9%34.9%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$220.00Aug 28Sep 4$1.9338.9%34.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 3 found (cheapest 2.28% of stock, avg 3.11%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$220.00Aug 28$3.00$2.05$5.05$214.95$225.052.28%
$217.50Aug 28$4.50$1.13$5.63$211.87$223.132.55%
$220.00Sep 4$5.95$3.98$9.93$210.07$229.934.49%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 20 found (cheapest 0.46% of stock, avg 2.39%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$227.50$205.00Aug 28$0.52$0.50$1.02$203.98$228.52
$225.00$205.00Aug 28$0.80$0.50$1.30$203.70$226.30
$227.50$217.50Aug 28$0.52$1.13$1.65$215.85$229.15
$225.00$217.50Aug 28$0.80$1.13$1.93$215.57$226.93
$240.00$202.50Sep 18$1.35$1.65$3.00$199.50$243.00
$225.00$220.00Aug 28$0.80$2.05$2.85$217.15$227.85
$227.50$220.00Aug 28$0.52$2.05$2.57$217.43$230.07
$240.00$207.50Sep 18$1.35$2.07$3.42$204.08$243.42
$235.00$202.50Sep 18$2.00$1.65$3.65$198.85$238.65
$235.00$207.50Sep 18$2.00$2.07$4.07$203.43$239.07

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 4 found (best R:R 0.17, avg credit $1.07)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
200/205225/228Aug 28$0.73$4.2767%0.17$204.27$225.73
202/208235/240Sep 18$1.07$3.9358%0.27$206.43$236.07
202/208240/260Sep 18$1.57$18.4364%0.09$205.93$241.57
205/218225/228Aug 28$0.91$11.5947%0.08$216.59$225.91

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 2 found (best R:R 19.00, cheapest $0.25)

CALLS (1)
LowMidHighExpiryDebitMax GainPOPR:R
$190.00$195.00$200.00Sep 18$0.25$4.755%19.00
PUTS (1)
LowMidHighExpiryDebitMax GainPOPR:R
$215.00$217.50$220.00Sep 11$0.43$2.0713%4.81

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 16 found (best net $-11.30, 9 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$180.00$195.001:2Aug 28-$11.30$3.70
$200.00$210.001:2Sep 18-$6.60$3.40
$225.00$230.001:2Sep 11-$1.01$3.99
$225.00$227.501:2Aug 28-$0.24$2.26
$217.50$220.001:2Aug 28-$1.50$1.00
PUTS (4)
Buy KSell KRatioExpiryNetMax Gain
$220.00$217.501:2Aug 28-$0.21$2.29
$207.50$202.501:2Sep 18-$1.23$3.77
$217.50$205.001:2Aug 28$0.13$12.37
$205.00$200.001:2Aug 28$0.40$4.60

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 9 found (best yield 0.66%, avg 0.59%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$245.00Oct 2$1.450.1710.8%0.66%11.48%1--
$225.00Sep 11$3.100.411.8%1.40%3.18%1--
$222.50Sep 11$3.400.480.7%1.54%2.18%10--
$240.00Sep 18$0.950.158.6%0.43%8.99%22582
$235.00Sep 18$0.100.226.3%0.05%6.35%231
$230.00Sep 11$0.550.294.0%0.25%4.29%1--
$225.00Sep 4$1.450.381.8%0.66%2.43%1--
$227.50Aug 28$0.350.162.9%0.16%3.07%2--
$225.00Aug 28$0.300.241.8%0.14%1.91%3--

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 312
Total Puts 61
Put/Call Ratio 0.20
Net Difference 251

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 4,887
Total Puts 2,540
Average Put/Call Ratio 0.50
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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