Tour v526
BIIB
BIOGEN INC
$221.50 +0.19%
$221.20 (-0.14%)🌙
as of 08/27 06:13 PM
(8/26 18:14) ◀
|
Thursday, August 27, 2026 (6:13pm)
January 2026
|
▶ (8/28 18:13)
◀ 8/27 18:13 ▶

Option Volume

Detail
ℹ
Current (08/27) 241
Calls: 130 (54%)
Puts: 111 (46%)
Prior (08/26) 373
Calls: 312 (84%)
Puts: 61 (16%)
Current vs Prior -35.39%
Calls: -58.33% (Calls)
Puts: +81.97% (Puts)
Prior 7-Day Total 5,815
Calls: 3,955 (68%)
Puts: 1,860 (32%)
Prior 7-Day Average 830
Calls: 565 (68%)
Puts: 265 (32%)
Current vs Prior 7-Day Avg -70.99%
Calls: -76.99%
Puts: -58.23%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/27) $214.5K
Calls: $120.3K (56%)
Puts: $94.1K (44%)
Prior (08/26) $521.1K
Calls: $499.2K (96%)
Puts: $21.9K (4%)
Current vs Prior -58.84%
Calls: -75.90%
Puts: +329.58%
Prior 7-Day Total $7.26M
Calls: $6.26M (86%)
Puts: $999.0K (14%)
Prior 7-Day Average $1.04M
Calls: $894.4K (86%)
Puts: $142.7K (14%)
Current vs Prior 7-Day Avg -79.32%
Calls: -86.55%
Puts: -34.04%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/27) 0.85
Prior (08/26) 0.20
Current vs Prior +336.72%
Prior 7-Day Average 0.44
Current vs Prior 7-Day Avg +92.22%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/27) 4,079
Calls: 3,408 (84%)
Puts: 671 (16%)
Prior (08/26) 5,154
Calls: 4,489 (87%)
Puts: 665 (13%)
Current vs Prior -20.86%
Prior 7-Day Total 58,081
Calls: 47,096 (81%)
Puts: 10,985 (19%)
Prior 7-Day Average 8,297
Calls: 6,728 (81%)
Puts: 1,569 (19%)
Current vs Prior 7-Day Avg -50.84%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 2.39% | 4.45%6.75% | 11.69%
Prior 2.71% | 4.98%6.67% | 11.90%
Current vs Prior -11.54% | -10.63%+1.16% | -1.71%
Prior 7-Day Avg 3.19% | 5.07%3.84% | 10.48%
Current vs 7-Day Avg -24.94% | -12.34%+75.65% | +11.54%
Prior 7-Day Eod 2.71% | 4.98%6.67% | 11.90%
Current vs 7-Day Eod -11.54% | -10.63%+1.16% | -1.71%
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

Light premium activity with dollar volume down 59% vs prior. P/C ratio rising 337% - increased hedging/bearish positioning. Call-heavy open interest (3,408 calls vs 671 puts) suggests bullish positioning. Declining open interest (down 21%) indicates positions being closed.

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 BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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. 13 found (avg delta 0.81, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Aug 2819.6023.20$21.4016.8%50.99--
$205.00Aug 2814.6018.20$16.4022.0%50.94--
$210.00Aug 2810.0013.20$11.6027.6%10.91--
$207.50Sep 412.7015.90$14.3022.4%10.872
$200.00Sep 1821.0025.00$23.0017.4%10.86--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Aug 287.5010.50$9.0033.3%230.87--
$232.50Aug 289.4013.00$11.2032.1%230.85--

Most actively traded options today. High liquidity = easy entry/exit. 41 active (total vol 151, top 23)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Aug 280.152.80$1.48179.1%150.3264
$230.00Oct 23.906.40$5.1548.5%100.37--
$260.00Sep 180.001.50$0.75200.0%60.07--
$200.00Aug 2819.6023.20$21.4016.8%50.99--
$205.00Aug 2814.6018.20$16.4022.0%50.94--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Aug 287.5010.50$9.0033.3%230.87--
$232.50Aug 289.4013.00$11.2032.1%230.85--
$217.50Sep 112.354.70$3.5366.6%60.371
$205.00Sep 250.904.00$2.45126.5%40.207
$217.50Aug 280.001.80$0.90200.0%30.24--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 120.9%, max 143.0%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$215.00Aug 28Sep 1179.5%32.7%143.0%5151
$225.00Aug 28Sep 1163.9%32.2%98.8%17209
PUTS (0)
No puts found

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 15 found (best R:R 5.76, avg 4.07)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$215.00$225.00Aug 28$4.92$5.08$4.9278%1.03$219.92
$217.50$222.50Sep 11$2.25$2.75$2.2563%1.22$219.75
$225.00$227.50Aug 28$0.21$2.29$0.2132%10.90$225.21
$225.00$230.00Sep 11$1.53$3.47$1.5342%2.27$226.53
$240.00$250.00Sep 18$0.60$9.40$0.6014%15.67$240.60
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$217.50$207.50Sep 11$1.48$8.52$1.4837%5.76$216.02
$205.00$200.00Sep 25$0.62$4.38$0.6220%7.06$204.38
$220.00$217.50Sep 11$0.85$1.65$0.8544%1.94$219.15
$230.00$217.50Aug 28$8.10$4.40$8.1087%0.54$221.90
$195.00$190.00Oct 2$0.60$4.40$0.6013%7.33$194.40

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 10 found (best R:R 1.31, avg 0.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$222.50$225.00Sep 11$1.42$1.42$1.0851%1.31$223.92
$225.00$230.00Sep 4$1.40$1.40$3.6064%0.39$226.40
$222.50$225.00Sep 4$1.10$1.10$1.4054%0.79$223.60
$240.00$250.00Sep 18$0.60$0.60$9.4086%0.06$240.60
$225.00$230.00Sep 11$1.53$1.53$3.4758%0.44$226.53
BULL PUT (4)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$195.00$190.00Oct 2$0.60$0.60$4.4087%0.14$194.40
$220.00$217.50Sep 11$0.85$0.85$1.6556%0.52$219.15
$205.00$200.00Sep 25$0.62$0.62$4.3880%0.14$204.38
$217.50$207.50Sep 11$1.48$1.48$8.5263%0.17$216.02

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $1.56, cheapest $1.00)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$225.00Aug 28Sep 4$1.0063.9%31.7%
$222.50Sep 4Sep 11$2.1232.6%34.1%
PUTS (0)
No puts found

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 3 found (cheapest 5.18% of stock, avg 6.92%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$217.50Sep 11$7.95$3.53$11.48$206.02$228.985.18%
$210.00Sep 18$14.20$2.60$16.80$193.20$226.807.58%
$207.50Sep 11$15.70$2.05$17.75$189.75$225.258.01%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 30 found (cheapest 0.98% of stock, avg 2.34%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$227.50$217.50Aug 28$1.27$0.90$2.17$215.33$229.67
$225.00$217.50Aug 28$1.48$0.90$2.38$215.12$227.38
$227.50$185.00Aug 28$1.27$1.08$2.35$182.65$229.85
$227.50$180.00Aug 28$1.27$1.08$2.35$177.65$229.85
$225.00$185.00Aug 28$1.48$1.08$2.56$182.44$227.56
$225.00$180.00Aug 28$1.48$1.08$2.56$177.44$227.56
$250.00$210.00Sep 18$0.53$2.60$3.13$206.87$253.13
$260.00$210.00Sep 18$0.75$2.60$3.35$206.65$263.35
$240.00$210.00Sep 18$1.13$2.60$3.73$206.27$243.73
$250.00$207.50Sep 18$0.53$2.95$3.48$204.02$253.48

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

No iron condor setups found

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 5 found (best R:R 24.00, cheapest $0.20)

CALLS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$200.00$205.00$210.00Aug 28$0.20$4.808%24.00
$200.00$210.00$220.00Sep 18$2.05$7.9532%3.88
$240.00$250.00$260.00Sep 18$0.82$9.186%11.20
$225.00$230.00$235.00Sep 4$1.47$3.5320%2.40
PUTS (1)
LowMidHighExpiryDebitMax GainPOPR:R
$185.00$190.00$195.00Oct 2$0.78$4.224%5.41

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 $-0.70, 16 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$220.001:2Sep 18-$0.70$9.30
$210.00$215.001:2Aug 28-$1.20$3.80
$200.00$210.001:2Sep 18-$5.40$4.60
$207.50$215.001:2Sep 11-$3.40$4.10
$225.00$230.001:2Sep 11-$1.22$3.78
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$217.50$207.501:2Sep 11-$0.57$9.43
$217.50$185.001:2Aug 28-$1.26$31.24
$195.00$190.001:2Oct 2-$0.55$4.45
$205.00$200.001:2Sep 25-$1.21$3.79
$185.00$180.001:2Aug 28-$1.08$3.92

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 11 found (best yield 1.76%, avg 0.82%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Oct 2$3.900.373.8%1.76%5.60%10--
$230.00Sep 25$3.500.343.8%1.58%5.42%1--
$222.50Sep 11$4.000.490.5%1.81%2.26%110
$225.00Sep 11$2.750.421.6%1.24%2.82%2145
$230.00Sep 11$1.000.303.8%0.45%4.29%1--
$240.00Sep 18$0.500.148.3%0.23%8.58%3603
$222.50Sep 4$2.150.460.5%0.97%1.42%1--
$230.00Sep 4$0.650.203.8%0.29%4.13%22
$225.00Sep 4$1.050.361.6%0.47%2.05%130
$250.00Sep 18$0.300.0712.9%0.14%13.00%351

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 130
Total Puts 111
Put/Call Ratio 0.85
Net Difference 19

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 3,955
Total Puts 1,860
Average Put/Call Ratio 0.44
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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