Tour v526
BIIB
BIOGEN INC
$218.50 -1.35%
$216.89 (-0.74%)🌙
as of 08/28 06:13 PM
8/28 18:13

Option Volume

Detail
Current (08/28) 929
Calls: 510 (55%)
Puts: 419 (45%)
Prior (08/27) 241
Calls: 130 (54%)
Puts: 111 (46%)
Current vs Prior +285.48%
Calls: +292.31% (Calls)
Puts: +277.48% (Puts)
Prior 7-Day Total 5,528
Calls: 3,672 (66%)
Puts: 1,856 (34%)
Prior 7-Day Average 789
Calls: 524 (66%)
Puts: 265 (34%)
Current vs Prior 7-Day Avg +17.64%
Calls: -2.78%
Puts: +58.03%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/28) $752.5K
Calls: $596.9K (79%)
Puts: $155.5K (21%)
Prior (08/27) $214.5K
Calls: $120.3K (56%)
Puts: $94.1K (44%)
Current vs Prior +250.86%
Calls: +396.10%
Puts: +65.21%
Prior 7-Day Total $6.92M
Calls: $5.89M (85%)
Puts: $1.03M (15%)
Prior 7-Day Average $988.7K
Calls: $841.7K (85%)
Puts: $147.0K (15%)
Current vs Prior 7-Day Avg -23.89%
Calls: -29.08%
Puts: +5.77%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/28) 0.82
Prior (08/27) 0.85
Current vs Prior -3.78%
Prior 7-Day Average 0.53
Current vs Prior 7-Day Avg +56.09%
Sentiment NEUTRAL

Open Interest

Detail
Current (08/28) 7,976
Calls: 5,508 (69%)
Puts: 2,468 (31%)
Prior (08/27) 4,079
Calls: 3,408 (84%)
Puts: 671 (16%)
Current vs Prior +95.54%
Prior 7-Day Total 55,328
Calls: 45,642 (82%)
Puts: 9,686 (18%)
Prior 7-Day Average 7,904
Calls: 6,520 (83%)
Puts: 1,383 (17%)
Current vs Prior 7-Day Avg +0.91%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 1.52% | 4.10%6.57% | 11.62%
Prior 2.39% | 4.45%6.75% | 11.69%
Current vs Prior +71.19% | +24.53%-2.70% | -0.58%
Prior 7-Day Avg 3.04% | 4.95%4.32% | 10.67%
Current vs 7-Day Avg +34.57% | +11.87%+51.98% | +8.94%
Prior 7-Day Eod 2.39% | 4.45%6.75% | 11.69%
Current vs 7-Day Eod +71.19% | +24.53%-2.70% | -0.58%
Sentiment BEARISHBULLISH

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 79% of dollar volume in calls ($596.9K) vs puts ($155.5K). Massive premium surge with dollar volume up 251% vs prior. Unusually high activity with volume up 285% vs prior - elevated interest. Call-heavy open interest (5,508 calls vs 2,468 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 NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
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. 19 found (avg delta 0.72, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Aug 2816.6020.50$18.5521.0%100.88--
$195.00Sep 1823.0026.90$24.9515.6%10.87--
$205.00Aug 2811.6015.50$13.5528.8%10.85--
$200.00Sep 1818.4021.70$20.0516.5%90.85967
$207.50Aug 289.5012.40$10.9526.5%10.8410
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Aug 289.6013.40$11.5033.0%230.9523
$232.50Aug 2812.1015.90$14.0027.1%230.8423
$222.50Sep 187.2010.10$8.6533.5%10.58--
$220.00Sep 43.705.90$4.8045.8%10.54--
$220.00Sep 114.407.90$6.1556.9%30.54--

Most actively traded options today. High liquidity = easy entry/exit. 50 active (total vol 581, top 211)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Aug 280.001.10$0.55200.0%820.31129
$230.00Sep 40.002.60$1.30200.0%550.20--
$220.00Sep 41.605.10$3.35104.5%200.4629
$215.00Aug 281.555.50$3.53111.9%180.72136
$227.50Sep 40.001.80$0.90200.0%110.185
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Sep 180.401.30$0.85105.9%2110.08485
$230.00Aug 289.6013.40$11.5033.0%230.9523
$232.50Aug 2812.1015.90$14.0027.1%230.8423
$217.50Sep 41.004.50$2.75127.3%200.43--
$215.00Sep 40.104.30$2.20190.9%60.34--

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 1134.1%, max 2128.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$207.50Aug 28Sep 18727.6%32.6%2128.8%210
$210.00Aug 28Sep 18616.8%29.6%1983.0%121.0K
$215.00Aug 28Oct 2377.8%29.7%1173.8%19136
$217.50Aug 28Sep 11265.4%30.7%764.3%710
$220.00Aug 28Oct 2168.5%32.1%425.5%83129
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$210.00Aug 28Sep 4616.8%40.3%1429.8%238

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 22 found (best R:R 7.33, avg 4.90)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$220.00$225.00Sep 4$1.15$3.85$1.1546%3.35$221.15
$217.50$220.00Sep 4$0.80$1.70$0.8057%2.12$218.30
$220.00$225.00Sep 11$1.47$3.53$1.4746%2.40$221.47
$207.50$210.00Sep 18$1.55$0.95$1.5576%0.61$209.05
$215.00$220.00Oct 2$2.60$2.40$2.6059%0.92$217.60
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$215.00$210.00Sep 4$0.60$4.40$0.6034%7.33$214.40
$217.50$215.00Sep 4$0.55$1.95$0.5543%3.55$216.95
$190.00$180.00Sep 18$0.28$9.72$0.288%34.71$189.72
$205.00$202.50Sep 18$0.27$2.23$0.2720%8.26$204.73
$202.50$200.00Sep 18$0.25$2.25$0.2517%9.00$202.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 15 found (best R:R 1.08, avg 0.31)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$225.00$227.50Sep 4$1.30$1.30$1.2069%1.08$226.30
$222.50$225.00Aug 28$0.82$0.82$1.6875%0.49$223.32
$220.00$235.00Sep 18$4.30$4.30$10.7052%0.40$224.30
$230.00$232.50Sep 4$0.47$0.47$2.0380%0.23$230.47
$232.50$235.00Sep 4$0.26$0.26$2.2486%0.12$232.76
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$215.00$195.00Oct 2$4.55$4.55$15.4559%0.29$210.45
$217.50$205.00Sep 18$3.80$3.80$8.7054%0.44$213.70
$195.00$190.00Sep 18$0.58$0.58$4.4288%0.13$194.42
$202.50$200.00Sep 18$0.25$0.25$2.2583%0.11$202.25
$205.00$202.50Sep 18$0.27$0.27$2.2380%0.12$204.73

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $2.48, cheapest $2.67)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$217.50Aug 28Sep 4$2.67265.4%27.8%
$220.00Aug 28Sep 4$2.80168.5%32.7%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$220.00Sep 4Sep 11$1.3532.7%31.3%
$217.50Sep 4Sep 18$3.1027.8%30.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 8 found (cheapest 2.11% of stock, avg 4.96%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$215.00Aug 28$3.53$1.08$4.61$210.39$219.612.11%
$217.50Sep 4$4.15$2.75$6.90$210.60$224.403.16%
$220.00Sep 4$3.35$4.80$8.15$211.85$228.153.73%
$215.00Sep 4$6.05$2.20$8.25$206.75$223.253.78%
$210.00Aug 28$8.50$1.08$9.58$200.42$219.584.38%
$220.00Sep 11$4.55$6.15$10.70$209.30$230.704.90%
$215.00Oct 2$10.60$6.25$16.85$198.15$231.857.71%
$200.00Sep 18$20.05$1.53$21.58$178.42$221.589.88%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 33 found (cheapest 0.75% of stock, avg 2.19%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$220.00$215.00Aug 28$0.55$1.08$1.63$213.37$221.63
$220.00$212.50Aug 28$0.55$1.10$1.65$210.85$221.65
$220.00$210.00Aug 28$0.55$1.08$1.63$208.37$221.63
$222.50$215.00Aug 28$0.85$1.08$1.93$213.07$224.43
$222.50$212.50Aug 28$0.85$1.10$1.95$210.55$224.45
$222.50$210.00Aug 28$0.85$1.08$1.93$208.07$224.43
$227.50$210.00Sep 4$0.90$1.60$2.50$207.50$230.00
$232.50$210.00Sep 4$0.83$1.60$2.43$207.57$234.93
$230.00$210.00Sep 4$1.30$1.60$2.90$207.10$232.90
$235.00$200.00Sep 18$1.80$1.53$3.33$196.67$238.33

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 0.61, avg credit $1.28)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
210/215225/228Sep 4$1.90$3.1036%0.61$213.10$226.90
210/215232/235Sep 4$0.86$4.1452%0.21$214.14$233.36
210/215230/232Sep 4$1.07$3.9347%0.27$213.93$231.07

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 8 found (best R:R 10.90, cheapest $0.15)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$230.00$232.50$235.00Sep 4$0.21$2.299%10.90
$205.00$207.50$210.00Aug 28$0.15$2.354%15.67
$215.00$217.50$220.00Aug 28$1.12$1.3842%1.23
$217.50$220.00$222.50Aug 28$1.23$1.2735%1.03
$215.00$217.50$220.00Sep 4$1.10$1.4020%1.27
PUTS (2)
LowMidHighExpiryDebitMax GainPOPR:R
$197.50$200.00$202.50Sep 18$0.22$2.284%10.36
$215.00$217.50$220.00Sep 4$1.50$1.0020%0.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 29 found (best net $-1.05, 19 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$220.00$225.001:2Sep 4-$1.05$3.95
$220.00$225.001:2Sep 11-$1.61$3.39
$230.00$232.501:2Sep 4-$0.36$2.14
$232.50$235.001:2Sep 4-$0.31$2.19
$220.00$222.501:2Aug 28-$1.15$1.35
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$220.00$217.501:2Sep 4-$0.70$1.80
$215.00$210.001:2Sep 4-$1.00$4.00
$190.00$180.001:2Sep 18-$0.29$9.71
$195.00$190.001:2Sep 18-$0.27$4.73
$222.50$217.501:2Sep 18-$3.05$1.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 2.79%, avg 1.07%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$220.00Oct 2$6.100.490.7%2.79%3.48%1--
$220.00Sep 18$4.400.480.7%2.01%2.70%4--
$230.00Sep 25$1.150.295.3%0.53%5.79%224
$225.00Sep 11$1.750.343.0%0.80%3.78%1145
$220.00Sep 11$2.600.460.7%1.19%1.88%217
$235.00Sep 18$0.100.197.5%0.05%7.60%2--
$225.00Sep 4$1.000.313.0%0.46%3.43%430
$220.00Sep 4$1.600.460.7%0.73%1.42%2029

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 510
Total Puts 419
Put/Call Ratio 0.82
Net Difference 91

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 3,672
Total Puts 1,856
Average Put/Call Ratio 0.53
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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