Tour v526
BIIB
BIOGEN INC
$216.65 -0.85%
$219.00 (+1.08%)🌙
as of 08/31 06:13 PM
(8/28 18:13) ◀
|
Monday, August 31, 2026 (6:13pm)
January 2026
|
▶ (9/1 18:14)
◀ 8/31 18:13 ▶

Option Volume

Detail
ℹ
Current (08/31) 501
Calls: 242 (48%)
Puts: 259 (52%)
Prior (08/28) 929
Calls: 510 (55%)
Puts: 419 (45%)
Current vs Prior -46.07%
Calls: -52.55% (Calls)
Puts: -38.19% (Puts)
Prior 7-Day Total 5,646
Calls: 3,591 (64%)
Puts: 2,055 (36%)
Prior 7-Day Average 806
Calls: 513 (64%)
Puts: 293 (36%)
Current vs Prior 7-Day Avg -37.89%
Calls: -52.83%
Puts: -11.78%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/31) $298.4K
Calls: $248.0K (83%)
Puts: $50.3K (17%)
Prior (08/28) $752.5K
Calls: $596.9K (79%)
Puts: $155.5K (21%)
Current vs Prior -60.35%
Calls: -58.45%
Puts: -67.65%
Prior 7-Day Total $5.70M
Calls: $4.65M (82%)
Puts: $1.05M (18%)
Prior 7-Day Average $814.9K
Calls: $664.6K (82%)
Puts: $150.3K (18%)
Current vs Prior 7-Day Avg -63.39%
Calls: -62.68%
Puts: -66.52%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/31) 1.07
Prior (08/28) 0.82
Current vs Prior +30.27%
Prior 7-Day Average 0.59
Current vs Prior 7-Day Avg +81.22%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/31) 3,359
Calls: 2,530 (75%)
Puts: 829 (25%)
Prior (08/28) 7,976
Calls: 5,508 (69%)
Puts: 2,468 (31%)
Current vs Prior -57.89%
Prior 7-Day Total 53,865
Calls: 43,705 (81%)
Puts: 10,160 (19%)
Prior 7-Day Average 7,695
Calls: 6,243 (81%)
Puts: 1,451 (19%)
Current vs Prior 7-Day Avg -56.35%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 3.77% | 4.89%6.21% | 11.40%
Prior 4.10% | 5.54%6.57% | 11.62%
Current vs Prior -8.05% | -11.65%-5.47% | -1.93%
Prior 7-Day Avg 3.19% | 4.96%4.82% | 10.88%
Current vs 7-Day Avg +18.19% | -1.39%+28.88% | +4.79%
Prior 7-Day Eod 4.10% | 5.54%6.57% | 11.62%
Current vs 7-Day Eod -8.05% | -11.65%-5.47% | -1.93%
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 83% of dollar volume in calls ($248.0K) vs puts ($50.3K). Light premium activity with dollar volume down 60% vs prior. Below-average activity with volume down 46% vs prior. Slightly bearish P/C ratio of 1.07.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall MIXED
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 1 of results (avg 9.5%, best 9.5%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Sep 1822.0024.20$23.109.5%20.89211
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. 6 found (avg delta 0.67, highest 0.89)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Sep 1822.0024.20$23.109.5%20.89211
$210.00Sep 1810.0012.20$11.1019.8%10.691.0K
$215.00Sep 42.556.50$4.5387.2%40.6115
$215.00Sep 113.907.70$5.8065.5%10.59--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Sep 43.406.70$5.0565.3%10.67--
$220.00Sep 186.009.10$7.5541.1%10.5752

Most actively traded options today. High liquidity = easy entry/exit. 30 active (total vol 327, top 100)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$222.50Sep 110.404.70$2.55168.6%170.34--
$222.50Sep 40.001.85$0.93198.9%120.215
$225.00Sep 40.502.20$1.35125.9%100.2234
$220.00Sep 40.353.40$1.88162.2%90.3344
$217.50Sep 40.753.70$2.23132.3%80.439
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Sep 180.001.30$0.65200.0%1000.07567
$210.00Sep 40.003.10$1.55200.0%490.26--
$212.50Sep 40.051.90$0.98188.8%480.27--
$212.50Sep 110.454.60$2.53164.0%130.332
$210.00Sep 111.152.95$2.0587.8%120.26--

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 19.0%, max 19.3%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$220.00Sep 4Oct 238.9%32.8%18.7%1144
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$220.00Sep 4Sep 1838.9%32.6%19.3%252

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 17 found (best R:R 6.14, avg 5.80)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$217.50$220.00Sep 4$0.35$2.15$0.3543%6.14$217.85
$215.00$220.00Sep 11$2.08$2.92$2.0859%1.40$217.08
$220.00$235.00Oct 2$4.42$10.58$4.4246%2.39$224.42
$220.00$222.50Sep 11$1.17$1.33$1.1743%1.14$221.17
$210.00$220.00Sep 18$6.25$3.75$6.2569%0.60$216.25
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$212.50$210.00Sep 11$0.48$2.02$0.4832%4.21$212.02
$215.00$212.50Sep 4$0.55$1.95$0.5541%3.55$214.45
$210.00$190.00Sep 4$1.17$18.83$1.1726%16.09$208.83
$217.50$215.00Sep 11$1.05$1.45$1.0550%1.38$216.45
$190.00$185.00Sep 4$0.13$4.87$0.135%37.46$189.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 13 found (best R:R 0.26, avg 0.36)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$220.00$240.00Sep 18$4.10$4.10$15.9056%0.26$224.10
$225.00$230.00Sep 4$1.07$1.07$3.9378%0.27$226.07
$220.00$235.00Sep 25$4.47$4.47$10.5355%0.42$224.47
$220.00$222.50Sep 4$0.95$0.95$1.5567%0.61$220.95
$220.00$222.50Sep 11$1.17$1.17$1.3357%0.88$221.17
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$210.00$195.00Sep 11$1.60$1.60$13.4074%0.12$208.40
$215.00$212.50Sep 11$1.22$1.22$1.2859%0.95$213.78
$190.00$185.00Sep 4$0.13$0.13$4.8795%0.03$189.87
$210.00$190.00Sep 4$1.17$1.17$18.8374%0.06$208.83
$215.00$212.50Sep 4$0.55$0.55$1.9559%0.28$214.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.96, cheapest $1.84)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$220.00Sep 4Sep 11$1.8438.9%32.3%
$215.00Sep 4Sep 11$1.2722.4%32.8%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$220.00Sep 4Sep 18$2.5038.9%32.6%
$215.00Sep 4Sep 11$2.2222.4%32.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 4 found (cheapest 2.80% of stock, avg 4.03%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$215.00Sep 4$4.53$1.53$6.06$208.94$221.062.80%
$220.00Sep 4$1.88$5.05$6.93$213.07$226.933.20%
$215.00Sep 11$5.80$3.75$9.55$205.45$224.554.41%
$220.00Sep 18$4.85$7.55$12.40$207.60$232.405.72%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 27 found (cheapest 0.65% of stock, avg 1.81%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$240.00$190.00Sep 18$0.75$0.65$1.40$188.60$241.40
$230.00$212.50Sep 4$0.28$0.98$1.26$211.24$231.26
$222.50$212.50Sep 4$0.93$0.98$1.91$210.59$224.41
$230.00$210.00Sep 4$0.28$1.55$1.83$208.17$231.83
$225.00$212.50Sep 4$1.35$0.98$2.33$210.17$227.33
$222.50$210.00Sep 4$0.93$1.55$2.48$207.52$224.98
$230.00$215.00Sep 4$0.28$1.53$1.81$213.19$231.81
$225.00$210.00Sep 4$1.35$1.55$2.90$207.10$227.90
$220.00$212.50Sep 4$1.88$0.98$2.86$209.64$222.86
$222.50$215.00Sep 4$0.93$1.53$2.46$212.54$224.96

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 4 found (best R:R 0.32, avg credit $1.66)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
185/190225/230Sep 4$1.20$3.8073%0.32$188.80$226.20
185/190220/222Sep 4$1.08$3.9262%0.28$188.92$221.08
190/210225/230Sep 4$2.24$17.7652%0.13$207.76$227.24
190/210220/222Sep 4$2.12$17.8841%0.12$207.88$222.12

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 4 found (best R:R 2.38, cheapest $0.74)

CALLS (2)
LowMidHighExpiryDebitMax GainPOPR:R
$220.00$222.50$225.00Sep 4$1.37$1.1312%0.82
$215.00$217.50$220.00Sep 4$1.95$0.5527%0.28
PUTS (2)
LowMidHighExpiryDebitMax GainPOPR:R
$210.00$212.50$215.00Sep 11$0.74$1.7615%2.38
$210.00$212.50$215.00Sep 4$1.12$1.3816%1.23

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 21 found (best net $-1.64, 9 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$215.00$220.001:2Sep 11-$1.64$3.36
$220.00$222.501:2Sep 11-$1.38$1.12
$217.50$220.001:2Sep 4-$1.53$0.97
$222.50$225.001:2Sep 4-$1.77$0.73
$195.00$210.001:2Sep 18$0.90$14.10
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$215.00$212.501:2Sep 4-$0.43$2.07
$190.00$185.001:2Sep 4-$0.12$4.88
$215.00$212.501:2Sep 11-$1.31$1.19
$212.50$210.001:2Sep 11-$1.57$0.93
$212.50$210.001:2Sep 4-$2.12$0.38

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 10 found (best yield 2.31%, avg 0.86%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$220.00Oct 2$5.000.461.6%2.31%3.85%2--
$220.00Sep 25$4.700.451.6%2.17%3.72%111
$220.00Sep 18$3.300.441.6%1.52%3.07%3--
$235.00Oct 2$0.450.228.5%0.21%8.68%23
$220.00Sep 11$2.650.431.6%1.22%2.77%616
$240.00Sep 18$0.500.1010.8%0.23%11.01%1--
$222.50Sep 11$0.400.342.7%0.18%2.88%17--
$225.00Sep 4$0.500.223.9%0.23%4.08%1034
$220.00Sep 4$0.350.331.6%0.16%1.71%944
$217.50Sep 4$0.750.430.4%0.35%0.74%89

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 242
Total Puts 259
Put/Call Ratio 1.07
Net Difference -17

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 3,591
Total Puts 2,055
Average Put/Call Ratio 0.59
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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