Tour v526
BIIB
BIOGEN INC
$216.04 -0.28%
$216.93 (+0.41%)🌙
as of 09/01 06:14 PM
(8/31 18:13) ◀
|
Tuesday, September 1, 2026 (6:14pm)
January 2026
|
▶
◀ 9/1 18:14

Option Volume

Detail
ℹ
Current (09/01) 1,363
Calls: 1,066 (78%)
Puts: 297 (22%)
Prior (08/31) 501
Calls: 242 (48%)
Puts: 259 (52%)
Current vs Prior +172.06%
Calls: +340.50% (Calls)
Puts: +14.67% (Puts)
Prior 7-Day Total 5,201
Calls: 3,088 (59%)
Puts: 2,113 (41%)
Prior 7-Day Average 743
Calls: 441 (59%)
Puts: 301 (41%)
Current vs Prior 7-Day Avg +83.45%
Calls: +141.65%
Puts: -1.61%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (09/01) $1.19M
Calls: $1.08M (91%)
Puts: $111.7K (9%)
Prior (08/31) $298.4K
Calls: $248.0K (83%)
Puts: $50.3K (17%)
Current vs Prior +298.11%
Calls: +333.83%
Puts: +121.96%
Prior 7-Day Total $4.80M
Calls: $3.83M (80%)
Puts: $977.1K (20%)
Prior 7-Day Average $686.3K
Calls: $546.7K (80%)
Puts: $139.6K (20%)
Current vs Prior 7-Day Avg +73.07%
Calls: +96.84%
Puts: -20.01%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (09/01) 0.28
Prior (08/31) 1.07
Current vs Prior -73.97%
Prior 7-Day Average 0.70
Current vs Prior 7-Day Avg -60.48%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (09/01) 5,431
Calls: 4,168 (77%)
Puts: 1,263 (23%)
Prior (08/31) 3,359
Calls: 2,530 (75%)
Puts: 829 (25%)
Current vs Prior +61.69%
Prior 7-Day Total 41,872
Calls: 33,881 (81%)
Puts: 7,991 (19%)
Prior 7-Day Average 5,981
Calls: 4,840 (81%)
Puts: 1,141 (19%)
Current vs Prior 7-Day Avg -9.21%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 3.06% | 4.51%6.25% | 11.39%
Prior 3.77% | 4.89%6.21% | 11.40%
Current vs Prior -18.89% | -7.76%+0.65% | -0.12%
Prior 7-Day Avg 3.31% | 4.99%5.29% | 11.15%
Current vs 7-Day Avg -7.76% | -9.61%+18.09% | +2.14%
Prior 7-Day Eod 3.77% | 4.89%6.21% | 11.40%
Current vs 7-Day Eod -18.89% | -7.76%+0.65% | -0.12%
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 91% of dollar volume in calls ($1.08M) vs puts ($111.7K). Massive premium surge with dollar volume up 298% vs prior. Dollar volume significantly above 7-day average (73% higher). Unusually high activity with volume up 172% vs prior - elevated interest.

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 NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
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 6.6%, best 6.6%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$175.00Sep 1839.5042.20$40.856.6%20.92--
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. 12 found (avg delta 0.73, highest 0.92)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$175.00Sep 1839.5042.20$40.856.6%20.92--
$180.00Sep 1834.5038.20$36.3510.2%20.91--
$195.00Sep 1820.2023.90$22.0516.8%10.88--
$202.50Sep 1113.2015.40$14.3015.4%620.86--
$205.00Sep 49.4012.30$10.8526.7%20.84--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$217.50Sep 113.206.70$4.9570.7%20.555
$220.00Oct 1610.2012.70$11.4521.8%20.54130

Most actively traded options today. High liquidity = easy entry/exit. 39 active (total vol 1.2K, top 780)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Sep 188.3010.60$9.4524.3%7800.661.0K
$202.50Sep 1113.2015.40$14.3015.4%620.86--
$210.00Sep 116.109.30$7.7041.6%620.731
$230.00Sep 181.452.10$1.7836.5%140.21603
$225.00Sep 40.252.20$1.23158.5%120.2037
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Sep 180.001.25$0.63198.4%1610.07613
$180.00Sep 180.002.15$1.08199.1%200.08--
$185.00Sep 180.002.20$1.10200.0%200.09--
$200.00Sep 180.453.20$1.83150.3%50.17440
$210.00Sep 110.652.95$1.80127.8%30.2817

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 15.2%, max 24.0%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$215.00Sep 4Sep 2535.3%30.8%14.6%21112
$220.00Sep 4Oct 1636.1%33.8%6.9%5334
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$200.00Sep 18Oct 1640.0%32.2%24.0%6440

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 19 found (best R:R 10.90, avg 5.81)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$220.00$222.50Sep 11$0.21$2.29$0.2135%10.90$220.21
$230.00$240.00Oct 16$1.87$8.13$1.8731%4.35$231.87
$225.00$227.50Sep 4$0.10$2.40$0.1020%24.00$225.10
$210.00$220.00Sep 11$5.17$4.83$5.1773%0.93$215.17
$220.00$230.00Sep 18$2.27$7.73$2.2740%3.41$222.27
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$215.00$205.00Oct 2$3.00$7.00$3.0046%2.33$212.00
$210.00$200.00Sep 18$1.80$8.20$1.8034%4.56$208.20
$195.00$190.00Sep 18$0.47$4.53$0.4711%9.64$194.53
$200.00$195.00Sep 18$0.73$4.27$0.7318%5.85$199.27
$217.50$210.00Sep 11$3.15$4.35$3.1555%1.38$214.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 14 found (best R:R 0.61, avg 0.28)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$227.50$230.00Sep 4$0.95$0.95$1.5582%0.61$228.45
$240.00$250.00Sep 18$0.47$0.47$9.5391%0.05$240.47
$240.00$250.00Oct 16$1.43$1.43$8.5779%0.17$241.43
$230.00$240.00Sep 18$1.08$1.08$8.9279%0.12$231.08
$220.00$230.00Oct 16$3.60$3.60$6.4054%0.56$223.60
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$215.00$212.50Sep 4$1.18$1.18$1.3254%0.89$213.82
$200.00$195.00Sep 18$0.73$0.73$4.2782%0.17$199.27
$195.00$190.00Sep 18$0.47$0.47$4.5389%0.10$194.53
$210.00$200.00Sep 18$1.80$1.80$8.2066%0.22$208.20
$215.00$205.00Oct 2$3.00$3.00$7.0054%0.43$212.00

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $4.65, cheapest $4.50)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$215.00Sep 4Sep 25$4.8035.3%30.8%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$215.00Sep 4Oct 2$4.5035.3%30.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 6 found (cheapest 2.55% of stock, avg 6.94%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$215.00Sep 4$3.05$2.45$5.50$209.50$220.502.55%
$210.00Sep 11$7.70$1.80$9.50$200.50$219.504.40%
$210.00Sep 18$9.45$3.63$13.08$196.92$223.086.05%
$200.00Sep 18$17.05$1.83$18.88$181.12$218.888.74%
$220.00Oct 16$8.40$11.45$19.85$200.15$239.859.19%
$195.00Sep 18$22.05$1.10$23.15$171.85$218.1510.72%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 27 found (cheapest 0.82% of stock, avg 2.00%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$240.00$180.00Sep 18$0.70$1.08$1.78$178.22$241.78
$240.00$185.00Sep 18$0.70$1.10$1.80$183.20$241.80
$240.00$195.00Sep 18$0.70$1.10$1.80$193.20$241.80
$220.00$212.50Sep 4$1.13$1.27$2.40$210.10$222.40
$240.00$200.00Sep 18$0.70$1.83$2.53$197.47$242.53
$227.50$212.50Sep 4$1.13$1.27$2.40$210.10$229.90
$225.00$212.50Sep 4$1.23$1.27$2.50$210.00$227.50
$230.00$195.00Sep 18$1.78$1.10$2.88$192.12$232.88
$230.00$185.00Sep 18$1.78$1.10$2.88$182.12$232.88
$230.00$180.00Sep 18$1.78$1.08$2.86$177.14$232.86

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 6 found (best R:R 0.10, avg credit $1.78)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
190/195240/250Sep 18$0.94$9.0679%0.10$194.06$240.94
195/200240/250Sep 18$1.20$8.8073%0.14$198.80$241.20
190/195230/240Sep 18$1.55$8.4568%0.18$193.45$231.55
195/200230/240Sep 18$1.81$8.1962%0.22$198.19$231.81
200/210240/250Sep 18$2.27$7.7357%0.29$207.73$242.27
200/210230/240Sep 18$2.88$7.1246%0.40$207.12$232.88

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 9 found (best R:R 21.73, cheapest $0.26)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$230.00$240.00$250.00Oct 16$0.44$9.5619%21.73
$220.00$230.00$240.00Sep 18$1.19$8.8131%7.40
$200.00$210.00$220.00Sep 18$2.20$7.8042%3.55
$230.00$240.00$250.00Sep 18$0.61$9.3917%15.39
$210.00$220.00$230.00Sep 18$3.13$6.8746%2.19
PUTS (2)
LowMidHighExpiryDebitMax GainPOPR:R
$190.00$195.00$200.00Sep 18$0.26$4.7410%18.23
$185.00$190.00$195.00Sep 18$0.94$4.063%4.32

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 27 found (best net $-7.75, 17 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$180.00$195.001:2Sep 18-$7.75$7.25
$200.00$210.001:2Sep 18-$1.85$8.15
$202.50$210.001:2Sep 11-$1.10$6.40
$220.00$230.001:2Oct 16-$1.20$8.80
$240.00$250.001:2Oct 16-$0.07$9.93
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$215.00$205.001:2Oct 2-$0.95$9.05
$210.00$200.001:2Sep 18-$0.03$9.97
$215.00$212.501:2Sep 4-$0.09$2.41
$200.00$195.001:2Sep 18-$0.37$4.63
$195.00$190.001:2Sep 18-$0.16$4.84

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 11 found (best yield 3.05%, avg 0.87%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$220.00Oct 16$6.600.461.8%3.05%4.89%3293
$230.00Oct 16$3.500.316.5%1.62%8.08%1--
$240.00Oct 16$1.850.2111.1%0.86%11.95%668
$250.00Oct 16$1.000.1215.7%0.46%16.18%1--
$220.00Sep 18$3.200.401.8%1.48%3.31%3--
$230.00Sep 18$1.450.216.5%0.67%7.13%14603
$220.00Sep 11$1.450.351.8%0.67%2.50%616
$222.50Sep 11$0.850.303.0%0.39%3.38%118
$240.00Sep 18$0.400.0911.1%0.19%11.28%2602
$227.50Sep 4$0.100.185.3%0.05%5.35%1--

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 1,066
Total Puts 297
Put/Call Ratio 0.28
Net Difference 769

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 3,088
Total Puts 2,113
Average Put/Call Ratio 0.70
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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