Tour v505
CAH
CARDINAL HEALTH INC
$234.16 -2.54%
$234.78 (+0.26%)🌙
as of 08/12 06:22 PM
(8/11 18:00) ◀
|
Wednesday, August 12, 2026 (6:22pm)
January 2026
|
▶ (8/13 18:18)
◀ 8/12 18:22 ▶

Option Volume

Detail
ℹ
Current (08/12) 5,640
Calls: 2,669 (47%)
Puts: 2,971 (53%)
Prior (08/11) 4,626
Calls: 2,435 (53%)
Puts: 2,191 (47%)
Current vs Prior +21.92%
Calls: +9.61% (Calls)
Puts: +35.60% (Puts)
Prior 7-Day Total 21,302
Calls: 10,311 (48%)
Puts: 10,991 (52%)
Prior 7-Day Average 3,043
Calls: 1,473 (48%)
Puts: 1,570 (52%)
Current vs Prior 7-Day Avg +85.33%
Calls: +81.19%
Puts: +89.22%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/12) $1.86M
Calls: $774.9K (42%)
Puts: $1.09M (58%)
Prior (08/11) $2.80M
Calls: $2.19M (78%)
Puts: $617.8K (22%)
Current vs Prior -33.57%
Calls: -64.57%
Puts: +76.16%
Prior 7-Day Total $14.32M
Calls: $10.51M (73%)
Puts: $3.82M (27%)
Prior 7-Day Average $2.05M
Calls: $1.50M (73%)
Puts: $545.3K (27%)
Current vs Prior 7-Day Avg -8.95%
Calls: -48.38%
Puts: +99.59%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/12) 1.11
Prior (08/11) 0.90
Current vs Prior +23.71%
Prior 7-Day Average 1.85
Current vs Prior 7-Day Avg -39.69%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/12) 12,718
Calls: 8,480 (67%)
Puts: 4,238 (33%)
Prior (08/11) 40,617
Calls: 23,481 (58%)
Puts: 17,136 (42%)
Current vs Prior -68.69%
Prior 7-Day Total 117,781
Calls: 73,076 (62%)
Puts: 44,705 (38%)
Prior 7-Day Average 16,825
Calls: 10,439 (62%)
Puts: 6,386 (38%)
Current vs Prior 7-Day Avg -24.41%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/14) | Next (08/21)Expiry (08/21) | Next (09/18)
Current 2.93% | 4.22%4.22% | 8.95%
Prior 3.01% | 4.43%4.43% | 8.89%
Current vs Prior -2.79% | -4.81%-4.81% | +0.68%
Prior 7-Day Avg 4.27% | 7.07%7.39% | 11.17%
Current vs 7-Day Avg -31.48% | -40.30%-42.91% | -19.90%
Prior 7-Day Eod 3.01% | 4.43%4.43% | 8.89%
Current vs 7-Day Eod -2.79% | -4.81%-4.81% | +0.68%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 58.96% | 47.62%
Calls: 73.21% | 48.56%
Puts: 44.71% | 46.67%
Prior 58.96% | 47.62%
Calls: 73.21% | 48.56%
Puts: 44.71% | 46.67%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 58.08% | 27.66%
Calls: 55.41% | 28.48%
Puts: 60.74% | 26.85%
Current vs 7-Day Avg +1.52% | +72.14%
Liquidity Expensive
+
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🤖 AI Insights

Volume explosion - 85% above 7-day average (5,640 vs avg 3,043). Slightly bearish P/C ratio of 1.11. Call-heavy open interest (8,480 calls vs 4,238 puts) suggests bullish positioning. Declining open interest (down 69%) indicates positions being closed.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
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 2 of results (avg 6.3%, best 5.3%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Sep 1834.6036.50$35.555.3%20.95--
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$270.00Aug 1434.2036.80$35.507.3%11.00--

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. 29 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Aug 1422.7025.90$24.3013.2%130.99--
$220.00Aug 1413.1015.80$14.4518.7%2030.969
$207.50Aug 1424.9028.30$26.6012.8%20.96--
$225.00Aug 148.4010.50$9.4522.2%10.963
$200.00Sep 1834.6036.50$35.555.3%20.95--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$255.00Aug 1419.2022.30$20.7514.9%11.00--
$270.00Aug 1434.2036.80$35.507.3%11.00--
$250.00Aug 1414.2017.30$15.7519.7%10.96--
$247.50Aug 1411.8014.40$13.1019.8%10.94--
$260.00Sep 2524.8027.70$26.2511.0%40.866

Most actively traded options today. High liquidity = easy entry/exit. 103 active (total vol 5.5K, top 1.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Aug 140.252.55$1.40164.3%9330.27194
$250.00Aug 140.000.35$0.18194.4%9130.05984
$220.00Aug 1413.1015.80$14.4518.7%2030.969
$245.00Aug 140.000.30$0.15200.0%1120.06292
$265.00Aug 140.000.05$0.03166.7%1040.011.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$227.50Aug 211.052.85$1.9592.3%1.0K0.261
$237.50Aug 214.806.20$5.5025.5%1.0K0.5942
$235.00Aug 141.804.40$3.1083.9%5080.53124
$217.50Aug 140.001.10$0.55200.0%650.09184
$240.00Aug 145.207.50$6.3536.2%600.74126

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 10 strikes (avg 58.2%, max 83.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$240.00Aug 14Sep 1851.5%28.1%83.3%9631.0K
$232.50Aug 14Aug 2147.1%29.9%57.7%714
$237.50Aug 14Aug 2146.3%30.5%51.8%3348
$242.50Aug 14Aug 2150.1%34.3%46.1%852
$235.00Aug 14Aug 2141.2%28.4%44.9%1327
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$240.00Aug 14Sep 1851.5%28.1%83.3%66126
$230.00Aug 14Sep 1843.0%25.8%66.7%43582
$232.50Aug 14Aug 2147.1%29.9%57.7%1163
$237.50Aug 14Aug 2146.3%30.5%51.8%1.0K62
$235.00Aug 14Aug 2841.2%29.7%38.7%519124

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 58 found (best R:R 0.53, avg 8.20)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$210.00$245.00Aug 28$22.87$12.13$22.8793%0.53$232.87
$240.00$242.50Aug 21$0.18$2.32$0.1833%12.89$240.18
$250.00$255.00Sep 4$0.40$4.60$0.4021%11.50$250.40
$245.00$250.00Sep 11$0.90$4.10$0.9030%4.56$245.90
$235.00$237.50Aug 14$0.65$1.85$0.6547%2.85$235.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$220.00$200.00Sep 11$0.87$19.13$0.8719%21.99$219.13
$220.00$210.00Sep 4$0.58$9.42$0.5819%16.24$219.42
$215.00$200.00Aug 28$0.35$14.65$0.3511%41.86$214.65
$220.00$195.00Sep 25$1.83$23.17$1.8323%12.66$218.17
$235.00$232.50Aug 14$0.75$1.75$0.7553%2.33$234.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 46 found (best R:R 0.22, avg 0.23)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$242.50$245.00Aug 14$0.65$0.65$1.8582%0.35$243.15
$260.00$262.50Aug 14$0.42$0.42$2.0893%0.20$260.42
$242.50$245.00Aug 21$0.92$0.92$1.5872%0.58$243.42
$252.50$255.00Aug 14$0.44$0.44$2.0690%0.21$252.94
$260.00$270.00Sep 18$1.05$1.05$8.9585%0.12$261.05
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$220.00$210.00Sep 18$1.80$1.80$8.2077%0.22$218.20
$217.50$215.00Aug 14$0.52$0.52$1.9891%0.26$216.98
$230.00$220.00Sep 11$2.75$2.75$7.2562%0.38$227.25
$232.50$230.00Aug 14$1.12$1.12$1.3860%0.81$231.38
$222.50$220.00Aug 14$0.42$0.42$2.0889%0.20$222.08

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $1.40, cheapest $0.95)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$232.50Aug 14Aug 21$1.8547.1%29.9%
$237.50Aug 14Aug 21$1.4546.3%30.5%
$235.00Aug 14Aug 21$1.8241.2%28.4%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$232.50Aug 14Aug 21$0.9547.1%29.9%
$237.50Aug 14Aug 21$1.1546.3%30.5%
$235.00Aug 14Aug 21$1.1841.2%28.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 18 found (cheapest 2.38% of stock, avg 4.66%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$235.00Aug 14$2.48$3.10$5.58$229.42$240.582.38%
$232.50Aug 14$3.75$2.35$6.10$226.40$238.602.61%
$237.50Aug 14$1.83$4.35$6.18$231.32$243.682.64%
$230.00Aug 14$5.60$1.23$6.83$223.17$236.832.92%
$240.00Aug 14$1.40$6.35$7.75$232.25$247.753.31%
$235.00Aug 21$4.30$4.28$8.58$226.42$243.583.66%
$237.50Aug 21$3.28$5.50$8.78$228.72$246.283.75%
$232.50Aug 21$5.60$3.30$8.90$223.60$241.403.80%
$225.00Aug 14$9.45$0.10$9.55$215.45$234.554.08%
$230.00Aug 21$7.00$2.55$9.55$220.45$239.554.08%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 93 found (cheapest 0.47% of stock, avg 1.63%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$270.00$200.00Sep 18$0.58$0.53$1.11$198.89$271.11
$252.50$227.50Aug 14$0.57$0.50$1.07$226.43$253.57
$252.50$217.50Aug 14$0.57$0.55$1.12$216.38$253.62
$252.50$222.50Aug 14$0.57$0.57$1.14$221.36$253.64
$242.50$227.50Aug 14$0.80$0.50$1.30$226.20$243.80
$242.50$222.50Aug 14$0.80$0.57$1.37$221.13$243.87
$242.50$217.50Aug 14$0.80$0.55$1.35$216.15$243.85
$270.00$210.00Sep 18$0.58$1.10$1.68$208.32$271.68
$247.50$220.00Aug 21$0.78$1.15$1.93$218.07$249.43
$247.50$225.00Aug 21$0.78$1.20$1.98$223.02$249.48

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 59 found (best R:R 0.60, avg credit $1.06)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
215/218260/262Aug 14$0.94$1.5684%0.60$216.56$260.94
215/218242/245Aug 14$1.17$1.3374%0.88$216.33$243.67
215/218252/255Aug 14$0.96$1.5482%0.62$216.54$253.46
220/222260/262Aug 14$0.84$1.6682%0.51$221.66$260.84
220/222242/245Aug 14$1.07$1.4371%0.75$221.43$243.57
220/222252/255Aug 14$0.86$1.6479%0.52$221.64$253.36
228/230260/262Aug 14$1.15$1.3566%0.85$228.85$261.15
225/228242/245Aug 21$1.67$0.8345%2.01$225.83$244.17
225/228260/262Aug 14$0.82$1.6879%0.49$226.68$260.82
228/230242/245Aug 14$1.38$1.1255%1.23$228.62$243.88

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 34 found (best R:R 10.11, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$250.00$260.00$270.00Sep 18$0.42$9.5819%22.81
$235.00$237.50$240.00Aug 21$0.07$2.4317%34.71
$240.00$250.00$260.00Sep 18$1.38$8.6227%6.25
$230.00$232.50$235.00Aug 21$0.10$2.4017%24.00
$230.00$240.00$250.00Sep 18$2.05$7.9535%3.88
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$210.00$220.00$230.00Sep 18$0.90$9.1029%10.11
$200.00$215.00$230.00Aug 28$2.12$12.8830%6.08
$220.00$230.00$240.00Sep 18$1.80$8.2036%4.56
$227.50$230.00$232.50Aug 21$0.15$2.3515%15.67
$232.50$235.00$237.50Aug 21$0.24$2.2618%9.42

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 81 found (best net $-6.00, 58 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$220.001:2Aug 14-$4.60$5.40
$230.00$240.001:2Sep 18-$1.05$8.95
$240.00$250.001:2Sep 18-$0.25$9.75
$225.00$230.001:2Aug 14-$1.75$3.25
$250.00$260.001:2Sep 18-$0.16$9.84
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$270.00$255.001:2Aug 14-$6.00$9.00
$240.00$230.001:2Sep 18-$1.10$8.90
$230.00$220.001:2Sep 18-$0.20$9.80
$220.00$200.001:2Sep 11-$0.26$19.74
$235.00$230.001:2Aug 28-$1.25$3.75

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 19 found (best yield 2.01%, avg 0.51%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$240.00Sep 18$4.700.412.5%2.01%4.50%30851
$250.00Sep 18$2.000.256.8%0.85%7.62%10802
$245.00Sep 11$2.000.304.6%0.85%5.48%20--
$250.00Sep 11$1.000.236.8%0.43%7.19%20--
$260.00Sep 18$0.650.1511.0%0.28%11.31%2--
$260.00Aug 28$0.300.1411.0%0.13%11.16%1--
$245.00Aug 28$0.950.264.6%0.41%5.04%1--
$250.00Sep 4$0.400.216.8%0.17%6.94%1--
$237.50Aug 21$2.150.421.4%0.92%2.34%548
$242.50Aug 21$1.100.283.6%0.47%4.03%240

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 2,669
Total Puts 2,971
Put/Call Ratio 1.11
Net Difference -302

Prior's Put/Call Breakdown

Total Calls 2,435
Total Puts 2,191
Put/Call Ratio 0.90
Net Difference 244

Prior 7-Day Put/Call Summary

Total Calls 10,311
Total Puts 10,991
Average Put/Call Ratio 1.85
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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