Tour v526
CAH
CARDINAL HEALTH INC
$228.46 -2.72%
$229.10 (+0.28%)🌙
as of 08/20 06:17 PM
(8/19 18:17) ◀
|
Thursday, August 20, 2026 (6:17pm)
January 2026
|
▶ (8/21 18:17)
◀ 8/20 18:17 ▶

Option Volume

Detail
ℹ
Current (08/20) 2,971
Calls: 673 (23%)
Puts: 2,298 (77%)
Prior (08/19) 2,802
Calls: 1,607 (57%)
Puts: 1,195 (43%)
Current vs Prior +6.03%
Calls: -58.12% (Calls)
Puts: +92.30% (Puts)
Prior 7-Day Total 19,594
Calls: 10,447 (53%)
Puts: 9,147 (47%)
Prior 7-Day Average 2,799
Calls: 1,492 (53%)
Puts: 1,306 (47%)
Current vs Prior 7-Day Avg +6.14%
Calls: -54.91%
Puts: +75.86%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/20) $1.23M
Calls: $506.1K (41%)
Puts: $721.1K (59%)
Prior (08/19) $1.59M
Calls: $1.32M (83%)
Puts: $271.0K (17%)
Current vs Prior -22.80%
Calls: -61.62%
Puts: +166.15%
Prior 7-Day Total $10.16M
Calls: $7.22M (71%)
Puts: $2.94M (29%)
Prior 7-Day Average $1.45M
Calls: $1.03M (71%)
Puts: $419.8K (29%)
Current vs Prior 7-Day Avg -15.40%
Calls: -50.91%
Puts: +71.78%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/20) 3.41
Prior (08/19) 0.74
Current vs Prior +359.18%
Prior 7-Day Average 0.85
Current vs Prior 7-Day Avg +300.04%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/20) 17,038
Calls: 9,636 (57%)
Puts: 7,402 (43%)
Prior (08/19) 15,527
Calls: 9,785 (63%)
Puts: 5,742 (37%)
Current vs Prior +9.73%
Prior 7-Day Total 112,049
Calls: 68,349 (61%)
Puts: 43,700 (39%)
Prior 7-Day Average 16,007
Calls: 9,764 (61%)
Puts: 6,242 (39%)
Current vs Prior 7-Day Avg +6.44%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 2.20% | 3.70%2.20% | 8.82%
Prior 2.40% | 4.17%2.40% | 8.35%
Current vs Prior -8.34% | -11.36%-8.34% | +5.68%
Prior 7-Day Avg 3.03% | 4.34%3.65% | 8.68%
Current vs 7-Day Avg -27.57% | -14.73%-39.80% | +1.64%
Prior 7-Day Eod 2.40% | 4.17%2.40% | 8.35%
Current vs 7-Day Eod -8.34% | -11.36%-8.34% | +5.68%
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 58.96% | 47.62%
Calls: 73.21% | 48.56%
Puts: 44.71% | 46.67%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Extreme bearish P/C ratio of 3.41 - heavy put buying. P/C ratio rising 359% - increased hedging/bearish positioning.

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 BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
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 9.1%, best 8.2%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Aug 2128.2030.60$29.408.2%10.94--
$210.00Sep 1820.0022.10$21.0510.0%20.88448
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. 20 found (avg delta 0.72, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Aug 2128.2030.60$29.408.2%10.94--
$220.00Aug 218.0010.80$9.4029.8%30.88--
$210.00Sep 1820.0022.10$21.0510.0%20.88448
$225.00Aug 213.605.60$4.6043.5%10.7663
$220.00Sep 1812.0014.70$13.3520.2%40.71183
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$237.50Aug 217.009.40$8.2029.3%21.00219
$245.00Aug 2114.5017.20$15.8517.0%10.971
$240.00Aug 219.7011.90$10.8020.4%30.9293
$235.00Aug 214.506.90$5.7042.1%20.83165
$232.50Aug 212.254.60$3.4368.5%5120.72--

Most actively traded options today. High liquidity = easy entry/exit. 60 active (total vol 2.7K, top 1.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Sep 43.705.00$4.3529.9%2640.48270
$225.00Aug 285.607.20$6.4025.0%400.6839
$250.00Sep 180.751.30$1.0253.9%260.121.1K
$230.00Sep 185.606.90$6.2520.8%180.49314
$227.50Aug 283.805.70$4.7540.0%160.5716
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$227.50Aug 210.001.25$0.63198.4%1.0K0.311.0K
$232.50Aug 212.254.60$3.4368.5%5120.72--
$230.00Sep 186.107.50$6.8020.6%4650.52588
$225.00Aug 210.051.70$0.88187.5%620.2461
$220.00Sep 182.104.20$3.1566.7%120.29820

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 77.4%, max 124.8%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$235.00Aug 21Oct 262.9%28.0%124.8%1754
$225.00Aug 21Sep 2553.2%27.3%95.2%463
$230.00Aug 21Oct 238.8%28.0%38.6%9908
$232.50Aug 28Sep 433.6%29.7%13.2%312
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$222.50Aug 21Aug 2858.0%26.4%119.9%313
$225.00Aug 21Sep 1153.2%25.4%109.1%7272
$232.50Aug 21Aug 2857.8%33.6%72.3%51382
$230.00Aug 21Sep 1838.8%26.6%46.1%470819

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 33 found (best R:R 8.43, avg 8.44)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$230.00$235.00Aug 21$0.53$4.47$0.5344%8.43$230.53
$230.00$232.50Sep 4$0.42$2.08$0.4248%4.95$230.42
$227.50$232.50Aug 28$1.75$3.25$1.7557%1.86$229.25
$240.00$245.00Aug 21$0.20$4.80$0.2013%24.00$240.20
$230.00$235.00Oct 2$2.10$2.90$2.1050%1.38$232.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$215.00$190.00Sep 4$0.30$24.70$0.3011%82.33$214.70
$230.00$227.50Aug 28$0.60$1.90$0.6054%3.17$229.40
$232.50$230.00Aug 21$1.26$1.24$1.2672%0.98$231.24
$210.00$190.00Sep 18$0.60$19.40$0.6012%32.33$209.40
$232.50$230.00Aug 28$1.30$1.20$1.3062%0.92$231.20

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 24 found (best R:R 0.53, avg 0.29)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$235.00$240.00Sep 4$1.73$1.73$3.2766%0.53$236.73
$235.00$237.50Aug 21$0.72$0.72$1.7878%0.40$235.72
$232.50$235.00Aug 28$1.07$1.07$1.4361%0.75$233.57
$250.00$260.00Sep 18$0.69$0.69$9.3188%0.07$250.69
$245.00$250.00Aug 21$0.30$0.30$4.7092%0.06$245.30
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$220.00$210.00Sep 18$2.05$2.05$7.9571%0.26$217.95
$227.50$222.50Aug 28$1.92$1.92$3.0857%0.62$225.58
$220.00$215.00Sep 4$0.75$0.75$4.2579%0.18$219.25
$225.00$222.50Aug 21$0.35$0.35$2.1576%0.16$224.65
$210.00$190.00Sep 18$0.60$0.60$19.4088%0.03$209.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.96, cheapest $2.92)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$230.00Aug 21Sep 4$2.9238.8%26.2%
$232.50Aug 28Sep 4$0.9333.6%29.7%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$230.00Aug 21Aug 28$1.5338.8%30.9%
$227.50Aug 21Aug 28$2.4728.2%28.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 13 found (cheapest 1.52% of stock, avg 4.47%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$227.50Aug 21$2.85$0.63$3.48$224.02$230.981.52%
$230.00Aug 21$1.43$2.17$3.60$226.40$233.601.58%
$225.00Aug 21$4.60$0.88$5.48$219.52$230.482.40%
$235.00Aug 21$0.90$5.70$6.60$228.40$241.602.89%
$227.50Aug 28$4.75$3.10$7.85$219.65$235.353.44%
$232.50Aug 28$3.00$5.00$8.00$224.50$240.503.50%
$237.50Aug 21$0.18$8.20$8.38$229.12$245.883.67%
$220.00Aug 21$9.40$0.50$9.90$210.10$229.904.33%
$240.00Aug 21$0.60$10.80$11.40$228.60$251.404.99%
$230.00Sep 18$6.25$6.80$13.05$216.95$243.055.71%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 52 found (cheapest 0.30% of stock, avg 1.41%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$237.50$220.00Aug 21$0.18$0.50$0.68$219.32$238.18
$237.50$222.50Aug 21$0.18$0.53$0.71$221.79$238.21
$245.00$220.00Aug 21$0.40$0.50$0.90$219.10$245.90
$245.00$222.50Aug 21$0.40$0.53$0.93$221.57$245.93
$237.50$227.50Aug 21$0.18$0.63$0.81$226.69$238.31
$240.00$220.00Aug 21$0.60$0.50$1.10$218.90$241.10
$240.00$222.50Aug 21$0.60$0.53$1.13$221.37$241.13
$237.50$225.00Aug 21$0.18$0.88$1.06$223.94$238.56
$245.00$227.50Aug 21$0.40$0.63$1.03$226.47$246.03
$240.00$227.50Aug 21$0.60$0.63$1.23$226.27$241.23

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 11 found (best R:R 0.75, avg credit $1.77)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
222/225235/238Aug 21$1.07$1.4354%0.75$223.93$236.07
215/220235/240Sep 4$2.48$2.5245%0.98$217.52$237.48
222/225245/250Aug 21$0.65$4.3568%0.15$224.35$245.65
222/225240/245Aug 21$0.55$4.4563%0.12$224.45$240.55
215/220242/250Sep 4$1.58$5.9261%0.27$218.42$244.08
210/220250/260Sep 18$2.74$7.2659%0.38$217.26$252.74
210/220240/250Sep 18$3.68$6.3244%0.58$216.32$243.68
190/210250/260Sep 18$1.29$18.7175%0.07$208.71$251.29
190/210240/250Sep 18$2.23$17.7761%0.13$207.77$242.23
190/215242/250Sep 4$1.13$23.8771%0.05$213.87$243.63

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 14 found (best R:R 15.67, cheapest $0.10)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$210.00$220.00$230.00Sep 18$0.60$9.4039%15.67
$240.00$250.00$260.00Sep 18$0.94$9.0622%9.64
$230.00$235.00$240.00Oct 2$0.25$4.7518%19.00
$230.00$240.00$250.00Sep 18$1.97$8.0336%4.08
$225.00$227.50$230.00Aug 21$0.33$2.1733%6.58
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$210.00$220.00$230.00Sep 18$1.60$8.4039%5.25
$232.50$235.00$237.50Aug 21$0.23$2.2728%9.87
$235.00$237.50$240.00Aug 21$0.10$2.409%24.00
$220.00$222.50$225.00Aug 21$0.32$2.1812%6.81
$227.50$230.00$232.50Aug 28$0.70$1.8018%2.57

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 41 found (best net $-5.65, 23 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$220.001:2Sep 18-$5.65$4.35
$227.50$230.001:2Aug 21-$0.01$2.49
$227.50$232.501:2Aug 28-$1.25$3.75
$230.00$235.001:2Aug 21-$0.37$4.63
$225.00$227.501:2Aug 21-$1.10$1.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$215.00$190.001:2Sep 4-$0.08$24.92
$235.00$232.501:2Aug 21-$1.16$1.34
$232.50$230.001:2Aug 21-$0.91$1.59
$230.00$225.001:2Sep 11-$1.56$3.44
$225.00$222.501:2Aug 21-$0.18$2.32

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 17 found (best yield 2.14%, avg 0.94%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$235.00Oct 2$4.900.412.9%2.14%5.01%7--
$230.00Oct 2$6.700.500.7%2.93%3.61%61
$240.00Oct 2$3.100.335.0%1.36%6.41%47
$230.00Sep 18$5.600.490.7%2.45%3.13%18314
$240.00Sep 18$2.300.275.0%1.01%6.06%31.2K
$232.50Sep 4$2.950.411.8%1.29%3.06%111
$230.00Sep 4$3.700.480.7%1.62%2.29%264270
$235.00Sep 4$2.200.342.9%0.96%3.83%1024
$240.00Sep 11$0.700.245.0%0.31%5.36%72
$232.50Aug 28$1.800.391.8%0.79%2.56%21

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 673
Total Puts 2,298
Put/Call Ratio 3.41
Net Difference -1,625

Prior's Put/Call Breakdown

Total Calls 1,607
Total Puts 1,195
Put/Call Ratio 0.74
Net Difference 412

Prior 7-Day Put/Call Summary

Total Calls 10,447
Total Puts 9,147
Average Put/Call Ratio 0.85
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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