Tour v526
CAH
CARDINAL HEALTH INC
$229.51 +0.46%
$228.05 (-0.64%)🌙
as of 08/21 06:17 PM
(8/20 18:17) ◀
|
Friday, August 21, 2026 (6:17pm)
January 2026
|
▶ (8/25 18:17)
◀ 8/21 18:17 ▶

Option Volume

Detail
ℹ
Current (08/21) 1,917
Calls: 1,607 (84%)
Puts: 310 (16%)
Prior (08/20) 2,971
Calls: 673 (23%)
Puts: 2,298 (77%)
Current vs Prior -35.48%
Calls: +138.78% (Calls)
Puts: -86.51% (Puts)
Prior 7-Day Total 17,939
Calls: 8,685 (48%)
Puts: 9,254 (52%)
Prior 7-Day Average 2,562
Calls: 1,240 (48%)
Puts: 1,322 (52%)
Current vs Prior 7-Day Avg -25.20%
Calls: +29.52%
Puts: -76.55%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/21) $1.06M
Calls: $951.6K (90%)
Puts: $107.0K (10%)
Prior (08/20) $1.23M
Calls: $506.1K (41%)
Puts: $721.1K (59%)
Current vs Prior -13.74%
Calls: +88.01%
Puts: -85.16%
Prior 7-Day Total $8.58M
Calls: $5.54M (65%)
Puts: $3.04M (35%)
Prior 7-Day Average $1.23M
Calls: $790.8K (65%)
Puts: $434.6K (35%)
Current vs Prior 7-Day Avg -13.61%
Calls: +20.33%
Puts: -75.37%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/21) 0.19
Prior (08/20) 3.41
Current vs Prior -94.35%
Prior 7-Day Average 1.21
Current vs Prior 7-Day Avg -84.09%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/21) 9,780
Calls: 6,210 (63%)
Puts: 3,570 (37%)
Prior (08/20) 17,038
Calls: 9,636 (57%)
Puts: 7,402 (43%)
Current vs Prior -42.60%
Prior 7-Day Total 88,470
Calls: 54,504 (62%)
Puts: 33,966 (38%)
Prior 7-Day Average 12,638
Calls: 7,786 (62%)
Puts: 4,852 (38%)
Current vs Prior 7-Day Avg -22.62%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 1.39% | 3.27%1.39% | 8.21%
Prior 2.20% | 3.70%2.20% | 8.82%
Current vs Prior +48.72% | +29.58%-36.94% | -6.88%
Prior 7-Day Avg 2.92% | 4.23%3.33% | 8.67%
Current vs 7-Day Avg +12.00% | +13.23%-58.40% | -5.24%
Prior 7-Day Eod 2.20% | 3.70%2.20% | 8.82%
Current vs 7-Day Eod +48.72% | +29.58%-36.94% | -6.88%
Sentiment BEARISHBULLISH

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

Strong bullish conviction with 90% of dollar volume in calls ($951.6K) vs puts ($107.0K). Extreme bullish P/C ratio of 0.19 - heavy call buying (1,607 calls vs 310 puts). P/C ratio dropping 94% - sentiment shifting bullish. Call-heavy open interest (6,210 calls vs 3,570 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 BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
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 8.0%, best 8.0%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Sep 1820.4022.10$21.258.0%10.88--
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 0.65, highest 0.97)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Sep 1820.4022.10$21.258.0%10.88--
$227.50Sep 45.106.80$5.9528.6%30.57--
$230.00Oct 27.509.80$8.6526.6%20.52--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Aug 214.306.60$5.4542.2%310.97164
$240.00Sep 1811.2013.40$12.3017.9%30.74385
$232.50Aug 212.004.00$3.0066.7%80.68128
$232.50Aug 283.705.50$4.6039.1%30.62--
$235.00Sep 258.7010.90$9.8022.4%70.61--

Most actively traded options today. High liquidity = easy entry/exit. 54 active (total vol 955, top 462)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Sep 185.707.00$6.3520.5%4620.50307
$230.00Sep 43.905.30$4.6030.4%440.49207
$240.00Sep 182.102.60$2.3521.3%240.261.2K
$235.00Aug 280.901.50$1.2050.0%200.2526
$242.50Aug 210.002.15$1.08199.1%170.1742
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Sep 182.252.85$2.5523.5%730.26826
$230.00Aug 283.004.00$3.5028.6%490.5326
$230.00Sep 185.507.00$6.2524.0%430.50881
$235.00Aug 214.306.60$5.4542.2%310.97164
$230.00Aug 210.352.00$1.18139.8%150.57231

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 5 strikes (avg 1156.8%, max 2778.0%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$242.50Aug 21Sep 4724.0%25.2%2778.0%1843
$232.50Aug 21Sep 4341.0%30.3%1024.3%712
$230.00Aug 21Oct 2139.0%24.5%468.0%9906
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$232.50Aug 21Sep 4341.0%30.3%1024.3%9128
$230.00Aug 21Sep 18139.0%23.6%489.4%581.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 30 found (best R:R 6.14, avg 6.16)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$230.00$232.50Aug 28$0.35$2.15$0.3547%6.14$230.35
$230.00$232.50Sep 4$0.62$1.88$0.6249%3.03$230.62
$237.50$240.00Sep 4$0.16$2.34$0.1621%14.63$237.66
$237.50$240.00Aug 28$0.23$2.27$0.2317%9.87$237.73
$240.00$242.50Sep 4$0.29$2.21$0.2918%7.62$240.29
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$240.00$230.00Sep 18$6.05$3.95$6.0574%0.65$233.95
$232.50$230.00Aug 28$1.10$1.40$1.1062%1.27$231.40
$225.00$222.50Aug 28$0.69$1.81$0.6934%2.62$224.31
$227.50$220.00Aug 21$0.12$7.38$0.1214%61.50$227.38
$217.50$215.00Aug 28$0.18$2.32$0.1810%12.89$217.32

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 24 found (best R:R 0.10, avg 0.46)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$245.00$250.00Aug 21$1.03$1.03$3.9785%0.26$246.03
$230.00$235.00Oct 2$3.15$3.15$1.8548%1.70$233.15
$232.50$235.00Aug 21$1.15$1.15$1.3568%0.85$233.65
$240.00$250.00Sep 18$1.85$1.85$8.1574%0.23$241.85
$235.00$237.50Sep 4$1.30$1.30$1.2067%1.08$236.30
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$220.00$195.00Sep 18$2.30$2.30$22.7074%0.10$217.70
$222.50$220.00Aug 28$0.85$0.85$1.6574%0.52$221.65
$220.00$217.50Aug 28$0.50$0.50$2.0083%0.25$219.50
$217.50$215.00Aug 28$0.18$0.18$2.3290%0.08$217.32
$227.50$220.00Aug 21$0.12$0.12$7.3886%0.02$227.38

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.82, cheapest $1.30)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$232.50Aug 21Aug 28$1.30341.0%31.0%
$230.00Aug 21Aug 28$2.07139.0%25.6%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$232.50Aug 21Aug 28$1.60341.0%31.0%
$230.00Aug 21Aug 28$2.32139.0%25.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 8 found (cheapest 0.85% of stock, avg 3.41%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$230.00Aug 21$0.78$1.18$1.96$228.04$231.960.85%
$232.50Aug 21$1.20$3.00$4.20$228.30$236.701.83%
$235.00Aug 21$0.05$5.45$5.50$229.50$240.502.40%
$230.00Aug 28$2.85$3.50$6.35$223.65$236.352.77%
$232.50Aug 28$2.50$4.60$7.10$225.40$239.603.09%
$232.50Sep 4$3.98$6.30$10.28$222.22$242.784.48%
$230.00Sep 18$6.35$6.25$12.60$217.40$242.605.49%
$240.00Sep 18$2.35$12.30$14.65$225.35$254.656.38%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 33 found (cheapest 0.30% of stock, avg 1.33%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$240.00$227.50Aug 21$0.53$0.15$0.68$226.82$240.68
$240.00$217.50Aug 28$0.50$0.43$0.93$216.57$240.93
$245.00$227.50Aug 21$1.08$0.15$1.23$226.27$246.23
$237.50$217.50Aug 28$0.73$0.43$1.16$216.34$238.66
$242.50$227.50Aug 21$1.08$0.15$1.23$226.27$243.73
$230.00$227.50Aug 21$0.78$0.15$0.93$226.57$230.93
$240.00$220.00Aug 28$0.50$0.93$1.43$218.57$241.43
$232.50$227.50Aug 21$1.20$0.15$1.35$226.15$233.85
$237.50$220.00Aug 28$0.73$0.93$1.66$218.34$239.16
$235.00$217.50Aug 28$1.20$0.43$1.63$215.87$236.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 15 found (best R:R 1.12, avg credit $1.14)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
220/222235/238Aug 28$1.32$1.1849%1.12$221.18$236.32
220/222238/240Aug 28$1.08$1.4257%0.76$221.42$238.58
218/220235/238Aug 28$0.97$1.5358%0.63$219.03$235.97
218/220238/240Aug 28$0.73$1.7766%0.41$219.27$238.23
215/218235/238Aug 28$0.65$1.8566%0.35$216.85$235.65
215/218238/240Aug 28$0.41$2.0974%0.20$217.09$237.91
222/225235/238Aug 28$1.16$1.3441%0.87$223.84$236.16
222/225238/240Aug 28$0.92$1.5850%0.58$224.08$238.42
215/218240/245Aug 28$0.45$4.5579%0.10$217.05$240.45
218/220240/245Aug 28$0.77$4.2371%0.18$219.23$240.77

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 16 found (best R:R 3.26, cheapest $0.20)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$230.00$240.00$250.00Sep 18$2.15$7.8542%3.65
$232.50$235.00$237.50Sep 4$0.20$2.3020%11.50
$235.00$237.50$240.00Aug 28$0.24$2.2613%9.42
$235.00$240.00$245.00Oct 2$0.62$4.3819%7.06
$237.50$240.00$242.50Aug 21$0.40$2.105%5.25
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$220.00$230.00$240.00Sep 18$2.35$7.6548%3.26
$227.50$230.00$232.50Aug 21$0.79$1.7154%2.16
$230.00$232.50$235.00Aug 21$0.63$1.8741%2.97
$217.50$220.00$222.50Aug 28$0.35$2.1516%6.14
$215.00$217.50$220.00Aug 28$0.32$2.1811%6.81

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 38 found (best net $-0.20, 24 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$245.001:2Oct 2-$0.98$4.02
$235.00$237.501:2Aug 28-$0.26$2.24
$240.00$245.001:2Sep 25-$0.98$4.02
$235.00$240.001:2Oct 2-$1.66$3.34
$250.00$260.001:2Aug 21-$0.01$9.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$230.001:2Sep 18-$0.20$9.80
$235.00$232.501:2Aug 21-$0.55$1.95
$222.50$220.001:2Aug 28-$0.08$2.42
$230.00$227.501:2Aug 28-$1.00$1.50
$217.50$215.001:2Aug 28-$0.07$2.43

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 20 found (best yield 3.27%, avg 1.01%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Oct 2$7.500.520.2%3.27%3.48%2--
$235.00Oct 2$4.300.422.4%1.87%4.27%18
$230.00Sep 18$5.700.500.2%2.48%2.70%462307
$240.00Oct 2$2.450.324.6%1.07%5.64%1--
$240.00Sep 25$2.450.294.6%1.07%5.64%22
$240.00Sep 18$2.100.264.6%0.91%5.49%241.2K
$245.00Oct 2$1.250.236.8%0.54%7.29%1--
$245.00Sep 25$1.300.216.8%0.57%7.32%16
$230.00Sep 11$4.300.480.2%1.87%2.09%11
$230.00Sep 4$3.900.490.2%1.70%1.91%44207

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 1,607
Total Puts 310
Put/Call Ratio 0.19
Net Difference 1,297

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 8,685
Total Puts 9,254
Average Put/Call Ratio 1.21
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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