Tour v526
CAH
CARDINAL HEALTH INC
$238.40 +0.20%
$238.25 (-0.06%)🌙
as of 08/26 06:16 PM
(8/25 18:17) ◀
|
Wednesday, August 26, 2026 (6:17pm)
January 2026
|
▶ (8/27 18:16)
◀ 8/26 18:17 ▶

Option Volume

Detail
ℹ
Current (08/26) 1,151
Calls: 334 (29%)
Puts: 817 (71%)
Prior (08/25) 1,808
Calls: 1,604 (89%)
Puts: 204 (11%)
Current vs Prior -36.34%
Calls: -79.18% (Calls)
Puts: +300.49% (Puts)
Prior 7-Day Total 13,828
Calls: 8,236 (60%)
Puts: 5,592 (40%)
Prior 7-Day Average 1,975
Calls: 1,176 (60%)
Puts: 798 (40%)
Current vs Prior 7-Day Avg -41.73%
Calls: -71.61%
Puts: +2.27%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/26) $836.0K
Calls: $463.4K (55%)
Puts: $372.6K (45%)
Prior (08/25) $1.38M
Calls: $1.32M (95%)
Puts: $65.9K (5%)
Current vs Prior -39.63%
Calls: -64.86%
Puts: +465.37%
Prior 7-Day Total $7.52M
Calls: $5.92M (79%)
Puts: $1.60M (21%)
Prior 7-Day Average $1.07M
Calls: $845.7K (79%)
Puts: $227.9K (21%)
Current vs Prior 7-Day Avg -22.14%
Calls: -45.21%
Puts: +63.49%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/26) 2.45
Prior (08/25) 0.13
Current vs Prior +1823.31%
Prior 7-Day Average 0.93
Current vs Prior 7-Day Avg +164.21%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/26) 10,154
Calls: 6,880 (68%)
Puts: 3,274 (32%)
Prior (08/25) 12,795
Calls: 9,059 (71%)
Puts: 3,736 (29%)
Current vs Prior -20.64%
Prior 7-Day Total 89,355
Calls: 55,670 (62%)
Puts: 33,685 (38%)
Prior 7-Day Average 12,765
Calls: 7,952 (62%)
Puts: 4,812 (38%)
Current vs Prior 7-Day Avg -20.45%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 2.21% | 3.88%5.45% | 9.79%
Prior 2.56% | 3.72%5.59% | 9.92%
Current vs Prior -13.62% | +4.31%-2.45% | -1.26%
Prior 7-Day Avg 2.97% | 4.26%3.13% | 8.69%
Current vs 7-Day Avg -25.45% | -8.84%+73.97% | +12.73%
Prior 7-Day Eod 2.56% | 3.72%5.59% | 9.92%
Current vs 7-Day Eod -13.62% | +4.31%-2.45% | -1.26%
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 2.45 - heavy put buying. P/C ratio rising 1823% - increased hedging/bearish positioning. Call-heavy open interest (6,880 calls vs 3,274 puts) suggests bullish positioning. Declining open interest (down 21%) indicates positions being closed.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
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 -- of results (avg --%, best --%)

No options available for this category

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 0.71, highest 0.89)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Aug 287.9010.50$9.2028.3%20.8925
$230.00Sep 48.2011.00$9.6029.2%50.84156
$227.50Sep 1811.9015.20$13.5524.4%10.821
$225.00Oct 215.2018.70$16.9520.6%20.78--
$235.00Aug 282.606.00$4.3079.1%140.77114
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Aug 281.003.90$2.45118.4%5130.632

Most actively traded options today. High liquidity = easy entry/exit. 42 active (total vol 710, top 513)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Sep 41.904.30$3.1077.4%300.4722
$235.00Aug 282.606.00$4.3079.1%140.77114
$245.00Sep 41.053.50$2.28107.5%110.32214
$240.00Aug 280.252.10$1.18156.8%80.41--
$245.00Aug 280.000.40$0.20200.0%80.109
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Aug 281.003.90$2.45118.4%5130.632
$222.50Aug 280.000.15$0.08187.5%200.02--
$220.00Aug 280.000.55$0.28196.4%100.05--
$227.50Aug 280.000.20$0.10200.0%100.04--
$230.00Sep 181.203.10$2.1588.4%80.25884

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 42.2%, max 66.4%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$235.00Aug 28Sep 1132.9%23.0%43.4%17120
$237.50Aug 28Sep 1827.9%23.6%18.3%345
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$232.50Aug 28Sep 1837.6%22.6%66.4%4132
$235.00Aug 28Sep 1832.9%23.4%40.7%622

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 27 found (best R:R 5.10, avg 7.64)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$240.00$245.00Sep 4$0.82$4.18$0.8247%5.10$240.82
$230.00$237.50Sep 4$4.80$2.70$4.8084%0.56$234.80
$227.50$230.00Sep 18$1.65$0.85$1.6582%0.52$229.15
$235.00$237.50Aug 28$1.47$1.03$1.4777%0.70$236.47
$240.00$242.50Sep 18$0.85$1.65$0.8548%1.94$240.85
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$237.50$235.00Aug 28$0.47$2.03$0.4738%4.32$237.03
$232.50$230.00Aug 28$0.10$2.40$0.1015%24.00$232.40
$232.50$230.00Sep 4$0.25$2.25$0.2521%9.00$232.25
$235.00$232.50Aug 28$0.27$2.23$0.2724%8.26$234.73
$230.00$225.00Sep 18$0.77$4.23$0.7725%5.49$229.23

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 20 found (best R:R 0.68, avg 0.32)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$242.50$247.50Sep 18$2.02$2.02$2.9859%0.68$244.52
$250.00$252.50Sep 18$0.81$0.81$1.6977%0.48$250.81
$240.00$242.50Aug 28$0.70$0.70$1.8059%0.39$240.70
$242.50$245.00Aug 28$0.28$0.28$2.2280%0.13$242.78
$245.00$247.50Sep 4$0.65$0.65$1.8568%0.35$245.65
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$235.00$232.50Sep 18$1.10$1.10$1.4061%0.79$233.90
$230.00$227.50Aug 28$0.33$0.33$2.1789%0.15$229.67
$235.00$232.50Sep 4$0.73$0.73$1.7769%0.41$234.27
$237.50$235.00Sep 18$1.15$1.15$1.3554%0.85$236.35
$225.00$220.00Sep 18$0.55$0.55$4.4583%0.12$224.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $2.56, cheapest $3.78)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$237.50Aug 28Sep 4$1.9727.9%24.8%
$240.00Aug 28Sep 4$1.9223.5%23.5%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$237.50Aug 28Sep 18$3.7827.9%23.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 8 found (cheapest 1.52% of stock, avg 3.75%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$240.00Aug 28$1.18$2.45$3.63$236.37$243.631.52%
$237.50Aug 28$2.83$1.27$4.10$233.40$241.601.72%
$235.00Aug 28$4.30$0.80$5.10$229.90$240.102.14%
$230.00Aug 28$9.20$0.43$9.63$220.37$239.634.04%
$230.00Sep 4$9.60$0.80$10.40$219.60$240.404.36%
$237.50Sep 18$6.75$5.05$11.80$225.70$249.304.95%
$232.50Sep 18$9.95$2.80$12.75$219.75$245.255.35%
$230.00Sep 18$11.90$2.15$14.05$215.95$244.055.89%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 49 found (cheapest 0.20% of stock, avg 1.72%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$245.00$220.00Aug 28$0.20$0.28$0.48$219.52$245.48
$245.00$230.00Aug 28$0.20$0.43$0.63$229.37$245.63
$245.00$232.50Aug 28$0.20$0.53$0.73$231.77$245.73
$242.50$220.00Aug 28$0.48$0.28$0.76$219.24$243.26
$242.50$230.00Aug 28$0.48$0.43$0.91$229.09$243.41
$242.50$232.50Aug 28$0.48$0.53$1.01$231.49$243.51
$245.00$235.00Aug 28$0.20$0.80$1.00$234.00$246.00
$242.50$235.00Aug 28$0.48$0.80$1.28$233.72$243.78
$245.00$237.50Aug 28$0.20$1.27$1.47$236.03$246.47
$242.50$237.50Aug 28$0.48$1.27$1.75$235.75$244.25

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 14 found (best R:R 1.40, avg credit $0.89)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
230/232250/252Sep 18$1.46$1.0446%1.40$231.04$251.46
228/230242/245Aug 28$0.61$1.8968%0.32$229.39$243.11
232/235245/248Sep 4$1.38$1.1237%1.23$233.62$246.38
230/232248/250Sep 18$1.05$1.4541%0.72$231.45$248.55
230/232245/248Sep 4$0.90$1.6047%0.56$231.60$245.90
230/232242/245Aug 28$0.38$2.1264%0.18$232.12$242.88
232/235242/245Aug 28$0.55$1.9556%0.28$234.45$243.05
220/225250/252Sep 18$1.36$3.6460%0.37$223.64$251.36
225/230250/252Sep 18$1.58$3.4252%0.46$228.42$251.58
220/225248/250Sep 18$0.95$4.0556%0.23$224.05$248.45

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 12 found (best R:R 21.73, cheapest $0.17)

CALLS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$240.00$242.50$245.00Aug 28$0.42$2.0831%4.95
$237.50$240.00$242.50Aug 28$0.95$1.5542%1.63
$237.50$240.00$242.50Sep 18$0.80$1.7013%2.12
$250.00$252.50$255.00Sep 18$1.12$1.386%1.23
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$220.00$225.00$230.00Sep 18$0.22$4.7815%21.73
$232.50$235.00$237.50Aug 28$0.20$2.3023%11.50
$230.00$232.50$235.00Aug 28$0.17$2.3312%13.71
$235.00$237.50$240.00Aug 28$0.71$1.7939%2.52
$220.00$222.50$225.00Aug 28$0.22$2.282%10.36

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 29 found (best net $--, 24 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$230.00$237.501:2Sep 4$0.00$7.50
$242.50$247.501:2Sep 18-$0.21$4.79
$235.00$237.501:2Aug 28-$1.36$1.14
$240.00$245.001:2Sep 4-$1.46$3.54
$245.00$255.001:2Aug 28$0.00$10.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$237.501:2Aug 28-$0.09$2.41
$237.50$235.001:2Aug 28-$0.33$2.17
$230.00$225.001:2Sep 18-$0.61$4.39
$225.00$220.001:2Sep 18-$0.28$4.72
$235.00$232.501:2Sep 4-$0.32$2.18

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 10 found (best yield 1.43%, avg 0.60%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$242.50Sep 18$3.400.411.7%1.43%3.15%276
$240.00Sep 18$3.500.470.7%1.47%2.14%41.4K
$250.00Sep 18$1.400.234.9%0.59%5.45%51.1K
$247.50Sep 18$1.250.273.8%0.52%4.34%1--
$255.00Sep 18$0.750.177.0%0.31%7.28%7--
$245.00Sep 4$1.050.322.8%0.44%3.21%11214
$247.50Sep 4$0.750.253.8%0.31%4.13%1--
$240.00Sep 4$1.900.470.7%0.80%1.47%3022
$252.50Sep 18$0.100.165.9%0.04%5.96%11
$240.00Aug 28$0.250.410.7%0.10%0.78%8--

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 334
Total Puts 817
Put/Call Ratio 2.45
Net Difference -483

Prior's Put/Call Breakdown

Total Calls 1,604
Total Puts 204
Put/Call Ratio 0.13
Net Difference 1,400

Prior 7-Day Put/Call Summary

Total Calls 8,236
Total Puts 5,592
Average Put/Call Ratio 0.93
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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