Tour v526
CAH
CARDINAL HEALTH INC
$239.35 +2.02%
$239.20 (-0.06%)🌙
as of 09/01 06:17 PM
(8/31 18:16) ◀
|
Tuesday, September 1, 2026 (6:17pm)
January 2026
|
▶
◀ 9/1 18:17

Option Volume

Detail
ℹ
Current (09/01) 534
Calls: 396 (74%)
Puts: 138 (26%)
Prior (08/31) 1,046
Calls: 735 (70%)
Puts: 311 (30%)
Current vs Prior -48.95%
Calls: -46.12% (Calls)
Puts: -55.63% (Puts)
Prior 7-Day Total 10,487
Calls: 5,759 (55%)
Puts: 4,728 (45%)
Prior 7-Day Average 1,498
Calls: 822 (55%)
Puts: 675 (45%)
Current vs Prior 7-Day Avg -64.36%
Calls: -51.87%
Puts: -79.57%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (09/01) $394.3K
Calls: $319.8K (81%)
Puts: $74.6K (19%)
Prior (08/31) $544.5K
Calls: $358.5K (66%)
Puts: $186.0K (34%)
Current vs Prior -27.58%
Calls: -10.81%
Puts: -59.89%
Prior 7-Day Total $5.98M
Calls: $4.13M (69%)
Puts: $1.84M (31%)
Prior 7-Day Average $853.6K
Calls: $590.0K (69%)
Puts: $263.6K (31%)
Current vs Prior 7-Day Avg -53.80%
Calls: -45.81%
Puts: -71.70%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (09/01) 0.35
Prior (08/31) 0.42
Current vs Prior -17.64%
Prior 7-Day Average 1.23
Current vs Prior 7-Day Avg -71.67%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (09/01) 11,734
Calls: 8,611 (73%)
Puts: 3,123 (27%)
Prior (08/31) 9,483
Calls: 8,042 (85%)
Puts: 1,441 (15%)
Current vs Prior +23.74%
Prior 7-Day Total 79,972
Calls: 51,186 (64%)
Puts: 28,786 (36%)
Prior 7-Day Average 11,424
Calls: 7,312 (64%)
Puts: 4,112 (36%)
Current vs Prior 7-Day Avg +2.71%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 2.26% | 3.57%4.37% | 9.05%
Prior 3.21% | 3.81%4.73% | 9.21%
Current vs Prior -29.70% | -6.36%-7.72% | -1.75%
Prior 7-Day Avg 2.69% | 3.94%4.23% | 9.29%
Current vs 7-Day Avg -16.28% | -9.24%+3.18% | -2.67%
Prior 7-Day Eod 3.21% | 3.81%4.73% | 9.21%
Current vs 7-Day Eod -29.70% | -6.36%-7.72% | -1.75%
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

Strong bullish conviction with 81% of dollar volume in calls ($319.8K) vs puts ($74.6K). Below-average activity with volume down 49% vs prior. Extreme bullish P/C ratio of 0.35 - heavy call buying (396 calls vs 138 puts). Call-heavy open interest (8,611 calls vs 3,123 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 BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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. 10 found (avg delta 0.69, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Sep 1828.1031.20$29.6510.5%10.98447
$230.00Sep 47.7010.90$9.3034.4%50.93143
$232.50Sep 45.508.20$6.8539.4%10.7615
$235.00Sep 43.207.10$5.1575.7%30.69--
$230.00Oct 1612.5014.60$13.5515.5%110.69226
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Sep 41.903.20$2.5551.0%20.54--
$240.00Oct 167.608.60$8.1012.3%160.5124

Most actively traded options today. High liquidity = easy entry/exit. 56 active (total vol 428, top 132)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Oct 166.608.30$7.4522.8%1320.481.6K
$240.00Sep 183.705.40$4.5537.4%410.491.4K
$240.00Sep 41.202.70$1.9576.9%350.4693
$245.00Sep 40.100.60$0.35142.9%200.14228
$242.50Sep 40.801.35$1.0850.9%150.3032
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Sep 180.000.65$0.33197.0%170.06847
$240.00Oct 167.608.60$8.1012.3%160.5124
$230.00Oct 163.804.60$4.2019.0%140.32134
$220.00Oct 161.702.25$1.9827.8%90.1744
$230.00Sep 40.050.35$0.20150.0%60.07120

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 33.6%, max 99.7%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$250.00Sep 4Oct 1648.1%24.1%99.7%443
$237.50Sep 4Sep 1830.1%22.7%32.8%561
$242.50Sep 4Sep 1827.1%22.4%20.8%17111
$240.00Sep 4Oct 1626.6%24.7%7.4%1671.7K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$240.00Sep 4Oct 1626.6%24.7%7.4%1824

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 30 found (best R:R 65.67, avg 6.45)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$237.50$240.00Sep 4$0.90$1.60$0.9062%1.78$238.40
$242.50$247.50Sep 18$1.25$3.75$1.2541%3.00$243.75
$245.00$250.00Oct 2$1.10$3.90$1.1035%3.55$246.10
$247.50$250.00Sep 18$0.52$1.98$0.5227%3.81$248.02
$237.50$240.00Sep 18$1.30$1.20$1.3058%0.92$238.80
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$230.00$220.00Sep 11$0.15$9.85$0.1514%65.67$229.85
$240.00$237.50Sep 4$0.80$1.70$0.8054%2.13$239.20
$235.00$232.50Sep 4$0.43$2.07$0.4331%4.81$234.57
$220.00$212.50Sep 18$0.15$7.35$0.156%49.00$219.85
$240.00$230.00Oct 16$3.90$6.10$3.9051%1.56$236.10

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 24 found (best R:R 0.95, avg 0.42)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$250.00$260.00Sep 18$1.28$1.28$8.7278%0.15$251.28
$240.00$245.00Oct 2$2.55$2.55$2.4552%1.04$242.55
$240.00$250.00Oct 9$4.00$4.00$6.0052%0.67$244.00
$255.00$260.00Oct 2$0.78$0.78$4.2284%0.18$255.78
$242.50$245.00Sep 4$0.73$0.73$1.7770%0.41$243.23
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$232.50$230.00Sep 4$1.22$1.22$1.2876%0.95$231.28
$230.00$220.00Sep 25$2.00$2.00$8.0073%0.25$228.00
$230.00$220.00Sep 18$1.27$1.27$8.7378%0.15$228.73
$235.00$230.00Oct 2$1.90$1.90$3.1061%0.61$233.10
$227.50$225.00Sep 4$0.38$0.38$2.1290%0.18$227.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $2.97, cheapest $2.75)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$237.50Sep 4Sep 11$2.1530.1%22.9%
$240.00Sep 4Sep 11$1.4326.6%22.7%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$235.00Sep 4Oct 2$2.7542.7%23.0%
$240.00Sep 4Oct 16$5.5526.6%24.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 7 found (cheapest 1.88% of stock, avg 4.01%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$240.00Sep 4$1.95$2.55$4.50$235.50$244.501.88%
$237.50Sep 4$2.85$1.75$4.60$232.90$242.101.92%
$235.00Sep 4$5.15$1.85$7.00$228.00$242.002.92%
$232.50Sep 4$6.85$1.42$8.27$224.23$240.773.46%
$230.00Sep 4$9.30$0.20$9.50$220.50$239.503.97%
$240.00Oct 16$7.45$8.10$15.55$224.45$255.556.50%
$230.00Oct 16$13.55$4.20$17.75$212.25$247.757.42%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 62 found (cheapest 0.22% of stock, avg 1.56%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$247.50$230.00Sep 4$0.33$0.20$0.53$229.47$248.03
$260.00$220.00Sep 18$0.25$0.33$0.58$219.42$260.58
$245.00$230.00Sep 4$0.35$0.20$0.55$229.45$245.55
$247.50$227.50Sep 4$0.33$0.48$0.81$226.69$248.31
$245.00$227.50Sep 4$0.35$0.48$0.83$226.67$245.83
$250.00$230.00Sep 4$0.85$0.20$1.05$228.95$251.05
$250.00$227.50Sep 4$0.85$0.48$1.33$226.17$251.33
$242.50$230.00Sep 4$1.08$0.20$1.28$228.72$243.78
$242.50$227.50Sep 4$1.08$0.48$1.56$225.94$244.06
$245.00$232.50Sep 4$0.35$1.42$1.77$230.73$246.77

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 8 found (best R:R 3.55, avg credit $1.85)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
230/232242/245Sep 4$1.95$0.5546%3.55$230.55$244.45
225/228242/245Sep 4$1.11$1.3960%0.80$226.39$243.61
232/235242/245Sep 4$1.16$1.3439%0.87$233.84$243.66
212/220250/260Sep 18$1.43$8.5773%0.17$218.57$251.43
220/230250/260Sep 18$2.55$7.4557%0.34$227.45$252.55
212/220248/250Sep 18$0.67$6.8367%0.10$219.33$248.17
220/230250/260Oct 16$4.14$5.8638%0.71$225.86$254.14
220/230248/250Sep 18$1.79$8.2151%0.22$228.21$249.29

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 16 found (best R:R 4.95, cheapest $0.09)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$250.00$255.00$260.00Oct 2$0.09$4.9116%54.56
$240.00$242.50$245.00Sep 4$0.14$2.3632%16.86
$245.00$250.00$255.00Oct 2$0.23$4.7718%20.74
$240.00$242.50$245.00Sep 11$0.15$2.3522%15.67
$230.00$240.00$250.00Oct 16$2.30$7.7039%3.35
PUTS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$220.00$230.00$240.00Oct 16$1.68$8.3234%4.95
$222.50$225.00$227.50Sep 4$0.46$2.046%4.43
$235.00$237.50$240.00Sep 4$0.90$1.6023%1.78
$227.50$230.00$232.50Sep 4$1.50$1.0014%0.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 40 found (best net $-1.35, 28 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$230.00$240.001:2Oct 16-$1.35$8.65
$240.00$245.001:2Oct 2-$0.75$4.25
$235.00$237.501:2Sep 4-$0.55$1.95
$242.50$247.501:2Sep 18-$0.80$4.20
$240.00$242.501:2Sep 4-$0.21$2.29
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$230.001:2Oct 16-$0.30$9.70
$235.00$230.001:2Oct 2-$0.80$4.20
$230.00$220.001:2Sep 11-$0.33$9.67
$215.00$200.001:2Sep 11-$0.39$14.61
$220.00$212.501:2Sep 18-$0.03$7.47

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 21 found (best yield 2.76%, avg 0.97%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$240.00Oct 16$6.600.480.3%2.76%3.03%1321.6K
$250.00Oct 16$3.200.304.5%1.34%5.79%3--
$240.00Oct 9$6.000.480.3%2.51%2.78%1--
$240.00Oct 2$5.200.480.3%2.17%2.44%49
$250.00Oct 9$2.200.284.5%0.92%5.37%1--
$240.00Sep 25$4.500.490.3%1.88%2.15%2--
$260.00Oct 16$1.250.178.6%0.52%9.15%28
$250.00Oct 2$1.800.254.5%0.75%5.20%1--
$242.50Sep 18$3.000.411.3%1.25%2.57%279
$245.00Oct 2$2.200.352.4%0.92%3.28%31

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 396
Total Puts 138
Put/Call Ratio 0.35
Net Difference 258

Prior's Put/Call Breakdown

Total Calls 735
Total Puts 311
Put/Call Ratio 0.42
Net Difference 424

Prior 7-Day Put/Call Summary

Total Calls 5,759
Total Puts 4,728
Average Put/Call Ratio 1.23
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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