Tour v344
CI
THE CIGNA GROUP
$283.82 -4.70%
$284.80 (+0.35%)🌙
as of 07/16 06:18 PM
7/16 18:18

Option Volume

Detail
Current (07/16) 3,701
Calls: 1,797 (49%)
Puts: 1,904 (51%)
Prior (07/15) 2,327
Calls: 442 (19%)
Puts: 1,885 (81%)
Current vs Prior +59.05%
Calls: +306.56% (Calls)
Puts: +1.01% (Puts)
Prior 7-Day Total 12,373
Calls: 6,091 (49%)
Puts: 6,282 (51%)
Prior 7-Day Average 1,767
Calls: 870 (49%)
Puts: 897 (51%)
Current vs Prior 7-Day Avg +109.38%
Calls: +106.52%
Puts: +112.16%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/16) $3.73M
Calls: $1.42M (38%)
Puts: $2.31M (62%)
Prior (07/15) $4.58M
Calls: $496.9K (11%)
Puts: $4.08M (89%)
Current vs Prior -18.52%
Calls: +186.06%
Puts: -43.43%
Prior 7-Day Total $11.53M
Calls: $5.75M (50%)
Puts: $5.78M (50%)
Prior 7-Day Average $1.65M
Calls: $821.6K (50%)
Puts: $825.3K (50%)
Current vs Prior 7-Day Avg +126.51%
Calls: +73.00%
Puts: +179.79%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/16) 1.06
Prior (07/15) 4.26
Current vs Prior -75.16%
Prior 7-Day Average 1.48
Current vs Prior 7-Day Avg -28.50%
Sentiment BEARISH

Open Interest

Detail
Current (07/16) 30,460
Calls: 20,247 (66%)
Puts: 10,213 (34%)
Prior (07/15) 12,713
Calls: 8,893 (70%)
Puts: 3,820 (30%)
Current vs Prior +139.60%
Prior 7-Day Total 119,112
Calls: 87,583 (74%)
Puts: 31,529 (26%)
Prior 7-Day Average 17,016
Calls: 12,511 (74%)
Puts: 4,504 (26%)
Current vs Prior 7-Day Avg +79.01%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 2.08% | 3.75%2.08% | 11.06%
Prior 2.75% | 3.96%2.75% | 11.16%
Current vs Prior -24.32% | -5.30%-24.32% | -0.91%
Prior 7-Day Avg 2.70% | 4.16%3.49% | 11.19%
Current vs 7-Day Avg -23.14% | -9.81%-40.43% | -1.14%
Prior 7-Day Eod 2.75% | 3.96%2.75% | 11.16%
Current vs 7-Day Eod -24.32% | -5.30%-24.32% | -0.91%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 54.66% | 9.91%
Calls: 60.67% | 8.96%
Puts: 48.65% | 10.85%
Prior 54.66% | 9.91%
Calls: 60.67% | 8.96%
Puts: 48.65% | 10.85%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 54.66% | 9.91%
Calls: 60.67% | 8.96%
Puts: 48.65% | 10.85%
Current vs 7-Day Avg -0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bearish flow with 62% put dollar volume ($2.31M). Dollar volume significantly above 7-day average (127% higher). Above-average activity with volume up 59% vs prior. Volume explosion - 109% above 7-day average (3,701 vs avg 1,767).

Smart Money BEARISH
Retail Flow NEUTRAL
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 8 of results (avg 9.1%, best 8.0%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Aug 2127.8030.40$29.108.9%10.7957
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Aug 2121.6023.40$22.508.0%40.67--
$290.00Aug 2115.4016.70$16.058.1%360.55128
$310.00Aug 2128.3030.90$29.608.8%300.77--
$295.00Aug 716.7018.40$17.559.7%60.64--
$310.00Jul 1725.3027.90$26.609.8%150.89--

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. 38 found (avg delta 0.72, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Jul 1722.1024.80$23.4511.5%21.00--
$267.50Jul 2415.2018.00$16.6016.9%10.86--
$260.00Jul 3125.1027.80$26.4510.2%40.84--
$260.00Aug 2127.8030.40$29.108.9%10.7957
$280.00Jul 173.205.10$4.1545.8%940.73433
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$297.50Jul 1712.8015.40$14.1018.4%30.96--
$300.00Jul 1715.3017.90$16.6015.7%130.9690
$302.50Jul 1717.8020.40$19.1013.6%160.95--
$295.00Jul 1710.3013.00$11.6523.2%120.95226
$292.50Jul 178.0010.50$9.2527.0%120.94--

Most actively traded options today. High liquidity = easy entry/exit. 132 active (total vol 2.6K, top 328)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$292.50Jul 241.203.20$2.2090.9%2310.2674
$300.00Jul 170.000.30$0.15200.0%1340.04653
$290.00Jul 316.408.30$7.3525.9%1030.41190
$280.00Jul 173.205.10$4.1545.8%940.73433
$282.50Jul 243.406.20$4.8058.3%790.53--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$285.00Jul 3110.1011.70$10.9014.7%3280.5123
$260.00Aug 72.553.90$3.2241.9%1350.197
$260.00Aug 214.004.60$4.3014.0%850.21162
$280.00Jul 170.551.70$1.13101.8%740.29166
$282.50Jul 171.303.20$2.2584.4%700.4541

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 27 strikes (avg 81.2%, max 296.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$310.00Jul 17Aug 21143.3%36.2%296.2%242.6K
$315.00Jul 17Aug 28124.9%35.5%252.2%314
$260.00Jul 17Aug 2194.2%37.5%151.4%357
$305.00Jul 17Aug 2881.8%35.9%127.8%18106
$300.00Jul 17Aug 2164.8%37.0%74.9%1491.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$310.00Jul 17Aug 21143.3%36.2%296.2%45--
$250.00Jul 17Aug 2899.0%37.4%164.8%3--
$260.00Jul 17Aug 2894.2%35.6%164.7%2--
$300.00Jul 17Aug 2164.8%37.0%74.9%1790
$302.50Jul 17Jul 3178.1%44.8%74.3%29236

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 86 found (best R:R 65.67, avg 4.98)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$310.00$315.00Jul 24$0.15$4.85$0.1532.33$310.15
$330.00$340.00Aug 21$0.48$9.52$0.4819.83$330.48
$307.50$310.00Jul 24$0.13$2.37$0.1318.23$307.63
$300.00$302.50Jul 24$0.17$2.33$0.1713.71$300.17
$310.00$315.00Jul 31$0.35$4.65$0.3513.29$310.35
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$260.00$250.00Jul 17$0.15$9.85$0.1565.67$259.85
$262.50$260.00Jul 24$0.18$2.32$0.1812.89$262.32
$277.50$275.00Jul 17$0.23$2.27$0.239.87$277.27
$250.00$240.00Aug 21$1.15$8.85$1.157.70$248.85
$250.00$240.00Aug 28$1.18$8.82$1.187.47$248.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 98 found (best R:R 27.57, avg 1.19)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$260.00$280.00Jul 17$19.30$19.30$0.7027.57$279.30
$280.00$282.50Jul 24$2.15$2.15$0.356.14$282.15
$267.50$277.50Jul 24$8.40$8.40$1.605.25$275.90
$260.00$280.00Jul 31$14.50$14.50$5.502.64$274.50
$260.00$280.00Aug 21$13.75$13.75$6.252.20$273.75
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$300.00$292.50Jul 24$6.65$6.65$0.857.82$293.35
$302.50$300.00Jul 31$2.05$2.05$0.454.56$300.45
$287.50$285.00Jul 24$1.90$1.90$0.603.17$285.60
$290.00$285.00Jul 17$3.75$3.75$1.253.00$286.25
$310.00$295.00Aug 7$10.95$10.95$4.052.70$299.05

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 32 found (avg debit $1.84, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$315.00Jul 17Jul 24$0.05124.9%43.9%
$302.50Jul 17Jul 24$0.5078.1%35.2%
$300.00Jul 17Jul 24$0.7564.8%34.1%
$330.00Jul 31Aug 21$0.9047.2%37.0%
$295.00Jul 17Jul 24$1.2549.0%31.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$300.00Jul 17Jul 24$0.3564.8%34.1%
$260.00Jul 17Jul 24$0.4294.2%41.2%
$240.00Aug 21Aug 28$0.5339.0%39.0%
$265.00Jul 31Aug 7$0.5745.1%39.8%
$270.00Jul 17Jul 24$1.0055.0%32.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 33 found (cheapest 1.50% of stock, avg 6.42%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$285.00Jul 17$1.30$2.95$4.25$280.75$289.251.50%
$282.50Jul 17$2.95$2.25$5.20$277.30$287.701.83%
$280.00Jul 17$4.15$1.13$5.28$274.72$285.281.86%
$290.00Jul 17$0.55$6.70$7.25$282.75$297.252.55%
$292.50Jul 17$0.15$9.25$9.40$283.10$301.903.31%
$282.50Jul 24$4.80$4.65$9.45$273.05$291.953.33%
$285.00Jul 24$4.20$5.85$10.05$274.95$295.053.54%
$280.00Jul 24$6.95$3.38$10.33$269.67$290.333.64%
$277.50Jul 24$8.20$2.55$10.75$266.75$288.253.79%
$287.50Jul 24$3.25$7.75$11.00$276.50$298.503.88%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 146 found (cheapest 0.12% of stock, avg 3.19%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$292.50$275.00Jul 17$0.15$0.20$0.35$274.65$292.85
$292.50$272.50Jul 17$0.15$0.20$0.35$272.15$292.85
$292.50$277.50Jul 17$0.15$0.43$0.58$276.92$293.08
$290.00$275.00Jul 17$0.55$0.20$0.75$274.25$290.75
$290.00$272.50Jul 17$0.55$0.20$0.75$271.75$290.75
$290.00$277.50Jul 17$0.55$0.43$0.98$276.52$290.98
$310.00$275.00Jul 17$1.08$0.20$1.28$273.72$311.28
$310.00$272.50Jul 17$1.08$0.20$1.28$271.22$311.28
$292.50$280.00Jul 17$0.15$1.13$1.28$278.72$293.78
$287.50$275.00Jul 17$1.25$0.20$1.45$273.55$288.95

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 224 found (best R:R 15.67, avg credit $3.05)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
278/280282/285Jul 17$2.35$0.1515.67$277.65$284.85
260/262280/282Jul 24$2.33$0.1713.71$260.17$282.33
282/285302/305Jul 31$2.33$0.1713.71$282.67$304.83
290/292302/305Jul 31$2.23$0.278.26$290.27$304.73
285/290310/312Jul 17$4.45$0.558.09$285.55$314.45
280/282285/288Jul 24$2.22$0.287.93$280.28$287.22
288/290292/295Jul 24$2.20$0.307.33$287.80$294.70
270/272288/290Jul 31$2.20$0.307.33$270.30$289.70
270/275280/285Aug 7$4.30$0.706.14$270.70$284.30
260/262268/278Jul 24$8.58$1.426.04$253.92$276.08

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 41 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$300.00$305.00$310.00Aug 14$0.10$4.9049.00
$320.00$330.00$340.00Aug 21$0.24$9.7640.67
$295.00$297.50$300.00Jul 17$0.10$2.4024.00
$290.00$300.00$310.00Aug 21$0.80$9.2011.50
$300.00$310.00$320.00Aug 21$0.90$9.1010.11
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$292.50$295.00$297.50Jul 17$0.05$2.4549.00
$295.00$297.50$300.00Jul 17$0.05$2.4549.00
$272.50$275.00$277.50Jul 24$0.10$2.4024.00
$265.00$270.00$275.00Aug 7$0.20$4.8024.00
$240.00$250.00$260.00Aug 28$0.54$9.4617.52

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 87 found (best net $-0.90, 73 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$260.00$280.001:2Aug 21-$1.60$18.40
$315.00$330.001:2Aug 28-$0.77$14.23
$290.00$305.001:2Aug 28-$1.20$13.80
$310.00$320.001:2Aug 21-$0.50$9.50
$330.00$340.001:2Aug 21-$0.62$9.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$310.00$290.001:2Aug 14-$0.90$19.10
$290.00$275.001:2Aug 14-$0.50$14.50
$285.00$270.001:2Aug 28-$1.45$13.55
$250.00$240.001:2Aug 21-$0.12$9.88
$270.00$260.001:2Jul 17-$0.23$9.77

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 35 found (best yield 3.59%, avg 1.25%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$290.00Aug 28$10.200.452.2%3.59%5.77%2--
$290.00Aug 21$9.700.442.2%3.42%5.60%25416
$285.00Aug 7$9.200.490.4%3.24%3.66%39--
$285.00Jul 31$8.800.490.4%3.10%3.52%1799
$287.50Jul 31$7.600.461.3%2.68%3.97%3--
$295.00Aug 14$6.500.373.9%2.29%6.23%1--
$290.00Jul 31$6.400.412.2%2.25%4.43%103190
$300.00Aug 21$6.200.335.7%2.18%7.89%15427
$292.50Jul 31$5.500.383.1%1.94%5.00%1--
$305.00Aug 28$5.000.297.5%1.76%9.22%12

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 1,797
Total Puts 1,904
Put/Call Ratio 1.06
Net Difference -107

Prior's Put/Call Breakdown

Total Calls 442
Total Puts 1,885
Put/Call Ratio 4.26
Net Difference -1,443

Prior 7-Day Put/Call Summary

Total Calls 6,091
Total Puts 6,282
Average Put/Call Ratio 1.48
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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