Tour v344
CTSH
COGNIZANT TECHNOLOGY A
$44.56 +3.20%
7/16 18:21

Option Volume

Detail
Current (07/16) 7,399
Calls: 1,819 (25%)
Puts: 5,580 (75%)
Prior (07/15) 954
Calls: 544 (57%)
Puts: 410 (43%)
Current vs Prior +675.58%
Calls: +234.38% (Calls)
Puts: +1260.98% (Puts)
Prior 7-Day Total 24,572
Calls: 16,087 (65%)
Puts: 8,485 (35%)
Prior 7-Day Average 3,510
Calls: 2,298 (65%)
Puts: 1,212 (35%)
Current vs Prior 7-Day Avg +110.78%
Calls: -20.85%
Puts: +360.34%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/16) $1.68M
Calls: $317.0K (19%)
Puts: $1.36M (81%)
Prior (07/15) $453.9K
Calls: $202.5K (45%)
Puts: $251.4K (55%)
Current vs Prior +270.14%
Calls: +56.54%
Puts: +442.20%
Prior 7-Day Total $6.49M
Calls: $3.52M (54%)
Puts: $2.97M (46%)
Prior 7-Day Average $926.6K
Calls: $502.4K (54%)
Puts: $424.2K (46%)
Current vs Prior 7-Day Avg +81.30%
Calls: -36.91%
Puts: +221.30%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/16) 3.07
Prior (07/15) 0.75
Current vs Prior +307.02%
Prior 7-Day Average 0.84
Current vs Prior 7-Day Avg +263.44%
Sentiment BEARISH

Open Interest

Detail
Current (07/16) 47,383
Calls: 20,287 (43%)
Puts: 27,096 (57%)
Prior (07/15) 23,197
Calls: 16,350 (70%)
Puts: 6,847 (30%)
Current vs Prior +104.26%
Prior 7-Day Total 310,550
Calls: 153,368 (49%)
Puts: 157,182 (51%)
Prior 7-Day Average 44,364
Calls: 21,909 (49%)
Puts: 22,454 (51%)
Current vs Prior 7-Day Avg +6.80%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/17) | Next (08/21)Expiry (07/17) | Next (08/21)
Current 2.54% | 13.24%2.54% | 13.24%
Prior 4.19% | 14.82%4.19% | 14.82%
Current vs Prior -39.50% | -10.67%-39.50% | -10.67%
Prior 7-Day Avg 5.39% | 15.56%5.39% | 15.56%
Current vs 7-Day Avg -52.98% | -14.91%-52.98% | -14.91%
Prior 7-Day Eod 4.19% | 14.82%4.19% | 14.82%
Current vs 7-Day Eod -39.50% | -10.67%-39.50% | -10.67%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 22.49% | 28.50%
Calls: 14.93% | 32.26%
Puts: 30.05% | 24.75%
Prior 22.49% | 28.50%
Calls: 14.93% | 32.26%
Puts: 30.05% | 24.75%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 22.49% | 28.50%
Calls: 14.93% | 32.26%
Puts: 30.05% | 24.75%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bearish conviction with 81% of dollar volume in puts ($1.36M) vs calls ($317.0K). Massive premium surge with dollar volume up 270% vs prior. Dollar volume significantly above 7-day average (81% higher). Unusually high activity with volume up 676% vs prior - elevated interest.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
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 9.8%, best 9.8%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Aug 211.952.15$2.059.8%220.40345
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.77, cheapest $0.77)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.50Aug 210.700.85$0.7719.5%290.16358

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 8 found (avg delta 0.77, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Jul 171.902.60$2.2531.1%90.885.3K
$37.50Aug 216.708.30$7.5021.3%370.83122
$40.00Aug 215.407.00$6.2025.8%40.75--
$42.50Aug 213.905.80$4.8539.2%480.64859
$45.00Aug 212.403.20$2.8028.6%450.51416
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Jul 173.506.60$5.0561.4%2660.98--
$47.50Jul 171.504.60$3.05101.6%550.93277
$45.00Jul 170.500.95$0.7361.6%4.1K0.60951

Most actively traded options today. High liquidity = easy entry/exit. 21 active (total vol 5.7K, top 4.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Jul 170.300.50$0.4050.0%9970.416.9K
$42.50Aug 213.905.80$4.8539.2%480.64859
$45.00Aug 212.403.20$2.8028.6%450.51416
$37.50Aug 216.708.30$7.5021.3%370.83122
$47.50Aug 211.952.15$2.059.8%220.40345
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Jul 170.500.95$0.7361.6%4.1K0.60951
$50.00Jul 173.506.60$5.0561.4%2660.98--
$47.50Jul 171.504.60$3.05101.6%550.93277
$37.50Aug 210.700.85$0.7719.5%290.16358
$42.50Jul 170.050.20$0.13115.4%210.131.9K

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 86.8%, max 236.0%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$50.00Jul 17Aug 21128.9%63.9%101.7%221.3K
$47.50Jul 17Aug 2194.4%57.8%63.3%24345
$42.50Jul 17Aug 2188.0%53.9%63.2%576.2K
$45.00Jul 17Aug 2161.2%54.1%13.1%1.0K7.3K
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$37.50Jul 17Aug 21204.1%60.7%236.0%30358
$40.00Jul 17Aug 21140.6%58.3%141.2%151.5K
$42.50Jul 17Aug 2188.0%53.9%63.2%412.1K
$45.00Jul 17Aug 2161.2%54.1%13.1%4.1K951

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 10 found (best R:R 7.33, avg 2.90)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$45.00$47.50Jul 17$0.30$2.20$0.307.33$45.30
$47.50$50.00Aug 21$0.40$2.10$0.405.25$47.90
$45.00$47.50Aug 21$0.75$1.75$0.752.33$45.75
$50.00$52.50Aug 21$0.90$1.60$0.901.78$50.90
$37.50$40.00Aug 21$1.30$1.20$1.300.92$38.80
BEAR PUT (4)
BuySellExpiryDebitMax GainMax LossR:RBE
$40.00$37.50Aug 21$0.56$1.94$0.563.46$39.44
$45.00$42.50Jul 17$0.60$1.90$0.603.17$44.40
$42.50$40.00Aug 21$0.70$1.80$0.702.57$41.80
$45.00$42.50Aug 21$1.07$1.43$1.071.34$43.93

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 14 found (best R:R 12.89, avg 2.12)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$42.50$45.00Aug 21$2.05$2.05$0.454.56$44.55
$42.50$45.00Jul 17$1.85$1.85$0.652.85$44.35
$40.00$42.50Aug 21$1.35$1.35$1.151.17$41.35
$37.50$40.00Aug 21$1.30$1.30$1.201.08$38.80
$50.00$52.50Aug 21$0.90$0.90$1.600.56$50.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$47.50$45.00Jul 17$2.32$2.32$0.1812.89$45.18
$50.00$47.50Jul 17$2.00$2.00$0.504.00$48.00
$45.00$42.50Aug 21$1.07$1.07$1.430.75$43.93
$42.50$40.00Aug 21$0.70$0.70$1.800.39$41.80
$45.00$42.50Jul 17$0.60$0.60$1.900.32$44.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $1.84, cheapest $0.69)

CALLS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$50.00Jul 17Aug 21$1.60128.9%63.9%
$47.50Jul 17Aug 21$1.9594.4%57.8%
$45.00Jul 17Aug 21$2.4061.2%54.1%
$42.50Jul 17Aug 21$2.6088.0%53.9%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$37.50Jul 17Aug 21$0.69204.1%60.7%
$40.00Jul 17Aug 21$1.25140.6%58.3%
$42.50Jul 17Aug 21$1.9088.0%53.9%
$45.00Jul 17Aug 21$2.3761.2%54.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 8 found (cheapest 2.54% of stock, avg 11.32%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$45.00Jul 17$0.40$0.73$1.13$43.87$46.132.54%
$42.50Jul 17$2.25$0.13$2.38$40.12$44.885.34%
$47.50Jul 17$0.10$3.05$3.15$44.35$50.657.07%
$50.00Jul 17$0.05$5.05$5.10$44.90$55.1011.45%
$45.00Aug 21$2.80$3.10$5.90$39.10$50.9013.24%
$42.50Aug 21$4.85$2.03$6.88$35.62$49.3815.44%
$40.00Aug 21$6.20$1.33$7.53$32.47$47.5316.90%
$37.50Aug 21$7.50$0.77$8.27$29.23$45.7718.56%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 16 found (cheapest 0.40% of stock, avg 5.74%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$47.50$40.00Jul 17$0.10$0.08$0.18$39.82$47.68
$47.50$42.50Jul 17$0.10$0.13$0.23$42.27$47.73
$45.00$40.00Jul 17$0.40$0.08$0.48$39.52$45.48
$45.00$42.50Jul 17$0.40$0.13$0.53$41.97$45.53
$52.50$37.50Aug 21$0.75$0.77$1.52$35.98$54.02
$52.50$40.00Aug 21$0.75$1.33$2.08$37.92$54.58
$50.00$37.50Aug 21$1.65$0.77$2.42$35.08$52.42
$52.50$42.50Aug 21$0.75$2.03$2.78$39.72$55.28
$47.50$37.50Aug 21$2.05$0.77$2.82$34.68$50.32
$50.00$40.00Aug 21$1.65$1.33$2.98$37.02$52.98

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 8 found (best R:R 3.72, avg credit $1.42)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
42/4550/52Aug 21$1.97$0.533.72$43.03$51.97
40/4250/52Aug 21$1.60$0.901.78$40.90$51.60
42/4548/50Aug 21$1.47$1.031.43$43.53$48.97
38/4050/52Aug 21$1.46$1.041.40$38.54$51.46
40/4245/48Aug 21$1.45$1.051.38$41.05$46.45
38/4045/48Aug 21$1.31$1.191.10$38.69$46.31
40/4248/50Aug 21$1.10$1.400.79$41.40$48.60
38/4048/50Aug 21$0.96$1.540.62$39.04$48.46

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 9 found (best R:R 49.00, cheapest $0.05)

CALLS (4)
LowMidHighExpiryDebitMax GainR:R
$45.00$47.50$50.00Jul 17$0.25$2.259.00
$45.00$47.50$50.00Aug 21$0.35$2.156.14
$42.50$45.00$47.50Aug 21$1.30$1.200.92
$42.50$45.00$47.50Jul 17$1.55$0.950.61
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$37.50$40.00$42.50Jul 17$0.05$2.4549.00
$37.50$40.00$42.50Aug 21$0.14$2.3616.86
$40.00$42.50$45.00Aug 21$0.37$2.135.76
$40.00$42.50$45.00Jul 17$0.55$1.953.55
$42.50$45.00$47.50Jul 17$1.72$0.780.45

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 15 found (best net $--, 10 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.50$50.001:2Jul 17$0.00$2.50
$42.50$45.001:2Aug 21-$0.75$1.75
$47.50$50.001:2Aug 21-$1.25$1.25
$45.00$47.501:2Aug 21-$1.30$1.20
$50.00$52.501:2Aug 21$0.15$2.35
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$42.50$40.001:2Jul 17-$0.03$2.47
$40.00$37.501:2Jul 17-$0.08$2.42
$40.00$37.501:2Aug 21-$0.21$2.29
$42.50$40.001:2Aug 21-$0.63$1.87
$45.00$42.501:2Aug 21-$0.96$1.54

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 5 found (best yield 5.39%, avg 2.72%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$45.00Aug 21$2.400.511.0%5.39%6.37%45416
$47.50Aug 21$1.950.406.6%4.38%10.97%22345
$50.00Aug 21$0.800.3212.2%1.80%14.00%21638
$52.50Aug 21$0.600.1917.8%1.35%19.17%855
$45.00Jul 17$0.300.411.0%0.67%1.66%9976.9K

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 1,819
Total Puts 5,580
Put/Call Ratio 3.07
Net Difference -3,761

Prior's Put/Call Breakdown

Total Calls 544
Total Puts 410
Put/Call Ratio 0.75
Net Difference 134

Prior 7-Day Put/Call Summary

Total Calls 16,087
Total Puts 8,485
Average Put/Call Ratio 0.84
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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