Tour v293
ELV
ELEVANCE HEALTH INC
$408.17 -2.33%
$408.20 (+0.01%)🌙
as of 07/06 06:24 PM
7/6 18:24

Option Volume

Detail
Current (07/06) 419
Calls: 174 (42%)
Puts: 245 (58%)
Prior (07/02) 844
Calls: 658 (78%)
Puts: 186 (22%)
Current vs Prior -50.36%
Calls: -73.56% (Calls)
Puts: +31.72% (Puts)
Prior 7-Day Total 7,082
Calls: 3,425 (48%)
Puts: 3,657 (52%)
Prior 7-Day Average 1,011
Calls: 489 (48%)
Puts: 522 (52%)
Current vs Prior 7-Day Avg -58.59%
Calls: -64.44%
Puts: -53.10%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/06) $538.2K
Calls: $267.4K (50%)
Puts: $270.9K (50%)
Prior (07/02) $1.81M
Calls: $1.66M (91%)
Puts: $155.4K (9%)
Current vs Prior -70.33%
Calls: -83.88%
Puts: +74.28%
Prior 7-Day Total $10.66M
Calls: $6.49M (61%)
Puts: $4.18M (39%)
Prior 7-Day Average $1.52M
Calls: $926.8K (61%)
Puts: $596.7K (39%)
Current vs Prior 7-Day Avg -64.67%
Calls: -71.15%
Puts: -54.61%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/06) 1.41
Prior (07/02) 0.28
Current vs Prior +398.12%
Prior 7-Day Average 1.47
Current vs Prior 7-Day Avg -4.15%
Sentiment BEARISH

Open Interest

Detail
Current (07/06) 6,438
Calls: 3,180 (49%)
Puts: 3,258 (51%)
Prior (07/02) 5,879
Calls: 4,058 (69%)
Puts: 1,821 (31%)
Current vs Prior +9.51%
Prior 7-Day Total 49,403
Calls: 29,698 (60%)
Puts: 19,705 (40%)
Prior 7-Day Average 7,057
Calls: 4,242 (60%)
Puts: 2,815 (40%)
Current vs Prior 7-Day Avg -8.78%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/17) | Next (08/21)Expiry (07/17) | Next (08/21)
Current 7.34% | 12.53%7.34% | 12.53%
Prior 7.75% | 12.12%-- | --
Current vs Prior -5.36% | +3.39%-- | --
Prior 7-Day Avg 8.61% | 12.69%-- | --
Current vs 7-Day Avg -14.79% | -1.25%-- | --
Prior 7-Day Eod 7.75% | 12.12%-- | --
Current vs 7-Day Eod -5.36% | +3.39%-- | --
Sentiment BULLISH--

Relative Spread

Detail
Expiry | Next
Current 16.65% | 10.89%
Calls: 9.66% | 8.91%
Puts: 23.64% | 12.87%
Prior 16.65% | 10.89%
Calls: 9.66% | 8.91%
Puts: 23.64% | 12.87%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 17.20% | 13.86%
Calls: 13.92% | 12.19%
Puts: 20.47% | 15.53%
Current vs 7-Day Avg -3.17% | -21.44%
Liquidity Expensive
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🤖 AI Insights

Light premium activity with dollar volume down 70% vs prior. Below-average activity with volume down 50% vs prior. Bearish P/C ratio of 1.41 indicates protective positioning. P/C ratio rising 398% - increased hedging/bearish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 7.0%, best 7.0%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Jul 17104.20111.70$107.956.9%10.989
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. 5 found (avg delta 0.74, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Jul 17104.20111.70$107.956.9%10.989
$380.00Jul 1728.4033.70$31.0517.1%20.83312
$390.00Jul 1721.8026.00$23.9017.6%10.74--
$400.00Jul 1716.3018.40$17.3512.1%10.63--
$410.00Jul 1710.8013.00$11.9018.5%70.50260
PUTS (0)
No puts meet the criteria

Most actively traded options today. High liquidity = easy entry/exit. 14 active (total vol 35, top 7)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$410.00Jul 1710.8013.00$11.9018.5%70.50260
$420.00Jul 176.808.70$7.7524.5%40.38616
$430.00Jul 173.905.20$4.5528.6%30.26130
$380.00Jul 1728.4033.70$31.0517.1%20.83312
$440.00Jul 171.802.90$2.3546.8%20.16--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Jul 172.453.70$3.0840.6%70.17339
$350.00Jul 170.001.00$0.50200.0%20.03413
$390.00Jul 174.106.00$5.0537.6%20.26256
$300.00Jul 170.000.80$0.40200.0%10.02301
$370.00Jul 170.752.00$1.3890.6%10.09--

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

No setups found for this strategy

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 9 found (best R:R 21.73, avg 5.51)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$440.00$450.00Jul 17$0.87$9.13$0.8710.49$440.87
$430.00$440.00Jul 17$2.20$7.80$2.203.55$432.20
$420.00$430.00Jul 17$3.20$6.80$3.202.12$423.20
$410.00$420.00Jul 17$4.15$5.85$4.151.41$414.15
$400.00$410.00Jul 17$5.45$4.55$5.450.83$405.45
BEAR PUT (3)
BuySellExpiryDebitMax GainMax LossR:RBE
$370.00$350.00Jul 17$0.88$19.12$0.8821.73$369.12
$380.00$370.00Jul 17$1.70$8.30$1.704.88$378.30
$390.00$380.00Jul 17$1.97$8.03$1.974.08$388.03

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 11 found (best R:R 24.81, avg 2.95)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$300.00$380.00Jul 17$76.90$76.90$3.1024.81$376.90
$380.00$390.00Jul 17$7.15$7.15$2.852.51$387.15
$390.00$400.00Jul 17$6.55$6.55$3.451.90$396.55
$400.00$410.00Jul 17$5.45$5.45$4.551.20$405.45
$410.00$420.00Jul 17$4.15$4.15$5.850.71$414.15
BULL PUT (3)
SellBuyExpiryCreditMax GainMax LossR:RBE
$390.00$380.00Jul 17$1.97$1.97$8.030.25$388.03
$380.00$370.00Jul 17$1.70$1.70$8.300.20$378.30
$370.00$350.00Jul 17$0.88$0.88$19.120.05$369.12

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 3 found (cheapest 7.09% of stock, avg 14.00%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$390.00Jul 17$23.90$5.05$28.95$361.05$418.957.09%
$380.00Jul 17$31.05$3.08$34.13$345.87$414.138.36%
$300.00Jul 17$107.95$0.40$108.35$191.65$408.3526.55%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 12 found (cheapest 0.70% of stock, avg 1.76%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$450.00$370.00Jul 17$1.48$1.38$2.86$367.14$452.86
$440.00$370.00Jul 17$2.35$1.38$3.73$366.27$443.73
$450.00$380.00Jul 17$1.48$3.08$4.56$375.44$454.56
$440.00$380.00Jul 17$2.35$3.08$5.43$374.57$445.43
$430.00$370.00Jul 17$4.55$1.38$5.93$364.07$435.93
$450.00$390.00Jul 17$1.48$5.05$6.53$383.47$456.53
$440.00$390.00Jul 17$2.35$5.05$7.40$382.60$447.40
$430.00$380.00Jul 17$4.55$3.08$7.63$372.37$437.63
$420.00$370.00Jul 17$7.75$1.38$9.13$360.87$429.13
$430.00$390.00Jul 17$4.55$5.05$9.60$380.40$439.60

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 18 found (best R:R 4.71, avg credit $5.23)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
370/380390/400Jul 17$8.25$1.754.71$371.75$398.25
380/390400/410Jul 17$7.42$2.582.88$382.58$407.42
370/380400/410Jul 17$7.15$2.852.51$372.85$407.15
380/390410/420Jul 17$6.12$3.881.58$383.88$416.12
370/380410/420Jul 17$5.85$4.151.41$374.15$415.85
380/390420/430Jul 17$5.17$4.831.07$384.83$425.17
370/380420/430Jul 17$4.90$5.100.96$375.10$424.90
380/390430/440Jul 17$4.17$5.830.72$385.83$434.17
350/370380/390Jul 17$8.03$11.970.67$361.97$388.03
370/380430/440Jul 17$3.90$6.100.64$376.10$433.90

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 7 found (best R:R 36.04, cheapest $0.27)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$380.00$390.00$400.00Jul 17$0.60$9.4015.67
$410.00$420.00$430.00Jul 17$0.95$9.059.53
$420.00$430.00$440.00Jul 17$1.00$9.009.00
$390.00$400.00$410.00Jul 17$1.10$8.908.09
$400.00$410.00$420.00Jul 17$1.30$8.706.69
PUTS (1)
LowMidHighExpiryDebitMax GainR:R
$370.00$380.00$390.00Jul 17$0.27$9.7336.04

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 10 found (best net $-0.30, 7 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$430.00$440.001:2Jul 17-$0.15$9.85
$440.00$450.001:2Jul 17-$0.61$9.39
$420.00$430.001:2Jul 17-$1.35$8.65
$410.00$420.001:2Jul 17-$3.60$6.40
$400.00$410.001:2Jul 17-$6.45$3.55
PUTS (4)
Buy KSell KRatioExpiryNetMax Gain
$350.00$300.001:2Jul 17-$0.30$49.70
$390.00$380.001:2Jul 17-$1.11$8.89
$370.00$350.001:2Jul 17$0.38$19.62
$380.00$370.001:2Jul 17$0.32$9.68

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 5 found (best yield 2.65%, avg 1.17%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$410.00Jul 17$10.800.500.5%2.65%3.09%7260
$420.00Jul 17$6.800.382.9%1.67%4.56%4616
$430.00Jul 17$3.900.265.3%0.96%6.30%3130
$440.00Jul 17$1.800.167.8%0.44%8.24%2--
$450.00Jul 17$0.600.1010.2%0.15%10.40%1--

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 174
Total Puts 245
Put/Call Ratio 1.41
Net Difference -71

Prior's Put/Call Breakdown

Total Calls 658
Total Puts 186
Put/Call Ratio 0.28
Net Difference 472

Prior 7-Day Put/Call Summary

Total Calls 3,425
Total Puts 3,657
Average Put/Call Ratio 1.47
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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