Tour v303
ELV
ELEVANCE HEALTH INC
$416.08 -0.66%
$414.42 (-0.40%)🌙
as of 07/08 06:26 PM
7/8 18:26

Option Volume

Detail
Current (07/08) 937
Calls: 236 (25%)
Puts: 701 (75%)
Prior (07/07) 1,419
Calls: 1,140 (80%)
Puts: 279 (20%)
Current vs Prior -33.97%
Calls: -79.30% (Calls)
Puts: +151.25% (Puts)
Prior 7-Day Total 6,237
Calls: 3,703 (59%)
Puts: 2,534 (41%)
Prior 7-Day Average 891
Calls: 529 (59%)
Puts: 362 (41%)
Current vs Prior 7-Day Avg +5.16%
Calls: -55.39%
Puts: +93.65%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/08) $1.17M
Calls: $497.0K (42%)
Puts: $674.1K (58%)
Prior (07/07) $2.74M
Calls: $2.33M (85%)
Puts: $413.3K (15%)
Current vs Prior -57.25%
Calls: -78.63%
Puts: +63.11%
Prior 7-Day Total $10.60M
Calls: $7.83M (74%)
Puts: $2.77M (26%)
Prior 7-Day Average $1.51M
Calls: $1.12M (74%)
Puts: $395.1K (26%)
Current vs Prior 7-Day Avg -22.65%
Calls: -55.58%
Puts: +70.60%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/08) 2.97
Prior (07/07) 0.24
Current vs Prior +1113.69%
Prior 7-Day Average 1.26
Current vs Prior 7-Day Avg +136.35%
Sentiment BEARISH

Open Interest

Detail
Current (07/08) 5,647
Calls: 3,182 (56%)
Puts: 2,465 (44%)
Prior (07/07) 6,497
Calls: 5,076 (78%)
Puts: 1,421 (22%)
Current vs Prior -13.08%
Prior 7-Day Total 47,947
Calls: 27,796 (58%)
Puts: 20,151 (42%)
Prior 7-Day Average 6,849
Calls: 3,970 (58%)
Puts: 2,878 (42%)
Current vs Prior 7-Day Avg -17.56%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/17) | Next (08/21)Expiry (07/17) | Next (08/21)
Current 8.12% | 12.57%8.12% | 12.57%
Prior 8.40% | 13.21%8.40% | 13.21%
Current vs Prior -3.34% | -4.88%-3.34% | -4.88%
Prior 7-Day Avg 8.18% | 12.62%7.87% | 12.87%
Current vs 7-Day Avg -0.74% | -0.36%+3.21% | -2.36%
Prior 7-Day Eod 8.40% | 13.21%-- | --
Current vs 7-Day Eod -3.34% | -4.88%-- | --
Sentiment BULLISHBULLISH

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 17.96% | 12.27%
Calls: 12.29% | 10.41%
Puts: 23.64% | 14.14%
Current vs 7-Day Avg -7.31% | -11.26%
Liquidity Expensive
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🤖 AI Insights

Light premium activity with dollar volume down 57% vs prior. Extreme bearish P/C ratio of 2.97 - heavy put buying. P/C ratio rising 1114% - 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 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. 7 found (avg delta 0.67, highest 0.96)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Aug 2142.8048.60$45.7012.7%150.7666
$400.00Jul 1721.1026.90$24.0024.2%120.70778
$390.00Aug 2136.9041.30$39.1011.3%20.7026
$410.00Jul 1714.8022.40$18.6040.9%10.60--
$420.00Aug 2119.6024.10$21.8520.6%40.50--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$480.00Jul 1760.7068.90$64.8012.7%40.96--
$420.00Jul 1712.6017.80$15.2034.2%20.5176

Most actively traded options today. High liquidity = easy entry/exit. 28 active (total vol 369, top 83)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$430.00Jul 177.9010.70$9.3030.1%830.39133
$380.00Aug 2142.8048.60$45.7012.7%150.7666
$400.00Jul 1721.1026.90$24.0024.2%120.70778
$450.00Jul 173.005.00$4.0050.0%70.21323
$470.00Aug 214.207.10$5.6551.3%70.2040
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Jul 170.001.10$0.55200.0%710.03412
$410.00Jul 179.8015.40$12.6044.4%580.4127
$340.00Aug 210.053.40$1.73193.6%500.077
$410.00Aug 2116.7021.20$18.9523.7%230.43--
$480.00Jul 1760.7068.90$64.8012.7%40.96--

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 48.5%, max 73.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$470.00Jul 17Aug 2161.3%38.2%60.5%840
$460.00Jul 17Aug 2158.7%39.1%50.0%471
$480.00Jul 17Aug 2159.0%40.2%46.9%482
$420.00Jul 17Aug 2155.4%41.2%34.5%5706
$450.00Jul 17Aug 2155.0%41.3%33.1%9750
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$360.00Jul 17Aug 2171.6%41.4%73.2%4373
$410.00Jul 17Aug 2162.8%38.2%64.3%8127
$350.00Jul 17Aug 2163.2%50.5%25.2%73473

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 22 found (best R:R 12.89, avg 4.27)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$470.00$480.00Aug 21$0.72$9.28$0.7212.89$470.72
$460.00$470.00Jul 17$0.80$9.20$0.8011.50$460.80
$450.00$460.00Jul 17$0.95$9.05$0.959.53$450.95
$470.00$480.00Jul 17$1.05$8.95$1.058.52$471.05
$430.00$440.00Jul 17$2.15$7.85$2.153.65$432.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$390.00$370.00Jul 17$2.07$17.93$2.078.66$387.93
$370.00$360.00Jul 17$1.13$8.87$1.137.85$368.87
$360.00$350.00Jul 17$1.30$8.70$1.306.69$358.70
$400.00$390.00Jul 17$2.55$7.45$2.552.92$397.45
$420.00$410.00Jul 17$2.60$7.40$2.602.85$417.40

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 23 found (best R:R 4.77, avg 0.72)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$380.00$390.00Aug 21$6.60$6.60$3.401.94$386.60
$390.00$420.00Aug 21$17.25$17.25$12.751.35$407.25
$400.00$410.00Jul 17$5.40$5.40$4.601.17$405.40
$410.00$420.00Jul 17$5.20$5.20$4.801.08$415.20
$420.00$430.00Jul 17$4.10$4.10$5.900.69$424.10
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$480.00$420.00Jul 17$49.60$49.60$10.404.77$430.40
$410.00$400.00Jul 17$5.00$5.00$5.001.00$405.00
$350.00$340.00Aug 21$3.97$3.97$6.030.66$346.03
$410.00$360.00Aug 21$14.40$14.40$35.600.40$395.60
$420.00$410.00Jul 17$2.60$2.60$7.400.35$417.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $5.25, cheapest $2.70)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$470.00Jul 17Aug 21$3.4061.3%38.2%
$480.00Jul 17Aug 21$3.7359.0%40.2%
$460.00Jul 17Aug 21$4.8558.7%39.1%
$450.00Jul 17Aug 21$7.3555.0%41.3%
$420.00Jul 17Aug 21$8.4555.4%41.2%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$360.00Jul 17Aug 21$2.7071.6%41.4%
$350.00Jul 17Aug 21$5.1563.2%50.5%
$410.00Jul 17Aug 21$6.3562.8%38.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 4 found (cheapest 6.87% of stock, avg 9.46%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$420.00Jul 17$13.40$15.20$28.60$391.40$448.606.87%
$410.00Jul 17$18.60$12.60$31.20$378.80$441.207.50%
$400.00Jul 17$24.00$7.60$31.60$368.40$431.607.59%
$480.00Jul 17$1.20$64.80$66.00$414.00$546.0015.86%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 41 found (cheapest 1.18% of stock, avg 3.39%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$460.00$360.00Jul 17$3.05$1.85$4.90$355.10$464.90
$450.00$360.00Jul 17$4.00$1.85$5.85$354.15$455.85
$460.00$370.00Jul 17$3.05$2.98$6.03$363.97$466.03
$480.00$340.00Aug 21$4.93$1.73$6.66$333.34$486.66
$450.00$370.00Jul 17$4.00$2.98$6.98$363.02$456.98
$470.00$340.00Aug 21$5.65$1.73$7.38$332.62$477.38
$460.00$390.00Jul 17$3.05$5.05$8.10$381.90$468.10
$440.00$360.00Jul 17$7.15$1.85$9.00$351.00$449.00
$450.00$390.00Jul 17$4.00$5.05$9.05$380.95$459.05
$480.00$360.00Aug 21$4.93$4.55$9.48$350.52$489.48

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 51 found (best R:R 10.11, avg credit $6.50)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
400/410420/430Jul 17$9.10$0.9010.11$400.90$429.10
400/410440/450Jul 17$8.15$1.854.41$401.85$448.15
390/400410/420Jul 17$7.75$2.253.44$392.25$417.75
340/350450/460Aug 21$7.42$2.582.88$342.58$457.42
400/410430/440Jul 17$7.15$2.852.51$402.85$437.15
340/350390/420Aug 21$21.22$8.782.42$328.78$411.22
350/360400/410Jul 17$6.70$3.302.03$353.30$406.70
390/400420/430Jul 17$6.65$3.351.99$393.35$426.65
360/370400/410Jul 17$6.53$3.471.88$363.47$406.53
350/360410/420Jul 17$6.50$3.501.86$353.50$416.50

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 9 found (best R:R 65.67, cheapest $0.15)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$450.00$460.00$470.00Jul 17$0.15$9.8565.67
$400.00$410.00$420.00Jul 17$0.20$9.8049.00
$410.00$420.00$430.00Jul 17$1.10$8.908.09
$450.00$460.00$470.00Aug 21$1.20$8.807.33
$460.00$470.00$480.00Aug 21$1.53$8.475.54
PUTS (1)
LowMidHighExpiryDebitMax GainR:R
$390.00$400.00$410.00Jul 17$2.45$7.553.08

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 21 found (best net $-0.85, 17 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$420.00$450.001:2Aug 21-$0.85$29.15
$390.00$420.001:2Aug 21-$4.60$25.40
$470.00$480.001:2Jul 17-$0.15$9.85
$440.00$450.001:2Jul 17-$0.85$9.15
$460.00$470.001:2Jul 17-$1.45$8.55
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$390.00$370.001:2Jul 17-$0.91$19.09
$370.00$360.001:2Jul 17-$0.72$9.28
$400.00$390.001:2Jul 17-$2.50$7.50
$410.00$400.001:2Jul 17-$2.60$7.40
$360.00$350.001:2Aug 21-$6.85$3.15

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 12 found (best yield 4.71%, avg 1.35%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$420.00Aug 21$19.600.500.9%4.71%5.65%4--
$420.00Jul 17$9.100.490.9%2.19%3.13%1706
$450.00Aug 21$8.800.328.2%2.11%10.27%2427
$430.00Jul 17$7.900.393.4%1.90%5.24%83133
$460.00Aug 21$6.500.2510.6%1.56%12.12%2--
$440.00Jul 17$5.100.305.8%1.23%6.97%6--
$470.00Aug 21$4.200.2013.0%1.01%13.97%740
$450.00Jul 17$3.000.218.2%0.72%8.87%7323
$460.00Jul 17$1.600.1610.6%0.38%10.94%271
$470.00Jul 17$0.900.1213.0%0.22%13.18%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 236
Total Puts 701
Put/Call Ratio 2.97
Net Difference -465

Prior's Put/Call Breakdown

Total Calls 1,140
Total Puts 279
Put/Call Ratio 0.24
Net Difference 861

Prior 7-Day Put/Call Summary

Total Calls 3,703
Total Puts 2,534
Average Put/Call Ratio 1.26
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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