Tour v344
ELV
ELEVANCE HEALTH INC
$372.85 -4.48%
$372.98 (+0.03%)🌙
as of 07/16 06:25 PM
7/16 18:25

Option Volume

Detail
Current (07/16) 5,035
Calls: 3,428 (68%)
Puts: 1,607 (32%)
Prior (07/15) 7,936
Calls: 4,820 (61%)
Puts: 3,116 (39%)
Current vs Prior -36.55%
Calls: -28.88% (Calls)
Puts: -48.43% (Puts)
Prior 7-Day Total 20,586
Calls: 12,818 (62%)
Puts: 7,768 (38%)
Prior 7-Day Average 2,940
Calls: 1,831 (62%)
Puts: 1,109 (38%)
Current vs Prior 7-Day Avg +71.21%
Calls: +87.21%
Puts: +44.81%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/16) $5.55M
Calls: $2.53M (46%)
Puts: $3.02M (54%)
Prior (07/15) $7.21M
Calls: $4.80M (67%)
Puts: $2.41M (33%)
Current vs Prior -23.09%
Calls: -47.38%
Puts: +25.30%
Prior 7-Day Total $20.80M
Calls: $15.31M (74%)
Puts: $5.48M (26%)
Prior 7-Day Average $2.97M
Calls: $2.19M (74%)
Puts: $783.5K (26%)
Current vs Prior 7-Day Avg +86.71%
Calls: +15.51%
Puts: +285.45%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/16) 0.47
Prior (07/15) 0.65
Current vs Prior -27.49%
Prior 7-Day Average 0.86
Current vs Prior 7-Day Avg -45.48%
Sentiment BULLISH

Open Interest

Detail
Current (07/16) 20,745
Calls: 12,410 (60%)
Puts: 8,335 (40%)
Prior (07/15) 36,712
Calls: 21,253 (58%)
Puts: 15,459 (42%)
Current vs Prior -43.49%
Prior 7-Day Total 109,250
Calls: 66,150 (61%)
Puts: 43,100 (39%)
Prior 7-Day Average 15,607
Calls: 9,450 (61%)
Puts: 6,157 (39%)
Current vs Prior 7-Day Avg +32.92%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/17) | Next (08/21)Expiry (07/17) | Next (08/21)
Current 3.12% | 9.72%3.12% | 9.72%
Prior 5.29% | 10.06%5.29% | 10.06%
Current vs Prior -40.94% | -3.31%-40.94% | -3.31%
Prior 7-Day Avg 7.76% | 11.81%7.76% | 11.81%
Current vs 7-Day Avg -59.72% | -17.65%-59.72% | -17.65%
Prior 7-Day Eod 5.29% | 10.06%5.29% | 10.06%
Current vs 7-Day Eod -40.94% | -3.31%-40.94% | -3.31%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 27.18% | 11.92%
Calls: 29.66% | 6.62%
Puts: 24.69% | 17.21%
Prior 27.18% | 11.92%
Calls: 29.66% | 6.62%
Puts: 24.69% | 17.21%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 17.41% | 11.68%
Calls: 12.14% | 9.11%
Puts: 22.68% | 14.25%
Current vs 7-Day Avg +56.09% | +2.07%
Liquidity Expensive
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🤖 AI Insights

Dollar volume significantly above 7-day average (87% higher). Extreme bullish P/C ratio of 0.47 - heavy call buying (3,428 calls vs 1,607 puts). P/C ratio dropping 27% - sentiment shifting bullish. Declining open interest (down 43%) indicates positions being closed.

Smart Money BEARISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
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 4 of results (avg 9.5%, best 9.1%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$360.00Aug 2122.0024.10$23.059.1%210.658
$390.00Aug 218.709.60$9.159.8%60.36124
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$400.00Aug 2130.7033.70$32.209.3%70.72111
$390.00Aug 2123.7026.10$24.909.6%910.6456

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. 16 found (avg delta 0.82, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$360.00Jul 179.0016.50$12.7558.8%250.9519
$330.00Aug 2143.3048.70$46.0011.7%10.884
$370.00Jul 172.005.00$3.5085.7%640.6867
$360.00Aug 2122.0024.10$23.059.1%210.658
$370.00Aug 2116.8019.20$18.0013.3%1290.556
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$440.00Jul 1764.0071.80$67.9011.5%340.99--
$430.00Jul 1754.0061.80$57.9013.5%340.99--
$400.00Jul 1725.4029.80$27.6015.9%150.99595
$420.00Jul 1744.0051.40$47.7015.5%1010.96--
$390.00Jul 1714.0020.50$17.2537.7%130.94343

Most actively traded options today. High liquidity = easy entry/exit. 43 active (total vol 3.6K, top 838)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$430.00Aug 211.153.50$2.33100.9%8380.12484
$400.00Jul 170.000.10$0.05200.0%3790.01845
$380.00Jul 170.402.00$1.20133.3%1820.22309
$390.00Jul 170.100.40$0.25120.0%1710.06492
$370.00Aug 2116.8019.20$18.0013.3%1290.556
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$370.00Jul 170.152.75$1.45179.3%3370.36878
$380.00Jul 175.4010.90$8.1567.5%1850.78442
$360.00Jul 170.051.00$0.53179.2%1200.11302
$420.00Aug 2145.3052.00$48.6513.8%1120.86134
$410.00Jul 1734.0041.40$37.7019.6%1050.9275

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 16 strikes (avg 159.8%, max 358.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$420.00Jul 17Aug 21130.6%33.1%295.2%73869
$410.00Jul 17Aug 21132.3%33.7%292.3%90884
$430.00Jul 17Aug 21122.1%36.4%235.8%8751.9K
$440.00Jul 17Aug 21123.2%37.2%231.1%16304
$400.00Jul 17Aug 2163.7%35.2%81.2%487897
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$320.00Jul 17Aug 21176.0%38.4%358.5%745
$420.00Jul 17Aug 21130.6%33.1%295.2%213134
$330.00Jul 17Aug 2192.3%34.5%167.1%18211
$350.00Jul 17Aug 2182.9%31.4%164.1%47659
$400.00Jul 17Aug 2163.7%35.2%81.2%22706

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 24 found (best R:R 49.00, avg 13.06)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$390.00$400.00Jul 17$0.20$9.80$0.2049.00$390.20
$420.00$430.00Jul 17$0.25$9.75$0.2539.00$420.25
$420.00$430.00Aug 21$0.25$9.75$0.2539.00$420.25
$410.00$420.00Jul 17$0.50$9.50$0.5019.00$410.50
$430.00$440.00Aug 21$0.66$9.34$0.6614.15$430.66
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$350.00$330.00Jul 17$0.45$19.55$0.4543.44$349.55
$320.00$310.00Aug 21$0.35$9.65$0.3527.57$319.65
$330.00$320.00Aug 21$0.45$9.55$0.4521.22$329.55
$370.00$360.00Jul 17$0.92$9.08$0.929.87$369.08
$310.00$300.00Aug 21$1.15$8.85$1.157.70$308.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 30 found (best R:R 12.33, avg 1.47)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$360.00$370.00Jul 17$9.25$9.25$0.7512.33$369.25
$330.00$360.00Aug 21$22.95$22.95$7.053.26$352.95
$360.00$370.00Aug 21$5.05$5.05$4.951.02$365.05
$370.00$380.00Aug 21$4.75$4.75$5.250.90$374.75
$380.00$390.00Aug 21$4.10$4.10$5.900.69$384.10
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$390.00$380.00Jul 17$9.10$9.10$0.9010.11$380.90
$420.00$400.00Aug 21$16.45$16.45$3.554.63$403.55
$400.00$390.00Aug 21$7.30$7.30$2.702.70$392.70
$380.00$370.00Jul 17$6.70$6.70$3.302.03$373.30
$390.00$380.00Aug 21$6.65$6.65$3.351.99$383.35

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 18 found (avg debit $6.44, cheapest $0.95)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$440.00Jul 17Aug 21$1.64123.2%37.2%
$420.00Jul 17Aug 21$2.25130.6%33.1%
$430.00Jul 17Aug 21$2.25122.1%36.4%
$410.00Jul 17Aug 21$3.37132.3%33.7%
$400.00Jul 17Aug 21$6.7563.7%35.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$420.00Jul 17Aug 21$0.95130.6%33.1%
$320.00Jul 17Aug 21$1.45176.0%38.4%
$330.00Jul 17Aug 21$2.4292.3%34.5%
$400.00Jul 17Aug 21$4.6063.7%35.2%
$350.00Jul 17Aug 21$5.0782.9%31.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 16 found (cheapest 1.33% of stock, avg 9.29%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$370.00Jul 17$3.50$1.45$4.95$365.05$374.951.33%
$380.00Jul 17$1.20$8.15$9.35$370.65$389.352.51%
$360.00Jul 17$12.75$0.53$13.28$346.72$373.283.56%
$390.00Jul 17$0.25$17.25$17.50$372.50$407.504.69%
$400.00Jul 17$0.05$27.60$27.65$372.35$427.657.42%
$380.00Aug 21$13.25$18.25$31.50$348.50$411.508.45%
$370.00Aug 21$18.00$13.65$31.65$338.35$401.658.49%
$360.00Aug 21$23.05$10.05$33.10$326.90$393.108.88%
$390.00Aug 21$9.15$24.90$34.05$355.95$424.059.13%
$410.00Jul 17$0.83$37.70$38.53$371.47$448.5310.33%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 34 found (cheapest 0.20% of stock, avg 2.93%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$390.00$350.00Jul 17$0.25$0.48$0.73$349.27$390.73
$390.00$360.00Jul 17$0.25$0.53$0.78$359.22$390.78
$410.00$350.00Jul 17$0.83$0.48$1.31$348.69$411.31
$410.00$360.00Jul 17$0.83$0.53$1.36$358.64$411.36
$380.00$350.00Jul 17$1.20$0.48$1.68$348.32$381.68
$380.00$360.00Jul 17$1.20$0.53$1.73$358.27$381.73
$390.00$370.00Jul 17$0.25$1.45$1.70$368.30$391.70
$410.00$370.00Jul 17$0.83$1.45$2.28$367.72$412.28
$380.00$370.00Jul 17$1.20$1.45$2.65$367.35$382.65
$420.00$330.00Aug 21$2.58$2.45$5.03$324.97$425.03

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 82 found (best R:R 24.00, avg credit $5.17)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
380/390410/420Jul 17$9.60$0.4024.00$380.40$419.60
380/390420/430Jul 17$9.35$0.6514.38$380.65$429.35
350/360370/380Aug 21$9.25$0.7512.33$350.75$379.25
380/390400/410Aug 21$9.25$0.7512.33$380.75$409.25
390/400410/420Aug 21$8.92$1.088.26$391.08$418.92
350/360380/390Aug 21$8.60$1.406.14$351.40$388.60
380/390410/420Aug 21$8.27$1.734.78$381.73$418.27
300/310330/360Aug 21$24.10$5.904.08$285.90$354.10
390/400430/440Aug 21$7.96$2.043.90$392.04$437.96
310/320330/360Aug 21$23.30$6.703.48$296.70$353.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 23 found (best R:R 99.00, cheapest $0.10)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$420.00$430.00$440.00Jul 17$0.20$9.8049.00
$410.00$420.00$430.00Jul 17$0.25$9.7539.00
$360.00$370.00$380.00Aug 21$0.30$9.7032.33
$370.00$380.00$390.00Aug 21$0.65$9.3514.38
$380.00$390.00$400.00Jul 17$0.75$9.2512.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$310.00$320.00$330.00Aug 21$0.10$9.9099.00
$410.00$420.00$430.00Jul 17$0.20$9.8049.00
$330.00$340.00$350.00Aug 21$0.40$9.6024.00
$380.00$390.00$400.00Aug 21$0.65$9.3514.38
$350.00$360.00$370.00Jul 17$0.87$9.1310.49

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 32 found (best net $-0.10, 20 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$330.00$360.001:2Aug 21-$0.10$29.90
$410.00$420.001:2Aug 21-$0.96$9.04
$430.00$440.001:2Aug 21-$1.01$8.99
$400.00$410.001:2Aug 21-$1.60$8.40
$400.00$410.001:2Jul 17-$1.61$8.39
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$360.00$350.001:2Jul 17-$0.43$9.57
$360.00$350.001:2Aug 21-$1.05$8.95
$330.00$320.001:2Jul 17-$1.07$8.93
$340.00$330.001:2Aug 21-$1.10$8.90
$320.00$310.001:2Aug 21-$1.30$8.70

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 3.33%, avg 1.15%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$380.00Aug 21$12.400.461.9%3.33%5.24%7763
$390.00Aug 21$8.700.364.6%2.33%6.93%6124
$400.00Aug 21$5.800.287.3%1.56%8.84%10852
$410.00Aug 21$3.900.2010.0%1.05%11.01%4942
$420.00Aug 21$1.750.1412.7%0.47%13.12%6130
$430.00Aug 21$1.150.1215.3%0.31%15.64%838484
$380.00Jul 17$0.400.221.9%0.11%2.02%182309
$390.00Jul 17$0.100.064.6%0.03%4.63%171492

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 3,428
Total Puts 1,607
Put/Call Ratio 0.47
Net Difference 1,821

Prior's Put/Call Breakdown

Total Calls 4,820
Total Puts 3,116
Put/Call Ratio 0.65
Net Difference 1,704

Prior 7-Day Put/Call Summary

Total Calls 12,818
Total Puts 7,768
Average Put/Call Ratio 0.86
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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