NEW Tour v251
FTNT
FORTINET INC
$158.98 +3.49%
$159.38 (+0.25%)🌙
as of 07/01 06:29 PM
7/1 18:29

Option Volume

Detail
Current (07/01) 16,327
Calls: 4,771 (29%)
Puts: 11,556 (71%)
Prior (06/30) 11,125
Calls: 9,578 (86%)
Puts: 1,547 (14%)
Current vs Prior +46.76%
Calls: -50.19% (Calls)
Puts: +646.99% (Puts)
Prior 7-Day Total 142,485
Calls: 87,889 (62%)
Puts: 54,596 (38%)
Prior 7-Day Average 20,355
Calls: 12,555 (62%)
Puts: 7,799 (38%)
Current vs Prior 7-Day Avg -19.79%
Calls: -62.00%
Puts: +48.16%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/01) $7.84M
Calls: $5.25M (67%)
Puts: $2.59M (33%)
Prior (06/30) $8.44M
Calls: $7.81M (93%)
Puts: $629.5K (7%)
Current vs Prior -7.14%
Calls: -32.77%
Puts: +310.93%
Prior 7-Day Total $92.08M
Calls: $57.09M (62%)
Puts: $34.99M (38%)
Prior 7-Day Average $13.15M
Calls: $8.16M (62%)
Puts: $5.00M (38%)
Current vs Prior 7-Day Avg -40.42%
Calls: -35.61%
Puts: -48.25%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/01) 2.42
Prior (06/30) 0.16
Current vs Prior +1399.62%
Prior 7-Day Average 0.76
Current vs Prior 7-Day Avg +217.01%
Sentiment BEARISH

Open Interest

Detail
Current (07/01) 94,736
Calls: 55,166 (58%)
Puts: 39,570 (42%)
Prior (06/30) 93,458
Calls: 57,104 (61%)
Puts: 36,354 (39%)
Current vs Prior +1.37%
Prior 7-Day Total 589,825
Calls: 330,430 (56%)
Puts: 259,395 (44%)
Prior 7-Day Average 84,260
Calls: 47,204 (56%)
Puts: 37,056 (44%)
Current vs Prior 7-Day Avg +12.43%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/10) | Next (07/17)Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 6.65% | 8.50%6.65% | 8.50%8.50% | 20.96%
Prior 4.00% | 6.89%-- | ---- | --
Current vs Prior -22.41% | -3.37%-- | ---- | --
Prior 7-Day Avg 4.09% | 6.40%-- | ---- | --
Current vs 7-Day Avg -24.11% | +4.02%-- | ---- | --
Prior 7-Day Eod 4.00% | 6.89%-- | ---- | --
Current vs 7-Day Eod -22.41% | -3.37%-- | ---- | --
Sentiment BULLISH----

Relative Spread

Detail
Expiry | Next
Current 11.33% | 7.90%
Calls: 12.24% | 9.80%
Puts: 10.42% | 6.00%
Prior 11.33% | 7.90%
Calls: 12.24% | 9.80%
Puts: 10.42% | 6.00%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 24.89% | 17.39%
Calls: 21.31% | 17.43%
Puts: 28.48% | 17.35%
Current vs 7-Day Avg -54.48% | -54.57%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 67% call dollar volume ($5.25M). Extreme bearish P/C ratio of 2.42 - heavy put buying. P/C ratio rising 1400% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
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 16 of results (avg 8.2%, best 5.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$162.50Jul 174.704.95$4.835.2%160.4448
$152.50Jul 26.607.00$6.805.9%1800.89411
$160.00Jul 175.756.10$5.935.9%2550.503.1K
$155.00Jul 178.208.70$8.455.9%850.62832
$130.00Jul 1728.5030.70$29.607.4%40.95--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Jul 176.306.85$6.578.4%170.5030
$160.00Jul 247.558.30$7.939.5%10.491

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. 75 found (avg delta 0.79, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$133.00Jul 224.7027.25$25.989.8%30.98--
$130.00Jul 227.1530.25$28.7010.8%120.97--
$142.00Jul 215.7018.75$17.2317.7%100.9535
$136.00Jul 1022.0024.35$23.1810.1%200.95--
$135.00Jul 1022.9525.60$24.2810.9%320.95--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$170.00Jul 29.8012.45$11.1323.8%60.85--
$162.50Jul 105.907.00$6.4517.1%10.60--
$160.00Jul 21.822.58$2.2034.5%20.593
$160.00Jul 104.555.50$5.0318.9%40.521
$160.00Jul 176.306.85$6.578.4%170.5030

Most actively traded options today. High liquidity = easy entry/exit. 183 active (total vol 12.9K, top 2.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$162.50Jul 20.270.72$0.5090.0%3050.2177
$160.00Jul 175.756.10$5.935.9%2550.503.1K
$175.00Jul 171.391.60$1.5014.0%2280.18920
$152.50Jul 26.607.00$6.805.9%1800.89411
$165.00Jul 101.992.64$2.3228.0%1790.3246
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Jul 20.000.75$0.38197.4%2.9K0.066.0K
$148.00Jul 20.000.47$0.24195.8%2.9K0.073.0K
$135.00Jul 170.470.94$0.7166.2%8240.08807
$147.00Jul 171.722.09$1.9019.5%4600.20107
$155.00Jul 20.390.81$0.6070.0%4130.2138

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 31 strikes (avg 135.3%, max 317.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$136.00Jul 2Jul 10258.9%62.0%317.8%21--
$130.00Jul 2Jul 24226.5%56.0%304.5%32--
$141.00Jul 2Jul 10214.5%53.5%300.9%20--
$143.00Jul 2Jul 10196.5%52.1%277.4%2044
$137.00Jul 2Jul 31250.0%68.8%263.4%3--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$143.00Jul 2Jul 10196.5%52.1%277.4%1490
$133.00Jul 2Jul 24173.9%57.2%203.8%15990
$145.00Jul 2Jul 24130.2%45.4%186.9%400488
$147.00Jul 2Jul 24124.4%46.0%170.4%317
$146.00Jul 2Jul 17126.4%47.3%167.0%21223

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 88 found (best R:R 22.81, avg 3.49)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$185.00$190.00Jul 17$0.21$4.79$0.2122.81$185.21
$180.00$185.00Jul 17$0.31$4.69$0.3115.13$180.31
$170.00$175.00Jul 10$0.48$4.52$0.489.42$170.48
$162.50$165.00Jul 2$0.29$2.21$0.297.62$162.79
$175.00$180.00Jul 17$0.59$4.41$0.597.47$175.59
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$152.50$150.00Jul 2$0.11$2.39$0.1121.73$152.39
$138.00$134.00Jul 24$0.27$3.73$0.2713.81$137.73
$145.00$140.00Jul 17$0.36$4.64$0.3612.89$144.64
$140.00$137.00Jul 17$0.29$2.71$0.299.34$139.71
$148.00$147.00Jul 10$0.11$0.89$0.118.09$147.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 116 found (best R:R 12.04, avg 1.70)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$145.00$148.00Jul 10$2.77$2.77$0.2312.04$147.77
$150.00$152.50Jul 2$2.30$2.30$0.2011.50$152.30
$137.00$140.00Jul 2$2.75$2.75$0.2511.00$139.75
$152.50$155.00Jul 2$2.27$2.27$0.239.87$154.77
$140.00$144.00Jul 17$3.61$3.61$0.399.26$143.61
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$170.00$160.00Jul 2$8.93$8.93$1.078.35$161.07
$150.00$148.00Jul 31$1.75$1.75$0.257.00$148.25
$143.00$142.00Jul 2$0.85$0.85$0.155.67$142.15
$148.00$147.00Jul 24$0.72$0.72$0.282.57$147.28
$162.50$160.00Jul 10$1.42$1.42$1.081.31$161.08

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 43 found (avg debit $1.28, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$135.00Jul 2Jul 10$0.08222.2%66.1%
$136.00Jul 2Jul 10$0.20258.9%62.0%
$133.00Jul 2Jul 10$0.27173.9%93.7%
$140.00Jul 2Jul 10$0.29169.6%54.3%
$142.00Jul 2Jul 10$0.37137.5%52.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$130.00Jul 17Jul 24$0.2061.9%56.0%
$142.00Jul 2Jul 10$0.26137.5%52.8%
$135.00Jul 10Jul 17$0.3566.1%57.8%
$138.00Jul 2Jul 10$0.37134.6%61.5%
$133.00Jul 2Jul 17$0.42173.9%57.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 53 found (cheapest 2.15% of stock, avg 10.92%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$160.00Jul 2$1.22$2.20$3.42$156.58$163.422.15%
$157.50Jul 2$2.73$1.04$3.77$153.73$161.272.37%
$155.00Jul 2$4.53$0.60$5.13$149.87$160.133.23%
$152.50Jul 2$6.80$0.31$7.11$145.39$159.614.47%
$150.00Jul 2$9.10$0.20$9.30$140.70$159.305.85%
$157.50Jul 10$5.55$3.75$9.30$148.20$166.805.85%
$160.00Jul 10$4.28$5.03$9.31$150.69$169.315.86%
$162.50Jul 10$3.03$6.45$9.48$153.02$171.985.96%
$155.00Jul 10$6.93$2.79$9.72$145.28$164.726.11%
$149.00Jul 2$10.05$0.33$10.38$138.62$159.386.53%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 135 found (cheapest 0.33% of stock, avg 5.21%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$165.00$152.50Jul 2$0.21$0.31$0.52$151.98$165.52
$167.50$152.50Jul 2$0.22$0.31$0.53$151.97$168.03
$165.00$147.00Jul 2$0.21$0.48$0.69$146.31$165.69
$167.50$147.00Jul 2$0.22$0.48$0.70$146.30$168.20
$162.50$152.50Jul 2$0.50$0.31$0.81$151.69$163.31
$165.00$155.00Jul 2$0.21$0.60$0.81$154.19$165.81
$167.50$155.00Jul 2$0.22$0.60$0.82$154.18$168.32
$162.50$147.00Jul 2$0.50$0.48$0.98$146.02$163.48
$162.50$155.00Jul 2$0.50$0.60$1.10$153.90$163.60
$165.00$157.50Jul 2$0.21$1.04$1.25$156.25$166.25

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 143 found (best R:R 19.00, avg credit $2.49)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
134/135140/144Jul 17$3.80$0.2019.00$131.20$143.80
158/160165/168Jul 31$2.36$0.1416.86$157.64$167.36
150/152155/158Jul 17$2.25$0.259.00$150.25$157.25
155/158165/168Jul 31$2.25$0.259.00$155.25$167.25
147/148150/152Jul 24$2.22$0.287.93$145.78$152.22
147/149152/155Jul 17$2.21$0.297.62$146.79$154.71
147/148155/158Jul 24$2.20$0.307.33$145.80$157.20
128/129137/140Jul 31$2.62$0.386.89$126.38$139.62
128/129135/137Jul 31$1.74$0.266.69$127.26$136.74
147/149150/152Jul 17$2.16$0.346.35$146.84$152.16

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 58 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$180.00$185.00$190.00Jul 17$0.10$4.9049.00
$165.00$167.50$170.00Jul 10$0.06$2.4440.67
$152.50$155.00$157.50Jul 31$0.07$2.4334.71
$162.50$165.00$167.50Jul 10$0.08$2.4230.25
$155.00$157.50$160.00Jul 10$0.11$2.3921.73
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$150.00$152.50$155.00Jul 17$0.10$2.4024.00
$155.00$157.50$160.00Jul 31$0.11$2.3921.73
$146.00$147.00$148.00Jul 10$0.05$0.9519.00
$157.50$160.00$162.50Jul 10$0.14$2.3616.86
$152.50$155.00$157.50Jul 2$0.15$2.3515.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 75 found (best net $-1.47, 65 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$180.00$190.001:2Jul 31-$1.47$8.53
$170.00$180.001:2Jul 31-$2.11$7.89
$170.00$180.001:2Aug 7-$3.66$6.34
$167.50$175.001:2Jul 2-$1.92$5.58
$170.00$175.001:2Jul 10-$0.16$4.84
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$148.00$140.001:2Jul 31-$1.91$6.09
$138.00$133.001:2Jul 2-$0.13$4.87
$135.00$130.001:2Jul 31-$0.34$4.66
$145.00$140.001:2Jul 17-$0.66$4.34
$144.00$140.001:2Jul 24-$0.32$3.68

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 34 found (best yield 7.61%, avg 2.68%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$160.00Aug 7$12.100.530.6%7.61%8.25%15
$162.50Aug 7$11.000.512.2%6.92%9.13%1--
$160.00Jul 31$10.650.530.6%6.70%7.34%339
$165.00Aug 7$10.000.483.8%6.29%10.08%37
$165.00Jul 31$8.150.473.8%5.13%8.91%1110
$170.00Aug 7$8.100.426.9%5.09%12.03%1--
$160.00Jul 24$7.150.510.6%4.50%5.14%2722
$167.50Jul 31$7.100.445.4%4.47%9.83%146
$170.00Jul 31$6.150.416.9%3.87%10.80%12145
$160.00Jul 17$5.750.500.6%3.62%4.26%2553.1K

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 4,771
Total Puts 11,556
Put/Call Ratio 2.42
Net Difference -6,785

Prior's Put/Call Breakdown

Total Calls 9,578
Total Puts 1,547
Put/Call Ratio 0.16
Net Difference 8,031

Prior 7-Day Put/Call Summary

Total Calls 87,889
Total Puts 54,596
Average Put/Call Ratio 0.76
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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