Tour v303
IP
INTERNTNL PAPER CO
$36.67 -3.30%
(7/7 18:38) ◀
|
Wednesday, July 8, 2026 (6:39pm)
January 2026
|
▶ (7/9 18:38)
◀ 7/8 18:39 ▶

Option Volume

Detail
ℹ
Current (07/08) 1,920
Calls: 823 (43%)
Puts: 1,097 (57%)
Prior (07/07) 9,696
Calls: 5,545 (57%)
Puts: 4,151 (43%)
Current vs Prior -80.20%
Calls: -85.16% (Calls)
Puts: -73.57% (Puts)
Prior 7-Day Total 22,570
Calls: 13,056 (58%)
Puts: 9,514 (42%)
Prior 7-Day Average 3,224
Calls: 1,865 (58%)
Puts: 1,359 (42%)
Current vs Prior 7-Day Avg -40.45%
Calls: -55.87%
Puts: -19.29%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/08) $306.1K
Calls: $131.8K (43%)
Puts: $174.3K (57%)
Prior (07/07) $1.76M
Calls: $902.5K (51%)
Puts: $857.5K (49%)
Current vs Prior -82.61%
Calls: -85.40%
Puts: -79.67%
Prior 7-Day Total $4.65M
Calls: $2.66M (57%)
Puts: $1.99M (43%)
Prior 7-Day Average $664.7K
Calls: $379.8K (57%)
Puts: $284.9K (43%)
Current vs Prior 7-Day Avg -53.95%
Calls: -65.31%
Puts: -38.80%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/08) 1.33
Prior (07/07) 0.75
Current vs Prior +78.06%
Prior 7-Day Average 0.72
Current vs Prior 7-Day Avg +84.97%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/08) 11,788
Calls: 4,832 (41%)
Puts: 6,956 (59%)
Prior (07/07) 27,196
Calls: 8,446 (31%)
Puts: 18,750 (69%)
Current vs Prior -56.66%
Prior 7-Day Total 186,267
Calls: 66,928 (36%)
Puts: 119,339 (64%)
Prior 7-Day Average 26,609
Calls: 9,561 (36%)
Puts: 17,048 (64%)
Current vs Prior 7-Day Avg -55.70%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 4.45% | 6.82%6.82% | 13.09%
Prior 5.41% | 6.33%6.33% | 12.92%
Current vs Prior -17.78% | +7.72%+7.72% | +1.30%
Prior 7-Day Avg 5.06% | 7.01%6.86% | 13.08%
Current vs 7-Day Avg -12.21% | -2.81%-0.59% | +0.05%
Prior 7-Day Eod 5.41% | 6.33%-- | --
Current vs 7-Day Eod -17.78% | +7.72%-- | --
Sentiment BULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 22.26% | 15.47%
Calls: 24.51% | 14.81%
Puts: 20.00% | 16.13%
Prior 22.26% | 15.47%
Calls: 24.51% | 14.81%
Puts: 20.00% | 16.13%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 24.63% | 17.79%
Calls: 25.77% | 16.27%
Puts: 23.49% | 19.32%
Current vs 7-Day Avg -9.64% | -13.05%
Liquidity Expensive
+
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🤖 AI Insights

Light premium activity with dollar volume down 83% vs prior. Below-average activity with volume down 80% vs prior. Bearish P/C ratio of 1.33 indicates protective positioning. P/C ratio rising 78% - 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 NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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 8.4%, best 7.4%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$36.00Jul 241.601.75$1.688.9%260.61--
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.50Jul 171.301.40$1.357.4%10.62--
$38.00Jul 171.651.80$1.738.7%110.6915
$37.50Aug 212.753.00$2.888.7%50.54106

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.78, cheapest $0.65)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Jul 240.650.75$0.7014.3%100.3547
$36.00Jul 100.901.05$0.9815.3%110.704
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.00Jul 100.600.70$0.6515.4%310.59309

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 20 found (avg delta 0.75, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$31.00Jul 104.705.90$5.3022.6%10.95--
$32.00Jul 103.704.90$4.3027.9%10.95--
$30.00Jul 105.706.90$6.3019.0%10.90--
$35.00Jul 101.602.00$1.8022.2%10.89--
$32.50Jul 173.304.60$3.9532.9%20.87--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Jul 101.252.20$1.7354.9%10.8684
$38.00Jul 171.651.80$1.738.7%110.6915
$39.00Jul 313.103.50$3.3012.1%10.66--
$37.50Jul 171.301.40$1.357.4%10.62--
$37.00Jul 100.600.70$0.6515.4%310.59309

Most actively traded options today. High liquidity = easy entry/exit. 63 active (total vol 811, top 62)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 210.951.15$1.0519.0%610.30471
$40.00Jul 100.000.10$0.05200.0%550.06805
$40.00Jul 170.100.15$0.1338.5%540.11727
$40.00Jul 310.651.05$0.8547.1%500.29141
$35.00Jul 171.802.35$2.0826.4%470.76491
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 211.501.75$1.6315.3%620.37193
$32.50Aug 210.801.00$0.9022.2%560.23117
$37.00Jul 100.600.70$0.6515.4%310.59309
$32.00Jul 170.050.55$0.30166.7%120.1271
$35.00Jul 170.300.50$0.4050.0%120.24674

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 28.4%, max 61.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Jul 10Aug 2174.6%46.3%61.2%1161.3K
$42.00Jul 17Aug 1479.8%51.3%55.4%41--
$36.00Jul 10Jul 2453.5%40.5%32.2%374
$39.00Jul 10Jul 3168.1%52.4%30.0%15--
$38.00Jul 10Jul 2446.3%39.8%16.4%1347
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$32.50Jul 17Aug 2174.1%49.4%49.9%63479
$32.00Jul 17Jul 3180.5%58.4%37.9%1371
$34.00Jul 10Aug 769.9%51.8%34.8%1820
$30.00Jul 31Aug 2164.5%53.6%20.2%75
$36.00Jul 10Aug 753.5%48.7%9.7%425

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 33 found (best R:R 12.33, avg 3.04)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$40.00$42.00Jul 24$0.15$1.85$0.1512.33$40.15
$39.00$40.00Jul 31$0.17$0.83$0.174.88$39.17
$38.00$40.00Jul 17$0.35$1.65$0.354.71$38.35
$40.00$42.50Aug 21$0.45$2.05$0.454.56$40.45
$38.00$40.00Jul 24$0.40$1.60$0.404.00$38.40
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$36.00$34.00Jul 10$0.23$1.77$0.237.70$35.77
$32.00$31.00Jul 31$0.13$0.87$0.136.69$31.87
$33.00$30.00Aug 7$0.45$2.55$0.455.67$32.55
$32.50$30.00Aug 21$0.42$2.08$0.424.95$32.08
$35.00$34.00Jul 17$0.18$0.82$0.184.56$34.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 39 found (best R:R 4.56, avg 1.02)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$35.00$36.00Jul 10$0.82$0.82$0.184.56$35.82
$32.50$34.00Jul 17$1.17$1.17$0.333.55$33.67
$33.00$35.00Jul 10$1.50$1.50$0.503.00$34.50
$35.00$36.00Jul 24$0.74$0.74$0.262.85$35.74
$34.00$35.00Jul 17$0.70$0.70$0.302.33$34.70
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$38.00$37.50Jul 17$0.38$0.38$0.123.17$37.62
$39.00$37.00Jul 31$1.22$1.22$0.781.56$37.78
$37.50$37.00Jul 17$0.25$0.25$0.251.00$37.25
$37.50$35.00Aug 21$1.25$1.25$1.251.00$36.25
$37.00$36.00Jul 17$0.45$0.45$0.550.82$36.55

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $0.57, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$40.00Jul 10Jul 17$0.0874.6%43.1%
$34.00Jul 17Jul 24$0.2749.1%44.5%
$35.00Jul 10Jul 17$0.2854.1%46.6%
$38.00Jul 10Jul 17$0.3846.3%42.4%
$37.00Jul 10Jul 17$0.4747.2%42.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$34.00Jul 10Jul 17$0.1769.9%49.1%
$32.00Jul 17Jul 31$0.1880.5%58.4%
$36.00Jul 10Jul 17$0.3753.5%42.6%
$37.00Jul 10Jul 17$0.4547.2%42.9%
$32.50Jul 17Aug 21$0.6074.1%49.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 13 found (cheapest 2.81% of stock, avg 7.82%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$37.00Jul 10$0.38$0.65$1.03$35.97$38.032.81%
$36.00Jul 10$0.98$0.28$1.26$34.74$37.263.44%
$38.00Jul 10$0.10$1.73$1.83$36.17$39.834.99%
$37.00Jul 17$0.85$1.10$1.95$35.05$38.955.32%
$37.50Jul 17$0.63$1.35$1.98$35.52$39.485.40%
$38.00Jul 17$0.48$1.73$2.21$35.79$40.216.03%
$35.00Jul 17$2.08$0.40$2.48$32.52$37.486.76%
$34.00Jul 17$2.78$0.22$3.00$31.00$37.008.18%
$37.00Jul 31$1.83$2.08$3.91$33.09$40.9110.66%
$32.50Jul 17$3.95$0.30$4.25$28.25$36.7511.59%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 62 found (cheapest 0.27% of stock, avg 3.20%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$40.00$34.00Jul 10$0.05$0.05$0.10$33.90$40.10
$38.00$34.00Jul 10$0.10$0.05$0.15$33.85$38.15
$39.00$34.00Jul 10$0.10$0.05$0.15$33.85$39.15
$40.00$36.00Jul 10$0.05$0.28$0.33$35.67$40.33
$40.00$34.00Jul 17$0.13$0.22$0.35$33.65$40.35
$38.00$36.00Jul 10$0.10$0.28$0.38$35.62$38.38
$39.00$36.00Jul 10$0.10$0.28$0.38$35.62$39.38
$37.00$34.00Jul 10$0.38$0.05$0.43$33.57$37.43
$40.00$32.50Jul 17$0.13$0.30$0.43$32.07$40.43
$40.00$32.00Jul 17$0.13$0.30$0.43$31.57$40.43

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 29 found (best R:R 4.26, avg credit $0.85)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
32/3435/37Jul 31$1.62$0.384.26$32.38$36.62
37/3940/41Jul 31$1.44$0.562.57$37.56$41.44
35/3840/42Aug 21$1.70$0.802.13$35.80$41.70
31/3235/37Jul 31$1.33$0.671.99$30.67$36.33
32/3538/40Aug 21$1.60$0.901.78$33.40$39.10
32/3437/39Jul 31$1.23$0.771.60$32.77$38.23
36/3738/38Jul 17$0.60$0.401.50$36.40$38.10
34/3537/39Jul 31$1.14$0.861.33$33.86$38.14
34/3540/41Jul 31$0.55$0.451.22$34.45$40.55
35/3740/41Jul 31$1.07$0.931.15$35.93$41.07

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 17 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$38.00$40.00$42.00Jul 24$0.25$1.757.00
$37.00$37.50$38.00Jul 17$0.07$0.436.14
$37.50$40.00$42.50Aug 21$0.42$2.084.95
$35.00$37.00$39.00Jul 31$0.39$1.614.13
$35.00$36.00$37.00Jul 10$0.22$0.783.55
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$30.00$31.00$32.00Jul 31$0.06$0.9415.67
$34.00$35.00$36.00Jul 17$0.07$0.9313.29
$30.00$32.50$35.00Aug 21$0.31$2.197.06
$35.00$37.00$39.00Jul 31$0.37$1.634.41
$35.00$36.00$37.00Jul 17$0.20$0.804.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 40 found (best net $-0.06, 30 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$40.00$42.501:2Aug 21-$0.15$2.35
$37.50$40.001:2Aug 21-$0.18$2.32
$40.00$42.001:2Jul 24$0.00$2.00
$37.00$39.001:2Jul 31-$0.21$1.79
$33.00$35.001:2Jul 10-$0.30$1.70
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$32.50$30.001:2Aug 21-$0.06$2.44
$35.00$32.501:2Aug 21-$0.17$2.33
$37.50$35.001:2Aug 21-$0.38$2.12
$34.00$32.001:2Jul 31-$0.06$1.94
$36.00$34.001:2Aug 7-$0.32$1.68

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 17 found (best yield 4.91%, avg 1.74%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$37.50Aug 21$1.800.462.3%4.91%7.17%32--
$37.00Jul 31$1.700.500.9%4.64%5.54%27--
$40.00Aug 21$0.950.309.1%2.59%11.67%61471
$39.00Jul 31$0.900.346.3%2.45%8.81%7--
$37.00Jul 17$0.750.470.9%2.05%2.95%7--
$38.00Jul 24$0.650.353.6%1.77%5.40%1047
$40.00Jul 31$0.650.299.1%1.77%10.85%50141
$37.50Jul 17$0.550.392.3%1.50%3.76%14--
$41.00Jul 31$0.500.2311.8%1.36%13.17%117
$42.50Aug 21$0.500.1915.9%1.36%17.26%15436

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 823
Total Puts 1,097
Put/Call Ratio 1.33
Net Difference -274

Prior's Put/Call Breakdown

Total Calls 5,545
Total Puts 4,151
Put/Call Ratio 0.75
Net Difference 1,394

Prior 7-Day Put/Call Summary

Total Calls 13,056
Total Puts 9,514
Average Put/Call Ratio 0.72
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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