Tour v494
NVAX
NOVAVAX INC
$7.95 +2.71%
$7.96 (+0.13%)🌙
as of 08/07 06:06 PM
8/7 18:06

Option Volume

Detail
Current (08/07) 5,463
Calls: 4,075 (75%)
Puts: 1,388 (25%)
Prior (08/06) 6,131
Calls: 5,392 (88%)
Puts: 739 (12%)
Current vs Prior -10.90%
Calls: -24.43% (Calls)
Puts: +87.82% (Puts)
Prior 7-Day Total 40,502
Calls: 35,368 (87%)
Puts: 5,134 (13%)
Prior 7-Day Average 5,786
Calls: 5,052 (87%)
Puts: 733 (13%)
Current vs Prior 7-Day Avg -5.58%
Calls: -19.35%
Puts: +89.25%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/07) $390.7K
Calls: $227.2K (58%)
Puts: $163.5K (42%)
Prior (08/06) $160.7K
Calls: $131.4K (82%)
Puts: $29.3K (18%)
Current vs Prior +143.16%
Calls: +72.91%
Puts: +458.72%
Prior 7-Day Total $2.50M
Calls: $2.15M (86%)
Puts: $350.7K (14%)
Prior 7-Day Average $357.3K
Calls: $307.2K (86%)
Puts: $50.1K (14%)
Current vs Prior 7-Day Avg +9.34%
Calls: -26.04%
Puts: +226.33%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/07) 0.34
Prior (08/06) 0.14
Current vs Prior +148.52%
Prior 7-Day Average 0.18
Current vs Prior 7-Day Avg +93.84%
Sentiment BULLISH

Open Interest

Detail
Current (08/07) 209,103
Calls: 138,069 (66%)
Puts: 71,034 (34%)
Prior (08/06) 207,628
Calls: 136,781 (66%)
Puts: 70,847 (34%)
Current vs Prior +0.71%
Prior 7-Day Total 1,067,059
Calls: 758,111 (71%)
Puts: 308,948 (29%)
Prior 7-Day Average 152,437
Calls: 108,301 (71%)
Puts: 44,135 (29%)
Current vs Prior 7-Day Avg +37.17%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.27% | 5.91%9.56% | 18.74%
Prior 4.26% | 8.14%10.47% | 18.86%
Current vs Prior +38.66% | +17.45%-8.65% | -0.64%
Prior 7-Day Avg 10.36% | 14.16%15.44% | 22.00%
Current vs 7-Day Avg -42.93% | -32.49%-38.09% | -14.81%
Prior 7-Day Eod 1.13% | 6.17%10.47% | 18.86%
Current vs 7-Day Eod +421.57% | +54.91%-8.65% | -0.64%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 70.72% | 46.05%
Calls: 71.43% | 42.11%
Puts: 70.00% | 50.00%
Prior 70.72% | 46.05%
Calls: 71.43% | 42.11%
Puts: 70.00% | 50.00%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 51.42% | 35.03%
Calls: 42.72% | 24.06%
Puts: 56.88% | 39.11%
Current vs 7-Day Avg +37.55% | +31.46%
Liquidity Expensive
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🤖 AI Insights

Massive premium surge with dollar volume up 143% vs prior. Extreme bullish P/C ratio of 0.34 - heavy call buying (4,075 calls vs 1,388 puts). P/C ratio rising 149% - increased hedging/bearish positioning. Call-heavy open interest (138,069 calls vs 71,034 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
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 -- 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. 27 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Aug 211.011.90$1.4661.0%10.98--
$7.00Aug 140.501.67$1.09107.3%40.969
$6.50Aug 140.912.10$1.5178.8%80.868
$7.00Aug 211.021.40$1.2131.4%110.8669
$7.50Aug 140.500.64$0.5724.6%320.836.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Aug 70.000.89$0.45197.8%821.0093
$9.00Aug 140.501.70$1.10109.1%60.8813
$9.50Aug 141.353.65$2.5092.0%--0.8824
$9.00Aug 210.791.55$1.1765.0%60.86293
$9.00Aug 280.642.01$1.33103.0%10.705

Most actively traded options today. High liquidity = easy entry/exit. 57 active (total vol 3.3K, top 1.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 70.000.13$0.07185.7%1.4K0.483.3K
$9.00Aug 140.030.06$0.0560.0%2650.12237
$8.00Aug 140.150.25$0.2050.0%1650.47302
$7.50Aug 70.120.92$0.52153.8%1020.64403
$8.00Aug 210.160.65$0.41119.5%990.55717
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 70.000.37$0.19194.7%2350.53256
$8.00Aug 210.190.50$0.3588.6%1060.474.0K
$8.50Aug 70.000.89$0.45197.8%821.0093
$8.50Sep 40.221.74$0.98155.1%800.56--
$8.00Aug 280.260.89$0.57110.5%600.4914

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 5717.3%, max 12477.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Aug 7Aug 217943.2%63.2%12477.9%41
$7.00Aug 7Sep 186729.6%65.0%10259.0%71.7K
$7.50Aug 7Sep 115556.7%59.7%9206.6%114404
$8.00Aug 7Sep 18692.7%70.1%887.5%1.4K4.7K
$9.00Aug 7Sep 18825.8%87.8%841.1%43519
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Aug 7Aug 217943.2%63.2%12477.9%35363
$7.00Aug 7Sep 186729.6%65.0%10259.0%541.8K
$7.50Aug 7Sep 115556.7%59.7%9206.6%14108
$8.00Aug 7Sep 18692.7%70.1%887.5%236384
$8.50Aug 7Sep 4493.0%85.0%479.9%16293

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 13 found (best R:R 5.25, avg 1.75)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$9.00Sep 18$0.16$0.84$0.165.25$8.16
$8.50$9.00Aug 21$0.12$0.38$0.123.17$8.62
$8.50$9.00Sep 4$0.12$0.38$0.123.17$8.62
$8.00$8.50Aug 21$0.19$0.31$0.191.63$8.19
$6.50$7.00Aug 21$0.25$0.25$0.251.00$6.75
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$7.50Sep 11$0.19$0.31$0.191.63$7.81
$8.00$7.50Aug 14$0.22$0.28$0.221.27$7.78
$8.00$7.50Aug 21$0.22$0.28$0.221.27$7.78
$8.00$7.00Sep 18$0.49$0.51$0.491.04$7.51
$8.50$8.00Aug 7$0.26$0.24$0.260.92$8.24

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 20 found (best R:R 4.88, avg 1.76)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.00$8.00Sep 18$0.76$0.76$0.243.17$7.76
$7.50$8.00Aug 14$0.37$0.37$0.132.85$7.87
$8.50$9.00Aug 28$0.34$0.34$0.162.12$8.84
$7.00$7.50Aug 28$0.29$0.29$0.211.38$7.29
$7.50$8.00Aug 21$0.28$0.28$0.221.27$7.78
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$9.00$8.00Aug 14$0.83$0.83$0.174.88$8.17
$9.00$8.00Aug 21$0.82$0.82$0.184.56$8.18
$8.00$7.50Aug 28$0.40$0.40$0.104.00$7.60
$9.00$8.00Aug 28$0.76$0.76$0.243.17$8.24
$8.50$8.00Aug 7$0.26$0.26$0.241.08$8.24

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $0.16, cheapest $0.06)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.50Aug 7Aug 14$0.061120.8%105.9%
$8.50Aug 7Aug 14$0.10493.0%70.3%
$8.00Aug 7Aug 14$0.13692.7%53.3%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.00Aug 14Aug 21$0.0774.4%62.2%
$8.00Aug 7Aug 14$0.08692.7%53.3%
$8.50Aug 7Sep 4$0.53493.0%85.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 25 found (cheapest 3.27% of stock, avg 16.67%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$8.00Aug 7$0.07$0.19$0.26$7.74$8.263.27%
$8.50Aug 7$0.01$0.45$0.46$8.04$8.965.79%
$8.00Aug 14$0.20$0.27$0.47$7.53$8.475.91%
$7.50Aug 14$0.57$0.05$0.62$6.88$8.127.80%
$8.00Aug 21$0.41$0.35$0.76$7.24$8.769.56%
$7.50Aug 21$0.69$0.13$0.82$6.68$8.3210.31%
$7.50Aug 28$0.78$0.17$0.95$6.55$8.4511.95%
$8.00Aug 28$0.52$0.57$1.09$6.91$9.0913.71%
$7.00Aug 14$1.09$0.02$1.11$5.89$8.1113.96%
$9.00Aug 14$0.05$1.10$1.15$7.85$10.1514.47%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 39 found (cheapest 0.88% of stock, avg 7.03%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$9.00$7.00Aug 14$0.05$0.02$0.07$6.93$9.07
$9.50$7.00Aug 14$0.07$0.02$0.09$6.91$9.59
$9.00$7.50Aug 14$0.05$0.05$0.10$7.40$9.10
$9.50$7.50Aug 14$0.07$0.05$0.12$7.38$9.62
$8.50$7.00Aug 14$0.11$0.02$0.13$6.87$8.63
$8.50$7.50Aug 14$0.11$0.05$0.16$7.34$8.66
$9.50$7.00Aug 21$0.06$0.10$0.16$6.84$9.66
$9.00$6.50Aug 14$0.05$0.12$0.17$6.33$9.17
$9.50$6.50Aug 14$0.07$0.12$0.19$6.31$9.69
$9.50$7.50Aug 21$0.06$0.13$0.19$7.31$9.69

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 2.12, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
8/88/9Aug 21$0.34$0.162.12$7.66$8.84

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 17 found (best R:R 7.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$8.00$8.50$9.00Aug 7$0.06$0.447.33
$8.00$8.50$9.00Aug 21$0.07$0.436.14
$8.50$9.00$9.50Aug 14$0.08$0.425.25
$8.50$9.00$9.50Aug 21$0.08$0.425.25
$7.50$8.00$8.50Aug 21$0.09$0.414.56
PUTS (4)
LowMidHighExpiryDebitMax GainR:R
$6.50$7.00$7.50Aug 14$0.13$0.372.85
$7.00$7.50$8.00Aug 14$0.19$0.311.63
$7.00$7.50$8.00Aug 21$0.19$0.311.63
$7.00$7.50$8.00Aug 28$0.35$0.150.43

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 29 found (best net $-0.36, 13 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$9.001:2Sep 18-$0.36$0.64
$9.00$9.501:2Aug 14-$0.09$0.41
$7.50$8.001:2Aug 21-$0.13$0.37
$7.00$7.501:2Aug 21-$0.17$0.33
$7.50$8.001:2Aug 28-$0.26$0.24
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.50$7.001:2Aug 21-$0.07$0.43
$7.50$7.001:2Aug 28-$0.07$0.43
$8.00$7.501:2Sep 11-$0.19$0.31
$7.00$6.501:2Aug 14-$0.22$0.28
$8.50$7.001:2Sep 4-$1.30$0.20

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 5.66%, avg 2.22%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Sep 18$0.450.510.6%5.66%6.29%241.4K
$9.00Aug 28$0.180.2913.2%2.26%15.47%19153
$8.00Aug 21$0.160.550.6%2.01%2.64%99717
$8.50Aug 21$0.160.366.9%2.01%8.93%27291
$8.00Aug 14$0.150.470.6%1.89%2.52%165302
$9.00Sep 18$0.140.3713.2%1.76%14.97%1068
$9.50Aug 28$0.100.3119.5%1.26%20.75%148
$8.50Aug 14$0.070.256.9%0.88%7.80%86433

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 4,075
Total Puts 1,388
Put/Call Ratio 0.34
Net Difference 2,687

Prior's Put/Call Breakdown

Total Calls 5,392
Total Puts 739
Put/Call Ratio 0.14
Net Difference 4,653

Prior 7-Day Put/Call Summary

Total Calls 35,368
Total Puts 5,134
Average Put/Call Ratio 0.18
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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