Tour v512
NVAX
NOVAVAX INC
$8.25 +4.07%
8/19 09:35

Option Volume

Detail
Current (08/19 9:35am) 995
Calls: 979 (98%)
Puts: 16 (2%)
Prior (02/24) 6,247
Calls: 4,723 (76%)
Puts: 1,524 (24%)
Current vs Prior -84.07%
Calls: -79.27% (Calls)
Puts: -98.95% (Puts)
Prior 7-Day Total 113,694
Calls: 97,931 (86%)
Puts: 15,763 (14%)
Prior 7-Day Average 16,242
Calls: 13,990 (86%)
Puts: 2,251 (14%)
Current vs Prior 7-Day Avg -93.87%
Calls: -93.00%
Puts: -99.29%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/19 9:35am) $69.5K
Calls: $69.0K (99%)
Puts: $468 (1%)
Prior (02/24) $288.4K
Calls: $242.6K (84%)
Puts: $45.8K (16%)
Current vs Prior -75.90%
Calls: -71.55%
Puts: -98.98%
Prior 7-Day Total $9.40M
Calls: $8.45M (90%)
Puts: $952.8K (10%)
Prior 7-Day Average $1.34M
Calls: $1.21M (90%)
Puts: $136.1K (10%)
Current vs Prior 7-Day Avg -94.83%
Calls: -94.28%
Puts: -99.66%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/19 9:35am) 0.02
Prior (02/24) 0.32
Current vs Prior -94.94%
Prior 7-Day Average 0.16
Current vs Prior 7-Day Avg -90.10%
Sentiment BULLISH

Open Interest

Detail
Current (08/19 9:35am) 204,535
Calls: 131,035 (64%)
Puts: 73,500 (36%)
Prior (02/24) 105,732
Calls: 99,916 (94%)
Puts: 5,816 (6%)
Current vs Prior +93.45%
Prior 7-Day Total 1,254,727
Calls: 929,822 (68%)
Puts: 430,637 (32%)
Prior 7-Day Average 209,121
Calls: 132,831 (68%)
Puts: 61,519 (32%)
Current vs Prior 7-Day Avg -2.19%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 4.61% | 10.42%4.61% | 14.42%
Prior 9.99% | 13.40%15.90% | 24.31%
Current vs Prior -53.88% | -22.23%-71.03% | -40.67%
Prior 7-Day Avg 10.23% | 13.98%13.11% | 22.54%
Current vs 7-Day Avg -54.97% | -25.45%-64.86% | -36.00%
Prior 7-Day Eod 9.99% | 13.40%4.79% | 12.86%
Current vs 7-Day Eod -53.88% | -22.23%-3.88% | +12.14%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 81.06% | 103.77%
Calls: 45.45% | 103.77%
Puts: 116.67% | 0.00%
Prior 23.80% | 37.52%
Calls: 8.89% | 31.15%
Puts: 38.71% | 43.90%
Current vs Prior +240.59% | +176.57%
Prior 7-Day Avg 41.82% | 51.72%
Calls: 30.69% | 35.06%
Puts: 52.94% | 68.37%
Current vs 7-Day Avg +93.85% | +100.65%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 99% of dollar volume in calls ($69.0K) vs puts ($468). Light premium activity with dollar volume down 76% vs prior. Below-average activity with volume down 84% vs prior. Extreme bullish P/C ratio of 0.02 - heavy call buying (979 calls vs 16 puts).

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
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
14:05BULLISHBULLISHBULLISH
09:35BULLISHBULLISHBULLISH

📈 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. 18 found (avg delta 0.73, highest 0.93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 211.161.45$1.3122.1%300.9373
$7.50Aug 210.621.05$0.8451.2%10.91198
$7.00Sep 181.271.60$1.4422.9%--0.8673
$7.50Aug 280.691.55$1.1276.8%--0.84110
$7.00Aug 281.182.01$1.5952.2%--0.7715
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 210.670.90$0.7929.1%--0.91266
$9.00Aug 280.301.25$0.78121.8%--0.85102
$8.50Aug 210.170.49$0.3397.0%--0.65165
$8.50Sep 40.050.80$0.43174.4%--0.5480

Most actively traded options today. High liquidity = easy entry/exit. 13 active (total vol 671, top 387)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 210.010.03$0.02100.0%3870.09548
$8.00Aug 210.180.43$0.3180.6%820.741.4K
$9.00Aug 280.020.11$0.07128.6%710.18295
$8.50Aug 210.050.22$0.14121.4%460.35625
$7.00Aug 211.161.45$1.3122.1%300.9373
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 210.030.10$0.07100.0%30.264.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 3 strikes (avg 28.8%, max 43.1%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$8.50Aug 21Sep 2592.5%64.7%43.1%46646
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$8.50Aug 21Oct 292.5%64.8%42.9%--206
$8.00Aug 21Sep 1861.0%60.9%0.3%34.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 14 found (best R:R 1.50, avg 1.49)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$8.50$9.00Sep 25$0.12$0.38$0.1254%3.17$8.62
$8.00$9.00Sep 18$0.36$0.64$0.3661%1.78$8.36
$8.00$8.50Aug 21$0.17$0.33$0.1774%1.94$8.17
$8.00$8.50Sep 25$0.26$0.24$0.2666%0.92$8.26
$8.00$8.50Aug 28$0.23$0.27$0.2362%1.17$8.23
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$9.00$8.00Aug 28$0.40$0.60$0.4085%1.50$8.60
$8.50$8.00Aug 21$0.26$0.24$0.2665%0.92$8.24
$8.00$7.00Sep 18$0.34$0.66$0.3439%1.94$7.66
$8.00$7.50Aug 28$0.30$0.20$0.3038%0.67$7.70
$7.50$7.00Sep 4$0.30$0.20$0.3029%0.67$7.20

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 7 found (best R:R 1.50, avg 0.87)

BEAR CALL (4)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$9.00$9.50Sep 4$0.29$0.29$0.2159%1.38$9.29
$8.50$9.00Aug 28$0.18$0.18$0.3258%0.56$8.68
$8.50$9.00Aug 21$0.12$0.12$0.3865%0.32$8.62
$8.50$9.00Sep 25$0.12$0.12$0.3846%0.32$8.62
BULL PUT (3)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$7.50$7.00Sep 4$0.30$0.30$0.2071%1.50$7.20
$8.00$7.50Aug 28$0.30$0.30$0.2062%1.50$7.70
$8.00$7.00Sep 18$0.34$0.34$0.6661%0.52$7.66

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.11, cheapest $0.11)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 21Aug 28$0.1192.5%65.3%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 21Sep 4$0.1092.5%68.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 4.61% of stock, avg 11.70%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$8.00Aug 21$0.31$0.07$0.38$7.62$8.384.61%
$8.50Aug 21$0.14$0.33$0.47$8.03$8.975.70%
$9.00Aug 21$0.02$0.79$0.81$8.19$9.819.82%
$8.50Sep 4$0.41$0.43$0.84$7.66$9.3410.18%
$9.00Aug 28$0.07$0.78$0.85$8.15$9.8510.30%
$8.00Aug 28$0.48$0.38$0.86$7.14$8.8610.42%
$7.50Aug 21$0.84$0.03$0.87$6.63$8.3710.55%
$8.00Sep 18$0.74$0.45$1.19$6.81$9.1914.42%
$7.50Aug 28$1.12$0.08$1.20$6.30$8.7014.55%
$7.50Sep 4$1.14$0.38$1.52$5.98$9.0218.42%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 29 found (cheapest 0.61% of stock, avg 5.43%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$9.00$7.50Aug 21$0.02$0.03$0.05$7.45$9.05
$9.50$7.00Aug 21$0.02$0.03$0.05$6.95$9.55
$9.00$7.00Aug 21$0.02$0.03$0.05$6.95$9.05
$9.50$7.50Aug 21$0.02$0.03$0.05$7.45$9.55
$9.00$8.00Aug 21$0.02$0.07$0.09$7.91$9.09
$9.50$8.00Aug 21$0.02$0.07$0.09$7.91$9.59
$9.00$7.50Aug 28$0.07$0.08$0.15$7.35$9.15
$9.50$7.50Aug 28$0.13$0.08$0.21$7.29$9.71
$8.50$7.50Aug 21$0.14$0.03$0.17$7.33$8.67
$8.50$8.00Aug 21$0.14$0.07$0.21$7.79$8.71

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

No iron condor setups found

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 12 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$8.00$8.50$9.00Aug 28$0.05$0.4544%9.00
$7.50$8.00$8.50Sep 11$0.08$0.4224%5.25
$7.00$8.00$9.00Sep 18$0.34$0.6649%1.94
$7.50$8.00$8.50Sep 4$0.09$0.4125%4.56
$8.50$9.00$9.50Aug 21$0.12$0.3830%3.17
PUTS (2)
LowMidHighExpiryDebitMax GainPOPR:R
$8.00$8.50$9.00Aug 21$0.20$0.3065%1.50
$7.50$8.00$8.50Aug 21$0.22$0.2856%1.27

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 19 found (best net $-0.09, 9 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$8.501:2Sep 4-$0.09$0.41
$8.00$8.501:2Sep 11-$0.09$0.41
$7.00$7.501:2Aug 21-$0.37$0.13
$7.50$8.001:2Sep 4-$0.32$0.18
$7.50$8.001:2Sep 11-$0.35$0.15
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.50$7.501:2Sep 4-$0.33$0.67
$9.00$8.501:2Aug 21$0.13$0.37
$8.50$8.001:2Aug 21$0.19$0.31
$8.00$7.001:2Sep 18$0.23$0.77
$8.00$7.501:2Aug 28$0.22$0.28

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 4 found (best yield 3.88%, avg 2.73%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$9.00Sep 18$0.320.379.1%3.88%12.97%--236
$8.50Sep 25$0.300.543.0%3.64%6.67%--21
$8.50Aug 28$0.150.423.0%1.82%4.85%20218
$8.50Sep 11$0.130.463.0%1.58%4.61%--33

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 979
Total Puts 16
Put/Call Ratio 0.02
Net Difference 963

Prior's Put/Call Breakdown

Total Calls 4,723
Total Puts 1,524
Put/Call Ratio 0.32
Net Difference 3,199

Prior 7-Day Put/Call Summary

Total Calls 97,931
Total Puts 15,763
Average Put/Call Ratio 0.16
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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