Tour v290
VRTX
VERTEX PHARMACEUTICA
$528.04 +6.03%
$527.58 (-0.09%)🌙
as of 07/02 07:10 PM
7/2 19:10

Option Volume

Detail
Current (07/02) 5,975
Calls: 3,380 (57%)
Puts: 2,595 (43%)
Prior (07/01) 1,901
Calls: 711 (37%)
Puts: 1,190 (63%)
Current vs Prior +214.31%
Calls: +375.39% (Calls)
Puts: +118.07% (Puts)
Prior 7-Day Total 17,745
Calls: 9,344 (53%)
Puts: 8,401 (47%)
Prior 7-Day Average 2,535
Calls: 1,334 (53%)
Puts: 1,200 (47%)
Current vs Prior 7-Day Avg +135.70%
Calls: +153.21%
Puts: +116.22%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/02) $11.76M
Calls: $9.17M (78%)
Puts: $2.58M (22%)
Prior (07/01) $2.64M
Calls: $2.17M (82%)
Puts: $466.5K (18%)
Current vs Prior +345.72%
Calls: +322.45%
Puts: +454.01%
Prior 7-Day Total $20.70M
Calls: $16.54M (80%)
Puts: $4.16M (20%)
Prior 7-Day Average $2.96M
Calls: $2.36M (80%)
Puts: $593.8K (20%)
Current vs Prior 7-Day Avg +297.51%
Calls: +288.04%
Puts: +335.21%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/02) 0.77
Prior (07/01) 1.67
Current vs Prior -54.13%
Prior 7-Day Average 1.06
Current vs Prior 7-Day Avg -27.31%
Sentiment NEUTRAL

Open Interest

Detail
Current (07/02) 13,437
Calls: 10,702 (80%)
Puts: 2,735 (20%)
Prior (07/01) 5,929
Calls: 4,880 (82%)
Puts: 1,049 (18%)
Current vs Prior +126.63%
Prior 7-Day Total 53,559
Calls: 45,566 (75%)
Puts: 15,426 (25%)
Prior 7-Day Average 7,651
Calls: 6,509 (75%)
Puts: 2,203 (25%)
Current vs Prior 7-Day Avg +75.62%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/02) | Next (07/10)Expiry (07/17) | Next (08/21)
Current 1.65% | 3.81%4.91% | 10.30%
Prior 1.85% | 3.80%-- | --
Current vs Prior +105.82% | +29.49%-- | --
Prior 7-Day Avg 2.25% | 3.86%-- | --
Current vs 7-Day Avg +68.86% | +27.37%-- | --
Prior 7-Day Eod 1.85% | 3.80%-- | --
Current vs 7-Day Eod +105.82% | +29.49%-- | --
Sentiment BEARISH--

Relative Spread

Detail
Expiry | Next
Current 125.66% | 9.21%
Calls: 67.80% | 10.00%
Puts: 183.51% | 8.43%
Prior 125.66% | 9.21%
Calls: 67.80% | 10.00%
Puts: 183.51% | 8.43%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 121.08% | 31.33%
Calls: 91.32% | 34.59%
Puts: 149.31% | 35.46%
Current vs 7-Day Avg +3.78% | -70.61%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 78% of dollar volume in calls ($9.17M) vs puts ($2.58M). Massive premium surge with dollar volume up 346% vs prior. Dollar volume significantly above 7-day average (298% higher). Unusually high activity with volume up 214% vs prior - elevated interest.

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 BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH

📈 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 14 of results (avg 8.5%, best 6.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$450.00Jul 1775.5080.80$78.156.8%10.97188
$440.00Jul 1785.5092.00$88.757.3%20.95389
$440.00Jul 2486.3092.90$89.607.4%30.91--
$440.00Jul 284.6091.70$88.158.1%10.948
$445.00Jul 3182.1089.10$85.608.2%30.93--
PUTS (0)
No puts meet the criteria

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. 76 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$450.00Jul 274.6081.70$78.159.1%31.00--
$490.00Jul 234.6041.20$37.9017.4%11.00--
$450.00Jul 1775.5080.80$78.156.8%10.97188
$460.00Jul 1766.0072.20$69.109.0%50.96239
$440.00Jul 1785.5092.00$88.757.3%20.95389
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$580.00Jul 1749.3055.90$52.6012.5%30.91--
$575.00Aug 748.2054.90$51.5513.0%20.77--
$570.00Aug 743.9050.50$47.2014.0%30.75--
$565.00Aug 1441.9048.70$45.3015.0%20.71--
$560.00Aug 1437.6045.10$41.3518.1%30.68--

Most actively traded options today. High liquidity = easy entry/exit. 159 active (total vol 2.8K, top 299)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$550.00Jul 100.352.80$1.58155.1%2300.15--
$520.00Jul 26.0010.70$8.3556.3%1510.7843
$540.00Jul 101.006.70$3.85148.1%1130.291
$500.00Jul 1027.5032.80$30.1517.6%800.8499
$475.00Jul 249.6055.50$52.5511.2%760.9284
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$495.00Jul 170.952.50$1.7389.6%2990.117
$520.00Jul 247.6010.70$9.1533.9%1610.39--
$440.00Jul 170.003.40$1.70200.0%920.06--
$440.00Jul 240.004.80$2.40200.0%920.07--
$490.00Jul 100.055.50$2.78196.0%900.14--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 35 strikes (avg 1252.2%, max 3595.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$445.00Jul 2Jul 311626.0%44.0%3595.5%570
$460.00Jul 2Jul 171374.0%40.0%3335.0%8247
$440.00Jul 2Jul 241710.0%53.0%3126.4%48
$480.00Jul 2Aug 141036.0%34.0%2947.1%372
$475.00Jul 2Jul 311121.0%37.0%2929.7%7784
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$470.00Jul 2Aug 71206.0%36.0%3250.0%6142
$495.00Jul 2Jul 24777.0%31.0%2406.5%4--
$485.00Jul 10Jul 3150.0%33.0%51.5%3--
$490.00Jul 10Jul 3148.0%32.0%50.0%91--
$500.00Jul 10Aug 738.0%31.0%22.6%2029

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 70 found (best R:R 132.33, avg 8.82)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$600.00$620.00Aug 7$0.15$19.85$0.15132.33$600.15
$550.00$555.00Jul 10$0.15$4.85$0.1532.33$550.15
$560.00$565.00Jul 10$0.20$4.80$0.2024.00$560.20
$600.00$620.00Jul 24$1.23$18.77$1.2315.26$601.23
$560.00$620.00Jul 31$3.85$56.15$3.8514.58$563.85
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$460.00$450.00Jul 24$0.17$9.83$0.1757.82$459.83
$475.00$425.00Jul 31$1.78$48.22$1.7827.09$473.22
$492.50$480.00Jul 17$0.50$12.00$0.5024.00$492.00
$480.00$470.00Jul 17$0.45$9.55$0.4521.22$479.55
$500.00$495.00Jul 10$0.25$4.75$0.2519.00$499.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 107 found (best R:R 49.00, avg 3.45)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$480.00$485.00Jul 2$4.90$4.90$0.1049.00$484.90
$515.00$520.00Jul 2$4.80$4.80$0.2024.00$519.80
$460.00$470.00Jul 17$9.55$9.55$0.4521.22$469.55
$480.00$485.00Jul 31$4.75$4.75$0.2519.00$484.75
$462.50$465.00Jul 2$2.35$2.35$0.1515.67$464.85
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$437.50$435.00Jul 2$2.37$2.37$0.1318.23$435.13
$575.00$570.00Aug 7$4.35$4.35$0.656.69$570.65
$580.00$530.00Jul 17$40.80$40.80$9.204.43$539.20
$565.00$560.00Aug 14$3.95$3.95$1.053.76$561.05
$570.00$530.00Aug 7$24.95$24.95$15.051.66$545.05

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 39 found (avg debit $2.96, cheapest $0.60)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$440.00Jul 2Jul 17$0.601710.0%60.0%
$490.00Jul 2Jul 10$0.75653.0%48.0%
$460.00Jul 2Jul 17$0.951374.0%40.0%
$475.00Jul 2Jul 10$1.101121.0%59.0%
$480.00Jul 2Jul 17$1.101036.0%38.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$480.00Jul 17Jul 24$0.6038.0%33.0%
$440.00Jul 17Jul 24$0.7060.0%53.0%
$492.50Jul 10Jul 17$1.0736.0%32.0%
$505.00Jul 17Jul 24$1.1528.0%25.0%
$515.00Jul 10Jul 17$1.2231.0%28.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 32 found (cheapest 3.42% of stock, avg 8.29%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$525.00Jul 10$10.80$7.25$18.05$506.95$543.053.42%
$520.00Jul 10$13.35$5.75$19.10$500.90$539.103.62%
$515.00Jul 10$17.15$4.58$21.73$493.27$536.734.12%
$510.00Jul 10$21.10$2.18$23.28$486.72$533.284.41%
$520.00Jul 17$16.05$7.90$23.95$496.05$543.954.54%
$530.00Jul 17$12.60$11.80$24.40$505.60$554.404.62%
$515.00Jul 17$19.15$5.80$24.95$490.05$539.954.73%
$540.00Jul 24$7.75$18.50$26.25$513.75$566.254.97%
$510.00Jul 17$22.75$5.50$28.25$481.75$538.255.35%
$520.00Jul 24$19.10$9.15$28.25$491.75$548.255.35%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 128 found (cheapest 0.57% of stock, avg 2.33%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$530.00$495.00Jul 2$0.60$2.40$3.00$492.00$533.00
$530.00$470.00Jul 2$0.60$2.40$3.00$467.00$533.00
$530.00$437.50Jul 2$0.60$2.40$3.00$434.50$533.00
$550.00$510.00Jul 10$1.58$2.18$3.76$506.24$553.76
$550.00$500.00Jul 10$1.58$2.60$4.18$495.82$554.18
$545.00$510.00Jul 10$2.73$2.18$4.91$505.09$549.91
$620.00$480.00Jul 31$2.40$2.80$5.20$474.80$625.20
$545.00$500.00Jul 10$2.73$2.60$5.33$494.67$550.33
$580.00$505.00Jul 17$2.25$3.28$5.53$499.47$585.53
$560.00$505.00Jul 17$2.58$3.28$5.86$499.14$565.86

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 125 found (best R:R 54.56, avg credit $6.41)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
480/490510/520Jul 24$9.82$0.1854.56$480.18$519.82
485/490495/500Jul 10$4.88$0.1240.67$485.12$499.88
460/470500/510Jul 17$9.17$0.8311.05$460.83$509.17
470/480500/510Jul 17$9.00$1.009.00$471.00$509.00
495/500510/515Jul 17$4.45$0.558.09$495.55$514.45
480/485530/535Jul 31$4.45$0.558.09$480.55$534.45
470/480500/510Aug 7$8.85$1.157.70$471.15$508.85
480/485525/530Jul 31$4.40$0.607.33$480.60$529.40
485/490510/515Jul 10$4.33$0.676.46$485.67$514.33
500/505510/515Jul 17$4.30$0.706.14$500.70$514.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 41 found (best R:R 32.33, cheapest $0.15)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$510.00$515.00$520.00Jul 10$0.15$4.8532.33
$555.00$560.00$565.00Jul 10$0.18$4.8226.78
$495.00$500.00$505.00Jul 24$0.20$4.8024.00
$490.00$495.00$500.00Jul 17$0.25$4.7519.00
$465.00$467.50$470.00Jul 2$0.15$2.3515.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$440.00$450.00$460.00Jul 24$0.32$9.6830.25
$450.00$460.00$470.00Jul 17$0.64$9.3614.62
$515.00$520.00$525.00Jul 10$0.33$4.6714.15
$440.00$450.00$460.00Jul 17$0.93$9.079.75
$460.00$470.00$480.00Jul 24$1.02$8.988.80

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 76 found (best net $-0.62, 62 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$545.00$570.001:2Aug 7-$0.10$24.90
$570.00$590.001:2Jul 24-$0.82$19.18
$600.00$620.001:2Jul 24-$1.17$18.83
$570.00$590.001:2Aug 7-$2.51$17.49
$600.00$620.001:2Aug 7-$3.68$16.32
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$475.00$425.001:2Jul 31-$0.62$49.38
$470.00$430.001:2Aug 7-$0.51$39.49
$470.00$437.501:2Jul 2-$2.40$30.10
$495.00$470.001:2Jul 2-$2.40$22.60
$500.00$480.001:2Aug 7-$3.65$16.35

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 25 found (best yield 2.63%, avg 0.88%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$530.00Jul 31$13.900.510.4%2.63%3.00%42
$545.00Aug 7$12.200.403.2%2.31%5.52%1--
$535.00Jul 31$11.200.461.3%2.12%3.44%2--
$530.00Jul 17$9.900.510.4%1.87%2.25%2252
$530.00Jul 24$9.800.490.4%1.86%2.23%1--
$535.00Jul 24$8.700.431.3%1.65%2.97%2--
$530.00Jul 10$6.200.470.4%1.17%1.55%3022
$535.00Jul 17$6.200.451.3%1.17%2.49%51
$550.00Jul 31$5.900.324.2%1.12%5.28%2--
$540.00Jul 24$5.100.362.3%0.97%3.23%1--

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 3,380
Total Puts 2,595
Put/Call Ratio 0.77
Net Difference 785

Prior's Put/Call Breakdown

Total Calls 711
Total Puts 1,190
Put/Call Ratio 1.67
Net Difference -479

Prior 7-Day Put/Call Summary

Total Calls 9,344
Total Puts 8,401
Average Put/Call Ratio 1.06
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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