Tour v303
VRTX
VERTEX PHARMACEUTICA
$498.43 -4.56%
$498.72 (+0.06%)🌙
as of 07/08 07:13 PM
7/8 19:13

Option Volume

Detail
Current (07/08) 4,673
Calls: 2,213 (47%)
Puts: 2,460 (53%)
Prior (07/07) 3,387
Calls: 1,708 (50%)
Puts: 1,679 (50%)
Current vs Prior +37.97%
Calls: +29.57% (Calls)
Puts: +46.52% (Puts)
Prior 7-Day Total 23,275
Calls: 11,465 (49%)
Puts: 11,810 (51%)
Prior 7-Day Average 3,325
Calls: 1,637 (49%)
Puts: 1,687 (51%)
Current vs Prior 7-Day Avg +40.54%
Calls: +35.12%
Puts: +45.81%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/08) $7.24M
Calls: $3.59M (50%)
Puts: $3.65M (50%)
Prior (07/07) $10.33M
Calls: $7.58M (73%)
Puts: $2.75M (27%)
Current vs Prior -29.88%
Calls: -52.68%
Puts: +33.00%
Prior 7-Day Total $43.76M
Calls: $34.31M (78%)
Puts: $9.44M (22%)
Prior 7-Day Average $6.25M
Calls: $4.90M (78%)
Puts: $1.35M (22%)
Current vs Prior 7-Day Avg +15.84%
Calls: -26.83%
Puts: +170.87%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/08) 1.11
Prior (07/07) 0.98
Current vs Prior +13.08%
Prior 7-Day Average 1.24
Current vs Prior 7-Day Avg -10.34%
Sentiment BEARISH

Open Interest

Detail
Current (07/08) 7,725
Calls: 3,515 (46%)
Puts: 4,210 (54%)
Prior (07/07) 9,536
Calls: 6,717 (70%)
Puts: 2,819 (30%)
Current vs Prior -18.99%
Prior 7-Day Total 63,260
Calls: 46,670 (74%)
Puts: 16,590 (26%)
Prior 7-Day Average 9,037
Calls: 6,667 (74%)
Puts: 2,370 (26%)
Current vs Prior 7-Day Avg -14.52%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 1.93% | 3.99%3.99% | 10.63%
Prior 2.78% | 4.41%4.41% | 10.57%
Current vs Prior -30.63% | -9.54%-9.54% | +0.60%
Prior 7-Day Avg 2.69% | 4.19%4.26% | 10.78%
Current vs 7-Day Avg -28.48% | -4.77%-6.18% | -1.40%
Prior 7-Day Eod 2.78% | 4.41%-- | --
Current vs 7-Day Eod -30.63% | -9.54%-- | --
Sentiment BULLISHBULLISH

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 124.11% | 15.76%
Calls: 77.94% | 15.94%
Puts: 170.28% | 15.60%
Current vs 7-Day Avg +1.25% | -41.57%
Liquidity Expensive
+
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🤖 AI Insights

Slightly bearish P/C ratio of 1.11. Declining open interest (down 19%) indicates positions being closed.

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 NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
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 8 of results (avg 7.6%, best 5.5%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Aug 2141.6044.00$42.805.6%40.7072
$500.00Jul 178.709.60$9.159.8%510.47283
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$520.00Aug 2133.9035.80$34.855.5%20.62--
$510.00Aug 2128.0029.90$28.956.6%20.55342
$500.00Aug 2122.8024.60$23.707.6%490.4934
$585.00Jul 1782.4089.10$85.757.8%20.91--
$580.00Jul 1777.4084.00$80.708.2%20.96--

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. 34 found (avg delta 0.72, highest 0.96)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$475.00Jul 1021.3028.60$24.9529.3%10.9411
$440.00Jul 1756.6062.60$59.6010.1%10.91--
$470.00Jul 1727.2034.10$30.6522.5%2100.89815
$480.00Jul 1016.5023.50$20.0035.0%10.87--
$470.00Jul 1026.2033.30$29.7523.9%10.854
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$580.00Jul 1777.4084.00$80.708.2%20.96--
$525.00Jul 1022.9029.30$26.1024.5%10.92--
$585.00Jul 1782.4089.10$85.757.8%20.91--
$530.00Jul 1728.0036.00$32.0025.0%50.86--
$520.00Jul 1017.8024.50$21.1531.7%220.8244

Most actively traded options today. High liquidity = easy entry/exit. 112 active (total vol 3.4K, top 1.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$550.00Aug 215.708.60$7.1540.6%1.0K0.2241
$470.00Jul 1727.2034.10$30.6522.5%2100.89815
$490.00Jul 1712.8015.10$13.9516.5%920.65--
$500.00Jul 178.709.60$9.159.8%510.47283
$545.00Jul 170.056.00$3.03196.4%500.15--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$480.00Aug 2114.1016.10$15.1013.2%1.1K0.3515
$530.00Aug 2137.9043.90$40.9014.7%770.664
$525.00Jul 3126.0034.00$30.0026.7%640.761
$500.00Aug 2122.8024.60$23.707.6%490.4934
$480.00Jul 316.007.70$6.8524.8%440.2931

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 22 strikes (avg 54.9%, max 170.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$540.00Jul 10Jul 1799.3%36.6%170.9%35130
$470.00Jul 10Aug 2180.1%35.0%129.1%576
$520.00Jul 10Aug 2163.3%34.5%83.6%37299
$530.00Jul 10Aug 2159.7%36.8%62.2%3108
$510.00Jul 10Aug 2153.5%35.3%51.4%3680
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$520.00Jul 10Aug 2163.3%34.5%83.6%2444
$525.00Jul 10Jul 3151.8%28.8%79.9%651
$515.00Jul 10Jul 1756.9%31.9%78.5%37345
$505.00Jul 10Jul 1751.0%31.4%62.4%2119
$510.00Jul 10Aug 2153.5%35.3%51.4%17372

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 72 found (best R:R 49.00, avg 4.95)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$535.00$540.00Jul 17$0.10$4.90$0.1049.00$535.10
$520.00$525.00Jul 17$0.16$4.84$0.1630.25$520.16
$525.00$530.00Jul 17$0.34$4.66$0.3413.71$525.34
$530.00$565.00Jul 31$2.73$32.27$2.7311.82$532.73
$510.00$520.00Jul 10$1.02$8.98$1.028.80$511.02
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$475.00$470.00Jul 17$0.15$4.85$0.1532.33$474.85
$470.00$450.00Jul 17$0.80$19.20$0.8024.00$469.20
$465.00$460.00Jul 31$0.25$4.75$0.2519.00$464.75
$470.00$465.00Jul 31$0.50$4.50$0.509.00$469.50
$480.00$475.00Jul 17$0.55$4.45$0.558.09$479.45

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 84 found (best R:R 37.46, avg 2.31)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$440.00$470.00Jul 17$28.95$28.95$1.0527.57$468.95
$470.00$475.00Jul 10$4.80$4.80$0.2024.00$474.80
$485.00$492.50Jul 10$6.85$6.85$0.6510.54$491.85
$480.00$485.00Jul 10$4.30$4.30$0.706.14$484.30
$470.00$490.00Jul 17$16.70$16.70$3.305.06$486.70
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$580.00$530.00Jul 17$48.70$48.70$1.3037.46$531.30
$505.00$500.00Jul 10$4.75$4.75$0.2519.00$500.25
$530.00$515.00Jul 17$13.10$13.10$1.906.89$516.90
$510.00$505.00Jul 10$4.15$4.15$0.854.88$505.85
$530.00$525.00Jul 31$4.10$4.10$0.904.56$525.90

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 29 found (avg debit $4.55, cheapest $0.35)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$520.00Jul 10Jul 17$0.3563.3%31.5%
$470.00Jul 10Jul 17$0.9080.1%32.8%
$515.00Jul 17Jul 24$0.9831.9%26.7%
$530.00Jul 10Jul 17$1.2559.7%36.7%
$525.00Jul 10Jul 17$1.6451.8%34.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$480.00Jul 10Jul 17$1.1347.6%27.4%
$485.00Jul 17Jul 24$1.5826.8%24.5%
$530.00Jul 17Jul 31$2.1036.7%28.8%
$470.00Jul 17Jul 31$2.1332.8%27.4%
$460.00Jul 31Aug 7$2.2031.1%33.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 21 found (cheapest 1.77% of stock, avg 6.07%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$500.00Jul 10$5.20$3.60$8.80$491.20$508.801.77%
$505.00Jul 10$4.33$8.35$12.68$492.32$517.682.54%
$510.00Jul 10$3.15$12.50$15.65$494.35$525.653.14%
$495.00Jul 17$10.65$7.25$17.90$477.10$512.903.59%
$500.00Jul 17$9.15$9.65$18.80$481.20$518.803.77%
$490.00Jul 17$13.95$5.10$19.05$470.95$509.053.82%
$497.50Jul 17$10.25$10.00$20.25$477.25$517.754.06%
$480.00Jul 10$20.00$1.27$21.27$458.73$501.274.27%
$515.00Jul 17$3.60$18.90$22.50$492.50$537.504.51%
$520.00Jul 10$2.13$21.15$23.28$496.72$543.284.67%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 127 found (cheapest 0.68% of stock, avg 3.36%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$520.00$480.00Jul 10$2.13$1.27$3.40$476.60$523.40
$540.00$480.00Jul 10$2.40$1.27$3.67$476.33$543.67
$510.00$480.00Jul 10$3.15$1.27$4.42$475.58$514.42
$505.00$480.00Jul 10$4.33$1.27$5.60$474.40$510.60
$525.00$485.00Jul 17$2.32$3.47$5.79$479.21$530.79
$520.00$485.00Jul 17$2.48$3.47$5.95$479.05$525.95
$520.00$495.00Jul 10$2.13$4.28$6.41$488.59$526.41
$500.00$480.00Jul 10$5.20$1.27$6.47$473.53$506.47
$540.00$495.00Jul 10$2.40$4.28$6.68$488.32$546.68
$515.00$485.00Jul 17$3.60$3.47$7.07$477.93$522.07

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 167 found (best R:R 10.11, avg credit $4.92)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
520/530550/560Aug 21$9.10$0.9010.11$520.90$559.10
480/490500/510Aug 21$9.00$1.009.00$481.00$509.00
510/520550/560Aug 21$8.95$1.058.52$511.05$558.95
492/495498/500Jul 17$2.20$0.307.33$492.80$499.70
480/485490/495Jul 17$4.37$0.636.94$480.63$494.37
490/500510/520Aug 21$8.70$1.306.69$491.30$518.70
490/492498/500Jul 17$2.15$0.356.14$490.35$499.65
500/505510/515Jul 17$4.30$0.706.14$500.70$514.30
480/490510/520Aug 21$8.40$1.605.25$481.60$518.40
500/510550/560Aug 21$8.30$1.704.88$501.70$558.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 25 found (best R:R 65.67, cheapest $0.15)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$510.00$515.00$520.00Jul 17$0.23$4.7720.74
$490.00$500.00$510.00Aug 21$0.50$9.5019.00
$500.00$510.00$520.00Aug 21$0.60$9.4015.67
$520.00$525.00$530.00Jul 31$0.33$4.6714.15
$475.00$480.00$485.00Jul 10$0.65$4.356.69
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$510.00$520.00$530.00Aug 21$0.15$9.8565.67
$480.00$490.00$500.00Aug 21$0.30$9.7032.33
$460.00$465.00$470.00Jul 31$0.25$4.7519.00
$500.00$510.00$520.00Aug 21$0.65$9.3514.38
$470.00$475.00$480.00Jul 17$0.40$4.6011.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 62 found (best net $-3.94, 53 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$440.00$470.001:2Jul 17-$1.70$28.30
$530.00$550.001:2Aug 21-$1.10$18.90
$500.00$515.001:2Jul 31-$0.35$14.65
$480.00$500.001:2Aug 7-$8.10$11.90
$535.00$550.001:2Aug 7-$3.75$11.25
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$450.00$410.001:2Jul 17-$3.94$36.06
$470.00$450.001:2Jul 17-$0.10$19.90
$520.00$495.001:2Aug 14-$6.70$18.30
$480.00$460.001:2Aug 21-$3.70$16.30
$510.00$495.001:2Jul 31-$4.35$10.65

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 36 found (best yield 4.43%, avg 1.20%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$500.00Aug 21$22.100.510.3%4.43%4.75%2--
$500.00Aug 7$17.600.510.3%3.53%3.85%5--
$510.00Aug 21$17.100.452.3%3.43%5.75%3480
$505.00Aug 7$15.800.471.3%3.17%4.49%4--
$520.00Aug 21$12.500.384.3%2.51%6.84%11258
$500.00Jul 31$11.000.490.3%2.21%2.52%322
$515.00Aug 7$11.000.393.3%2.21%5.53%2--
$525.00Aug 14$10.400.365.3%2.09%7.42%2--
$530.00Aug 21$9.900.346.3%1.99%8.32%1--
$520.00Aug 7$9.400.364.3%1.89%6.21%5--

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 2,213
Total Puts 2,460
Put/Call Ratio 1.11
Net Difference -247

Prior's Put/Call Breakdown

Total Calls 1,708
Total Puts 1,679
Put/Call Ratio 0.98
Net Difference 29

Prior 7-Day Put/Call Summary

Total Calls 11,465
Total Puts 11,810
Average Put/Call Ratio 1.24
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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