Tour v340
VRTX
VERTEX PHARMACEUTICA
$477.08 +0.16%
$477.27 (+0.04%)🌙
as of 07/15 07:18 PM
7/15 19:18

Option Volume

Detail
Current (07/15) 2,956
Calls: 1,511 (51%)
Puts: 1,445 (49%)
Prior (07/14) 2,236
Calls: 1,328 (59%)
Puts: 908 (41%)
Current vs Prior +32.20%
Calls: +13.78% (Calls)
Puts: +59.14% (Puts)
Prior 7-Day Total 23,768
Calls: 10,881 (46%)
Puts: 12,887 (54%)
Prior 7-Day Average 3,395
Calls: 1,554 (46%)
Puts: 1,841 (54%)
Current vs Prior 7-Day Avg -12.94%
Calls: -2.79%
Puts: -21.51%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/15) $4.97M
Calls: $2.74M (55%)
Puts: $2.23M (45%)
Prior (07/14) $2.50M
Calls: $2.14M (86%)
Puts: $355.0K (14%)
Current vs Prior +98.92%
Calls: +27.73%
Puts: +528.82%
Prior 7-Day Total $37.82M
Calls: $25.02M (66%)
Puts: $12.81M (34%)
Prior 7-Day Average $5.40M
Calls: $3.57M (66%)
Puts: $1.83M (34%)
Current vs Prior 7-Day Avg -8.00%
Calls: -23.38%
Puts: +22.04%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/15) 0.96
Prior (07/14) 0.68
Current vs Prior +39.87%
Prior 7-Day Average 1.41
Current vs Prior 7-Day Avg -32.30%
Sentiment NEUTRAL

Open Interest

Detail
Current (07/15) 9,079
Calls: 4,830 (53%)
Puts: 4,249 (47%)
Prior (07/14) 8,721
Calls: 3,808 (44%)
Puts: 4,913 (56%)
Current vs Prior +4.11%
Prior 7-Day Total 66,001
Calls: 38,486 (58%)
Puts: 27,515 (42%)
Prior 7-Day Average 9,428
Calls: 5,498 (58%)
Puts: 3,930 (42%)
Current vs Prior 7-Day Avg -3.71%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 2.05% | 4.18%2.05% | 10.95%
Prior 2.68% | 4.56%2.68% | 10.53%
Current vs Prior -23.44% | -8.21%-23.44% | +4.02%
Prior 7-Day Avg 2.82% | 4.36%3.73% | 10.70%
Current vs 7-Day Avg -27.14% | -4.06%-44.88% | +2.40%
Prior 7-Day Eod 2.68% | 4.56%2.68% | 10.53%
Current vs 7-Day Eod -23.44% | -8.21%-23.44% | +4.02%
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 125.66% | 9.21%
Calls: 67.80% | 10.00%
Puts: 183.51% | 8.43%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Elevated premium activity with dollar volume up 99% vs prior. P/C ratio rising 40% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 7.9%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$390.00Jul 3184.2091.10$87.657.9%10.9511
$490.00Aug 2117.8019.40$18.608.6%430.4522
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$480.00Aug 2122.8024.70$23.758.0%810.49507
$470.00Aug 2117.9019.60$18.759.1%290.4299

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. 29 found (avg delta 0.65, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$440.00Jul 1735.0040.50$37.7514.6%10.98--
$390.00Jul 3184.2091.10$87.657.9%10.9511
$452.50Jul 1721.0029.00$25.0032.0%30.93--
$455.00Jul 2421.3029.00$25.1530.6%30.85--
$457.50Jul 1716.4023.50$19.9535.6%30.84--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$485.00Jul 176.6014.20$10.4073.1%10.72--
$482.50Jul 174.7011.10$7.9081.0%10.63--
$480.00Jul 173.109.50$6.30101.6%80.57398
$490.00Aug 2125.1030.30$27.7018.8%40.56--
$490.00Aug 2827.9034.00$30.9519.7%40.55--

Most actively traded options today. High liquidity = easy entry/exit. 130 active (total vol 2.0K, top 209)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$490.00Jul 170.002.05$1.02201.0%2090.16436
$530.00Jul 310.152.85$1.50180.0%1030.0994
$560.00Aug 141.004.90$2.95132.2%800.11--
$480.00Jul 171.008.00$4.50155.6%630.43194
$480.00Aug 2121.3025.40$23.3517.6%610.5123
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Jul 170.206.40$3.30187.9%1290.32493
$430.00Jul 240.004.80$2.40200.0%1120.1196
$480.00Aug 2122.8024.70$23.758.0%810.49507
$450.00Aug 2110.0011.60$10.8014.8%720.2924
$450.00Aug 2810.1013.00$11.5525.1%710.29--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 28 strikes (avg 48.8%, max 261.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$550.00Jul 17Aug 21143.9%39.8%261.5%9527
$530.00Jul 17Aug 21111.9%37.5%198.3%6144
$520.00Jul 17Aug 28100.6%36.1%178.7%3--
$540.00Jul 17Aug 21100.1%37.0%170.2%5147
$495.00Jul 17Jul 3154.9%28.0%95.8%951
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$460.00Jul 17Aug 2851.1%35.1%45.6%331
$390.00Jul 31Aug 2161.6%42.5%44.9%352
$430.00Jul 24Aug 2856.9%39.8%42.9%118117
$415.00Jul 24Aug 766.8%50.8%31.4%18--
$450.00Jul 17Aug 2844.6%35.4%25.7%91284

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 88 found (best R:R 65.67, avg 7.07)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$525.00$535.00Jul 24$0.15$9.85$0.1565.67$525.15
$520.00$530.00Jul 17$0.25$9.75$0.2539.00$520.25
$510.00$515.00Jul 31$0.13$4.87$0.1337.46$510.13
$540.00$550.00Aug 21$0.28$9.72$0.2834.71$540.28
$510.00$525.00Jul 24$0.43$14.57$0.4333.88$510.43
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$420.00$400.00Aug 21$0.40$19.60$0.4049.00$419.60
$410.00$405.00Aug 7$0.16$4.84$0.1630.25$409.84
$435.00$405.00Jul 31$1.48$28.52$1.4819.27$433.52
$462.50$435.00Jul 31$1.92$25.58$1.9213.32$460.58
$440.00$430.00Aug 7$0.90$9.10$0.9010.11$439.10

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 92 found (best R:R 8.62, avg 0.77)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$457.50$470.00Jul 17$11.20$11.20$1.308.62$468.70
$390.00$472.50Jul 31$73.25$73.25$9.257.92$463.25
$455.00$460.00Jul 24$4.25$4.25$0.755.67$459.25
$460.00$477.50Jul 24$12.25$12.25$5.252.33$472.25
$450.00$470.00Aug 21$12.45$12.45$7.551.65$462.45
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$482.50$480.00Jul 17$1.60$1.60$0.901.78$480.90
$470.00$460.00Aug 28$6.25$6.25$3.751.67$463.75
$455.00$452.50Jul 17$1.28$1.28$1.221.05$453.72
$490.00$480.00Aug 28$5.10$5.10$4.901.04$484.90
$480.00$470.00Aug 21$5.00$5.00$5.001.00$475.00

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 30 found (avg debit $3.59, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$520.00Jul 17Jul 31$0.08100.6%34.6%
$450.00Aug 21Aug 28$0.6037.4%35.4%
$510.00Jul 17Jul 24$0.7346.2%30.6%
$555.00Aug 7Aug 14$0.7541.7%40.0%
$565.00Aug 7Aug 14$0.9045.2%43.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$390.00Jul 31Aug 21$0.3761.6%42.5%
$420.00Aug 7Aug 21$1.0246.5%39.8%
$395.00Aug 7Aug 28$1.6351.6%44.0%
$415.00Jul 24Aug 7$1.8866.8%50.8%
$450.00Jul 17Jul 24$2.2744.6%38.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 19 found (cheapest 2.26% of stock, avg 8.06%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$480.00Jul 17$4.50$6.30$10.80$469.20$490.802.26%
$470.00Jul 17$8.75$3.30$12.05$457.95$482.052.53%
$485.00Jul 17$2.32$10.40$12.72$472.28$497.722.67%
$480.00Jul 24$7.60$9.75$17.35$462.65$497.353.64%
$480.00Jul 31$10.30$12.05$22.35$457.65$502.354.68%
$475.00Jul 31$13.10$9.60$22.70$452.30$497.704.76%
$452.50Jul 17$25.00$0.57$25.57$426.93$478.075.36%
$475.00Aug 7$20.70$16.80$37.50$437.50$512.507.86%
$460.00Aug 7$29.45$11.25$40.70$419.30$500.708.53%
$475.00Aug 14$22.60$18.85$41.45$433.55$516.458.69%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 0.52% of stock, avg 3.30%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$490.00$460.00Jul 17$1.02$1.45$2.47$457.53$492.47
$510.00$425.00Jul 24$0.88$1.78$2.66$422.34$512.66
$510.00$415.00Jul 24$0.88$1.95$2.83$412.17$512.83
$510.00$430.00Jul 24$0.88$2.40$3.28$426.72$513.28
$495.00$460.00Jul 17$1.90$1.45$3.35$456.65$498.35
$490.00$465.00Jul 17$1.02$2.30$3.32$461.68$493.32
$510.00$450.00Jul 24$0.88$2.47$3.35$446.65$513.35
$510.00$405.00Jul 31$2.38$1.10$3.48$401.52$513.48
$485.00$460.00Jul 17$2.32$1.45$3.77$456.23$488.77
$487.50$460.00Jul 17$2.53$1.45$3.98$456.02$491.48

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 240 found (best R:R 65.67, avg credit $5.48)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
460/470510/520Aug 28$9.85$0.1565.67$460.15$519.85
425/430455/460Jul 24$4.87$0.1337.46$425.13$459.87
450/452458/470Jul 17$11.57$0.9312.44$440.93$469.07
475/480485/490Jul 31$4.50$0.509.00$475.50$489.50
460/470480/490Aug 21$9.00$1.009.00$461.00$489.00
450/460470/480Aug 21$8.85$1.157.70$451.15$478.85
450/460480/490Aug 28$8.70$1.306.69$451.30$488.70
480/490510/520Aug 28$8.70$1.306.69$481.30$518.70
470/475485/490Jul 31$4.30$0.706.14$470.70$489.30
465/468488/490Jul 17$2.14$0.365.94$465.36$489.64

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 22 found (best R:R 44.45, cheapest $0.11)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$510.00$515.00$520.00Jul 31$0.11$4.8944.45
$470.00$480.00$490.00Aug 21$0.40$9.6024.00
$515.00$520.00$525.00Jul 31$0.34$4.6613.71
$520.00$530.00$540.00Aug 21$0.77$9.2311.99
$485.00$490.00$495.00Jul 31$0.65$4.356.69
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$470.00$475.00$480.00Jul 31$0.20$4.8024.00
$410.00$415.00$420.00Aug 7$0.25$4.7519.00
$450.00$460.00$470.00Aug 21$0.55$9.4517.18
$470.00$480.00$490.00Aug 28$0.55$9.4517.18
$460.00$470.00$480.00Aug 21$0.75$9.2512.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 90 found (best net $-0.66, 71 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$520.00$545.001:2Aug 28-$2.50$22.50
$520.00$540.001:2Aug 7-$0.76$19.24
$490.00$510.001:2Aug 21-$1.00$19.00
$535.00$555.001:2Aug 14-$1.43$18.57
$510.00$525.001:2Jul 24-$0.02$14.98
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$462.50$435.001:2Jul 31-$0.66$26.84
$420.00$395.001:2Aug 28-$0.56$24.44
$460.00$440.001:2Aug 7-$1.25$18.75
$450.00$430.001:2Aug 21-$1.70$18.30
$450.00$430.001:2Jul 24-$2.33$17.67

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 42 found (best yield 4.72%, avg 0.93%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$480.00Aug 28$22.500.510.6%4.72%5.33%61
$480.00Aug 21$21.300.510.6%4.46%5.08%6123
$490.00Aug 28$18.000.452.7%3.77%6.48%3--
$490.00Aug 21$17.800.452.7%3.73%6.44%4322
$490.00Aug 7$11.800.412.7%2.47%5.18%91
$510.00Aug 28$9.600.336.9%2.01%8.91%1--
$480.00Jul 31$9.100.490.6%1.91%2.52%1980
$485.00Jul 31$7.000.421.7%1.47%3.13%10--
$510.00Aug 21$7.000.306.9%1.47%8.37%1--
$480.00Jul 24$6.400.460.6%1.34%1.95%58

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 1,511
Total Puts 1,445
Put/Call Ratio 0.96
Net Difference 66

Prior's Put/Call Breakdown

Total Calls 1,328
Total Puts 908
Put/Call Ratio 0.68
Net Difference 420

Prior 7-Day Put/Call Summary

Total Calls 10,881
Total Puts 12,887
Average Put/Call Ratio 1.41
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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