Tour v344
VRTX
VERTEX PHARMACEUTICA
$486.03 +1.88%
(7/15 19:18) ◀
|
Thursday, July 16, 2026 (7:11pm)
January 2026
|
▶ (7/17 19:29)
◀ 7/16 19:11 ▶

Option Volume

Detail
ℹ
Current (07/16) 5,347
Calls: 1,337 (25%)
Puts: 4,010 (75%)
Prior (07/15) 2,956
Calls: 1,511 (51%)
Puts: 1,445 (49%)
Current vs Prior +80.89%
Calls: -11.52% (Calls)
Puts: +177.51% (Puts)
Prior 7-Day Total 23,431
Calls: 11,218 (48%)
Puts: 12,213 (52%)
Prior 7-Day Average 3,347
Calls: 1,602 (48%)
Puts: 1,744 (52%)
Current vs Prior 7-Day Avg +59.74%
Calls: -16.57%
Puts: +129.84%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/16) $2.09M
Calls: $1.22M (58%)
Puts: $867.9K (42%)
Prior (07/15) $4.97M
Calls: $2.74M (55%)
Puts: $2.23M (45%)
Current vs Prior -58.00%
Calls: -55.45%
Puts: -61.12%
Prior 7-Day Total $35.17M
Calls: $21.94M (62%)
Puts: $13.23M (38%)
Prior 7-Day Average $5.02M
Calls: $3.13M (62%)
Puts: $1.89M (38%)
Current vs Prior 7-Day Avg -58.44%
Calls: -61.08%
Puts: -54.08%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/16) 3.00
Prior (07/15) 0.96
Current vs Prior +213.62%
Prior 7-Day Average 1.29
Current vs Prior 7-Day Avg +132.27%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/16) 8,940
Calls: 5,258 (59%)
Puts: 3,682 (41%)
Prior (07/15) 9,079
Calls: 4,830 (53%)
Puts: 4,249 (47%)
Current vs Prior -1.53%
Prior 7-Day Total 66,833
Calls: 38,049 (57%)
Puts: 28,784 (43%)
Prior 7-Day Average 9,547
Calls: 5,435 (57%)
Puts: 4,112 (43%)
Current vs Prior 7-Day Avg -6.36%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 2.03% | 4.36%2.03% | 10.35%
Prior 2.05% | 4.18%2.05% | 10.95%
Current vs Prior -1.34% | +4.31%-1.34% | -5.50%
Prior 7-Day Avg 2.62% | 4.37%3.44% | 10.69%
Current vs 7-Day Avg -22.71% | -0.20%-41.00% | -3.18%
Prior 7-Day Eod 2.05% | 4.18%2.05% | 10.95%
Current vs 7-Day Eod -1.34% | +4.31%-1.34% | -5.50%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
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

Light premium activity with dollar volume down 58% vs prior. Above-average activity with volume up 81% vs prior. Extreme bearish P/C ratio of 3.00 - heavy put buying. P/C ratio rising 214% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
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 1 of results (avg 9.0%, best 9.0%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$420.00Jul 1764.4070.50$67.459.0%10.96--
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. 23 found (avg delta 0.68, highest 0.96)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$420.00Jul 1764.4070.50$67.459.0%10.96--
$462.50Jul 1720.3028.00$24.1531.9%10.93--
$460.00Jul 1724.4030.80$27.6023.2%50.93232
$470.00Jul 1714.7020.90$17.8034.8%150.89753
$467.50Jul 1715.4021.90$18.6534.9%10.87--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$490.00Jul 171.709.80$5.75140.9%10.64148
$487.50Jul 171.658.90$5.28137.3%10.545

Most actively traded options today. High liquidity = easy entry/exit. 97 active (total vol 1.8K, top 190)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$485.00Jul 248.3013.20$10.7545.6%1900.5331
$485.00Jul 170.458.70$4.57180.5%1610.56127
$480.00Jul 174.6012.00$8.3089.2%1590.67210
$480.00Jul 248.3016.20$12.2564.5%1530.618
$535.00Jul 310.102.65$1.38184.8%1360.098
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$465.00Aug 75.3010.10$7.7062.3%1720.281
$410.00Aug 70.653.90$2.28142.5%970.0847
$470.00Jul 240.956.90$3.93151.4%310.2542
$465.00Jul 240.506.90$3.70173.0%300.2234
$420.00Aug 71.454.40$2.93100.7%250.1014

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 53.7%, max 153.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$525.00Jul 17Aug 796.8%38.1%153.7%11188
$482.50Jul 17Jul 3154.5%26.6%105.0%221
$467.50Jul 17Jul 2471.3%36.4%95.8%2--
$462.50Jul 17Jul 2468.4%38.8%76.5%2--
$480.00Jul 17Aug 1459.9%37.6%59.4%160210
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$460.00Jul 17Aug 2876.4%34.5%121.6%1281
$465.00Jul 17Aug 777.0%35.8%115.1%1731
$470.00Jul 17Jul 3155.7%28.8%93.2%10467
$475.00Jul 17Aug 769.3%39.6%75.1%5134
$480.00Jul 17Aug 1459.9%37.6%59.4%13395

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 58 found (best R:R 82.33, avg 8.71)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$500.00$525.00Jul 17$0.67$24.33$0.6736.31$500.67
$507.50$545.00Jul 24$1.13$36.37$1.1332.19$508.63
$520.00$535.00Jul 31$0.55$14.45$0.5526.27$520.55
$480.00$482.50Jul 24$0.20$2.30$0.2011.50$480.20
$490.00$497.50Jul 17$0.73$6.77$0.739.27$490.73
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$425.00$415.00Jul 24$0.12$9.88$0.1282.33$424.88
$445.00$435.00Aug 7$0.20$9.80$0.2049.00$444.80
$465.00$390.00Jul 31$3.18$71.82$3.1822.58$461.82
$440.00$430.00Jul 24$0.45$9.55$0.4521.22$439.55
$450.00$440.00Jul 24$0.45$9.55$0.4521.22$449.55

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 65 found (best R:R 265.67, avg 4.88)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$420.00$460.00Jul 17$39.85$39.85$0.15265.67$459.85
$462.50$467.50Jul 24$4.35$4.35$0.656.69$466.85
$467.50$480.00Jul 24$10.40$10.40$2.104.95$477.90
$470.00$475.00Jul 17$4.10$4.10$0.904.56$474.10
$480.00$482.50Jul 17$1.95$1.95$0.553.55$481.95
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$487.50$485.00Jul 17$2.00$2.00$0.504.00$485.50
$485.00$472.50Jul 24$6.78$6.78$5.721.19$478.22
$475.00$465.00Aug 7$5.25$5.25$4.751.11$469.75
$480.00$475.00Aug 7$2.00$2.00$3.000.67$478.00
$475.00$470.00Jul 17$1.77$1.77$3.230.55$473.23

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 24 found (avg debit $5.08, cheapest $1.00)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$515.00Aug 7Aug 14$1.2035.8%33.3%
$530.00Aug 7Aug 21$1.8741.5%35.5%
$500.00Jul 17Jul 24$2.0357.7%29.3%
$462.50Jul 17Jul 24$2.8568.4%38.8%
$480.00Jul 17Jul 24$3.9559.9%34.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$390.00Jul 31Aug 14$1.0052.9%49.0%
$465.00Jul 17Jul 24$2.5777.0%40.3%
$425.00Jul 24Aug 7$2.7350.1%48.0%
$415.00Jul 24Aug 7$2.7754.4%53.5%
$430.00Jul 24Aug 7$2.8046.9%45.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 1.62% of stock, avg 3.85%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$485.00Jul 17$4.57$3.28$7.85$477.15$492.851.62%
$490.00Jul 17$2.48$5.75$8.23$481.77$498.231.69%
$487.50Jul 17$4.15$5.28$9.43$478.07$496.931.94%
$480.00Jul 17$8.30$3.20$11.50$468.50$491.502.37%
$475.00Jul 17$13.70$2.50$16.20$458.80$491.203.33%
$470.00Jul 17$17.80$0.73$18.53$451.47$488.533.81%
$467.50Jul 17$18.65$1.18$19.83$447.67$487.334.08%
$485.00Jul 24$10.75$9.20$19.95$465.05$504.954.10%
$462.50Jul 17$24.15$0.53$24.68$437.82$487.185.08%
$460.00Jul 17$27.60$0.60$28.20$431.80$488.205.80%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 102 found (cheapest 0.46% of stock, avg 2.38%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$545.00$450.00Jul 24$0.85$1.38$2.23$447.77$547.23
$500.00$465.00Jul 17$1.27$1.13$2.40$462.60$502.40
$500.00$467.50Jul 17$1.27$1.18$2.45$465.05$502.45
$497.50$465.00Jul 17$1.75$1.13$2.88$462.12$500.38
$497.50$467.50Jul 17$1.75$1.18$2.93$464.57$500.43
$545.00$472.50Jul 24$0.85$2.42$3.27$469.23$548.27
$507.50$450.00Jul 24$1.98$1.38$3.36$446.64$510.86
$560.00$465.00Jul 17$2.40$1.13$3.53$461.47$563.53
$490.00$465.00Jul 17$2.48$1.13$3.61$461.39$493.61
$560.00$467.50Jul 17$2.40$1.18$3.58$463.92$563.58

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 113 found (best R:R 19.83, avg credit $5.81)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
462/465482/485Jul 17$2.38$0.1219.83$462.62$484.88
462/465470/475Jul 17$4.70$0.3015.67$460.30$474.70
462/465488/490Jul 17$2.27$0.239.87$462.73$489.77
430/440468/480Jul 24$10.85$1.656.58$429.15$478.35
440/450468/480Jul 24$10.85$1.656.58$439.15$478.35
450/465468/480Jul 24$12.72$2.285.58$452.28$480.22
415/425468/480Jul 24$10.52$1.985.31$414.48$478.02
450/460490/500Aug 21$8.35$1.655.06$451.65$498.35
450/460500/510Aug 21$8.10$1.904.26$451.90$508.10
470/475480/482Jul 17$3.72$1.282.91$471.28$483.72

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 15 found (best R:R 39.00, cheapest $0.17)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$490.00$500.00$510.00Aug 21$0.25$9.7539.00
$520.00$530.00$540.00Aug 21$0.30$9.7032.33
$510.00$520.00$530.00Aug 21$0.55$9.4517.18
$480.00$482.50$485.00Jul 17$0.17$2.3313.71
$495.00$500.00$505.00Jul 31$0.45$4.5510.11
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$415.00$420.00$425.00Aug 7$0.42$4.5810.90
$435.00$445.00$455.00Aug 7$1.20$8.807.33
$425.00$430.00$435.00Aug 7$1.02$3.983.90
$440.00$450.00$460.00Aug 21$2.20$7.803.55
$460.00$462.50$465.00Jul 17$0.67$1.832.73

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 61 found (best net $-4.20, 44 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$525.00$560.001:2Jul 17-$4.20$30.80
$535.00$565.001:2Jul 31-$2.02$27.98
$520.00$535.001:2Jul 31-$0.83$14.17
$467.50$480.001:2Jul 24-$1.85$10.65
$470.00$490.001:2Aug 21-$12.60$7.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$415.00$400.001:2Jul 24-$1.87$13.13
$440.00$430.001:2Jul 24-$0.03$9.97
$425.00$415.001:2Jul 24-$0.21$9.79
$450.00$440.001:2Jul 24-$0.48$9.52
$475.00$465.001:2Aug 7-$2.45$7.55

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 28 found (best yield 4.28%, avg 1.16%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$490.00Aug 21$20.800.520.8%4.28%5.10%155
$490.00Aug 14$17.700.510.8%3.64%4.46%1--
$500.00Aug 21$16.400.452.9%3.37%6.25%12502
$510.00Aug 21$12.500.384.9%2.57%7.50%1--
$520.00Aug 21$9.400.327.0%1.93%8.92%2--
$490.00Jul 31$8.200.490.8%1.69%2.50%243
$495.00Jul 31$6.900.421.9%1.42%3.27%365
$530.00Aug 21$6.900.269.1%1.42%10.47%241
$492.50Jul 31$6.300.451.3%1.30%2.63%5--
$515.00Aug 14$5.400.306.0%1.11%7.07%3--

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 1,337
Total Puts 4,010
Put/Call Ratio 3.00
Net Difference -2,673

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 11,218
Total Puts 12,213
Average Put/Call Ratio 1.29
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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