Tour v494
VRTX
VERTEX PHARMACEUTICA
$496.07 +2.49%
8/7 19:19

Option Volume

Detail
Current (08/07) 2,328
Calls: 1,132 (49%)
Puts: 1,196 (51%)
Prior (08/06) 2,029
Calls: 841 (41%)
Puts: 1,188 (59%)
Current vs Prior +14.74%
Calls: +34.60% (Calls)
Puts: +0.67% (Puts)
Prior 7-Day Total 24,889
Calls: 10,770 (43%)
Puts: 14,119 (57%)
Prior 7-Day Average 3,555
Calls: 1,538 (43%)
Puts: 2,017 (57%)
Current vs Prior 7-Day Avg -34.53%
Calls: -26.43%
Puts: -40.70%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/07) $1.91M
Calls: $1.25M (66%)
Puts: $655.7K (34%)
Prior (08/06) $2.00M
Calls: $803.1K (40%)
Puts: $1.19M (60%)
Current vs Prior -4.48%
Calls: +55.78%
Puts: -45.04%
Prior 7-Day Total $21.23M
Calls: $10.02M (47%)
Puts: $11.21M (53%)
Prior 7-Day Average $3.03M
Calls: $1.43M (47%)
Puts: $1.60M (53%)
Current vs Prior 7-Day Avg -37.12%
Calls: -12.57%
Puts: -59.06%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/07) 1.06
Prior (08/06) 1.41
Current vs Prior -25.21%
Prior 7-Day Average 1.37
Current vs Prior 7-Day Avg -22.73%
Sentiment BEARISH

Open Interest

Detail
Current (08/07) 15,934
Calls: 7,689 (48%)
Puts: 8,245 (52%)
Prior (08/06) 11,576
Calls: 5,684 (49%)
Puts: 5,892 (51%)
Current vs Prior +37.65%
Prior 7-Day Total 155,169
Calls: 68,988 (44%)
Puts: 86,181 (56%)
Prior 7-Day Average 22,167
Calls: 9,855 (44%)
Puts: 12,311 (56%)
Current vs Prior 7-Day Avg -28.12%
Sentiment BULLISH

Expected Move

Detail
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 1.27% | 3.66%5.71% | 9.64%
Prior 1.96% | 4.16%5.89% | 10.11%
Current vs Prior +86.42% | +37.28%-2.94% | -4.72%
Prior 7-Day Avg 3.51% | 6.03%7.61% | 11.29%
Current vs 7-Day Avg +4.15% | -5.28%-24.92% | -14.67%
Prior 7-Day Eod 1.96% | 4.16%5.89% | 10.11%
Current vs 7-Day Eod +86.42% | +37.28%-2.94% | -4.72%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 15.64% | 18.34%
Calls: 15.59% | 20.85%
Puts: 15.69% | 15.84%
Prior 15.64% | 18.34%
Calls: 15.59% | 20.85%
Puts: 15.69% | 15.84%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 70.54% | 17.38%
Calls: 43.76% | 20.93%
Puts: 97.32% | 13.84%
Current vs 7-Day Avg -77.83% | +5.51%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 66% call dollar volume ($1.25M). Slightly bearish P/C ratio of 1.06. P/C ratio dropping 25% - sentiment shifting bullish. Rising open interest (up 38%) indicates new positions being established.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BEARISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 2 of results (avg 9.1%, best 8.2%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$440.00Aug 1454.9059.60$57.258.2%10.9624
$490.00Sep 1823.8026.30$25.0510.0%260.57169
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. 37 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$465.00Aug 727.1035.10$31.1025.7%11.005
$480.00Aug 712.1019.00$15.5544.4%51.00205
$472.50Aug 719.6027.60$23.6033.9%80.99--
$440.00Aug 1454.9059.60$57.258.2%10.9624
$450.00Aug 742.7049.30$46.0014.3%10.952
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$500.00Aug 2110.0018.70$14.3560.6%100.5398
$500.00Sep 1820.7024.80$22.7518.0%320.51218

Most actively traded options today. High liquidity = easy entry/exit. 131 active (total vol 1.9K, top 259)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$500.00Sep 1817.9023.90$20.9028.7%1090.49397
$492.50Aug 146.6014.50$10.5574.9%920.581
$495.00Aug 70.055.40$2.73196.0%860.5358
$497.50Aug 70.002.50$1.25200.0%760.3571
$500.00Aug 2810.0016.20$13.1047.3%600.4813
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Aug 140.152.35$1.25176.0%2590.11124
$477.50Aug 140.005.10$2.55200.0%1460.20156
$460.00Aug 211.553.10$2.3366.5%450.1349
$465.00Aug 211.603.20$2.4066.7%440.14439
$462.50Aug 210.604.50$2.55152.9%340.14--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 29 strikes (avg 1070.0%, max 3233.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$460.00Aug 7Sep 181122.5%33.7%3233.9%2--
$530.00Aug 7Sep 181040.0%31.5%3205.1%3--
$475.00Aug 7Sep 4802.4%33.8%2273.0%1231
$470.00Aug 7Aug 21911.6%40.6%2147.0%1576
$512.50Aug 7Aug 21713.7%33.5%2032.5%323
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$475.00Aug 7Aug 21802.4%34.4%2233.1%3152
$482.50Aug 7Aug 14591.0%28.9%1944.4%44
$430.00Aug 7Sep 11690.4%40.4%1610.2%3169
$440.00Aug 7Sep 18634.9%38.3%1559.5%4386
$485.00Aug 7Aug 14570.4%36.6%1457.4%3433

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 71 found (best R:R 49.00, avg 6.07)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$520.00$530.00Aug 14$0.53$9.47$0.5317.87$520.53
$520.00$540.00Aug 21$3.08$16.92$3.085.49$523.08
$510.00$520.00Aug 14$1.60$8.40$1.605.25$511.60
$520.00$540.00Sep 4$4.25$15.75$4.253.71$524.25
$530.00$535.00Aug 14$1.10$3.90$1.103.55$531.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$430.00$420.00Aug 21$0.20$9.80$0.2049.00$429.80
$467.50$460.00Aug 14$0.20$7.30$0.2036.50$467.30
$430.00$420.00Aug 28$0.33$9.67$0.3329.30$429.67
$445.00$440.00Aug 21$0.20$4.80$0.2024.00$444.80
$450.00$445.00Aug 21$0.23$4.77$0.2320.74$449.77

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 85 found (best R:R 65.67, avg 2.11)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$460.00$470.00Aug 14$9.85$9.85$0.1565.67$469.85
$450.00$460.00Aug 7$9.50$9.50$0.5019.00$459.50
$500.00$502.50Aug 14$2.33$2.33$0.1713.71$502.33
$475.00$480.00Aug 14$4.40$4.40$0.607.33$479.40
$485.00$487.50Aug 7$2.05$2.05$0.454.56$487.05
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$470.00$465.00Aug 21$3.08$3.08$1.921.60$466.92
$480.00$477.50Aug 14$1.28$1.28$1.221.05$478.72
$490.00$480.00Sep 18$4.55$4.55$5.450.83$485.45
$500.00$490.00Sep 18$4.40$4.40$5.600.79$495.60
$475.00$465.00Aug 7$4.27$4.27$5.730.75$470.73

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 27 found (avg debit $3.27, cheapest $0.35)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$460.00Aug 7Aug 14$0.801122.5%41.0%
$470.00Aug 7Aug 14$1.35911.6%33.0%
$510.00Aug 7Aug 14$1.68481.4%33.0%
$540.00Aug 7Aug 21$2.42441.1%37.7%
$512.50Aug 7Aug 21$2.45713.7%33.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$445.00Aug 7Aug 14$0.35537.3%43.3%
$440.00Aug 7Aug 14$0.53634.9%50.9%
$430.00Aug 7Aug 21$0.80690.4%44.7%
$485.00Aug 7Aug 14$0.98570.4%36.6%
$420.00Aug 21Aug 28$1.0748.0%48.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 19 found (cheapest 3.14% of stock, avg 6.40%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$480.00Aug 7$15.55$0.03$15.58$464.42$495.583.14%
$485.00Aug 7$11.50$4.30$15.80$469.20$500.803.19%
$495.00Aug 14$9.35$7.85$17.20$477.80$512.203.47%
$482.50Aug 7$14.00$3.80$17.80$464.70$500.303.59%
$480.00Aug 14$19.35$3.83$23.18$456.82$503.184.67%
$475.00Aug 7$21.10$4.30$25.40$449.60$500.405.12%
$500.00Aug 21$11.20$14.35$25.55$474.45$525.555.15%
$475.00Aug 14$23.75$2.50$26.25$448.75$501.255.29%
$490.00Aug 21$16.50$10.15$26.65$463.35$516.655.37%
$470.00Aug 14$27.45$1.25$28.70$441.30$498.705.79%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 137 found (cheapest 1.02% of stock, avg 2.97%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$497.50$482.50Aug 7$1.25$3.80$5.05$477.45$502.55
$497.50$485.00Aug 7$1.25$4.30$5.55$479.45$503.05
$497.50$475.00Aug 7$1.25$4.30$5.55$469.45$503.05
$510.00$482.50Aug 7$2.15$3.80$5.95$476.55$515.95
$510.00$477.50Aug 14$3.83$2.55$6.38$471.12$516.38
$510.00$485.00Aug 7$2.15$4.30$6.45$478.55$516.45
$510.00$475.00Aug 7$2.15$4.30$6.45$468.55$516.45
$510.00$482.50Aug 14$3.83$2.78$6.61$475.89$516.61
$502.50$477.50Aug 14$4.40$2.55$6.95$470.55$509.45
$515.00$465.00Aug 21$4.70$2.40$7.10$457.90$522.10

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 180 found (best R:R 36.04, avg credit $4.64)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
465/470478/488Aug 21$9.73$0.2736.04$460.27$487.23
470/480500/510Sep 18$9.55$0.4521.22$470.45$509.55
458/460475/480Aug 14$4.75$0.2519.00$455.25$479.75
458/460488/490Aug 14$2.35$0.1515.67$457.65$489.85
465/470488/490Aug 21$4.68$0.3214.63$465.32$492.18
470/472475/480Aug 14$4.65$0.3513.29$467.85$479.65
450/460500/510Sep 18$9.25$0.7512.33$450.75$509.25
460/462512/515Aug 21$2.27$0.239.87$460.23$514.77
420/440460/480Sep 18$18.10$1.909.53$421.90$478.10
470/472488/490Aug 14$2.25$0.259.00$470.25$489.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 28 found (best R:R 199.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$520.00$530.00$540.00Sep 18$0.05$9.95199.00
$510.00$520.00$530.00Sep 18$0.50$9.5019.00
$490.00$492.50$495.00Aug 21$0.15$2.3515.67
$460.00$465.00$470.00Aug 7$0.40$4.6011.50
$500.00$510.00$520.00Sep 4$0.90$9.1010.11
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$445.00$450.00$455.00Aug 21$0.07$4.9370.43
$420.00$430.00$440.00Aug 21$0.27$9.7336.04
$440.00$445.00$450.00Aug 14$0.15$4.8532.33
$480.00$490.00$500.00Aug 21$0.50$9.5019.00
$470.00$480.00$490.00Sep 18$1.10$8.908.09

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 73 found (best net $-0.03, 61 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$540.00$560.001:2Aug 7-$0.07$19.93
$520.00$540.001:2Sep 4-$0.40$19.60
$500.00$520.001:2Aug 28-$3.50$16.50
$480.00$500.001:2Sep 4-$3.80$16.20
$525.00$540.001:2Sep 11-$1.00$14.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$465.00$445.001:2Aug 7-$0.03$19.97
$440.00$420.001:2Sep 18-$0.20$19.80
$450.00$430.001:2Sep 4-$2.47$17.53
$470.00$455.001:2Aug 28-$3.25$11.75
$440.00$430.001:2Aug 7-$0.01$9.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 27 found (best yield 3.61%, avg 1.17%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$500.00Sep 18$17.900.490.8%3.61%4.40%109397
$500.00Sep 11$17.000.490.8%3.43%4.22%8--
$500.00Sep 4$13.600.490.8%2.74%3.53%8--
$510.00Sep 18$13.000.422.8%2.62%5.43%13374
$500.00Aug 28$10.000.480.8%2.02%2.81%6013
$510.00Sep 4$9.200.402.8%1.85%4.66%1--
$520.00Sep 18$8.200.354.8%1.65%6.48%1--
$500.00Aug 21$7.100.470.8%1.43%2.22%7582
$520.00Sep 4$7.000.324.8%1.41%6.24%1--
$520.00Aug 28$6.300.314.8%1.27%6.09%2150

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 1,132
Total Puts 1,196
Put/Call Ratio 1.06
Net Difference -64

Prior's Put/Call Breakdown

Total Calls 841
Total Puts 1,188
Put/Call Ratio 1.41
Net Difference -347

Prior 7-Day Put/Call Summary

Total Calls 10,770
Total Puts 14,119
Average Put/Call Ratio 1.37
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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