Tour v526
VRTX
VERTEX PHARMACEUTICA
$540.26 -2.14%
$538.00 (-0.42%)🌙
as of 08/20 07:16 PM
8/20 19:16

Option Volume

Detail
Current (08/20) 957
Calls: 398 (42%)
Puts: 559 (58%)
Prior (08/19) 4,860
Calls: 2,380 (49%)
Puts: 2,480 (51%)
Current vs Prior -80.31%
Calls: -83.28% (Calls)
Puts: -77.46% (Puts)
Prior 7-Day Total 15,079
Calls: 7,554 (50%)
Puts: 7,525 (50%)
Prior 7-Day Average 2,154
Calls: 1,079 (50%)
Puts: 1,075 (50%)
Current vs Prior 7-Day Avg -55.57%
Calls: -63.12%
Puts: -48.00%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/20) $1.72M
Calls: $1.11M (65%)
Puts: $610.0K (35%)
Prior (08/19) $6.24M
Calls: $5.13M (82%)
Puts: $1.10M (18%)
Current vs Prior -72.36%
Calls: -78.29%
Puts: -44.80%
Prior 7-Day Total $17.98M
Calls: $12.58M (70%)
Puts: $5.39M (30%)
Prior 7-Day Average $2.57M
Calls: $1.80M (70%)
Puts: $770.6K (30%)
Current vs Prior 7-Day Avg -32.87%
Calls: -38.02%
Puts: -20.85%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/20) 1.40
Prior (08/19) 1.04
Current vs Prior +34.79%
Prior 7-Day Average 1.18
Current vs Prior 7-Day Avg +19.25%
Sentiment BEARISH

Open Interest

Detail
Current (08/20) 9,033
Calls: 5,684 (63%)
Puts: 3,349 (37%)
Prior (08/19) 14,575
Calls: 9,611 (66%)
Puts: 4,964 (34%)
Current vs Prior -38.02%
Prior 7-Day Total 71,840
Calls: 42,876 (60%)
Puts: 28,964 (40%)
Prior 7-Day Average 10,262
Calls: 6,125 (60%)
Puts: 4,137 (40%)
Current vs Prior 7-Day Avg -11.98%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 2.23% | 3.90%2.23% | 7.79%
Prior 2.25% | 4.08%2.25% | 7.44%
Current vs Prior -1.10% | -4.40%-1.11% | +4.67%
Prior 7-Day Avg 2.26% | 3.61%2.86% | 7.27%
Current vs 7-Day Avg -1.27% | +7.86%-22.15% | +7.15%
Prior 7-Day Eod 2.25% | 4.08%2.25% | 7.44%
Current vs 7-Day Eod -1.10% | -4.40%-1.11% | +4.67%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 21.34% | 59.51%
Calls: 20.45% | 63.85%
Puts: 22.22% | 55.17%
Prior 21.34% | 59.51%
Calls: 20.45% | 63.85%
Puts: 22.22% | 55.17%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 21.34% | 59.51%
Calls: 20.45% | 63.85%
Puts: 22.22% | 55.17%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 65% call dollar volume ($1.11M). Light premium activity with dollar volume down 72% vs prior. Below-average activity with volume down 80% vs prior. Bearish P/C ratio of 1.40 indicates protective 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 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 -- of results (avg --%, best --%)

No options available for this category

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. 33 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$485.00Aug 2151.7057.90$54.8011.3%101.0015
$500.00Aug 2138.0045.00$41.5016.9%10.98--
$500.00Aug 2837.4044.00$40.7016.2%110.9563
$510.00Aug 2126.5034.70$30.6026.8%30.94--
$520.00Aug 2116.5024.90$20.7040.6%70.93125
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$560.00Aug 2117.5022.90$20.2026.7%21.002
$550.00Aug 218.0014.90$11.4560.3%30.9267
$545.00Aug 212.6510.00$6.33116.1%10.66--
$560.00Sep 1825.6030.30$27.9516.8%10.64--
$550.00Aug 2812.2016.60$14.4030.6%100.6310

Most actively traded options today. High liquidity = easy entry/exit. 79 active (total vol 607, top 62)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$550.00Sep 1812.7015.70$14.2021.1%450.44486
$487.50Aug 2149.9055.40$52.6510.4%170.8820
$570.00Sep 183.108.50$5.8093.1%120.2583
$500.00Aug 2837.4044.00$40.7016.2%110.9563
$475.00Aug 2161.5069.70$65.6012.5%100.9017
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$500.00Sep 181.756.40$4.08114.0%620.16248
$510.00Sep 185.108.00$6.5544.3%480.2395
$512.50Sep 41.204.60$2.90117.2%440.177
$540.00Sep 1812.7020.90$16.8048.8%330.477
$500.00Aug 280.150.90$0.53141.5%320.052

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 5 strikes (avg 34.3%, max 66.6%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$535.00Aug 21Sep 443.1%25.9%66.6%383
$550.00Aug 21Sep 1838.7%29.5%31.1%54967
$545.00Aug 21Aug 2839.2%30.9%26.9%650
$540.00Aug 21Sep 2535.7%28.9%23.3%8231
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$540.00Aug 21Sep 1835.7%28.9%23.4%47261

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 42 found (best R:R 9.00, avg 4.65)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$550.00$560.00Sep 4$1.00$9.00$1.0039%9.00$551.00
$535.00$540.00Aug 21$1.50$3.50$1.5076%2.33$536.50
$570.00$580.00Sep 18$0.52$9.48$0.5225%18.23$570.52
$530.00$540.00Sep 18$4.05$5.95$4.0562%1.47$534.05
$515.00$560.00Sep 11$23.55$21.45$23.5577%0.91$538.55
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$480.00$440.00Sep 18$0.68$39.32$0.688%57.82$479.32
$520.00$510.00Sep 18$1.95$8.05$1.9530%4.13$518.05
$540.00$535.00Aug 21$0.97$4.03$0.9742%4.15$539.03
$560.00$550.00Sep 18$5.80$4.20$5.8064%0.72$554.20
$550.00$540.00Aug 28$5.60$4.40$5.6063%0.79$544.40

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 28 found (best R:R 1.02, avg 0.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$560.00$570.00Sep 18$5.05$5.05$4.9564%1.02$565.05
$615.00$620.00Oct 2$1.35$1.35$3.6587%0.37$616.35
$580.00$600.00Sep 18$3.18$3.18$16.8278%0.19$583.18
$575.00$600.00Sep 11$2.72$2.72$22.2879%0.12$577.72
$555.00$560.00Aug 21$0.52$0.52$4.4886%0.12$555.52
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$540.00$512.50Sep 4$8.85$8.85$18.6553%0.47$531.15
$540.00$510.00Sep 11$9.52$9.52$20.4853%0.46$530.48
$535.00$530.00Aug 28$2.95$2.95$2.0561%1.44$532.05
$540.00$530.00Sep 18$5.00$5.00$5.0053%1.00$535.00
$510.00$500.00Sep 18$2.47$2.47$7.5377%0.33$507.53

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $5.27, cheapest $4.85)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$545.00Aug 21Aug 28$4.8539.2%30.9%
$540.00Aug 21Aug 28$4.9035.7%29.8%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$540.00Aug 21Aug 28$6.0535.7%29.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 19 found (cheapest 1.56% of stock, avg 5.11%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$540.00Aug 21$5.70$2.75$8.45$531.55$548.451.56%
$535.00Aug 21$7.20$1.78$8.98$526.02$543.981.66%
$545.00Aug 21$3.30$6.33$9.63$535.37$554.631.78%
$530.00Aug 21$12.00$0.57$12.57$517.43$542.572.33%
$550.00Aug 21$1.60$11.45$13.05$536.95$563.052.42%
$530.00Aug 28$15.55$3.70$19.25$510.75$549.253.56%
$540.00Aug 28$10.60$8.80$19.40$520.60$559.403.59%
$560.00Aug 21$0.23$20.20$20.43$539.57$580.433.78%
$550.00Aug 28$6.15$14.40$20.55$529.45$570.553.80%
$540.00Sep 4$13.90$11.75$25.65$514.35$565.654.75%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 75 found (cheapest 0.15% of stock, avg 2.10%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$560.00$530.00Aug 21$0.23$0.57$0.80$529.20$560.80
$560.00$510.00Aug 21$0.23$0.70$0.93$509.07$560.93
$555.00$530.00Aug 21$0.75$0.57$1.32$528.68$556.32
$555.00$510.00Aug 21$0.75$0.70$1.45$508.55$556.45
$560.00$535.00Aug 21$0.23$1.78$2.01$532.99$562.01
$550.00$530.00Aug 21$1.60$0.57$2.17$527.83$552.17
$550.00$510.00Aug 21$1.60$0.70$2.30$507.70$552.30
$555.00$535.00Aug 21$0.75$1.78$2.53$532.47$557.53
$550.00$535.00Aug 21$1.60$1.78$3.38$531.62$553.38
$560.00$487.50Aug 21$0.23$3.40$3.63$483.87$563.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 12 found (best R:R 3.42, avg credit $3.44)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
485/488555/560Aug 21$3.87$1.1374%3.42$483.63$558.87
485/488550/555Aug 21$4.20$0.8062%5.25$483.30$554.20
530/535555/560Aug 21$1.73$3.2760%0.53$533.27$556.73
530/535550/555Aug 21$2.06$2.9449%0.70$532.94$552.06
500/510570/580Sep 18$2.99$7.0152%0.43$507.01$572.99
480/500580/600Sep 18$5.38$14.6262%0.37$494.62$585.38
510/520570/580Sep 18$2.47$7.5345%0.33$517.53$572.47
500/510580/600Sep 18$5.65$14.3555%0.39$504.35$585.65
510/520580/600Sep 18$5.13$14.8749%0.34$514.87$585.13
480/500570/580Sep 18$2.72$17.2858%0.16$497.28$572.72

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 18 found (best R:R 27.57, cheapest $0.33)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$540.00$545.00$550.00Aug 21$0.70$4.3037%6.14
$550.00$555.00$560.00Aug 21$0.33$4.6720%14.15
$545.00$550.00$555.00Aug 21$0.85$4.1529%4.88
$540.00$545.00$550.00Aug 28$0.45$4.5516%10.11
$545.00$550.00$555.00Aug 28$0.90$4.1014%4.56
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$530.00$540.00$550.00Sep 18$0.35$9.6518%27.57
$540.00$550.00$560.00Sep 18$0.45$9.5517%21.22
$540.00$545.00$550.00Aug 21$1.54$3.4650%2.25
$510.00$520.00$530.00Sep 18$1.35$8.6515%6.41
$520.00$530.00$540.00Sep 18$1.70$8.3018%4.88

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 47 found (best net $-2.70, 32 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$540.00$550.001:2Sep 4-$0.80$9.20
$560.00$575.001:2Sep 11-$0.69$14.31
$560.00$570.001:2Sep 18-$0.75$9.25
$530.00$535.001:2Aug 21-$2.40$2.60
$540.00$545.001:2Aug 21-$0.90$4.10
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$560.00$550.001:2Aug 21-$2.70$7.30
$550.00$545.001:2Aug 21-$1.21$3.79
$550.00$540.001:2Aug 28-$3.20$6.80
$480.00$440.001:2Sep 18-$0.52$39.48
$535.00$530.001:2Aug 28-$0.75$4.25

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 14 found (best yield 2.35%, avg 0.75%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$550.00Sep 18$12.700.441.8%2.35%4.15%45486
$560.00Sep 18$7.500.363.6%1.39%5.04%1--
$560.00Sep 11$6.400.333.6%1.18%4.84%1--
$570.00Sep 18$3.100.255.5%0.57%6.08%1283
$560.00Sep 4$4.200.303.6%0.78%4.43%1--
$575.00Sep 11$2.350.216.4%0.43%6.87%1--
$580.00Sep 18$0.850.227.4%0.16%7.51%1196
$550.00Sep 4$5.300.391.8%0.98%2.78%99
$545.00Aug 28$6.300.450.9%1.17%2.04%2--
$550.00Aug 28$4.000.371.8%0.74%2.54%473

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 398
Total Puts 559
Put/Call Ratio 1.40
Net Difference -161

Prior's Put/Call Breakdown

Total Calls 2,380
Total Puts 2,480
Put/Call Ratio 1.04
Net Difference -100

Prior 7-Day Put/Call Summary

Total Calls 7,554
Total Puts 7,525
Average Put/Call Ratio 1.18
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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