Tour v526
VRTX
VERTEX PHARMACEUTICA
$548.05 +1.44%
$549.00 (+0.17%)🌙
as of 08/21 07:18 PM
8/21 19:18

Option Volume

Detail
Current (08/21) 1,902
Calls: 1,482 (78%)
Puts: 420 (22%)
Prior (08/20) 957
Calls: 398 (42%)
Puts: 559 (58%)
Current vs Prior +98.75%
Calls: +272.36% (Calls)
Puts: -24.87% (Puts)
Prior 7-Day Total 14,260
Calls: 7,387 (52%)
Puts: 6,873 (48%)
Prior 7-Day Average 2,037
Calls: 1,055 (52%)
Puts: 981 (48%)
Current vs Prior 7-Day Avg -6.63%
Calls: +40.44%
Puts: -57.22%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/21) $4.52M
Calls: $4.04M (90%)
Puts: $472.6K (10%)
Prior (08/20) $1.72M
Calls: $1.11M (65%)
Puts: $610.0K (35%)
Current vs Prior +162.01%
Calls: +263.04%
Puts: -22.52%
Prior 7-Day Total $17.47M
Calls: $12.29M (70%)
Puts: $5.17M (30%)
Prior 7-Day Average $2.50M
Calls: $1.76M (70%)
Puts: $739.1K (30%)
Current vs Prior 7-Day Avg +81.02%
Calls: +130.29%
Puts: -36.06%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/21) 0.28
Prior (08/20) 1.40
Current vs Prior -79.82%
Prior 7-Day Average 1.07
Current vs Prior 7-Day Avg -73.57%
Sentiment BULLISH

Open Interest

Detail
Current (08/21) 8,638
Calls: 6,419 (74%)
Puts: 2,219 (26%)
Prior (08/20) 9,033
Calls: 5,684 (63%)
Puts: 3,349 (37%)
Current vs Prior -4.37%
Prior 7-Day Total 68,456
Calls: 42,811 (63%)
Puts: 25,645 (37%)
Prior 7-Day Average 9,779
Calls: 6,115 (63%)
Puts: 3,663 (37%)
Current vs Prior 7-Day Avg -11.67%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 1.57% | 3.65%1.57% | 7.43%
Prior 2.23% | 3.90%2.23% | 7.79%
Current vs Prior +63.89% | +24.80%-29.53% | -4.70%
Prior 7-Day Avg 2.27% | 3.67%2.68% | 7.33%
Current vs 7-Day Avg +61.05% | +32.60%-41.38% | +1.30%
Prior 7-Day Eod 2.23% | 3.90%2.23% | 7.79%
Current vs 7-Day Eod +63.89% | +24.80%-29.53% | -4.70%
Sentiment BEARISHBULLISH

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

Strong bullish conviction with 90% of dollar volume in calls ($4.04M) vs puts ($472.6K). Massive premium surge with dollar volume up 162% vs prior. Dollar volume significantly above 7-day average (81% higher). Above-average activity with volume up 99% vs prior.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
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 1 of results (avg 9.5%, best 9.5%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Oct 279.0086.90$82.959.5%10.90--
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. 45 found (avg delta 0.76, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$500.00Aug 2845.0053.20$49.1016.7%30.95--
$495.00Sep 451.0059.10$55.0514.7%10.94--
$530.00Aug 2114.3021.00$17.6538.0%570.92198
$500.00Aug 2144.4051.00$47.7013.8%920.92564
$470.00Oct 279.0086.90$82.959.5%10.90--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$570.00Aug 2818.6027.00$22.8036.8%200.87--
$550.00Aug 210.007.90$3.95200.0%50.7768
$560.00Aug 217.8015.70$11.7567.2%40.70--
$555.00Aug 212.609.00$5.80110.3%10.661
$560.00Sep 1820.4027.00$23.7027.8%160.581

Most actively traded options today. High liquidity = easy entry/exit. 119 active (total vol 1.5K, top 221)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$492.50Aug 2151.8060.20$56.0015.0%2210.86--
$580.00Sep 186.508.10$7.3021.9%1830.27195
$500.00Aug 2144.4051.00$47.7013.8%920.92564
$560.00Sep 44.3011.50$7.9091.1%600.375
$530.00Aug 2114.3021.00$17.6538.0%570.92198
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$510.00Sep 183.705.00$4.3529.9%520.17137
$550.00Sep 1815.7020.10$17.9024.6%380.5038
$520.00Oct 26.4013.30$9.8570.1%280.28--
$530.00Aug 280.803.50$2.15125.6%250.182
$535.00Oct 210.7018.90$14.8055.4%240.38--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 1136.2%, max 2471.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$520.00Aug 21Sep 18722.6%28.1%2471.8%25120
$525.00Aug 21Sep 11686.6%28.3%2322.1%1474
$535.00Aug 21Sep 4466.9%26.7%1651.7%683
$540.00Aug 21Sep 25481.8%27.8%1634.9%29229
$560.00Aug 21Sep 18514.3%30.4%1591.8%9206
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$540.00Aug 21Oct 2481.8%28.6%1582.8%9252
$535.00Aug 21Oct 2466.9%28.7%1525.5%2515
$550.00Aug 21Sep 1871.6%28.5%151.2%43106
$520.00Sep 11Oct 231.6%29.4%7.2%3169

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 64 found (best R:R 1.70, avg 3.23)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$560.00$590.00Sep 4$4.37$25.63$4.3737%5.86$564.37
$570.00$580.00Sep 11$1.47$8.53$1.4730%5.80$571.47
$535.00$540.00Sep 4$2.30$2.70$2.3068%1.17$537.30
$540.00$550.00Sep 18$4.60$5.40$4.6060%1.17$544.60
$575.00$580.00Oct 2$0.95$4.05$0.9534%4.26$575.95
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$555.00$550.00Aug 21$1.85$3.15$1.8566%1.70$553.15
$570.00$540.00Aug 28$17.95$12.05$17.9587%0.67$552.05
$530.00$515.00Sep 4$1.55$13.45$1.5526%8.68$528.45
$500.00$490.00Sep 18$0.27$9.73$0.2711%36.04$499.73
$535.00$530.00Sep 11$1.10$3.90$1.1034%3.55$533.90

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 48 found (best R:R 4.38, avg 0.56)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$560.00$565.00Aug 21$4.07$4.07$0.9369%4.38$564.07
$600.00$620.00Sep 18$3.08$3.08$16.9283%0.18$603.08
$580.00$590.00Sep 18$3.42$3.42$6.5873%0.52$583.42
$585.00$590.00Oct 2$2.45$2.45$2.5571%0.96$587.45
$590.00$615.00Oct 2$4.65$4.65$20.3575%0.23$594.65
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$515.00$495.00Sep 4$2.40$2.40$17.6084%0.14$512.60
$532.50$530.00Aug 28$1.65$1.65$0.8575%1.94$530.85
$510.00$500.00Sep 18$2.10$2.10$7.9083%0.27$507.90
$540.00$530.00Sep 18$4.40$4.40$5.6060%0.79$535.60
$515.00$490.00Oct 2$4.65$4.65$20.3575%0.23$510.35

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 7 found (avg debit $7.87, cheapest $11.95)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$540.00Aug 21Aug 28$5.25481.8%28.0%
$550.00Aug 21Aug 28$7.2571.6%28.9%
$555.00Aug 28Sep 4$4.8226.3%30.8%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$560.00Aug 21Sep 18$11.95514.3%30.4%
$540.00Aug 21Aug 28$0.55481.8%28.0%
$555.00Aug 21Sep 25$16.25369.2%30.0%
$545.00Aug 21Sep 4$9.00171.2%27.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 21 found (cheapest 0.84% of stock, avg 5.40%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$550.00Aug 21$0.65$3.95$4.60$545.40$554.600.84%
$545.00Aug 21$4.65$1.35$6.00$539.00$551.001.09%
$540.00Aug 21$8.65$4.30$12.95$527.05$552.952.36%
$560.00Aug 21$4.10$11.75$15.85$544.15$575.852.89%
$535.00Aug 21$13.50$2.65$16.15$518.85$551.152.95%
$540.00Aug 28$13.90$4.85$18.75$521.25$558.753.42%
$532.50Aug 28$18.90$3.80$22.70$509.80$555.204.14%
$530.00Aug 28$21.05$2.15$23.20$506.80$553.204.23%
$570.00Aug 28$1.30$22.80$24.10$545.90$594.104.40%
$540.00Sep 4$17.70$7.75$25.45$514.55$565.454.64%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 134 found (cheapest 0.36% of stock, avg 2.80%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$550.00$545.00Aug 21$0.65$1.35$2.00$543.00$552.00
$570.00$530.00Aug 28$1.30$2.15$3.45$526.55$573.45
$550.00$535.00Aug 21$0.65$2.65$3.30$531.70$553.30
$575.00$530.00Aug 28$1.40$2.15$3.55$526.45$578.55
$570.00$527.50Aug 28$1.30$2.75$4.05$523.45$574.05
$575.00$527.50Aug 28$1.40$2.75$4.15$523.35$579.15
$580.00$545.00Aug 21$2.70$1.35$4.05$540.95$584.05
$550.00$540.00Aug 21$0.65$4.30$4.95$535.05$554.95
$560.00$545.00Aug 21$4.10$1.35$5.45$539.55$565.45
$580.00$535.00Aug 21$2.70$2.65$5.35$529.65$585.35

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 36 found (best R:R 1.23, avg credit $4.17)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
500/510580/590Sep 18$5.52$4.4856%1.23$504.48$585.52
520/525585/590Oct 2$4.00$1.0040%4.00$521.00$589.00
515/520585/590Oct 2$3.65$1.3543%2.70$516.35$588.65
525/530585/590Oct 2$3.65$1.3537%2.70$526.35$588.65
520/530580/590Sep 18$6.17$3.8342%1.61$523.83$586.17
510/520580/590Sep 18$5.07$4.9350%1.03$514.93$585.07
490/500580/590Sep 18$3.69$6.3162%0.58$496.31$583.69
500/510570/580Sep 18$4.50$5.5049%0.82$505.50$574.50
520/525580/585Oct 2$2.50$2.5038%1.00$522.50$582.50
520/525575/580Oct 2$2.50$2.5035%1.00$522.50$577.50

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 27 found (best R:R 27.57, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$545.00$550.00$555.00Aug 28$0.08$4.9220%61.50
$545.00$570.00$595.00Sep 25$4.80$20.2035%4.21
$540.00$545.00$550.00Aug 28$0.20$4.8018%24.00
$550.00$560.00$570.00Sep 18$0.90$9.1017%10.11
$520.00$530.00$540.00Sep 18$1.05$8.9517%8.52
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$1.05$8.9518%8.52
$530.00$535.00$540.00Sep 4$0.45$4.5512%10.11
$515.00$520.00$525.00Oct 2$0.35$4.656%13.29
$510.00$520.00$530.00Sep 18$1.10$8.9014%8.09

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 58 found (best net $-0.55, 41 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$545.00$570.001:2Sep 25-$0.55$24.45
$500.00$520.001:2Aug 28-$10.60$9.40
$520.00$535.001:2Sep 4-$7.85$7.15
$540.00$545.001:2Aug 21-$0.65$4.35
$580.00$590.001:2Sep 18-$0.46$9.54
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$555.00$550.001:2Aug 21-$2.10$2.90
$530.00$515.001:2Sep 4-$1.60$13.40
$510.00$500.001:2Sep 18-$0.15$9.85
$540.00$535.001:2Aug 21-$1.00$4.00
$532.50$530.001:2Aug 28-$0.50$2.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 29 found (best yield 2.77%, avg 0.97%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$555.00Oct 2$15.200.481.3%2.77%4.04%2--
$570.00Oct 2$9.600.384.0%1.75%5.76%6--
$560.00Sep 18$12.500.422.2%2.28%4.46%7144
$585.00Oct 2$6.800.296.7%1.24%7.98%40--
$580.00Oct 2$6.800.325.8%1.24%7.07%1--
$575.00Oct 2$7.200.344.9%1.31%6.23%12--
$550.00Sep 18$15.200.510.4%2.77%3.13%25520
$580.00Sep 18$6.500.275.8%1.19%7.02%183195
$570.00Sep 25$7.000.364.0%1.28%5.28%66
$590.00Oct 2$4.200.257.7%0.77%8.42%4674

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 1,482
Total Puts 420
Put/Call Ratio 0.28
Net Difference 1,062

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 7,387
Total Puts 6,873
Average Put/Call Ratio 1.07
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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