Tour v526
VRTX
VERTEX PHARMACEUTICA
$552.85 +0.96%
$554.00 (+0.21%)🌙
as of 08/25 07:14 PM
8/25 19:14

Option Volume

Detail
Current (08/25) 804
Calls: 468 (58%)
Puts: 336 (42%)
Prior (08/21) 1,902
Calls: 1,482 (78%)
Puts: 420 (22%)
Current vs Prior -57.73%
Calls: -68.42% (Calls)
Puts: -20.00% (Puts)
Prior 7-Day Total 15,116
Calls: 8,107 (54%)
Puts: 7,009 (46%)
Prior 7-Day Average 2,159
Calls: 1,158 (54%)
Puts: 1,001 (46%)
Current vs Prior 7-Day Avg -62.77%
Calls: -59.59%
Puts: -66.44%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/25) $2.37M
Calls: $2.01M (85%)
Puts: $361.4K (15%)
Prior (08/21) $4.52M
Calls: $4.04M (90%)
Puts: $472.6K (10%)
Current vs Prior -47.46%
Calls: -50.26%
Puts: -23.53%
Prior 7-Day Total $20.02M
Calls: $14.56M (73%)
Puts: $5.46M (27%)
Prior 7-Day Average $2.86M
Calls: $2.08M (73%)
Puts: $780.4K (27%)
Current vs Prior 7-Day Avg -17.02%
Calls: -3.26%
Puts: -53.69%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/25) 0.72
Prior (08/21) 0.28
Current vs Prior +153.33%
Prior 7-Day Average 1.06
Current vs Prior 7-Day Avg -32.24%
Sentiment NEUTRAL

Open Interest

Detail
Current (08/25) 8,823
Calls: 5,411 (61%)
Puts: 3,412 (39%)
Prior (08/21) 8,638
Calls: 6,419 (74%)
Puts: 2,219 (26%)
Current vs Prior +2.14%
Prior 7-Day Total 70,102
Calls: 45,426 (65%)
Puts: 24,676 (35%)
Prior 7-Day Average 10,014
Calls: 6,489 (65%)
Puts: 3,525 (35%)
Current vs Prior 7-Day Avg -11.90%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 2.35% | 4.10%6.03% | 9.33%
Prior 3.65% | 4.86%1.57% | 7.43%
Current vs Prior -35.56% | -15.75%+284.43% | +25.68%
Prior 7-Day Avg 2.52% | 3.91%2.45% | 7.33%
Current vs 7-Day Avg -6.64% | +4.65%+145.83% | +27.36%
Prior 7-Day Eod 3.65% | 4.86%1.57% | 7.43%
Current vs 7-Day Eod -35.56% | -15.75%+284.43% | +25.68%
Sentiment BULLISHBEARISH

Relative Spread

Detail
Expiry | Next
Current 53.36% | 9.83%
Calls: 27.85% | 9.76%
Puts: 78.87% | 9.90%
Prior 21.34% | 59.51%
Calls: 20.45% | 63.85%
Puts: 22.22% | 55.17%
Current vs Prior +150.05% | -83.48%
Prior 7-Day Avg 21.34% | 59.51%
Calls: 20.45% | 63.85%
Puts: 22.22% | 55.17%
Current vs 7-Day Avg +150.05% | -83.48%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 85% of dollar volume in calls ($2.01M) vs puts ($361.4K). Below-average activity with volume down 58% vs prior. P/C ratio rising 153% - increased hedging/bearish positioning. Call-heavy open interest (5,411 calls vs 3,412 puts) suggests bullish positioning.

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 BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
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 2 of results (avg 8.0%, best 7.4%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$450.00Sep 18101.00108.80$104.907.4%30.98--
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$620.00Aug 2863.1068.70$65.908.5%40.89--

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 0.73, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$450.00Sep 18101.00108.80$104.907.4%30.98--
$525.00Aug 2826.8032.20$29.5018.3%80.9422
$480.00Sep 1871.6079.40$75.5010.3%20.94240
$515.00Aug 2836.7042.80$39.7515.3%10.9312
$530.00Aug 2820.0028.30$24.1534.4%60.90111
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$620.00Aug 2863.1068.70$65.908.5%40.89--
$615.00Aug 2858.0065.80$61.9012.6%40.89--
$590.00Oct 238.5046.30$42.4018.4%10.75--
$560.00Aug 286.8012.50$9.6559.1%10.6511
$555.00Aug 282.307.90$5.10109.8%140.541

Most actively traded options today. High liquidity = easy entry/exit. 78 active (total vol 314, top 20)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$580.00Sep 254.4011.40$7.9088.6%200.303
$550.00Aug 286.809.00$7.9027.8%160.6277
$555.00Aug 282.206.20$4.2095.2%130.4740
$570.00Aug 280.001.90$0.95200.0%130.1411
$545.00Aug 289.7013.30$11.5031.3%100.73--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$500.00Sep 251.954.00$2.9868.8%190.1233
$555.00Aug 282.307.90$5.10109.8%140.541
$530.00Aug 280.002.00$1.00200.0%110.10--
$530.00Sep 183.0010.00$6.50107.7%110.2635
$535.00Aug 280.351.20$0.77110.4%60.106

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 6.7%, max 9.3%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$540.00Aug 28Oct 232.2%29.4%9.3%210
$560.00Aug 28Sep 1832.5%31.2%4.3%12224
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$540.00Aug 28Sep 1832.2%29.7%8.4%569
$545.00Aug 28Sep 1830.8%28.7%7.2%722
$560.00Aug 28Sep 1832.5%31.2%4.3%211

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 40 found (best R:R 0.56, avg 3.92)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$525.00$550.00Sep 11$16.05$8.95$16.0584%0.56$541.05
$555.00$560.00Sep 18$0.25$4.75$0.2551%19.00$555.25
$555.00$560.00Aug 28$0.32$4.68$0.3247%14.62$555.32
$540.00$550.00Sep 18$4.60$5.40$4.6065%1.17$544.60
$550.00$555.00Sep 4$1.55$3.45$1.5559%2.23$551.55
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$555.00$550.00Sep 18$1.10$3.90$1.1050%3.55$553.90
$590.00$555.00Oct 2$21.95$13.05$21.9575%0.59$568.05
$555.00$550.00Aug 28$1.47$3.53$1.4754%2.40$553.53
$550.00$545.00Aug 28$1.03$3.97$1.0338%3.85$548.97
$550.00$545.00Sep 18$1.60$3.40$1.6044%2.13$548.40

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 33 found (best R:R 1.21, avg 0.52)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$560.00$575.00Sep 18$8.20$8.20$6.8053%1.21$568.20
$555.00$560.00Sep 4$3.92$3.92$1.0849%3.63$558.92
$565.00$580.00Sep 25$6.45$6.45$8.5557%0.75$571.45
$565.00$575.00Sep 11$3.97$3.97$6.0363%0.66$568.97
$575.00$620.00Sep 18$5.50$5.50$39.5070%0.14$580.50
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$535.00$510.00Sep 11$4.40$4.40$20.6072%0.21$530.60
$477.50$475.00Aug 28$1.25$1.25$1.2589%1.00$476.25
$540.00$535.00Sep 18$2.50$2.50$2.5065%1.00$537.50
$510.00$500.00Sep 25$1.87$1.87$8.1383%0.23$508.13
$540.00$530.00Sep 4$2.72$2.72$7.2870%0.37$537.28

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $7.09, cheapest $3.05)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$560.00Aug 28Sep 4$3.0532.5%25.1%
$550.00Aug 28Sep 4$4.5027.2%28.9%
$555.00Aug 28Sep 4$6.6523.8%28.0%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$560.00Aug 28Sep 18$9.0532.5%31.2%
$550.00Aug 28Sep 18$9.8227.2%27.6%
$555.00Aug 28Sep 18$9.4523.8%25.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 12 found (cheapest 1.68% of stock, avg 4.39%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$555.00Aug 28$4.20$5.10$9.30$545.70$564.301.68%
$550.00Aug 28$7.90$3.63$11.53$538.47$561.532.09%
$560.00Aug 28$3.88$9.65$13.53$546.47$573.532.45%
$545.00Aug 28$11.50$2.60$14.10$530.90$559.102.55%
$540.00Aug 28$15.15$1.63$16.78$523.22$556.783.04%
$530.00Aug 28$24.15$1.00$25.15$504.85$555.154.55%
$555.00Sep 18$15.35$14.55$29.90$525.10$584.905.41%
$525.00Aug 28$29.50$0.50$30.00$495.00$555.005.43%
$550.00Sep 18$18.80$13.45$32.25$517.75$582.255.83%
$540.00Sep 18$23.40$10.35$33.75$506.25$573.756.10%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 65 found (cheapest 0.44% of stock, avg 1.97%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$585.00$537.50Aug 28$0.78$1.65$2.43$535.07$587.43
$570.00$537.50Aug 28$0.95$1.65$2.60$534.90$572.60
$585.00$540.00Aug 28$0.78$1.63$2.41$537.59$587.41
$570.00$540.00Aug 28$0.95$1.63$2.58$537.42$572.58
$565.00$540.00Aug 28$2.00$1.63$3.63$536.37$568.63
$565.00$537.50Aug 28$2.00$1.65$3.65$533.85$568.65
$570.00$545.00Aug 28$0.95$2.60$3.55$541.45$573.55
$585.00$545.00Aug 28$0.78$2.60$3.38$541.62$588.38
$585.00$530.00Sep 4$1.27$2.98$4.25$525.75$589.25
$565.00$545.00Aug 28$2.00$2.60$4.60$540.40$569.60

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 15 found (best R:R 0.85, avg credit $3.41)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
475/478565/570Aug 28$2.30$2.7066%0.85$475.20$567.30
475/478570/575Aug 28$1.72$3.2876%0.52$475.78$571.72
535/538565/570Aug 28$1.93$3.0760%0.63$535.57$566.93
478/480565/570Aug 28$1.65$3.3565%0.49$478.35$566.65
525/530565/570Aug 28$1.55$3.4566%0.45$528.45$566.55
535/538570/575Aug 28$1.35$3.6569%0.37$536.15$571.35
478/480570/575Aug 28$1.07$3.9375%0.27$478.93$571.07
525/530570/575Aug 28$0.97$4.0376%0.24$529.03$570.97
540/545565/570Aug 28$2.02$2.9849%0.68$542.98$567.02
540/545570/575Aug 28$1.44$3.5659%0.40$543.56$571.44

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 15 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$540.00$545.00$550.00Aug 28$0.05$4.9520%99.00
$565.00$570.00$575.00Aug 28$0.58$4.4216%7.62
$560.00$565.00$570.00Aug 28$0.83$4.1722%5.02
$540.00$555.00$570.00Oct 2$2.40$12.6022%5.25
$515.00$520.00$525.00Aug 28$1.85$3.151%1.70
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$540.00$545.00$550.00Aug 28$0.06$4.9420%82.33
$545.00$550.00$555.00Aug 28$0.44$4.5627%10.36
$540.00$545.00$550.00Sep 18$0.10$4.909%49.00
$530.00$535.00$540.00Sep 18$1.15$3.859%3.35
$550.00$555.00$560.00Aug 28$3.08$1.9227%0.62

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 46 found (best net $-0.35, 34 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$525.00$550.001:2Sep 11-$0.35$24.65
$500.00$525.001:2Sep 11-$8.95$16.05
$535.00$550.001:2Sep 4-$2.35$12.65
$565.00$580.001:2Sep 25-$1.45$13.55
$530.00$540.001:2Aug 28-$6.15$3.85
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$560.00$555.001:2Aug 28-$0.55$4.45
$540.00$530.001:2Sep 4-$0.26$9.74
$545.00$540.001:2Aug 28-$0.66$4.34
$530.00$525.001:2Aug 28$0.00$5.00
$510.00$500.001:2Sep 25-$1.11$8.89

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 19 found (best yield 2.03%, avg 1.16%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$570.00Oct 2$11.200.393.1%2.03%5.13%2--
$555.00Oct 2$16.500.500.4%2.98%3.37%21
$555.00Sep 25$15.200.510.4%2.75%3.14%2--
$565.00Sep 25$10.800.432.2%1.95%4.15%31
$560.00Sep 18$12.300.471.3%2.22%3.52%9153
$580.00Sep 25$4.400.304.9%0.80%5.71%203
$555.00Sep 18$11.100.510.4%2.01%2.40%1--
$575.00Sep 18$5.100.304.0%0.92%4.93%1--
$555.00Sep 4$7.900.510.4%1.43%1.82%219
$565.00Sep 4$4.700.352.2%0.85%3.05%22

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 468
Total Puts 336
Put/Call Ratio 0.72
Net Difference 132

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 8,107
Total Puts 7,009
Average Put/Call Ratio 1.06
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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