Tour v526
VRTX
VERTEX PHARMACEUTICA
$552.85 +0.96%
8/25 16:01

Option Volume

Detail
Current (08/25 4:00pm) 804
Calls: 468 (58%)
Puts: 336 (42%)
Prior (08/10) 4,910
Calls: 3,175 (65%)
Puts: 1,735 (35%)
Current vs Prior -83.63%
Calls: -85.26% (Calls)
Puts: -80.63% (Puts)
Prior 7-Day Total 16,942
Calls: 8,412 (50%)
Puts: 8,530 (50%)
Prior 7-Day Average 3,388
Calls: 1,201 (50%)
Puts: 1,218 (50%)
Current vs Prior 7-Day Avg -76.27%
Calls: -61.06%
Puts: -72.43%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/25 4:00pm) $2.37M
Calls: $2.01M (85%)
Puts: $361.4K (15%)
Prior (08/10) $7.23M
Calls: $5.74M (79%)
Puts: $1.49M (21%)
Current vs Prior -67.17%
Calls: -64.96%
Puts: -75.71%
Prior 7-Day Total $18.29M
Calls: $11.76M (64%)
Puts: $6.53M (36%)
Prior 7-Day Average $3.66M
Calls: $1.68M (64%)
Puts: $932.3K (36%)
Current vs Prior 7-Day Avg -35.12%
Calls: +19.72%
Puts: -61.23%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/25 4:00pm) 0.72
Prior (08/10) 0.55
Current vs Prior +31.38%
Prior 7-Day Average 1.19
Current vs Prior 7-Day Avg -39.52%
Sentiment NEUTRAL

Open Interest

Detail
Current (08/25 4:00pm) 45,123
Calls: 22,801 (51%)
Puts: 22,322 (49%)
Prior (08/10) 49,408
Calls: 23,416 (47%)
Puts: 25,992 (53%)
Current vs Prior -8.67%
Prior 7-Day Total 238,308
Calls: 115,554 (48%)
Puts: 122,754 (52%)
Prior 7-Day Average 47,661
Calls: 23,110 (48%)
Puts: 24,550 (52%)
Current vs Prior 7-Day Avg -5.33%
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 2.78% | 4.09%4.09% | 8.24%
Current vs Prior -15.33% | +0.07%+47.34% | +13.32%
Prior 7-Day Avg 3.10% | 5.95%6.99% | 10.78%
Current vs 7-Day Avg -24.22% | -31.18%-13.68% | -13.45%
Prior 7-Day Eod 2.78% | 4.09%1.57% | 7.43%
Current vs 7-Day Eod -15.33% | +0.07%+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 85.64% | 29.24%
Calls: 53.05% | 34.45%
Puts: 118.22% | 24.03%
Current vs 7-Day Avg -37.69% | -66.38%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 85% of dollar volume in calls ($2.01M) vs puts ($361.4K). Light premium activity with dollar volume down 67% vs prior. Below-average activity with volume down 84% vs prior. P/C ratio rising 31% - increased hedging/bearish 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 NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
16:00BULLISHBULLISHBULLISH
15:00BULLISHBULLISHBULLISH

📈 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 6 of results (avg 6.9%, best 5.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$450.00Aug 28101.60106.80$104.205.0%--0.9710
$470.00Aug 2881.6086.80$84.206.2%--0.8951
$470.00Sep 1882.9088.20$85.556.2%--0.95229
$450.00Sep 18101.00108.80$104.907.4%30.9852
$460.00Sep 1891.1099.00$95.058.3%--0.9679
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. 48 found (avg delta 0.78, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$450.00Sep 18101.00108.80$104.907.4%30.9852
$450.00Aug 28101.60106.80$104.205.0%--0.9710
$460.00Sep 1891.1099.00$95.058.3%--0.9679
$470.00Sep 1882.9088.20$85.556.2%--0.95229
$485.00Sep 1165.4074.00$69.7012.3%--0.9518
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$570.00Aug 2814.7021.90$18.3039.3%--0.9113
$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

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%100.7324
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%110.1029
$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. 7 strikes (avg 12.0%, max 37.0%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$545.00Aug 28Sep 430.4%25.1%20.7%1064
$540.00Aug 28Oct 231.7%29.4%7.8%210
$560.00Aug 28Sep 1832.0%31.1%3.0%12224
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$520.00Sep 4Oct 240.2%29.4%37.0%--50
$540.00Aug 28Sep 1831.7%29.6%7.0%569
$545.00Aug 28Sep 1830.4%28.7%5.8%722
$560.00Aug 28Sep 1832.0%31.1%3.0%224

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 72 found (best R:R 320.43, avg 11.80)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$585.00$630.00Sep 4$0.14$44.86$0.1411%320.43$585.14
$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
$540.00$550.00Sep 11$4.80$5.20$4.8067%1.08$544.80
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
$485.00$470.00Sep 11$0.12$14.88$0.125%124.00$484.88
$550.00$545.00Aug 28$1.03$3.97$1.0338%3.85$548.97

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 63 found (best R:R 1.94, avg 0.44)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$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
$565.00$570.00Sep 18$2.95$2.95$2.0558%1.44$567.95
$570.00$575.00Sep 18$2.35$2.35$2.6564%0.89$572.35
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$455.00$450.00Aug 28$3.30$3.30$1.7090%1.94$451.70
$500.00$495.00Sep 11$1.65$1.65$3.3589%0.49$498.35
$485.00$470.00Sep 4$1.80$1.80$13.2090%0.14$483.20
$477.50$475.00Aug 28$1.25$1.25$1.2589%1.00$476.25
$520.00$515.00Sep 4$1.52$1.52$3.4884%0.44$518.48

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$3.0532.0%25.0%
$550.00Aug 28Sep 4$4.5026.8%28.7%
$555.00Aug 28Sep 4$6.6523.5%27.8%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$560.00Aug 28Sep 18$9.0532.0%31.1%
$550.00Aug 28Sep 18$9.8226.8%27.5%
$555.00Aug 28Sep 18$9.4523.5%25.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 23 found (cheapest 1.68% of stock, avg 6.21%)

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%
$570.00Aug 28$0.95$18.30$19.25$550.75$589.253.48%
$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%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 130 found (cheapest 0.47% of stock, avg 2.21%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$570.00$537.50Aug 28$0.95$1.65$2.60$534.90$572.60
$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
$630.00$490.00Sep 4$1.13$2.70$3.83$486.17$633.83
$585.00$490.00Sep 4$1.27$2.70$3.97$486.03$588.97
$570.00$545.00Aug 28$0.95$2.60$3.55$541.45$573.55
$630.00$487.50Sep 4$1.13$2.85$3.98$483.52$633.98
$585.00$487.50Sep 4$1.27$2.85$4.12$483.38$589.12
$585.00$520.00Sep 4$1.27$3.10$4.37$515.63$589.37

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 67 found (best R:R 6.69, avg credit $2.61)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
450/455565/570Aug 28$4.35$0.6567%6.69$450.65$569.35
450/455570/575Aug 28$3.77$1.2377%3.07$451.23$573.77
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
450/460580/590Sep 18$3.16$6.8470%0.46$456.84$583.16
450/460600/610Sep 18$2.17$7.8380%0.28$457.83$602.17
450/460620/630Sep 18$1.29$8.7188%0.15$458.71$621.29
530/535575/580Sep 18$2.93$2.0740%1.42$532.07$577.93
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

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 39 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
$545.00$550.00$555.00Sep 4$0.25$4.7517%19.00
$500.00$510.00$520.00Sep 18$0.45$9.559%21.22
$555.00$570.00$585.00Oct 2$1.80$13.2022%7.33
$565.00$570.00$575.00Aug 28$0.58$4.4216%7.62
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
$460.00$470.00$480.00Sep 18$0.27$9.732%36.04
$520.00$527.50$535.00Sep 11$0.79$6.7114%8.49

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 97 found (best net $-0.70, 85 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$485.00$520.001:2Sep 4-$0.70$34.30
$525.00$555.001:2Sep 25-$0.45$29.55
$565.00$580.001:2Sep 25-$1.45$13.55
$530.00$540.001:2Aug 28-$6.15$3.85
$470.00$500.001:2Aug 28-$24.40$5.60
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$570.00$560.001:2Aug 28-$1.00$9.00
$555.00$535.001:2Oct 2-$5.05$14.95
$560.00$555.001:2Aug 28-$0.55$4.45
$540.00$530.001:2Sep 4-$0.26$9.74
$520.00$500.001:2Oct 2-$2.05$17.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 27 found (best yield 2.03%, avg 1.07%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$570.00Oct 2$11.200.393.1%2.03%5.13%25
$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
$565.00Sep 18$9.300.422.2%1.68%3.88%--72
$585.00Oct 2$5.000.285.8%0.90%6.72%--19
$590.00Oct 2$3.900.256.7%0.71%7.43%--73
$580.00Sep 25$4.400.304.9%0.80%5.71%203
$555.00Sep 18$11.100.510.4%2.01%2.40%1295

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 3,175
Total Puts 1,735
Put/Call Ratio 0.55
Net Difference 1,440

Prior 7-Day Put/Call Summary

Total Calls 8,412
Total Puts 8,530
Average Put/Call Ratio 1.19
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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