Tour v346
VRTX
VERTEX PHARMACEUTICA
$485.65 -0.08%
$486.90 (+0.26%)🌙
as of 07/17 07:29 PM
7/17 19:29

Option Volume

Detail
Current (07/17) 7,566
Calls: 1,473 (19%)
Puts: 6,093 (81%)
Prior (07/16) 5,347
Calls: 1,337 (25%)
Puts: 4,010 (75%)
Current vs Prior +41.50%
Calls: +10.17% (Calls)
Puts: +51.95% (Puts)
Prior 7-Day Total 25,391
Calls: 10,847 (43%)
Puts: 14,544 (57%)
Prior 7-Day Average 3,627
Calls: 1,549 (43%)
Puts: 2,077 (57%)
Current vs Prior 7-Day Avg +108.59%
Calls: -4.94%
Puts: +193.25%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/17) $3.47M
Calls: $2.56M (74%)
Puts: $909.4K (26%)
Prior (07/16) $2.09M
Calls: $1.22M (58%)
Puts: $867.9K (42%)
Current vs Prior +66.39%
Calls: +110.23%
Puts: +4.78%
Prior 7-Day Total $26.93M
Calls: $15.58M (58%)
Puts: $11.35M (42%)
Prior 7-Day Average $3.85M
Calls: $2.23M (58%)
Puts: $1.62M (42%)
Current vs Prior 7-Day Avg -9.70%
Calls: +15.23%
Puts: -43.92%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/17) 4.14
Prior (07/16) 3.00
Current vs Prior +37.92%
Prior 7-Day Average 1.58
Current vs Prior 7-Day Avg +161.92%
Sentiment BEARISH

Open Interest

Detail
Current (07/17) 10,931
Calls: 6,099 (56%)
Puts: 4,832 (44%)
Prior (07/16) 8,940
Calls: 5,258 (59%)
Puts: 3,682 (41%)
Current vs Prior +22.27%
Prior 7-Day Total 66,237
Calls: 36,590 (55%)
Puts: 29,647 (45%)
Prior 7-Day Average 9,462
Calls: 5,227 (55%)
Puts: 4,235 (45%)
Current vs Prior 7-Day Avg +15.52%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 0.86% | 3.73%0.86% | 10.34%
Prior 2.03% | 4.36%2.03% | 10.35%
Current vs Prior +83.90% | +24.15%-57.53% | -0.12%
Prior 7-Day Avg 2.51% | 4.36%3.09% | 10.66%
Current vs 7-Day Avg +48.20% | +24.11%-72.18% | -3.01%
Prior 7-Day Eod 2.03% | 4.36%2.03% | 10.35%
Current vs 7-Day Eod +83.90% | +24.15%-57.53% | -0.12%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 125.66% | 9.21%
Calls: 67.80% | 10.00%
Puts: 183.51% | 8.43%
Prior 125.66% | 9.21%
Calls: 67.80% | 10.00%
Puts: 183.51% | 8.43%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 125.66% | 9.21%
Calls: 67.80% | 10.00%
Puts: 183.51% | 8.43%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 74% call dollar volume ($2.56M). Elevated premium activity with dollar volume up 66% vs prior. Volume explosion - 109% above 7-day average (7,566 vs avg 3,627). Extreme bearish P/C ratio of 4.14 - heavy put buying.

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 BEARISH
7-Day Avg NEUTRAL
Current BEARISH
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 3 of results (avg 8.9%, best 7.9%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$480.00Aug 2125.6027.70$26.657.9%810.5778
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$570.00Jul 3180.5088.10$84.309.0%51.00--
$490.00Aug 2122.4024.70$23.559.8%100.50--

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. 43 found (avg delta 0.72, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Jul 1713.2018.70$15.9534.5%5110.99744
$430.00Jul 1751.9059.60$55.7513.8%100.9030
$440.00Jul 1741.8049.70$45.7517.3%10.89--
$450.00Jul 1731.9039.60$35.7521.5%170.87189
$457.50Jul 1724.4032.10$28.2527.3%10.85--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$570.00Jul 3180.5088.10$84.309.0%51.00--
$515.00Jul 1725.5033.10$29.3025.9%10.89184
$520.00Jul 2430.6038.30$34.4522.4%10.87--
$525.00Jul 2435.5043.20$39.3519.6%10.861
$500.00Jul 2413.0020.70$16.8545.7%10.78--

Most actively traded options today. High liquidity = easy entry/exit. 114 active (total vol 1.9K, top 511)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Jul 1713.2018.70$15.9534.5%5110.99744
$480.00Aug 2125.6027.70$26.657.9%810.5778
$480.00Jul 173.208.60$5.9091.5%390.78230
$530.00Aug 216.108.70$7.4035.1%370.2443
$500.00Jul 170.004.80$2.40200.0%300.23334
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$480.00Jul 170.002.25$1.13199.1%3990.23392
$480.00Jul 316.8010.00$8.4038.1%1000.4028
$487.50Jul 3111.0014.60$12.8028.1%420.50--
$400.00Jul 240.001.70$0.85200.0%300.0441
$505.00Aug 725.2032.00$28.6023.8%200.632

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 25 strikes (avg 866.6%, max 2466.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$450.00Jul 17Aug 28951.8%37.1%2466.1%22189
$460.00Jul 17Aug 21760.4%37.4%1935.0%25--
$510.00Jul 17Aug 28674.9%36.0%1775.5%4260
$497.50Jul 17Jul 24440.0%32.2%1266.5%3--
$500.00Jul 17Aug 28490.4%38.8%1163.9%31334
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$450.00Jul 17Aug 28951.8%37.1%2466.1%1247
$465.00Jul 17Jul 24661.8%34.7%1805.1%1151
$500.00Jul 17Jul 24490.4%26.4%1759.1%6--
$475.00Jul 17Aug 7453.3%42.8%960.3%156
$480.00Jul 17Jul 31232.6%30.3%666.7%499420

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 63 found (best R:R 49.00, avg 4.61)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$550.00$560.00Aug 21$0.20$9.80$0.2049.00$550.20
$505.00$535.00Jul 24$1.75$28.25$1.7516.14$506.75
$510.00$525.00Jul 31$1.73$13.27$1.737.67$511.73
$510.00$530.00Jul 17$2.37$17.63$2.377.44$512.37
$530.00$555.00Aug 28$3.80$21.20$3.805.58$533.80
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$420.00$405.00Aug 7$0.33$14.67$0.3344.45$419.67
$455.00$400.00Jul 24$2.03$52.97$2.0326.09$452.97
$430.00$420.00Aug 14$0.87$9.13$0.8710.49$429.13
$480.00$475.00Jul 24$0.50$4.50$0.509.00$479.50
$430.00$420.00Aug 21$1.30$8.70$1.306.69$428.70

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 77 found (best R:R 49.00, avg 1.83)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$462.50$470.00Jul 17$6.50$6.50$1.006.50$469.00
$497.50$500.00Jul 24$1.90$1.90$0.603.17$499.40
$450.00$470.00Aug 7$14.95$14.95$5.052.96$464.95
$475.00$477.50Jul 17$1.85$1.85$0.652.85$476.85
$480.00$482.50Jul 24$1.80$1.80$0.702.57$481.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$525.00$520.00Jul 24$4.90$4.90$0.1049.00$520.10
$570.00$490.00Jul 31$70.65$70.65$9.357.56$499.35
$520.00$500.00Jul 24$17.60$17.60$2.407.33$502.40
$482.50$480.00Jul 24$2.12$2.12$0.385.58$480.38
$492.50$490.00Jul 17$1.89$1.89$0.613.10$490.61

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 23 found (avg debit $4.20, cheapest $0.80)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$497.50Jul 17Jul 24$1.70440.0%32.2%
$510.00Jul 17Jul 31$1.73674.9%32.1%
$520.00Aug 7Aug 14$2.1739.2%37.7%
$460.00Jul 17Jul 31$2.75760.4%34.5%
$470.00Jul 17Jul 24$2.80195.3%35.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$440.00Aug 21Aug 28$0.8040.0%38.1%
$430.00Aug 7Aug 14$0.9047.0%44.6%
$460.00Aug 21Aug 28$1.6037.4%36.8%
$475.00Jul 17Jul 24$1.73453.3%32.2%
$500.00Jul 17Jul 24$2.75490.4%26.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 20 found (cheapest 0.80% of stock, avg 5.58%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$485.00Jul 17$1.50$2.40$3.90$481.10$488.900.80%
$490.00Jul 17$0.95$4.68$5.63$484.37$495.631.16%
$480.00Jul 17$5.90$1.13$7.03$472.97$487.031.45%
$475.00Jul 17$10.75$2.40$13.15$461.85$488.152.71%
$470.00Jul 17$15.95$0.03$15.98$454.02$485.983.29%
$500.00Jul 17$2.40$14.10$16.50$483.50$516.503.40%
$485.00Jul 24$9.05$7.80$16.85$468.15$501.853.47%
$490.00Jul 24$6.50$10.35$16.85$473.15$506.853.47%
$480.00Jul 24$12.35$4.63$16.98$463.02$496.983.50%
$482.50Jul 24$10.55$6.75$17.30$465.20$499.803.56%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 126 found (cheapest 0.43% of stock, avg 3.03%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$490.00$480.00Jul 17$0.95$1.13$2.08$477.92$492.08
$487.50$480.00Jul 17$1.70$1.13$2.83$477.17$490.33
$490.00$485.00Jul 17$0.95$2.40$3.35$481.65$493.35
$490.00$475.00Jul 17$0.95$2.40$3.35$471.65$493.35
$490.00$465.00Jul 17$0.95$2.40$3.35$461.65$493.35
$490.00$450.00Jul 17$0.95$2.40$3.35$446.65$493.35
$497.50$480.00Jul 17$2.40$1.13$3.53$476.47$501.03
$500.00$480.00Jul 17$2.40$1.13$3.53$476.47$503.53
$510.00$480.00Jul 17$2.40$1.13$3.53$476.47$513.53
$487.50$485.00Jul 17$1.70$2.40$4.10$480.90$491.60

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 128 found (best R:R 10.76, avg credit $6.61)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
440/450470/480Aug 21$9.15$0.8510.76$440.85$479.15
460/470480/490Aug 21$9.15$0.8510.76$460.85$489.15
485/490498/500Jul 24$4.45$0.558.09$485.55$501.95
482/485488/490Jul 24$2.20$0.307.33$482.80$489.70
450/460470/480Aug 21$8.75$1.257.00$451.25$478.75
430/440450/460Aug 21$8.70$1.306.69$431.30$458.70
420/430450/460Aug 21$8.50$1.505.67$421.50$458.50
460/470500/510Aug 28$8.45$1.555.45$461.55$508.45
450/460500/510Aug 28$8.40$1.605.25$451.60$508.40
460/470490/500Aug 21$8.30$1.704.88$461.70$498.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 29 found (best R:R 49.00, cheapest $0.10)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$482.50$485.00$487.50Jul 24$0.10$2.4024.00
$500.00$510.00$520.00Aug 21$0.60$9.4015.67
$510.00$520.00$530.00Aug 21$0.65$9.3514.38
$480.00$495.00$510.00Aug 14$1.00$14.0014.00
$490.00$500.00$510.00Aug 21$0.75$9.2512.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$420.00$430.00$440.00Aug 21$0.20$9.8049.00
$430.00$440.00$450.00Aug 28$0.70$9.3013.29
$475.00$490.00$505.00Aug 7$1.20$13.8011.50
$430.00$440.00$450.00Aug 21$0.90$9.1010.11
$440.00$450.00$460.00Aug 28$0.90$9.1010.11

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 70 found (best net $-0.20, 58 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$505.00$535.001:2Jul 24-$0.20$29.80
$470.00$500.001:2Aug 28-$4.30$25.70
$530.00$555.001:2Aug 28-$0.40$24.60
$530.00$550.001:2Aug 21-$0.80$19.20
$460.00$480.001:2Jul 31-$3.25$16.75
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$490.00$470.001:2Aug 21-$6.45$13.55
$465.00$450.001:2Jul 17-$2.40$12.60
$420.00$405.001:2Aug 7-$3.02$11.98
$475.00$465.001:2Jul 24-$0.27$9.73
$430.00$420.001:2Aug 21-$2.70$7.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 25 found (best yield 4.16%, avg 1.42%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$490.00Aug 21$20.200.500.9%4.16%5.06%756
$500.00Aug 28$16.900.443.0%3.48%6.43%1--
$500.00Aug 21$15.800.433.0%3.25%6.21%5508
$495.00Aug 14$15.200.461.9%3.13%5.06%11--
$510.00Aug 21$11.800.365.0%2.43%7.44%555
$510.00Aug 28$10.000.375.0%2.06%7.07%23
$520.00Aug 21$8.800.307.1%1.81%8.88%16252
$490.00Jul 31$8.400.470.9%1.73%2.63%1143
$520.00Aug 28$8.000.317.1%1.65%8.72%1622
$510.00Aug 14$7.000.355.0%1.44%6.46%3--

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 1,473
Total Puts 6,093
Put/Call Ratio 4.14
Net Difference -4,620

Prior's Put/Call Breakdown

Total Calls 1,337
Total Puts 4,010
Put/Call Ratio 3.00
Net Difference -2,673

Prior 7-Day Put/Call Summary

Total Calls 10,847
Total Puts 14,544
Average Put/Call Ratio 1.58
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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