Tour v366
AA
ALCOA CORP
$43.48 -1.14%
$43.60 (+0.28%)🌙
as of 07/20 06:05 PM
7/20 18:05

Option Volume

Detail
Current (07/20) 16,568
Calls: 10,106 (61%)
Puts: 6,462 (39%)
Prior (07/17) 48,182
Calls: 35,549 (74%)
Puts: 12,633 (26%)
Current vs Prior -65.61%
Calls: -71.57% (Calls)
Puts: -48.85% (Puts)
Prior 7-Day Total 178,412
Calls: 130,922 (73%)
Puts: 47,490 (27%)
Prior 7-Day Average 25,487
Calls: 18,703 (73%)
Puts: 6,784 (27%)
Current vs Prior 7-Day Avg -35.00%
Calls: -45.97%
Puts: -4.75%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/20) $3.92M
Calls: $1.69M (43%)
Puts: $2.23M (57%)
Prior (07/17) $7.20M
Calls: $2.93M (41%)
Puts: $4.26M (59%)
Current vs Prior -45.57%
Calls: -42.45%
Puts: -47.73%
Prior 7-Day Total $34.03M
Calls: $19.52M (57%)
Puts: $14.50M (43%)
Prior 7-Day Average $4.86M
Calls: $2.79M (57%)
Puts: $2.07M (43%)
Current vs Prior 7-Day Avg -19.39%
Calls: -39.44%
Puts: +7.60%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/20) 0.64
Prior (07/17) 0.36
Current vs Prior +79.93%
Prior 7-Day Average 0.48
Current vs Prior 7-Day Avg +33.52%
Sentiment BULLISH

Open Interest

Detail
Current (07/20) 234,915
Calls: 132,593 (56%)
Puts: 102,322 (44%)
Prior (07/17) 295,446
Calls: 175,538 (59%)
Puts: 119,908 (41%)
Current vs Prior -20.49%
Prior 7-Day Total 1,758,768
Calls: 1,007,711 (57%)
Puts: 751,057 (43%)
Prior 7-Day Average 251,252
Calls: 143,958 (57%)
Puts: 107,293 (43%)
Current vs Prior 7-Day Avg -6.50%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 6.30% | 9.25%14.56% | 18.28%
Prior 6.89% | 9.55%4.55% | 13.69%
Current vs Prior -8.53% | -3.19%+220.14% | +33.58%
Prior 7-Day Avg 7.47% | 10.46%8.09% | 15.70%
Current vs 7-Day Avg -15.62% | -11.62%+79.89% | +16.47%
Prior 7-Day Eod 6.89% | 9.55%4.55% | 13.69%
Current vs 7-Day Eod -8.53% | -3.19%+220.14% | +33.58%
Sentiment BULLISHBEARISH

Relative Spread

Detail
Expiry | Next
Current 32.04% | 29.55%
Calls: 47.31% | 15.86%
Puts: 16.77% | 43.24%
Prior 32.04% | 29.55%
Calls: 47.31% | 15.86%
Puts: 16.77% | 43.24%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 22.76% | 16.62%
Calls: 23.26% | 11.69%
Puts: 22.26% | 21.55%
Current vs 7-Day Avg +40.75% | +77.80%
Liquidity Expensive
+
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🤖 AI Insights

Below-average activity with volume down 66% vs prior. Bullish P/C ratio of 0.64. P/C ratio rising 80% - increased hedging/bearish positioning. Declining open interest (down 20%) indicates positions being closed.

Smart Money BEARISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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 23 of results (avg 8.1%, best 5.3%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 212.282.41$2.345.6%1570.46405
$41.00Jul 313.303.55$3.437.3%80.731
$44.00Aug 142.332.51$2.427.4%710.50--
$42.00Jul 242.062.23$2.157.9%60.712
$44.00Jul 241.001.09$1.058.6%7820.46112
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 213.653.85$3.755.3%760.541.8K
$46.00Aug 73.603.85$3.736.7%60.641
$46.50Jul 313.553.80$3.686.8%70.7111
$47.00Aug 214.805.15$4.977.0%20.64--
$45.50Jul 242.402.58$2.497.2%100.71146

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 7 found (avg $0.70, cheapest $0.36)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Jul 240.370.43$0.4015.0%1.5K0.2319
$45.00Jul 240.600.70$0.6515.4%6950.3339
$44.50Jul 240.790.90$0.8512.9%530.405
$50.00Aug 210.860.97$0.9212.0%3740.2312.0K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 210.320.39$0.3619.4%2230.09249
$42.50Jul 240.700.82$0.7615.8%470.3523
$43.00Jul 240.901.04$0.9714.4%1610.42653

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 99 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.00Jul 245.058.70$6.8853.1%130.981
$38.50Jul 244.106.40$5.2543.8%10.96--
$39.00Jul 243.456.50$4.9761.4%10.95--
$37.50Jul 245.008.20$6.6048.5%30.94--
$35.00Aug 77.9010.20$9.0525.4%250.949
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$51.00Jul 246.958.90$7.9324.6%41.0024
$52.00Jul 247.309.65$8.4827.7%71.0055
$50.00Jul 245.557.00$6.2823.1%140.95385
$49.00Jul 244.405.95$5.1829.9%430.95775
$52.00Jul 317.509.75$8.6326.1%50.9429

Most actively traded options today. High liquidity = easy entry/exit. 225 active (total vol 11.0K, top 1.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Jul 240.370.43$0.4015.0%1.5K0.2319
$44.00Jul 241.001.09$1.058.6%7820.46112
$45.00Jul 240.600.70$0.6515.4%6950.3339
$50.00Aug 210.860.97$0.9212.0%3740.2312.0K
$45.50Jul 240.440.72$0.5848.3%2550.2931
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$41.00Aug 211.621.93$1.7817.4%9730.33--
$35.00Aug 210.320.39$0.3619.4%2230.09249
$43.50Jul 241.131.27$1.2011.7%2020.4842
$41.00Jul 240.300.55$0.4358.1%2010.21128
$40.00Jul 240.150.36$0.2680.8%1940.14233

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 51 strikes (avg 21.3%, max 58.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$38.00Jul 24Aug 792.4%58.3%58.6%6113
$48.50Jul 24Aug 2183.1%58.6%41.8%18518
$41.00Jul 24Aug 2176.1%57.7%31.9%2695
$50.00Jul 24Aug 2877.5%59.0%31.3%151605
$49.00Jul 24Aug 2170.4%54.1%30.1%193226
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$37.50Jul 24Jul 3196.6%64.4%50.0%7--
$48.50Jul 24Aug 783.1%57.7%44.0%210
$49.50Jul 24Jul 3193.4%67.1%39.2%1035
$37.00Jul 24Aug 2877.4%55.9%38.4%1018
$50.00Jul 24Aug 2177.5%57.1%35.8%291.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 116 found (best R:R 8.09, avg 1.86)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$50.00$52.00Aug 21$0.27$1.73$0.276.41$50.27
$48.00$48.50Jul 31$0.10$0.40$0.104.00$48.10
$51.00$52.00Jul 31$0.21$0.79$0.213.76$51.21
$48.00$50.00Aug 28$0.47$1.53$0.473.26$48.47
$48.50$49.00Jul 24$0.12$0.38$0.123.17$48.62
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$38.00$37.00Aug 14$0.11$0.89$0.118.09$37.89
$37.00$35.00Aug 28$0.23$1.77$0.237.70$36.77
$37.00$35.00Aug 14$0.29$1.71$0.295.90$36.71
$47.00$46.00Aug 28$0.15$0.85$0.155.67$46.85
$37.00$35.00Aug 21$0.32$1.68$0.325.25$36.68

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 145 found (best R:R 12.33, avg 1.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$44.00$45.00Aug 7$0.90$0.90$0.109.00$44.90
$35.00$40.00Aug 21$4.22$4.22$0.785.41$39.22
$38.50$40.00Jul 31$1.23$1.23$0.274.56$39.73
$38.00$40.00Aug 7$1.55$1.55$0.453.44$39.55
$42.00$43.00Aug 14$0.74$0.74$0.262.85$42.74
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.00$50.00Aug 21$1.85$1.85$0.1512.33$50.15
$52.00$50.00Aug 14$1.75$1.75$0.257.00$50.25
$47.00$46.00Aug 14$0.87$0.87$0.136.69$46.13
$52.00$49.00Aug 28$2.43$2.43$0.574.26$49.57
$48.00$47.00Aug 7$0.78$0.78$0.223.55$47.22

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 55 found (avg debit $0.45, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$52.00Jul 24Jul 31$0.1171.7%63.7%
$49.50Jul 24Jul 31$0.1793.4%67.1%
$37.00Jul 24Aug 7$0.2277.4%106.4%
$48.50Jul 24Jul 31$0.2283.1%62.2%
$51.00Jul 24Jul 31$0.3077.4%74.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$37.50Jul 24Jul 31$0.0796.6%64.4%
$38.00Jul 24Jul 31$0.1292.4%65.9%
$52.00Jul 24Jul 31$0.1571.7%63.7%
$37.00Jul 24Jul 31$0.1677.4%68.8%
$39.50Jul 24Jul 31$0.1670.1%53.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 96 found (cheapest 5.68% of stock, avg 13.29%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$43.50Jul 24$1.27$1.20$2.47$41.03$45.975.68%
$43.00Jul 24$1.54$0.97$2.51$40.49$45.515.77%
$44.00Jul 24$1.05$1.50$2.55$41.45$46.555.86%
$42.50Jul 24$1.83$0.76$2.59$39.91$45.095.96%
$44.50Jul 24$0.85$1.80$2.65$41.85$47.156.09%
$42.00Jul 24$2.15$0.60$2.75$39.25$44.756.32%
$45.00Jul 24$0.65$2.13$2.78$42.22$47.786.39%
$41.50Jul 24$2.51$0.45$2.96$38.54$44.466.81%
$45.50Jul 24$0.58$2.49$3.07$42.43$48.577.06%
$46.00Jul 24$0.40$2.86$3.26$42.74$49.267.50%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 1.95% of stock, avg 7.83%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$46.00$41.50Jul 24$0.40$0.45$0.85$40.65$46.85
$46.00$42.00Jul 24$0.40$0.60$1.00$41.00$47.00
$45.50$41.50Jul 24$0.58$0.45$1.03$40.47$46.53
$45.00$41.50Jul 24$0.65$0.45$1.10$40.40$46.10
$46.00$42.50Jul 24$0.40$0.76$1.16$41.34$47.16
$45.50$42.00Jul 24$0.58$0.60$1.18$40.82$46.68
$45.00$42.00Jul 24$0.65$0.60$1.25$40.75$46.25
$44.50$41.50Jul 24$0.85$0.45$1.30$40.20$45.80
$45.50$42.50Jul 24$0.58$0.76$1.34$41.16$46.84
$46.00$43.00Jul 24$0.40$0.97$1.37$41.63$47.37

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 158 found (best R:R 9.00, avg credit $0.68)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
43/4445/46Aug 28$0.90$0.109.00$43.10$45.90
44/4547/48Aug 28$0.90$0.109.00$44.10$47.90
37/3840/41Aug 21$0.88$0.127.33$37.12$40.88
42/4344/45Aug 28$0.88$0.127.33$42.12$44.88
44/4546/46Aug 7$0.87$0.136.69$44.13$46.37
44/4546/46Aug 7$0.86$0.146.14$44.14$46.86
37/3842/43Aug 14$0.85$0.155.67$37.15$42.85
41/4249/50Aug 14$0.85$0.155.67$41.15$49.85
44/4547/48Aug 14$0.85$0.155.67$44.15$47.85
38/3940/41Aug 21$0.85$0.155.67$38.15$40.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 67 found (best R:R 15.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$46.00$47.00$48.00Aug 14$0.06$0.9415.67
$43.00$44.00$45.00Aug 28$0.06$0.9415.67
$44.00$45.00$46.00Aug 28$0.06$0.9415.67
$43.00$43.50$44.00Aug 21$0.05$0.459.00
$46.50$47.00$47.50Jul 24$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$43.00$44.00$45.00Aug 28$0.06$0.9415.67
$41.00$42.00$43.00Aug 14$0.07$0.9313.29
$43.00$44.00$45.00Aug 14$0.08$0.9211.50
$42.00$43.00$44.00Aug 28$0.08$0.9211.50
$41.00$42.00$43.00Aug 28$0.10$0.909.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 64 found (best net $-0.91, 56 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$35.00$40.001:2Aug 21-$0.91$4.09
$35.00$40.001:2Aug 28-$1.90$3.10
$40.00$43.001:2Aug 7-$0.51$2.49
$50.00$52.001:2Aug 21-$0.38$1.62
$48.00$50.001:2Aug 28-$0.79$1.21
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$37.00$35.001:2Aug 21-$0.04$1.96
$37.00$35.001:2Aug 14-$0.17$1.83
$37.00$35.001:2Aug 28-$0.28$1.72
$39.00$38.001:2Aug 7-$0.07$0.93
$41.00$40.001:2Jul 31-$0.21$0.79

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 66 found (best yield 6.69%, avg 2.46%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$43.50Aug 21$2.910.540.1%6.69%6.74%4--
$44.00Aug 28$2.900.521.2%6.67%7.87%13
$44.00Aug 21$2.620.511.2%6.03%7.22%8--
$45.00Aug 28$2.460.473.5%5.66%9.15%451
$44.50Aug 21$2.440.492.4%5.61%7.96%241--
$44.00Aug 14$2.330.501.2%5.36%6.55%71--
$45.00Aug 21$2.280.463.5%5.24%8.74%157405
$43.50Aug 7$2.190.530.1%5.04%5.08%107--
$46.00Aug 28$2.100.435.8%4.83%10.63%12
$44.00Aug 7$1.990.501.2%4.58%5.77%17

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 10,106
Total Puts 6,462
Put/Call Ratio 0.64
Net Difference 3,644

Prior's Put/Call Breakdown

Total Calls 35,549
Total Puts 12,633
Put/Call Ratio 0.36
Net Difference 22,916

Prior 7-Day Put/Call Summary

Total Calls 130,922
Total Puts 47,490
Average Put/Call Ratio 0.48
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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