Tour v422
AA
ALCOA CORP
$44.08 -0.36%
$44.10 (+0.05%)🌙
as of 07/27 06:07 PM
7/27 18:07

Option Volume

Detail
Current (07/27) 8,900
Calls: 5,913 (66%)
Puts: 2,987 (34%)
Prior (07/24) 11,041
Calls: 5,723 (52%)
Puts: 5,318 (48%)
Current vs Prior -19.39%
Calls: +3.32% (Calls)
Puts: -43.83% (Puts)
Prior 7-Day Total 181,878
Calls: 132,516 (73%)
Puts: 49,362 (27%)
Prior 7-Day Average 25,982
Calls: 18,930 (73%)
Puts: 7,051 (27%)
Current vs Prior 7-Day Avg -65.75%
Calls: -68.77%
Puts: -57.64%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/27) $1.64M
Calls: $867.6K (53%)
Puts: $772.2K (47%)
Prior (07/24) $3.33M
Calls: $787.1K (24%)
Puts: $2.54M (76%)
Current vs Prior -50.75%
Calls: +10.22%
Puts: -69.63%
Prior 7-Day Total $30.58M
Calls: $15.32M (50%)
Puts: $15.25M (50%)
Prior 7-Day Average $4.37M
Calls: $2.19M (50%)
Puts: $2.18M (50%)
Current vs Prior 7-Day Avg -62.46%
Calls: -60.37%
Puts: -64.56%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/27) 0.51
Prior (07/24) 0.93
Current vs Prior -45.64%
Prior 7-Day Average 0.54
Current vs Prior 7-Day Avg -5.68%
Sentiment BULLISH

Open Interest

Detail
Current (07/27) 234,270
Calls: 124,819 (53%)
Puts: 109,451 (47%)
Prior (07/24) 133,681
Calls: 77,423 (58%)
Puts: 56,258 (42%)
Current vs Prior +75.25%
Prior 7-Day Total 1,550,192
Calls: 886,679 (57%)
Puts: 663,513 (43%)
Prior 7-Day Average 221,456
Calls: 126,668 (57%)
Puts: 94,787 (43%)
Current vs Prior 7-Day Avg +5.79%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 6.33% | 8.73%11.39% | 16.63%
Prior 6.85% | 9.18%12.64% | 16.86%
Current vs Prior -7.59% | -4.83%-9.87% | -1.39%
Prior 7-Day Avg 5.77% | 8.84%11.27% | 17.33%
Current vs 7-Day Avg +9.71% | -1.16%+1.06% | -4.02%
Prior 7-Day Eod 6.85% | 9.18%12.64% | 16.86%
Current vs 7-Day Eod -7.59% | -4.83%-9.87% | -1.39%
Sentiment BULLISHBULLISH

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 32.04% | 29.55%
Calls: 47.31% | 15.86%
Puts: 16.77% | 43.24%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Light premium activity with dollar volume down 51% vs prior. Bullish P/C ratio of 0.51. P/C ratio dropping 46% - sentiment shifting bullish. Rising open interest (up 75%) indicates new positions being established.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
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 26 of results (avg 8.6%, best 5.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$44.00Aug 212.512.69$2.606.9%470.53138
$46.00Aug 211.681.83$1.768.5%70.4186
$47.50Aug 211.191.30$1.258.8%--0.3326
$45.00Aug 212.042.23$2.138.9%810.47913
$45.50Aug 211.842.02$1.939.3%20.448
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 146.206.55$6.385.5%110.8313
$48.00Aug 285.055.40$5.236.7%--0.6618
$42.50Aug 70.951.02$0.997.1%20.334
$50.00Sep 46.807.30$7.057.1%10.722
$45.00Aug 212.883.10$2.997.4%170.531.9K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.65, cheapest $0.36)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 210.640.74$0.6914.5%1390.2112.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 70.330.38$0.3613.9%130.1550
$37.00Aug 210.370.44$0.4117.1%70.1123
$39.00Aug 210.650.74$0.7012.9%350.1865
$41.50Aug 70.660.79$0.7317.8%20.2633
$42.50Aug 70.951.02$0.997.1%20.334

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 82 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.00Jul 316.957.80$7.3811.5%180.99--
$37.50Jul 316.507.30$6.9011.6%90.99--
$36.00Jul 317.858.85$8.3512.0%80.98--
$36.50Jul 317.408.45$7.9313.2%170.98--
$38.00Jul 316.006.85$6.4313.2%70.983
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Jul 315.256.75$6.0025.0%61.0042
$49.00Jul 314.305.35$4.8221.8%90.9736
$52.00Jul 317.308.05$7.689.8%140.9532
$51.00Jul 316.257.45$6.8517.5%20.9412
$52.00Aug 77.258.50$7.8815.9%20.9417

Most actively traded options today. High liquidity = easy entry/exit. 174 active (total vol 5.3K, top 430)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Jul 310.390.54$0.4731.9%4300.28201
$47.00Jul 310.150.33$0.2475.0%3790.17227
$46.50Jul 310.290.43$0.3638.9%2110.22825
$48.00Jul 310.100.14$0.1233.3%1800.10184
$46.00Aug 141.241.67$1.4629.5%1620.3928
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.00Jul 310.310.54$0.4353.5%4220.23344
$39.00Aug 70.170.46$0.3290.6%2070.1256
$42.50Jul 310.430.54$0.4922.4%1930.27233
$43.50Jul 310.621.00$0.8146.9%1740.40189
$46.50Jul 312.412.84$2.6316.3%1030.7851

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 45 strikes (avg 25.0%, max 182.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$52.00Jul 31Sep 491.9%58.9%55.9%16401
$51.00Jul 31Aug 2887.0%58.2%49.6%31187
$40.00Jul 31Aug 2875.4%54.7%37.9%15142
$45.50Jul 31Aug 2171.7%55.6%28.8%9254
$38.00Jul 31Aug 776.0%59.7%27.4%7115
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.50Jul 31Aug 21150.2%53.1%182.8%2823
$52.00Jul 31Aug 2891.9%54.0%70.0%1651
$36.00Jul 31Sep 498.8%64.7%52.8%211
$51.00Jul 31Aug 1487.0%62.0%40.3%420
$38.00Jul 31Aug 2876.0%55.9%36.0%941

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 108 found (best R:R 8.09, avg 1.98)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$51.00$52.00Aug 14$0.15$0.85$0.155.67$51.15
$50.00$52.00Sep 4$0.30$1.70$0.305.67$50.30
$51.00$52.00Aug 7$0.17$0.83$0.174.88$51.17
$50.00$51.00Aug 21$0.19$0.81$0.194.26$50.19
$50.00$51.00Aug 28$0.19$0.81$0.194.26$50.19
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$38.00$37.00Aug 21$0.11$0.89$0.118.09$37.89
$37.00$36.00Aug 21$0.14$0.86$0.146.14$36.86
$39.00$38.00Aug 7$0.18$0.82$0.184.56$38.82
$39.00$38.00Aug 21$0.18$0.82$0.184.56$38.82
$38.00$37.00Aug 14$0.19$0.81$0.194.26$37.81

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 134 found (best R:R 5.67, avg 1.28)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$38.00$42.00Aug 7$3.26$3.26$0.744.41$41.26
$37.00$38.00Aug 7$0.80$0.80$0.204.00$37.80
$40.00$41.50Jul 31$1.18$1.18$0.323.69$41.18
$42.50$43.00Jul 31$0.36$0.36$0.142.57$42.86
$40.00$42.50Aug 21$1.79$1.79$0.712.52$41.79
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$51.00$50.00Jul 31$0.85$0.85$0.155.67$50.15
$52.00$50.00Aug 21$1.69$1.69$0.315.45$50.31
$49.00$48.00Aug 28$0.84$0.84$0.165.25$48.16
$52.00$51.00Jul 31$0.83$0.83$0.174.88$51.17
$49.00$48.00Aug 7$0.83$0.83$0.174.88$48.17

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 42 found (avg debit $0.53, cheapest $0.10)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$51.00Jul 31Aug 7$0.1487.0%64.5%
$50.00Jul 31Aug 7$0.2063.4%57.7%
$49.00Jul 31Aug 7$0.2857.4%56.7%
$48.00Jul 31Aug 7$0.3760.1%56.6%
$49.50Jul 31Aug 7$0.4166.4%68.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$38.00Jul 31Aug 7$0.1076.0%59.7%
$40.00Jul 31Aug 7$0.2075.4%57.4%
$52.00Jul 31Aug 7$0.2091.9%53.2%
$36.00Jul 31Aug 21$0.2398.8%58.5%
$39.00Jul 31Aug 7$0.2476.1%64.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 80 found (cheapest 4.97% of stock, avg 12.20%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$44.00Jul 31$1.19$1.00$2.19$41.81$46.194.97%
$43.50Jul 31$1.50$0.81$2.31$41.19$45.815.24%
$43.00Jul 31$1.80$0.63$2.43$40.57$45.435.51%
$45.00Jul 31$0.87$1.68$2.55$42.45$47.555.78%
$44.50Jul 31$1.04$1.60$2.64$41.86$47.145.99%
$42.50Jul 31$2.16$0.49$2.65$39.85$45.156.01%
$46.00Jul 31$0.47$2.28$2.75$43.25$48.756.24%
$45.50Jul 31$0.77$1.99$2.76$42.74$48.266.26%
$46.50Jul 31$0.36$2.63$2.99$43.51$49.496.78%
$47.00Jul 31$0.24$3.02$3.26$43.74$50.267.40%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 1.93% of stock, avg 6.87%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$46.50$42.50Jul 31$0.36$0.49$0.85$41.65$47.35
$46.00$42.50Jul 31$0.47$0.49$0.96$41.54$46.96
$46.50$43.00Jul 31$0.36$0.63$0.99$42.01$47.49
$46.00$43.00Jul 31$0.47$0.63$1.10$41.90$47.10
$46.50$43.50Jul 31$0.36$0.81$1.17$42.33$47.67
$45.50$42.50Jul 31$0.77$0.49$1.26$41.24$46.76
$46.00$43.50Jul 31$0.47$0.81$1.28$42.22$47.28
$45.00$42.50Jul 31$0.87$0.49$1.36$41.14$46.36
$46.50$44.00Jul 31$0.36$1.00$1.36$42.64$47.86
$45.50$43.00Jul 31$0.77$0.63$1.40$41.60$46.90

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 198 found (best R:R 8.09, avg credit $0.63)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
39/4043/44Aug 28$0.89$0.118.09$39.11$43.89
40/4142/43Aug 28$0.88$0.127.33$40.12$42.88
38/3942/43Aug 7$0.87$0.136.69$38.13$42.87
42/4243/44Aug 21$0.87$0.136.69$41.13$43.87
45/4648/48Aug 14$0.86$0.146.14$45.14$48.86
45/4650/50Aug 14$0.86$0.146.14$45.14$50.36
41/4243/44Aug 21$0.85$0.155.67$40.65$43.85
42/4346/47Aug 28$0.85$0.155.67$42.15$46.85
42/4347/48Aug 28$0.85$0.155.67$42.15$47.85
40/4143/44Aug 14$0.83$0.174.88$40.17$43.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 56 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$45.00$46.00$47.00Aug 28$0.09$0.9110.11
$50.00$51.00$52.00Aug 21$0.10$0.909.00
$47.00$48.00$49.00Aug 28$0.11$0.898.09
$42.50$43.00$43.50Jul 31$0.06$0.447.33
$47.00$47.50$48.00Aug 21$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$40.00$41.00$42.00Aug 28$0.05$0.9519.00
$37.00$38.00$39.00Aug 21$0.07$0.9313.29
$39.00$40.00$41.00Aug 14$0.08$0.9211.50
$47.00$48.00$49.00Aug 28$0.08$0.9211.50
$41.00$41.50$42.00Aug 7$0.05$0.459.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 60 found (best net $-0.05, 54 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$41.00$46.001:2Sep 4-$0.05$4.95
$47.00$50.001:2Sep 4-$0.51$2.49
$50.00$52.001:2Sep 4-$0.72$1.28
$51.00$52.001:2Jul 31-$0.06$0.94
$40.00$42.501:2Aug 21-$1.62$0.88
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$50.00$45.001:2Sep 4-$0.05$4.95
$42.00$40.001:2Sep 4-$0.77$1.23
$38.00$37.001:2Aug 14-$0.09$0.91
$37.00$36.001:2Aug 21-$0.13$0.87
$40.00$39.001:2Aug 14-$0.26$0.74

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 58 found (best yield 5.31%, avg 2.03%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$45.00Aug 28$2.340.482.1%5.31%7.40%4462
$46.00Sep 4$2.270.464.4%5.15%9.51%1--
$44.50Aug 21$2.210.500.9%5.01%5.97%28322
$45.00Aug 21$2.040.472.1%4.63%6.72%81913
$46.00Aug 28$1.970.434.4%4.47%8.82%213
$47.00Sep 4$1.910.416.6%4.33%10.96%1--
$45.50Aug 21$1.840.443.2%4.17%7.40%28
$44.50Aug 14$1.830.500.9%4.15%5.10%2--
$46.00Aug 21$1.680.414.4%3.81%8.17%786
$47.00Aug 28$1.640.396.6%3.72%10.34%--94

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 5,913
Total Puts 2,987
Put/Call Ratio 0.51
Net Difference 2,926

Prior's Put/Call Breakdown

Total Calls 5,723
Total Puts 5,318
Put/Call Ratio 0.93
Net Difference 405

Prior 7-Day Put/Call Summary

Total Calls 132,516
Total Puts 49,362
Average Put/Call Ratio 0.54
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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