Tour v396
ADBE
ADOBE INC
$225.11 +6.10%
$225.00 (-0.05%)🌙
as of 07/25 01:47 AM
7/24 01:47

Option Volume

Detail
Current (07/25) 49,408
Calls: 35,168 (71%)
Puts: 14,240 (29%)
Prior (07/23) 38,497
Calls: 19,922 (52%)
Puts: 18,575 (48%)
Current vs Prior +28.34%
Calls: +76.53% (Calls)
Puts: -23.34% (Puts)
Prior 7-Day Total 247,992
Calls: 167,861 (68%)
Puts: 80,131 (32%)
Prior 7-Day Average 41,332
Calls: 23,980 (68%)
Puts: 11,447 (32%)
Current vs Prior 7-Day Avg +19.54%
Calls: +46.65%
Puts: +24.40%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/25) $39.32M
Calls: $20.26M (52%)
Puts: $19.05M (48%)
Prior (07/23) $85.09M
Calls: $15.65M (18%)
Puts: $69.44M (82%)
Current vs Prior -53.80%
Calls: +29.45%
Puts: -72.56%
Prior 7-Day Total $292.77M
Calls: $129.49M (44%)
Puts: $163.29M (56%)
Prior 7-Day Average $48.80M
Calls: $18.50M (44%)
Puts: $23.33M (56%)
Current vs Prior 7-Day Avg -19.43%
Calls: +9.53%
Puts: -18.32%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/25) 0.40
Prior (07/23) 0.93
Current vs Prior -56.57%
Prior 7-Day Average 0.58
Current vs Prior 7-Day Avg -30.50%
Sentiment BULLISH

Open Interest

Detail
Current (07/25) 384,232
Calls: 258,188 (67%)
Puts: 126,044 (33%)
Prior (07/23) 665,172
Calls: 432,441 (65%)
Puts: 232,731 (35%)
Current vs Prior -42.24%
Prior 7-Day Total 3,791,109
Calls: 2,507,663 (66%)
Puts: 1,283,446 (34%)
Prior 7-Day Average 631,851
Calls: 417,943 (66%)
Puts: 213,907 (34%)
Current vs Prior 7-Day Avg -39.19%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 5.86% | 8.01%10.85% | 17.37%
Prior 2.68% | 6.08%10.98% | 17.04%
Current vs Prior +118.65% | +31.73%-1.18% | +1.97%
Prior 7-Day Avg 4.46% | 7.19%8.70% | 15.89%
Current vs 7-Day Avg +31.58% | +11.41%+24.74% | +9.36%
Prior 7-Day Eod 2.68% | 6.08%10.98% | 17.04%
Current vs 7-Day Eod +118.65% | +31.73%-1.18% | +1.97%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 23.39% | 23.14%
Calls: 29.23% | 24.34%
Puts: 17.56% | 21.95%
Prior 23.39% | 23.14%
Calls: 29.23% | 24.34%
Puts: 17.56% | 21.95%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 19.20% | 18.64%
Calls: 22.14% | 18.38%
Puts: 16.26% | 18.90%
Current vs 7-Day Avg +21.82% | +24.17%
Liquidity Expensive
+
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🤖 AI Insights

Light premium activity with dollar volume down 54% vs prior. Extreme bullish P/C ratio of 0.40 - heavy call buying (35,168 calls vs 14,240 puts). P/C ratio dropping 57% - sentiment shifting bullish. Call-heavy open interest (258,188 calls vs 126,044 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 BEARISH
7-Day Avg BEARISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
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 45 of results (avg 7.7%, best 3.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Aug 2111.7012.15$11.933.8%5310.521.2K
$222.50Aug 2112.8513.45$13.154.6%110.5646
$227.50Aug 2110.5011.00$10.754.7%90.4954
$225.00Jul 315.856.15$6.005.0%3340.51502
$227.50Jul 314.755.00$4.885.1%5160.45356
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Aug 218.408.95$8.686.3%310.411.0K
$245.00Aug 1422.4524.00$23.236.7%10.74--
$207.50Jul 310.700.75$0.736.8%1080.10243
$225.00Jul 315.606.00$5.806.9%1040.49650
$235.00Aug 2116.0517.20$16.636.9%60.60269

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.62, cheapest $0.51)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Jul 310.460.55$0.5117.6%1.7K0.07890
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Jul 310.700.75$0.736.8%1080.10243

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 86 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Jul 2435.9544.15$40.0520.5%501.00--
$195.00Jul 2426.6032.85$29.7321.0%21.00169
$200.00Jul 2422.3527.50$24.9320.7%941.0060
$205.00Jul 2417.3522.50$19.9325.8%261.00391
$207.50Jul 2414.0521.65$17.8542.6%841.0021
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Jul 2420.8528.50$24.6831.0%11.00--
$265.00Jul 2435.8544.05$39.9520.5%21.00--
$240.00Jul 2411.0518.50$14.7850.4%71.0032
$230.00Jul 240.847.60$4.22160.2%90.994
$232.50Jul 243.1010.05$6.58105.6%10.995

Most actively traded options today. High liquidity = easy entry/exit. 264 active (total vol 32.1K, top 3.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Jul 240.280.55$0.4264.3%3.2K0.53547
$227.50Jul 240.000.12$0.06200.0%1.7K0.08324
$250.00Jul 310.460.55$0.5117.6%1.7K0.07890
$220.00Jul 244.257.20$5.7351.5%1.3K1.00478
$230.00Jul 313.754.05$3.907.7%9720.39354
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Jul 240.240.46$0.3562.9%2.0K0.4744
$222.50Jul 240.000.02$0.01200.0%1.2K0.021.1K
$217.50Jul 240.000.01$0.01100.0%1.1K0.01630
$220.00Jul 240.000.02$0.01200.0%1.0K0.011.4K
$200.00Sep 43.555.05$4.3034.9%5000.20107

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 53 strikes (avg 778.1%, max 2961.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$270.00Jul 24Sep 41259.7%46.4%2616.5%9549
$185.00Jul 24Aug 71011.5%57.7%1653.2%100--
$265.00Jul 24Aug 28720.0%46.4%1450.8%1511
$257.50Jul 24Aug 21645.9%45.0%1334.1%18416
$195.00Jul 24Aug 7647.9%48.4%1238.2%7169
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$202.50Jul 24Aug 71461.1%47.7%2961.2%96144
$197.50Jul 24Aug 71409.8%48.2%2823.8%108359
$190.00Jul 24Sep 4885.4%45.1%1864.8%11708
$265.00Jul 24Aug 28720.0%46.4%1450.8%4--
$192.50Jul 24Jul 31985.4%66.2%1388.4%1058

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 158 found (best R:R 40.67, avg 5.22)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$240.00$245.00Aug 28$0.12$4.88$0.1240.67$240.12
$265.00$270.00Aug 28$0.12$4.88$0.1240.67$265.12
$265.00$270.00Aug 14$0.18$4.82$0.1826.78$265.18
$260.00$265.00Aug 7$0.21$4.79$0.2122.81$260.21
$250.00$252.50Jul 31$0.11$2.39$0.1121.73$250.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$185.00Aug 14$0.12$4.88$0.1240.67$189.88
$190.00$185.00Aug 7$0.17$4.83$0.1728.41$189.83
$200.00$197.50Aug 7$0.12$2.38$0.1219.83$199.88
$190.00$185.00Aug 21$0.31$4.69$0.3115.13$189.69
$207.50$205.00Jul 31$0.17$2.33$0.1713.71$207.33

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 195 found (best R:R 27.57, avg 1.62)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$185.00$195.00Aug 7$9.65$9.65$0.3527.57$194.65
$195.00$200.00Jul 24$4.80$4.80$0.2024.00$199.80
$195.00$200.00Jul 31$4.68$4.68$0.3214.62$199.68
$190.00$195.00Jul 31$4.62$4.62$0.3812.16$194.62
$217.50$220.00Aug 7$2.23$2.23$0.278.26$219.73
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$232.50$230.00Jul 24$2.36$2.36$0.1416.86$230.14
$270.00$260.00Aug 21$8.75$8.75$1.257.00$261.25
$225.00$222.50Aug 21$2.13$2.13$0.375.76$222.87
$202.50$200.00Jul 24$2.12$2.12$0.385.58$200.38
$265.00$250.00Aug 28$12.52$12.52$2.485.05$252.48

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 48 found (avg debit $1.88, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$265.00Jul 24Jul 31$0.08720.0%54.1%
$260.00Jul 24Jul 31$0.15643.4%52.8%
$257.50Jul 24Jul 31$0.19645.9%51.8%
$262.50Jul 24Jul 31$0.20682.0%58.5%
$255.00Jul 24Jul 31$0.27564.5%51.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$190.00Jul 24Jul 31$0.13885.4%62.2%
$195.00Jul 24Jul 31$0.17647.9%55.1%
$185.00Jul 31Aug 7$0.1971.2%57.7%
$192.50Jul 24Jul 31$0.24985.4%66.2%
$200.00Jul 24Jul 31$0.38542.4%54.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 84 found (cheapest 0.34% of stock, avg 9.93%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$225.00Jul 24$0.42$0.35$0.77$224.23$225.770.34%
$227.50Jul 24$0.06$3.09$3.15$224.35$230.651.40%
$222.50Jul 24$4.05$0.01$4.06$218.44$226.561.80%
$230.00Jul 24$0.01$4.22$4.23$225.77$234.231.88%
$220.00Jul 24$5.73$0.01$5.74$214.26$225.742.55%
$232.50Jul 24$0.01$6.58$6.59$225.91$239.092.93%
$217.50Jul 24$8.93$0.01$8.94$208.56$226.443.97%
$215.00Jul 24$9.93$0.01$9.94$205.06$224.944.42%
$225.00Jul 31$6.00$5.80$11.80$213.20$236.805.24%
$222.50Jul 31$7.45$4.58$12.03$210.47$234.535.34%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 156 found (cheapest 0.18% of stock, avg 5.79%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$227.50$225.00Jul 24$0.06$0.35$0.41$224.59$227.91
$237.50$225.00Jul 24$0.26$0.35$0.61$224.39$238.11
$227.50$197.50Jul 24$0.06$1.19$1.25$196.25$228.75
$237.50$197.50Jul 24$0.26$1.19$1.45$196.05$238.95
$227.50$202.50Jul 24$0.06$2.13$2.19$200.31$229.69
$237.50$202.50Jul 24$0.26$2.13$2.39$200.11$239.89
$237.50$215.00Jul 31$1.82$2.00$3.82$211.18$241.32
$235.00$215.00Jul 31$2.35$2.00$4.35$210.65$239.35
$237.50$217.50Jul 31$1.82$2.83$4.65$212.85$242.15
$232.50$215.00Jul 31$3.07$2.00$5.07$209.93$237.57

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 381 found (best R:R 34.71, avg credit $2.75)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
190/192195/200Jul 31$4.86$0.1434.71$187.64$199.86
195/200210/215Aug 21$4.81$0.1925.32$195.19$214.81
210/215225/230Aug 28$4.80$0.2024.00$210.20$229.80
210/212222/225Aug 21$2.37$0.1318.23$210.13$224.87
185/190200/205Aug 21$4.73$0.2717.52$185.27$204.73
198/200218/220Aug 7$2.35$0.1515.67$197.65$219.85
205/208210/212Aug 7$2.33$0.1713.71$205.17$212.33
210/212215/218Aug 21$2.33$0.1713.71$210.17$217.33
210/212225/228Aug 21$2.33$0.1713.71$210.17$227.33
200/205245/250Sep 4$4.66$0.3413.71$200.34$249.66

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 108 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$230.00$235.00$240.00Sep 4$0.05$4.9599.00
$260.00$265.00$270.00Aug 21$0.08$4.9261.50
$240.00$245.00$250.00Aug 14$0.12$4.8840.67
$252.50$255.00$257.50Aug 7$0.08$2.4230.25
$245.00$250.00$255.00Aug 14$0.17$4.8328.41
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$205.00$210.00$215.00Aug 14$0.07$4.9370.43
$210.00$212.50$215.00Jul 31$0.06$2.4440.67
$195.00$200.00$205.00Aug 21$0.13$4.8737.46
$215.00$220.00$225.00Aug 28$0.13$4.8737.46
$225.00$230.00$235.00Aug 28$0.13$4.8737.46

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 139 found (best net $-1.96, 126 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$205.00$220.001:2Aug 14-$2.63$12.37
$260.00$270.001:2Sep 4-$0.68$9.32
$200.00$210.001:2Jul 31-$4.90$5.10
$260.00$265.001:2Aug 7-$0.32$4.68
$265.00$270.001:2Aug 7-$0.47$4.53
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$250.00$235.001:2Aug 7-$1.96$13.04
$267.50$250.001:2Jul 31-$5.66$11.84
$250.00$235.001:2Aug 28-$7.50$7.50
$265.00$250.001:2Jul 24-$9.41$5.59
$250.00$240.001:2Jul 24-$4.88$5.12

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 68 found (best yield 4.73%, avg 1.61%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Aug 28$10.650.472.2%4.73%6.90%38295
$227.50Aug 21$10.500.491.1%4.66%5.73%954
$230.00Aug 21$9.250.462.2%4.11%6.28%551.4K
$232.50Aug 21$8.450.433.3%3.75%7.04%3127
$235.00Sep 4$8.450.434.4%3.75%8.15%11--
$230.00Sep 4$8.400.472.2%3.73%5.90%11
$235.00Aug 28$8.100.424.4%3.60%7.99%13287
$230.00Aug 14$7.950.452.2%3.53%5.70%30348
$240.00Sep 4$7.650.396.6%3.40%10.01%9--
$235.00Aug 21$7.500.404.4%3.33%7.73%2001.3K

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 35,168
Total Puts 14,240
Put/Call Ratio 0.40
Net Difference 20,928

Prior's Put/Call Breakdown

Total Calls 19,922
Total Puts 18,575
Put/Call Ratio 0.93
Net Difference 1,347

Prior 7-Day Put/Call Summary

Total Calls 167,861
Total Puts 80,131
Average Put/Call Ratio 0.58
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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