Tour v366
ALGN
ALIGN TECHNOLOGY INC
$175.05 -0.97%
$174.75 (-0.17%)🌙
as of 07/20 06:08 PM
7/20 18:08

Option Volume

Detail
Current (07/20) 1,049
Calls: 628 (60%)
Puts: 421 (40%)
Prior (07/17) 1,787
Calls: 1,077 (60%)
Puts: 710 (40%)
Current vs Prior -41.30%
Calls: -41.69% (Calls)
Puts: -40.70% (Puts)
Prior 7-Day Total 5,980
Calls: 3,340 (56%)
Puts: 2,640 (44%)
Prior 7-Day Average 854
Calls: 477 (56%)
Puts: 377 (44%)
Current vs Prior 7-Day Avg +22.79%
Calls: +31.62%
Puts: +11.63%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/20) $436.1K
Calls: $242.3K (56%)
Puts: $193.8K (44%)
Prior (07/17) $460.5K
Calls: $179.1K (39%)
Puts: $281.4K (61%)
Current vs Prior -5.28%
Calls: +35.32%
Puts: -31.13%
Prior 7-Day Total $4.24M
Calls: $2.83M (67%)
Puts: $1.41M (33%)
Prior 7-Day Average $606.3K
Calls: $404.2K (67%)
Puts: $202.0K (33%)
Current vs Prior 7-Day Avg -28.06%
Calls: -40.05%
Puts: -4.07%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/20) 0.67
Prior (07/17) 0.66
Current vs Prior +1.69%
Prior 7-Day Average 0.95
Current vs Prior 7-Day Avg -29.12%
Sentiment BULLISH

Open Interest

Detail
Current (07/20) 25,444
Calls: 13,355 (52%)
Puts: 12,089 (48%)
Prior (07/17) 28,889
Calls: 14,753 (51%)
Puts: 14,136 (49%)
Current vs Prior -11.92%
Prior 7-Day Total 150,564
Calls: 76,266 (51%)
Puts: 74,298 (49%)
Prior 7-Day Average 21,509
Calls: 10,895 (51%)
Puts: 10,614 (49%)
Current vs Prior 7-Day Avg +18.29%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 4.83% | 11.71%14.25% | 17.99%
Prior 5.29% | 11.68%2.34% | 15.33%
Current vs Prior -8.74% | +0.24%+510.02% | +17.37%
Prior 7-Day Avg 4.41% | 6.92%4.32% | 15.71%
Current vs 7-Day Avg +9.54% | +69.29%+229.81% | +14.58%
Prior 7-Day Eod 5.29% | 11.68%2.34% | 15.33%
Current vs 7-Day Eod -8.74% | +0.24%+510.02% | +17.37%
Sentiment BULLISHBEARISH

Relative Spread

Detail
Expiry | Next
Current 61.23% | 66.57%
Calls: 38.20% | 73.68%
Puts: 84.26% | 59.46%
Prior 61.23% | 66.57%
Calls: 38.20% | 73.68%
Puts: 84.26% | 59.46%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 61.23% | 66.57%
Calls: 38.20% | 73.68%
Puts: 84.26% | 59.46%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Below-average activity with volume down 41% vs prior. Bullish P/C ratio of 0.67.

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 BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
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 1 of results (avg 8.4%, best 8.4%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Aug 2113.6014.80$14.208.5%--0.5337

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. 14 found (avg delta 0.62, highest 0.86)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$146.00Jul 2425.4032.60$29.0024.8%10.86--
$147.00Jul 2424.5031.70$28.1025.6%10.86--
$167.50Jul 247.0011.60$9.3049.5%20.801
$170.00Aug 2113.5015.70$14.6015.1%30.6019
$175.00Aug 2111.2012.90$12.0514.1%--0.5311
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Jul 246.207.00$6.6012.1%--0.6937
$177.50Jul 244.405.10$4.7514.7%50.5915
$185.00Aug 2116.5018.30$17.4010.3%--0.5944
$180.00Aug 711.9013.60$12.7513.3%--0.5511
$180.00Aug 1412.9014.30$13.6010.3%--0.5417

Most actively traded options today. High liquidity = easy entry/exit. 42 active (total vol 890, top 97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$182.50Jul 240.951.50$1.2344.7%860.234
$195.00Aug 213.905.10$4.5026.7%760.2872
$195.00Aug 143.805.00$4.4027.3%750.281
$190.00Aug 215.506.60$6.0518.2%590.3452
$200.00Aug 142.903.70$3.3024.2%580.222
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Aug 214.805.80$5.3018.9%970.278
$160.00Aug 144.305.50$4.9024.5%960.26--
$155.00Aug 213.405.50$4.4547.2%570.2210
$155.00Aug 143.004.30$3.6535.6%560.211
$160.00Jul 312.904.50$3.7043.2%220.24604

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 41.4%, max 114.6%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$195.00Jul 24Aug 21118.3%55.1%114.6%76101
$192.50Jul 24Jul 31112.0%79.9%40.1%118
$200.00Jul 31Aug 2175.1%56.5%33.0%59134
$210.00Jul 31Aug 2173.4%56.1%30.7%--113
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Jul 24Aug 2871.2%55.2%29.0%251
$155.00Jul 24Aug 2871.7%58.1%23.4%560
$160.00Jul 24Aug 2167.4%56.7%18.9%101214

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 48 found (best R:R 28.41, avg 4.16)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$192.50$195.00Jul 24$0.13$2.37$0.1318.23$192.63
$190.00$200.00Aug 7$1.18$8.82$1.187.47$191.18
$187.50$190.00Jul 24$0.30$2.20$0.307.33$187.80
$200.00$210.00Aug 21$1.55$8.45$1.555.45$201.55
$195.00$200.00Aug 21$0.80$4.20$0.805.25$195.80
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$155.00$150.00Jul 24$0.17$4.83$0.1728.41$154.83
$165.00$160.00Jul 24$0.24$4.76$0.2419.83$164.76
$160.00$155.00Jul 24$0.28$4.72$0.2816.86$159.72
$150.00$145.00Aug 21$0.52$4.48$0.528.62$149.48
$160.00$155.00Aug 21$0.85$4.15$0.854.88$159.15

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 52 found (best R:R 11.06, avg 0.98)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$147.00$167.50Jul 24$18.80$18.80$1.7011.06$165.80
$146.00$147.00Jul 24$0.90$0.90$0.109.00$146.90
$167.50$175.00Jul 24$5.60$5.60$1.902.95$173.10
$170.00$175.00Aug 21$2.55$2.55$2.451.04$172.55
$180.00$182.50Jul 31$1.20$1.20$1.300.92$181.20
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$180.00$177.50Jul 24$1.85$1.85$0.652.85$178.15
$185.00$180.00Aug 21$3.20$3.20$1.801.78$181.80
$177.50$175.00Jul 24$1.40$1.40$1.101.27$176.10
$180.00$175.00Aug 7$2.55$2.55$2.451.04$177.45
$165.00$160.00Aug 21$2.55$2.55$2.451.04$162.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $4.00, cheapest $0.92)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$200.00Jul 31Aug 7$0.9275.1%67.7%
$192.50Jul 24Jul 31$1.17112.0%79.9%
$210.00Jul 31Aug 21$1.3273.4%56.1%
$195.00Jul 24Aug 14$2.00118.3%61.1%
$190.00Jul 24Jul 31$4.1255.2%81.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$155.00Jul 24Jul 31$1.4871.7%71.2%
$150.00Jul 24Aug 14$2.5571.2%64.3%
$160.00Jul 24Jul 31$3.1767.4%81.2%
$165.00Jul 24Jul 31$4.3356.4%79.2%
$180.00Jul 24Aug 7$6.1549.1%67.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 8 found (cheapest 4.03% of stock, avg 10.11%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$175.00Jul 24$3.70$3.35$7.05$167.95$182.054.03%
$177.50Jul 24$2.58$4.75$7.33$170.17$184.834.19%
$180.00Jul 24$1.73$6.60$8.33$171.67$188.334.76%
$180.00Aug 7$8.30$12.75$21.05$158.95$201.0512.03%
$175.00Aug 21$12.05$11.70$23.75$151.25$198.7513.57%
$180.00Aug 21$9.90$14.20$24.10$155.90$204.1013.77%
$170.00Aug 21$14.60$9.75$24.35$145.65$194.3513.91%
$185.00Aug 21$8.20$17.40$25.60$159.40$210.6014.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 82 found (cheapest 1.14% of stock, avg 5.36%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$182.50$165.00Jul 24$1.23$0.77$2.00$163.00$184.50
$180.00$165.00Jul 24$1.73$0.77$2.50$162.50$182.50
$182.50$170.00Jul 24$1.23$1.63$2.86$167.14$185.36
$195.00$165.00Jul 24$2.40$0.77$3.17$161.83$198.17
$192.50$165.00Jul 24$2.53$0.77$3.30$161.70$195.80
$177.50$165.00Jul 24$2.58$0.77$3.35$161.65$180.85
$180.00$170.00Jul 24$1.73$1.63$3.36$166.64$183.36
$182.50$172.50Jul 24$1.23$2.33$3.56$168.94$186.06
$182.50$149.00Jul 24$1.23$2.40$3.63$145.37$186.13
$195.00$170.00Jul 24$2.40$1.63$4.03$165.97$199.03

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 117 found (best R:R 19.00, avg credit $2.73)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
180/185190/195Aug 21$4.75$0.2519.00$180.25$194.75
160/165175/180Aug 21$4.70$0.3015.67$160.30$179.70
160/165185/190Aug 21$4.70$0.3015.67$160.30$189.70
175/180185/190Aug 21$4.65$0.3513.29$175.35$189.65
178/180182/185Jul 24$2.31$0.1912.16$177.69$184.81
165/168180/182Jul 31$2.30$0.2011.50$165.20$182.30
178/180188/190Jul 24$2.15$0.356.14$177.85$189.65
150/155170/175Aug 21$4.25$0.755.67$150.75$174.25
160/165180/185Aug 21$4.25$0.755.67$160.75$184.25
160/165190/195Aug 21$4.10$0.904.56$160.90$194.10

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 21 found (best R:R 44.45, cheapest $0.11)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$192.50$195.00$197.50Jul 24$0.13$2.3718.23
$170.00$175.00$180.00Aug 21$0.40$4.6011.50
$175.00$180.00$185.00Aug 21$0.45$4.5510.11
$175.00$177.50$180.00Jul 24$0.27$2.238.26
$185.00$190.00$195.00Aug 21$0.60$4.407.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$150.00$155.00$160.00Jul 24$0.11$4.8944.45
$150.00$155.00$160.00Aug 14$0.23$4.7720.74
$170.00$175.00$180.00Aug 21$0.55$4.458.09
$160.00$165.00$170.00Jul 24$0.62$4.387.06
$170.00$172.50$175.00Jul 24$0.32$2.186.81

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 41 found (best net $-0.60, 30 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$200.00$210.001:2Aug 21-$0.60$9.40
$190.00$200.001:2Aug 7-$1.67$8.33
$192.50$200.001:2Jul 31-$0.16$7.34
$195.00$200.001:2Aug 14-$2.20$2.80
$197.50$202.501:2Jul 24-$2.40$2.60
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$165.00$160.001:2Jul 24-$0.29$4.71
$155.00$150.001:2Aug 21-$1.05$3.95
$155.00$150.001:2Aug 28-$1.40$3.60
$155.00$150.001:2Aug 14-$1.61$3.39
$150.00$145.001:2Aug 21-$1.71$3.29

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 23 found (best yield 5.03%, avg 1.99%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$180.00Aug 21$8.800.472.8%5.03%7.85%--19
$180.00Aug 7$7.400.452.8%4.23%7.06%--12
$185.00Aug 21$7.200.415.7%4.11%9.80%222
$180.00Jul 31$6.800.452.8%3.88%6.71%110
$182.50Jul 31$5.700.414.3%3.26%7.51%31
$190.00Aug 21$5.500.348.5%3.14%11.68%5952
$185.00Jul 31$5.100.375.7%2.91%8.60%29
$195.00Aug 21$3.900.2811.4%2.23%13.62%7672
$195.00Aug 14$3.800.2811.4%2.17%13.57%751
$190.00Jul 31$3.700.318.5%2.11%10.65%16124

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 628
Total Puts 421
Put/Call Ratio 0.67
Net Difference 207

Prior's Put/Call Breakdown

Total Calls 1,077
Total Puts 710
Put/Call Ratio 0.66
Net Difference 367

Prior 7-Day Put/Call Summary

Total Calls 3,340
Total Puts 2,640
Average Put/Call Ratio 0.95
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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