Tour v388
ALGN
ALIGN TECHNOLOGY INC
$172.46 -2.84%
$172.50 (+0.02%)🌙
as of 07/22 06:29 PM
7/22 18:29

Option Volume

Detail
Current (07/22) 540
Calls: 271 (50%)
Puts: 269 (50%)
Prior (07/21) 2,560
Calls: 1,115 (44%)
Puts: 1,445 (56%)
Current vs Prior -78.91%
Calls: -75.70% (Calls)
Puts: -81.38% (Puts)
Prior 7-Day Total 8,172
Calls: 4,336 (53%)
Puts: 3,836 (47%)
Prior 7-Day Average 1,167
Calls: 619 (53%)
Puts: 548 (47%)
Current vs Prior 7-Day Avg -53.74%
Calls: -56.25%
Puts: -50.91%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/22) $361.6K
Calls: $199.3K (55%)
Puts: $162.3K (45%)
Prior (07/21) $1.43M
Calls: $725.3K (51%)
Puts: $700.9K (49%)
Current vs Prior -74.64%
Calls: -72.51%
Puts: -76.85%
Prior 7-Day Total $5.39M
Calls: $3.34M (62%)
Puts: $2.05M (38%)
Prior 7-Day Average $769.3K
Calls: $476.7K (62%)
Puts: $292.6K (38%)
Current vs Prior 7-Day Avg -53.00%
Calls: -58.18%
Puts: -44.55%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/22) 0.99
Prior (07/21) 1.30
Current vs Prior -23.41%
Prior 7-Day Average 0.97
Current vs Prior 7-Day Avg +2.56%
Sentiment NEUTRAL

Open Interest

Detail
Current (07/22) 4,077
Calls: 3,464 (85%)
Puts: 613 (15%)
Prior (07/21) 26,015
Calls: 13,713 (53%)
Puts: 12,302 (47%)
Current vs Prior -84.33%
Prior 7-Day Total 142,186
Calls: 74,173 (52%)
Puts: 68,013 (48%)
Prior 7-Day Average 20,312
Calls: 10,596 (52%)
Puts: 9,716 (48%)
Current vs Prior 7-Day Avg -79.93%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.72% | 11.16%14.18% | 17.69%
Prior 3.49% | 10.54%13.92% | 17.66%
Current vs Prior +6.57% | +5.95%+1.88% | +0.13%
Prior 7-Day Avg 4.34% | 8.23%6.75% | 16.10%
Current vs 7-Day Avg -14.18% | +35.54%+109.99% | +9.84%
Prior 7-Day Eod 3.49% | 10.54%13.92% | 17.66%
Current vs 7-Day Eod +6.57% | +5.95%+1.88% | +0.13%
Sentiment BEARISHBEARISH

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

Light premium activity with dollar volume down 75% vs prior. Below-average activity with volume down 79% vs prior. P/C ratio dropping 23% - sentiment shifting bullish. Call-heavy open interest (3,464 calls vs 613 puts) suggests bullish positioning.

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

No options available for this category

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. 15 found (avg delta 0.71, highest 0.87)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$142.00Jul 2429.6034.70$32.1515.9%40.87--
$143.00Jul 2427.3033.70$30.5021.0%60.86--
$144.00Jul 2427.6032.70$30.1516.9%20.86--
$146.00Jul 2425.3030.70$28.0019.3%30.85--
$147.00Jul 2424.4029.70$27.0519.6%30.85--
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Jul 246.909.20$8.0528.6%20.86--
$177.50Jul 245.206.80$6.0026.7%130.77--
$187.50Jul 2411.0016.50$13.7540.0%20.77--
$175.00Jul 319.4010.90$10.1514.8%30.51--

Most actively traded options today. High liquidity = easy entry/exit. 50 active (total vol 296, top 90)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$187.50Jul 240.004.80$2.40200.0%900.237
$185.00Jul 240.004.80$2.40200.0%370.2585
$143.00Jul 2427.3033.70$30.5021.0%60.86--
$192.50Jul 240.004.80$2.40200.0%50.2116
$142.00Jul 2429.6034.70$32.1515.9%40.87--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$162.50Jul 240.204.70$2.45183.7%160.244
$177.50Jul 245.206.80$6.0026.7%130.77--
$172.50Jul 318.109.60$8.8516.9%130.47--
$170.00Jul 316.808.50$7.6522.2%110.438
$170.00Aug 219.2010.40$9.8012.2%100.4319

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 64.0%, max 196.4%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Jul 24Jul 31133.9%77.7%72.2%4085
$172.50Jul 31Aug 2183.4%57.0%46.3%4--
$200.00Aug 14Aug 2161.4%57.4%7.0%3--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$155.00Jul 24Aug 21178.0%60.1%196.4%2--
$157.50Jul 31Aug 2197.0%60.0%61.9%3--
$162.50Jul 24Jul 31128.5%85.8%49.9%184
$175.00Jul 31Aug 2185.3%59.6%42.9%6--
$160.00Jul 24Aug 2179.4%58.8%35.0%1058

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 26 found (best R:R 6.58, avg 2.26)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$177.50$180.00Jul 24$0.37$2.13$0.375.76$177.87
$190.00$200.00Aug 21$1.95$8.05$1.954.13$191.95
$175.00$177.50Jul 24$0.60$1.90$0.603.17$175.60
$143.00$144.00Jul 24$0.35$0.65$0.351.86$143.35
$175.00$190.00Aug 21$5.75$9.25$5.751.61$180.75
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$167.50$165.00Jul 24$0.33$2.17$0.336.58$167.17
$155.00$150.00Jul 31$0.68$4.32$0.686.35$154.32
$170.00$167.50Jul 24$0.60$1.90$0.603.17$169.40
$160.00$157.50Aug 21$0.65$1.85$0.652.85$159.35
$162.50$160.00Jul 31$0.70$1.80$0.702.57$161.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 29 found (best R:R 4.56, avg 1.00)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$170.00$175.00Jul 24$2.55$2.55$2.451.04$172.55
$170.00$172.50Jul 31$1.15$1.15$1.350.85$171.15
$172.50$175.00Aug 21$1.15$1.15$1.350.85$173.65
$172.50$175.00Jul 31$1.10$1.10$1.400.79$173.60
$175.00$185.00Jul 31$4.27$4.27$5.730.75$179.27
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$180.00$177.50Jul 24$2.05$2.05$0.454.56$177.95
$162.50$160.00Jul 24$2.02$2.02$0.484.21$160.48
$187.50$180.00Jul 24$5.70$5.70$1.803.17$181.80
$177.50$170.00Jul 24$4.55$4.55$2.951.54$172.95
$157.50$155.00Jul 31$1.37$1.37$1.131.21$156.13

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $3.24, cheapest $0.38)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$200.00Aug 14Aug 21$0.5061.4%57.4%
$185.00Jul 24Jul 31$1.48133.9%77.7%
$172.50Jul 31Aug 21$2.7583.4%57.0%
$170.00Jul 24Jul 31$6.4050.9%83.8%
$175.00Jul 24Jul 31$6.7049.5%85.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$155.00Jul 24Jul 31$0.38178.0%88.2%
$157.50Jul 31Aug 21$1.0597.0%60.0%
$162.50Jul 24Jul 31$2.30128.5%85.8%
$175.00Jul 31Aug 21$2.3585.3%59.6%
$160.00Jul 24Jul 31$3.6279.4%87.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 9 found (cheapest 3.16% of stock, avg 8.71%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$170.00Jul 24$4.00$1.45$5.45$164.55$175.453.16%
$177.50Jul 24$0.85$6.00$6.85$170.65$184.353.97%
$180.00Jul 24$0.48$8.05$8.53$171.47$188.534.95%
$187.50Jul 24$2.40$13.75$16.15$171.35$203.659.36%
$170.00Jul 31$10.40$7.65$18.05$151.95$188.0510.47%
$172.50Jul 31$9.25$8.85$18.10$154.40$190.6010.50%
$175.00Jul 31$8.15$10.15$18.30$156.70$193.3010.61%
$165.00Aug 7$14.15$6.30$20.45$144.55$185.4511.86%
$175.00Aug 21$10.85$12.50$23.35$151.65$198.3513.54%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 47 found (cheapest 0.79% of stock, avg 4.23%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$177.50$165.00Jul 24$0.85$0.52$1.37$163.63$178.87
$177.50$167.50Jul 24$0.85$0.85$1.70$165.80$179.20
$175.00$165.00Jul 24$1.45$0.52$1.97$163.03$176.97
$175.00$167.50Jul 24$1.45$0.85$2.30$165.20$177.30
$177.50$170.00Jul 24$0.85$1.45$2.30$167.70$179.80
$175.00$170.00Jul 24$1.45$1.45$2.90$167.10$177.90
$185.00$165.00Jul 24$2.40$0.52$2.92$162.08$187.92
$187.50$165.00Jul 24$2.40$0.52$2.92$162.08$190.42
$192.50$165.00Jul 24$2.40$0.52$2.92$162.08$195.42
$185.00$167.50Jul 24$2.40$0.85$3.25$164.25$188.25

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 33 found (best R:R 21.73, avg credit $3.67)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
160/162178/180Jul 24$2.39$0.1121.73$160.11$179.89
160/162170/175Jul 24$4.57$0.4310.63$157.93$174.57
162/165170/172Jul 31$2.10$0.405.25$162.90$172.10
162/165172/175Jul 31$2.05$0.454.56$162.95$174.55
155/158172/175Aug 21$1.90$0.603.17$155.60$174.40
160/162170/172Jul 31$1.85$0.652.85$160.65$171.85
160/162172/175Jul 31$1.80$0.702.57$160.70$174.30
158/160172/175Aug 21$1.80$0.702.57$158.20$174.30
143/149175/185Jul 31$6.50$3.501.86$142.50$181.50
160/170175/190Aug 21$9.70$5.301.83$160.30$184.70

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 7 found (best R:R 49.00, cheapest $0.05)

CALLS (2)
LowMidHighExpiryDebitMax GainR:R
$170.00$172.50$175.00Jul 31$0.05$2.4549.00
$175.00$177.50$180.00Jul 24$0.23$2.279.87
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$170.00$172.50$175.00Jul 31$0.10$2.4024.00
$160.00$162.50$165.00Jul 31$0.25$2.259.00
$165.00$167.50$170.00Jul 24$0.27$2.238.26
$157.50$160.00$162.50Jul 31$0.80$1.702.12
$162.50$165.00$167.50Jul 24$2.26$0.240.11

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 22 found (best net $-1.20, 14 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$200.001:2Aug 21-$1.20$8.80
$187.50$192.501:2Jul 24-$2.40$2.60
$177.50$180.001:2Jul 24-$0.11$2.39
$175.00$177.501:2Jul 24-$0.25$2.25
$180.00$185.001:2Jul 24-$4.32$0.68
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$170.00$160.001:2Aug 21-$1.90$8.10
$187.50$180.001:2Jul 24-$2.35$5.15
$155.00$150.001:2Jul 31-$1.42$3.58
$167.50$165.001:2Jul 24-$0.19$2.31
$170.00$167.501:2Jul 24-$0.25$2.25

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 11 found (best yield 6.55%, avg 2.75%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$172.50Aug 21$11.300.540.0%6.55%6.58%2--
$175.00Aug 21$10.100.511.5%5.86%7.33%1--
$172.50Jul 31$8.700.530.0%5.04%5.07%2--
$175.00Jul 31$7.600.491.5%4.41%5.88%4200
$190.00Aug 21$4.700.3110.2%2.73%12.90%1--
$200.00Aug 21$2.800.2116.0%1.62%17.59%2--
$185.00Jul 31$2.550.317.3%1.48%8.75%3--
$200.00Aug 14$2.300.1916.0%1.33%17.30%1--
$175.00Jul 24$1.200.351.5%0.70%2.17%237
$177.50Jul 24$0.650.232.9%0.38%3.30%1--

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 271
Total Puts 269
Put/Call Ratio 0.99
Net Difference 2

Prior's Put/Call Breakdown

Total Calls 1,115
Total Puts 1,445
Put/Call Ratio 1.30
Net Difference -330

Prior 7-Day Put/Call Summary

Total Calls 4,336
Total Puts 3,836
Average Put/Call Ratio 0.97
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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