Tour v394
ALGN
ALIGN TECHNOLOGY INC
$168.24 -2.45%
$168.22 (-0.01%)🌙
as of 07/23 06:10 PM
(7/22 18:29) ◀
|
Thursday, July 23, 2026 (6:10pm)
January 2026
|
▶ (7/24 01:49)
◀ 7/23 18:10 ▶

Option Volume

Detail
ℹ
Current (07/23) 833
Calls: 317 (38%)
Puts: 516 (62%)
Prior (07/22) 540
Calls: 271 (50%)
Puts: 269 (50%)
Current vs Prior +54.26%
Calls: +16.97% (Calls)
Puts: +91.82% (Puts)
Prior 7-Day Total 7,429
Calls: 3,954 (53%)
Puts: 3,475 (47%)
Prior 7-Day Average 1,061
Calls: 564 (53%)
Puts: 496 (47%)
Current vs Prior 7-Day Avg -21.51%
Calls: -43.88%
Puts: +3.94%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23) $462.8K
Calls: $264.8K (57%)
Puts: $198.0K (43%)
Prior (07/22) $361.6K
Calls: $199.3K (55%)
Puts: $162.3K (45%)
Current vs Prior +27.99%
Calls: +32.85%
Puts: +22.01%
Prior 7-Day Total $3.92M
Calls: $2.10M (54%)
Puts: $1.82M (46%)
Prior 7-Day Average $559.8K
Calls: $300.4K (54%)
Puts: $259.4K (46%)
Current vs Prior 7-Day Avg -17.33%
Calls: -11.84%
Puts: -23.68%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 1.63
Prior (07/22) 0.99
Current vs Prior +63.99%
Prior 7-Day Average 0.97
Current vs Prior 7-Day Avg +67.51%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23) 2,074
Calls: 1,184 (57%)
Puts: 890 (43%)
Prior (07/22) 4,077
Calls: 3,464 (85%)
Puts: 613 (15%)
Current vs Prior -49.13%
Prior 7-Day Total 118,137
Calls: 63,397 (54%)
Puts: 54,740 (46%)
Prior 7-Day Average 16,876
Calls: 9,056 (54%)
Puts: 7,820 (46%)
Current vs Prior 7-Day Avg -87.71%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.01% | 11.00%13.91% | 17.53%
Prior 3.72% | 11.16%14.18% | 17.69%
Current vs Prior -19.21% | -1.49%-1.89% | -0.85%
Prior 7-Day Avg 4.18% | 8.88%8.09% | 16.39%
Current vs 7-Day Avg -28.07% | +23.88%+71.96% | +6.99%
Prior 7-Day Eod 3.72% | 11.16%14.18% | 17.69%
Current vs 7-Day Eod -19.21% | -1.49%-1.89% | -0.85%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
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

Above-average activity with volume up 54% vs prior. Extreme bearish P/C ratio of 1.63 - heavy put buying. P/C ratio rising 64% - increased hedging/bearish positioning. Declining open interest (down 49%) indicates positions being closed.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
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 1 of results (avg 9.4%, best 9.4%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$170.00Aug 2111.2012.30$11.759.4%20.5119

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. 13 found (avg delta 0.68, highest 0.93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Jul 3131.1036.20$33.6515.2%60.93--
$136.00Jul 3130.3035.60$32.9516.1%60.88--
$165.00Jul 242.305.70$4.0085.0%10.75--
$165.00Jul 319.6011.30$10.4516.3%10.59--
$167.50Jul 240.053.60$1.83194.0%70.531
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Jul 2423.3031.10$27.2028.7%30.81--
$180.00Jul 2410.6015.30$12.9536.3%30.7438
$177.50Jul 247.4012.80$10.1053.5%10.72--
$175.00Jul 244.8010.40$7.6073.7%10.69--
$180.00Aug 1416.4018.20$17.3010.4%10.64--

Most actively traded options today. High liquidity = easy entry/exit. 42 active (total vol 507, top 104)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$175.00Jul 240.055.20$2.63195.8%1000.3135
$177.50Jul 240.004.80$2.40200.0%400.2718
$190.00Aug 213.204.10$3.6524.7%340.2496
$200.00Aug 211.802.70$2.2540.0%230.16225
$190.00Jul 311.602.50$2.0543.9%130.19--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$165.00Jul 316.507.80$7.1518.2%1040.4115
$140.00Jul 310.302.10$1.20150.0%1020.103
$165.00Jul 240.451.40$0.93102.2%110.2961
$150.00Aug 213.904.40$4.1512.0%50.23--
$180.00Jul 2410.6015.30$12.9536.3%30.7438

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 91.4%, max 223.7%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$180.00Jul 24Aug 7198.7%68.9%188.3%487
$175.00Jul 24Jul 31162.4%86.2%88.4%102236
$190.00Jul 31Sep 486.1%54.9%56.9%15--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$180.00Jul 24Aug 14198.7%61.4%223.7%438
$157.50Jul 31Aug 2191.1%55.8%63.2%32
$140.00Jul 31Aug 21101.5%63.4%60.1%1033
$145.00Aug 28Sep 471.4%52.2%36.7%4--
$165.00Jul 24Aug 2158.3%51.3%13.7%1373

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 21 found (best R:R 9.87, avg 2.93)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$175.00$177.50Jul 24$0.23$2.27$0.239.87$175.23
$190.00$200.00Aug 21$1.40$8.60$1.406.14$191.40
$180.00$190.00Jul 31$2.15$7.85$2.153.65$182.15
$180.00$190.00Aug 7$2.17$7.83$2.173.61$182.17
$175.00$180.00Jul 31$1.55$3.45$1.552.23$176.55
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$165.00$160.00Jul 24$0.60$4.40$0.607.33$164.40
$150.00$140.00Aug 21$1.75$8.25$1.754.71$148.25
$157.50$140.00Jul 31$3.15$14.35$3.154.56$154.35
$157.50$150.00Aug 21$2.15$5.35$2.152.49$155.35
$160.00$157.50Jul 31$0.80$1.70$0.802.12$159.20

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 25 found (best R:R 19.00, avg 1.75)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$165.00$167.50Jul 24$2.17$2.17$0.336.58$167.17
$136.00$165.00Jul 31$22.50$22.50$6.503.46$158.50
$135.00$136.00Jul 31$0.70$0.70$0.302.33$135.70
$165.00$170.00Jul 31$2.55$2.55$2.451.04$167.55
$170.00$175.00Jul 31$2.15$2.15$2.850.75$172.15
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$195.00$180.00Jul 24$14.25$14.25$0.7519.00$180.75
$175.00$165.00Jul 24$6.67$6.67$3.332.00$168.33
$170.00$165.00Aug 21$2.90$2.90$2.101.38$167.10
$172.50$167.50Jul 31$2.15$2.15$2.850.75$170.35
$162.50$160.00Jul 31$1.05$1.05$1.450.72$161.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 11 found (avg debit $4.31, cheapest $0.68)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$190.00Jul 31Aug 7$0.6886.1%70.0%
$180.00Jul 24Jul 31$1.80198.7%86.5%
$175.00Jul 24Jul 31$3.12162.4%86.2%
$165.00Jul 24Jul 31$6.4558.3%89.0%
$170.00Jul 24Jul 31$7.0254.2%87.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$140.00Jul 31Aug 21$1.20101.5%63.4%
$157.50Jul 31Aug 21$1.9591.1%55.8%
$180.00Jul 24Aug 14$4.35198.7%61.4%
$160.00Jul 24Jul 31$4.8274.8%90.1%
$165.00Jul 24Jul 31$6.2258.3%89.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 5 found (cheapest 2.93% of stock, avg 7.20%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$165.00Jul 24$4.00$0.93$4.93$160.07$169.932.93%
$175.00Jul 24$2.63$7.60$10.23$164.77$185.236.08%
$177.50Jul 24$2.40$10.10$12.50$165.00$190.007.43%
$180.00Jul 24$2.40$12.95$15.35$164.65$195.359.12%
$165.00Jul 31$10.45$7.15$17.60$147.40$182.6010.46%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 40 found (cheapest 0.72% of stock, avg 5.00%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$170.00$160.00Jul 24$0.88$0.33$1.21$158.79$171.21
$170.00$165.00Jul 24$0.88$0.93$1.81$163.19$171.81
$177.50$160.00Jul 24$2.40$0.33$2.73$157.27$180.23
$180.00$160.00Jul 24$2.40$0.33$2.73$157.27$182.73
$185.00$160.00Jul 24$2.40$0.33$2.73$157.27$187.73
$175.00$160.00Jul 24$2.63$0.33$2.96$157.04$177.96
$177.50$165.00Jul 24$2.40$0.93$3.33$161.67$180.83
$180.00$165.00Jul 24$2.40$0.93$3.33$161.67$183.33
$185.00$165.00Jul 24$2.40$0.93$3.33$161.67$188.33
$175.00$165.00Jul 24$2.63$0.93$3.56$161.44$178.56

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 29 found (best R:R 2.85, avg credit $4.09)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
168/172175/180Jul 31$3.70$1.302.85$168.80$178.70
160/162165/170Jul 31$3.60$1.402.57$158.90$168.60
158/160165/170Jul 31$3.35$1.652.03$156.65$168.35
160/162170/175Jul 31$3.20$1.801.78$159.30$173.20
165/168170/175Jul 31$3.15$1.851.70$164.35$173.15
162/165170/175Jul 31$3.10$1.901.63$161.90$173.10
158/160170/175Jul 31$2.95$2.051.44$157.05$172.95
160/162175/180Jul 31$2.60$2.401.08$159.90$177.60
165/168175/180Jul 31$2.55$2.451.04$164.95$177.55
162/165175/180Jul 31$2.50$2.501.00$162.50$177.50

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 8 found (best R:R 49.00, cheapest $0.05)

CALLS (4)
LowMidHighExpiryDebitMax GainR:R
$165.00$170.00$175.00Jul 31$0.40$4.6011.50
$175.00$177.50$180.00Jul 24$0.23$2.279.87
$170.00$175.00$180.00Jul 31$0.60$4.407.33
$165.00$167.50$170.00Jul 24$1.22$1.281.05
PUTS (4)
LowMidHighExpiryDebitMax GainR:R
$162.50$165.00$167.50Jul 31$0.05$2.4549.00
$150.00$157.50$165.00Aug 21$0.40$7.1017.75
$157.50$160.00$162.50Jul 31$0.25$2.259.00
$175.00$177.50$180.00Jul 24$0.35$2.156.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 20 found (best net $-0.56, 11 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$180.00$190.001:2Aug 7-$0.56$9.44
$190.00$200.001:2Aug 21-$0.85$9.15
$180.00$185.001:2Jul 24-$2.40$2.60
$175.00$180.001:2Jul 31-$2.65$2.35
$170.00$175.001:2Jul 31-$3.60$1.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$150.00$140.001:2Aug 21-$0.65$9.35
$157.50$150.001:2Aug 21-$2.00$5.50
$165.00$157.501:2Aug 21-$3.75$3.75
$157.50$140.001:2Jul 31$1.95$15.55
$195.00$180.001:2Jul 24$1.30$13.70

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 10 found (best yield 4.16%, avg 1.96%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$170.00Jul 31$7.000.491.1%4.16%5.21%23
$175.00Jul 31$5.100.404.0%3.03%7.05%2201
$180.00Aug 7$4.200.347.0%2.50%9.49%314
$180.00Jul 31$3.600.327.0%2.14%9.13%610
$190.00Aug 28$3.600.2712.9%2.14%15.07%2--
$190.00Aug 21$3.200.2412.9%1.90%14.84%3496
$190.00Aug 7$2.250.2112.9%1.34%14.27%5--
$200.00Aug 21$1.800.1618.9%1.07%19.95%23225
$190.00Jul 31$1.600.1912.9%0.95%13.88%13--
$190.00Sep 4$0.700.2812.9%0.42%13.35%2--

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 317
Total Puts 516
Put/Call Ratio 1.63
Net Difference -199

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 3,954
Total Puts 3,475
Average Put/Call Ratio 0.97
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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