Tour v422
ALGN
ALIGN TECHNOLOGY INC
$168.05 +0.62%
$168.25 (+0.12%)🌙
as of 07/27 06:10 PM
7/27 18:10

Option Volume

Detail
Current (07/27) 1,197
Calls: 171 (14%)
Puts: 1,026 (86%)
Prior (07/24) 579
Calls: 434 (75%)
Puts: 145 (25%)
Current vs Prior +106.74%
Calls: -60.60% (Calls)
Puts: +607.59% (Puts)
Prior 7-Day Total 7,868
Calls: 3,992 (51%)
Puts: 3,876 (49%)
Prior 7-Day Average 1,124
Calls: 570 (51%)
Puts: 553 (49%)
Current vs Prior 7-Day Avg +6.49%
Calls: -70.02%
Puts: +85.29%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/27) $1.02M
Calls: $165.5K (16%)
Puts: $858.3K (84%)
Prior (07/24) $402.2K
Calls: $324.5K (81%)
Puts: $77.7K (19%)
Current vs Prior +154.51%
Calls: -49.01%
Puts: +1004.27%
Prior 7-Day Total $3.90M
Calls: $2.01M (52%)
Puts: $1.89M (48%)
Prior 7-Day Average $556.6K
Calls: $286.7K (52%)
Puts: $269.9K (48%)
Current vs Prior 7-Day Avg +83.93%
Calls: -42.28%
Puts: +218.01%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/27) 6.00
Prior (07/24) 0.33
Current vs Prior +1695.86%
Prior 7-Day Average 1.15
Current vs Prior 7-Day Avg +421.95%
Sentiment BEARISH

Open Interest

Detail
Current (07/27) 2,799
Calls: 864 (31%)
Puts: 1,935 (69%)
Prior (07/24) 1,195
Calls: 907 (76%)
Puts: 288 (24%)
Current vs Prior +134.23%
Prior 7-Day Total 116,572
Calls: 62,113 (53%)
Puts: 54,459 (47%)
Prior 7-Day Average 16,653
Calls: 8,873 (53%)
Puts: 7,779 (47%)
Current vs Prior 7-Day Avg -83.19%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 12.05% | 12.76%14.46% | 18.45%
Prior 11.05% | 11.94%13.92% | 17.42%
Current vs Prior +9.08% | +6.86%+3.88% | +5.88%
Prior 7-Day Avg 4.95% | 10.52%10.83% | 16.97%
Current vs 7-Day Avg +143.21% | +21.29%+33.52% | +8.70%
Prior 7-Day Eod 11.05% | 11.94%13.92% | 17.42%
Current vs 7-Day Eod +9.08% | +6.86%+3.88% | +5.88%
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

Strong bearish conviction with 84% of dollar volume in puts ($858.3K) vs calls ($165.5K). Massive premium surge with dollar volume up 155% vs prior. Dollar volume significantly above 7-day average (84% higher). Unusually high activity with volume up 107% vs prior - elevated interest.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
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 3 of results (avg 8.5%, best 7.2%)

CALLS (0)
No calls meet the criteria
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$177.50Aug 714.8015.90$15.357.2%10.61--
$180.00Jul 3115.7017.10$16.408.5%10.66--
$177.50Aug 2115.5017.10$16.309.8%20.60--

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. 11 found (avg delta 0.57, highest 0.66)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$165.00Aug 711.3012.80$12.0512.4%20.585
$167.50Aug 79.6011.40$10.5017.1%10.541
$170.00Aug 149.4011.80$10.6022.6%20.51--
$170.00Jul 317.509.70$8.6025.6%20.51--
$170.00Aug 78.6010.20$9.4017.0%10.502
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Jul 3115.7017.10$16.408.5%10.66--
$180.00Aug 2116.8018.80$17.8011.2%60.6337
$177.50Aug 714.8015.90$15.357.2%10.61--
$177.50Aug 2115.5017.10$16.309.8%20.60--
$172.50Jul 3111.1012.30$11.7010.3%10.5414

Most actively traded options today. High liquidity = easy entry/exit. 58 active (total vol 1.1K, top 835)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Jul 312.104.60$3.3574.6%400.24154
$185.00Jul 313.204.10$3.6524.7%140.279
$190.00Aug 72.653.60$3.1330.4%140.2316
$182.50Jul 313.704.80$4.2525.9%130.31--
$180.00Jul 314.405.50$4.9522.2%50.3411
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$167.50Jul 318.309.30$8.8011.4%8350.462
$140.00Jul 310.004.70$2.35200.0%160.14104
$160.00Aug 75.706.90$6.3019.0%140.341
$155.00Aug 74.106.00$5.0537.6%90.2817
$150.00Jul 312.303.20$2.7532.7%80.1911

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 17 strikes (avg 72.4%, max 135.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Jul 31Aug 28146.7%62.3%135.3%41156
$177.50Jul 31Aug 21129.7%68.7%88.7%4--
$170.00Jul 31Aug 14132.5%75.9%74.6%4--
$192.50Jul 31Aug 7128.7%97.9%31.4%23
$195.00Aug 21Sep 466.4%58.1%14.1%2104
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$160.00Jul 31Aug 28141.5%61.1%131.8%51.3K
$140.00Jul 31Sep 4178.9%77.3%131.5%20104
$157.50Jul 31Aug 21143.5%63.8%125.1%34
$180.00Jul 31Aug 21133.1%68.1%95.5%737
$165.00Jul 31Aug 7135.7%85.6%58.5%78

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 42 found (best R:R 4.56, avg 2.05)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$185.00$187.50Jul 31$0.45$2.05$0.454.56$185.45
$190.00$195.00Aug 21$0.97$4.03$0.974.15$190.97
$177.50$180.00Jul 31$0.55$1.95$0.553.55$178.05
$182.50$185.00Jul 31$0.60$1.90$0.603.17$183.10
$197.50$200.00Jul 31$0.61$1.89$0.613.10$198.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$157.50$155.00Aug 7$0.45$2.05$0.454.56$157.05
$150.00$145.00Jul 31$0.97$4.03$0.974.15$149.03
$152.50$145.00Aug 7$1.48$6.02$1.484.07$151.02
$137.00$136.00Jul 31$0.20$0.80$0.204.00$136.80
$138.00$137.00Jul 31$0.23$0.77$0.233.35$137.77

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 42 found (best R:R 1.74, avg 0.73)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$165.00$167.50Aug 7$1.55$1.55$0.951.63$166.55
$190.00$192.50Jul 31$1.32$1.32$1.181.12$191.32
$167.50$170.00Aug 7$1.10$1.10$1.400.79$168.60
$170.00$172.50Aug 7$1.05$1.05$1.450.72$171.05
$175.00$177.50Aug 21$1.05$1.05$1.450.72$176.05
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$140.00$138.00Jul 31$1.27$1.27$0.731.74$138.73
$180.00$172.50Jul 31$4.70$4.70$2.801.68$175.30
$177.50$172.50Aug 7$3.00$3.00$2.001.50$174.50
$180.00$177.50Aug 21$1.50$1.50$1.001.50$178.50
$170.00$167.50Jul 31$1.45$1.45$1.051.38$168.55

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $0.82, cheapest $0.40)

CALLS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$170.00Jul 31Aug 7$0.80132.5%88.6%
$177.50Jul 31Aug 7$0.80129.7%86.7%
$195.00Aug 21Sep 4$0.9766.4%58.1%
$192.50Jul 31Aug 7$1.62128.7%97.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$157.50Jul 31Aug 7$0.40143.5%88.4%
$160.00Jul 31Aug 7$0.40141.5%86.9%
$152.50Jul 31Aug 7$0.55139.9%88.7%
$145.00Jul 31Aug 7$0.64140.8%93.0%
$172.50Jul 31Aug 7$0.65135.0%88.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 8 found (cheapest 11.22% of stock, avg 12.46%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$170.00Jul 31$8.60$10.25$18.85$151.15$188.8511.22%
$167.50Aug 7$10.50$9.70$20.20$147.30$187.7012.02%
$170.00Aug 7$9.40$10.95$20.35$149.65$190.3512.11%
$165.00Aug 7$12.05$8.35$20.40$144.60$185.4012.14%
$172.50Aug 7$8.35$12.35$20.70$151.80$193.2012.32%
$180.00Jul 31$4.95$16.40$21.35$158.65$201.3512.70%
$177.50Aug 7$6.30$15.35$21.65$155.85$199.1512.88%
$177.50Aug 21$7.70$16.30$24.00$153.50$201.5014.28%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 53 found (cheapest 4.81% of stock, avg 7.46%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$190.00$140.00Aug 28$5.05$3.03$8.08$131.92$198.08
$187.50$157.50Jul 31$3.20$5.10$8.30$149.20$195.80
$185.00$157.50Jul 31$3.65$5.10$8.75$148.75$193.75
$190.00$135.00Aug 28$5.05$3.85$8.90$126.10$198.90
$187.50$160.00Jul 31$3.20$5.90$9.10$150.90$196.60
$182.50$157.50Jul 31$4.25$5.10$9.35$148.15$191.85
$190.00$160.00Aug 7$3.13$6.30$9.43$150.57$199.43
$195.00$140.00Sep 4$4.10$5.40$9.50$130.50$204.50
$185.00$160.00Jul 31$3.65$5.90$9.55$150.45$194.55
$195.00$157.50Aug 21$3.13$6.75$9.88$147.62$204.88

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 102 found (best R:R 18.23, avg credit $2.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
155/158190/192Jul 31$2.37$0.1318.23$155.13$192.37
158/160165/168Aug 7$2.35$0.1515.67$157.65$167.35
152/155168/170Aug 7$2.25$0.259.00$152.75$169.75
160/162168/170Aug 7$2.25$0.259.00$160.25$169.75
152/155170/172Aug 7$2.20$0.307.33$152.80$172.20
160/162170/172Aug 7$2.20$0.307.33$160.30$172.20
158/160190/192Jul 31$2.12$0.385.58$157.88$192.12
152/155190/192Jul 31$2.02$0.484.21$152.98$192.02
155/158165/168Aug 7$2.00$0.504.00$155.50$167.00
162/165168/170Aug 7$2.00$0.504.00$163.00$169.50

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 13 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$167.50$170.00$172.50Aug 7$0.05$2.4549.00
$180.00$182.50$185.00Jul 31$0.10$2.4024.00
$182.50$185.00$187.50Jul 31$0.15$2.3515.67
$165.00$167.50$170.00Aug 7$0.45$2.054.56
$185.00$187.50$190.00Jul 31$0.60$1.903.17
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$150.00$152.50$155.00Jul 31$0.10$2.4024.00
$167.50$170.00$172.50Aug 7$0.15$2.3515.67
$165.00$167.50$170.00Jul 31$0.30$2.207.33
$152.50$155.00$157.50Jul 31$0.35$2.156.14
$155.00$157.50$160.00Aug 7$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. 21 found (best net $-0.50, 16 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$177.50$190.001:2Aug 21-$0.50$12.00
$170.00$177.501:2Jul 31-$2.40$5.10
$190.00$195.001:2Aug 21-$2.16$2.84
$190.00$192.501:2Jul 31-$0.71$1.79
$192.50$197.501:2Jul 31-$4.03$0.97
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$152.50$145.001:2Aug 7-$0.94$6.56
$150.00$145.001:2Jul 31-$0.81$4.19
$145.00$140.001:2Jul 31-$2.92$2.08
$165.00$160.001:2Jul 31-$4.15$0.85
$137.00$136.001:2Jul 31-$0.45$0.55

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 22 found (best yield 5.59%, avg 2.68%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$170.00Aug 14$9.400.511.2%5.59%6.75%2--
$170.00Aug 7$8.600.501.2%5.12%6.28%12
$172.50Aug 7$7.700.462.6%4.58%7.23%11
$175.00Aug 21$7.600.434.1%4.52%8.66%2--
$170.00Jul 31$7.500.511.2%4.46%5.62%2--
$177.50Aug 21$7.200.405.6%4.28%9.91%2--
$177.50Aug 7$5.700.395.6%3.39%9.02%2--
$177.50Jul 31$5.000.385.6%2.98%8.60%2--
$180.00Jul 31$4.400.347.1%2.62%9.73%511
$190.00Aug 28$4.100.2913.1%2.44%15.50%12

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 171
Total Puts 1,026
Put/Call Ratio 6.00
Net Difference -855

Prior's Put/Call Breakdown

Total Calls 434
Total Puts 145
Put/Call Ratio 0.33
Net Difference 289

Prior 7-Day Put/Call Summary

Total Calls 3,992
Total Puts 3,876
Average Put/Call Ratio 1.15
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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