Tour v292
BIIB
BIOGEN INC
$208.46 -3.54%
$210.00 (+0.74%)🌙
as of 07/06 06:12 PM
(7/2 18:13) ◀
|
Monday, July 6, 2026 (6:12pm)
January 2026
|
▶ (7/7 18:13)
◀ 7/6 18:12 ▶

Option Volume

Detail
ℹ
Current (07/06) 1,556
Calls: 939 (60%)
Puts: 617 (40%)
Prior (07/02) 2,523
Calls: 2,145 (85%)
Puts: 378 (15%)
Current vs Prior -38.33%
Calls: -56.22% (Calls)
Puts: +63.23% (Puts)
Prior 7-Day Total 12,690
Calls: 10,232 (81%)
Puts: 2,458 (19%)
Prior 7-Day Average 2,115
Calls: 1,461 (81%)
Puts: 351 (19%)
Current vs Prior 7-Day Avg -26.43%
Calls: -35.76%
Puts: +75.71%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/06) $2.97M
Calls: $2.69M (91%)
Puts: $275.9K (9%)
Prior (07/02) $2.86M
Calls: $2.72M (95%)
Puts: $136.1K (5%)
Current vs Prior +3.86%
Calls: -1.08%
Puts: +102.63%
Prior 7-Day Total $10.23M
Calls: $8.79M (86%)
Puts: $1.44M (14%)
Prior 7-Day Average $1.71M
Calls: $1.26M (86%)
Puts: $205.7K (14%)
Current vs Prior 7-Day Avg +74.02%
Calls: +114.32%
Puts: +34.08%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/06) 0.66
Prior (07/02) 0.18
Current vs Prior +272.87%
Prior 7-Day Average 0.27
Current vs Prior 7-Day Avg +141.26%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/06) 11,632
Calls: 9,857 (85%)
Puts: 1,775 (15%)
Prior (07/02) 14,768
Calls: 10,676 (72%)
Puts: 4,092 (28%)
Current vs Prior -21.24%
Prior 7-Day Total 85,882
Calls: 68,540 (80%)
Puts: 17,342 (20%)
Prior 7-Day Average 14,313
Calls: 11,423 (80%)
Puts: 2,890 (20%)
Current vs Prior 7-Day Avg -18.74%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 4.04% | 6.74%6.74% | 14.37%
Prior 4.53% | 6.64%6.64% | 13.79%
Current vs Prior -10.82% | +1.51%+1.51% | +4.20%
Prior 7-Day Avg 3.40% | 5.41%7.97% | 14.51%
Current vs 7-Day Avg +19.06% | +24.54%-15.42% | -0.99%
Prior 7-Day Eod 4.53% | 6.64%-- | --
Current vs 7-Day Eod -10.82% | +1.51%-- | --
Sentiment BULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 114.07% | 61.49%
Calls: 98.96% | 51.55%
Puts: 129.19% | 71.43%
Prior 114.07% | 61.49%
Calls: 98.96% | 51.55%
Puts: 129.19% | 71.43%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 109.38% | 54.15%
Calls: 96.09% | 44.48%
Puts: 122.68% | 63.82%
Current vs 7-Day Avg +4.28% | +13.55%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 91% of dollar volume in calls ($2.69M) vs puts ($275.9K). Dollar volume significantly above 7-day average (74% higher). Bullish P/C ratio of 0.66. P/C ratio rising 273% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
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 8.7%, best 8.7%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Jul 1715.4016.80$16.108.7%20.81372
PUTS (0)
No puts meet the criteria

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 0.63, highest 0.81)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Jul 1715.4016.80$16.108.7%20.81372
$200.00Jul 108.8011.60$10.2027.5%10.78--
$200.00Jul 1711.5014.10$12.8020.3%10.71--
$205.00Jul 104.907.70$6.3044.4%20.67--
$210.00Jul 246.609.10$7.8531.8%10.516
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$215.00Jul 106.209.00$7.6036.8%10.741
$212.50Jul 103.806.80$5.3056.6%30.642
$215.00Jul 178.5010.80$9.6523.8%80.63265
$212.50Jul 176.609.70$8.1538.0%10.5860
$215.00Jul 3111.7014.00$12.8517.9%20.56--

Most actively traded options today. High liquidity = easy entry/exit. 70 active (total vol 489, top 53)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$217.50Jul 172.004.10$3.0568.9%270.31105
$215.00Jul 173.604.70$4.1526.5%220.37118
$215.00Jul 100.153.60$1.88183.5%140.3177
$217.50Jul 100.052.40$1.22192.6%130.22462
$235.00Jul 100.000.65$0.33197.0%130.051
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Aug 145.208.30$6.7545.9%530.34--
$200.00Jul 100.552.95$1.75137.1%320.223
$202.50Jul 100.903.10$2.00110.0%280.2710
$170.00Jul 170.002.20$1.10200.0%200.07--
$205.00Aug 147.1010.10$8.6034.9%200.41--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 27.0%, max 82.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$240.00Jul 10Aug 1476.7%42.1%82.0%3--
$235.00Jul 10Aug 1467.1%42.4%58.4%141
$230.00Jul 10Jul 3158.8%43.8%34.1%6--
$200.00Jul 10Jul 1761.6%47.0%31.1%2--
$225.00Jul 10Jul 3154.6%45.3%20.6%28
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$200.00Jul 10Aug 1461.6%41.0%50.1%853
$205.00Jul 10Aug 1453.7%40.0%34.0%2842
$195.00Jul 17Aug 1447.1%41.3%13.9%13--
$215.00Jul 10Aug 1445.4%43.3%4.8%111
$210.00Jul 10Aug 1442.5%40.7%4.6%213

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 47 found (best R:R 26.78, avg 4.74)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$237.50$242.50Jul 24$0.18$4.82$0.1826.78$237.68
$225.00$230.00Jul 10$0.25$4.75$0.2519.00$225.25
$217.50$220.00Jul 10$0.20$2.30$0.2011.50$217.70
$230.00$237.50Jul 24$0.70$6.80$0.709.71$230.70
$225.00$230.00Jul 24$0.57$4.43$0.577.77$225.57
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$192.50$175.00Jul 17$0.65$16.85$0.6525.92$191.85
$185.00$180.00Jul 24$0.28$4.72$0.2816.86$184.72
$202.50$200.00Jul 10$0.25$2.25$0.259.00$202.25
$195.00$185.00Jul 24$1.30$8.70$1.306.69$193.70
$200.00$195.00Jul 24$1.00$4.00$1.004.00$199.00

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 50 found (best R:R 11.50, avg 0.88)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$200.00$205.00Jul 10$3.90$3.90$1.103.55$203.90
$200.00$210.00Jul 17$7.00$7.00$3.002.33$207.00
$195.00$200.00Jul 17$3.30$3.30$1.701.94$198.30
$205.00$210.00Jul 10$2.77$2.77$2.231.24$207.77
$215.00$220.00Jul 31$2.50$2.50$2.501.00$217.50
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$215.00$212.50Jul 10$2.30$2.30$0.2011.50$212.70
$212.50$210.00Jul 10$1.67$1.67$0.832.01$210.83
$200.00$197.50Jul 17$1.55$1.55$0.951.63$198.45
$215.00$212.50Jul 17$1.50$1.50$1.001.50$213.50
$212.50$210.00Jul 17$1.40$1.40$1.101.27$211.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $2.08, cheapest $0.98)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$230.00Jul 10Jul 17$1.0758.8%53.0%
$225.00Jul 10Jul 17$1.5254.6%52.0%
$235.00Jul 10Jul 31$1.6767.1%43.3%
$217.50Jul 10Jul 17$1.8345.0%45.0%
$220.00Jul 10Jul 17$2.0349.4%50.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$195.00Jul 17Jul 24$0.9847.1%45.9%
$200.00Jul 10Jul 17$1.4861.6%47.0%
$215.00Jul 10Jul 17$2.0545.4%47.5%
$212.50Jul 10Jul 17$2.8543.0%46.7%
$205.00Jul 10Jul 24$2.9053.7%41.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 3.43% of stock, avg 6.09%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$210.00Jul 10$3.53$3.63$7.16$202.84$217.163.43%
$212.50Jul 10$2.50$5.30$7.80$204.70$220.303.74%
$205.00Jul 10$6.30$2.65$8.95$196.05$213.954.29%
$215.00Jul 10$1.88$7.60$9.48$205.52$224.484.55%
$200.00Jul 10$10.20$1.75$11.95$188.05$211.955.73%
$210.00Jul 17$5.80$6.75$12.55$197.45$222.556.02%
$212.50Jul 17$4.95$8.15$13.10$199.40$225.606.28%
$215.00Jul 17$4.15$9.65$13.80$201.20$228.806.62%
$200.00Jul 17$12.80$3.23$16.03$183.97$216.037.69%
$195.00Jul 17$16.10$1.90$18.00$177.00$213.008.63%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 94 found (cheapest 1.30% of stock, avg 3.10%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$242.50$180.00Jul 24$1.40$1.30$2.70$177.30$245.20
$220.00$200.00Jul 10$1.02$1.75$2.77$197.23$222.77
$237.50$180.00Jul 24$1.58$1.30$2.88$177.12$240.38
$217.50$200.00Jul 10$1.22$1.75$2.97$197.03$220.47
$242.50$185.00Jul 24$1.40$1.58$2.98$182.02$245.48
$220.00$202.50Jul 10$1.02$2.00$3.02$199.48$223.02
$237.50$185.00Jul 24$1.58$1.58$3.16$181.84$240.66
$217.50$202.50Jul 10$1.22$2.00$3.22$199.28$220.72
$220.00$207.50Jul 10$1.02$2.55$3.57$203.93$223.57
$230.00$180.00Jul 24$2.28$1.30$3.58$176.42$233.58

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 80 found (best R:R 24.00, avg credit $2.56)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
198/200210/212Jul 17$2.40$0.1024.00$197.60$212.40
198/200212/215Jul 17$2.35$0.1515.67$197.65$214.85
195/200215/220Jul 31$4.70$0.3015.67$195.30$219.70
210/212215/218Jul 10$2.33$0.1713.71$210.17$217.33
210/212222/225Jul 10$2.06$0.444.68$210.44$224.56
210/212218/220Jul 10$1.87$0.632.97$210.63$219.37
195/200225/230Jul 31$3.55$1.452.45$196.45$228.55
205/210235/240Aug 14$3.52$1.482.38$206.48$238.52
208/210215/218Jul 10$1.74$0.762.29$208.26$216.74
210/215235/240Aug 14$3.47$1.532.27$211.53$238.47

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 20 found (best R:R 49.00, cheapest $0.10)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$225.00$230.00$235.00Jul 10$0.20$4.8024.00
$220.00$225.00$230.00Jul 17$0.20$4.8024.00
$217.50$220.00$222.50Jul 10$0.20$2.3011.50
$225.00$230.00$235.00Jul 31$0.45$4.5510.11
$220.00$225.00$230.00Jul 24$0.78$4.225.41
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$190.00$195.00$200.00Aug 14$0.10$4.9049.00
$195.00$200.00$205.00Aug 14$0.15$4.8532.33
$210.00$212.50$215.00Jul 17$0.10$2.4024.00
$195.00$200.00$205.00Jul 24$0.67$4.336.46
$200.00$202.50$205.00Jul 10$0.40$2.105.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 48 found (best net $-0.50, 44 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$220.001:2Jul 24-$0.55$9.45
$230.00$237.501:2Jul 24-$0.88$6.62
$225.00$230.001:2Jul 10-$0.13$4.87
$230.00$235.001:2Jul 10-$0.28$4.72
$235.00$240.001:2Jul 10-$0.33$4.67
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$192.50$175.001:2Jul 17-$0.50$17.00
$195.00$185.001:2Jul 24-$0.28$9.72
$185.00$180.001:2Jul 24-$1.02$3.98
$175.00$170.001:2Jul 17-$1.05$3.95
$200.00$195.001:2Jul 31-$1.60$3.40

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 25 found (best yield 3.17%, avg 1.06%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$210.00Jul 24$6.600.510.7%3.17%3.90%16
$215.00Jul 31$6.100.443.1%2.93%6.06%414
$210.00Jul 17$4.800.480.7%2.30%3.04%93.7K
$220.00Jul 31$4.400.365.5%2.11%7.65%621
$212.50Jul 17$4.200.421.9%2.01%3.95%12115
$215.00Jul 17$3.600.373.1%1.73%4.86%22118
$225.00Jul 31$3.300.297.9%1.58%9.52%18
$220.00Jul 17$2.600.285.5%1.25%6.78%131.2K
$220.00Jul 24$2.400.335.5%1.15%6.69%3--
$217.50Jul 17$2.000.314.3%0.96%5.30%27105

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 939
Total Puts 617
Put/Call Ratio 0.66
Net Difference 322

Prior's Put/Call Breakdown

Total Calls 2,145
Total Puts 378
Put/Call Ratio 0.18
Net Difference 1,767

Prior 7-Day Put/Call Summary

Total Calls 10,232
Total Puts 2,458
Average Put/Call Ratio 0.27
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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