Tour v297
BIIB
BIOGEN INC
$205.70 -1.32%
(7/6 18:12) ◀
|
Tuesday, July 7, 2026 (6:13pm)
January 2026
|
▶ (7/8 18:13)
◀ 7/7 18:13 ▶

Option Volume

Detail
ℹ
Current (07/07) 1,028
Calls: 606 (59%)
Puts: 422 (41%)
Prior (07/06) 1,556
Calls: 939 (60%)
Puts: 617 (40%)
Current vs Prior -33.93%
Calls: -35.46% (Calls)
Puts: -31.60% (Puts)
Prior 7-Day Total 14,246
Calls: 11,171 (78%)
Puts: 3,075 (22%)
Prior 7-Day Average 2,035
Calls: 1,595 (78%)
Puts: 439 (22%)
Current vs Prior 7-Day Avg -49.49%
Calls: -62.03%
Puts: -3.93%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/07) $490.4K
Calls: $236.1K (48%)
Puts: $254.2K (52%)
Prior (07/06) $2.97M
Calls: $2.69M (91%)
Puts: $275.9K (9%)
Current vs Prior -83.48%
Calls: -91.23%
Puts: -7.84%
Prior 7-Day Total $13.20M
Calls: $11.48M (87%)
Puts: $1.72M (13%)
Prior 7-Day Average $1.89M
Calls: $1.64M (87%)
Puts: $245.2K (13%)
Current vs Prior 7-Day Avg -73.99%
Calls: -85.61%
Puts: +3.70%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/07) 0.70
Prior (07/06) 0.66
Current vs Prior +5.98%
Prior 7-Day Average 0.33
Current vs Prior 7-Day Avg +112.75%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/07) 11,445
Calls: 8,669 (76%)
Puts: 2,776 (24%)
Prior (07/06) 11,632
Calls: 9,857 (85%)
Puts: 1,775 (15%)
Current vs Prior -1.61%
Prior 7-Day Total 97,514
Calls: 78,397 (80%)
Puts: 19,117 (20%)
Prior 7-Day Average 13,930
Calls: 11,199 (80%)
Puts: 2,731 (20%)
Current vs Prior 7-Day Avg -17.84%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 3.40% | 6.83%6.83% | 13.93%
Prior 4.04% | 6.74%6.74% | 14.37%
Current vs Prior -15.85% | +1.34%+1.34% | -3.06%
Prior 7-Day Avg 3.49% | 5.60%7.79% | 14.49%
Current vs 7-Day Avg -2.46% | +21.94%-12.35% | -3.88%
Prior 7-Day Eod 4.04% | 6.74%-- | --
Current vs 7-Day Eod -15.85% | +1.34%-- | --
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 110.05% | 55.20%
Calls: 96.50% | 45.49%
Puts: 123.61% | 64.90%
Current vs 7-Day Avg +3.65% | +11.40%
Liquidity Expensive
+
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🤖 AI Insights

Light premium activity with dollar volume down 83% vs prior. Bullish P/C ratio of 0.70. Call-heavy open interest (8,669 calls vs 2,776 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
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 8.4%, best 8.4%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Aug 1433.1036.00$34.558.4%140.87--

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. 20 found (avg delta 0.64, highest 0.87)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$187.50Jul 1718.3021.60$19.9516.5%60.86--
$200.00Jul 106.308.70$7.5032.0%20.81--
$190.00Jul 3118.2021.90$20.0518.5%60.79--
$202.50Jul 103.706.60$5.1556.3%10.67--
$200.00Jul 2410.1013.50$11.8028.8%20.6718
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Aug 1433.1036.00$34.558.4%140.87--
$217.50Jul 1712.1014.70$13.4019.4%10.779
$215.00Jul 1710.1013.60$11.8529.5%10.69273
$207.50Jul 101.805.30$3.5598.6%40.6020
$210.00Jul 319.5013.00$11.2531.1%60.5310

Most actively traded options today. High liquidity = easy entry/exit. 61 active (total vol 773, top 234)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$237.50Jul 170.250.70$0.4893.7%2340.06--
$227.50Jul 170.801.90$1.3581.5%1220.153
$210.00Jul 173.106.10$4.6065.2%230.443.7K
$220.00Jul 100.000.40$0.20200.0%110.0644
$222.50Jul 100.000.30$0.15200.0%90.046
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Aug 212.154.30$3.2266.8%650.1916
$195.00Jul 100.050.65$0.35171.4%620.0952
$200.00Jul 100.101.30$0.70171.4%480.1933
$240.00Aug 1433.1036.00$34.558.4%140.87--
$190.00Jul 240.853.50$2.17122.1%110.19--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 9 strikes (avg 12.1%, max 32.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$230.00Jul 17Aug 2155.9%42.2%32.4%6170
$240.00Jul 17Aug 2152.5%44.4%18.3%2--
$220.00Jul 10Aug 2146.5%43.8%6.1%13182
$225.00Jul 10Jul 1753.7%51.6%4.1%11127
$205.00Jul 24Aug 1442.1%40.9%3.0%8--
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Jul 17Aug 2148.3%39.7%21.8%2513
$210.00Jul 31Aug 2148.2%42.4%13.5%1220
$195.00Jul 10Aug 1445.3%41.4%9.4%6352
$205.00Jul 10Aug 1441.0%40.9%0.3%1120

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 39 found (best R:R 18.23, avg 3.78)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$237.50$240.00Jul 17$0.13$2.37$0.1318.23$237.63
$215.00$220.00Jul 10$0.28$4.72$0.2816.86$215.28
$212.50$215.00Jul 10$0.20$2.30$0.2011.50$212.70
$220.00$225.00Jul 17$0.45$4.55$0.4510.11$220.45
$225.00$227.50Jul 17$0.25$2.25$0.259.00$225.25
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$200.00$195.00Jul 10$0.35$4.65$0.3513.29$199.65
$192.50$190.00Jul 17$0.50$2.00$0.504.00$192.00
$190.00$185.00Aug 21$1.38$3.62$1.382.62$188.62
$197.50$192.50Jul 17$1.40$3.60$1.402.57$196.10
$200.00$195.00Aug 14$1.75$3.25$1.751.86$198.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 42 found (best R:R 15.67, avg 1.11)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$200.00$202.50Jul 10$2.35$2.35$0.1515.67$202.35
$187.50$202.50Jul 17$10.85$10.85$4.152.61$198.35
$200.00$205.00Jul 24$3.20$3.20$1.801.78$203.20
$190.00$205.00Jul 31$9.20$9.20$5.801.59$199.20
$202.50$207.50Jul 17$3.00$3.00$2.001.50$205.50
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$240.00$210.00Aug 14$21.90$21.90$8.102.70$218.10
$217.50$215.00Jul 17$1.55$1.55$0.951.63$215.95
$210.00$205.00Aug 7$2.75$2.75$2.251.22$207.25
$210.00$205.00Aug 14$2.70$2.70$2.301.17$207.30
$215.00$197.50Jul 17$8.82$8.82$8.681.02$206.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $3.25, cheapest $1.04)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$230.00Jul 17Jul 31$1.1355.9%45.0%
$225.00Jul 10Jul 17$1.4753.7%51.6%
$220.00Jul 10Jul 17$1.8546.5%46.9%
$205.00Jul 24Jul 31$2.2542.1%44.9%
$240.00Jul 17Aug 21$2.7852.5%44.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$190.00Jul 17Jul 24$1.0448.3%45.9%
$210.00Jul 31Aug 7$1.0548.2%46.9%
$195.00Jul 10Aug 14$5.4545.3%41.4%
$200.00Jul 10Aug 7$6.4536.4%42.4%
$205.00Jul 10Aug 7$6.9041.0%42.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 6 found (cheapest 3.99% of stock, avg 8.66%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$200.00Jul 10$7.50$0.70$8.20$191.80$208.203.99%
$215.00Jul 17$3.55$11.85$15.40$199.60$230.407.49%
$217.50Jul 17$2.35$13.40$15.75$201.75$233.257.66%
$205.00Aug 7$11.55$9.55$21.10$183.90$226.1010.26%
$205.00Aug 14$12.55$9.95$22.50$182.50$227.5010.94%
$210.00Aug 21$10.80$13.10$23.90$186.10$233.9011.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 37 found (cheapest 0.27% of stock, avg 2.65%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$220.00$195.00Jul 10$0.20$0.35$0.55$194.45$220.55
$215.00$195.00Jul 10$0.48$0.35$0.83$194.17$215.83
$220.00$200.00Jul 10$0.20$0.70$0.90$199.10$220.90
$212.50$195.00Jul 10$0.68$0.35$1.03$193.97$213.53
$215.00$200.00Jul 10$0.48$0.70$1.18$198.82$216.18
$212.50$200.00Jul 10$0.68$0.70$1.38$198.62$213.88
$210.00$195.00Jul 10$1.38$0.35$1.73$193.27$211.73
$210.00$200.00Jul 10$1.38$0.70$2.08$197.92$212.08
$220.00$205.00Jul 10$0.20$2.65$2.85$202.15$222.85
$215.00$205.00Jul 10$0.48$2.65$3.13$201.87$218.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 42 found (best R:R 7.33, avg credit $3.42)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
192/198202/208Jul 17$4.40$0.607.33$193.10$206.90
190/192208/210Jul 17$2.00$0.504.00$190.50$209.50
215/218232/235Jul 17$1.88$0.623.03$215.62$234.38
215/218225/228Jul 17$1.80$0.702.57$215.70$226.80
190/192202/208Jul 17$3.50$1.502.33$189.00$206.00
190/192215/218Jul 17$1.70$0.802.12$190.80$216.70
205/208210/212Jul 10$1.60$0.901.78$205.90$211.60
185/190200/210Aug 21$6.13$3.871.58$183.87$206.13
190/192212/215Jul 17$1.50$1.001.50$191.00$214.00
192/198208/210Jul 17$2.90$2.101.38$194.60$210.40

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 13 found (best R:R 39.00, cheapest $0.17)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$210.00$220.00$230.00Aug 21$0.25$9.7539.00
$225.00$227.50$230.00Jul 17$0.17$2.3313.71
$200.00$210.00$220.00Aug 21$1.45$8.555.90
$220.00$230.00$240.00Aug 21$1.73$8.274.78
$210.00$212.50$215.00Jul 10$0.50$2.004.00
PUTS (4)
LowMidHighExpiryDebitMax GainR:R
$200.00$205.00$210.00Aug 14$0.30$4.7015.67
$200.00$205.00$210.00Aug 7$0.35$4.6513.29
$195.00$200.00$205.00Aug 14$0.65$4.356.69
$195.00$200.00$205.00Jul 10$1.60$3.402.12

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 37 found (best net $-1.65, 28 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$205.001:2Jul 31-$1.65$13.35
$220.00$230.001:2Jul 31-$0.47$9.53
$220.00$230.001:2Aug 21-$1.40$8.60
$230.00$240.001:2Aug 21-$1.81$8.19
$205.00$215.001:2Jul 31-$1.95$8.05
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$200.00$195.001:2Jul 10$0.00$5.00
$197.50$192.501:2Jul 17-$0.23$4.77
$190.00$185.001:2Aug 21-$1.84$3.16
$192.50$190.001:2Jul 17-$0.63$1.87
$200.00$195.001:2Aug 14-$4.05$0.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 23 found (best yield 4.42%, avg 1.19%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$210.00Aug 21$9.100.492.1%4.42%6.51%2--
$220.00Aug 21$6.300.377.0%3.06%10.01%2138
$215.00Jul 31$5.000.404.5%2.43%6.95%1--
$207.50Jul 17$4.700.510.9%2.28%3.16%6112
$212.50Jul 24$3.900.413.3%1.90%5.20%1--
$212.50Jul 17$3.600.403.3%1.75%5.06%7126
$215.00Jul 24$3.500.374.5%1.70%6.22%262
$230.00Aug 21$3.300.2611.8%1.60%13.42%399
$210.00Jul 17$3.100.442.1%1.51%3.60%233.7K
$215.00Jul 17$3.100.344.5%1.51%6.03%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 606
Total Puts 422
Put/Call Ratio 0.70
Net Difference 184

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 11,171
Total Puts 3,075
Average Put/Call Ratio 0.33
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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