Tour v303
BIIB
BIOGEN INC
$200.36 -2.60%
(7/7 18:13) ◀
|
Wednesday, July 8, 2026 (6:13pm)
January 2026
|
▶ (7/9 18:13)
◀ 7/8 18:13 ▶

Option Volume

Detail
ℹ
Current (07/08) 653
Calls: 449 (69%)
Puts: 204 (31%)
Prior (07/07) 1,028
Calls: 606 (59%)
Puts: 422 (41%)
Current vs Prior -36.48%
Calls: -25.91% (Calls)
Puts: -51.66% (Puts)
Prior 7-Day Total 13,603
Calls: 10,363 (76%)
Puts: 3,240 (24%)
Prior 7-Day Average 1,943
Calls: 1,480 (76%)
Puts: 462 (24%)
Current vs Prior 7-Day Avg -66.40%
Calls: -69.67%
Puts: -55.93%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/08) $408.7K
Calls: $263.1K (64%)
Puts: $145.6K (36%)
Prior (07/07) $490.4K
Calls: $236.1K (48%)
Puts: $254.2K (52%)
Current vs Prior -16.64%
Calls: +11.43%
Puts: -42.72%
Prior 7-Day Total $12.72M
Calls: $10.89M (86%)
Puts: $1.83M (14%)
Prior 7-Day Average $1.82M
Calls: $1.56M (86%)
Puts: $261.7K (14%)
Current vs Prior 7-Day Avg -77.51%
Calls: -83.09%
Puts: -44.35%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/08) 0.45
Prior (07/07) 0.70
Current vs Prior -34.76%
Prior 7-Day Average 0.40
Current vs Prior 7-Day Avg +13.34%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/08) 8,707
Calls: 3,834 (44%)
Puts: 4,873 (56%)
Prior (07/07) 11,445
Calls: 8,669 (76%)
Puts: 2,776 (24%)
Current vs Prior -23.92%
Prior 7-Day Total 94,918
Calls: 76,210 (80%)
Puts: 18,708 (20%)
Prior 7-Day Average 13,559
Calls: 10,887 (80%)
Puts: 2,672 (20%)
Current vs Prior 7-Day Avg -35.79%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 3.58% | 7.11%7.11% | 14.47%
Prior 3.40% | 6.83%6.83% | 13.93%
Current vs Prior +5.31% | +4.13%+4.13% | +3.92%
Prior 7-Day Avg 3.61% | 5.91%7.51% | 14.33%
Current vs 7-Day Avg -0.76% | +20.26%-5.30% | +0.98%
Prior 7-Day Eod 3.40% | 6.83%-- | --
Current vs 7-Day Eod +5.31% | +4.13%-- | --
Sentiment BEARISHBEARISH

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 106.93% | 56.72%
Calls: 93.39% | 46.15%
Puts: 120.47% | 67.30%
Current vs 7-Day Avg +6.68% | +8.40%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 64% call dollar volume ($263.1K). Extreme bullish P/C ratio of 0.45 - heavy call buying (449 calls vs 204 puts). P/C ratio dropping 35% - sentiment shifting bullish. Declining open interest (down 24%) indicates positions being closed.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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 -- 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. 17 found (avg delta 0.68, highest 0.89)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Jul 1712.6015.20$13.9018.7%360.77--
$195.00Jul 105.508.50$7.0042.9%10.76--
$192.50Jul 1710.9013.50$12.2021.3%30.73--
$195.00Aug 2114.5017.40$15.9518.2%20.62--
$200.00Jul 318.6012.00$10.3033.0%40.555
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Jul 105.608.30$6.9538.8%30.89--
$220.00Jul 1718.9021.50$20.2012.9%50.839
$210.00Jul 108.4010.40$9.4021.3%10.836
$220.00Aug 2121.6024.70$23.1513.4%50.7110
$205.00Jul 103.306.30$4.8062.5%20.71--

Most actively traded options today. High liquidity = easy entry/exit. 78 active (total vol 436, top 140)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$217.50Jul 170.153.70$1.93183.9%1400.20111
$190.00Jul 1712.6015.20$13.9018.7%360.77--
$205.00Jul 100.103.20$1.65187.9%120.3366
$220.00Jul 100.002.15$1.08199.1%90.14--
$225.00Jul 100.000.75$0.38197.4%80.068
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$197.50Jul 100.153.30$1.73182.1%170.322
$215.00Aug 716.6020.20$18.4019.6%130.6813
$195.00Aug 145.709.40$7.5549.0%110.3811
$195.00Aug 217.0010.10$8.5536.3%110.3969
$195.00Aug 75.308.90$7.1050.7%100.3810

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 19 strikes (avg 46.7%, max 157.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$220.00Jul 10Aug 21108.5%42.2%157.1%11--
$225.00Jul 10Jul 2497.6%51.0%91.4%98
$210.00Jul 10Aug 2170.9%43.5%63.0%5159
$195.00Jul 10Aug 2166.3%41.6%59.6%3--
$230.00Jul 17Aug 2163.3%42.4%49.1%6173
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Jul 10Aug 2189.7%39.5%127.1%2--
$195.00Jul 10Aug 2166.3%41.6%59.6%18175
$180.00Jul 17Aug 2165.1%42.3%53.8%101.4K
$220.00Jul 17Aug 2160.7%42.2%43.8%1019
$187.50Jul 10Jul 1770.7%52.5%34.7%2--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 54 found (best R:R 32.33, avg 5.69)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$222.50$225.00Jul 24$0.10$2.40$0.1024.00$222.60
$232.50$235.00Jul 24$0.10$2.40$0.1024.00$232.60
$225.00$230.00Jul 17$0.25$4.75$0.2519.00$225.25
$225.00$230.00Jul 24$0.33$4.67$0.3314.15$225.33
$220.00$222.50Jul 17$0.18$2.32$0.1812.89$220.18
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$195.00$190.00Jul 10$0.15$4.85$0.1532.33$194.85
$175.00$170.00Aug 21$0.20$4.80$0.2024.00$174.80
$192.50$190.00Jul 17$0.13$2.37$0.1318.23$192.37
$182.50$180.00Jul 17$0.17$2.33$0.1713.71$182.33
$197.50$195.00Jul 10$0.28$2.22$0.287.93$197.22

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 58 found (best R:R 6.14, avg 0.77)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$190.00$192.50Jul 17$1.70$1.70$0.802.13$191.70
$195.00$202.50Jul 10$4.72$4.72$2.781.70$199.72
$192.50$202.50Jul 17$6.30$6.30$3.701.70$198.80
$195.00$210.00Aug 21$7.50$7.50$7.501.00$202.50
$200.00$210.00Jul 31$4.25$4.25$5.750.74$204.25
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$207.50$205.00Jul 10$2.15$2.15$0.356.14$205.35
$220.00$207.50Jul 17$10.20$10.20$2.304.43$209.80
$207.50$205.00Jul 17$1.80$1.80$0.702.57$205.70
$215.00$205.00Aug 14$6.40$6.40$3.601.78$208.60
$215.00$205.00Aug 7$6.30$6.30$3.701.70$208.70

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 21 found (avg debit $2.35, cheapest $0.13)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$222.50Jul 17Jul 24$0.1363.2%48.6%
$230.00Jul 17Jul 24$0.5263.3%53.9%
$225.00Jul 10Jul 17$0.7597.6%59.6%
$220.00Jul 10Jul 17$0.80108.5%60.7%
$240.00Jul 24Aug 14$1.0254.8%45.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$215.00Aug 7Aug 14$0.5044.8%43.8%
$175.00Jul 31Aug 7$0.9845.8%48.3%
$180.00Jul 17Jul 31$1.0265.1%49.5%
$190.00Jul 10Jul 17$1.2589.7%55.4%
$187.50Jul 10Jul 17$1.3270.7%52.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 10 found (cheapest 2.95% of stock, avg 7.25%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$202.50Jul 10$2.28$3.63$5.91$196.59$208.412.95%
$205.00Jul 10$1.65$4.80$6.45$198.55$211.453.22%
$207.50Jul 10$0.75$6.95$7.70$199.80$215.203.84%
$195.00Jul 10$7.00$1.45$8.45$186.55$203.454.22%
$210.00Jul 10$1.23$9.40$10.63$199.37$220.635.31%
$192.50Jul 17$12.20$2.68$14.88$177.62$207.387.43%
$190.00Jul 17$13.90$2.55$16.45$173.55$206.458.21%
$220.00Jul 17$1.88$20.20$22.08$197.92$242.0811.02%
$195.00Aug 21$15.95$8.55$24.50$170.50$219.5012.23%
$220.00Aug 21$5.10$23.15$28.25$191.75$248.2514.10%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 87 found (cheapest 0.56% of stock, avg 3.09%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$207.50$187.50Jul 10$0.75$0.38$1.13$186.37$208.63
$220.00$187.50Jul 10$1.08$0.38$1.46$186.04$221.46
$210.00$187.50Jul 10$1.23$0.38$1.61$185.89$211.61
$205.00$187.50Jul 10$1.65$0.38$2.03$185.47$207.03
$207.50$190.00Jul 10$0.75$1.30$2.05$187.95$209.55
$207.50$195.00Jul 10$0.75$1.45$2.20$192.80$209.70
$220.00$190.00Jul 10$1.08$1.30$2.38$187.62$222.38
$207.50$197.50Jul 10$0.75$1.73$2.48$195.02$209.98
$210.00$190.00Jul 10$1.23$1.30$2.53$187.47$212.53
$220.00$195.00Jul 10$1.08$1.45$2.53$192.47$222.53

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 99 found (best R:R 18.23, avg credit $2.94)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
205/208222/225Jul 17$2.37$0.1318.23$205.13$224.87
200/202205/208Jul 10$2.35$0.1515.67$200.15$207.35
192/195215/218Jul 17$2.29$0.2110.90$192.71$217.29
208/220222/225Jul 17$10.77$1.736.23$209.23$233.27
208/220225/230Jul 17$10.45$2.055.10$209.55$235.45
192/195222/225Jul 17$2.07$0.434.81$192.93$224.57
205/208220/222Jul 17$1.98$0.523.81$205.52$221.98
188/190195/202Jul 10$5.64$1.863.03$184.36$200.64
180/182190/192Jul 17$1.87$0.632.97$180.63$191.87
188/190205/208Jul 10$1.82$0.682.68$188.18$206.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 14 found (best R:R 15.13, cheapest $0.17)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$220.00$230.00$240.00Aug 21$0.62$9.3815.13
$210.00$220.00$230.00Aug 21$1.38$8.626.25
$210.00$215.00$220.00Jul 10$1.35$3.652.70
$215.00$217.50$220.00Jul 17$0.74$1.762.38
$192.50$202.50$212.50Jul 17$3.20$6.802.13
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$195.00$197.50$200.00Jul 10$0.17$2.3313.71
$205.00$207.50$210.00Jul 10$0.30$2.207.33
$170.00$175.00$180.00Aug 21$0.70$4.306.14
$195.00$205.00$215.00Aug 14$1.45$8.555.90
$202.50$205.00$207.50Jul 10$0.98$1.521.55

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 57 found (best net $-0.95, 45 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$195.00$210.001:2Aug 21-$0.95$14.05
$230.00$240.001:2Aug 21-$0.43$9.57
$220.00$230.001:2Aug 21-$1.16$8.84
$210.00$220.001:2Aug 21-$1.75$8.25
$200.00$210.001:2Jul 31-$1.80$8.20
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$180.001:2Aug 21-$1.20$8.80
$205.00$195.001:2Aug 14-$2.60$7.40
$215.00$205.001:2Aug 7-$5.80$4.20
$170.00$165.001:2Aug 21-$0.80$4.20
$215.00$205.001:2Aug 14-$6.10$3.90

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 19 found (best yield 3.24%, avg 0.85%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$210.00Aug 21$6.500.424.8%3.24%8.06%4159
$210.00Jul 31$4.800.394.8%2.40%7.21%422
$202.50Jul 17$4.400.491.1%2.20%3.26%1--
$220.00Aug 21$3.400.309.8%1.70%11.50%2--
$215.00Jul 31$2.500.317.3%1.25%8.55%818
$230.00Aug 21$2.150.2014.8%1.07%15.87%3100
$215.00Jul 17$1.650.267.3%0.82%8.13%4131
$215.00Jul 24$1.600.277.3%0.80%8.11%2--
$220.00Jul 31$1.250.239.8%0.62%10.43%327
$240.00Aug 21$1.150.1319.8%0.57%20.36%471

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 449
Total Puts 204
Put/Call Ratio 0.45
Net Difference 245

Prior's Put/Call Breakdown

Total Calls 606
Total Puts 422
Put/Call Ratio 0.70
Net Difference 184

Prior 7-Day Put/Call Summary

Total Calls 10,363
Total Puts 3,240
Average Put/Call Ratio 0.40
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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