Tour v308
BIIB
BIOGEN INC
$198.91 -0.72%
$198.90 (-0.01%)🌙
as of 07/09 06:13 PM
(7/8 18:13) ◀
|
Thursday, July 9, 2026 (6:13pm)
January 2026
|
▶ (7/10 18:13)
◀ 7/9 18:13 ▶

Option Volume

Detail
ℹ
Current (07/09) 1,097
Calls: 841 (77%)
Puts: 256 (23%)
Prior (07/08) 653
Calls: 449 (69%)
Puts: 204 (31%)
Current vs Prior +67.99%
Calls: +87.31% (Calls)
Puts: +25.49% (Puts)
Prior 7-Day Total 9,716
Calls: 7,035 (72%)
Puts: 2,681 (28%)
Prior 7-Day Average 1,388
Calls: 1,005 (72%)
Puts: 383 (28%)
Current vs Prior 7-Day Avg -20.97%
Calls: -16.32%
Puts: -33.16%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/09) $743.7K
Calls: $581.4K (78%)
Puts: $162.4K (22%)
Prior (07/08) $408.7K
Calls: $263.1K (64%)
Puts: $145.6K (36%)
Current vs Prior +81.96%
Calls: +120.95%
Puts: +11.51%
Prior 7-Day Total $9.76M
Calls: $8.25M (85%)
Puts: $1.51M (15%)
Prior 7-Day Average $1.39M
Calls: $1.18M (85%)
Puts: $215.4K (15%)
Current vs Prior 7-Day Avg -46.64%
Calls: -50.66%
Puts: -24.61%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/09) 0.30
Prior (07/08) 0.45
Current vs Prior -33.00%
Prior 7-Day Average 0.44
Current vs Prior 7-Day Avg -30.33%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/09) 5,985
Calls: 4,341 (73%)
Puts: 1,644 (27%)
Prior (07/08) 8,707
Calls: 3,834 (44%)
Puts: 4,873 (56%)
Current vs Prior -31.26%
Prior 7-Day Total 84,722
Calls: 65,301 (77%)
Puts: 19,421 (23%)
Prior 7-Day Average 12,103
Calls: 9,328 (77%)
Puts: 2,774 (23%)
Current vs Prior 7-Day Avg -50.55%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 2.51% | 7.19%7.19% | 12.82%
Prior 3.58% | 7.11%7.11% | 14.47%
Current vs Prior -29.85% | +1.08%+1.08% | -11.43%
Prior 7-Day Avg 3.52% | 6.08%7.26% | 14.25%
Current vs 7-Day Avg -28.50% | +18.30%-0.92% | -10.05%
Prior 7-Day Eod 3.58% | 7.11%-- | --
Current vs 7-Day Eod -29.85% | +1.08%-- | --
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 114.07% | 61.49%
Calls: 98.96% | 51.55%
Puts: 129.19% | 71.43%
Current vs 7-Day Avg -0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 78% of dollar volume in calls ($581.4K) vs puts ($162.4K). Elevated premium activity with dollar volume up 82% vs prior. Above-average activity with volume up 68% vs prior. Extreme bullish P/C ratio of 0.30 - heavy call buying (841 calls vs 256 puts).

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 BEARISH
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. 22 found (avg delta 0.68, highest 0.89)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Jul 1017.6020.90$19.2517.1%10.891
$180.00Jul 1719.1021.20$20.1510.4%250.88610
$180.00Jul 2418.9022.40$20.6516.9%10.861
$185.00Jul 1713.8016.00$14.9014.8%40.8639
$182.50Jul 1716.4019.60$18.0017.8%10.84--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$205.00Jul 178.0010.50$9.2527.0%10.64182
$210.00Aug 714.7017.40$16.0516.8%10.6363
$210.00Aug 2115.7018.50$17.1016.4%20.62--
$205.00Aug 711.5014.50$13.0023.1%80.5654
$205.00Aug 1411.7015.00$13.3524.7%80.5529

Most actively traded options today. High liquidity = easy entry/exit. 60 active (total vol 845, top 252)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$237.50Jul 170.000.15$0.08187.5%2520.01200
$227.50Jul 170.001.45$0.73198.6%1270.09101
$190.00Jul 1710.8013.10$11.9519.2%560.74264
$200.00Jul 174.807.00$5.9037.3%410.49--
$207.50Jul 172.405.40$3.9076.9%280.34112
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Jul 100.250.95$0.60116.7%890.2199
$200.00Jul 176.207.80$7.0022.9%620.51329
$200.00Jul 317.4010.70$9.0536.5%80.48--
$205.00Aug 711.5014.50$13.0023.1%80.5654
$205.00Aug 1411.7015.00$13.3524.7%80.5529

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 48.0%, max 239.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$180.00Jul 10Jul 24172.2%50.6%239.9%22
$230.00Jul 17Aug 2171.0%44.1%61.2%4102
$220.00Jul 17Aug 2166.3%44.0%50.9%91.3K
$207.50Jul 10Jul 1790.3%62.7%44.1%29112
$217.50Jul 10Jul 1775.7%55.0%37.6%2--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$192.50Jul 10Jul 1783.0%48.5%71.1%37
$197.50Jul 10Jul 2465.6%44.1%48.9%37
$175.00Jul 17Aug 2156.5%40.0%41.1%4512
$200.00Jul 17Aug 2155.6%40.3%37.8%66329
$180.00Jul 17Aug 2158.7%43.2%36.1%2--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 33 found (best R:R 22.26, avg 3.64)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$220.00$230.00Jul 24$0.43$9.57$0.4322.26$220.43
$207.50$217.50Jul 10$0.85$9.15$0.8510.76$208.35
$230.00$237.50Jul 17$0.75$6.75$0.759.00$230.75
$220.00$225.00Jul 17$0.75$4.25$0.755.67$220.75
$220.00$230.00Aug 21$1.95$8.05$1.954.13$221.95
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$187.50$180.00Jul 17$0.35$7.15$0.3520.43$187.15
$180.00$175.00Jul 17$0.60$4.40$0.607.33$179.40
$192.50$190.00Jul 17$0.60$1.90$0.603.17$191.90
$185.00$180.00Aug 21$1.52$3.48$1.522.29$183.48
$180.00$175.00Aug 21$1.68$3.32$1.681.98$178.32

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 38 found (best R:R 14.00, avg 1.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$180.00$195.00Jul 10$14.00$14.00$1.0014.00$194.00
$180.00$182.50Jul 17$2.15$2.15$0.356.14$182.15
$195.00$200.00Jul 10$4.10$4.10$0.904.56$199.10
$180.00$195.00Jul 24$11.00$11.00$4.002.75$191.00
$190.00$195.00Aug 21$3.05$3.05$1.951.56$193.05
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$195.00$192.50Jul 17$1.80$1.80$0.702.57$193.20
$210.00$205.00Aug 7$3.05$3.05$1.951.56$206.95
$210.00$200.00Aug 21$6.05$6.05$3.951.53$203.95
$197.50$195.00Jul 24$1.40$1.40$1.101.27$196.10
$197.50$195.00Jul 10$1.35$1.35$1.151.17$196.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $2.75, cheapest $0.90)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$180.00Jul 10Jul 17$0.90172.2%58.7%
$217.50Jul 10Jul 17$1.1075.7%55.0%
$195.00Jul 10Jul 17$2.9050.0%56.2%
$205.00Jul 10Jul 17$2.9371.0%53.7%
$207.50Jul 10Jul 17$3.0290.3%62.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$210.00Aug 7Aug 21$1.0546.4%40.6%
$175.00Jul 17Aug 21$1.8256.5%40.0%
$192.50Jul 10Jul 17$2.0083.0%48.5%
$200.00Jul 17Jul 31$2.0555.6%46.4%
$180.00Jul 17Aug 21$2.9058.7%43.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 9 found (cheapest 2.94% of stock, avg 7.39%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$195.00Jul 10$5.25$0.60$5.85$189.15$200.852.94%
$200.00Jul 17$5.90$7.00$12.90$187.10$212.906.49%
$195.00Jul 17$8.15$4.80$12.95$182.05$207.956.51%
$205.00Jul 17$3.73$9.25$12.98$192.02$217.986.53%
$192.50Jul 17$10.60$3.00$13.60$178.90$206.106.84%
$190.00Jul 17$11.95$2.40$14.35$175.65$204.357.21%
$195.00Jul 24$9.65$4.70$14.35$180.65$209.357.21%
$180.00Jul 17$20.15$1.03$21.18$158.82$201.1810.65%
$210.00Aug 21$7.05$17.10$24.15$185.85$234.1512.14%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 53 found (cheapest 0.70% of stock, avg 3.27%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$205.00$195.00Jul 10$0.80$0.60$1.40$193.60$206.40
$207.50$195.00Jul 10$0.88$0.60$1.48$193.52$208.98
$200.00$195.00Jul 10$1.15$0.60$1.75$193.25$201.75
$205.00$192.50Jul 10$0.80$1.00$1.80$190.70$206.80
$207.50$192.50Jul 10$0.88$1.00$1.88$190.62$209.38
$200.00$192.50Jul 10$1.15$1.00$2.15$190.35$202.15
$202.50$195.00Jul 10$1.55$0.60$2.15$192.85$204.65
$202.50$192.50Jul 10$1.55$1.00$2.55$189.95$205.05
$205.00$197.50Jul 10$0.80$1.95$2.75$194.75$207.75
$207.50$197.50Jul 10$0.88$1.95$2.83$194.67$210.33

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 44 found (best R:R 17.52, avg credit $3.32)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
175/180190/195Aug 21$4.73$0.2717.52$175.27$194.73
180/185190/195Aug 21$4.57$0.4310.63$180.43$194.57
188/190200/202Jul 17$2.22$0.287.93$187.78$202.22
195/198202/205Jul 10$2.10$0.405.25$195.40$204.60
190/192198/200Jul 17$2.00$0.504.00$190.50$199.50
200/210220/230Aug 21$8.00$2.004.00$202.00$228.00
188/190202/205Jul 17$1.99$0.513.90$188.01$204.49
188/190195/198Jul 17$1.87$0.632.97$188.13$196.87
175/180182/185Jul 17$3.70$1.302.85$176.30$186.20
190/192200/202Jul 17$1.80$0.702.57$190.70$201.80

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 11 found (best R:R 199.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$210.00$220.00$230.00Aug 21$0.05$9.95199.00
$197.50$200.00$202.50Jul 17$0.20$2.3011.50
$225.00$227.50$230.00Jul 17$0.20$2.3011.50
$200.00$202.50$205.00Jul 17$0.23$2.279.87
$202.50$205.00$207.50Jul 10$0.83$1.672.01
PUTS (3)
LowMidHighExpiryDebitMax GainR:R
$195.00$200.00$205.00Jul 17$0.05$4.9599.00
$190.00$192.50$195.00Jul 17$1.20$1.301.08
$192.50$195.00$197.50Jul 10$1.75$0.750.43

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 34 found (best net $-0.22, 24 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$220.00$230.001:2Jul 24-$0.22$9.78
$220.00$230.001:2Aug 21-$1.15$8.85
$207.50$215.001:2Jul 17$0.00$7.50
$210.00$220.001:2Aug 21-$3.05$6.95
$220.00$225.001:2Jul 17-$0.08$4.92
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$187.50$180.001:2Jul 17-$0.68$6.82
$210.00$200.001:2Aug 21-$5.00$5.00
$180.00$175.001:2Aug 21-$0.57$4.43
$185.00$180.001:2Aug 21-$2.41$2.59
$200.00$195.001:2Jul 17-$2.60$2.40

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 14 found (best yield 3.07%, avg 1.18%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$210.00Aug 21$6.100.395.6%3.07%8.64%10157
$200.00Jul 24$5.700.510.6%2.87%3.41%117
$200.00Jul 17$4.800.490.6%2.41%2.96%41--
$220.00Aug 21$4.200.2910.6%2.11%12.71%3138
$202.50Jul 17$3.500.421.8%1.76%3.56%216
$205.00Jul 17$2.450.363.1%1.23%4.29%17
$207.50Jul 17$2.400.344.3%1.21%5.53%28112
$230.00Aug 21$2.100.2015.6%1.06%16.69%3102
$215.00Jul 17$0.400.208.1%0.20%8.29%1--
$220.00Jul 17$0.400.1610.6%0.20%10.80%61.2K

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 841
Total Puts 256
Put/Call Ratio 0.30
Net Difference 585

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 7,035
Total Puts 2,681
Average Put/Call Ratio 0.44
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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