Tour v340
BIIB
BIOGEN INC
$197.24 +2.76%
(7/14 18:38) ◀
|
Wednesday, July 15, 2026 (6:22pm)
January 2026
|
▶ (7/16 18:13)
◀ 7/15 18:22 ▶

Option Volume

Detail
ℹ
Current (07/15) 2,002
Calls: 1,117 (56%)
Puts: 885 (44%)
Prior (07/14) 4,206
Calls: 3,189 (76%)
Puts: 1,017 (24%)
Current vs Prior -52.40%
Calls: -64.97% (Calls)
Puts: -12.98% (Puts)
Prior 7-Day Total 17,780
Calls: 13,288 (75%)
Puts: 4,492 (25%)
Prior 7-Day Average 2,540
Calls: 1,898 (75%)
Puts: 641 (25%)
Current vs Prior 7-Day Avg -21.18%
Calls: -41.16%
Puts: +37.91%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/15) $830.7K
Calls: $482.0K (58%)
Puts: $348.8K (42%)
Prior (07/14) $4.29M
Calls: $3.49M (82%)
Puts: $791.9K (18%)
Current vs Prior -80.61%
Calls: -86.20%
Puts: -55.96%
Prior 7-Day Total $15.53M
Calls: $13.12M (85%)
Puts: $2.40M (15%)
Prior 7-Day Average $2.22M
Calls: $1.87M (85%)
Puts: $343.0K (15%)
Current vs Prior 7-Day Avg -62.55%
Calls: -74.29%
Puts: +1.68%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/15) 0.79
Prior (07/14) 0.32
Current vs Prior +148.44%
Prior 7-Day Average 0.48
Current vs Prior 7-Day Avg +65.89%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (07/15) 18,461
Calls: 12,601 (68%)
Puts: 5,860 (32%)
Prior (07/14) 28,513
Calls: 19,974 (70%)
Puts: 8,539 (30%)
Current vs Prior -35.25%
Prior 7-Day Total 99,160
Calls: 71,164 (72%)
Puts: 27,996 (28%)
Prior 7-Day Average 14,165
Calls: 10,166 (72%)
Puts: 3,999 (28%)
Current vs Prior 7-Day Avg +30.32%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 2.94% | 5.03%2.94% | 11.26%
Prior 4.06% | 5.76%4.06% | 11.46%
Current vs Prior -27.64% | -12.55%-27.64% | -1.80%
Prior 7-Day Avg 4.09% | 6.87%6.14% | 13.30%
Current vs 7-Day Avg -28.09% | -26.71%-52.08% | -15.40%
Prior 7-Day Eod 4.06% | 5.76%4.06% | 11.46%
Current vs 7-Day Eod -27.64% | -12.55%-27.64% | -1.80%
Sentiment BULLISHBULLISH

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

Light premium activity with dollar volume down 81% vs prior. Below-average activity with volume down 52% vs prior. P/C ratio rising 148% - increased hedging/bearish positioning. Call-heavy open interest (12,601 calls vs 5,860 puts) suggests bullish 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 NEUTRAL
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 -- 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. 31 found (avg delta 0.72, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Jul 1715.7018.80$17.2518.0%160.92105
$185.00Jul 1711.3013.90$12.6020.6%20.9036
$175.00Jul 3121.8025.10$23.4514.1%20.89--
$180.00Jul 3117.4020.60$19.0016.8%200.835
$180.00Aug 718.2021.70$19.9517.5%200.80--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Jul 1721.5024.50$23.0013.0%10.94--
$207.50Jul 179.2012.20$10.7028.0%10.84--
$207.50Jul 249.7012.90$11.3028.3%10.82--
$215.00Jul 3117.5020.90$19.2017.7%20.81--
$220.00Aug 2123.5026.70$25.1012.7%50.7915

Most actively traded options today. High liquidity = easy entry/exit. 82 active (total vol 1.8K, top 535)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Jul 170.801.15$0.9835.7%5350.301.4K
$235.00Aug 70.001.30$0.65200.0%1140.072
$215.00Aug 140.954.20$2.58126.0%500.22--
$220.00Aug 212.153.20$2.6839.2%350.21161
$210.00Aug 214.606.30$5.4531.2%340.34186
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Jul 170.050.90$0.48177.1%2650.081.8K
$195.00Jul 170.853.00$1.93111.4%2630.37565
$205.00Aug 710.4013.80$12.1028.1%520.6354
$210.00Aug 714.1017.30$15.7020.4%520.7254
$175.00Jul 170.002.20$1.10200.0%240.11513

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 20 strikes (avg 75.6%, max 219.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$180.00Jul 17Aug 2191.4%40.5%125.5%22111
$220.00Jul 17Aug 2185.1%38.9%118.8%401.4K
$215.00Jul 17Aug 1476.6%37.1%106.5%51--
$190.00Jul 17Aug 2865.0%38.0%70.9%15200
$207.50Jul 17Jul 3166.7%43.0%55.3%12112
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$175.00Jul 17Aug 21140.0%43.9%219.1%26525
$180.00Jul 17Aug 2191.4%40.5%125.5%2661.8K
$220.00Jul 17Aug 2185.1%38.9%118.8%615
$207.50Jul 17Jul 2466.7%34.1%95.7%2--
$190.00Jul 17Aug 2165.0%37.6%72.7%22229

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 44 found (best R:R 18.23, avg 3.95)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$215.00$217.50Jul 31$0.13$2.37$0.1318.23$215.13
$207.50$220.00Jul 24$0.69$11.81$0.6917.12$208.19
$207.50$210.00Jul 17$0.37$2.13$0.375.76$207.87
$207.50$215.00Jul 31$1.40$6.10$1.404.36$208.90
$200.00$202.50Jul 17$0.53$1.97$0.533.72$200.53
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$192.50$190.00Jul 17$0.15$2.35$0.1515.67$192.35
$185.00$180.00Jul 24$0.30$4.70$0.3015.67$184.70
$187.50$185.00Jul 17$0.27$2.23$0.278.26$187.23
$185.00$180.00Jul 31$0.55$4.45$0.558.09$184.45
$180.00$175.00Aug 21$0.60$4.40$0.607.33$179.40

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 57 found (best R:R 61.50, avg 3.33)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$180.00$185.00Jul 17$4.65$4.65$0.3513.29$184.65
$185.00$190.00Jul 17$4.55$4.55$0.4510.11$189.55
$175.00$180.00Jul 31$4.45$4.45$0.558.09$179.45
$180.00$192.50Jul 31$9.20$9.20$3.302.79$189.20
$195.00$197.50Jul 17$1.82$1.82$0.682.68$196.82
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$220.00$207.50Jul 17$12.30$12.30$0.2061.50$207.70
$207.50$205.00Jul 17$2.40$2.40$0.1024.00$205.10
$205.00$200.00Jul 17$4.77$4.77$0.2320.74$200.23
$215.00$210.00Jul 31$4.45$4.45$0.558.09$210.55
$220.00$210.00Aug 21$7.95$7.95$2.053.88$212.05

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 23 found (avg debit $2.05, cheapest $0.13)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$220.00Jul 17Jul 24$0.1385.1%43.1%
$207.50Jul 17Jul 24$0.2766.7%34.1%
$225.00Jul 17Jul 24$1.0291.5%67.4%
$202.50Jul 17Jul 24$1.2836.4%29.8%
$215.00Jul 17Jul 31$1.4876.6%44.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$180.00Jul 17Jul 24$0.3591.4%49.6%
$205.00Jul 17Jul 24$0.6064.7%37.1%
$207.50Jul 17Jul 24$0.6066.7%34.1%
$185.00Jul 17Jul 24$0.6570.1%42.9%
$190.00Jul 17Jul 24$0.8365.0%39.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 20 found (cheapest 2.29% of stock, avg 8.02%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$200.00Jul 17$0.98$3.53$4.51$195.49$204.512.29%
$195.00Jul 17$3.72$1.93$5.65$189.35$200.652.86%
$192.50Jul 17$5.25$1.25$6.50$186.00$199.003.30%
$197.50Jul 24$4.47$4.33$8.80$188.70$206.304.46%
$190.00Jul 17$8.05$1.10$9.15$180.85$199.154.64%
$205.00Jul 24$1.83$8.90$10.73$194.27$215.735.44%
$207.50Jul 17$0.75$10.70$11.45$196.05$218.955.81%
$207.50Jul 24$1.02$11.30$12.32$195.18$219.826.25%
$185.00Jul 17$12.60$0.48$13.08$171.92$198.086.63%
$195.00Jul 31$8.20$5.85$14.05$180.95$209.057.12%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 85 found (cheapest 0.57% of stock, avg 2.64%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$210.00$187.50Jul 17$0.38$0.75$1.13$186.37$211.13
$202.50$187.50Jul 17$0.45$0.75$1.20$186.30$203.70
$210.00$190.00Jul 17$0.38$1.10$1.48$188.52$211.48
$210.00$175.00Jul 17$0.38$1.10$1.48$173.52$211.48
$207.50$187.50Jul 17$0.75$0.75$1.50$186.00$209.00
$202.50$190.00Jul 17$0.45$1.10$1.55$188.45$204.05
$202.50$175.00Jul 17$0.45$1.10$1.55$173.45$204.05
$210.00$192.50Jul 17$0.38$1.25$1.63$190.87$211.63
$202.50$192.50Jul 17$0.45$1.25$1.70$190.80$204.20
$200.00$187.50Jul 17$0.98$0.75$1.73$185.77$201.73

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 82 found (best R:R 11.50, avg credit $2.27)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
188/190192/195Jul 31$2.30$0.2011.50$187.70$194.80
188/190195/198Jul 17$2.17$0.336.58$187.83$197.17
185/188195/198Jul 31$2.15$0.356.14$185.35$197.15
185/188195/198Jul 17$2.09$0.415.10$185.41$197.09
190/195200/205Jul 31$4.05$0.954.26$190.95$204.05
190/192195/198Jul 17$1.97$0.533.72$190.53$196.97
205/210218/220Jul 31$3.92$1.083.63$206.08$221.42
188/190195/198Jul 31$1.95$0.553.55$188.05$196.95
185/188198/200Jul 31$1.90$0.603.17$185.60$199.40
188/190192/195Jul 17$1.88$0.623.03$188.12$194.38

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 17 found (best R:R 49.00, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$180.00$185.00$190.00Jul 17$0.10$4.9049.00
$200.00$210.00$220.00Aug 21$0.38$9.6225.32
$195.00$197.50$200.00Jul 31$0.25$2.259.00
$192.50$195.00$197.50Jul 31$0.35$2.156.14
$197.50$200.00$202.50Jul 17$0.39$2.115.41
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$185.00$187.50$190.00Jul 17$0.08$2.4230.25
$180.00$185.00$190.00Jul 24$0.50$4.509.00
$182.50$185.00$187.50Jul 17$0.29$2.217.62
$190.00$192.50$195.00Jul 17$0.53$1.973.72
$205.00$210.00$215.00Jul 31$1.10$3.903.55

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 53 found (best net $-0.60, 41 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$180.00$192.501:2Jul 31-$0.60$11.90
$200.00$210.001:2Aug 21-$2.30$7.70
$207.50$215.001:2Jul 31-$0.38$7.12
$220.00$225.001:2Jul 17-$0.06$4.94
$215.00$220.001:2Jul 17-$0.10$4.90
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$205.00$195.001:2Jul 31-$0.30$9.70
$190.00$180.001:2Aug 7-$0.56$9.44
$190.00$180.001:2Aug 21-$0.75$9.25
$200.00$195.001:2Jul 17-$0.33$4.67
$190.00$185.001:2Jul 24-$0.33$4.67

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 16 found (best yield 3.65%, avg 1.19%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$200.00Aug 21$7.200.481.4%3.65%5.05%148
$197.50Jul 31$5.400.510.1%2.74%2.87%11
$210.00Aug 21$4.600.346.5%2.33%8.80%34186
$200.00Jul 31$4.500.451.4%2.28%3.68%613
$197.50Jul 24$2.950.510.1%1.50%1.63%1--
$205.00Jul 31$2.400.343.9%1.22%5.15%17
$220.00Aug 21$2.150.2111.5%1.09%12.63%35161
$200.00Jul 24$1.750.411.4%0.89%2.29%498
$207.50Jul 31$1.650.305.2%0.84%6.04%4--
$205.00Jul 24$1.250.273.9%0.63%4.57%2--

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 1,117
Total Puts 885
Put/Call Ratio 0.79
Net Difference 232

Prior's Put/Call Breakdown

Total Calls 3,189
Total Puts 1,017
Put/Call Ratio 0.32
Net Difference 2,172

Prior 7-Day Put/Call Summary

Total Calls 13,288
Total Puts 4,492
Average Put/Call Ratio 0.48
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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