Tour v388
BIIB
BIOGEN INC
$197.74 -2.67%
(7/21 18:15) ◀
|
Wednesday, July 22, 2026 (6:44pm)
January 2026
|
▶ (7/23 18:16)
◀ 7/22 18:44 ▶

Option Volume

Detail
ℹ
Current (07/22) 741
Calls: 276 (37%)
Puts: 465 (63%)
Prior (07/21) 566
Calls: 306 (54%)
Puts: 260 (46%)
Current vs Prior +30.92%
Calls: -9.80% (Calls)
Puts: +78.85% (Puts)
Prior 7-Day Total 17,873
Calls: 14,396 (81%)
Puts: 3,477 (19%)
Prior 7-Day Average 2,553
Calls: 2,056 (81%)
Puts: 496 (19%)
Current vs Prior 7-Day Avg -70.98%
Calls: -86.58%
Puts: -6.38%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/22) $355.5K
Calls: $209.4K (59%)
Puts: $146.0K (41%)
Prior (07/21) $677.3K
Calls: $576.6K (85%)
Puts: $100.7K (15%)
Current vs Prior -47.52%
Calls: -63.68%
Puts: +45.04%
Prior 7-Day Total $16.81M
Calls: $14.97M (89%)
Puts: $1.84M (11%)
Prior 7-Day Average $2.40M
Calls: $2.14M (89%)
Puts: $262.4K (11%)
Current vs Prior 7-Day Avg -85.20%
Calls: -90.21%
Puts: -44.34%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22) 1.68
Prior (07/21) 0.85
Current vs Prior +98.29%
Prior 7-Day Average 0.39
Current vs Prior 7-Day Avg +334.37%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/22) 6,333
Calls: 3,691 (58%)
Puts: 2,642 (42%)
Prior (07/21) 4,875
Calls: 3,171 (65%)
Puts: 1,704 (35%)
Current vs Prior +29.91%
Prior 7-Day Total 117,309
Calls: 84,718 (72%)
Puts: 32,591 (28%)
Prior 7-Day Average 16,758
Calls: 12,102 (72%)
Puts: 4,655 (28%)
Current vs Prior 7-Day Avg -62.21%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.13% | 6.85%10.06% | 13.15%
Prior 3.62% | 8.20%10.71% | 14.79%
Current vs Prior -13.73% | -16.39%-6.00% | -11.11%
Prior 7-Day Avg 3.96% | 6.65%5.51% | 13.00%
Current vs 7-Day Avg -21.05% | +3.08%+82.76% | +1.18%
Prior 7-Day Eod 3.62% | 8.20%10.71% | 14.79%
Current vs 7-Day Eod -13.73% | -16.39%-6.00% | -11.11%
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

Extreme bearish P/C ratio of 1.68 - heavy put buying. P/C ratio rising 98% - increased hedging/bearish positioning. Rising open interest (up 30%) indicates new positions being established.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
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 8.5%, best 8.5%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Aug 2137.2040.50$38.858.5%10.91--
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. 8 found (avg delta 0.69, highest 0.91)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Aug 2137.2040.50$38.858.5%10.91--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$205.00Jul 245.808.80$7.3041.1%20.81--
$207.50Jul 3110.4014.30$12.3531.6%20.714
$210.00Aug 2114.5018.40$16.4523.7%10.6717
$205.00Jul 319.1012.40$10.7530.7%70.6618
$200.00Jul 241.755.80$3.78107.1%20.6419

Most actively traded options today. High liquidity = easy entry/exit. 37 active (total vol 151, top 23)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Aug 210.754.00$2.38136.6%230.20342
$215.00Aug 211.905.50$3.7097.3%180.27--
$200.00Jul 240.352.95$1.65157.6%150.3689
$220.00Aug 281.004.50$2.75127.3%100.21--
$225.00Aug 210.604.30$2.45151.0%50.182
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Jul 240.000.60$0.30200.0%90.1051
$205.00Jul 319.1012.40$10.7530.7%70.6618
$187.50Jul 310.503.70$2.10152.4%60.23--
$175.00Aug 210.103.20$1.65187.9%40.14--
$205.00Aug 2111.6015.00$13.3025.6%40.592

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 32.3%, max 116.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$230.00Jul 24Jul 31148.3%68.5%116.6%4--
$210.00Jul 24Aug 2164.0%43.0%49.0%2--
$215.00Jul 31Aug 2153.8%42.8%25.6%2119
$200.00Jul 24Aug 2848.0%41.3%16.2%2089
$205.00Jul 24Jul 3157.4%50.7%13.1%3--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$175.00Jul 31Aug 2163.8%40.7%56.7%5--
$195.00Jul 24Aug 2155.5%39.0%42.4%3--
$205.00Jul 24Aug 2157.4%42.5%34.9%62
$197.50Jul 31Aug 749.4%44.1%12.0%21
$190.00Jul 24Aug 2142.1%38.2%10.3%1051

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 22 found (best R:R 24.00, avg 4.02)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$202.50$205.00Jul 24$0.10$2.40$0.1024.00$202.60
$215.00$230.00Jul 31$0.65$14.35$0.6522.08$215.65
$215.00$217.50Aug 21$0.40$2.10$0.405.25$215.40
$212.50$215.00Jul 31$0.57$1.93$0.573.39$213.07
$210.00$215.00Aug 21$1.33$3.67$1.332.76$211.33
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$187.50$180.00Jul 31$1.10$6.40$1.105.82$186.40
$190.00$175.00Aug 21$3.50$11.50$3.503.29$186.50
$200.00$195.00Jul 24$1.68$3.32$1.681.98$198.32
$195.00$190.00Jul 24$1.80$3.20$1.801.78$193.20
$195.00$187.50Jul 31$2.70$4.80$2.701.78$192.30

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 24 found (best R:R 2.38, avg 0.81)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$160.00$210.00Aug 21$33.82$33.82$16.182.09$193.82
$217.50$220.00Aug 21$0.92$0.92$1.580.58$218.42
$200.00$220.00Aug 28$6.70$6.70$13.300.50$206.70
$207.50$210.00Jul 24$0.80$0.80$1.700.47$208.30
$205.00$210.00Jul 31$1.48$1.48$3.520.42$206.48
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$205.00$200.00Jul 24$3.52$3.52$1.482.38$201.48
$205.00$197.50Jul 31$4.85$4.85$2.651.83$200.15
$207.50$205.00Jul 31$1.60$1.60$0.901.78$205.90
$210.00$205.00Aug 21$3.15$3.15$1.851.70$206.85
$205.00$195.00Aug 21$5.85$5.85$4.151.41$199.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 11 found (avg debit $2.90, cheapest $0.37)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$220.00Aug 21Aug 28$0.3740.8%38.5%
$210.00Jul 24Jul 31$1.5564.0%49.0%
$215.00Jul 31Aug 21$2.2253.8%42.8%
$205.00Jul 24Jul 31$2.6057.4%50.7%
$200.00Jul 24Aug 28$7.8048.0%41.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$175.00Jul 31Aug 21$0.6763.8%40.7%
$197.50Jul 31Aug 7$1.1049.4%44.1%
$195.00Jul 24Jul 31$2.7055.5%50.0%
$205.00Jul 24Jul 31$3.4557.4%50.7%
$200.00Jul 24Aug 7$4.6248.0%45.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 4 found (cheapest 2.75% of stock, avg 6.22%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$200.00Jul 24$1.65$3.78$5.43$194.57$205.432.75%
$205.00Jul 24$0.83$7.30$8.13$196.87$213.134.11%
$205.00Jul 31$3.43$10.75$14.18$190.82$219.187.17%
$210.00Aug 21$5.03$16.45$21.48$188.52$231.4810.86%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 50 found (cheapest 0.35% of stock, avg 2.69%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$210.00$190.00Jul 24$0.40$0.30$0.70$189.30$210.70
$205.00$190.00Jul 24$0.83$0.30$1.13$188.87$206.13
$202.50$190.00Jul 24$0.93$0.30$1.23$188.77$203.73
$207.50$190.00Jul 24$1.20$0.30$1.50$188.50$209.00
$230.00$175.00Jul 31$0.83$0.98$1.81$173.19$231.81
$230.00$180.00Jul 31$0.83$1.00$1.83$178.17$231.83
$200.00$190.00Jul 24$1.65$0.30$1.95$188.05$201.95
$215.00$175.00Jul 31$1.48$0.98$2.46$172.54$217.46
$215.00$180.00Jul 31$1.48$1.00$2.48$177.52$217.48
$210.00$195.00Jul 24$0.40$2.10$2.50$192.50$212.50

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 30 found (best R:R 6.58, avg credit $3.48)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
205/208212/215Jul 31$2.17$0.336.58$205.33$214.67
200/205208/210Jul 24$4.32$0.686.35$200.68$211.82
205/210218/220Aug 21$4.07$0.934.38$205.93$221.57
190/195210/215Aug 21$3.63$1.372.65$191.37$213.63
198/205212/215Jul 31$5.42$2.082.61$199.58$217.92
195/205210/215Aug 21$7.18$2.822.55$197.82$217.18
205/210215/218Aug 21$3.55$1.452.45$206.45$218.55
195/205218/220Aug 21$6.77$3.232.10$198.23$224.27
195/198212/215Jul 31$1.67$0.832.01$195.83$214.17
190/195218/220Aug 21$3.22$1.781.81$191.78$220.72

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 4 found (best R:R 4.32, cheapest $0.47)

CALLS (2)
LowMidHighExpiryDebitMax GainR:R
$202.50$205.00$207.50Jul 24$0.47$2.034.32
$200.00$202.50$205.00Jul 24$0.62$1.883.03
PUTS (2)
LowMidHighExpiryDebitMax GainR:R
$180.00$187.50$195.00Jul 31$1.60$5.903.69
$195.00$200.00$205.00Jul 24$1.84$3.161.72

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 24 found (best net $-1.20, 17 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$230.001:2Jul 24-$1.20$18.80
$215.00$230.001:2Jul 31-$0.18$14.82
$205.00$210.001:2Jul 31-$0.47$4.53
$210.00$215.001:2Aug 21-$2.37$2.63
$220.00$225.001:2Aug 21-$2.52$2.48
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$205.00$195.001:2Aug 21-$1.60$8.40
$205.00$197.501:2Jul 31-$1.05$6.45
$205.00$200.001:2Jul 24-$0.26$4.74
$200.00$195.001:2Jul 24-$0.42$4.58
$180.00$175.001:2Jul 31-$0.96$4.04

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 12 found (best yield 3.74%, avg 0.84%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$200.00Aug 28$7.400.501.1%3.74%4.89%5--
$210.00Aug 21$2.950.336.2%1.49%7.69%1--
$205.00Jul 31$2.450.343.7%1.24%4.91%1--
$215.00Aug 21$1.900.278.7%0.96%9.69%18--
$217.50Aug 21$1.300.2410.0%0.66%10.65%4--
$220.00Aug 28$1.000.2111.3%0.51%11.76%10--
$220.00Aug 21$0.750.2011.3%0.38%11.64%23342
$212.50Jul 31$0.700.227.5%0.35%7.82%25
$225.00Aug 21$0.600.1813.8%0.30%14.09%52
$210.00Jul 31$0.400.236.2%0.20%6.40%430

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 276
Total Puts 465
Put/Call Ratio 1.68
Net Difference -189

Prior's Put/Call Breakdown

Total Calls 306
Total Puts 260
Put/Call Ratio 0.85
Net Difference 46

Prior 7-Day Put/Call Summary

Total Calls 14,396
Total Puts 3,477
Average Put/Call Ratio 0.39
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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