Tour v394
BIIB
BIOGEN INC
$200.62 +1.46%
$199.00 (-0.81%)🌙
as of 07/23 06:16 PM
(7/22 18:44) ◀
|
Thursday, July 23, 2026 (6:16pm)
January 2026
|
▶ (7/24 01:55)
◀ 7/23 18:16 ▶

Option Volume

Detail
ℹ
Current (07/23) 1,145
Calls: 296 (26%)
Puts: 849 (74%)
Prior (07/22) 741
Calls: 276 (37%)
Puts: 465 (63%)
Current vs Prior +54.52%
Calls: +7.25% (Calls)
Puts: +82.58% (Puts)
Prior 7-Day Total 13,084
Calls: 9,399 (72%)
Puts: 3,685 (28%)
Prior 7-Day Average 1,869
Calls: 1,342 (72%)
Puts: 526 (28%)
Current vs Prior 7-Day Avg -38.74%
Calls: -77.96%
Puts: +61.28%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23) $489.6K
Calls: $279.3K (57%)
Puts: $210.3K (43%)
Prior (07/22) $355.5K
Calls: $209.4K (59%)
Puts: $146.0K (41%)
Current vs Prior +37.74%
Calls: +33.35%
Puts: +44.03%
Prior 7-Day Total $12.22M
Calls: $10.33M (85%)
Puts: $1.89M (15%)
Prior 7-Day Average $1.75M
Calls: $1.48M (85%)
Puts: $270.3K (15%)
Current vs Prior 7-Day Avg -71.96%
Calls: -81.08%
Puts: -22.19%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 2.87
Prior (07/22) 1.68
Current vs Prior +70.24%
Prior 7-Day Average 0.62
Current vs Prior 7-Day Avg +361.42%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23) 7,167
Calls: 4,063 (57%)
Puts: 3,104 (43%)
Prior (07/22) 6,333
Calls: 3,691 (58%)
Puts: 2,642 (42%)
Current vs Prior +13.17%
Prior 7-Day Total 103,580
Calls: 72,310 (70%)
Puts: 31,270 (30%)
Prior 7-Day Average 14,797
Calls: 10,330 (70%)
Puts: 4,467 (30%)
Current vs Prior 7-Day Avg -51.56%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 2.80% | 7.73%10.27% | 14.58%
Prior 3.13% | 6.85%10.06% | 13.15%
Current vs Prior -10.53% | +12.75%+2.03% | +10.88%
Prior 7-Day Avg 3.60% | 6.59%6.14% | 12.90%
Current vs 7-Day Avg -22.30% | +17.22%+67.30% | +13.00%
Prior 7-Day Eod 3.13% | 6.85%10.06% | 13.15%
Current vs 7-Day Eod -10.53% | +12.75%+2.03% | +10.88%
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

Above-average activity with volume up 55% vs prior. Extreme bearish P/C ratio of 2.87 - heavy put buying. P/C ratio rising 70% - increased hedging/bearish positioning.

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 BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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. 7 found (avg delta 0.58, highest 0.71)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$192.50Jul 319.8013.40$11.6031.0%10.71--
$197.50Jul 317.1010.70$8.9040.4%10.60--
$200.00Jul 241.254.20$2.73108.1%130.5782
$200.00Aug 147.7011.40$9.5538.7%20.54--
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$205.00Jul 317.4010.50$8.9534.6%20.57--
$205.00Aug 149.2012.60$10.9031.2%220.5531
$205.00Aug 219.7013.20$11.4530.6%20.54--

Most actively traded options today. High liquidity = easy entry/exit. 43 active (total vol 296, top 53)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Jul 240.000.70$0.35200.0%480.1173
$225.00Aug 210.153.00$1.58180.4%300.15--
$200.00Jul 241.254.20$2.73108.1%130.5782
$205.00Aug 216.1010.00$8.0548.4%100.464
$207.50Jul 240.002.45$1.23199.2%90.2418
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Aug 144.207.90$6.0561.2%530.377
$205.00Aug 149.2012.60$10.9031.2%220.5531
$195.00Jul 240.001.50$0.75200.0%160.195
$190.00Jul 240.002.40$1.20200.0%50.1745
$200.00Jul 240.553.00$1.78137.6%20.4319

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 11 strikes (avg 83.4%, max 186.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$215.00Jul 24Aug 14131.0%45.7%186.5%10134
$220.00Jul 24Aug 2189.3%42.0%112.8%5447
$207.50Jul 24Aug 787.9%48.8%80.0%1018
$210.00Jul 24Aug 2169.5%40.9%69.7%52281
$212.50Jul 24Jul 3179.5%55.7%42.7%317
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Jul 24Aug 21123.1%43.7%181.4%7581
$192.50Jul 24Aug 7101.7%47.6%113.7%2--
$195.00Jul 24Aug 1469.6%45.0%54.7%6912
$205.00Jul 31Aug 2157.6%43.4%33.0%4--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 27 found (best R:R 11.50, avg 2.30)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$215.00$220.00Jul 24$1.00$4.00$1.004.00$216.00
$210.00$220.00Aug 21$2.45$7.55$2.453.08$212.45
$210.00$212.50Jul 31$0.65$1.85$0.652.85$210.65
$212.50$215.00Jul 31$0.72$1.78$0.722.47$213.22
$210.00$215.00Aug 14$1.55$3.45$1.552.23$211.55
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$185.00$182.50Jul 31$0.20$2.30$0.2011.50$184.80
$200.00$195.00Jul 24$1.03$3.97$1.033.85$198.97
$187.50$185.00Jul 31$0.55$1.95$0.553.55$186.95
$190.00$180.00Aug 21$2.57$7.43$2.572.89$187.43
$197.50$192.50Aug 7$1.85$3.15$1.851.70$195.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 27 found (best R:R 1.55, avg 0.61)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$192.50$197.50Jul 31$2.70$2.70$2.301.17$195.20
$197.50$205.00Jul 31$3.70$3.70$3.800.97$201.20
$205.00$210.00Aug 21$2.40$2.40$2.600.92$207.40
$200.00$202.50Jul 24$1.18$1.18$1.320.89$201.18
$200.00$205.00Aug 14$2.30$2.30$2.700.85$202.30
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$192.50$190.00Aug 7$1.52$1.52$0.981.55$190.98
$205.00$195.00Aug 14$4.85$4.85$5.150.94$200.15
$205.00$190.00Aug 21$6.40$6.40$8.600.74$198.60
$205.00$187.50Jul 31$6.55$6.55$10.950.60$198.45
$197.50$192.50Aug 7$1.85$1.85$3.150.59$195.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 11 found (avg debit $3.18, cheapest $0.80)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$215.00Jul 24Jul 31$0.80131.0%53.7%
$212.50Jul 24Jul 31$2.3079.5%55.7%
$210.00Jul 24Jul 31$2.9069.5%55.6%
$207.50Jul 24Jul 31$2.9587.9%56.8%
$220.00Jul 24Aug 21$3.1289.3%42.0%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$190.00Jul 24Aug 7$1.33123.1%42.0%
$205.00Jul 31Aug 14$1.9557.6%46.1%
$192.50Jul 24Aug 7$2.92101.7%47.6%
$195.00Jul 24Aug 14$5.3069.6%45.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 4 found (cheapest 2.25% of stock, avg 7.02%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$200.00Jul 24$2.73$1.78$4.51$195.49$204.512.25%
$205.00Jul 31$5.20$8.95$14.15$190.85$219.157.05%
$205.00Aug 14$7.25$10.90$18.15$186.85$223.159.05%
$205.00Aug 21$8.05$11.45$19.50$185.50$224.509.72%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 57 found (cheapest 0.55% of stock, avg 2.82%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$210.00$195.00Jul 24$0.35$0.75$1.10$193.90$211.10
$205.00$195.00Jul 24$0.65$0.75$1.40$193.60$206.40
$210.00$192.50Jul 24$0.35$1.13$1.48$191.02$211.48
$210.00$190.00Jul 24$0.35$1.20$1.55$188.45$211.55
$205.00$192.50Jul 24$0.65$1.13$1.78$190.72$206.78
$215.00$195.00Jul 24$1.08$0.75$1.83$193.17$216.83
$205.00$190.00Jul 24$0.65$1.20$1.85$188.15$206.85
$207.50$195.00Jul 24$1.23$0.75$1.98$193.02$209.48
$210.00$200.00Jul 24$0.35$1.78$2.13$197.87$212.13
$215.00$192.50Jul 24$1.08$1.13$2.21$190.29$217.21

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 27 found (best R:R 18.23, avg credit $3.60)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
190/192205/208Aug 7$2.37$0.1318.23$190.13$207.37
185/188192/198Jul 31$3.25$1.751.86$184.25$195.75
195/205210/215Aug 14$6.40$3.601.78$198.60$216.40
185/188205/208Jul 31$1.57$0.931.69$185.93$206.57
185/188208/210Jul 31$1.48$1.021.45$186.02$208.98
190/205210/220Aug 21$8.85$6.151.44$196.15$218.85
182/185192/198Jul 31$2.90$2.101.38$182.10$195.40
192/198208/210Aug 7$2.85$2.151.33$194.65$210.35
185/188198/205Jul 31$4.25$3.251.31$183.25$201.75
192/198205/208Aug 7$2.70$2.301.17$194.80$207.70

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 9 found (best R:R 26.78, cheapest $0.09)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$205.00$207.50$210.00Jul 31$0.09$2.4126.78
$205.00$210.00$215.00Aug 14$0.25$4.7519.00
$200.00$205.00$210.00Aug 14$0.50$4.509.00
$200.00$202.50$205.00Jul 24$0.28$2.227.93
$207.50$210.00$212.50Jul 31$0.28$2.227.93
PUTS (1)
LowMidHighExpiryDebitMax GainR:R
$182.50$185.00$187.50Jul 31$0.35$2.156.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 28 found (best net $-0.75, 20 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$220.001:2Aug 21-$0.75$9.25
$197.50$205.001:2Jul 31-$1.50$6.00
$210.00$215.001:2Aug 14-$2.35$2.65
$210.00$212.501:2Jul 24-$0.25$2.25
$200.00$202.501:2Jul 24-$0.37$2.13
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$205.00$195.001:2Aug 14-$1.20$8.80
$197.50$192.501:2Aug 7-$2.20$2.80
$192.50$190.001:2Aug 7-$1.01$1.49
$192.50$190.001:2Jul 24-$1.27$1.23
$187.50$185.001:2Jul 31-$1.30$1.20

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 15 found (best yield 3.04%, avg 1.40%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$205.00Aug 21$6.100.462.2%3.04%5.22%104
$205.00Aug 14$5.300.452.2%2.64%4.83%1--
$210.00Aug 21$4.300.384.7%2.14%6.82%4208
$205.00Aug 7$4.000.442.2%1.99%4.18%314
$210.00Aug 14$3.700.374.7%1.84%6.52%46
$205.00Jul 31$3.400.432.2%1.69%3.88%217
$207.50Aug 7$3.300.393.4%1.64%5.07%1--
$210.00Jul 31$2.500.324.7%1.25%5.92%431
$207.50Jul 31$2.350.383.4%1.17%4.60%610
$210.00Aug 7$2.300.344.7%1.15%5.82%6--

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 296
Total Puts 849
Put/Call Ratio 2.87
Net Difference -553

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 9,399
Total Puts 3,685
Average Put/Call Ratio 0.62
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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