Tour v487
BIIB
BIOGEN INC
$201.82 -0.56%
$200.30 (-0.75%)🌙
as of 08/03 06:15 PM
(7/31 18:16) ◀
|
Monday, August 3, 2026 (6:15pm)
January 2026
|
▶ (8/4 18:27)
◀ 8/3 18:15 ▶

Option Volume

Detail
ℹ
Current (08/03) 1,547
Calls: 594 (38%)
Puts: 953 (62%)
Prior (07/31) 1,212
Calls: 893 (74%)
Puts: 319 (26%)
Current vs Prior +27.64%
Calls: -33.48% (Calls)
Puts: +198.75% (Puts)
Prior 7-Day Total 9,888
Calls: 5,196 (53%)
Puts: 4,692 (47%)
Prior 7-Day Average 1,412
Calls: 742 (53%)
Puts: 670 (47%)
Current vs Prior 7-Day Avg +9.52%
Calls: -19.98%
Puts: +42.18%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/03) $704.5K
Calls: $535.8K (76%)
Puts: $168.7K (24%)
Prior (07/31) $499.2K
Calls: $240.5K (48%)
Puts: $258.7K (52%)
Current vs Prior +41.13%
Calls: +122.80%
Puts: -34.80%
Prior 7-Day Total $7.47M
Calls: $4.01M (54%)
Puts: $3.45M (46%)
Prior 7-Day Average $1.07M
Calls: $572.9K (54%)
Puts: $493.6K (46%)
Current vs Prior 7-Day Avg -33.94%
Calls: -6.47%
Puts: -65.83%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/03) 1.60
Prior (07/31) 0.36
Current vs Prior +349.13%
Prior 7-Day Average 1.23
Current vs Prior 7-Day Avg +29.98%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/03) 6,630
Calls: 3,558 (54%)
Puts: 3,072 (46%)
Prior (07/31) 9,856
Calls: 8,212 (83%)
Puts: 1,644 (17%)
Current vs Prior -32.73%
Prior 7-Day Total 119,654
Calls: 70,928 (59%)
Puts: 48,726 (41%)
Prior 7-Day Average 17,093
Calls: 10,132 (59%)
Puts: 6,960 (41%)
Current vs Prior 7-Day Avg -61.21%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.98% | 4.88%6.84% | 12.88%
Prior 4.24% | 6.31%7.44% | 12.64%
Current vs Prior -6.11% | -22.62%-8.10% | +1.93%
Prior 7-Day Avg 4.53% | 6.70%8.80% | 13.74%
Current vs 7-Day Avg -12.20% | -27.19%-22.32% | -6.22%
Prior 7-Day Eod 4.24% | 6.31%7.44% | 12.64%
Current vs 7-Day Eod -6.11% | -22.62%-8.10% | +1.93%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 229.41% | 28.88%
Calls: 47.07% | 38.89%
Puts: 411.76% | 18.87%
Prior 229.41% | 28.88%
Calls: 47.07% | 38.89%
Puts: 411.76% | 18.87%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 150.25% | 42.60%
Calls: 65.65% | 42.84%
Puts: 234.87% | 42.36%
Current vs 7-Day Avg +52.68% | -32.21%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 76% of dollar volume in calls ($535.8K) vs puts ($168.7K). Extreme bearish P/C ratio of 1.60 - heavy put buying. P/C ratio rising 349% - increased hedging/bearish positioning. Declining open interest (down 33%) indicates positions being closed.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 0.61, highest 0.75)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Aug 147.8010.90$9.3533.2%40.7511
$195.00Aug 218.8012.50$10.6534.7%60.69--
$200.00Aug 73.705.00$4.3529.9%890.60222
$200.00Aug 144.706.50$5.6032.1%20.594
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$205.00Aug 144.507.20$5.8546.2%190.6033
$202.50Aug 71.655.70$3.68110.1%110.51--
$202.50Aug 143.005.50$4.2558.8%40.513

Most actively traded options today. High liquidity = easy entry/exit. 48 active (total vol 515, top 102)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$202.50Aug 72.704.00$3.3538.8%1020.49218
$200.00Aug 73.705.00$4.3529.9%890.60222
$230.00Aug 210.502.00$1.25120.0%210.12192
$210.00Aug 140.702.70$1.70117.6%200.25--
$215.00Aug 70.000.70$0.35200.0%100.09718
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Aug 70.554.80$2.68158.6%460.4019
$197.50Aug 70.453.20$1.83150.3%190.306
$200.00Aug 142.004.30$3.1573.0%190.4132
$205.00Aug 144.507.20$5.8546.2%190.6033
$185.00Aug 70.101.15$0.63166.7%170.0925

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 39.7%, max 79.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$220.00Aug 7Sep 464.3%36.1%77.9%1074
$225.00Aug 7Sep 459.9%38.4%56.0%66
$217.50Aug 7Aug 2159.8%39.9%49.9%4--
$200.00Aug 7Aug 1443.6%29.1%49.7%91226
$205.00Aug 7Aug 2143.0%37.0%16.1%1335
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Sep 463.9%35.5%79.7%1321
$185.00Aug 7Sep 466.4%37.2%78.3%2825
$202.50Aug 7Aug 1442.4%30.0%41.6%153
$200.00Aug 7Aug 2143.6%35.6%22.4%4735
$195.00Aug 21Sep 436.7%35.9%2.1%16--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 32 found (best R:R 20.43, avg 6.41)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$222.50$230.00Aug 21$0.35$7.15$0.3520.43$222.85
$222.50$225.00Aug 14$0.12$2.38$0.1219.83$222.62
$210.00$215.00Aug 7$0.30$4.70$0.3015.67$210.30
$215.00$217.50Aug 21$0.15$2.35$0.1515.67$215.15
$212.50$215.00Aug 14$0.20$2.30$0.2011.50$212.70
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$192.50$190.00Aug 7$0.17$2.33$0.1713.71$192.33
$197.50$192.50Aug 7$0.43$4.57$0.4310.63$197.07
$190.00$180.00Aug 21$0.95$9.05$0.959.53$189.05
$190.00$185.00Aug 7$0.60$4.40$0.607.33$189.40
$200.00$187.50Aug 14$1.60$10.90$1.606.81$198.40

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 33 found (best R:R 3.00, avg 0.48)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$195.00$200.00Aug 14$3.75$3.75$1.253.00$198.75
$200.00$205.00Aug 14$2.70$2.70$2.301.17$202.70
$195.00$205.00Aug 21$5.30$5.30$4.701.13$200.30
$207.50$210.00Aug 7$1.13$1.13$1.370.82$208.63
$200.00$202.50Aug 7$1.00$1.00$1.500.67$201.00
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$205.00$202.50Aug 14$1.60$1.60$0.901.78$203.40
$202.50$200.00Aug 14$1.10$1.10$1.400.79$201.40
$202.50$200.00Aug 7$1.00$1.00$1.500.67$201.50
$200.00$195.00Aug 21$1.82$1.82$3.180.57$198.18
$195.00$190.00Sep 4$1.80$1.80$3.200.56$193.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $0.86, cheapest $0.47)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$222.50Aug 14Aug 21$0.5048.7%42.4%
$205.00Aug 7Aug 14$0.5543.0%30.4%
$215.00Aug 7Aug 14$0.6343.0%35.0%
$217.50Aug 7Aug 14$0.7059.8%44.7%
$225.00Aug 7Aug 14$0.7559.9%50.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$200.00Aug 7Aug 14$0.4743.6%29.1%
$195.00Aug 21Aug 28$0.5236.7%34.0%
$202.50Aug 7Aug 14$0.5742.4%30.0%
$190.00Aug 7Aug 21$1.0763.9%38.7%
$185.00Aug 7Sep 4$1.9266.4%37.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 5 found (cheapest 3.48% of stock, avg 4.53%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$200.00Aug 7$4.35$2.68$7.03$192.97$207.033.48%
$202.50Aug 7$3.35$3.68$7.03$195.47$209.533.48%
$200.00Aug 14$5.60$3.15$8.75$191.25$208.754.34%
$205.00Aug 14$2.90$5.85$8.75$196.25$213.754.34%
$195.00Aug 21$10.65$3.48$14.13$180.87$209.137.00%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 62 found (cheapest 0.63% of stock, avg 2.25%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$210.00$185.00Aug 7$0.65$0.63$1.28$183.72$211.28
$217.50$185.00Aug 7$0.75$0.63$1.38$183.62$218.88
$210.00$190.00Aug 7$0.65$1.23$1.88$188.12$211.88
$217.50$190.00Aug 7$0.75$1.23$1.98$188.02$219.48
$210.00$192.50Aug 7$0.65$1.40$2.05$190.45$212.05
$217.50$192.50Aug 7$0.75$1.40$2.15$190.35$219.65
$207.50$185.00Aug 7$1.78$0.63$2.41$182.59$209.91
$210.00$197.50Aug 7$0.65$1.83$2.48$195.02$212.48
$217.50$197.50Aug 7$0.75$1.83$2.58$194.92$220.08
$212.50$187.50Aug 14$1.18$1.55$2.73$184.77$215.23

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 59 found (best R:R 5.76, avg credit $1.78)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
200/202208/210Aug 7$2.13$0.375.76$200.37$209.63
202/205210/212Aug 14$2.12$0.385.58$202.88$212.12
198/200208/210Aug 7$1.98$0.523.81$198.02$209.48
202/205220/222Aug 14$1.98$0.523.81$203.02$221.98
198/200202/205Aug 7$1.85$0.652.85$198.15$204.35
202/205212/215Aug 14$1.80$0.702.57$203.20$214.30
202/205222/225Aug 14$1.72$0.782.21$203.28$224.22
200/202210/212Aug 14$1.62$0.881.84$200.88$211.62
200/202205/208Aug 7$1.57$0.931.69$200.93$206.57
180/190195/205Aug 21$6.25$3.751.67$183.75$201.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 12 found (best R:R 15.67, cheapest $0.15)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$220.00$222.50$225.00Aug 14$0.26$2.248.62
$210.00$212.50$215.00Aug 14$0.32$2.186.81
$202.50$205.00$207.50Aug 7$0.43$2.074.81
$217.50$220.00$222.50Aug 21$0.43$2.074.81
$195.00$200.00$205.00Aug 14$1.05$3.953.76
PUTS (4)
LowMidHighExpiryDebitMax GainR:R
$197.50$200.00$202.50Aug 7$0.15$2.3515.67
$190.00$195.00$200.00Aug 21$0.64$4.366.81
$185.00$190.00$195.00Sep 4$0.80$4.205.25
$200.00$202.50$205.00Aug 14$0.50$2.004.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 37 found (best net $-0.05, 32 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$195.00$205.001:2Aug 21-$0.05$9.95
$222.50$230.001:2Aug 21-$0.90$6.60
$210.00$215.001:2Aug 7-$0.05$4.95
$200.00$205.001:2Aug 14-$0.20$4.80
$205.00$210.001:2Aug 14-$0.50$4.50
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$180.001:2Aug 21-$0.40$9.60
$190.00$185.001:2Aug 7-$0.03$4.97
$197.50$192.501:2Aug 7-$0.97$4.03
$195.00$190.001:2Aug 21-$1.12$3.88
$190.00$185.001:2Sep 4-$1.55$3.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 14 found (best yield 1.83%, avg 0.55%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$205.00Aug 21$3.700.451.6%1.83%3.41%5--
$202.50Aug 7$2.700.490.3%1.34%1.67%102218
$205.00Aug 14$1.600.401.6%0.79%2.37%47
$215.00Aug 21$1.450.246.5%0.72%7.25%626
$220.00Aug 21$1.250.189.0%0.62%9.63%3480
$225.00Aug 28$0.950.1411.5%0.47%11.96%312
$210.00Aug 14$0.700.254.0%0.35%4.40%20--
$220.00Sep 4$0.650.239.0%0.32%9.33%7--
$205.00Aug 7$0.600.381.6%0.30%1.87%835
$230.00Aug 21$0.500.1214.0%0.25%14.21%21192

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 594
Total Puts 953
Put/Call Ratio 1.60
Net Difference -359

Prior's Put/Call Breakdown

Total Calls 893
Total Puts 319
Put/Call Ratio 0.36
Net Difference 574

Prior 7-Day Put/Call Summary

Total Calls 5,196
Total Puts 4,692
Average Put/Call Ratio 1.23
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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