Tour v492
BIIB
BIOGEN INC
$206.63 -0.87%
$205.00 (-0.79%)🌙
as of 08/05 06:30 PM
(8/4 18:27) ◀
|
Wednesday, August 5, 2026 (6:30pm)
January 2026
|
▶ (8/6 18:23)
◀ 8/5 18:30 ▶

Option Volume

Detail
ℹ
Current (08/05) 656
Calls: 199 (30%)
Puts: 457 (70%)
Prior (08/04) 4,639
Calls: 1,177 (25%)
Puts: 3,462 (75%)
Current vs Prior -85.86%
Calls: -83.09% (Calls)
Puts: -86.80% (Puts)
Prior 7-Day Total 14,155
Calls: 6,256 (44%)
Puts: 7,899 (56%)
Prior 7-Day Average 2,022
Calls: 893 (44%)
Puts: 1,128 (56%)
Current vs Prior 7-Day Avg -67.56%
Calls: -77.73%
Puts: -59.50%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/05) $179.0K
Calls: $108.4K (61%)
Puts: $70.7K (39%)
Prior (08/04) $1.96M
Calls: $1.63M (83%)
Puts: $325.6K (17%)
Current vs Prior -90.85%
Calls: -93.36%
Puts: -78.30%
Prior 7-Day Total $9.17M
Calls: $5.70M (62%)
Puts: $3.46M (38%)
Prior 7-Day Average $1.31M
Calls: $814.9K (62%)
Puts: $494.5K (38%)
Current vs Prior 7-Day Avg -86.33%
Calls: -86.70%
Puts: -85.71%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/05) 2.30
Prior (08/04) 2.94
Current vs Prior -21.92%
Prior 7-Day Average 1.35
Current vs Prior 7-Day Avg +70.06%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/05) 9,866
Calls: 8,074 (82%)
Puts: 1,792 (18%)
Prior (08/04) 13,127
Calls: 10,207 (78%)
Puts: 2,920 (22%)
Current vs Prior -24.84%
Prior 7-Day Total 125,782
Calls: 75,861 (60%)
Puts: 49,921 (40%)
Prior 7-Day Average 17,968
Calls: 10,837 (60%)
Puts: 7,131 (40%)
Current vs Prior 7-Day Avg -45.09%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.09% | 4.65%6.70% | 12.15%
Prior 3.97% | 5.40%7.08% | 12.88%
Current vs Prior -22.27% | -13.92%-5.27% | -5.69%
Prior 7-Day Avg 4.26% | 5.90%7.90% | 13.24%
Current vs 7-Day Avg -27.48% | -21.23%-15.19% | -8.25%
Prior 7-Day Eod 3.97% | 5.40%7.08% | 12.88%
Current vs 7-Day Eod -22.27% | -13.92%-5.27% | -5.69%
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 183.21% | 33.29%
Calls: 50.82% | 39.22%
Puts: 315.60% | 27.35%
Current vs 7-Day Avg +25.22% | -13.24%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 61% call dollar volume ($108.4K). Light premium activity with dollar volume down 91% vs prior. Below-average activity with volume down 86% vs prior. Extreme bearish P/C ratio of 2.30 - heavy put buying.

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. 8 found (avg delta 0.68, highest 0.93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$175.00Aug 2130.5034.20$32.3511.4%10.93290
$200.00Aug 76.208.80$7.5034.7%50.77--
$195.00Sep 1815.5019.70$17.6023.9%30.71210
$202.50Aug 73.907.40$5.6561.9%10.71--
$200.00Sep 1812.3016.20$14.2527.4%20.64935
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Aug 71.554.80$3.18102.2%200.54--

Most actively traded options today. High liquidity = easy entry/exit. 38 active (total vol 176, top 37)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Sep 181.005.20$3.10135.5%370.22544
$217.50Aug 70.001.30$0.65200.0%140.144
$220.00Sep 183.307.00$5.1571.8%120.33777
$212.50Aug 70.001.05$0.53198.1%70.1714
$210.00Sep 187.0010.70$8.8541.8%60.481.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Aug 71.554.80$3.18102.2%200.54--
$200.00Sep 43.107.20$5.1579.6%100.35--
$200.00Aug 70.102.60$1.35185.2%50.2377
$200.00Aug 140.402.65$1.53147.1%50.2537
$200.00Aug 211.355.50$3.43121.0%50.32--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 10 strikes (avg 58.0%, max 111.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$200.00Aug 7Sep 1864.8%33.6%92.8%7935
$220.00Aug 7Sep 1866.3%35.1%88.9%13777
$210.00Aug 7Sep 1852.4%35.5%47.5%71.1K
$215.00Aug 7Aug 2851.5%35.9%43.5%5893
$240.00Aug 21Sep 1852.2%38.1%37.0%5571
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Aug 2880.2%38.0%111.0%21
$200.00Aug 7Sep 1864.8%33.6%92.8%677

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 19 found (best R:R 13.71, avg 4.85)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$217.50$220.00Aug 7$0.17$2.33$0.1713.71$217.67
$215.00$232.50Aug 21$1.70$15.80$1.709.29$216.70
$230.00$240.00Sep 18$1.15$8.85$1.157.70$231.15
$207.50$227.50Aug 14$2.67$17.33$2.676.49$210.17
$215.00$240.00Aug 28$3.50$21.50$3.506.14$218.50
BEAR PUT (4)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$185.00Aug 28$0.38$4.62$0.3812.16$189.62
$200.00$190.00Aug 7$0.97$9.03$0.979.31$199.03
$205.00$200.00Aug 7$0.70$4.30$0.706.14$204.30
$207.50$205.00Aug 7$1.13$1.37$1.131.21$206.37

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 22 found (best R:R 5.25, avg 0.88)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$175.00$205.00Aug 21$25.20$25.20$4.805.25$200.20
$200.00$202.50Aug 7$1.85$1.85$0.652.85$201.85
$195.00$200.00Sep 18$3.35$3.35$1.652.03$198.35
$202.50$207.50Aug 7$3.18$3.18$1.821.75$205.68
$200.00$210.00Sep 18$5.40$5.40$4.601.17$205.40
BULL PUT (4)
SellBuyExpiryCreditMax GainMax LossR:RBE
$207.50$205.00Aug 7$1.13$1.13$1.370.82$206.37
$205.00$200.00Aug 7$0.70$0.70$4.300.16$204.30
$200.00$190.00Aug 7$0.97$0.97$9.030.11$199.03
$190.00$185.00Aug 28$0.38$0.38$4.620.08$189.62

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $3.22, cheapest $0.18)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$207.50Aug 7Aug 14$1.2847.2%32.6%
$230.00Aug 14Sep 18$2.4749.4%36.3%
$215.00Aug 7Aug 21$2.5051.5%37.0%
$205.00Aug 21Sep 4$2.6036.5%34.6%
$220.00Aug 7Sep 18$4.6766.3%35.1%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$200.00Aug 7Aug 14$0.1864.8%31.4%
$190.00Aug 7Aug 28$1.5080.2%38.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 3 found (cheapest 2.73% of stock, avg 5.66%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$207.50Aug 7$2.47$3.18$5.65$201.85$213.152.73%
$200.00Aug 7$7.50$1.35$8.85$191.15$208.854.28%
$200.00Sep 18$14.25$6.35$20.60$179.40$220.609.97%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 31 found (cheapest 0.44% of stock, avg 2.15%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$212.50$190.00Aug 7$0.53$0.38$0.91$189.09$213.41
$215.00$190.00Aug 7$0.60$0.38$0.98$189.02$215.98
$217.50$190.00Aug 7$0.65$0.38$1.03$188.97$218.53
$212.50$200.00Aug 7$0.53$1.35$1.88$198.12$214.38
$215.00$200.00Aug 7$0.60$1.35$1.95$198.05$216.95
$217.50$200.00Aug 7$0.65$1.35$2.00$198.00$219.50
$230.00$200.00Aug 14$0.63$1.53$2.16$197.84$232.16
$210.00$190.00Aug 7$1.80$0.38$2.18$187.82$212.18
$240.00$185.00Aug 28$0.78$1.50$2.28$182.72$242.28
$212.50$205.00Aug 7$0.53$2.05$2.58$202.42$215.08

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 found (best R:R 1.08, avg credit $2.06)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
205/208218/220Aug 7$1.30$1.201.08$206.20$218.80
190/200202/208Aug 7$4.15$5.850.71$195.85$206.65
200/205210/212Aug 7$1.97$3.030.65$203.03$211.97
200/205208/210Aug 7$1.37$3.630.38$203.63$208.87
190/200210/212Aug 7$2.24$7.760.29$197.76$212.24
200/205218/220Aug 7$0.87$4.130.21$204.13$218.37
190/200208/210Aug 7$1.64$8.360.20$198.36$209.14
185/190215/240Aug 28$3.88$21.120.18$186.12$218.88
190/200218/220Aug 7$1.14$8.860.13$198.86$218.64

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 4 found (best R:R 10.11, cheapest $0.90)

CALLS (4)
LowMidHighExpiryDebitMax GainR:R
$220.00$230.00$240.00Sep 18$0.90$9.1010.11
$210.00$220.00$230.00Sep 18$1.65$8.355.06
$200.00$210.00$220.00Sep 18$1.70$8.304.88
$210.00$212.50$215.00Aug 7$1.34$1.160.87
PUTS (0)
No puts found

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 23 found (best net $-0.80, 15 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$230.00$240.001:2Sep 18-$0.80$9.20
$220.00$230.001:2Sep 18-$1.05$8.95
$210.00$220.001:2Sep 18-$1.45$8.55
$207.50$215.001:2Aug 21-$0.20$7.30
$200.00$210.001:2Sep 18-$3.45$6.55
PUTS (4)
Buy KSell KRatioExpiryNetMax Gain
$205.00$200.001:2Aug 7-$0.65$4.35
$190.00$185.001:2Aug 28-$1.12$3.88
$207.50$205.001:2Aug 7-$0.92$1.58
$200.00$190.001:2Aug 7$0.59$9.41

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 10 found (best yield 3.39%, avg 1.16%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$210.00Sep 18$7.000.481.6%3.39%5.02%61.1K
$207.50Aug 21$4.200.490.4%2.03%2.45%17
$220.00Sep 18$3.300.336.5%1.60%8.07%12777
$215.00Aug 28$2.450.364.0%1.19%5.24%3184
$207.50Aug 14$2.300.470.4%1.11%1.53%15
$215.00Aug 21$2.100.314.0%1.02%5.07%228
$207.50Aug 7$1.150.470.4%0.56%0.98%2--
$230.00Sep 18$1.000.2211.3%0.48%11.79%37544
$210.00Aug 7$0.200.351.6%0.10%1.73%1--
$240.00Sep 18$0.200.1516.1%0.10%16.25%4571

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 199
Total Puts 457
Put/Call Ratio 2.30
Net Difference -258

Prior's Put/Call Breakdown

Total Calls 1,177
Total Puts 3,462
Put/Call Ratio 2.94
Net Difference -2,285

Prior 7-Day Put/Call Summary

Total Calls 6,256
Total Puts 7,899
Average Put/Call Ratio 1.35
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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