Tour v492
BIIB
BIOGEN INC
$206.28 -0.17%
(8/5 18:30) ◀
|
Thursday, August 6, 2026 (6:23pm)
January 2026
|
▶
◀ 8/6 18:23

Option Volume

Detail
ℹ
Current (08/06) 956
Calls: 250 (26%)
Puts: 706 (74%)
Prior (08/05) 656
Calls: 199 (30%)
Puts: 457 (70%)
Current vs Prior +45.73%
Calls: +25.63% (Calls)
Puts: +54.49% (Puts)
Prior 7-Day Total 14,398
Calls: 6,321 (44%)
Puts: 8,077 (56%)
Prior 7-Day Average 2,056
Calls: 903 (44%)
Puts: 1,153 (56%)
Current vs Prior 7-Day Avg -53.52%
Calls: -72.31%
Puts: -38.81%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/06) $277.0K
Calls: $121.7K (44%)
Puts: $155.3K (56%)
Prior (08/05) $179.0K
Calls: $108.4K (61%)
Puts: $70.7K (39%)
Current vs Prior +54.73%
Calls: +12.31%
Puts: +119.76%
Prior 7-Day Total $8.84M
Calls: $5.75M (65%)
Puts: $3.09M (35%)
Prior 7-Day Average $1.26M
Calls: $820.9K (65%)
Puts: $442.1K (35%)
Current vs Prior 7-Day Avg -78.07%
Calls: -85.18%
Puts: -64.87%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/06) 2.82
Prior (08/05) 2.30
Current vs Prior +22.97%
Prior 7-Day Average 1.38
Current vs Prior 7-Day Avg +104.49%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/06) 9,289
Calls: 5,050 (54%)
Puts: 4,239 (46%)
Prior (08/05) 9,866
Calls: 8,074 (82%)
Puts: 1,792 (18%)
Current vs Prior -5.85%
Prior 7-Day Total 132,662
Calls: 82,158 (62%)
Puts: 50,504 (38%)
Prior 7-Day Average 18,951
Calls: 11,736 (62%)
Puts: 7,214 (38%)
Current vs Prior 7-Day Avg -50.99%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 2.77% | 4.85%6.52% | 12.17%
Prior 3.09% | 4.65%6.70% | 12.15%
Current vs Prior -10.35% | +4.34%-2.72% | +0.17%
Prior 7-Day Avg 3.83% | 5.51%7.54% | 12.86%
Current vs 7-Day Avg -27.69% | -11.95%-13.52% | -5.40%
Prior 7-Day Eod 3.09% | 4.65%6.70% | 12.15%
Current vs 7-Day Eod -10.35% | +4.34%-2.72% | +0.17%
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 199.68% | 28.63%
Calls: 43.41% | 37.42%
Puts: 355.97% | 19.84%
Current vs 7-Day Avg +14.89% | +0.88%
Liquidity Expensive
+
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🤖 AI Insights

Elevated premium activity with dollar volume up 55% vs prior. Extreme bearish P/C ratio of 2.82 - heavy put buying.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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. 10 found (avg delta 0.69, highest 0.91)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Aug 75.307.90$6.6039.4%80.86294
$195.00Aug 2111.9015.40$13.6525.6%10.79--
$195.00Sep 1815.1018.30$16.7019.2%10.71--
$202.50Aug 72.905.70$4.3065.1%80.70297
$202.50Aug 145.308.30$6.8044.1%50.652
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Aug 2131.8035.50$33.6511.0%70.91--
$207.50Aug 214.807.80$6.3047.6%40.522

Most actively traded options today. High liquidity = easy entry/exit. 50 active (total vol 216, top 26)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Aug 70.001.50$0.75200.0%210.118
$220.00Sep 183.006.50$4.7573.7%110.32778
$200.00Aug 75.307.90$6.6039.4%80.86294
$202.50Aug 72.905.70$4.3065.1%80.70297
$215.00Aug 211.803.00$2.4050.0%60.2828
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Aug 140.000.40$0.20200.0%260.043
$200.00Aug 70.101.00$0.55163.6%240.1677
$200.00Aug 140.452.80$1.63144.2%100.26--
$240.00Aug 2131.8035.50$33.6511.0%70.91--
$202.50Aug 70.002.80$1.40200.0%60.30--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 67.1%, max 276.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$225.00Aug 7Sep 11139.9%37.2%276.4%238
$202.50Aug 7Aug 1468.3%36.0%89.8%13299
$200.00Aug 7Sep 1860.6%33.7%79.6%121.2K
$220.00Aug 14Sep 1848.3%34.5%39.8%12778
$240.00Aug 21Sep 1152.1%40.1%29.9%3--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Sep 1892.1%33.7%173.7%6412
$202.50Aug 7Aug 2168.3%32.0%113.9%1050
$200.00Aug 7Aug 2860.6%33.9%78.6%2881
$205.00Aug 7Aug 1445.3%35.4%28.0%6100
$185.00Aug 14Sep 1142.4%37.4%13.3%283

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 30 found (best R:R 49.00, avg 7.58)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$240.00$245.00Sep 11$0.10$4.90$0.1049.00$240.10
$220.00$240.00Aug 21$0.83$19.17$0.8323.10$220.83
$220.00$225.00Aug 14$0.23$4.77$0.2320.74$220.23
$212.50$225.00Aug 7$0.73$11.77$0.7316.12$213.23
$230.00$240.00Sep 11$0.80$9.20$0.8011.50$230.80
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$200.00$190.00Aug 7$0.40$9.60$0.4024.00$199.60
$200.00$190.00Aug 14$0.85$9.15$0.8510.76$199.15
$195.00$185.00Aug 28$1.00$9.00$1.009.00$194.00
$190.00$185.00Aug 14$0.58$4.42$0.587.62$189.42
$190.00$185.00Sep 11$0.72$4.28$0.725.94$189.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 33 found (best R:R 11.50, avg 1.05)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$200.00$202.50Aug 7$2.30$2.30$0.2011.50$202.30
$202.50$205.00Aug 14$1.80$1.80$0.702.57$204.30
$202.50$207.50Aug 7$3.25$3.25$1.751.86$205.75
$195.00$205.00Aug 21$6.50$6.50$3.501.86$201.50
$195.00$200.00Sep 18$2.95$2.95$2.051.44$197.95
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$240.00$207.50Aug 21$27.35$27.35$5.155.31$212.65
$207.50$202.50Aug 21$2.75$2.75$2.251.22$204.75
$205.00$200.00Aug 14$2.05$2.05$2.950.69$202.95
$202.50$200.00Aug 7$0.85$0.85$1.650.52$201.65
$195.00$190.00Sep 18$1.42$1.42$3.580.40$193.58

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $1.85, cheapest $0.13)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$220.00Aug 14Aug 21$0.1348.3%36.0%
$225.00Aug 7Aug 14$0.52139.9%55.2%
$230.00Sep 11Sep 18$0.7036.9%37.2%
$240.00Aug 21Sep 11$0.8052.1%40.1%
$210.00Aug 14Aug 21$1.5036.8%35.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$190.00Aug 7Aug 14$0.6392.1%46.7%
$200.00Aug 7Aug 14$1.0860.6%33.5%
$185.00Aug 14Aug 28$1.4542.4%43.4%
$195.00Aug 28Sep 18$1.9035.1%33.6%
$202.50Aug 7Aug 21$2.1568.3%32.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 5 found (cheapest 2.76% of stock, avg 7.49%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$202.50Aug 7$4.30$1.40$5.70$196.80$208.202.76%
$200.00Aug 7$6.60$0.55$7.15$192.85$207.153.47%
$205.00Aug 14$5.00$3.68$8.68$196.32$213.684.21%
$195.00Sep 18$16.70$4.55$21.25$173.75$216.2510.30%
$240.00Aug 21$0.80$33.65$34.45$205.55$274.4516.70%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 48 found (cheapest 0.63% of stock, avg 2.44%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$225.00$200.00Aug 7$0.75$0.55$1.30$198.70$226.30
$207.50$200.00Aug 7$1.05$0.55$1.60$198.40$209.10
$212.50$200.00Aug 7$1.48$0.55$2.03$197.97$214.53
$225.00$190.00Aug 14$1.27$0.78$2.05$187.95$227.05
$227.50$190.00Aug 14$1.33$0.78$2.11$187.89$229.61
$225.00$202.50Aug 7$0.75$1.40$2.15$200.35$227.15
$225.00$205.00Aug 7$0.75$1.43$2.18$202.82$227.18
$220.00$190.00Aug 14$1.50$0.78$2.28$187.72$222.28
$207.50$202.50Aug 7$1.05$1.40$2.45$200.05$209.95
$207.50$205.00Aug 7$1.05$1.43$2.48$202.52$209.98

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 26 found (best R:R 17.52, avg credit $2.78)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
202/208210/215Aug 21$4.73$0.2717.52$202.77$214.73
202/208215/220Aug 21$3.52$1.482.38$203.98$218.52
190/195200/210Sep 18$6.32$3.681.72$188.68$206.32
195/200210/215Aug 28$2.90$2.101.38$197.10$212.90
190/195210/220Sep 18$5.52$4.481.23$189.48$215.52
185/190205/210Aug 14$2.70$2.301.17$187.30$207.70
185/190202/205Aug 14$2.38$2.620.91$187.62$204.88
200/205220/225Aug 14$2.28$2.720.84$202.72$222.28
190/200202/208Aug 7$3.65$6.350.57$196.35$206.15
200/205210/220Aug 14$3.43$6.570.52$201.57$213.43

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 5 found (best R:R 11.50, cheapest $0.79)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$200.00$210.00$220.00Sep 18$0.80$9.2011.50
$205.00$210.00$215.00Aug 21$0.79$4.215.33
$210.00$215.00$220.00Aug 21$1.21$3.793.13
$210.00$220.00$230.00Sep 18$2.45$7.553.08
$202.50$207.50$212.50Aug 7$3.68$1.320.36
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. 35 found (best net $-0.02, 26 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$212.50$225.001:2Aug 7-$0.02$12.48
$210.00$220.001:2Aug 14-$0.12$9.88
$195.00$205.001:2Aug 21-$0.65$9.35
$210.00$220.001:2Sep 18-$0.65$9.35
$230.00$240.001:2Sep 11-$0.80$9.20
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$185.00$175.001:2Aug 14-$0.06$9.94
$195.00$185.001:2Aug 28-$0.65$9.35
$207.50$202.501:2Aug 21-$0.80$4.20
$200.00$195.001:2Aug 28-$1.25$3.75
$190.00$185.001:2Sep 11-$1.41$3.59

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 15 found (best yield 3.68%, avg 1.11%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$210.00Sep 18$7.600.471.8%3.68%5.49%4--
$210.00Sep 4$4.700.451.8%2.28%4.08%11
$210.00Aug 28$3.800.441.8%1.84%3.65%1--
$215.00Sep 4$3.400.374.2%1.65%5.88%1--
$220.00Sep 18$3.000.326.7%1.45%8.11%11778
$210.00Aug 21$2.950.421.8%1.43%3.23%4204
$215.00Aug 28$2.000.344.2%0.97%5.20%2185
$215.00Aug 21$1.800.284.2%0.87%5.10%628
$230.00Sep 18$1.800.2211.5%0.87%12.37%6512
$225.00Sep 11$1.300.259.1%0.63%9.71%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 250
Total Puts 706
Put/Call Ratio 2.82
Net Difference -456

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 6,321
Total Puts 8,077
Average Put/Call Ratio 1.38
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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