Tour v344
CAH
CARDINAL HEALTH INC
$228.72 +1.68%
$226.16 (-1.12%)🌙
as of 07/16 06:16 PM
7/16 18:16

Option Volume

Detail
Current (07/16) 660
Calls: 485 (73%)
Puts: 175 (27%)
Prior (07/15) 2,339
Calls: 2,012 (86%)
Puts: 327 (14%)
Current vs Prior -71.78%
Calls: -75.89% (Calls)
Puts: -46.48% (Puts)
Prior 7-Day Total 10,351
Calls: 6,662 (64%)
Puts: 3,689 (36%)
Prior 7-Day Average 1,478
Calls: 951 (64%)
Puts: 527 (36%)
Current vs Prior 7-Day Avg -55.37%
Calls: -49.04%
Puts: -66.79%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/16) $399.1K
Calls: $354.1K (89%)
Puts: $45.0K (11%)
Prior (07/15) $1.07M
Calls: $784.8K (73%)
Puts: $289.4K (27%)
Current vs Prior -62.85%
Calls: -54.89%
Puts: -84.45%
Prior 7-Day Total $7.44M
Calls: $5.63M (76%)
Puts: $1.81M (24%)
Prior 7-Day Average $1.06M
Calls: $804.8K (76%)
Puts: $258.5K (24%)
Current vs Prior 7-Day Avg -62.47%
Calls: -56.01%
Puts: -82.59%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/16) 0.36
Prior (07/15) 0.16
Current vs Prior +122.01%
Prior 7-Day Average 0.99
Current vs Prior 7-Day Avg -63.69%
Sentiment BULLISH

Open Interest

Detail
Current (07/16) 6,247
Calls: 5,612 (90%)
Puts: 635 (10%)
Prior (07/15) 6,919
Calls: 3,150 (46%)
Puts: 3,769 (54%)
Current vs Prior -9.71%
Prior 7-Day Total 48,519
Calls: 32,855 (68%)
Puts: 15,664 (32%)
Prior 7-Day Average 6,931
Calls: 4,693 (68%)
Puts: 2,237 (32%)
Current vs Prior 7-Day Avg -9.87%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 2.20% | 3.93%2.20% | 11.39%
Prior 3.05% | 3.98%3.05% | 11.58%
Current vs Prior -27.78% | -1.10%-27.78% | -1.65%
Prior 7-Day Avg 2.79% | 4.06%3.40% | 11.53%
Current vs 7-Day Avg -21.13% | -3.14%-35.26% | -1.25%
Prior 7-Day Eod 3.05% | 3.98%3.05% | 11.58%
Current vs 7-Day Eod -27.78% | -1.10%-27.78% | -1.65%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 65.74% | 24.55%
Calls: 59.26% | 25.29%
Puts: 72.22% | 23.81%
Prior 65.74% | 24.55%
Calls: 59.26% | 25.29%
Puts: 72.22% | 23.81%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 65.74% | 24.55%
Calls: 59.26% | 25.29%
Puts: 72.22% | 23.81%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 89% of dollar volume in calls ($354.1K) vs puts ($45.0K). Light premium activity with dollar volume down 63% vs prior. Below-average activity with volume down 72% vs prior. Extreme bullish P/C ratio of 0.36 - heavy call buying (485 calls vs 175 puts).

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
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 8.9%, best 8.9%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Aug 2115.0016.40$15.708.9%10.6675
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. 14 found (avg delta 0.73, highest 0.92)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Jul 177.1010.70$8.9040.4%20.92--
$215.00Jul 1712.3015.50$13.9023.0%30.913
$222.50Jul 174.908.30$6.6051.5%30.907
$220.00Jul 248.0011.20$9.6033.3%20.83--
$220.00Aug 710.5014.00$12.2528.6%20.738
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Jul 2410.4013.50$11.9525.9%10.8613
$232.50Jul 172.756.00$4.3874.2%10.81--
$230.00Jul 171.004.00$2.50120.0%130.58--

Most actively traded options today. High liquidity = easy entry/exit. 48 active (total vol 581, top 242)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Jul 170.050.45$0.25160.0%2420.081.3K
$230.00Aug 219.5010.80$10.1512.8%670.51530
$230.00Jul 171.052.05$1.5564.5%180.43126
$260.00Aug 211.151.95$1.5551.6%160.13306
$232.50Jul 170.001.05$0.53198.1%100.2217
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Aug 70.001.10$0.55200.0%420.05--
$225.00Jul 170.002.65$1.33199.2%260.2821
$215.00Aug 71.252.20$1.7354.9%260.184
$225.00Jul 241.602.45$2.0341.9%160.3315
$230.00Jul 171.004.00$2.50120.0%130.58--

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 86.3%, max 219.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$237.50Jul 17Jul 3148.7%25.0%95.1%3--
$240.00Jul 17Aug 2164.3%34.9%84.3%2511.9K
$235.00Jul 17Aug 744.6%26.5%68.5%371
$220.00Jul 17Aug 2158.2%35.6%63.2%375
$230.00Jul 17Aug 2143.2%37.1%16.5%85656
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$215.00Jul 17Aug 794.8%29.7%219.6%284
$225.00Jul 17Jul 2464.1%27.2%135.5%4236
$220.00Jul 17Jul 2458.2%29.0%100.3%1193
$222.50Jul 17Jul 2446.7%27.3%71.1%1292

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 29 found (best R:R 82.33, avg 10.16)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$240.00$250.00Jul 17$0.12$9.88$0.1282.33$240.12
$235.00$237.50Jul 17$0.15$2.35$0.1515.67$235.15
$260.00$270.00Aug 21$0.70$9.30$0.7013.29$260.70
$232.50$235.00Jul 17$0.20$2.30$0.2011.50$232.70
$240.00$242.50Jul 31$0.32$2.18$0.326.81$240.32
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$205.00$195.00Aug 7$0.13$9.87$0.1375.92$204.87
$220.00$215.00Jul 24$0.18$4.82$0.1826.78$219.82
$210.00$205.00Aug 7$0.47$4.53$0.479.64$209.53
$215.00$210.00Aug 7$0.58$4.42$0.587.62$214.42
$222.50$220.00Jul 24$0.37$2.13$0.375.76$222.13

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 34 found (best R:R 11.50, avg 1.12)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$220.00$222.50Jul 17$2.30$2.30$0.2011.50$222.30
$222.50$227.50Jul 17$4.07$4.07$0.934.38$226.57
$220.00$225.00Jul 24$3.55$3.55$1.452.45$223.55
$220.00$230.00Aug 7$6.65$6.65$3.351.99$226.65
$225.00$230.00Jul 24$3.12$3.12$1.881.66$228.12
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$232.50$230.00Jul 17$1.88$1.88$0.623.03$230.62
$240.00$227.50Jul 24$9.17$9.17$3.332.75$230.83
$225.00$222.50Jul 17$1.05$1.05$1.450.72$223.95
$227.50$225.00Jul 24$0.75$0.75$1.750.43$226.75
$225.00$222.50Jul 24$0.73$0.73$1.770.41$224.27

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $0.91, cheapest $0.30)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$220.00Jul 17Jul 24$0.7058.2%29.0%
$240.00Jul 17Jul 31$0.8564.3%25.1%
$235.00Jul 17Jul 24$0.9244.6%25.7%
$225.00Jul 24Jul 31$1.1027.2%24.9%
$230.00Jul 17Jul 24$1.3843.2%25.8%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$215.00Jul 17Jul 24$0.3094.8%36.9%
$220.00Jul 17Jul 24$0.6858.2%29.0%
$225.00Jul 17Jul 24$0.7064.1%27.2%
$222.50Jul 17Jul 24$1.0246.7%27.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 7 found (cheapest 1.77% of stock, avg 3.62%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$230.00Jul 17$1.55$2.50$4.05$225.95$234.051.77%
$232.50Jul 17$0.53$4.38$4.91$227.59$237.412.15%
$222.50Jul 17$6.60$0.28$6.88$215.62$229.383.01%
$225.00Jul 24$6.05$2.03$8.08$216.92$233.083.53%
$220.00Jul 17$8.90$0.25$9.15$210.85$229.154.00%
$220.00Jul 24$9.60$0.93$10.53$209.47$230.534.60%
$215.00Jul 17$13.90$0.45$14.35$200.65$229.356.27%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 46 found (cheapest 0.19% of stock, avg 1.20%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$237.50$220.00Jul 17$0.18$0.25$0.43$219.57$237.93
$237.50$222.50Jul 17$0.18$0.28$0.46$222.04$237.96
$240.00$220.00Jul 17$0.25$0.25$0.50$219.50$240.50
$240.00$222.50Jul 17$0.25$0.28$0.53$221.97$240.53
$235.00$220.00Jul 17$0.33$0.25$0.58$219.42$235.58
$235.00$222.50Jul 17$0.33$0.28$0.61$221.89$235.61
$237.50$215.00Jul 17$0.18$0.45$0.63$214.37$238.13
$240.00$215.00Jul 17$0.25$0.45$0.70$214.30$240.70
$232.50$220.00Jul 17$0.53$0.25$0.78$219.22$233.28
$235.00$215.00Jul 17$0.33$0.45$0.78$214.22$235.78

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 28 found (best R:R 4.81, avg credit $2.47)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
222/225230/232Jul 17$2.07$0.434.81$222.93$232.07
222/225228/230Jul 17$2.03$0.474.32$222.97$229.53
230/232235/238Jul 17$2.03$0.474.32$230.47$237.03
210/215220/230Aug 7$7.23$2.772.61$207.77$227.23
205/210220/230Aug 7$7.12$2.882.47$202.88$227.12
220/222225/230Jul 24$3.49$1.512.31$219.01$228.49
195/205220/230Aug 7$6.78$3.222.11$198.22$226.78
215/220225/230Jul 24$3.30$1.701.94$216.70$228.30
210/215230/235Aug 7$2.73$2.271.20$212.27$232.73
205/210230/235Aug 7$2.62$2.381.10$207.38$232.62

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 11 found (best R:R 44.45, cheapest $0.11)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$235.00$237.50$240.00Jul 31$0.14$2.3616.86
$237.50$240.00$242.50Jul 31$0.16$2.3414.62
$220.00$225.00$230.00Jul 24$0.43$4.5710.63
$235.00$237.50$240.00Jul 17$0.22$2.2810.36
$220.00$230.00$240.00Aug 21$1.05$8.958.52
PUTS (3)
LowMidHighExpiryDebitMax GainR:R
$205.00$210.00$215.00Aug 7$0.11$4.8944.45
$220.00$222.50$225.00Jul 24$0.36$2.145.94
$220.00$222.50$225.00Jul 17$1.02$1.481.45

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 38 found (best net $-0.01, 28 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$250.001:2Jul 17-$0.01$9.99
$260.00$270.001:2Aug 21-$0.15$9.85
$230.00$240.001:2Aug 21-$1.15$8.85
$230.00$240.001:2Aug 14-$1.20$8.80
$220.00$230.001:2Aug 21-$4.60$5.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$205.00$195.001:2Aug 7-$0.42$9.58
$230.00$225.001:2Jul 17-$0.16$4.84
$210.00$205.001:2Aug 7-$0.21$4.79
$220.00$215.001:2Jul 24-$0.57$4.43
$215.00$210.001:2Aug 7-$0.57$4.43

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 17 found (best yield 4.15%, avg 1.23%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Aug 21$9.500.510.6%4.15%4.71%67530
$230.00Aug 14$8.400.500.6%3.67%4.23%11
$230.00Aug 7$4.900.490.6%2.14%2.70%25
$240.00Aug 21$4.900.354.9%2.14%7.07%9620
$240.00Aug 14$4.400.344.9%1.92%6.86%12
$235.00Aug 7$2.900.362.8%1.27%4.01%2--
$230.00Jul 24$2.550.460.6%1.11%1.67%6--
$235.00Jul 31$1.800.312.8%0.79%3.53%115
$240.00Aug 7$1.600.264.9%0.70%5.63%2--
$237.50Jul 31$1.200.243.8%0.52%4.36%1--

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 485
Total Puts 175
Put/Call Ratio 0.36
Net Difference 310

Prior's Put/Call Breakdown

Total Calls 2,012
Total Puts 327
Put/Call Ratio 0.16
Net Difference 1,685

Prior 7-Day Put/Call Summary

Total Calls 6,662
Total Puts 3,689
Average Put/Call Ratio 0.99
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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