Tour v381
CAH
CARDINAL HEALTH INC
$227.09 +0.59%
$226.19 (-0.40%)🌙
as of 07/21 06:18 PM
7/21 18:18

Option Volume

Detail
Current (07/21) 1,006
Calls: 391 (39%)
Puts: 615 (61%)
Prior (07/20) 1,014
Calls: 499 (49%)
Puts: 515 (51%)
Current vs Prior -0.79%
Calls: -21.64% (Calls)
Puts: +19.42% (Puts)
Prior 7-Day Total 11,171
Calls: 6,908 (62%)
Puts: 4,263 (38%)
Prior 7-Day Average 1,595
Calls: 986 (62%)
Puts: 609 (38%)
Current vs Prior 7-Day Avg -36.96%
Calls: -60.38%
Puts: +0.99%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/21) $825.4K
Calls: $485.6K (59%)
Puts: $339.8K (41%)
Prior (07/20) $864.1K
Calls: $670.6K (78%)
Puts: $193.5K (22%)
Current vs Prior -4.48%
Calls: -27.59%
Puts: +75.60%
Prior 7-Day Total $7.32M
Calls: $5.41M (74%)
Puts: $1.91M (26%)
Prior 7-Day Average $1.05M
Calls: $773.5K (74%)
Puts: $272.2K (26%)
Current vs Prior 7-Day Avg -21.07%
Calls: -37.21%
Puts: +24.81%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/21) 1.57
Prior (07/20) 1.03
Current vs Prior +52.40%
Prior 7-Day Average 1.07
Current vs Prior 7-Day Avg +46.73%
Sentiment BEARISH

Open Interest

Detail
Current (07/21) 4,286
Calls: 1,268 (30%)
Puts: 3,018 (70%)
Prior (07/20) 7,531
Calls: 2,499 (33%)
Puts: 5,032 (67%)
Current vs Prior -43.09%
Prior 7-Day Total 49,323
Calls: 31,039 (63%)
Puts: 18,284 (37%)
Prior 7-Day Average 7,046
Calls: 4,434 (63%)
Puts: 2,612 (37%)
Current vs Prior 7-Day Avg -39.17%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 2.81% | 4.25%9.09% | 12.97%
Prior 3.15% | 4.43%9.44% | 12.80%
Current vs Prior -10.67% | -4.07%-3.62% | +1.30%
Prior 7-Day Avg 2.99% | 4.26%3.62% | 11.61%
Current vs 7-Day Avg -6.11% | -0.34%+151.06% | +11.68%
Prior 7-Day Eod 3.15% | 4.43%9.44% | 12.80%
Current vs 7-Day Eod -10.67% | -4.07%-3.62% | +1.30%
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

Extreme bearish P/C ratio of 1.57 - heavy put buying. P/C ratio rising 52% - increased hedging/bearish positioning. Put-heavy open interest (3,018 puts vs 1,268 calls) suggests hedging or bearish positioning. Declining open interest (down 43%) 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 BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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. 16 found (avg delta 0.70, highest 0.91)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$215.00Jul 2411.4013.00$12.2013.1%30.91--
$217.50Jul 319.3012.70$11.0030.9%10.81--
$210.00Aug 1419.8022.30$21.0511.9%10.772
$222.50Jul 245.305.90$5.6010.7%30.76--
$210.00Aug 2820.4024.00$22.2016.2%30.76--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Jul 247.7010.30$9.0028.9%650.86--
$235.00Jul 317.4011.00$9.2039.1%60.76--
$235.00Aug 79.3011.00$10.1516.7%650.70--
$230.00Jul 243.904.50$4.2014.3%120.6828
$240.00Aug 2816.8018.80$17.8011.2%10.66--

Most actively traded options today. High liquidity = easy entry/exit. 44 active (total vol 787, top 149)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Aug 2113.6015.40$14.5012.4%970.6477
$237.50Aug 214.907.00$5.9535.3%320.36--
$240.00Aug 71.152.00$1.5853.8%290.20--
$232.50Jul 240.550.90$0.7347.9%160.2022
$235.00Jul 311.101.75$1.4345.5%150.2362
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Jul 240.400.65$0.5347.2%1490.1521
$227.50Jul 242.302.95$2.6324.7%670.52104
$235.00Jul 247.7010.30$9.0028.9%650.86--
$227.50Jul 313.804.70$4.2521.2%650.51--
$235.00Aug 79.3011.00$10.1516.7%650.70--

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 15.0%, max 25.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$235.00Jul 24Jul 3135.6%28.3%25.8%1776
$237.50Jul 24Aug 2147.3%38.3%23.4%336
$210.00Aug 14Aug 2843.7%38.3%14.1%42
$250.00Aug 14Aug 2840.0%35.9%11.6%62
$227.50Jul 24Jul 3130.4%28.2%8.0%9--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$217.50Jul 24Jul 3138.2%30.9%23.4%2715
$235.00Jul 24Aug 735.6%29.3%21.4%130--
$220.00Jul 24Jul 3134.0%29.8%14.0%15638
$230.00Jul 24Jul 3130.3%28.1%8.1%1829
$227.50Jul 24Jul 3130.4%28.2%8.0%132104

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 23 found (best R:R 15.67, avg 3.20)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$232.50$235.00Jul 24$0.20$2.30$0.2011.50$232.70
$230.00$232.50Jul 24$0.54$1.96$0.543.63$230.54
$250.00$255.00Aug 28$1.35$3.65$1.352.70$251.35
$230.00$250.00Aug 14$5.97$14.03$5.972.35$235.97
$227.50$235.00Jul 31$2.52$4.98$2.521.98$230.02
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$220.00$217.50Jul 24$0.15$2.35$0.1515.67$219.85
$210.00$200.00Aug 21$1.15$8.85$1.157.70$208.85
$220.00$217.50Jul 31$0.48$2.02$0.484.21$219.52
$225.00$220.00Jul 24$1.10$3.90$1.103.55$223.90
$225.00$200.00Aug 14$6.37$18.63$6.372.92$218.63

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 29 found (best R:R 24.00, avg 1.96)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$215.00$222.50Jul 24$6.60$6.60$0.907.33$221.60
$220.00$225.00Aug 21$3.75$3.75$1.253.00$223.75
$222.50$225.00Jul 24$1.85$1.85$0.652.85$224.35
$217.50$227.50Jul 31$7.05$7.05$2.952.39$224.55
$210.00$230.00Aug 14$12.80$12.80$7.201.78$222.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$235.00$230.00Jul 24$4.80$4.80$0.2024.00$230.20
$235.00$230.00Jul 31$3.60$3.60$1.402.57$231.40
$230.00$227.50Jul 24$1.57$1.57$0.931.69$228.43
$230.00$227.50Jul 31$1.35$1.35$1.151.17$228.65
$227.50$225.00Jul 31$1.07$1.07$1.430.75$226.43

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $2.17, cheapest $0.17)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$250.00Aug 14Aug 21$0.1740.0%36.1%
$235.00Jul 24Jul 31$0.9035.6%28.3%
$210.00Aug 14Aug 28$1.1543.7%38.3%
$227.50Jul 24Jul 31$1.7030.4%28.2%
$237.50Jul 24Aug 21$5.2247.3%38.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$235.00Jul 24Jul 31$0.2035.6%28.3%
$200.00Aug 14Aug 21$0.3246.6%43.3%
$217.50Jul 24Jul 31$0.8938.2%30.9%
$220.00Jul 24Jul 31$1.2234.0%29.8%
$230.00Jul 24Jul 31$1.4030.3%28.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 9 found (cheapest 2.15% of stock, avg 4.32%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$227.50Jul 24$2.25$2.63$4.88$222.62$232.382.15%
$225.00Jul 24$3.75$1.63$5.38$219.62$230.382.37%
$230.00Jul 24$1.27$4.20$5.47$224.53$235.472.41%
$227.50Jul 31$3.95$4.25$8.20$219.30$235.703.61%
$235.00Jul 24$0.53$9.00$9.53$225.47$244.534.20%
$235.00Jul 31$1.43$9.20$10.63$224.37$245.634.68%
$217.50Jul 31$11.00$1.27$12.27$205.23$229.775.40%
$215.00Jul 24$12.20$0.35$12.55$202.45$227.555.53%
$225.00Aug 21$10.75$8.65$19.40$205.60$244.408.54%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 42 found (cheapest 0.39% of stock, avg 2.19%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$235.00$215.00Jul 24$0.53$0.35$0.88$214.12$235.88
$235.00$217.50Jul 24$0.53$0.38$0.91$216.59$235.91
$235.00$220.00Jul 24$0.53$0.53$1.06$218.94$236.06
$232.50$215.00Jul 24$0.73$0.35$1.08$213.92$233.58
$237.50$215.00Jul 24$0.73$0.35$1.08$213.92$238.58
$232.50$217.50Jul 24$0.73$0.38$1.11$216.39$233.61
$237.50$217.50Jul 24$0.73$0.38$1.11$216.39$238.61
$232.50$220.00Jul 24$0.73$0.53$1.26$218.74$233.76
$237.50$220.00Jul 24$0.73$0.53$1.26$218.74$238.76
$230.00$215.00Jul 24$1.27$0.35$1.62$213.38$231.62

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 20 found (best R:R 4.00, avg credit $3.29)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
218/220222/225Jul 24$2.00$0.504.00$218.00$224.50
228/230232/235Jul 24$1.77$0.732.42$228.23$234.27
218/220225/228Jul 24$1.65$0.851.94$218.35$226.65
225/228230/232Jul 24$1.54$0.961.60$225.96$231.54
220/225228/235Jul 31$3.95$3.551.11$221.05$231.45
210/225238/245Aug 21$7.87$7.131.10$217.13$245.37
200/225230/250Aug 14$12.34$12.660.97$212.66$242.34
200/210220/225Aug 21$4.90$5.100.96$205.10$224.90
225/228232/235Jul 24$1.20$1.300.92$226.30$233.70
200/210225/238Aug 21$5.95$6.550.91$204.05$230.95

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 9 found (best R:R 19.83, cheapest $0.12)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$230.00$232.50$235.00Jul 24$0.34$2.166.35
$222.50$225.00$227.50Jul 24$0.35$2.156.14
$232.50$235.00$237.50Jul 24$0.40$2.105.25
$227.50$230.00$232.50Jul 24$0.44$2.064.68
$225.00$227.50$230.00Jul 24$0.52$1.983.81
PUTS (3)
LowMidHighExpiryDebitMax GainR:R
$215.00$217.50$220.00Jul 24$0.12$2.3819.83
$225.00$227.50$230.00Jul 31$0.28$2.227.93
$225.00$227.50$230.00Jul 24$0.57$1.933.39

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 29 found (best net $-1.15, 19 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$225.00$237.501:2Aug 21-$1.15$11.35
$237.50$245.001:2Aug 21-$0.81$6.69
$250.00$255.001:2Aug 28-$0.43$4.57
$230.00$232.501:2Jul 24-$0.19$2.31
$227.50$230.001:2Jul 24-$0.29$2.21
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$200.001:2Aug 21-$1.05$8.95
$225.00$220.001:2Jul 31-$0.32$4.68
$235.00$230.001:2Jul 31-$2.00$3.00
$220.00$217.501:2Jul 24-$0.23$2.27
$217.50$215.001:2Jul 24-$0.32$2.18

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 15 found (best yield 3.21%, avg 0.94%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Aug 14$7.300.471.3%3.21%4.50%1--
$237.50Aug 21$4.900.364.6%2.16%6.74%32--
$227.50Jul 31$3.500.490.2%1.54%1.72%5--
$247.50Aug 21$2.200.249.0%0.97%9.96%62
$250.00Aug 28$2.150.2210.1%0.95%11.04%4--
$250.00Aug 21$2.100.1910.1%0.92%11.01%4--
$245.00Aug 21$2.050.257.9%0.90%8.79%2--
$227.50Jul 24$2.000.480.2%0.88%1.06%4--
$250.00Aug 14$1.350.1910.1%0.59%10.68%22
$240.00Aug 7$1.150.205.7%0.51%6.19%29--

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 391
Total Puts 615
Put/Call Ratio 1.57
Net Difference -224

Prior's Put/Call Breakdown

Total Calls 499
Total Puts 515
Put/Call Ratio 1.03
Net Difference -16

Prior 7-Day Put/Call Summary

Total Calls 6,908
Total Puts 4,263
Average Put/Call Ratio 1.07
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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