Tour v388
CAH
CARDINAL HEALTH INC
$220.54 -2.88%
$220.00 (-0.24%)🌙
as of 07/22 06:51 PM
7/22 18:51

Option Volume

Detail
Current (07/22) 1,985
Calls: 770 (39%)
Puts: 1,215 (61%)
Prior (07/21) 1,006
Calls: 391 (39%)
Puts: 615 (61%)
Current vs Prior +97.32%
Calls: +96.93% (Calls)
Puts: +97.56% (Puts)
Prior 7-Day Total 9,638
Calls: 5,361 (56%)
Puts: 4,277 (44%)
Prior 7-Day Average 1,376
Calls: 765 (56%)
Puts: 611 (44%)
Current vs Prior 7-Day Avg +44.17%
Calls: +0.54%
Puts: +98.85%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/22) $1.35M
Calls: $679.2K (50%)
Puts: $672.3K (50%)
Prior (07/21) $825.4K
Calls: $485.6K (59%)
Puts: $339.8K (41%)
Current vs Prior +63.74%
Calls: +39.85%
Puts: +97.88%
Prior 7-Day Total $6.01M
Calls: $3.90M (65%)
Puts: $2.11M (35%)
Prior 7-Day Average $858.2K
Calls: $556.5K (65%)
Puts: $301.7K (35%)
Current vs Prior 7-Day Avg +57.48%
Calls: +22.04%
Puts: +122.87%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/22) 1.58
Prior (07/21) 1.57
Current vs Prior +0.32%
Prior 7-Day Average 1.25
Current vs Prior 7-Day Avg +26.00%
Sentiment BEARISH

Open Interest

Detail
Current (07/22) 4,911
Calls: 2,700 (55%)
Puts: 2,211 (45%)
Prior (07/21) 4,286
Calls: 1,268 (30%)
Puts: 3,018 (70%)
Current vs Prior +14.58%
Prior 7-Day Total 45,656
Calls: 27,585 (60%)
Puts: 18,071 (40%)
Prior 7-Day Average 6,522
Calls: 3,940 (60%)
Puts: 2,581 (40%)
Current vs Prior 7-Day Avg -24.70%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 2.50% | 3.72%9.25% | 13.33%
Prior 2.81% | 4.25%9.09% | 12.97%
Current vs Prior -10.91% | -12.50%+1.72% | +2.80%
Prior 7-Day Avg 2.92% | 4.25%4.45% | 11.85%
Current vs 7-Day Avg -14.40% | -12.58%+107.80% | +12.46%
Prior 7-Day Eod 2.81% | 4.25%9.09% | 12.97%
Current vs 7-Day Eod -10.91% | -12.50%+1.72% | +2.80%
Sentiment BULLISHBEARISH

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

Elevated premium activity with dollar volume up 64% vs prior. Dollar volume significantly above 7-day average (57% higher). Above-average activity with volume up 97% vs prior. Extreme bearish P/C ratio of 1.58 - 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 NEUTRAL
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. 12 found (avg delta 0.71, highest 0.89)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$215.00Jul 244.508.00$6.2556.0%30.8443
$220.00Jul 313.604.80$4.2028.6%480.52209
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$227.50Jul 245.008.50$6.7551.9%200.8953
$232.50Jul 249.8012.70$11.2525.8%10.88--
$230.00Jul 317.9011.40$9.6536.3%50.85--
$225.00Jul 243.706.00$4.8547.4%2570.7953
$230.00Aug 79.7011.70$10.7018.7%10.74--

Most actively traded options today. High liquidity = easy entry/exit. 46 active (total vol 849, top 257)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 211.303.80$2.5598.0%2180.18318
$232.50Jul 310.450.90$0.6866.2%980.13157
$220.00Jul 313.604.80$4.2028.6%480.52209
$237.50Jul 240.001.15$0.57201.8%170.107
$232.50Jul 240.001.20$0.60200.0%140.1238
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Jul 243.706.00$4.8547.4%2570.7953
$220.00Jul 241.452.00$1.7331.8%270.45169
$217.50Jul 240.751.05$0.9033.3%250.2720
$227.50Jul 245.008.50$6.7551.9%200.8953
$195.00Aug 211.652.20$1.9328.5%170.1425

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 9 strikes (avg 41.6%, max 116.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$232.50Jul 24Jul 3161.5%30.5%101.6%112195
$230.00Jul 24Aug 1469.8%41.5%68.4%1336
$227.50Jul 24Jul 3134.5%26.8%28.8%6--
$240.00Jul 31Aug 2142.2%37.2%13.4%3--
$255.00Aug 14Aug 2142.3%42.1%0.5%23
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$212.50Jul 24Jul 3164.4%29.8%116.4%5--
$222.50Jul 24Jul 3137.6%29.5%27.4%922
$220.00Jul 24Aug 731.9%28.9%10.3%38169
$205.00Jul 31Aug 736.7%34.2%7.3%2--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 26 found (best R:R 27.26, avg 6.74)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$235.00$240.00Jul 31$0.20$4.80$0.2024.00$235.20
$240.00$250.00Aug 21$0.40$9.60$0.4024.00$240.40
$227.50$232.50Jul 31$0.47$4.53$0.479.64$227.97
$225.00$227.50Jul 24$0.35$2.15$0.356.14$225.35
$230.00$255.00Aug 14$4.48$20.52$4.484.58$234.48
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$212.50$180.00Jul 24$1.15$31.35$1.1527.26$211.35
$222.50$220.00Jul 31$0.12$2.38$0.1219.83$222.38
$210.00$205.00Jul 31$0.32$4.68$0.3214.63$209.68
$212.50$210.00Jul 31$0.35$2.15$0.356.14$212.15
$217.50$215.00Jul 24$0.40$2.10$0.405.25$217.10

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 32 found (best R:R 9.00, avg 1.18)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$215.00$222.50Jul 24$4.65$4.65$2.851.63$219.65
$220.00$227.50Jul 31$3.05$3.05$4.450.69$223.05
$222.50$225.00Jul 24$0.95$0.95$1.550.61$223.45
$225.00$230.00Aug 14$1.85$1.85$3.150.59$226.85
$230.00$232.50Jul 24$0.73$0.73$1.770.41$230.73
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$232.50$227.50Jul 24$4.50$4.50$0.509.00$228.00
$225.00$222.50Jul 31$2.20$2.20$0.307.33$222.80
$227.50$225.00Jul 24$1.90$1.90$0.603.17$225.60
$225.00$222.50Jul 24$1.75$1.75$0.752.33$223.25
$230.00$225.00Jul 31$3.45$3.45$1.552.23$226.55

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $2.30, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$232.50Jul 24Jul 31$0.0861.5%30.5%
$255.00Aug 14Aug 21$0.5642.3%42.1%
$227.50Jul 24Jul 31$0.8534.5%26.8%
$240.00Jul 31Aug 21$2.2742.2%37.2%
$235.00Jul 31Aug 21$3.4237.3%38.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$212.50Jul 24Jul 31$0.1064.4%29.8%
$205.00Jul 31Aug 7$0.5536.7%34.2%
$222.50Jul 24Jul 31$0.9037.6%29.5%
$230.00Jul 31Aug 7$1.0526.6%29.9%
$225.00Jul 24Jul 31$1.3533.5%28.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 6 found (cheapest 2.13% of stock, avg 3.32%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$222.50Jul 24$1.60$3.10$4.70$217.80$227.202.13%
$225.00Jul 24$0.65$4.85$5.50$219.50$230.502.49%
$215.00Jul 24$6.25$0.50$6.75$208.25$221.753.06%
$227.50Jul 24$0.30$6.75$7.05$220.45$234.553.20%
$220.00Jul 31$4.20$3.88$8.08$211.92$228.083.66%
$232.50Jul 24$0.60$11.25$11.85$220.65$244.355.37%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 58 found (cheapest 0.36% of stock, avg 1.75%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$227.50$215.00Jul 24$0.30$0.50$0.80$214.20$228.30
$232.50$215.00Jul 24$0.60$0.50$1.10$213.90$233.60
$225.00$215.00Jul 24$0.65$0.50$1.15$213.85$226.15
$227.50$217.50Jul 24$0.30$0.90$1.20$216.30$228.70
$232.50$205.00Jul 31$0.68$0.63$1.31$203.69$233.81
$240.00$205.00Jul 31$0.68$0.63$1.31$203.69$241.31
$232.50$217.50Jul 24$0.60$0.90$1.50$216.00$234.00
$227.50$212.50Jul 24$0.30$1.20$1.50$211.00$229.00
$235.00$205.00Jul 31$0.88$0.63$1.51$203.49$236.51
$225.00$217.50Jul 24$0.65$0.90$1.55$215.95$226.55

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 40 found (best R:R 19.00, avg credit $2.50)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
225/230235/240Aug 21$4.75$0.2519.00$225.25$239.75
225/230250/255Aug 21$4.37$0.636.94$225.63$254.37
220/222230/232Jul 24$2.10$0.405.25$220.40$232.10
225/230235/240Jul 31$3.65$1.352.70$226.35$238.65
218/220222/225Jul 24$1.78$0.722.47$218.22$224.28
220/222225/228Jul 24$1.72$0.782.21$220.78$226.72
218/220230/232Jul 24$1.56$0.941.66$218.44$231.56
215/225235/240Aug 21$6.10$3.901.56$218.90$241.10
215/225250/255Aug 21$5.72$4.281.34$219.28$255.72
210/215235/240Aug 21$2.85$2.151.33$212.15$237.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 9 found (best R:R 15.67, cheapest $0.15)

CALLS (3)
LowMidHighExpiryDebitMax GainR:R
$250.00$255.00$260.00Aug 21$0.97$4.034.15
$222.50$225.00$227.50Jul 24$0.60$1.903.17
$225.00$227.50$230.00Jul 24$1.38$1.120.81
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$222.50$225.00$227.50Jul 24$0.15$2.3515.67
$220.00$222.50$225.00Jul 24$0.38$2.125.58
$215.00$217.50$220.00Jul 24$0.43$2.074.81
$217.50$220.00$222.50Jul 24$0.54$1.963.63
$212.50$215.00$217.50Jul 24$1.10$1.401.27

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 34 found (best net $-0.95, 24 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$250.001:2Aug 21-$2.15$7.85
$227.50$232.501:2Jul 31-$0.21$4.79
$235.00$240.001:2Jul 31-$0.48$4.52
$232.50$237.501:2Jul 24-$0.54$4.46
$250.00$255.001:2Aug 21-$0.61$4.39
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$200.001:2Aug 21-$0.95$9.05
$225.00$215.001:2Aug 21-$1.90$8.10
$210.00$205.001:2Jul 31-$0.31$4.69
$200.00$195.001:2Aug 21-$0.81$4.19
$232.50$227.501:2Jul 24-$2.25$2.75

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 13 found (best yield 2.86%, avg 0.74%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$225.00Aug 14$6.300.452.0%2.86%4.88%1--
$230.00Aug 14$4.600.374.3%2.09%6.38%23
$235.00Aug 21$3.300.306.6%1.50%8.05%12
$240.00Aug 21$2.500.238.8%1.13%9.96%2--
$250.00Aug 21$1.300.1813.4%0.59%13.95%218318
$222.50Jul 24$1.000.390.9%0.45%1.34%1--
$227.50Jul 31$0.500.223.2%0.23%3.38%5--
$225.00Jul 24$0.450.212.0%0.20%2.23%214
$232.50Jul 31$0.450.135.4%0.20%5.63%98157
$255.00Aug 21$0.400.1215.6%0.18%15.81%12

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 770
Total Puts 1,215
Put/Call Ratio 1.58
Net Difference -445

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 5,361
Total Puts 4,277
Average Put/Call Ratio 1.25
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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