Tour v452
CAH
CARDINAL HEALTH INC
$232.51 +1.38%
$233.40 (+0.38%)🌙
as of 07/28 06:22 PM
(7/27 18:18) ◀
|
Tuesday, July 28, 2026 (6:22pm)
January 2026
|
▶ (7/29 18:25)
◀ 7/28 18:22 ▶

Option Volume

Detail
ℹ
Current (07/28) 729
Calls: 416 (57%)
Puts: 313 (43%)
Prior (07/27) 548
Calls: 268 (49%)
Puts: 280 (51%)
Current vs Prior +33.03%
Calls: +55.22% (Calls)
Puts: +11.79% (Puts)
Prior 7-Day Total 7,863
Calls: 3,841 (49%)
Puts: 4,022 (51%)
Prior 7-Day Average 1,123
Calls: 548 (49%)
Puts: 574 (51%)
Current vs Prior 7-Day Avg -35.10%
Calls: -24.19%
Puts: -45.52%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/28) $1.08M
Calls: $1.02M (94%)
Puts: $61.5K (6%)
Prior (07/27) $256.5K
Calls: $172.3K (67%)
Puts: $84.2K (33%)
Current vs Prior +322.32%
Calls: +493.12%
Puts: -26.97%
Prior 7-Day Total $5.21M
Calls: $3.13M (60%)
Puts: $2.08M (40%)
Prior 7-Day Average $744.5K
Calls: $447.3K (60%)
Puts: $297.2K (40%)
Current vs Prior 7-Day Avg +45.53%
Calls: +128.46%
Puts: -79.30%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/28) 0.75
Prior (07/27) 1.04
Current vs Prior -27.98%
Prior 7-Day Average 1.15
Current vs Prior 7-Day Avg -34.67%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (07/28) 5,290
Calls: 3,921 (74%)
Puts: 1,369 (26%)
Prior (07/27) 6,058
Calls: 5,239 (86%)
Puts: 819 (14%)
Current vs Prior -12.68%
Prior 7-Day Total 44,703
Calls: 22,549 (50%)
Puts: 22,154 (50%)
Prior 7-Day Average 6,386
Calls: 3,221 (50%)
Puts: 3,164 (50%)
Current vs Prior 7-Day Avg -17.16%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 2.84% | 4.56%8.09% | 12.37%
Prior 3.22% | 5.10%8.44% | 12.73%
Current vs Prior -11.65% | -10.63%-4.16% | -2.88%
Prior 7-Day Avg 2.95% | 4.49%8.06% | 12.67%
Current vs 7-Day Avg -3.69% | +1.55%+0.35% | -2.44%
Prior 7-Day Eod 3.22% | 5.10%8.44% | 12.73%
Current vs 7-Day Eod -11.65% | -10.63%-4.16% | -2.88%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
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 94% of dollar volume in calls ($1.02M) vs puts ($61.5K). Massive premium surge with dollar volume up 322% vs prior. P/C ratio dropping 28% - sentiment shifting bullish. Call-heavy open interest (3,921 calls vs 1,369 puts) suggests bullish positioning.

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 NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
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 1 of results (avg 8.1%, best 8.1%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$227.50Aug 2111.9012.90$12.408.1%870.61--
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. 9 found (avg delta 0.68, highest 0.81)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$227.50Jul 315.307.50$6.4034.4%30.81--
$222.50Aug 710.9013.60$12.2522.0%340.81--
$225.00Aug 78.8011.80$10.3029.1%20.78--
$230.00Jul 313.705.50$4.6039.1%100.68--
$225.00Aug 2113.0015.40$14.2016.9%30.6660
PUTS (0)
No puts meet the criteria

Most actively traded options today. High liquidity = easy entry/exit. 40 active (total vol 593, top 88)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$227.50Aug 2111.9012.90$12.408.1%870.61--
$230.00Aug 75.506.50$6.0016.7%390.6188
$222.50Aug 710.9013.60$12.2522.0%340.81--
$250.00Aug 211.853.70$2.7866.5%210.23488
$247.50Aug 70.002.25$1.13199.1%200.16--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Aug 70.452.30$1.38134.1%880.2221
$227.50Aug 71.952.95$2.4540.8%690.324
$225.00Jul 310.200.70$0.45111.1%540.1357
$230.00Jul 310.851.80$1.3371.4%240.3218
$227.50Jul 310.251.10$0.68125.0%190.19156

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 24.3%, max 56.8%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$242.50Jul 31Aug 742.5%27.1%56.8%6--
$240.00Jul 31Aug 2149.2%36.2%36.0%9812
$260.00Aug 14Aug 2146.5%38.5%20.7%2--
$250.00Aug 7Sep 437.1%36.9%0.4%2--
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$225.00Jul 31Aug 733.8%27.5%22.8%14278
$230.00Jul 31Aug 729.9%27.4%9.2%26163

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 24 found (best R:R 11.05, avg 4.66)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$260.00$270.00Aug 21$0.83$9.17$0.8311.05$260.83
$250.00$260.00Aug 14$0.90$9.10$0.9010.11$250.90
$247.50$250.00Aug 7$0.25$2.25$0.259.00$247.75
$250.00$255.00Aug 21$0.53$4.47$0.538.43$250.53
$250.00$252.50Aug 7$0.28$2.22$0.287.93$250.28
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$227.50$225.00Jul 31$0.23$2.27$0.239.87$227.27
$210.00$195.00Aug 21$1.65$13.35$1.658.09$208.35
$222.50$210.00Aug 21$1.65$10.85$1.656.58$220.85
$230.00$227.50Aug 7$0.50$2.00$0.504.00$229.50
$230.00$227.50Jul 31$0.65$1.85$0.652.85$229.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 28 found (best R:R 6.14, avg 0.93)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$225.00$230.00Aug 7$4.30$4.30$0.706.14$229.30
$222.50$225.00Aug 7$1.95$1.95$0.553.55$224.45
$227.50$230.00Jul 31$1.80$1.80$0.702.57$229.30
$225.00$227.50Aug 21$1.80$1.80$0.702.57$226.80
$232.50$235.00Aug 14$1.40$1.40$1.101.27$233.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$227.50$225.00Aug 7$1.07$1.07$1.430.75$226.43
$230.00$227.50Jul 31$0.65$0.65$1.850.35$229.35
$230.00$227.50Aug 7$0.50$0.50$2.000.25$229.50
$222.50$210.00Aug 21$1.65$1.65$10.850.15$220.85
$210.00$195.00Aug 21$1.65$1.65$13.350.12$208.35

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 11 found (avg debit $2.47, cheapest $0.38)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$242.50Jul 31Aug 7$0.3842.5%27.1%
$240.00Jul 31Aug 7$0.4349.2%30.2%
$230.00Jul 31Aug 7$1.4029.9%27.4%
$250.00Aug 7Aug 14$1.8037.1%41.0%
$225.00Aug 7Aug 21$3.9027.5%37.3%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$225.00Jul 31Aug 7$0.9333.8%27.5%
$230.00Jul 31Aug 7$1.6229.9%27.4%
$227.50Jul 31Aug 7$1.7730.0%30.4%
$222.50Aug 7Aug 21$3.0532.8%37.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 5 found (cheapest 2.55% of stock, avg 4.07%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$230.00Jul 31$4.60$1.33$5.93$224.07$235.932.55%
$227.50Jul 31$6.40$0.68$7.08$220.42$234.583.05%
$230.00Aug 7$6.00$2.95$8.95$221.05$238.953.85%
$225.00Aug 7$10.30$1.38$11.68$213.32$236.685.02%
$222.50Aug 7$12.25$1.40$13.65$208.85$236.155.87%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 45 found (cheapest 0.47% of stock, avg 1.96%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$242.50$225.00Jul 31$0.65$0.45$1.10$223.90$243.60
$242.50$227.50Jul 31$0.65$0.68$1.33$226.17$243.83
$240.00$225.00Jul 31$1.50$0.45$1.95$223.05$241.95
$242.50$230.00Jul 31$0.65$1.33$1.98$228.02$244.48
$240.00$227.50Jul 31$1.50$0.68$2.18$225.32$242.18
$250.00$225.00Aug 7$0.88$1.38$2.26$222.74$252.26
$250.00$222.50Aug 7$0.88$1.40$2.28$220.22$252.28
$242.50$225.00Aug 7$1.03$1.38$2.41$222.59$244.91
$242.50$222.50Aug 7$1.03$1.40$2.43$220.07$244.93
$247.50$225.00Aug 7$1.13$1.38$2.51$222.49$250.01

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 28 found (best R:R 3.72, avg credit $2.58)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
225/228240/242Aug 7$1.97$0.533.72$225.53$241.97
225/228230/238Aug 7$4.67$2.831.65$222.83$234.67
225/228238/240Aug 7$1.54$0.961.60$225.96$239.04
228/230240/242Jul 31$1.50$1.001.50$228.50$241.50
228/230240/242Aug 7$1.40$1.101.27$228.60$241.40
225/228230/235Jul 31$2.75$2.251.22$224.75$232.75
225/228250/252Aug 7$1.35$1.151.17$226.15$251.35
225/228248/250Aug 7$1.32$1.181.12$226.18$248.82
210/222228/235Aug 21$5.75$6.750.85$216.75$233.25
225/228240/242Jul 31$1.08$1.420.76$226.42$241.08

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 3 found (best R:R 4.95, cheapest $0.42)

CALLS (1)
LowMidHighExpiryDebitMax GainR:R
$230.00$235.00$240.00Jul 31$1.94$3.061.58
PUTS (2)
LowMidHighExpiryDebitMax GainR:R
$225.00$227.50$230.00Jul 31$0.42$2.084.95
$222.50$225.00$227.50Aug 7$1.09$1.411.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 25 found (best net $-1.15, 19 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$250.001:2Aug 21-$0.01$9.99
$250.00$260.001:2Aug 14-$0.88$9.12
$255.00$260.001:2Aug 21-$0.91$4.09
$235.00$240.001:2Jul 31-$0.92$4.08
$242.50$247.501:2Aug 7-$1.23$3.77
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$222.50$210.001:2Aug 21-$1.15$11.35
$230.00$227.501:2Jul 31-$0.03$2.47
$227.50$225.001:2Jul 31-$0.22$2.28
$227.50$225.001:2Aug 7-$0.31$2.19
$225.00$222.501:2Aug 7-$1.42$1.08

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 15 found (best yield 3.31%, avg 1.19%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$235.00Aug 28$7.700.501.1%3.31%4.38%4--
$235.00Aug 21$7.100.481.1%3.05%4.12%1--
$235.00Aug 14$6.900.491.1%2.97%4.04%58
$240.00Aug 21$4.800.393.2%2.06%5.29%6667
$250.00Sep 4$3.600.307.5%1.55%9.07%1--
$250.00Aug 21$1.850.237.5%0.80%8.32%21488
$255.00Aug 21$1.800.199.7%0.77%10.45%2--
$237.50Aug 7$1.600.342.1%0.69%2.83%1--
$250.00Aug 14$1.550.237.5%0.67%8.19%184
$240.00Aug 7$1.500.283.2%0.65%3.87%245

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 416
Total Puts 313
Put/Call Ratio 0.75
Net Difference 103

Prior's Put/Call Breakdown

Total Calls 268
Total Puts 280
Put/Call Ratio 1.04
Net Difference -12

Prior 7-Day Put/Call Summary

Total Calls 3,841
Total Puts 4,022
Average Put/Call Ratio 1.15
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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