Tour v477
CAH
CARDINAL HEALTH INC
$230.03 +1.30%
$229.00 (-0.45%)🌙
as of 07/31 06:19 PM
7/31 18:19

Option Volume

Detail
Current (07/31) 815
Calls: 587 (72%)
Puts: 228 (28%)
Prior (07/30) 714
Calls: 321 (45%)
Puts: 393 (55%)
Current vs Prior +14.15%
Calls: +82.87% (Calls)
Puts: -41.98% (Puts)
Prior 7-Day Total 6,881
Calls: 3,413 (50%)
Puts: 3,468 (50%)
Prior 7-Day Average 983
Calls: 487 (50%)
Puts: 495 (50%)
Current vs Prior 7-Day Avg -17.09%
Calls: +20.39%
Puts: -53.98%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/31) $824.3K
Calls: $680.9K (83%)
Puts: $143.5K (17%)
Prior (07/30) $673.0K
Calls: $550.6K (82%)
Puts: $122.5K (18%)
Current vs Prior +22.48%
Calls: +23.66%
Puts: +17.14%
Prior 7-Day Total $5.33M
Calls: $3.59M (67%)
Puts: $1.74M (33%)
Prior 7-Day Average $761.0K
Calls: $512.4K (67%)
Puts: $248.6K (33%)
Current vs Prior 7-Day Avg +8.33%
Calls: +32.88%
Puts: -42.28%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/31) 0.39
Prior (07/30) 1.22
Current vs Prior -68.27%
Prior 7-Day Average 1.06
Current vs Prior 7-Day Avg -63.50%
Sentiment BULLISH

Open Interest

Detail
Current (07/31) 5,518
Calls: 4,129 (75%)
Puts: 1,389 (25%)
Prior (07/30) 5,469
Calls: 4,969 (91%)
Puts: 500 (9%)
Current vs Prior +0.90%
Prior 7-Day Total 41,988
Calls: 26,580 (63%)
Puts: 15,408 (37%)
Prior 7-Day Average 5,998
Calls: 3,797 (63%)
Puts: 2,201 (37%)
Current vs Prior 7-Day Avg -8.01%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 1.45% | 3.78%8.06% | 11.76%
Prior 2.16% | 4.23%7.79% | 11.85%
Current vs Prior +75.27% | +85.60%+3.45% | -0.74%
Prior 7-Day Avg 2.77% | 4.48%8.63% | 12.59%
Current vs 7-Day Avg +36.47% | +75.34%-6.52% | -6.60%
Prior 7-Day Eod 2.16% | 4.23%7.79% | 11.85%
Current vs 7-Day Eod +75.27% | +85.60%+3.45% | -0.74%
Sentiment BEARISHBEARISH

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 83% of dollar volume in calls ($680.9K) vs puts ($143.5K). Extreme bullish P/C ratio of 0.39 - heavy call buying (587 calls vs 228 puts). P/C ratio dropping 68% - sentiment shifting bullish. Call-heavy open interest (4,129 calls vs 1,389 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 BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
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 3 of results (avg 7.7%, best 6.4%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Jul 3144.0046.90$45.456.4%10.94--
$185.00Aug 1444.0047.90$45.958.5%10.92--
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Aug 2110.5011.40$10.958.2%100.57--

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. 13 found (avg delta 0.67, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Jul 3144.0046.90$45.456.4%10.94--
$185.00Aug 1444.0047.90$45.958.5%10.92--
$225.00Jul 313.906.50$5.2050.0%80.7611
$227.50Jul 311.254.30$2.78109.7%100.7229
$225.00Aug 76.008.00$7.0028.6%20.723
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Aug 75.407.00$6.2025.8%650.69121
$235.00Aug 1410.0011.40$10.7013.1%650.58--
$235.00Aug 2110.5011.40$10.958.2%100.57--

Most actively traded options today. High liquidity = easy entry/exit. 63 active (total vol 676, top 100)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$242.50Aug 70.352.20$1.28144.5%1000.18113
$230.00Jul 310.002.40$1.20200.0%520.5827
$235.00Aug 71.352.40$1.8855.9%520.3220
$250.00Sep 42.604.90$3.7561.3%360.261
$232.50Aug 72.203.10$2.6534.0%250.417
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Aug 75.407.00$6.2025.8%650.69121
$235.00Aug 1410.0011.40$10.7013.1%650.58--
$222.50Aug 70.951.70$1.3356.4%110.2212
$235.00Aug 2110.5011.40$10.958.2%100.57--
$225.00Aug 71.152.15$1.6560.6%80.2887

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 16 strikes (avg 898.7%, max 2496.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$250.00Jul 31Sep 4934.4%36.0%2496.4%4617
$185.00Jul 31Aug 142036.2%83.5%2337.3%2--
$225.00Jul 31Aug 7479.0%29.4%1528.1%1014
$237.50Jul 31Aug 21491.7%40.0%1128.8%2--
$227.50Jul 31Aug 7319.7%26.9%1090.0%2435
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$220.00Jul 31Aug 21699.5%43.0%1528.4%13796
$215.00Jul 31Aug 7405.0%40.7%894.2%2--
$230.00Jul 31Aug 21214.7%38.2%462.1%1220
$200.00Aug 7Sep 456.1%37.3%50.6%2--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 41 found (best R:R 32.33, avg 5.25)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$260.00$270.00Aug 21$0.49$9.51$0.4919.41$260.49
$250.00$255.00Aug 21$0.50$4.50$0.509.00$250.50
$237.50$240.00Aug 7$0.33$2.17$0.336.58$237.83
$255.00$260.00Aug 21$0.78$4.22$0.785.41$255.78
$245.00$250.00Aug 14$0.80$4.20$0.805.25$245.80
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$210.00$205.00Aug 7$0.15$4.85$0.1532.33$209.85
$222.50$220.00Aug 7$0.13$2.37$0.1318.23$222.37
$200.00$185.00Sep 4$0.82$14.18$0.8217.29$199.18
$210.00$200.00Aug 21$0.65$9.35$0.6514.38$209.35
$215.00$210.00Aug 7$0.33$4.67$0.3314.15$214.67

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 42 found (best R:R 4.34, avg 0.60)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$185.00$232.50Aug 14$38.60$38.60$8.904.34$223.60
$225.00$227.50Aug 7$1.60$1.60$0.901.78$226.60
$227.50$230.00Jul 31$1.58$1.58$0.921.72$229.08
$227.50$230.00Aug 7$1.45$1.45$1.051.38$228.95
$230.00$232.50Aug 7$1.30$1.30$1.201.08$231.30
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$235.00$230.00Aug 7$2.60$2.60$2.401.08$232.40
$235.00$230.00Aug 21$2.60$2.60$2.401.08$232.40
$230.00$227.50Aug 21$1.20$1.20$1.300.92$228.80
$235.00$220.00Aug 14$6.70$6.70$8.300.81$228.30
$230.00$225.00Aug 7$1.95$1.95$3.050.64$228.05

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 18 found (avg debit $1.81, cheapest $0.10)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$237.50Jul 31Aug 7$0.10491.7%29.2%
$185.00Jul 31Aug 14$0.502036.2%83.5%
$255.00Aug 21Sep 4$0.6042.1%34.9%
$240.00Jul 31Aug 7$0.80271.9%30.7%
$250.00Jul 31Aug 14$0.80934.4%44.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$215.00Jul 31Aug 7$0.65405.0%40.7%
$200.00Aug 7Aug 14$1.4056.1%62.6%
$210.00Aug 7Aug 21$2.2043.3%44.6%
$217.50Aug 7Aug 14$2.2042.4%47.0%
$230.00Jul 31Aug 7$2.40214.7%29.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 5 found (cheapest 1.04% of stock, avg 3.82%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$230.00Jul 31$1.20$1.20$2.40$227.60$232.401.04%
$230.00Aug 7$3.95$3.60$7.55$222.45$237.553.28%
$235.00Aug 7$1.88$6.20$8.08$226.92$243.083.51%
$225.00Aug 7$7.00$1.65$8.65$216.35$233.653.76%
$230.00Aug 21$8.90$8.35$17.25$212.75$247.257.50%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 75 found (cheapest 0.58% of stock, avg 2.59%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$232.50$230.00Jul 31$0.13$1.20$1.33$228.67$233.83
$232.50$220.00Jul 31$0.13$1.20$1.33$218.67$233.83
$235.00$230.00Jul 31$0.55$1.20$1.75$228.25$236.75
$235.00$220.00Jul 31$0.55$1.20$1.75$218.25$236.75
$240.00$217.50Aug 7$0.85$1.15$2.00$215.50$242.00
$240.00$220.00Aug 7$0.85$1.20$2.05$217.95$242.05
$240.00$222.50Aug 7$0.85$1.33$2.18$220.32$242.18
$237.50$230.00Jul 31$1.08$1.20$2.28$227.72$239.78
$237.50$220.00Jul 31$1.08$1.20$2.28$217.72$239.78
$250.00$230.00Jul 31$1.08$1.20$2.28$227.72$252.28

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 88 found (best R:R 4.81, avg credit $2.45)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
215/218225/228Aug 7$2.07$0.434.81$215.43$227.07
228/230240/242Aug 21$2.00$0.504.00$228.00$242.00
228/230238/240Aug 21$1.95$0.553.55$228.05$239.45
215/218228/230Aug 7$1.92$0.583.31$215.58$229.42
228/230242/245Aug 21$1.85$0.652.85$228.15$244.35
230/235245/250Aug 21$3.65$1.352.70$231.35$248.65
215/220225/228Jul 31$3.59$1.412.55$216.41$228.59
215/218230/232Aug 7$1.77$0.732.42$215.73$231.77
222/225228/230Aug 7$1.77$0.732.42$223.23$229.27
220/228230/238Aug 21$5.30$2.202.41$222.20$235.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 20 found (best R:R 34.71, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$232.50$235.00$237.50Aug 7$0.07$2.4334.71
$232.50$235.00$237.50Jul 31$0.11$2.3921.73
$225.00$227.50$230.00Aug 7$0.15$2.3515.67
$227.50$230.00$232.50Aug 7$0.15$2.3515.67
$240.00$242.50$245.00Aug 21$0.15$2.3515.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$217.50$220.00$222.50Aug 7$0.08$2.4230.25
$200.00$205.00$210.00Aug 7$0.18$4.8226.78
$205.00$210.00$215.00Aug 7$0.18$4.8226.78
$220.00$222.50$225.00Aug 7$0.19$2.3112.16
$225.00$230.00$235.00Aug 7$0.65$4.356.69

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 43 found (best net $-0.05, 32 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$260.00$270.001:2Aug 21-$0.19$9.81
$230.00$237.501:2Aug 21-$2.50$5.00
$240.00$245.001:2Jul 31-$0.11$4.89
$255.00$260.001:2Aug 21-$0.39$4.61
$240.00$245.001:2Aug 14-$0.91$4.09
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$220.00$210.001:2Aug 21-$0.05$9.95
$230.00$220.001:2Jul 31-$1.20$8.80
$210.00$200.001:2Aug 21-$1.25$8.75
$215.00$210.001:2Aug 7-$0.02$4.98
$210.00$205.001:2Aug 7-$0.05$4.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 22 found (best yield 2.91%, avg 1.13%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$232.50Aug 14$6.700.481.1%2.91%3.99%13
$235.00Aug 28$6.200.452.2%2.70%4.86%6--
$237.50Aug 21$5.300.393.2%2.30%5.55%1--
$240.00Aug 28$4.800.384.3%2.09%6.42%1--
$240.00Aug 21$4.400.354.3%1.91%6.25%10--
$237.50Aug 14$3.800.383.2%1.65%4.90%1--
$242.50Aug 21$3.700.315.4%1.61%7.03%1--
$240.00Aug 14$3.100.344.3%1.35%5.68%313
$245.00Aug 21$3.100.276.5%1.35%7.86%1--
$250.00Sep 4$2.600.268.7%1.13%9.81%361

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 587
Total Puts 228
Put/Call Ratio 0.39
Net Difference 359

Prior's Put/Call Breakdown

Total Calls 321
Total Puts 393
Put/Call Ratio 1.22
Net Difference -72

Prior 7-Day Put/Call Summary

Total Calls 3,413
Total Puts 3,468
Average Put/Call Ratio 1.06
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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