Tour v394
CBOE
CBOE GLOBAL MKTS INC
$284.86 +1.09%
$284.00 (-0.30%)🌙
as of 07/23 06:19 PM
(7/22 18:52) ◀
|
Thursday, July 23, 2026 (6:19pm)
January 2026
|
▶ (7/24 01:59)
◀ 7/23 18:19 ▶

Option Volume

Detail
ℹ
Current (07/23) 2,286
Calls: 914 (40%)
Puts: 1,372 (60%)
Prior (07/22) 2,782
Calls: 1,851 (67%)
Puts: 931 (33%)
Current vs Prior -17.83%
Calls: -50.62% (Calls)
Puts: +47.37% (Puts)
Prior 7-Day Total 11,929
Calls: 7,754 (65%)
Puts: 4,175 (35%)
Prior 7-Day Average 1,704
Calls: 1,107 (65%)
Puts: 596 (35%)
Current vs Prior 7-Day Avg +34.14%
Calls: -17.49%
Puts: +130.04%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23) $2.06M
Calls: $1.52M (74%)
Puts: $534.4K (26%)
Prior (07/22) $3.07M
Calls: $2.36M (77%)
Puts: $711.0K (23%)
Current vs Prior -33.11%
Calls: -35.60%
Puts: -24.84%
Prior 7-Day Total $11.38M
Calls: $8.58M (75%)
Puts: $2.80M (25%)
Prior 7-Day Average $1.63M
Calls: $1.23M (75%)
Puts: $400.3K (25%)
Current vs Prior 7-Day Avg +26.52%
Calls: +24.24%
Puts: +33.49%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 1.50
Prior (07/22) 0.50
Current vs Prior +198.45%
Prior 7-Day Average 0.54
Current vs Prior 7-Day Avg +176.77%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23) 13,721
Calls: 10,073 (73%)
Puts: 3,648 (27%)
Prior (07/22) 17,240
Calls: 12,911 (75%)
Puts: 4,329 (25%)
Current vs Prior -20.41%
Prior 7-Day Total 104,385
Calls: 66,221 (63%)
Puts: 38,164 (37%)
Prior 7-Day Average 14,912
Calls: 9,460 (63%)
Puts: 5,452 (37%)
Current vs Prior 7-Day Avg -7.99%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 2.64% | 6.13%9.50% | 14.06%
Prior 3.12% | 6.48%9.65% | 13.75%
Current vs Prior -15.35% | -5.41%-1.62% | +2.24%
Prior 7-Day Avg 3.57% | 6.46%5.83% | 13.07%
Current vs 7-Day Avg -26.03% | -5.16%+62.88% | +7.56%
Prior 7-Day Eod 3.12% | 6.48%9.65% | 13.75%
Current vs 7-Day Eod -15.35% | -5.41%-1.62% | +2.24%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 72.74% | 18.34%
Calls: 90.58% | 20.00%
Puts: 54.90% | 16.67%
Prior 72.74% | 18.34%
Calls: 90.58% | 20.00%
Puts: 54.90% | 16.67%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 72.74% | 18.34%
Calls: 90.58% | 20.00%
Puts: 54.90% | 16.67%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 74% call dollar volume ($1.52M). Extreme bearish P/C ratio of 1.50 - heavy put buying. P/C ratio rising 198% - increased hedging/bearish positioning. Call-heavy open interest (10,073 calls vs 3,648 puts) suggests bullish positioning.

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 BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
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 2 of results (avg 9.8%, best 9.5%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$255.00Jul 3130.0033.00$31.509.5%10.90--
$270.00Aug 2121.9024.20$23.0510.0%10.71--
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. 27 found (avg delta 0.70, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Jul 2423.5026.90$25.2013.5%20.95--
$255.00Jul 3130.0033.00$31.509.5%10.90--
$257.50Jul 3127.7030.70$29.2010.3%20.90--
$265.00Jul 2418.6021.70$20.1515.4%10.8960
$270.00Jul 2414.3017.00$15.6517.3%50.87440
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$290.00Jul 244.308.00$6.1560.2%570.761
$287.50Jul 242.706.00$4.3575.9%50.6215
$287.50Aug 2111.9015.80$13.8528.2%250.5095

Most actively traded options today. High liquidity = easy entry/exit. 81 active (total vol 566, top 57)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$290.00Jul 315.007.20$6.1036.1%490.42301
$300.00Jul 311.404.00$2.7096.3%420.2427
$325.00Jul 310.002.15$1.08199.1%340.0912
$292.50Jul 240.002.50$1.25200.0%330.2389
$325.00Aug 211.803.70$2.7569.1%300.161
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$290.00Jul 244.308.00$6.1560.2%570.761
$287.50Aug 2111.9015.80$13.8528.2%250.5095
$270.00Jul 311.704.40$3.0588.5%120.2333
$270.00Aug 73.006.00$4.5066.7%90.26--
$287.50Jul 242.706.00$4.3575.9%50.6215

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 25 strikes (avg 69.6%, max 177.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$270.00Jul 24Aug 2198.4%40.7%142.1%6440
$265.00Jul 24Jul 31123.1%56.0%119.9%260
$300.00Jul 24Aug 2194.8%43.2%119.4%18295
$275.00Jul 24Aug 2176.1%41.9%81.6%432
$280.00Jul 24Aug 2170.6%39.7%77.8%6607
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$230.00Jul 24Jul 31267.9%96.4%177.8%2163
$260.00Jul 24Aug 21115.8%42.8%170.6%6119
$270.00Jul 24Aug 2198.4%40.7%142.1%3234
$275.00Jul 24Aug 2176.1%41.9%81.6%31
$280.00Jul 24Aug 2170.6%39.7%77.8%2--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 47 found (best R:R 32.33, avg 5.11)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$305.00$310.00Jul 31$0.20$4.80$0.2024.00$305.20
$310.00$320.00Jul 31$0.43$9.57$0.4322.26$310.43
$310.00$315.00Aug 7$0.75$4.25$0.755.67$310.75
$325.00$330.00Aug 21$0.95$4.05$0.954.26$325.95
$300.00$305.00Jul 31$0.97$4.03$0.974.15$300.97
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$255.00$250.00Jul 31$0.15$4.85$0.1532.33$254.85
$245.00$240.00Jul 31$0.20$4.80$0.2024.00$244.80
$270.00$260.00Jul 24$0.55$9.45$0.5517.18$269.45
$255.00$250.00Aug 21$0.40$4.60$0.4011.50$254.60
$250.00$240.00Aug 21$1.03$8.97$1.038.71$248.97

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 59 found (best R:R 11.50, avg 1.57)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$255.00$257.50Jul 31$2.30$2.30$0.2011.50$257.30
$265.00$270.00Jul 24$4.50$4.50$0.509.00$269.50
$257.50$262.50Jul 31$4.50$4.50$0.509.00$262.00
$262.50$265.00Jul 31$2.20$2.20$0.307.33$264.70
$277.50$280.00Jul 24$2.15$2.15$0.356.14$279.65
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$290.00$287.50Jul 24$1.80$1.80$0.702.57$288.20
$287.50$285.00Aug 21$1.65$1.65$0.851.94$285.85
$287.50$285.00Jul 24$1.57$1.57$0.931.69$285.93
$285.00$282.50Aug 21$1.20$1.20$1.300.92$283.80
$275.00$270.00Aug 21$2.20$2.20$2.800.79$272.80

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 25 found (avg debit $3.56, cheapest $0.22)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$310.00Jul 31Aug 7$1.6251.2%48.2%
$320.00Jul 31Aug 21$1.6358.5%39.8%
$325.00Jul 31Aug 21$1.6763.8%43.4%
$300.00Jul 24Jul 31$1.6894.8%46.5%
$265.00Jul 24Jul 31$2.35123.1%56.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$230.00Jul 24Jul 31$0.22267.9%96.4%
$240.00Jul 31Aug 21$0.9778.1%49.5%
$250.00Jul 31Aug 21$1.7866.9%46.8%
$255.00Jul 31Aug 21$2.0361.3%44.0%
$270.00Jul 24Jul 31$2.1298.4%52.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 19 found (cheapest 2.03% of stock, avg 6.88%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$285.00Jul 24$3.00$2.78$5.78$279.22$290.782.03%
$287.50Jul 24$1.92$4.35$6.27$281.23$293.772.20%
$290.00Jul 24$1.02$6.15$7.17$282.83$297.172.52%
$280.00Jul 24$6.40$1.92$8.32$271.68$288.322.92%
$275.00Jul 24$10.55$0.98$11.53$263.47$286.534.05%
$285.00Jul 31$8.10$7.60$15.70$269.30$300.705.51%
$280.00Jul 31$11.00$5.50$16.50$263.50$296.505.79%
$270.00Jul 24$15.65$0.93$16.58$253.42$286.585.82%
$275.00Jul 31$14.30$3.90$18.20$256.80$293.206.39%
$270.00Jul 31$18.40$3.05$21.45$248.55$291.457.53%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 79 found (cheapest 0.55% of stock, avg 3.33%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$295.00$272.50Jul 24$0.63$0.93$1.56$270.94$296.56
$295.00$270.00Jul 24$0.63$0.93$1.56$268.44$296.56
$295.00$275.00Jul 24$0.63$0.98$1.61$273.39$296.61
$290.00$272.50Jul 24$1.02$0.93$1.95$270.55$291.95
$290.00$270.00Jul 24$1.02$0.93$1.95$268.05$291.95
$300.00$272.50Jul 24$1.02$0.93$1.95$270.55$301.95
$300.00$270.00Jul 24$1.02$0.93$1.95$268.05$301.95
$290.00$275.00Jul 24$1.02$0.98$2.00$273.00$292.00
$300.00$275.00Jul 24$1.02$0.98$2.00$273.00$302.00
$292.50$272.50Jul 24$1.25$0.93$2.18$270.32$294.68

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 132 found (best R:R 15.67, avg credit $2.91)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
240/245258/262Jul 31$4.70$0.3015.67$240.30$262.20
265/270275/280Aug 21$4.70$0.3015.67$265.30$279.70
250/255258/262Jul 31$4.65$0.3513.29$250.35$262.15
280/282285/288Aug 21$2.30$0.2011.50$280.20$287.30
260/265275/280Aug 21$4.40$0.607.33$260.60$279.40
282/285288/290Aug 21$2.20$0.307.33$282.80$289.70
285/288292/295Jul 24$2.19$0.317.06$285.31$294.69
260/265270/275Aug 21$4.35$0.656.69$260.65$274.35
240/245265/270Jul 31$4.30$0.706.14$240.70$269.30
240/245270/275Jul 31$4.30$0.706.14$240.70$274.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 26 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$280.00$282.50$285.00Aug 21$0.15$2.3515.67
$285.00$287.50$290.00Jul 24$0.18$2.3212.89
$275.00$280.00$285.00Jul 31$0.40$4.6011.50
$290.00$295.00$300.00Aug 21$0.50$4.509.00
$260.00$265.00$270.00Jul 24$0.55$4.458.09
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$270.00$272.50$275.00Jul 24$0.05$2.4549.00
$265.00$270.00$275.00Jul 31$0.10$4.9049.00
$245.00$250.00$255.00Jul 31$0.13$4.8737.46
$255.00$260.00$265.00Aug 21$0.18$4.8226.78
$260.00$265.00$270.00Aug 21$0.30$4.7015.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 42 found (best net $-1.22, 39 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$310.00$320.001:2Aug 21-$0.61$9.39
$310.00$320.001:2Jul 31-$0.67$9.33
$300.00$310.001:2Aug 21-$1.60$8.40
$280.00$290.001:2Aug 7-$3.95$6.05
$300.00$305.001:2Jul 31-$0.76$4.24
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$260.00$230.001:2Jul 24-$1.22$28.78
$265.00$255.001:2Jul 31-$0.20$9.80
$250.00$240.001:2Aug 21-$0.82$9.18
$240.00$230.001:2Jul 31-$1.16$8.84
$280.00$275.001:2Jul 24-$0.04$4.96

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 23 found (best yield 5.06%, avg 1.88%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$285.00Sep 4$14.400.520.1%5.06%5.10%5--
$285.00Aug 28$13.200.520.1%4.63%4.68%2--
$285.00Aug 21$12.000.530.1%4.21%4.26%61
$290.00Aug 21$10.500.471.8%3.69%5.49%3222
$287.50Aug 21$10.400.500.9%3.65%4.58%9--
$295.00Aug 21$8.100.413.6%2.84%6.40%9--
$300.00Aug 21$7.200.365.3%2.53%7.84%17295
$290.00Aug 7$7.000.451.8%2.46%4.26%581
$285.00Jul 31$6.700.520.1%2.35%2.40%1064
$287.50Jul 31$5.500.470.9%1.93%2.86%41

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 914
Total Puts 1,372
Put/Call Ratio 1.50
Net Difference -458

Prior's Put/Call Breakdown

Total Calls 1,851
Total Puts 931
Put/Call Ratio 0.50
Net Difference 920

Prior 7-Day Put/Call Summary

Total Calls 7,754
Total Puts 4,175
Average Put/Call Ratio 0.54
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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