Tour v366
CDNS
CADENCE DESIGN SYS I
$329.93 -0.05%
$330.58 (+0.20%)🌙
as of 07/20 06:18 PM
7/20 18:18

Option Volume

Detail
Current (07/20) 3,807
Calls: 1,618 (43%)
Puts: 2,189 (57%)
Prior (07/17) 30,532
Calls: 4,166 (14%)
Puts: 26,366 (86%)
Current vs Prior -87.53%
Calls: -61.16% (Calls)
Puts: -91.70% (Puts)
Prior 7-Day Total 45,932
Calls: 11,131 (24%)
Puts: 34,801 (76%)
Prior 7-Day Average 6,561
Calls: 1,590 (24%)
Puts: 4,971 (76%)
Current vs Prior 7-Day Avg -41.98%
Calls: +1.75%
Puts: -55.97%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/20) $9.56M
Calls: $1.89M (20%)
Puts: $7.67M (80%)
Prior (07/17) $108.30M
Calls: $5.49M (5%)
Puts: $102.81M (95%)
Current vs Prior -91.17%
Calls: -65.56%
Puts: -92.54%
Prior 7-Day Total $144.46M
Calls: $23.65M (16%)
Puts: $120.81M (84%)
Prior 7-Day Average $20.64M
Calls: $3.38M (16%)
Puts: $17.26M (84%)
Current vs Prior 7-Day Avg -53.67%
Calls: -44.02%
Puts: -55.55%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/20) 1.35
Prior (07/17) 6.33
Current vs Prior -78.62%
Prior 7-Day Average 1.91
Current vs Prior 7-Day Avg -29.21%
Sentiment BEARISH

Open Interest

Detail
Current (07/20) 33,189
Calls: 12,535 (38%)
Puts: 20,654 (62%)
Prior (07/17) 80,432
Calls: 31,049 (39%)
Puts: 49,383 (61%)
Current vs Prior -58.74%
Prior 7-Day Total 326,447
Calls: 131,896 (40%)
Puts: 194,551 (60%)
Prior 7-Day Average 46,635
Calls: 18,842 (40%)
Puts: 27,793 (60%)
Current vs Prior 7-Day Avg -28.83%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 6.14% | 11.06%14.03% | 18.61%
Prior 6.54% | 10.77%1.33% | 15.03%
Current vs Prior -6.20% | +2.73%+952.84% | +23.86%
Prior 7-Day Avg 4.22% | 7.37%4.04% | 14.95%
Current vs 7-Day Avg +45.43% | +50.08%+247.01% | +24.48%
Prior 7-Day Eod 6.54% | 10.77%1.33% | 15.03%
Current vs 7-Day Eod -6.20% | +2.73%+952.84% | +23.86%
Sentiment BULLISHBEARISH

Relative Spread

Detail
Expiry | Next
Current 12.52% | 18.06%
Calls: 13.84% | 22.71%
Puts: 11.19% | 13.41%
Prior 12.52% | 18.06%
Calls: 13.84% | 22.71%
Puts: 11.19% | 13.41%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 12.52% | 18.06%
Calls: 13.84% | 22.71%
Puts: 11.19% | 13.41%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Strong bearish conviction with 80% of dollar volume in puts ($7.67M) vs calls ($1.89M). Light premium activity with dollar volume down 91% vs prior. Below-average activity with volume down 88% vs prior. Bearish P/C ratio of 1.35 indicates protective positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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 18 of results (avg 6.7%, best 4.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$265.00Aug 765.6068.80$67.204.8%20.93--
$265.00Jul 3164.7068.00$66.355.0%10.94--
$265.00Jul 2463.7067.00$65.355.0%10.93--
$270.00Jul 3160.1063.30$61.705.2%20.93--
$280.00Jul 3151.1054.30$52.706.1%10.891
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$390.00Aug 760.6063.90$62.255.3%10.86--
$392.50Jul 3161.8065.20$63.505.4%40.89--
$370.00Aug 2146.9049.60$48.255.6%10.71--
$385.00Aug 2158.2061.70$59.955.8%100.79169
$380.00Aug 2154.0057.60$55.806.5%200.77160

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. 32 found (avg delta 0.72, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$280.00Jul 2448.9052.20$50.556.5%10.94--
$265.00Jul 3164.7068.00$66.355.0%10.94--
$265.00Jul 2463.7067.00$65.355.0%10.93--
$270.00Jul 3160.1063.30$61.705.2%20.93--
$265.00Aug 765.6068.80$67.204.8%20.93--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$372.50Jul 2440.9044.30$42.608.0%10.918
$392.50Jul 3161.8065.20$63.505.4%40.89--
$355.00Jul 2424.5027.80$26.1512.6%10.86--
$390.00Aug 760.6063.90$62.255.3%10.86--
$370.00Jul 3142.1045.00$43.556.7%30.8115

Most actively traded options today. High liquidity = easy entry/exit. 137 active (total vol 1.7K, top 184)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$335.00Aug 2119.5023.00$21.2516.5%1840.5028
$375.00Jul 240.002.15$1.08199.1%1340.08448
$357.50Jul 240.602.60$1.60125.0%1250.14443
$360.00Jul 240.001.60$0.80200.0%550.0912
$330.00Aug 2121.8024.60$23.2012.1%500.54296
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$335.00Aug 2122.5026.20$24.3515.2%1840.5090
$295.00Jul 240.052.10$1.08189.8%1200.08449
$320.00Aug 2116.4018.40$17.4011.5%580.3910.6K
$322.50Aug 2117.3018.90$18.108.8%520.41--
$330.00Aug 2120.9022.90$21.909.1%500.47488

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 34 strikes (avg 27.1%, max 89.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$265.00Jul 24Aug 7135.4%71.5%89.4%3--
$385.00Jul 24Aug 21101.1%57.9%74.7%2376
$380.00Jul 24Aug 2194.2%58.0%62.4%21190
$375.00Jul 24Aug 2187.1%59.5%46.3%145692
$395.00Jul 31Aug 2874.4%55.8%33.2%3--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$280.00Jul 24Aug 2899.8%57.7%73.0%2--
$285.00Jul 24Aug 2886.2%58.2%48.0%5--
$295.00Jul 24Aug 2879.6%57.2%39.3%121449
$265.00Jul 31Aug 2186.2%63.0%36.7%2--
$300.00Jul 24Aug 2179.5%58.4%36.3%15112

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 97 found (best R:R 32.33, avg 4.27)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$365.00$375.00Jul 24$0.30$9.70$0.3032.33$365.30
$390.00$395.00Jul 31$0.18$4.82$0.1826.78$390.18
$362.50$365.00Jul 24$0.10$2.40$0.1024.00$362.60
$350.00$352.50Jul 24$0.30$2.20$0.307.33$350.30
$360.00$365.00Jul 31$0.60$4.40$0.607.33$360.60
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$280.00$275.00Aug 21$0.15$4.85$0.1532.33$279.85
$287.50$280.00Jul 31$0.32$7.18$0.3222.44$287.18
$295.00$285.00Jul 24$0.48$9.52$0.4819.83$294.52
$310.00$307.50Jul 24$0.20$2.30$0.2011.50$309.80
$320.00$317.50Jul 24$0.20$2.30$0.2011.50$319.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 115 found (best R:R 74.00, avg 2.03)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$265.00$280.00Jul 24$14.80$14.80$0.2074.00$279.80
$265.00$270.00Jul 31$4.65$4.65$0.3513.29$269.65
$270.00$280.00Jul 31$9.00$9.00$1.009.00$279.00
$280.00$325.00Jul 24$39.00$39.00$6.006.50$319.00
$265.00$300.00Aug 7$29.00$29.00$6.004.83$294.00
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$345.00$342.50Jul 24$2.35$2.35$0.1515.67$342.65
$372.50$355.00Jul 24$16.45$16.45$1.0515.67$356.05
$392.50$370.00Jul 31$19.95$19.95$2.557.82$372.55
$385.00$380.00Aug 21$4.15$4.15$0.854.88$380.85
$370.00$360.00Jul 31$7.65$7.65$2.353.26$362.35

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 38 found (avg debit $6.26, cheapest $1.00)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$265.00Jul 24Jul 31$1.00135.4%86.2%
$380.00Jul 24Jul 31$1.2894.2%68.4%
$280.00Jul 24Jul 31$2.1599.8%82.4%
$385.00Jul 24Aug 7$2.32101.1%63.2%
$395.00Jul 31Aug 21$2.4574.4%55.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$270.00Aug 21Aug 28$1.2558.5%59.2%
$265.00Jul 31Aug 21$1.8286.2%63.0%
$280.00Jul 24Jul 31$1.9099.8%82.4%
$290.00Jul 31Aug 14$3.5074.1%65.3%
$295.00Jul 24Jul 31$3.6279.6%77.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 21 found (cheapest 5.52% of stock, avg 12.60%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$330.00Jul 24$8.90$9.30$18.20$311.80$348.205.52%
$325.00Jul 24$11.55$6.70$18.25$306.75$343.255.53%
$327.50Jul 24$10.95$7.95$18.90$308.60$346.405.73%
$340.00Jul 24$4.85$15.00$19.85$320.15$359.856.02%
$345.00Jul 24$3.50$18.55$22.05$322.95$367.056.68%
$355.00Jul 24$1.43$26.15$27.58$327.42$382.588.36%
$332.50Jul 31$16.85$18.55$35.40$297.10$367.9010.73%
$325.00Jul 31$20.65$14.80$35.45$289.55$360.4510.74%
$360.00Jul 31$6.40$35.90$42.30$317.70$402.3012.82%
$327.50Aug 21$24.40$20.10$44.50$283.00$372.0013.49%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 99 found (cheapest 2.06% of stock, avg 7.14%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$347.50$320.00Jul 24$2.25$4.55$6.80$313.20$354.30
$345.00$320.00Jul 24$3.50$4.55$8.05$311.95$353.05
$347.50$322.50Jul 24$2.25$5.90$8.15$314.35$355.65
$347.50$325.00Jul 24$2.25$6.70$8.95$316.05$356.45
$340.00$320.00Jul 24$4.85$4.55$9.40$310.60$349.40
$345.00$322.50Jul 24$3.50$5.90$9.40$313.10$354.40
$385.00$295.00Aug 7$3.45$6.40$9.85$285.15$394.85
$345.00$325.00Jul 24$3.50$6.70$10.20$314.80$355.20
$347.50$327.50Jul 24$2.25$7.95$10.20$317.30$357.70
$340.00$322.50Jul 24$4.85$5.90$10.75$311.75$350.75

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 243 found (best R:R 11.50, avg credit $3.27)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
322/325342/345Aug 21$2.30$0.2011.50$322.70$344.80
308/310328/330Jul 24$2.25$0.259.00$307.75$329.75
318/320328/330Jul 24$2.25$0.259.00$317.75$329.75
318/320335/340Aug 21$4.35$0.656.69$315.65$339.35
270/275335/340Aug 21$4.25$0.755.67$270.75$339.25
320/322332/335Jul 24$2.10$0.405.25$320.40$334.60
318/320340/345Jul 31$4.20$0.805.25$315.80$344.20
315/318332/335Aug 21$2.10$0.405.25$315.40$334.60
318/320330/332Aug 21$2.10$0.405.25$317.90$332.10
320/322332/335Aug 21$2.10$0.405.25$320.40$334.60

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 29 found (best R:R 34.71, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$365.00$367.50$370.00Jul 31$0.07$2.4334.71
$375.00$380.00$385.00Aug 21$0.55$4.458.09
$375.00$377.50$380.00Jul 31$0.32$2.186.81
$335.00$340.00$345.00Jul 24$0.75$4.255.67
$325.00$350.00$375.00Aug 7$3.75$21.255.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$325.00$327.50$330.00Jul 24$0.10$2.4024.00
$312.50$315.00$317.50Jul 24$0.16$2.3414.62
$290.00$295.00$300.00Aug 21$0.40$4.6011.50
$290.00$292.50$295.00Jul 31$0.25$2.259.00
$287.50$290.00$292.50Jul 31$0.35$2.156.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 62 found (best net $-3.65, 55 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$265.00$300.001:2Aug 7-$9.20$25.80
$325.00$350.001:2Aug 7-$1.65$23.35
$300.00$325.001:2Aug 7-$6.10$18.90
$365.00$375.001:2Jul 24-$0.78$9.22
$345.00$360.001:2Aug 21-$6.25$8.75
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$370.00$337.501:2Aug 21-$3.65$28.85
$360.00$332.501:2Jul 31-$1.20$26.30
$280.00$265.001:2Jul 31-$0.08$14.92
$310.00$295.001:2Aug 14-$2.75$12.25
$315.00$300.001:2Aug 21-$4.45$10.55

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 45 found (best yield 6.61%, avg 2.21%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$330.00Aug 21$21.800.540.0%6.61%6.63%50296
$332.50Aug 21$21.400.520.8%6.49%7.27%30--
$335.00Aug 21$19.500.501.5%5.91%7.45%18428
$335.00Aug 14$18.000.501.5%5.46%6.99%1--
$340.00Aug 21$17.300.473.0%5.24%8.30%2--
$342.50Aug 21$16.300.453.8%4.94%8.75%3--
$345.00Aug 21$15.400.444.6%4.67%9.24%324
$332.50Jul 31$15.200.510.8%4.61%5.39%7--
$335.00Jul 31$14.000.481.5%4.24%5.78%67
$350.00Aug 14$12.100.396.1%3.67%9.75%22

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 1,618
Total Puts 2,189
Put/Call Ratio 1.35
Net Difference -571

Prior's Put/Call Breakdown

Total Calls 4,166
Total Puts 26,366
Put/Call Ratio 6.33
Net Difference -22,200

Prior 7-Day Put/Call Summary

Total Calls 11,131
Total Puts 34,801
Average Put/Call Ratio 1.91
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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