Tour v366
CI
THE CIGNA GROUP
$283.94 +0.88%
$283.10 (-0.30%)🌙
as of 07/20 06:19 PM
7/20 18:19

Option Volume

Detail
Current (07/20) 2,545
Calls: 1,333 (52%)
Puts: 1,212 (48%)
Prior (07/17) 1,710
Calls: 909 (53%)
Puts: 801 (47%)
Current vs Prior +48.83%
Calls: +46.64% (Calls)
Puts: +51.31% (Puts)
Prior 7-Day Total 14,859
Calls: 7,247 (49%)
Puts: 7,612 (51%)
Prior 7-Day Average 2,122
Calls: 1,035 (49%)
Puts: 1,087 (51%)
Current vs Prior 7-Day Avg +19.89%
Calls: +28.76%
Puts: +11.46%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/20) $2.46M
Calls: $1.16M (47%)
Puts: $1.30M (53%)
Prior (07/17) $1.18M
Calls: $495.3K (42%)
Puts: $688.9K (58%)
Current vs Prior +107.79%
Calls: +135.02%
Puts: +88.21%
Prior 7-Day Total $14.52M
Calls: $6.15M (42%)
Puts: $8.37M (58%)
Prior 7-Day Average $2.07M
Calls: $878.8K (42%)
Puts: $1.20M (58%)
Current vs Prior 7-Day Avg +18.62%
Calls: +32.46%
Puts: +8.44%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/20) 0.91
Prior (07/17) 0.88
Current vs Prior +3.18%
Prior 7-Day Average 1.48
Current vs Prior 7-Day Avg -38.61%
Sentiment NEUTRAL

Open Interest

Detail
Current (07/20) 22,866
Calls: 16,048 (70%)
Puts: 6,818 (30%)
Prior (07/17) 27,236
Calls: 19,459 (71%)
Puts: 7,777 (29%)
Current vs Prior -16.04%
Prior 7-Day Total 147,395
Calls: 105,932 (72%)
Puts: 41,463 (28%)
Prior 7-Day Average 21,056
Calls: 15,133 (72%)
Puts: 5,923 (28%)
Current vs Prior 7-Day Avg +8.59%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.33% | 7.38%9.56% | 13.21%
Prior 3.89% | 7.75%1.19% | 11.17%
Current vs Prior -14.46% | -4.74%+700.96% | +18.19%
Prior 7-Day Avg 2.83% | 4.59%2.75% | 11.14%
Current vs 7-Day Avg +17.74% | +60.63%+248.03% | +18.60%
Prior 7-Day Eod 3.89% | 7.75%1.19% | 11.17%
Current vs 7-Day Eod -14.46% | -4.74%+700.96% | +18.19%
Sentiment BULLISHBEARISH

Relative Spread

Detail
Expiry | Next
Current 54.66% | 9.91%
Calls: 60.67% | 8.96%
Puts: 48.65% | 10.85%
Prior 54.66% | 9.91%
Calls: 60.67% | 8.96%
Puts: 48.65% | 10.85%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 54.66% | 9.91%
Calls: 60.67% | 8.96%
Puts: 48.65% | 10.85%
Current vs 7-Day Avg -0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Massive premium surge with dollar volume up 108% vs prior. Call-heavy open interest (16,048 calls vs 6,818 puts) suggests bullish positioning. Declining open interest (down 16%) indicates positions being closed.

Smart Money BEARISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current NEUTRAL
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 7 of results (avg 7.5%, best 5.1%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$280.00Aug 2115.3016.10$15.705.1%10.58--
$282.50Aug 2114.0015.20$14.608.2%300.55--
$280.00Aug 712.9014.10$13.508.9%70.598
$287.50Aug 2111.5012.70$12.109.9%40.49--
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$292.50Aug 2116.5017.40$16.955.3%30.57--
$300.00Jul 3118.8020.20$19.507.2%60.72--
$280.00Aug 2110.0010.80$10.407.7%120.42272

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. 17 found (avg delta 0.59, highest 0.75)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$280.00Jul 246.207.00$6.6012.1%10.66--
$280.00Jul 3111.5013.10$12.3013.0%10.59--
$280.00Aug 712.9014.10$13.508.9%70.598
$280.00Aug 2115.3016.10$15.705.1%10.58--
$282.50Jul 244.605.40$5.0016.0%40.5786
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$302.50Jul 3119.6022.40$21.0013.3%360.75204
$300.00Jul 3118.8020.20$19.507.2%60.72--
$287.50Jul 245.506.40$5.9515.1%300.626
$292.50Aug 2116.5017.40$16.955.3%30.57--
$290.00Aug 712.9014.80$13.8513.7%60.561

Most actively traded options today. High liquidity = easy entry/exit. 85 active (total vol 939, top 163)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$292.50Jul 240.901.70$1.3061.5%1630.22310
$295.00Jul 240.451.00$0.7375.3%690.14178
$320.00Aug 212.252.90$2.5825.2%580.16201
$300.00Jul 240.200.80$0.50120.0%330.09315
$282.50Aug 2114.0015.20$14.608.2%300.55--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$287.50Aug 2112.7014.50$13.6013.2%450.51--
$285.00Aug 2111.9013.20$12.5510.4%380.48--
$302.50Jul 3119.6022.40$21.0013.3%360.75204
$287.50Jul 245.506.40$5.9515.1%300.626
$282.50Aug 2110.2012.90$11.5523.4%230.45--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 20.0%, max 55.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$320.00Jul 31Aug 2151.6%37.7%36.9%63210
$330.00Aug 7Aug 2149.7%38.2%30.0%1744
$325.00Jul 24Jul 3166.5%57.6%15.4%3--
$315.00Jul 24Aug 2143.5%38.0%14.5%248
$310.00Jul 31Aug 2143.3%38.0%14.1%292.2K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$250.00Jul 24Aug 2165.0%41.9%55.1%4213
$265.00Jul 31Aug 2153.6%39.4%36.3%1020
$260.00Aug 7Aug 2844.6%37.3%19.8%3133
$290.00Aug 7Aug 2143.6%39.6%10.3%26151
$270.00Jul 24Aug 2142.8%38.9%10.0%20146

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 66 found (best R:R 42.48, avg 4.23)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$305.00$315.00Jul 24$0.23$9.77$0.2342.48$305.23
$295.00$300.00Jul 24$0.23$4.77$0.2320.74$295.23
$302.50$305.00Jul 24$0.17$2.33$0.1713.71$302.67
$315.00$320.00Jul 31$0.50$4.50$0.509.00$315.50
$320.00$330.00Aug 21$1.00$9.00$1.009.00$321.00
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$250.00$235.00Jul 31$0.75$14.25$0.7519.00$249.25
$255.00$250.00Aug 21$0.27$4.73$0.2717.52$254.73
$240.00$230.00Aug 21$0.77$9.23$0.7711.99$239.23
$250.00$240.00Aug 21$1.03$8.97$1.038.71$248.97
$262.50$250.00Jul 31$1.43$11.07$1.437.74$261.07

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 67 found (best R:R 6.14, avg 0.69)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$285.00$287.50Jul 31$1.65$1.65$0.851.94$286.65
$280.00$282.50Jul 24$1.60$1.60$0.901.78$281.60
$287.50$290.00Jul 31$1.45$1.45$1.051.38$288.95
$282.50$285.00Jul 24$1.40$1.40$1.101.27$283.90
$307.50$310.00Jul 31$1.38$1.38$1.121.23$308.88
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$292.50$290.00Aug 21$2.15$2.15$0.356.14$290.35
$300.00$285.00Jul 31$9.45$9.45$5.551.70$290.55
$287.50$285.00Jul 24$1.50$1.50$1.001.50$286.00
$302.50$300.00Jul 31$1.50$1.50$1.001.50$301.00
$290.00$285.00Aug 7$2.80$2.80$2.201.27$287.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 27 found (avg debit $4.23, cheapest $0.18)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$330.00Aug 7Aug 21$0.1849.7%38.2%
$325.00Jul 24Jul 31$1.1066.5%57.6%
$320.00Jul 31Aug 21$1.3851.6%37.7%
$315.00Jul 24Jul 31$1.6543.5%51.4%
$310.00Jul 31Aug 21$2.9343.3%38.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$255.00Aug 21Aug 28$0.6538.8%37.8%
$250.00Jul 24Jul 31$0.9065.0%56.4%
$290.00Aug 7Aug 21$0.9543.6%39.6%
$260.00Aug 7Aug 21$1.4244.6%40.0%
$265.00Jul 31Aug 21$2.0053.6%39.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 14 found (cheapest 2.84% of stock, avg 7.01%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$285.00Jul 24$3.60$4.45$8.05$276.95$293.052.84%
$282.50Jul 24$5.00$3.25$8.25$274.25$290.752.91%
$287.50Jul 24$2.65$5.95$8.60$278.90$296.103.03%
$280.00Jul 24$6.60$2.30$8.90$271.10$288.903.13%
$285.00Jul 31$10.10$10.05$20.15$264.85$305.157.10%
$282.50Aug 7$12.15$9.90$22.05$260.45$304.557.77%
$290.00Aug 7$8.60$13.85$22.45$267.55$312.457.91%
$300.00Jul 31$4.30$19.50$23.80$276.20$323.808.38%
$287.50Aug 21$12.10$13.60$25.70$261.80$313.209.05%
$290.00Aug 21$11.00$14.80$25.80$264.20$315.809.09%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 88 found (cheapest 0.52% of stock, avg 4.13%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$295.00$272.50Jul 24$0.73$0.75$1.48$271.02$296.48
$295.00$275.00Jul 24$0.73$1.10$1.83$273.17$296.83
$292.50$272.50Jul 24$1.30$0.75$2.05$270.45$294.55
$295.00$277.50Jul 24$0.73$1.60$2.33$275.17$297.33
$292.50$275.00Jul 24$1.30$1.10$2.40$272.60$294.90
$290.00$272.50Jul 24$1.88$0.75$2.63$269.87$292.63
$292.50$277.50Jul 24$1.30$1.60$2.90$274.60$295.40
$290.00$275.00Jul 24$1.88$1.10$2.98$272.02$292.98
$295.00$280.00Jul 24$0.73$2.30$3.03$276.97$298.03
$287.50$272.50Jul 24$2.65$0.75$3.40$269.10$290.90

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 206 found (best R:R 12.89, avg credit $2.43)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
262/265285/288Jul 31$2.32$0.1812.89$262.68$287.32
280/282290/292Aug 21$2.30$0.2011.50$280.20$292.30
280/282288/290Aug 21$2.25$0.259.00$280.25$289.75
280/282292/295Aug 21$2.20$0.307.33$280.30$294.70
282/285290/292Aug 21$2.15$0.356.14$282.85$292.15
262/265288/290Jul 31$2.12$0.385.58$262.88$289.62
275/278280/282Jul 24$2.10$0.405.25$275.40$282.10
278/280282/285Jul 24$2.10$0.405.25$277.90$284.60
282/285288/290Aug 21$2.10$0.405.25$282.90$289.60
285/288290/292Jul 24$2.08$0.424.95$285.42$292.08

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 24 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$310.00$315.00$320.00Aug 21$0.13$4.8737.46
$305.00$315.00$325.00Jul 24$0.38$9.6225.32
$290.00$292.50$295.00Aug 21$0.10$2.4024.00
$295.00$297.50$300.00Jul 31$0.15$2.3515.67
$285.00$287.50$290.00Aug 21$0.15$2.3515.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$265.00$267.50$270.00Aug 21$0.05$2.4549.00
$230.00$240.00$250.00Aug 21$0.26$9.7437.46
$272.50$275.00$277.50Jul 24$0.15$2.3515.67
$285.00$287.50$290.00Aug 21$0.15$2.3515.67
$275.00$277.50$280.00Jul 24$0.20$2.3011.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 48 found (best net $-0.10, 41 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$315.00$325.001:2Jul 24-$0.35$9.65
$320.00$330.001:2Aug 21-$0.58$9.42
$300.00$307.501:2Jul 31-$1.30$6.20
$295.00$300.001:2Jul 24-$0.27$4.73
$315.00$320.001:2Jul 31-$0.70$4.30
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$267.50$250.001:2Jul 24-$0.10$17.40
$300.00$285.001:2Jul 31-$0.60$14.40
$250.00$240.001:2Aug 21-$0.42$9.58
$280.00$270.001:2Aug 21-$2.90$7.10
$272.50$265.001:2Jul 31-$1.30$6.20

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 32 found (best yield 4.44%, avg 1.69%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$285.00Aug 21$12.600.520.4%4.44%4.81%1--
$287.50Aug 21$11.500.491.2%4.05%5.30%4--
$290.00Aug 21$10.300.462.1%3.63%5.76%24470
$292.50Aug 21$9.200.433.0%3.24%6.25%2--
$285.00Jul 31$8.800.520.4%3.10%3.47%2103
$295.00Aug 21$8.200.403.9%2.89%6.78%1--
$290.00Aug 7$7.700.442.1%2.71%4.85%1--
$287.50Jul 31$7.600.471.2%2.68%3.93%13
$295.00Aug 14$6.900.393.9%2.43%6.33%8--
$300.00Aug 28$6.900.355.7%2.43%8.09%32

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 1,333
Total Puts 1,212
Put/Call Ratio 0.91
Net Difference 121

Prior's Put/Call Breakdown

Total Calls 909
Total Puts 801
Put/Call Ratio 0.88
Net Difference 108

Prior 7-Day Put/Call Summary

Total Calls 7,247
Total Puts 7,612
Average Put/Call Ratio 1.48
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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