Tour v381
CI
THE CIGNA GROUP
$290.49 +2.31%
7/21 18:20

Option Volume

Detail
Current (07/21) 1,362
Calls: 853 (63%)
Puts: 509 (37%)
Prior (07/20) 2,545
Calls: 1,333 (52%)
Puts: 1,212 (48%)
Current vs Prior -46.48%
Calls: -36.01% (Calls)
Puts: -58.00% (Puts)
Prior 7-Day Total 15,753
Calls: 7,869 (50%)
Puts: 7,884 (50%)
Prior 7-Day Average 2,250
Calls: 1,124 (50%)
Puts: 1,126 (50%)
Current vs Prior 7-Day Avg -39.48%
Calls: -24.12%
Puts: -54.81%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/21) $1.13M
Calls: $824.8K (73%)
Puts: $302.5K (27%)
Prior (07/20) $2.46M
Calls: $1.16M (47%)
Puts: $1.30M (53%)
Current vs Prior -54.19%
Calls: -29.15%
Puts: -76.67%
Prior 7-Day Total $15.66M
Calls: $6.48M (41%)
Puts: $9.18M (59%)
Prior 7-Day Average $2.24M
Calls: $926.2K (41%)
Puts: $1.31M (59%)
Current vs Prior 7-Day Avg -49.61%
Calls: -10.95%
Puts: -76.93%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/21) 0.60
Prior (07/20) 0.91
Current vs Prior -34.37%
Prior 7-Day Average 1.42
Current vs Prior 7-Day Avg -58.04%
Sentiment BULLISH

Open Interest

Detail
Current (07/21) 19,507
Calls: 15,226 (78%)
Puts: 4,281 (22%)
Prior (07/20) 22,866
Calls: 16,048 (70%)
Puts: 6,818 (30%)
Current vs Prior -14.69%
Prior 7-Day Total 146,761
Calls: 103,487 (71%)
Puts: 43,274 (29%)
Prior 7-Day Average 20,965
Calls: 14,783 (71%)
Puts: 6,182 (29%)
Current vs Prior 7-Day Avg -6.96%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.30% | 7.19%9.66% | 13.25%
Prior 3.33% | 7.38%9.56% | 13.21%
Current vs Prior -0.70% | -2.49%+0.99% | +0.35%
Prior 7-Day Avg 3.06% | 5.10%3.57% | 11.38%
Current vs 7-Day Avg +7.83% | +40.96%+170.49% | +16.47%
Prior 7-Day Eod 3.33% | 7.38%9.56% | 13.21%
Current vs 7-Day Eod -0.70% | -2.49%+0.99% | +0.35%
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

Moderately bullish flow with 73% call dollar volume ($824.8K). Light premium activity with dollar volume down 54% vs prior. Below-average activity with volume down 46% vs prior. Bullish P/C ratio of 0.60.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BEARISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
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 9.3%, best 8.3%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$285.00Aug 713.9015.10$14.508.3%30.5937
$280.00Jul 3115.9017.30$16.608.4%10.66--
$282.50Aug 2117.0018.70$17.859.5%10.6130
$285.00Aug 2115.8017.40$16.609.6%70.591
$272.50Jul 3120.6022.70$21.659.7%10.78--
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$315.00Jul 2424.2026.70$25.459.8%10.93--

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. 23 found (avg delta 0.68, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$272.50Jul 2416.2018.80$17.5014.9%390.94--
$275.00Jul 2413.8016.40$15.1017.2%390.921
$277.50Jul 2411.2014.00$12.6022.2%10.90--
$282.50Jul 248.7010.20$9.4515.9%40.8086
$272.50Jul 3120.6022.70$21.659.7%10.78--
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$315.00Jul 2424.2026.70$25.459.8%10.93--
$307.50Jul 2416.7019.50$18.1015.5%10.86--
$295.00Aug 2114.5016.10$15.3010.5%40.53--
$292.50Aug 2113.2014.90$14.0512.1%30.50--

Most actively traded options today. High liquidity = easy entry/exit. 81 active (total vol 960, top 181)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$307.50Aug 215.607.00$6.3022.2%1810.32--
$295.00Jul 241.753.00$2.3852.5%690.34229
$335.00Aug 210.401.95$1.18131.4%500.09--
$272.50Jul 2416.2018.80$17.5014.9%390.94--
$275.00Jul 2413.8016.40$15.1017.2%390.921
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Aug 212.803.60$3.2025.0%1450.16242
$282.50Jul 240.901.45$1.1846.6%260.2029
$277.50Jul 240.300.65$0.4872.9%250.106
$285.00Jul 241.502.15$1.8335.5%190.2860
$287.50Jul 242.153.20$2.6839.2%180.3734

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 18 strikes (avg 27.4%, max 91.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$315.00Jul 24Aug 2157.1%37.8%51.1%321
$280.00Jul 31Aug 2156.9%39.2%45.4%887
$320.00Jul 31Aug 2153.8%37.6%43.3%6247
$307.50Aug 7Aug 2145.7%37.8%21.0%182--
$295.00Jul 24Aug 2840.5%37.8%7.1%70231
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$267.50Jul 24Aug 2178.6%41.1%91.2%3--
$255.00Jul 24Aug 2165.9%42.0%56.7%32
$260.00Jul 31Aug 2160.1%41.4%45.3%152250
$262.50Jul 31Aug 2159.0%40.6%45.2%221
$270.00Jul 24Aug 2150.4%40.9%23.3%17158

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 59 found (best R:R 40.67, avg 4.55)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$305.00$310.00Jul 24$0.12$4.88$0.1240.67$305.12
$315.00$320.00Jul 31$0.27$4.73$0.2717.52$315.27
$307.50$340.00Aug 7$3.85$28.65$3.857.44$311.35
$325.00$330.00Aug 21$0.62$4.38$0.627.06$325.62
$310.00$315.00Jul 31$0.65$4.35$0.656.69$310.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$275.00$272.50Jul 24$0.12$2.38$0.1219.83$274.88
$267.50$265.00Aug 21$0.20$2.30$0.2011.50$267.30
$272.50$270.00Aug 21$0.20$2.30$0.2011.50$272.30
$280.00$277.50Aug 21$0.20$2.30$0.2011.50$279.80
$267.50$255.00Jul 24$1.07$11.43$1.0710.68$266.43

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 64 found (best R:R 49.00, avg 1.59)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$282.50$285.00Jul 24$2.15$2.15$0.356.14$284.65
$280.00$285.00Jul 31$3.60$3.60$1.402.57$283.60
$275.00$280.00Jul 31$3.45$3.45$1.552.23$278.45
$292.50$295.00Jul 31$1.65$1.65$0.851.94$294.15
$285.00$290.00Jul 31$3.25$3.25$1.751.86$288.25
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$315.00$307.50Jul 24$7.35$7.35$0.1549.00$307.65
$307.50$290.00Jul 24$14.30$14.30$3.204.47$293.20
$287.50$285.00Aug 21$1.65$1.65$0.851.94$285.85
$292.50$290.00Aug 21$1.40$1.40$1.101.27$291.10
$275.00$272.50Aug 21$1.25$1.25$1.251.00$273.75

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 26 found (avg debit $4.24, cheapest $0.65)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$280.00Jul 31Aug 7$0.6556.9%46.3%
$307.50Aug 7Aug 21$1.2545.7%37.8%
$320.00Jul 31Aug 21$1.6353.8%37.6%
$315.00Jul 24Jul 31$1.6957.1%50.3%
$310.00Jul 24Jul 31$2.5441.2%48.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$260.00Jul 31Aug 21$1.3260.1%41.4%
$262.50Jul 31Aug 21$1.4059.0%40.6%
$280.00Aug 7Aug 21$1.4546.3%39.2%
$255.00Jul 24Aug 21$2.3765.9%42.0%
$270.00Jul 24Jul 31$2.5550.4%52.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 15 found (cheapest 2.84% of stock, avg 6.44%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$290.00Jul 24$4.45$3.80$8.25$281.75$298.252.84%
$287.50Jul 24$5.90$2.68$8.58$278.92$296.082.95%
$285.00Jul 24$7.30$1.83$9.13$275.87$294.133.14%
$282.50Jul 24$9.45$1.18$10.63$271.87$293.133.66%
$277.50Jul 24$12.60$0.48$13.08$264.42$290.584.50%
$275.00Jul 24$15.10$0.45$15.55$259.45$290.555.35%
$272.50Jul 24$17.50$0.33$17.83$254.67$290.336.14%
$290.00Jul 31$9.75$9.60$19.35$270.65$309.356.66%
$285.00Jul 31$13.00$7.55$20.55$264.45$305.557.07%
$280.00Aug 7$17.25$6.95$24.20$255.80$304.208.33%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 77 found (cheapest 0.50% of stock, avg 3.80%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$305.00$267.50Jul 24$0.30$1.15$1.45$266.05$306.45
$305.00$282.50Jul 24$0.30$1.18$1.48$281.02$306.48
$300.00$267.50Jul 24$0.85$1.15$2.00$265.50$302.00
$300.00$282.50Jul 24$0.85$1.18$2.03$280.47$302.03
$305.00$285.00Jul 24$0.30$1.83$2.13$282.87$307.13
$302.50$267.50Jul 24$1.00$1.15$2.15$265.35$304.65
$302.50$282.50Jul 24$1.00$1.18$2.18$280.32$304.68
$300.00$285.00Jul 24$0.85$1.83$2.68$282.32$302.68
$302.50$285.00Jul 24$1.00$1.83$2.83$282.17$305.33
$305.00$287.50Jul 24$0.30$2.68$2.98$284.52$307.98

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 164 found (best R:R 15.67, avg credit $2.39)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
262/265282/285Aug 21$2.35$0.1515.67$262.65$284.85
272/275282/285Jul 24$2.27$0.239.87$272.73$284.77
272/275280/282Aug 21$2.25$0.259.00$272.75$282.25
275/278280/282Aug 21$2.25$0.259.00$275.25$282.25
288/290292/295Jul 24$2.24$0.268.62$287.76$294.74
282/285288/290Jul 24$2.10$0.405.25$282.90$289.60
262/265280/282Aug 21$2.10$0.405.25$262.90$282.10
272/275305/308Aug 21$2.05$0.454.56$272.95$307.05
275/278305/308Aug 21$2.05$0.454.56$275.45$307.05
285/288292/295Jul 24$1.97$0.533.72$285.53$294.47

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 20 found (best R:R 37.46, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$315.00$320.00$325.00Aug 21$0.14$4.8634.71
$320.00$325.00$330.00Aug 21$0.26$4.7418.23
$305.00$310.00$315.00Jul 24$0.32$4.6814.63
$280.00$285.00$290.00Jul 31$0.35$4.6513.29
$310.00$315.00$320.00Jul 31$0.38$4.6212.16
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$250.00$255.00$260.00Aug 21$0.13$4.8737.46
$270.00$272.50$275.00Jul 24$0.07$2.4334.71
$282.50$285.00$287.50Jul 24$0.20$2.3011.50
$285.00$287.50$290.00Jul 24$0.27$2.238.26
$265.00$267.50$270.00Aug 21$0.45$2.054.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 32 found (best net $-1.47, 23 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$305.00$310.001:2Jul 24-$0.06$4.94
$330.00$335.001:2Aug 21-$0.43$4.57
$310.00$315.001:2Jul 24-$0.58$4.42
$325.00$330.001:2Aug 21-$1.31$3.69
$310.00$315.001:2Jul 31-$1.42$3.58
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$270.00$262.501:2Jul 31-$1.47$6.03
$255.00$250.001:2Aug 21-$1.21$3.79
$260.00$255.001:2Aug 21-$1.70$3.30
$275.00$272.501:2Jul 24-$0.21$2.29
$272.50$270.001:2Jul 24-$0.23$2.27

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 22 found (best yield 3.68%, avg 1.48%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$295.00Aug 28$10.700.471.6%3.68%5.24%12
$295.00Aug 21$10.600.471.6%3.65%5.20%21
$292.50Jul 31$8.100.480.7%2.79%3.48%15
$300.00Aug 21$7.800.413.3%2.69%5.96%2442
$305.00Aug 21$6.600.355.0%2.27%7.27%1--
$297.50Jul 31$6.000.402.4%2.07%4.48%1--
$295.00Jul 31$5.900.431.6%2.03%3.58%2--
$307.50Aug 21$5.600.325.9%1.93%7.78%181--
$310.00Aug 21$5.500.306.7%1.89%8.61%1--
$300.00Jul 31$5.100.363.3%1.76%5.03%666

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 853
Total Puts 509
Put/Call Ratio 0.60
Net Difference 344

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 7,869
Total Puts 7,884
Average Put/Call Ratio 1.42
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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