Tour v394
CI
THE CIGNA GROUP
$286.29 +0.51%
7/23 18:20

Option Volume

Detail
Current (07/23) 1,854
Calls: 666 (36%)
Puts: 1,188 (64%)
Prior (07/22) 958
Calls: 598 (62%)
Puts: 360 (38%)
Current vs Prior +93.53%
Calls: +11.37% (Calls)
Puts: +230.00% (Puts)
Prior 7-Day Total 13,528
Calls: 6,253 (46%)
Puts: 7,275 (54%)
Prior 7-Day Average 1,932
Calls: 893 (46%)
Puts: 1,039 (54%)
Current vs Prior 7-Day Avg -4.07%
Calls: -25.44%
Puts: +14.31%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/23) $1.27M
Calls: $530.7K (42%)
Puts: $737.3K (58%)
Prior (07/22) $1.17M
Calls: $724.7K (62%)
Puts: $447.8K (38%)
Current vs Prior +8.15%
Calls: -26.77%
Puts: +64.66%
Prior 7-Day Total $14.96M
Calls: $5.66M (38%)
Puts: $9.31M (62%)
Prior 7-Day Average $2.14M
Calls: $808.1K (38%)
Puts: $1.33M (62%)
Current vs Prior 7-Day Avg -40.69%
Calls: -34.33%
Puts: -44.55%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/23) 1.78
Prior (07/22) 0.60
Current vs Prior +196.31%
Prior 7-Day Average 1.46
Current vs Prior 7-Day Avg +22.48%
Sentiment BEARISH

Open Interest

Detail
Current (07/23) 17,372
Calls: 13,106 (75%)
Puts: 4,266 (25%)
Prior (07/22) 20,319
Calls: 13,766 (68%)
Puts: 6,553 (32%)
Current vs Prior -14.50%
Prior 7-Day Total 146,387
Calls: 103,179 (70%)
Puts: 43,208 (30%)
Prior 7-Day Average 20,912
Calls: 14,739 (70%)
Puts: 6,172 (30%)
Current vs Prior 7-Day Avg -16.93%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 2.11% | 7.00%9.10% | 12.94%
Prior 2.59% | 7.32%9.46% | 13.29%
Current vs Prior -18.70% | -4.32%-3.83% | -2.61%
Prior 7-Day Avg 2.98% | 5.90%5.38% | 12.04%
Current vs 7-Day Avg -29.37% | +18.63%+69.26% | +7.45%
Prior 7-Day Eod 2.59% | 7.32%9.46% | 13.29%
Current vs 7-Day Eod -18.70% | -4.32%-3.83% | -2.61%
Sentiment BULLISHBULLISH

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

Above-average activity with volume up 94% vs prior. Extreme bearish P/C ratio of 1.78 - heavy put buying. P/C ratio rising 196% - increased hedging/bearish positioning. Call-heavy open interest (13,106 calls vs 4,266 puts) suggests bullish positioning.

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

No options available for this category

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 0.66, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$275.00Jul 249.5012.80$11.1529.6%91.00--
$272.50Jul 2412.0015.30$13.6524.2%90.94--
$277.50Jul 3112.5015.50$14.0021.4%20.66--
$280.00Jul 3111.0014.00$12.5024.0%10.61--
$280.00Aug 2115.5017.30$16.4011.0%10.59--
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$292.50Jul 245.708.70$7.2041.7%100.84--
$295.00Jul 3113.2016.40$14.8021.6%100.64--
$287.50Jul 318.6012.00$10.3033.0%100.512

Most actively traded options today. High liquidity = easy entry/exit. 61 active (total vol 448, top 139)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$330.00Aug 210.002.15$1.08199.1%1390.0859
$295.00Jul 240.000.55$0.28196.4%330.09241
$290.00Jul 240.002.60$1.30200.0%170.28167
$295.00Jul 313.807.20$5.5061.8%100.3619
$272.50Jul 2412.0015.30$13.6524.2%90.94--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$282.50Jul 240.003.20$1.60200.0%260.3332
$285.00Jul 240.353.90$2.13166.7%150.4656
$265.00Aug 213.705.70$4.7042.6%130.2321
$292.50Jul 245.708.70$7.2041.7%100.84--
$287.50Jul 318.6012.00$10.3033.0%100.512

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 41.9%, max 102.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$310.00Jul 24Aug 2167.5%36.9%82.9%62.2K
$285.00Jul 31Aug 2857.6%36.2%58.9%8206
$280.00Jul 31Aug 2857.3%36.6%56.4%22
$297.50Jul 31Aug 2154.9%38.0%44.6%107
$300.00Jul 31Aug 2151.6%38.4%34.1%7506
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$270.00Jul 24Aug 2179.1%39.1%102.4%7159
$260.00Jul 31Sep 460.5%37.0%63.2%315
$265.00Jul 31Aug 2160.7%40.1%51.1%1841
$287.50Jul 31Aug 2157.7%40.2%43.6%1454
$282.50Jul 24Aug 2150.0%38.8%28.7%2854

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 45 found (best R:R 59.00, avg 5.04)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$295.00$310.00Jul 24$0.25$14.75$0.2559.00$295.25
$292.50$295.00Jul 24$0.25$2.25$0.259.00$292.75
$315.00$320.00Aug 21$0.55$4.45$0.558.09$315.55
$310.00$315.00Aug 21$0.67$4.33$0.676.46$310.67
$325.00$330.00Aug 21$0.72$4.28$0.725.94$325.72
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$270.00$267.50Aug 21$0.10$2.40$0.1024.00$269.90
$280.00$275.00Jul 24$0.32$4.68$0.3214.62$279.68
$255.00$240.00Aug 21$1.48$13.52$1.489.14$253.52
$260.00$255.00Aug 21$0.77$4.23$0.775.49$259.23
$270.00$265.00Jul 31$0.83$4.17$0.835.02$269.17

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 47 found (best R:R 3.03, avg 0.62)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$275.00$287.50Jul 24$9.40$9.40$3.103.03$284.40
$277.50$280.00Jul 31$1.50$1.50$1.001.50$279.00
$280.00$285.00Aug 28$2.95$2.95$2.051.44$282.95
$287.50$290.00Jul 31$1.40$1.40$1.101.27$288.90
$280.00$285.00Jul 31$2.75$2.75$2.251.22$282.75
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$292.50$285.00Jul 24$5.07$5.07$2.432.09$287.43
$295.00$287.50Jul 31$4.50$4.50$3.001.50$290.50
$282.50$280.00Aug 21$1.25$1.25$1.251.00$281.25
$287.50$277.50Jul 31$4.60$4.60$5.400.85$282.90
$282.50$280.00Jul 24$1.10$1.10$1.400.79$281.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 19 found (avg debit $3.81, cheapest $0.92)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$320.00Aug 7Aug 21$1.3543.8%38.9%
$285.00Jul 31Aug 7$1.4557.6%45.4%
$315.00Jul 31Aug 21$2.1550.0%37.9%
$297.50Jul 31Aug 21$2.6854.9%38.0%
$305.00Jul 31Aug 21$3.1349.2%38.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$260.00Jul 31Aug 7$0.9260.5%50.2%
$255.00Aug 21Sep 4$1.0540.5%37.9%
$265.00Jul 31Aug 14$1.2060.7%42.4%
$287.50Jul 31Aug 21$2.7057.7%40.2%
$270.00Jul 24Jul 31$3.1379.1%57.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 6 found (cheapest 2.70% of stock, avg 6.07%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$292.50Jul 24$0.53$7.20$7.73$284.77$300.232.70%
$275.00Jul 24$11.15$0.18$11.33$263.67$286.333.96%
$287.50Jul 31$8.95$10.30$19.25$268.25$306.756.72%
$277.50Jul 31$14.00$5.70$19.70$257.80$297.206.88%
$295.00Jul 31$5.50$14.80$20.30$274.70$315.307.09%
$280.00Aug 21$16.40$9.60$26.00$254.00$306.009.08%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 72 found (cheapest 0.16% of stock, avg 3.29%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$295.00$275.00Jul 24$0.28$0.18$0.46$274.54$295.46
$295.00$270.00Jul 24$0.28$0.40$0.68$269.32$295.68
$292.50$275.00Jul 24$0.53$0.18$0.71$274.29$293.21
$295.00$280.00Jul 24$0.28$0.50$0.78$279.22$295.78
$292.50$270.00Jul 24$0.53$0.40$0.93$269.07$293.43
$292.50$280.00Jul 24$0.53$0.50$1.03$278.97$293.53
$290.00$275.00Jul 24$1.30$0.18$1.48$273.52$291.48
$290.00$270.00Jul 24$1.30$0.40$1.70$268.30$291.70
$290.00$280.00Jul 24$1.30$0.50$1.80$278.20$291.80
$295.00$282.50Jul 24$0.28$1.60$1.88$280.62$296.88

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 131 found (best R:R 6.14, avg credit $2.84)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
275/278288/290Jul 31$2.15$0.356.14$275.35$289.65
270/275280/285Jul 31$4.17$0.835.02$270.83$284.17
275/278298/300Jul 31$1.92$0.583.31$275.58$299.42
280/282298/300Aug 21$1.90$0.603.17$280.60$299.40
288/295298/300Jul 31$5.67$1.833.10$289.33$303.17
288/295308/315Jul 31$5.62$1.882.99$289.38$313.12
280/282290/292Jul 24$1.87$0.632.97$280.63$291.87
260/265280/285Jul 31$3.67$1.332.76$261.33$283.67
282/288305/310Aug 21$3.65$1.352.70$283.85$308.65
288/295302/305Jul 31$5.43$2.072.62$289.57$307.93

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 10 found (best R:R 82.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$320.00$325.00$330.00Aug 21$0.06$4.9482.33
$310.00$315.00$320.00Aug 21$0.12$4.8840.67
$305.00$310.00$315.00Aug 21$0.83$4.175.02
$290.00$292.50$295.00Jul 24$0.52$1.983.81
$295.00$297.50$300.00Aug 21$0.70$1.802.57
PUTS (3)
LowMidHighExpiryDebitMax GainR:R
$270.00$275.00$280.00Jul 24$0.54$4.468.26
$255.00$260.00$265.00Aug 21$0.58$4.427.62
$265.00$270.00$275.00Jul 31$0.59$4.417.47

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 34 found (best net $-1.10, 25 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$280.00$295.001:2Aug 21-$1.10$13.90
$325.00$330.001:2Aug 21-$0.36$4.64
$320.00$325.001:2Aug 21-$1.02$3.98
$315.00$320.001:2Aug 21-$2.03$2.97
$305.00$310.001:2Aug 21-$2.30$2.70
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$270.00$260.001:2Aug 7-$0.80$9.20
$287.50$277.501:2Jul 31-$1.10$8.90
$280.00$270.001:2Aug 21-$2.20$7.80
$275.00$270.001:2Jul 24-$0.62$4.38
$265.00$260.001:2Jul 31-$0.86$4.14

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 18 found (best yield 2.45%, avg 1.07%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$287.50Jul 31$7.000.490.4%2.45%2.87%64
$295.00Aug 21$7.000.413.0%2.45%5.49%53
$297.50Aug 21$6.200.373.9%2.17%6.08%32
$290.00Jul 31$5.800.451.3%2.03%3.32%1--
$300.00Aug 21$5.300.344.8%1.85%6.64%2443
$305.00Aug 21$4.300.296.5%1.50%8.04%49
$295.00Jul 31$3.800.363.0%1.33%4.37%1019
$297.50Jul 31$2.950.333.9%1.03%4.95%75
$310.00Aug 21$2.600.238.3%0.91%9.19%42.2K
$300.00Jul 31$2.200.284.8%0.77%5.56%563

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 666
Total Puts 1,188
Put/Call Ratio 1.78
Net Difference -522

Prior's Put/Call Breakdown

Total Calls 598
Total Puts 360
Put/Call Ratio 0.60
Net Difference 238

Prior 7-Day Put/Call Summary

Total Calls 6,253
Total Puts 7,275
Average Put/Call Ratio 1.46
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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