Tour v422
CI
THE CIGNA GROUP
$291.02 +0.50%
7/27 18:20

Option Volume

Detail
Current (07/27) 1,652
Calls: 816 (49%)
Puts: 836 (51%)
Prior (07/24) 2,443
Calls: 2,154 (88%)
Puts: 289 (12%)
Current vs Prior -32.38%
Calls: -62.12% (Calls)
Puts: +189.27% (Puts)
Prior 7-Day Total 14,573
Calls: 8,310 (57%)
Puts: 6,263 (43%)
Prior 7-Day Average 2,081
Calls: 1,187 (57%)
Puts: 894 (43%)
Current vs Prior 7-Day Avg -20.65%
Calls: -31.26%
Puts: -6.56%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/27) $1.91M
Calls: $1.18M (62%)
Puts: $725.2K (38%)
Prior (07/24) $1.40M
Calls: $1.22M (87%)
Puts: $183.1K (13%)
Current vs Prior +35.94%
Calls: -3.10%
Puts: +296.01%
Prior 7-Day Total $12.35M
Calls: $6.38M (52%)
Puts: $5.97M (48%)
Prior 7-Day Average $1.76M
Calls: $911.6K (52%)
Puts: $852.2K (48%)
Current vs Prior 7-Day Avg +8.13%
Calls: +29.67%
Puts: -14.90%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/27) 1.02
Prior (07/24) 0.13
Current vs Prior +663.60%
Prior 7-Day Average 0.85
Current vs Prior 7-Day Avg +20.19%
Sentiment BEARISH

Open Interest

Detail
Current (07/27) 23,554
Calls: 16,417 (70%)
Puts: 7,137 (30%)
Prior (07/24) 24,026
Calls: 18,384 (77%)
Puts: 5,642 (23%)
Current vs Prior -1.96%
Prior 7-Day Total 161,786
Calls: 116,236 (72%)
Puts: 45,550 (28%)
Prior 7-Day Average 23,112
Calls: 16,605 (72%)
Puts: 6,507 (28%)
Current vs Prior 7-Day Avg +1.91%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 6.77% | 7.42%8.88% | 12.06%
Prior 6.79% | 7.67%8.94% | 12.81%
Current vs Prior -0.25% | -3.19%-0.69% | -5.86%
Prior 7-Day Avg 3.44% | 6.87%7.14% | 12.53%
Current vs 7-Day Avg +96.74% | +8.10%+24.37% | -3.78%
Prior 7-Day Eod 6.79% | 7.67%8.94% | 12.81%
Current vs 7-Day Eod -0.25% | -3.19%-0.69% | -5.86%
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

Moderately bullish flow with 62% call dollar volume ($1.18M). Slightly bearish P/C ratio of 1.02. P/C ratio rising 664% - increased hedging/bearish positioning. Call-heavy open interest (16,417 calls vs 7,137 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 4 of results (avg 8.2%, best 8.1%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$295.00Jul 317.007.60$7.308.2%90.4684
$290.00Aug 710.5011.40$10.958.2%10.543
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Aug 714.2015.40$14.808.1%10.621
$302.50Jul 3115.0016.30$15.658.3%10.67--

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. 18 found (avg delta 0.61, highest 0.89)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$265.00Jul 3126.2029.60$27.9012.2%10.89--
$280.00Jul 3115.1016.90$16.0011.2%80.7112
$285.00Jul 3112.2013.60$12.9010.9%30.63--
$287.50Jul 3110.6012.30$11.4514.8%10.59--
$290.00Jul 319.3010.80$10.0514.9%1030.55279
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$305.00Jul 3116.0018.90$17.4516.6%30.71--
$305.00Aug 716.9019.30$18.1013.3%30.69--
$302.50Jul 3115.0016.30$15.658.3%10.67--
$302.50Aug 2116.6018.80$17.7012.4%10.6248
$300.00Aug 714.2015.40$14.808.1%10.621

Most actively traded options today. High liquidity = easy entry/exit. 83 active (total vol 946, top 165)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$320.00Jul 310.801.55$1.1863.6%1650.1168
$290.00Jul 319.3010.80$10.0514.9%1030.55279
$300.00Jul 315.005.90$5.4516.5%750.37782
$310.00Jul 311.503.20$2.3572.3%320.2184
$335.00Jul 310.000.40$0.20200.0%210.034
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$280.00Aug 216.307.70$7.0020.0%600.33279
$270.00Aug 213.604.90$4.2530.6%590.22122
$277.50Jul 313.104.60$3.8539.0%400.265
$292.50Jul 318.9010.40$9.6515.5%250.5010
$275.00Jul 312.653.20$2.9318.8%240.2212

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 26 strikes (avg 78.5%, max 114.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$290.00Jul 31Aug 2875.6%36.9%104.9%104279
$305.00Jul 31Aug 2876.4%39.3%94.4%13--
$300.00Jul 31Aug 2873.8%38.3%92.6%76787
$315.00Jul 31Aug 2872.8%38.1%91.2%1723
$312.50Jul 31Aug 2175.3%40.5%86.0%6--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$265.00Jul 31Sep 478.9%36.8%114.1%326
$292.50Jul 31Aug 2176.5%39.2%95.0%3928
$302.50Jul 31Aug 2176.2%39.1%94.5%248
$260.00Jul 31Sep 469.0%36.2%90.3%1217
$255.00Jul 31Sep 473.5%39.2%87.5%8--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 72 found (best R:R 40.67, avg 5.13)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$330.00$335.00Jul 31$0.18$4.82$0.1826.78$330.18
$325.00$330.00Jul 31$0.32$4.68$0.3214.63$325.32
$320.00$340.00Aug 7$1.35$18.65$1.3513.81$321.35
$320.00$325.00Jul 31$0.48$4.52$0.489.42$320.48
$330.00$335.00Aug 21$0.48$4.52$0.489.42$330.48
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$260.00$255.00Jul 31$0.12$4.88$0.1240.67$259.88
$255.00$250.00Jul 31$0.15$4.85$0.1532.33$254.85
$260.00$255.00Sep 4$0.23$4.77$0.2320.74$259.77
$250.00$240.00Aug 21$0.68$9.32$0.6813.71$249.32
$275.00$272.50Jul 31$0.18$2.32$0.1812.89$274.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 74 found (best R:R 3.84, avg 0.63)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$265.00$280.00Jul 31$11.90$11.90$3.103.84$276.90
$280.00$285.00Jul 31$3.10$3.10$1.901.63$283.10
$292.50$295.00Jul 31$1.50$1.50$1.001.50$294.00
$292.50$297.50Aug 7$2.95$2.95$2.051.44$295.45
$285.00$287.50Jul 31$1.45$1.45$1.051.38$286.45
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$305.00$302.50Jul 31$1.80$1.80$0.702.57$303.20
$305.00$300.00Aug 7$3.30$3.30$1.701.94$301.70
$295.00$292.50Aug 21$1.55$1.55$0.951.63$293.45
$302.50$297.50Aug 21$3.10$3.10$1.901.63$299.40
$302.50$292.50Jul 31$6.00$6.00$4.001.50$296.50

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 26 found (avg debit $1.25, cheapest $0.30)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$312.50Jul 31Aug 7$0.3075.3%47.8%
$297.50Jul 31Aug 7$0.4075.5%48.1%
$305.00Jul 31Aug 7$0.6576.4%50.1%
$307.50Jul 31Aug 7$0.6776.0%50.2%
$320.00Jul 31Aug 7$0.7472.2%50.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$255.00Jul 31Aug 7$0.5073.5%53.1%
$305.00Jul 31Aug 7$0.6576.4%50.1%
$282.50Jul 31Aug 7$0.8577.6%50.3%
$270.00Jul 31Aug 7$1.0075.1%52.3%
$292.50Jul 31Aug 7$1.0076.5%52.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 13 found (cheapest 6.31% of stock, avg 7.29%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$290.00Jul 31$10.05$8.30$18.35$271.65$308.356.31%
$292.50Jul 31$8.80$9.65$18.45$274.05$310.956.34%
$287.50Jul 31$11.45$7.15$18.60$268.90$306.106.39%
$285.00Jul 31$12.90$6.10$19.00$266.00$304.006.53%
$280.00Jul 31$16.00$4.30$20.30$259.70$300.306.98%
$297.50Aug 7$6.95$13.50$20.45$277.05$317.957.03%
$302.50Jul 31$4.90$15.65$20.55$281.95$323.057.06%
$292.50Aug 7$9.90$10.65$20.55$271.95$313.057.06%
$300.00Aug 7$6.45$14.80$21.25$278.75$321.257.30%
$305.00Jul 31$4.20$17.45$21.65$283.35$326.657.44%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 75 found (cheapest 2.01% of stock, avg 4.15%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$307.50$260.00Aug 7$4.20$1.65$5.85$254.15$313.35
$305.00$260.00Aug 7$4.85$1.65$6.50$253.50$311.50
$307.50$270.00Aug 7$4.20$2.85$7.05$262.95$314.55
$320.00$270.00Aug 21$3.28$4.25$7.53$262.47$327.53
$305.00$270.00Aug 7$4.85$2.85$7.70$262.30$312.70
$300.00$260.00Aug 7$6.45$1.65$8.10$251.90$308.10
$307.50$275.00Aug 7$4.20$4.00$8.20$266.80$315.70
$305.00$280.00Jul 31$4.20$4.30$8.50$271.50$313.50
$315.00$270.00Aug 21$4.30$4.25$8.55$261.45$323.55
$297.50$260.00Aug 7$6.95$1.65$8.60$251.40$306.10

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 203 found (best R:R 18.23, avg credit $2.59)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
275/278285/288Jul 31$2.37$0.1318.23$275.13$287.37
270/272285/288Jul 31$2.35$0.1515.67$270.15$287.35
275/278288/290Jul 31$2.32$0.1812.89$275.18$289.82
270/272288/290Jul 31$2.30$0.2011.50$270.20$289.80
280/282290/292Jul 31$2.30$0.2011.50$280.20$292.30
282/285290/292Aug 7$2.30$0.2011.50$282.70$292.30
292/295312/315Aug 21$2.25$0.259.00$292.75$314.75
292/298300/305Aug 7$4.45$0.558.09$293.05$304.45
275/278290/292Jul 31$2.17$0.336.58$275.33$292.17
270/272290/292Jul 31$2.15$0.356.14$270.35$292.15

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 18 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$285.00$287.50$290.00Jul 31$0.05$2.4549.00
$325.00$330.00$335.00Jul 31$0.14$4.8634.71
$320.00$325.00$330.00Jul 31$0.16$4.8430.25
$315.00$320.00$325.00Jul 31$0.17$4.8328.41
$287.50$290.00$292.50Jul 31$0.15$2.3515.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$285.00$287.50$290.00Jul 31$0.10$2.4024.00
$287.50$290.00$292.50Jul 31$0.20$2.3011.50
$282.50$285.00$287.50Jul 31$0.30$2.207.33
$255.00$260.00$265.00Jul 31$0.78$4.225.41
$275.00$280.00$285.00Aug 21$0.80$4.205.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 43 found (best net $--, 39 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$295.00$310.001:2Aug 21$0.00$15.00
$315.00$330.001:2Aug 28-$0.50$14.50
$265.00$280.001:2Jul 31-$4.10$10.90
$320.00$330.001:2Aug 21-$0.28$9.72
$312.50$320.001:2Aug 7-$1.12$6.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$270.00$260.001:2Aug 7-$0.45$9.55
$302.50$292.501:2Jul 31-$3.65$6.35
$282.50$275.001:2Aug 7-$1.80$5.70
$260.00$255.001:2Aug 7-$0.01$4.99
$255.00$250.001:2Jul 31-$0.03$4.97

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 31 found (best yield 3.23%, avg 1.45%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$292.50Aug 7$9.400.500.5%3.23%3.74%5--
$295.00Aug 21$9.300.481.4%3.20%4.56%17
$300.00Aug 28$8.400.423.1%2.89%5.97%15
$292.50Jul 31$8.000.500.5%2.75%3.26%197
$305.00Aug 28$7.300.374.8%2.51%7.31%1--
$295.00Jul 31$7.000.461.4%2.41%3.77%984
$297.50Aug 7$6.100.412.2%2.10%4.32%2--
$300.00Aug 7$6.000.383.1%2.06%5.15%35
$297.50Jul 31$5.700.422.2%1.96%4.19%79
$310.00Aug 28$5.100.326.5%1.75%8.27%1--

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 816
Total Puts 836
Put/Call Ratio 1.02
Net Difference -20

Prior's Put/Call Breakdown

Total Calls 2,154
Total Puts 289
Put/Call Ratio 0.13
Net Difference 1,865

Prior 7-Day Put/Call Summary

Total Calls 8,310
Total Puts 6,263
Average Put/Call Ratio 0.85
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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