Tour v477
CI
THE CIGNA GROUP
$281.83 -2.03%
7/31 15:11

Option Volume

Detail
Current (07/31) 2,968
Calls: 1,145 (39%)
Puts: 1,823 (61%)
Prior (07/30) 8,343
Calls: 3,708 (44%)
Puts: 4,635 (56%)
Current vs Prior -64.43%
Calls: -69.12% (Calls)
Puts: -60.67% (Puts)
Prior 7-Day Total 21,846
Calls: 11,627 (53%)
Puts: 10,219 (47%)
Prior 7-Day Average 3,120
Calls: 1,661 (53%)
Puts: 1,459 (47%)
Current vs Prior 7-Day Avg -4.90%
Calls: -31.07%
Puts: +24.88%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/31) $2.26M
Calls: $1.12M (50%)
Puts: $1.13M (50%)
Prior (07/30) $4.25M
Calls: $2.63M (62%)
Puts: $1.63M (38%)
Current vs Prior -46.94%
Calls: -57.17%
Puts: -30.41%
Prior 7-Day Total $16.02M
Calls: $10.66M (67%)
Puts: $5.36M (33%)
Prior 7-Day Average $2.29M
Calls: $1.52M (67%)
Puts: $765.4K (33%)
Current vs Prior 7-Day Avg -1.42%
Calls: -26.16%
Puts: +47.80%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/31) 1.59
Prior (07/30) 1.25
Current vs Prior +27.37%
Prior 7-Day Average 0.94
Current vs Prior 7-Day Avg +69.77%
Sentiment BEARISH

Open Interest

Detail
Current (07/31) 89,618
Calls: 59,379 (66%)
Puts: 30,239 (34%)
Prior (07/30) 85,555
Calls: 59,022 (69%)
Puts: 26,533 (31%)
Current vs Prior +4.75%
Prior 7-Day Total 283,227
Calls: 197,445 (70%)
Puts: 85,782 (30%)
Prior 7-Day Average 40,461
Calls: 28,206 (70%)
Puts: 12,254 (30%)
Current vs Prior 7-Day Avg +121.49%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 1.19% | 3.87%6.10% | 10.61%
Prior 2.43% | 4.47%6.54% | 10.95%
Current vs Prior -51.01% | -13.42%-6.62% | -3.12%
Prior 7-Day Avg 4.80% | 6.89%8.58% | 12.32%
Current vs 7-Day Avg -75.26% | -43.90%-28.89% | -13.87%
Prior 7-Day Eod 2.43% | 4.47%6.54% | 10.95%
Current vs 7-Day Eod -51.01% | -13.42%-6.62% | -3.12%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 44.66% | 14.78%
Calls: 44.66% | 13.56%
Puts: -- | --
Prior 75.29% | 9.03%
Calls: 89.40% | 8.96%
Puts: 61.18% | 9.09%
Current vs Prior -40.68% | +63.68%
Prior 7-Day Avg 51.55% | 10.69%
Calls: 57.97% | 9.39%
Puts: 45.14% | 11.98%
Current vs 7-Day Avg -13.37% | +38.24%
Liquidity Expensive
+
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🤖 AI Insights

Below-average activity with volume down 64% vs prior. Extreme bearish P/C ratio of 1.59 - heavy put buying. Call-heavy open interest (59,379 calls vs 30,239 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 BULLISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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 16 of results (avg 7.5%, best 5.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Jul 3151.2053.80$52.505.0%--0.9413
$235.00Aug 2147.0049.70$48.355.6%40.97--
$277.50Aug 2110.4011.10$10.756.5%20.601
$230.00Sep 451.9055.50$53.706.7%20.934
$280.00Aug 219.009.70$9.357.5%--0.5687
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$295.00Aug 2115.4016.30$15.855.7%--0.7313
$325.00Aug 2141.2043.90$42.556.3%--0.9433
$290.00Aug 2111.8012.60$12.206.6%20.64174
$287.50Aug 2110.3011.00$10.656.6%--0.5968
$285.00Aug 218.909.60$9.257.6%--0.55192

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. 48 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$255.00Jul 3126.1028.80$27.459.8%10.991
$235.00Aug 2147.0049.70$48.355.6%40.97--
$275.00Jul 316.308.80$7.5533.1%10.9516
$230.00Jul 3151.2053.80$52.505.0%--0.9413
$230.00Sep 451.9055.50$53.706.7%20.934
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$285.00Jul 312.303.90$3.1051.6%4711.00680
$287.50Jul 313.706.30$5.0052.0%331.0048
$297.50Jul 3113.7016.30$15.0017.3%--1.0037
$300.00Jul 3116.2018.80$17.5014.9%--1.00113
$305.00Jul 3121.2023.80$22.5011.6%--1.0010

Most actively traded options today. High liquidity = easy entry/exit. 113 active (total vol 1.6K, top 471)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Aug 211.902.25$2.0816.8%1260.20434
$292.50Jul 310.002.15$1.08199.1%1000.18107
$295.00Jul 310.002.00$1.00200.0%510.16162
$295.00Aug 142.002.75$2.3831.5%490.2415
$287.50Jul 310.000.25$0.13192.3%430.0840
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$285.00Jul 312.303.90$3.1051.6%4711.00680
$285.00Aug 76.106.90$6.5012.3%2510.5936
$287.50Jul 313.706.30$5.0052.0%331.0048
$280.00Jul 310.050.60$0.33166.7%200.21626
$280.00Aug 73.404.00$3.7016.2%190.4328

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 47 strikes (avg 1050.8%, max 3024.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$335.00Jul 31Aug 211054.8%33.8%3024.7%190
$330.00Jul 31Aug 21984.7%34.4%2763.7%--237
$325.00Jul 31Aug 21912.2%33.4%2629.1%277
$230.00Jul 31Sep 41262.4%46.6%2606.4%217
$315.00Jul 31Sep 4759.2%32.5%2233.5%3286
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$230.00Jul 31Sep 111262.4%43.6%2796.6%214
$235.00Jul 31Sep 4894.3%36.6%2346.3%224
$250.00Jul 31Aug 21841.6%34.9%2310.7%--227
$260.00Jul 31Sep 11630.8%32.2%1859.7%132
$262.50Jul 31Aug 21577.3%31.4%1737.7%--23

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 89 found (best R:R 37.46, avg 5.70)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$330.00$335.00Aug 21$0.13$4.87$0.1337.46$330.13
$302.50$305.00Aug 21$0.13$2.37$0.1318.23$302.63
$297.50$300.00Aug 7$0.15$2.35$0.1515.67$297.65
$302.50$305.00Jul 31$0.17$2.33$0.1713.71$302.67
$300.00$302.50Aug 7$0.17$2.33$0.1713.71$300.17
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$255.00$250.00Aug 21$0.18$4.82$0.1826.78$254.82
$250.00$240.00Aug 21$0.40$9.60$0.4024.00$249.60
$235.00$230.00Aug 28$0.25$4.75$0.2519.00$234.75
$250.00$235.00Jul 31$0.78$14.22$0.7818.23$249.22
$280.00$277.50Jul 31$0.15$2.35$0.1515.67$279.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 107 found (best R:R 99.00, avg 2.65)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$265.00$275.00Jul 31$9.90$9.90$0.1099.00$274.90
$235.00$260.00Aug 21$23.70$23.70$1.3018.23$258.70
$255.00$275.00Aug 7$18.50$18.50$1.5012.33$273.50
$260.00$270.00Aug 21$8.30$8.30$1.704.88$268.30
$270.00$277.50Aug 21$5.60$5.60$1.902.95$275.60
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$325.00$310.00Aug 21$14.60$14.60$0.4036.50$310.40
$310.00$300.00Aug 14$9.35$9.35$0.6514.38$300.65
$285.00$282.50Jul 31$2.30$2.30$0.2011.50$282.70
$310.00$302.50Aug 21$6.75$6.75$0.759.00$303.25
$295.00$292.50Aug 21$2.15$2.15$0.356.14$292.85

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 34 found (avg debit $1.50, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$320.00Jul 31Aug 7$0.05449.6%40.9%
$315.00Jul 31Aug 21$0.10759.2%35.6%
$302.50Jul 31Aug 7$0.13366.6%32.4%
$292.50Jul 31Aug 7$0.17354.5%30.3%
$305.00Jul 31Aug 7$0.27293.9%34.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$310.00Aug 14Aug 21$0.0540.3%33.2%
$297.50Jul 31Aug 7$0.45210.2%31.4%
$270.00Jul 31Aug 7$0.85244.3%31.1%
$255.00Jul 31Aug 21$0.90376.6%32.1%
$295.00Jul 31Aug 7$0.90396.0%31.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 42 found (cheapest 1.02% of stock, avg 6.65%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$280.00Jul 31$2.55$0.33$2.88$277.12$282.881.02%
$285.00Jul 31$0.05$3.10$3.15$281.85$288.151.12%
$287.50Jul 31$0.13$5.00$5.13$282.37$292.631.82%
$275.00Jul 31$7.55$0.10$7.65$267.35$282.652.71%
$290.00Jul 31$0.60$7.55$8.15$281.85$298.152.89%
$282.50Aug 7$4.55$5.00$9.55$272.95$292.053.39%
$280.00Aug 7$5.90$3.70$9.60$270.40$289.603.41%
$285.00Aug 7$3.45$6.50$9.95$275.05$294.953.53%
$287.50Aug 7$2.55$8.10$10.65$276.85$298.153.78%
$292.50Jul 31$1.08$10.05$11.13$281.37$303.633.95%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 131 found (cheapest 0.28% of stock, avg 2.42%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$290.00$277.50Jul 31$0.60$0.18$0.78$276.72$290.78
$290.00$280.00Jul 31$0.60$0.33$0.93$279.07$290.93
$295.00$277.50Jul 31$1.00$0.18$1.18$276.32$296.18
$292.50$277.50Jul 31$1.08$0.18$1.26$276.24$293.76
$312.50$277.50Jul 31$1.08$0.18$1.26$276.24$313.76
$315.00$277.50Jul 31$1.08$0.18$1.26$276.24$316.26
$295.00$280.00Jul 31$1.00$0.33$1.33$278.67$296.33
$292.50$280.00Jul 31$1.08$0.33$1.41$278.59$293.91
$312.50$280.00Jul 31$1.08$0.33$1.41$278.59$313.91
$315.00$280.00Jul 31$1.08$0.33$1.41$278.59$316.41

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 224 found (best R:R 24.00, avg credit $2.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
280/282285/288Aug 14$2.40$0.1024.00$280.10$287.40
282/285288/290Aug 7$2.25$0.259.00$282.75$289.75
280/282290/292Aug 14$2.25$0.259.00$280.25$292.25
275/278280/282Aug 7$2.20$0.307.33$275.30$282.20
280/282285/288Aug 7$2.20$0.307.33$280.30$287.20
280/282288/290Aug 14$2.20$0.307.33$280.30$289.70
240/250260/270Aug 21$8.70$1.306.69$241.30$268.70
275/280285/290Aug 28$4.35$0.656.69$275.65$289.35
285/288290/292Aug 7$2.15$0.356.14$285.35$292.15
280/282285/288Aug 21$2.15$0.356.14$280.35$287.15

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 63 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$255.00$265.00$275.00Jul 31$0.10$9.9099.00
$282.50$285.00$287.50Aug 14$0.10$2.4024.00
$282.50$285.00$287.50Aug 21$0.10$2.4024.00
$297.50$300.00$302.50Jul 31$0.13$2.3718.23
$302.50$305.00$307.50Aug 21$0.13$2.3718.23
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$230.00$235.00$240.00Aug 21$0.07$4.9370.43
$295.00$297.50$300.00Jul 31$0.05$2.4549.00
$275.00$277.50$280.00Jul 31$0.07$2.4334.71
$260.00$262.50$265.00Aug 21$0.07$2.4334.71
$282.50$285.00$287.50Aug 7$0.10$2.4024.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 122 found (best net $-0.95, 99 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$235.00$260.001:2Aug 21-$0.95$24.05
$230.00$255.001:2Jul 31-$2.40$22.60
$300.00$310.001:2Aug 28-$0.16$9.84
$290.00$300.001:2Aug 28-$0.55$9.45
$270.00$280.001:2Aug 14-$1.45$8.55
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$260.00$240.001:2Aug 14-$1.06$18.94
$270.00$260.001:2Sep 11-$1.55$8.45
$280.00$270.001:2Sep 11-$3.10$6.90
$260.00$255.001:2Aug 21-$0.16$4.84
$240.00$235.001:2Aug 21-$0.21$4.79

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 38 found (best yield 2.80%, avg 0.90%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$285.00Aug 28$7.900.481.1%2.80%3.93%--101
$282.50Aug 21$7.600.500.2%2.70%2.93%--101
$285.00Aug 21$6.400.461.1%2.27%3.40%814
$282.50Aug 14$6.200.500.2%2.20%2.44%11
$290.00Aug 28$5.600.402.9%1.99%4.89%3126
$287.50Aug 21$5.300.412.0%1.88%3.89%--11
$285.00Aug 14$5.100.451.1%1.81%2.93%621
$290.00Aug 21$4.500.362.9%1.60%4.50%5467
$282.50Aug 7$4.200.490.2%1.49%1.73%16
$287.50Aug 14$4.200.392.0%1.49%3.50%68

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 1,145
Total Puts 1,823
Put/Call Ratio 1.59
Net Difference -678

Prior's Put/Call Breakdown

Total Calls 3,708
Total Puts 4,635
Put/Call Ratio 1.25
Net Difference -927

Prior 7-Day Put/Call Summary

Total Calls 11,627
Total Puts 10,219
Average Put/Call Ratio 0.94
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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