Tour v492
CI
THE CIGNA GROUP
$275.25 +1.76%
8/6 18:28

Option Volume

Detail
Current (08/06) 4,070
Calls: 2,496 (61%)
Puts: 1,574 (39%)
Prior (08/05) 2,650
Calls: 1,777 (67%)
Puts: 873 (33%)
Current vs Prior +53.58%
Calls: +40.46% (Calls)
Puts: +80.30% (Puts)
Prior 7-Day Total 27,691
Calls: 13,401 (48%)
Puts: 14,290 (52%)
Prior 7-Day Average 3,955
Calls: 1,914 (48%)
Puts: 2,041 (52%)
Current vs Prior 7-Day Avg +2.89%
Calls: +30.38%
Puts: -22.90%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/06) $3.57M
Calls: $1.75M (49%)
Puts: $1.82M (51%)
Prior (08/05) $2.21M
Calls: $1.50M (68%)
Puts: $707.9K (32%)
Current vs Prior +61.52%
Calls: +16.40%
Puts: +157.39%
Prior 7-Day Total $19.79M
Calls: $12.23M (62%)
Puts: $7.56M (38%)
Prior 7-Day Average $2.83M
Calls: $1.75M (62%)
Puts: $1.08M (38%)
Current vs Prior 7-Day Avg +26.35%
Calls: +0.18%
Puts: +68.70%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/06) 0.63
Prior (08/05) 0.49
Current vs Prior +28.36%
Prior 7-Day Average 1.09
Current vs Prior 7-Day Avg -42.12%
Sentiment BULLISH

Open Interest

Detail
Current (08/06) 45,563
Calls: 31,733 (70%)
Puts: 13,830 (30%)
Prior (08/05) 39,161
Calls: 27,395 (70%)
Puts: 11,766 (30%)
Current vs Prior +16.35%
Prior 7-Day Total 338,220
Calls: 227,377 (67%)
Puts: 110,843 (33%)
Prior 7-Day Average 48,317
Calls: 32,482 (67%)
Puts: 15,834 (33%)
Current vs Prior 7-Day Avg -5.70%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 2.21% | 4.20%5.20% | 10.19%
Prior 2.77% | 4.70%5.27% | 10.28%
Current vs Prior -20.33% | -10.62%-1.38% | -0.84%
Prior 7-Day Avg 4.05% | 5.48%6.69% | 11.04%
Current vs 7-Day Avg -45.40% | -23.45%-22.39% | -7.73%
Prior 7-Day Eod 2.77% | 4.70%5.27% | 10.28%
Current vs 7-Day Eod -20.33% | -10.62%-1.38% | -0.84%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 75.29% | 9.03%
Calls: 89.40% | 8.96%
Puts: 61.18% | 9.09%
Prior 75.29% | 9.03%
Calls: 89.40% | 8.96%
Puts: 61.18% | 9.09%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 63.34% | 10.19%
Calls: 74.38% | 9.39%
Puts: 52.30% | 10.97%
Current vs 7-Day Avg +18.87% | -11.37%
Liquidity Expensive
+
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🤖 AI Insights

Elevated premium activity with dollar volume up 62% vs prior. Above-average activity with volume up 54% vs prior. Bullish P/C ratio of 0.63. Call-heavy open interest (31,733 calls vs 13,830 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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 1 of results (avg 8.7%, best 8.7%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$280.00Sep 1813.2014.40$13.808.7%100.55473

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. 32 found (avg delta 0.70, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$267.50Aug 77.5010.00$8.7528.6%30.916
$260.00Aug 1415.7018.00$16.8513.6%10.88--
$260.00Aug 2116.7019.10$17.9013.4%60.8458
$272.50Aug 73.005.30$4.1555.4%290.7148
$270.00Aug 147.609.30$8.4520.1%10.693
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$285.00Aug 77.9010.40$9.1527.3%2020.95219
$290.00Aug 713.0015.70$14.3518.8%150.94--
$292.50Aug 1416.1018.20$17.1512.2%350.928
$292.50Aug 715.4018.20$16.8016.7%150.91--
$300.00Aug 2123.2025.70$24.4510.2%400.90--

Most actively traded options today. High liquidity = easy entry/exit. 103 active (total vol 3.7K, top 864)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$280.00Sep 188.809.90$9.3511.8%8640.453.3K
$282.50Aug 213.504.30$3.9020.5%2220.35241
$277.50Aug 70.401.45$0.93112.9%1960.32104
$277.50Aug 143.605.00$4.3032.6%1860.454
$280.00Aug 70.300.80$0.5590.9%1320.19174
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$295.00Aug 2118.6021.10$19.8512.6%5000.8513
$280.00Aug 146.408.10$7.2523.4%2130.6315
$285.00Aug 77.9010.40$9.1527.3%2020.95219
$272.50Aug 143.004.10$3.5531.0%980.392
$270.00Aug 70.250.90$0.57114.0%680.18367

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 49.0%, max 206.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$310.00Aug 7Sep 1893.1%30.4%206.4%654
$290.00Aug 7Sep 1868.1%30.8%121.1%17403
$287.50Aug 7Aug 2148.0%30.2%58.6%9115
$275.00Aug 7Aug 2840.7%27.7%47.0%7227
$285.00Aug 7Aug 2143.3%30.3%42.9%14132
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$292.50Aug 7Aug 1487.0%30.4%186.3%508
$260.00Aug 7Sep 1861.5%29.9%105.9%21854
$265.00Aug 7Aug 2152.3%29.7%76.1%595
$267.50Aug 7Aug 2144.5%29.1%53.1%1249
$270.00Aug 7Sep 1843.1%29.0%48.7%901.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 67 found (best R:R 79.00, avg 6.66)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$290.00$310.00Aug 7$0.25$19.75$0.2579.00$290.25
$282.50$285.00Aug 7$0.10$2.40$0.1024.00$282.60
$310.00$320.00Sep 18$0.42$9.58$0.4222.81$310.42
$300.00$310.00Aug 21$0.48$9.52$0.4819.83$300.48
$290.00$300.00Aug 14$0.53$9.47$0.5317.87$290.53
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$250.00$245.00Aug 14$0.10$4.90$0.1049.00$249.90
$265.00$262.50Aug 7$0.13$2.37$0.1318.23$264.87
$255.00$250.00Aug 14$0.28$4.72$0.2816.86$254.72
$260.00$257.50Aug 14$0.20$2.30$0.2011.50$259.80
$240.00$230.00Sep 18$0.80$9.20$0.8011.50$239.20

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 78 found (best R:R 11.50, avg 1.18)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$267.50$272.50Aug 7$4.60$4.60$0.4011.50$272.10
$260.00$270.00Aug 14$8.40$8.40$1.605.25$268.40
$270.00$272.50Aug 21$1.95$1.95$0.553.55$271.95
$260.00$270.00Aug 21$7.55$7.55$2.453.08$267.55
$270.00$272.50Aug 14$1.80$1.80$0.702.57$271.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$300.00$295.00Aug 21$4.60$4.60$0.4011.50$295.40
$292.50$285.00Aug 14$6.40$6.40$1.105.82$286.10
$295.00$285.00Aug 21$7.90$7.90$2.103.76$287.10
$285.00$280.00Aug 7$3.90$3.90$1.103.55$281.10
$285.00$282.50Aug 14$1.90$1.90$0.603.17$283.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 26 found (avg debit $1.49, cheapest $0.25)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$310.00Aug 7Aug 21$0.2793.1%33.1%
$290.00Aug 7Aug 14$0.4568.1%29.3%
$300.00Aug 14Aug 21$0.5832.1%31.7%
$260.00Aug 14Aug 21$1.0534.3%29.8%
$287.50Aug 7Aug 14$1.1348.0%30.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$250.00Aug 14Aug 21$0.2538.3%31.9%
$292.50Aug 7Aug 14$0.3587.0%30.4%
$240.00Sep 4Sep 18$0.5536.4%32.6%
$260.00Aug 7Aug 14$0.7361.5%34.3%
$245.00Aug 14Sep 4$0.9541.0%32.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 24 found (cheapest 1.65% of stock, avg 4.86%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$275.00Aug 7$2.48$2.05$4.53$270.47$279.531.65%
$272.50Aug 7$4.15$0.98$5.13$267.37$277.631.86%
$280.00Aug 7$0.55$5.25$5.80$274.20$285.802.11%
$267.50Aug 7$8.75$0.28$9.03$258.47$276.533.28%
$285.00Aug 7$0.15$9.15$9.30$275.70$294.303.38%
$275.00Aug 14$5.45$4.55$10.00$265.00$285.003.63%
$272.50Aug 14$6.65$3.55$10.20$262.30$282.703.71%
$280.00Aug 14$3.13$7.25$10.38$269.62$290.383.77%
$277.50Aug 14$4.30$6.10$10.40$267.10$287.903.78%
$270.00Aug 14$8.45$2.53$10.98$259.02$280.983.99%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 110 found (cheapest 0.14% of stock, avg 2.02%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$285.00$265.00Aug 7$0.15$0.23$0.38$264.62$285.38
$285.00$267.50Aug 7$0.15$0.28$0.43$267.07$285.43
$282.50$265.00Aug 7$0.25$0.23$0.48$264.52$282.98
$282.50$267.50Aug 7$0.25$0.28$0.53$266.97$283.03
$290.00$265.00Aug 7$0.28$0.23$0.51$264.49$290.51
$290.00$267.50Aug 7$0.28$0.28$0.56$266.94$290.56
$285.00$270.00Aug 7$0.15$0.57$0.72$269.28$285.72
$280.00$265.00Aug 7$0.55$0.23$0.78$264.22$280.78
$280.00$267.50Aug 7$0.55$0.28$0.83$266.67$280.83
$282.50$270.00Aug 7$0.25$0.57$0.82$269.18$283.32

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 184 found (best R:R 17.52, avg credit $2.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
262/265268/272Aug 7$4.73$0.2717.52$260.27$272.23
265/268270/272Aug 14$2.33$0.1713.71$265.17$272.33
268/270272/275Aug 21$2.30$0.2011.50$267.70$274.80
270/272278/280Aug 14$2.19$0.317.06$270.31$279.69
250/255260/270Aug 14$8.68$1.326.58$246.32$268.68
270/272275/278Aug 14$2.17$0.336.58$270.33$277.17
272/275278/280Aug 14$2.17$0.336.58$272.83$279.67
275/278280/282Aug 21$2.15$0.356.14$275.35$282.15
245/250260/270Aug 14$8.50$1.505.67$241.50$268.50
275/278282/285Aug 14$2.12$0.385.58$275.38$284.62

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 40 found (best R:R 30.25, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$277.50$280.00$282.50Aug 7$0.08$2.4230.25
$272.50$275.00$277.50Aug 7$0.12$2.3819.83
$285.00$287.50$290.00Aug 21$0.12$2.3819.83
$290.00$300.00$310.00Aug 21$0.62$9.3815.13
$282.50$285.00$287.50Aug 21$0.16$2.3414.62
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$245.00$250.00$255.00Aug 14$0.18$4.8226.78
$255.00$257.50$260.00Aug 14$0.10$2.4024.00
$230.00$240.00$250.00Sep 18$0.45$9.5521.22
$267.50$270.00$272.50Aug 7$0.12$2.3819.83
$265.00$267.50$270.00Aug 14$0.12$2.3819.83

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 72 found (best net $-0.15, 54 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$315.00$330.001:2Aug 21-$0.15$14.85
$260.00$270.001:2Aug 14-$0.05$9.95
$300.00$310.001:2Sep 18-$0.27$9.73
$310.00$320.001:2Sep 18-$0.96$9.04
$290.00$300.001:2Sep 18-$1.01$8.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$230.001:2Sep 18-$0.03$9.97
$250.00$240.001:2Sep 18-$0.38$9.62
$260.00$250.001:2Sep 18-$0.56$9.44
$270.00$260.001:2Sep 18-$1.65$8.35
$280.00$270.001:2Sep 18-$3.70$6.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 22 found (best yield 3.20%, avg 0.93%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$280.00Sep 18$8.800.451.7%3.20%4.92%8643.3K
$290.00Sep 18$5.200.325.4%1.89%7.25%14403
$280.00Aug 28$5.100.431.7%1.85%3.58%122
$280.00Aug 21$4.400.411.7%1.60%3.32%34161
$277.50Aug 14$3.600.450.8%1.31%2.13%1864
$282.50Aug 21$3.500.352.6%1.27%3.91%222241
$290.00Sep 4$3.400.295.4%1.24%6.59%41
$300.00Sep 18$2.950.219.0%1.07%10.06%5815
$285.00Aug 21$2.750.303.5%1.00%4.54%853
$280.00Aug 14$2.650.371.7%0.96%2.69%4524

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 2,496
Total Puts 1,574
Put/Call Ratio 0.63
Net Difference 922

Prior's Put/Call Breakdown

Total Calls 1,777
Total Puts 873
Put/Call Ratio 0.49
Net Difference 904

Prior 7-Day Put/Call Summary

Total Calls 13,401
Total Puts 14,290
Average Put/Call Ratio 1.09
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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