Tour v456
CI
THE CIGNA GROUP
$297.61 -1.15%
7/29 14:05

Option Volume

Detail
Current (07/29 2:05pm) 1,434
Calls: 512 (36%)
Puts: 922 (64%)
Prior (04/30) 2,580
Calls: 1,259 (49%)
Puts: 1,321 (51%)
Current vs Prior -44.42%
Calls: -59.33% (Calls)
Puts: -30.20% (Puts)
Prior 7-Day Total 6,135
Calls: 2,299 (37%)
Puts: 3,836 (63%)
Prior 7-Day Average 3,067
Calls: 328 (37%)
Puts: 548 (63%)
Current vs Prior 7-Day Avg -53.25%
Calls: +55.89%
Puts: +68.25%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/29 2:05pm) $1.39M
Calls: $596.0K (43%)
Puts: $789.2K (57%)
Prior (04/30) $1.60M
Calls: $838.2K (52%)
Puts: $766.4K (48%)
Current vs Prior -13.67%
Calls: -28.89%
Puts: +2.97%
Prior 7-Day Total $6.26M
Calls: $2.21M (35%)
Puts: $4.05M (65%)
Prior 7-Day Average $3.13M
Calls: $316.2K (35%)
Puts: $578.6K (65%)
Current vs Prior 7-Day Avg -55.77%
Calls: +88.50%
Puts: +36.41%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/29 2:05pm) 1.80
Prior (04/30) 1.05
Current vs Prior +71.63%
Prior 7-Day Average 1.73
Current vs Prior 7-Day Avg +3.87%
Sentiment BEARISH

Open Interest

Detail
Current (07/29 2:05pm) 82,918
Calls: 58,041 (70%)
Puts: 24,877 (30%)
Prior (04/30) 86,596
Calls: 56,581 (65%)
Puts: 30,015 (35%)
Current vs Prior -4.25%
Prior 7-Day Total 169,878
Calls: 111,639 (66%)
Puts: 58,239 (34%)
Prior 7-Day Average 84,939
Calls: 55,819 (66%)
Puts: 29,119 (34%)
Current vs Prior 7-Day Avg -2.38%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 6.05% | 7.29%8.84% | 12.31%
Prior 7.15% | 7.48%-- | --
Current vs Prior -15.44% | -2.51%-- | --
Prior 7-Day Avg 4.99% | 6.02%-- | --
Current vs 7-Day Avg +21.26% | +21.18%-- | --
Prior 7-Day Eod 7.15% | 7.48%-- | --
Current vs 7-Day Eod -15.44% | -2.51%-- | --
Sentiment BULLISH--

Relative Spread

Detail
Expiry | Next
Current 12.27% | 16.26%
Calls: 13.02% | 12.00%
Puts: 11.52% | 20.51%
Prior 22.12% | 20.64%
Calls: 22.44% | 14.81%
Puts: 21.80% | 26.48%
Current vs Prior -44.53% | -21.22%
Prior 7-Day Avg 22.12% | 20.64%
Calls: 22.44% | 14.81%
Puts: 21.80% | 26.48%
Current vs 7-Day Avg -44.53% | -21.22%
Liquidity Expensive
+
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🤖 AI Insights

Below-average activity with volume down 44% vs prior. Extreme bearish P/C ratio of 1.80 - heavy put buying. P/C ratio rising 72% - increased hedging/bearish positioning. Call-heavy open interest (58,041 calls vs 24,877 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 NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
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 9 of results (avg 8.8%, best 6.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$285.00Aug 717.0018.20$17.606.8%20.7140
$290.00Aug 713.9014.90$14.406.9%10.634
$255.00Aug 741.5045.50$43.509.2%160.91--
$302.50Aug 219.8010.80$10.309.7%20.464
$305.00Aug 218.709.60$9.159.8%30.42177
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$290.00Aug 218.008.70$8.358.4%90.38165
$302.50Jul 3110.4011.40$10.909.2%60.58174
$297.50Aug 79.2010.10$9.659.3%120.482
$295.00Aug 78.108.90$8.509.4%20.446

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. 41 found (avg delta 0.66, highest 0.91)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$255.00Aug 741.5045.50$43.509.2%160.91--
$260.00Aug 2138.1042.20$40.1510.2%10.8958
$275.00Jul 3122.3025.60$23.9513.8%--0.8718
$270.00Aug 2129.6033.50$31.5512.4%--0.8622
$275.00Aug 723.5027.50$25.5015.7%--0.8420
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$310.00Aug 1417.0019.90$18.4515.7%--0.6515
$310.00Aug 2116.5020.70$18.6022.6%--0.6317
$305.00Jul 3112.0014.40$13.2018.2%--0.6110
$302.50Jul 3110.4011.40$10.909.2%60.58174
$302.50Aug 2113.2015.70$14.4517.3%--0.5449

Most actively traded options today. High liquidity = easy entry/exit. 94 active (total vol 552, top 69)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Jul 316.008.40$7.2033.3%690.47884
$315.00Jul 311.202.90$2.0582.9%360.2030
$312.50Aug 215.407.70$6.5535.1%260.344
$320.00Aug 71.603.00$2.3060.9%170.1922
$255.00Aug 741.5045.50$43.509.2%160.91--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$297.50Jul 317.708.70$8.2012.2%360.481
$282.50Jul 312.054.30$3.1870.8%140.2323
$285.00Jul 312.404.80$3.6066.7%140.26363
$297.50Aug 79.2010.10$9.659.3%120.482
$300.00Jul 319.0010.10$9.5511.5%90.53118

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 40 strikes (avg 139.7%, max 276.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$350.00Jul 31Aug 21142.9%37.9%276.6%121
$335.00Jul 31Aug 21118.1%43.1%173.9%180
$325.00Jul 31Aug 28102.5%37.8%170.8%456
$280.00Jul 31Aug 21100.3%39.6%153.6%--98
$285.00Jul 31Aug 2896.4%38.6%150.0%--208
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$250.00Jul 31Aug 28158.3%46.3%241.8%210
$262.50Jul 31Aug 21127.1%42.9%196.1%628
$260.00Jul 31Aug 21129.1%45.6%182.9%2352
$270.00Jul 31Aug 2898.8%38.0%160.1%985
$287.50Jul 31Aug 21103.7%40.0%159.4%1074

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 96 found (best R:R 65.67, avg 4.29)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$335.00$345.00Jul 31$0.15$9.85$0.1565.67$335.15
$320.00$325.00Jul 31$0.23$4.77$0.2320.74$320.23
$312.50$315.00Aug 7$0.13$2.37$0.1318.23$312.63
$315.00$320.00Jul 31$0.27$4.73$0.2717.52$315.27
$320.00$340.00Aug 14$1.98$18.02$1.989.10$321.98
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$270.00$265.00Aug 28$0.20$4.80$0.2024.00$269.80
$280.00$277.50Aug 7$0.12$2.38$0.1219.83$279.88
$262.50$260.00Jul 31$0.18$2.32$0.1812.89$262.32
$275.00$255.00Aug 14$1.73$18.27$1.7310.56$273.27
$265.00$250.00Aug 28$1.33$13.67$1.3310.28$263.67

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 109 found (best R:R 32.33, avg 1.53)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$275.00$280.00Aug 7$4.85$4.85$0.1532.33$279.85
$280.00$282.50Jul 31$2.30$2.30$0.2011.50$282.30
$255.00$275.00Aug 7$18.00$18.00$2.009.00$273.00
$282.50$285.00Aug 21$2.25$2.25$0.259.00$284.75
$260.00$270.00Aug 21$8.60$8.60$1.406.14$268.60
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$305.00$302.50Jul 31$2.30$2.30$0.2011.50$302.70
$300.00$297.50Aug 7$2.05$2.05$0.454.56$297.95
$310.00$300.00Aug 14$6.30$6.30$3.701.70$303.70
$287.50$285.00Jul 31$1.45$1.45$1.051.38$286.05
$297.50$295.00Aug 21$1.45$1.45$1.051.38$296.05

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 36 found (avg debit $1.55, cheapest $0.15)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$340.00Aug 14Aug 21$0.1549.1%42.5%
$280.00Jul 31Aug 7$0.50100.3%53.5%
$285.00Jul 31Aug 7$0.5096.4%52.7%
$320.00Jul 31Aug 7$0.5294.1%49.6%
$290.00Jul 31Aug 7$0.6094.6%55.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$310.00Aug 14Aug 21$0.1543.5%42.2%
$275.00Jul 31Aug 7$0.5597.1%51.6%
$262.50Jul 31Aug 21$0.65127.1%42.9%
$280.00Jul 31Aug 7$0.75100.3%53.5%
$255.00Jul 31Aug 14$0.87123.6%56.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 36 found (cheapest 5.58% of stock, avg 7.90%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$302.50Jul 31$5.70$10.90$16.60$285.90$319.105.58%
$297.50Jul 31$8.45$8.20$16.65$280.85$314.155.59%
$295.00Jul 31$9.40$7.35$16.75$278.25$311.755.63%
$300.00Jul 31$7.20$9.55$16.75$283.25$316.755.63%
$292.50Jul 31$12.00$6.30$18.30$274.20$310.806.15%
$290.00Jul 31$13.80$5.10$18.90$271.10$308.906.35%
$305.00Jul 31$5.95$13.20$19.15$285.85$324.156.43%
$287.50Jul 31$14.55$5.05$19.60$267.90$307.106.59%
$297.50Aug 7$10.00$9.65$19.65$277.85$317.156.60%
$295.00Aug 7$11.50$8.50$20.00$275.00$315.006.72%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 102 found (cheapest 0.99% of stock, avg 4.55%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$340.00$255.00Aug 14$1.55$1.40$2.95$252.05$342.95
$340.00$275.00Aug 14$1.55$3.13$4.68$270.32$344.68
$320.00$255.00Aug 14$3.53$1.40$4.93$250.07$324.93
$325.00$250.00Aug 28$4.00$1.60$5.60$244.40$330.60
$315.00$255.00Aug 14$4.43$1.40$5.83$249.17$320.83
$320.00$275.00Aug 14$3.53$3.13$6.66$268.34$326.66
$320.00$250.00Aug 28$5.30$1.60$6.90$243.10$326.90
$325.00$265.00Aug 28$4.00$2.93$6.93$258.07$331.93
$325.00$270.00Aug 28$4.00$3.13$7.13$262.87$332.13
$340.00$285.00Aug 14$1.55$5.80$7.35$277.65$347.35

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 183 found (best R:R 21.73, avg credit $2.95)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
250/255285/290Aug 21$4.78$0.2221.73$250.22$289.78
280/282290/292Jul 31$2.38$0.1219.83$280.12$292.38
270/272292/295Aug 21$2.38$0.1219.83$270.12$294.88
278/280298/300Jul 31$2.37$0.1318.23$277.63$299.87
280/282292/295Aug 21$2.35$0.1515.67$280.15$294.85
285/288292/295Aug 21$2.35$0.1515.67$285.15$294.85
288/290292/295Aug 21$2.35$0.1515.67$287.65$294.85
270/272290/292Aug 21$2.33$0.1713.71$270.17$292.33
292/295298/300Jul 31$2.30$0.2011.50$292.70$299.80
278/280295/298Aug 21$2.30$0.2011.50$277.70$297.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 39 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$295.00$297.50$300.00Aug 21$0.05$2.4549.00
$260.00$270.00$280.00Aug 21$0.25$9.7539.00
$297.50$300.00$302.50Aug 21$0.10$2.4024.00
$280.00$285.00$290.00Aug 14$0.25$4.7519.00
$292.50$295.00$297.50Aug 21$0.15$2.3515.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$265.00$270.00$275.00Jul 31$0.10$4.9049.00
$282.50$285.00$287.50Aug 21$0.05$2.4549.00
$272.50$275.00$277.50Aug 21$0.19$2.3112.16
$287.50$290.00$292.50Aug 21$0.35$2.156.14
$292.50$295.00$297.50Aug 21$0.35$2.156.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 54 found (best net $-0.27, 44 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$255.00$275.001:2Aug 7-$7.50$12.50
$335.00$345.001:2Jul 31-$0.93$9.07
$310.00$320.001:2Aug 28-$2.25$7.75
$320.00$325.001:2Aug 7-$0.50$4.50
$325.00$330.001:2Aug 21-$0.85$4.15
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$265.00$250.001:2Aug 28-$0.27$14.73
$285.00$275.001:2Aug 14-$0.46$9.54
$250.00$240.001:2Aug 21-$0.50$9.50
$260.00$255.001:2Jul 31-$0.04$4.96
$270.00$265.001:2Jul 31-$0.05$4.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 33 found (best yield 3.29%, avg 1.46%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$302.50Aug 21$9.800.461.6%3.29%4.94%24
$300.00Aug 21$9.400.490.8%3.16%3.96%--438
$305.00Aug 21$8.700.422.5%2.92%5.41%3177
$300.00Aug 7$8.400.480.8%2.82%3.63%135
$300.00Aug 14$8.100.490.8%2.72%3.52%--14
$310.00Aug 28$7.700.384.2%2.59%6.75%--12
$302.50Aug 7$7.000.451.6%2.35%4.00%41
$307.50Aug 21$7.000.393.3%2.35%5.68%--180
$310.00Aug 21$6.900.374.2%2.32%6.48%--2.2K
$300.00Jul 31$6.000.470.8%2.02%2.82%69884

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 512
Total Puts 922
Put/Call Ratio 1.80
Net Difference -410

Prior's Put/Call Breakdown

Total Calls 1,259
Total Puts 1,321
Put/Call Ratio 1.05
Net Difference -62

Prior 7-Day Put/Call Summary

Total Calls 2,299
Total Puts 3,836
Average Put/Call Ratio 1.73
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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