Tour v388
CIFR
CIPHER DIGITAL INC
$24.25 +5.94%
(7/21 18:03) ◀
|
Wednesday, July 22, 2026 (3:05pm)
January 2026
|
▶ (7/22 18:13)
◀ 7/22 15:05 ▶

Option Volume

Detail
ℹ
Current (07/22 3:05pm) 90,592
Calls: 34,275 (38%)
Puts: 56,317 (62%)
Prior (07/21) 88,120
Calls: 53,322 (61%)
Puts: 34,798 (39%)
Current vs Prior +2.81%
Calls: -35.72% (Calls)
Puts: +61.84% (Puts)
Prior 7-Day Total 595,385
Calls: 400,670 (67%)
Puts: 194,715 (33%)
Prior 7-Day Average 85,055
Calls: 57,238 (67%)
Puts: 27,816 (33%)
Current vs Prior 7-Day Avg +6.51%
Calls: -40.12%
Puts: +102.46%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/22 3:05pm) $20.59M
Calls: $14.24M (69%)
Puts: $6.35M (31%)
Prior (07/21) $19.98M
Calls: $14.63M (73%)
Puts: $5.35M (27%)
Current vs Prior +3.06%
Calls: -2.71%
Puts: +18.85%
Prior 7-Day Total $108.95M
Calls: $73.27M (67%)
Puts: $35.68M (33%)
Prior 7-Day Average $15.56M
Calls: $10.47M (67%)
Puts: $5.10M (33%)
Current vs Prior 7-Day Avg +32.30%
Calls: +36.02%
Puts: +24.64%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22 3:05pm) 1.64
Prior (07/21) 0.65
Current vs Prior +151.78%
Prior 7-Day Average 0.47
Current vs Prior 7-Day Avg +252.47%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/22 3:05pm) 1,278,917
Calls: 834,628 (65%)
Puts: 444,289 (35%)
Prior (07/21) 1,248,150
Calls: 818,748 (66%)
Puts: 429,402 (34%)
Current vs Prior +2.47%
Prior 7-Day Total 8,681,907
Calls: 6,046,976 (70%)
Puts: 2,634,931 (30%)
Prior 7-Day Average 1,240,272
Calls: 863,853 (70%)
Puts: 376,418 (30%)
Current vs Prior 7-Day Avg +3.12%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 9.28% | 17.07%30.85% | 39.88%
Prior 12.40% | 18.60%31.14% | 41.21%
Current vs Prior -25.16% | -8.19%-0.94% | -3.24%
Prior 7-Day Avg 7.65% | 15.39%11.70% | 32.44%
Current vs 7-Day Avg +21.23% | +10.92%+163.68% | +22.91%
Prior 7-Day Eod 12.40% | 18.60%30.28% | 39.36%
Current vs 7-Day Eod -25.16% | -8.19%+1.88% | +1.31%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 17.80% | 11.59%
Calls: 13.27% | 12.50%
Puts: 22.32% | 10.68%
Prior 8.54% | 7.85%
Calls: 7.44% | 8.65%
Puts: 9.63% | 7.04%
Current vs Prior +108.43% | +47.64%
Prior 7-Day Avg 20.79% | 7.93%
Calls: 20.39% | 8.67%
Puts: 18.27% | 7.18%
Current vs 7-Day Avg -14.38% | +46.15%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 69% call dollar volume ($14.24M). Extreme bearish P/C ratio of 1.64 - heavy put buying. P/C ratio rising 152% - increased hedging/bearish positioning. Call-heavy open interest (834,628 calls vs 444,289 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
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 48 of results (avg 7.9%, best 4.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.00Aug 212.372.48$2.424.5%4200.458.4K
$28.00Aug 212.082.18$2.134.7%1.8K0.415.5K
$23.00Aug 213.954.15$4.054.9%4870.626.8K
$24.50Jul 240.860.91$0.895.6%2050.48600
$23.50Jul 241.411.50$1.466.2%5320.64641
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Aug 216.456.75$6.604.5%--0.63131
$28.00Aug 215.706.00$5.855.1%10.59239
$26.00Aug 214.354.60$4.475.6%1160.51232
$22.00Aug 212.212.36$2.296.6%260.33890
$27.00Aug 215.005.35$5.186.8%360.55333

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 14 found (avg $0.64, cheapest $0.07)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$26.00Jul 240.360.40$0.3810.5%3570.27734
$25.50Jul 240.480.58$0.5318.9%1160.34300
$28.50Jul 310.600.70$0.6515.4%360.24107
$25.00Jul 240.650.71$0.688.8%7550.412.2K
$28.00Jul 310.700.80$0.7513.3%1400.27946
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Jul 240.060.07$0.0714.3%11.7K0.0511.5K
$22.00Jul 240.240.27$0.2611.5%8730.17556
$23.00Jul 240.480.54$0.5111.8%4650.29357
$23.50Jul 240.650.70$0.687.4%2150.36137
$21.50Jul 310.730.89$0.8119.8%140.24734

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 95 found (avg delta 0.67, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$19.50Jul 243.905.00$4.4524.7%510.97315
$20.50Jul 243.204.00$3.6022.2%330.953.1K
$20.00Jul 243.854.50$4.1815.6%490.952.0K
$21.00Jul 242.713.50$3.1125.4%280.891.1K
$19.50Jul 314.305.30$4.8020.8%220.8658
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$29.00Jul 244.705.55$5.1316.6%10.9222
$28.50Jul 244.155.15$4.6521.5%--0.9118
$28.00Jul 243.754.55$4.1519.3%--0.8945
$27.50Jul 243.304.10$3.7021.6%--0.8619
$26.50Jul 242.412.66$2.549.8%100.79265

Most actively traded options today. High liquidity = easy entry/exit. 166 active (total vol 56.4K, top 11.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$23.00Jul 241.681.88$1.7811.2%2.0K0.712.3K
$28.00Aug 212.082.18$2.134.7%1.8K0.415.5K
$24.00Jul 241.051.20$1.1313.3%1.6K0.563.2K
$24.00Aug 143.103.45$3.2810.7%1.2K0.5748
$24.00Aug 72.763.00$2.888.3%8970.57235
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Jul 240.060.07$0.0714.3%11.7K0.0511.5K
$24.00Jul 311.751.92$1.849.2%10.8K0.44352
$23.00Jul 311.301.44$1.3710.2%10.7K0.36308
$19.50Aug 211.241.60$1.4225.4%1.0K0.2238
$22.00Jul 240.240.27$0.2611.5%8730.17556

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 35 strikes (avg 17.6%, max 47.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$21.00Jul 24Aug 28167.5%113.3%47.9%281.1K
$20.00Jul 24Aug 28163.1%113.2%44.1%492.1K
$19.50Jul 24Aug 28160.3%114.8%39.7%51328
$21.50Jul 24Aug 28156.7%112.4%39.4%573.1K
$22.50Jul 24Aug 28145.0%110.2%31.6%1262.5K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$21.00Jul 24Aug 28167.5%113.3%47.9%95416
$20.00Jul 24Aug 28163.1%113.2%44.1%11.7K11.8K
$19.50Jul 24Aug 28160.3%114.8%39.7%803664
$21.50Jul 24Aug 28156.7%112.4%39.4%37359
$28.50Jul 24Aug 14146.1%124.3%17.5%--44

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 133 found (best R:R 4.00, avg 1.50)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$28.00$28.50Aug 7$0.10$0.40$0.104.00$28.10
$26.00$26.50Jul 24$0.11$0.39$0.113.55$26.11
$27.00$27.50Aug 7$0.11$0.39$0.113.55$27.11
$26.50$27.00Jul 31$0.12$0.38$0.123.17$26.62
$25.50$26.00Aug 14$0.12$0.38$0.123.17$25.62
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$20.50$20.00Jul 31$0.10$0.40$0.104.00$20.40
$22.50$22.00Jul 24$0.11$0.39$0.113.55$22.39
$20.00$19.50Aug 7$0.11$0.39$0.113.55$19.89
$21.00$20.50Jul 24$0.13$0.37$0.132.85$20.87
$23.00$22.50Jul 24$0.14$0.36$0.142.57$22.86

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 147 found (best R:R 4.00, avg 1.04)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.00$22.50Jul 24$0.40$0.40$0.104.00$22.40
$22.50$23.00Jul 24$0.36$0.36$0.142.57$22.86
$21.00$21.50Jul 31$0.35$0.35$0.152.33$21.35
$20.00$21.00Aug 28$0.70$0.70$0.302.33$20.70
$23.50$24.00Jul 24$0.33$0.33$0.171.94$23.83
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$29.00$28.00Aug 21$0.75$0.75$0.253.00$28.25
$26.00$25.50Jul 31$0.37$0.37$0.132.85$25.63
$28.00$27.50Aug 7$0.37$0.37$0.132.85$27.63
$26.00$25.50Jul 24$0.36$0.36$0.142.57$25.64
$27.00$26.00Aug 21$0.71$0.71$0.292.45$26.29

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 40 found (avg debit $0.77, cheapest $0.32)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$19.50Jul 24Jul 31$0.35160.3%142.1%
$20.00Jul 24Jul 31$0.35163.1%135.1%
$20.50Jul 24Jul 31$0.43138.2%134.3%
$29.00Jul 24Jul 31$0.54144.7%131.8%
$28.50Jul 24Jul 31$0.56146.1%129.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$28.00Jul 24Jul 31$0.32142.3%129.0%
$19.50Jul 24Jul 31$0.38160.3%142.1%
$20.00Jul 24Jul 31$0.39163.1%135.1%
$21.00Jul 24Jul 31$0.45167.5%127.8%
$27.50Jul 24Jul 31$0.50144.2%127.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 88 found (cheapest 8.25% of stock, avg 22.66%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$24.00Jul 24$1.13$0.87$2.00$22.00$26.008.25%
$24.50Jul 24$0.89$1.12$2.01$22.49$26.518.29%
$25.00Jul 24$0.68$1.43$2.11$22.89$27.118.70%
$23.50Jul 24$1.46$0.68$2.14$21.36$25.648.82%
$25.50Jul 24$0.53$1.75$2.28$23.22$27.789.40%
$23.00Jul 24$1.78$0.51$2.29$20.71$25.299.44%
$26.00Jul 24$0.38$2.11$2.49$23.51$28.4910.27%
$22.50Jul 24$2.14$0.37$2.51$19.99$25.0110.35%
$22.00Jul 24$2.54$0.26$2.80$19.20$24.8011.55%
$26.50Jul 24$0.27$2.54$2.81$23.69$29.3111.59%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 144 found (cheapest 2.19% of stock, avg 16.82%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$26.50$22.00Jul 24$0.27$0.26$0.53$21.47$27.03
$26.00$22.00Jul 24$0.38$0.26$0.64$21.36$26.64
$26.50$22.50Jul 24$0.27$0.37$0.64$21.86$27.14
$26.00$22.50Jul 24$0.38$0.37$0.75$21.75$26.75
$26.50$23.00Jul 24$0.27$0.51$0.78$22.22$27.28
$25.50$22.00Jul 24$0.53$0.26$0.79$21.21$26.29
$26.00$23.00Jul 24$0.38$0.51$0.89$22.11$26.89
$25.50$22.50Jul 24$0.53$0.37$0.90$21.60$26.40
$25.00$22.00Jul 24$0.68$0.26$0.94$21.06$25.94
$26.50$23.50Jul 24$0.27$0.68$0.95$22.55$27.45

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 69 found (best R:R 7.33, avg credit $0.50)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
23/2426/27Aug 21$0.88$0.127.33$23.12$26.88
23/2425/26Aug 21$0.87$0.136.69$23.13$25.87
20/2122/23Aug 28$0.86$0.146.14$20.14$23.36
22/2224/24Jul 31$0.40$0.104.00$21.60$24.40
22/2224/24Aug 14$0.40$0.104.00$22.10$24.40
20/2023/24Aug 21$0.80$0.204.00$19.70$23.80
21/2225/26Aug 28$0.40$0.104.00$21.10$25.40
22/2224/24Jul 31$0.39$0.113.55$22.11$24.39
21/2224/24Aug 14$0.39$0.113.55$21.11$24.39
22/2324/24Jul 24$0.38$0.123.17$22.62$24.38

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 56 found (best R:R 13.29, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$24.00$25.00$26.00Aug 21$0.07$0.9313.29
$26.00$27.00$28.00Aug 21$0.08$0.9211.50
$24.50$25.00$25.50Jul 31$0.05$0.459.00
$28.00$28.50$29.00Jul 31$0.05$0.459.00
$24.50$25.00$25.50Jul 24$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$27.00$28.00$29.00Aug 21$0.08$0.9211.50
$27.50$28.00$28.50Jul 24$0.05$0.459.00
$23.00$24.00$25.00Aug 21$0.11$0.898.09
$21.50$22.00$22.50Jul 24$0.06$0.447.33
$23.50$24.00$24.50Jul 24$0.06$0.447.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 21 found (best net $-0.54, 20 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$28.00$28.501:2Jul 24-$0.06$0.44
$27.50$28.001:2Jul 24-$0.07$0.43
$27.00$27.501:2Jul 24-$0.11$0.39
$26.00$26.501:2Jul 24-$0.16$0.34
$26.50$27.001:2Jul 24-$0.19$0.31
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$25.00$21.501:2Aug 28-$0.54$2.96
$20.50$20.001:2Jul 24-$0.09$0.41
$21.50$21.001:2Jul 24-$0.15$0.35
$22.50$22.001:2Jul 24-$0.15$0.35
$22.00$21.501:2Jul 24-$0.16$0.34

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 54 found (best yield 12.58%, avg 6.54%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$25.00Aug 21$3.050.543.1%12.58%15.67%31012.5K
$25.00Aug 28$2.990.513.1%12.33%15.42%9194
$24.50Aug 14$2.900.551.0%11.96%12.99%327
$25.50Aug 28$2.880.495.2%11.88%17.03%--108
$25.00Aug 14$2.690.533.1%11.09%14.19%3285
$26.00Aug 21$2.690.497.2%11.09%18.31%4374.0K
$24.50Aug 7$2.610.541.0%10.76%11.79%36110
$25.50Aug 14$2.490.505.2%10.27%15.42%5080
$26.50Aug 28$2.420.459.3%9.98%19.26%--33
$25.00Aug 7$2.410.513.1%9.94%13.03%40778

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 34,275
Total Puts 56,317
Put/Call Ratio 1.64
Net Difference -22,042

Prior's Put/Call Breakdown

Total Calls 53,322
Total Puts 34,798
Put/Call Ratio 0.65
Net Difference 18,524

Prior 7-Day Put/Call Summary

Total Calls 400,670
Total Puts 194,715
Average Put/Call Ratio 0.47
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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