Tour v381
CVS
CVS HEALTH CORP
$110.60 +2.78%
$110.41 (-0.17%)🌙
as of 07/21 06:24 PM
7/21 18:24

Option Volume

Detail
Current (07/21) 59,300
Calls: 53,614 (90%)
Puts: 5,686 (10%)
Prior (07/20) 12,899
Calls: 9,821 (76%)
Puts: 3,078 (24%)
Current vs Prior +359.73%
Calls: +445.91% (Calls)
Puts: +84.73% (Puts)
Prior 7-Day Total 113,182
Calls: 72,351 (64%)
Puts: 40,831 (36%)
Prior 7-Day Average 16,168
Calls: 10,335 (64%)
Puts: 5,833 (36%)
Current vs Prior 7-Day Avg +266.75%
Calls: +418.72%
Puts: -2.52%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/21) $9.75M
Calls: $8.76M (90%)
Puts: $993.1K (10%)
Prior (07/20) $6.56M
Calls: $5.69M (87%)
Puts: $875.4K (13%)
Current vs Prior +48.59%
Calls: +54.00%
Puts: +13.45%
Prior 7-Day Total $51.29M
Calls: $40.14M (78%)
Puts: $11.15M (22%)
Prior 7-Day Average $7.33M
Calls: $5.73M (78%)
Puts: $1.59M (22%)
Current vs Prior 7-Day Avg +33.12%
Calls: +52.78%
Puts: -37.64%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/21) 0.11
Prior (07/20) 0.31
Current vs Prior -66.16%
Prior 7-Day Average 0.59
Current vs Prior 7-Day Avg -81.98%
Sentiment BULLISH

Open Interest

Detail
Current (07/21) 153,818
Calls: 111,270 (72%)
Puts: 42,548 (28%)
Prior (07/20) 118,634
Calls: 90,406 (76%)
Puts: 28,228 (24%)
Current vs Prior +29.66%
Prior 7-Day Total 1,002,493
Calls: 718,079 (72%)
Puts: 284,414 (28%)
Prior 7-Day Average 143,213
Calls: 102,582 (72%)
Puts: 40,630 (28%)
Current vs Prior 7-Day Avg +7.40%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.03% | 4.83%9.70% | 13.36%
Prior 3.37% | 5.11%9.57% | 13.58%
Current vs Prior -10.21% | -5.53%+1.36% | -1.57%
Prior 7-Day Avg 3.58% | 5.04%4.11% | 12.29%
Current vs 7-Day Avg -15.43% | -4.11%+136.15% | +8.74%
Prior 7-Day Eod 3.37% | 5.11%9.57% | 13.58%
Current vs 7-Day Eod -10.21% | -5.53%+1.36% | -1.57%
Sentiment BULLISHBEARISH

Relative Spread

Detail
Expiry | Next
Current 35.23% | 7.90%
Calls: 17.14% | 7.33%
Puts: 53.33% | 8.47%
Prior 35.23% | 7.90%
Calls: 17.14% | 7.33%
Puts: 53.33% | 8.47%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 35.23% | 7.90%
Calls: 17.14% | 7.33%
Puts: 53.33% | 8.47%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 90% of dollar volume in calls ($8.76M) vs puts ($993.1K). Unusually high activity with volume up 360% vs prior - elevated interest. Volume explosion - 267% above 7-day average (59,300 vs avg 16,168). Extreme bullish P/C ratio of 0.11 - heavy call buying (53,614 calls vs 5,686 puts).

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
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 27 of results (avg 7.7%, best 3.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$110.00Aug 214.955.10$5.033.0%7390.5111.2K
$112.00Jul 240.500.52$0.513.9%43.3K0.271.3K
$95.00Aug 2115.4016.10$15.754.4%800.971.5K
$109.00Aug 215.405.70$5.555.4%150.541
$100.00Aug 2111.3012.00$11.656.0%510.854.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Aug 211.331.43$1.387.2%560.191.7K
$109.00Aug 214.154.50$4.338.1%20.46--
$102.00Aug 211.751.90$1.838.2%20.24--
$113.00Jul 314.054.40$4.228.3%40.68--
$105.00Aug 212.612.84$2.728.5%570.33613

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.61, cheapest $0.19)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$114.00Jul 240.170.20$0.1915.8%870.1243
$130.00Aug 210.400.48$0.4418.2%150.08177
$112.00Jul 240.500.52$0.513.9%43.3K0.271.3K
$111.00Jul 240.800.88$0.849.5%1.2K0.39363
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Jul 310.660.80$0.7319.2%90.20170
$97.50Aug 210.871.05$0.9618.8%140.141.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 72 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$94.00Jul 2415.1517.25$16.2013.0%161.0045
$95.00Jul 2414.2015.95$15.0811.6%181.0011
$96.00Jul 2412.8515.95$14.4021.5%21.00--
$98.00Jul 2410.9012.75$11.8315.6%21.00--
$99.00Jul 249.9512.20$11.0820.3%1061.0059
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Jul 249.6011.90$10.7521.4%20.98--
$121.00Jul 2410.6012.90$11.7519.6%20.81--
$114.00Jul 314.705.15$4.939.1%10.741
$112.00Jul 242.422.73$2.5812.0%60.732
$113.00Jul 314.054.40$4.228.3%40.68--

Most actively traded options today. High liquidity = easy entry/exit. 202 active (total vol 55.1K, top 43.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$112.00Jul 240.500.52$0.513.9%43.3K0.271.3K
$111.00Jul 240.800.88$0.849.5%1.2K0.39363
$110.00Jul 241.271.58$1.4321.7%1.1K0.531.1K
$111.00Jul 311.792.00$1.9011.1%9660.442.7K
$110.00Aug 214.955.10$5.033.0%7390.5111.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$106.00Jul 240.170.30$0.2454.2%8620.13185
$95.00Aug 210.410.73$0.5756.1%6770.091.5K
$105.00Jul 240.110.24$0.1872.2%4630.101.3K
$92.50Aug 210.360.55$0.4641.3%4020.072.1K
$110.00Jul 241.231.46$1.3517.0%1420.5088

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 31 strikes (avg 53.4%, max 352.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$90.00Jul 24Aug 21193.9%42.8%352.8%171.3K
$91.00Jul 24Aug 7186.1%53.4%248.7%92
$95.00Jul 24Aug 2194.6%38.6%145.2%981.5K
$98.00Jul 24Aug 2878.8%38.0%107.3%3--
$97.00Jul 24Aug 1496.6%46.6%107.1%41
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$95.00Jul 24Aug 2894.6%37.7%151.0%4967
$94.00Aug 7Aug 2860.9%39.3%55.1%229
$93.00Aug 7Aug 2853.0%39.5%34.0%313
$96.00Jul 31Aug 2148.2%37.2%29.5%8316
$92.00Jul 31Aug 2850.6%39.3%28.6%31

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 117 found (best R:R 15.67, avg 2.94)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$125.00$130.00Aug 21$0.34$4.66$0.3413.71$125.34
$120.00$125.00Aug 7$0.38$4.62$0.3812.16$120.38
$115.00$116.00Jul 31$0.10$0.90$0.109.00$115.10
$122.00$125.00Aug 21$0.41$2.59$0.416.32$122.41
$117.00$118.00Aug 7$0.15$0.85$0.155.67$117.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$92.50$90.00Aug 21$0.15$2.35$0.1515.67$92.35
$95.00$92.00Aug 14$0.25$2.75$0.2511.00$94.75
$96.00$95.00Jul 31$0.11$0.89$0.118.09$95.89
$99.00$98.00Jul 31$0.11$0.89$0.118.09$98.89
$97.00$95.00Aug 7$0.22$1.78$0.228.09$96.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 132 found (best R:R 10.11, avg 1.06)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$95.00$100.00Aug 7$4.55$4.55$0.4510.11$99.55
$91.00$95.00Aug 7$3.52$3.52$0.487.33$94.52
$89.00$90.00Jul 24$0.86$0.86$0.146.14$89.86
$106.00$107.00Jul 31$0.85$0.85$0.155.67$106.85
$107.00$108.00Jul 24$0.82$0.82$0.184.56$107.82
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$114.00$113.00Jul 31$0.71$0.71$0.292.45$113.29
$112.00$111.00Jul 24$0.66$0.66$0.341.94$111.34
$113.00$111.00Jul 31$1.30$1.30$0.701.86$111.70
$107.00$106.00Aug 21$0.60$0.60$0.401.50$106.40
$111.00$110.00Jul 24$0.57$0.57$0.431.33$110.43

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 39 found (avg debit $0.81, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$95.00Jul 24Aug 7$0.0594.6%53.8%
$125.00Aug 7Aug 21$0.0850.3%38.9%
$105.00Jul 24Jul 31$0.1039.4%34.4%
$116.00Jul 24Jul 31$0.5333.1%34.4%
$106.00Jul 24Jul 31$0.5536.3%34.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$92.00Jul 31Aug 7$0.2350.6%51.8%
$93.00Aug 7Aug 28$0.2453.0%39.5%
$101.00Jul 24Jul 31$0.2747.7%39.3%
$103.00Jul 24Jul 31$0.3846.6%37.4%
$104.00Jul 24Jul 31$0.4341.5%34.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 50 found (cheapest 2.50% of stock, avg 8.11%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$111.00Jul 24$0.84$1.92$2.76$108.24$113.762.50%
$110.00Jul 24$1.43$1.35$2.78$107.22$112.782.51%
$109.00Jul 24$2.00$0.93$2.93$106.07$111.932.65%
$112.00Jul 24$0.51$2.58$3.09$108.91$115.092.79%
$108.00Jul 24$2.58$0.61$3.19$104.81$111.192.88%
$107.00Jul 24$3.40$0.37$3.77$103.23$110.773.41%
$106.00Jul 24$4.50$0.24$4.74$101.26$110.744.29%
$110.00Jul 31$2.42$2.38$4.80$105.20$114.804.34%
$111.00Jul 31$1.90$2.92$4.82$106.18$115.824.36%
$109.00Jul 31$3.01$1.91$4.92$104.08$113.924.45%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 140 found (cheapest 0.27% of stock, avg 4.19%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$115.00$105.00Jul 24$0.12$0.18$0.30$104.70$115.30
$114.00$105.00Jul 24$0.19$0.18$0.37$104.63$114.37
$115.00$106.00Jul 24$0.12$0.24$0.36$105.64$115.36
$114.00$106.00Jul 24$0.19$0.24$0.43$105.57$114.43
$113.00$105.00Jul 24$0.28$0.18$0.46$104.54$113.46
$115.00$107.00Jul 24$0.12$0.37$0.49$106.51$115.49
$113.00$106.00Jul 24$0.28$0.24$0.52$105.48$113.52
$114.00$107.00Jul 24$0.19$0.37$0.56$106.44$114.56
$113.00$107.00Jul 24$0.28$0.37$0.65$106.35$113.65
$112.00$105.00Jul 24$0.51$0.18$0.69$104.31$112.69

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 215 found (best R:R 12.33, avg credit $1.24)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
93/94105/107Aug 7$1.85$0.1512.33$92.15$106.85
99/100108/109Aug 7$0.90$0.109.00$99.10$108.90
99/100110/111Aug 21$0.90$0.109.00$99.10$110.90
101/102107/108Jul 31$0.89$0.118.09$101.11$107.89
96/97110/111Aug 21$0.89$0.118.09$96.11$110.89
101/102104/105Jul 31$0.87$0.136.69$101.13$104.87
108/109110/111Jul 31$0.87$0.136.69$108.13$110.87
96/97108/109Aug 14$0.87$0.136.69$96.13$108.87
106/107109/110Jul 31$0.86$0.146.14$106.14$109.86
101/102108/109Aug 21$0.86$0.146.14$101.14$108.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 62 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$113.00$114.00$115.00Jul 31$0.05$0.9519.00
$113.00$114.00$115.00Aug 7$0.06$0.9415.67
$116.00$117.00$118.00Aug 7$0.06$0.9415.67
$116.00$118.00$120.00Aug 28$0.13$1.8714.38
$109.00$110.00$111.00Jul 31$0.07$0.9313.29
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$106.00$107.00$108.00Jul 31$0.05$0.9519.00
$103.00$104.00$105.00Jul 24$0.06$0.9415.67
$96.00$97.00$98.00Jul 31$0.06$0.9415.67
$104.00$105.00$106.00Jul 31$0.06$0.9415.67
$105.00$106.00$107.00Jul 24$0.07$0.9313.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 80 found (best net $-1.65, 75 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$97.00$105.001:2Aug 14-$1.65$6.35
$115.00$120.001:2Aug 14-$0.09$4.91
$125.00$130.001:2Aug 21-$0.10$4.90
$120.00$125.001:2Aug 7-$0.32$4.68
$111.00$116.001:2Aug 28-$1.02$3.98
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$101.00$95.001:2Jul 24-$0.26$5.74
$108.00$103.001:2Aug 14-$0.01$4.99
$102.00$97.001:2Aug 14-$0.35$4.65
$95.00$92.001:2Aug 14-$0.03$2.97
$95.00$92.001:2Jul 31-$0.06$2.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 44 found (best yield 3.84%, avg 1.48%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$111.00Aug 28$4.250.480.4%3.84%4.20%1--
$111.00Aug 21$4.200.480.4%3.80%4.16%20--
$111.00Aug 7$3.650.480.4%3.30%3.66%15--
$112.00Aug 21$3.650.451.3%3.30%4.57%733
$111.00Aug 14$3.600.480.4%3.25%3.62%2--
$112.00Aug 7$3.000.441.3%2.71%3.98%539
$113.00Aug 21$2.990.412.2%2.70%4.87%64
$114.00Aug 21$2.880.383.1%2.60%5.68%31
$115.00Aug 21$2.780.364.0%2.51%6.49%711.5K
$113.00Aug 7$2.610.402.2%2.36%4.53%435

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 53,614
Total Puts 5,686
Put/Call Ratio 0.11
Net Difference 47,928

Prior's Put/Call Breakdown

Total Calls 9,821
Total Puts 3,078
Put/Call Ratio 0.31
Net Difference 6,743

Prior 7-Day Put/Call Summary

Total Calls 72,351
Total Puts 40,831
Average Put/Call Ratio 0.59
Ratio Trend Falling

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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