Tour v381
ELV
ELEVANCE HEALTH INC
$393.44 +2.93%
$390.05 (-0.86%)🌙
as of 07/21 06:28 PM
7/21 18:28

Option Volume

Detail
Current (07/21) 1,187
Calls: 753 (63%)
Puts: 434 (37%)
Prior (07/20) 3,106
Calls: 2,314 (75%)
Puts: 792 (25%)
Current vs Prior -61.78%
Calls: -67.46% (Calls)
Puts: -45.20% (Puts)
Prior 7-Day Total 29,146
Calls: 18,588 (64%)
Puts: 10,558 (36%)
Prior 7-Day Average 4,163
Calls: 2,655 (64%)
Puts: 1,508 (36%)
Current vs Prior 7-Day Avg -71.49%
Calls: -71.64%
Puts: -71.23%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/21) $2.16M
Calls: $1.44M (67%)
Puts: $720.4K (33%)
Prior (07/20) $3.42M
Calls: $2.23M (65%)
Puts: $1.19M (35%)
Current vs Prior -36.80%
Calls: -35.47%
Puts: -39.30%
Prior 7-Day Total $27.20M
Calls: $17.20M (63%)
Puts: $10.00M (37%)
Prior 7-Day Average $3.89M
Calls: $2.46M (63%)
Puts: $1.43M (37%)
Current vs Prior 7-Day Avg -44.38%
Calls: -41.36%
Puts: -49.59%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/21) 0.58
Prior (07/20) 0.34
Current vs Prior +68.40%
Prior 7-Day Average 0.59
Current vs Prior 7-Day Avg -2.49%
Sentiment BULLISH

Open Interest

Detail
Current (07/21) 10,330
Calls: 7,012 (68%)
Puts: 3,318 (32%)
Prior (07/20) 11,200
Calls: 7,269 (65%)
Puts: 3,931 (35%)
Current vs Prior -7.77%
Prior 7-Day Total 137,178
Calls: 82,869 (60%)
Puts: 54,309 (40%)
Prior 7-Day Average 19,596
Calls: 11,838 (60%)
Puts: 7,758 (40%)
Current vs Prior 7-Day Avg -47.29%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 8.82% | 11.68%
Prior 9.37% | 12.09%
Current vs Prior -5.83% | -3.37%
Prior 7-Day Avg 7.31% | 11.33%
Current vs 7-Day Avg +20.59% | +3.12%
Prior 7-Day Eod 9.37% | 12.09%
Current vs 7-Day Eod -5.83% | -3.37%
Sentiment BULLISH

Relative Spread

Detail
Expiry | Next
Current 27.18% | 11.92%
Calls: 29.66% | 6.62%
Puts: 24.69% | 17.21%
Prior 27.18% | 11.92%
Calls: 29.66% | 6.62%
Puts: 24.69% | 17.21%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 21.93% | 12.12%
Calls: 20.71% | 8.13%
Puts: 23.13% | 16.11%
Current vs 7-Day Avg +23.96% | -1.65%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 67% call dollar volume ($1.44M). Below-average activity with volume down 62% vs prior. Bullish P/C ratio of 0.58. P/C ratio rising 68% - increased hedging/bearish positioning.

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 3 of results (avg 8.6%, best 7.4%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Aug 2122.2023.90$23.057.4%250.67215
$370.00Aug 2129.5032.40$30.959.4%1060.76267
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$400.00Aug 2116.8018.40$17.609.1%50.55127

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. 7 found (avg delta 0.72, highest 0.88)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Aug 2144.5050.70$47.6013.0%10.88--
$360.00Aug 2136.0042.20$39.1015.9%170.8325
$370.00Aug 2129.5032.40$30.959.4%1060.76267
$380.00Aug 2122.2023.90$23.057.4%250.67215
$390.00Aug 2116.0018.20$17.1012.9%1140.56597
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$430.00Aug 2137.2042.00$39.6012.1%10.81--
$400.00Aug 2116.8018.40$17.609.1%50.55127

Most actively traded options today. High liquidity = easy entry/exit. 23 active (total vol 454, top 114)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$390.00Aug 2116.0018.20$17.1012.9%1140.56597
$370.00Aug 2129.5032.40$30.959.4%1060.76267
$460.00Aug 210.202.95$1.58174.1%330.08124
$380.00Aug 2122.2023.90$23.057.4%250.67215
$400.00Aug 2111.0013.80$12.4022.6%200.45313
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$360.00Aug 213.104.10$3.6027.8%220.17403
$380.00Aug 217.809.10$8.4515.4%150.34169
$370.00Aug 215.106.20$5.6519.5%130.24245
$340.00Aug 211.202.15$1.6756.9%120.0885
$350.00Aug 211.953.00$2.4842.3%80.12265

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

No setups found for this strategy

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 15 found (best R:R 39.00, avg 9.29)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$460.00$470.00Aug 21$0.25$9.75$0.2539.00$460.25
$450.00$460.00Aug 21$0.34$9.66$0.3428.41$450.34
$440.00$450.00Aug 21$0.36$9.64$0.3626.78$440.36
$430.00$440.00Aug 21$1.22$8.78$1.227.20$431.22
$420.00$430.00Aug 21$2.00$8.00$2.004.00$422.00
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$350.00$340.00Aug 21$0.81$9.19$0.8111.35$349.19
$360.00$350.00Aug 21$1.12$8.88$1.127.93$358.88
$370.00$360.00Aug 21$2.05$7.95$2.053.88$367.95
$380.00$370.00Aug 21$2.80$7.20$2.802.57$377.20
$390.00$380.00Aug 21$3.95$6.05$3.951.53$386.05

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 19 found (best R:R 5.67, avg 1.22)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$350.00$360.00Aug 21$8.50$8.50$1.505.67$358.50
$360.00$370.00Aug 21$8.15$8.15$1.854.41$368.15
$370.00$380.00Aug 21$7.90$7.90$2.103.76$377.90
$380.00$390.00Aug 21$5.95$5.95$4.051.47$385.95
$390.00$400.00Aug 21$4.70$4.70$5.300.89$394.70
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$430.00$400.00Aug 21$22.00$22.00$8.002.75$408.00
$400.00$390.00Aug 21$5.20$5.20$4.801.08$394.80
$390.00$380.00Aug 21$3.95$3.95$6.050.65$386.05
$380.00$370.00Aug 21$2.80$2.80$7.200.39$377.20
$370.00$360.00Aug 21$2.05$2.05$7.950.26$367.95

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 7 found (cheapest 7.50% of stock, avg 9.57%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$390.00Aug 21$17.10$12.40$29.50$360.50$419.507.50%
$400.00Aug 21$12.40$17.60$30.00$370.00$430.007.63%
$380.00Aug 21$23.05$8.45$31.50$348.50$411.508.01%
$370.00Aug 21$30.95$5.65$36.60$333.40$406.609.30%
$360.00Aug 21$39.10$3.60$42.70$317.30$402.7010.85%
$430.00Aug 21$3.50$39.60$43.10$386.90$473.1010.95%
$350.00Aug 21$47.60$2.48$50.08$299.92$400.0812.73%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 25 found (cheapest 1.21% of stock, avg 3.28%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$440.00$350.00Aug 21$2.28$2.48$4.76$345.24$444.76
$440.00$360.00Aug 21$2.28$3.60$5.88$354.12$445.88
$430.00$350.00Aug 21$3.50$2.48$5.98$344.02$435.98
$430.00$360.00Aug 21$3.50$3.60$7.10$352.90$437.10
$440.00$370.00Aug 21$2.28$5.65$7.93$362.07$447.93
$420.00$350.00Aug 21$5.50$2.48$7.98$342.02$427.98
$420.00$360.00Aug 21$5.50$3.60$9.10$350.90$429.10
$430.00$370.00Aug 21$3.50$5.65$9.15$360.85$439.15
$440.00$380.00Aug 21$2.28$8.45$10.73$369.27$450.73
$410.00$350.00Aug 21$8.35$2.48$10.83$339.17$420.83

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 40 found (best R:R 9.20, avg credit $5.74)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
350/360370/380Aug 21$9.02$0.989.20$350.98$379.02
340/350360/370Aug 21$8.96$1.048.62$341.04$368.96
340/350370/380Aug 21$8.71$1.296.75$341.29$378.71
390/400410/420Aug 21$8.05$1.954.13$391.95$418.05
360/370380/390Aug 21$8.00$2.004.00$362.00$388.00
380/390400/410Aug 21$8.00$2.004.00$382.00$408.00
370/380390/400Aug 21$7.50$2.503.00$372.50$397.50
400/430440/450Aug 21$22.36$7.642.93$407.64$462.36
390/400420/430Aug 21$7.20$2.802.57$392.80$427.20
350/360380/390Aug 21$7.07$2.932.41$352.93$387.07

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 17 found (best R:R 110.11, cheapest $0.09)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$450.00$460.00$470.00Aug 21$0.09$9.91110.11
$360.00$370.00$380.00Aug 21$0.25$9.7539.00
$350.00$360.00$370.00Aug 21$0.35$9.6527.57
$390.00$400.00$410.00Aug 21$0.65$9.3514.38
$420.00$430.00$440.00Aug 21$0.78$9.2211.82
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$320.00$330.00$340.00Aug 21$0.18$9.8254.56
$340.00$350.00$360.00Aug 21$0.31$9.6931.26
$330.00$340.00$350.00Aug 21$0.72$9.2812.89
$360.00$370.00$380.00Aug 21$0.75$9.2512.33
$350.00$360.00$370.00Aug 21$0.93$9.079.75

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 17 found (best net $-0.86, 16 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$430.00$440.001:2Aug 21-$1.06$8.94
$460.00$470.001:2Aug 21-$1.08$8.92
$450.00$460.001:2Aug 21-$1.24$8.76
$420.00$430.001:2Aug 21-$1.50$8.50
$440.00$450.001:2Aug 21-$1.56$8.44
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$350.00$340.001:2Aug 21-$0.86$9.14
$360.00$350.001:2Aug 21-$1.36$8.64
$340.00$330.001:2Aug 21-$1.49$8.51
$370.00$360.001:2Aug 21-$1.55$8.45
$330.00$320.001:2Aug 21-$1.76$8.24

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 2.80%, avg 0.93%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$400.00Aug 21$11.000.451.7%2.80%4.46%20313
$410.00Aug 21$7.300.354.2%1.86%6.06%18--
$420.00Aug 21$4.600.266.8%1.17%7.92%11217
$430.00Aug 21$3.000.189.3%0.76%10.05%11722
$440.00Aug 21$1.750.1311.8%0.44%12.28%2--
$450.00Aug 21$1.050.1014.4%0.27%14.64%4450
$470.00Aug 21$0.500.0719.5%0.13%19.59%237
$460.00Aug 21$0.200.0816.9%0.05%16.97%33124

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 753
Total Puts 434
Put/Call Ratio 0.58
Net Difference 319

Prior's Put/Call Breakdown

Total Calls 2,314
Total Puts 792
Put/Call Ratio 0.34
Net Difference 1,522

Prior 7-Day Put/Call Summary

Total Calls 18,588
Total Puts 10,558
Average Put/Call Ratio 0.59
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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