Tour v388
ELV
ELEVANCE HEALTH INC
$389.09 -1.11%
$390.88 (+0.46%)🌙
as of 07/22 07:14 PM
7/22 19:14

Option Volume

Detail
Current (07/22) 477
Calls: 262 (55%)
Puts: 215 (45%)
Prior (07/21) 1,187
Calls: 753 (63%)
Puts: 434 (37%)
Current vs Prior -59.81%
Calls: -65.21% (Calls)
Puts: -50.46% (Puts)
Prior 7-Day Total 27,783
Calls: 17,162 (62%)
Puts: 10,621 (38%)
Prior 7-Day Average 3,969
Calls: 2,451 (62%)
Puts: 1,517 (38%)
Current vs Prior 7-Day Avg -87.98%
Calls: -89.31%
Puts: -85.83%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/22) $388.8K
Calls: $285.0K (73%)
Puts: $103.9K (27%)
Prior (07/21) $2.16M
Calls: $1.44M (67%)
Puts: $720.4K (33%)
Current vs Prior -82.01%
Calls: -80.22%
Puts: -85.58%
Prior 7-Day Total $27.75M
Calls: $17.14M (62%)
Puts: $10.61M (38%)
Prior 7-Day Average $3.96M
Calls: $2.45M (62%)
Puts: $1.52M (38%)
Current vs Prior 7-Day Avg -90.19%
Calls: -88.36%
Puts: -93.15%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/22) 0.82
Prior (07/21) 0.58
Current vs Prior +42.38%
Prior 7-Day Average 0.65
Current vs Prior 7-Day Avg +26.42%
Sentiment NEUTRAL

Open Interest

Detail
Current (07/22) 6,634
Calls: 3,705 (56%)
Puts: 2,929 (44%)
Prior (07/21) 10,330
Calls: 7,012 (68%)
Puts: 3,318 (32%)
Current vs Prior -35.78%
Prior 7-Day Total 141,432
Calls: 86,575 (61%)
Puts: 54,857 (39%)
Prior 7-Day Average 20,204
Calls: 12,367 (61%)
Puts: 7,836 (39%)
Current vs Prior 7-Day Avg -67.17%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 8.79% | 11.80%
Prior 8.82% | 11.68%
Current vs Prior -0.34% | +1.01%
Prior 7-Day Avg 7.43% | 11.31%
Current vs 7-Day Avg +18.31% | +4.33%
Prior 7-Day Eod 8.82% | 11.68%
Current vs 7-Day Eod -0.34% | +1.01%
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 23.43% | 12.27%
Calls: 23.57% | 7.80%
Puts: 23.28% | 16.73%
Current vs 7-Day Avg +16.01% | -2.83%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 73% call dollar volume ($285.0K). Light premium activity with dollar volume down 82% vs prior. Below-average activity with volume down 60% vs prior. P/C ratio rising 42% - 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 NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 4 of results (avg 8.0%, best 6.4%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Aug 2119.8021.10$20.456.4%40.63216
$370.00Aug 2126.0028.20$27.108.1%20.72192
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$400.00Aug 2118.9020.60$19.758.6%10.59--
$410.00Aug 2125.6028.00$26.809.0%10.70--

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. 5 found (avg delta 0.63, highest 0.72)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$370.00Aug 2126.0028.20$27.108.1%20.72192
$380.00Aug 2119.8021.10$20.456.4%40.63216
$390.00Aug 2114.0015.80$14.9012.1%20.52--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$410.00Aug 2125.6028.00$26.809.0%10.70--
$400.00Aug 2118.9020.60$19.758.6%10.59--

Most actively traded options today. High liquidity = easy entry/exit. 19 active (total vol 150, top 93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Aug 210.250.55$0.4075.0%930.0339
$400.00Aug 219.6011.00$10.3013.6%60.41314
$420.00Aug 213.904.90$4.4022.7%50.22227
$380.00Aug 2119.8021.10$20.456.4%40.63216
$410.00Aug 216.207.40$6.8017.6%30.31149
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$370.00Aug 216.107.50$6.8020.6%70.28240
$380.00Aug 219.4010.70$10.0512.9%70.38157
$350.00Aug 212.053.60$2.8354.8%50.13--
$360.00Aug 213.804.70$4.2521.2%50.19--
$390.00Aug 2112.4015.10$13.7519.6%20.48161

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. 16 found (best R:R 65.67, avg 10.63)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$470.00$480.00Aug 21$0.15$9.85$0.1565.67$470.15
$450.00$470.00Aug 21$0.73$19.27$0.7326.40$450.73
$440.00$450.00Aug 21$0.97$9.03$0.979.31$440.97
$420.00$440.00Aug 21$2.30$17.70$2.307.70$422.30
$410.00$420.00Aug 21$2.40$7.60$2.403.17$412.40
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$340.00$330.00Aug 21$0.28$9.72$0.2834.71$339.72
$360.00$350.00Aug 21$1.42$8.58$1.426.04$358.58
$350.00$340.00Aug 21$1.55$8.45$1.555.45$348.45
$370.00$360.00Aug 21$2.55$7.45$2.552.92$367.45
$380.00$370.00Aug 21$3.25$6.75$3.252.08$376.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 17 found (best R:R 2.39, avg 0.64)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$370.00$380.00Aug 21$6.65$6.65$3.351.99$376.65
$380.00$390.00Aug 21$5.55$5.55$4.451.25$385.55
$390.00$400.00Aug 21$4.60$4.60$5.400.85$394.60
$400.00$410.00Aug 21$3.50$3.50$6.500.54$403.50
$410.00$420.00Aug 21$2.40$2.40$7.600.32$412.40
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$410.00$400.00Aug 21$7.05$7.05$2.952.39$402.95
$400.00$390.00Aug 21$6.00$6.00$4.001.50$394.00
$390.00$380.00Aug 21$3.70$3.70$6.300.59$386.30
$380.00$370.00Aug 21$3.25$3.25$6.750.48$376.75
$370.00$360.00Aug 21$2.55$2.55$7.450.34$367.45

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. 5 found (cheapest 7.36% of stock, avg 8.05%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$390.00Aug 21$14.90$13.75$28.65$361.35$418.657.36%
$400.00Aug 21$10.30$19.75$30.05$369.95$430.057.72%
$380.00Aug 21$20.45$10.05$30.50$349.50$410.507.84%
$410.00Aug 21$6.80$26.80$33.60$376.40$443.608.64%
$370.00Aug 21$27.10$6.80$33.90$336.10$403.908.71%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 25 found (cheapest 1.02% of stock, avg 3.21%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$450.00$350.00Aug 21$1.13$2.83$3.96$346.04$453.96
$440.00$350.00Aug 21$2.10$2.83$4.93$345.07$444.93
$450.00$360.00Aug 21$1.13$4.25$5.38$354.62$455.38
$440.00$360.00Aug 21$2.10$4.25$6.35$353.65$446.35
$420.00$350.00Aug 21$4.40$2.83$7.23$342.77$427.23
$450.00$370.00Aug 21$1.13$6.80$7.93$362.07$457.93
$420.00$360.00Aug 21$4.40$4.25$8.65$351.35$428.65
$440.00$370.00Aug 21$2.10$6.80$8.90$361.10$448.90
$410.00$350.00Aug 21$6.80$2.83$9.63$340.37$419.63
$410.00$360.00Aug 21$6.80$4.25$11.05$348.95$421.05

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 57 found (best R:R 5.25, avg credit $5.07)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
390/400410/420Aug 21$8.40$1.605.25$391.60$418.40
340/350370/380Aug 21$8.20$1.804.56$341.80$378.20
360/370380/390Aug 21$8.10$1.904.26$361.90$388.10
350/360370/380Aug 21$8.07$1.934.18$351.93$378.07
400/410440/450Aug 21$8.02$1.984.05$401.98$448.02
370/380390/400Aug 21$7.85$2.153.65$372.15$397.85
380/390400/410Aug 21$7.20$2.802.57$382.80$407.20
400/410470/480Aug 21$7.20$2.802.57$402.80$477.20
360/370390/400Aug 21$7.15$2.852.51$362.85$397.15
340/350380/390Aug 21$7.10$2.902.45$342.90$387.10

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 10 found (best R:R 21.22, cheapest $0.45)

CALLS (4)
LowMidHighExpiryDebitMax GainR:R
$380.00$390.00$400.00Aug 21$0.95$9.059.53
$370.00$380.00$390.00Aug 21$1.10$8.908.09
$390.00$400.00$410.00Aug 21$1.10$8.908.09
$400.00$410.00$420.00Aug 21$1.10$8.908.09
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$370.00$380.00$390.00Aug 21$0.45$9.5521.22
$360.00$370.00$380.00Aug 21$0.70$9.3013.29
$390.00$400.00$410.00Aug 21$1.05$8.958.52
$350.00$360.00$370.00Aug 21$1.13$8.877.85
$330.00$340.00$350.00Aug 21$1.27$8.736.87

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 15 found (best net $-0.10, 12 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$470.00$480.001:2Aug 21-$0.10$9.90
$440.00$450.001:2Aug 21-$0.16$9.84
$410.00$420.001:2Aug 21-$2.00$8.00
$400.00$410.001:2Aug 21-$3.30$6.70
$390.00$400.001:2Aug 21-$5.70$4.30
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$340.00$330.001:2Aug 21-$0.72$9.28
$360.00$350.001:2Aug 21-$1.41$8.59
$370.00$360.001:2Aug 21-$1.70$8.30
$380.00$370.001:2Aug 21-$3.55$6.45
$390.00$380.001:2Aug 21-$6.35$3.65

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 6 found (best yield 3.60%, avg 1.53%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$390.00Aug 21$14.000.520.2%3.60%3.83%2--
$400.00Aug 21$9.600.412.8%2.47%5.27%6314
$410.00Aug 21$6.200.315.4%1.59%6.97%3149
$420.00Aug 21$3.900.227.9%1.00%8.95%5227
$440.00Aug 21$1.200.1213.1%0.31%13.39%276
$450.00Aug 21$0.750.0715.7%0.19%15.85%2454

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 262
Total Puts 215
Put/Call Ratio 0.82
Net Difference 47

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 17,162
Total Puts 10,621
Average Put/Call Ratio 0.65
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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