Tour v394
ELV
ELEVANCE HEALTH INC
$379.31 -2.51%
$379.00 (-0.08%)🌙
as of 07/23 06:29 PM
7/23 18:29

Option Volume

Detail
Current (07/23) 914
Calls: 565 (62%)
Puts: 349 (38%)
Prior (07/22) 477
Calls: 262 (55%)
Puts: 215 (45%)
Current vs Prior +91.61%
Calls: +115.65% (Calls)
Puts: +62.33% (Puts)
Prior 7-Day Total 26,489
Calls: 16,522 (62%)
Puts: 9,967 (38%)
Prior 7-Day Average 3,784
Calls: 2,360 (62%)
Puts: 1,423 (38%)
Current vs Prior 7-Day Avg -75.85%
Calls: -76.06%
Puts: -75.49%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/23) $1.38M
Calls: $770.4K (56%)
Puts: $607.3K (44%)
Prior (07/22) $388.8K
Calls: $285.0K (73%)
Puts: $103.9K (27%)
Current vs Prior +254.31%
Calls: +170.33%
Puts: +484.72%
Prior 7-Day Total $26.06M
Calls: $16.15M (62%)
Puts: $9.91M (38%)
Prior 7-Day Average $3.72M
Calls: $2.31M (62%)
Puts: $1.42M (38%)
Current vs Prior 7-Day Avg -62.99%
Calls: -66.61%
Puts: -57.10%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/23) 0.62
Prior (07/22) 0.82
Current vs Prior -24.73%
Prior 7-Day Average 0.63
Current vs Prior 7-Day Avg -1.75%
Sentiment BULLISH

Open Interest

Detail
Current (07/23) 6,593
Calls: 3,895 (59%)
Puts: 2,698 (41%)
Prior (07/22) 6,634
Calls: 3,705 (56%)
Puts: 2,929 (44%)
Current vs Prior -0.62%
Prior 7-Day Total 134,865
Calls: 80,961 (60%)
Puts: 53,904 (40%)
Prior 7-Day Average 19,266
Calls: 11,565 (60%)
Puts: 7,700 (40%)
Current vs Prior 7-Day Avg -65.78%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 9.10% | 11.63%
Prior 8.79% | 11.80%
Current vs Prior +3.48% | -1.44%
Prior 7-Day Avg 7.51% | 11.34%
Current vs 7-Day Avg +21.05% | +2.52%
Prior 7-Day Eod 8.79% | 11.80%
Current vs 7-Day Eod +3.48% | -1.44%
Sentiment BEARISH

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 24.93% | 12.41%
Calls: 26.43% | 7.47%
Puts: 23.43% | 17.35%
Current vs 7-Day Avg +9.01% | -3.98%
Liquidity Expensive
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🤖 AI Insights

Massive premium surge with dollar volume up 254% vs prior. Above-average activity with volume up 92% vs prior. Bullish P/C ratio of 0.62. P/C ratio dropping 25% - sentiment shifting bullish.

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 NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
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 -- of results (avg --%, best --%)

No options available for this category

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. 3 found (avg delta 0.66, highest 0.85)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$370.00Aug 2118.7021.90$20.3015.8%10.62--
$380.00Aug 2112.8015.60$14.2019.7%120.51213
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$420.00Aug 2140.8046.80$43.8013.7%10.85--

Most actively traded options today. High liquidity = easy entry/exit. 16 active (total vol 260, top 113)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$420.00Aug 211.853.50$2.6861.6%1130.15232
$470.00Aug 210.150.35$0.2580.0%220.02102
$410.00Aug 213.504.70$4.1029.3%190.21151
$380.00Aug 2112.8015.60$14.2019.7%120.51213
$400.00Aug 215.607.10$6.3523.6%40.30316
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$370.00Aug 218.5010.20$9.3518.2%650.38242
$360.00Aug 215.806.80$6.3015.9%90.28407
$350.00Aug 213.604.60$4.1024.4%40.19--
$340.00Aug 211.803.30$2.5558.8%20.1383
$380.00Aug 2112.7015.70$14.2021.1%20.49158

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. 12 found (best R:R 49.00, avg 10.62)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$450.00$470.00Aug 21$0.40$19.60$0.4049.00$450.40
$440.00$450.00Aug 21$0.23$9.77$0.2342.48$440.23
$420.00$440.00Aug 21$1.80$18.20$1.8010.11$421.80
$410.00$420.00Aug 21$1.42$8.58$1.426.04$411.42
$400.00$410.00Aug 21$2.25$7.75$2.253.44$402.25
BEAR PUT (4)
BuySellExpiryDebitMax GainMax LossR:RBE
$350.00$340.00Aug 21$1.55$8.45$1.555.45$348.45
$360.00$350.00Aug 21$2.20$7.80$2.203.55$357.80
$370.00$360.00Aug 21$3.05$6.95$3.052.28$366.95
$380.00$370.00Aug 21$4.85$5.15$4.851.06$375.15

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 13 found (best R:R 2.85, avg 0.63)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$370.00$380.00Aug 21$6.10$6.10$3.901.56$376.10
$380.00$390.00Aug 21$4.75$4.75$5.250.90$384.75
$390.00$400.00Aug 21$3.10$3.10$6.900.45$393.10
$400.00$410.00Aug 21$2.25$2.25$7.750.29$402.25
$410.00$420.00Aug 21$1.42$1.42$8.580.17$411.42
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$420.00$380.00Aug 21$29.60$29.60$10.402.85$390.40
$380.00$370.00Aug 21$4.85$4.85$5.150.94$375.15
$370.00$360.00Aug 21$3.05$3.05$6.950.44$366.95
$360.00$350.00Aug 21$2.20$2.20$7.800.28$357.80
$350.00$340.00Aug 21$1.55$1.55$8.450.18$348.45

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. 3 found (cheapest 7.49% of stock, avg 9.19%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$380.00Aug 21$14.20$14.20$28.40$351.60$408.407.49%
$370.00Aug 21$20.30$9.35$29.65$340.35$399.657.82%
$420.00Aug 21$2.68$43.80$46.48$373.52$466.4812.25%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 25 found (cheapest 0.90% of stock, avg 3.16%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$440.00$340.00Aug 21$0.88$2.55$3.43$336.57$443.43
$440.00$350.00Aug 21$0.88$4.10$4.98$345.02$444.98
$420.00$340.00Aug 21$2.68$2.55$5.23$334.77$425.23
$410.00$340.00Aug 21$4.10$2.55$6.65$333.35$416.65
$420.00$350.00Aug 21$2.68$4.10$6.78$343.22$426.78
$440.00$360.00Aug 21$0.88$6.30$7.18$352.82$447.18
$410.00$350.00Aug 21$4.10$4.10$8.20$341.80$418.20
$400.00$340.00Aug 21$6.35$2.55$8.90$331.10$408.90
$420.00$360.00Aug 21$2.68$6.30$8.98$351.02$428.98
$440.00$370.00Aug 21$0.88$9.35$10.23$359.77$450.23

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 31 found (best R:R 4.88, avg credit $6.57)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
350/360370/380Aug 21$8.30$1.704.88$351.70$378.30
370/380390/400Aug 21$7.95$2.053.88$372.05$397.95
360/370380/390Aug 21$7.80$2.203.55$362.20$387.80
340/350370/380Aug 21$7.65$2.353.26$342.35$377.65
380/420450/470Aug 21$30.00$10.003.00$390.00$480.00
380/420440/450Aug 21$29.83$10.172.93$390.17$469.83
370/380400/410Aug 21$7.10$2.902.45$372.90$407.10
350/360380/390Aug 21$6.95$3.052.28$353.05$386.95
340/350380/390Aug 21$6.30$3.701.70$343.70$386.30
370/380410/420Aug 21$6.27$3.731.68$373.73$416.27

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 7 found (best R:R 14.38, cheapest $0.65)

CALLS (4)
LowMidHighExpiryDebitMax GainR:R
$400.00$410.00$420.00Aug 21$0.83$9.1711.05
$390.00$400.00$410.00Aug 21$0.85$9.1510.76
$370.00$380.00$390.00Aug 21$1.35$8.656.41
$380.00$390.00$400.00Aug 21$1.65$8.355.06
PUTS (3)
LowMidHighExpiryDebitMax GainR:R
$340.00$350.00$360.00Aug 21$0.65$9.3514.38
$350.00$360.00$370.00Aug 21$0.85$9.1510.76
$360.00$370.00$380.00Aug 21$1.80$8.204.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 14 found (best net $-0.42, 11 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$440.00$450.001:2Aug 21-$0.42$9.58
$470.00$480.001:2Aug 21-$0.65$9.35
$410.00$420.001:2Aug 21-$1.26$8.74
$400.00$410.001:2Aug 21-$1.85$8.15
$390.00$400.001:2Aug 21-$3.25$6.75
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$350.00$340.001:2Aug 21-$1.00$9.00
$360.00$350.001:2Aug 21-$1.90$8.10
$370.00$360.001:2Aug 21-$3.25$6.75
$380.00$370.001:2Aug 21-$4.50$5.50
$420.00$380.001:2Aug 21$15.40$24.60

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 6 found (best yield 3.37%, avg 1.43%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$380.00Aug 21$12.800.510.2%3.37%3.56%12213
$390.00Aug 21$8.300.402.8%2.19%5.01%1--
$400.00Aug 21$5.600.305.5%1.48%6.93%4316
$410.00Aug 21$3.500.218.1%0.92%9.01%19151
$420.00Aug 21$1.850.1510.7%0.49%11.22%113232
$440.00Aug 21$0.600.0616.0%0.16%16.16%3--

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 565
Total Puts 349
Put/Call Ratio 0.62
Net Difference 216

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 16,522
Total Puts 9,967
Average Put/Call Ratio 0.63
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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