Tour v422
ELV
ELEVANCE HEALTH INC
$378.36 +0.18%
7/27 18:28

Option Volume

Detail
Current (07/27) 597
Calls: 408 (68%)
Puts: 189 (32%)
Prior (07/24) 263
Calls: 116 (44%)
Puts: 147 (56%)
Current vs Prior +127.00%
Calls: +251.72% (Calls)
Puts: +28.57% (Puts)
Prior 7-Day Total 14,389
Calls: 9,340 (65%)
Puts: 5,049 (35%)
Prior 7-Day Average 2,055
Calls: 1,334 (65%)
Puts: 721 (35%)
Current vs Prior 7-Day Avg -70.96%
Calls: -69.42%
Puts: -73.80%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/27) $761.0K
Calls: $327.5K (43%)
Puts: $433.5K (57%)
Prior (07/24) $541.2K
Calls: $151.1K (28%)
Puts: $390.2K (72%)
Current vs Prior +40.59%
Calls: +116.77%
Puts: +11.10%
Prior 7-Day Total $16.33M
Calls: $8.66M (53%)
Puts: $7.68M (47%)
Prior 7-Day Average $2.33M
Calls: $1.24M (53%)
Puts: $1.10M (47%)
Current vs Prior 7-Day Avg -67.39%
Calls: -73.52%
Puts: -60.47%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/27) 0.46
Prior (07/24) 1.27
Current vs Prior -63.45%
Prior 7-Day Average 0.70
Current vs Prior 7-Day Avg -33.62%
Sentiment BULLISH

Open Interest

Detail
Current (07/27) 4,631
Calls: 1,945 (42%)
Puts: 2,686 (58%)
Prior (07/24) 5,088
Calls: 4,161 (82%)
Puts: 927 (18%)
Current vs Prior -8.98%
Prior 7-Day Total 75,332
Calls: 47,884 (64%)
Puts: 27,448 (36%)
Prior 7-Day Average 10,761
Calls: 6,840 (64%)
Puts: 3,921 (36%)
Current vs Prior 7-Day Avg -56.97%
Sentiment BULLISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 8.58% | 11.43%
Prior 8.82% | 11.88%
Current vs Prior -2.73% | -3.74%
Prior 7-Day Avg 8.23% | 11.64%
Current vs 7-Day Avg +4.26% | -1.79%
Prior 7-Day Eod 8.82% | 11.88%
Current vs 7-Day Eod -2.73% | -3.74%
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 27.18% | 11.92%
Calls: 29.66% | 6.62%
Puts: 24.69% | 17.21%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Unusually high activity with volume up 127% vs prior - elevated interest. Extreme bullish P/C ratio of 0.46 - heavy call buying (408 calls vs 189 puts). P/C ratio dropping 63% - sentiment shifting bullish.

Smart Money BEARISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
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 1 of results (avg 9.8%, best 9.8%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$440.00Aug 2160.0066.20$63.109.8%10.96--

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. 4 found (avg delta 0.70, highest 0.96)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$360.00Aug 2123.2026.30$24.7512.5%20.7223
$370.00Aug 2116.2019.70$17.9519.5%70.61193
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$440.00Aug 2160.0066.20$63.109.8%10.96--
$380.00Aug 2111.9017.10$14.5035.9%90.51--

Most actively traded options today. High liquidity = easy entry/exit. 15 active (total vol 293, top 194)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$420.00Aug 211.202.95$2.0884.1%1940.13251
$400.00Aug 214.208.60$6.4068.7%270.29318
$410.00Aug 211.306.60$3.95134.2%200.20--
$380.00Aug 2111.3013.80$12.5519.9%100.49239
$370.00Aug 2116.2019.70$17.9519.5%70.61193
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Aug 2111.9017.10$14.5035.9%90.51--
$370.00Aug 217.609.80$8.7025.3%80.39321
$360.00Aug 215.207.10$6.1530.9%40.28415
$340.00Aug 211.502.90$2.2063.6%20.12--
$350.00Aug 212.454.60$3.5360.9%20.19--

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. 10 found (best R:R 39.00, avg 7.46)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$420.00$430.00Aug 21$0.25$9.75$0.2539.00$420.25
$430.00$450.00Aug 21$1.53$18.47$1.5312.07$431.53
$410.00$420.00Aug 21$1.87$8.13$1.874.35$411.87
$400.00$410.00Aug 21$2.45$7.55$2.453.08$402.45
$380.00$400.00Aug 21$6.15$13.85$6.152.25$386.15
BEAR PUT (4)
BuySellExpiryDebitMax GainMax LossR:RBE
$350.00$340.00Aug 21$1.33$8.67$1.336.52$348.67
$370.00$360.00Aug 21$2.55$7.45$2.552.92$367.45
$360.00$350.00Aug 21$2.62$7.38$2.622.82$357.38
$380.00$370.00Aug 21$5.80$4.20$5.800.72$374.20

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 12 found (best R:R 4.26, avg 0.91)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$360.00$370.00Aug 21$6.80$6.80$3.202.13$366.80
$370.00$380.00Aug 21$5.40$5.40$4.601.17$375.40
$380.00$400.00Aug 21$6.15$6.15$13.850.44$386.15
$400.00$410.00Aug 21$2.45$2.45$7.550.32$402.45
$410.00$420.00Aug 21$1.87$1.87$8.130.23$411.87
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$440.00$380.00Aug 21$48.60$48.60$11.404.26$391.40
$380.00$370.00Aug 21$5.80$5.80$4.201.38$374.20
$360.00$350.00Aug 21$2.62$2.62$7.380.36$357.38
$370.00$360.00Aug 21$2.55$2.55$7.450.34$367.45
$350.00$340.00Aug 21$1.33$1.33$8.670.15$348.67

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 7.04% of stock, avg 7.45%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$370.00Aug 21$17.95$8.70$26.65$343.35$396.657.04%
$380.00Aug 21$12.55$14.50$27.05$352.95$407.057.15%
$360.00Aug 21$24.75$6.15$30.90$329.10$390.908.17%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 25 found (cheapest 1.07% of stock, avg 2.74%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$430.00$340.00Aug 21$1.83$2.20$4.03$335.97$434.03
$420.00$340.00Aug 21$2.08$2.20$4.28$335.72$424.28
$430.00$350.00Aug 21$1.83$3.53$5.36$344.64$435.36
$420.00$350.00Aug 21$2.08$3.53$5.61$344.39$425.61
$410.00$340.00Aug 21$3.95$2.20$6.15$333.85$416.15
$430.00$330.00Aug 21$1.83$4.45$6.28$323.72$436.28
$420.00$330.00Aug 21$2.08$4.45$6.53$323.47$426.53
$410.00$350.00Aug 21$3.95$3.53$7.48$342.52$417.48
$430.00$360.00Aug 21$1.83$6.15$7.98$352.02$437.98
$420.00$360.00Aug 21$2.08$6.15$8.23$351.77$428.23

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 22 found (best R:R 4.71, avg credit $5.52)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
370/380400/410Aug 21$8.25$1.754.71$371.75$408.25
340/350360/370Aug 21$8.13$1.874.35$341.87$368.13
350/360370/380Aug 21$8.02$1.984.05$351.98$378.02
370/380410/420Aug 21$7.67$2.333.29$372.33$417.67
340/350370/380Aug 21$6.73$3.272.06$343.27$376.73
370/380420/430Aug 21$6.05$3.951.53$373.95$426.05
350/360400/410Aug 21$5.07$4.931.03$354.93$405.07
360/370400/410Aug 21$5.00$5.001.00$365.00$405.00
350/360410/420Aug 21$4.49$5.510.81$355.51$414.49
360/370410/420Aug 21$4.42$5.580.79$365.58$414.42

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 6 found (best R:R 16.24, cheapest $0.58)

CALLS (3)
LowMidHighExpiryDebitMax GainR:R
$400.00$410.00$420.00Aug 21$0.58$9.4216.24
$360.00$370.00$380.00Aug 21$1.40$8.606.14
$410.00$420.00$430.00Aug 21$1.62$8.385.17
PUTS (3)
LowMidHighExpiryDebitMax GainR:R
$340.00$350.00$360.00Aug 21$1.29$8.716.75
$360.00$370.00$380.00Aug 21$3.25$6.752.08
$330.00$340.00$350.00Aug 21$3.58$6.421.79

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 12 found (best net $-0.25, 10 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$380.00$400.001:2Aug 21-$0.25$19.75
$410.00$420.001:2Aug 21-$0.21$9.79
$400.00$410.001:2Aug 21-$1.50$8.50
$420.00$430.001:2Aug 21-$1.58$8.42
$370.00$380.001:2Aug 21-$7.15$2.85
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$350.00$340.001:2Aug 21-$0.87$9.13
$360.00$350.001:2Aug 21-$0.91$9.09
$380.00$370.001:2Aug 21-$2.90$7.10
$370.00$360.001:2Aug 21-$3.60$6.40
$340.00$330.001:2Aug 21-$6.70$3.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 5 found (best yield 2.99%, avg 0.99%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$380.00Aug 21$11.300.490.4%2.99%3.42%10239
$400.00Aug 21$4.200.295.7%1.11%6.83%27318
$410.00Aug 21$1.300.208.4%0.34%8.71%20--
$420.00Aug 21$1.200.1311.0%0.32%11.32%194251
$430.00Aug 21$0.650.1013.7%0.17%13.82%5--

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 408
Total Puts 189
Put/Call Ratio 0.46
Net Difference 219

Prior's Put/Call Breakdown

Total Calls 116
Total Puts 147
Put/Call Ratio 1.27
Net Difference -31

Prior 7-Day Put/Call Summary

Total Calls 9,340
Total Puts 5,049
Average Put/Call Ratio 0.70
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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