Tour v487
ELV
ELEVANCE HEALTH INC
$382.77 +1.84%
$377.04 (-1.50%)🌙
as of 08/03 06:25 PM
8/3 18:25

Option Volume

Detail
Current (08/03) 468
Calls: 294 (63%)
Puts: 174 (37%)
Prior (07/31) 739
Calls: 322 (44%)
Puts: 417 (56%)
Current vs Prior -36.67%
Calls: -8.70% (Calls)
Puts: -58.27% (Puts)
Prior 7-Day Total 4,388
Calls: 2,428 (55%)
Puts: 1,960 (45%)
Prior 7-Day Average 626
Calls: 346 (55%)
Puts: 280 (45%)
Current vs Prior 7-Day Avg -25.34%
Calls: -15.24%
Puts: -37.86%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/03) $371.5K
Calls: $261.1K (70%)
Puts: $110.4K (30%)
Prior (07/31) $882.2K
Calls: $299.4K (34%)
Puts: $582.8K (66%)
Current vs Prior -57.89%
Calls: -12.79%
Puts: -81.06%
Prior 7-Day Total $5.85M
Calls: $2.63M (45%)
Puts: $3.22M (55%)
Prior 7-Day Average $835.5K
Calls: $375.9K (45%)
Puts: $459.6K (55%)
Current vs Prior 7-Day Avg -55.53%
Calls: -30.53%
Puts: -75.98%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/03) 0.59
Prior (07/31) 1.29
Current vs Prior -54.30%
Prior 7-Day Average 0.87
Current vs Prior 7-Day Avg -31.84%
Sentiment BULLISH

Open Interest

Detail
Current (08/03) 8,478
Calls: 6,789 (80%)
Puts: 1,689 (20%)
Prior (07/31) 8,097
Calls: 4,806 (59%)
Puts: 3,291 (41%)
Current vs Prior +4.71%
Prior 7-Day Total 41,781
Calls: 26,275 (63%)
Puts: 15,506 (37%)
Prior 7-Day Average 5,968
Calls: 3,753 (63%)
Puts: 2,215 (37%)
Current vs Prior 7-Day Avg +42.04%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 7.28% | 10.67%
Prior 7.86% | 10.67%
Current vs Prior -7.46% | +0.03%
Prior 7-Day Avg 8.37% | 11.33%
Current vs 7-Day Avg -13.04% | -5.84%
Prior 7-Day Eod 7.86% | 10.67%
Current vs 7-Day Eod -7.46% | +0.03%
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

Moderately bullish flow with 70% call dollar volume ($261.1K). Light premium activity with dollar volume down 58% vs prior. Bullish P/C ratio of 0.59. P/C ratio dropping 54% - 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 BEARISH
7-Day Avg BEARISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
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. 5 found (avg delta 0.71, highest 0.89)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$360.00Aug 2124.9031.20$28.0522.5%20.8125
$370.00Aug 2118.6021.00$19.8012.1%20.69198
$380.00Aug 2112.1014.00$13.0514.6%30.56265
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$430.00Aug 2143.7051.10$47.4015.6%30.89--
$390.00Aug 2113.4016.20$14.8018.9%10.58160

Most actively traded options today. High liquidity = easy entry/exit. 17 active (total vol 157, top 50)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$440.00Aug 210.051.00$0.53179.2%500.0477
$430.00Aug 210.702.65$1.67116.8%230.11730
$390.00Aug 218.009.00$8.5011.8%160.42604
$460.00Aug 210.001.95$0.98199.0%150.06131
$400.00Aug 214.605.30$4.9514.1%50.29261
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$360.00Aug 212.903.50$3.2018.8%170.19421
$340.00Aug 210.751.80$1.2782.7%60.0897
$350.00Aug 211.552.65$2.1052.4%40.13--
$370.00Aug 215.206.50$5.8522.2%30.31343
$430.00Aug 2143.7051.10$47.4015.6%30.89--

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 21.47, avg 6.59)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$430.00$440.00Aug 21$1.14$8.86$1.147.77$431.14
$410.00$420.00Aug 21$1.28$8.72$1.286.81$411.28
$400.00$410.00Aug 21$2.12$7.88$2.123.72$402.12
$390.00$400.00Aug 21$3.55$6.45$3.551.82$393.55
$380.00$390.00Aug 21$4.55$5.45$4.551.20$384.55
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$340.00$320.00Aug 21$0.89$19.11$0.8921.47$339.11
$350.00$340.00Aug 21$0.83$9.17$0.8311.05$349.17
$360.00$350.00Aug 21$1.10$8.90$1.108.09$358.90
$370.00$360.00Aug 21$2.65$7.35$2.652.77$367.35
$390.00$370.00Aug 21$8.95$11.05$8.951.23$381.05

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 13 found (best R:R 4.71, avg 1.12)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$360.00$370.00Aug 21$8.25$8.25$1.754.71$368.25
$370.00$380.00Aug 21$6.75$6.75$3.252.08$376.75
$380.00$390.00Aug 21$4.55$4.55$5.450.83$384.55
$390.00$400.00Aug 21$3.55$3.55$6.450.55$393.55
$400.00$410.00Aug 21$2.12$2.12$7.880.27$402.12
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$430.00$390.00Aug 21$32.60$32.60$7.404.41$397.40
$390.00$370.00Aug 21$8.95$8.95$11.050.81$381.05
$370.00$360.00Aug 21$2.65$2.65$7.350.36$367.35
$360.00$350.00Aug 21$1.10$1.10$8.900.12$358.90
$350.00$340.00Aug 21$0.83$0.83$9.170.09$349.17

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. 4 found (cheapest 6.09% of stock, avg 8.44%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$390.00Aug 21$8.50$14.80$23.30$366.70$413.306.09%
$370.00Aug 21$19.80$5.85$25.65$344.35$395.656.70%
$360.00Aug 21$28.05$3.20$31.25$328.75$391.258.16%
$430.00Aug 21$1.67$47.40$49.07$380.93$479.0712.82%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 20 found (cheapest 0.74% of stock, avg 1.83%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$420.00$340.00Aug 21$1.55$1.27$2.82$337.18$422.82
$430.00$340.00Aug 21$1.67$1.27$2.94$337.06$432.94
$420.00$350.00Aug 21$1.55$2.10$3.65$346.35$423.65
$430.00$350.00Aug 21$1.67$2.10$3.77$346.23$433.77
$410.00$340.00Aug 21$2.83$1.27$4.10$335.90$414.10
$420.00$360.00Aug 21$1.55$3.20$4.75$355.25$424.75
$430.00$360.00Aug 21$1.67$3.20$4.87$355.13$434.87
$410.00$350.00Aug 21$2.83$2.10$4.93$345.07$414.93
$410.00$360.00Aug 21$2.83$3.20$6.03$353.97$416.03
$400.00$340.00Aug 21$4.95$1.27$6.22$333.78$406.22

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 28 found (best R:R 9.87, avg credit $5.38)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
340/350360/370Aug 21$9.08$0.929.87$340.92$369.08
350/360370/380Aug 21$7.85$2.153.65$352.15$377.85
340/350370/380Aug 21$7.58$2.423.13$342.42$377.58
360/370380/390Aug 21$7.20$2.802.57$362.80$387.20
360/370390/400Aug 21$6.20$3.801.63$363.80$396.20
350/360380/390Aug 21$5.65$4.351.30$354.35$385.65
370/390400/410Aug 21$11.07$8.931.24$378.93$411.07
340/350380/390Aug 21$5.38$4.621.16$344.62$385.38
370/390410/420Aug 21$10.23$9.771.05$379.77$420.23
370/390430/440Aug 21$10.09$9.911.02$379.91$440.09

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 8 found (best R:R 36.04, cheapest $0.27)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$400.00$410.00$420.00Aug 21$0.84$9.1610.90
$380.00$390.00$400.00Aug 21$1.00$9.009.00
$410.00$420.00$430.00Aug 21$1.40$8.606.14
$390.00$400.00$410.00Aug 21$1.43$8.575.99
$360.00$370.00$380.00Aug 21$1.50$8.505.67
PUTS (2)
LowMidHighExpiryDebitMax GainR:R
$340.00$350.00$360.00Aug 21$0.27$9.7336.04
$350.00$360.00$370.00Aug 21$1.55$8.455.45

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 $-1.43, 10 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$440.00$460.001:2Aug 21-$1.43$18.57
$410.00$420.001:2Aug 21-$0.27$9.73
$400.00$410.001:2Aug 21-$0.71$9.29
$390.00$400.001:2Aug 21-$1.40$8.60
$420.00$430.001:2Aug 21-$1.79$8.21
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$350.00$340.001:2Aug 21-$0.44$9.56
$370.00$360.001:2Aug 21-$0.55$9.45
$360.00$350.001:2Aug 21-$1.00$9.00
$430.00$390.001:2Aug 21$17.80$22.20
$340.00$320.001:2Aug 21$0.51$19.49

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 5 found (best yield 2.09%, avg 0.90%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$390.00Aug 21$8.000.421.9%2.09%3.98%16604
$400.00Aug 21$4.600.294.5%1.20%5.70%5261
$410.00Aug 21$2.550.197.1%0.67%7.78%1--
$420.00Aug 21$1.300.129.7%0.34%10.07%5496
$430.00Aug 21$0.700.1112.3%0.18%12.52%23730

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 294
Total Puts 174
Put/Call Ratio 0.59
Net Difference 120

Prior's Put/Call Breakdown

Total Calls 322
Total Puts 417
Put/Call Ratio 1.29
Net Difference -95

Prior 7-Day Put/Call Summary

Total Calls 2,428
Total Puts 1,960
Average Put/Call Ratio 0.87
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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