Tour v490
ELV
ELEVANCE HEALTH INC
$378.00 -1.25%
$378.06 (+0.02%)🌙
as of 08/04 06:38 PM
8/4 18:38

Option Volume

Detail
Current (08/04) 322
Calls: 262 (81%)
Puts: 60 (19%)
Prior (08/03) 468
Calls: 294 (63%)
Puts: 174 (37%)
Current vs Prior -31.20%
Calls: -10.88% (Calls)
Puts: -65.52% (Puts)
Prior 7-Day Total 3,942
Calls: 2,157 (55%)
Puts: 1,785 (45%)
Prior 7-Day Average 563
Calls: 308 (55%)
Puts: 255 (45%)
Current vs Prior 7-Day Avg -42.82%
Calls: -14.97%
Puts: -76.47%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/04) $384.0K
Calls: $324.0K (84%)
Puts: $60.0K (16%)
Prior (08/03) $371.5K
Calls: $261.1K (70%)
Puts: $110.4K (30%)
Current vs Prior +3.35%
Calls: +24.05%
Puts: -45.61%
Prior 7-Day Total $4.84M
Calls: $2.12M (44%)
Puts: $2.72M (56%)
Prior 7-Day Average $691.8K
Calls: $303.1K (44%)
Puts: $388.6K (56%)
Current vs Prior 7-Day Avg -44.49%
Calls: +6.87%
Puts: -84.55%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/04) 0.23
Prior (08/03) 0.59
Current vs Prior -61.31%
Prior 7-Day Average 0.86
Current vs Prior 7-Day Avg -73.51%
Sentiment BULLISH

Open Interest

Detail
Current (08/04) 7,650
Calls: 4,290 (56%)
Puts: 3,360 (44%)
Prior (08/03) 8,478
Calls: 6,789 (80%)
Puts: 1,689 (20%)
Current vs Prior -9.77%
Prior 7-Day Total 43,666
Calls: 29,169 (67%)
Puts: 14,497 (33%)
Prior 7-Day Average 6,238
Calls: 4,167 (67%)
Puts: 2,071 (33%)
Current vs Prior 7-Day Avg +22.64%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 7.30% | 10.52%
Prior 7.28% | 10.67%
Current vs Prior +0.35% | -1.46%
Prior 7-Day Avg 8.11% | 11.20%
Current vs 7-Day Avg -9.94% | -6.09%
Prior 7-Day Eod 7.28% | 10.67%
Current vs 7-Day Eod +0.35% | -1.46%
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 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

Strong bullish conviction with 84% of dollar volume in calls ($324.0K) vs puts ($60.0K). Extreme bullish P/C ratio of 0.23 - heavy call buying (262 calls vs 60 puts). P/C ratio dropping 61% - 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 BEARISH
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 9.2%, best 8.2%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$400.00Sep 188.208.90$8.558.2%30.32334
$410.00Sep 185.706.30$6.0010.0%20.25191
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Aug 2111.0012.10$11.559.5%10.51--

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 0.63, highest 0.77)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$360.00Aug 2120.1025.00$22.5521.7%10.7725
$370.00Aug 2113.7018.40$16.0529.3%10.65--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$390.00Sep 1820.5026.00$23.2523.7%10.59281
$380.00Aug 2111.0012.10$11.559.5%10.51--

Most actively traded options today. High liquidity = easy entry/exit. 24 active (total vol 247, top 100)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Sep 1815.6017.70$16.6512.6%1000.50--
$390.00Aug 215.606.50$6.0514.9%650.35604
$400.00Aug 213.004.10$3.5531.0%120.23260
$380.00Aug 219.4011.70$10.5521.8%100.49268
$420.00Aug 210.752.95$1.85118.9%80.12495
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$370.00Aug 214.707.60$6.1547.2%100.35345
$360.00Aug 213.504.30$3.9020.5%60.23429
$340.00Aug 210.851.95$1.4078.6%50.0998
$340.00Sep 182.805.80$4.3069.8%40.17465
$350.00Sep 186.007.10$6.5516.8%40.2454

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 11.3%, max 24.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$410.00Aug 21Sep 1840.1%32.2%24.4%4367
$420.00Aug 21Sep 1839.9%32.3%23.6%131.7K
$430.00Aug 21Sep 1834.9%31.3%11.7%2437
$400.00Aug 21Sep 1833.5%32.4%3.6%15594
$380.00Aug 21Sep 1834.9%33.8%3.1%110268
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$340.00Aug 21Sep 1838.6%33.4%15.5%9563
$350.00Aug 21Sep 1834.8%33.1%5.2%6326
$380.00Aug 21Sep 1834.9%33.8%3.1%2327

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 20 found (best R:R 30.25, avg 6.08)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$400.00$410.00Aug 21$0.32$9.68$0.3230.25$400.32
$430.00$450.00Sep 18$0.83$19.17$0.8323.10$430.83
$420.00$430.00Aug 21$1.30$8.70$1.306.69$421.30
$410.00$420.00Aug 21$1.38$8.62$1.386.25$411.38
$420.00$430.00Sep 18$1.62$8.38$1.625.17$421.62
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$350.00$340.00Aug 21$0.70$9.30$0.7013.29$349.30
$340.00$320.00Sep 18$2.30$17.70$2.307.70$337.70
$360.00$350.00Aug 21$1.80$8.20$1.804.56$358.20
$370.00$360.00Aug 21$2.25$7.75$2.253.44$367.75
$350.00$340.00Sep 18$2.25$7.75$2.253.44$347.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 20 found (best R:R 1.86, avg 0.51)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$360.00$370.00Aug 21$6.50$6.50$3.501.86$366.50
$370.00$380.00Aug 21$5.50$5.50$4.501.22$375.50
$380.00$390.00Aug 21$4.50$4.50$5.500.82$384.50
$380.00$400.00Sep 18$8.10$8.10$11.900.68$388.10
$400.00$410.00Sep 18$2.55$2.55$7.450.34$402.55
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$390.00$380.00Sep 18$5.70$5.70$4.301.33$384.30
$380.00$370.00Aug 21$5.40$5.40$4.601.17$374.60
$380.00$350.00Sep 18$11.00$11.00$19.000.58$369.00
$370.00$360.00Aug 21$2.25$2.25$7.750.29$367.75
$350.00$340.00Sep 18$2.25$2.25$7.750.29$347.75

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $3.94, cheapest $1.98)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$430.00Aug 21Sep 18$1.9834.9%31.3%
$420.00Aug 21Sep 18$2.3039.9%32.3%
$410.00Aug 21Sep 18$2.7740.1%32.2%
$400.00Aug 21Sep 18$5.0033.5%32.4%
$380.00Aug 21Sep 18$6.1034.9%33.8%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$340.00Aug 21Sep 18$2.9038.6%33.4%
$350.00Aug 21Sep 18$4.4534.8%33.1%
$380.00Aug 21Sep 18$6.0034.9%33.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 4 found (cheapest 5.85% of stock, avg 6.94%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$380.00Aug 21$10.55$11.55$22.10$357.90$402.105.85%
$370.00Aug 21$16.05$6.15$22.20$347.80$392.205.87%
$360.00Aug 21$22.55$3.90$26.45$333.55$386.457.00%
$380.00Sep 18$16.65$17.55$34.20$345.80$414.209.05%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 40 found (cheapest 0.86% of stock, avg 2.73%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$420.00$340.00Aug 21$1.85$1.40$3.25$336.75$423.25
$450.00$320.00Sep 18$1.70$2.00$3.70$316.30$453.70
$420.00$350.00Aug 21$1.85$2.10$3.95$346.05$423.95
$430.00$320.00Sep 18$2.53$2.00$4.53$315.47$434.53
$410.00$340.00Aug 21$3.23$1.40$4.63$335.37$414.63
$400.00$340.00Aug 21$3.55$1.40$4.95$335.05$404.95
$410.00$350.00Aug 21$3.23$2.10$5.33$344.67$415.33
$400.00$350.00Aug 21$3.55$2.10$5.65$344.35$405.65
$420.00$360.00Aug 21$1.85$3.90$5.75$354.25$425.75
$450.00$340.00Sep 18$1.70$4.30$6.00$334.00$456.00

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 40 found (best R:R 4.71, avg credit $5.87)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
380/390400/410Sep 18$8.25$1.754.71$381.75$408.25
370/380390/400Aug 21$7.90$2.103.76$372.10$397.90
380/390410/420Sep 18$7.55$2.453.08$382.45$417.55
380/390420/430Sep 18$7.32$2.682.73$382.68$427.32
350/360370/380Aug 21$7.30$2.702.70$352.70$377.30
340/350360/370Aug 21$7.20$2.802.57$342.80$367.20
370/380410/420Aug 21$6.78$3.222.11$373.22$416.78
360/370380/390Aug 21$6.75$3.252.08$363.25$386.75
370/380420/430Aug 21$6.70$3.302.03$373.30$426.70
350/360380/390Aug 21$6.30$3.701.70$353.70$386.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 10 found (best R:R 124.00, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$410.00$420.00$430.00Aug 21$0.08$9.92124.00
$410.00$420.00$430.00Sep 18$0.23$9.7742.48
$400.00$410.00$420.00Sep 18$0.70$9.3013.29
$360.00$370.00$380.00Aug 21$1.00$9.009.00
$370.00$380.00$390.00Aug 21$1.00$9.009.00
PUTS (3)
LowMidHighExpiryDebitMax GainR:R
$350.00$360.00$370.00Aug 21$0.45$9.5521.22
$340.00$350.00$360.00Aug 21$1.10$8.908.09
$360.00$370.00$380.00Aug 21$3.15$6.852.17

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 19 found (best net $-0.45, 16 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$380.00$400.001:2Sep 18-$0.45$19.55
$430.00$450.001:2Sep 18-$0.87$19.13
$410.00$420.001:2Aug 21-$0.47$9.53
$420.00$430.001:2Sep 18-$0.91$9.09
$390.00$400.001:2Aug 21-$1.05$8.95
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$360.00$350.001:2Aug 21-$0.30$9.70
$350.00$340.001:2Aug 21-$0.70$9.30
$380.00$370.001:2Aug 21-$0.75$9.25
$370.00$360.001:2Aug 21-$1.65$8.35
$350.00$340.001:2Sep 18-$2.05$7.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 11 found (best yield 4.13%, avg 1.34%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$380.00Sep 18$15.600.500.5%4.13%4.66%100--
$380.00Aug 21$9.400.490.5%2.49%3.02%10268
$400.00Sep 18$8.200.325.8%2.17%7.99%3334
$410.00Sep 18$5.700.258.5%1.51%9.97%2191
$390.00Aug 21$5.600.353.2%1.48%4.66%65604
$420.00Sep 18$3.900.1911.1%1.03%12.14%51.2K
$400.00Aug 21$3.000.235.8%0.79%6.61%12260
$430.00Sep 18$1.750.1313.8%0.46%14.22%1437
$410.00Aug 21$1.450.198.5%0.38%8.85%2176
$420.00Aug 21$0.750.1211.1%0.20%11.31%8495

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 60
Put/Call Ratio 0.23
Net Difference 202

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 2,157
Total Puts 1,785
Average Put/Call Ratio 0.86
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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