Tour v492
ELV
ELEVANCE HEALTH INC
$391.40 +0.04%
$393.32 (+0.49%)🌙
as of 08/06 06:36 PM
8/6 18:36

Option Volume

Detail
Current (08/06) 344
Calls: 274 (80%)
Puts: 70 (20%)
Prior (08/05) 2,371
Calls: 1,573 (66%)
Puts: 798 (34%)
Current vs Prior -85.49%
Calls: -82.58% (Calls)
Puts: -91.23% (Puts)
Prior 7-Day Total 5,775
Calls: 3,468 (60%)
Puts: 2,307 (40%)
Prior 7-Day Average 825
Calls: 495 (60%)
Puts: 329 (40%)
Current vs Prior 7-Day Avg -58.30%
Calls: -44.69%
Puts: -78.76%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/06) $311.2K
Calls: $274.6K (88%)
Puts: $36.7K (12%)
Prior (08/05) $3.90M
Calls: $2.43M (62%)
Puts: $1.47M (38%)
Current vs Prior -92.02%
Calls: -88.70%
Puts: -97.51%
Prior 7-Day Total $7.83M
Calls: $4.40M (56%)
Puts: $3.43M (44%)
Prior 7-Day Average $1.12M
Calls: $628.0K (56%)
Puts: $490.0K (44%)
Current vs Prior 7-Day Avg -72.16%
Calls: -56.28%
Puts: -92.52%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/06) 0.26
Prior (08/05) 0.51
Current vs Prior -49.64%
Prior 7-Day Average 0.72
Current vs Prior 7-Day Avg -64.64%
Sentiment BULLISH

Open Interest

Detail
Current (08/06) 6,196
Calls: 5,178 (84%)
Puts: 1,018 (16%)
Prior (08/05) 11,744
Calls: 7,011 (60%)
Puts: 4,733 (40%)
Current vs Prior -47.24%
Prior 7-Day Total 53,341
Calls: 34,364 (64%)
Puts: 18,977 (36%)
Prior 7-Day Average 7,620
Calls: 4,909 (64%)
Puts: 2,711 (36%)
Current vs Prior 7-Day Avg -18.69%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 6.92% | 10.14%
Prior 7.02% | 9.98%
Current vs Prior -1.32% | +1.62%
Prior 7-Day Avg 7.67% | 10.80%
Current vs 7-Day Avg -9.70% | -6.06%
Prior 7-Day Eod 7.02% | 9.98%
Current vs 7-Day Eod -1.32% | +1.62%
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

Strong bullish conviction with 88% of dollar volume in calls ($274.6K) vs puts ($36.7K). Light premium activity with dollar volume down 92% vs prior. Below-average activity with volume down 85% vs prior. Extreme bullish P/C ratio of 0.26 - heavy call buying (274 calls vs 70 puts).

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 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 -- 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. 2 found (avg delta 0.57, highest 0.61)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Sep 1822.3025.00$23.6511.4%10.61300
$390.00Aug 2110.2012.40$11.3019.5%130.54574
PUTS (0)
No puts meet the criteria

Most actively traded options today. High liquidity = easy entry/exit. 19 active (total vol 138, top 34)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$420.00Aug 211.302.20$1.7551.4%270.14371
$430.00Aug 210.002.20$1.10200.0%150.09729
$390.00Aug 2110.2012.40$11.3019.5%130.54574
$450.00Aug 210.101.05$0.58163.8%110.05--
$420.00Sep 186.007.50$6.7522.2%50.271.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$340.00Aug 210.200.50$0.3585.7%340.03100
$390.00Aug 218.4010.20$9.3019.4%100.47161
$370.00Aug 212.303.20$2.7532.7%50.19350
$320.00Aug 210.100.30$0.20100.0%20.0134
$350.00Aug 210.001.45$0.73198.6%20.06247

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 3 strikes (avg 10.6%, max 23.5%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$400.00Aug 21Sep 1833.0%32.5%1.6%4332
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$350.00Aug 21Sep 1836.0%29.2%23.5%4247
$370.00Aug 21Sep 1832.7%30.6%6.6%6406

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 14 found (best R:R 132.33, avg 17.56)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$430.00$450.00Aug 21$0.52$19.48$0.5237.46$430.52
$420.00$430.00Aug 21$0.65$9.35$0.6514.38$420.65
$410.00$420.00Aug 21$1.55$8.45$1.555.45$411.55
$400.00$420.00Sep 18$6.10$13.90$6.102.28$406.10
$400.00$410.00Aug 21$3.50$6.50$3.501.86$403.50
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$340.00$320.00Aug 21$0.15$19.85$0.15132.33$339.85
$350.00$340.00Aug 21$0.38$9.62$0.3825.32$349.62
$370.00$360.00Aug 21$0.83$9.17$0.8311.05$369.17
$360.00$350.00Aug 21$1.19$8.81$1.197.40$358.81
$370.00$350.00Sep 18$5.32$14.68$5.322.76$364.68

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 14 found (best R:R 1.17, avg 0.36)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$380.00$400.00Sep 18$10.80$10.80$9.201.17$390.80
$390.00$400.00Aug 21$4.50$4.50$5.500.82$394.50
$400.00$410.00Aug 21$3.50$3.50$6.500.54$403.50
$400.00$420.00Sep 18$6.10$6.10$13.900.44$406.10
$410.00$420.00Aug 21$1.55$1.55$8.450.18$411.55
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$380.00$370.00Sep 18$4.10$4.10$5.900.69$375.90
$390.00$370.00Aug 21$6.55$6.55$13.450.49$383.45
$370.00$350.00Sep 18$5.32$5.32$14.680.36$364.68
$360.00$350.00Aug 21$1.19$1.19$8.810.14$358.81
$370.00$360.00Aug 21$0.83$0.83$9.170.09$369.17

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $4.58, cheapest $1.95)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$420.00Aug 21Sep 18$5.0031.5%32.6%
$400.00Aug 21Sep 18$6.0533.0%32.5%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$350.00Aug 21Sep 18$1.9536.0%29.2%
$340.00Aug 21Sep 18$4.6537.7%42.5%
$370.00Aug 21Sep 18$5.2532.7%30.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 2 found (cheapest 5.26% of stock, avg 7.20%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$390.00Aug 21$11.30$9.30$20.60$369.40$410.605.26%
$380.00Sep 18$23.65$12.10$35.75$344.25$415.759.13%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 24 found (cheapest 0.47% of stock, avg 2.60%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$430.00$350.00Aug 21$1.10$0.73$1.83$348.17$431.83
$420.00$350.00Aug 21$1.75$0.73$2.48$347.52$422.48
$430.00$360.00Aug 21$1.10$1.92$3.02$356.98$433.02
$420.00$360.00Aug 21$1.75$1.92$3.67$356.33$423.67
$430.00$370.00Aug 21$1.10$2.75$3.85$366.15$433.85
$410.00$350.00Aug 21$3.30$0.73$4.03$345.97$414.03
$420.00$370.00Aug 21$1.75$2.75$4.50$365.50$424.50
$410.00$360.00Aug 21$3.30$1.92$5.22$354.78$415.22
$410.00$370.00Aug 21$3.30$2.75$6.05$363.95$416.05
$400.00$350.00Aug 21$6.80$0.73$7.53$342.47$407.53

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 27 found (best R:R 4.15, avg credit $4.66)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
350/370380/400Sep 18$16.12$3.884.15$353.88$396.12
350/370400/420Sep 18$11.42$8.581.33$358.58$411.42
350/360390/400Aug 21$5.69$4.311.32$354.31$395.69
360/370390/400Aug 21$5.33$4.671.14$364.67$395.33
370/380400/420Sep 18$10.20$9.801.04$369.80$410.20
370/390400/410Aug 21$10.05$9.951.01$379.95$410.05
340/350390/400Aug 21$4.88$5.120.95$345.12$394.88
350/360400/410Aug 21$4.69$5.310.88$355.31$404.69
360/370400/410Aug 21$4.33$5.670.76$365.67$404.33
370/390410/420Aug 21$8.10$11.900.68$381.90$418.10

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 5 found (best R:R 11.35, cheapest $0.81)

CALLS (4)
LowMidHighExpiryDebitMax GainR:R
$410.00$420.00$430.00Aug 21$0.90$9.1010.11
$390.00$400.00$410.00Aug 21$1.00$9.009.00
$400.00$410.00$420.00Aug 21$1.95$8.054.13
$380.00$400.00$420.00Sep 18$4.70$15.303.26
PUTS (1)
LowMidHighExpiryDebitMax GainR:R
$340.00$350.00$360.00Aug 21$0.81$9.1911.35

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 $-0.05, 10 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$430.00$450.001:2Aug 21-$0.06$19.94
$400.00$420.001:2Sep 18-$0.65$19.35
$380.00$400.001:2Sep 18-$2.05$17.95
$410.00$420.001:2Aug 21-$0.20$9.80
$420.00$430.001:2Aug 21-$0.45$9.55
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$340.00$320.001:2Aug 21-$0.05$19.95
$370.00$360.001:2Aug 21-$1.09$8.91
$380.00$370.001:2Sep 18-$3.90$6.10
$350.00$340.001:2Sep 18-$7.32$2.68
$370.00$350.001:2Sep 18$2.64$17.36

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 5 found (best yield 3.12%, avg 1.43%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$400.00Sep 18$12.200.432.2%3.12%5.31%2332
$420.00Sep 18$6.000.277.3%1.53%8.84%51.2K
$400.00Aug 21$5.900.392.2%1.51%3.70%2--
$410.00Aug 21$2.600.244.8%0.66%5.42%2174
$420.00Aug 21$1.300.147.3%0.33%7.64%27371

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 274
Total Puts 70
Put/Call Ratio 0.26
Net Difference 204

Prior's Put/Call Breakdown

Total Calls 1,573
Total Puts 798
Put/Call Ratio 0.51
Net Difference 775

Prior 7-Day Put/Call Summary

Total Calls 3,468
Total Puts 2,307
Average Put/Call Ratio 0.72
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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