Tour v394
ENPH
ENPHASE ENERGY INC
$38.89 -1.74%
$38.93 (+0.10%)🌙
as of 07/23 06:04 PM
(7/23 15:54) ◀
|
Thursday, July 23, 2026 (6:04pm)
January 2026
|
▶ (7/23 19:22)
◀ 7/23 18:04 ▶

Option Volume

Detail
ℹ
Current (07/23) 22,722
Calls: 11,673 (51%)
Puts: 11,049 (49%)
Prior (07/22) 10,806
Calls: 7,698 (71%)
Puts: 3,108 (29%)
Current vs Prior +110.27%
Calls: +51.64% (Calls)
Puts: +255.50% (Puts)
Prior 7-Day Total 124,508
Calls: 67,489 (54%)
Puts: 57,019 (46%)
Prior 7-Day Average 17,786
Calls: 9,641 (54%)
Puts: 8,145 (46%)
Current vs Prior 7-Day Avg +27.75%
Calls: +21.07%
Puts: +35.64%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/23) $11.30M
Calls: $2.73M (24%)
Puts: $8.58M (76%)
Prior (07/22) $3.53M
Calls: $2.15M (61%)
Puts: $1.39M (39%)
Current vs Prior +219.81%
Calls: +26.97%
Puts: +518.60%
Prior 7-Day Total $54.71M
Calls: $14.32M (26%)
Puts: $40.39M (74%)
Prior 7-Day Average $7.82M
Calls: $2.05M (26%)
Puts: $5.77M (74%)
Current vs Prior 7-Day Avg +44.64%
Calls: +33.35%
Puts: +48.65%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 0.95
Prior (07/22) 0.40
Current vs Prior +134.44%
Prior 7-Day Average 0.83
Current vs Prior 7-Day Avg +13.40%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (07/23) 361,654
Calls: 209,501 (58%)
Puts: 152,153 (42%)
Prior (07/22) 171,589
Calls: 114,745 (67%)
Puts: 56,844 (33%)
Current vs Prior +110.77%
Prior 7-Day Total 2,528,363
Calls: 1,493,042 (59%)
Puts: 1,035,321 (41%)
Prior 7-Day Average 361,194
Calls: 213,291 (59%)
Puts: 147,903 (41%)
Current vs Prior 7-Day Avg +0.13%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 6.09% | 15.07%22.73% | 28.44%
Prior 6.37% | 16.25%23.45% | 28.12%
Current vs Prior -4.28% | -7.25%-3.05% | +1.13%
Prior 7-Day Avg 7.91% | 15.71%14.20% | 26.40%
Current vs 7-Day Avg -22.95% | -4.11%+60.12% | +7.72%
Prior 7-Day Eod 6.37% | 16.25%23.45% | 28.12%
Current vs 7-Day Eod -4.28% | -7.25%-3.05% | +1.13%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 140.47% | 41.87%
Calls: 216.88% | 36.46%
Puts: 64.06% | 47.27%
Prior 17.80% | 18.18%
Calls: 16.91% | 22.22%
Puts: 18.70% | 14.15%
Current vs Prior +689.16% | +130.31%
Prior 7-Day Avg 27.00% | 19.00%
Calls: 29.70% | 22.93%
Puts: 24.30% | 15.06%
Current vs 7-Day Avg +420.29% | +120.38%
Liquidity Expensive
+
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🤖 AI Insights

Strong bearish conviction with 76% of dollar volume in puts ($8.58M) vs calls ($2.73M). Massive premium surge with dollar volume up 220% vs prior. Unusually high activity with volume up 110% vs prior - elevated interest. P/C ratio rising 134% - increased hedging/bearish positioning.

Smart Money BEARISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BEARISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 1 of results (avg 7.8%, best 7.8%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 217.958.60$8.287.9%120.663.1K

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. 82 found (avg delta 0.67, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$32.00Jul 245.558.30$6.9339.7%11.008
$33.00Jul 244.507.65$6.0851.8%40.9444
$35.00Jul 242.655.10$3.8863.1%10.9119
$33.50Jul 243.357.15$5.2572.4%10.9047
$34.00Jul 243.506.65$5.0862.0%40.876
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Jul 244.458.20$6.3259.3%2920.96163
$44.00Jul 243.906.70$5.3052.8%1450.9591
$43.00Jul 242.935.50$4.2260.9%10.9457
$42.00Jul 242.585.25$3.9268.1%70.93141
$42.50Jul 242.445.00$3.7268.8%30.8846

Most actively traded options today. High liquidity = easy entry/exit. 189 active (total vol 5.5K, top 488)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Jul 310.831.50$1.1757.3%4880.27184
$40.00Jul 312.142.59$2.3719.0%2690.48482
$40.00Jul 240.060.65$0.36163.9%2680.29152
$42.00Jul 240.040.09$0.0771.4%2620.07258
$40.00Aug 213.453.85$3.6511.0%2550.49842
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$33.00Jul 310.210.82$0.52117.3%3840.1461
$45.00Jul 244.458.20$6.3259.3%2920.96163
$46.00Jul 245.459.15$7.3050.7%2560.7688
$35.00Aug 211.852.39$2.1225.5%1480.313.3K
$44.00Jul 243.906.70$5.3052.8%1450.9591

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 41 strikes (avg 93.1%, max 357.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$46.00Jul 24Sep 4419.5%91.6%357.8%19275
$45.50Jul 24Aug 7404.5%115.7%249.6%2857
$43.50Jul 24Aug 7340.4%105.2%223.5%23497
$44.50Jul 24Jul 31373.0%127.5%192.5%65215
$46.50Jul 24Aug 21281.4%97.6%188.2%4119
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$46.00Jul 24Sep 4419.5%91.6%357.8%25788
$35.50Jul 24Aug 21320.0%80.5%297.7%4753
$32.50Jul 24Jul 31465.5%134.8%245.3%5219
$43.50Jul 24Aug 7340.4%105.2%223.5%252
$33.00Jul 24Aug 28200.2%79.0%153.4%26221

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 58 found (best R:R 14.38, avg 2.09)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$39.00$40.00Aug 21$0.11$0.89$0.118.09$39.11
$36.00$38.00Aug 7$0.28$1.72$0.286.14$36.28
$42.50$43.00Jul 24$0.10$0.40$0.104.00$42.60
$40.00$40.50Aug 21$0.10$0.40$0.104.00$40.10
$42.00$44.00Aug 28$0.41$1.59$0.413.88$42.41
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$35.00$33.00Aug 14$0.13$1.87$0.1314.38$34.87
$35.00$34.00Aug 21$0.12$0.88$0.127.33$34.88
$41.00$40.00Aug 7$0.16$0.84$0.165.25$40.84
$33.00$32.00Aug 21$0.21$0.79$0.213.76$32.79
$34.00$33.50Jul 24$0.11$0.39$0.113.55$33.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 74 found (best R:R 9.00, avg 1.48)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$40.00$41.00Aug 28$0.90$0.90$0.109.00$40.90
$32.00$33.00Jul 24$0.85$0.85$0.155.67$32.85
$40.50$41.00Jul 31$0.40$0.40$0.104.00$40.90
$37.00$39.00Aug 14$1.57$1.57$0.433.65$38.57
$35.50$36.50Jul 24$0.74$0.74$0.262.85$36.24
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$36.00$35.00Aug 7$0.82$0.82$0.184.56$35.18
$43.00$42.00Jul 31$0.80$0.80$0.204.00$42.20
$45.00$44.00Aug 21$0.80$0.80$0.204.00$44.20
$45.00$42.00Aug 28$2.40$2.40$0.604.00$42.60
$46.00$45.50Jul 24$0.37$0.37$0.132.85$45.63

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 42 found (avg debit $1.44, cheapest $0.23)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$43.50Jul 24Jul 31$0.35340.4%131.4%
$46.50Jul 24Jul 31$0.73281.4%143.3%
$44.00Jul 24Jul 31$0.85148.4%111.3%
$45.00Jul 24Jul 31$1.12163.6%135.9%
$35.00Jul 24Jul 31$1.15156.4%144.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$35.50Jul 24Jul 31$0.23320.0%123.9%
$42.00Jul 24Jul 31$0.23105.0%136.3%
$46.00Jul 24Jul 31$0.25419.5%131.8%
$33.00Jul 24Jul 31$0.44200.2%114.7%
$34.50Jul 24Jul 31$0.63227.5%121.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 81 found (cheapest 3.42% of stock, avg 17.96%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$39.00Jul 24$0.59$0.74$1.33$37.67$40.333.42%
$40.50Jul 24$0.28$1.68$1.96$38.54$42.465.04%
$39.50Jul 24$0.51$1.58$2.09$37.41$41.595.37%
$40.00Jul 24$0.36$1.87$2.23$37.77$42.235.73%
$38.50Jul 24$1.63$0.68$2.31$36.19$40.815.94%
$37.00Jul 24$2.10$0.25$2.35$34.65$39.356.04%
$41.00Jul 24$0.21$2.37$2.58$38.42$43.586.63%
$36.50Jul 24$2.60$0.19$2.79$33.71$39.297.17%
$41.50Jul 24$0.20$2.85$3.05$38.45$44.557.84%
$42.50Jul 24$0.16$3.72$3.88$38.62$46.389.98%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 149 found (cheapest 1.57% of stock, avg 13.22%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$40.00$37.00Jul 24$0.36$0.25$0.61$36.39$40.61
$40.00$37.50Jul 24$0.36$0.31$0.67$36.83$40.67
$39.50$37.00Jul 24$0.51$0.25$0.76$36.24$40.26
$39.50$37.50Jul 24$0.51$0.31$0.82$36.68$40.32
$39.00$37.00Jul 24$0.59$0.25$0.84$36.16$39.84
$40.00$38.00Jul 24$0.36$0.48$0.84$37.16$40.84
$39.00$37.50Jul 24$0.59$0.31$0.90$36.60$39.90
$39.50$38.00Jul 24$0.51$0.48$0.99$37.01$40.49
$40.00$38.50Jul 24$0.36$0.68$1.04$37.46$41.04
$39.00$38.00Jul 24$0.59$0.48$1.07$36.93$40.07

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 58 found (best R:R 12.33, avg credit $0.81)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
35/3637/39Aug 14$1.85$0.1512.33$34.15$38.85
33/3440/40Jul 31$0.90$0.109.00$33.10$40.40
34/3538/40Aug 7$1.34$0.168.38$33.66$39.34
40/4142/43Aug 14$0.89$0.118.09$40.11$42.89
33/3442/42Aug 21$0.88$0.127.33$33.12$42.88
37/3840/42Aug 14$1.75$0.257.00$36.25$41.75
33/3436/36Jul 24$0.87$0.136.69$32.63$36.37
38/3942/43Aug 14$0.87$0.136.69$38.13$42.87
37/4042/44Aug 28$2.59$0.416.32$37.41$44.59
34/3436/36Jul 24$0.85$0.155.67$33.15$36.35

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 32 found (best R:R 13.29, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$40.50$41.00$41.50Jul 24$0.06$0.447.33
$39.50$40.00$40.50Jul 24$0.07$0.436.14
$45.00$45.50$46.00Aug 7$0.13$0.372.85
$41.00$41.50$42.00Jul 31$0.14$0.362.57
$41.50$42.00$42.50Jul 24$0.22$0.281.27
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$44.00$45.00$46.00Jul 31$0.07$0.9313.29
$43.00$44.00$45.00Aug 21$0.07$0.9313.29
$40.00$41.00$42.00Aug 14$0.11$0.898.09
$39.00$40.00$41.00Aug 14$0.12$0.887.33
$41.50$42.00$42.50Aug 21$0.07$0.436.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 34 found (best net $-0.82, 27 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$44.00$45.001:2Aug 28-$0.15$0.85
$44.00$45.001:2Aug 7-$0.63$0.37
$40.50$41.001:2Jul 24-$0.14$0.36
$37.00$38.501:2Jul 24-$1.16$0.34
$41.00$41.501:2Jul 24-$0.19$0.31
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$40.00$37.001:2Aug 28-$0.82$2.18
$36.00$35.001:2Aug 28-$0.51$0.49
$34.00$33.501:2Jul 24-$0.10$0.40
$36.50$36.001:2Jul 24-$0.11$0.39
$35.00$34.001:2Aug 7-$0.62$0.38

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 57 found (best yield 9.13%, avg 4.22%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$40.00Aug 28$3.550.522.9%9.13%11.98%12
$39.00Aug 14$3.450.540.3%8.87%9.15%25
$40.00Aug 21$3.450.492.9%8.87%11.73%255842
$40.00Aug 14$3.150.512.9%8.10%10.95%135
$40.50Aug 21$3.000.474.1%7.71%11.85%1111
$41.00Aug 21$3.000.465.4%7.71%13.14%138
$42.00Aug 28$3.000.478.0%7.71%15.71%914
$39.00Aug 28$2.980.540.3%7.66%7.95%45
$41.50Aug 21$2.900.466.7%7.46%14.17%119
$39.00Aug 21$2.810.520.3%7.23%7.51%33

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 11,673
Total Puts 11,049
Put/Call Ratio 0.95
Net Difference 624

Prior's Put/Call Breakdown

Total Calls 7,698
Total Puts 3,108
Put/Call Ratio 0.40
Net Difference 4,590

Prior 7-Day Put/Call Summary

Total Calls 67,489
Total Puts 57,019
Average Put/Call Ratio 0.83
Ratio Trend Rising

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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