Tour v422
FTNT
FORTINET INC
$152.38 +0.01%
$152.75 (+0.24%)🌙
as of 07/27 06:34 PM
7/27 18:34

Option Volume

Detail
Current (07/27) 7,967
Calls: 4,224 (53%)
Puts: 3,743 (47%)
Prior (07/24) 8,551
Calls: 2,528 (30%)
Puts: 6,023 (70%)
Current vs Prior -6.83%
Calls: +67.09% (Calls)
Puts: -37.85% (Puts)
Prior 7-Day Total 73,760
Calls: 42,519 (58%)
Puts: 31,241 (42%)
Prior 7-Day Average 10,537
Calls: 6,074 (58%)
Puts: 4,463 (42%)
Current vs Prior 7-Day Avg -24.39%
Calls: -30.46%
Puts: -16.13%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/27) $7.68M
Calls: $4.55M (59%)
Puts: $3.14M (41%)
Prior (07/24) $5.19M
Calls: $1.74M (33%)
Puts: $3.45M (67%)
Current vs Prior +47.97%
Calls: +161.33%
Puts: -9.12%
Prior 7-Day Total $44.47M
Calls: $26.52M (60%)
Puts: $17.96M (40%)
Prior 7-Day Average $6.35M
Calls: $3.79M (60%)
Puts: $2.57M (40%)
Current vs Prior 7-Day Avg +20.95%
Calls: +19.99%
Puts: +22.36%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/27) 0.89
Prior (07/24) 2.38
Current vs Prior -62.81%
Prior 7-Day Average 0.89
Current vs Prior 7-Day Avg -0.39%
Sentiment NEUTRAL

Open Interest

Detail
Current (07/27) 62,721
Calls: 24,135 (38%)
Puts: 38,586 (62%)
Prior (07/24) 78,142
Calls: 37,091 (47%)
Puts: 41,051 (53%)
Current vs Prior -19.73%
Prior 7-Day Total 526,720
Calls: 270,796 (51%)
Puts: 255,924 (49%)
Prior 7-Day Average 75,245
Calls: 38,685 (51%)
Puts: 36,560 (49%)
Current vs Prior 7-Day Avg -16.65%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 13.49% | 14.96%17.05% | 21.39%
Prior 13.61% | 15.34%17.58% | 21.76%
Current vs Prior -0.83% | -2.49%-2.99% | -1.70%
Prior 7-Day Avg 6.18% | 13.74%13.58% | 21.78%
Current vs 7-Day Avg +118.16% | +8.93%+25.51% | -1.79%
Prior 7-Day Eod 13.61% | 15.34%17.58% | 21.76%
Current vs 7-Day Eod -0.83% | -2.49%-2.99% | -1.70%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 11.33% | 7.90%
Calls: 12.24% | 9.80%
Puts: 10.42% | 6.00%
Prior 11.33% | 7.90%
Calls: 12.24% | 9.80%
Puts: 10.42% | 6.00%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 11.33% | 7.90%
Calls: 12.24% | 9.80%
Puts: 10.42% | 6.00%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

P/C ratio dropping 63% - sentiment shifting bullish. Put-heavy open interest (38,586 puts vs 24,135 calls) suggests hedging or bearish positioning. Declining open interest (down 20%) indicates positions being closed.

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 BULLISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
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 9.1%, best 8.1%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$127.00Jul 3125.6028.25$26.939.8%10.89--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Jul 3113.6514.80$14.238.1%10.59--
$170.00Jul 3120.0522.05$21.059.5%10.745

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. 31 found (avg delta 0.65, highest 0.93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$123.00Jul 3128.6031.80$30.2010.6%10.93--
$124.00Jul 3127.7031.25$29.4812.0%10.93--
$127.00Jul 3125.6028.25$26.939.8%10.89--
$135.00Jul 3118.7522.00$20.3815.9%20.81--
$135.00Aug 2121.3523.80$22.5810.9%10.76--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$175.00Jul 3123.4026.05$24.7310.7%10.8011
$172.50Jul 3121.6024.25$22.9311.6%100.77--
$170.00Jul 3120.0522.05$21.059.5%10.745
$165.00Aug 717.0019.60$18.3014.2%350.64374
$160.00Jul 3113.6514.80$14.238.1%10.59--

Most actively traded options today. High liquidity = easy entry/exit. 114 active (total vol 5.4K, top 1.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Jul 315.457.40$6.4330.3%1.6K0.411.7K
$170.00Aug 73.405.80$4.6052.2%2040.3029
$165.00Jul 314.455.00$4.7211.7%1310.33413
$160.00Aug 147.459.85$8.6527.7%1020.43148
$155.00Jul 317.958.80$8.3810.1%1000.49498
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Jul 312.985.00$3.9950.6%1.6K0.261.7K
$135.00Aug 214.255.40$4.8323.8%3300.24586
$152.50Jul 319.1510.30$9.7311.8%960.4725
$142.00Jul 314.605.55$5.0718.7%680.3023
$155.00Jul 3110.5511.85$11.2011.6%550.51927

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 27 strikes (avg 90.4%, max 126.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Jul 31Sep 4153.7%67.8%126.8%18145
$140.00Jul 31Sep 4147.4%68.7%114.6%1213
$155.00Jul 31Aug 28150.3%74.3%102.3%110502
$152.50Jul 31Aug 21154.9%78.3%97.9%100643
$135.00Jul 31Aug 21148.2%76.2%94.4%3--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$130.00Jul 31Sep 4146.5%66.7%119.5%4434
$160.00Jul 31Sep 4150.2%70.3%113.7%3--
$155.00Jul 31Sep 4150.3%70.6%112.8%57927
$125.00Jul 31Sep 4141.1%67.7%108.3%2665
$150.00Jul 31Aug 21153.7%75.5%103.5%42852

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 84 found (best R:R 14.62, avg 2.48)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$175.00$177.50Jul 31$0.16$2.34$0.1614.62$175.16
$170.00$175.00Aug 7$0.76$4.24$0.765.58$170.76
$160.00$162.50Aug 7$0.42$2.08$0.424.95$160.42
$152.50$155.00Aug 14$0.47$2.03$0.474.32$152.97
$170.00$172.50Jul 31$0.49$2.01$0.494.10$170.49
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$125.00$122.00Jul 31$0.25$2.75$0.2511.00$124.75
$130.00$125.00Aug 7$0.42$4.58$0.4210.90$129.58
$134.00$133.00Jul 31$0.16$0.84$0.165.25$133.84
$135.00$134.00Jul 31$0.19$0.81$0.194.26$134.81
$130.00$125.00Sep 4$1.06$3.94$1.063.72$128.94

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 97 found (best R:R 5.67, avg 0.98)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$124.00$127.00Jul 31$2.55$2.55$0.455.67$126.55
$127.00$135.00Jul 31$6.55$6.55$1.454.52$133.55
$123.00$124.00Jul 31$0.72$0.72$0.282.57$123.72
$135.00$140.00Jul 31$3.50$3.50$1.502.33$138.50
$140.00$146.00Jul 31$4.20$4.20$1.802.33$144.20
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$150.00$149.00Jul 31$0.83$0.83$0.174.88$149.17
$143.00$142.00Aug 14$0.80$0.80$0.204.00$142.20
$172.50$170.00Jul 31$1.88$1.88$0.623.03$170.62
$146.00$145.00Aug 7$0.75$0.75$0.253.00$145.25
$175.00$172.50Jul 31$1.80$1.80$0.702.57$173.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 27 found (avg debit $1.45, cheapest $0.62)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$160.00Jul 31Aug 7$1.07150.2%100.8%
$180.00Jul 31Aug 14$1.13143.9%81.5%
$152.50Jul 31Aug 7$1.15154.9%103.2%
$170.00Jul 31Aug 7$1.15147.3%101.4%
$157.50Jul 31Aug 7$1.30153.5%104.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$130.00Jul 31Aug 7$0.62146.5%98.0%
$160.00Jul 31Aug 7$0.62150.2%100.8%
$135.00Jul 31Aug 7$0.70148.2%98.0%
$150.00Jul 31Aug 7$0.75153.7%99.0%
$145.00Jul 31Aug 7$0.82152.6%99.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 20 found (cheapest 12.42% of stock, avg 15.17%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$149.00Jul 31$11.38$7.55$18.93$130.07$167.9312.42%
$150.00Jul 31$10.83$8.38$19.21$130.79$169.2112.61%
$152.50Jul 31$9.85$9.73$19.58$132.92$172.0812.85%
$155.00Jul 31$8.38$11.20$19.58$135.42$174.5812.85%
$157.50Jul 31$7.55$12.75$20.30$137.20$177.8013.32%
$160.00Jul 31$6.43$14.23$20.66$139.34$180.6613.56%
$140.00Jul 31$16.88$3.99$20.87$119.13$160.8713.70%
$152.50Aug 7$11.00$10.85$21.85$130.65$174.3514.34%
$143.00Aug 7$15.73$6.40$22.13$120.87$165.1314.52%
$160.00Aug 7$7.50$14.85$22.35$137.65$182.3514.67%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 94 found (cheapest 3.50% of stock, avg 9.73%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$180.00$125.00Aug 14$2.79$2.54$5.33$119.67$185.33
$175.00$125.00Aug 14$4.13$2.54$6.67$118.33$181.67
$180.00$125.00Aug 28$5.00$2.55$7.55$117.45$187.55
$180.00$140.00Aug 14$2.79$5.75$8.54$131.46$188.54
$165.00$125.00Aug 14$6.60$2.54$9.14$115.86$174.14
$180.00$142.00Aug 14$2.79$6.43$9.22$132.78$189.22
$175.00$140.00Aug 14$4.13$5.75$9.88$130.12$184.88
$180.00$143.00Aug 14$2.79$7.23$10.02$132.98$190.02
$175.00$142.00Aug 14$4.13$6.43$10.56$131.44$185.56
$180.00$135.00Aug 28$5.00$5.57$10.57$124.43$190.57

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 211 found (best R:R 7.62, avg credit $2.58)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
150/155160/165Aug 21$4.42$0.587.62$150.58$164.42
125/135140/150Aug 28$8.80$1.207.33$126.20$148.80
150/152160/162Aug 7$2.14$0.365.94$150.36$162.14
140/141152/155Jul 31$2.13$0.375.76$138.87$154.63
122/125127/135Jul 31$6.80$1.205.67$118.20$133.80
140/143158/160Aug 7$2.55$0.455.67$140.45$160.05
147/150158/160Aug 7$2.55$0.455.67$147.45$160.05
138/139149/150Jul 31$0.84$0.165.25$138.16$149.84
145/146158/160Aug 7$2.10$0.405.25$143.90$159.60
145/150160/165Aug 21$4.13$0.874.75$145.87$164.13

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 18 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$152.50$155.00$157.50Aug 7$0.05$2.4549.00
$155.00$160.00$165.00Aug 14$0.13$4.8737.46
$165.00$167.50$170.00Aug 21$0.09$2.4126.78
$157.50$160.00$162.50Jul 31$0.24$2.269.42
$167.50$170.00$172.50Jul 31$0.28$2.227.93
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$152.50$155.00$157.50Jul 31$0.08$2.4230.25
$150.00$152.50$155.00Jul 31$0.12$2.3819.83
$145.00$150.00$155.00Aug 21$0.29$4.7116.24
$145.00$147.00$149.00Jul 31$0.13$1.8714.38
$130.00$135.00$140.00Aug 21$0.73$4.275.85

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 31 found (best net $-4.88, 26 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$135.00$150.001:2Aug 21-$4.88$10.12
$165.00$175.001:2Aug 14-$1.66$8.34
$170.00$180.001:2Aug 21-$2.20$7.80
$175.00$182.501:2Aug 7-$0.84$6.66
$175.00$180.001:2Aug 14-$1.45$3.55
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$130.00$125.001:2Aug 21-$0.99$4.01
$130.00$125.001:2Aug 7-$1.38$3.62
$140.00$135.001:2Aug 7-$1.52$3.48
$130.00$125.001:2Sep 4-$1.97$3.03
$134.00$130.001:2Aug 7-$1.12$2.88

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 37 found (best yield 7.51%, avg 3.89%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$152.50Aug 21$11.450.530.1%7.51%7.59%13
$155.00Aug 28$10.950.521.7%7.19%8.91%104
$152.50Aug 14$10.600.530.1%6.96%7.04%4--
$155.00Aug 21$10.250.501.7%6.73%8.45%4221
$152.50Aug 7$9.950.540.1%6.53%6.61%2127
$155.00Aug 14$9.500.501.7%6.23%7.95%126
$157.50Aug 21$9.250.473.4%6.07%9.43%1--
$152.50Jul 31$9.050.530.1%5.94%6.02%99640
$155.00Aug 7$8.800.501.7%5.78%7.49%1357
$160.00Aug 21$8.600.445.0%5.64%10.64%11782

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 4,224
Total Puts 3,743
Put/Call Ratio 0.89
Net Difference 481

Prior's Put/Call Breakdown

Total Calls 2,528
Total Puts 6,023
Put/Call Ratio 2.38
Net Difference -3,495

Prior 7-Day Put/Call Summary

Total Calls 42,519
Total Puts 31,241
Average Put/Call Ratio 0.89
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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