Tour v388
IP
INTERNTNL PAPER CO
$38.09 +4.79%
$38.75 (+1.73%)🌙
as of 07/22 07:44 PM
(7/21 18:40) ◀
|
Wednesday, July 22, 2026 (7:44pm)
January 2026
|
▶ (7/23 18:42)
◀ 7/22 19:44 ▶

Option Volume

Detail
ℹ
Current (07/22) 1,856
Calls: 1,115 (60%)
Puts: 741 (40%)
Prior (07/21) 7,968
Calls: 737 (9%)
Puts: 7,231 (91%)
Current vs Prior -76.71%
Calls: +51.29% (Calls)
Puts: -89.75% (Puts)
Prior 7-Day Total 24,172
Calls: 9,408 (39%)
Puts: 14,764 (61%)
Prior 7-Day Average 3,453
Calls: 1,344 (39%)
Puts: 2,109 (61%)
Current vs Prior 7-Day Avg -46.25%
Calls: -17.04%
Puts: -64.87%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22) $236.9K
Calls: $172.1K (73%)
Puts: $64.8K (27%)
Prior (07/21) $1.54M
Calls: $107.9K (7%)
Puts: $1.44M (93%)
Current vs Prior -84.65%
Calls: +59.44%
Puts: -95.48%
Prior 7-Day Total $5.13M
Calls: $2.58M (50%)
Puts: $2.55M (50%)
Prior 7-Day Average $732.9K
Calls: $368.9K (50%)
Puts: $364.0K (50%)
Current vs Prior 7-Day Avg -67.68%
Calls: -53.36%
Puts: -82.19%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22) 0.66
Prior (07/21) 9.81
Current vs Prior -93.23%
Prior 7-Day Average 1.95
Current vs Prior 7-Day Avg -65.94%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/22) 14,268
Calls: 8,979 (63%)
Puts: 5,289 (37%)
Prior (07/21) 10,688
Calls: 5,299 (50%)
Puts: 5,389 (50%)
Current vs Prior +33.50%
Prior 7-Day Total 113,807
Calls: 60,921 (54%)
Puts: 52,886 (46%)
Prior 7-Day Average 16,258
Calls: 8,703 (54%)
Puts: 7,555 (46%)
Current vs Prior 7-Day Avg -12.24%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 4.73% | 9.66%13.13% | 14.65%
Prior 5.09% | 10.04%13.29% | 14.99%
Current vs Prior -7.15% | -3.78%-1.21% | -2.29%
Prior 7-Day Avg 5.11% | 8.21%6.88% | 13.17%
Current vs 7-Day Avg -7.47% | +17.71%+90.92% | +11.21%
Prior 7-Day Eod 5.09% | 10.04%13.29% | 14.99%
Current vs 7-Day Eod -7.15% | -3.78%-1.21% | -2.29%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 22.26% | 15.47%
Calls: 24.51% | 14.81%
Puts: 20.00% | 16.13%
Prior 22.26% | 15.47%
Calls: 24.51% | 14.81%
Puts: 20.00% | 16.13%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 22.26% | 15.47%
Calls: 24.51% | 14.81%
Puts: 20.00% | 16.13%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 73% call dollar volume ($172.1K). Light premium activity with dollar volume down 85% vs prior. Below-average activity with volume down 77% vs prior. Bullish P/C ratio of 0.66.

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 BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
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 7.5%, best 5.0%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 213.904.10$4.005.0%10.73--
$37.00Jul 241.301.40$1.357.4%320.75245
$32.00Jul 245.706.30$6.0010.0%60.97--
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.60, cheapest $0.55)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Jul 240.600.70$0.6515.4%550.53520
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Jul 240.500.60$0.5518.2%30.47549

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 19 found (avg delta 0.74, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$31.00Jul 246.607.30$6.9510.1%60.97--
$32.00Jul 245.706.30$6.0010.0%60.97--
$33.00Jul 244.505.30$4.9016.3%30.96--
$35.00Jul 242.553.30$2.9325.6%20.91--
$34.00Jul 243.504.40$3.9522.8%10.90--
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Jul 244.705.40$5.0513.9%601.001
$45.00Jul 246.608.00$7.3019.2%10.85--
$40.00Aug 72.803.10$2.9510.2%10.641

Most actively traded options today. High liquidity = easy entry/exit. 63 active (total vol 1.4K, top 465)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Jul 310.750.95$0.8523.5%2020.34200
$41.00Aug 210.901.25$1.0832.4%760.3134
$38.00Jul 240.600.70$0.6515.4%550.53520
$36.00Jul 241.602.45$2.0341.9%520.89--
$41.00Jul 240.000.20$0.10200.0%520.10--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.00Jul 240.200.30$0.2540.0%4650.25334
$43.00Jul 244.705.40$5.0513.9%601.001
$32.00Aug 70.200.55$0.3892.1%100.12--
$36.00Jul 240.050.15$0.10100.0%90.11450
$35.00Jul 310.450.60$0.5328.3%70.21375

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 40.0%, max 78.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$35.00Jul 24Aug 2188.1%52.3%68.3%3--
$41.00Jul 24Aug 2877.7%50.0%55.4%531
$42.00Jul 31Aug 2872.4%49.2%47.2%1196
$40.00Jul 24Aug 2869.7%50.1%39.2%59398
$43.00Jul 31Aug 2870.6%51.2%38.1%47--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$32.00Jul 24Aug 7134.4%75.2%78.7%124
$35.00Jul 24Aug 2888.1%51.6%70.7%4341
$31.00Jul 31Aug 1498.5%60.3%63.3%5--
$36.00Jul 24Aug 2865.4%50.0%30.7%10450
$37.00Jul 24Aug 2860.5%48.8%24.1%466334

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 36 found (best R:R 12.33, avg 2.75)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$42.00$43.00Aug 28$0.13$0.87$0.136.69$42.13
$43.00$44.00Aug 21$0.14$0.86$0.146.14$43.14
$41.00$42.00Aug 7$0.15$0.85$0.155.67$41.15
$42.00$43.00Jul 31$0.18$0.82$0.184.56$42.18
$42.00$43.00Aug 21$0.18$0.82$0.184.56$42.18
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$35.00$31.00Jul 31$0.30$3.70$0.3012.33$34.70
$37.00$36.00Jul 24$0.15$0.85$0.155.67$36.85
$35.00$33.00Aug 21$0.42$1.58$0.423.76$34.58
$36.00$35.00Jul 31$0.25$0.75$0.253.00$35.75
$38.00$37.00Jul 24$0.30$0.70$0.302.33$37.70

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 39 found (best R:R 9.00, avg 0.93)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$37.00$38.00Jul 24$0.70$0.70$0.302.33$37.70
$36.00$37.00Jul 24$0.68$0.68$0.322.12$36.68
$35.00$37.00Aug 21$1.27$1.27$0.731.74$36.27
$37.00$38.00Jul 31$0.63$0.63$0.371.70$37.63
$37.00$38.00Aug 28$0.63$0.63$0.371.70$37.63
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$43.00$38.00Jul 24$4.50$4.50$0.509.00$38.50
$37.50$37.00Aug 21$0.25$0.25$0.251.00$37.25
$38.00$37.50Aug 21$0.25$0.25$0.251.00$37.75
$38.00$37.00Aug 28$0.50$0.50$0.501.00$37.50
$37.00$36.00Aug 21$0.40$0.40$0.600.67$36.60

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $0.69, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.00Jul 31Aug 7$0.1272.4%59.5%
$43.00Jul 31Aug 21$0.2770.6%50.9%
$41.00Jul 24Aug 7$0.6577.7%56.8%
$40.00Jul 24Jul 31$0.6769.7%67.8%
$37.00Jul 24Jul 31$0.8860.5%68.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$31.00Jul 31Aug 14$0.0598.5%60.3%
$32.00Jul 24Aug 7$0.33134.4%75.2%
$35.00Jul 24Jul 31$0.4388.1%70.7%
$36.00Jul 24Jul 31$0.6865.4%69.0%
$37.00Jul 24Jul 31$0.8860.5%68.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 3.15% of stock, avg 9.85%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$38.00Jul 24$0.65$0.55$1.20$36.80$39.203.15%
$37.00Jul 24$1.35$0.25$1.60$35.40$38.604.20%
$36.00Jul 24$2.03$0.10$2.13$33.87$38.135.59%
$35.00Jul 24$2.93$0.10$3.03$31.97$38.037.95%
$37.00Jul 31$2.23$1.13$3.36$33.64$40.368.82%
$37.50Aug 21$2.42$2.10$4.52$32.98$42.0211.87%
$37.00Aug 21$2.73$1.85$4.58$32.42$41.5812.02%
$38.00Aug 28$2.25$2.53$4.78$33.22$42.7812.55%
$37.00Aug 28$2.88$2.03$4.91$32.09$41.9112.89%
$35.00Aug 21$4.00$1.10$5.10$29.90$40.1013.39%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 76 found (cheapest 0.53% of stock, avg 5.65%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$41.00$36.00Jul 24$0.10$0.10$0.20$35.80$41.20
$41.00$35.00Jul 24$0.10$0.10$0.20$34.80$41.20
$40.00$36.00Jul 24$0.18$0.10$0.28$35.72$40.28
$40.00$35.00Jul 24$0.18$0.10$0.28$34.72$40.28
$39.00$36.00Jul 24$0.25$0.10$0.35$35.65$39.35
$39.00$35.00Jul 24$0.25$0.10$0.35$34.65$39.35
$41.00$37.00Jul 24$0.10$0.25$0.35$36.65$41.35
$40.00$37.00Jul 24$0.18$0.25$0.43$36.57$40.43
$39.00$37.00Jul 24$0.25$0.25$0.50$36.50$39.50
$43.00$31.00Jul 31$0.30$0.23$0.53$30.47$43.53

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 60 found (best R:R 7.33, avg credit $0.69)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
35/3637/38Jul 31$0.88$0.127.33$35.12$37.88
36/3738/39Aug 28$0.85$0.155.67$36.15$38.85
37/3839/40Aug 28$0.85$0.155.67$37.15$39.85
36/3738/39Jul 31$0.80$0.204.00$36.20$38.80
37/3840/41Aug 28$0.80$0.204.00$37.20$40.80
36/3738/39Aug 21$1.17$0.333.55$35.83$38.67
36/3739/40Aug 21$0.78$0.223.55$36.22$39.78
35/3638/39Aug 28$0.78$0.223.55$35.22$38.78
37/3841/42Aug 28$0.77$0.233.35$37.23$41.77
36/3739/40Aug 28$0.75$0.253.00$36.25$39.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 20 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$39.00$40.00$41.00Aug 28$0.05$0.9519.00
$43.00$44.00$45.00Aug 21$0.06$0.9415.67
$38.00$39.00$40.00Aug 28$0.10$0.909.00
$34.00$35.00$36.00Jul 24$0.12$0.887.33
$41.00$42.00$43.00Aug 28$0.14$0.866.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$35.00$36.00$37.00Aug 21$0.05$0.9519.00
$35.00$36.00$37.00Aug 28$0.07$0.9313.29
$35.00$36.00$37.00Jul 31$0.10$0.909.00
$36.00$37.00$38.00Aug 28$0.10$0.909.00
$35.00$36.00$37.00Jul 24$0.15$0.855.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 33 found (best net $--, 26 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$40.00$42.001:2Jul 31-$0.11$1.89
$39.00$40.001:2Jul 24-$0.11$0.89
$42.00$43.001:2Jul 31-$0.12$0.88
$44.00$45.001:2Aug 21-$0.27$0.73
$43.00$44.001:2Aug 21-$0.29$0.71
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$35.00$32.001:2Jul 24$0.00$3.00
$35.00$33.001:2Aug 21-$0.26$1.74
$36.00$35.001:2Jul 24-$0.10$0.90
$36.00$35.001:2Jul 31-$0.28$0.72
$37.00$36.001:2Jul 31-$0.43$0.57

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 19 found (best yield 4.33%, avg 1.97%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$39.00Aug 28$1.650.442.4%4.33%6.72%2--
$39.00Aug 21$1.500.432.4%3.94%6.33%1--
$40.00Aug 28$1.300.385.0%3.41%8.43%830
$40.00Aug 21$1.150.365.0%3.02%8.03%21658
$39.00Jul 31$1.050.422.4%2.76%5.15%1762
$41.00Aug 28$1.000.327.6%2.63%10.27%11
$41.00Aug 21$0.900.317.6%2.36%10.00%7634
$40.00Jul 31$0.750.345.0%1.97%6.98%202200
$42.00Aug 28$0.750.2610.3%1.97%12.23%919
$41.00Aug 7$0.650.287.6%1.71%9.35%50--

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 1,115
Total Puts 741
Put/Call Ratio 0.66
Net Difference 374

Prior's Put/Call Breakdown

Total Calls 737
Total Puts 7,231
Put/Call Ratio 9.81
Net Difference -6,494

Prior 7-Day Put/Call Summary

Total Calls 9,408
Total Puts 14,764
Average Put/Call Ratio 1.95
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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