Tour v394
IP
INTERNTNL PAPER CO
$37.91 -0.47%
(7/22 19:44) ◀
|
Thursday, July 23, 2026 (6:42pm)
January 2026
|
▶ (7/24 02:47)
◀ 7/23 18:42 ▶

Option Volume

Detail
ℹ
Current (07/23) 983
Calls: 472 (48%)
Puts: 511 (52%)
Prior (07/22) 1,856
Calls: 1,115 (60%)
Puts: 741 (40%)
Current vs Prior -47.04%
Calls: -57.67% (Calls)
Puts: -31.04% (Puts)
Prior 7-Day Total 24,745
Calls: 10,206 (41%)
Puts: 14,539 (59%)
Prior 7-Day Average 3,535
Calls: 1,458 (41%)
Puts: 2,077 (59%)
Current vs Prior 7-Day Avg -72.19%
Calls: -67.63%
Puts: -75.40%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23) $395.6K
Calls: $215.3K (54%)
Puts: $180.3K (46%)
Prior (07/22) $236.9K
Calls: $172.1K (73%)
Puts: $64.8K (27%)
Current vs Prior +67.02%
Calls: +25.16%
Puts: +178.13%
Prior 7-Day Total $5.15M
Calls: $2.68M (52%)
Puts: $2.46M (48%)
Prior 7-Day Average $735.5K
Calls: $383.5K (52%)
Puts: $352.0K (48%)
Current vs Prior 7-Day Avg -46.21%
Calls: -43.85%
Puts: -48.78%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 1.08
Prior (07/22) 0.66
Current vs Prior +62.91%
Prior 7-Day Average 1.61
Current vs Prior 7-Day Avg -32.80%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23) 11,939
Calls: 7,298 (61%)
Puts: 4,641 (39%)
Prior (07/22) 14,268
Calls: 8,979 (63%)
Puts: 5,289 (37%)
Current vs Prior -16.32%
Prior 7-Day Total 112,857
Calls: 62,262 (55%)
Puts: 50,595 (45%)
Prior 7-Day Average 16,122
Calls: 8,894 (55%)
Puts: 7,227 (45%)
Current vs Prior 7-Day Avg -25.95%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.82% | 9.71%12.21% | 14.85%
Prior 4.73% | 9.66%13.13% | 14.65%
Current vs Prior -19.06% | +0.47%-6.96% | +1.38%
Prior 7-Day Avg 5.23% | 8.73%8.20% | 13.44%
Current vs 7-Day Avg -26.87% | +11.23%+48.96% | +10.50%
Prior 7-Day Eod 4.73% | 9.66%13.13% | 14.65%
Current vs 7-Day Eod -19.06% | +0.47%-6.96% | +1.38%
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

Elevated premium activity with dollar volume up 67% vs prior. Below-average activity with volume down 47% vs prior. Slightly bearish P/C ratio of 1.08. P/C ratio rising 63% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
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 -- 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. 21 found (avg delta 0.77, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Jul 242.553.30$2.9325.6%30.96--
$36.00Jul 241.452.25$1.8543.2%20.96--
$33.00Jul 244.305.10$4.7017.0%10.93--
$34.00Jul 243.404.20$3.8021.1%20.89--
$31.00Jul 246.207.40$6.8017.6%20.898
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Jul 244.905.60$5.2513.3%2700.9761
$41.00Jul 242.103.90$3.0060.0%10.961
$42.00Jul 243.304.60$3.9532.9%10.951
$44.00Jul 245.907.10$6.5018.5%40.93--
$45.00Jul 246.808.00$7.4016.2%20.86--

Most actively traded options today. High liquidity = easy entry/exit. 45 active (total vol 608, top 270)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 211.101.25$1.1812.7%640.35667
$37.00Jul 240.601.30$0.9573.7%240.77234
$38.00Jul 240.150.60$0.38118.4%190.46522
$40.00Jul 240.000.10$0.05200.0%170.08370
$40.00Jul 310.650.95$0.8037.5%160.33239
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Jul 244.905.60$5.2513.3%2700.9761
$37.00Jul 240.000.35$0.18194.4%840.23348
$36.00Jul 240.000.05$0.03166.7%140.05450
$35.00Jul 310.400.70$0.5554.5%130.22--
$38.00Jul 240.250.75$0.50100.0%100.54--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 50.0%, max 235.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$35.00Jul 24Aug 2188.8%52.2%70.2%4--
$43.00Jul 24Jul 31129.2%76.1%69.8%2--
$40.00Jul 24Aug 2175.8%49.8%52.2%811.0K
$41.00Jul 24Aug 788.0%61.6%42.9%2--
$37.00Jul 24Aug 1465.8%53.2%23.6%29234
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$33.00Jul 24Aug 28185.0%55.2%235.3%6--
$39.00Jul 24Jul 3186.8%68.4%26.8%2--
$34.00Jul 31Aug 780.0%65.2%22.7%39
$35.00Jul 24Jul 3188.8%75.3%17.9%14--
$37.00Jul 24Aug 765.8%57.1%15.1%94348

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 18 found (best R:R 9.00, avg 3.07)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$42.00$43.00Jul 31$0.10$0.90$0.109.00$42.10
$38.00$39.00Jul 24$0.13$0.87$0.136.69$38.13
$41.00$42.00Aug 7$0.17$0.83$0.174.88$41.17
$39.00$40.00Jul 24$0.20$0.80$0.204.00$39.20
$40.00$42.00Jul 31$0.40$1.60$0.404.00$40.40
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$37.00$36.00Jul 24$0.15$0.85$0.155.67$36.85
$35.00$34.00Jul 31$0.15$0.85$0.155.67$34.85
$37.00$34.00Aug 7$0.78$2.22$0.782.85$36.22
$38.00$37.00Jul 24$0.32$0.68$0.322.12$37.68
$38.00$35.00Jul 31$1.03$1.97$1.031.91$36.97

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 21 found (best R:R 7.00, avg 1.36)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$34.00$35.00Jul 24$0.87$0.87$0.136.69$34.87
$35.00$37.00Jul 31$1.30$1.30$0.701.86$36.30
$35.00$38.00Aug 21$1.82$1.82$1.181.54$36.82
$37.00$38.00Jul 24$0.57$0.57$0.431.33$37.57
$37.00$38.00Jul 31$0.55$0.55$0.451.22$37.55
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$41.00$39.00Jul 24$1.75$1.75$0.257.00$39.25
$39.00$38.00Jul 24$0.75$0.75$0.253.00$38.25
$39.00$38.00Jul 31$0.57$0.57$0.431.33$38.43
$38.00$35.00Jul 31$1.03$1.03$1.970.52$36.97
$38.00$37.00Jul 24$0.32$0.32$0.680.47$37.68

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $0.71, cheapest $0.15)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.00Jul 31Aug 7$0.2073.3%63.2%
$43.00Jul 24Jul 31$0.27129.2%76.1%
$35.00Jul 24Jul 31$0.4788.8%75.3%
$41.00Jul 24Aug 7$0.7488.0%61.6%
$40.00Jul 24Jul 31$0.7575.8%71.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$34.00Jul 31Aug 7$0.1580.0%65.2%
$35.00Jul 24Jul 31$0.5288.8%75.3%
$33.00Jul 24Aug 28$0.70185.0%55.2%
$39.00Jul 24Jul 31$0.9086.8%68.4%
$38.00Jul 24Jul 31$1.0857.4%70.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 10 found (cheapest 2.32% of stock, avg 7.53%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$38.00Jul 24$0.38$0.50$0.88$37.12$38.882.32%
$37.00Jul 24$0.95$0.18$1.13$35.87$38.132.98%
$39.00Jul 24$0.25$1.25$1.50$37.50$40.503.96%
$36.00Jul 24$1.85$0.03$1.88$34.12$37.884.96%
$35.00Jul 24$2.93$0.03$2.96$32.04$37.967.81%
$41.00Jul 24$0.03$3.00$3.03$37.97$44.037.99%
$38.00Jul 31$1.55$1.58$3.13$34.87$41.138.26%
$35.00Jul 31$3.40$0.55$3.95$31.05$38.9510.42%
$33.00Jul 24$4.70$0.10$4.80$28.20$37.8012.66%
$43.00Jul 24$0.03$5.25$5.28$37.72$48.2813.93%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 25 found (cheapest 0.21% of stock, avg 2.77%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$40.00$36.00Jul 24$0.05$0.03$0.08$35.92$40.08
$40.00$33.00Jul 24$0.05$0.10$0.15$32.85$40.15
$40.00$37.00Jul 24$0.05$0.18$0.23$36.77$40.23
$39.00$36.00Jul 24$0.25$0.03$0.28$35.72$39.28
$39.00$33.00Jul 24$0.25$0.10$0.35$32.65$39.35
$38.00$36.00Jul 24$0.38$0.03$0.41$35.59$38.41
$39.00$37.00Jul 24$0.25$0.18$0.43$36.57$39.43
$38.00$33.00Jul 24$0.38$0.10$0.48$32.52$38.48
$38.00$37.00Jul 24$0.38$0.18$0.56$36.44$38.56
$43.00$34.00Jul 31$0.30$0.40$0.70$33.30$43.70

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 13 found (best R:R 2.33, avg credit $0.80)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
34/3537/38Jul 31$0.70$0.302.33$34.30$37.70
38/3942/43Jul 31$0.67$0.332.03$38.33$42.67
34/3738/41Aug 7$1.76$1.241.42$35.24$39.76
37/3839/40Jul 24$0.52$0.481.08$37.48$39.52
38/3940/42Jul 31$0.97$1.030.94$38.03$40.97
35/3840/42Jul 31$1.43$1.570.91$36.57$41.43
34/3538/40Jul 31$0.90$1.100.82$34.10$38.90
35/3842/43Jul 31$1.13$1.870.60$36.87$43.13
36/3739/40Jul 24$0.35$0.650.54$36.65$39.35
34/3741/42Aug 7$0.95$2.050.46$36.05$41.95

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 9 found (best R:R 5.67, cheapest $0.15)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$38.00$40.00$42.00Jul 31$0.35$1.654.71
$35.00$36.00$37.00Jul 24$0.18$0.824.56
$39.00$40.00$41.00Jul 24$0.18$0.824.56
$36.00$37.00$38.00Jul 24$0.33$0.672.03
$37.00$38.00$39.00Jul 24$0.44$0.561.27
PUTS (4)
LowMidHighExpiryDebitMax GainR:R
$35.00$36.00$37.00Jul 24$0.15$0.855.67
$36.00$37.00$38.00Jul 24$0.17$0.834.88
$41.00$42.00$43.00Jul 24$0.35$0.651.86
$37.00$38.00$39.00Jul 24$0.43$0.571.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 21 found (best net $-0.26, 12 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$35.00$38.001:2Aug 21-$0.26$2.74
$40.00$42.001:2Jul 31$0.00$2.00
$41.00$43.001:2Jul 24-$0.03$1.97
$38.00$40.001:2Jul 31-$0.05$1.95
$38.00$40.001:2Aug 21-$0.28$1.72
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$35.00$33.001:2Jul 24-$0.17$1.83
$35.00$34.001:2Jul 31-$0.25$0.75
$37.00$34.001:2Aug 7$0.23$2.77
$38.00$35.001:2Jul 31$0.48$2.52
$41.00$39.001:2Jul 24$0.50$1.50

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 11 found (best yield 4.88%, avg 2.03%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$38.00Aug 21$1.850.500.2%4.88%5.12%113
$38.00Aug 7$1.600.510.2%4.22%4.46%1--
$38.00Jul 31$1.400.520.2%3.69%3.93%6--
$40.00Aug 21$1.100.355.5%2.90%8.41%64667
$40.00Jul 31$0.650.335.5%1.71%7.23%16239
$41.00Aug 7$0.600.288.2%1.58%9.73%1--
$42.00Aug 7$0.450.2310.8%1.19%11.98%5--
$42.00Jul 31$0.300.1910.8%0.79%11.58%379
$43.00Jul 31$0.200.1413.4%0.53%13.95%1--
$38.00Jul 24$0.150.460.2%0.40%0.63%19522

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 472
Total Puts 511
Put/Call Ratio 1.08
Net Difference -39

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 10,206
Total Puts 14,539
Average Put/Call Ratio 1.61
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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