Tour v526
ISRG
INTUITIVE SURGICAL I
$366.70 -0.85%
$366.38 (-0.09%)🌙
as of 09/04 06:37 PM
9/4 18:37

Option Volume

Detail
Current (09/04) 4,648
Calls: 1,801 (39%)
Puts: 2,847 (61%)
Prior (09/03) 7,006
Calls: 2,334 (33%)
Puts: 4,672 (67%)
Current vs Prior -33.66%
Calls: -22.84% (Calls)
Puts: -39.06% (Puts)
Prior 7-Day Total 35,061
Calls: 14,986 (43%)
Puts: 20,075 (57%)
Prior 7-Day Average 5,008
Calls: 2,140 (43%)
Puts: 2,867 (57%)
Current vs Prior 7-Day Avg -7.20%
Calls: -15.87%
Puts: -0.73%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/04) $19.57M
Calls: $1.82M (9%)
Puts: $17.76M (91%)
Prior (09/03) $43.58M
Calls: $2.48M (6%)
Puts: $41.10M (94%)
Current vs Prior -55.09%
Calls: -26.74%
Puts: -56.80%
Prior 7-Day Total $165.71M
Calls: $21.93M (13%)
Puts: $143.78M (87%)
Prior 7-Day Average $23.67M
Calls: $3.13M (13%)
Puts: $20.54M (87%)
Current vs Prior 7-Day Avg -17.31%
Calls: -41.94%
Puts: -13.55%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (09/04) 1.58
Prior (09/03) 2.00
Current vs Prior -21.03%
Prior 7-Day Average 1.52
Current vs Prior 7-Day Avg +3.89%
Sentiment BEARISH

Open Interest

Detail
Current (09/04) 49,857
Calls: 27,832 (56%)
Puts: 22,025 (44%)
Prior (09/03) 41,915
Calls: 23,969 (57%)
Puts: 17,946 (43%)
Current vs Prior +18.95%
Prior 7-Day Total 298,246
Calls: 156,750 (53%)
Puts: 141,496 (47%)
Prior 7-Day Average 42,606
Calls: 22,392 (53%)
Puts: 20,213 (47%)
Current vs Prior 7-Day Avg +17.02%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 1.64% | 4.04%5.37% | 9.59%
Prior 2.12% | 3.37%5.45% | 9.92%
Current vs Prior +90.14% | +59.58%-1.40% | -3.41%
Prior 7-Day Avg 2.79% | 4.43%6.34% | 10.53%
Current vs 7-Day Avg +44.84% | +21.32%-15.28% | -9.00%
Prior 7-Day Eod 2.12% | 3.37%5.45% | 9.92%
Current vs 7-Day Eod +90.14% | +59.58%-1.40% | -3.41%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 85.44% | 20.57%
Calls: 123.81% | 14.71%
Puts: 47.06% | 26.42%
Prior 85.44% | 20.57%
Calls: 123.81% | 14.71%
Puts: 47.06% | 26.42%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 85.44% | 20.57%
Calls: 123.81% | 14.71%
Puts: 47.06% | 26.42%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Strong bearish conviction with 91% of dollar volume in puts ($17.76M) vs calls ($1.82M). Light premium activity with dollar volume down 55% vs prior. Extreme bearish P/C ratio of 1.58 - heavy put buying. P/C ratio dropping 21% - sentiment shifting bullish.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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 3 of results (avg 7.2%, best 4.9%)

CALLS (0)
No calls meet the criteria
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$440.00Sep 1871.8075.40$73.604.9%801.00--
$420.00Sep 1852.0055.80$53.907.1%10.98--
$430.00Sep 2561.1067.20$64.159.5%10.861

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. 54 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Sep 413.7020.10$16.9037.9%11.0010
$352.50Sep 410.6018.30$14.4553.3%11.00--
$362.50Sep 41.458.60$5.02142.4%80.9617
$360.00Sep 42.509.70$6.10118.0%270.9624
$365.00Sep 41.007.60$4.30153.5%410.94209
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$370.00Sep 40.808.50$4.65165.6%141.0060
$372.50Sep 42.809.20$6.00106.7%141.0018
$375.00Sep 45.6012.70$9.1577.6%161.0095
$380.00Sep 49.2017.30$13.2561.1%31.0030
$385.00Sep 414.2022.60$18.4045.7%11.00--

Most actively traded options today. High liquidity = easy entry/exit. 194 active (total vol 2.7K, top 111)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$365.00Sep 115.5011.30$8.4069.0%760.5820
$370.00Oct 1613.9017.00$15.4520.1%680.49139
$390.00Oct 167.009.10$8.0526.1%640.32232
$400.00Sep 180.901.60$1.2556.0%600.111.1K
$405.00Sep 180.451.20$0.8390.4%490.08174
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$365.00Sep 114.205.70$4.9530.3%1110.4230
$350.00Sep 110.701.35$1.0263.7%990.12123
$345.00Oct 165.807.70$6.7528.1%890.27102
$440.00Sep 1871.8075.40$73.604.9%801.00--
$357.50Sep 110.158.00$4.08192.4%610.3023

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 1757.3%, max 4794.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$420.00Sep 4Oct 161732.0%35.4%4794.2%48368
$355.00Sep 4Oct 16896.7%30.7%2818.4%2249
$377.50Sep 4Sep 18700.1%30.5%2197.6%28486
$367.50Sep 4Sep 11194.9%32.7%495.5%5624
$375.00Sep 4Oct 16209.5%38.5%444.5%9433
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$345.00Sep 4Oct 161191.7%31.6%3668.4%90102
$355.00Sep 4Oct 16896.7%30.7%2818.4%37201
$377.50Sep 4Sep 11700.1%41.7%1580.5%741
$357.50Sep 4Sep 11584.0%41.6%1305.3%6855
$367.50Sep 4Sep 18194.9%34.0%472.4%5951

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 102 found (best R:R 24.00, avg 8.41)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$380.00$390.00Oct 2$0.40$9.60$0.4036%24.00$380.40
$365.00$370.00Sep 25$0.75$4.25$0.7557%5.67$365.75
$362.50$365.00Sep 4$0.72$1.78$0.7296%2.47$363.22
$360.00$365.00Sep 11$1.65$3.35$1.6572%2.03$361.65
$360.00$362.50Sep 4$1.08$1.42$1.0896%1.31$361.08
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$360.00$355.00Sep 25$0.25$4.75$0.2536%19.00$359.75
$372.50$370.00Sep 4$1.35$1.15$1.35100%0.85$371.15
$365.00$360.00Oct 9$1.05$3.95$1.0546%3.76$363.95
$377.50$375.00Sep 11$0.95$1.55$0.9567%1.63$376.55
$380.00$377.50Sep 4$1.55$0.95$1.55100%0.61$378.45

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 84 found (best R:R 0.75, avg 0.55)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$390.00$400.00Oct 2$4.30$4.30$5.7071%0.75$394.30
$370.00$375.00Sep 25$3.70$3.70$1.3051%2.85$373.70
$395.00$400.00Oct 16$2.50$2.50$2.5070%1.00$397.50
$375.00$380.00Oct 2$2.90$2.90$2.1057%1.38$377.90
$400.00$405.00Sep 25$1.51$1.51$3.4983%0.43$401.51
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$355.00$345.00Sep 25$3.85$3.85$6.1568%0.63$351.15
$357.50$355.00Sep 11$2.28$2.28$0.2270%10.36$355.22
$347.50$345.00Sep 18$2.02$2.02$0.4878%4.21$345.48
$360.00$355.00Sep 18$2.95$2.95$2.0564%1.44$357.05
$360.00$345.00Oct 9$5.80$5.80$9.2060%0.63$354.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $2.86, cheapest $0.20)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$377.50Sep 4Sep 11$0.20700.1%41.7%
$367.50Sep 4Sep 11$4.05194.9%32.7%
$370.00Sep 4Sep 11$4.2061.6%27.1%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$377.50Sep 4Sep 11$1.20700.1%41.7%
$367.50Sep 4Sep 11$4.67194.9%32.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 45 found (cheapest 1.21% of stock, avg 5.43%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$365.00Sep 4$4.30$0.13$4.43$360.57$369.431.21%
$367.50Sep 4$3.10$1.73$4.83$362.67$372.331.32%
$370.00Sep 4$0.35$4.65$5.00$365.00$375.001.36%
$362.50Sep 4$5.02$0.08$5.10$357.40$367.601.39%
$360.00Sep 4$6.10$0.10$6.20$353.80$366.201.69%
$372.50Sep 4$0.63$6.00$6.63$365.87$379.131.81%
$375.00Sep 4$0.50$9.15$9.65$365.35$384.652.63%
$370.00Sep 11$4.55$6.25$10.80$359.20$380.802.95%
$360.00Sep 11$10.05$2.73$12.78$347.22$372.783.49%
$380.00Sep 4$0.03$13.25$13.28$366.72$393.283.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 0.13% of stock, avg 3.51%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$370.00$365.00Sep 4$0.35$0.13$0.48$364.52$370.48
$372.50$365.00Sep 4$0.63$0.13$0.76$364.24$373.26
$370.00$357.50Sep 4$0.35$2.20$2.55$354.95$372.55
$372.50$357.50Sep 4$0.63$2.20$2.83$354.67$375.33
$400.00$335.00Oct 2$1.90$1.98$3.88$331.12$403.88
$387.50$365.00Sep 4$3.60$0.13$3.73$361.27$391.23
$380.00$360.00Sep 11$1.63$2.73$4.36$355.64$384.36
$370.00$355.00Sep 4$0.35$4.30$4.65$350.35$374.65
$420.00$365.00Sep 4$4.40$0.13$4.53$360.47$424.53
$372.50$345.00Sep 4$0.63$4.20$4.83$340.17$377.33

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 148 found (best R:R 7.33, avg credit $1.65)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
335/340395/400Oct 16$4.40$0.6046%7.33$335.60$399.40
315/320395/400Oct 16$3.38$1.6259%2.09$316.62$398.38
335/340405/410Oct 16$3.55$1.4554%2.45$336.45$408.55
345/350395/400Oct 16$3.95$1.0539%3.76$346.05$398.95
315/320405/410Oct 16$2.53$2.4766%1.02$317.47$407.53
320/325395/400Oct 16$3.00$2.0057%1.50$322.00$398.00
330/335395/400Oct 16$3.27$1.7351%1.89$331.73$398.27
345/348400/405Sep 18$2.44$2.5667%0.95$345.06$402.44
325/330395/400Oct 16$3.10$1.9054%1.63$326.90$398.10
335/340390/400Oct 2$5.40$4.6054%1.17$334.60$395.40

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 57 found (best R:R 0.89, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$350.00$352.50$355.00Sep 4$0.05$2.4526%49.00
$420.00$425.00$430.00Oct 16$0.08$4.925%61.50
$410.00$415.00$420.00Oct 16$0.22$4.784%21.73
$382.50$385.00$387.50Sep 18$0.28$2.226%7.93
$387.50$390.00$392.50Sep 11$0.25$2.254%9.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$365.00$367.50$370.00Sep 4$1.32$1.1889%0.89
$345.00$350.00$355.00Oct 16$0.20$4.809%24.00
$345.00$347.50$350.00Sep 11$0.05$2.455%49.00
$320.00$325.00$330.00Oct 16$0.10$4.905%49.00
$360.00$362.50$365.00Sep 4$0.07$2.436%34.71

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 103 found (best net $-7.60, 80 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$355.00$360.001:2Sep 4-$0.15$4.85
$355.00$365.001:2Sep 18-$3.05$6.95
$400.00$410.001:2Oct 9-$1.02$8.98
$370.00$375.001:2Sep 11-$1.35$3.65
$400.00$425.001:2Sep 11-$0.03$24.97
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$420.00$395.001:2Sep 18-$7.60$17.40
$430.00$405.001:2Sep 25-$15.55$9.45
$360.00$355.001:2Sep 18-$0.25$4.75
$385.00$370.001:2Oct 16-$7.90$7.10
$380.00$370.001:2Sep 25-$5.75$4.25

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 51 found (best yield 3.60%, avg 0.98%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$375.00Oct 16$13.200.462.3%3.60%5.86%1154
$370.00Oct 16$13.900.490.9%3.79%4.69%68139
$390.00Oct 16$7.000.326.3%1.91%8.26%64232
$395.00Oct 16$5.900.307.7%1.61%9.33%1--
$400.00Oct 16$5.400.259.1%1.47%10.55%33330
$405.00Oct 16$4.500.2310.4%1.23%11.67%6345
$380.00Oct 16$7.300.393.6%1.99%5.62%9292
$370.00Oct 9$10.700.490.9%2.92%3.82%1--
$385.00Oct 16$5.700.345.0%1.55%6.54%3722
$375.00Oct 9$7.900.432.3%2.15%4.42%1--

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 1,801
Total Puts 2,847
Put/Call Ratio 1.58
Net Difference -1,046

Prior's Put/Call Breakdown

Total Calls 2,334
Total Puts 4,672
Put/Call Ratio 2.00
Net Difference -2,338

Prior 7-Day Put/Call Summary

Total Calls 14,986
Total Puts 20,075
Average Put/Call Ratio 1.52
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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