Tour v381
LNC
LINCOLN NATL CORP IN
$41.82 +0.50%
$41.60 (-0.53%)🌙
as of 07/21 06:45 PM
7/21 18:45

Option Volume

Detail
Current (07/21) 1,462
Calls: 296 (20%)
Puts: 1,166 (80%)
Prior (07/20) 1,106
Calls: 565 (51%)
Puts: 541 (49%)
Current vs Prior +32.19%
Calls: -47.61% (Calls)
Puts: +115.53% (Puts)
Prior 7-Day Total 12,354
Calls: 8,253 (67%)
Puts: 4,101 (33%)
Prior 7-Day Average 1,764
Calls: 1,179 (67%)
Puts: 585 (33%)
Current vs Prior 7-Day Avg -17.16%
Calls: -74.89%
Puts: +99.02%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/21) $465.1K
Calls: $73.3K (16%)
Puts: $391.8K (84%)
Prior (07/20) $356.3K
Calls: $277.8K (78%)
Puts: $78.5K (22%)
Current vs Prior +30.54%
Calls: -73.61%
Puts: +399.20%
Prior 7-Day Total $3.30M
Calls: $2.79M (84%)
Puts: $514.7K (16%)
Prior 7-Day Average $471.4K
Calls: $397.9K (84%)
Puts: $73.5K (16%)
Current vs Prior 7-Day Avg -1.34%
Calls: -81.57%
Puts: +432.79%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/21) 3.94
Prior (07/20) 0.96
Current vs Prior +311.39%
Prior 7-Day Average 0.70
Current vs Prior 7-Day Avg +463.21%
Sentiment BEARISH

Open Interest

Detail
Current (07/21) 10,833
Calls: 8,124 (75%)
Puts: 2,709 (25%)
Prior (07/20) 17,369
Calls: 10,434 (60%)
Puts: 6,935 (40%)
Current vs Prior -37.63%
Prior 7-Day Total 121,428
Calls: 92,811 (76%)
Puts: 28,617 (24%)
Prior 7-Day Average 17,346
Calls: 13,258 (76%)
Puts: 4,088 (24%)
Current vs Prior 7-Day Avg -37.55%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 8.92% | 11.26%
Prior 8.96% | 11.25%
Current vs Prior -0.50% | +0.14%
Prior 7-Day Avg 5.05% | 10.30%
Current vs 7-Day Avg +76.70% | +9.30%
Prior 7-Day Eod 8.96% | 11.25%
Current vs 7-Day Eod -0.50% | +0.14%
Sentiment BULLISH

Relative Spread

Detail
Expiry | Next
Current 38.72% | 17.69%
Calls: 52.08% | 21.43%
Puts: 25.36% | 13.95%
Prior 38.72% | 17.69%
Calls: 52.08% | 21.43%
Puts: 25.36% | 13.95%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 38.72% | 17.69%
Calls: 52.08% | 21.43%
Puts: 25.36% | 13.95%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Strong bearish conviction with 84% of dollar volume in puts ($391.8K) vs calls ($73.3K). Extreme bearish P/C ratio of 3.94 - heavy put buying. P/C ratio rising 311% - increased hedging/bearish positioning. Call-heavy open interest (8,124 calls vs 2,709 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
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 7.5%, best 6.1%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.50Aug 214.805.10$4.956.1%20.83125
$40.00Aug 212.903.10$3.006.7%220.66865
$42.50Aug 211.451.60$1.539.8%460.46752
PUTS (0)
No puts meet the criteria

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. 4 found (avg delta 0.69, highest 0.83)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.50Aug 214.805.10$4.956.1%20.83125
$40.00Aug 212.903.10$3.006.7%220.66865
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 213.604.00$3.8010.5%100.73--
$42.50Aug 212.002.40$2.2018.2%100.54--

Most actively traded options today. High liquidity = easy entry/exit. 13 active (total vol 267, top 69)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Aug 211.451.60$1.539.8%460.46752
$40.00Aug 212.903.10$3.006.7%220.66865
$47.50Aug 210.200.50$0.3585.7%60.15--
$45.00Aug 210.600.85$0.7334.2%40.27--
$37.50Aug 214.805.10$4.956.1%20.83125
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.50Aug 210.400.55$0.4831.3%690.17279
$40.00Aug 211.001.30$1.1526.1%540.34435
$30.00Aug 210.000.15$0.08187.5%280.03--
$42.50Aug 212.002.40$2.2018.2%100.54--
$45.00Aug 213.604.00$3.8010.5%100.73--

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

No setups found for this strategy

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 9 found (best R:R 19.83, avg 6.49)

BULL CALL (4)
BuySellExpiryDebitMax GainMax LossR:RBE
$47.50$50.00Aug 21$0.15$2.35$0.1515.67$47.65
$45.00$47.50Aug 21$0.38$2.12$0.385.58$45.38
$42.50$45.00Aug 21$0.80$1.70$0.802.12$43.30
$40.00$42.50Aug 21$1.47$1.03$1.470.70$41.47
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$35.00$32.50Aug 21$0.12$2.38$0.1219.83$34.88
$37.50$35.00Aug 21$0.23$2.27$0.239.87$37.27
$40.00$37.50Aug 21$0.67$1.83$0.672.73$39.33
$42.50$40.00Aug 21$1.05$1.45$1.051.38$41.45
$45.00$42.50Aug 21$1.60$0.90$1.600.56$43.40

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 10 found (best R:R 3.55, avg 0.87)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$37.50$40.00Aug 21$1.95$1.95$0.553.55$39.45
$40.00$42.50Aug 21$1.47$1.47$1.031.43$41.47
$42.50$45.00Aug 21$0.80$0.80$1.700.47$43.30
$45.00$47.50Aug 21$0.38$0.38$2.120.18$45.38
$47.50$50.00Aug 21$0.15$0.15$2.350.06$47.65
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$45.00$42.50Aug 21$1.60$1.60$0.901.78$43.40
$42.50$40.00Aug 21$1.05$1.05$1.450.72$41.45
$40.00$37.50Aug 21$0.67$0.67$1.830.37$39.33
$37.50$35.00Aug 21$0.23$0.23$2.270.10$37.27
$35.00$32.50Aug 21$0.12$0.12$2.380.05$34.88

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 4 found (cheapest 8.92% of stock, avg 10.66%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$42.50Aug 21$1.53$2.20$3.73$38.77$46.238.92%
$40.00Aug 21$3.00$1.15$4.15$35.85$44.159.92%
$45.00Aug 21$0.73$3.80$4.53$40.47$49.5310.83%
$37.50Aug 21$4.95$0.48$5.43$32.07$42.9312.98%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 12 found (cheapest 1.08% of stock, avg 3.18%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$50.00$35.00Aug 21$0.20$0.25$0.45$34.55$50.45
$47.50$35.00Aug 21$0.35$0.25$0.60$34.40$48.10
$50.00$37.50Aug 21$0.20$0.48$0.68$36.82$50.68
$47.50$37.50Aug 21$0.35$0.48$0.83$36.67$48.33
$45.00$35.00Aug 21$0.73$0.25$0.98$34.02$45.98
$45.00$37.50Aug 21$0.73$0.48$1.21$36.29$46.21
$50.00$40.00Aug 21$0.20$1.15$1.35$38.65$51.35
$47.50$40.00Aug 21$0.35$1.15$1.50$38.50$49.00
$42.50$35.00Aug 21$1.53$0.25$1.78$33.22$44.28
$45.00$40.00Aug 21$0.73$1.15$1.88$38.12$46.88

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 15 found (best R:R 4.81, avg credit $1.12)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
32/3538/40Aug 21$2.07$0.434.81$32.93$39.57
42/4548/50Aug 21$1.75$0.752.33$43.25$49.25
35/3840/42Aug 21$1.70$0.802.12$35.80$41.70
32/3540/42Aug 21$1.59$0.911.75$33.41$41.59
38/4042/45Aug 21$1.47$1.031.43$38.53$43.97
40/4245/48Aug 21$1.43$1.071.34$41.07$46.43
40/4248/50Aug 21$1.20$1.300.92$41.30$48.70
38/4045/48Aug 21$1.05$1.450.72$38.95$46.05
35/3842/45Aug 21$1.03$1.470.70$36.47$43.53
32/3542/45Aug 21$0.92$1.580.58$34.08$43.42

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 9 found (best R:R 34.71, cheapest $0.07)

CALLS (4)
LowMidHighExpiryDebitMax GainR:R
$45.00$47.50$50.00Aug 21$0.23$2.279.87
$42.50$45.00$47.50Aug 21$0.42$2.084.95
$37.50$40.00$42.50Aug 21$0.48$2.024.21
$40.00$42.50$45.00Aug 21$0.67$1.832.73
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$30.00$32.50$35.00Aug 21$0.07$2.4334.71
$32.50$35.00$37.50Aug 21$0.11$2.3921.73
$37.50$40.00$42.50Aug 21$0.38$2.125.58
$35.00$37.50$40.00Aug 21$0.44$2.064.68
$40.00$42.50$45.00Aug 21$0.55$1.953.55

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 11 found (best net $-0.01, 8 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.50$50.001:2Aug 21-$0.05$2.45
$40.00$42.501:2Aug 21-$0.06$2.44
$37.50$40.001:2Aug 21-$1.05$1.45
$45.00$47.501:2Aug 21$0.03$2.47
$42.50$45.001:2Aug 21$0.07$2.43
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$35.00$32.501:2Aug 21-$0.01$2.49
$37.50$35.001:2Aug 21-$0.02$2.48
$32.50$30.001:2Aug 21-$0.03$2.47
$42.50$40.001:2Aug 21-$0.10$2.40
$45.00$42.501:2Aug 21-$0.60$1.90

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 3 found (best yield 3.47%, avg 1.79%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$42.50Aug 21$1.450.461.6%3.47%5.09%46752
$45.00Aug 21$0.600.277.6%1.43%9.04%4--
$47.50Aug 21$0.200.1513.6%0.48%14.06%6--

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 296
Total Puts 1,166
Put/Call Ratio 3.94
Net Difference -870

Prior's Put/Call Breakdown

Total Calls 565
Total Puts 541
Put/Call Ratio 0.96
Net Difference 24

Prior 7-Day Put/Call Summary

Total Calls 8,253
Total Puts 4,101
Average Put/Call Ratio 0.70
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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