Tour v528
NOC
NORTHROP GRUMMAN COR
$526.47 +0.47%
9/18 15:17

Option Volume

Detail
Current (09/18) 1,214
Calls: 427 (35%)
Puts: 787 (65%)
Prior (09/17) 2,025
Calls: 561 (28%)
Puts: 1,464 (72%)
Current vs Prior -40.05%
Calls: -23.89% (Calls)
Puts: -46.24% (Puts)
Prior 7-Day Total 8,297
Calls: 4,390 (53%)
Puts: 3,907 (47%)
Prior 7-Day Average 1,185
Calls: 627 (53%)
Puts: 558 (47%)
Current vs Prior 7-Day Avg +2.42%
Calls: -31.91%
Puts: +41.00%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/18) $5.93M
Calls: $484.4K (8%)
Puts: $5.45M (92%)
Prior (09/17) $13.73M
Calls: $663.9K (5%)
Puts: $13.07M (95%)
Current vs Prior -56.80%
Calls: -27.04%
Puts: -58.31%
Prior 7-Day Total $23.11M
Calls: $4.88M (21%)
Puts: $18.23M (79%)
Prior 7-Day Average $3.30M
Calls: $697.1K (21%)
Puts: $2.60M (79%)
Current vs Prior 7-Day Avg +79.75%
Calls: -30.52%
Puts: +109.27%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (09/18) 1.84
Prior (09/17) 2.61
Current vs Prior -29.37%
Prior 7-Day Average 0.94
Current vs Prior 7-Day Avg +97.04%
Sentiment BEARISH

Open Interest

Detail
Current (09/18) 32,518
Calls: 15,590 (48%)
Puts: 16,928 (52%)
Prior (09/17) 32,536
Calls: 15,570 (48%)
Puts: 16,966 (52%)
Current vs Prior -0.06%
Prior 7-Day Total 218,936
Calls: 103,864 (47%)
Puts: 115,072 (53%)
Prior 7-Day Average 31,276
Calls: 14,837 (47%)
Puts: 16,438 (53%)
Current vs Prior 7-Day Avg +3.97%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/18) | Next (10/16)Expiry (09/18) | Next (10/16)
Current 1.53% | 6.37%1.53% | 6.37%
Prior 2.19% | 7.09%2.19% | 7.09%
Current vs Prior -29.76% | -10.11%-29.76% | -10.11%
Prior 7-Day Avg 3.26% | 7.50%3.26% | 7.50%
Current vs 7-Day Avg -52.95% | -14.98%-52.95% | -14.98%
Prior 7-Day Eod 2.19% | 7.09%2.19% | 7.09%
Current vs 7-Day Eod -29.76% | -10.11%-29.76% | -10.11%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 166.94% | 22.46%
Calls: 228.21% | 29.09%
Puts: 105.66% | 15.84%
Prior 42.27% | 23.26%
Calls: 34.92% | 15.55%
Puts: 49.62% | 30.97%
Current vs Prior +294.94% | -3.44%
Prior 7-Day Avg 33.80% | 20.00%
Calls: 35.97% | 16.72%
Puts: 31.62% | 23.28%
Current vs 7-Day Avg +393.95% | +12.29%
Liquidity Expensive
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🤖 AI Insights

Strong bearish conviction with 92% of dollar volume in puts ($5.45M) vs calls ($484.4K). Light premium activity with dollar volume down 57% vs prior. Dollar volume significantly above 7-day average (80% higher). Below-average activity with volume down 40% vs prior.

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 NEUTRAL
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 4 of results (avg 8.8%, best 7.6%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Sep 1854.5058.80$56.657.6%11.00--
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$570.00Sep 1841.8045.60$43.708.7%10.993
$575.00Sep 1846.2050.60$48.409.1%--0.9211
$580.00Sep 1852.0057.40$54.709.9%--0.9912

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. 26 found (avg delta 0.81, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Sep 1854.5058.80$56.657.6%11.00--
$500.00Sep 1822.4028.70$25.5524.7%21.0027
$510.00Sep 1812.2019.00$15.6043.6%--1.0023
$515.00Sep 189.4013.40$11.4035.1%11.0020
$520.00Sep 184.8010.00$7.4070.3%251.00202
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$570.00Sep 1841.8045.60$43.708.7%10.993
$580.00Sep 1852.0057.40$54.709.9%--0.9912
$555.00Sep 1826.1032.80$29.4522.8%--0.9812
$540.00Sep 1812.0017.80$14.9038.9%770.96142
$560.00Sep 1831.3036.30$33.8014.8%70.9628

Most actively traded options today. High liquidity = easy entry/exit. 72 active (total vol 827, top 77)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$555.00Sep 180.000.15$0.08187.5%620.01197
$520.00Sep 184.8010.00$7.4070.3%251.00202
$565.00Sep 180.000.05$0.03166.7%200.01108
$610.00Sep 180.006.90$3.45200.0%200.12125
$580.00Oct 161.452.60$2.0356.7%200.1142
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$540.00Sep 1812.0017.80$14.9038.9%770.96142
$530.00Oct 1615.7018.40$17.0515.8%750.5344
$490.00Oct 163.103.90$3.5022.9%420.16142
$485.00Sep 180.000.10$0.05200.0%400.01116
$500.00Sep 180.000.05$0.03166.7%320.01337

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 936.7%, max 2983.3%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$525.00Sep 18Oct 16120.5%25.4%374.0%6219
$530.00Sep 18Oct 16108.4%29.4%268.2%21336
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$480.00Sep 18Oct 16851.6%27.6%2983.3%15114
$505.00Sep 18Oct 16386.9%25.0%1450.1%140
$525.00Sep 18Oct 16120.5%25.4%374.0%7101
$520.00Sep 18Oct 1669.1%25.5%170.4%22332

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 43 found (best R:R 1.70, avg 5.33)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$515.00$520.00Oct 16$2.05$2.95$2.0563%1.44$517.05
$525.00$530.00Oct 16$1.55$3.45$1.5552%2.23$526.55
$560.00$565.00Oct 16$0.45$4.55$0.4522%10.11$560.45
$530.00$535.00Oct 16$1.80$3.20$1.8047%1.78$531.80
$550.00$555.00Oct 16$1.10$3.90$1.1029%3.55$551.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$530.00$525.00Sep 18$1.85$3.15$1.8586%1.70$528.15
$550.00$545.00Oct 16$2.40$2.60$2.4071%1.08$547.60
$505.00$500.00Oct 16$0.80$4.20$0.8027%5.25$504.20
$490.00$485.00Oct 16$0.40$4.60$0.4016%11.50$489.60
$530.00$525.00Oct 16$2.45$2.55$2.4553%1.04$527.55

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 39 found (best R:R 8.09, avg 0.75)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$615.00$620.00Oct 16$4.45$4.45$0.5586%8.09$619.45
$615.00$620.00Sep 18$2.45$2.45$2.5591%0.96$617.45
$605.00$610.00Oct 16$1.70$1.70$3.3090%0.52$606.70
$575.00$580.00Sep 18$0.97$0.97$4.0393%0.24$575.97
$570.00$575.00Oct 16$1.47$1.47$3.5384%0.42$571.47
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$480.00$475.00Sep 18$3.80$3.80$1.2085%3.17$476.20
$450.00$445.00Sep 18$3.50$3.50$1.5089%2.33$446.50
$445.00$440.00Oct 16$2.95$2.95$2.0591%1.44$442.05
$505.00$500.00Sep 18$2.07$2.07$2.9382%0.71$502.93
$470.00$455.00Oct 16$2.05$2.05$12.9588%0.16$467.95

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $12.43, cheapest $10.75)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$525.00Sep 18Oct 16$14.12120.5%25.4%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$525.00Sep 18Oct 16$10.75120.5%25.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 23 found (cheapest 1.17% of stock, avg 5.00%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$530.00Sep 18$0.48$5.70$6.18$523.82$536.181.17%
$525.00Sep 18$2.38$3.85$6.23$518.77$531.231.18%
$520.00Sep 18$7.40$0.35$7.75$512.25$527.751.47%
$535.00Sep 18$0.43$9.85$10.28$524.72$545.281.95%
$515.00Sep 18$11.40$0.53$11.93$503.07$526.932.27%
$540.00Sep 18$0.10$14.90$15.00$525.00$555.002.85%
$510.00Sep 18$15.60$0.53$16.13$493.87$526.133.06%
$545.00Sep 18$1.08$18.85$19.93$525.07$564.933.79%
$550.00Sep 18$0.20$24.10$24.30$525.70$574.304.62%
$500.00Sep 18$25.55$0.03$25.58$474.42$525.584.86%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 50 found (cheapest 0.15% of stock, avg 2.44%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$535.00$520.00Sep 18$0.43$0.35$0.78$519.22$535.78
$530.00$520.00Sep 18$0.48$0.35$0.83$519.17$530.83
$535.00$515.00Sep 18$0.43$0.53$0.96$514.04$535.96
$530.00$515.00Sep 18$0.48$0.53$1.01$513.99$531.01
$545.00$520.00Sep 18$1.08$0.35$1.43$518.57$546.43
$545.00$515.00Sep 18$1.08$0.53$1.61$513.39$546.61
$530.00$505.00Sep 18$0.48$2.10$2.58$502.42$532.58
$535.00$505.00Sep 18$0.43$2.10$2.53$502.47$537.53
$545.00$505.00Sep 18$1.08$2.10$3.18$501.82$548.18
$610.00$520.00Sep 18$3.45$0.35$3.80$516.20$613.80

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 101 found (best R:R 20.74, avg credit $2.54)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
475/480575/580Sep 18$4.77$0.2378%20.74$475.23$579.77
445/450575/580Sep 18$4.47$0.5382%8.43$445.53$579.47
475/480610/615Sep 18$4.75$0.2573%19.00$475.25$614.75
445/450610/615Sep 18$4.45$0.5577%8.09$445.55$614.45
475/480545/550Sep 18$4.68$0.3272%14.63$475.32$549.68
445/450545/550Sep 18$4.38$0.6276%7.06$445.62$549.38
475/480595/600Sep 18$4.08$0.9282%4.43$475.92$599.08
440/445570/575Oct 16$4.42$0.5875%7.62$440.58$574.42
500/505615/620Sep 18$4.52$0.4873%9.42$500.48$619.52
445/450595/600Sep 18$3.78$1.2286%3.10$446.22$598.78

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 43 found (best R:R 0.60, cheapest $0.10)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$520.00$525.00$530.00Sep 18$3.12$1.8883%0.60
$545.00$550.00$555.00Oct 16$0.25$4.758%19.00
$580.00$585.00$590.00Sep 18$0.17$4.832%28.41
$560.00$565.00$570.00Sep 18$0.22$4.783%21.73
$510.00$515.00$520.00Sep 18$0.20$4.800%24.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$545.00$550.00$555.00Sep 18$0.10$4.9011%49.00
$520.00$525.00$530.00Oct 16$0.10$4.9010%49.00
$515.00$520.00$525.00Oct 16$0.15$4.8511%32.33
$535.00$540.00$545.00Oct 16$0.30$4.7010%15.67
$510.00$515.00$520.00Oct 16$0.45$4.5510%10.11

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 65 found (best net $-5.65, 44 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$500.00$510.001:2Sep 18-$5.65$4.35
$515.00$520.001:2Sep 18-$3.40$1.60
$570.00$575.001:2Oct 16-$0.26$4.74
$530.00$535.001:2Sep 18-$0.38$4.62
$600.00$605.001:2Sep 18-$0.01$4.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$535.00$530.001:2Sep 18-$1.55$3.45
$530.00$525.001:2Sep 18-$2.00$3.00
$540.00$535.001:2Sep 18-$4.80$0.20
$475.00$470.001:2Sep 18-$0.01$4.99
$515.00$510.001:2Sep 18-$0.53$4.47

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 12 found (best yield 2.32%, avg 0.98%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$535.00Oct 16$12.200.431.6%2.32%3.94%13167
$530.00Oct 16$13.400.470.7%2.55%3.22%7127
$540.00Oct 16$9.700.382.6%1.84%4.41%1727
$550.00Oct 16$5.800.294.5%1.10%5.57%1662
$545.00Oct 16$6.200.333.5%1.18%4.70%110
$555.00Oct 16$4.900.265.4%0.93%6.35%554
$560.00Oct 16$3.600.226.4%0.68%7.05%768
$570.00Oct 16$2.400.158.3%0.46%8.72%729
$565.00Oct 16$1.400.197.3%0.27%7.58%157
$580.00Oct 16$1.450.1110.2%0.28%10.44%2042

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 427
Total Puts 787
Put/Call Ratio 1.84
Net Difference -360

Prior's Put/Call Breakdown

Total Calls 561
Total Puts 1,464
Put/Call Ratio 2.61
Net Difference -903

Prior 7-Day Put/Call Summary

Total Calls 4,390
Total Puts 3,907
Average Put/Call Ratio 0.94
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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