Tour v394
NVAX
NOVAVAX INC
$7.83 -1.07%
$7.80 (-0.32%)🌙
as of 07/23 06:06 PM
7/23 18:06

Option Volume

Detail
Current (07/23) 3,795
Calls: 3,053 (80%)
Puts: 742 (20%)
Prior (07/22) 4,994
Calls: 4,174 (84%)
Puts: 820 (16%)
Current vs Prior -24.01%
Calls: -26.86% (Calls)
Puts: -9.51% (Puts)
Prior 7-Day Total 43,940
Calls: 34,621 (79%)
Puts: 9,319 (21%)
Prior 7-Day Average 6,277
Calls: 4,945 (79%)
Puts: 1,331 (21%)
Current vs Prior 7-Day Avg -39.54%
Calls: -38.27%
Puts: -44.26%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/23) $266.3K
Calls: $199.1K (75%)
Puts: $67.2K (25%)
Prior (07/22) $269.2K
Calls: $192.3K (71%)
Puts: $76.9K (29%)
Current vs Prior -1.07%
Calls: +3.53%
Puts: -12.55%
Prior 7-Day Total $2.47M
Calls: $1.84M (74%)
Puts: $638.8K (26%)
Prior 7-Day Average $353.4K
Calls: $262.2K (74%)
Puts: $91.3K (26%)
Current vs Prior 7-Day Avg -24.65%
Calls: -24.07%
Puts: -26.33%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/23) 0.24
Prior (07/22) 0.20
Current vs Prior +23.71%
Prior 7-Day Average 0.28
Current vs Prior 7-Day Avg -13.14%
Sentiment BULLISH

Open Interest

Detail
Current (07/23) 195,599
Calls: 119,889 (61%)
Puts: 75,710 (39%)
Prior (07/22) 83,578
Calls: 62,314 (75%)
Puts: 21,264 (25%)
Current vs Prior +134.03%
Prior 7-Day Total 1,282,079
Calls: 834,942 (65%)
Puts: 447,137 (35%)
Prior 7-Day Average 183,154
Calls: 119,277 (65%)
Puts: 63,876 (35%)
Current vs Prior 7-Day Avg +6.79%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.45% | 6.26%29.89% | 28.22%
Prior 5.18% | 7.08%18.71% | 26.55%
Current vs Prior -33.47% | -11.61%+59.72% | +6.31%
Prior 7-Day Avg 7.00% | 9.12%10.88% | 23.86%
Current vs 7-Day Avg -50.76% | -31.40%+174.72% | +18.30%
Prior 7-Day Eod 5.18% | 7.08%18.71% | 26.55%
Current vs 7-Day Eod -33.47% | -11.61%+59.72% | +6.31%
Sentiment BULLISHBEARISH

Relative Spread

Detail
Expiry | Next
Current 51.07% | 26.48%
Calls: 44.00% | 17.78%
Puts: 58.14% | 35.19%
Prior 51.07% | 26.48%
Calls: 44.00% | 17.78%
Puts: 58.14% | 35.19%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 51.07% | 26.48%
Calls: 44.00% | 17.78%
Puts: 58.14% | 35.19%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 75% call dollar volume ($199.1K). Extreme bullish P/C ratio of 0.24 - heavy call buying (3,053 calls vs 742 puts). Call-heavy open interest (119,889 calls vs 75,710 puts) suggests bullish positioning. Rising open interest (up 134%) indicates new positions being established.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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. 1 found (avg $0.38, cheapest $0.38)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 210.350.40$0.3813.2%30.67192
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 25 found (avg delta 0.81, highest 1.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.50Jul 240.033.40$1.72195.9%51.069
$7.00Jul 240.002.89$1.45199.3%51.0310
$7.00Aug 210.003.25$1.63199.4%--1.0066
$7.50Jul 240.281.67$0.98141.8%--0.98302
$8.00Aug 210.572.79$1.68132.1%1080.82407
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Jul 240.580.79$0.6930.4%51.00799
$9.00Jul 240.961.75$1.3658.1%21.00203
$9.00Aug 70.003.50$1.75200.0%--1.0010
$9.00Aug 140.003.55$1.78199.4%11.0010
$9.00Jul 310.003.30$1.65200.0%10.9678

Most actively traded options today. High liquidity = easy entry/exit. 30 active (total vol 1.2K, top 239)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Jul 310.361.05$0.7197.2%2390.72--
$8.00Jul 310.120.27$0.2075.0%2170.45141
$8.50Jul 240.010.08$0.05140.0%1170.39418
$8.00Aug 210.572.79$1.68132.1%1080.82407
$8.00Jul 240.010.07$0.04150.0%970.792.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Jul 240.000.04$0.02200.0%1500.06422
$8.00Jul 310.130.45$0.29110.3%690.576.3K
$7.50Jul 240.020.07$0.05100.0%150.15118
$7.00Aug 210.000.40$0.20200.0%150.19433
$7.50Aug 210.000.93$0.47197.9%150.3144

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 88.6%, max 145.4%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$7.00Jul 24Aug 21222.5%90.7%145.4%576
$8.00Jul 24Aug 28182.7%159.2%14.8%972.0K
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$7.00Jul 24Aug 21222.5%90.7%145.4%165855
$6.50Jul 24Aug 21237.1%130.0%82.4%254
$8.00Jul 24Aug 21182.7%102.9%77.5%34.1K
$7.50Jul 24Aug 21177.4%106.9%66.0%30162

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 13 found (best R:R 3.76, avg 2.19)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$8.50Jul 31$0.11$0.39$0.113.55$8.11
$8.00$8.50Aug 14$0.11$0.39$0.113.55$8.11
$8.00$8.50Aug 28$0.11$0.39$0.113.55$8.11
$8.50$9.00Aug 21$0.14$0.36$0.142.57$8.64
$8.00$8.50Aug 7$0.21$0.29$0.211.38$8.21
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$7.00Jul 31$0.21$0.79$0.213.76$7.79
$9.00$8.50Aug 7$0.17$0.33$0.171.94$8.83
$8.00$7.50Jul 24$0.18$0.32$0.181.78$7.82
$8.00$6.50Aug 7$0.55$0.95$0.551.73$7.45
$8.00$7.50Aug 21$0.19$0.31$0.191.63$7.81

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 13 found (best R:R 1.17, avg 0.59)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$6.50$7.00Jul 24$0.27$0.27$0.231.17$6.77
$8.00$8.50Aug 7$0.21$0.21$0.290.72$8.21
$8.50$9.00Aug 21$0.14$0.14$0.360.39$8.64
$8.00$8.50Jul 31$0.11$0.11$0.390.28$8.11
$8.00$8.50Aug 14$0.11$0.11$0.390.28$8.11
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.50$7.00Aug 21$0.27$0.27$0.231.17$7.23
$9.00$8.50Jul 31$0.22$0.22$0.280.79$8.78
$8.00$7.50Aug 21$0.19$0.19$0.310.61$7.81
$8.00$6.50Aug 7$0.55$0.55$0.950.58$7.45
$8.00$7.50Jul 24$0.18$0.18$0.320.56$7.82

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 7 found (avg debit $0.25, cheapest $0.06)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.00Jul 24Jul 31$0.16182.7%51.9%
$7.00Jul 24Aug 21$0.18222.5%90.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.00Jul 24Jul 31$0.06222.5%82.1%
$8.00Jul 24Jul 31$0.06182.7%51.9%
$7.50Jul 24Aug 14$0.26177.4%94.0%
$9.00Jul 24Jul 31$0.29100.9%68.9%
$8.50Jul 24Jul 31$0.7444.4%60.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 16 found (cheapest 3.45% of stock, avg 20.33%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$8.00Jul 24$0.04$0.23$0.27$7.73$8.273.45%
$8.00Jul 31$0.20$0.29$0.49$7.51$8.496.26%
$8.50Jul 24$0.05$0.69$0.74$7.76$9.249.45%
$7.50Jul 24$0.98$0.05$1.03$6.47$8.5313.15%
$9.00Jul 24$0.02$1.36$1.38$7.62$10.3817.62%
$7.00Jul 24$1.45$0.02$1.47$5.53$8.4718.77%
$8.50Jul 31$0.09$1.43$1.52$6.98$10.0219.41%
$9.00Jul 31$0.04$1.65$1.69$7.31$10.6921.58%
$6.50Jul 24$1.72$0.01$1.73$4.77$8.2322.09%
$7.00Aug 21$1.63$0.20$1.83$5.17$8.8323.37%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 16 found (cheapest 0.51% of stock, avg 6.06%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$9.00$7.00Jul 24$0.02$0.02$0.04$6.96$9.04
$8.50$7.00Jul 24$0.05$0.02$0.07$6.93$8.57
$9.00$7.50Jul 24$0.02$0.05$0.07$7.43$9.07
$9.00$6.50Jul 31$0.04$0.04$0.08$6.42$9.08
$8.50$7.50Jul 24$0.05$0.05$0.10$7.40$8.60
$9.00$7.00Jul 31$0.04$0.08$0.12$6.88$9.12
$8.50$6.50Jul 31$0.09$0.04$0.13$6.37$8.63
$8.50$7.00Jul 31$0.09$0.08$0.17$6.83$8.67
$8.00$6.50Jul 31$0.20$0.04$0.24$6.26$8.24
$8.00$7.00Jul 31$0.20$0.08$0.28$6.72$8.28

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 1.94, avg credit $0.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
8/88/9Aug 21$0.33$0.171.94$7.67$8.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 7 found (best R:R 7.33, cheapest $0.06)

CALLS (3)
LowMidHighExpiryDebitMax GainR:R
$8.00$8.50$9.00Jul 31$0.06$0.447.33
$8.00$8.50$9.00Aug 14$0.07$0.436.14
$7.50$8.00$8.50Jul 31$0.40$0.100.25
PUTS (4)
LowMidHighExpiryDebitMax GainR:R
$7.00$7.50$8.00Jul 24$0.15$0.352.33
$8.00$8.50$9.00Jul 24$0.21$0.291.38
$7.50$8.00$8.50Jul 24$0.28$0.220.79
$6.50$7.00$7.50Aug 21$0.37$0.130.35

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 16 found (best net $-0.06, 6 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$8.501:2Jul 24-$0.06$0.44
$8.00$8.501:2Aug 14-$0.20$0.30
$8.50$9.001:2Aug 14-$0.23$0.27
$8.50$9.001:2Aug 21-$0.24$0.26
$8.50$9.001:2Aug 28$0.30$0.20
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$7.501:2Aug 21-$0.28$0.22
$7.00$6.501:2Aug 21-$0.40$0.10
$8.00$6.501:2Aug 7$0.45$1.05
$8.00$7.001:2Jul 31$0.13$0.87
$9.00$8.001:2Aug 21$0.24$0.76

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 1 found (best yield 1.53%, avg 1.53%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Jul 31$0.120.452.2%1.53%3.70%217141

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 3,053
Total Puts 742
Put/Call Ratio 0.24
Net Difference 2,311

Prior's Put/Call Breakdown

Total Calls 4,174
Total Puts 820
Put/Call Ratio 0.20
Net Difference 3,354

Prior 7-Day Put/Call Summary

Total Calls 34,621
Total Puts 9,319
Average Put/Call Ratio 0.28
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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