Tour v422
NVAX
NOVAVAX INC
$7.49 +0.40%
$7.52 (+0.41%)🌙
as of 07/27 06:06 PM
7/27 18:06

Option Volume

Detail
Current (07/27) 4,324
Calls: 3,561 (82%)
Puts: 763 (18%)
Prior (07/24) 7,577
Calls: 6,639 (88%)
Puts: 938 (12%)
Current vs Prior -42.93%
Calls: -46.36% (Calls)
Puts: -18.66% (Puts)
Prior 7-Day Total 41,931
Calls: 35,001 (83%)
Puts: 6,930 (17%)
Prior 7-Day Average 5,990
Calls: 5,000 (83%)
Puts: 990 (17%)
Current vs Prior 7-Day Avg -27.81%
Calls: -28.78%
Puts: -22.93%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/27) $161.0K
Calls: $145.5K (90%)
Puts: $15.5K (10%)
Prior (07/24) $588.1K
Calls: $526.0K (89%)
Puts: $62.2K (11%)
Current vs Prior -72.63%
Calls: -72.33%
Puts: -75.15%
Prior 7-Day Total $2.79M
Calls: $2.24M (80%)
Puts: $550.1K (20%)
Prior 7-Day Average $398.4K
Calls: $319.8K (80%)
Puts: $78.6K (20%)
Current vs Prior 7-Day Avg -59.59%
Calls: -54.49%
Puts: -80.34%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/27) 0.21
Prior (07/24) 0.14
Current vs Prior +51.65%
Prior 7-Day Average 0.20
Current vs Prior 7-Day Avg +6.94%
Sentiment BULLISH

Open Interest

Detail
Current (07/27) 195,750
Calls: 121,191 (62%)
Puts: 74,559 (38%)
Prior (07/24) 108,592
Calls: 95,781 (88%)
Puts: 12,811 (12%)
Current vs Prior +80.26%
Prior 7-Day Total 1,236,215
Calls: 807,389 (65%)
Puts: 428,826 (35%)
Prior 7-Day Average 176,602
Calls: 115,341 (65%)
Puts: 61,260 (35%)
Current vs Prior 7-Day Avg +10.84%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 5.61% | 12.95%20.56% | 24.83%
Prior 6.57% | 18.23%20.38% | 25.34%
Current vs Prior -14.63% | -28.96%+0.91% | -1.98%
Prior 7-Day Avg 6.53% | 9.48%16.16% | 25.17%
Current vs 7-Day Avg -14.18% | +36.56%+27.24% | -1.33%
Prior 7-Day Eod 6.57% | 18.23%20.38% | 25.34%
Current vs 7-Day Eod -14.63% | -28.96%+0.91% | -1.98%
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

Strong bullish conviction with 90% of dollar volume in calls ($145.5K) vs puts ($15.5K). Light premium activity with dollar volume down 73% vs prior. Below-average activity with volume down 43% vs prior. Extreme bullish P/C ratio of 0.21 - heavy call buying (3,561 calls vs 763 puts).

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. 3 found (avg $0.35, cheapest $0.09)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 310.080.09$0.0911.1%1.2K0.28210
$8.50Aug 210.360.43$0.4017.5%70.3672
$7.50Aug 70.510.59$0.5514.5%1240.5872
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 15 found (avg delta 0.71, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$6.00Jul 311.133.65$2.39105.4%30.941
$6.50Jul 310.513.05$1.78142.7%40.83--
$7.00Aug 280.691.51$1.1074.5%50.76--
$7.00Aug 210.631.20$0.9262.0%--0.6769
$7.50Jul 310.230.35$0.2941.4%1320.661.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 310.230.82$0.53111.3%181.006.3K
$8.50Jul 310.501.25$0.8885.2%--1.0034
$8.50Aug 70.723.15$1.94125.3%--0.7790
$8.50Aug 210.911.55$1.2352.0%90.65--
$8.00Aug 70.281.17$0.73121.9%30.62137

Most actively traded options today. High liquidity = easy entry/exit. 27 active (total vol 2.6K, top 1.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 310.080.09$0.0911.1%1.2K0.28210
$8.00Aug 70.180.48$0.3390.9%2320.42385
$8.00Aug 140.290.65$0.4776.6%1620.44147
$7.50Jul 310.230.35$0.2941.4%1320.661.7K
$8.50Jul 310.020.04$0.0366.7%1320.11245
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Jul 310.050.07$0.0633.3%2210.1621
$7.00Aug 210.370.65$0.5154.9%210.34453
$6.00Jul 310.000.10$0.05200.0%190.0811
$8.00Jul 310.230.82$0.53111.3%181.006.3K
$6.50Jul 310.000.38$0.19200.0%140.2029

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 75.5%, max 143.6%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$7.00Aug 21Aug 28100.1%75.5%32.5%569
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Jul 31Aug 21205.3%84.3%143.6%15209
$6.00Jul 31Aug 21174.7%83.8%108.3%19101
$7.00Jul 31Aug 2888.8%75.5%17.6%22138

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 17 found (best R:R 3.17, avg 1.62)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$8.50Aug 7$0.14$0.36$0.142.57$8.14
$7.50$8.00Aug 14$0.19$0.31$0.191.63$7.69
$8.00$8.50Aug 28$0.19$0.31$0.191.63$8.19
$7.50$8.00Jul 31$0.20$0.30$0.201.50$7.70
$7.00$8.00Aug 28$0.43$0.57$0.431.33$7.43
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$6.50$6.00Aug 21$0.12$0.38$0.123.17$6.38
$8.00$7.50Aug 28$0.12$0.38$0.123.17$7.88
$6.50$6.00Jul 31$0.14$0.36$0.142.57$6.36
$7.50$7.00Aug 14$0.15$0.35$0.152.33$7.35
$7.50$7.00Aug 21$0.22$0.28$0.221.27$7.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 19 found (best R:R 2.57, avg 0.96)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.00$8.00Aug 21$0.54$0.54$0.461.17$7.54
$7.50$8.00Aug 7$0.22$0.22$0.280.79$7.72
$7.00$8.00Aug 28$0.43$0.43$0.570.75$7.43
$7.50$8.00Jul 31$0.20$0.20$0.300.67$7.70
$7.50$8.00Aug 14$0.19$0.19$0.310.61$7.69
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.50$7.00Aug 28$0.36$0.36$0.142.57$7.14
$8.50$8.00Jul 31$0.35$0.35$0.152.33$8.15
$8.00$7.50Aug 7$0.31$0.31$0.191.63$7.69
$7.00$6.50Aug 14$0.28$0.28$0.221.27$6.72
$7.00$6.50Aug 21$0.28$0.28$0.221.27$6.72

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $0.38, cheapest $0.06)

CALLS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Jul 31Aug 7$0.1678.2%93.8%
$7.00Aug 21Aug 28$0.18100.1%75.5%
$8.00Jul 31Aug 7$0.2466.2%92.2%
$7.50Jul 31Aug 7$0.2659.1%91.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$6.00Jul 31Aug 21$0.06174.7%83.8%
$8.00Jul 31Aug 7$0.2066.2%92.2%
$7.50Jul 31Aug 7$0.2959.1%91.1%
$6.50Jul 31Aug 7$0.31205.3%197.8%
$8.50Jul 31Aug 7$1.0678.2%93.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 14 found (cheapest 5.61% of stock, avg 18.25%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Jul 31$0.29$0.13$0.42$7.08$7.925.61%
$8.00Jul 31$0.09$0.53$0.62$7.38$8.628.28%
$8.50Jul 31$0.03$0.88$0.91$7.59$9.4112.15%
$7.50Aug 7$0.55$0.42$0.97$6.53$8.4712.95%
$8.00Aug 7$0.33$0.73$1.06$6.94$9.0614.15%
$7.50Aug 14$0.66$0.61$1.27$6.23$8.7716.96%
$8.00Aug 21$0.38$1.00$1.38$6.62$9.3818.42%
$7.00Aug 21$0.92$0.51$1.43$5.57$8.4319.09%
$7.00Aug 28$1.10$0.33$1.43$5.57$8.4319.09%
$8.00Aug 28$0.67$0.81$1.48$6.52$9.4819.76%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 30 found (cheapest 1.07% of stock, avg 9.06%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$8.50$6.00Jul 31$0.03$0.05$0.08$5.92$8.58
$8.50$7.00Jul 31$0.03$0.06$0.09$6.91$8.59
$8.00$6.00Jul 31$0.09$0.05$0.14$5.86$8.14
$8.00$7.00Jul 31$0.09$0.06$0.15$6.85$8.15
$8.50$7.50Jul 31$0.03$0.13$0.16$7.34$8.66
$8.00$7.50Jul 31$0.09$0.13$0.22$7.28$8.22
$8.50$6.50Jul 31$0.03$0.19$0.22$6.28$8.72
$8.00$6.50Jul 31$0.09$0.19$0.28$6.22$8.28
$8.00$6.00Aug 21$0.38$0.11$0.49$5.51$8.49
$8.50$6.00Aug 21$0.40$0.11$0.51$5.49$9.01

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 2 found (best R:R 2.12, avg credit $0.50)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/68/8Jul 31$0.34$0.162.12$6.16$7.84
6/67/8Aug 21$0.66$0.341.94$5.84$7.66

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 7 found (best R:R 9.00, cheapest $0.05)

CALLS (3)
LowMidHighExpiryDebitMax GainR:R
$7.50$8.00$8.50Aug 7$0.08$0.425.25
$7.50$8.00$8.50Aug 14$0.12$0.383.17
$7.50$8.00$8.50Jul 31$0.14$0.362.57
PUTS (4)
LowMidHighExpiryDebitMax GainR:R
$7.00$7.50$8.00Aug 21$0.05$0.459.00
$6.00$6.50$7.00Aug 21$0.16$0.342.13
$6.50$7.00$7.50Jul 31$0.20$0.301.50
$7.00$7.50$8.00Jul 31$0.33$0.170.52

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 19 found (best net $-0.24, 12 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.00$8.001:2Aug 28-$0.24$0.76
$7.50$8.001:2Aug 7-$0.11$0.39
$7.50$8.001:2Aug 14-$0.28$0.22
$8.00$8.501:2Aug 28-$0.29$0.21
$8.00$8.501:2Aug 14-$0.33$0.17
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$7.501:2Aug 7-$0.11$0.39
$8.50$8.001:2Jul 31-$0.18$0.32
$7.50$7.001:2Aug 21-$0.29$0.21
$7.50$7.001:2Aug 14-$0.31$0.19
$7.00$6.501:2Jul 31-$0.32$0.18

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 9 found (best yield 6.94%, avg 4.30%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$7.50Aug 14$0.520.550.1%6.94%7.08%125--
$7.50Aug 7$0.510.580.1%6.81%6.94%12472
$8.00Sep 4$0.420.466.8%5.61%12.42%--23
$8.50Aug 21$0.360.3613.5%4.81%18.29%772
$8.00Aug 28$0.340.546.8%4.54%11.35%--34
$8.00Aug 14$0.290.446.8%3.87%10.68%162147
$8.50Aug 14$0.200.3613.5%2.67%16.15%10078
$8.00Aug 7$0.180.426.8%2.40%9.21%232385
$8.00Jul 31$0.080.286.8%1.07%7.88%1.2K210

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 3,561
Total Puts 763
Put/Call Ratio 0.21
Net Difference 2,798

Prior's Put/Call Breakdown

Total Calls 6,639
Total Puts 938
Put/Call Ratio 0.14
Net Difference 5,701

Prior 7-Day Put/Call Summary

Total Calls 35,001
Total Puts 6,930
Average Put/Call Ratio 0.20
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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