Tour v528
NVAX
NOVAVAX INC
$10.00 +6.95%
9/17 18:04

Option Volume

Detail
Current (09/17) 16,371
Calls: 14,386 (88%)
Puts: 1,985 (12%)
Prior (09/16) 2,794
Calls: 1,877 (67%)
Puts: 917 (33%)
Current vs Prior +485.93%
Calls: +666.44% (Calls)
Puts: +116.47% (Puts)
Prior 7-Day Total 41,749
Calls: 34,452 (83%)
Puts: 7,297 (17%)
Prior 7-Day Average 5,964
Calls: 4,921 (83%)
Puts: 1,042 (17%)
Current vs Prior 7-Day Avg +174.49%
Calls: +192.30%
Puts: +90.42%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/17) $875.9K
Calls: $805.2K (92%)
Puts: $70.8K (8%)
Prior (09/16) $172.1K
Calls: $124.6K (72%)
Puts: $47.5K (28%)
Current vs Prior +409.11%
Calls: +546.20%
Puts: +49.12%
Prior 7-Day Total $2.62M
Calls: $2.20M (84%)
Puts: $415.6K (16%)
Prior 7-Day Average $374.3K
Calls: $315.0K (84%)
Puts: $59.4K (16%)
Current vs Prior 7-Day Avg +134.00%
Calls: +155.65%
Puts: +19.18%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/17) 0.14
Prior (09/16) 0.49
Current vs Prior -71.76%
Prior 7-Day Average 0.27
Current vs Prior 7-Day Avg -49.05%
Sentiment BULLISH

Open Interest

Detail
Current (09/17) 239,700
Calls: 149,965 (63%)
Puts: 89,735 (37%)
Prior (09/16) 238,485
Calls: 149,383 (63%)
Puts: 89,102 (37%)
Current vs Prior +0.51%
Prior 7-Day Total 1,677,215
Calls: 1,051,914 (63%)
Puts: 625,301 (37%)
Prior 7-Day Average 239,602
Calls: 150,273 (63%)
Puts: 89,328 (37%)
Current vs Prior 7-Day Avg +0.04%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)
Current 3.70% | 7.00%3.70% | 17.40%
Prior 4.71% | 9.52%4.71% | 16.04%
Current vs Prior -21.38% | -26.46%-21.38% | +8.46%
Prior 7-Day Avg 6.90% | 10.66%8.50% | 18.66%
Current vs 7-Day Avg -46.38% | -34.34%-56.45% | -6.76%
Prior 7-Day Eod 4.71% | 9.52%4.71% | 16.04%
Current vs 7-Day Eod -21.38% | -26.46%-21.38% | +8.46%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 56.88% | 30.21%
Calls: 10.42% | 26.09%
Puts: 103.33% | 34.33%
Prior 56.88% | 30.21%
Calls: 10.42% | 26.09%
Puts: 103.33% | 34.33%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 56.88% | 30.21%
Calls: 10.42% | 26.09%
Puts: 103.33% | 34.33%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 92% of dollar volume in calls ($805.2K) vs puts ($70.8K). Massive premium surge with dollar volume up 409% vs prior. Dollar volume significantly above 7-day average (134% higher). Unusually high activity with volume up 486% vs prior - elevated interest.

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 1 of results (avg 7.4%, best 7.4%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Oct 162.092.25$2.177.4%1720.911.6K
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. 27 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Sep 180.511.40$0.9692.7%1940.99841
$8.50Sep 250.742.48$1.61108.1%60.9633
$8.00Sep 181.652.51$2.0841.3%50.961.3K
$9.00Sep 251.011.25$1.1321.2%190.93239
$8.00Oct 162.092.25$2.177.4%1720.911.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.50Sep 180.180.91$0.55132.7%--1.0016
$11.00Sep 180.601.20$0.9066.7%101.0013
$11.00Sep 250.541.73$1.14104.4%30.81--
$10.50Sep 250.501.06$0.7871.8%120.6917
$11.00Oct 161.051.97$1.5160.9%--0.65220

Most actively traded options today. High liquidity = easy entry/exit. 60 active (total vol 11.3K, top 2.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.50Sep 250.110.30$0.2190.5%2.4K0.31270
$10.00Oct 160.701.18$0.9451.1%1.8K0.575.7K
$10.50Sep 180.030.07$0.0580.0%9800.202.4K
$11.00Sep 250.010.20$0.11172.7%9030.18805
$11.00Sep 180.010.05$0.03133.3%8260.101.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Oct 160.080.12$0.1040.0%4800.10585
$10.00Sep 180.080.19$0.1478.6%4050.44171
$9.00Sep 250.040.14$0.09111.1%2440.16688
$9.00Sep 180.000.01$0.01100.0%1520.02985
$9.50Sep 250.040.21$0.13130.8%1260.28205

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 1 strikes (avg 17.2%, max 17.2%)

CALLS (0)
No calls found
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$10.00Sep 18Oct 2385.1%72.6%17.2%406272

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 22 found (best R:R 0.96, avg 2.08)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$9.00$10.00Oct 16$0.51$0.49$0.5177%0.96$9.51
$9.50$10.00Sep 25$0.23$0.27$0.2382%1.17$9.73
$9.50$10.00Sep 18$0.33$0.17$0.3390%0.52$9.83
$10.00$10.50Oct 9$0.17$0.33$0.1756%1.94$10.17
$10.00$11.00Oct 23$0.43$0.57$0.4359%1.33$10.43
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$9.00$8.00Oct 9$0.16$0.84$0.1626%5.25$8.84
$10.00$9.50Sep 18$0.11$0.39$0.1144%3.55$9.89
$10.00$9.50Oct 2$0.27$0.23$0.2752%0.85$9.73
$9.00$8.00Oct 16$0.18$0.82$0.1824%4.56$8.82
$10.00$9.00Oct 23$0.39$0.61$0.3943%1.56$9.61

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 8 found (best R:R 0.47, avg 0.38)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$11.50$12.00Oct 9$0.16$0.16$0.3472%0.47$11.66
$10.50$11.00Oct 2$0.20$0.20$0.3060%0.67$10.70
$11.00$12.00Oct 2$0.17$0.17$0.8372%0.20$11.17
$10.50$11.00Oct 30$0.20$0.20$0.3058%0.67$10.70
$11.00$12.00Oct 16$0.23$0.23$0.7763%0.30$11.23
BULL PUT (2)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$9.00$8.00Oct 16$0.18$0.18$0.8276%0.22$8.82
$9.00$8.00Oct 9$0.16$0.16$0.8474%0.19$8.84

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.17, cheapest $0.05)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$10.00Sep 18Sep 25$0.0585.1%57.6%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$10.00Sep 18Sep 25$0.2885.1%57.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 19 found (cheapest 3.70% of stock, avg 12.16%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$10.00Sep 18$0.23$0.14$0.37$9.63$10.373.70%
$9.50Sep 18$0.56$0.03$0.59$8.91$10.095.90%
$10.50Sep 18$0.05$0.55$0.60$9.90$11.106.00%
$9.50Sep 25$0.51$0.13$0.64$8.86$10.146.40%
$10.00Sep 25$0.28$0.42$0.70$9.30$10.707.00%
$11.00Sep 18$0.03$0.90$0.93$10.07$11.939.30%
$9.00Sep 18$0.96$0.01$0.97$8.03$9.979.70%
$10.50Sep 25$0.21$0.78$0.99$9.51$11.499.90%
$10.00Oct 2$0.44$0.59$1.03$8.97$11.0310.30%
$9.50Oct 2$0.87$0.32$1.19$8.31$10.6911.90%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 79 found (cheapest 0.60% of stock, avg 6.42%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$11.00$9.50Sep 18$0.03$0.03$0.06$9.44$11.06
$10.50$9.50Sep 18$0.05$0.03$0.08$9.42$10.58
$11.00$8.50Sep 18$0.03$0.09$0.12$8.38$11.12
$12.00$8.50Sep 25$0.04$0.08$0.12$8.38$12.12
$11.50$8.50Sep 25$0.06$0.08$0.14$8.36$11.64
$12.00$9.00Sep 25$0.04$0.09$0.13$8.87$12.13
$10.50$8.50Sep 18$0.05$0.09$0.14$8.36$10.64
$11.50$9.00Sep 25$0.06$0.09$0.15$8.85$11.65
$12.00$8.00Sep 25$0.04$0.14$0.18$7.82$12.18
$11.00$9.00Sep 25$0.11$0.09$0.20$8.80$11.20

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 0.47, avg credit $0.32)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
8/912/12Oct 9$0.32$0.6847%0.47$8.68$11.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 25 found (best R:R 2.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$9.50$10.00$10.50Sep 18$0.15$0.3570%2.33
$9.00$9.50$10.00Sep 18$0.07$0.4339%6.14
$9.50$10.00$10.50Sep 25$0.16$0.3452%2.13
$10.00$10.50$11.00Sep 18$0.16$0.3450%2.12
$10.50$11.00$11.50Sep 25$0.05$0.4520%9.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$9.50$10.00$10.50Sep 18$0.30$0.2089%0.67
$9.00$10.00$11.00Oct 16$0.19$0.8141%4.26
$9.50$10.00$10.50Sep 25$0.07$0.4340%6.14
$9.00$9.50$10.00Sep 18$0.09$0.4142%4.56
$8.00$8.50$9.00Oct 2$0.06$0.4413%7.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 42 found (best net $-0.09, 28 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$9.00$9.501:2Sep 18-$0.16$0.34
$10.00$11.001:2Oct 23-$0.20$0.80
$9.00$10.001:2Oct 16-$0.43$0.57
$9.50$10.001:2Sep 25-$0.05$0.45
$9.00$10.001:2Oct 30-$0.41$0.59
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$11.00$10.001:2Oct 16-$0.09$0.91
$11.00$10.501:2Sep 18-$0.20$0.30
$10.00$9.001:2Oct 23-$0.05$0.95
$10.50$10.001:2Sep 25-$0.06$0.44
$10.00$9.501:2Oct 2-$0.05$0.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 17 found (best yield 8.50%, avg 3.04%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$10.00Oct 30$0.850.490.0%8.50%8.50%33148
$10.50Oct 30$0.520.425.0%5.20%10.20%3--
$10.00Oct 16$0.700.570.0%7.00%7.00%1.8K5.7K
$11.00Oct 30$0.340.3610.0%3.40%13.40%8493
$11.00Oct 16$0.320.3710.0%3.20%13.20%2302.8K
$10.00Oct 23$0.650.590.0%6.50%6.50%11
$11.00Oct 9$0.240.3610.0%2.40%12.40%--15
$12.00Oct 16$0.150.2120.0%1.50%21.50%35994
$10.00Oct 9$0.490.560.0%4.90%4.90%--61
$11.50Oct 9$0.070.2815.0%0.70%15.70%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 14,386
Total Puts 1,985
Put/Call Ratio 0.14
Net Difference 12,401

Prior's Put/Call Breakdown

Total Calls 1,877
Total Puts 917
Put/Call Ratio 0.49
Net Difference 960

Prior 7-Day Put/Call Summary

Total Calls 34,452
Total Puts 7,297
Average Put/Call Ratio 0.27
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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