Tour v528
NVAX
NOVAVAX INC
$10.41 +2.97%
$10.48 (+0.67%)🌙
as of 09/21 06:03 PM
9/21 18:03

Option Volume

Detail
Current (09/21) 12,907
Calls: 10,719 (83%)
Puts: 2,188 (17%)
Prior (09/18) 10,082
Calls: 9,212 (91%)
Puts: 870 (9%)
Current vs Prior +28.02%
Calls: +16.36% (Calls)
Puts: +151.49% (Puts)
Prior 7-Day Total 51,812
Calls: 43,856 (85%)
Puts: 7,956 (15%)
Prior 7-Day Average 7,401
Calls: 6,265 (85%)
Puts: 1,136 (15%)
Current vs Prior 7-Day Avg +74.38%
Calls: +71.09%
Puts: +92.51%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/21) $771.4K
Calls: $636.1K (82%)
Puts: $135.3K (18%)
Prior (09/18) $846.7K
Calls: $813.5K (96%)
Puts: $33.2K (4%)
Current vs Prior -8.89%
Calls: -21.80%
Puts: +307.27%
Prior 7-Day Total $3.17M
Calls: $2.76M (87%)
Puts: $401.9K (13%)
Prior 7-Day Average $452.3K
Calls: $394.9K (87%)
Puts: $57.4K (13%)
Current vs Prior 7-Day Avg +70.55%
Calls: +61.09%
Puts: +135.61%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/21) 0.20
Prior (09/18) 0.09
Current vs Prior +116.14%
Prior 7-Day Average 0.26
Current vs Prior 7-Day Avg -20.33%
Sentiment BULLISH

Open Interest

Detail
Current (09/21) 223,679
Calls: 137,962 (62%)
Puts: 85,717 (38%)
Prior (09/18) 243,442
Calls: 153,114 (63%)
Puts: 90,328 (37%)
Current vs Prior -8.12%
Prior 7-Day Total 1,681,832
Calls: 1,054,940 (63%)
Puts: 626,892 (37%)
Prior 7-Day Average 240,261
Calls: 150,705 (63%)
Puts: 89,556 (37%)
Current vs Prior 7-Day Avg -6.90%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)
Current 9.80% | 14.60%18.44% | 25.07%
Prior 11.57% | 14.84%6.13% | 14.34%
Current vs Prior -15.33% | -1.59%+200.75% | +74.81%
Prior 7-Day Avg 6.81% | 10.44%6.56% | 17.44%
Current vs 7-Day Avg +43.85% | +39.90%+181.31% | +43.80%
Prior 7-Day Eod 11.57% | 14.84%6.13% | 14.34%
Current vs 7-Day Eod -15.33% | -1.59%+200.75% | +74.81%
Sentiment BULLISHBEARISH

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 82% of dollar volume in calls ($636.1K) vs puts ($135.3K). Dollar volume significantly above 7-day average (71% higher). Extreme bullish P/C ratio of 0.20 - heavy call buying (10,719 calls vs 2,188 puts). P/C ratio rising 116% - increased hedging/bearish positioning.

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 5.9%, best 5.9%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Sep 250.160.17$0.175.9%4770.30272

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.32, cheapest $0.17)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Sep 250.140.17$0.1618.8%2.4K0.281.4K
$10.00Sep 250.560.68$0.6219.4%1.4K0.70655
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Sep 250.160.17$0.175.9%4770.30272

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 24 found (avg delta 0.75, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Oct 20.233.55$1.89175.7%--1.0020
$9.50Oct 20.691.35$1.0264.7%--1.0013
$8.50Sep 250.344.05$2.19169.4%100.9428
$9.00Sep 251.392.67$2.0363.1%150.94298
$9.50Sep 250.441.50$0.97109.3%1390.8996
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Sep 250.343.35$1.85162.7%10.922
$11.50Sep 251.081.39$1.2325.2%130.881
$11.00Sep 250.280.77$0.5392.5%30.721
$11.00Oct 20.561.11$0.8465.5%10.66--
$11.00Oct 161.001.19$1.1017.3%--0.56220

Most actively traded options today. High liquidity = easy entry/exit. 49 active (total vol 9.2K, top 2.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Sep 250.140.17$0.1618.8%2.4K0.281.4K
$10.00Sep 250.560.68$0.6219.4%1.4K0.70655
$10.50Sep 250.230.35$0.2941.4%9210.472.5K
$11.50Sep 250.000.10$0.05200.0%7860.12150
$11.00Oct 20.250.37$0.3138.7%6940.3237
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Sep 250.000.05$0.03166.7%1.2K0.06862
$10.00Sep 250.160.17$0.175.9%4770.30272
$9.50Sep 250.040.06$0.0540.0%620.12280
$10.50Sep 250.290.50$0.4052.5%540.5319
$9.00Oct 160.150.47$0.31103.2%160.21126

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 3 strikes (avg 11.7%, max 14.8%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$10.00Sep 25Oct 3076.8%69.6%10.3%1.4K765
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$11.00Sep 25Oct 1687.2%75.9%14.8%3221
$10.00Sep 25Oct 2376.8%69.8%10.0%477373

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 25 found (best R:R 2.12, avg 2.13)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$8.50$9.00Sep 25$0.16$0.34$0.1694%2.12$8.66
$8.50$9.00Oct 2$0.18$0.32$0.1884%1.78$8.68
$9.00$10.00Oct 30$0.41$0.59$0.4180%1.44$9.41
$9.50$10.00Oct 9$0.14$0.36$0.1480%2.57$9.64
$9.50$10.00Oct 2$0.28$0.22$0.28100%0.79$9.78
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$11.00$10.50Sep 25$0.13$0.37$0.1372%2.85$10.87
$10.00$9.00Oct 16$0.22$0.78$0.2236%3.55$9.78
$11.00$10.00Oct 2$0.57$0.43$0.5766%0.75$10.43
$10.00$9.50Oct 9$0.18$0.32$0.1843%1.78$9.82
$10.00$9.50Oct 2$0.17$0.33$0.1745%1.94$9.83

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 15 found (best R:R 0.64, avg 0.60)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$10.50$11.00Oct 23$0.38$0.38$0.1246%3.17$10.88
$11.00$11.50Sep 25$0.11$0.11$0.3972%0.28$11.11
$11.00$11.50Oct 9$0.18$0.18$0.3263%0.56$11.18
$11.00$11.50Oct 2$0.12$0.12$0.3868%0.32$11.12
$11.00$11.50Oct 16$0.19$0.19$0.3153%0.61$11.19
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$10.00$9.00Oct 23$0.39$0.39$0.6162%0.64$9.61
$10.00$9.50Sep 25$0.12$0.12$0.3870%0.32$9.88
$10.00$9.50Oct 2$0.17$0.17$0.3355%0.52$9.83
$10.00$9.50Oct 9$0.18$0.18$0.3257%0.56$9.82
$10.00$9.00Oct 16$0.22$0.22$0.7864%0.28$9.78

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.33, cheapest $0.10)

CALLS (0)
No calls found
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$10.00Sep 25Oct 2$0.1076.8%41.0%
$10.50Sep 25Oct 9$0.5679.1%82.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 12 found (cheapest 6.63% of stock, avg 11.51%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$10.50Sep 25$0.29$0.40$0.69$9.81$11.196.63%
$11.00Sep 25$0.16$0.53$0.69$10.31$11.696.63%
$10.00Sep 25$0.62$0.17$0.79$9.21$10.797.59%
$10.00Oct 2$0.74$0.27$1.01$8.99$11.019.70%
$9.50Sep 25$0.97$0.05$1.02$8.48$10.529.80%
$9.50Oct 2$1.02$0.10$1.12$8.38$10.6210.76%
$11.00Oct 2$0.31$0.84$1.15$9.85$12.1511.05%
$10.00Oct 16$0.94$0.53$1.47$8.53$11.4714.12%
$10.50Oct 9$0.58$0.96$1.54$8.96$12.0414.79%
$9.50Oct 9$1.27$0.28$1.55$7.95$11.0514.89%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 56 found (cheapest 0.67% of stock, avg 6.12%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$12.00$9.00Sep 25$0.04$0.03$0.07$8.93$12.07
$11.50$9.00Sep 25$0.05$0.03$0.08$8.92$11.58
$12.00$9.50Sep 25$0.04$0.05$0.09$9.41$12.09
$11.50$9.50Sep 25$0.05$0.05$0.10$9.40$11.60
$12.00$9.00Oct 2$0.13$0.10$0.23$8.77$12.23
$12.00$9.50Oct 2$0.13$0.10$0.23$9.27$12.23
$11.00$9.00Sep 25$0.16$0.03$0.19$8.81$11.19
$11.00$9.50Sep 25$0.16$0.05$0.21$9.29$11.21
$11.50$10.00Sep 25$0.05$0.17$0.22$9.78$11.72
$12.00$10.00Sep 25$0.04$0.17$0.21$9.79$12.21

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 0.85, avg credit $0.23)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
10/1011/12Sep 25$0.23$0.2742%0.85$9.77$11.23

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 15 found (best R:R 3.55, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$11.00$11.50$12.00Oct 16$0.05$0.4518%9.00
$11.00$11.50$12.00Oct 2$0.06$0.4416%7.33
$11.00$11.50$12.00Sep 25$0.10$0.4020%4.00
$10.00$10.50$11.00Sep 25$0.20$0.3042%1.50
$11.00$11.50$12.00Oct 9$0.18$0.3213%1.78
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$9.50$10.00$10.50Sep 25$0.11$0.3941%3.55
$9.00$9.50$10.00Sep 25$0.10$0.4024%4.00
$9.00$9.50$10.00Oct 2$0.17$0.3330%1.94
$9.00$9.50$10.00Oct 9$0.16$0.3421%2.13
$9.00$10.00$11.00Oct 16$0.35$0.6535%1.86

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 33 found (best net $-0.10, 24 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$9.00$10.001:2Oct 16-$0.10$0.90
$9.00$9.501:2Oct 2-$0.15$0.35
$11.00$12.001:2Oct 23-$0.14$0.86
$9.50$10.001:2Sep 25-$0.27$0.23
$9.50$10.501:2Oct 23-$0.54$0.46
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.00$9.001:2Oct 16-$0.09$0.91
$10.00$9.501:2Oct 9-$0.10$0.40
$11.00$10.501:2Sep 25-$0.27$0.23
$9.50$9.001:2Oct 2-$0.10$0.40
$9.50$9.001:2Oct 9-$0.24$0.26

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 18 found (best yield 4.90%, avg 2.91%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$11.00Oct 16$0.510.475.7%4.90%10.57%742.9K
$11.50Oct 16$0.330.3710.5%3.17%13.64%21--
$10.50Oct 16$0.680.570.9%6.53%7.40%47--
$12.00Oct 16$0.260.2915.3%2.50%17.77%1701.0K
$11.00Oct 30$0.460.435.7%4.42%10.09%52211
$10.50Oct 30$0.650.490.9%6.24%7.11%1333
$11.00Oct 23$0.350.435.7%3.36%9.03%3106
$10.50Oct 23$0.520.540.9%5.00%5.86%21
$12.00Oct 9$0.070.2415.3%0.67%15.95%21
$11.00Oct 9$0.230.375.7%2.21%7.88%115

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 10,719
Total Puts 2,188
Put/Call Ratio 0.20
Net Difference 8,531

Prior's Put/Call Breakdown

Total Calls 9,212
Total Puts 870
Put/Call Ratio 0.09
Net Difference 8,342

Prior 7-Day Put/Call Summary

Total Calls 43,856
Total Puts 7,956
Average Put/Call Ratio 0.26
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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