Tour v492
NVAX
NOVAVAX INC
$7.61 -0.65%
8/5 14:08

Option Volume

Detail
Current (08/05 2:05pm) 3,020
Calls: 2,494 (83%)
Puts: 526 (17%)
Prior (05/05) 5,393
Calls: 4,972 (92%)
Puts: 421 (8%)
Current vs Prior -44.00%
Calls: -49.84% (Calls)
Puts: +24.94% (Puts)
Prior 7-Day Total 105,917
Calls: 91,286 (86%)
Puts: 14,631 (14%)
Prior 7-Day Average 21,183
Calls: 13,040 (86%)
Puts: 2,090 (14%)
Current vs Prior 7-Day Avg -85.74%
Calls: -80.88%
Puts: -74.83%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/05 2:05pm) $147.9K
Calls: $123.2K (83%)
Puts: $24.7K (17%)
Prior (05/05) $153.8K
Calls: $141.6K (92%)
Puts: $12.2K (8%)
Current vs Prior -3.85%
Calls: -13.03%
Puts: +102.59%
Prior 7-Day Total $9.12M
Calls: $8.22M (90%)
Puts: $903.6K (10%)
Prior 7-Day Average $1.82M
Calls: $1.17M (90%)
Puts: $129.1K (10%)
Current vs Prior 7-Day Avg -91.89%
Calls: -89.51%
Puts: -80.84%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/05 2:05pm) 0.21
Prior (05/05) 0.08
Current vs Prior +149.08%
Prior 7-Day Average 0.16
Current vs Prior 7-Day Avg +32.44%
Sentiment BULLISH

Open Interest

Detail
Current (08/05 2:05pm) 205,530
Calls: 135,179 (66%)
Puts: 70,351 (34%)
Prior (05/05) 211,445
Calls: 136,050 (64%)
Puts: 75,395 (36%)
Current vs Prior -2.80%
Prior 7-Day Total 841,569
Calls: 657,862 (69%)
Puts: 289,439 (31%)
Prior 7-Day Average 210,392
Calls: 131,572 (69%)
Puts: 57,887 (31%)
Current vs Prior 7-Day Avg -2.31%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 9.99% | 13.40%15.90% | 24.31%
Prior 11.59% | 13.10%-- | --
Current vs Prior -13.81% | +2.33%-- | --
Prior 7-Day Avg 11.35% | 15.25%-- | --
Current vs 7-Day Avg -11.97% | -12.13%-- | --
Prior 7-Day Eod 11.59% | 13.10%-- | --
Current vs 7-Day Eod -13.81% | +2.33%-- | --
Sentiment BULLISH--

Relative Spread

Detail
Expiry | Next
Current 23.80% | 37.52%
Calls: 8.89% | 31.15%
Puts: 38.71% | 43.90%
Prior 13.24% | 37.89%
Calls: 16.28% | 27.78%
Puts: 10.20% | 48.00%
Current vs Prior +79.76% | -0.98%
Prior 7-Day Avg 44.74% | 64.86%
Calls: 33.53% | 42.13%
Puts: 55.95% | 87.59%
Current vs 7-Day Avg -46.80% | -42.16%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 83% of dollar volume in calls ($123.2K) vs puts ($24.7K). Below-average activity with volume down 44% vs prior. Extreme bullish P/C ratio of 0.21 - heavy call buying (2,494 calls vs 526 puts). P/C ratio rising 149% - 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
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
14:10BULLISHBULLISHBULLISH
14:05BULLISHBULLISHBULLISH

📈 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 8.9%, best 8.9%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 70.430.47$0.458.9%730.58329
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.60, cheapest $0.25)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 70.230.27$0.2516.0%1.2K0.391.9K
$7.50Aug 70.430.47$0.458.9%730.58329
$7.50Aug 210.600.73$0.6719.4%170.5724
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Aug 210.500.59$0.5416.7%20.43100
$8.00Aug 210.750.91$0.8319.3%10.564.0K
$8.00Aug 280.770.93$0.8518.8%10.5414

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 19 found (avg delta 0.65, highest 0.87)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.00Aug 70.521.25$0.8982.0%20.771.6K
$7.00Aug 210.861.17$1.0130.7%--0.7369
$7.00Aug 280.731.63$1.1876.3%--0.7013
$7.00Sep 181.091.28$1.1916.0%50.6968
$7.50Aug 140.510.70$0.6131.1%30.606.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 71.351.50$1.4310.5%210.8720
$9.00Aug 141.051.80$1.4352.4%--0.8311
$8.50Aug 70.561.31$0.9479.8%--0.7892
$9.00Aug 211.391.69$1.5419.5%--0.76293
$8.00Aug 70.600.82$0.7131.0%1350.62139

Most actively traded options today. High liquidity = easy entry/exit. 27 active (total vol 2.2K, top 1.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 70.230.27$0.2516.0%1.2K0.391.9K
$8.50Aug 140.130.25$0.1963.2%2120.28206
$9.00Aug 70.060.08$0.0728.6%1330.14283
$7.50Aug 70.430.47$0.458.9%730.58329
$8.50Aug 70.110.14$0.1323.1%730.23841
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Aug 70.600.82$0.7131.0%1350.62139
$6.50Aug 70.050.08$0.0742.9%640.12117
$7.00Aug 70.130.16$0.1520.0%510.23770
$9.00Aug 71.351.50$1.4310.5%210.8720
$7.50Aug 70.250.37$0.3138.7%110.4273

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 10 strikes (avg 101.9%, max 128.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$7.00Aug 7Sep 18173.4%82.9%109.1%71.6K
$9.00Aug 7Sep 18186.3%89.5%108.2%133350
$7.50Aug 7Sep 4164.3%80.1%105.0%73344
$8.00Aug 7Sep 18172.0%85.8%100.5%1.2K3.2K
$8.50Aug 7Sep 4174.3%101.9%71.0%73899
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$6.50Aug 7Aug 28189.1%82.6%128.9%68119
$7.00Aug 7Sep 18173.4%82.9%109.1%511.8K
$8.00Aug 7Sep 18172.0%85.8%100.5%135267
$7.50Aug 7Aug 28164.3%84.0%95.6%1183
$9.00Aug 7Aug 21186.3%97.5%91.1%21313

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 21 found (best R:R 3.17, avg 1.49)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$8.50Aug 7$0.12$0.38$0.123.17$8.12
$8.00$8.50Aug 21$0.14$0.36$0.142.57$8.14
$8.00$9.00Sep 18$0.28$0.72$0.282.57$8.28
$8.00$8.50Aug 28$0.16$0.34$0.162.12$8.16
$7.50$8.00Aug 7$0.20$0.30$0.201.50$7.70
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$7.50$7.00Aug 7$0.16$0.34$0.162.12$7.34
$7.00$6.50Aug 28$0.18$0.32$0.181.78$6.82
$7.50$7.00Aug 14$0.19$0.31$0.191.63$7.31
$7.50$7.00Aug 28$0.20$0.30$0.201.50$7.30
$8.50$8.00Aug 7$0.23$0.27$0.231.17$8.27

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 25 found (best R:R 4.00, avg 1.16)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$7.00$7.50Aug 21$0.34$0.34$0.162.12$7.34
$7.50$8.00Sep 4$0.25$0.25$0.251.00$7.75
$7.50$8.00Aug 21$0.23$0.23$0.270.85$7.73
$7.50$8.00Aug 14$0.21$0.21$0.290.72$7.71
$8.00$8.50Aug 14$0.21$0.21$0.290.72$8.21
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$7.50Aug 7$0.40$0.40$0.104.00$7.60
$8.00$7.50Aug 14$0.36$0.36$0.142.57$7.64
$9.00$8.00Aug 21$0.71$0.71$0.292.45$8.29
$9.00$8.00Aug 14$0.66$0.66$0.341.94$8.34
$7.50$7.00Aug 21$0.33$0.33$0.171.94$7.17

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $0.12, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.50Aug 7Aug 14$0.06174.3%97.0%
$9.00Aug 7Aug 14$0.07186.3%107.9%
$7.00Aug 7Aug 21$0.12173.4%72.8%
$8.00Aug 7Aug 14$0.15172.0%109.9%
$7.50Aug 7Aug 14$0.16164.3%104.2%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.00Aug 7Aug 14$0.06172.0%109.9%
$7.00Aug 7Aug 14$0.07173.4%107.2%
$7.50Aug 7Aug 14$0.10164.3%104.2%
$6.50Aug 7Aug 14$0.29189.1%184.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 17 found (cheapest 9.99% of stock, avg 17.26%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7.50Aug 7$0.45$0.31$0.76$6.74$8.269.99%
$8.00Aug 7$0.25$0.71$0.96$7.04$8.9612.61%
$7.50Aug 14$0.61$0.41$1.02$6.48$8.5213.40%
$7.00Aug 7$0.89$0.15$1.04$5.96$8.0413.67%
$8.50Aug 7$0.13$0.94$1.07$7.43$9.5714.06%
$8.00Aug 14$0.40$0.77$1.17$6.83$9.1715.37%
$7.50Aug 21$0.67$0.54$1.21$6.29$8.7115.90%
$7.00Aug 21$1.01$0.21$1.22$5.78$8.2216.03%
$8.00Aug 21$0.44$0.83$1.27$6.73$9.2716.69%
$7.50Aug 28$0.74$0.56$1.30$6.20$8.8017.08%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 40 found (cheapest 1.84% of stock, avg 7.98%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$9.00$6.50Aug 7$0.07$0.07$0.14$6.36$9.14
$8.50$6.50Aug 7$0.13$0.07$0.20$6.30$8.70
$9.00$7.00Aug 7$0.07$0.15$0.22$6.78$9.22
$8.50$7.00Aug 7$0.13$0.15$0.28$6.72$8.78
$8.00$6.50Aug 7$0.25$0.07$0.32$6.18$8.32
$9.00$6.50Aug 21$0.20$0.12$0.32$6.18$9.32
$9.00$7.00Aug 14$0.14$0.22$0.36$6.64$9.36
$9.00$7.50Aug 7$0.07$0.31$0.38$7.12$9.38
$8.00$7.00Aug 7$0.25$0.15$0.40$6.60$8.40
$8.50$7.00Aug 14$0.19$0.22$0.41$6.59$8.91

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 4 found (best R:R 3.55, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
6/78/8Aug 28$0.39$0.113.55$6.61$7.89
7/88/8Aug 28$0.36$0.142.57$7.14$8.36
6/78/8Aug 28$0.34$0.162.13$6.66$8.34
7/88/8Aug 7$0.28$0.221.27$7.22$8.28

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 18 found (best R:R 7.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$8.00$8.50$9.00Aug 7$0.06$0.447.33
$7.00$8.00$9.00Sep 18$0.12$0.887.33
$8.00$8.50$9.00Aug 28$0.07$0.436.14
$8.00$8.50$9.00Sep 4$0.07$0.436.14
$7.50$8.00$8.50Aug 7$0.08$0.425.25
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$6.50$7.00$7.50Aug 7$0.08$0.425.25
$7.00$7.50$8.00Aug 28$0.09$0.414.56
$7.00$7.50$8.00Aug 14$0.17$0.331.94
$7.00$7.50$8.00Aug 7$0.24$0.261.08
$6.50$7.00$7.50Aug 21$0.24$0.261.08

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 22 found (best net $-0.11, 20 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$9.001:2Sep 18-$0.23$0.77
$7.00$8.001:2Sep 18-$0.39$0.61
$8.50$9.001:2Aug 14-$0.09$0.41
$8.50$9.001:2Aug 21-$0.10$0.40
$8.00$8.501:2Aug 21-$0.16$0.34
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$9.00$8.001:2Aug 14-$0.11$0.89
$9.00$8.001:2Aug 21-$0.12$0.88
$7.50$7.001:2Aug 28-$0.16$0.34
$8.00$7.501:2Aug 21-$0.25$0.25
$8.00$7.501:2Aug 28-$0.27$0.23

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 15 found (best yield 8.80%, avg 3.14%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$8.00Sep 18$0.670.515.1%8.80%13.93%--1.3K
$8.00Aug 28$0.420.475.1%5.52%10.64%1141
$9.00Sep 18$0.370.3718.3%4.86%23.13%--67
$8.00Aug 14$0.300.455.1%3.94%9.07%43425
$8.50Aug 21$0.250.3311.7%3.29%14.98%39129
$8.50Aug 28$0.240.3611.7%3.15%14.85%--35
$8.00Aug 7$0.230.395.1%3.02%8.15%1.2K1.9K
$8.00Aug 21$0.230.445.1%3.02%8.15%--679
$8.00Sep 11$0.180.505.1%2.37%7.49%--14
$9.00Aug 28$0.170.2818.3%2.23%20.50%1217

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 2,494
Total Puts 526
Put/Call Ratio 0.21
Net Difference 1,968

Prior's Put/Call Breakdown

Total Calls 4,972
Total Puts 421
Put/Call Ratio 0.08
Net Difference 4,551

Prior 7-Day Put/Call Summary

Total Calls 91,286
Total Puts 14,631
Average Put/Call Ratio 0.16
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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