Tour v394
SHAK
SHAKE SHACK INC A
$55.99 +0.09%
$55.14 (-1.51%)🌙
as of 07/23 07:06 PM
(7/22 20:49) ◀
|
Thursday, July 23, 2026 (7:06pm)
January 2026
|
▶ (7/24 03:43)
◀ 7/23 19:06 ▶

Option Volume

Detail
ℹ
Current (07/23) 835
Calls: 307 (37%)
Puts: 528 (63%)
Prior (07/22) 1,635
Calls: 989 (60%)
Puts: 646 (40%)
Current vs Prior -48.93%
Calls: -68.96% (Calls)
Puts: -18.27% (Puts)
Prior 7-Day Total 17,901
Calls: 12,852 (72%)
Puts: 5,049 (28%)
Prior 7-Day Average 2,557
Calls: 1,836 (72%)
Puts: 721 (28%)
Current vs Prior 7-Day Avg -67.35%
Calls: -83.28%
Puts: -26.80%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23) $292.0K
Calls: $71.9K (25%)
Puts: $220.1K (75%)
Prior (07/22) $536.0K
Calls: $392.1K (73%)
Puts: $144.0K (27%)
Current vs Prior -45.53%
Calls: -81.66%
Puts: +52.88%
Prior 7-Day Total $4.15M
Calls: $2.61M (63%)
Puts: $1.54M (37%)
Prior 7-Day Average $593.1K
Calls: $372.8K (63%)
Puts: $220.3K (37%)
Current vs Prior 7-Day Avg -50.77%
Calls: -80.71%
Puts: -0.11%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 1.72
Prior (07/22) 0.65
Current vs Prior +163.31%
Prior 7-Day Average 0.43
Current vs Prior 7-Day Avg +301.86%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23) 10,836
Calls: 7,201 (66%)
Puts: 3,635 (34%)
Prior (07/22) 8,490
Calls: 4,326 (51%)
Puts: 4,164 (49%)
Current vs Prior +27.63%
Prior 7-Day Total 111,341
Calls: 69,917 (63%)
Puts: 41,424 (37%)
Prior 7-Day Average 15,905
Calls: 9,988 (63%)
Puts: 5,917 (37%)
Current vs Prior 7-Day Avg -31.87%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.93% | 7.23%17.15% | 19.56%
Prior 4.56% | 7.65%16.71% | 19.40%
Current vs Prior -13.80% | -5.46%+2.58% | +0.83%
Prior 7-Day Avg 5.06% | 7.81%9.68% | 18.48%
Current vs 7-Day Avg -22.33% | -7.43%+77.05% | +5.83%
Prior 7-Day Eod 4.56% | 7.65%16.71% | 19.40%
Current vs 7-Day Eod -13.80% | -5.46%+2.58% | +0.83%
Sentiment BULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 25.00% | 15.41%
Calls: 25.51% | 16.67%
Puts: 24.49% | 14.15%
Prior 25.00% | 15.41%
Calls: 25.51% | 16.67%
Puts: 24.49% | 14.15%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 25.00% | 15.41%
Calls: 25.51% | 16.67%
Puts: 24.49% | 14.15%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Strong bearish conviction with 75% of dollar volume in puts ($220.1K) vs calls ($71.9K). Below-average activity with volume down 49% vs prior. Extreme bearish P/C ratio of 1.72 - heavy put buying. P/C ratio rising 163% - increased hedging/bearish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
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 7.9%, best 7.9%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$60.00Aug 76.106.60$6.357.9%50.62--

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. 19 found (avg delta 0.74, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.00Jul 242.554.60$3.5857.3%10.93--
$48.00Jul 246.108.60$7.3534.0%300.8937
$51.00Jul 243.405.60$4.5048.9%10.86--
$51.00Aug 76.507.30$6.9011.6%20.72--
$55.00Aug 214.605.40$5.0016.0%30.57129
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$64.00Jul 247.409.80$8.6027.9%100.955
$59.00Jul 242.704.20$3.4543.5%90.92--
$60.00Jul 243.604.80$4.2028.6%80.89174
$65.00Jul 248.3010.80$9.5526.2%100.887
$58.00Jul 241.803.00$2.4050.0%10.86--

Most actively traded options today. High liquidity = easy entry/exit. 61 active (total vol 442, top 65)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$48.00Jul 246.108.60$7.3534.0%300.8937
$58.00Jul 240.100.15$0.1338.5%250.14444
$59.00Jul 310.600.85$0.7334.2%110.2867
$61.00Jul 240.000.10$0.05200.0%80.04--
$57.00Jul 311.201.50$1.3522.2%70.43206
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$49.50Jul 310.050.35$0.20150.0%650.08--
$55.00Jul 240.150.90$0.53141.5%330.33--
$51.00Jul 310.250.45$0.3557.1%220.1334
$50.00Jul 310.150.80$0.48135.4%200.14193
$60.00Aug 216.507.30$6.9011.6%200.60117

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 43.9%, max 97.2%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$51.00Jul 24Aug 7178.7%90.6%97.2%3--
$61.00Jul 24Jul 3199.8%56.7%76.1%9--
$60.00Jul 24Aug 21108.9%72.4%50.4%9546
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$60.00Jul 24Aug 21108.9%72.4%50.4%28291
$59.00Jul 24Jul 3174.5%54.0%37.9%18--
$56.00Jul 24Jul 3169.3%50.5%37.2%1221
$48.00Aug 7Aug 2890.9%71.7%26.8%1920
$50.00Jul 31Sep 476.3%61.4%24.3%21193

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 34 found (best R:R 6.69, avg 2.63)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$60.00$61.00Jul 31$0.15$0.85$0.155.67$60.15
$57.00$58.00Jul 24$0.17$0.83$0.174.88$57.17
$59.00$60.00Jul 31$0.18$0.82$0.184.56$59.18
$64.00$66.00Aug 7$0.37$1.63$0.374.41$64.37
$62.00$64.00Aug 7$0.43$1.57$0.433.65$62.43
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$52.00$51.00Jul 31$0.13$0.87$0.136.69$51.87
$47.00$45.00Aug 7$0.33$1.67$0.335.06$46.67
$53.00$52.00Jul 31$0.20$0.80$0.204.00$52.80
$49.00$48.00Aug 7$0.20$0.80$0.204.00$48.80
$48.00$47.00Aug 7$0.22$0.78$0.223.55$47.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 40 found (best R:R 19.00, avg 1.38)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$48.00$51.00Jul 24$2.85$2.85$0.1519.00$50.85
$52.00$56.00Jul 24$2.83$2.83$1.172.42$54.83
$51.00$59.00Aug 7$4.12$4.12$3.881.06$55.12
$56.00$57.00Jul 24$0.45$0.45$0.550.82$56.45
$56.00$60.00Aug 21$1.72$1.72$2.280.75$57.72
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$58.00$57.00Jul 24$0.87$0.87$0.136.69$57.13
$60.00$59.00Jul 24$0.75$0.75$0.253.00$59.25
$57.00$56.00Jul 24$0.73$0.73$0.272.70$56.27
$59.00$57.00Jul 31$1.40$1.40$0.602.33$57.60
$60.00$57.00Aug 7$1.90$1.90$1.101.73$58.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 18 found (avg debit $1.24, cheapest $0.10)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$61.00Jul 24Jul 31$0.3599.8%56.7%
$60.00Jul 24Jul 31$0.40108.9%55.8%
$57.00Jul 24Jul 31$1.0562.4%53.4%
$62.00Jul 31Aug 7$1.5559.6%90.2%
$59.00Jul 31Aug 7$2.0554.0%90.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$59.00Jul 24Jul 31$0.1074.5%54.0%
$45.00Aug 7Aug 21$0.2891.1%74.7%
$60.00Jul 24Jul 31$0.35108.9%55.8%
$57.00Jul 24Jul 31$0.6262.4%53.4%
$48.00Aug 7Aug 28$0.6390.9%71.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 2.77% of stock, avg 9.68%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$56.00Jul 24$0.75$0.80$1.55$54.45$57.552.77%
$57.00Jul 24$0.30$1.53$1.83$55.17$58.833.27%
$58.00Jul 24$0.13$2.40$2.53$55.47$60.534.52%
$57.00Jul 31$1.35$2.15$3.50$53.50$60.506.25%
$59.00Jul 31$0.73$3.55$4.28$54.72$63.287.64%
$60.00Jul 24$0.15$4.20$4.35$55.65$64.357.77%
$60.00Jul 31$0.55$4.55$5.10$54.90$65.109.11%
$60.00Aug 7$2.42$6.35$8.77$51.23$68.7715.66%
$51.00Aug 7$6.90$1.95$8.85$42.15$59.8515.81%
$55.00Aug 21$5.00$4.00$9.00$46.00$64.0016.07%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 66 found (cheapest 0.50% of stock, avg 4.85%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$58.00$54.00Jul 24$0.13$0.15$0.28$53.72$58.28
$60.00$54.00Jul 24$0.15$0.15$0.30$53.70$60.30
$57.00$54.00Jul 24$0.30$0.15$0.45$53.55$57.45
$58.00$55.00Jul 24$0.13$0.53$0.66$54.34$58.66
$60.00$55.00Jul 24$0.15$0.53$0.68$54.32$60.68
$62.00$52.00Jul 31$0.33$0.48$0.81$51.19$62.81
$62.00$50.00Jul 31$0.33$0.48$0.81$49.19$62.81
$57.00$55.00Jul 24$0.30$0.53$0.83$54.17$57.83
$61.00$52.00Jul 31$0.40$0.48$0.88$51.12$61.88
$61.00$50.00Jul 31$0.40$0.48$0.88$49.12$61.88

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 67 found (best R:R 5.06, avg credit $1.24)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
51/5556/60Aug 21$3.34$0.665.06$51.66$59.34
54/5556/57Jul 24$0.83$0.174.88$54.17$56.83
57/6062/64Aug 7$2.33$0.673.48$57.67$64.33
57/5960/61Jul 31$1.55$0.453.44$57.45$61.55
50/5159/60Aug 7$0.76$0.243.17$50.24$59.76
57/6064/66Aug 7$2.27$0.733.11$57.73$66.27
50/5155/56Aug 21$0.73$0.272.70$50.27$55.73
56/5759/60Jul 31$0.70$0.302.33$56.30$59.70
54/5760/62Aug 7$2.06$0.942.19$54.94$62.06
56/5760/61Jul 31$0.67$0.332.03$56.33$60.67

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 13 found (best R:R 32.33, cheapest $0.05)

CALLS (4)
LowMidHighExpiryDebitMax GainR:R
$62.00$64.00$66.00Aug 7$0.06$1.9432.33
$60.00$62.00$64.00Aug 7$0.11$1.8917.18
$60.00$61.00$62.00Jul 31$0.08$0.9211.50
$56.00$57.00$58.00Jul 24$0.28$0.722.57
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$48.00$49.00$50.00Aug 7$0.05$0.9519.00
$51.00$52.00$53.00Jul 31$0.07$0.9313.29
$55.00$56.00$57.00Jul 31$0.12$0.887.33
$54.00$57.00$60.00Aug 7$0.38$2.626.89
$56.00$57.00$58.00Jul 24$0.14$0.866.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 36 found (best net $-0.37, 29 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$60.00$65.001:2Aug 21-$0.37$4.63
$56.00$60.001:2Aug 21-$1.21$2.79
$61.00$63.001:2Jul 24-$0.05$1.95
$57.00$59.001:2Jul 31-$0.11$1.89
$58.00$60.001:2Jul 24-$0.17$1.83
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$60.00$55.001:2Aug 21-$1.10$3.90
$55.00$51.001:2Aug 21-$0.76$3.24
$55.00$53.001:2Jul 31-$0.13$1.87
$47.00$45.001:2Aug 7-$0.22$1.78
$57.00$54.001:2Aug 7-$1.41$1.59

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 17 found (best yield 7.50%, avg 2.43%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$56.00Aug 21$4.200.540.0%7.50%7.52%524
$57.00Aug 14$3.400.501.8%6.07%7.88%3--
$60.00Aug 21$2.650.407.2%4.73%11.89%3--
$59.00Aug 7$2.450.415.4%4.38%9.75%1--
$60.00Aug 7$2.050.387.2%3.66%10.82%3313
$62.00Aug 7$1.550.3110.7%2.77%13.50%1--
$65.00Aug 21$1.400.2616.1%2.50%18.59%1441
$57.00Jul 31$1.200.431.8%2.14%3.95%7206
$64.00Aug 7$1.200.2614.3%2.14%16.45%1--
$66.00Aug 7$0.800.2017.9%1.43%19.31%1--

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 307
Total Puts 528
Put/Call Ratio 1.72
Net Difference -221

Prior's Put/Call Breakdown

Total Calls 989
Total Puts 646
Put/Call Ratio 0.65
Net Difference 343

Prior 7-Day Put/Call Summary

Total Calls 12,852
Total Puts 5,049
Average Put/Call Ratio 0.43
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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