Tour v397
VRTX
VERTEX PHARMACEUTICA
$477.36 +0.89%
$473.11 (-0.89%)🌅
as of 07/25 04:09 AM
7/24 04:09

Option Volume

Detail
Current (07/25) 4,849
Calls: 711 (15%)
Puts: 4,138 (85%)
Prior (07/23) 2,992
Calls: 1,003 (34%)
Puts: 1,989 (66%)
Current vs Prior +62.07%
Calls: -29.11% (Calls)
Puts: +108.04% (Puts)
Prior 7-Day Total 23,939
Calls: 7,244 (30%)
Puts: 16,695 (70%)
Prior 7-Day Average 3,419
Calls: 1,034 (30%)
Puts: 2,385 (70%)
Current vs Prior 7-Day Avg +41.79%
Calls: -31.29%
Puts: +73.50%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/25) $1.80M
Calls: $887.3K (49%)
Puts: $908.7K (51%)
Prior (07/23) $2.86M
Calls: $1.03M (36%)
Puts: $1.83M (64%)
Current vs Prior -37.31%
Calls: -14.07%
Puts: -50.41%
Prior 7-Day Total $19.03M
Calls: $10.31M (54%)
Puts: $8.72M (46%)
Prior 7-Day Average $2.72M
Calls: $1.47M (54%)
Puts: $1.25M (46%)
Current vs Prior 7-Day Avg -33.95%
Calls: -39.78%
Puts: -27.06%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/25) 5.82
Prior (07/23) 1.98
Current vs Prior +193.49%
Prior 7-Day Average 2.15
Current vs Prior 7-Day Avg +171.08%
Sentiment BEARISH

Open Interest

Detail
Current (07/25) 7,287
Calls: 4,393 (60%)
Puts: 2,894 (40%)
Prior (07/23) 8,818
Calls: 4,021 (46%)
Puts: 4,797 (54%)
Current vs Prior -17.36%
Prior 7-Day Total 56,286
Calls: 28,385 (50%)
Puts: 27,901 (50%)
Prior 7-Day Average 8,040
Calls: 4,055 (50%)
Puts: 3,985 (50%)
Current vs Prior 7-Day Avg -9.38%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 3.57% | 7.09%8.88% | 12.54%
Prior 1.80% | 3.84%9.23% | 12.51%
Current vs Prior +98.33% | +84.83%-3.73% | +0.19%
Prior 7-Day Avg 2.51% | 4.49%5.96% | 11.61%
Current vs 7-Day Avg +42.03% | +58.04%+48.96% | +8.00%
Prior 7-Day Eod 1.80% | 3.84%9.23% | 12.51%
Current vs 7-Day Eod +98.33% | +84.83%-3.73% | +0.19%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 125.66% | 9.21%
Calls: 67.80% | 10.00%
Puts: 183.51% | 8.43%
Prior 125.66% | 9.21%
Calls: 67.80% | 10.00%
Puts: 183.51% | 8.43%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 125.66% | 9.21%
Calls: 67.80% | 10.00%
Puts: 183.51% | 8.43%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Above-average activity with volume up 62% vs prior. Extreme bearish P/C ratio of 5.82 - heavy put buying. P/C ratio rising 193% - increased hedging/bearish positioning. Call-heavy open interest (4,393 calls vs 2,894 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BULLISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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 9.7%, best 9.7%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$400.00Aug 775.2082.90$79.059.7%10.92--
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. 13 found (avg delta 0.64, highest 0.93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$420.00Aug 756.1063.80$59.9512.8%10.93--
$400.00Aug 775.2082.90$79.059.7%10.92--
$465.00Aug 719.9026.60$23.2528.8%10.65--
$475.00Aug 1418.5021.50$20.0015.0%10.55--
$475.00Aug 2119.5025.80$22.6527.8%10.55--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$500.00Jul 3119.4026.60$23.0031.3%10.891
$485.00Jul 3110.9012.70$11.8015.3%60.6215
$482.50Jul 317.6012.50$10.0548.8%280.6014
$490.00Aug 2123.0029.00$26.0023.1%10.57--
$480.00Jul 316.5011.10$8.8052.3%60.54--

Most actively traded options today. High liquidity = easy entry/exit. 52 active (total vol 300, top 58)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$505.00Jul 310.057.10$3.58196.9%580.1115
$480.00Jul 314.908.50$6.7053.7%340.46107
$485.00Jul 313.707.60$5.6569.0%270.3864
$482.50Jul 312.008.50$5.25123.8%200.4027
$495.00Jul 311.254.90$3.08118.5%120.2345
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$482.50Jul 317.6012.50$10.0548.8%280.6014
$460.00Jul 311.758.00$4.88128.1%150.1814
$470.00Jul 313.906.50$5.2050.0%100.35111
$455.00Jul 310.754.40$2.58141.5%80.187
$480.00Jul 316.5011.10$8.8052.3%60.54--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 4.2%, max 7.7%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$520.00Aug 21Sep 438.4%38.1%0.7%3253
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$425.00Aug 21Aug 2845.0%41.7%7.7%2--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 31 found (best R:R 32.33, avg 4.66)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$490.00$495.00Jul 31$0.15$4.85$0.1532.33$490.15
$525.00$540.00Aug 21$0.90$14.10$0.9015.67$525.90
$505.00$515.00Jul 31$1.00$9.00$1.009.00$506.00
$525.00$555.00Aug 28$3.17$26.83$3.178.46$528.17
$540.00$550.00Aug 21$1.80$8.20$1.804.56$541.80
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$410.00$400.00Aug 21$0.40$9.60$0.4024.00$409.60
$425.00$410.00Aug 21$2.50$12.50$2.505.00$422.50
$450.00$425.00Aug 21$4.35$20.65$4.354.75$445.65
$470.00$465.00Jul 31$1.02$3.98$1.023.90$468.98
$460.00$425.00Aug 28$8.55$26.45$8.553.09$451.45

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 36 found (best R:R 21.22, avg 1.48)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$400.00$420.00Aug 7$19.10$19.10$0.9021.22$419.10
$477.50$480.00Jul 31$2.10$2.10$0.405.25$479.60
$420.00$465.00Aug 7$36.70$36.70$8.304.42$456.70
$480.00$482.50Jul 31$1.45$1.45$1.051.38$481.45
$475.00$480.00Aug 14$2.90$2.90$2.101.38$477.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$500.00$485.00Jul 31$11.20$11.20$3.802.95$488.80
$485.00$482.50Jul 31$1.75$1.75$0.752.33$483.25
$482.50$480.00Jul 31$1.25$1.25$1.251.00$481.25
$490.00$475.00Aug 21$7.30$7.30$7.700.95$482.70
$460.00$455.00Jul 31$2.30$2.30$2.700.85$457.70

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $6.95, cheapest $0.75)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$525.00Aug 21Aug 28$1.8536.8%37.8%
$475.00Aug 14Aug 21$2.6537.7%39.0%
$520.00Aug 21Sep 4$3.3038.4%38.1%
$500.00Jul 31Aug 7$8.2527.2%48.2%
$480.00Jul 31Aug 14$10.4029.8%39.0%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$425.00Aug 21Aug 28$0.7545.0%41.7%
$475.00Jul 31Aug 14$8.2032.5%37.7%
$460.00Jul 31Aug 28$9.4730.5%38.1%
$465.00Jul 31Aug 28$12.1235.3%37.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 7 found (cheapest 3.21% of stock, avg 5.71%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$482.50Jul 31$5.25$10.05$15.30$467.20$497.803.21%
$480.00Jul 31$6.70$8.80$15.50$464.50$495.503.25%
$485.00Jul 31$5.65$11.80$17.45$467.55$502.453.66%
$500.00Jul 31$1.05$23.00$24.05$475.95$524.055.04%
$475.00Aug 14$20.00$15.45$35.45$439.55$510.457.43%
$475.00Aug 21$22.65$18.70$41.35$433.65$516.358.66%
$490.00Aug 21$15.70$26.00$41.70$448.30$531.708.74%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 62 found (cheapest 1.22% of stock, avg 3.15%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$490.00$455.00Jul 31$3.23$2.58$5.81$449.19$495.81
$540.00$400.00Aug 21$4.15$2.15$6.30$393.70$546.30
$540.00$410.00Aug 21$4.15$2.55$6.70$403.30$546.70
$487.50$455.00Jul 31$4.58$2.58$7.16$447.84$494.66
$525.00$400.00Aug 21$5.05$2.15$7.20$392.80$532.20
$490.00$465.00Jul 31$3.23$4.18$7.41$457.59$497.41
$525.00$410.00Aug 21$5.05$2.55$7.60$402.40$532.60
$482.50$455.00Jul 31$5.25$2.58$7.83$447.17$490.33
$490.00$460.00Jul 31$3.23$4.88$8.11$451.89$498.11
$485.00$455.00Jul 31$5.65$2.58$8.23$446.77$493.23

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 73 found (best R:R 13.71, avg credit $5.31)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
480/482495/498Jul 31$2.33$0.1713.71$480.17$497.33
480/482485/488Jul 31$2.32$0.1812.89$480.18$487.32
455/460478/480Jul 31$4.40$0.607.33$455.60$481.90
480/482498/500Jul 31$2.20$0.307.33$480.30$499.70
470/475478/480Jul 31$4.15$0.854.88$470.85$481.65
485/500505/515Jul 31$12.20$2.804.36$487.80$517.20
455/460480/482Jul 31$3.75$1.253.00$456.25$483.75
455/460488/490Jul 31$3.65$1.352.70$456.35$491.15
470/475480/482Jul 31$3.50$1.502.33$471.50$483.50
475/490500/520Aug 21$13.75$6.252.20$476.25$513.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 8 found (best R:R 18.23, cheapest $0.13)

CALLS (4)
LowMidHighExpiryDebitMax GainR:R
$495.00$497.50$500.00Jul 31$0.13$2.3718.23
$480.00$490.00$500.00Aug 21$2.20$7.803.55
$477.50$480.00$482.50Jul 31$0.65$1.852.85
$480.00$482.50$485.00Jul 31$1.85$0.650.35
PUTS (4)
LowMidHighExpiryDebitMax GainR:R
$425.00$450.00$475.00Aug 21$4.95$20.054.05
$480.00$482.50$485.00Jul 31$0.50$2.004.00
$465.00$470.00$475.00Jul 31$1.03$3.973.85
$460.00$465.00$470.00Jul 31$1.72$3.281.91

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 24 found (best net $-0.56, 20 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$525.00$555.001:2Aug 28-$0.56$29.44
$500.00$520.001:2Aug 21-$0.15$19.85
$515.00$530.001:2Jul 31-$3.08$11.92
$525.00$540.001:2Aug 21-$3.25$11.75
$540.00$550.001:2Aug 21-$0.55$9.45
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$475.00$450.001:2Aug 21-$0.10$24.90
$450.00$425.001:2Aug 21-$0.70$24.30
$425.00$410.001:2Aug 21-$0.05$14.95
$500.00$485.001:2Jul 31-$0.60$14.40
$410.00$400.001:2Aug 21-$1.75$8.25

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 22 found (best yield 3.44%, avg 1.24%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$480.00Aug 21$16.400.510.6%3.44%3.99%163
$480.00Aug 14$15.500.510.6%3.25%3.80%221
$490.00Aug 28$14.300.442.6%3.00%5.64%21
$490.00Aug 21$12.700.442.6%2.66%5.31%163
$500.00Aug 21$11.200.374.7%2.35%7.09%4521
$492.50Aug 7$9.500.383.2%1.99%5.16%21
$477.50Jul 31$6.900.510.0%1.45%1.47%1--
$500.00Aug 7$6.800.334.7%1.42%6.17%1--
$520.00Aug 21$6.100.238.9%1.28%10.21%2253
$520.00Sep 4$5.800.288.9%1.22%10.15%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 711
Total Puts 4,138
Put/Call Ratio 5.82
Net Difference -3,427

Prior's Put/Call Breakdown

Total Calls 1,003
Total Puts 1,989
Put/Call Ratio 1.98
Net Difference -986

Prior 7-Day Put/Call Summary

Total Calls 7,244
Total Puts 16,695
Average Put/Call Ratio 2.15
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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