Tour v423
VRTX
VERTEX PHARMACEUTICA
$479.00 +0.34%
$479.52 (+0.11%)🌙
as of 07/27 07:16 PM
7/27 19:16

Option Volume

Detail
Current (07/27) 3,869
Calls: 1,936 (50%)
Puts: 1,933 (50%)
Prior (07/24) 4,849
Calls: 711 (15%)
Puts: 4,138 (85%)
Current vs Prior -20.21%
Calls: +172.29% (Calls)
Puts: -53.29% (Puts)
Prior 7-Day Total 25,832
Calls: 6,444 (25%)
Puts: 19,388 (75%)
Prior 7-Day Average 3,690
Calls: 920 (25%)
Puts: 2,769 (75%)
Current vs Prior 7-Day Avg +4.84%
Calls: +110.30%
Puts: -30.21%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/27) $3.51M
Calls: $1.76M (50%)
Puts: $1.76M (50%)
Prior (07/24) $1.80M
Calls: $887.3K (49%)
Puts: $908.7K (51%)
Current vs Prior +95.71%
Calls: +98.32%
Puts: +93.16%
Prior 7-Day Total $15.86M
Calls: $8.46M (53%)
Puts: $7.40M (47%)
Prior 7-Day Average $2.27M
Calls: $1.21M (53%)
Puts: $1.06M (47%)
Current vs Prior 7-Day Avg +55.14%
Calls: +45.57%
Puts: +66.09%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/27) 1.00
Prior (07/24) 5.82
Current vs Prior -82.84%
Prior 7-Day Average 2.72
Current vs Prior 7-Day Avg -63.35%
Sentiment NEUTRAL

Open Interest

Detail
Current (07/27) 6,937
Calls: 3,209 (46%)
Puts: 3,728 (54%)
Prior (07/24) 7,287
Calls: 4,393 (60%)
Puts: 2,894 (40%)
Current vs Prior -4.80%
Prior 7-Day Total 54,494
Calls: 27,948 (51%)
Puts: 26,546 (49%)
Prior 7-Day Average 7,784
Calls: 3,992 (51%)
Puts: 3,792 (49%)
Current vs Prior 7-Day Avg -10.89%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 2.67% | 6.95%8.58% | 12.37%
Prior 3.57% | 7.09%8.88% | 12.54%
Current vs Prior -25.18% | -1.96%-3.40% | -1.34%
Prior 7-Day Avg 2.73% | 4.90%6.94% | 11.84%
Current vs 7-Day Avg -2.17% | +41.81%+23.67% | +4.51%
Prior 7-Day Eod 3.57% | 7.09%8.88% | 12.54%
Current vs 7-Day Eod -25.18% | -1.96%-3.40% | -1.34%
Sentiment BULLISHBULLISH

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

Elevated premium activity with dollar volume up 96% vs prior. Dollar volume significantly above 7-day average (55% higher). P/C ratio dropping 83% - sentiment shifting bullish.

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

No options available for this category

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. 17 found (avg delta 0.55, highest 0.63)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$475.00Aug 2120.6026.00$23.3023.2%60.552
$475.00Aug 1415.8022.70$19.2535.8%80.558
$477.50Aug 2118.0024.50$21.2530.6%60.53--
$477.50Aug 1415.3022.20$18.7536.8%60.52--
$480.00Aug 2116.9023.40$20.1532.3%30.51--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$495.00Aug 1423.1029.80$26.4525.3%10.63--
$495.00Aug 2125.7032.50$29.1023.4%20.60--
$492.50Aug 2123.0031.00$27.0029.6%140.58--
$495.00Sep 429.0035.00$32.0018.8%200.57--
$482.50Jul 314.909.90$7.4067.6%30.57--

Most actively traded options today. High liquidity = easy entry/exit. 89 active (total vol 2.7K, top 764)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$500.00Aug 219.4014.60$12.0043.3%7600.36521
$500.00Jul 310.001.40$0.70200.0%2800.1069
$497.50Jul 310.003.80$1.90200.0%1270.1873
$497.50Aug 76.4012.00$9.2060.9%700.34--
$520.00Aug 215.809.10$7.4544.3%620.25253
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$465.00Aug 2110.0016.70$13.3550.2%7640.3735
$472.50Jul 310.408.30$4.35181.6%790.3563
$470.00Aug 2813.2021.50$17.3547.8%330.416
$480.00Aug 2818.2025.40$21.8033.0%220.4913
$495.00Sep 429.0035.00$32.0018.8%200.57--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 11 strikes (avg 13.1%, max 43.1%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$530.00Jul 31Aug 2154.4%42.5%28.0%112211
$482.50Aug 7Aug 2148.1%41.2%16.9%4--
$510.00Aug 7Aug 1447.5%46.0%3.3%5115
$475.00Aug 14Aug 2139.1%38.6%1.3%1410
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$420.00Aug 7Sep 459.8%41.8%43.1%2--
$450.00Aug 7Aug 2147.3%39.7%19.2%7223
$485.00Aug 7Aug 2845.1%40.5%11.4%1518
$495.00Aug 14Sep 442.3%39.2%7.9%21--
$475.00Aug 14Aug 2839.1%36.7%6.4%73

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 58 found (best R:R 40.67, avg 4.92)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$507.50$520.00Jul 31$0.30$12.20$0.3040.67$507.80
$540.00$550.00Aug 21$0.28$9.72$0.2834.71$540.28
$515.00$520.00Aug 21$0.40$4.60$0.4011.50$515.40
$510.00$535.00Aug 7$2.55$22.45$2.558.80$512.55
$525.00$550.00Aug 28$2.63$22.37$2.638.51$527.63
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$425.00$420.00Aug 28$0.15$4.85$0.1532.33$424.85
$435.00$430.00Aug 21$0.25$4.75$0.2519.00$434.75
$450.00$420.00Aug 7$2.75$27.25$2.759.91$447.25
$450.00$440.00Aug 21$1.00$9.00$1.009.00$449.00
$472.50$470.00Jul 31$0.30$2.20$0.307.33$472.20

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 65 found (best R:R 5.25, avg 0.90)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$482.50$485.00Aug 7$2.05$2.05$0.454.56$484.55
$477.50$480.00Aug 14$2.05$2.05$0.454.56$479.55
$475.00$477.50Aug 21$2.05$2.05$0.454.56$477.05
$485.00$487.50Aug 14$1.60$1.60$0.901.78$486.60
$480.00$482.50Aug 7$1.55$1.55$0.951.63$481.55
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$495.00$492.50Aug 21$2.10$2.10$0.405.25$492.90
$495.00$490.00Sep 4$3.50$3.50$1.502.33$491.50
$492.50$485.00Aug 21$5.15$5.15$2.352.19$487.35
$482.50$480.00Aug 21$1.70$1.70$0.802.12$480.80
$495.00$485.00Aug 14$6.15$6.15$3.851.60$488.85

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 26 found (avg debit $5.74, cheapest $1.15)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$525.00Aug 21Aug 28$1.8538.6%38.7%
$550.00Aug 21Aug 28$1.9739.6%41.9%
$482.50Aug 7Aug 14$2.1548.1%42.8%
$477.50Aug 14Aug 21$2.5039.2%39.5%
$510.00Aug 7Aug 14$3.0047.5%46.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$425.00Aug 21Aug 28$1.1539.9%39.1%
$485.00Aug 7Aug 14$1.5045.1%43.1%
$450.00Aug 7Aug 14$1.7047.3%42.1%
$475.00Aug 14Aug 21$2.1039.1%38.6%
$495.00Aug 14Aug 21$2.6542.3%41.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 8 found (cheapest 2.53% of stock, avg 6.99%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$480.00Jul 31$5.88$6.25$12.13$467.87$492.132.53%
$485.00Aug 7$11.70$18.80$30.50$454.50$515.506.37%
$475.00Aug 14$19.25$15.10$34.35$440.65$509.357.17%
$480.00Aug 14$16.70$18.05$34.75$445.25$514.757.25%
$485.00Aug 14$14.95$20.30$35.25$449.75$520.257.36%
$480.00Aug 21$20.15$19.85$40.00$440.00$520.008.35%
$475.00Aug 21$23.30$17.20$40.50$434.50$515.508.46%
$482.50Aug 21$18.95$21.55$40.50$442.00$523.008.46%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 92 found (cheapest 0.64% of stock, avg 4.10%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$495.00$460.00Jul 31$1.85$1.20$3.05$456.95$498.05
$487.50$460.00Jul 31$2.20$1.20$3.40$456.60$490.90
$490.00$460.00Jul 31$2.58$1.20$3.78$456.22$493.78
$495.00$470.00Jul 31$1.85$4.05$5.90$464.10$500.90
$485.00$460.00Jul 31$4.78$1.20$5.98$454.02$490.98
$495.00$472.50Jul 31$1.85$4.35$6.20$466.30$501.20
$487.50$470.00Jul 31$2.20$4.05$6.25$463.75$493.75
$487.50$472.50Jul 31$2.20$4.35$6.55$465.95$494.05
$490.00$470.00Jul 31$2.58$4.05$6.63$463.37$496.63
$490.00$472.50Jul 31$2.58$4.35$6.93$465.57$496.93

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 162 found (best R:R 32.33, avg credit $4.65)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
435/440520/525Aug 21$4.85$0.1532.33$435.15$524.85
480/482498/500Jul 31$2.35$0.1515.67$480.15$499.85
470/472480/482Aug 21$2.35$0.1515.67$470.15$482.35
475/480520/525Aug 28$4.70$0.3015.67$475.30$524.70
475/480485/488Aug 14$4.55$0.4510.11$475.45$489.55
480/485500/505Aug 14$4.50$0.509.00$480.50$504.50
470/472478/480Aug 21$2.25$0.259.00$470.25$479.75
480/482490/492Jul 31$2.23$0.278.26$480.27$492.23
435/440475/478Aug 21$4.45$0.558.09$435.55$479.45
465/470520/525Aug 21$4.25$0.755.67$465.75$524.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 14 found (best R:R 49.00, cheapest $0.10)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$500.00$505.00$510.00Aug 7$0.35$4.6513.29
$530.00$540.00$550.00Aug 21$2.69$7.312.72
$475.00$477.50$480.00Aug 21$0.95$1.551.63
$477.50$480.00$482.50Aug 14$1.25$1.251.00
$490.00$492.50$495.00Jul 31$1.43$1.070.75
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$460.00$465.00$470.00Aug 21$0.10$4.9049.00
$450.00$460.00$470.00Aug 7$1.45$8.555.90
$440.00$450.00$460.00Aug 21$2.60$7.402.85
$470.00$475.00$480.00Aug 28$1.65$3.352.03
$420.00$425.00$430.00Aug 21$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. 39 found (best net $-0.70, 27 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$525.00$550.001:2Aug 28-$1.59$23.41
$482.50$500.001:2Aug 21-$5.05$12.45
$500.00$515.001:2Aug 21-$3.70$11.30
$520.00$530.001:2Jul 31-$0.78$9.22
$540.00$550.001:2Aug 21-$1.97$8.03
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$490.00$460.001:2Sep 4-$0.70$29.30
$485.00$470.001:2Aug 7-$3.70$11.30
$460.00$450.001:2Aug 7-$2.75$7.25
$470.00$460.001:2Aug 7-$3.65$6.35
$460.00$450.001:2Aug 21-$4.45$5.55

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 34 found (best yield 3.53%, avg 1.30%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$480.00Aug 21$16.900.510.2%3.53%3.74%3--
$482.50Aug 21$15.500.490.7%3.24%3.97%2--
$480.00Aug 14$13.500.500.2%2.82%3.03%319
$482.50Aug 14$12.800.480.7%2.67%3.40%2--
$485.00Aug 14$12.200.461.2%2.55%3.80%1--
$480.00Aug 7$11.800.500.2%2.46%2.67%218
$482.50Aug 7$10.600.470.7%2.21%2.94%2--
$487.50Aug 14$10.000.431.8%2.09%3.86%1--
$490.00Aug 14$10.000.422.3%2.09%4.38%85
$485.00Aug 7$9.400.441.2%1.96%3.22%2--

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 1,936
Total Puts 1,933
Put/Call Ratio 1.00
Net Difference 3

Prior's Put/Call Breakdown

Total Calls 711
Total Puts 4,138
Put/Call Ratio 5.82
Net Difference -3,427

Prior 7-Day Put/Call Summary

Total Calls 6,444
Total Puts 19,388
Average Put/Call Ratio 2.72
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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