Tour v452
VRTX
VERTEX PHARMACEUTICA
$490.39 +2.38%
$492.29 (+0.39%)🌙
as of 07/28 07:16 PM
7/28 19:16

Option Volume

Detail
Current (07/28) 1,181
Calls: 323 (27%)
Puts: 858 (73%)
Prior (07/27) 3,869
Calls: 1,936 (50%)
Puts: 1,933 (50%)
Current vs Prior -69.48%
Calls: -83.32% (Calls)
Puts: -55.61% (Puts)
Prior 7-Day Total 24,354
Calls: 7,043 (29%)
Puts: 17,311 (71%)
Prior 7-Day Average 3,479
Calls: 1,006 (29%)
Puts: 2,473 (71%)
Current vs Prior 7-Day Avg -66.05%
Calls: -67.90%
Puts: -65.31%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/28) $927.3K
Calls: $490.9K (53%)
Puts: $436.3K (47%)
Prior (07/27) $3.51M
Calls: $1.76M (50%)
Puts: $1.76M (50%)
Current vs Prior -73.62%
Calls: -72.10%
Puts: -75.14%
Prior 7-Day Total $17.29M
Calls: $9.00M (52%)
Puts: $8.28M (48%)
Prior 7-Day Average $2.47M
Calls: $1.29M (52%)
Puts: $1.18M (48%)
Current vs Prior 7-Day Avg -62.45%
Calls: -61.82%
Puts: -63.13%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/28) 2.66
Prior (07/27) 1.00
Current vs Prior +166.05%
Prior 7-Day Average 2.44
Current vs Prior 7-Day Avg +8.92%
Sentiment BEARISH

Open Interest

Detail
Current (07/28) 5,328
Calls: 3,045 (57%)
Puts: 2,283 (43%)
Prior (07/27) 6,937
Calls: 3,209 (46%)
Puts: 3,728 (54%)
Current vs Prior -23.19%
Prior 7-Day Total 52,491
Calls: 25,899 (49%)
Puts: 26,592 (51%)
Prior 7-Day Average 7,498
Calls: 3,699 (49%)
Puts: 3,798 (51%)
Current vs Prior 7-Day Avg -28.95%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 2.21% | 7.05%8.99% | 12.18%
Prior 2.67% | 6.95%8.58% | 12.37%
Current vs Prior -17.36% | +1.34%+4.81% | -1.50%
Prior 7-Day Avg 2.82% | 5.27%7.87% | 12.12%
Current vs 7-Day Avg -21.79% | +33.63%+14.20% | +0.50%
Prior 7-Day Eod 2.67% | 6.95%8.58% | 12.37%
Current vs 7-Day Eod -17.36% | +1.34%+4.81% | -1.50%
Sentiment BULLISHBEARISH

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

Light premium activity with dollar volume down 74% vs prior. Below-average activity with volume down 69% vs prior. Extreme bearish P/C ratio of 2.66 - heavy put buying. P/C ratio rising 166% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
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 -- 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. 23 found (avg delta 0.69, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$450.00Jul 3137.6045.20$41.4018.4%10.97--
$455.00Jul 3132.8038.80$35.8016.8%10.97--
$450.00Aug 741.1047.00$44.0513.4%10.89--
$470.00Jul 3118.2025.20$21.7032.3%50.865
$480.00Jul 319.0015.30$12.1551.9%10.82--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$540.00Aug 2851.0056.80$53.9010.8%20.79--
$495.00Jul 315.9011.50$8.7064.4%30.653
$500.00Aug 718.5022.50$20.5019.5%100.5612
$500.00Aug 1420.4024.60$22.5018.7%100.56--
$500.00Aug 2822.7031.00$26.8530.9%20.54--

Most actively traded options today. High liquidity = easy entry/exit. 82 active (total vol 827, top 328)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$482.50Jul 317.0013.50$10.2563.4%310.7947
$500.00Jul 310.003.10$1.55200.0%280.24280
$540.00Aug 215.005.80$5.4014.8%270.2037
$500.00Aug 711.6014.60$13.1022.9%210.4423
$475.00Aug 1423.8031.00$27.4026.3%160.6811
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$430.00Aug 70.001.75$0.88198.9%3280.0551
$425.00Aug 70.001.80$0.90200.0%660.051
$410.00Aug 70.001.50$0.75200.0%480.04145
$440.00Aug 213.607.00$5.3064.2%370.16171
$490.00Aug 714.2017.90$16.0523.1%200.471

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 18.4%, max 38.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$540.00Aug 7Aug 2150.2%40.3%24.5%2862
$470.00Jul 31Aug 2148.5%40.3%20.4%65
$450.00Jul 31Aug 754.2%45.6%18.9%2--
$545.00Aug 7Sep 442.2%37.8%11.6%32
$550.00Aug 7Aug 2144.3%40.8%8.6%9--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$410.00Aug 7Aug 2862.9%45.6%38.0%49145
$500.00Aug 7Aug 2852.1%38.8%34.3%1212
$460.00Jul 31Sep 448.0%38.4%25.0%1033
$470.00Aug 7Sep 446.1%37.6%22.6%912
$490.00Aug 7Aug 1452.1%44.4%17.5%402

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 51 found (best R:R 99.00, avg 5.97)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$500.00$510.00Jul 31$0.65$9.35$0.6514.38$500.65
$510.00$520.00Jul 31$0.70$9.30$0.7013.29$510.70
$497.50$500.00Jul 31$0.30$2.20$0.307.33$497.80
$487.50$490.00Aug 14$0.30$2.20$0.307.33$487.80
$510.00$540.00Aug 7$6.07$23.93$6.073.94$516.07
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$425.00$410.00Aug 7$0.15$14.85$0.1599.00$424.85
$450.00$435.00Aug 7$0.53$14.47$0.5327.30$449.47
$482.50$480.00Jul 31$0.21$2.29$0.2110.90$482.29
$475.00$460.00Jul 31$1.47$13.53$1.479.20$473.53
$450.00$440.00Aug 21$1.10$8.90$1.108.09$448.90

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 61 found (best R:R 21.22, avg 1.48)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$470.00$480.00Jul 31$9.55$9.55$0.4521.22$479.55
$455.00$470.00Jul 31$14.10$14.10$0.9015.67$469.10
$490.00$492.50Jul 31$2.05$2.05$0.454.56$492.05
$480.00$482.50Jul 31$1.90$1.90$0.603.17$481.90
$482.50$487.50Jul 31$3.70$3.70$1.302.85$486.20
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$495.00$487.50Jul 31$6.32$6.32$1.185.36$488.68
$475.00$470.00Aug 7$3.75$3.75$1.253.00$471.25
$540.00$500.00Aug 28$27.05$27.05$12.952.09$512.95
$472.50$470.00Aug 21$1.35$1.35$1.151.17$471.15
$500.00$485.00Aug 28$7.80$7.80$7.201.08$492.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 23 found (avg debit $7.43, cheapest $1.58)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$450.00Jul 31Aug 7$2.6554.2%45.6%
$540.00Aug 7Aug 21$2.6750.2%40.3%
$550.00Aug 7Aug 21$3.0344.3%40.8%
$545.00Aug 7Aug 21$4.2542.2%42.6%
$510.00Jul 31Aug 7$7.9034.5%49.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$410.00Aug 7Aug 28$1.5862.9%45.6%
$490.00Aug 7Aug 14$1.8052.1%44.4%
$500.00Aug 7Aug 14$2.0052.1%42.7%
$405.00Aug 14Aug 28$2.4352.7%52.6%
$425.00Aug 7Aug 21$2.5054.4%49.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 10 found (cheapest 1.82% of stock, avg 5.87%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$487.50Jul 31$6.55$2.38$8.93$478.57$496.431.82%
$495.00Jul 31$2.75$8.70$11.45$483.55$506.452.33%
$482.50Jul 31$10.25$1.48$11.73$470.77$494.232.39%
$480.00Jul 31$12.15$1.27$13.42$466.58$493.422.74%
$500.00Aug 7$13.10$20.50$33.60$466.40$533.606.85%
$490.00Aug 7$18.15$16.05$34.20$455.80$524.206.97%
$490.00Aug 14$20.45$17.85$38.30$451.70$528.307.81%
$470.00Aug 21$34.10$10.55$44.65$425.35$514.659.10%
$500.00Aug 28$18.40$26.85$45.25$454.75$545.259.23%
$450.00Aug 7$44.05$2.08$46.13$403.87$496.139.41%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 90 found (cheapest 0.44% of stock, avg 3.02%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$510.00$480.00Jul 31$0.90$1.27$2.17$477.83$512.17
$510.00$482.50Jul 31$0.90$1.48$2.38$480.12$512.38
$500.00$480.00Jul 31$1.55$1.27$2.82$477.18$502.82
$510.00$485.00Jul 31$0.90$1.92$2.82$482.18$512.82
$510.00$475.00Jul 31$0.90$2.00$2.90$472.10$512.90
$500.00$482.50Jul 31$1.55$1.48$3.03$479.47$503.03
$497.50$480.00Jul 31$1.85$1.27$3.12$476.88$500.62
$510.00$487.50Jul 31$0.90$2.38$3.28$484.22$513.28
$497.50$482.50Jul 31$1.85$1.48$3.33$479.17$500.83
$500.00$485.00Jul 31$1.55$1.92$3.47$481.53$503.47

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 102 found (best R:R 9.42, avg credit $6.24)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
480/482490/492Jul 31$2.26$0.249.42$480.24$492.26
488/495498/500Jul 31$6.62$0.887.52$488.38$504.12
430/435490/495Aug 7$4.12$0.884.68$430.88$494.12
460/470500/510Aug 21$8.15$1.854.41$461.85$508.15
430/435480/485Aug 7$3.92$1.083.63$431.08$483.92
420/425470/478Aug 21$5.52$1.982.79$419.48$475.52
430/435450/480Aug 7$21.87$8.132.69$413.13$471.87
410/425450/480Aug 7$21.35$8.652.47$403.65$471.35
420/445460/500Aug 28$28.22$11.782.40$416.78$488.22
450/460500/510Aug 21$6.80$3.202.13$453.20$506.80

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 15 found (best R:R 32.33, cheapest $0.23)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$500.00$505.00$510.00Aug 7$0.70$4.306.14
$495.00$497.50$500.00Jul 31$0.60$1.903.17
$540.00$545.00$550.00Aug 7$1.55$3.452.23
$480.00$485.00$490.00Aug 7$1.80$3.201.78
$490.00$495.00$500.00Aug 7$1.85$3.151.70
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$440.00$450.00$460.00Aug 21$0.30$9.7032.33
$480.00$482.50$485.00Jul 31$0.23$2.279.87
$477.50$480.00$482.50Jul 31$0.24$2.269.42
$450.00$460.00$470.00Aug 21$1.35$8.656.41
$420.00$445.00$470.00Aug 28$3.38$21.626.40

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 51 found (best net $-1.65, 37 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$450.00$480.001:2Aug 7-$1.65$28.35
$530.00$560.001:2Aug 14-$4.14$25.86
$480.00$500.001:2Aug 21-$10.05$9.95
$500.00$510.001:2Jul 31-$0.25$9.75
$455.00$470.001:2Jul 31-$7.60$7.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$425.00$410.001:2Aug 7-$0.60$14.40
$450.00$435.001:2Aug 7-$1.02$13.98
$440.00$425.001:2Aug 21-$1.50$13.50
$490.00$475.001:2Aug 7-$3.95$11.05
$485.00$470.001:2Sep 4-$7.20$7.80

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 17 found (best yield 3.39%, avg 1.37%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$500.00Aug 21$16.600.472.0%3.39%5.34%51.1K
$500.00Aug 28$15.700.472.0%3.20%5.16%1--
$497.50Aug 14$14.000.471.4%2.85%4.30%1--
$495.00Aug 7$11.700.480.9%2.39%3.33%3--
$500.00Aug 7$11.600.442.0%2.37%4.33%2123
$510.00Aug 21$9.500.394.0%1.94%5.94%1--
$505.00Aug 7$8.500.393.0%1.73%4.71%1--
$510.00Aug 7$5.900.344.0%1.20%5.20%127
$540.00Aug 21$5.000.2010.1%1.02%11.14%2737
$545.00Sep 4$4.900.2211.1%1.00%12.14%22

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 323
Total Puts 858
Put/Call Ratio 2.66
Net Difference -535

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 7,043
Total Puts 17,311
Average Put/Call Ratio 2.44
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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