Tour v473
VRTX
VERTEX PHARMACEUTICA
$481.70 -0.34%
$478.74 (-0.61%)🌙
as of 07/30 07:47 PM
7/30 19:47

Option Volume

Detail
Current (07/30) 1,235
Calls: 417 (34%)
Puts: 818 (66%)
Prior (07/29) 1,567
Calls: 666 (43%)
Puts: 901 (57%)
Current vs Prior -21.19%
Calls: -37.39% (Calls)
Puts: -9.21% (Puts)
Prior 7-Day Total 17,010
Calls: 5,577 (33%)
Puts: 11,433 (67%)
Prior 7-Day Average 2,430
Calls: 796 (33%)
Puts: 1,633 (67%)
Current vs Prior 7-Day Avg -49.18%
Calls: -47.66%
Puts: -49.92%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/30) $1.17M
Calls: $762.6K (65%)
Puts: $409.4K (35%)
Prior (07/29) $989.5K
Calls: $631.4K (64%)
Puts: $358.1K (36%)
Current vs Prior +18.43%
Calls: +20.77%
Puts: +14.31%
Prior 7-Day Total $12.66M
Calls: $5.95M (47%)
Puts: $6.71M (53%)
Prior 7-Day Average $1.81M
Calls: $850.6K (47%)
Puts: $958.1K (53%)
Current vs Prior 7-Day Avg -35.20%
Calls: -10.35%
Puts: -57.27%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/30) 1.96
Prior (07/29) 1.35
Current vs Prior +45.00%
Prior 7-Day Average 2.20
Current vs Prior 7-Day Avg -10.67%
Sentiment BEARISH

Open Interest

Detail
Current (07/30) 5,474
Calls: 1,399 (26%)
Puts: 4,075 (74%)
Prior (07/29) 3,672
Calls: 2,239 (61%)
Puts: 1,433 (39%)
Current vs Prior +49.07%
Prior 7-Day Total 45,209
Calls: 22,152 (49%)
Puts: 23,057 (51%)
Prior 7-Day Average 6,458
Calls: 3,164 (49%)
Puts: 3,293 (51%)
Current vs Prior 7-Day Avg -15.24%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 2.34% | 6.38%8.18% | 11.86%
Prior 2.27% | 6.84%8.90% | 11.58%
Current vs Prior +3.36% | -6.64%-8.06% | +2.49%
Prior 7-Day Avg 2.48% | 5.79%8.98% | 12.26%
Current vs 7-Day Avg -5.69% | +10.35%-8.88% | -3.21%
Prior 7-Day Eod 2.27% | 6.84%8.90% | 11.58%
Current vs 7-Day Eod +3.36% | -6.64%-8.06% | +2.49%
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

Moderately bullish flow with 65% call dollar volume ($762.6K). Extreme bearish P/C ratio of 1.96 - heavy put buying. P/C ratio rising 45% - increased hedging/bearish positioning. Put-heavy open interest (4,075 puts vs 1,399 calls) suggests hedging or 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 BEARISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
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 2 of results (avg 9.0%, best 8.7%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$420.00Aug 760.1066.00$63.059.4%10.97--
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$472.50Aug 2114.3015.60$14.958.7%200.40107

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. 27 found (avg delta 0.66, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$420.00Aug 760.1066.00$63.059.4%10.97--
$440.00Aug 741.5047.60$44.5513.7%10.89--
$440.00Aug 1442.0049.00$45.5015.4%10.83--
$462.50Jul 3115.8022.00$18.9032.8%10.82--
$457.50Aug 726.7033.00$29.8521.1%10.81--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$490.00Jul 316.4013.00$9.7068.0%20.72--
$495.00Aug 718.0026.00$22.0036.4%50.63--
$485.00Jul 312.5010.00$6.25120.0%40.6123
$495.00Aug 1420.3026.70$23.5027.2%50.59--
$482.50Jul 311.259.90$5.58155.0%10.5546

Most actively traded options today. High liquidity = easy entry/exit. 86 active (total vol 977, top 122)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Aug 2828.1033.20$30.6516.6%1220.62102
$475.00Jul 315.3011.00$8.1569.9%300.6512
$510.00Aug 214.7013.00$8.8593.8%220.3154
$485.00Sep 419.1026.00$22.5530.6%200.50--
$485.00Sep 1119.7027.10$23.4031.6%200.51--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$415.00Aug 70.003.40$1.70200.0%960.0722
$425.00Aug 70.001.45$0.73198.6%940.0425
$435.00Aug 70.702.45$1.58110.8%890.0925
$410.00Aug 70.154.20$2.18185.8%520.08156
$420.00Aug 70.001.20$0.60200.0%370.0421

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 22 strikes (avg 41.5%, max 129.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$470.00Jul 31Aug 2892.6%40.4%129.2%127102
$462.50Jul 31Aug 791.7%53.0%73.0%3--
$490.00Jul 31Sep 1160.6%36.8%64.7%1893
$485.00Jul 31Sep 1156.7%37.0%53.1%3576
$497.50Jul 31Aug 1458.9%40.2%46.5%2--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$450.00Jul 31Sep 486.4%41.3%109.2%1314
$455.00Jul 31Aug 780.7%46.7%72.9%1220
$490.00Jul 31Sep 1160.6%36.8%64.7%11--
$480.00Jul 31Aug 2854.9%39.8%38.0%415
$440.00Aug 7Aug 2156.5%42.3%33.5%13208

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 58 found (best R:R 77.95, avg 7.12)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$500.00$530.00Jul 31$0.38$29.62$0.3877.95$500.38
$485.00$487.50Jul 31$0.10$2.40$0.1024.00$485.10
$495.00$497.50Jul 31$0.20$2.30$0.2011.50$495.20
$500.00$505.00Aug 7$0.58$4.42$0.587.62$500.58
$510.00$520.00Aug 14$1.22$8.78$1.227.20$511.22
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$410.00$400.00Aug 7$0.13$9.87$0.1375.92$409.87
$425.00$420.00Aug 7$0.13$4.87$0.1337.46$424.87
$455.00$450.00Jul 31$0.20$4.80$0.2024.00$454.80
$440.00$425.00Aug 21$1.02$13.98$1.0213.71$438.98
$445.00$440.00Aug 7$0.38$4.62$0.3812.16$444.62

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 68 found (best R:R 32.33, avg 1.71)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$462.50$467.50Jul 31$4.85$4.85$0.1532.33$467.35
$470.00$472.50Jul 31$2.35$2.35$0.1515.67$472.35
$420.00$440.00Aug 7$18.50$18.50$1.5012.33$438.50
$440.00$457.50Aug 7$14.70$14.70$2.805.25$454.70
$467.50$470.00Jul 31$1.90$1.90$0.603.17$469.40
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$477.50$475.00Aug 7$1.85$1.85$0.652.85$475.65
$490.00$485.00Jul 31$3.45$3.45$1.552.23$486.55
$470.00$465.00Aug 21$3.05$3.05$1.951.56$466.95
$475.00$470.00Aug 7$2.90$2.90$2.101.38$472.10
$495.00$480.00Aug 7$8.50$8.50$6.501.31$486.50

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 23 found (avg debit $6.84, cheapest $0.95)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$440.00Aug 7Aug 14$0.9556.5%52.1%
$510.00Aug 7Aug 14$2.0242.0%38.3%
$505.00Aug 7Aug 14$2.0844.3%39.5%
$500.00Jul 31Aug 7$5.0754.8%41.3%
$462.50Jul 31Aug 7$7.4091.7%53.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$495.00Aug 7Aug 14$1.5045.1%45.0%
$440.00Aug 7Aug 21$2.4356.5%42.3%
$455.00Jul 31Aug 7$2.5380.7%46.7%
$450.00Jul 31Aug 7$2.8886.4%52.8%
$425.00Aug 7Aug 21$3.1053.2%48.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 14 found (cheapest 1.99% of stock, avg 6.26%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$482.50Jul 31$4.00$5.58$9.58$472.92$492.081.99%
$485.00Jul 31$3.68$6.25$9.93$475.07$494.932.06%
$480.00Jul 31$5.70$4.85$10.55$469.45$490.552.19%
$477.50Jul 31$6.30$4.33$10.63$466.87$488.132.21%
$475.00Jul 31$8.15$3.98$12.13$462.87$487.132.52%
$490.00Jul 31$2.42$9.70$12.12$477.88$502.122.52%
$475.00Aug 7$19.10$11.10$30.20$444.80$505.206.27%
$462.50Aug 7$26.30$6.45$32.75$429.75$495.256.80%
$470.00Aug 21$28.05$13.70$41.75$428.25$511.758.67%
$470.00Aug 28$30.65$15.75$46.40$423.60$516.409.63%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 67 found (cheapest 0.51% of stock, avg 2.85%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$492.50$450.00Jul 31$1.93$0.55$2.48$447.52$494.98
$492.50$455.00Jul 31$1.93$0.75$2.68$452.32$495.18
$490.00$450.00Jul 31$2.42$0.55$2.97$447.03$492.97
$490.00$455.00Jul 31$2.42$0.75$3.17$451.83$493.17
$487.50$450.00Jul 31$3.58$0.55$4.13$445.87$491.63
$485.00$450.00Jul 31$3.68$0.55$4.23$445.77$489.23
$487.50$455.00Jul 31$3.58$0.75$4.33$450.67$491.83
$485.00$455.00Jul 31$3.68$0.75$4.43$450.57$489.43
$482.50$450.00Jul 31$4.00$0.55$4.55$445.45$487.05
$482.50$455.00Jul 31$4.00$0.75$4.75$450.25$487.25

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 111 found (best R:R 49.00, avg credit $5.17)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
475/478485/490Aug 7$4.90$0.1049.00$472.60$489.90
455/462468/475Aug 7$7.07$0.4316.44$455.43$474.57
400/410420/440Aug 7$18.63$1.3713.60$391.37$438.63
470/475505/510Aug 7$4.49$0.518.80$470.51$509.49
425/435440/458Aug 7$15.55$1.957.97$419.45$455.55
435/440458/462Aug 7$4.39$0.617.20$435.61$461.89
455/462490/500Aug 7$8.67$1.336.52$453.83$498.67
400/410440/458Aug 7$14.83$2.675.55$395.17$454.83
420/425440/458Aug 7$14.83$2.675.55$410.17$454.83
470/475490/500Aug 7$8.40$1.605.25$466.60$498.40

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 13 found (best R:R 24.00, cheapest $0.17)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$457.50$462.50$467.50Aug 7$0.25$4.7519.00
$482.50$485.00$487.50Jul 31$0.22$2.2810.36
$492.50$495.00$497.50Jul 31$0.63$1.872.97
$487.50$490.00$492.50Jul 31$0.67$1.832.73
$470.00$472.50$475.00Jul 31$0.70$1.802.57
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$460.00$465.00$470.00Aug 28$0.20$4.8024.00
$440.00$445.00$450.00Aug 7$0.25$4.7519.00
$475.00$477.50$480.00Jul 31$0.17$2.3313.71
$477.50$480.00$482.50Jul 31$0.21$2.2910.90
$450.00$470.00$490.00Sep 4$2.70$17.306.41

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 41 found (best net $-4.70, 32 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$490.00$500.001:2Aug 7-$0.05$9.95
$510.00$520.001:2Aug 14-$2.96$7.04
$505.00$510.001:2Aug 7-$1.79$3.21
$497.50$500.001:2Jul 31-$0.06$2.44
$440.00$457.501:2Aug 7-$15.15$2.35
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$470.00$450.001:2Sep 4-$4.70$15.30
$440.00$425.001:2Aug 21-$2.81$12.19
$490.00$470.001:2Sep 4-$8.70$11.30
$495.00$480.001:2Aug 7-$5.00$10.00
$410.00$400.001:2Aug 7-$1.92$8.08

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 22 found (best yield 4.09%, avg 1.30%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$485.00Sep 11$19.700.510.7%4.09%4.77%20--
$485.00Sep 4$19.100.500.7%3.97%4.65%20--
$490.00Sep 11$17.900.481.7%3.72%5.44%2--
$490.00Sep 4$16.900.471.7%3.51%5.23%2--
$485.00Aug 7$12.200.510.7%2.53%3.22%1125
$490.00Aug 14$11.600.451.7%2.41%4.13%210
$490.00Aug 7$8.100.451.7%1.68%3.40%923
$497.50Aug 14$5.400.373.3%1.12%4.40%1--
$510.00Aug 21$4.700.315.9%0.98%6.85%2254
$515.00Aug 21$4.500.286.9%0.93%7.85%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 417
Total Puts 818
Put/Call Ratio 1.96
Net Difference -401

Prior's Put/Call Breakdown

Total Calls 666
Total Puts 901
Put/Call Ratio 1.35
Net Difference -235

Prior 7-Day Put/Call Summary

Total Calls 5,577
Total Puts 11,433
Average Put/Call Ratio 2.20
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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