Tour v528
VRTX
VERTEX PHARMACEUTICA
$508.34 -1.55%
9/18 19:13

Option Volume

Detail
Current (09/18) 945
Calls: 560 (59%)
Puts: 385 (41%)
Prior (09/15) 1,061
Calls: 740 (70%)
Puts: 321 (30%)
Current vs Prior -10.93%
Calls: -24.32% (Calls)
Puts: +19.94% (Puts)
Prior 7-Day Total 11,126
Calls: 6,681 (60%)
Puts: 4,445 (40%)
Prior 7-Day Average 1,589
Calls: 954 (60%)
Puts: 635 (40%)
Current vs Prior 7-Day Avg -40.54%
Calls: -41.33%
Puts: -39.37%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/18) $1.08M
Calls: $683.0K (63%)
Puts: $398.4K (37%)
Prior (09/15) $1.88M
Calls: $1.49M (80%)
Puts: $383.5K (20%)
Current vs Prior -42.37%
Calls: -54.25%
Puts: +3.87%
Prior 7-Day Total $16.04M
Calls: $10.97M (68%)
Puts: $5.07M (32%)
Prior 7-Day Average $2.29M
Calls: $1.57M (68%)
Puts: $724.7K (32%)
Current vs Prior 7-Day Avg -52.81%
Calls: -56.41%
Puts: -45.03%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/18) 0.69
Prior (09/15) 0.43
Current vs Prior +58.49%
Prior 7-Day Average 0.64
Current vs Prior 7-Day Avg +7.70%
Sentiment BULLISH

Open Interest

Detail
Current (09/18) 7,158
Calls: 4,600 (64%)
Puts: 2,558 (36%)
Prior (09/15) 7,831
Calls: 4,790 (61%)
Puts: 3,041 (39%)
Current vs Prior -8.59%
Prior 7-Day Total 59,979
Calls: 36,663 (61%)
Puts: 23,316 (39%)
Prior 7-Day Average 8,568
Calls: 5,237 (61%)
Puts: 3,330 (39%)
Current vs Prior 7-Day Avg -16.46%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)
Current 1.20% | 3.59%1.20% | 7.14%
Prior 2.95% | 4.25%2.95% | 7.93%
Current vs Prior +21.55% | +13.05%-59.37% | -9.93%
Prior 7-Day Avg 2.63% | 4.23%4.12% | 8.51%
Current vs 7-Day Avg +36.30% | +13.52%-70.85% | -16.08%
Prior 7-Day Eod 2.95% | 4.25%2.95% | 7.93%
Current vs 7-Day Eod +21.55% | +13.05%-59.37% | -9.93%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 53.36% | 9.83%
Calls: 27.85% | 9.76%
Puts: 78.87% | 9.90%
Prior 53.36% | 9.83%
Calls: 27.85% | 9.76%
Puts: 78.87% | 9.90%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 53.36% | 9.83%
Calls: 27.85% | 9.76%
Puts: 78.87% | 9.90%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 63% call dollar volume ($683.0K). Bullish P/C ratio of 0.69. P/C ratio rising 58% - increased hedging/bearish positioning. Call-heavy open interest (4,600 calls vs 2,558 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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 1 of results (avg 10.0%, best 10.0%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$585.00Oct 273.2080.90$77.0510.0%10.87--

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. 34 found (avg delta 0.71, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$450.00Sep 1854.0061.90$57.9513.6%10.9451
$430.00Sep 1874.0081.90$77.9510.1%20.8827
$480.00Sep 2528.0033.00$30.5016.4%20.841
$480.00Sep 1826.2031.90$29.0519.6%10.80229
$500.00Sep 185.4011.80$8.6074.4%210.76295
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$585.00Oct 273.2080.90$77.0510.0%10.87--
$575.00Oct 263.2071.10$67.1511.8%10.86--
$510.00Sep 180.004.00$2.00200.0%1100.84499
$550.00Oct 941.5048.00$44.7514.5%20.84--
$522.50Sep 2512.4021.20$16.8052.4%10.81--

Most actively traded options today. High liquidity = easy entry/exit. 96 active (total vol 865, top 110)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$510.00Sep 180.002.00$1.00200.0%650.16347
$537.50Sep 250.200.90$0.55127.3%590.06--
$530.00Oct 92.6010.00$6.30117.5%590.2927
$530.00Oct 165.8010.90$8.3561.1%540.33155
$510.00Oct 1614.1019.60$16.8532.6%240.52117
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$510.00Sep 180.004.00$2.00200.0%1100.84499
$475.00Oct 234.208.80$6.5070.8%460.22--
$515.00Sep 183.1010.00$6.55105.3%450.6659
$525.00Oct 2323.6030.40$27.0025.2%150.6213
$525.00Oct 3024.4031.80$28.1026.3%150.6013

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 1271.6%, max 2311.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$527.50Sep 18Sep 25735.2%30.5%2311.1%718
$525.00Sep 18Oct 2693.7%29.8%2224.4%1366
$480.00Sep 18Sep 25950.1%45.6%1981.9%3230
$520.00Sep 18Oct 30585.4%31.4%1765.4%21275
$515.00Sep 18Oct 2415.0%29.7%1297.7%1561
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$525.00Sep 18Oct 30693.7%30.4%2183.4%1613
$520.00Sep 18Oct 23585.4%30.6%1810.2%892
$515.00Sep 18Oct 2415.0%29.7%1297.7%4659
$510.00Sep 18Oct 1648.5%26.7%81.5%121692
$530.00Oct 9Oct 1629.8%28.4%5.1%12175

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 47 found (best R:R 16.39, avg 6.15)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$530.00$570.00Oct 2$2.30$37.70$2.3029%16.39$532.30
$545.00$565.00Oct 23$2.10$17.90$2.1025%8.52$547.10
$510.00$515.00Sep 25$0.25$4.75$0.2542%19.00$510.25
$500.00$510.00Oct 16$4.60$5.40$4.6062%1.17$504.60
$560.00$570.00Oct 16$0.13$9.87$0.1313%75.92$560.13
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$505.00$500.00Sep 25$0.35$4.65$0.3548%13.29$504.65
$490.00$480.00Oct 16$1.30$8.70$1.3030%6.69$488.70
$510.00$505.00Sep 18$0.85$4.15$0.8584%4.88$509.15
$510.00$505.00Oct 2$1.35$3.65$1.3550%2.70$508.65
$520.00$515.00Oct 2$2.50$2.50$2.5065%1.00$517.50

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 36 found (best R:R 0.56, avg 0.55)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$515.00$520.00Sep 25$2.85$2.85$2.1565%1.33$517.85
$535.00$537.50Sep 25$1.08$1.08$1.4287%0.76$536.08
$520.00$545.00Oct 30$8.80$8.80$16.2056%0.54$528.80
$515.00$520.00Oct 2$2.60$2.60$2.4057%1.08$517.60
$520.00$530.00Oct 16$4.35$4.35$5.6557%0.77$524.35
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$480.00$470.00Oct 16$3.57$3.57$6.4376%0.56$476.43
$492.50$490.00Sep 25$2.05$2.05$0.4572%4.56$490.45
$505.00$500.00Oct 2$3.05$3.05$1.9556%1.56$501.95
$500.00$495.00Sep 25$2.25$2.25$2.7563%0.82$497.75
$505.00$495.00Oct 30$4.60$4.60$5.4055%0.85$500.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $2.92, cheapest $2.85)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$515.00Sep 18Sep 25$1.50415.0%31.9%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$520.00Sep 18Sep 25$2.85585.4%25.6%
$515.00Sep 18Sep 25$4.40415.0%31.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 20 found (cheapest 0.59% of stock, avg 4.29%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$510.00Sep 18$1.00$2.00$3.00$507.00$513.000.59%
$505.00Sep 18$4.10$1.15$5.25$499.75$510.251.03%
$515.00Sep 18$3.55$6.55$10.10$504.90$525.101.99%
$500.00Sep 18$8.60$1.80$10.40$489.60$510.402.05%
$505.00Sep 25$8.90$5.25$14.15$490.85$519.152.78%
$520.00Sep 18$4.35$11.55$15.90$504.10$535.903.13%
$515.00Sep 25$5.05$10.95$16.00$499.00$531.003.15%
$520.00Sep 25$2.20$14.40$16.60$503.40$536.603.27%
$500.00Sep 25$12.90$4.90$17.80$482.20$517.803.50%
$522.50Sep 25$1.90$16.80$18.70$503.80$541.203.68%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 104 found (cheapest 0.42% of stock, avg 2.55%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$510.00$505.00Sep 18$1.00$1.15$2.15$502.85$512.15
$510.00$500.00Sep 18$1.00$1.80$2.80$497.20$512.80
$525.00$490.00Sep 25$1.70$2.05$3.75$486.25$528.75
$522.50$490.00Sep 25$1.90$2.05$3.95$486.05$526.45
$520.00$490.00Sep 25$2.20$2.05$4.25$485.75$524.25
$525.00$495.00Sep 25$1.70$2.65$4.35$490.65$529.35
$515.00$505.00Sep 18$3.55$1.15$4.70$500.30$519.70
$522.50$495.00Sep 25$1.90$2.65$4.55$490.45$527.05
$520.00$495.00Sep 25$2.20$2.65$4.85$490.15$524.85
$520.00$505.00Sep 18$4.35$1.15$5.50$499.50$525.50

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 13 found (best R:R 49.00, avg credit $3.66)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
490/492515/520Sep 25$4.90$0.1038%49.00$487.60$519.90
490/492520/522Sep 25$2.35$0.1550%15.67$490.15$522.35
490/492522/525Sep 25$2.25$0.2553%9.00$490.25$524.75
470/480570/580Oct 16$4.54$5.4664%0.83$475.46$574.54
470/480550/560Oct 16$4.94$5.0657%0.98$475.06$554.94
470/480540/550Oct 16$5.62$4.3850%1.28$474.38$545.62
470/480530/540Oct 16$5.92$4.0843%1.45$474.08$535.92
470/480560/570Oct 16$3.70$6.3063%0.59$476.30$563.70
480/490570/580Oct 16$2.27$7.7359%0.29$487.73$572.27
480/490550/560Oct 16$2.67$7.3352%0.36$487.33$552.67

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 23 found (best R:R 21.22, cheapest $0.10)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$500.00$510.00$520.00Oct 16$0.45$9.5519%21.22
$500.00$505.00$510.00Sep 18$1.40$3.6059%2.57
$530.00$540.00$550.00Oct 16$0.30$9.7015%32.33
$500.00$505.00$510.00Sep 25$0.40$4.6024%11.50
$540.00$550.00$560.00Oct 16$0.68$9.3212%13.71
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$500.00$505.00$510.00Sep 18$1.50$3.5059%2.33
$490.00$500.00$510.00Oct 16$1.05$8.9519%8.52
$510.00$515.00$520.00Sep 18$0.45$4.5515%10.11
$480.00$490.00$500.00Oct 16$1.45$8.5514%5.90
$495.00$500.00$505.00Oct 2$1.45$3.5514%2.45

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 61 found (best net $-0.15, 47 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$450.00$480.001:2Sep 18-$0.15$29.85
$530.00$570.001:2Oct 2-$1.30$38.70
$545.00$565.001:2Oct 23-$2.85$17.15
$505.00$510.001:2Sep 25-$1.70$3.30
$570.00$580.001:2Oct 16-$0.51$9.49
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$540.00$525.001:2Sep 18-$1.05$13.95
$530.00$510.001:2Oct 16-$1.05$18.95
$550.00$525.001:2Oct 23-$8.30$16.70
$550.00$530.001:2Oct 9-$7.95$12.05
$525.00$505.001:2Oct 30-$7.00$13.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 28 found (best yield 2.56%, avg 0.68%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$520.00Oct 30$13.000.432.3%2.56%4.85%1--
$520.00Oct 16$10.200.432.3%2.01%4.30%1--
$510.00Oct 16$14.100.520.3%2.77%3.10%24117
$550.00Oct 30$4.700.248.2%0.92%9.12%22
$545.00Oct 30$4.700.267.2%0.92%8.14%2--
$530.00Oct 23$6.600.344.3%1.30%5.56%5--
$545.00Oct 23$3.900.257.2%0.77%7.98%2--
$530.00Oct 16$5.800.334.3%1.14%5.40%54155
$540.00Oct 16$4.400.266.2%0.87%7.09%18122
$565.00Oct 23$1.400.1811.2%0.28%11.42%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 560
Total Puts 385
Put/Call Ratio 0.69
Net Difference 175

Prior's Put/Call Breakdown

Total Calls 740
Total Puts 321
Put/Call Ratio 0.43
Net Difference 419

Prior 7-Day Put/Call Summary

Total Calls 6,681
Total Puts 4,445
Average Put/Call Ratio 0.64
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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