Tour v492
VRTX
VERTEX PHARMACEUTICA
$484.03 -0.17%
$484.50 (+0.10%)🌙
as of 08/06 07:21 PM
8/6 19:21

Option Volume

Detail
Current (08/06) 2,029
Calls: 841 (41%)
Puts: 1,188 (59%)
Prior (08/05) 2,602
Calls: 1,631 (63%)
Puts: 971 (37%)
Current vs Prior -22.02%
Calls: -48.44% (Calls)
Puts: +22.35% (Puts)
Prior 7-Day Total 24,041
Calls: 10,252 (43%)
Puts: 13,789 (57%)
Prior 7-Day Average 3,434
Calls: 1,464 (43%)
Puts: 1,969 (57%)
Current vs Prior 7-Day Avg -40.92%
Calls: -42.58%
Puts: -39.69%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/06) $2.00M
Calls: $803.1K (40%)
Puts: $1.19M (60%)
Prior (08/05) $2.31M
Calls: $1.52M (66%)
Puts: $786.7K (34%)
Current vs Prior -13.62%
Calls: -47.32%
Puts: +51.67%
Prior 7-Day Total $20.16M
Calls: $9.70M (48%)
Puts: $10.45M (52%)
Prior 7-Day Average $2.88M
Calls: $1.39M (48%)
Puts: $1.49M (52%)
Current vs Prior 7-Day Avg -30.68%
Calls: -42.07%
Puts: -20.10%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/06) 1.41
Prior (08/05) 0.60
Current vs Prior +137.28%
Prior 7-Day Average 1.54
Current vs Prior 7-Day Avg -8.57%
Sentiment BEARISH

Open Interest

Detail
Current (08/06) 11,576
Calls: 5,684 (49%)
Puts: 5,892 (51%)
Prior (08/05) 15,322
Calls: 6,376 (42%)
Puts: 8,946 (58%)
Current vs Prior -24.45%
Prior 7-Day Total 148,921
Calls: 66,349 (45%)
Puts: 82,572 (55%)
Prior 7-Day Average 21,274
Calls: 9,478 (45%)
Puts: 11,796 (55%)
Current vs Prior 7-Day Avg -45.59%
Sentiment BULLISH

Expected Move

Detail
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 1.96% | 4.16%5.89% | 10.11%
Prior 2.39% | 4.91%6.45% | 10.11%
Current vs Prior -17.97% | -15.20%-8.65% | +0.06%
Prior 7-Day Avg 3.55% | 6.45%8.05% | 11.59%
Current vs 7-Day Avg -44.68% | -35.41%-26.90% | -12.73%
Prior 7-Day Eod 2.39% | 4.91%6.45% | 10.11%
Current vs 7-Day Eod -17.97% | -15.20%-8.65% | +0.06%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 15.64% | 18.34%
Calls: 15.59% | 20.85%
Puts: 15.69% | 15.84%
Prior 15.64% | 18.34%
Calls: 15.59% | 20.85%
Puts: 15.69% | 15.84%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 86.26% | 16.08%
Calls: 51.22% | 19.38%
Puts: 121.30% | 12.78%
Current vs 7-Day Avg -81.87% | +14.07%
Liquidity Expensive
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🤖 AI Insights

Bearish P/C ratio of 1.41 indicates protective positioning. P/C ratio rising 137% - increased hedging/bearish positioning. Declining open interest (down 24%) indicates positions being closed.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BEARISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
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 0.75, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$440.00Aug 740.0048.40$44.2019.0%10.981
$467.50Aug 712.8021.00$16.9048.5%10.941
$462.50Aug 717.5026.00$21.7539.1%10.933
$470.00Aug 711.4018.10$14.7545.4%10.90--
$475.00Aug 75.5013.70$9.6085.4%10.88--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$500.00Aug 712.6018.40$15.5037.4%100.9518
$497.50Aug 79.2017.80$13.5063.7%160.85--
$492.50Aug 75.1013.00$9.0587.3%700.76--
$490.00Aug 74.4011.30$7.8587.9%10.68--
$487.50Aug 71.259.50$5.38153.3%10.61--

Most actively traded options today. High liquidity = easy entry/exit. 96 active (total vol 1.5K, top 194)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$500.00Sep 1811.5018.30$14.9045.6%1040.41300
$500.00Aug 216.108.10$7.1028.2%1030.33662
$550.00Sep 111.106.70$3.90143.6%820.14--
$500.00Aug 70.100.50$0.30133.3%560.07599
$480.00Aug 2112.0020.50$16.2552.3%500.56131
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Sep 1810.8016.90$13.8544.0%1940.37--
$480.00Sep 1814.6021.70$18.1539.1%1130.44122
$450.00Sep 185.6010.20$7.9058.2%1050.24181
$492.50Aug 75.1013.00$9.0587.3%700.76--
$420.00Sep 181.603.40$2.5072.0%580.09725

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 21 strikes (avg 83.6%, max 233.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$525.00Aug 7Aug 28106.5%35.4%200.9%1112
$530.00Aug 7Sep 1895.0%32.2%194.8%1197
$520.00Aug 7Sep 1880.6%32.4%148.7%11344
$510.00Aug 7Sep 1869.3%33.0%110.0%31.4K
$490.00Aug 7Sep 1850.4%33.0%52.7%4038
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$430.00Aug 7Sep 18111.2%33.4%233.3%47334
$440.00Aug 7Sep 1898.5%33.0%198.1%7383
$460.00Aug 7Sep 1870.9%31.9%121.8%21--
$482.50Aug 7Aug 1448.7%27.3%78.3%2225
$450.00Aug 7Sep 1858.0%32.6%77.8%111181

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 51 found (best R:R 49.00, avg 6.21)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$520.00$560.00Aug 21$1.95$38.05$1.9519.51$521.95
$510.00$515.00Aug 7$0.33$4.67$0.3314.15$510.33
$525.00$530.00Aug 7$0.50$4.50$0.509.00$525.50
$530.00$550.00Sep 18$2.18$17.82$2.188.17$532.18
$500.00$520.00Aug 21$4.00$16.00$4.004.00$504.00
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$470.00$465.00Aug 7$0.10$4.90$0.1049.00$469.90
$440.00$435.00Aug 7$0.20$4.80$0.2024.00$439.80
$440.00$430.00Aug 21$0.40$9.60$0.4024.00$439.60
$460.00$450.00Aug 7$0.52$9.48$0.5218.23$459.48
$430.00$420.00Aug 21$0.60$9.40$0.6015.67$429.40

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 63 found (best R:R 32.33, avg 1.73)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$462.50$467.50Aug 7$4.85$4.85$0.1532.33$467.35
$490.00$495.00Aug 21$4.55$4.55$0.4510.11$494.55
$455.00$460.00Aug 14$4.50$4.50$0.509.00$459.50
$467.50$470.00Aug 7$2.15$2.15$0.356.14$469.65
$475.00$480.00Aug 7$3.87$3.87$1.133.42$478.87
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$497.50$492.50Aug 7$4.45$4.45$0.558.09$493.05
$500.00$497.50Aug 7$2.00$2.00$0.504.00$498.00
$480.00$475.00Aug 14$2.95$2.95$2.051.44$477.05
$492.50$490.00Aug 7$1.20$1.20$1.300.92$491.30
$480.00$470.00Sep 18$4.30$4.30$5.700.75$475.70

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 22 found (avg debit $4.17, cheapest $0.57)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$550.00Sep 11Sep 18$0.5736.5%34.5%
$510.00Aug 7Aug 14$1.2769.3%33.3%
$530.00Aug 7Aug 28$2.7095.0%34.3%
$520.00Aug 7Aug 21$2.7780.6%35.9%
$525.00Aug 7Aug 28$3.22106.5%35.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$420.00Aug 21Sep 18$1.0748.3%33.1%
$460.00Aug 7Aug 14$1.4570.9%34.6%
$430.00Aug 7Aug 21$1.88111.2%45.9%
$440.00Aug 7Aug 21$2.2098.5%41.3%
$450.00Aug 7Aug 21$3.0558.0%37.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 18 found (cheapest 1.46% of stock, avg 4.74%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$480.00Aug 7$5.73$1.35$7.08$472.92$487.081.46%
$487.50Aug 7$3.15$5.38$8.53$478.97$496.031.76%
$485.00Aug 7$4.30$4.90$9.20$475.80$494.201.90%
$475.00Aug 7$9.60$0.50$10.10$464.90$485.102.09%
$490.00Aug 7$2.60$7.85$10.45$479.55$500.452.16%
$492.50Aug 7$1.65$9.05$10.70$481.80$503.202.21%
$497.50Aug 7$1.10$13.50$14.60$482.90$512.103.02%
$470.00Aug 7$14.75$0.55$15.30$454.70$485.303.16%
$500.00Aug 7$0.30$15.50$15.80$484.20$515.803.26%
$482.50Aug 14$10.15$7.00$17.15$465.35$499.653.54%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 102 found (cheapest 0.31% of stock, avg 2.66%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$495.00$475.00Aug 7$0.98$0.50$1.48$473.52$496.48
$495.00$472.50Aug 7$0.98$0.73$1.71$470.79$496.71
$492.50$475.00Aug 7$1.65$0.50$2.15$472.85$494.65
$495.00$477.50Aug 7$0.98$1.18$2.16$475.34$497.16
$495.00$480.00Aug 7$0.98$1.35$2.33$477.67$497.33
$492.50$472.50Aug 7$1.65$0.73$2.38$470.12$494.88
$492.50$477.50Aug 7$1.65$1.18$2.83$474.67$495.33
$492.50$480.00Aug 7$1.65$1.35$3.00$477.00$495.50
$490.00$475.00Aug 7$2.60$0.50$3.10$471.90$493.10
$490.00$472.50Aug 7$2.60$0.73$3.33$469.17$493.33

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 123 found (best R:R 8.09, avg credit $4.30)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
470/480490/500Sep 18$8.90$1.108.09$471.10$498.90
460/470480/490Sep 18$8.85$1.157.70$461.15$488.85
475/480495/500Aug 14$4.42$0.587.62$475.58$499.42
450/460480/490Sep 18$8.20$1.804.56$451.80$488.20
435/440475/480Aug 7$4.07$0.934.38$435.93$479.07
470/472475/480Aug 7$4.05$0.954.26$468.45$479.05
482/485490/492Aug 7$2.00$0.504.00$483.00$492.00
465/470475/480Aug 7$3.97$1.033.85$466.03$478.97
460/470490/500Sep 18$7.90$2.103.76$462.10$497.90
440/450480/490Sep 18$7.77$2.233.48$442.23$487.77

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 25 found (best R:R 39.00, cheapest $0.25)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$515.00$520.00$525.00Aug 7$0.32$4.6814.63
$510.00$520.00$530.00Sep 18$0.80$9.2011.50
$510.00$515.00$520.00Aug 7$0.46$4.549.87
$480.00$490.00$500.00Sep 18$0.95$9.059.53
$490.00$492.50$495.00Aug 7$0.28$2.227.93
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$430.00$440.00$450.00Aug 21$0.25$9.7539.00
$420.00$430.00$440.00Sep 18$0.28$9.7234.71
$440.00$450.00$460.00Sep 18$0.43$9.5722.26
$430.00$440.00$450.00Sep 18$0.49$9.5119.41
$430.00$435.00$440.00Aug 7$0.32$4.6814.62

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 66 found (best net $-1.35, 49 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$480.00$500.001:2Aug 28-$1.35$18.65
$530.00$550.001:2Sep 18-$2.29$17.71
$450.00$470.001:2Aug 21-$8.60$11.40
$530.00$540.001:2Aug 7-$0.18$9.82
$520.00$530.001:2Sep 18-$4.35$5.65
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$420.00$400.001:2Sep 18-$5.60$14.40
$485.00$470.001:2Aug 21-$0.80$14.20
$465.00$450.001:2Aug 21-$0.81$14.19
$450.00$440.001:2Aug 7-$0.43$9.57
$430.00$420.001:2Aug 21-$0.83$9.17

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 25 found (best yield 3.45%, avg 0.94%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$490.00Sep 18$16.700.491.2%3.45%4.68%1--
$490.00Sep 4$14.600.471.2%3.02%4.25%1--
$500.00Sep 18$11.500.413.3%2.38%5.68%104300
$490.00Aug 21$10.100.461.2%2.09%3.32%10103
$510.00Sep 18$8.100.355.4%1.67%7.04%2--
$500.00Aug 28$7.200.373.3%1.49%4.79%410
$520.00Sep 18$6.500.287.4%1.34%8.77%10344
$500.00Aug 21$6.100.333.3%1.26%4.56%103662
$530.00Sep 18$4.900.239.5%1.01%10.51%1097
$495.00Aug 21$4.500.382.3%0.93%3.20%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 841
Total Puts 1,188
Put/Call Ratio 1.41
Net Difference -347

Prior's Put/Call Breakdown

Total Calls 1,631
Total Puts 971
Put/Call Ratio 0.60
Net Difference 660

Prior 7-Day Put/Call Summary

Total Calls 10,252
Total Puts 13,789
Average Put/Call Ratio 1.54
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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