BIOGEN INC. (BIIB) Open Interest

BIOGEN INC. (BIIB) has 11,490 call contracts and 7,248 put contracts open across all listed expirations — a put/call open interest ratio of 0.63. Open interest counts the contracts currently outstanding at each strike. This page shows where BIIB positioning concentrates, which strikes act as walls, and how the totals have trended over the past year.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close
$218.30
52-week range
$132.19 – $221.24
ATM IV (30d)
30.2%
IV rank
11 / 100
Low
Expected move
±$14.66 (±6.7%)
Put/call OI
0.63
Call-heavy
Max pain
$200
↓ 8.4% below close
Next earnings
Oct 27, 2026

BIIB Open Interest by Strike

0815.71.6K2.4KSpotMax painCall wallPut wall150180195207.50217.50227.50242.50270

BIIB open interest by strike, all expirations combined — calls in green, puts in red.

Total call open interest11,490
Total put open interest7,248
Put/call OI ratio0.63
Open interest rank (31 day)15 / 100
Call wall (largest call OI)$210
Put wall (largest put OI)$150
Top volume strike$220
Volume / OI ratio0.23

BIIB Open Interest Trend

09.4K18.8K28.2K37.6KCall OIPut OIFeb '26May '26Aug '26

BIIB total call vs. put open interest, past year.

0.110.370.620.881.14Feb '26May '26Aug '26

BIIB put/call open interest ratio, past year.

A put/call open interest ratio of 0.63 means meaningfully more calls than puts are outstanding — a call-heavy, typically bullish positioning profile. In total, 11,490 call contracts and 7,248 put contracts are open across all listed expirations. The put/call OI ratio has fallen from 0.75 in Feb '26 to 0.63 today.

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BIIB Options FAQ

What is BIIB's put/call ratio?

BIIB's put/call open interest ratio is 0.63 as of Aug 24, 2026, with 7,248 put contracts and 11,490 call contracts outstanding.

Which BIIB strikes have the highest open interest?

As of Aug 24, 2026, the largest call open interest sits at $210 (the call wall) and the largest put open interest sits at $150 (the put wall). Strikes with heavy open interest often act as reference levels because a lot of hedging activity is anchored to them.

Is BIIB open interest unusually high right now?

BIIB's total open interest ranks 15 out of 100 versus the past 31 trading days as of Aug 24, 2026 — toward the bottom of its recent range, so positioning is comparatively light.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.