Tour v308
CMS
CMS ENERGY CORP
$75.00 -1.56%
(7/8 18:19) ◀
|
Thursday, July 9, 2026 (6:18pm)
January 2026
|
▶ (7/10 18:18)
◀ 7/9 18:18 ▶

Option Volume

Detail
ℹ
Current (07/09) 123
Calls: 10 (8%)
Puts: 113 (92%)
Prior (07/08) 232
Calls: 207 (89%)
Puts: 25 (11%)
Current vs Prior -46.98%
Calls: -95.17% (Calls)
Puts: +352.00% (Puts)
Prior 7-Day Total 440
Calls: 299 (68%)
Puts: 141 (32%)
Prior 7-Day Average 62
Calls: 42 (68%)
Puts: 20 (32%)
Current vs Prior 7-Day Avg +95.68%
Calls: -76.59%
Puts: +460.99%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/09) $11.2K
Calls: $200 (2%)
Puts: $11.1K (98%)
Prior (07/08) $35.8K
Calls: $29.7K (83%)
Puts: $6.0K (17%)
Current vs Prior -68.54%
Calls: -99.33%
Puts: +83.77%
Prior 7-Day Total $93.0K
Calls: $58.4K (63%)
Puts: $34.5K (37%)
Prior 7-Day Average $13.3K
Calls: $8.3K (63%)
Puts: $4.9K (37%)
Current vs Prior 7-Day Avg -15.31%
Calls: -97.60%
Puts: +123.92%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/09) 11.30
Prior (07/08) 0.12
Current vs Prior +9256.40%
Prior 7-Day Average 0.94
Current vs Prior 7-Day Avg +1102.06%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/09) 18
Calls: -- (0%)
Puts: 18 (100%)
Prior (07/08) 178
Calls: 146 (82%)
Puts: 32 (18%)
Current vs Prior -89.89%
Prior 7-Day Total 3,280
Calls: 3,022 (92%)
Puts: 258 (8%)
Prior 7-Day Average 656
Calls: 604 (90%)
Puts: 64 (10%)
Current vs Prior 7-Day Avg -97.26%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (08/21)Expiry (07/17) | Next (08/21)
Current 2.87% | 5.88%2.87% | 5.88%
Prior 3.71% | 6.54%3.71% | 6.54%
Current vs Prior -22.82% | -10.04%-22.82% | -10.04%
Prior 7-Day Avg 4.30% | 6.42%4.30% | 6.43%
Current vs 7-Day Avg -33.39% | -8.48%-33.38% | -8.51%
Prior 7-Day Eod 3.71% | 6.54%-- | --
Current vs 7-Day Eod -22.82% | -10.04%-- | --
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 48.64% | 13.79%
Calls: 55.17% | 12.24%
Puts: 42.11% | 15.34%
Prior 48.64% | 13.79%
Calls: 55.17% | 12.24%
Puts: 42.11% | 15.34%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 48.64% | 13.79%
Calls: 55.17% | 12.24%
Puts: 42.11% | 15.34%
Current vs 7-Day Avg +0.00% | -0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bearish conviction with 98% of dollar volume in puts ($11.1K) vs calls ($200). Light premium activity with dollar volume down 69% vs prior. Below-average activity with volume down 47% vs prior. Volume explosion - 98% above 7-day average (123 vs avg 62).

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 BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
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
💧 Low Volume

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. 1 found (avg delta 0.51, highest 0.51)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$75.00Aug 212.052.50$2.2819.7%140.5112

Most actively traded options today. High liquidity = easy entry/exit. 4 active (total vol 123, top 98)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 170.000.40$0.20200.0%100.11--
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Aug 210.650.95$0.8037.5%980.216
$75.00Aug 212.052.50$2.2819.7%140.5112
$70.00Jul 170.000.35$0.18194.4%10.16--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 1 strikes (avg 96.4%, max 96.4%)

CALLS (0)
No calls found
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 17Aug 2148.1%24.5%96.4%996

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1 found (best R:R 2.38, avg 2.38)

BULL CALL (0)
No bull call found
BEAR PUT (1)
BuySellExpiryDebitMax GainMax LossR:RBE
$75.00$70.00Aug 21$1.48$3.52$1.482.38$73.52

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1 found (best R:R 0.42, avg 0.42)

BEAR CALL (0)
No bear call found
BULL PUT (1)
SellBuyExpiryCreditMax GainMax LossR:RBE
$75.00$70.00Aug 21$1.48$1.48$3.520.42$73.52

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 1 found (avg debit $0.62, cheapest $0.62)

CALLS (0)
No calls found
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$70.00Jul 17Aug 21$0.6248.1%24.5%

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

No straddle setups found

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 1 found (cheapest 0.51% of stock, avg 0.51%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$80.00$70.00Jul 17$0.20$0.18$0.38$69.62$80.38

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

No iron condor setups found

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

No setups found for this strategy

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1 found (best net $0.68, -- credits)

CALLS (0)
No calls found
PUTS (1)
Buy KSell KRatioExpiryNetMax Gain
$75.00$70.001:2Aug 21$0.68$4.32

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

No covered call setups found

Historical option prices for this thinly-traded ticker. Live quotes are wide and stale — use where each contract actually traded plus its 30-day range to place a limit order. 37 contracts (avg 42 vol/day, 37 traded recently)

CMS averages only 42 option contracts/day, so quotes are thin and bid/ask spreads run wide. Use the last actually-traded price below to set a limit order rather than chasing the displayed ask. Most tradeable put: the $75.00 08-21 put last traded $2.00 on 06/25 (now $2.05/$2.50) — try a limit near $2.05.
CALLS (17)
StrikeExpiryBidAskMarkLast Traded30d RangeHistorySugg. LimitOI
$75.00Jul 17$0.10$2.20$1.15$3.63 06/26$1.00–$3.80$1.15--
$75.00Aug 21$1.70$2.55$2.13$4.34 06/26$1.90–$4.43$2.13--
$75.00Sep 18$2.50$3.10$2.80$2.65 06/23$2.00–$5.25$2.65--
$75.00Dec 18$3.80$4.50$4.15$5.61 07/02$3.25–$6.25$4.15--
$80.00Jul 17$0.00$0.40$0.20$0.36 07/02$0.03–$1.15$0.20--
$80.00Aug 21$0.15$0.75$0.45$1.10 06/30$0.45–$1.58$0.45--
$80.00Sep 18$0.70$1.05$0.88$1.57 07/01$0.57–$2.23$0.88--
$80.00Dec 18$1.10$2.80$1.95$2.89 07/02$1.70–$3.33$1.95--
$70.00Jul 17$4.50$6.40$5.45$5.90 06/24$4.18–$8.55$5.45--
$70.00Sep 18$5.50$7.50$6.50$3.81 06/08$5.15–$9.10$5.50--
$70.00Dec 18$7.10$8.80$7.95$9.90 06/29$6.00–$9.65$7.95--
$85.00Sep 18$0.10$1.35$0.73$0.47 07/01$0.18–$1.18$0.47--
$85.00Dec 18$0.10$2.20$1.15$0.45 06/05$0.70–$1.73$0.45--
$65.00Jul 17$9.70$12.10$10.90$7.67 06/01$8.40–$13.70$9.70--
$90.00Dec 18$0.00$1.05$0.53$0.40 07/02$0.28–$0.77$0.40--
$55.00Sep 18$19.00$22.40$20.70$18.77 05/19$18.70–$23.65$19.00--
$35.00Sep 18$38.00$42.20$40.10$41.98 07/02$37.95–$43.80$40.10--
PUTS (20)
StrikeExpiryBidAskMarkLast Traded30d RangeHistorySugg. LimitOI
$75.00Jul 17$0.00$2.00$1.00$0.55 06/29$0.33–$2.72$0.55--
$75.00Aug 21$2.05$2.50$2.28$2.00 06/25$1.27–$3.68$2.0512
$75.00Sep 18$2.50$3.10$2.80$1.70 06/29$1.65–$4.10$2.50--
$75.00Dec 18$3.60$5.30$4.45$2.90 06/29$2.35–$5.25$3.60--
$80.00Jul 17$3.70$5.50$4.60$4.50 06/24$2.50–$7.10$4.50--
$80.00Dec 18$5.40$7.80$6.60$5.50 07/02$4.45–$8.65$5.50--
$70.00Jul 17$0.00$0.35$0.18$0.44 06/23$0.18–$1.40$0.18--
$70.00Aug 21$0.65$0.95$0.80$0.75 06/25$0.53–$1.78$0.756
$70.00Sep 18$0.95$1.55$1.25$2.55 06/03$0.70–$2.10$1.25--
$70.00Dec 18$1.85$2.65$2.25$3.45 06/03$1.48–$3.03$2.25--
$65.00Jul 17$0.00$1.20$0.60$0.20 07/02$0.05–$1.22$0.20--
$65.00Aug 21$0.10$0.85$0.48$0.30 07/01$0.35–$1.40$0.30--
$65.00Sep 18$0.05$1.00$0.53$0.95 05/14$0.45–$1.40$0.53--
$65.00Dec 18$0.85$1.90$1.38$2.59 06/04$0.95–$2.03$1.38--
$90.00Jul 17$13.10$15.60$14.35$17.14 06/12$11.60–$17.10$14.35--
$60.00Sep 18$0.00$1.00$0.50$0.60 05/08$0.38–$1.40$0.50--
$60.00Dec 18$0.05$2.05$1.05$1.15 06/09$0.68–$1.90$1.05--
$95.00Jul 17$18.10$20.50$19.30$17.15 06/29$16.65–$22.10$18.10--
$55.00Dec 18$0.20$2.65$1.43$0.65 06/09$0.55–$1.50$0.65--
$50.00Dec 18$0.00$1.00$0.50$0.75 06/09$0.38–$1.30$0.50--

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 10
Total Puts 113
Put/Call Ratio 11.30
Net Difference -103

Prior's Put/Call Breakdown

Total Calls 207
Total Puts 25
Put/Call Ratio 0.12
Net Difference 182

Prior 7-Day Put/Call Summary

Total Calls 299
Total Puts 141
Average Put/Call Ratio 0.94
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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