Tour v344
CMS
CMS ENERGY CORP
$74.39 +0.50%
(7/15 18:27) ◀
|
Thursday, July 16, 2026 (6:18pm)
January 2026
|
▶ (7/17 18:21)
◀ 7/16 18:18 ▶

Option Volume

Detail
ℹ
Current (07/16) 46
Calls: 13 (28%)
Puts: 33 (72%)
Prior (07/15) 619
Calls: 590 (95%)
Puts: 29 (5%)
Current vs Prior -92.57%
Calls: -97.80% (Calls)
Puts: +13.79% (Puts)
Prior 7-Day Total 1,165
Calls: 975 (84%)
Puts: 190 (16%)
Prior 7-Day Average 166
Calls: 139 (84%)
Puts: 27 (16%)
Current vs Prior 7-Day Avg -72.36%
Calls: -90.67%
Puts: +21.58%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/16) $7.5K
Calls: $3.2K (42%)
Puts: $4.4K (58%)
Prior (07/15) $43.5K
Calls: $37.8K (87%)
Puts: $5.7K (13%)
Current vs Prior -82.69%
Calls: -91.65%
Puts: -22.67%
Prior 7-Day Total $111.3K
Calls: $85.9K (77%)
Puts: $25.4K (23%)
Prior 7-Day Average $15.9K
Calls: $12.3K (77%)
Puts: $3.6K (23%)
Current vs Prior 7-Day Avg -52.63%
Calls: -74.25%
Puts: +20.63%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/16) 2.54
Prior (07/15) 0.05
Current vs Prior +5064.46%
Prior 7-Day Average 1.06
Current vs Prior 7-Day Avg +138.71%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/16) 461
Calls: 355 (77%)
Puts: 106 (23%)
Prior (07/15) 770
Calls: 460 (60%)
Puts: 310 (40%)
Current vs Prior -40.13%
Prior 7-Day Total 2,832
Calls: 2,347 (83%)
Puts: 485 (17%)
Prior 7-Day Average 472
Calls: 469 (83%)
Puts: 97 (17%)
Current vs Prior 7-Day Avg -2.33%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (08/21)Expiry (07/17) | Next (08/21)
Current 2.12% | 5.12%2.12% | 5.12%
Prior 2.30% | 5.44%2.30% | 5.44%
Current vs Prior -7.52% | -5.93%-7.52% | -5.93%
Prior 7-Day Avg 2.92% | 5.78%2.92% | 5.78%
Current vs 7-Day Avg -27.19% | -11.46%-27.20% | -11.46%
Prior 7-Day Eod 2.30% | 5.44%2.30% | 5.44%
Current vs 7-Day Eod -7.52% | -5.93%-7.52% | -5.93%
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

Light premium activity with dollar volume down 83% vs prior. Below-average activity with volume down 93% vs prior. Extreme bearish P/C ratio of 2.54 - heavy put buying. P/C ratio rising 5064% - increased hedging/bearish positioning.

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 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
💧 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 0.58, highest 0.58)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$75.00Aug 212.052.70$2.3827.3%120.58--

Most actively traded options today. High liquidity = easy entry/exit. 3 active (total vol 39, top 20)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$75.00Aug 210.352.50$1.43150.3%70.4222
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Aug 210.650.85$0.7526.7%200.23106
$75.00Aug 212.052.70$2.3827.3%120.58--

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

No setups found for this strategy

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1 found (best R:R 2.07, avg 2.07)

BULL CALL (0)
No bull call found
BEAR PUT (1)
BuySellExpiryDebitMax GainMax LossR:RBE
$75.00$70.00Aug 21$1.63$3.37$1.632.07$73.37

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1 found (best R:R 0.48, avg 0.48)

BEAR CALL (0)
No bear call found
BULL PUT (1)
SellBuyExpiryCreditMax GainMax LossR:RBE
$75.00$70.00Aug 21$1.63$1.63$3.370.48$73.37

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1 found (cheapest 5.12% of stock, avg 5.12%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$75.00Aug 21$1.43$2.38$3.81$71.19$78.815.12%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 1 found (cheapest 2.93% of stock, avg 2.93%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$75.00$70.00Aug 21$1.43$0.75$2.18$67.82$77.18

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 $0.88, -- credits)

CALLS (0)
No calls found
PUTS (1)
Buy KSell KRatioExpiryNetMax Gain
$75.00$70.001:2Aug 21$0.88$4.12

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 1 found (best yield 0.47%, avg 0.47%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$75.00Aug 21$0.350.420.8%0.47%1.29%722

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. 38 contracts (avg 56 vol/day, 38 traded recently)

CMS averages only 56 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 call: the $75.00 12-18 call last traded $4.90 on 07/08 (now $3.20/$4.00) — try a limit near $3.60. Also watch the $75.00 08-21 call last traded $2.15 on 07/10 (now $0.35/$2.50) — try a limit near $1.43. Most tradeable put: the $70.00 08-21 put last traded $0.80 on 07/09 (now $0.65/$0.85) — try a limit near $0.75.
CALLS (18)
StrikeExpiryBidAskMarkLast Traded30d RangeHistorySugg. LimitOI
$75.00Jul 17$0.00$1.00$0.50$1.75 07/08$0.50–$3.80$0.50--
$75.00Aug 21$0.35$2.50$1.43$2.15 07/10$1.25–$4.43$1.4322
$75.00Sep 18$1.95$3.80$2.88$2.65 06/23$2.00–$5.25$2.65--
$75.00Dec 18$3.20$4.00$3.60$4.90 07/08$3.53–$6.25$3.60333
$70.00Jul 17$3.70$5.90$4.80$5.76 07/10$4.18–$8.55$4.80--
$70.00Sep 18$4.60$6.80$5.70$3.81 06/08$5.30–$9.10$4.60--
$70.00Dec 18$5.80$8.50$7.15$9.05 07/08$6.00–$9.65$7.15--
$80.00Jul 17$0.00$2.15$1.08$0.01 07/09$0.03–$1.08$0.01--
$80.00Aug 21$0.10$0.55$0.33$0.36 07/10$0.33–$1.58$0.33--
$80.00Sep 18$0.40$0.75$0.57$0.85 07/10$0.55–$2.23$0.57--
$80.00Dec 18$1.15$2.05$1.60$2.89 07/02$1.58–$3.33$1.60--
$65.00Jul 17$8.40$10.30$9.35$7.67 06/01$8.40–$13.70$8.40--
$85.00Aug 21$0.00$0.75$0.38$0.08 07/10$0.05–$1.23$0.08--
$85.00Sep 18$0.00$0.75$0.38$0.40 07/07$0.20–$1.18$0.38--
$85.00Dec 18$0.10$2.00$1.05$0.45 06/05$0.70–$1.73$0.45--
$90.00Dec 18$0.00$0.50$0.25$0.70 07/08$0.25–$1.23$0.25--
$55.00Sep 18$17.60$21.70$19.65$18.77 05/19$18.70–$23.65$18.77--
$35.00Sep 18$37.40$41.50$39.45$41.98 07/02$38.40–$43.80$39.45--
PUTS (20)
StrikeExpiryBidAskMarkLast Traded30d RangeHistorySugg. LimitOI
$75.00Jul 17$0.00$2.15$1.08$0.60 07/06$0.33–$2.72$0.60--
$75.00Aug 21$2.05$2.70$2.38$2.40 07/09$1.27–$3.68$2.38--
$75.00Sep 18$2.65$3.50$3.08$1.70 06/29$1.65–$3.65$2.65--
$75.00Dec 18$3.60$4.90$4.25$2.90 06/29$2.35–$5.25$3.60--
$70.00Jul 17$0.00$0.75$0.38$0.05 07/10$0.18–$1.18$0.05--
$70.00Aug 21$0.65$0.85$0.75$0.80 07/09$0.48–$1.78$0.75106
$70.00Sep 18$0.90$1.45$1.18$2.55 06/03$0.70–$1.75$1.18--
$70.00Dec 18$1.30$2.80$2.05$2.30 07/10$1.48–$2.95$2.05--
$80.00Jul 17$4.50$6.90$5.70$4.50 06/24$2.50–$6.50$4.50--
$80.00Dec 18$5.50$8.30$6.90$5.50 07/02$4.45–$8.65$5.50--
$65.00Jul 17$0.00$1.20$0.60$0.05 07/07$0.05–$1.20$0.05--
$65.00Aug 21$0.05$1.10$0.58$0.30 07/01$0.35–$1.40$0.30--
$65.00Sep 18$0.10$1.00$0.55$0.57 07/10$0.38–$1.40$0.55--
$65.00Dec 18$1.15$1.65$1.40$2.59 06/04$0.83–$2.03$1.40--
$85.00Aug 21$10.10$11.70$10.90$9.10 07/08$7.55–$11.60$10.10--
$60.00Dec 18$0.00$1.05$0.53$1.15 06/09$0.53–$1.65$0.53--
$90.00Jul 17$14.70$16.90$15.80$17.14 06/12$11.60–$16.70$15.80--
$55.00Dec 18$0.10$2.70$1.40$0.65 06/09$0.55–$1.50$0.65--
$95.00Jul 17$19.70$21.90$20.80$17.15 06/29$16.65–$21.70$19.70--
$50.00Dec 18$0.00$1.75$0.88$0.75 06/09$0.38–$1.30$0.75--

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 13
Total Puts 33
Put/Call Ratio 2.54
Net Difference -20

Prior's Put/Call Breakdown

Total Calls 590
Total Puts 29
Put/Call Ratio 0.05
Net Difference 561

Prior 7-Day Put/Call Summary

Total Calls 975
Total Puts 190
Average Put/Call Ratio 1.06
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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