SMH - Options Database

SMH

VanEck Semiconductor ETF

$607.05 +1.09%

(9/25 15:00) ◀

Friday, September 25, 2026 (3:17pm)

▶ (9/25 16:00)

◀ 9/25 15:17 ▶

Option Volume

Detail

ℹ

Current (09/25) 295,364

Calls: 74,094 (25%)

Puts: 221,270 (75%)

Prior (09/24) 166,530

Calls: 86,081 (52%)

Puts: 80,449 (48%)

Current vs Prior +77.36%

Calls: -13.93% (Calls)

Puts: +175.04% (Puts)

Prior 7-Day Total 1,371,018

Calls: 581,085 (42%)

Puts: 789,933 (58%)

Prior 7-Day Average 228,503

Calls: 83,012 (42%)

Puts: 112,847 (58%)

Current vs Prior 7-Day Avg +29.26%

Calls: -10.74%

Puts: +96.08%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/25) $116.81M

Calls: $78.81M (67%)

Puts: $38.00M (33%)

Prior (09/24) $119.00M

Calls: $83.52M (70%)

Puts: $35.47M (30%)

Current vs Prior -1.84%

Calls: -5.64%

Puts: +7.12%

Prior 7-Day Total $1.12B

Calls: $721.47M (65%)

Puts: $396.00M (35%)

Prior 7-Day Average $186.25M

Calls: $103.07M (65%)

Puts: $56.57M (35%)

Current vs Prior 7-Day Avg -37.28%

Calls: -23.53%

Puts: -32.83%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25) 2.99

Prior (09/24) 0.93

Current vs Prior +219.54%

Prior 7-Day Average 1.41

Current vs Prior 7-Day Avg +111.18%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/25) 1,790,255

Calls: 649,638 (36%)

Puts: 1,140,617 (64%)

Prior (09/24) 1,133,847

Calls: 379,934 (34%)

Puts: 753,913 (66%)

Current vs Prior +57.89%

Prior 7-Day Total 8,897,116

Calls: 3,391,862 (38%)

Puts: 5,505,254 (62%)

Prior 7-Day Average 1,482,852

Calls: 565,310 (38%)

Puts: 917,542 (62%)

Current vs Prior 7-Day Avg +20.73%

Sentiment BULLISH

Expected Move

Detail

ℹ

0DTE3DTEWKMO Expiry (09/25) | Next (09/28)Expiry (09/25) | Next (09/28)Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 0.54% | 1.68%0.54% | 1.68%0.54% | 3.58%6.36% | 11.64%

Prior 1.66% | 2.31%1.66% | 2.31%1.66% | 4.06%6.81% | 11.92%

Current vs Prior -67.36% | -27.23%-67.36% | -27.23%-67.36% | -11.83%-6.57% | -2.32%

Prior 7-Day Avg 1.06% | 1.78%1.03% | 2.08%1.85% | 4.02%3.82% | 9.74%

Current vs 7-Day Avg -48.82% | -5.44%-47.69% | -18.99%-70.74% | -11.02%+66.59% | +19.51%

Prior 7-Day Eod 1.66% | 2.31%1.66% | 2.31%1.66% | 4.06%6.81% | 11.92%

Current vs 7-Day Eod -67.36% | -27.23%-67.36% | -27.23%-67.36% | -11.83%-6.57% | -2.32%

Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 29.07% | 13.96%

Calls: 21.20% | 10.13%

Puts: 36.94% | 17.78%

Prior 45.27% | 35.27%

Calls: 45.71% | 31.30%

Puts: 44.82% | 39.24%

Current vs Prior -35.79% | -60.42%

Prior 7-Day Avg 48.63% | 30.84%

Calls: 44.94% | 40.39%

Puts: 52.32% | 21.29%

Current vs 7-Day Avg -40.22% | -54.73%

Liquidity Expensive

Add Card

🤖 AI Insights

Moderately bullish flow with 67% call dollar volume ($78.81M). Above-average activity with volume up 77% vs prior. Extreme bearish P/C ratio of 2.99 - heavy put buying. P/C ratio rising 220% - increased hedging/bearish positioning.

Smart Money BULLISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BEARISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BEARISH

7-Day Avg NEUTRAL

Current NEUTRAL

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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 582 of results (avg 5.9%, best 1.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$500.00	Sep 25	105.65	107.30	$106.48	1.5%	19	1.00	48
$625.00	Oct 16	11.40	11.60	$11.50	1.7%	2.1K	0.36	12.8K
$600.00	Oct 16	22.85	23.30	$23.08	1.9%	265	0.57	12.5K
$630.00	Oct 16	9.75	9.95	$9.85	2.0%	1.6K	0.33	9.1K
$605.00	Oct 23	23.60	24.10	$23.85	2.1%	32	0.53	109

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$610.00	Oct 23	22.50	22.80	$22.65	1.3%	76	0.51	28
$595.00	Oct 30	19.25	19.60	$19.43	1.8%	24	0.41	29
$597.50	Oct 30	20.25	20.65	$20.45	2.0%	12	0.42	67
$600.00	Oct 30	21.20	21.65	$21.42	2.1%	16	0.44	143
$562.50	Oct 23	6.90	7.05	$6.98	2.1%	--	0.20	147

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 66 found (avg $0.60, cheapest $0.61)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$607.50	Sep 25	0.55	0.67	$0.61	19.7%	1.6K	0.41	1.1K
$625.00	Sep 28	0.32	0.37	$0.35	14.3%	900	0.07	20
$622.50	Sep 28	0.45	0.53	$0.49	16.3%	280	0.09	1
$620.00	Sep 28	0.66	0.76	$0.71	14.1%	314	0.13	153
$635.00	Sep 29	0.30	0.36	$0.33	18.2%	16	0.05	20

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$590.00	Sep 28	0.54	0.58	$0.56	7.1%	886	0.09	65
$585.00	Sep 28	0.31	0.37	$0.34	17.6%	305	0.06	50
$587.50	Sep 28	0.40	0.47	$0.44	15.9%	747	0.07	196
$575.00	Sep 28	0.15	0.18	$0.16	18.8%	159	0.03	77
$580.00	Sep 28	0.21	0.25	$0.23	17.4%	55	0.04	60

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 406 found (avg delta 0.81, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$487.50	Sep 25	117.85	120.80	$119.32	2.5%	7	1.00	1
$490.00	Sep 25	115.45	118.00	$116.73	2.2%	26	1.00	12
$492.50	Sep 25	112.95	115.90	$114.43	2.6%	21	1.00	3
$495.00	Sep 25	110.45	113.55	$112.00	2.8%	55	1.00	16
$497.50	Sep 25	107.95	110.50	$109.23	2.3%	54	1.00	6

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$620.00	Sep 25	12.10	15.10	$13.60	22.1%	6	0.99	4
$622.50	Sep 25	14.50	17.60	$16.05	19.3%	2	0.99	--
$615.00	Sep 25	7.10	10.10	$8.60	34.9%	59	0.98	--
$637.50	Sep 28	29.40	32.65	$31.03	10.5%	5	0.98	--
$705.00	Oct 16	96.65	100.25	$98.45	3.7%	--	0.96	25

Most actively traded options today. High liquidity = easy entry/exit. 1,023 active (total vol 122.1K, top 15.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$700.00	Oct 16	0.84	0.94	$0.89	11.2%	6.0K	0.04	15.5K
$625.00	Oct 16	11.40	11.60	$11.50	1.7%	2.1K	0.36	12.8K
$640.00	Oct 16	6.90	7.20	$7.05	4.3%	2.0K	0.26	2.9K
$610.00	Sep 25	0.08	0.11	$0.10	30.0%	1.8K	0.09	2.2K
$607.50	Sep 25	0.55	0.67	$0.61	19.7%	1.6K	0.41	1.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$512.50	Sep 28	0.01	0.05	$0.03	133.3%	15.6K	0.00	22
$600.00	Sep 25	0.01	0.04	$0.03	100.0%	3.6K	0.02	1.5K
$602.50	Sep 25	0.03	0.06	$0.05	60.0%	2.2K	0.04	112
$605.00	Sep 25	0.17	0.23	$0.20	30.0%	1.3K	0.17	409
$570.00	Sep 30	0.52	0.65	$0.59	22.0%	1.2K	0.06	866

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 0.3%, max 0.3%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$605.00	Sep 25	Nov 6	33.9%	33.8%	0.3%	731	1.2K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$605.00	Sep 25	Nov 6	33.9%	33.8%	0.3%	1.3K	410

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 630 found (best R:R 299.00, avg 7.92)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$660.00	$690.00	Oct 1	$0.10	$29.90	$0.10	8%	299.00	$660.10
$637.50	$665.00	Oct 6	$1.35	$26.15	$1.35	17%	19.37	$638.85
$615.00	$620.00	Nov 6	$1.27	$3.73	$1.27	48%	2.94	$616.27
$592.50	$595.00	Sep 30	$1.25	$1.25	$1.25	76%	1.00	$593.75
$610.00	$612.50	Oct 8	$0.52	$1.98	$0.52	47%	3.81	$610.52

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$580.00	$575.00	Oct 8	$0.20	$4.80	$0.20	22%	24.00	$579.80
$590.00	$585.00	Oct 7	$0.75	$4.25	$0.75	30%	5.67	$589.25
$595.00	$592.50	Oct 8	$0.32	$2.18	$0.32	36%	6.81	$594.68
$600.00	$595.00	Oct 6	$1.32	$3.68	$1.32	40%	2.79	$598.68
$595.00	$590.00	Nov 6	$1.52	$3.48	$1.52	41%	2.29	$593.48

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 518 found (best R:R 0.23, avg 0.30)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$715.00	$720.00	Sep 28	$0.95	$0.95	$4.05	96%	0.23	$715.95
$612.50	$615.00	Nov 6	$2.00	$2.00	$0.50	50%	4.00	$614.50
$617.50	$620.00	Oct 5	$1.45	$1.45	$1.05	64%	1.38	$618.95
$647.50	$650.00	Sep 25	$0.57	$0.57	$1.93	94%	0.30	$648.07
$612.50	$615.00	Oct 8	$1.52	$1.52	$0.98	55%	1.55	$614.02

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$522.50	$520.00	Sep 29	$0.92	$0.92	$1.58	95%	0.58	$521.58
$500.00	$497.50	Sep 28	$0.89	$0.89	$1.61	94%	0.55	$499.11
$507.50	$505.00	Sep 29	$0.78	$0.78	$1.72	96%	0.45	$506.72
$497.50	$495.00	Sep 25	$0.61	$0.61	$1.89	98%	0.32	$496.89
$502.50	$500.00	Sep 25	$0.61	$0.61	$1.89	97%	0.32	$501.89

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $2.98, cheapest $3.49)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$607.50	Sep 25	Sep 28	$3.49	33.1%	20.5%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$607.50	Sep 25	Sep 28	$3.67	33.1%	20.5%
$617.50	Oct 2	Oct 7	$2.48	30.8%	30.4%
$612.50	Sep 28	Sep 30	$2.27	20.2%	26.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 287 found (cheapest 0.28% of stock, avg 6.22%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$607.50	Sep 25	$0.61	$1.11	$1.72	$605.78	$609.22	0.28%
$605.00	Sep 25	$2.17	$0.20	$2.37	$602.63	$607.37	0.39%
$610.00	Sep 25	$0.10	$3.61	$3.71	$606.29	$613.71	0.61%
$602.50	Sep 25	$4.55	$0.05	$4.60	$597.90	$607.10	0.76%
$600.00	Sep 25	$6.43	$0.03	$6.46	$593.54	$606.46	1.06%
$615.00	Sep 25	$0.02	$8.60	$8.62	$606.38	$623.62	1.42%
$607.50	Sep 28	$4.10	$4.78	$8.88	$598.62	$616.38	1.46%
$605.00	Sep 28	$5.43	$3.48	$8.91	$596.09	$613.91	1.47%
$610.00	Sep 28	$3.00	$6.08	$9.08	$600.92	$619.08	1.50%
$602.50	Sep 28	$6.75	$2.57	$9.32	$593.18	$611.82	1.54%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 348 found (cheapest 0.05% of stock, avg 3.52%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$610.00	$605.00	Sep 25	$0.10	$0.20	$0.30	$604.70	$610.30
$647.50	$605.00	Sep 25	$0.62	$0.20	$0.82	$604.18	$648.32
$607.50	$605.00	Sep 25	$0.61	$0.20	$0.81	$604.19	$608.31
$617.50	$595.00	Sep 28	$1.04	$1.02	$2.06	$592.94	$619.56
$617.50	$597.50	Sep 28	$1.04	$1.40	$2.44	$595.06	$619.94
$615.00	$595.00	Sep 28	$1.48	$1.02	$2.50	$592.50	$617.50
$615.00	$597.50	Sep 28	$1.48	$1.40	$2.88	$594.62	$617.88
$617.50	$600.00	Sep 28	$1.04	$1.88	$2.92	$597.08	$620.42
$615.00	$600.00	Sep 28	$1.48	$1.88	$3.36	$596.64	$618.36
$612.50	$595.00	Sep 28	$2.15	$1.02	$3.17	$591.83	$615.67

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 658 found (best R:R 0.89, avg credit $1.06)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
495/498	648/650	Sep 25	$1.18	$1.32	92%	0.89	$496.32	$648.68
500/502	648/650	Sep 25	$1.18	$1.32	92%	0.89	$501.32	$648.68
495/498	660/662	Sep 25	$0.94	$1.56	94%	0.60	$496.56	$660.94
500/502	660/662	Sep 25	$0.94	$1.56	94%	0.60	$501.56	$660.94
520/522	615/618	Sep 29	$1.64	$0.86	65%	1.91	$520.86	$616.64
498/500	690/695	Sep 28	$1.18	$3.82	91%	0.31	$498.82	$691.18
505/508	648/650	Sep 25	$0.93	$1.57	92%	0.59	$506.57	$648.43
520/522	628/630	Sep 29	$1.09	$1.41	85%	0.77	$521.41	$628.59
520/522	622/625	Sep 29	$1.22	$1.28	80%	0.95	$521.28	$623.72
520/522	630/632	Sep 29	$1.02	$1.48	88%	0.69	$521.48	$631.02

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 424 found (best R:R 1.38, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$605.00	$607.50	$610.00	Sep 25	$1.05	$1.45	74%	1.38
$510.00	$520.00	$530.00	Sep 29	$0.05	$9.95	6%	199.00
$607.50	$610.00	$612.50	Sep 25	$0.44	$2.06	38%	4.68
$605.00	$607.50	$610.00	Sep 29	$0.07	$2.43	13%	34.71
$625.00	$630.00	$635.00	Oct 16	$0.10	$4.90	8%	49.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$602.50	$605.00	$607.50	Sep 25	$0.76	$1.74	55%	2.29
$600.00	$602.50	$605.00	Sep 25	$0.13	$2.37	15%	18.23
$565.00	$570.00	$575.00	Oct 5	$0.07	$4.93	5%	70.43
$595.00	$597.50	$600.00	Sep 28	$0.10	$2.40	11%	24.00
$565.00	$570.00	$575.00	Nov 6	$0.08	$4.92	4%	61.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 579 found (best net $-2.01, 532 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$490.00	$547.50	1:2	Oct 1	-$2.01	$55.49
$545.00	$580.00	1:2	Oct 8	-$1.00	$34.00
$530.00	$562.50	1:2	Oct 7	-$16.67	$15.83
$562.50	$585.00	1:2	Oct 6	-$6.30	$16.20
$580.00	$600.00	1:2	Oct 8	-$3.66	$16.34

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$620.00	$612.50	1:2	Sep 28	-$2.83	$4.67
$620.00	$615.00	1:2	Sep 25	-$3.60	$1.40
$630.00	$620.00	1:2	Sep 30	-$7.40	$2.60
$575.00	$560.00	1:2	Oct 7	-$0.82	$14.18
$552.50	$535.00	1:2	Oct 6	-$0.17	$17.33

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 212 found (best yield 4.79%, avg 1.08%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$607.50	Nov 6	$29.05	0.52	0.1%	4.79%	4.86%	1	--
$620.00	Nov 6	$23.25	0.46	2.1%	3.83%	5.96%	26	--
$612.50	Nov 6	$26.35	0.49	0.9%	4.34%	5.24%	2	1
$615.00	Nov 6	$24.80	0.48	1.3%	4.09%	5.39%	4	1
$630.00	Nov 6	$19.20	0.41	3.8%	3.16%	6.94%	1	--
$625.00	Nov 6	$20.40	0.43	3.0%	3.36%	6.32%	4	--
$635.00	Nov 6	$17.35	0.38	4.6%	2.86%	7.46%	--	11
$615.00	Oct 30	$22.50	0.47	1.3%	3.71%	5.02%	111	236
$607.50	Oct 30	$26.00	0.52	0.1%	4.28%	4.36%	2	4
$612.50	Oct 30	$23.55	0.49	0.9%	3.88%	4.78%	6	17

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 74,094

Total Puts 221,270

Put/Call Ratio 2.99

Net Difference -147,176

Prior's Put/Call Breakdown

Total Calls 86,081

Total Puts 80,449

Put/Call Ratio 0.93

Net Difference 5,632

Prior 7-Day Put/Call Summary

Total Calls 581,085

Total Puts 789,933

Average Put/Call Ratio 1.41

Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
Loading data...

Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

Add Card