SMH - Options Database

SMH

VanEck Semiconductor ETF

$601.15 -0.89%

(9/28 15:00) ◀

Monday, September 28, 2026 (3:13pm)

▶

◀ 9/28 15:13

Option Volume

Detail

ℹ

Current (09/28) 145,307

Calls: 52,713 (36%)

Puts: 92,594 (64%)

Prior (09/25) 318,585

Calls: 86,546 (27%)

Puts: 232,039 (73%)

Current vs Prior -54.39%

Calls: -39.09% (Calls)

Puts: -60.10% (Puts)

Prior 7-Day Total 1,539,983

Calls: 601,631 (39%)

Puts: 938,352 (61%)

Prior 7-Day Average 256,663

Calls: 85,947 (39%)

Puts: 134,050 (61%)

Current vs Prior 7-Day Avg -43.39%

Calls: -38.67%

Puts: -30.93%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/28) $90.30M

Calls: $57.80M (64%)

Puts: $32.50M (36%)

Prior (09/25) $139.69M

Calls: $91.49M (65%)

Puts: $48.20M (35%)

Current vs Prior -35.36%

Calls: -36.83%

Puts: -32.58%

Prior 7-Day Total $1.09B

Calls: $732.80M (67%)

Puts: $360.17M (33%)

Prior 7-Day Average $182.16M

Calls: $104.69M (67%)

Puts: $51.45M (33%)

Current vs Prior 7-Day Avg -50.43%

Calls: -44.79%

Puts: -36.84%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/28) 1.76

Prior (09/25) 2.68

Current vs Prior -34.48%

Prior 7-Day Average 1.65

Current vs Prior 7-Day Avg +6.47%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/28) 1,714,840

Calls: 632,600 (37%)

Puts: 1,082,240 (63%)

Prior (09/25) 1,176,532

Calls: 389,881 (33%)

Puts: 786,651 (67%)

Current vs Prior +45.75%

Prior 7-Day Total 7,961,495

Calls: 2,975,546 (37%)

Puts: 4,985,949 (63%)

Prior 7-Day Average 1,326,915

Calls: 495,924 (37%)

Puts: 830,991 (63%)

Current vs Prior 7-Day Avg +29.24%

Sentiment BULLISH

Expected Move

Detail

ℹ

0DTE3DTEWKMO Expiry (09/28) | Next (09/29)Expiry (09/28) | Next (09/30)Expiry (10/02) | Next (10/09)Expiry (10/16) | Next (11/20)

Current 0.60% | 1.55%0.60% | 2.15%3.21% | 4.70%6.03% | 11.52%

Prior 1.58% | 2.16%0.59% | 1.58%0.59% | 3.51%6.24% | 11.64%

Current vs Prior -62.29% | -28.38%+1.47% | +36.39%+447.03% | +33.87%-3.31% | -1.02%

Prior 7-Day Avg 1.24% | 1.91%0.90% | 1.99%1.71% | 4.02%4.78% | 10.44%

Current vs 7-Day Avg -51.87% | -18.75%-33.80% | +8.52%+87.42% | +16.98%+26.21% | +10.31%

Prior 7-Day Eod 1.58% | 2.16%0.59% | 1.58%0.59% | 3.51%6.24% | 11.64%

Current vs 7-Day Eod -62.29% | -28.38%+1.47% | +36.39%+447.03% | +33.87%-3.31% | -1.02%

Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 37.32% | 36.96%

Calls: 15.82% | 41.31%

Puts: 58.82% | 32.61%

Prior 40.81% | 37.75%

Calls: 32.73% | 44.60%

Puts: 48.89% | 30.89%

Current vs Prior -8.55% | -2.09%

Prior 7-Day Avg 44.18% | 34.44%

Calls: 44.56% | 46.34%

Puts: 43.81% | 22.54%

Current vs 7-Day Avg -15.53% | +7.32%

Liquidity Expensive

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🤖 AI Insights

Moderately bullish flow with 64% call dollar volume ($57.80M). Below-average activity with volume down 54% vs prior. Extreme bearish P/C ratio of 1.76 - heavy put buying. P/C ratio dropping 34% - sentiment shifting bullish.

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 BEARISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BEARISH

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

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High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 501 of results (avg 5.8%, best 1.1%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$607.50	Oct 30	22.25	22.50	$22.38	1.1%	54	0.48	7
$607.50	Oct 23	18.15	18.40	$18.27	1.4%	5	0.47	17
$622.50	Oct 23	12.05	12.25	$12.15	1.6%	40	0.36	25
$607.50	Oct 16	14.70	14.95	$14.83	1.7%	65	0.46	98
$597.50	Oct 23	23.20	23.60	$23.40	1.7%	24	0.55	33

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$605.00	Nov 6	28.30	28.85	$28.58	1.9%	18	0.50	2
$602.50	Nov 6	27.05	27.60	$27.33	2.0%	17	0.49	--
$572.50	Oct 23	9.45	9.65	$9.55	2.1%	65	0.28	32
$597.50	Nov 6	24.70	25.25	$24.98	2.2%	2	0.46	--
$580.00	Oct 16	8.80	9.00	$8.90	2.2%	134	0.30	1.6K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 62 found (avg $0.64, cheapest $0.63)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$612.50	Sep 29	0.57	0.69	$0.63	19.0%	766	0.13	292
$610.00	Sep 29	0.89	1.06	$0.98	17.3%	270	0.18	81
$622.50	Sep 30	0.58	0.69	$0.64	17.2%	43	0.09	17
$620.00	Sep 30	0.77	0.89	$0.83	14.5%	532	0.11	97
$642.50	Oct 2	0.52	0.56	$0.54	7.4%	73	0.05	572

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$585.00	Sep 29	0.43	0.50	$0.47	14.9%	1.4K	0.08	889
$582.50	Sep 29	0.32	0.39	$0.36	19.4%	520	0.06	127
$587.50	Sep 29	0.59	0.69	$0.64	15.6%	218	0.11	1.1K
$590.00	Sep 29	0.86	0.91	$0.89	5.6%	433	0.15	106
$572.50	Sep 30	0.43	0.52	$0.48	18.8%	527	0.06	32

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 363 found (avg delta 0.80, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$482.50	Sep 28	116.45	120.15	$118.30	3.1%	39	1.00	--
$485.00	Sep 28	113.95	117.65	$115.80	3.2%	65	1.00	--
$487.50	Sep 28	111.45	115.15	$113.30	3.3%	66	1.00	--
$490.00	Sep 28	108.95	112.65	$110.80	3.3%	22	1.00	3
$492.50	Sep 28	106.90	110.15	$108.53	3.0%	38	1.00	3

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$690.00	Oct 1	87.40	90.85	$89.13	3.9%	29	1.00	--
$635.00	Sep 28	32.45	35.85	$34.15	10.0%	33	1.00	--
$620.00	Sep 28	17.45	20.50	$18.98	16.1%	10	0.99	17
$610.00	Sep 28	7.40	10.65	$9.03	36.0%	24	0.99	10
$612.50	Sep 28	10.55	13.20	$11.88	22.3%	11	0.99	97

Most actively traded options today. High liquidity = easy entry/exit. 955 active (total vol 115.2K, top 19.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$607.50	Sep 28	0.01	0.03	$0.02	100.0%	4.4K	0.02	1.3K
$600.00	Sep 28	1.45	1.70	$1.58	15.8%	1.9K	0.67	1.1K
$602.50	Sep 28	0.28	0.44	$0.36	44.4%	1.8K	0.26	206
$605.00	Sep 28	0.03	0.07	$0.05	80.0%	1.5K	0.05	58
$620.00	Oct 2	2.50	2.63	$2.57	5.1%	1.4K	0.20	2.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$490.00	Oct 2	0.07	0.09	$0.08	25.0%	19.9K	0.01	2.9K
$595.00	Sep 28	0.04	0.07	$0.06	50.0%	1.7K	0.04	485
$600.00	Sep 28	0.46	0.62	$0.54	29.6%	1.4K	0.34	647
$585.00	Sep 29	0.43	0.50	$0.47	14.9%	1.4K	0.08	889
$590.00	Sep 28	0.01	0.03	$0.02	100.0%	1.3K	0.01	660

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 6.7%, max 10.2%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$600.00	Sep 28	Nov 6	37.6%	34.1%	10.2%	2.0K	1.1K
$602.50	Sep 28	Nov 6	35.3%	33.9%	4.2%	1.8K	206

PUTS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$600.00	Sep 28	Nov 6	37.6%	34.1%	10.2%	1.4K	647
$615.00	Oct 2	Oct 23	36.0%	33.4%	7.8%	--	27
$602.50	Sep 28	Nov 6	35.3%	33.9%	4.2%	347	135
$625.00	Oct 2	Oct 30	36.2%	35.0%	3.5%	3	36

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 594 found (best R:R 42.01, avg 6.87)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$640.00	$680.00	Oct 7	$0.93	$39.07	$0.93	11%	42.01	$640.93
$680.00	$715.00	Oct 1	$0.56	$34.44	$0.56	6%	61.50	$680.56
$595.00	$610.00	Oct 12	$6.95	$8.05	$6.95	58%	1.16	$601.95
$590.00	$592.50	Sep 30	$1.40	$1.10	$1.40	76%	0.79	$591.40
$602.50	$605.00	Oct 9	$0.75	$1.75	$0.75	49%	2.33	$603.25

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$602.50	$600.00	Sep 30	$0.70	$1.80	$0.70	54%	2.57	$601.80
$560.00	$557.50	Oct 30	$0.13	$2.37	$0.13	24%	18.23	$559.87
$605.00	$602.50	Oct 2	$0.98	$1.52	$0.98	57%	1.55	$604.02
$552.50	$550.00	Oct 30	$0.12	$2.38	$0.12	20%	19.83	$552.38
$612.50	$610.00	Oct 2	$1.33	$1.17	$1.33	69%	0.88	$611.17

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 487 found (best R:R 0.17, avg 0.32)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$690.00	$705.00	Sep 29	$2.14	$2.14	$12.86	92%	0.17	$692.14
$610.00	$635.00	Oct 12	$7.65	$7.65	$17.35	58%	0.44	$617.65
$700.00	$705.00	Sep 28	$0.68	$0.68	$4.32	96%	0.16	$700.68
$652.50	$655.00	Oct 1	$0.68	$0.68	$1.82	92%	0.37	$653.18
$647.50	$650.00	Oct 1	$0.56	$0.56	$1.94	93%	0.29	$648.06

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$522.50	$520.00	Oct 1	$1.04	$1.04	$1.46	94%	0.71	$521.46
$492.50	$490.00	Sep 30	$0.71	$0.71	$1.79	97%	0.40	$491.79
$500.00	$495.00	Oct 1	$0.76	$0.76	$4.24	96%	0.18	$499.24
$532.50	$530.00	Oct 1	$0.58	$0.58	$1.92	95%	0.30	$531.92
$597.50	$595.00	Nov 6	$1.60	$1.60	$0.90	54%	1.78	$595.90

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $2.92, cheapest $3.01)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$600.00	Sep 28	Sep 29	$3.14	37.6%	31.9%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$600.00	Sep 28	Sep 29	$3.01	37.6%	31.9%
$617.50	Oct 16	Oct 23	$2.60	32.8%	33.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 279 found (cheapest 0.35% of stock, avg 5.86%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$600.00	Sep 28	$1.58	$0.54	$2.12	$597.88	$602.12	0.35%
$602.50	Sep 28	$0.36	$2.00	$2.36	$600.14	$604.86	0.39%
$597.50	Sep 28	$3.62	$0.15	$3.77	$593.73	$601.27	0.63%
$605.00	Sep 28	$0.05	$3.93	$3.98	$601.02	$608.98	0.66%
$595.00	Sep 28	$5.82	$0.06	$5.88	$589.12	$600.88	0.98%
$607.50	Sep 28	$0.02	$6.48	$6.50	$601.00	$614.00	1.08%
$602.50	Sep 29	$3.22	$4.60	$7.82	$594.68	$610.32	1.30%
$600.00	Sep 29	$4.72	$3.55	$8.27	$591.73	$608.27	1.38%
$592.50	Sep 28	$8.32	$0.04	$8.36	$584.14	$600.86	1.39%
$605.00	Sep 29	$2.25	$6.40	$8.65	$596.35	$613.65	1.44%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 334 found (cheapest 0.08% of stock, avg 3.41%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$602.50	$597.50	Sep 28	$0.36	$0.15	$0.51	$596.99	$603.01
$645.00	$597.50	Sep 28	$0.69	$0.15	$0.84	$596.66	$645.84
$655.00	$597.50	Sep 28	$0.69	$0.15	$0.84	$596.66	$655.84
$602.50	$600.00	Sep 28	$0.36	$0.54	$0.90	$599.10	$603.40
$612.50	$590.00	Sep 29	$0.63	$0.89	$1.52	$588.48	$614.02
$645.00	$600.00	Sep 28	$0.69	$0.54	$1.23	$598.77	$646.23
$655.00	$600.00	Sep 28	$0.69	$0.54	$1.23	$598.77	$656.23
$610.00	$590.00	Sep 29	$0.98	$0.89	$1.87	$588.13	$611.87
$612.50	$592.50	Sep 29	$0.63	$1.29	$1.92	$590.58	$614.42
$610.00	$592.50	Sep 29	$0.98	$1.29	$2.27	$590.23	$612.27

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 538 found (best R:R 3.81, avg credit $0.97)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
520/522	612/615	Oct 1	$1.98	$0.52	65%	3.81	$520.52	$614.48
520/522	620/622	Oct 1	$1.70	$0.80	75%	2.12	$520.80	$621.70
520/522	615/618	Oct 1	$1.67	$0.83	70%	2.01	$520.83	$616.67
520/522	630/632	Oct 1	$1.29	$1.21	84%	1.07	$521.21	$631.29
520/522	628/630	Oct 1	$1.30	$1.20	82%	1.08	$521.20	$628.80
520/522	610/612	Oct 1	$1.80	$0.70	60%	2.57	$520.70	$611.80
508/510	700/705	Sep 28	$1.04	$3.96	94%	0.26	$508.96	$701.04
520/522	622/625	Oct 1	$1.26	$1.24	80%	1.02	$521.24	$623.76
515/518	700/705	Sep 28	$1.04	$3.96	94%	0.26	$516.46	$701.04
540/542	700/705	Sep 28	$1.03	$3.97	93%	0.26	$541.47	$701.03

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 410 found (best R:R 4.32, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$597.50	$600.00	$602.50	Sep 28	$0.82	$1.68	64%	2.05
$595.00	$597.50	$600.00	Sep 28	$0.16	$2.34	30%	14.62
$595.00	$597.50	$600.00	Sep 29	$0.06	$2.44	18%	40.67
$600.00	$602.50	$605.00	Sep 28	$0.91	$1.59	62%	1.75
$590.00	$592.50	$595.00	Sep 29	$0.05	$2.45	12%	49.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$600.00	$602.50	$605.00	Sep 28	$0.47	$2.03	62%	4.32
$597.50	$600.00	$602.50	Sep 29	$0.06	$2.44	19%	40.67
$595.00	$597.50	$600.00	Sep 28	$0.30	$2.20	30%	7.33
$575.00	$580.00	$585.00	Oct 6	$0.16	$4.84	9%	30.25
$592.50	$595.00	$597.50	Oct 2	$0.05	$2.45	9%	49.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 561 found (best net $-13.85, 519 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$522.50	$550.00	1:2	Sep 29	-$23.42	$4.08
$595.00	$610.00	1:2	Oct 12	-$3.98	$11.02
$580.00	$595.00	1:2	Oct 12	-$7.51	$7.49
$675.00	$700.00	1:2	Nov 6	-$0.83	$24.17
$620.00	$630.00	1:2	Oct 6	-$0.61	$9.39

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$680.00	$647.50	1:2	Sep 28	-$13.85	$18.65
$645.00	$620.00	1:2	Oct 9	-$3.97	$21.03
$635.00	$620.00	1:2	Sep 28	-$3.81	$11.19
$620.00	$610.00	1:2	Sep 30	-$3.44	$6.56
$620.00	$612.50	1:2	Sep 28	-$4.78	$2.72

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 210 found (best yield 4.05%, avg 1.08%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$610.00	Nov 6	$24.35	0.47	1.5%	4.05%	5.52%	4	--
$607.50	Nov 6	$25.35	0.49	1.1%	4.22%	5.27%	9	1
$615.00	Nov 6	$22.05	0.45	2.3%	3.67%	5.97%	21	3
$605.00	Nov 6	$26.20	0.50	0.6%	4.36%	5.00%	166	3
$612.50	Nov 6	$22.75	0.46	1.9%	3.78%	5.67%	4	3
$617.50	Nov 6	$20.95	0.43	2.7%	3.48%	6.20%	6	--
$602.50	Nov 6	$27.20	0.51	0.2%	4.52%	4.75%	5	--
$620.00	Nov 6	$19.95	0.42	3.1%	3.32%	6.45%	31	26
$622.50	Nov 6	$18.95	0.41	3.5%	3.15%	6.70%	10	--
$625.00	Nov 6	$17.95	0.39	4.0%	2.99%	6.95%	12	4

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 52,713

Total Puts 92,594

Put/Call Ratio 1.76

Net Difference -39,881

Prior's Put/Call Breakdown

Total Calls 86,546

Total Puts 232,039

Put/Call Ratio 2.68

Net Difference -145,493

Prior 7-Day Put/Call Summary

Total Calls 601,631

Total Puts 938,352

Average Put/Call Ratio 1.65

Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
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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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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📈 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

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