SMH - Options Database

SMH

VanEck Semiconductor ETF

$606.14 +0.94%

(9/25 10:00) ◀

Friday, September 25, 2026 (11:00am)

▶ (9/25 12:00)

◀ 9/25 11:00 ▶

Option Volume

Detail

ℹ

Current (09/25 11:00am) 60,737

Calls: 30,302 (50%)

Puts: 30,435 (50%)

Prior (09/24) 45,847

Calls: 23,299 (51%)

Puts: 22,548 (49%)

Current vs Prior +32.48%

Calls: +30.06% (Calls)

Puts: +34.98% (Puts)

Prior 7-Day Total 1,794,558

Calls: 731,623 (41%)

Puts: 1,062,935 (59%)

Prior 7-Day Average 256,365

Calls: 104,517 (41%)

Puts: 151,847 (59%)

Current vs Prior 7-Day Avg -76.31%

Calls: -71.01%

Puts: -79.96%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/25 11:00am) $46.91M

Calls: $33.81M (72%)

Puts: $13.11M (28%)

Prior (09/24) $28.56M

Calls: $16.82M (59%)

Puts: $11.74M (41%)

Current vs Prior +64.27%

Calls: +100.94%

Puts: +11.69%

Prior 7-Day Total $1.43B

Calls: $816.49M (57%)

Puts: $608.66M (43%)

Prior 7-Day Average $203.59M

Calls: $116.64M (57%)

Puts: $86.95M (43%)

Current vs Prior 7-Day Avg -76.96%

Calls: -71.02%

Puts: -84.92%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25 11:00am) 1.00

Prior (09/24) 0.97

Current vs Prior +3.78%

Prior 7-Day Average 1.52

Current vs Prior 7-Day Avg -34.09%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/25 11:00am) 1,790,255

Calls: 649,638 (36%)

Puts: 1,140,617 (64%)

Prior (09/24) 1,772,980

Calls: 647,984 (37%)

Puts: 1,124,996 (63%)

Current vs Prior +0.97%

Prior 7-Day Total 12,970,324

Calls: 4,924,732 (38%)

Puts: 8,045,592 (62%)

Prior 7-Day Average 1,852,903

Calls: 703,533 (38%)

Puts: 1,149,370 (62%)

Current vs Prior 7-Day Avg -3.38%

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 0.90% | 1.78%0.90% | 1.78%0.90% | 3.69%6.53% | 11.99%

Prior 1.51% | 2.35%1.51% | 2.35%1.51% | 4.06%6.72% | 11.91%

Current vs Prior -40.64% | -24.28%-40.64% | -24.28%-40.64% | -9.05%-2.87% | +0.61%

Prior 7-Day Avg 1.57% | 2.15%0.95% | 2.15%1.95% | 4.10%3.34% | 9.55%

Current vs 7-Day Avg -42.91% | -17.31%-5.65% | -17.30%-53.88% | -9.99%+95.27% | +25.49%

Prior 7-Day Eod 1.51% | 2.35%1.66% | 2.31%1.66% | 4.06%6.81% | 11.92%

Current vs 7-Day Eod -40.64% | -24.28%-45.78% | -22.91%-45.78% | -9.05%-4.10% | +0.57%

Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 18.34% | 12.03%

Calls: 15.67% | 11.21%

Puts: 21.01% | 12.84%

Prior 45.27% | 35.27%

Calls: 45.71% | 31.30%

Puts: 44.82% | 39.24%

Current vs Prior -59.49% | -65.89%

Prior 7-Day Avg 37.38% | 32.95%

Calls: 41.76% | 43.23%

Puts: 33.01% | 22.67%

Current vs 7-Day Avg -50.94% | -63.49%

Liquidity Expensive

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🤖 AI Insights

Moderately bullish flow with 72% call dollar volume ($33.81M). Elevated premium activity with dollar volume up 64% vs prior. Slightly bearish P/C ratio of 1.00. Put-heavy open interest (1,140,617 puts vs 649,638 calls) suggests hedging or bearish positioning.

Smart Money BULLISH

Retail Flow NEUTRAL

Overall MIXED

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BEARISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
11:00	BULLISH	NEUTRAL	MIXED
10:00	BULLISH	NEUTRAL	MIXED

📈 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 496 of results (avg 6.2%, best 2.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$612.50	Oct 30	24.10	24.65	$24.38	2.3%	1	0.48	17
$617.50	Oct 30	21.80	22.30	$22.05	2.3%	4	0.45	10
$615.00	Oct 30	22.95	23.50	$23.23	2.4%	88	0.47	236
$625.00	Oct 30	18.65	19.10	$18.88	2.4%	4	0.41	272
$622.50	Oct 30	19.65	20.15	$19.90	2.5%	7	0.42	232

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$610.00	Oct 23	23.55	24.15	$23.85	2.5%	2	0.51	28
$575.00	Oct 30	13.25	13.60	$13.43	2.6%	56	0.30	25
$607.50	Oct 23	22.30	22.90	$22.60	2.7%	5	0.49	--
$602.50	Oct 23	19.95	20.50	$20.23	2.7%	6	0.46	17
$605.00	Oct 23	21.10	21.70	$21.40	2.8%	6	0.48	7

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 65 found (avg $0.61, cheapest $0.21)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$627.50	Sep 28	0.30	0.34	$0.32	12.5%	13	0.06	56
$625.00	Sep 28	0.40	0.45	$0.43	11.6%	118	0.07	20
$622.50	Sep 28	0.56	0.63	$0.60	11.7%	265	0.10	1
$620.00	Sep 28	0.78	0.89	$0.84	13.1%	250	0.13	153
$637.50	Sep 29	0.34	0.40	$0.37	16.2%	56	0.05	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$597.50	Sep 25	0.19	0.22	$0.21	14.3%	337	0.07	525
$602.50	Sep 25	0.66	0.80	$0.73	19.2%	1.1K	0.24	112
$590.00	Sep 25	0.05	0.06	$0.06	16.7%	443	0.02	1.7K
$585.00	Sep 28	0.47	0.51	$0.49	8.2%	76	0.07	50
$587.50	Sep 28	0.61	0.67	$0.64	9.4%	174	0.10	196

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 372 found (avg delta 0.81, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$515.00	Sep 25	89.15	92.50	$90.83	3.7%	--	1.00	10
$500.00	Sep 28	104.25	107.50	$105.88	3.1%	2	1.00	--
$522.50	Sep 28	81.65	85.00	$83.33	4.0%	--	1.00	78
$532.50	Sep 28	71.80	75.20	$73.50	4.6%	--	1.00	14
$540.00	Sep 28	64.30	67.50	$65.90	4.9%	--	1.00	18

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$620.00	Sep 25	12.75	15.90	$14.33	22.0%	2	1.00	4
$615.00	Sep 25	7.85	11.00	$9.43	33.4%	45	0.96	--
$637.50	Sep 28	29.65	33.40	$31.53	11.9%	5	0.95	--
$705.00	Oct 23	97.95	101.35	$99.65	3.4%	3	0.94	--
$705.00	Oct 16	97.75	101.00	$99.38	3.3%	--	0.93	25

Most actively traded options today. High liquidity = easy entry/exit. 780 active (total vol 49.9K, top 2.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$630.00	Oct 16	9.95	10.35	$10.15	3.9%	1.6K	0.33	9.1K
$610.00	Oct 2	8.60	9.05	$8.82	5.1%	1.1K	0.45	1.0K
$610.00	Sep 25	0.60	0.78	$0.69	26.1%	1.0K	0.23	2.2K
$660.00	Oct 16	3.45	3.80	$3.63	9.6%	774	0.15	3.4K
$640.00	Oct 16	7.15	7.55	$7.35	5.4%	752	0.26	2.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$600.00	Sep 25	0.32	0.41	$0.37	24.3%	2.0K	0.13	1.5K
$602.50	Sep 25	0.66	0.80	$0.73	19.2%	1.1K	0.24	112
$540.00	Oct 16	2.62	2.81	$2.72	7.0%	660	0.10	10.9K
$570.00	Oct 16	6.60	6.90	$6.75	4.4%	605	0.22	1.3K
$560.00	Oct 16	4.85	5.10	$4.97	5.0%	601	0.17	5.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 5 strikes (avg 4.0%, max 5.3%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$602.50	Sep 25	Oct 30	35.1%	33.4%	5.3%	169	1.3K
$607.50	Sep 25	Oct 30	34.4%	33.1%	3.9%	561	1.1K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$602.50	Sep 25	Oct 30	35.1%	33.4%	5.3%	1.1K	112
$607.50	Sep 25	Oct 30	34.4%	33.1%	3.9%	251	19
$605.00	Sep 25	Oct 30	34.2%	33.6%	1.7%	432	422

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 571 found (best R:R 299.00, avg 8.06)

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
$650.00	$690.00	Oct 5	$0.66	$39.34	$0.66	11%	59.61	$650.66
$635.00	$647.50	Oct 1	$0.30	$12.20	$0.30	13%	40.67	$635.30
$590.00	$595.00	Nov 6	$2.10	$2.90	$2.10	60%	1.38	$592.10
$632.50	$665.00	Oct 6	$2.37	$30.13	$2.37	21%	12.71	$634.87

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$515.00	$495.00	Oct 5	$0.10	$19.90	$0.10	5%	199.00	$514.90
$560.00	$545.00	Oct 7	$0.66	$14.34	$0.66	12%	21.73	$559.34
$625.00	$615.00	Oct 9	$5.85	$4.15	$5.85	68%	0.71	$619.15
$605.00	$602.50	Oct 5	$0.66	$1.84	$0.66	49%	2.79	$604.34
$590.00	$585.00	Oct 5	$0.83	$4.17	$0.83	30%	5.02	$589.17

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 476 found (best R:R 0.72, avg 0.30)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$645.00	$650.00	Sep 29	$1.00	$1.00	$4.00	90%	0.25	$646.00
$607.50	$610.00	Oct 1	$1.55	$1.55	$0.95	53%	1.63	$609.05
$710.00	$715.00	Oct 2	$0.51	$0.51	$4.49	96%	0.11	$710.51
$612.50	$615.00	Sep 30	$1.25	$1.25	$1.25	63%	1.00	$613.75
$615.00	$617.50	Oct 6	$1.30	$1.30	$1.20	61%	1.08	$616.30

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$505.00	$502.50	Sep 29	$1.05	$1.05	$1.45	96%	0.72	$503.95
$495.00	$490.00	Sep 29	$0.90	$0.90	$4.10	96%	0.22	$494.10
$535.00	$490.00	Nov 6	$4.13	$4.13	$40.87	84%	0.10	$530.87
$522.50	$520.00	Sep 29	$0.77	$0.77	$1.73	95%	0.45	$521.73
$590.00	$580.00	Oct 8	$3.25	$3.25	$6.75	67%	0.48	$586.75

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $4.02, cheapest $2.67)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$605.00	Sep 25	Sep 28	$2.67	34.2%	20.7%
$607.50	Sep 25	Sep 28	$2.73	34.4%	21.8%

PUTS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$605.00	Sep 25	Sep 28	$2.79	34.2%	20.7%
$607.50	Sep 25	Sep 28	$2.69	34.4%	21.8%
$612.50	Sep 30	Oct 2	$2.07	28.9%	31.4%
$617.50	Oct 2	Oct 23	$11.20	31.2%	35.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 258 found (cheapest 0.69% of stock, avg 6.28%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$605.00	Sep 25	$2.68	$1.49	$4.17	$600.83	$609.17	0.69%
$607.50	Sep 25	$1.45	$2.76	$4.21	$603.29	$611.71	0.69%
$602.50	Sep 25	$4.22	$0.73	$4.95	$597.55	$607.45	0.82%
$610.00	Sep 25	$0.69	$5.35	$6.04	$603.96	$616.04	1.00%
$600.00	Sep 25	$6.43	$0.37	$6.80	$593.20	$606.80	1.12%
$597.50	Sep 25	$8.65	$0.21	$8.86	$588.64	$606.36	1.46%
$615.00	Sep 25	$0.14	$9.43	$9.57	$605.43	$624.57	1.58%
$605.00	Sep 28	$5.35	$4.28	$9.63	$595.37	$614.63	1.59%
$607.50	Sep 28	$4.18	$5.45	$9.63	$597.87	$617.13	1.59%
$602.50	Sep 28	$6.68	$3.33	$10.01	$592.49	$612.51	1.65%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 346 found (cheapest 0.06% of stock, avg 3.48%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$615.00	$597.50	Sep 25	$0.14	$0.21	$0.35	$597.15	$615.35
$615.00	$600.00	Sep 25	$0.14	$0.37	$0.51	$599.49	$615.51
$612.50	$597.50	Sep 25	$0.31	$0.21	$0.52	$596.98	$613.02
$612.50	$600.00	Sep 25	$0.31	$0.37	$0.68	$599.32	$613.18
$615.00	$602.50	Sep 25	$0.14	$0.73	$0.87	$601.63	$615.87
$610.00	$597.50	Sep 25	$0.69	$0.21	$0.90	$596.60	$610.90
$610.00	$600.00	Sep 25	$0.69	$0.37	$1.06	$598.94	$611.06
$612.50	$602.50	Sep 25	$0.31	$0.73	$1.04	$601.46	$613.54
$610.00	$602.50	Sep 25	$0.69	$0.73	$1.42	$601.08	$611.42
$607.50	$597.50	Sep 25	$1.45	$0.21	$1.66	$595.84	$609.16

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 560 found (best R:R 2.21, avg credit $1.10)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
502/505	615/618	Sep 29	$1.72	$0.78	66%	2.21	$503.28	$616.72
502/505	630/632	Sep 29	$1.18	$1.32	87%	0.89	$503.82	$631.18
502/505	618/620	Sep 29	$1.57	$0.93	72%	1.69	$503.43	$619.07
502/505	622/625	Sep 29	$1.36	$1.14	80%	1.19	$503.64	$623.86
502/505	625/628	Sep 29	$1.28	$1.22	83%	1.05	$503.72	$626.28
502/505	628/630	Sep 29	$1.22	$1.28	85%	0.95	$503.78	$628.72
502/505	620/622	Sep 29	$1.45	$1.05	76%	1.38	$503.55	$621.45
502/505	612/615	Sep 29	$1.81	$0.69	61%	2.62	$503.19	$614.31
500/502	648/650	Sep 25	$0.82	$1.68	94%	0.49	$501.68	$648.32
500/502	705/710	Sep 25	$0.93	$4.07	94%	0.23	$501.57	$705.93

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 389 found (best R:R 7.06, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$602.50	$605.00	$607.50	Sep 25	$0.31	$2.19	36%	7.06
$610.00	$612.50	$615.00	Sep 28	$0.10	$2.40	14%	24.00
$510.00	$520.00	$530.00	Sep 29	$0.23	$9.77	6%	42.48
$605.00	$607.50	$610.00	Sep 25	$0.47	$2.03	36%	4.32
$655.00	$660.00	$665.00	Oct 30	$0.05	$4.95	4%	99.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$585.00	$590.00	$595.00	Oct 1	$0.16	$4.84	13%	30.25
$580.00	$585.00	$590.00	Oct 7	$0.11	$4.89	10%	44.45
$600.00	$602.50	$605.00	Sep 28	$0.08	$2.42	16%	30.25
$570.00	$575.00	$580.00	Oct 5	$0.08	$4.92	6%	61.50
$600.00	$602.50	$605.00	Sep 29	$0.08	$2.42	12%	30.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 530 found (best net $-2.02, 483 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$490.00	$547.50	1:2	Oct 1	-$2.02	$55.48
$530.00	$562.50	1:2	Oct 7	-$16.37	$16.13
$562.50	$585.00	1:2	Oct 6	-$6.26	$16.24
$635.00	$665.00	1:2	Nov 6	-$1.17	$28.83
$595.00	$610.00	1:2	Oct 7	-$2.26	$12.74

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$625.00	$590.00	1:2	Nov 6	-$4.95	$30.05
$620.00	$610.00	1:2	Sep 28	-$0.37	$9.63
$645.00	$625.00	1:2	Oct 9	-$9.72	$10.28
$675.00	$640.00	1:2	Nov 6	-$22.46	$12.54
$615.00	$610.00	1:2	Sep 25	-$1.27	$3.73

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 193 found (best yield 3.75%, avg 1.08%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$620.00	Nov 6	$22.70	0.45	2.3%	3.75%	6.03%	1	--
$615.00	Nov 6	$24.65	0.47	1.5%	4.07%	5.53%	1	1
$630.00	Nov 6	$18.80	0.40	3.9%	3.10%	7.04%	1	--
$635.00	Nov 6	$16.85	0.37	4.8%	2.78%	7.54%	--	11
$612.50	Oct 30	$24.10	0.48	1.1%	3.98%	5.03%	1	17
$615.00	Oct 30	$22.95	0.47	1.5%	3.79%	5.25%	88	236
$617.50	Oct 30	$21.80	0.45	1.9%	3.60%	5.47%	4	10
$620.00	Oct 30	$20.70	0.44	2.3%	3.42%	5.70%	57	203
$622.50	Oct 30	$19.65	0.42	2.7%	3.24%	5.94%	7	232
$625.00	Oct 30	$18.65	0.41	3.1%	3.08%	6.19%	4	272

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 30,302

Total Puts 30,435

Put/Call Ratio 1.00

Net Difference -133

Prior's Put/Call Breakdown

Total Calls 23,299

Total Puts 22,548

Put/Call Ratio 0.97

Net Difference 751

Prior 7-Day Put/Call Summary

Total Calls 731,623

Total Puts 1,062,935

Average Put/Call Ratio 1.52

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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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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