SMH - Options Database

SMH

VanEck Semiconductor ETF

$606.52 +1.00%

(9/25 11:00) ◀

Friday, September 25, 2026 (12:00pm)

▶

◀ 9/25 12:00

Option Volume

Detail

ℹ

Current (09/25 12:00pm) 103,330

Calls: 40,273 (39%)

Puts: 63,057 (61%)

Prior (09/24) 69,315

Calls: 36,571 (53%)

Puts: 32,744 (47%)

Current vs Prior +49.07%

Calls: +10.12% (Calls)

Puts: +92.58% (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 -59.69%

Calls: -61.47%

Puts: -58.47%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/25 12:00pm) $69.40M

Calls: $47.60M (69%)

Puts: $21.80M (31%)

Prior (09/24) $43.86M

Calls: $25.67M (59%)

Puts: $18.19M (41%)

Current vs Prior +58.25%

Calls: +85.44%

Puts: +19.86%

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 -65.91%

Calls: -59.19%

Puts: -74.93%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25 12:00pm) 1.57

Prior (09/24) 0.90

Current vs Prior +74.87%

Prior 7-Day Average 1.52

Current vs Prior 7-Day Avg +2.74%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/25 12:00pm) 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 0.97% | 1.82%0.97% | 1.82%0.97% | 3.68%6.42% | 11.88%

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

Current vs Prior -36.10% | -22.50%-36.10% | -22.50%-36.10% | -9.31%-4.54% | -0.26%

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 -38.54% | -15.37%+1.58% | -15.36%-50.35% | -10.25%+91.90% | +24.41%

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 -36.10% | -22.50%-41.63% | -21.11%-41.63% | -9.31%-5.76% | -0.30%

Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 32.55% | 22.18%

Calls: 12.70% | 14.34%

Puts: 52.40% | 30.02%

Prior 45.27% | 35.27%

Calls: 45.71% | 31.30%

Puts: 44.82% | 39.24%

Current vs Prior -28.10% | -37.11%

Prior 7-Day Avg 37.38% | 32.95%

Calls: 41.76% | 43.23%

Puts: 33.01% | 22.67%

Current vs 7-Day Avg -12.93% | -32.68%

Liquidity Expensive

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🤖 AI Insights

Moderately bullish flow with 69% call dollar volume ($47.60M). Elevated premium activity with dollar volume up 58% vs prior. Extreme bearish P/C ratio of 1.57 - heavy put buying. P/C ratio rising 75% - 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

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
12:00	BULLISH	BEARISH	BEARISH
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 457 of results (avg 6.2%, best 1.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$615.00	Oct 16	15.30	15.55	$15.43	1.6%	114	0.44	13.8K
$612.50	Oct 30	23.90	24.50	$24.20	2.5%	4	0.48	17
$490.00	Sep 25	114.20	117.35	$115.78	2.7%	5	1.00	12
$612.50	Oct 23	19.85	20.40	$20.13	2.7%	95	0.48	42
$617.50	Oct 30	21.60	22.20	$21.90	2.7%	14	0.45	10

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$607.50	Oct 30	25.55	26.15	$25.85	2.3%	2	0.49	--
$605.00	Oct 30	24.30	24.95	$24.63	2.6%	11	0.47	13
$602.50	Oct 30	23.10	23.75	$23.43	2.8%	16	0.46	--
$580.00	Oct 30	14.65	15.10	$14.88	3.0%	28	0.33	81
$597.50	Oct 23	17.45	18.00	$17.73	3.1%	83	0.42	43

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 50 found (avg $0.64, cheapest $0.20)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$612.50	Sep 25	0.19	0.21	$0.20	10.0%	514	0.09	808
$610.00	Sep 25	0.51	0.55	$0.53	7.5%	1.2K	0.20	2.2K
$625.00	Sep 28	0.34	0.41	$0.38	18.4%	160	0.07	20
$622.50	Sep 28	0.48	0.58	$0.53	18.9%	267	0.09	1
$620.00	Sep 28	0.70	0.81	$0.76	14.5%	260	0.13	153

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$582.50	Sep 28	0.31	0.37	$0.34	17.6%	17	0.05	81
$587.50	Sep 28	0.52	0.57	$0.54	9.3%	175	0.09	196
$592.50	Sep 28	0.90	0.97	$0.94	7.4%	116	0.14	105
$577.50	Sep 29	0.54	0.63	$0.59	15.3%	5	0.07	13
$580.00	Sep 29	0.65	0.75	$0.70	14.3%	137	0.08	150

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 382 found (avg delta 0.81, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$500.00	Sep 28	104.25	107.45	$105.85	3.0%	2	1.00	--
$522.50	Sep 28	81.80	85.05	$83.43	3.9%	--	1.00	78
$532.50	Sep 28	71.80	75.05	$73.43	4.4%	--	1.00	14
$535.00	Sep 28	69.30	72.65	$70.97	4.7%	--	1.00	15
$540.00	Sep 28	64.30	67.65	$65.97	5.1%	--	1.00	18

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$620.00	Sep 25	12.70	15.80	$14.25	21.8%	3	1.00	4
$705.00	Oct 16	97.45	100.95	$99.20	3.5%	--	0.96	25
$615.00	Sep 25	7.70	10.90	$9.30	34.4%	45	0.95	--
$637.50	Sep 28	30.20	33.40	$31.80	10.1%	5	0.95	--
$637.50	Sep 30	30.65	33.85	$32.25	9.9%	1	0.93	--

Most actively traded options today. High liquidity = easy entry/exit. 888 active (total vol 64.7K, top 2.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$630.00	Oct 16	9.50	10.05	$9.78	5.6%	1.6K	0.33	9.1K
$640.00	Oct 16	6.80	7.30	$7.05	7.1%	1.2K	0.26	2.9K
$607.50	Sep 25	1.18	1.30	$1.24	9.7%	1.2K	0.39	1.1K
$610.00	Sep 25	0.51	0.55	$0.53	7.5%	1.2K	0.20	2.2K
$610.00	Oct 2	8.40	9.05	$8.73	7.4%	1.1K	0.44	1.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$600.00	Sep 25	0.18	0.22	$0.20	20.0%	2.7K	0.09	1.5K
$602.50	Sep 25	0.43	0.55	$0.49	24.5%	1.9K	0.20	112
$605.00	Sep 25	1.03	1.30	$1.17	23.1%	975	0.38	409
$540.00	Oct 16	2.43	2.68	$2.56	9.8%	661	0.10	10.9K
$595.00	Sep 25	0.05	0.10	$0.08	62.5%	633	0.03	746

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 0.6%, max 0.6%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$602.50	Sep 25	Oct 30	33.6%	33.4%	0.6%	188	1.3K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$602.50	Sep 25	Oct 30	33.6%	33.4%	0.6%	1.9K	112

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 588 found (best R:R 84.11, avg 8.10)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$650.00	$690.00	Oct 5	$0.47	$39.53	$0.47	10%	84.11	$650.47
$660.00	$690.00	Oct 1	$0.10	$29.90	$0.10	8%	299.00	$660.10
$552.50	$555.00	Oct 16	$1.33	$1.17	$1.33	86%	0.88	$553.83
$632.50	$665.00	Oct 6	$2.29	$30.21	$2.29	21%	13.19	$634.79
$600.00	$602.50	Oct 2	$0.80	$1.70	$0.80	59%	2.13	$600.80

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$602.50	$600.00	Oct 2	$0.25	$2.25	$0.25	44%	9.00	$602.25
$515.00	$495.00	Oct 5	$0.10	$19.90	$0.10	5%	199.00	$514.90
$560.00	$545.00	Oct 7	$0.60	$14.40	$0.60	12%	24.00	$559.40
$597.50	$595.00	Oct 2	$0.25	$2.25	$0.25	37%	9.00	$597.25
$605.00	$602.50	Oct 8	$0.56	$1.94	$0.56	49%	3.46	$604.44

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 482 found (best R:R 0.54, avg 0.31)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$705.00	$710.00	Sep 28	$0.60	$0.60	$4.40	97%	0.14	$705.60
$652.50	$655.00	Sep 29	$0.59	$0.59	$1.91	94%	0.31	$653.09
$612.50	$615.00	Sep 30	$1.33	$1.33	$1.17	64%	1.14	$613.83
$607.50	$610.00	Oct 8	$1.68	$1.68	$0.82	51%	2.05	$609.18
$632.50	$655.00	Oct 7	$2.90	$2.90	$19.60	77%	0.15	$635.40

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$507.50	$505.00	Sep 29	$0.88	$0.88	$1.62	96%	0.54	$506.62
$522.50	$520.00	Sep 29	$0.77	$0.77	$1.73	95%	0.45	$521.73
$535.00	$530.00	Sep 29	$0.75	$0.75	$4.25	95%	0.18	$534.25
$502.50	$500.00	Sep 25	$0.55	$0.55	$1.95	97%	0.28	$501.95
$595.00	$592.50	Oct 9	$1.43	$1.43	$1.07	62%	1.34	$593.57

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.65, cheapest $2.71)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$605.00	Sep 25	Sep 28	$2.71	32.9%	20.0%
$607.50	Sep 25	Sep 28	$2.71	32.5%	20.7%

PUTS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$605.00	Sep 25	Sep 28	$2.83	32.9%	20.0%
$607.50	Sep 25	Sep 28	$2.49	32.5%	20.7%
$617.50	Oct 2	Oct 7	$2.90	31.1%	31.5%
$612.50	Sep 30	Oct 2	$2.23	29.3%	31.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 263 found (cheapest 0.61% of stock, avg 6.22%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$605.00	Sep 25	$2.52	$1.17	$3.69	$601.31	$608.69	0.61%
$607.50	Sep 25	$1.24	$3.34	$4.58	$602.92	$612.08	0.76%
$602.50	Sep 25	$4.33	$0.49	$4.82	$597.68	$607.32	0.79%
$610.00	Sep 25	$0.53	$4.65	$5.18	$604.82	$615.18	0.85%
$600.00	Sep 25	$6.63	$0.20	$6.83	$593.17	$606.83	1.13%
$597.50	Sep 25	$8.32	$0.11	$8.43	$589.07	$605.93	1.39%
$605.00	Sep 28	$5.23	$4.00	$9.23	$595.77	$614.23	1.52%
$615.00	Sep 25	$0.07	$9.30	$9.37	$605.63	$624.37	1.54%
$602.50	Sep 28	$6.43	$2.99	$9.42	$593.08	$611.92	1.55%
$607.50	Sep 28	$3.95	$5.83	$9.78	$597.72	$617.28	1.61%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 354 found (cheapest 0.07% of stock, avg 3.42%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$612.50	$600.00	Sep 25	$0.20	$0.20	$0.40	$599.60	$612.90
$612.50	$602.50	Sep 25	$0.20	$0.49	$0.69	$601.81	$613.19
$610.00	$600.00	Sep 25	$0.53	$0.20	$0.73	$599.27	$610.73
$610.00	$602.50	Sep 25	$0.53	$0.49	$1.02	$601.48	$611.02
$612.50	$605.00	Sep 25	$0.20	$1.17	$1.37	$603.63	$613.87
$610.00	$605.00	Sep 25	$0.53	$1.17	$1.70	$603.30	$611.70
$607.50	$600.00	Sep 25	$1.24	$0.20	$1.44	$598.56	$608.94
$607.50	$602.50	Sep 25	$1.24	$0.49	$1.73	$600.77	$609.23
$617.50	$595.00	Sep 28	$1.07	$1.28	$2.35	$592.65	$619.85
$607.50	$605.00	Sep 25	$1.24	$1.17	$2.41	$602.59	$609.91

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 625 found (best R:R 0.58, avg credit $1.13)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
500/502	648/650	Sep 25	$0.92	$1.58	93%	0.58	$501.58	$648.42
505/508	622/625	Sep 29	$1.19	$1.31	81%	0.91	$506.31	$623.69
505/508	630/632	Sep 29	$1.00	$1.50	88%	0.67	$506.50	$631.00
505/508	615/618	Sep 29	$1.51	$0.99	68%	1.53	$505.99	$616.51
505/508	628/630	Sep 29	$1.04	$1.46	86%	0.71	$506.46	$628.54
505/508	618/620	Sep 29	$1.38	$1.12	72%	1.23	$506.12	$618.88
500/502	695/700	Sep 25	$1.02	$3.98	93%	0.26	$501.48	$696.02
505/508	625/628	Sep 29	$1.09	$1.41	84%	0.77	$506.41	$626.09
505/508	620/622	Sep 29	$1.23	$1.27	77%	0.97	$506.27	$621.23
505/508	612/615	Sep 29	$1.60	$0.90	62%	1.78	$505.90	$614.10

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 410 found (best R:R 15.67, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$607.50	$610.00	$612.50	Sep 28	$0.06	$2.44	16%	40.67
$625.00	$630.00	$635.00	Oct 9	$0.12	$4.88	9%	40.67
$602.50	$605.00	$607.50	Sep 25	$0.53	$1.97	41%	3.72
$607.50	$610.00	$612.50	Sep 29	$0.07	$2.43	12%	34.71
$605.00	$607.50	$610.00	Sep 29	$0.10	$2.40	13%	24.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$610.00	$615.00	$620.00	Sep 25	$0.30	$4.70	20%	15.67
$625.00	$630.00	$635.00	Oct 16	$0.08	$4.92	7%	61.50
$585.00	$590.00	$595.00	Oct 1	$0.23	$4.77	12%	20.74
$602.50	$605.00	$607.50	Sep 30	$0.06	$2.44	10%	40.67
$600.00	$602.50	$605.00	Sep 25	$0.39	$2.11	29%	5.41

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 551 found (best net $-2.06, 504 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$490.00	$547.50	1:2	Oct 1	-$2.06	$55.44
$530.00	$562.50	1:2	Oct 7	-$16.26	$16.24
$562.50	$585.00	1:2	Oct 6	-$6.38	$16.12
$635.00	$665.00	1:2	Nov 6	-$1.26	$28.74
$595.00	$610.00	1:2	Oct 7	-$2.68	$12.32

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$625.00	$590.00	1:2	Nov 6	-$4.53	$30.47
$620.00	$610.00	1:2	Sep 28	-$0.28	$9.72
$645.00	$625.00	1:2	Oct 9	-$10.61	$9.39
$615.00	$610.00	1:2	Sep 25	$0.00	$5.00
$675.00	$640.00	1:2	Nov 6	-$22.12	$12.88

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 198 found (best yield 4.12%, avg 1.05%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$615.00	Nov 6	$25.00	0.47	1.4%	4.12%	5.52%	1	1
$620.00	Nov 6	$22.85	0.45	2.2%	3.77%	5.99%	12	--
$630.00	Nov 6	$18.80	0.40	3.9%	3.10%	6.97%	1	--
$635.00	Nov 6	$16.85	0.37	4.7%	2.78%	7.47%	--	11
$612.50	Oct 30	$23.90	0.48	1.0%	3.94%	4.93%	4	17
$615.00	Oct 30	$22.70	0.47	1.4%	3.74%	5.14%	90	236
$617.50	Oct 30	$21.60	0.45	1.8%	3.56%	5.37%	14	10
$620.00	Oct 30	$20.50	0.44	2.2%	3.38%	5.60%	57	203
$622.50	Oct 30	$19.45	0.42	2.6%	3.21%	5.84%	8	232
$610.00	Oct 30	$24.35	0.50	0.6%	4.01%	4.59%	2	202

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 40,273

Total Puts 63,057

Put/Call Ratio 1.57

Net Difference -22,784

Prior's Put/Call Breakdown

Total Calls 36,571

Total Puts 32,744

Put/Call Ratio 0.90

Net Difference 3,827

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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📈 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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