SMH - Options Database

SMH

VanEck Semiconductor ETF

$607.33 +1.13%

(9/25 12:00) ◀

Friday, September 25, 2026 (1:00pm)

▶ (9/25 14:00)

◀ 9/25 13:00 ▶

Option Volume

Detail

ℹ

Current (09/25 1:00pm) 126,696

Calls: 52,000 (41%)

Puts: 74,696 (59%)

Prior (09/24) 105,102

Calls: 58,563 (56%)

Puts: 46,539 (44%)

Current vs Prior +20.55%

Calls: -11.21% (Calls)

Puts: +60.50% (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 -50.58%

Calls: -50.25%

Puts: -50.81%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/25 1:00pm) $91.45M

Calls: $61.86M (68%)

Puts: $29.59M (32%)

Prior (09/24) $69.02M

Calls: $49.16M (71%)

Puts: $19.85M (29%)

Current vs Prior +32.51%

Calls: +25.83%

Puts: +49.05%

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 -55.08%

Calls: -46.97%

Puts: -65.97%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25 1:00pm) 1.44

Prior (09/24) 0.79

Current vs Prior +80.76%

Prior 7-Day Average 1.52

Current vs Prior 7-Day Avg -5.74%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/25 1:00pm) 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 0.75% | 1.74%0.75% | 1.74%0.75% | 3.90%6.54% | 12.01%

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

Current vs Prior -50.12% | -26.03%-50.12% | -26.03%-50.12% | -3.87%-2.76% | +0.76%

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 -52.02% | -19.22%-20.71% | -19.22%-61.24% | -4.87%+95.49% | +25.68%

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 -50.12% | -26.03%-54.43% | -24.70%-54.43% | -3.87%-3.99% | +0.72%

Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 28.55% | 12.46%

Calls: 35.23% | 15.38%

Puts: 21.88% | 9.53%

Prior 45.27% | 35.27%

Calls: 45.71% | 31.30%

Puts: 44.82% | 39.24%

Current vs Prior -36.93% | -64.67%

Prior 7-Day Avg 37.38% | 32.95%

Calls: 41.76% | 43.23%

Puts: 33.01% | 22.67%

Current vs 7-Day Avg -23.63% | -62.18%

Liquidity Expensive

Add Card

🤖 AI Insights

Moderately bullish flow with 68% call dollar volume ($61.86M). Bearish P/C ratio of 1.44 indicates protective positioning. P/C ratio rising 81% - increased hedging/bearish positioning. Put-heavy open interest (1,140,617 puts vs 649,638 calls) suggests hedging or 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 BULLISH

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
13:00	BULLISH	BEARISH	BEARISH
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 542 of results (avg 6.0%, best 1.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$640.00	Oct 30	13.65	13.90	$13.78	1.8%	82	0.34	84
$615.00	Oct 30	23.45	24.00	$23.73	2.3%	91	0.48	236
$490.00	Oct 16	117.95	120.90	$119.43	2.5%	--	0.97	49
$487.50	Sep 25	118.60	121.60	$120.10	2.5%	7	1.00	1
$500.00	Sep 25	105.85	108.55	$107.20	2.5%	19	1.00	48

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$605.00	Oct 23	20.40	20.80	$20.60	1.9%	13	0.47	7
$600.00	Oct 23	18.15	18.55	$18.35	2.2%	64	0.43	81
$602.50	Oct 23	19.20	19.65	$19.42	2.3%	10	0.45	17
$597.50	Oct 23	17.15	17.60	$17.38	2.6%	95	0.41	43
$602.50	Oct 30	22.60	23.20	$22.90	2.6%	16	0.45	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 65 found (avg $0.61, cheapest $0.26)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$630.00	Sep 28	0.24	0.28	$0.26	15.4%	60	0.05	148
$627.50	Sep 28	0.33	0.37	$0.35	11.4%	27	0.06	56
$625.00	Sep 28	0.44	0.50	$0.47	12.8%	253	0.08	20
$622.50	Sep 28	0.60	0.71	$0.66	16.7%	270	0.11	1
$620.00	Sep 28	0.85	0.97	$0.91	13.2%	269	0.15	153

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$582.50	Sep 28	0.30	0.36	$0.33	18.2%	22	0.05	81
$587.50	Sep 28	0.48	0.56	$0.52	15.4%	239	0.08	196
$590.00	Sep 28	0.63	0.71	$0.67	11.9%	287	0.10	65
$580.00	Sep 28	0.26	0.30	$0.28	14.3%	36	0.04	60
$592.50	Sep 28	0.82	0.94	$0.88	13.6%	295	0.13	105

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 397 found (avg delta 0.81, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$487.50	Sep 25	118.60	121.60	$120.10	2.5%	7	1.00	1
$490.00	Sep 25	115.80	119.20	$117.50	2.9%	26	1.00	12
$492.50	Sep 25	112.90	116.70	$114.80	3.3%	21	1.00	3
$495.00	Sep 25	111.10	114.20	$112.65	2.8%	55	1.00	16
$497.50	Sep 25	108.60	111.70	$110.15	2.8%	54	1.00	6

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$622.50	Sep 25	13.40	16.80	$15.10	22.5%	2	0.99	--
$620.00	Sep 25	10.90	14.20	$12.55	26.3%	5	0.98	4
$637.50	Sep 28	28.50	31.50	$30.00	10.0%	5	0.98	--
$615.00	Sep 25	5.95	9.05	$7.50	41.3%	59	0.96	--
$705.00	Oct 23	96.45	99.45	$97.95	3.1%	3	0.94	--

Most actively traded options today. High liquidity = easy entry/exit. 938 active (total vol 81.3K, top 3.2K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$640.00	Oct 16	7.25	7.65	$7.45	5.4%	1.7K	0.27	2.9K
$610.00	Sep 25	0.46	0.59	$0.53	24.5%	1.6K	0.24	2.2K
$630.00	Oct 16	10.10	10.50	$10.30	3.9%	1.6K	0.34	9.1K
$607.50	Sep 25	1.21	1.53	$1.37	23.4%	1.5K	0.48	1.1K
$610.00	Oct 2	9.30	9.75	$9.53	4.7%	1.3K	0.46	1.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$600.00	Sep 25	0.07	0.13	$0.10	60.0%	3.2K	0.05	1.5K
$602.50	Sep 25	0.20	0.27	$0.24	29.2%	2.2K	0.12	112
$605.00	Sep 25	0.55	0.72	$0.64	26.6%	1.1K	0.27	409
$602.50	Oct 2	8.05	9.00	$8.53	11.1%	901	0.43	105
$535.00	Oct 9	0.97	1.05	$1.01	7.9%	895	0.05	2.1K

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. 605 found (best R:R 96.56, avg 8.09)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$650.00	$690.00	Oct 5	$0.41	$39.59	$0.41	10%	96.56	$650.41
$660.00	$690.00	Oct 1	$0.10	$29.90	$0.10	8%	299.00	$660.10
$632.50	$665.00	Oct 6	$2.22	$30.28	$2.22	22%	13.64	$634.72
$610.00	$612.50	Oct 8	$0.35	$2.15	$0.35	48%	6.14	$610.35
$640.00	$650.00	Oct 5	$0.45	$9.55	$0.45	14%	21.22	$640.45

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$610.00	$607.50	Oct 2	$0.43	$2.07	$0.43	54%	4.81	$609.57
$542.50	$515.00	Oct 5	$0.12	$27.38	$0.12	5%	228.17	$542.38
$560.00	$545.00	Oct 7	$0.49	$14.51	$0.49	11%	29.61	$559.51
$607.50	$605.00	Sep 30	$0.47	$2.03	$0.47	50%	4.32	$607.03
$597.50	$595.00	Oct 8	$0.28	$2.22	$0.28	38%	7.93	$597.22

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 499 found (best R:R 0.23, avg 0.33)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$705.00	$710.00	Sep 28	$0.94	$0.94	$4.06	95%	0.23	$705.94
$607.50	$610.00	Sep 29	$2.00	$2.00	$0.50	48%	4.00	$609.50
$715.00	$720.00	Sep 28	$0.75	$0.75	$4.25	96%	0.18	$715.75
$652.50	$655.00	Sep 29	$0.70	$0.70	$1.80	93%	0.39	$653.20
$612.50	$615.00	Oct 2	$1.61	$1.61	$0.89	57%	1.81	$614.11

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$522.50	$520.00	Sep 29	$0.85	$0.85	$1.65	95%	0.52	$521.65
$507.50	$505.00	Sep 29	$0.78	$0.78	$1.72	96%	0.45	$506.72
$502.50	$500.00	Sep 25	$0.57	$0.57	$1.93	97%	0.30	$501.93
$532.50	$525.00	Oct 1	$0.73	$0.73	$6.77	95%	0.11	$531.77
$580.00	$575.00	Nov 6	$2.03	$2.03	$2.97	67%	0.68	$577.97

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $3.46, cheapest $3.12)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$607.50	Sep 25	Sep 28	$3.31	31.8%	21.4%

PUTS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$607.50	Sep 25	Sep 28	$3.12	31.8%	21.4%
$617.50	Oct 2	Oct 7	$2.12	32.2%	30.5%
$635.00	Oct 16	Oct 30	$5.80	32.7%	34.5%
$612.50	Sep 28	Sep 30	$2.93	20.9%	27.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 274 found (cheapest 0.49% of stock, avg 6.35%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$607.50	Sep 25	$1.37	$1.60	$2.97	$604.53	$610.47	0.49%
$605.00	Sep 25	$2.98	$0.64	$3.62	$601.38	$608.62	0.60%
$610.00	Sep 25	$0.53	$3.22	$3.75	$606.25	$613.75	0.62%
$602.50	Sep 25	$4.93	$0.24	$5.17	$597.33	$607.67	0.85%
$600.00	Sep 25	$7.38	$0.10	$7.48	$592.52	$607.48	1.23%
$615.00	Sep 25	$0.08	$7.50	$7.58	$607.42	$622.58	1.25%
$607.50	Sep 28	$4.68	$4.72	$9.40	$598.10	$616.90	1.55%
$610.00	Sep 28	$3.45	$5.95	$9.40	$600.60	$619.40	1.55%
$605.00	Sep 28	$5.85	$3.75	$9.60	$595.40	$614.60	1.58%
$612.50	Sep 28	$2.54	$7.30	$9.84	$602.66	$622.34	1.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 357 found (cheapest 0.05% of stock, avg 3.46%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$612.50	$600.00	Sep 25	$0.21	$0.10	$0.31	$599.69	$612.81
$612.50	$602.50	Sep 25	$0.21	$0.24	$0.45	$602.05	$612.95
$647.50	$600.00	Sep 25	$0.53	$0.10	$0.63	$599.37	$648.13
$610.00	$600.00	Sep 25	$0.53	$0.10	$0.63	$599.37	$610.63
$647.50	$602.50	Sep 25	$0.53	$0.24	$0.77	$601.73	$648.27
$610.00	$602.50	Sep 25	$0.53	$0.24	$0.77	$601.73	$610.77
$612.50	$605.00	Sep 25	$0.21	$0.64	$0.85	$604.15	$613.35
$610.00	$605.00	Sep 25	$0.53	$0.64	$1.17	$603.83	$611.17
$647.50	$605.00	Sep 25	$0.53	$0.64	$1.17	$603.83	$648.67
$607.50	$605.00	Sep 25	$1.37	$0.64	$2.01	$602.99	$609.51

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 578 found (best R:R 0.84, avg credit $1.21)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
500/502	660/662	Sep 25	$1.14	$1.36	92%	0.84	$501.36	$661.14
500/502	648/650	Sep 25	$1.08	$1.42	92%	0.76	$501.42	$648.58
522/525	705/710	Sep 28	$1.10	$3.90	94%	0.28	$523.90	$706.10
538/540	705/710	Sep 28	$1.06	$3.94	94%	0.27	$538.94	$706.06
490/492	660/662	Sep 25	$0.84	$1.66	94%	0.51	$491.66	$660.84
565/568	705/710	Sep 28	$1.04	$3.96	92%	0.26	$566.46	$706.04
520/522	620/622	Sep 29	$1.32	$1.18	73%	1.12	$521.18	$621.32
520/522	630/632	Sep 29	$0.99	$1.51	86%	0.66	$521.51	$630.99
520/522	625/628	Sep 29	$1.12	$1.38	81%	0.81	$521.38	$626.12
520/522	628/630	Sep 29	$1.04	$1.46	84%	0.71	$521.46	$628.54

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 396 found (best R:R 6.35, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$602.50	$605.00	$607.50	Sep 25	$0.34	$2.16	41%	6.35
$640.00	$645.00	$650.00	Oct 23	$0.05	$4.95	6%	99.00
$610.00	$612.50	$615.00	Sep 25	$0.19	$2.31	19%	12.16
$660.00	$665.00	$670.00	Sep 29	$0.05	$4.95	4%	99.00
$607.50	$610.00	$612.50	Sep 25	$0.52	$1.98	37%	3.81

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$605.00	$607.50	$610.00	Sep 25	$0.66	$1.84	49%	2.79
$607.50	$610.00	$612.50	Sep 28	$0.12	$2.38	16%	19.83
$585.00	$590.00	$595.00	Oct 1	$0.21	$4.79	11%	22.81
$590.00	$595.00	$600.00	Oct 16	$0.13	$4.87	8%	37.46
$602.50	$605.00	$607.50	Sep 25	$0.56	$1.94	41%	3.46

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 550 found (best net $-3.25, 501 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$490.00	$547.50	1:2	Oct 1	-$3.25	$54.25
$530.00	$562.50	1:2	Oct 7	-$17.03	$15.47
$562.50	$585.00	1:2	Oct 6	-$8.93	$13.57
$635.00	$665.00	1:2	Nov 6	-$0.86	$29.14
$595.00	$610.00	1:2	Oct 7	-$3.63	$11.37

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$625.00	$590.00	1:2	Nov 6	-$4.28	$30.72
$645.00	$625.00	1:2	Oct 9	-$9.11	$10.89
$675.00	$640.00	1:2	Nov 6	-$20.35	$14.65
$620.00	$612.50	1:2	Sep 28	-$1.27	$6.23
$620.00	$615.00	1:2	Sep 25	-$2.45	$2.55

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 208 found (best yield 4.59%, avg 1.12%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$612.50	Nov 6	$27.90	0.50	0.8%	4.59%	5.45%	1	1
$615.00	Nov 6	$26.00	0.49	1.3%	4.28%	5.54%	4	1
$620.00	Nov 6	$23.50	0.46	2.1%	3.87%	5.96%	22	--
$625.00	Nov 6	$21.30	0.44	2.9%	3.51%	6.42%	4	--
$630.00	Nov 6	$19.20	0.41	3.7%	3.16%	6.89%	1	--
$635.00	Nov 6	$17.25	0.38	4.6%	2.84%	7.40%	--	11
$615.00	Oct 30	$23.45	0.48	1.3%	3.86%	5.12%	91	236
$607.50	Oct 30	$26.90	0.52	0.0%	4.43%	4.46%	2	4
$617.50	Oct 30	$22.20	0.46	1.7%	3.66%	5.33%	16	10
$620.00	Oct 30	$21.15	0.45	2.1%	3.48%	5.57%	66	203

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 52,000

Total Puts 74,696

Put/Call Ratio 1.44

Net Difference -22,696

Prior's Put/Call Breakdown

Total Calls 58,563

Total Puts 46,539

Put/Call Ratio 0.79

Net Difference 12,024

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
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