SMH - Options Database

SMH

VanEck Semiconductor ETF

$607.52 +1.17%

(9/25 13:00) ◀

Friday, September 25, 2026 (2:00pm)

▶ (9/25 15:00)

◀ 9/25 14:00 ▶

Option Volume

Detail

ℹ

Current (09/25 2:00pm) 207,862

Calls: 57,672 (28%)

Puts: 150,190 (72%)

Prior (09/24) 127,253

Calls: 70,130 (55%)

Puts: 57,123 (45%)

Current vs Prior +63.35%

Calls: -17.76% (Calls)

Puts: +162.92% (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 -18.92%

Calls: -44.82%

Puts: -1.09%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/25 2:00pm) $99.30M

Calls: $67.49M (68%)

Puts: $31.81M (32%)

Prior (09/24) $76.95M

Calls: $51.53M (67%)

Puts: $25.42M (33%)

Current vs Prior +29.05%

Calls: +30.98%

Puts: +25.15%

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 -51.22%

Calls: -42.14%

Puts: -63.41%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25 2:00pm) 2.60

Prior (09/24) 0.81

Current vs Prior +219.72%

Prior 7-Day Average 1.52

Current vs Prior 7-Day Avg +70.88%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/25 2:00pm) 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 0.68% | 1.70%0.68% | 1.70%0.68% | 3.65%6.38% | 11.95%

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

Current vs Prior -55.15% | -27.60%-55.15% | -27.60%-55.15% | -10.07%-5.14% | +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 -56.86% | -20.93%-28.70% | -20.93%-65.15% | -11.00%+90.69% | +25.04%

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 -55.15% | -27.60%-59.03% | -26.29%-59.03% | -10.07%-6.35% | +0.21%

Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 23.52% | 15.30%

Calls: 20.69% | 6.67%

Puts: 26.35% | 23.93%

Prior 45.27% | 35.27%

Calls: 45.71% | 31.30%

Puts: 44.82% | 39.24%

Current vs Prior -48.05% | -56.62%

Prior 7-Day Avg 37.38% | 32.95%

Calls: 41.76% | 43.23%

Puts: 33.01% | 22.67%

Current vs 7-Day Avg -37.09% | -53.56%

Liquidity Expensive

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Moderately bullish flow with 68% call dollar volume ($67.49M). Above-average activity with volume up 63% vs prior. Extreme bearish P/C ratio of 2.60 - 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 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
14:00	BULLISH	BEARISH	BEARISH
13:00	BULLISH	BEARISH	BEARISH
12:00	BULLISH	BEARISH	BEARISH
11:00	BULLISH	NEUTRAL	MIXED
10:00	BULLISH	NEUTRAL	MIXED

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 607 of results (avg 5.4%, best 1.0%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$625.00	Oct 30	18.90	19.20	$19.05	1.6%	30	0.42	272
$645.00	Oct 23	8.60	8.75	$8.68	1.7%	70	0.27	80
$610.00	Oct 30	25.70	26.15	$25.92	1.7%	8	0.51	202
$600.00	Oct 30	31.05	31.60	$31.33	1.8%	2	0.57	369
$500.00	Sep 25	106.15	108.15	$107.15	1.9%	19	1.00	48

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$607.50	Oct 30	24.75	25.00	$24.88	1.0%	9	0.48	--
$607.50	Oct 23	21.15	21.40	$21.28	1.2%	17	0.48	--
$597.50	Oct 23	16.75	17.00	$16.88	1.5%	95	0.41	43
$547.50	Oct 30	6.65	6.75	$6.70	1.5%	35	0.17	14
$602.50	Oct 30	22.50	22.85	$22.68	1.5%	16	0.45	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 69 found (avg $0.62, cheapest $0.30)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$627.50	Sep 28	0.27	0.32	$0.30	16.7%	183	0.06	56
$625.00	Sep 28	0.38	0.45	$0.42	16.7%	819	0.08	20
$622.50	Sep 28	0.54	0.62	$0.58	13.8%	274	0.10	1
$620.00	Sep 28	0.81	0.89	$0.85	9.4%	272	0.14	153
$635.00	Sep 29	0.36	0.42	$0.39	15.4%	16	0.06	20

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$587.50	Sep 28	0.42	0.45	$0.44	6.8%	264	0.07	196
$590.00	Sep 28	0.54	0.60	$0.57	10.5%	301	0.09	65
$582.50	Sep 28	0.27	0.31	$0.29	13.8%	51	0.05	81
$585.00	Sep 28	0.34	0.40	$0.37	16.2%	153	0.06	50
$592.50	Sep 28	0.72	0.75	$0.74	4.1%	313	0.12	105

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 404 found (avg delta 0.81, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$487.50	Sep 25	118.55	121.55	$120.05	2.5%	7	1.00	1
$490.00	Sep 25	116.15	119.05	$117.60	2.5%	26	1.00	12
$492.50	Sep 25	113.65	116.55	$115.10	2.5%	21	1.00	3
$495.00	Sep 25	111.15	114.05	$112.60	2.6%	55	1.00	16
$497.50	Sep 25	108.65	111.55	$110.10	2.6%	54	1.00	6

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$622.50	Sep 25	13.45	16.65	$15.05	21.3%	2	0.99	--
$620.00	Sep 25	10.95	14.00	$12.48	24.4%	5	0.98	4
$637.50	Sep 28	28.50	31.85	$30.18	11.1%	5	0.98	--
$615.00	Sep 25	6.70	8.90	$7.80	28.2%	59	0.97	--
$705.00	Oct 16	96.20	99.45	$97.83	3.3%	--	0.96	25

Most actively traded options today. High liquidity = easy entry/exit. 994 active (total vol 102.3K, top 15.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$640.00	Oct 16	7.10	7.40	$7.25	4.1%	2.0K	0.26	2.9K
$610.00	Sep 25	0.30	0.39	$0.35	25.7%	1.7K	0.20	2.2K
$630.00	Oct 16	9.90	10.30	$10.10	4.0%	1.6K	0.33	9.1K
$607.50	Sep 25	1.04	1.28	$1.16	20.7%	1.6K	0.50	1.1K
$610.00	Oct 2	9.10	9.55	$9.32	4.8%	1.3K	0.47	1.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$512.50	Sep 28	0.01	0.05	$0.03	133.3%	15.0K	0.00	22
$600.00	Sep 25	0.03	0.05	$0.04	50.0%	3.2K	0.03	1.5K
$602.50	Sep 25	0.09	0.14	$0.12	41.7%	2.2K	0.07	112
$605.00	Sep 25	0.31	0.43	$0.37	32.4%	1.2K	0.21	409
$602.50	Oct 2	7.50	8.15	$7.83	8.3%	941	0.42	105

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. 613 found (best R:R 299.00, avg 7.95)

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	$1.48	$26.02	$1.48	18%	17.58	$638.98
$610.00	$612.50	Oct 8	$0.23	$2.27	$0.23	48%	9.87	$610.23
$640.00	$650.00	Oct 5	$0.45	$9.55	$0.45	14%	21.22	$640.45
$590.00	$595.00	Oct 5	$3.03	$1.97	$3.03	73%	0.65	$593.03

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$542.50	$515.00	Oct 5	$0.12	$27.38	$0.12	4%	228.17	$542.38
$597.50	$595.00	Oct 8	$0.38	$2.12	$0.38	38%	5.58	$597.12
$600.00	$595.00	Oct 6	$1.27	$3.73	$1.27	39%	2.94	$598.73
$592.50	$590.00	Oct 30	$0.45	$2.05	$0.45	38%	4.56	$592.05
$575.00	$560.00	Oct 7	$1.28	$13.72	$1.28	18%	10.72	$573.72

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 508 found (best R:R 0.23, avg 0.30)

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	96%	0.23	$705.94
$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
$665.00	$675.00	Oct 6	$1.04	$1.04	$8.96	91%	0.12	$666.04
$612.50	$622.50	Oct 7	$4.35	$4.35	$5.65	54%	0.77	$616.85

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
$595.00	$592.50	Oct 30	$1.55	$1.55	$0.95	60%	1.63	$593.45
$530.00	$525.00	Oct 1	$0.70	$0.70	$4.30	95%	0.16	$529.30
$502.50	$500.00	Sep 25	$0.57	$0.57	$1.93	97%	0.30	$501.93

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $2.98, cheapest $3.34)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$607.50	Sep 25	Sep 28	$3.34	30.4%	20.8%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$607.50	Sep 25	Sep 28	$3.38	30.4%	20.8%
$617.50	Oct 2	Oct 7	$2.35	30.9%	30.9%
$612.50	Sep 28	Sep 30	$2.87	20.5%	26.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 282 found (cheapest 0.39% of stock, avg 6.32%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$607.50	Sep 25	$1.16	$1.19	$2.35	$605.15	$609.85	0.39%
$605.00	Sep 25	$2.83	$0.37	$3.20	$601.80	$608.20	0.53%
$610.00	Sep 25	$0.35	$2.96	$3.31	$606.69	$613.31	0.54%
$602.50	Sep 25	$5.48	$0.12	$5.60	$596.90	$608.10	0.92%
$600.00	Sep 25	$7.45	$0.04	$7.49	$592.51	$607.49	1.23%
$615.00	Sep 25	$0.06	$7.80	$7.86	$607.14	$622.86	1.29%
$607.50	Sep 28	$4.50	$4.57	$9.07	$598.43	$616.57	1.49%
$610.00	Sep 28	$3.33	$5.85	$9.18	$600.82	$619.18	1.51%
$605.00	Sep 28	$6.15	$3.40	$9.55	$595.45	$614.55	1.57%
$612.50	Sep 28	$2.43	$7.38	$9.81	$602.69	$622.31	1.61%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 353 found (cheapest 0.04% of stock, avg 3.51%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$612.50	$602.50	Sep 25	$0.12	$0.12	$0.24	$602.26	$612.74
$610.00	$602.50	Sep 25	$0.35	$0.12	$0.47	$602.03	$610.47
$612.50	$605.00	Sep 25	$0.12	$0.37	$0.49	$604.51	$612.99
$647.50	$602.50	Sep 25	$0.53	$0.12	$0.65	$601.85	$648.15
$610.00	$605.00	Sep 25	$0.35	$0.37	$0.72	$604.28	$610.72
$647.50	$605.00	Sep 25	$0.53	$0.37	$0.90	$604.10	$648.40
$607.50	$605.00	Sep 25	$1.16	$0.37	$1.53	$603.47	$609.03
$607.50	$602.50	Sep 25	$1.16	$0.12	$1.28	$601.22	$608.78
$617.50	$595.00	Sep 28	$1.21	$0.99	$2.20	$592.80	$619.70
$617.50	$597.50	Sep 28	$1.21	$1.35	$2.56	$594.94	$620.06

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 725 found (best R:R 1.63, avg credit $1.15)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
520/522	652/655	Sep 29	$1.55	$0.95	88%	1.63	$520.95	$654.05
505/508	652/655	Sep 29	$1.48	$1.02	90%	1.45	$506.02	$653.98
500/502	648/650	Sep 25	$1.05	$1.45	92%	0.72	$501.45	$648.55
505/508	705/710	Sep 28	$1.23	$3.77	92%	0.33	$506.27	$706.23
512/515	705/710	Sep 28	$1.07	$3.93	94%	0.27	$513.93	$706.07
515/518	705/710	Sep 28	$1.07	$3.93	94%	0.27	$516.43	$706.07
500/502	660/662	Sep 25	$0.85	$1.65	94%	0.52	$501.65	$660.85
505/508	715/720	Sep 28	$1.04	$3.96	93%	0.26	$506.46	$716.04
520/522	615/618	Sep 29	$1.57	$0.93	64%	1.69	$520.93	$616.57
520/522	622/625	Sep 29	$1.20	$1.30	78%	0.92	$521.30	$623.70

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 414 found (best R:R 1.91, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$605.00	$607.50	$610.00	Sep 25	$0.86	$1.64	59%	1.91
$602.50	$605.00	$607.50	Sep 29	$0.07	$2.43	13%	34.71
$607.50	$610.00	$612.50	Sep 25	$0.58	$1.92	42%	3.31
$630.00	$635.00	$640.00	Oct 23	$0.10	$4.90	6%	49.00
$610.00	$612.50	$615.00	Sep 25	$0.17	$2.33	17%	13.71

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$605.00	$607.50	$610.00	Sep 28	$0.11	$2.39	17%	21.73
$602.50	$605.00	$607.50	Sep 25	$0.57	$1.93	43%	3.39
$575.00	$580.00	$585.00	Oct 7	$0.11	$4.89	8%	44.45
$590.00	$607.50	$625.00	Nov 6	$1.68	$15.82	18%	9.42
$600.00	$602.50	$605.00	Sep 25	$0.17	$2.33	18%	13.71

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 571 found (best net $-3.58, 527 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$490.00	$547.50	1:2	Oct 1	-$3.58	$53.92
$545.00	$580.00	1:2	Oct 8	-$2.37	$32.63
$530.00	$562.50	1:2	Oct 7	-$16.95	$15.55
$562.50	$585.00	1:2	Oct 6	-$8.03	$14.47
$580.00	$600.00	1:2	Oct 8	-$4.56	$15.44

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$675.00	$640.00	1:2	Nov 6	-$20.08	$14.92
$620.00	$612.50	1:2	Sep 28	-$1.26	$6.24
$620.00	$615.00	1:2	Sep 25	-$3.12	$1.88
$575.00	$560.00	1:2	Oct 7	-$1.02	$13.98
$630.00	$620.00	1:2	Sep 30	-$7.70	$2.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 201 found (best yield 4.57%, avg 1.05%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$612.50	Nov 6	$27.75	0.50	0.8%	4.57%	5.39%	2	1
$615.00	Nov 6	$26.00	0.49	1.2%	4.28%	5.51%	4	1
$620.00	Nov 6	$23.75	0.46	2.0%	3.91%	5.96%	26	--
$625.00	Nov 6	$21.80	0.43	2.9%	3.59%	6.47%	4	--
$630.00	Nov 6	$19.20	0.41	3.7%	3.16%	6.86%	1	--
$635.00	Nov 6	$17.45	0.38	4.5%	2.87%	7.40%	--	11
$610.00	Oct 30	$25.70	0.51	0.4%	4.23%	4.64%	8	202
$615.00	Oct 30	$23.25	0.48	1.2%	3.83%	5.06%	97	236
$612.50	Oct 30	$24.35	0.49	0.8%	4.01%	4.83%	6	17
$617.50	Oct 30	$21.95	0.46	1.6%	3.61%	5.26%	16	10

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 57,672

Total Puts 150,190

Put/Call Ratio 2.60

Net Difference -92,518

Prior's Put/Call Breakdown

Total Calls 70,130

Total Puts 57,123

Put/Call Ratio 0.81

Net Difference 13,007

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

🤖 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

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