SMH - Options Database

SMH

VanEck Semiconductor ETF

$606.17 +0.94%

(9/25 14:00) ◀

Friday, September 25, 2026 (3:00pm)

▶ (9/25 15:17)

◀ 9/25 15:00 ▶

Option Volume

Detail

ℹ

Current (09/25 3:00pm) 279,244

Calls: 62,572 (22%)

Puts: 216,672 (78%)

Prior (09/24) 141,554

Calls: 77,611 (55%)

Puts: 63,943 (45%)

Current vs Prior +97.27%

Calls: -19.38% (Calls)

Puts: +238.85% (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 +8.92%

Calls: -40.13%

Puts: +42.69%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/25 3:00pm) $107.44M

Calls: $72.42M (67%)

Puts: $35.02M (33%)

Prior (09/24) $87.46M

Calls: $62.22M (71%)

Puts: $25.24M (29%)

Current vs Prior +22.85%

Calls: +16.40%

Puts: +38.74%

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 -47.23%

Calls: -37.91%

Puts: -59.73%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25 3:00pm) 3.46

Prior (09/24) 0.82

Current vs Prior +320.29%

Prior 7-Day Average 1.52

Current vs Prior 7-Day Avg +127.22%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/25 3:00pm) 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 0.62% | 1.65%0.62% | 1.65%0.62% | 3.56%6.34% | 11.73%

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

Current vs Prior -58.87% | -30.03%-58.87% | -30.03%-58.87% | -12.43%-5.72% | -1.58%

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 -60.44% | -23.59%-34.62% | -23.58%-68.04% | -13.34%+89.54% | +22.75%

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 -58.87% | -30.03%-62.43% | -28.77%-62.43% | -12.43%-6.92% | -1.62%

Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 53.79% | 16.55%

Calls: 63.07% | 16.25%

Puts: 44.51% | 16.84%

Prior 45.27% | 35.27%

Calls: 45.71% | 31.30%

Puts: 44.82% | 39.24%

Current vs Prior +18.82% | -53.08%

Prior 7-Day Avg 37.38% | 32.95%

Calls: 41.76% | 43.23%

Puts: 33.01% | 22.67%

Current vs 7-Day Avg +43.88% | -49.77%

Liquidity Expensive

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🤖 AI Insights

Moderately bullish flow with 67% call dollar volume ($72.42M). Above-average activity with volume up 97% vs prior. Extreme bearish P/C ratio of 3.46 - heavy put buying. P/C ratio rising 320% - 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
15:00	BULLISH	BEARISH	BEARISH
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

📈 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 576 of results (avg 5.8%, best 1.0%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$612.50	Oct 23	19.45	19.65	$19.55	1.0%	103	0.48	42
$612.50	Oct 30	23.40	23.75	$23.58	1.5%	6	0.48	17
$630.00	Oct 23	12.25	12.45	$12.35	1.6%	46	0.35	264
$645.00	Oct 23	7.95	8.10	$8.03	1.9%	70	0.26	80
$635.00	Oct 30	14.15	14.45	$14.30	2.1%	50	0.35	232

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$575.00	Oct 30	12.45	12.70	$12.58	2.0%	93	0.29	25
$602.50	Oct 30	22.50	23.00	$22.75	2.2%	16	0.46	--
$595.00	Oct 30	19.30	19.75	$19.52	2.3%	24	0.41	29
$607.50	Oct 30	24.80	25.40	$25.10	2.4%	9	0.49	--
$565.00	Oct 30	9.85	10.10	$9.98	2.5%	39	0.24	87

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 74 found (avg $0.59, cheapest $0.43)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$625.00	Sep 28	0.30	0.35	$0.32	15.6%	900	0.06	20
$622.50	Sep 28	0.42	0.48	$0.45	13.3%	274	0.09	1
$620.00	Sep 28	0.59	0.67	$0.63	12.7%	279	0.12	153
$617.50	Sep 28	0.85	0.96	$0.91	12.1%	486	0.16	31
$632.50	Sep 29	0.37	0.43	$0.40	15.0%	136	0.06	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$605.00	Sep 25	0.40	0.46	$0.43	14.0%	1.2K	0.28	409
$585.00	Sep 28	0.33	0.36	$0.35	8.6%	304	0.06	50
$587.50	Sep 28	0.41	0.47	$0.44	13.6%	731	0.07	196
$590.00	Sep 28	0.54	0.62	$0.58	13.8%	880	0.10	65
$575.00	Sep 28	0.15	0.18	$0.16	18.8%	159	0.03	77

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 409 found (avg delta 0.81, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$500.00	Sep 25	104.65	107.45	$106.05	2.6%	19	1.00	48
$510.00	Sep 25	95.15	98.35	$96.75	3.3%	6	1.00	6
$512.50	Sep 25	92.70	95.85	$94.28	3.3%	1	1.00	2
$515.00	Sep 25	89.85	93.35	$91.60	3.8%	--	1.00	10
$545.00	Sep 25	60.05	63.40	$61.72	5.4%	1	1.00	148

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$610.00	Sep 25	2.97	4.70	$3.84	45.1%	87	1.00	43
$615.00	Sep 25	6.95	10.05	$8.50	36.5%	59	1.00	--
$620.00	Sep 25	11.65	14.85	$13.25	24.2%	5	1.00	4
$622.50	Sep 25	14.15	17.80	$15.98	22.8%	2	1.00	--
$637.50	Sep 28	29.25	32.70	$30.98	11.1%	5	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 1,029 active (total vol 109.0K, top 15.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$640.00	Oct 16	6.45	6.80	$6.63	5.3%	2.0K	0.25	2.9K
$610.00	Sep 25	0.06	0.10	$0.08	50.0%	1.8K	0.07	2.2K
$630.00	Oct 16	9.20	9.55	$9.38	3.7%	1.6K	0.32	9.1K
$607.50	Sep 25	0.35	0.46	$0.41	26.8%	1.6K	0.31	1.1K
$610.00	Oct 2	8.25	8.75	$8.50	5.9%	1.3K	0.46	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%	15.1K	0.00	22
$600.00	Sep 25	0.01	0.05	$0.03	133.3%	3.4K	0.02	1.5K
$602.50	Sep 25	0.06	0.10	$0.08	50.0%	2.2K	0.07	112
$605.00	Sep 25	0.40	0.46	$0.43	14.0%	1.2K	0.28	409
$602.50	Oct 2	7.80	8.45	$8.13	8.0%	1.0K	0.43	105

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 4.2%, max 4.2%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$605.00	Sep 25	Nov 6	35.4%	34.0%	4.2%	725	1.2K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$605.00	Sep 25	Nov 6	35.4%	34.0%	4.2%	1.2K	410

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 624 found (best R:R 299.00, avg 8.14)

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	$1.26	$26.24	$1.26	18%	20.83	$638.76
$612.50	$615.00	Oct 5	$0.25	$2.25	$0.25	43%	9.00	$612.75
$610.00	$612.50	Oct 8	$0.52	$1.98	$0.52	48%	3.81	$610.52
$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
$580.00	$575.00	Oct 8	$0.33	$4.67	$0.33	22%	14.15	$579.67
$590.00	$585.00	Oct 7	$0.75	$4.25	$0.75	30%	5.67	$589.25
$600.00	$595.00	Oct 6	$1.27	$3.73	$1.27	40%	2.94	$598.73
$595.00	$592.50	Oct 8	$0.32	$2.18	$0.32	35%	6.81	$594.68
$617.50	$615.00	Oct 16	$0.93	$1.57	$0.93	58%	1.69	$616.57

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 515 found (best R:R 0.89, avg 0.31)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$612.50	$622.50	Oct 7	$4.70	$4.70	$5.30	55%	0.89	$617.20
$715.00	$720.00	Sep 28	$0.87	$0.87	$4.13	96%	0.21	$715.87
$665.00	$675.00	Oct 6	$1.06	$1.06	$8.94	91%	0.12	$666.06
$647.50	$650.00	Sep 25	$0.57	$0.57	$1.93	94%	0.30	$648.07
$617.50	$620.00	Oct 5	$1.38	$1.38	$1.12	63%	1.23	$618.88

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$522.50	$520.00	Sep 29	$0.92	$0.92	$1.58	95%	0.58	$521.58
$507.50	$505.00	Sep 29	$0.78	$0.78	$1.72	96%	0.45	$506.72
$587.50	$585.00	Oct 30	$1.58	$1.58	$0.92	64%	1.72	$585.92
$502.50	$500.00	Sep 25	$0.61	$0.61	$1.89	97%	0.32	$501.89
$530.00	$525.00	Oct 1	$0.70	$0.70	$4.30	95%	0.16	$529.30

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $2.92, cheapest $3.34)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$607.50	Sep 25	Sep 28	$3.34	27.9%	19.4%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$617.50	Oct 2	Oct 7	$2.50	29.7%	31.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 286 found (cheapest 0.37% of stock, avg 6.23%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$607.50	Sep 25	$0.41	$1.82	$2.23	$605.27	$609.73	0.37%
$605.00	Sep 25	$1.95	$0.43	$2.38	$602.62	$607.38	0.39%
$610.00	Sep 25	$0.08	$3.84	$3.92	$606.08	$613.92	0.65%
$602.50	Sep 25	$4.11	$0.08	$4.19	$598.31	$606.69	0.69%
$600.00	Sep 25	$6.18	$0.03	$6.21	$593.79	$606.21	1.02%
$607.50	Sep 28	$3.75	$4.75	$8.50	$599.00	$616.00	1.40%
$615.00	Sep 25	$0.02	$8.50	$8.52	$606.48	$623.52	1.41%
$610.00	Sep 28	$2.69	$5.98	$8.67	$601.33	$618.67	1.43%
$597.50	Sep 25	$8.80	$0.02	$8.82	$588.68	$606.32	1.46%
$605.00	Sep 28	$5.23	$3.65	$8.88	$596.12	$613.88	1.46%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 351 found (cheapest 0.03% of stock, avg 3.49%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$610.00	$602.50	Sep 25	$0.08	$0.08	$0.16	$602.34	$610.16
$610.00	$605.00	Sep 25	$0.08	$0.43	$0.51	$604.49	$610.51
$607.50	$602.50	Sep 25	$0.41	$0.08	$0.49	$602.01	$607.99
$647.50	$602.50	Sep 25	$0.62	$0.08	$0.70	$601.80	$648.20
$607.50	$605.00	Sep 25	$0.41	$0.43	$0.84	$604.16	$608.34
$647.50	$605.00	Sep 25	$0.62	$0.43	$1.05	$603.95	$648.55
$617.50	$595.00	Sep 28	$0.91	$1.06	$1.97	$593.03	$619.47
$615.00	$595.00	Sep 28	$1.32	$1.06	$2.38	$592.62	$617.38
$617.50	$597.50	Sep 28	$0.91	$1.47	$2.38	$595.12	$619.88
$615.00	$597.50	Sep 28	$1.32	$1.47	$2.79	$594.71	$617.79

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 682 found (best R:R 0.89, avg credit $1.05)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
500/502	648/650	Sep 25	$1.18	$1.32	92%	0.89	$501.32	$648.68
515/518	715/720	Sep 28	$1.24	$3.76	93%	0.33	$516.26	$716.24
512/515	715/720	Sep 28	$1.13	$3.87	94%	0.29	$513.87	$716.13
520/522	652/655	Sep 29	$1.05	$1.45	91%	0.72	$521.45	$653.55
500/502	660/662	Sep 25	$0.94	$1.56	94%	0.60	$501.56	$660.94
520/522	612/615	Sep 29	$1.71	$0.79	61%	2.16	$520.79	$614.21
505/508	652/655	Sep 29	$0.91	$1.59	92%	0.57	$506.59	$653.41
530/535	715/720	Sep 28	$0.97	$4.03	95%	0.24	$534.03	$715.97
520/522	622/625	Sep 29	$1.18	$1.32	81%	0.89	$521.32	$623.68
520/522	625/628	Sep 29	$1.10	$1.40	84%	0.79	$521.40	$626.10

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 418 found (best R:R 2.97, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$602.50	$605.00	$607.50	Sep 25	$0.62	$1.88	62%	3.03
$607.50	$610.00	$612.50	Sep 25	$0.29	$2.21	28%	7.62
$585.00	$590.00	$595.00	Oct 5	$0.15	$4.85	10%	32.33
$635.00	$640.00	$645.00	Oct 23	$0.06	$4.94	6%	82.33
$600.00	$602.50	$605.00	Sep 29	$0.07	$2.43	12%	34.71

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$605.00	$607.50	$610.00	Sep 25	$0.63	$1.87	72%	2.97
$602.50	$605.00	$607.50	Sep 25	$1.04	$1.46	69%	1.40
$605.00	$607.50	$610.00	Sep 28	$0.13	$2.37	18%	18.23
$602.50	$605.00	$607.50	Sep 28	$0.17	$2.33	18%	13.71
$595.00	$597.50	$600.00	Sep 29	$0.07	$2.43	10%	34.71

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 588 found (best net $-2.17, 544 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$490.00	$547.50	1:2	Oct 1	-$2.17	$55.33
$545.00	$580.00	1:2	Oct 8	-$1.12	$33.88
$530.00	$562.50	1:2	Oct 7	-$15.50	$17.00
$562.50	$585.00	1:2	Oct 6	-$7.87	$14.63
$580.00	$600.00	1:2	Oct 8	-$4.64	$15.36

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$620.00	$612.50	1:2	Sep 28	-$0.79	$6.71
$630.00	$620.00	1:2	Sep 30	-$7.05	$2.95
$620.00	$615.00	1:2	Sep 25	-$3.75	$1.25
$575.00	$560.00	1:2	Oct 7	-$0.82	$14.18
$552.50	$535.00	1:2	Oct 6	-$0.17	$17.33

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 211 found (best yield 4.82%, avg 1.07%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$607.50	Nov 6	$29.20	0.52	0.2%	4.82%	5.04%	1	--
$620.00	Nov 6	$23.45	0.46	2.3%	3.87%	6.15%	26	--
$612.50	Nov 6	$26.35	0.50	1.0%	4.35%	5.39%	2	1
$615.00	Nov 6	$24.80	0.48	1.5%	4.09%	5.55%	4	1
$630.00	Nov 6	$19.20	0.41	3.9%	3.17%	7.10%	1	--
$625.00	Nov 6	$20.40	0.43	3.1%	3.37%	6.47%	4	--
$635.00	Nov 6	$17.45	0.38	4.8%	2.88%	7.63%	--	11
$607.50	Oct 30	$25.85	0.51	0.2%	4.26%	4.48%	2	4
$612.50	Oct 30	$23.40	0.48	1.0%	3.86%	4.90%	6	17
$610.00	Oct 30	$24.25	0.50	0.6%	4.00%	4.63%	8	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 62,572

Total Puts 216,672

Put/Call Ratio 3.46

Net Difference -154,100

Prior's Put/Call Breakdown

Total Calls 77,611

Total Puts 63,943

Put/Call Ratio 0.82

Net Difference 13,668

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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