SMH - Options Database

SMH

VanEck Semiconductor ETF

$606.56 +1.01%

(9/25 15:17) ◀

Friday, September 25, 2026 (4:00pm)

▶ (9/25 18:57)

◀ 9/25 16:00 ▶

Option Volume

Detail

ℹ

Current (09/25 4:00pm) 315,942

Calls: 84,897 (27%)

Puts: 231,045 (73%)

Prior (09/24) 162,769

Calls: 84,721 (52%)

Puts: 78,048 (48%)

Current vs Prior +94.10%

Calls: +0.21% (Calls)

Puts: +196.03% (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 +23.24%

Calls: -18.77%

Puts: +52.16%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/25 4:00pm) $139.13M

Calls: $91.03M (65%)

Puts: $48.10M (35%)

Prior (09/24) $114.50M

Calls: $83.69M (73%)

Puts: $30.81M (27%)

Current vs Prior +21.51%

Calls: +8.77%

Puts: +56.14%

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 -31.66%

Calls: -21.95%

Puts: -44.68%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25 4:00pm) 2.72

Prior (09/24) 0.92

Current vs Prior +195.42%

Prior 7-Day Average 1.52

Current vs Prior 7-Day Avg +78.58%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/25 4:00pm) 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 0.46% | 1.65%0.46% | 1.65%0.46% | 3.43%6.35% | 11.72%

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

Current vs Prior +9.04% | -8.21%-69.36% | -29.94%-69.36% | -15.53%-5.53% | -1.65%

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 +4.88% | +0.23%-51.29% | -23.48%-76.19% | -16.41%+89.91% | +22.67%

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 +9.04% | -8.21%-72.01% | -28.67%-72.01% | -15.53%-6.73% | -1.69%

Sentiment BEARISHBULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 40.81% | 37.75%

Calls: 32.73% | 44.60%

Puts: 48.89% | 30.89%

Prior 45.27% | 35.27%

Calls: 45.71% | 31.30%

Puts: 44.82% | 39.24%

Current vs Prior -9.85% | +7.03%

Prior 7-Day Avg 37.38% | 32.95%

Calls: 41.76% | 43.23%

Puts: 33.01% | 22.67%

Current vs 7-Day Avg +9.16% | +14.57%

Liquidity Expensive

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Moderately bullish flow with 65% call dollar volume ($91.03M). Above-average activity with volume up 94% vs prior. Extreme bearish P/C ratio of 2.72 - heavy put buying. P/C ratio rising 195% - 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 BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
16:00	BULLISH	BEARISH	BEARISH
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

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Tightest Spreads

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Best Value <$1

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 274 of results (avg 6.7%, best 2.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$492.50	Sep 28	112.90	116.20	$114.55	2.9%	8	0.95	--
$495.00	Sep 25	110.60	113.85	$112.23	2.9%	55	1.00	16
$487.50	Sep 25	117.60	121.15	$119.38	3.0%	7	0.95	1
$490.00	Sep 25	115.20	118.75	$116.98	3.0%	26	1.00	12
$495.00	Sep 29	110.40	113.85	$112.13	3.1%	1	0.98	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$705.00	Oct 23	96.65	100.30	$98.48	3.7%	3	0.93	--
$675.00	Nov 6	71.30	74.50	$72.90	4.4%	1	0.80	--
$705.00	Oct 16	96.00	100.50	$98.25	4.6%	--	0.94	25
$670.00	Nov 6	67.15	70.35	$68.75	4.7%	1	0.78	--
$625.00	Oct 30	33.10	35.05	$34.08	5.7%	1	0.58	14

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.76, cheapest $0.56)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$715.00	Oct 16	0.51	0.62	$0.56	19.6%	7	0.03	136
$700.00	Oct 16	0.80	0.95	$0.88	17.0%	6.0K	0.04	15.5K

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$520.00	Oct 9	0.60	0.70	$0.65	15.4%	3	0.03	133
$505.00	Oct 16	0.83	0.97	$0.90	15.6%	38	0.04	2.1K
$495.00	Oct 16	0.66	0.79	$0.73	17.8%	48	0.03	894
$500.00	Oct 16	0.80	0.86	$0.83	7.2%	109	0.03	13.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 417 found (avg delta 0.81, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$490.00	Sep 25	115.20	118.75	$116.98	3.0%	26	1.00	12
$492.50	Sep 25	112.25	116.50	$114.38	3.7%	21	1.00	3
$495.00	Sep 25	110.60	113.85	$112.23	2.9%	55	1.00	16
$500.00	Sep 25	105.05	108.45	$106.75	3.2%	19	1.00	48
$505.00	Sep 25	100.15	103.65	$101.90	3.4%	8	1.00	11

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$610.00	Sep 25	2.00	4.45	$3.23	75.9%	90	1.00	43
$615.00	Sep 25	6.35	10.00	$8.18	44.6%	92	1.00	--
$620.00	Sep 25	11.35	14.70	$13.02	25.7%	6	1.00	4
$640.00	Sep 28	31.35	34.80	$33.08	10.4%	2	1.00	--
$650.00	Sep 30	41.40	45.25	$43.33	8.9%	1	0.98	--

Most actively traded options today. High liquidity = easy entry/exit. 1,057 active (total vol 134.7K, top 15.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$700.00	Oct 16	0.80	0.95	$0.88	17.0%	6.0K	0.04	15.5K
$607.50	Sep 25	0.05	0.78	$0.42	173.8%	3.2K	0.37	1.1K
$625.00	Oct 16	10.50	12.40	$11.45	16.6%	2.1K	0.37	12.8K
$640.00	Oct 16	5.95	7.80	$6.88	26.9%	2.0K	0.26	2.9K
$610.00	Sep 25	0.00	0.01	$0.01	100.0%	1.9K	0.01	2.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$512.50	Sep 28	0.00	0.06	$0.03	200.0%	15.6K	0.00	22
$600.00	Sep 25	0.01	0.04	$0.03	100.0%	3.6K	0.02	1.5K
$602.50	Sep 25	0.01	0.03	$0.02	100.0%	2.3K	0.02	112
$585.00	Oct 2	2.77	3.50	$3.14	23.2%	1.5K	0.20	1.3K
$587.50	Sep 29	0.39	1.64	$1.01	123.8%	1.5K	0.12	1.1K

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 7.0%, max 7.0%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$607.50	Sep 25	Nov 6	35.4%	33.1%	7.0%	3.2K	1.1K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$607.50	Sep 25	Nov 6	35.4%	33.1%	7.0%	560	19

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 608 found (best R:R 271.73, avg 7.87)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$660.00	$690.00	Oct 1	$0.11	$29.89	$0.11	8%	271.73	$660.11
$592.50	$595.00	Oct 23	$0.65	$1.85	$0.65	62%	2.85	$593.15
$640.00	$650.00	Oct 5	$0.27	$9.73	$0.27	14%	36.04	$640.27
$620.00	$625.00	Oct 6	$0.68	$4.32	$0.68	33%	6.35	$620.68
$622.50	$625.00	Oct 30	$0.27	$2.23	$0.27	43%	8.26	$622.77

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$560.00	$550.00	Oct 8	$0.11	$9.89	$0.11	12%	89.91	$559.89
$595.00	$590.00	Oct 7	$0.65	$4.35	$0.65	34%	6.69	$594.35
$607.50	$605.00	Sep 30	$0.27	$2.23	$0.27	50%	8.26	$607.23
$612.50	$610.00	Sep 30	$0.57	$1.93	$0.57	61%	3.39	$611.93
$617.50	$615.00	Oct 2	$0.82	$1.68	$0.82	66%	2.05	$616.68

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 519 found (best R:R 5.76, avg 0.38)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$630.00	$632.50	Sep 29	$2.18	$2.18	$0.32	81%	6.81	$632.18
$715.00	$720.00	Sep 28	$1.69	$1.69	$3.31	94%	0.51	$716.69
$665.00	$675.00	Oct 6	$1.70	$1.70	$8.30	88%	0.20	$666.70
$675.00	$680.00	Sep 25	$1.09	$1.09	$3.91	94%	0.28	$676.09
$660.00	$662.50	Sep 25	$0.95	$0.95	$1.55	93%	0.61	$660.95

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$497.50	$495.00	Sep 29	$2.13	$2.13	$0.37	94%	5.76	$495.37
$507.50	$505.00	Sep 29	$1.88	$1.88	$0.62	96%	3.03	$505.62
$502.50	$500.00	Sep 25	$1.77	$1.77	$0.73	95%	2.42	$500.73
$517.50	$515.00	Sep 28	$1.69	$1.69	$0.81	96%	2.09	$515.81
$565.00	$562.50	Sep 28	$1.73	$1.73	$0.77	94%	2.25	$563.27

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $2.81, cheapest $3.71)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$607.50	Sep 25	Sep 28	$3.71	35.4%	20.0%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$617.50	Oct 2	Oct 7	$2.43	28.4%	29.6%
$612.50	Sep 28	Sep 30	$2.30	20.1%	25.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 291 found (cheapest 0.18% of stock, avg 6.24%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$607.50	Sep 25	$0.42	$0.68	$1.10	$606.40	$608.60	0.18%
$605.00	Sep 25	$2.13	$0.08	$2.21	$602.79	$607.21	0.36%
$610.00	Sep 25	$0.01	$3.23	$3.24	$606.76	$613.24	0.53%
$602.50	Sep 25	$4.48	$0.02	$4.50	$598.00	$607.00	0.74%
$600.00	Sep 25	$7.45	$0.03	$7.48	$592.52	$607.48	1.23%
$615.00	Sep 25	$0.01	$8.18	$8.19	$606.81	$623.19	1.35%
$607.50	Sep 28	$4.13	$4.50	$8.63	$598.87	$616.13	1.42%
$610.00	Sep 28	$3.03	$5.70	$8.73	$601.27	$618.73	1.44%
$605.00	Sep 28	$5.50	$3.37	$8.87	$596.13	$613.87	1.46%
$597.50	Sep 25	$9.68	$0.02	$9.70	$587.80	$607.20	1.60%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 375 found (cheapest 0.08% of stock, avg 3.30%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$607.50	$605.00	Sep 25	$0.42	$0.08	$0.50	$604.50	$608.00
$607.50	$592.50	Sep 25	$0.42	$0.22	$0.64	$591.86	$608.14
$670.00	$605.00	Sep 25	$1.55	$0.08	$1.63	$603.37	$671.63
$607.50	$547.50	Sep 25	$0.42	$0.83	$1.25	$546.25	$608.75
$670.00	$592.50	Sep 25	$1.55	$0.22	$1.77	$590.73	$671.77
$617.50	$595.00	Sep 28	$1.06	$0.99	$2.05	$592.95	$619.55
$670.00	$547.50	Sep 25	$1.55	$0.83	$2.38	$545.12	$672.38
$617.50	$597.50	Sep 28	$1.06	$1.33	$2.39	$595.11	$619.89
$665.00	$605.00	Sep 25	$2.50	$0.08	$2.58	$602.42	$667.58
$720.00	$605.00	Sep 25	$2.50	$0.08	$2.58	$602.42	$722.58

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 645 found (best R:R 2.21, avg credit $1.34)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
495/498	665/670	Sep 25	$3.44	$1.56	85%	2.21	$494.06	$668.44
495/498	670/675	Sep 25	$2.94	$2.06	86%	1.43	$494.56	$672.94
500/502	665/670	Sep 25	$2.72	$2.28	87%	1.19	$499.78	$667.72
510/515	630/632	Sep 29	$3.39	$1.61	74%	2.11	$511.61	$633.39
505/508	640/642	Sep 29	$2.21	$0.29	88%	7.62	$505.29	$642.21
505/508	622/625	Sep 29	$2.36	$0.14	79%	16.86	$505.14	$624.86
495/498	625/628	Sep 29	$2.29	$0.21	82%	10.90	$495.21	$627.29
560/562	630/632	Sep 29	$2.34	$0.16	77%	14.62	$560.16	$632.34
515/518	642/645	Sep 28	$1.97	$0.53	91%	3.72	$515.53	$644.47
562/565	642/645	Sep 28	$2.01	$0.49	90%	4.10	$562.99	$644.51

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 444 found (best R:R 13.49, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$605.00	$607.50	$610.00	Sep 25	$1.30	$1.20	88%	0.92
$602.50	$605.00	$607.50	Sep 25	$0.64	$1.86	61%	2.91
$590.00	$595.00	$600.00	Oct 16	$0.11	$4.89	8%	44.45
$635.00	$640.00	$645.00	Oct 23	$0.12	$4.88	7%	40.67
$660.00	$665.00	$670.00	Oct 16	$0.05	$4.95	4%	99.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$595.00	$605.00	$615.00	Oct 7	$0.69	$9.31	25%	13.49
$602.50	$605.00	$607.50	Sep 25	$0.54	$1.96	71%	3.63
$605.00	$607.50	$610.00	Sep 28	$0.07	$2.43	18%	34.71
$600.00	$602.50	$605.00	Sep 28	$0.09	$2.41	17%	26.78
$610.00	$615.00	$620.00	Oct 9	$0.22	$4.78	11%	21.73

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 566 found (best net $-3.66, 506 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$490.00	$547.50	1:2	Oct 1	-$3.66	$53.84
$530.00	$562.50	1:2	Oct 7	-$16.41	$16.09
$562.50	$585.00	1:2	Oct 6	-$8.31	$14.19
$580.00	$600.00	1:2	Oct 8	-$3.82	$16.18
$635.00	$665.00	1:2	Nov 6	-$1.19	$28.81

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$620.00	$612.50	1:2	Sep 28	-$2.30	$5.20
$620.00	$615.00	1:2	Sep 25	-$3.34	$1.66
$575.00	$560.00	1:2	Oct 7	-$0.23	$14.77
$630.00	$620.00	1:2	Sep 30	-$7.53	$2.47
$605.00	$595.00	1:2	Oct 7	-$3.12	$6.88

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 223 found (best yield 4.26%, avg 0.95%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$612.50	Nov 6	$25.85	0.50	1.0%	4.26%	5.24%	2	1
$620.00	Nov 6	$22.25	0.46	2.2%	3.67%	5.88%	26	--
$607.50	Nov 6	$27.80	0.52	0.1%	4.58%	4.74%	1	--
$615.00	Nov 6	$24.00	0.48	1.4%	3.96%	5.35%	4	1
$625.00	Nov 6	$20.05	0.43	3.0%	3.31%	6.35%	4	--
$630.00	Nov 6	$18.20	0.40	3.9%	3.00%	6.86%	1	--
$635.00	Nov 6	$16.20	0.38	4.7%	2.67%	7.36%	--	11
$615.00	Oct 30	$21.70	0.48	1.4%	3.58%	4.97%	111	236
$607.50	Oct 30	$25.15	0.52	0.1%	4.15%	4.30%	4	4
$610.00	Oct 30	$23.90	0.51	0.6%	3.94%	4.51%	11	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 84,897

Total Puts 231,045

Put/Call Ratio 2.72

Net Difference -146,148

Prior's Put/Call Breakdown

Total Calls 84,721

Total Puts 78,048

Put/Call Ratio 0.92

Net Difference 6,673

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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