SMH - Options Database

SMH

VanEck Semiconductor ETF

$602.21 -0.72%

(9/25 18:57) ◀

Monday, September 28, 2026 (10:00am)

▶ (9/28 11:00)

◀ 9/28 10:00 ▶

Option Volume

Detail

ℹ

Current (09/28 10:00am) 28,134

Calls: 12,283 (44%)

Puts: 15,851 (56%)

Prior (09/25) 24,075

Calls: 11,966 (50%)

Puts: 12,109 (50%)

Current vs Prior +16.86%

Calls: +2.65% (Calls)

Puts: +30.90% (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 -89.03%

Calls: -88.25%

Puts: -89.56%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/28 10:00am) $18.82M

Calls: $9.57M (51%)

Puts: $9.25M (49%)

Prior (09/25) $18.10M

Calls: $13.28M (73%)

Puts: $4.82M (27%)

Current vs Prior +3.95%

Calls: -27.92%

Puts: +91.67%

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 -90.76%

Calls: -91.79%

Puts: -89.37%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/28 10:00am) 1.29

Prior (09/25) 1.01

Current vs Prior +27.52%

Prior 7-Day Average 1.52

Current vs Prior 7-Day Avg -15.32%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/28 10:00am) 1,714,840

Calls: 632,600 (37%)

Puts: 1,082,240 (63%)

Prior (09/25) 1,790,255

Calls: 649,638 (36%)

Puts: 1,140,617 (64%)

Current vs Prior -4.21%

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 -7.45%

Sentiment BULLISH

Expected Move

Detail

ℹ

0DTE3DTEWKMO Expiry (09/28) | Next (09/29)Expiry (09/28) | Next (09/30)Expiry (10/02) | Next (10/09)Expiry (10/16) | Next (11/20)

Current 0.98% | 1.69%0.98% | 2.32%3.25% | 4.73%6.00% | 11.42%

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

Current vs Prior -34.98% | -28.16%-34.99% | -1.34%+114.93% | +16.49%-10.83% | -4.16%

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 -37.46% | -21.55%+3.34% | +7.75%+67.00% | +15.28%+79.27% | +19.54%

Prior 7-Day Eod 1.51% | 2.35%0.59% | 1.58%0.59% | 3.51%6.24% | 11.64%

Current vs 7-Day Eod -34.98% | -28.16%+67.49% | +46.98%+453.71% | +34.67%-3.86% | -1.87%

Sentiment BULLISHBULLISHBEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 16.82% | 27.57%

Calls: 20.00% | 42.11%

Puts: 13.64% | 13.04%

Prior 45.27% | 35.27%

Calls: 45.71% | 31.30%

Puts: 44.82% | 39.24%

Current vs Prior -62.85% | -21.83%

Prior 7-Day Avg 37.38% | 32.95%

Calls: 41.76% | 43.23%

Puts: 33.01% | 22.67%

Current vs 7-Day Avg -55.01% | -16.32%

Liquidity Expensive

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🤖 AI Insights

Bearish P/C ratio of 1.29 indicates protective positioning. Put-heavy open interest (1,082,240 puts vs 632,600 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 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
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	BEARISH	BEARISH

📈 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 418 of results (avg 6.2%, best 2.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$490.00	Oct 2	111.10	114.25	$112.68	2.8%	--	0.99	11
$610.00	Oct 30	21.40	22.05	$21.73	3.0%	--	0.47	179
$485.00	Oct 16	117.00	120.60	$118.80	3.0%	--	0.98	127
$500.00	Sep 28	100.65	103.75	$102.20	3.0%	--	0.97	12
$500.00	Oct 2	101.00	104.25	$102.63	3.2%	--	0.99	21

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$605.00	Oct 30	24.55	25.20	$24.88	2.6%	4	0.50	37
$595.00	Oct 30	20.00	20.55	$20.27	2.7%	4	0.43	35
$600.00	Oct 23	18.65	19.20	$18.92	2.9%	1	0.47	89
$605.00	Oct 23	21.00	21.65	$21.33	3.0%	--	0.50	19
$597.50	Oct 30	21.00	21.65	$21.33	3.0%	--	0.45	70

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 61 found (avg $0.66, cheapest $0.23)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$610.00	Sep 28	0.22	0.25	$0.24	12.5%	74	0.08	369
$607.50	Sep 28	0.48	0.55	$0.52	13.5%	185	0.16	1.3K
$617.50	Sep 29	0.45	0.54	$0.50	18.0%	42	0.09	20
$615.00	Sep 29	0.64	0.78	$0.71	19.7%	3	0.13	138
$632.50	Sep 30	0.33	0.39	$0.36	16.7%	2	0.05	19

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$592.50	Sep 28	0.21	0.25	$0.23	17.4%	165	0.08	323
$595.00	Sep 28	0.37	0.43	$0.40	15.0%	160	0.14	485
$597.50	Sep 28	0.68	0.79	$0.74	14.9%	266	0.23	165
$585.00	Sep 29	0.50	0.61	$0.55	20.0%	340	0.09	889
$587.50	Sep 29	0.67	0.80	$0.74	17.6%	44	0.12	1.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 293 found (avg delta 0.78, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$562.50	Sep 28	38.20	41.50	$39.85	8.3%	--	1.00	49
$522.50	Sep 28	78.15	81.30	$79.72	4.0%	--	1.00	78
$560.00	Sep 28	40.55	43.90	$42.22	7.9%	--	1.00	139
$567.50	Sep 28	33.20	36.50	$34.85	9.5%	10	1.00	18
$565.00	Sep 28	35.70	38.80	$37.25	8.3%	10	0.99	17

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$620.00	Sep 28	16.30	19.35	$17.83	17.1%	--	1.00	17
$650.00	Sep 30	46.20	49.40	$47.80	6.7%	1	1.00	1
$705.00	Oct 16	101.00	104.40	$102.70	3.3%	--	1.00	25
$612.50	Sep 28	8.90	11.80	$10.35	28.0%	6	0.95	97
$640.00	Sep 28	36.45	39.35	$37.90	7.7%	1	0.95	2

Most actively traded options today. High liquidity = easy entry/exit. 502 active (total vol 21.5K, top 860)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$620.00	Oct 2	2.85	3.10	$2.98	8.4%	860	0.23	2.5K
$630.00	Oct 16	6.95	7.25	$7.10	4.2%	563	0.28	8.4K
$630.00	Sep 29	0.10	0.18	$0.14	57.1%	318	0.03	136
$642.50	Sep 29	0.02	0.12	$0.07	142.9%	300	0.01	15
$645.00	Oct 1	0.22	0.89	$0.56	119.6%	262	0.05	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$567.50	Sep 29	0.14	0.23	$0.19	47.4%	741	0.03	3
$585.00	Sep 29	0.50	0.61	$0.55	20.0%	340	0.09	889
$590.00	Sep 28	0.13	0.16	$0.15	20.0%	324	0.05	660
$562.50	Oct 2	0.79	0.89	$0.84	11.9%	308	0.07	2.1K
$560.00	Sep 29	0.07	0.19	$0.13	92.3%	277	0.02	310

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 6.5%, max 13.0%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$587.50	Oct 1	Oct 30	38.1%	33.7%	13.0%	4	83
$597.50	Sep 28	Oct 30	37.1%	33.2%	12.0%	--	84
$600.00	Sep 28	Nov 6	35.8%	33.6%	6.7%	286	1.1K
$602.50	Sep 28	Nov 6	34.7%	33.1%	5.0%	154	206
$607.50	Sep 28	Oct 23	35.2%	33.8%	4.2%	185	1.3K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$597.50	Sep 28	Nov 6	37.2%	33.5%	11.1%	268	165
$600.00	Sep 28	Nov 6	35.8%	33.6%	6.7%	277	647
$602.50	Sep 28	Oct 30	34.7%	32.7%	6.2%	226	144
$605.00	Sep 28	Nov 6	34.5%	33.2%	3.6%	130	89
$615.00	Oct 2	Oct 23	35.0%	33.7%	3.6%	--	27

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 524 found (best R:R 11.50, avg 7.80)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$620.00	$630.00	Oct 1	$0.80	$9.20	$0.80	23%	11.50	$620.80
$620.00	$632.50	Oct 6	$1.83	$10.67	$1.83	28%	5.83	$621.83
$597.50	$600.00	Oct 2	$0.88	$1.62	$0.88	59%	1.84	$598.38
$592.50	$595.00	Oct 9	$1.00	$1.50	$1.00	62%	1.50	$593.50
$597.50	$600.00	Oct 1	$0.90	$1.60	$0.90	59%	1.78	$598.40

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$547.50	$520.00	Oct 5	$0.18	$27.32	$0.18	6%	151.78	$547.32
$607.50	$605.00	Sep 30	$0.98	$1.52	$0.98	63%	1.55	$606.52
$625.00	$620.00	Oct 30	$2.53	$2.47	$2.53	62%	0.98	$622.47
$590.00	$580.00	Oct 8	$2.25	$7.75	$2.25	35%	3.44	$587.75
$602.50	$600.00	Oct 1	$0.72	$1.78	$0.72	50%	2.47	$601.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 434 found (best R:R 0.71, avg 0.30)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$665.00	$720.00	Nov 6	$5.63	$5.63	$49.37	79%	0.11	$670.63
$652.50	$655.00	Oct 1	$0.83	$0.83	$1.67	92%	0.50	$653.33
$662.50	$665.00	Sep 30	$0.55	$0.55	$1.95	95%	0.28	$663.05
$630.00	$635.00	Oct 1	$1.01	$1.01	$3.99	84%	0.25	$631.01
$655.00	$657.50	Sep 29	$0.45	$0.45	$2.05	94%	0.22	$655.45

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$522.50	$520.00	Oct 1	$1.04	$1.04	$1.46	94%	0.71	$521.46
$520.00	$517.50	Sep 28	$0.66	$0.66	$1.84	97%	0.36	$519.34
$525.00	$522.50	Sep 28	$0.66	$0.66	$1.84	96%	0.36	$524.34
$500.00	$497.50	Sep 29	$0.64	$0.64	$1.86	97%	0.34	$499.36
$547.50	$545.00	Sep 29	$0.58	$0.58	$1.92	95%	0.30	$546.92

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $2.12, cheapest $2.08)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$600.00	Sep 28	Sep 29	$2.08	35.8%	31.0%
$602.50	Sep 28	Sep 29	$2.13	34.7%	31.4%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$600.00	Sep 28	Sep 29	$2.09	35.8%	31.0%
$602.50	Sep 28	Sep 29	$2.18	34.7%	31.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 229 found (cheapest 0.74% of stock, avg 6.03%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$602.50	Sep 28	$2.05	$2.42	$4.47	$598.03	$606.97	0.74%
$600.00	Sep 28	$3.50	$1.36	$4.86	$595.14	$604.86	0.81%
$605.00	Sep 28	$1.07	$4.03	$5.10	$599.90	$610.10	0.85%
$597.50	Sep 28	$5.40	$0.74	$6.14	$591.36	$603.64	1.02%
$607.50	Sep 28	$0.52	$5.73	$6.25	$601.25	$613.75	1.04%
$595.00	Sep 28	$7.38	$0.40	$7.78	$587.22	$602.78	1.29%
$610.00	Sep 28	$0.24	$8.32	$8.56	$601.44	$618.56	1.42%
$602.50	Sep 29	$4.18	$4.60	$8.78	$593.72	$611.28	1.46%
$605.00	Sep 29	$3.06	$5.85	$8.91	$596.09	$613.91	1.48%
$600.00	Sep 29	$5.58	$3.45	$9.03	$590.97	$609.03	1.50%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 320 found (cheapest 0.08% of stock, avg 3.19%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$610.00	$592.50	Sep 28	$0.24	$0.23	$0.47	$592.03	$610.47
$610.00	$595.00	Sep 28	$0.24	$0.40	$0.64	$594.36	$610.64
$607.50	$592.50	Sep 28	$0.52	$0.23	$0.75	$591.75	$608.25
$645.00	$592.50	Sep 28	$0.53	$0.23	$0.76	$591.74	$645.76
$607.50	$595.00	Sep 28	$0.52	$0.40	$0.92	$594.08	$608.42
$645.00	$595.00	Sep 28	$0.53	$0.40	$0.93	$594.07	$645.93
$610.00	$597.50	Sep 28	$0.24	$0.74	$0.98	$596.52	$610.98
$607.50	$597.50	Sep 28	$0.52	$0.74	$1.26	$596.24	$608.76
$645.00	$597.50	Sep 28	$0.53	$0.74	$1.27	$596.23	$646.27
$605.00	$592.50	Sep 28	$1.07	$0.23	$1.30	$591.20	$606.30

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 542 found (best R:R 2.97, avg credit $1.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
520/522	652/655	Oct 1	$1.87	$0.63	86%	2.97	$520.63	$654.37
560/562	652/655	Oct 1	$1.46	$1.04	83%	1.40	$561.04	$653.96
520/522	630/635	Oct 1	$2.05	$2.95	79%	0.69	$520.45	$632.05
498/500	655/658	Sep 29	$1.09	$1.41	91%	0.77	$498.91	$656.09
518/520	648/650	Sep 28	$1.01	$1.49	93%	0.68	$518.99	$648.51
522/525	648/650	Sep 28	$1.01	$1.49	93%	0.68	$523.99	$648.51
520/522	618/620	Oct 1	$1.58	$0.92	68%	1.72	$520.92	$619.08
545/548	655/658	Sep 29	$1.03	$1.47	89%	0.70	$546.47	$656.03
565/568	652/655	Oct 1	$1.17	$1.33	83%	0.88	$566.33	$653.67
518/520	640/642	Sep 28	$0.90	$1.60	93%	0.56	$519.10	$640.90

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 358 found (best R:R 26.78, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$595.00	$597.50	$600.00	Sep 28	$0.08	$2.42	24%	30.25
$585.00	$590.00	$595.00	Oct 5	$0.16	$4.84	13%	30.25
$605.00	$610.00	$615.00	Oct 6	$0.20	$4.80	12%	24.00
$625.00	$630.00	$635.00	Oct 30	$0.07	$4.93	6%	70.43
$645.00	$650.00	$655.00	Oct 23	$0.07	$4.93	5%	70.43

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$602.50	$605.00	$607.50	Sep 28	$0.09	$2.41	30%	26.78
$585.00	$590.00	$595.00	Oct 5	$0.17	$4.83	13%	28.41
$575.00	$580.00	$585.00	Oct 7	$0.06	$4.94	9%	82.33
$600.00	$602.50	$605.00	Sep 29	$0.10	$2.40	18%	24.00
$595.00	$597.50	$600.00	Sep 30	$0.06	$2.44	12%	40.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 508 found (best net $-4.20, 469 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$572.50	$587.50	1:2	Oct 1	-$4.20	$10.80
$592.50	$605.00	1:2	Oct 6	-$2.99	$9.51
$587.50	$597.50	1:2	Oct 1	-$3.56	$6.44
$582.50	$590.00	1:2	Sep 29	-$5.80	$1.70
$620.00	$632.50	1:2	Oct 6	-$1.47	$11.03

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$620.00	$612.50	1:2	Sep 28	-$2.87	$4.63
$620.00	$610.00	1:2	Oct 1	-$5.46	$4.54
$575.00	$560.00	1:2	Oct 6	-$0.09	$14.91
$525.00	$500.00	1:2	Nov 6	-$0.90	$24.10
$605.00	$602.50	1:2	Sep 28	-$0.81	$1.69

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 184 found (best yield 3.55%, avg 1.02%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$617.50	Nov 6	$21.40	0.44	2.5%	3.55%	6.09%	4	--
$620.00	Nov 6	$20.45	0.43	3.0%	3.40%	6.35%	10	26
$605.00	Nov 6	$26.40	0.51	0.5%	4.38%	4.85%	135	3
$602.50	Nov 6	$27.50	0.52	0.1%	4.57%	4.61%	1	--
$622.50	Nov 6	$19.35	0.41	3.4%	3.21%	6.58%	7	--
$635.00	Nov 6	$15.00	0.35	5.4%	2.49%	7.94%	10	11
$610.00	Oct 30	$21.40	0.47	1.3%	3.55%	4.85%	--	179
$612.50	Oct 30	$20.20	0.46	1.7%	3.35%	5.06%	--	16
$615.00	Oct 30	$19.15	0.44	2.1%	3.18%	5.30%	--	280
$602.50	Oct 30	$24.45	0.52	0.1%	4.06%	4.11%	--	36

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 12,283

Total Puts 15,851

Put/Call Ratio 1.29

Net Difference -3,568

Prior's Put/Call Breakdown

Total Calls 11,966

Total Puts 12,109

Put/Call Ratio 1.01

Net Difference -143

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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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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