SMH - Options Database

SMH

VanEck Semiconductor ETF

$594.03 -2.07%

(9/28 10:00) ◀

Monday, September 28, 2026 (11:00am)

▶ (9/28 12:00)

◀ 9/28 11:00 ▶

Option Volume

Detail

ℹ

Current (09/28 11:00am) 59,669

Calls: 26,197 (44%)

Puts: 33,472 (56%)

Prior (09/25) 60,737

Calls: 30,302 (50%)

Puts: 30,435 (50%)

Current vs Prior -1.76%

Calls: -13.55% (Calls)

Puts: +9.98% (Puts)

Prior 7-Day Total 1,821,102

Calls: 713,447 (39%)

Puts: 1,107,655 (61%)

Prior 7-Day Average 260,157

Calls: 101,921 (39%)

Puts: 158,236 (61%)

Current vs Prior 7-Day Avg -77.06%

Calls: -74.30%

Puts: -78.85%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/28 11:00am) $40.51M

Calls: $17.09M (42%)

Puts: $23.42M (58%)

Prior (09/25) $46.91M

Calls: $33.81M (72%)

Puts: $13.11M (28%)

Current vs Prior -13.66%

Calls: -49.44%

Puts: +78.62%

Prior 7-Day Total $1.40B

Calls: $854.39M (61%)

Puts: $540.74M (39%)

Prior 7-Day Average $199.30M

Calls: $122.06M (61%)

Puts: $77.25M (39%)

Current vs Prior 7-Day Avg -79.68%

Calls: -86.00%

Puts: -69.69%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/28 11:00am) 1.28

Prior (09/25) 1.00

Current vs Prior +27.21%

Prior 7-Day Average 1.65

Current vs Prior 7-Day Avg -22.77%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/28 11:00am) 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 12,727,898

Calls: 4,786,065 (38%)

Puts: 7,941,833 (62%)

Prior 7-Day Average 1,818,271

Calls: 683,723 (38%)

Puts: 1,134,547 (62%)

Current vs Prior 7-Day Avg -5.69%

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 0.93% | 1.75%0.93% | 2.25%3.30% | 4.72%6.22% | 11.55%

Prior 1.65% | 2.16%0.46% | 1.65%0.46% | 3.43%6.35% | 11.72%

Current vs Prior -43.74% | -19.09%+100.22% | +36.63%+613.25% | +37.60%-2.08% | -1.45%

Prior 7-Day Avg 1.52% | 2.10%0.93% | 2.03%1.65% | 3.96%4.17% | 10.06%

Current vs 7-Day Avg -39.00% | -16.86%-0.42% | +11.03%+100.19% | +19.21%+49.29% | +14.76%

Prior 7-Day Eod 1.65% | 2.16%0.59% | 1.58%0.59% | 3.51%6.24% | 11.64%

Current vs 7-Day Eod -43.74% | -19.09%+58.05% | +42.61%+463.04% | +34.37%-0.27% | -0.77%

Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 18.65% | 21.61%

Calls: 22.18% | 25.57%

Puts: 15.12% | 17.65%

Prior 40.81% | 37.75%

Calls: 32.73% | 44.60%

Puts: 48.89% | 30.89%

Current vs Prior -54.30% | -42.75%

Prior 7-Day Avg 40.73% | 35.49%

Calls: 44.76% | 47.20%

Puts: 36.69% | 23.78%

Current vs 7-Day Avg -54.21% | -39.10%

Liquidity Expensive

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🤖 AI Insights

Bearish P/C ratio of 1.28 indicates protective positioning. Put-heavy open interest (1,082,240 puts vs 632,600 calls) suggests hedging or bearish positioning.

Smart Money BEARISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

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
11:00	BEARISH	BEARISH	BEARISH
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 421 of results (avg 6.4%, best 2.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$612.50	Oct 30	16.90	17.30	$17.10	2.3%	--	0.40	16
$605.00	Nov 6	23.35	23.95	$23.65	2.5%	166	0.47	3
$602.50	Nov 6	24.45	25.15	$24.80	2.8%	1	0.48	--
$480.00	Oct 16	113.85	117.25	$115.55	2.9%	--	1.00	119
$610.00	Nov 6	21.15	21.80	$21.48	3.0%	1	0.44	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$705.00	Oct 16	109.30	112.75	$111.03	3.1%	--	0.98	25
$597.50	Oct 30	24.55	25.40	$24.98	3.4%	--	0.50	70
$592.50	Oct 30	22.15	22.95	$22.55	3.5%	--	0.47	41
$577.50	Nov 6	18.80	19.50	$19.15	3.7%	10	0.38	1
$590.00	Oct 30	21.00	21.80	$21.40	3.7%	11	0.46	350

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 53 found (avg $0.65, cheapest $0.22)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$597.50	Sep 28	0.69	0.82	$0.75	17.3%	320	0.25	58
$615.00	Sep 29	0.22	0.26	$0.24	16.7%	508	0.05	138
$610.00	Sep 29	0.45	0.53	$0.49	16.3%	81	0.09	81
$625.00	Sep 30	0.30	0.36	$0.33	18.2%	54	0.05	36
$620.00	Sep 30	0.44	0.53	$0.49	18.4%	352	0.07	97

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$585.00	Sep 28	0.20	0.23	$0.22	13.6%	311	0.07	251
$587.50	Sep 28	0.36	0.42	$0.39	15.4%	368	0.13	571
$575.00	Sep 29	0.48	0.56	$0.52	15.4%	52	0.08	298
$577.50	Sep 29	0.62	0.72	$0.67	14.9%	30	0.10	17
$572.50	Sep 29	0.38	0.45	$0.42	16.7%	45	0.07	25

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 315 found (avg delta 0.76, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$550.00	Sep 29	42.45	45.60	$44.03	7.2%	10	1.00	1
$552.50	Sep 29	39.95	43.20	$41.58	7.8%	1	1.00	1
$555.00	Sep 29	37.45	41.10	$39.28	9.3%	20	1.00	26
$480.00	Oct 16	113.85	117.25	$115.55	2.9%	--	1.00	119
$485.00	Oct 16	108.95	112.40	$110.68	3.1%	--	1.00	127

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$607.50	Sep 28	11.95	15.30	$13.63	24.6%	38	1.00	93
$610.00	Sep 28	14.50	17.75	$16.13	20.1%	10	1.00	10
$612.50	Sep 28	17.10	20.25	$18.68	16.9%	6	1.00	97
$620.00	Sep 28	24.45	27.70	$26.08	12.5%	10	1.00	17
$650.00	Sep 30	54.55	57.75	$56.15	5.7%	1	1.00	1

Most actively traded options today. High liquidity = easy entry/exit. 733 active (total vol 48.2K, top 1.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$607.50	Sep 28	0.05	0.07	$0.06	33.3%	1.9K	0.02	1.3K
$630.00	Oct 16	5.00	5.40	$5.20	7.7%	1.2K	0.22	8.4K
$620.00	Oct 2	1.57	1.77	$1.67	12.0%	988	0.14	2.5K
$602.50	Sep 29	1.39	1.61	$1.50	14.7%	671	0.23	262
$612.50	Sep 29	0.30	0.38	$0.34	23.5%	641	0.07	292

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$590.00	Sep 28	0.67	0.83	$0.75	21.3%	797	0.23	660
$565.00	Oct 16	6.55	7.00	$6.78	6.6%	769	0.24	2.2K
$567.50	Sep 29	0.26	0.33	$0.30	23.3%	741	0.04	3
$592.50	Sep 28	1.30	1.55	$1.43	17.5%	679	0.39	323
$550.00	Oct 16	4.00	4.35	$4.18	8.4%	661	0.16	8.3K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 9.8%, max 14.9%)

CALLS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$590.00	Sep 28	Oct 30	37.9%	33.0%	14.9%	22	271
$582.50	Sep 29	Oct 23	35.9%	32.4%	10.9%	--	147
$592.50	Sep 28	Oct 30	36.0%	32.9%	9.7%	36	474
$595.00	Sep 28	Nov 6	36.3%	33.6%	8.0%	131	422

PUTS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$590.00	Sep 28	Nov 6	37.9%	33.9%	12.0%	798	662
$595.00	Sep 28	Nov 6	36.3%	33.6%	8.0%	589	486
$615.00	Oct 2	Oct 23	36.1%	33.4%	7.9%	--	27
$592.50	Sep 28	Nov 6	36.0%	33.8%	6.8%	681	323

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 576 found (best R:R 19.16, avg 7.52)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$620.00	$632.50	Oct 6	$0.62	$11.88	$0.62	21%	19.16	$620.62
$640.00	$680.00	Oct 7	$0.75	$39.25	$0.75	9%	52.33	$640.75
$570.00	$572.50	Oct 1	$1.42	$1.08	$1.42	88%	0.76	$571.42
$610.00	$615.00	Oct 1	$0.41	$4.59	$0.41	24%	11.20	$610.41
$582.50	$585.00	Oct 2	$1.12	$1.38	$1.12	70%	1.23	$583.62

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$597.50	$595.00	Oct 5	$0.50	$2.00	$0.50	55%	4.00	$597.00
$597.50	$595.00	Oct 8	$0.63	$1.87	$0.63	54%	2.97	$596.87
$635.00	$625.00	Oct 30	$6.43	$3.57	$6.43	72%	0.56	$628.57
$597.50	$595.00	Oct 1	$0.72	$1.78	$0.72	57%	2.47	$596.78
$575.00	$572.50	Nov 6	$0.33	$2.17	$0.33	36%	6.58	$574.67

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 468 found (best R:R 0.17, avg 0.32)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$690.00	$705.00	Sep 29	$2.14	$2.14	$12.86	92%	0.17	$692.14
$700.00	$705.00	Sep 28	$1.09	$1.09	$3.91	95%	0.28	$701.09
$647.50	$650.00	Sep 28	$0.87	$0.87	$1.63	94%	0.53	$648.37
$662.50	$665.00	Sep 30	$0.66	$0.66	$1.84	95%	0.36	$663.16
$632.50	$650.00	Oct 6	$1.99	$1.99	$15.51	84%	0.13	$634.49

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$522.50	$520.00	Oct 1	$1.03	$1.03	$1.47	94%	0.70	$521.47
$495.00	$490.00	Oct 1	$0.76	$0.76	$4.24	96%	0.18	$494.24
$575.00	$560.00	Oct 7	$3.03	$3.03	$11.97	73%	0.25	$571.97
$580.00	$577.50	Oct 1	$1.21	$1.21	$1.29	74%	0.94	$578.79
$577.50	$575.00	Nov 6	$1.47	$1.47	$1.03	62%	1.43	$576.03

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $2.55, cheapest $2.40)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$592.50	Sep 28	Sep 29	$2.35	36.0%	32.3%
$595.00	Sep 28	Sep 29	$2.60	36.3%	35.2%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$592.50	Sep 28	Sep 29	$2.40	36.0%	32.1%
$595.00	Sep 28	Sep 29	$2.52	36.3%	35.2%
$617.50	Oct 16	Oct 23	$2.88	32.7%	33.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 266 found (cheapest 0.70% of stock, avg 5.94%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$595.00	Sep 28	$1.60	$2.58	$4.18	$590.82	$599.18	0.70%
$592.50	Sep 28	$2.93	$1.43	$4.36	$588.14	$596.86	0.73%
$597.50	Sep 28	$0.75	$3.92	$4.67	$592.83	$602.17	0.79%
$590.00	Sep 28	$4.68	$0.75	$5.43	$584.57	$595.43	0.91%
$600.00	Sep 28	$0.34	$6.18	$6.52	$593.48	$606.52	1.10%
$587.50	Sep 28	$6.53	$0.39	$6.92	$580.58	$594.42	1.16%
$602.50	Sep 28	$0.16	$8.63	$8.79	$593.71	$611.29	1.48%
$592.50	Sep 29	$5.28	$3.83	$9.11	$583.39	$601.61	1.53%
$585.00	Sep 28	$8.90	$0.22	$9.12	$575.88	$594.12	1.54%
$595.00	Sep 29	$4.20	$5.10	$9.30	$585.70	$604.30	1.57%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 340 found (cheapest 0.06% of stock, avg 3.33%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$602.50	$585.00	Sep 28	$0.16	$0.22	$0.38	$584.62	$602.88
$600.00	$585.00	Sep 28	$0.34	$0.22	$0.56	$584.44	$600.56
$602.50	$587.50	Sep 28	$0.16	$0.39	$0.55	$586.95	$603.05
$600.00	$587.50	Sep 28	$0.34	$0.39	$0.73	$586.77	$600.73
$602.50	$552.50	Sep 28	$0.16	$0.61	$0.77	$551.73	$603.27
$600.00	$552.50	Sep 28	$0.34	$0.61	$0.95	$551.55	$600.95
$602.50	$590.00	Sep 28	$0.16	$0.75	$0.91	$589.09	$603.41
$645.00	$585.00	Sep 28	$0.88	$0.22	$1.10	$583.90	$646.10
$597.50	$585.00	Sep 28	$0.75	$0.22	$0.97	$584.03	$598.47
$600.00	$590.00	Sep 28	$0.34	$0.75	$1.09	$588.91	$601.09

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 517 found (best R:R 0.46, avg credit $0.93)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
512/515	700/705	Sep 28	$1.58	$3.42	92%	0.46	$513.42	$701.58
520/522	618/620	Oct 1	$1.78	$0.72	76%	2.47	$520.72	$619.28
515/518	700/705	Sep 28	$1.67	$3.33	90%	0.50	$515.83	$701.67
515/518	648/650	Sep 28	$1.45	$1.05	89%	1.38	$516.05	$648.95
522/525	700/705	Sep 28	$1.59	$3.41	91%	0.47	$523.41	$701.59
512/515	648/650	Sep 28	$1.36	$1.14	91%	1.19	$513.64	$648.86
520/522	605/608	Oct 1	$2.06	$0.44	63%	4.68	$520.44	$607.06
522/525	648/650	Sep 28	$1.37	$1.13	90%	1.21	$523.63	$648.87
505/508	700/705	Sep 28	$1.41	$3.59	91%	0.39	$506.09	$701.41
505/508	648/650	Sep 28	$1.19	$1.31	89%	0.91	$506.31	$648.69

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 362 found (best R:R 12.16, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$587.50	$590.00	$592.50	Sep 28	$0.10	$2.40	26%	24.00
$590.00	$595.00	$600.00	Oct 5	$0.24	$4.76	15%	19.83
$585.00	$590.00	$595.00	Oct 5	$0.26	$4.74	15%	18.23
$600.00	$602.50	$605.00	Sep 29	$0.06	$2.44	14%	40.67
$590.00	$592.50	$595.00	Sep 28	$0.42	$2.08	34%	4.95

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$592.50	$595.00	$597.50	Sep 28	$0.19	$2.31	36%	12.16
$597.50	$600.00	$602.50	Sep 28	$0.19	$2.31	18%	12.16
$587.50	$590.00	$592.50	Sep 28	$0.32	$2.18	26%	6.81
$590.00	$592.50	$595.00	Sep 28	$0.47	$2.03	34%	4.32
$580.00	$582.50	$585.00	Sep 29	$0.08	$2.42	9%	30.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 506 found (best net $-0.13, 471 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$575.00	$587.50	1:2	Oct 1	-$1.86	$10.64
$572.50	$585.00	1:2	Oct 5	-$6.02	$6.48
$590.00	$597.50	1:2	Oct 1	-$2.20	$5.30
$635.00	$655.00	1:2	Nov 6	-$3.65	$16.35
$580.00	$585.00	1:2	Sep 28	-$3.80	$1.20

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$645.00	$615.00	1:2	Oct 9	-$0.13	$29.87
$640.00	$620.00	1:2	Sep 28	-$6.03	$13.97
$560.00	$545.00	1:2	Oct 7	-$0.25	$14.75
$595.00	$592.50	1:2	Sep 28	-$0.28	$2.22
$560.00	$530.00	1:2	Oct 6	-$2.06	$27.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 208 found (best yield 4.31%, avg 1.09%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$600.00	Nov 6	$25.60	0.49	1.0%	4.31%	5.31%	170	5
$602.50	Nov 6	$24.45	0.48	1.4%	4.12%	5.54%	1	--
$605.00	Nov 6	$23.35	0.47	1.9%	3.93%	5.78%	166	3
$607.50	Nov 6	$22.25	0.45	2.3%	3.75%	6.01%	5	1
$610.00	Nov 6	$21.15	0.44	2.7%	3.56%	6.25%	1	--
$615.00	Nov 6	$19.15	0.41	3.5%	3.22%	6.75%	3	3
$595.00	Nov 6	$27.15	0.52	0.2%	4.57%	4.73%	1	4
$617.50	Nov 6	$18.20	0.40	4.0%	3.06%	7.01%	4	--
$620.00	Nov 6	$17.30	0.38	4.4%	2.91%	7.28%	11	26
$622.50	Nov 6	$16.40	0.37	4.8%	2.76%	7.55%	7	--

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 26,197

Total Puts 33,472

Put/Call Ratio 1.28

Net Difference -7,275

Prior's Put/Call Breakdown

Total Calls 30,302

Total Puts 30,435

Put/Call Ratio 1.00

Net Difference -133

Prior 7-Day Put/Call Summary

Total Calls 713,447

Total Puts 1,107,655

Average Put/Call Ratio 1.65

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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