SMH - Options Database

SMH

VanEck Semiconductor ETF

$597.16 -1.55%

(9/28 11:00) ◀

Monday, September 28, 2026 (12:00pm)

▶ (9/28 13:00)

◀ 9/28 12:00 ▶

Option Volume

Detail

ℹ

Current (09/28 12:00pm) 75,820

Calls: 32,548 (43%)

Puts: 43,272 (57%)

Prior (09/25) 103,330

Calls: 40,273 (39%)

Puts: 63,057 (61%)

Current vs Prior -26.62%

Calls: -19.18% (Calls)

Puts: -31.38% (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 -70.86%

Calls: -68.07%

Puts: -72.65%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/28 12:00pm) $49.43M

Calls: $24.61M (50%)

Puts: $24.82M (50%)

Prior (09/25) $69.40M

Calls: $47.60M (69%)

Puts: $21.80M (31%)

Current vs Prior -28.78%

Calls: -48.30%

Puts: +13.85%

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 -75.20%

Calls: -79.84%

Puts: -67.87%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/28 12:00pm) 1.33

Prior (09/25) 1.57

Current vs Prior -15.09%

Prior 7-Day Average 1.65

Current vs Prior 7-Day Avg -19.64%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/28 12:00pm) 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 0.80% | 1.62%0.80% | 2.39%3.20% | 4.81%6.17% | 11.51%

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

Current vs Prior -51.55% | -24.79%+72.42% | +45.05%+590.37% | +40.20%-2.85% | -1.78%

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 -47.47% | -22.72%-14.25% | +17.88%+93.77% | +21.47%+48.11% | +14.38%

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 -51.55% | -24.79%+36.10% | +51.41%+444.98% | +36.91%-1.06% | -1.10%

Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 14.62% | 15.95%

Calls: 15.61% | 20.00%

Puts: 13.64% | 11.90%

Prior 40.81% | 37.75%

Calls: 32.73% | 44.60%

Puts: 48.89% | 30.89%

Current vs Prior -64.18% | -57.75%

Prior 7-Day Avg 40.73% | 35.49%

Calls: 44.76% | 47.20%

Puts: 36.69% | 23.78%

Current vs 7-Day Avg -64.10% | -55.05%

Liquidity Expensive

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🤖 AI Insights

Bearish P/C ratio of 1.33 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 BEARISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BEARISH

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
12:00	BEARISH	BEARISH	BEARISH
11:00	BEARISH	BEARISH	BEARISH
10:00	BULLISH	BEARISH	BEARISH

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🎯 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

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Tightest Spreads

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Best Value <$1

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 470 of results (avg 6.3%, best 2.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$607.50	Oct 30	20.55	21.00	$20.78	2.2%	6	0.46	7
$605.00	Oct 30	21.65	22.15	$21.90	2.3%	5	0.47	267
$605.00	Nov 6	25.00	25.60	$25.30	2.4%	166	0.48	3
$600.00	Oct 16	16.25	16.70	$16.48	2.7%	339	0.49	12.5K
$535.00	Oct 16	64.70	66.50	$65.60	2.7%	8	0.91	457

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$570.00	Oct 2	1.67	1.71	$1.69	2.4%	119	0.13	14.3K
$592.50	Oct 2	6.75	6.95	$6.85	2.9%	269	0.41	770
$597.50	Oct 30	23.30	24.00	$23.65	3.0%	--	0.48	70
$595.00	Nov 6	24.85	25.60	$25.23	3.0%	17	0.46	1
$592.50	Nov 6	23.70	24.45	$24.08	3.1%	2	0.45	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 54 found (avg $0.66, cheapest $0.32)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$600.00	Sep 28	0.54	0.62	$0.58	13.8%	834	0.25	1.1K
$610.00	Sep 29	0.59	0.71	$0.65	18.5%	114	0.12	81
$607.50	Sep 29	0.91	1.05	$0.98	14.3%	124	0.17	66
$625.00	Sep 30	0.34	0.41	$0.38	18.4%	55	0.05	36
$622.50	Sep 30	0.45	0.51	$0.48	12.5%	13	0.07	17

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$592.50	Sep 28	0.29	0.34	$0.32	15.6%	1.1K	0.14	323
$595.00	Sep 28	0.72	0.81	$0.77	11.7%	952	0.29	485
$580.00	Sep 29	0.41	0.48	$0.44	15.9%	76	0.08	261
$582.50	Sep 29	0.56	0.65	$0.61	14.8%	138	0.10	127
$585.00	Sep 29	0.78	0.95	$0.87	19.5%	469	0.14	889

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 335 found (avg delta 0.78, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$482.50	Sep 28	113.25	116.60	$114.93	2.9%	2	1.00	--
$485.00	Sep 28	110.75	113.85	$112.30	2.8%	2	1.00	--
$510.00	Sep 28	85.75	88.85	$87.30	3.6%	6	1.00	--
$512.50	Sep 28	83.25	86.35	$84.80	3.7%	6	1.00	--
$515.00	Sep 28	81.20	83.80	$82.50	3.2%	5	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$705.00	Oct 16	105.70	109.30	$107.50	3.3%	--	1.00	25
$610.00	Sep 28	10.80	14.30	$12.55	27.9%	15	0.99	10
$612.50	Sep 28	13.75	16.80	$15.28	20.0%	6	0.99	97
$650.00	Sep 30	51.10	54.30	$52.70	6.1%	1	0.99	1
$607.50	Sep 28	8.80	11.75	$10.28	28.7%	38	0.98	93

Most actively traded options today. High liquidity = easy entry/exit. 823 active (total vol 59.5K, top 1.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$607.50	Sep 28	0.03	0.06	$0.05	60.0%	1.9K	0.02	1.3K
$630.00	Oct 16	5.70	6.20	$5.95	8.4%	1.3K	0.24	8.4K
$602.50	Sep 28	0.18	0.23	$0.21	23.8%	1.1K	0.11	206
$620.00	Oct 2	1.90	2.08	$1.99	9.0%	991	0.17	2.5K
$600.00	Sep 28	0.54	0.62	$0.58	13.8%	834	0.25	1.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$592.50	Sep 28	0.29	0.34	$0.32	15.6%	1.1K	0.14	323
$590.00	Sep 28	0.13	0.16	$0.15	20.0%	1.0K	0.07	660
$595.00	Sep 28	0.72	0.81	$0.77	11.7%	952	0.29	485
$565.00	Oct 16	5.80	6.40	$6.10	9.8%	859	0.22	2.2K
$575.00	Sep 29	0.23	0.32	$0.28	32.1%	837	0.05	298

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 1 strikes (avg 5.7%, max 5.7%)

CALLS (0)

No calls found

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$615.00	Oct 2	Oct 23	34.8%	33.0%	5.7%	--	27

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 590 found (best R:R 19.16, avg 7.35)

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	22%	19.16	$620.62
$640.00	$680.00	Oct 7	$0.75	$39.25	$0.75	10%	52.33	$640.75
$610.00	$615.00	Oct 1	$0.41	$4.59	$0.41	27%	11.20	$610.41
$577.50	$580.00	Oct 2	$1.28	$1.22	$1.28	80%	0.95	$578.78
$560.00	$565.00	Oct 23	$3.17	$1.83	$3.17	78%	0.58	$563.17

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$597.50	$595.00	Oct 1	$0.37	$2.13	$0.37	50%	5.76	$597.13
$630.00	$625.00	Oct 16	$3.15	$1.85	$3.15	76%	0.59	$626.85
$585.00	$582.50	Oct 8	$0.28	$2.22	$0.28	35%	7.93	$584.72
$600.00	$597.50	Oct 6	$0.75	$1.75	$0.75	54%	2.33	$599.25
$587.50	$585.00	Oct 6	$0.35	$2.15	$0.35	36%	6.14	$587.15

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 474 found (best R:R 0.09, avg 0.33)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$690.00	$705.00	Sep 29	$1.25	$1.25	$13.75	94%	0.09	$691.25
$647.50	$650.00	Sep 28	$0.88	$0.88	$1.62	93%	0.54	$648.38
$605.00	$607.50	Oct 6	$1.62	$1.62	$0.88	61%	1.84	$606.62
$597.50	$600.00	Oct 1	$1.83	$1.83	$0.67	50%	2.73	$599.33
$662.50	$665.00	Sep 30	$0.66	$0.66	$1.84	95%	0.36	$663.16

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
$517.50	$515.00	Sep 28	$0.85	$0.85	$1.65	96%	0.52	$516.65
$495.00	$490.00	Oct 1	$0.76	$0.76	$4.24	96%	0.18	$494.24
$580.00	$560.00	Oct 8	$4.07	$4.07	$15.93	70%	0.26	$575.93
$570.00	$567.50	Nov 6	$1.37	$1.37	$1.13	68%	1.21	$568.63

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $2.45, cheapest $2.28)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$597.50	Sep 28	Sep 29	$2.64	30.2%	31.0%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$617.50	Oct 16	Oct 23	$2.28	32.7%	33.2%
$597.50	Sep 28	Sep 29	$2.44	30.2%	31.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 274 found (cheapest 0.54% of stock, avg 5.90%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$597.50	Sep 28	$1.44	$1.76	$3.20	$594.30	$600.70	0.54%
$595.00	Sep 28	$3.01	$0.77	$3.78	$591.22	$598.78	0.63%
$600.00	Sep 28	$0.58	$3.32	$3.90	$596.10	$603.90	0.65%
$592.50	Sep 28	$5.15	$0.32	$5.47	$587.03	$597.97	0.92%
$602.50	Sep 28	$0.21	$5.58	$5.79	$596.71	$608.29	0.97%
$590.00	Sep 28	$7.45	$0.15	$7.60	$582.40	$597.60	1.27%
$605.00	Sep 28	$0.08	$8.00	$8.08	$596.92	$613.08	1.35%
$597.50	Sep 29	$4.08	$4.20	$8.28	$589.22	$605.78	1.39%
$595.00	Sep 29	$5.50	$3.14	$8.64	$586.36	$603.64	1.45%
$600.00	Sep 29	$2.95	$5.85	$8.80	$591.20	$608.80	1.47%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 344 found (cheapest 0.06% of stock, avg 3.29%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$602.50	$590.00	Sep 28	$0.21	$0.15	$0.36	$589.64	$602.86
$602.50	$592.50	Sep 28	$0.21	$0.32	$0.53	$591.97	$603.03
$600.00	$590.00	Sep 28	$0.58	$0.15	$0.73	$589.27	$600.73
$600.00	$592.50	Sep 28	$0.58	$0.32	$0.90	$591.60	$600.90
$645.00	$590.00	Sep 28	$0.89	$0.15	$1.04	$588.96	$646.04
$647.50	$590.00	Sep 28	$0.89	$0.15	$1.04	$588.96	$648.54
$602.50	$545.00	Sep 28	$0.21	$0.79	$1.00	$544.00	$603.50
$602.50	$537.50	Sep 28	$0.21	$0.89	$1.10	$536.40	$603.60
$602.50	$595.00	Sep 28	$0.21	$0.77	$0.98	$594.02	$603.48
$645.00	$592.50	Sep 28	$0.89	$0.32	$1.21	$591.29	$646.21

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 534 found (best R:R 2.25, avg credit $0.96)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
515/518	648/650	Sep 28	$1.73	$0.77	89%	2.25	$515.77	$649.23
520/522	618/620	Oct 1	$1.79	$0.71	75%	2.52	$520.71	$619.29
528/530	648/650	Sep 28	$1.44	$1.06	89%	1.36	$528.56	$648.94
522/525	648/650	Sep 28	$1.38	$1.12	90%	1.23	$523.62	$648.88
550/552	648/650	Sep 28	$1.38	$1.12	88%	1.23	$551.12	$648.88
542/545	648/650	Sep 28	$1.27	$1.23	88%	1.03	$543.73	$648.77
515/518	640/642	Sep 28	$1.06	$1.44	93%	0.74	$516.44	$641.06
485/488	648/650	Sep 28	$1.10	$1.40	90%	0.79	$486.40	$648.60
540/542	648/650	Sep 28	$1.03	$1.47	90%	0.70	$541.47	$648.53
555/558	648/650	Sep 28	$0.98	$1.52	92%	0.64	$556.52	$648.48

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 379 found (best R:R 3.39, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$590.00	$592.50	$595.00	Sep 28	$0.16	$2.34	22%	14.62
$585.00	$587.50	$590.00	Sep 29	$0.06	$2.44	10%	40.67
$635.00	$640.00	$645.00	Oct 16	$0.07	$4.93	6%	70.43
$597.50	$600.00	$602.50	Sep 28	$0.49	$2.01	37%	4.10
$592.50	$595.00	$597.50	Sep 29	$0.18	$2.32	18%	12.89

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$595.00	$597.50	$600.00	Sep 28	$0.57	$1.93	46%	3.39
$600.00	$602.50	$605.00	Sep 28	$0.16	$2.34	20%	14.62
$597.50	$600.00	$602.50	Sep 29	$0.18	$2.32	18%	12.89
$590.00	$592.50	$595.00	Sep 29	$0.16	$2.34	16%	14.62
$550.00	$555.00	$560.00	Nov 6	$0.06	$4.94	4%	82.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 519 found (best net $-2.53, 472 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$600.00	$610.00	1:2	Oct 7	-$2.10	$7.90
$572.50	$585.00	1:2	Oct 5	-$8.22	$4.28
$592.50	$595.00	1:2	Sep 28	-$0.87	$1.63
$660.00	$675.00	1:2	Oct 1	-$0.13	$14.87
$635.00	$645.00	1:2	Oct 1	-$0.34	$9.66

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$640.00	$620.00	1:2	Sep 28	-$2.53	$17.47
$600.00	$597.50	1:2	Sep 28	-$0.20	$2.30
$602.50	$600.00	1:2	Sep 28	-$1.06	$1.44
$620.00	$610.00	1:2	Oct 1	-$7.28	$2.72
$560.00	$545.00	1:2	Oct 7	-$0.42	$14.58

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 209 found (best yield 4.19%, avg 1.10%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$605.00	Nov 6	$25.00	0.48	1.3%	4.19%	5.50%	166	3
$600.00	Nov 6	$27.25	0.51	0.5%	4.56%	5.04%	173	5
$607.50	Nov 6	$23.80	0.47	1.7%	3.99%	5.72%	5	1
$610.00	Nov 6	$22.70	0.46	2.1%	3.80%	5.95%	1	--
$612.50	Nov 6	$21.50	0.44	2.6%	3.60%	6.17%	4	3
$615.00	Nov 6	$20.55	0.43	3.0%	3.44%	6.43%	3	3
$602.50	Nov 6	$25.30	0.50	0.9%	4.24%	5.13%	1	--
$617.50	Nov 6	$19.55	0.41	3.4%	3.27%	6.68%	5	--
$620.00	Nov 6	$18.60	0.40	3.8%	3.11%	6.94%	13	26
$622.50	Nov 6	$17.65	0.39	4.2%	2.96%	7.20%	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 32,548

Total Puts 43,272

Put/Call Ratio 1.33

Net Difference -10,724

Prior's Put/Call Breakdown

Total Calls 40,273

Total Puts 63,057

Put/Call Ratio 1.57

Net Difference -22,784

Prior 7-Day Put/Call Summary

Total Calls 713,447

Total Puts 1,107,655

Average Put/Call Ratio 1.65

Ratio Trend Falling

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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