SMH - Options Database

SMH

VanEck Semiconductor ETF

$599.64 -1.14%

(9/28 12:00) ◀

Monday, September 28, 2026 (1:00pm)

▶ (9/28 14:00)

◀ 9/28 13:00 ▶

Option Volume

Detail

ℹ

Current (09/28 1:00pm) 93,991

Calls: 42,240 (45%)

Puts: 51,751 (55%)

Prior (09/25) 126,696

Calls: 52,000 (41%)

Puts: 74,696 (59%)

Current vs Prior -25.81%

Calls: -18.77% (Calls)

Puts: -30.72% (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 -63.87%

Calls: -58.56%

Puts: -67.30%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/28 1:00pm) $69.32M

Calls: $43.05M (62%)

Puts: $26.27M (38%)

Prior (09/25) $91.45M

Calls: $61.86M (68%)

Puts: $29.59M (32%)

Current vs Prior -24.20%

Calls: -30.40%

Puts: -11.22%

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 -65.22%

Calls: -64.73%

Puts: -65.99%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/28 1:00pm) 1.23

Prior (09/25) 1.44

Current vs Prior -14.71%

Prior 7-Day Average 1.65

Current vs Prior 7-Day Avg -25.95%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/28 1:00pm) 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 0.77% | 1.66%0.77% | 2.31%3.26% | 4.71%6.22% | 11.57%

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

Current vs Prior -53.16% | -22.93%+66.67% | +40.21%+603.02% | +37.44%-2.04% | -1.27%

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 -49.22% | -20.81%-17.10% | +13.95%+97.32% | +19.07%+49.35% | +14.97%

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 -53.16% | -22.93%+31.57% | +46.35%+454.97% | +34.22%-0.23% | -0.59%

Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 18.45% | 22.07%

Calls: 26.04% | 25.09%

Puts: 10.86% | 19.05%

Prior 40.81% | 37.75%

Calls: 32.73% | 44.60%

Puts: 48.89% | 30.89%

Current vs Prior -54.79% | -41.54%

Prior 7-Day Avg 40.73% | 35.49%

Calls: 44.76% | 47.20%

Puts: 36.69% | 23.78%

Current vs 7-Day Avg -54.70% | -37.81%

Liquidity Expensive

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🤖 AI Insights

Moderately bullish flow with 62% call dollar volume ($43.05M). Bearish P/C ratio of 1.23 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 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
13:00	BULLISH	BEARISH	BEARISH
12:00	BEARISH	BEARISH	BEARISH
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 487 of results (avg 6.2%, best 2.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$482.50	Sep 28	116.05	118.70	$117.38	2.3%	36	1.00	--
$492.50	Sep 28	106.05	108.70	$107.38	2.5%	38	0.94	3
$607.50	Oct 30	21.50	22.05	$21.78	2.5%	34	0.47	7
$485.00	Oct 16	115.20	118.30	$116.75	2.7%	--	0.98	127
$610.00	Oct 30	20.35	20.90	$20.63	2.7%	53	0.46	179

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$605.00	Nov 6	28.75	29.55	$29.15	2.7%	18	0.50	2
$600.00	Nov 6	26.30	27.05	$26.68	2.8%	8	0.48	--
$567.50	Oct 9	3.40	3.50	$3.45	2.9%	118	0.17	616
$705.00	Oct 16	103.15	106.65	$104.90	3.3%	--	1.00	25
$602.50	Oct 30	24.40	25.30	$24.85	3.6%	21	0.49	9

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 62 found (avg $0.63, cheapest $0.30)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$602.50	Sep 28	0.44	0.51	$0.48	14.6%	1.6K	0.22	206
$612.50	Sep 29	0.60	0.72	$0.66	18.2%	692	0.12	292
$610.00	Sep 29	0.89	1.05	$0.97	16.5%	132	0.17	81
$627.50	Sep 30	0.36	0.43	$0.40	17.5%	60	0.06	17
$620.00	Sep 30	0.73	0.83	$0.78	12.8%	529	0.11	97

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$595.00	Sep 28	0.28	0.31	$0.30	10.0%	1.3K	0.14	485
$597.50	Sep 28	0.70	0.77	$0.74	9.5%	621	0.30	165
$582.50	Sep 29	0.40	0.46	$0.43	14.0%	180	0.08	127
$585.00	Sep 29	0.54	0.63	$0.59	15.3%	477	0.10	889
$587.50	Sep 29	0.75	0.88	$0.82	15.9%	119	0.14	1.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 352 found (avg delta 0.79, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$480.00	Sep 28	118.45	121.90	$120.18	2.9%	34	1.00	--
$482.50	Sep 28	116.05	118.70	$117.38	2.3%	36	1.00	--
$485.00	Sep 28	113.20	116.30	$114.75	2.7%	63	1.00	--
$500.00	Sep 28	98.55	101.80	$100.18	3.2%	27	1.00	12
$502.50	Sep 28	96.00	99.25	$97.63	3.3%	11	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$650.00	Sep 30	48.15	51.50	$49.83	6.7%	2	1.00	1
$690.00	Oct 1	88.10	91.60	$89.85	3.9%	29	1.00	--
$705.00	Oct 16	103.15	106.65	$104.90	3.3%	--	1.00	25
$620.00	Sep 28	18.25	21.80	$20.02	17.7%	10	0.99	17
$647.50	Oct 5	46.05	49.55	$47.80	7.3%	1	0.99	--

Most actively traded options today. High liquidity = easy entry/exit. 892 active (total vol 73.6K, top 3.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$607.50	Sep 28	0.06	0.09	$0.08	37.5%	3.8K	0.04	1.3K
$602.50	Sep 28	0.44	0.51	$0.48	14.6%	1.6K	0.22	206
$600.00	Sep 28	1.16	1.37	$1.27	16.5%	1.4K	0.45	1.1K
$630.00	Oct 16	6.25	6.65	$6.45	6.2%	1.3K	0.26	8.4K
$620.00	Oct 2	2.28	2.53	$2.40	10.4%	1.1K	0.20	2.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$595.00	Sep 28	0.28	0.31	$0.30	10.0%	1.3K	0.14	485
$590.00	Sep 28	0.05	0.09	$0.07	57.1%	1.3K	0.03	660
$592.50	Sep 28	0.12	0.15	$0.14	21.4%	1.2K	0.07	323
$565.00	Oct 16	5.40	5.70	$5.55	5.4%	887	0.21	2.2K
$600.00	Sep 28	1.65	1.84	$1.75	10.9%	851	0.55	647

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 7.6%, max 7.6%)

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	35.4%	32.9%	7.6%	--	27

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 594 found (best R:R 52.33, avg 7.47)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$640.00	$680.00	Oct 7	$0.75	$39.25	$0.75	10%	52.33	$640.75
$612.50	$615.00	Nov 6	$0.42	$2.08	$0.42	46%	4.95	$612.92
$600.00	$602.50	Oct 1	$0.54	$1.96	$0.54	52%	3.63	$600.54
$615.00	$617.50	Oct 23	$0.45	$2.05	$0.45	41%	4.56	$615.45
$645.00	$670.00	Oct 5	$0.35	$24.65	$0.35	7%	70.43	$645.35

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$587.50	$585.00	Nov 6	$0.32	$2.18	$0.32	40%	6.81	$587.18
$605.00	$602.50	Sep 28	$1.50	$1.00	$1.50	91%	0.67	$603.50
$610.00	$605.00	Nov 6	$2.00	$3.00	$2.00	53%	1.50	$608.00
$595.00	$592.50	Oct 7	$0.45	$2.05	$0.45	42%	4.56	$594.55
$590.00	$587.50	Oct 5	$0.28	$2.22	$0.28	32%	7.93	$589.72

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 494 found (best R:R 0.09, avg 0.35)

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
$610.00	$635.00	Oct 12	$6.92	$6.92	$18.08	60%	0.38	$616.92
$700.00	$705.00	Sep 28	$0.97	$0.97	$4.03	95%	0.24	$700.97
$645.00	$647.50	Sep 28	$0.92	$0.92	$1.58	92%	0.58	$645.92
$602.50	$605.00	Oct 1	$1.95	$1.95	$0.55	53%	3.55	$604.45

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$585.00	$582.50	Nov 6	$2.00	$2.00	$0.50	61%	4.00	$583.00
$517.50	$515.00	Sep 28	$1.04	$1.04	$1.46	95%	0.71	$516.46
$522.50	$520.00	Oct 1	$1.07	$1.07	$1.43	94%	0.75	$521.43
$585.00	$560.00	Oct 12	$5.17	$5.17	$19.83	68%	0.26	$579.83
$577.50	$575.00	Nov 6	$1.57	$1.57	$0.93	65%	1.69	$575.93

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $2.60, cheapest $2.30)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$600.00	Sep 28	Sep 29	$2.78	32.5%	31.2%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$597.50	Sep 28	Sep 29	$2.30	33.7%	30.6%
$600.00	Sep 28	Sep 29	$2.45	32.5%	31.2%
$617.50	Oct 16	Oct 23	$2.87	32.5%	33.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 282 found (cheapest 0.50% of stock, avg 5.97%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$600.00	Sep 28	$1.27	$1.75	$3.02	$596.98	$603.02	0.50%
$597.50	Sep 28	$2.88	$0.74	$3.62	$593.88	$601.12	0.60%
$602.50	Sep 28	$0.48	$3.45	$3.93	$598.57	$606.43	0.66%
$605.00	Sep 28	$0.16	$4.95	$5.11	$599.89	$610.11	0.85%
$595.00	Sep 28	$5.18	$0.30	$5.48	$589.52	$600.48	0.91%
$607.50	Sep 28	$0.08	$7.38	$7.46	$600.04	$614.96	1.24%
$592.50	Sep 28	$7.50	$0.14	$7.64	$584.86	$600.14	1.27%
$602.50	Sep 29	$2.91	$5.13	$8.04	$594.46	$610.54	1.34%
$600.00	Sep 29	$4.05	$4.20	$8.25	$591.75	$608.25	1.38%
$597.50	Sep 29	$5.78	$3.04	$8.82	$588.68	$606.32	1.47%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 346 found (cheapest 0.05% of stock, avg 3.22%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$605.00	$592.50	Sep 28	$0.16	$0.14	$0.30	$592.20	$605.30
$605.00	$595.00	Sep 28	$0.16	$0.30	$0.46	$594.54	$605.46
$602.50	$592.50	Sep 28	$0.48	$0.14	$0.62	$591.88	$603.12
$602.50	$595.00	Sep 28	$0.48	$0.30	$0.78	$594.22	$603.28
$605.00	$597.50	Sep 28	$0.16	$0.74	$0.90	$596.60	$605.90
$605.00	$545.00	Sep 28	$0.16	$0.99	$1.15	$543.85	$606.15
$645.00	$592.50	Sep 28	$1.08	$0.14	$1.22	$591.28	$646.22
$655.00	$592.50	Sep 28	$1.10	$0.14	$1.24	$591.26	$656.24
$605.00	$537.50	Sep 28	$0.16	$1.09	$1.25	$536.25	$606.25
$602.50	$597.50	Sep 28	$0.48	$0.74	$1.22	$596.28	$603.72

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 503 found (best R:R 3.63, avg credit $0.94)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
515/518	645/648	Sep 28	$1.96	$0.54	87%	3.63	$515.54	$646.96
515/518	700/705	Sep 28	$2.01	$2.99	91%	0.67	$515.49	$702.01
502/505	645/648	Sep 28	$1.45	$1.05	89%	1.38	$503.55	$646.45
542/545	645/648	Sep 28	$1.51	$0.99	86%	1.53	$543.49	$646.51
522/525	645/648	Sep 28	$1.42	$1.08	88%	1.31	$523.58	$646.42
550/552	645/648	Sep 28	$1.42	$1.08	87%	1.31	$551.08	$646.42
502/505	700/705	Sep 28	$1.50	$3.50	92%	0.43	$503.50	$701.50
528/530	645/648	Sep 28	$1.38	$1.12	87%	1.23	$528.62	$646.38
522/525	700/705	Sep 28	$1.47	$3.53	92%	0.42	$523.53	$701.47
515/518	640/642	Sep 28	$1.25	$1.25	92%	1.00	$516.25	$641.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 408 found (best R:R 44.45, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$602.50	$607.50	$612.50	Oct 8	$0.11	$4.89	12%	44.45
$595.00	$597.50	$600.00	Sep 29	$0.09	$2.41	19%	26.78
$592.50	$595.00	$597.50	Sep 29	$0.08	$2.42	16%	30.25
$580.00	$595.00	$610.00	Oct 12	$2.73	$12.27	32%	4.49
$600.00	$602.50	$605.00	Sep 28	$0.47	$2.03	36%	4.32

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$615.00	$620.00	$625.00	Oct 2	$0.11	$4.89	12%	44.45
$575.00	$580.00	$585.00	Oct 6	$0.15	$4.85	10%	32.33
$597.50	$600.00	$602.50	Sep 28	$0.69	$1.81	48%	2.62
$597.50	$600.00	$602.50	Sep 30	$0.10	$2.40	14%	24.00
$595.00	$597.50	$600.00	Sep 28	$0.57	$1.93	41%	3.39

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 533 found (best net $-14.78, 482 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$595.00	$610.00	1:2	Oct 12	-$2.60	$12.40
$580.00	$595.00	1:2	Oct 12	-$7.27	$7.73
$595.00	$597.50	1:2	Sep 28	-$0.58	$1.92
$620.00	$630.00	1:2	Oct 6	-$0.93	$9.07
$645.00	$670.00	1:2	Oct 5	-$0.08	$24.92

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$680.00	$647.50	1:2	Sep 28	-$14.78	$17.72
$645.00	$620.00	1:2	Oct 9	-$3.66	$21.34
$635.00	$620.00	1:2	Sep 28	-$5.12	$9.88
$620.00	$612.50	1:2	Sep 28	-$4.74	$2.76
$620.00	$610.00	1:2	Oct 1	-$5.84	$4.16

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 212 found (best yield 4.36%, avg 1.16%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$605.00	Nov 6	$26.15	0.50	0.9%	4.36%	5.25%	166	3
$607.50	Nov 6	$24.95	0.49	1.3%	4.16%	5.47%	9	1
$600.00	Nov 6	$28.40	0.53	0.1%	4.74%	4.80%	181	5
$610.00	Nov 6	$23.75	0.47	1.7%	3.96%	5.69%	4	--
$612.50	Nov 6	$22.65	0.46	2.1%	3.78%	5.92%	4	3
$615.00	Nov 6	$21.55	0.45	2.6%	3.59%	6.16%	18	3
$617.50	Nov 6	$20.60	0.43	3.0%	3.44%	6.41%	5	--
$620.00	Nov 6	$19.70	0.42	3.4%	3.29%	6.68%	28	26
$602.50	Nov 6	$26.75	0.51	0.5%	4.46%	4.94%	5	--
$622.50	Nov 6	$18.70	0.40	3.8%	3.12%	6.93%	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 42,240

Total Puts 51,751

Put/Call Ratio 1.23

Net Difference -9,511

Prior's Put/Call Breakdown

Total Calls 52,000

Total Puts 74,696

Put/Call Ratio 1.44

Net Difference -22,696

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

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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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