SMH - Options Database

SMH

VanEck Semiconductor ETF

$601.29 -0.87%

(9/28 14:00) ◀

Monday, September 28, 2026 (3:00pm)

▶ (9/28 15:13)

◀ 9/28 15:00 ▶

Option Volume

Detail

ℹ

Current (09/28 3:00pm) 141,498

Calls: 51,823 (37%)

Puts: 89,675 (63%)

Prior (09/25) 279,244

Calls: 62,572 (22%)

Puts: 216,672 (78%)

Current vs Prior -49.33%

Calls: -17.18% (Calls)

Puts: -58.61% (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 -45.61%

Calls: -49.15%

Puts: -43.33%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/28 3:00pm) $89.01M

Calls: $57.64M (65%)

Puts: $31.37M (35%)

Prior (09/25) $107.44M

Calls: $72.42M (67%)

Puts: $35.02M (33%)

Current vs Prior -17.15%

Calls: -20.41%

Puts: -10.41%

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 -55.34%

Calls: -52.78%

Puts: -59.39%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/28 3:00pm) 1.73

Prior (09/25) 3.46

Current vs Prior -50.03%

Prior 7-Day Average 1.65

Current vs Prior 7-Day Avg +4.59%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/28 3:00pm) 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 0.59% | 1.55%0.59% | 2.15%3.16% | 4.69%5.94% | 11.48%

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

Current vs Prior -63.99% | -28.23%+28.15% | +30.64%+582.04% | +36.67%-6.48% | -2.05%

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 -60.95% | -26.26%-36.26% | +6.17%+91.43% | +18.41%+42.58% | +14.07%

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 -63.99% | -28.23%+1.16% | +36.36%+438.41% | +33.46%-4.75% | -1.37%

Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 24.04% | 36.96%

Calls: 25.00% | 41.31%

Puts: 23.08% | 32.61%

Prior 40.81% | 37.75%

Calls: 32.73% | 44.60%

Puts: 48.89% | 30.89%

Current vs Prior -41.09% | -2.09%

Prior 7-Day Avg 40.73% | 35.49%

Calls: 44.76% | 47.20%

Puts: 36.69% | 23.78%

Current vs 7-Day Avg -40.97% | +4.15%

Liquidity Expensive

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🤖 AI Insights

Moderately bullish flow with 65% call dollar volume ($57.64M). Below-average activity with volume down 49% vs prior. Extreme bearish P/C ratio of 1.73 - heavy put buying. P/C ratio dropping 50% - sentiment shifting bullish.

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
15:00	BULLISH	BEARISH	BEARISH
14:00	BULLISH	BEARISH	BEARISH
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 511 of results (avg 6.2%, best 1.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$607.50	Oct 30	22.40	22.90	$22.65	2.2%	46	0.48	7
$612.50	Nov 6	23.65	24.20	$23.92	2.3%	4	0.47	3
$482.50	Sep 28	117.80	120.60	$119.20	2.3%	39	0.98	--
$487.50	Sep 28	112.90	115.65	$114.28	2.4%	66	0.98	--
$490.00	Sep 28	110.40	113.10	$111.75	2.4%	22	0.98	3

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$600.00	Oct 2	8.15	8.25	$8.20	1.2%	336	0.46	518
$597.50	Oct 23	17.80	18.30	$18.05	2.8%	8	0.45	70
$600.00	Oct 16	15.75	16.20	$15.98	2.8%	258	0.47	6.3K
$602.50	Oct 16	16.95	17.45	$17.20	2.9%	29	0.50	109
$602.50	Oct 9	13.25	13.65	$13.45	3.0%	79	0.50	50

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 67 found (avg $0.61, cheapest $0.08)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$605.00	Sep 28	0.07	0.08	$0.08	12.5%	1.5K	0.08	58
$617.50	Sep 29	0.31	0.36	$0.34	14.7%	522	0.07	20
$612.50	Sep 29	0.68	0.82	$0.75	18.7%	763	0.15	292
$627.50	Sep 30	0.38	0.44	$0.41	14.6%	61	0.06	17
$630.00	Sep 30	0.31	0.35	$0.33	12.1%	35	0.05	132

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$600.00	Sep 28	0.47	0.53	$0.50	12.0%	1.3K	0.27	647
$585.00	Sep 29	0.37	0.43	$0.40	15.0%	1.4K	0.07	889
$587.50	Sep 29	0.51	0.61	$0.56	17.9%	204	0.10	1.1K
$590.00	Sep 29	0.73	0.87	$0.80	17.5%	428	0.14	106
$570.00	Sep 29	0.10	0.12	$0.11	18.2%	308	0.02	82

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 362 found (avg delta 0.80, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$497.50	Sep 29	102.70	105.90	$104.30	3.1%	2	1.00	--
$515.00	Sep 29	85.20	88.30	$86.75	3.6%	2	1.00	--
$517.50	Sep 29	82.70	85.75	$84.23	3.6%	8	1.00	--
$520.00	Sep 29	80.20	83.35	$81.78	3.9%	12	1.00	1
$522.50	Sep 29	77.70	80.75	$79.22	3.9%	6	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$610.00	Sep 28	6.95	9.90	$8.43	35.0%	23	1.00	10
$612.50	Sep 28	9.40	12.25	$10.83	26.3%	11	1.00	97
$620.00	Sep 28	16.55	19.85	$18.20	18.1%	10	1.00	17
$635.00	Sep 28	31.45	34.85	$33.15	10.3%	33	1.00	--
$640.00	Sep 28	37.40	39.85	$38.63	6.3%	1	1.00	2

Most actively traded options today. High liquidity = easy entry/exit. 948 active (total vol 112.5K, top 19.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$607.50	Sep 28	0.02	0.06	$0.04	100.0%	4.4K	0.03	1.3K
$600.00	Sep 28	1.64	2.11	$1.88	25.0%	1.8K	0.73	1.1K
$602.50	Sep 28	0.41	0.54	$0.48	27.1%	1.8K	0.34	206
$605.00	Sep 28	0.07	0.08	$0.08	12.5%	1.5K	0.08	58
$620.00	Oct 2	2.53	2.66	$2.60	5.0%	1.3K	0.21	2.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$490.00	Oct 2	0.06	0.11	$0.09	55.6%	19.9K	0.01	2.9K
$595.00	Sep 28	0.03	0.06	$0.05	60.0%	1.7K	0.03	485
$585.00	Sep 29	0.37	0.43	$0.40	15.0%	1.4K	0.07	889
$590.00	Sep 28	0.01	0.03	$0.02	100.0%	1.3K	0.01	660
$600.00	Sep 28	0.47	0.53	$0.50	12.0%	1.3K	0.27	647

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 3.8%, max 5.5%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$600.00	Sep 28	Nov 6	36.1%	34.3%	5.5%	2.0K	1.1K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$600.00	Sep 28	Nov 6	36.1%	34.3%	5.5%	1.3K	647
$615.00	Oct 2	Oct 23	35.0%	34.0%	3.1%	--	27
$625.00	Oct 2	Oct 30	35.4%	35.0%	1.2%	3	36

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 599 found (best R:R 42.01, avg 6.96)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$640.00	$680.00	Oct 7	$0.93	$39.07	$0.93	11%	42.01	$640.93
$582.50	$585.00	Sep 30	$1.65	$0.85	$1.65	88%	0.52	$584.15
$680.00	$715.00	Oct 1	$0.56	$34.44	$0.56	6%	61.50	$680.56
$590.00	$592.50	Sep 30	$1.40	$1.10	$1.40	78%	0.79	$591.40
$645.00	$670.00	Oct 5	$0.35	$24.65	$0.35	6%	70.43	$645.35

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$607.50	$605.00	Sep 30	$0.92	$1.58	$0.92	65%	1.72	$606.58
$602.50	$600.00	Nov 6	$0.63	$1.87	$0.63	48%	2.97	$601.87
$580.00	$577.50	Oct 23	$0.23	$2.27	$0.23	32%	9.87	$579.77
$620.00	$615.00	Oct 9	$2.87	$2.13	$2.87	70%	0.74	$617.13
$630.00	$625.00	Oct 16	$3.18	$1.82	$3.18	73%	0.57	$626.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 491 found (best R:R 1.60, avg 0.33)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$610.00	$635.00	Oct 12	$7.65	$7.65	$17.35	58%	0.44	$617.65
$690.00	$705.00	Sep 29	$1.35	$1.35	$13.65	94%	0.10	$691.35
$700.00	$705.00	Sep 28	$0.68	$0.68	$4.32	96%	0.16	$700.68
$652.50	$655.00	Oct 1	$0.68	$0.68	$1.82	92%	0.37	$653.18
$617.50	$620.00	Oct 23	$1.45	$1.45	$1.05	60%	1.38	$618.95

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$500.00	$497.50	Sep 29	$1.54	$1.54	$0.96	94%	1.60	$498.46
$505.00	$502.50	Sep 29	$1.54	$1.54	$0.96	94%	1.60	$503.46
$522.50	$520.00	Oct 1	$1.04	$1.04	$1.46	94%	0.71	$521.46
$522.50	$520.00	Sep 30	$0.74	$0.74	$1.76	96%	0.42	$521.76
$492.50	$490.00	Sep 30	$0.68	$0.68	$1.82	97%	0.37	$491.82

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $2.95, cheapest $2.91)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$602.50	Sep 28	Sep 29	$3.02	32.4%	31.5%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$602.50	Sep 28	Sep 29	$2.91	32.4%	31.5%
$617.50	Oct 16	Oct 23	$2.92	32.9%	34.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 277 found (cheapest 0.36% of stock, avg 5.89%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$602.50	Sep 28	$0.48	$1.69	$2.17	$600.33	$604.67	0.36%
$600.00	Sep 28	$1.88	$0.50	$2.38	$597.62	$602.38	0.40%
$605.00	Sep 28	$0.08	$3.55	$3.63	$601.37	$608.63	0.60%
$597.50	Sep 28	$4.20	$0.14	$4.34	$593.16	$601.84	0.72%
$607.50	Sep 28	$0.04	$5.63	$5.67	$601.83	$613.17	0.94%
$595.00	Sep 28	$6.83	$0.05	$6.88	$588.12	$601.88	1.14%
$600.00	Sep 29	$4.72	$3.28	$8.00	$592.00	$608.00	1.33%
$602.50	Sep 29	$3.50	$4.60	$8.10	$594.40	$610.60	1.35%
$605.00	Sep 29	$2.46	$5.83	$8.29	$596.71	$613.29	1.38%
$610.00	Sep 28	$0.03	$8.43	$8.46	$601.54	$618.46	1.41%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 336 found (cheapest 0.04% of stock, avg 3.38%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$605.00	$597.50	Sep 28	$0.08	$0.14	$0.22	$597.28	$605.22
$605.00	$600.00	Sep 28	$0.08	$0.50	$0.58	$599.42	$605.58
$602.50	$597.50	Sep 28	$0.48	$0.14	$0.62	$596.88	$603.12
$645.00	$597.50	Sep 28	$0.69	$0.14	$0.83	$596.67	$645.83
$655.00	$597.50	Sep 28	$0.69	$0.14	$0.83	$596.67	$655.83
$602.50	$600.00	Sep 28	$0.48	$0.50	$0.98	$599.02	$603.48
$645.00	$600.00	Sep 28	$0.69	$0.50	$1.19	$598.81	$646.19
$655.00	$600.00	Sep 28	$0.69	$0.50	$1.19	$598.81	$656.19
$612.50	$590.00	Sep 29	$0.75	$0.80	$1.55	$588.45	$614.05
$612.50	$592.50	Sep 29	$0.75	$1.15	$1.90	$590.60	$614.40

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 532 found (best R:R 1.94, avg credit $1.00)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
498/500	618/620	Sep 29	$1.65	$0.85	87%	1.94	$498.35	$619.15
502/505	618/620	Sep 29	$1.65	$0.85	86%	1.94	$503.35	$619.15
498/500	615/618	Sep 29	$1.70	$0.80	84%	2.12	$498.30	$616.70
502/505	615/618	Sep 29	$1.70	$0.80	83%	2.12	$503.30	$616.70
498/500	612/615	Sep 29	$1.79	$0.71	79%	2.52	$498.21	$614.29
498/500	608/610	Sep 29	$2.12	$0.38	66%	5.58	$497.88	$609.62
502/505	612/615	Sep 29	$1.79	$0.71	79%	2.52	$503.21	$614.29
502/505	608/610	Sep 29	$2.12	$0.38	66%	5.58	$502.88	$609.62
498/500	610/612	Sep 29	$1.92	$0.58	73%	3.31	$498.08	$611.92
502/505	610/612	Sep 29	$1.92	$0.58	73%	3.31	$503.08	$611.92

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 429 found (best R:R 2.73, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$600.00	$602.50	$605.00	Sep 28	$1.00	$1.50	65%	1.50
$592.50	$595.00	$597.50	Sep 29	$0.11	$2.39	15%	21.73
$602.50	$605.00	$607.50	Sep 28	$0.36	$2.14	31%	5.94
$600.00	$602.50	$605.00	Sep 29	$0.18	$2.32	19%	12.89
$597.50	$600.00	$602.50	Sep 29	$0.19	$2.31	20%	12.16

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$600.00	$602.50	$605.00	Sep 28	$0.67	$1.83	65%	2.73
$602.50	$605.00	$607.50	Sep 28	$0.22	$2.28	30%	10.36
$597.50	$600.00	$602.50	Sep 28	$0.83	$1.67	57%	2.01
$575.00	$580.00	$585.00	Oct 6	$0.16	$4.84	9%	30.25
$595.00	$597.50	$600.00	Sep 28	$0.27	$2.23	24%	8.26

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 554 found (best net $-13.35, 508 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$522.50	$550.00	1:2	Sep 29	-$24.04	$3.46
$595.00	$610.00	1:2	Oct 12	-$3.98	$11.02
$580.00	$595.00	1:2	Oct 12	-$7.51	$7.49
$675.00	$700.00	1:2	Nov 6	-$0.68	$24.32
$600.00	$610.00	1:2	Oct 7	-$3.33	$6.67

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$680.00	$647.50	1:2	Sep 28	-$13.35	$19.15
$645.00	$620.00	1:2	Oct 9	-$3.17	$21.83
$635.00	$620.00	1:2	Sep 28	-$3.25	$11.75
$620.00	$612.50	1:2	Sep 28	-$3.46	$4.04
$585.00	$570.00	1:2	Oct 12	-$0.70	$14.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 210 found (best yield 3.93%, avg 1.10%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$612.50	Nov 6	$23.65	0.47	1.9%	3.93%	5.80%	4	3
$610.00	Nov 6	$24.45	0.48	1.4%	4.07%	5.51%	4	--
$617.50	Nov 6	$21.45	0.44	2.7%	3.57%	6.26%	5	--
$620.00	Nov 6	$20.40	0.43	3.1%	3.39%	6.50%	31	26
$615.00	Nov 6	$22.20	0.45	2.3%	3.69%	5.97%	21	3
$607.50	Nov 6	$25.25	0.49	1.0%	4.20%	5.23%	9	1
$605.00	Nov 6	$26.15	0.51	0.6%	4.35%	4.97%	166	3
$622.50	Nov 6	$19.20	0.41	3.5%	3.19%	6.72%	10	--
$602.50	Nov 6	$27.15	0.52	0.2%	4.52%	4.72%	5	--
$625.00	Nov 6	$18.30	0.40	3.9%	3.04%	6.99%	12	4

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 51,823

Total Puts 89,675

Put/Call Ratio 1.73

Net Difference -37,852

Prior's Put/Call Breakdown

Total Calls 62,572

Total Puts 216,672

Put/Call Ratio 3.46

Net Difference -154,100

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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