Tour v528
CIFR
CIPHER DIGITAL INC
$18.90 +3.05%
$18.89 (-0.05%)🌙
as of 09/21 06:01 PM
(9/18 18:01) ◀
|
Monday, September 21, 2026 (6:01pm)
January 2026
|
▶
◀ 9/21 18:01

Option Volume

Detail
ℹ
Current (09/21) 176,985
Calls: 83,675 (47%)
Puts: 93,310 (53%)
Prior (09/18) 166,713
Calls: 118,748 (71%)
Puts: 47,965 (29%)
Current vs Prior +6.16%
Calls: -29.54% (Calls)
Puts: +94.54% (Puts)
Prior 7-Day Total 1,016,520
Calls: 716,483 (70%)
Puts: 300,037 (30%)
Prior 7-Day Average 169,420
Calls: 102,354 (70%)
Puts: 42,862 (30%)
Current vs Prior 7-Day Avg +4.47%
Calls: -18.25%
Puts: +117.70%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (09/21) $21.90M
Calls: $15.23M (70%)
Puts: $6.67M (30%)
Prior (09/18) $17.41M
Calls: $15.21M (87%)
Puts: $2.19M (13%)
Current vs Prior +25.80%
Calls: +0.11%
Puts: +203.88%
Prior 7-Day Total $99.04M
Calls: $67.03M (68%)
Puts: $32.01M (32%)
Prior 7-Day Average $16.51M
Calls: $9.58M (68%)
Puts: $4.57M (32%)
Current vs Prior 7-Day Avg +32.67%
Calls: +59.06%
Puts: +45.84%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (09/21) 1.12
Prior (09/18) 0.40
Current vs Prior +176.08%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg +164.97%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (09/21) 1,416,445
Calls: 983,392 (69%)
Puts: 433,053 (31%)
Prior (09/18) 1,764,604
Calls: 1,252,127 (71%)
Puts: 512,477 (29%)
Current vs Prior -19.73%
Prior 7-Day Total 10,307,090
Calls: 7,334,884 (71%)
Puts: 2,972,206 (29%)
Prior 7-Day Average 1,717,848
Calls: 1,222,480 (71%)
Puts: 495,367 (29%)
Current vs Prior 7-Day Avg -17.55%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)
Current 10.74% | 15.50%21.85% | 33.60%
Prior 11.61% | 15.76%3.16% | 20.67%
Current vs Prior -7.52% | -1.62%+590.97% | +62.58%
Prior 7-Day Avg 10.41% | 15.00%9.00% | 22.44%
Current vs 7-Day Avg +3.22% | +3.38%+142.89% | +49.74%
Prior 7-Day Eod 11.61% | 15.76%3.16% | 20.67%
Current vs 7-Day Eod -7.52% | -1.62%+590.97% | +62.58%
Sentiment BULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 15.28% | 7.20%
Calls: 16.00% | 6.56%
Puts: 14.55% | 7.84%
Prior 15.28% | 7.20%
Calls: 16.00% | 6.56%
Puts: 14.55% | 7.84%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 13.95% | 9.87%
Calls: 15.02% | 12.21%
Puts: 12.86% | 7.53%
Current vs 7-Day Avg +9.57% | -27.04%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 70% call dollar volume ($15.23M). Slightly bearish P/C ratio of 1.12. P/C ratio rising 176% - increased hedging/bearish positioning. Call-heavy open interest (983,392 calls vs 433,053 puts) suggests bullish 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 NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 14 of results (avg 7.6%, best 5.3%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Oct 161.471.55$1.515.3%4.8K0.4724.6K
$19.00Oct 161.861.98$1.926.2%1.7K0.552.2K
$18.00Oct 162.312.47$2.396.7%7890.627.2K
$17.00Oct 162.833.05$2.947.5%2000.7110.0K
$21.00Sep 250.250.27$0.267.7%1.6K0.216.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$18.00Oct 20.860.91$0.895.6%17.5K0.36795
$22.00Oct 163.854.10$3.976.3%260.6717.1K
$17.00Oct 160.981.06$1.027.8%4840.294.7K
$19.50Oct 21.581.72$1.658.5%150.54123
$19.00Sep 250.870.96$0.929.8%1.1K0.49298

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 17 found (avg $0.61, cheapest $0.14)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Sep 250.130.15$0.1414.3%5.6K0.134.2K
$21.00Sep 250.250.27$0.267.7%1.6K0.216.2K
$20.00Sep 250.450.50$0.4810.4%6.7K0.3417.4K
$19.50Sep 250.580.67$0.6314.3%2.0K0.421.9K
$19.00Sep 250.790.88$0.8410.7%3.4K0.517.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$17.00Sep 250.190.23$0.2119.0%1.7K0.171.4K
$18.00Sep 250.450.53$0.4916.3%2.8K0.321.0K
$18.50Sep 250.630.71$0.6711.9%1.6K0.40259
$19.00Sep 250.870.96$0.929.8%1.1K0.49298
$17.00Oct 20.480.57$0.5217.3%2610.25831

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 79 found (avg delta 0.68, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$15.50Sep 253.053.90$3.4724.5%60.951.9K
$16.00Sep 252.363.45$2.9137.5%1310.932.6K
$16.50Sep 252.192.70$2.4520.8%370.891.5K
$15.50Oct 23.103.95$3.5324.1%10.881.6K
$15.50Oct 92.964.25$3.6135.7%--0.8545
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.50Sep 253.154.65$3.9038.5%300.90--
$22.00Sep 252.843.85$3.3530.1%110.8794
$21.50Sep 252.673.35$3.0122.6%--0.8412
$22.50Oct 23.804.30$4.0512.3%50.801
$22.00Oct 23.353.95$3.6516.4%2520.80304

Most actively traded options today. High liquidity = easy entry/exit. 152 active (total vol 113.9K, top 17.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Sep 250.450.50$0.4810.4%6.7K0.3417.4K
$22.00Sep 250.130.15$0.1414.3%5.6K0.134.2K
$22.00Oct 160.890.98$0.949.6%5.5K0.3317.9K
$20.00Oct 161.471.55$1.515.3%4.8K0.4724.6K
$19.00Sep 250.790.88$0.8410.7%3.4K0.517.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$18.00Oct 20.860.91$0.895.6%17.5K0.36795
$19.00Oct 21.271.53$1.4018.6%17.1K0.48395
$15.50Sep 250.040.07$0.0650.0%11.3K0.0511.7K
$17.50Sep 250.290.37$0.3324.2%5.8K0.242.5K
$18.00Sep 250.450.53$0.4916.3%2.8K0.321.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 20 strikes (avg 15.0%, max 23.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$21.00Sep 25Oct 30117.1%94.6%23.8%1.7K6.2K
$17.00Sep 25Oct 30113.6%95.4%19.1%5433.0K
$20.00Sep 25Oct 30114.2%95.9%19.1%6.8K17.5K
$18.00Sep 25Oct 30114.2%96.8%17.9%1.3K6.5K
$18.50Sep 25Oct 30111.3%96.8%15.0%6922.6K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$21.00Sep 25Oct 30117.1%94.6%23.8%8095
$17.00Sep 25Oct 30113.6%95.4%19.1%1.8K1.5K
$20.00Sep 25Oct 30114.2%95.9%19.1%90205
$18.00Sep 25Oct 30114.2%96.8%17.9%2.8K1.0K
$18.50Sep 25Oct 30111.3%96.8%15.0%1.9K264

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 92 found (best R:R 1.50, avg 1.56)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$15.50$16.00Oct 9$0.20$0.30$0.2085%1.50$15.70
$17.00$17.50Oct 23$0.13$0.37$0.1369%2.85$17.13
$17.00$17.50Oct 16$0.15$0.35$0.1571%2.33$17.15
$16.00$16.50Oct 16$0.21$0.29$0.2178%1.38$16.21
$15.50$16.00Oct 2$0.27$0.23$0.2788%0.85$15.77
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$22.00$21.50Oct 2$0.22$0.28$0.2280%1.27$21.78
$18.50$18.00Oct 16$0.12$0.38$0.1242%3.17$18.38
$18.50$18.00Oct 23$0.14$0.36$0.1442%2.57$18.36
$19.00$18.50Oct 9$0.16$0.34$0.1646%2.12$18.84
$17.00$16.50Oct 30$0.12$0.38$0.1232%3.17$16.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 54 found (best R:R 1.94, avg 0.67)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$21.50$22.00Oct 2$0.18$0.18$0.3274%0.56$21.68
$21.50$22.00Oct 30$0.24$0.24$0.2660%0.92$21.74
$20.00$20.50Oct 2$0.23$0.23$0.2759%0.85$20.23
$19.00$19.50Oct 30$0.31$0.31$0.1945%1.63$19.31
$19.50$20.00Oct 9$0.26$0.26$0.2450%1.08$19.76
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$17.50$17.00Oct 16$0.33$0.33$0.1766%1.94$17.17
$17.50$17.00Oct 2$0.28$0.28$0.2269%1.27$17.22
$17.50$17.00Oct 23$0.30$0.30$0.2065%1.50$17.20
$18.00$17.50Oct 23$0.32$0.32$0.1862%1.78$17.68
$16.50$16.00Oct 30$0.25$0.25$0.2571%1.00$16.25

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $0.41, cheapest $0.22)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$18.00Sep 25Oct 2$0.22114.2%100.0%
$18.50Sep 25Oct 2$0.42111.3%99.7%
$20.00Sep 25Oct 2$0.42114.2%103.8%
$19.50Sep 25Oct 2$0.44111.9%102.9%
$19.00Sep 25Oct 2$0.45112.1%103.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$18.00Sep 25Oct 2$0.40114.2%100.0%
$18.50Sep 25Oct 2$0.44111.3%99.7%
$20.00Sep 25Oct 2$0.58114.2%103.8%
$19.50Sep 25Oct 2$0.25111.9%102.9%
$19.00Sep 25Oct 2$0.48112.1%103.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 36 found (cheapest 9.31% of stock, avg 18.27%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$19.00Sep 25$0.84$0.92$1.76$17.24$20.769.31%
$18.50Sep 25$1.11$0.67$1.78$16.72$20.289.42%
$18.00Sep 25$1.41$0.49$1.90$16.10$19.9010.05%
$20.00Sep 25$0.48$1.49$1.97$18.03$21.9710.42%
$19.50Sep 25$0.63$1.40$2.03$17.47$21.5310.74%
$17.50Sep 25$1.81$0.33$2.14$15.36$19.6411.32%
$20.50Sep 25$0.34$2.13$2.47$18.03$22.9713.07%
$18.00Oct 2$1.63$0.89$2.52$15.48$20.5213.33%
$18.50Oct 2$1.53$1.11$2.64$15.86$21.1413.97%
$19.00Oct 2$1.29$1.40$2.69$16.31$21.6914.23%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.06% of stock, avg 12.91%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$21.50$17.00Sep 25$0.18$0.21$0.39$16.61$21.89
$21.00$17.00Sep 25$0.26$0.21$0.47$16.53$21.47
$21.50$17.50Sep 25$0.18$0.33$0.51$16.99$22.01
$21.00$17.50Sep 25$0.26$0.33$0.59$16.91$21.59
$20.50$17.00Sep 25$0.34$0.21$0.55$16.45$21.05
$20.50$17.50Sep 25$0.34$0.33$0.67$16.83$21.17
$21.50$18.00Sep 25$0.18$0.49$0.67$17.33$22.17
$20.00$17.00Sep 25$0.48$0.21$0.69$16.31$20.69
$21.00$18.00Sep 25$0.26$0.49$0.75$17.25$21.75
$20.50$18.00Sep 25$0.34$0.49$0.83$17.17$21.33

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 10 found (best R:R 3.55, avg credit $0.29)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
17/1821/22Oct 2$0.39$0.1138%3.55$17.11$21.39
16/1622/22Oct 9$0.32$0.1848%1.78$15.68$21.82
16/1622/22Oct 2$0.29$0.2154%1.38$16.21$21.79
16/1722/22Oct 2$0.30$0.2049%1.50$16.70$21.80
16/1622/22Oct 9$0.30$0.2044%1.50$16.20$21.80
17/1820/20Sep 25$0.26$0.2442%1.08$17.24$20.26
18/1820/20Sep 25$0.30$0.2034%1.50$17.70$20.30
16/1621/22Oct 2$0.22$0.2850%0.79$16.28$21.22
17/1822/22Oct 9$0.27$0.2337%1.17$17.23$21.77
16/1721/22Oct 2$0.23$0.2745%0.85$16.77$21.23

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 51 found (best R:R 7.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$18.50$19.00$19.50Sep 25$0.06$0.4418%7.33
$19.00$19.50$20.00Sep 25$0.06$0.4417%7.33
$20.00$20.50$21.00Sep 25$0.06$0.4413%7.33
$21.50$22.00$22.50Oct 16$0.05$0.455%9.00
$16.00$16.50$17.00Oct 30$0.06$0.446%7.33
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$19.00$20.00$21.00Oct 30$0.09$0.9113%10.11
$18.00$18.50$19.00Sep 25$0.07$0.4318%6.14
$18.00$18.50$19.00Oct 2$0.07$0.4312%6.14
$16.00$16.50$17.00Oct 23$0.07$0.437%6.14
$18.00$18.50$19.00Oct 30$0.08$0.426%5.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 24 found (best net $-1.17, 24 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$21.00$21.501:2Sep 25-$0.10$0.40
$21.50$22.001:2Oct 2-$0.14$0.36
$21.50$22.001:2Sep 25-$0.10$0.40
$20.00$20.501:2Sep 25-$0.20$0.30
$20.50$21.001:2Sep 25-$0.18$0.32
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$22.50$20.001:2Oct 23-$1.17$1.33
$17.00$16.501:2Sep 25-$0.05$0.45
$17.50$17.001:2Sep 25-$0.09$0.41
$18.00$17.501:2Sep 25-$0.17$0.33
$16.00$15.501:2Oct 2-$0.13$0.37

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 46 found (best yield 7.04%, avg 5.28%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$21.50Oct 30$1.330.4013.8%7.04%20.79%--110
$22.00Oct 30$1.140.3716.4%6.03%22.43%1692
$20.50Oct 30$1.540.468.5%8.15%16.61%1016
$19.00Oct 30$2.170.550.5%11.48%12.01%7325
$21.00Oct 23$1.300.4111.1%6.88%17.99%39539
$22.00Oct 23$1.070.3516.4%5.66%22.06%20927
$21.50Oct 23$1.120.3813.8%5.93%19.68%2043
$20.50Oct 23$1.400.448.5%7.41%15.87%623
$20.00Oct 30$1.550.485.8%8.20%14.02%7678
$19.50Oct 23$1.740.513.2%9.21%12.38%3736

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 83,675
Total Puts 93,310
Put/Call Ratio 1.12
Net Difference -9,635

Prior's Put/Call Breakdown

Total Calls 118,748
Total Puts 47,965
Put/Call Ratio 0.40
Net Difference 70,783

Prior 7-Day Put/Call Summary

Total Calls 716,483
Total Puts 300,037
Average Put/Call Ratio 0.42
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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Chart Title

Price — Past 7 Days

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