Tour v394
CMS
CMS ENERGY CORP
$74.15 +0.23%
(7/22 18:57) ◀
|
Thursday, July 23, 2026 (6:21pm)
January 2026
|
▶ (7/24 02:01)
◀ 7/23 18:21 ▶

Option Volume

Detail
ℹ
Current (07/23) 8
Calls: 2 (25%)
Puts: 6 (75%)
Prior (07/22) 81
Calls: 75 (93%)
Puts: 6 (7%)
Current vs Prior -90.12%
Calls: -97.33% (Calls)
Puts: +0.00% (Puts)
Prior 7-Day Total 1,180
Calls: 1,036 (88%)
Puts: 144 (12%)
Prior 7-Day Average 168
Calls: 148 (88%)
Puts: 20 (12%)
Current vs Prior 7-Day Avg -95.25%
Calls: -98.65%
Puts: -70.83%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23) $1.7K
Calls: $80 (5%)
Puts: $1.6K (95%)
Prior (07/22) $15.7K
Calls: $15.1K (96%)
Puts: $567 (4%)
Current vs Prior -89.46%
Calls: -99.47%
Puts: +177.78%
Prior 7-Day Total $111.3K
Calls: $83.7K (75%)
Puts: $27.6K (25%)
Prior 7-Day Average $15.9K
Calls: $12.0K (75%)
Puts: $3.9K (25%)
Current vs Prior 7-Day Avg -89.59%
Calls: -99.33%
Puts: -60.06%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 3.00
Prior (07/22) 0.08
Current vs Prior +3650.00%
Prior 7-Day Average 0.65
Current vs Prior 7-Day Avg +360.82%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23) 1,241
Calls: 984 (79%)
Puts: 257 (21%)
Prior (07/22) 239
Calls: 217 (91%)
Puts: 22 (9%)
Current vs Prior +419.25%
Prior 7-Day Total 4,826
Calls: 3,809 (79%)
Puts: 1,017 (21%)
Prior 7-Day Average 689
Calls: 544 (79%)
Puts: 145 (21%)
Current vs Prior 7-Day Avg +80.00%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)
Current 5.60% | 7.15%
Prior 4.80% | 7.07%
Current vs Prior +16.63% | +1.11%
Prior 7-Day Avg 4.24% | 6.53%
Current vs 7-Day Avg +32.10% | +9.49%
Prior 7-Day Eod 4.80% | 7.07%
Current vs 7-Day Eod +16.63% | +1.11%
Sentiment BEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 48.64% | 13.79%
Calls: 55.17% | 12.24%
Puts: 42.11% | 15.34%
Prior 48.64% | 13.79%
Calls: 55.17% | 12.24%
Puts: 42.11% | 15.34%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 48.64% | 13.79%
Calls: 55.17% | 12.24%
Puts: 42.11% | 15.34%
Current vs 7-Day Avg +0.00% | -0.00%
Liquidity Expensive
+
Add Card

🤖 AI Insights

Strong bearish conviction with 95% of dollar volume in puts ($1.6K) vs calls ($80). Light premium activity with dollar volume down 89% vs prior. Below-average activity with volume down 90% vs prior. Extreme bearish P/C ratio of 3.00 - heavy put buying.

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 BULLISH
7-Day Avg NEUTRAL
Current BEARISH
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
💧 Low Volume

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

No options available for this category

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

No options available for this category

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

No options available for this category

Most actively traded options today. High liquidity = easy entry/exit. 2 active (total vol 2, top 1)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Aug 210.050.45$0.25160.0%10.11303
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Aug 210.001.50$0.75200.0%10.24122

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

No setups found for this strategy

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

No setups found for this strategy

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

No setups found for this strategy

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

No setups found for this strategy

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

No straddle setups found

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 1 found (cheapest 1.35% of stock, avg 1.35%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$80.00$70.00Aug 21$0.25$0.75$1.00$69.00$81.00

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

No iron condor setups found

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

No setups found for this strategy

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

No setups found for this strategy

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

No covered call setups found

Historical option prices for this thinly-traded ticker. Live quotes are wide and stale — use where each contract actually traded plus its 30-day range to place a limit order. 28 contracts (avg 77 vol/day, 28 traded recently)

CMS averages only 77 option contracts/day, so quotes are thin and bid/ask spreads run wide. Use the last actually-traded price below to set a limit order rather than chasing the displayed ask. Most tradeable call: the $80.00 09-18 call last traded $0.70 on 07/15 (now $0.35/$0.75) — try a limit near $0.55. Also watch the $80.00 08-21 call last traded $0.15 on 07/17 (now $0.05/$0.45) — try a limit near $0.15. Most tradeable put: the $75.00 09-18 put last traded $3.20 on 07/17 (now $2.60/$3.40) — try a limit near $3.00.
CALLS (13)
StrikeExpiryBidAskMarkLast Traded30d RangeHistorySugg. LimitOI
$75.00Aug 21$0.10$2.60$1.35$1.50 07/16$0.65–$4.43$1.35--
$75.00Sep 18$1.65$2.95$2.30$2.20 07/15$1.15–$5.25$2.20--
$75.00Dec 18$1.50$5.60$3.55$4.60 07/17$2.58–$6.25$3.55--
$70.00Sep 18$3.70$6.30$5.00$3.81 06/08$3.80–$9.10$3.81--
$70.00Dec 18$5.20$7.90$6.55$7.80 07/17$5.20–$9.65$6.55--
$80.00Aug 21$0.05$0.45$0.25$0.15 07/17$0.13–$1.58$0.15303
$80.00Sep 18$0.35$0.75$0.55$0.70 07/15$0.43–$2.23$0.55681
$80.00Dec 18$0.00$3.60$1.80$1.70 07/15$0.98–$3.33$1.70--
$85.00Aug 21$0.00$0.95$0.48$0.08 07/10$0.05–$1.23$0.08--
$85.00Sep 18$0.00$1.80$0.90$0.12 07/14$0.20–$1.15$0.12--
$85.00Dec 18$0.00$2.75$1.38$0.45 06/05$0.53–$1.73$0.45--
$90.00Dec 18$0.00$0.50$0.25$0.70 07/08$0.25–$1.23$0.25--
$35.00Sep 18$37.20$41.20$39.20$41.98 07/02$37.35–$43.80$39.20--
PUTS (15)
StrikeExpiryBidAskMarkLast Traded30d RangeHistorySugg. LimitOI
$75.00Aug 21$1.70$3.90$2.80$2.50 07/16$1.27–$3.28$2.50--
$75.00Sep 18$2.60$3.40$3.00$3.20 07/17$1.65–$4.05$3.00135
$75.00Dec 18$2.55$6.20$4.38$2.90 06/29$2.35–$4.75$2.90--
$70.00Aug 21$0.00$1.50$0.75$0.90 07/16$0.48–$1.27$0.75122
$70.00Sep 18$0.20$2.05$1.13$1.05 07/15$0.70–$1.75$1.05--
$70.00Dec 18$0.45$4.60$2.53$2.30 07/10$1.48–$2.93$2.30--
$80.00Dec 18$5.50$9.40$7.45$5.50 07/02$4.45–$8.40$5.50--
$65.00Aug 21$0.05$1.65$0.85$0.30 07/01$0.35–$1.25$0.30--
$65.00Sep 18$0.10$1.75$0.93$0.57 07/10$0.38–$1.40$0.57--
$65.00Dec 18$0.00$2.90$1.45$1.35 07/15$0.83–$1.92$1.35--
$85.00Aug 21$9.30$12.80$11.05$9.10 07/08$7.55–$13.25$9.30--
$60.00Dec 18$0.55$1.05$0.80$1.15 06/09$0.53–$1.55$0.80--
$55.00Dec 18$0.00$2.75$1.38$0.65 06/09$0.55–$1.43$0.65--
$50.00Dec 18$0.00$2.15$1.08$0.75 06/09$0.48–$1.35$0.75--
$100.00Mar 19$24.30$28.20$26.25$26.02 07/17$26.10–$27.95$26.02--

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 2
Total Puts 6
Put/Call Ratio 3.00
Net Difference -4

Prior's Put/Call Breakdown

Total Calls 75
Total Puts 6
Put/Call Ratio 0.08
Net Difference 69

Prior 7-Day Put/Call Summary

Total Calls 1,036
Total Puts 144
Average Put/Call Ratio 0.65
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
Loading data...

Chart Title

Price — Past 7 Days

Add Card

CI/CD Results
App Log
Loading...
Requests
New Request
View All