Tour v422
CMS
CMS ENERGY CORP
$74.27 -0.58%
(7/27 14:09) ◀
|
Monday, July 27, 2026 (6:00pm)
January 2026
|
▶ (7/28 14:14)
◀ 7/27 18:00 ▶

Option Volume

Detail
ℹ
Current (07/27) 674
Calls: 297 (44%)
Puts: 377 (56%)
Prior (07/24) 388
Calls: 365 (94%)
Puts: 23 (6%)
Current vs Prior +73.71%
Calls: -18.63% (Calls)
Puts: +1539.13% (Puts)
Prior 7-Day Total 923
Calls: 782 (85%)
Puts: 141 (15%)
Prior 7-Day Average 131
Calls: 111 (85%)
Puts: 20 (15%)
Current vs Prior 7-Day Avg +411.16%
Calls: +165.86%
Puts: +1771.63%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27) $112.4K
Calls: $34.7K (31%)
Puts: $77.8K (69%)
Prior (07/24) $39.6K
Calls: $30.7K (78%)
Puts: $8.9K (22%)
Current vs Prior +183.71%
Calls: +12.87%
Puts: +772.90%
Prior 7-Day Total $102.8K
Calls: $70.5K (69%)
Puts: $32.3K (31%)
Prior 7-Day Average $14.7K
Calls: $10.1K (69%)
Puts: $4.6K (31%)
Current vs Prior 7-Day Avg +665.36%
Calls: +244.13%
Puts: +1585.42%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27) 1.27
Prior (07/24) 0.06
Current vs Prior +1914.42%
Prior 7-Day Average 1.07
Current vs Prior 7-Day Avg +18.89%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27) 3,278
Calls: 2,659 (81%)
Puts: 619 (19%)
Prior (07/24) 1,126
Calls: 1,126 (100%)
Puts: -- (0%)
Current vs Prior +191.12%
Prior 7-Day Total 5,413
Calls: 4,552 (84%)
Puts: 861 (16%)
Prior 7-Day Average 773
Calls: 650 (82%)
Puts: 143 (18%)
Current vs Prior 7-Day Avg +323.91%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)
Current 4.87% | 7.34%
Prior 5.13% | 7.31%
Current vs Prior -4.94% | +0.39%
Prior 7-Day Avg 5.06% | 7.07%
Current vs 7-Day Avg -3.75% | +3.79%
Prior 7-Day Eod 5.13% | 7.31%
Current vs 7-Day Eod -4.94% | +0.39%
Sentiment BULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 23.25% | 42.35%
Calls: 26.09% | 61.76%
Puts: 20.41% | 22.95%
Prior 48.64% | 13.79%
Calls: 55.17% | 12.24%
Puts: 42.11% | 15.34%
Current vs Prior -52.20% | +207.11%
Prior 7-Day Avg 48.64% | 13.79%
Calls: 55.17% | 12.24%
Puts: 42.11% | 15.34%
Current vs 7-Day Avg -52.20% | +207.11%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bearish flow with 69% put dollar volume ($77.8K). Massive premium surge with dollar volume up 184% vs prior. Dollar volume significantly above 7-day average (665% higher). Above-average activity with volume up 74% vs prior.

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. 2 found (avg delta 0.76, highest 0.92)

CALLS (0)
No calls meet the criteria
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Aug 215.306.80$6.0524.8%250.92--
$75.00Aug 212.152.70$2.4222.7%2500.6121

Most actively traded options today. High liquidity = easy entry/exit. 6 active (total vol 662, top 283)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$75.00Aug 211.001.40$1.2033.3%2830.40151
$80.00Aug 210.050.20$0.13115.4%80.07305
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$75.00Aug 212.152.70$2.4222.7%2500.6121
$60.00Aug 210.100.25$0.1883.3%950.04--
$80.00Aug 215.306.80$6.0524.8%250.92--
$70.00Aug 210.001.55$0.78198.7%10.23122

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. 3 found (best R:R 15.67, avg 7.13)

BULL CALL (1)
BuySellExpiryDebitMax GainMax LossR:RBE
$75.00$80.00Aug 21$1.07$3.93$1.073.67$76.07
BEAR PUT (2)
BuySellExpiryDebitMax GainMax LossR:RBE
$70.00$60.00Aug 21$0.60$9.40$0.6015.67$69.40
$75.00$70.00Aug 21$1.64$3.36$1.642.05$73.36

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 4 found (best R:R 2.65, avg 0.87)

BEAR CALL (1)
SellBuyExpiryCreditMax GainMax LossR:RBE
$75.00$80.00Aug 21$1.07$1.07$3.930.27$76.07
BULL PUT (3)
SellBuyExpiryCreditMax GainMax LossR:RBE
$80.00$75.00Aug 21$3.63$3.63$1.372.65$76.37
$75.00$70.00Aug 21$1.64$1.64$3.360.49$73.36
$70.00$60.00Aug 21$0.60$0.60$9.400.06$69.40

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. 2 found (cheapest 4.87% of stock, avg 6.60%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$75.00Aug 21$1.20$2.42$3.62$71.38$78.624.87%
$80.00Aug 21$0.13$6.05$6.18$73.82$86.188.32%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 3 found (cheapest 1.23% of stock, avg 1.87%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$80.00$70.00Aug 21$0.13$0.78$0.91$69.09$80.91
$85.00$70.00Aug 21$0.48$0.78$1.26$68.74$86.26
$75.00$70.00Aug 21$1.20$0.78$1.98$68.02$76.98

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 0.20, avg credit $1.67)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
60/7075/80Aug 21$1.67$8.330.20$68.33$76.67

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 2 found (best R:R 2.52, cheapest $1.42)

CALLS (1)
LowMidHighExpiryDebitMax GainR:R
$75.00$80.00$85.00Aug 21$1.42$3.582.52
PUTS (1)
LowMidHighExpiryDebitMax GainR:R
$70.00$75.00$80.00Aug 21$1.99$3.011.51

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 5 found (best net $-0.83, 1 credits)

CALLS (2)
Buy KSell KRatioExpiryNetMax Gain
$80.00$85.001:2Aug 21-$0.83$4.17
$75.00$80.001:2Aug 21$0.94$4.06
PUTS (3)
Buy KSell KRatioExpiryNetMax Gain
$70.00$60.001:2Aug 21$0.42$9.58
$75.00$70.001:2Aug 21$0.86$4.14
$80.00$75.001:2Aug 21$1.21$3.79

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 1 found (best yield 1.35%, avg 1.35%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$75.00Aug 21$1.000.401.0%1.35%2.33%283151

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. 41 contracts (avg 100 vol/day, 33 traded recently)

CMS averages only 100 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 $35.00 09-18 call last traded $41.98 on 07/02 (now $37.00/$41.90) — try a limit near $39.45. Also watch the $70.00 03-19 call last traded $8.80 on 07/24 (now $6.80/$9.40) — try a limit near $8.10; the $75.00 08-21 call last traded $1.50 on 07/24 (now $1.00/$1.40) — try a limit near $1.20. Most tradeable put: the $100.00 03-19 put last traded $26.02 on 07/17 (now $23.60/$28.50) — try a limit near $26.02.
CALLS (23)
StrikeExpiryBidAskMarkLast Traded30d RangeHistorySugg. LimitOI
$75.00Aug 21$1.00$1.40$1.20$1.50 07/24$0.65–$4.43$1.20151
$75.00Sep 18$1.60$3.50$2.55$1.70 07/22$1.15–$5.25$1.70186
$75.00Dec 18$2.25$4.00$3.13$2.35 07/21$2.58–$5.95$2.35330
$70.00Sep 18$4.30$6.70$5.50$3.81 06/08$3.80–$8.85$4.307
$70.00Dec 18$5.70$8.00$6.85$5.99 07/22$5.20–$9.65$5.9925
$70.00Mar 19$6.80$9.40$8.10$8.80 07/24$6.10–$8.20$8.101
$80.00Aug 21$0.05$0.20$0.13$0.21 07/24$0.13–$1.33$0.13305
$80.00Sep 18$0.30$0.75$0.53$0.75 07/24$0.43–$1.88$0.53860
$80.00Dec 18$0.10$3.30$1.70$0.90 07/21$0.98–$3.00$0.90101
$65.00Dec 18$8.00$12.80$10.40$10.35 07/20$8.95–$13.80$10.35--
$65.00Mar 19$9.00$13.80$11.40$11.07 07/20$9.90–$12.25$11.071
$65.00Sep 18$8.90$10.80$9.85--$9.85–$9.85—$8.902
$85.00Aug 21$0.00$0.95$0.48$0.08 07/10$0.05–$1.23$0.0810
$85.00Sep 18$0.00$0.95$0.48$0.12 07/14$0.20–$1.15$0.12446
$85.00Dec 18$0.00$2.00$1.00$0.45 06/05$0.53–$1.50$0.4555
$85.00Mar 19$0.00$2.95$1.48$1.10 07/20$1.20–$1.65$1.101
$90.00Dec 18$0.00$1.30$0.65$0.30 07/24$0.25–$1.23$0.3052
$90.00Sep 18$0.00$0.10$0.05--$0.05–$0.05—--20
$55.00Sep 18$17.00$21.30$19.15--$19.15–$19.15—$17.001
$55.00Dec 18$19.00$21.70$20.35--$20.35–$20.35—$19.002
$95.00Mar 19$0.00$2.25$1.13$0.60 07/20$0.60–$1.23$0.601
$95.00Dec 18$0.00$1.40$0.70--$0.70–$0.70—--101
$35.00Sep 18$37.00$41.90$39.45$41.98 07/02$37.35–$43.15$39.451
PUTS (18)
StrikeExpiryBidAskMarkLast Traded30d RangeHistorySugg. LimitOI
$75.00Aug 21$2.15$2.70$2.42$2.50 07/16$1.38–$3.28$2.4221
$75.00Sep 18$2.50$3.30$2.90$3.10 07/23$1.83–$4.05$2.90135
$75.00Dec 18$2.05$5.40$3.73$3.66 07/24$2.35–$4.75$3.6622
$70.00Aug 21$0.00$1.55$0.78$0.80 07/23$0.48–$1.27$0.78122
$70.00Sep 18$0.25$2.05$1.15$1.05 07/24$0.75–$1.65$1.05170
$70.00Dec 18$0.75$3.80$2.28$2.55 07/20$1.48–$2.93$2.2818
$80.00Dec 18$5.60$8.20$6.90$5.50 07/02$4.45–$8.40$5.6040
$80.00Sep 18$4.00$8.80$6.40--$6.40–$6.40—$4.009
$65.00Aug 21$0.05$0.85$0.45$0.44 07/21$0.35–$1.25$0.444
$65.00Sep 18$0.10$1.30$0.70$0.75 07/21$0.38–$1.40$0.7040
$65.00Dec 18$0.00$3.60$1.80$1.35 07/22$0.83–$1.92$1.3523
$85.00Aug 21$8.50$13.30$10.90$9.10 07/08$7.55–$13.25$9.10--
$60.00Dec 18$0.55$1.05$0.80$1.15 06/09$0.53–$1.55$0.802
$60.00Sep 18$0.00$0.80$0.40--$0.40–$0.40—--3
$55.00Dec 18$0.30$0.80$0.55$0.65 06/09$0.55–$1.43$0.555
$55.00Sep 18$0.00$1.20$0.60--$0.60–$0.60—--1
$50.00Dec 18$0.00$1.50$0.75$0.75 06/09$0.48–$1.35$0.753
$100.00Mar 19$23.60$28.50$26.05$26.02 07/17$25.65–$27.95$26.021

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 297
Total Puts 377
Put/Call Ratio 1.27
Net Difference -80

Prior's Put/Call Breakdown

Total Calls 365
Total Puts 23
Put/Call Ratio 0.06
Net Difference 342

Prior 7-Day Put/Call Summary

Total Calls 782
Total Puts 141
Average Put/Call Ratio 1.07
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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