Tour v490
CMS
CMS ENERGY CORP
$71.73 -0.01%
$71.56 (-0.23%)🌙
as of 08/04 06:32 PM
(8/3 18:19) ◀
|
Tuesday, August 4, 2026 (6:32pm)
January 2026
|
▶ (8/5 18:35)
◀ 8/4 18:32 ▶

Option Volume

Detail
ℹ
Current (08/04) 529
Calls: 260 (49%)
Puts: 269 (51%)
Prior (08/03) 136
Calls: 37 (27%)
Puts: 99 (73%)
Current vs Prior +288.97%
Calls: +602.70% (Calls)
Puts: +171.72% (Puts)
Prior 7-Day Total 1,591
Calls: 895 (56%)
Puts: 696 (44%)
Prior 7-Day Average 227
Calls: 127 (56%)
Puts: 99 (44%)
Current vs Prior 7-Day Avg +132.75%
Calls: +103.35%
Puts: +170.55%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/04) $110.0K
Calls: $8.3K (8%)
Puts: $101.7K (92%)
Prior (08/03) $23.8K
Calls: $9.4K (40%)
Puts: $14.4K (60%)
Current vs Prior +362.35%
Calls: -12.10%
Puts: +608.77%
Prior 7-Day Total $245.9K
Calls: $103.1K (42%)
Puts: $142.8K (58%)
Prior 7-Day Average $35.1K
Calls: $14.7K (42%)
Puts: $20.4K (58%)
Current vs Prior 7-Day Avg +213.22%
Calls: -43.61%
Puts: +398.58%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/04) 1.03
Prior (08/03) 2.68
Current vs Prior -61.33%
Prior 7-Day Average 1.77
Current vs Prior 7-Day Avg -41.44%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/04) 1,034
Calls: 597 (58%)
Puts: 437 (42%)
Prior (08/03) 752
Calls: 752 (100%)
Puts: -- (0%)
Current vs Prior +37.50%
Prior 7-Day Total 10,974
Calls: 8,502 (77%)
Puts: 2,472 (23%)
Prior 7-Day Average 1,567
Calls: 1,417 (74%)
Puts: 494 (26%)
Current vs Prior 7-Day Avg -34.04%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)
Current 4.22% | 6.01%
Prior 4.85% | 6.34%
Current vs Prior -12.92% | -5.26%
Prior 7-Day Avg 4.76% | 6.65%
Current vs 7-Day Avg -11.25% | -9.59%
Prior 7-Day Eod 4.85% | 6.34%
Current vs 7-Day Eod -12.92% | -5.26%
Sentiment BULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 22.56% | 14.65%
Calls: 23.65% | 17.78%
Puts: 21.47% | 11.52%
Prior 22.56% | 14.65%
Calls: 23.65% | 17.78%
Puts: 21.47% | 11.52%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 26.38% | 18.48%
Calls: 28.50% | 23.27%
Puts: 24.27% | 13.70%
Current vs 7-Day Avg -14.49% | -20.74%
Liquidity Expensive
+
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🤖 AI Insights

Strong bearish conviction with 92% of dollar volume in puts ($101.7K) vs calls ($8.3K). Massive premium surge with dollar volume up 362% vs prior. Dollar volume significantly above 7-day average (213% higher). Unusually high activity with volume up 289% vs prior - elevated interest.

Smart Money BEARISH
Retail Flow NEUTRAL
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
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. 4 found (avg delta 0.73, highest 0.87)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Aug 211.652.55$2.1042.9%20.69--
$70.00Sep 182.753.10$2.9311.9%30.635
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$75.00Aug 213.504.90$4.2033.3%2310.87261
$75.00Sep 183.904.50$4.2014.3%20.75150

Most actively traded options today. High liquidity = easy entry/exit. 8 active (total vol 504, top 232)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$75.00Aug 210.000.40$0.20200.0%2320.13403
$75.00Sep 180.600.80$0.7028.6%220.24189
$70.00Sep 182.753.10$2.9311.9%30.635
$70.00Aug 211.652.55$2.1042.9%20.69--
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$75.00Aug 213.504.90$4.2033.3%2310.87261
$55.00Sep 180.050.70$0.38171.1%100.061
$60.00Aug 210.000.10$0.05200.0%20.02--
$75.00Sep 183.904.50$4.2014.3%20.75150

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 3 strikes (avg 10.0%, max 17.5%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Aug 21Sep 1822.9%19.5%17.5%55
$75.00Aug 21Sep 1821.3%20.1%6.3%254592
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$75.00Aug 21Sep 1821.3%20.1%6.3%233411

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 4 found (best R:R 4.24, avg 2.43)

BULL CALL (2)
BuySellExpiryDebitMax GainMax LossR:RBE
$70.00$75.00Aug 21$1.90$3.10$1.901.63$71.90
$70.00$75.00Sep 18$2.23$2.77$2.231.24$72.23
BEAR PUT (2)
BuySellExpiryDebitMax GainMax LossR:RBE
$75.00$55.00Sep 18$3.82$16.18$3.824.24$71.18
$75.00$60.00Aug 21$4.15$10.85$4.152.61$70.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 4 found (best R:R 0.81, avg 0.51)

BEAR CALL (2)
SellBuyExpiryCreditMax GainMax LossR:RBE
$70.00$75.00Sep 18$2.23$2.23$2.770.81$72.23
$70.00$75.00Aug 21$1.90$1.90$3.100.61$71.90
BULL PUT (2)
SellBuyExpiryCreditMax GainMax LossR:RBE
$75.00$60.00Aug 21$4.15$4.15$10.850.38$70.85
$75.00$55.00Sep 18$3.82$3.82$16.180.24$71.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.67, cheapest $0.50)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$75.00Aug 21Sep 18$0.5021.3%20.1%
$70.00Aug 21Sep 18$0.8322.9%19.5%
PUTS (0)
No puts found

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 2 found (cheapest 6.13% of stock, avg 6.48%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$75.00Aug 21$0.20$4.20$4.40$70.60$79.406.13%
$75.00Sep 18$0.70$4.20$4.90$70.10$79.906.83%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 1 found (cheapest 1.51% of stock, avg 1.51%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$75.00$55.00Sep 18$0.70$0.38$1.08$53.92$76.08

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. 4 found (best net $3.44, -- credits)

CALLS (2)
Buy KSell KRatioExpiryNetMax Gain
$70.00$75.001:2Sep 18$1.53$3.47
$70.00$75.001:2Aug 21$1.70$3.30
PUTS (2)
Buy KSell KRatioExpiryNetMax Gain
$75.00$55.001:2Sep 18$3.44$16.56
$75.00$60.001:2Aug 21$4.10$10.90

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 1 found (best yield 0.84%, avg 0.84%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$75.00Sep 18$0.600.244.6%0.84%5.40%22189

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. 42 contracts (avg 133 vol/day, 41 traded recently)

CMS averages only 133 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 $70.00 09-18 call last traded $5.35 on 07/29 (now $2.75/$3.10) — try a limit near $2.93. Also watch the $75.00 09-18 call last traded $0.95 on 07/31 (now $0.60/$0.80) — try a limit near $0.70; the $75.00 08-21 call last traded $0.25 on 07/31 (now $0.00/$0.40) — try a limit near $0.20. Most tradeable put: the $75.00 09-18 put last traded $3.96 on 07/31 (now $3.90/$4.50) — try a limit near $3.96.
CALLS (22)
StrikeExpiryBidAskMarkLast Traded30d RangeHistorySugg. LimitOI
$70.00Aug 21$1.65$2.55$2.10$2.85 07/31$2.10–$7.40$2.10--
$70.00Sep 18$2.75$3.10$2.93$5.35 07/29$2.93–$7.30$2.935
$70.00Dec 18$4.20$4.90$4.55$6.75 07/29$4.15–$8.85$4.55--
$70.00Mar 19$4.60$6.70$5.65$8.80 07/24$5.65–$8.25$5.65--
$75.00Aug 21$0.00$0.40$0.20$0.25 07/31$0.20–$3.18$0.20403
$75.00Sep 18$0.60$0.80$0.70$0.95 07/31$0.70–$4.00$0.70189
$75.00Dec 18$1.90$2.35$2.13$2.37 07/31$1.98–$4.60$2.13--
$75.00Mar 19$1.95$3.90$2.93$4.90 07/29$2.93–$4.90$2.93--
$65.00Dec 18$8.00$8.50$8.25$10.35 07/20$8.25–$12.90$8.25--
$65.00Mar 19$7.80$9.80$8.80$11.07 07/20$8.80–$12.25$8.80--
$80.00Aug 21$0.00$0.20$0.10$0.03 07/31$0.10–$0.78$0.03--
$80.00Sep 18$0.10$0.30$0.20$0.65 07/28$0.15–$1.23$0.20--
$80.00Dec 18$0.55$1.05$0.80$1.70 07/28$0.68–$2.17$0.80--
$80.00Mar 19$0.80$2.00$1.40$2.43 07/30$1.40–$2.80$1.40--
$85.00Aug 21$0.00$2.15$1.08$0.08 07/10$0.05–$1.08$0.08--
$85.00Sep 18$0.00$0.45$0.23$0.12 07/14$0.20–$1.15$0.12--
$85.00Dec 18$0.00$0.75$0.38$0.64 07/29$0.38–$1.50$0.38--
$85.00Mar 19$0.10$1.60$0.85$1.10 07/20$0.75–$1.65$0.85--
$90.00Sep 18$0.00$0.75$0.38$0.05 07/27$0.05–$1.10$0.05--
$90.00Dec 18$0.00$2.20$1.10$0.30 07/24$0.25–$1.23$0.30--
$95.00Mar 19$0.00$0.75$0.38$0.60 07/20$0.38–$1.23$0.38--
$35.00Sep 18$34.70$38.90$36.80$41.98 07/02$36.80–$41.25$36.80--
PUTS (20)
StrikeExpiryBidAskMarkLast Traded30d RangeHistorySugg. LimitOI
$70.00Aug 21$0.75$1.10$0.93$0.46 07/29$0.48–$1.27$0.75--
$70.00Sep 18$1.20$1.55$1.38$0.86 07/29$0.88–$1.65$1.20--
$70.00Dec 18$2.55$3.10$2.83$2.55 07/20$1.75–$2.93$2.55--
$70.00Mar 19$2.90$5.40$4.15$3.53 07/30$2.58–$4.15$3.53--
$75.00Aug 21$3.50$4.90$4.20$1.90 07/29$1.65–$4.20$3.50261
$75.00Sep 18$3.90$4.50$4.20$3.96 07/31$2.30–$4.20$3.96150
$75.00Dec 18$4.90$6.40$5.65$3.80 07/29$3.00–$5.65$4.90--
$65.00Aug 21$0.05$0.40$0.23$0.44 07/21$0.23–$0.95$0.23--
$65.00Sep 18$0.35$0.90$0.63$0.73 07/28$0.38–$1.38$0.63--
$65.00Dec 18$1.30$1.65$1.48$1.35 07/22$0.83–$1.92$1.3523
$80.00Aug 21$8.30$10.00$9.15$4.75 07/28$5.00–$9.15$8.30--
$80.00Dec 18$8.60$10.30$9.45$5.50 07/02$6.15–$9.45$8.60--
$60.00Aug 21$0.00$0.10$0.05$0.38 07/30$0.05–$1.15$0.05--
$60.00Sep 18$0.00$0.75$0.38$0.48 07/28$0.23–$1.27$0.38--
$60.00Dec 18$0.75$1.05$0.90$1.15 06/09$0.53–$1.38$0.902
$85.00Aug 21$13.20$15.20$14.20$9.10 07/08$9.25–$14.20$13.20--
$55.00Dec 18$0.20$2.00$1.10$0.64 07/30$0.55–$1.43$0.64--
$55.00Sep 18$0.05$0.70$0.38--$0.38–$0.38—$0.051
$50.00Dec 18$0.05$1.65$0.85$0.75 06/09$0.48–$1.35$0.75--
$100.00Mar 19$26.60$30.70$28.65$26.02 07/17$25.55–$28.70$26.60--

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 260
Total Puts 269
Put/Call Ratio 1.03
Net Difference -9

Prior's Put/Call Breakdown

Total Calls 37
Total Puts 99
Put/Call Ratio 2.68
Net Difference -62

Prior 7-Day Put/Call Summary

Total Calls 895
Total Puts 696
Average Put/Call Ratio 1.77
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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Chart Title

Price — Past 7 Days

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