Tour v366
SM
SM ENERGY CO
$31.28 -0.13%
$31.44 (+0.50%)🌙
as of 07/20 07:04 PM
7/20 19:04

Option Volume

Detail
Current (07/20) 1,731
Calls: 1,426 (82%)
Puts: 305 (18%)
Prior (07/17) 2,231
Calls: 1,810 (81%)
Puts: 421 (19%)
Current vs Prior -22.41%
Calls: -21.22% (Calls)
Puts: -27.55% (Puts)
Prior 7-Day Total 14,067
Calls: 10,141 (72%)
Puts: 3,926 (28%)
Prior 7-Day Average 2,009
Calls: 1,448 (72%)
Puts: 560 (28%)
Current vs Prior 7-Day Avg -13.86%
Calls: -1.57%
Puts: -45.62%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/20) $379.1K
Calls: $350.3K (92%)
Puts: $28.8K (8%)
Prior (07/17) $563.9K
Calls: $527.5K (94%)
Puts: $36.4K (6%)
Current vs Prior -32.77%
Calls: -33.60%
Puts: -20.82%
Prior 7-Day Total $4.61M
Calls: $4.11M (89%)
Puts: $491.6K (11%)
Prior 7-Day Average $657.9K
Calls: $587.6K (89%)
Puts: $70.2K (11%)
Current vs Prior 7-Day Avg -42.38%
Calls: -40.39%
Puts: -59.01%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/20) 0.21
Prior (07/17) 0.23
Current vs Prior -8.04%
Prior 7-Day Average 0.67
Current vs Prior 7-Day Avg -68.15%
Sentiment BULLISH

Open Interest

Detail
Current (07/20) 26,892
Calls: 20,340 (76%)
Puts: 6,552 (24%)
Prior (07/17) 32,894
Calls: 24,921 (76%)
Puts: 7,973 (24%)
Current vs Prior -18.25%
Prior 7-Day Total 175,024
Calls: 131,935 (75%)
Puts: 43,089 (25%)
Prior 7-Day Average 25,003
Calls: 18,847 (75%)
Puts: 6,155 (25%)
Current vs Prior 7-Day Avg +7.55%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 14.32% | 18.61%
Prior 14.69% | 18.52%
Current vs Prior -2.48% | +0.47%
Prior 7-Day Avg 18.69% | 15.38%
Current vs 7-Day Avg -23.38% | +20.98%
Prior 7-Day Eod 14.69% | 18.52%
Current vs 7-Day Eod -2.48% | +0.47%
Sentiment BULLISH

Relative Spread

Detail
Expiry | Next
Current 16.57% | 12.75%
Calls: 19.48% | 15.82%
Puts: 13.66% | 9.69%
Prior 16.57% | 12.75%
Calls: 19.48% | 15.82%
Puts: 13.66% | 9.69%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 16.57% | 12.75%
Calls: 19.48% | 15.82%
Puts: 13.66% | 9.69%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 92% of dollar volume in calls ($350.3K) vs puts ($28.8K). Extreme bullish P/C ratio of 0.21 - heavy call buying (1,426 calls vs 305 puts). Call-heavy open interest (20,340 calls vs 6,552 puts) suggests bullish positioning. Declining open interest (down 18%) indicates positions being closed.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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 4 of results (avg 8.3%, best 7.3%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.50Aug 214.504.90$4.708.5%310.80707
$22.50Aug 218.909.70$9.308.6%940.941.2K
$32.50Aug 211.651.80$1.738.7%2840.462.1K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$32.50Aug 212.652.85$2.757.3%70.55736

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.93, cheapest $0.93)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 210.851.00$0.9316.1%4550.291.8K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 5 found (avg delta 0.77, highest 0.94)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.50Aug 218.909.70$9.308.6%940.941.2K
$25.00Aug 216.407.10$6.7510.4%60.91632
$27.50Aug 214.504.90$4.708.5%310.80707
$30.00Aug 212.803.10$2.9510.2%1810.642.3K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$32.50Aug 212.652.85$2.757.3%70.55736

Most actively traded options today. High liquidity = easy entry/exit. 13 active (total vol 1.4K, top 455)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 210.851.00$0.9316.1%4550.291.8K
$32.50Aug 211.651.80$1.738.7%2840.462.1K
$30.00Aug 212.803.10$2.9510.2%1810.642.3K
$22.50Aug 218.909.70$9.308.6%940.941.2K
$37.50Aug 210.450.60$0.5328.3%610.18795
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.50Aug 210.600.85$0.7334.2%1180.211.5K
$25.00Aug 210.200.30$0.2540.0%660.092.2K
$30.00Aug 211.351.65$1.5020.0%570.371.1K
$32.50Aug 212.652.85$2.757.3%70.55736
$22.50Aug 210.050.35$0.20150.0%10.06--

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. 7 found (best R:R 9.00, avg 3.56)

BULL CALL (4)
BuySellExpiryDebitMax GainMax LossR:RBE
$37.50$40.00Aug 21$0.25$2.25$0.259.00$37.75
$35.00$37.50Aug 21$0.40$2.10$0.405.25$35.40
$32.50$35.00Aug 21$0.80$1.70$0.802.13$33.30
$30.00$32.50Aug 21$1.22$1.28$1.221.05$31.22
BEAR PUT (3)
BuySellExpiryDebitMax GainMax LossR:RBE
$27.50$25.00Aug 21$0.48$2.02$0.484.21$27.02
$30.00$27.50Aug 21$0.77$1.73$0.772.25$29.23
$32.50$30.00Aug 21$1.25$1.25$1.251.00$31.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 9 found (best R:R 4.56, avg 1.14)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$25.00$27.50Aug 21$2.05$2.05$0.454.56$27.05
$27.50$30.00Aug 21$1.75$1.75$0.752.33$29.25
$30.00$32.50Aug 21$1.22$1.22$1.280.95$31.22
$32.50$35.00Aug 21$0.80$0.80$1.700.47$33.30
$35.00$37.50Aug 21$0.40$0.40$2.100.19$35.40
BULL PUT (3)
SellBuyExpiryCreditMax GainMax LossR:RBE
$32.50$30.00Aug 21$1.25$1.25$1.251.00$31.25
$30.00$27.50Aug 21$0.77$0.77$1.730.45$29.23
$27.50$25.00Aug 21$0.48$0.48$2.020.24$27.02

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. 5 found (cheapest 14.23% of stock, avg 19.73%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$30.00Aug 21$2.95$1.50$4.45$25.55$34.4514.23%
$32.50Aug 21$1.73$2.75$4.48$28.02$36.9814.32%
$27.50Aug 21$4.70$0.73$5.43$22.07$32.9317.36%
$25.00Aug 21$6.75$0.25$7.00$18.00$32.0022.38%
$22.50Aug 21$9.30$0.20$9.50$13.00$32.0030.37%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 16 found (cheapest 1.53% of stock, avg 4.91%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$40.00$22.50Aug 21$0.28$0.20$0.48$22.02$40.48
$40.00$25.00Aug 21$0.28$0.25$0.53$24.47$40.53
$37.50$22.50Aug 21$0.53$0.20$0.73$21.77$38.23
$37.50$25.00Aug 21$0.53$0.25$0.78$24.22$38.28
$40.00$27.50Aug 21$0.28$0.73$1.01$26.49$41.01
$35.00$22.50Aug 21$0.93$0.20$1.13$21.37$36.13
$35.00$25.00Aug 21$0.93$0.25$1.18$23.82$36.18
$37.50$27.50Aug 21$0.53$0.73$1.26$26.24$38.76
$35.00$27.50Aug 21$0.93$0.73$1.66$25.84$36.66
$40.00$30.00Aug 21$0.28$1.50$1.78$28.22$41.78

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 found (best R:R 2.13, avg credit $1.28)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
25/2830/32Aug 21$1.70$0.802.13$25.80$31.70
30/3235/38Aug 21$1.65$0.851.94$30.85$36.65
28/3032/35Aug 21$1.57$0.931.69$28.43$34.07
30/3238/40Aug 21$1.50$1.001.50$31.00$39.00
25/2832/35Aug 21$1.28$1.221.05$26.22$33.78
28/3035/38Aug 21$1.17$1.330.88$28.83$36.17
28/3038/40Aug 21$1.02$1.480.69$28.98$38.52
25/2835/38Aug 21$0.88$1.620.54$26.62$35.88
25/2838/40Aug 21$0.73$1.770.41$26.77$38.23

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 9 found (best R:R 15.67, cheapest $0.15)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$35.00$37.50$40.00Aug 21$0.15$2.3515.67
$25.00$27.50$30.00Aug 21$0.30$2.207.33
$32.50$35.00$37.50Aug 21$0.40$2.105.25
$30.00$32.50$35.00Aug 21$0.42$2.084.95
$22.50$25.00$27.50Aug 21$0.50$2.004.00
PUTS (3)
LowMidHighExpiryDebitMax GainR:R
$25.00$27.50$30.00Aug 21$0.29$2.217.62
$22.50$25.00$27.50Aug 21$0.43$2.074.81
$27.50$30.00$32.50Aug 21$0.48$2.024.21

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 9 found (best net $-0.03, 7 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$37.50$40.001:2Aug 21-$0.03$2.47
$32.50$35.001:2Aug 21-$0.13$2.37
$35.00$37.501:2Aug 21-$0.13$2.37
$30.00$32.501:2Aug 21-$0.51$1.99
$27.50$30.001:2Aug 21-$1.20$1.30
PUTS (4)
Buy KSell KRatioExpiryNetMax Gain
$25.00$22.501:2Aug 21-$0.15$2.35
$32.50$30.001:2Aug 21-$0.25$2.25
$30.00$27.501:2Aug 21$0.04$2.46
$27.50$25.001:2Aug 21$0.23$2.27

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 4 found (best yield 5.27%, avg 2.52%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$32.50Aug 21$1.650.463.9%5.27%9.18%2842.1K
$35.00Aug 21$0.850.2911.9%2.72%14.61%4551.8K
$37.50Aug 21$0.450.1819.9%1.44%21.32%61795
$40.00Aug 21$0.200.1127.9%0.64%28.52%184.0K

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 1,426
Total Puts 305
Put/Call Ratio 0.21
Net Difference 1,121

Prior's Put/Call Breakdown

Total Calls 1,810
Total Puts 421
Put/Call Ratio 0.23
Net Difference 1,389

Prior 7-Day Put/Call Summary

Total Calls 10,141
Total Puts 3,926
Average Put/Call Ratio 0.67
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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