Tour v394
SM
SM ENERGY CO
$33.51 +0.96%
$33.70 (+0.56%)🌙
as of 07/23 07:07 PM
7/23 19:07

Option Volume

Detail
Current (07/23) 2,093
Calls: 1,617 (77%)
Puts: 476 (23%)
Prior (07/22) 3,532
Calls: 2,625 (74%)
Puts: 907 (26%)
Current vs Prior -40.74%
Calls: -38.40% (Calls)
Puts: -47.52% (Puts)
Prior 7-Day Total 15,324
Calls: 10,441 (68%)
Puts: 4,883 (32%)
Prior 7-Day Average 2,189
Calls: 1,491 (68%)
Puts: 697 (32%)
Current vs Prior 7-Day Avg -4.39%
Calls: +8.41%
Puts: -31.76%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/23) $631.9K
Calls: $466.2K (74%)
Puts: $165.7K (26%)
Prior (07/22) $1.01M
Calls: $823.8K (82%)
Puts: $185.2K (18%)
Current vs Prior -37.38%
Calls: -43.41%
Puts: -10.53%
Prior 7-Day Total $3.51M
Calls: $2.87M (82%)
Puts: $637.9K (18%)
Prior 7-Day Average $500.8K
Calls: $409.7K (82%)
Puts: $91.1K (18%)
Current vs Prior 7-Day Avg +26.17%
Calls: +13.79%
Puts: +81.82%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/23) 0.29
Prior (07/22) 0.35
Current vs Prior -14.80%
Prior 7-Day Average 0.58
Current vs Prior 7-Day Avg -48.87%
Sentiment BULLISH

Open Interest

Detail
Current (07/23) 27,159
Calls: 19,651 (72%)
Puts: 7,508 (28%)
Prior (07/22) 28,827
Calls: 21,115 (73%)
Puts: 7,712 (27%)
Current vs Prior -5.79%
Prior 7-Day Total 171,541
Calls: 128,920 (75%)
Puts: 42,621 (25%)
Prior 7-Day Average 24,505
Calls: 18,417 (75%)
Puts: 6,088 (25%)
Current vs Prior 7-Day Avg +10.83%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 13.28% | 17.55%
Prior 13.20% | 17.48%
Current vs Prior +0.63% | +0.41%
Prior 7-Day Avg 9.63% | 16.60%
Current vs 7-Day Avg +37.87% | +5.72%
Prior 7-Day Eod 13.20% | 17.48%
Current vs 7-Day Eod +0.63% | +0.41%
Sentiment BEARISH

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

Moderately bullish flow with 74% call dollar volume ($466.2K). Below-average activity with volume down 41% vs prior. Extreme bullish P/C ratio of 0.29 - heavy call buying (1,617 calls vs 476 puts). Call-heavy open interest (19,651 calls vs 7,508 puts) suggests bullish positioning.

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 3 of results (avg 8.4%, best 6.7%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Aug 214.304.60$4.456.7%810.772.3K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 216.607.20$6.908.7%20.83--
$35.00Aug 212.903.20$3.059.8%20.57111

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.88, cheapest $0.88)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.50Aug 210.800.95$0.8817.0%700.28917
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 0.73, highest 0.88)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$27.50Aug 216.307.10$6.7011.9%10.88--
$30.00Aug 214.304.60$4.456.7%810.772.3K
$32.50Aug 212.602.90$2.7510.9%700.602.2K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 216.607.20$6.908.7%20.83--
$35.00Aug 212.903.20$3.059.8%20.57111

Most actively traded options today. High liquidity = easy entry/exit. 13 active (total vol 848, top 505)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 211.551.75$1.6512.1%5050.432.2K
$30.00Aug 214.304.60$4.456.7%810.772.3K
$32.50Aug 212.602.90$2.7510.9%700.602.2K
$37.50Aug 210.800.95$0.8817.0%700.28917
$42.50Aug 210.200.35$0.2853.6%390.10--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Aug 210.650.90$0.7832.1%250.231.1K
$27.50Aug 210.250.45$0.3557.1%200.111.5K
$32.50Aug 211.551.85$1.7017.6%180.40711
$25.00Aug 210.100.20$0.1566.7%40.052.2K
$35.00Aug 212.903.20$3.059.8%20.57111

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. 8 found (best R:R 13.71, avg 5.12)

BULL CALL (4)
BuySellExpiryDebitMax GainMax LossR:RBE
$40.00$42.50Aug 21$0.17$2.33$0.1713.71$40.17
$37.50$40.00Aug 21$0.43$2.07$0.434.81$37.93
$35.00$37.50Aug 21$0.77$1.73$0.772.25$35.77
$32.50$35.00Aug 21$1.10$1.40$1.101.27$33.60
BEAR PUT (4)
BuySellExpiryDebitMax GainMax LossR:RBE
$27.50$25.00Aug 21$0.20$2.30$0.2011.50$27.30
$30.00$27.50Aug 21$0.43$2.07$0.434.81$29.57
$32.50$30.00Aug 21$0.92$1.58$0.921.72$31.58
$35.00$32.50Aug 21$1.35$1.15$1.350.85$33.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 11 found (best R:R 9.00, avg 1.64)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$27.50$30.00Aug 21$2.25$2.25$0.259.00$29.75
$30.00$32.50Aug 21$1.70$1.70$0.802.13$31.70
$32.50$35.00Aug 21$1.10$1.10$1.400.79$33.60
$35.00$37.50Aug 21$0.77$0.77$1.730.45$35.77
$37.50$40.00Aug 21$0.43$0.43$2.070.21$37.93
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$40.00$35.00Aug 21$3.85$3.85$1.153.35$36.15
$35.00$32.50Aug 21$1.35$1.35$1.151.17$33.65
$32.50$30.00Aug 21$0.92$0.92$1.580.58$31.58
$30.00$27.50Aug 21$0.43$0.43$2.070.21$29.57
$27.50$25.00Aug 21$0.20$0.20$2.300.09$27.30

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 13.28% of stock, avg 17.18%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$32.50Aug 21$2.75$1.70$4.45$28.05$36.9513.28%
$35.00Aug 21$1.65$3.05$4.70$30.30$39.7014.03%
$30.00Aug 21$4.45$0.78$5.23$24.77$35.2315.61%
$27.50Aug 21$6.70$0.35$7.05$20.45$34.5521.04%
$40.00Aug 21$0.45$6.90$7.35$32.65$47.3521.93%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 16 found (cheapest 1.28% of stock, avg 4.66%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$42.50$25.00Aug 21$0.28$0.15$0.43$24.57$42.93
$40.00$25.00Aug 21$0.45$0.15$0.60$24.40$40.60
$42.50$27.50Aug 21$0.28$0.35$0.63$26.87$43.13
$40.00$27.50Aug 21$0.45$0.35$0.80$26.70$40.80
$37.50$25.00Aug 21$0.88$0.15$1.03$23.97$38.53
$42.50$30.00Aug 21$0.28$0.78$1.06$28.94$43.56
$37.50$27.50Aug 21$0.88$0.35$1.23$26.27$38.73
$40.00$30.00Aug 21$0.45$0.78$1.23$28.77$41.23
$37.50$30.00Aug 21$0.88$0.78$1.66$28.34$39.16
$35.00$25.00Aug 21$1.65$0.15$1.80$23.20$36.80

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 14 found (best R:R 3.17, avg credit $1.20)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
25/2830/32Aug 21$1.90$0.603.17$25.60$31.90
32/3538/40Aug 21$1.78$0.722.47$33.22$39.28
30/3235/38Aug 21$1.69$0.812.09$30.81$36.69
28/3032/35Aug 21$1.53$0.971.58$28.47$34.03
32/3540/42Aug 21$1.52$0.981.55$33.48$41.52
30/3238/40Aug 21$1.35$1.151.17$31.15$38.85
25/2832/35Aug 21$1.30$1.201.08$26.20$33.80
28/3035/38Aug 21$1.20$1.300.92$28.80$36.20
30/3240/42Aug 21$1.09$1.410.77$31.41$41.09
25/2835/38Aug 21$0.97$1.530.63$26.53$35.97

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 8 found (best R:R 9.87, cheapest $0.23)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$37.50$40.00$42.50Aug 21$0.26$2.248.62
$32.50$35.00$37.50Aug 21$0.33$2.176.58
$35.00$37.50$40.00Aug 21$0.34$2.166.35
$27.50$30.00$32.50Aug 21$0.55$1.953.55
$30.00$32.50$35.00Aug 21$0.60$1.903.17
PUTS (3)
LowMidHighExpiryDebitMax GainR:R
$25.00$27.50$30.00Aug 21$0.23$2.279.87
$30.00$32.50$35.00Aug 21$0.43$2.074.81
$27.50$30.00$32.50Aug 21$0.49$2.014.10

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 11 found (best net $-0.02, 7 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$37.50$40.001:2Aug 21-$0.02$2.48
$35.00$37.501:2Aug 21-$0.11$2.39
$40.00$42.501:2Aug 21-$0.11$2.39
$32.50$35.001:2Aug 21-$0.55$1.95
$30.00$32.501:2Aug 21-$1.05$1.45
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$35.00$32.501:2Aug 21-$0.35$2.15
$40.00$35.001:2Aug 21$0.80$4.20
$27.50$25.001:2Aug 21$0.05$2.45
$30.00$27.501:2Aug 21$0.08$2.42
$32.50$30.001:2Aug 21$0.14$2.36

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 4 found (best yield 4.63%, avg 2.20%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$35.00Aug 21$1.550.434.5%4.63%9.07%5052.2K
$37.50Aug 21$0.800.2811.9%2.39%14.29%70917
$40.00Aug 21$0.400.1619.4%1.19%20.56%114.0K
$42.50Aug 21$0.200.1026.8%0.60%27.42%39--

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 1,617
Total Puts 476
Put/Call Ratio 0.29
Net Difference 1,141

Prior's Put/Call Breakdown

Total Calls 2,625
Total Puts 907
Put/Call Ratio 0.35
Net Difference 1,718

Prior 7-Day Put/Call Summary

Total Calls 10,441
Total Puts 4,883
Average Put/Call Ratio 0.58
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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