Tour v490
SM
SM ENERGY CO
$31.05 -2.76%
$31.20 (+0.48%)🌙
as of 08/04 06:10 PM
8/4 18:10

Option Volume

Detail
Current (08/04) 786
Calls: 698 (89%)
Puts: 88 (11%)
Prior (08/03) 820
Calls: 675 (82%)
Puts: 145 (18%)
Current vs Prior -4.15%
Calls: +3.41% (Calls)
Puts: -39.31% (Puts)
Prior 7-Day Total 7,817
Calls: 5,497 (70%)
Puts: 2,320 (30%)
Prior 7-Day Average 1,116
Calls: 785 (70%)
Puts: 331 (30%)
Current vs Prior 7-Day Avg -29.61%
Calls: -11.12%
Puts: -73.45%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/04) $195.2K
Calls: $177.7K (91%)
Puts: $17.5K (9%)
Prior (08/03) $205.5K
Calls: $159.3K (78%)
Puts: $46.2K (22%)
Current vs Prior -5.00%
Calls: +11.55%
Puts: -62.06%
Prior 7-Day Total $2.32M
Calls: $1.65M (71%)
Puts: $674.0K (29%)
Prior 7-Day Average $332.1K
Calls: $235.8K (71%)
Puts: $96.3K (29%)
Current vs Prior 7-Day Avg -41.21%
Calls: -24.64%
Puts: -81.79%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/04) 0.13
Prior (08/03) 0.21
Current vs Prior -41.31%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg -70.11%
Sentiment BULLISH

Open Interest

Detail
Current (08/04) 20,149
Calls: 16,991 (84%)
Puts: 3,158 (16%)
Prior (08/03) 20,204
Calls: 17,561 (87%)
Puts: 2,643 (13%)
Current vs Prior -0.27%
Prior 7-Day Total 163,245
Calls: 128,542 (79%)
Puts: 34,703 (21%)
Prior 7-Day Average 23,320
Calls: 18,363 (79%)
Puts: 4,957 (21%)
Current vs Prior 7-Day Avg -13.60%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 10.89% | 15.78%
Prior 10.99% | 15.91%
Current vs Prior -0.97% | -0.81%
Prior 7-Day Avg 11.97% | 16.79%
Current vs 7-Day Avg -9.03% | -6.02%
Prior 7-Day Eod 10.99% | 15.91%
Current vs 7-Day Eod -0.97% | -0.81%
Sentiment BULLISH

Relative Spread

Detail
Expiry | Next
Current 12.16% | 12.46%
Calls: 11.28% | 12.02%
Puts: 13.04% | 12.90%
Prior 16.57% | 12.75%
Calls: 19.48% | 15.82%
Puts: 13.66% | 9.69%
Current vs Prior -26.61% | -2.27%
Prior 7-Day Avg 16.57% | 12.75%
Calls: 19.48% | 15.82%
Puts: 13.66% | 9.69%
Current vs 7-Day Avg -26.61% | -2.27%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 91% of dollar volume in calls ($177.7K) vs puts ($17.5K). Extreme bullish P/C ratio of 0.13 - heavy call buying (698 calls vs 88 puts). P/C ratio dropping 41% - sentiment shifting bullish. Call-heavy open interest (16,991 calls vs 3,158 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 1 of results (avg 8.9%, best 8.9%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$30.00Aug 212.152.35$2.258.9%530.632.2K
PUTS (0)
No puts meet the criteria

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. 7 found (avg delta 0.72, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.50Aug 218.409.30$8.8510.2%240.97--
$25.00Sep 186.407.20$6.8011.8%200.8914
$27.50Sep 184.405.10$4.7514.7%20.7832
$30.00Aug 212.152.35$2.258.9%530.632.2K
$30.00Sep 182.803.40$3.1019.4%190.62--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$32.50Aug 212.402.75$2.5813.6%280.60863
$32.50Sep 182.903.40$3.1515.9%210.55--

Most actively traded options today. High liquidity = easy entry/exit. 19 active (total vol 555, top 158)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$32.50Sep 181.752.10$1.9318.1%1580.46185
$32.50Aug 211.051.20$1.1313.3%1120.402.3K
$30.00Aug 212.152.35$2.258.9%530.632.2K
$35.00Aug 210.450.55$0.5020.0%280.222.3K
$35.00Sep 181.051.30$1.1821.2%260.32325
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$32.50Aug 212.402.75$2.5813.6%280.60863
$30.00Aug 211.051.20$1.1313.3%230.371.1K
$32.50Sep 182.903.40$3.1515.9%210.55--
$27.50Aug 210.250.40$0.3345.5%40.15--
$27.50Sep 180.751.00$0.8828.4%30.23--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 15.5%, max 31.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Aug 21Sep 1875.7%57.8%31.0%194.1K
$37.50Aug 21Sep 1872.8%57.7%26.2%1329
$32.50Aug 21Sep 1864.0%57.1%12.2%2702.5K
$30.00Aug 21Sep 1861.3%54.7%12.1%722.2K
$35.00Aug 21Sep 1864.7%57.8%12.0%542.6K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$32.50Aug 21Sep 1864.0%57.1%12.2%49863
$30.00Aug 21Sep 1861.3%54.7%12.1%251.1K
$27.50Aug 21Sep 1858.6%54.9%6.6%7--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 13 found (best R:R 15.67, avg 4.01)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$37.50$40.00Aug 21$0.15$2.35$0.1515.67$37.65
$35.00$37.50Aug 21$0.20$2.30$0.2011.50$35.20
$37.50$40.00Sep 18$0.30$2.20$0.307.33$37.80
$35.00$37.50Sep 18$0.50$2.00$0.504.00$35.50
$32.50$35.00Aug 21$0.63$1.87$0.632.97$33.13
BEAR PUT (4)
BuySellExpiryDebitMax GainMax LossR:RBE
$30.00$27.50Aug 21$0.80$1.70$0.802.13$29.20
$30.00$27.50Sep 18$0.92$1.58$0.921.72$29.08
$32.50$30.00Sep 18$1.35$1.15$1.350.85$31.15
$32.50$30.00Aug 21$1.45$1.05$1.450.72$31.05

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 15 found (best R:R 7.33, avg 1.36)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$22.50$30.00Aug 21$6.60$6.60$0.907.33$29.10
$25.00$27.50Sep 18$2.05$2.05$0.454.56$27.05
$27.50$30.00Sep 18$1.65$1.65$0.851.94$29.15
$30.00$32.50Sep 18$1.17$1.17$1.330.88$31.17
$30.00$32.50Aug 21$1.12$1.12$1.380.81$31.12
BULL PUT (4)
SellBuyExpiryCreditMax GainMax LossR:RBE
$32.50$30.00Aug 21$1.45$1.45$1.051.38$31.05
$32.50$30.00Sep 18$1.35$1.35$1.151.17$31.15
$30.00$27.50Sep 18$0.92$0.92$1.580.58$29.08
$30.00$27.50Aug 21$0.80$0.80$1.700.47$29.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.59, cheapest $0.23)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$40.00Aug 21Sep 18$0.2375.7%57.8%
$37.50Aug 21Sep 18$0.3872.8%57.7%
$35.00Aug 21Sep 18$0.6864.7%57.8%
$32.50Aug 21Sep 18$0.8064.0%57.1%
$30.00Aug 21Sep 18$0.8561.3%54.7%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$27.50Aug 21Sep 18$0.5558.6%54.9%
$32.50Aug 21Sep 18$0.5764.0%57.1%
$30.00Aug 21Sep 18$0.6761.3%54.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 5 found (cheapest 10.89% of stock, avg 14.62%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$30.00Aug 21$2.25$1.13$3.38$26.62$33.3810.89%
$32.50Aug 21$1.13$2.58$3.71$28.79$36.2111.95%
$30.00Sep 18$3.10$1.80$4.90$25.10$34.9015.78%
$32.50Sep 18$1.93$3.15$5.08$27.42$37.5816.36%
$27.50Sep 18$4.75$0.88$5.63$21.87$33.1318.13%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 16 found (cheapest 1.55% of stock, avg 5.85%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$40.00$27.50Aug 21$0.15$0.33$0.48$27.02$40.48
$37.50$27.50Aug 21$0.30$0.33$0.63$26.87$38.13
$35.00$27.50Aug 21$0.50$0.33$0.83$26.67$35.83
$40.00$27.50Sep 18$0.38$0.88$1.26$26.24$41.26
$40.00$30.00Aug 21$0.15$1.13$1.28$28.72$41.28
$37.50$30.00Aug 21$0.30$1.13$1.43$28.57$38.93
$32.50$27.50Aug 21$1.13$0.33$1.46$26.04$33.96
$37.50$27.50Sep 18$0.68$0.88$1.56$25.94$39.06
$35.00$30.00Aug 21$0.50$1.13$1.63$28.37$36.63
$35.00$27.50Sep 18$1.18$0.88$2.06$25.44$37.06

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 10 found (best R:R 2.85, avg credit $1.44)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
30/3235/38Sep 18$1.85$0.652.85$30.65$36.85
28/3032/35Sep 18$1.67$0.832.01$28.33$34.17
30/3235/38Aug 21$1.65$0.851.94$30.85$36.65
30/3238/40Sep 18$1.65$0.851.94$30.85$39.15
30/3238/40Aug 21$1.60$0.901.78$30.90$39.10
28/3032/35Aug 21$1.43$1.071.34$28.57$33.93
28/3035/38Sep 18$1.42$1.081.31$28.58$36.42
28/3038/40Sep 18$1.22$1.280.95$28.78$38.72
28/3035/38Aug 21$1.00$1.500.67$29.00$36.00
28/3038/40Aug 21$0.95$1.550.61$29.05$38.45

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 10 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$35.00$37.50$40.00Aug 21$0.05$2.4549.00
$35.00$37.50$40.00Sep 18$0.20$2.3011.50
$32.50$35.00$37.50Sep 18$0.25$2.259.00
$25.00$27.50$30.00Sep 18$0.40$2.105.25
$30.00$32.50$35.00Sep 18$0.42$2.084.95
PUTS (2)
LowMidHighExpiryDebitMax GainR:R
$27.50$30.00$32.50Sep 18$0.43$2.074.81
$27.50$30.00$32.50Aug 21$0.65$1.852.85

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 14 found (best net $--, 9 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$37.50$40.001:2Aug 21$0.00$2.50
$30.00$32.501:2Aug 21-$0.01$2.49
$37.50$40.001:2Sep 18-$0.08$2.42
$35.00$37.501:2Aug 21-$0.10$2.40
$35.00$37.501:2Sep 18-$0.18$2.32
PUTS (4)
Buy KSell KRatioExpiryNetMax Gain
$32.50$30.001:2Sep 18-$0.45$2.05
$30.00$27.501:2Sep 18$0.04$2.46
$32.50$30.001:2Aug 21$0.32$2.18
$30.00$27.501:2Aug 21$0.47$2.03

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 5.64%, avg 2.19%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$32.50Sep 18$1.750.464.7%5.64%10.31%158185
$32.50Aug 21$1.050.404.7%3.38%8.05%1122.3K
$35.00Sep 18$1.050.3212.7%3.38%16.10%26325
$37.50Sep 18$0.550.2120.8%1.77%22.54%229
$35.00Aug 21$0.450.2212.7%1.45%14.17%282.3K
$40.00Sep 18$0.300.1328.8%0.97%29.79%670
$37.50Aug 21$0.200.1320.8%0.64%21.42%11--
$40.00Aug 21$0.100.0728.8%0.32%29.15%134.0K

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 698
Total Puts 88
Put/Call Ratio 0.13
Net Difference 610

Prior's Put/Call Breakdown

Total Calls 675
Total Puts 145
Put/Call Ratio 0.21
Net Difference 530

Prior 7-Day Put/Call Summary

Total Calls 5,497
Total Puts 2,320
Average Put/Call Ratio 0.42
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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