Tour v492
SM
SM ENERGY CO
$29.02 -6.54%
$29.53 (+1.76%)🌙
as of 08/05 06:14 PM
8/5 18:14

Option Volume

Detail
Current (08/05) 1,623
Calls: 923 (57%)
Puts: 700 (43%)
Prior (08/04) 786
Calls: 698 (89%)
Puts: 88 (11%)
Current vs Prior +106.49%
Calls: +32.23% (Calls)
Puts: +695.45% (Puts)
Prior 7-Day Total 7,253
Calls: 5,220 (72%)
Puts: 2,033 (28%)
Prior 7-Day Average 1,036
Calls: 745 (72%)
Puts: 290 (28%)
Current vs Prior 7-Day Avg +56.64%
Calls: +23.77%
Puts: +141.02%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/05) $602.6K
Calls: $329.5K (55%)
Puts: $273.1K (45%)
Prior (08/04) $195.2K
Calls: $177.7K (91%)
Puts: $17.5K (9%)
Current vs Prior +208.65%
Calls: +85.44%
Puts: +1457.39%
Prior 7-Day Total $2.06M
Calls: $1.45M (70%)
Puts: $613.8K (30%)
Prior 7-Day Average $294.7K
Calls: $207.0K (70%)
Puts: $87.7K (30%)
Current vs Prior 7-Day Avg +104.50%
Calls: +59.21%
Puts: +211.44%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/05) 0.76
Prior (08/04) 0.13
Current vs Prior +501.55%
Prior 7-Day Average 0.38
Current vs Prior 7-Day Avg +97.03%
Sentiment NEUTRAL

Open Interest

Detail
Current (08/05) 29,621
Calls: 21,220 (72%)
Puts: 8,401 (28%)
Prior (08/04) 20,149
Calls: 16,991 (84%)
Puts: 3,158 (16%)
Current vs Prior +47.01%
Prior 7-Day Total 164,673
Calls: 133,182 (81%)
Puts: 31,491 (19%)
Prior 7-Day Average 23,524
Calls: 19,026 (81%)
Puts: 4,498 (19%)
Current vs Prior 7-Day Avg +25.91%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 11.27% | 15.95%
Prior 10.89% | 15.78%
Current vs Prior +3.51% | +1.10%
Prior 7-Day Avg 11.68% | 16.55%
Current vs 7-Day Avg -3.52% | -3.60%
Prior 7-Day Eod 10.89% | 15.78%
Current vs 7-Day Eod +3.51% | +1.10%
Sentiment BEARISH

Relative Spread

Detail
Expiry | Next
Current 14.42% | 9.62%
Calls: 19.35% | 8.51%
Puts: 9.49% | 10.73%
Prior 12.16% | 12.46%
Calls: 11.28% | 12.02%
Puts: 13.04% | 12.90%
Current vs Prior +18.59% | -22.79%
Prior 7-Day Avg 15.94% | 12.71%
Calls: 18.31% | 15.28%
Puts: 13.57% | 10.15%
Current vs 7-Day Avg -9.54% | -24.30%
Liquidity Expensive
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🤖 AI Insights

Massive premium surge with dollar volume up 209% vs prior. Dollar volume significantly above 7-day average (105% higher). Unusually high activity with volume up 106% vs prior - elevated interest. P/C ratio rising 502% - increased hedging/bearish 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 NEUTRAL
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 -- 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. 11 found (avg delta 0.77, highest 0.94)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.50Aug 216.307.70$7.0020.0%40.94--
$25.00Aug 214.104.90$4.5017.8%80.90628
$25.00Sep 184.505.40$4.9518.2%40.82--
$27.50Aug 212.102.65$2.3823.1%210.71691
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 215.406.30$5.8515.4%40.9184
$37.50Sep 188.009.10$8.5512.9%20.86--
$35.00Sep 185.906.70$6.3012.7%920.78230
$32.50Aug 213.404.50$3.9527.8%10.78--
$32.50Sep 184.004.70$4.3516.1%80.67--

Most actively traded options today. High liquidity = easy entry/exit. 24 active (total vol 913, top 138)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 210.150.30$0.2268.2%1380.122.3K
$32.50Aug 210.350.70$0.5267.3%1340.242.3K
$37.50Aug 210.050.30$0.18138.9%1250.081.1K
$30.00Aug 210.901.65$1.2759.1%850.462.2K
$27.50Aug 212.102.65$2.3823.1%210.71691
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Sep 185.906.70$6.3012.7%920.78230
$30.00Aug 211.702.30$2.0030.0%710.561.1K
$22.50Sep 180.150.65$0.40125.0%610.11--
$25.00Sep 180.450.70$0.5743.9%390.18129
$27.50Sep 181.351.80$1.5828.5%310.35199

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 10 strikes (avg 14.5%, max 35.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$37.50Aug 21Sep 1881.2%60.0%35.3%1261.1K
$25.00Aug 21Sep 1862.6%53.6%16.9%12628
$30.00Aug 21Sep 1866.3%57.7%14.9%1062.3K
$35.00Aug 21Sep 1868.4%60.4%13.4%1532.6K
$32.50Aug 21Sep 1865.4%60.2%8.5%1412.3K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$25.00Aug 21Sep 1862.6%53.6%16.9%462.4K
$30.00Aug 21Sep 1866.3%57.7%14.9%851.2K
$35.00Aug 21Sep 1868.4%60.4%13.4%96314
$32.50Aug 21Sep 1865.4%60.2%8.5%9--
$27.50Aug 21Sep 1860.3%58.9%2.4%511.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 13 found (best R:R 13.71, avg 3.56)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$32.50$35.00Aug 21$0.30$2.20$0.307.33$32.80
$35.00$37.50Sep 18$0.32$2.18$0.326.81$35.32
$32.50$35.00Sep 18$0.53$1.97$0.533.72$33.03
$30.00$32.50Sep 18$0.72$1.78$0.722.47$30.72
$30.00$32.50Aug 21$0.75$1.75$0.752.33$30.75
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$25.00$22.50Sep 18$0.17$2.33$0.1713.71$24.83
$27.50$25.00Aug 21$0.53$1.97$0.533.72$26.97
$27.50$25.00Sep 18$1.01$1.49$1.011.48$26.49
$30.00$27.50Sep 18$1.10$1.40$1.101.27$28.90
$30.00$27.50Aug 21$1.27$1.23$1.270.97$28.73

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 18 found (best R:R 9.00, avg 1.85)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$25.00$27.50Aug 21$2.12$2.12$0.385.58$27.12
$25.00$30.00Sep 18$3.00$3.00$2.001.50$28.00
$27.50$30.00Aug 21$1.11$1.11$1.390.80$28.61
$30.00$32.50Aug 21$0.75$0.75$1.750.43$30.75
$30.00$32.50Sep 18$0.72$0.72$1.780.40$30.72
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$37.50$35.00Sep 18$2.25$2.25$0.259.00$35.25
$32.50$30.00Aug 21$1.95$1.95$0.553.55$30.55
$35.00$32.50Sep 18$1.95$1.95$0.553.55$33.05
$35.00$32.50Aug 21$1.90$1.90$0.603.17$33.10
$32.50$30.00Sep 18$1.67$1.67$0.832.01$30.83

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $0.53, cheapest $0.20)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$37.50Aug 21Sep 18$0.2081.2%60.0%
$25.00Aug 21Sep 18$0.4562.6%53.6%
$35.00Aug 21Sep 18$0.4868.4%60.4%
$30.00Aug 21Sep 18$0.6866.3%57.7%
$32.50Aug 21Sep 18$0.7165.4%60.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$25.00Aug 21Sep 18$0.3762.6%53.6%
$32.50Aug 21Sep 18$0.4065.4%60.2%
$35.00Aug 21Sep 18$0.4568.4%60.4%
$30.00Aug 21Sep 18$0.6866.3%57.7%
$27.50Aug 21Sep 18$0.8560.3%58.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 10 found (cheapest 10.72% of stock, avg 18.36%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$27.50Aug 21$2.38$0.73$3.11$24.39$30.6110.72%
$30.00Aug 21$1.27$2.00$3.27$26.73$33.2711.27%
$32.50Aug 21$0.52$3.95$4.47$28.03$36.9715.40%
$30.00Sep 18$1.95$2.68$4.63$25.37$34.6315.95%
$25.00Aug 21$4.50$0.20$4.70$20.30$29.7016.20%
$25.00Sep 18$4.95$0.57$5.52$19.48$30.5219.02%
$32.50Sep 18$1.23$4.35$5.58$26.92$38.0819.23%
$35.00Aug 21$0.22$5.85$6.07$28.93$41.0720.92%
$35.00Sep 18$0.70$6.30$7.00$28.00$42.0024.12%
$37.50Sep 18$0.38$8.55$8.93$28.57$46.4330.77%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 20 found (cheapest 1.31% of stock, avg 5.35%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$37.50$25.00Aug 21$0.18$0.20$0.38$24.62$37.88
$35.00$25.00Aug 21$0.22$0.20$0.42$24.58$35.42
$32.50$25.00Aug 21$0.52$0.20$0.72$24.28$33.22
$37.50$22.50Sep 18$0.38$0.40$0.78$21.72$38.28
$37.50$27.50Aug 21$0.18$0.73$0.91$26.59$38.41
$35.00$27.50Aug 21$0.22$0.73$0.95$26.55$35.95
$37.50$25.00Sep 18$0.38$0.57$0.95$24.05$38.45
$35.00$22.50Sep 18$0.70$0.40$1.10$21.40$36.10
$32.50$27.50Aug 21$0.52$0.73$1.25$26.25$33.75
$35.00$25.00Sep 18$0.70$0.57$1.27$23.73$36.27

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 12 found (best R:R 3.90, avg credit $1.28)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
30/3235/38Sep 18$1.99$0.513.90$30.51$36.99
25/2830/32Sep 18$1.73$0.772.25$25.77$31.73
28/3032/35Sep 18$1.63$0.871.87$28.37$34.13
28/3032/35Aug 21$1.57$0.931.69$28.43$34.07
25/2832/35Sep 18$1.54$0.961.60$25.96$34.04
28/3035/38Sep 18$1.42$1.081.31$28.58$36.42
25/2835/38Sep 18$1.33$1.171.14$26.17$36.33
25/2830/32Aug 21$1.28$1.221.05$26.22$31.28
22/2530/32Sep 18$0.89$1.610.55$24.11$30.89
25/2832/35Aug 21$0.83$1.670.50$26.67$33.33

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 14 found (best R:R 26.78, cheapest $0.09)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$30.00$32.50$35.00Sep 18$0.19$2.3112.16
$32.50$35.00$37.50Sep 18$0.21$2.2910.90
$32.50$35.00$37.50Aug 21$0.26$2.248.62
$27.50$30.00$32.50Aug 21$0.36$2.145.94
$22.50$25.00$27.50Aug 21$0.38$2.125.58
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$25.00$27.50$30.00Sep 18$0.09$2.4126.78
$30.00$32.50$35.00Sep 18$0.28$2.227.93
$32.50$35.00$37.50Sep 18$0.30$2.207.33
$27.50$30.00$32.50Sep 18$0.57$1.933.39
$27.50$30.00$32.50Aug 21$0.68$1.822.68

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 19 found (best net $-0.05, 13 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$35.00$37.501:2Sep 18-$0.06$2.44
$35.00$37.501:2Aug 21-$0.14$2.36
$27.50$30.001:2Aug 21-$0.16$2.34
$32.50$35.001:2Sep 18-$0.17$2.33
$25.00$27.501:2Aug 21-$0.26$2.24
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$32.50$30.001:2Aug 21-$0.05$2.45
$25.00$22.501:2Sep 18-$0.23$2.27
$30.00$27.501:2Sep 18-$0.48$2.02
$32.50$30.001:2Sep 18-$1.01$1.49
$35.00$32.501:2Aug 21-$2.05$0.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 6 found (best yield 5.51%, avg 2.50%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$30.00Sep 18$1.600.483.4%5.51%8.89%21111
$30.00Aug 21$0.900.463.4%3.10%6.48%852.2K
$32.50Sep 18$0.900.3412.0%3.10%15.09%7--
$35.00Sep 18$0.450.2220.6%1.55%22.16%15348
$32.50Aug 21$0.350.2412.0%1.21%13.20%1342.3K
$35.00Aug 21$0.150.1220.6%0.52%21.12%1382.3K

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 923
Total Puts 700
Put/Call Ratio 0.76
Net Difference 223

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 5,220
Total Puts 2,033
Average Put/Call Ratio 0.38
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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