Tour v492
SM
SM ENERGY CO
$29.96 -3.51%
8/5 14:09

Option Volume

Detail
Current (08/05 2:05pm) 1,173
Calls: 705 (60%)
Puts: 468 (40%)
Prior (08/04) 534
Calls: 453 (85%)
Puts: 81 (15%)
Current vs Prior +119.66%
Calls: +55.63% (Calls)
Puts: +477.78% (Puts)
Prior 7-Day Total 11,654
Calls: 9,838 (84%)
Puts: 1,816 (16%)
Prior 7-Day Average 2,330
Calls: 1,405 (84%)
Puts: 259 (16%)
Current vs Prior 7-Day Avg -49.67%
Calls: -49.84%
Puts: +80.40%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/05 2:05pm) $460.3K
Calls: $251.8K (55%)
Puts: $208.5K (45%)
Prior (08/04) $157.4K
Calls: $141.6K (90%)
Puts: $15.8K (10%)
Current vs Prior +192.37%
Calls: +77.80%
Puts: +1219.02%
Prior 7-Day Total $5.11M
Calls: $4.83M (94%)
Puts: $281.3K (6%)
Prior 7-Day Average $1.02M
Calls: $689.5K (94%)
Puts: $40.2K (6%)
Current vs Prior 7-Day Avg -54.94%
Calls: -63.48%
Puts: +418.77%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/05 2:05pm) 0.66
Prior (08/04) 0.18
Current vs Prior +271.25%
Prior 7-Day Average 0.18
Current vs Prior 7-Day Avg +278.54%
Sentiment BULLISH

Open Interest

Detail
Current (08/05 2:05pm) 72,970
Calls: 54,942 (75%)
Puts: 18,028 (25%)
Prior (08/04) 72,784
Calls: 54,781 (75%)
Puts: 18,003 (25%)
Current vs Prior +0.26%
Prior 7-Day Total 308,794
Calls: 214,165 (69%)
Puts: 94,629 (31%)
Prior 7-Day Average 61,758
Calls: 42,833 (69%)
Puts: 18,925 (31%)
Current vs Prior 7-Day Avg +18.15%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 10.45% | 15.62%
Prior 9.01% | 14.42%
Current vs Prior +15.92% | +8.33%
Prior 7-Day Avg 29.27% | 32.63%
Current vs 7-Day Avg -64.31% | -52.13%
Prior 7-Day Eod 9.01% | 14.42%
Current vs 7-Day Eod +15.92% | +8.33%
Sentiment BEARISH

Relative Spread

Detail
Expiry | Next
Current 14.42% | 9.62%
Calls: 19.35% | 8.51%
Puts: 9.49% | 10.73%
Prior 16.57% | 12.75%
Calls: 19.48% | 15.82%
Puts: 13.66% | 9.69%
Current vs Prior -12.98% | -24.55%
Prior 7-Day Avg 26.21% | 44.09%
Calls: 18.62% | 18.04%
Puts: 33.81% | 70.14%
Current vs 7-Day Avg -44.99% | -78.18%
Liquidity Expensive
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🤖 AI Insights

Massive premium surge with dollar volume up 192% vs prior. Unusually high activity with volume up 120% vs prior - elevated interest. Bullish P/C ratio of 0.66. P/C ratio rising 271% - 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 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 8 of results (avg 7.3%, best 5.2%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Sep 185.405.70$5.555.4%40.8419
$25.00Aug 214.905.30$5.107.8%80.89628
$27.50Sep 183.603.90$3.758.0%--0.7033
$30.00Sep 182.252.45$2.358.5%210.53111
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Sep 185.605.90$5.755.2%920.76230
$32.50Aug 213.103.30$3.206.2%10.71863
$32.50Sep 183.704.00$3.857.8%80.62169
$30.00Aug 211.501.65$1.589.5%410.481.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.77, cheapest $0.77)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Sep 180.700.85$0.7719.5%120.24348
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 10 found (avg delta 0.72, highest 0.89)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$25.00Aug 214.905.30$5.107.8%80.89628
$25.00Sep 185.405.70$5.555.4%40.8419
$27.50Aug 212.953.30$3.1311.2%--0.76691
$27.50Sep 183.603.90$3.758.0%--0.7033
$30.00Sep 182.252.45$2.358.5%210.53111
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 215.105.70$5.4011.1%40.8684
$35.00Sep 185.605.90$5.755.2%920.76230
$32.50Aug 213.103.30$3.206.2%10.71863
$32.50Sep 183.704.00$3.857.8%80.62169

Most actively traded options today. High liquidity = easy entry/exit. 18 active (total vol 538, top 123)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$32.50Aug 210.600.75$0.6822.1%1230.292.3K
$35.00Aug 210.200.35$0.2853.6%1120.142.3K
$30.00Aug 211.401.70$1.5519.4%540.522.2K
$30.00Sep 182.252.45$2.358.5%210.53111
$35.00Sep 180.700.85$0.7719.5%120.24348
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Sep 185.605.90$5.755.2%920.76230
$30.00Aug 211.501.65$1.589.5%410.481.1K
$27.50Sep 181.051.35$1.2025.0%280.30199
$30.00Sep 182.202.45$2.3310.7%130.4756
$32.50Sep 183.704.00$3.857.8%80.62169

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 17.1%, max 32.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$25.00Aug 21Sep 1873.2%55.4%32.2%12647
$30.00Aug 21Sep 1863.3%54.8%15.5%752.3K
$27.50Aug 21Sep 1863.1%55.2%14.2%--724
$35.00Aug 21Sep 1865.0%57.1%13.9%1242.6K
$32.50Aug 21Sep 1863.3%57.7%9.8%1282.6K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$25.00Aug 21Sep 1873.2%55.4%32.2%52.4K
$30.00Aug 21Sep 1863.3%54.8%15.5%541.2K
$27.50Aug 21Sep 1863.1%55.2%14.2%351.7K
$35.00Aug 21Sep 1865.0%57.1%13.9%96314
$32.50Aug 21Sep 1863.3%57.7%9.8%91.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 12 found (best R:R 6.14, avg 2.15)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$32.50$35.00Aug 21$0.40$2.10$0.405.25$32.90
$32.50$35.00Sep 18$0.63$1.87$0.632.97$33.13
$30.00$32.50Aug 21$0.87$1.63$0.871.87$30.87
$30.00$32.50Sep 18$0.95$1.55$0.951.63$30.95
$27.50$30.00Sep 18$1.40$1.10$1.400.79$28.90
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$27.50$25.00Aug 21$0.35$2.15$0.356.14$27.15
$27.50$25.00Sep 18$0.70$1.80$0.702.57$26.80
$30.00$27.50Aug 21$0.98$1.52$0.981.55$29.02
$30.00$27.50Sep 18$1.13$1.37$1.131.21$28.87
$32.50$30.00Sep 18$1.52$0.98$1.520.64$30.98

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 16 found (best R:R 7.33, avg 1.68)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$25.00$27.50Aug 21$1.97$1.97$0.533.72$26.97
$25.00$27.50Sep 18$1.80$1.80$0.702.57$26.80
$27.50$30.00Aug 21$1.58$1.58$0.921.72$29.08
$27.50$30.00Sep 18$1.40$1.40$1.101.27$28.90
$30.00$32.50Sep 18$0.95$0.95$1.550.61$30.95
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$35.00$32.50Aug 21$2.20$2.20$0.307.33$32.80
$35.00$32.50Sep 18$1.90$1.90$0.603.17$33.10
$32.50$30.00Aug 21$1.62$1.62$0.881.84$30.88
$32.50$30.00Sep 18$1.52$1.52$0.981.55$30.98
$30.00$27.50Sep 18$1.13$1.13$1.370.82$28.87

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $0.57, cheapest $0.25)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$25.00Aug 21Sep 18$0.4573.2%55.4%
$35.00Aug 21Sep 18$0.4965.0%57.1%
$27.50Aug 21Sep 18$0.6263.1%55.2%
$32.50Aug 21Sep 18$0.7263.3%57.7%
$30.00Aug 21Sep 18$0.8063.3%54.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$25.00Aug 21Sep 18$0.2573.2%55.4%
$35.00Aug 21Sep 18$0.3565.0%57.1%
$27.50Aug 21Sep 18$0.6063.1%55.2%
$32.50Aug 21Sep 18$0.6563.3%57.7%
$30.00Aug 21Sep 18$0.7563.3%54.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 10 found (cheapest 10.45% of stock, avg 16.43%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$30.00Aug 21$1.55$1.58$3.13$26.87$33.1310.45%
$27.50Aug 21$3.13$0.60$3.73$23.77$31.2312.45%
$32.50Aug 21$0.68$3.20$3.88$28.62$36.3812.95%
$30.00Sep 18$2.35$2.33$4.68$25.32$34.6815.62%
$27.50Sep 18$3.75$1.20$4.95$22.55$32.4516.52%
$32.50Sep 18$1.40$3.85$5.25$27.25$37.7517.52%
$25.00Aug 21$5.10$0.25$5.35$19.65$30.3517.86%
$35.00Aug 21$0.28$5.40$5.68$29.32$40.6818.96%
$25.00Sep 18$5.55$0.50$6.05$18.95$31.0520.19%
$35.00Sep 18$0.77$5.75$6.52$28.48$41.5221.76%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 12 found (cheapest 1.77% of stock, avg 6.21%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$35.00$25.00Aug 21$0.28$0.25$0.53$24.47$35.53
$35.00$27.50Aug 21$0.28$0.60$0.88$26.62$35.88
$32.50$25.00Aug 21$0.68$0.25$0.93$24.07$33.43
$35.00$25.00Sep 18$0.77$0.50$1.27$23.73$36.27
$32.50$27.50Aug 21$0.68$0.60$1.28$26.22$33.78
$35.00$30.00Aug 21$0.28$1.58$1.86$28.14$36.86
$32.50$25.00Sep 18$1.40$0.50$1.90$23.10$34.40
$35.00$27.50Sep 18$0.77$1.20$1.97$25.53$36.97
$32.50$30.00Aug 21$0.68$1.58$2.26$27.74$34.76
$32.50$27.50Sep 18$1.40$1.20$2.60$24.90$35.10

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 6 found (best R:R 2.38, avg credit $1.35)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
28/3032/35Sep 18$1.76$0.742.38$28.24$34.26
25/2830/32Sep 18$1.65$0.851.94$25.85$31.65
28/3032/35Aug 21$1.38$1.121.23$28.62$33.88
25/2832/35Sep 18$1.33$1.171.14$26.17$33.83
25/2830/32Aug 21$1.22$1.280.95$26.28$31.22
25/2832/35Aug 21$0.75$1.750.43$26.75$33.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 12 found (best R:R 6.81, cheapest $0.32)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$30.00$32.50$35.00Sep 18$0.32$2.186.81
$25.00$27.50$30.00Aug 21$0.39$2.115.41
$25.00$27.50$30.00Sep 18$0.40$2.105.25
$27.50$30.00$32.50Sep 18$0.45$2.054.56
$30.00$32.50$35.00Aug 21$0.47$2.034.32
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$30.00$32.50$35.00Sep 18$0.38$2.125.58
$27.50$30.00$32.50Sep 18$0.39$2.115.41
$25.00$27.50$30.00Sep 18$0.43$2.074.81
$30.00$32.50$35.00Aug 21$0.58$1.923.31
$25.00$27.50$30.00Aug 21$0.63$1.872.97

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 16 found (best net $-0.07, 9 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$32.50$35.001:2Sep 18-$0.14$2.36
$30.00$32.501:2Sep 18-$0.45$2.05
$27.50$30.001:2Sep 18-$0.95$1.55
$25.00$27.501:2Aug 21-$1.16$1.34
$25.00$27.501:2Sep 18-$1.95$0.55
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$30.00$27.501:2Sep 18-$0.07$2.43
$32.50$30.001:2Sep 18-$0.81$1.69
$35.00$32.501:2Aug 21-$1.00$1.50
$35.00$32.501:2Sep 18-$1.95$0.55
$32.50$30.001:2Aug 21$0.04$2.46

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 6 found (best yield 7.51%, avg 3.59%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$30.00Sep 18$2.250.530.1%7.51%7.64%21111
$30.00Aug 21$1.400.520.1%4.67%4.81%542.2K
$32.50Sep 18$1.300.388.5%4.34%12.82%5297
$35.00Sep 18$0.700.2416.8%2.34%19.16%12348
$32.50Aug 21$0.600.298.5%2.00%10.48%1232.3K
$35.00Aug 21$0.200.1416.8%0.67%17.49%1122.3K

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 705
Total Puts 468
Put/Call Ratio 0.66
Net Difference 237

Prior's Put/Call Breakdown

Total Calls 453
Total Puts 81
Put/Call Ratio 0.18
Net Difference 372

Prior 7-Day Put/Call Summary

Total Calls 9,838
Total Puts 1,816
Average Put/Call Ratio 0.18
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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