Tour v528
XLK
State StreetTechSelSectSPDRETF
$188.55 +0.26%
9/18 15:22

Option Volume

Detail
Current (09/18) 23,470
Calls: 16,282 (69%)
Puts: 7,188 (31%)
Prior (09/17) 26,770
Calls: 15,374 (57%)
Puts: 11,396 (43%)
Current vs Prior -12.33%
Calls: +5.91% (Calls)
Puts: -36.93% (Puts)
Prior 7-Day Total 193,529
Calls: 88,308 (46%)
Puts: 105,221 (54%)
Prior 7-Day Average 27,647
Calls: 12,615 (46%)
Puts: 15,031 (54%)
Current vs Prior 7-Day Avg -15.11%
Calls: +29.06%
Puts: -52.18%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/18) $24.93M
Calls: $23.31M (94%)
Puts: $1.62M (6%)
Prior (09/17) $36.24M
Calls: $31.70M (87%)
Puts: $4.54M (13%)
Current vs Prior -31.21%
Calls: -26.46%
Puts: -64.38%
Prior 7-Day Total $199.21M
Calls: $161.43M (81%)
Puts: $37.78M (19%)
Prior 7-Day Average $28.46M
Calls: $23.06M (81%)
Puts: $5.40M (19%)
Current vs Prior 7-Day Avg -12.40%
Calls: +1.09%
Puts: -70.03%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/18) 0.44
Prior (09/17) 0.74
Current vs Prior -40.44%
Prior 7-Day Average 1.22
Current vs Prior 7-Day Avg -63.94%
Sentiment BULLISH

Open Interest

Detail
Current (09/18) 840,214
Calls: 294,433 (35%)
Puts: 545,781 (65%)
Prior (09/17) 830,205
Calls: 289,674 (35%)
Puts: 540,531 (65%)
Current vs Prior +1.21%
Prior 7-Day Total 5,556,594
Calls: 1,951,847 (35%)
Puts: 3,604,747 (65%)
Prior 7-Day Average 793,799
Calls: 278,835 (35%)
Puts: 514,963 (65%)
Current vs Prior 7-Day Avg +5.85%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)
Current 0.68% | 2.39%0.68% | 4.99%
Prior 1.11% | 2.75%1.11% | 5.01%
Current vs Prior -38.43% | -12.99%-38.43% | -0.47%
Prior 7-Day Avg 2.12% | 3.60%2.64% | 6.28%
Current vs 7-Day Avg -67.68% | -33.54%-74.10% | -20.66%
Prior 7-Day Eod 1.11% | 2.75%1.11% | 5.01%
Current vs 7-Day Eod -38.43% | -12.99%-38.43% | -0.47%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 62.77% | 15.70%
Calls: 28.57% | 13.57%
Puts: 96.97% | 17.83%
Prior 92.87% | 49.91%
Calls: 77.98% | 63.98%
Puts: 107.75% | 35.84%
Current vs Prior -32.41% | -68.54%
Prior 7-Day Avg 62.70% | 44.73%
Calls: 63.99% | 41.66%
Puts: 61.41% | 47.80%
Current vs 7-Day Avg +0.11% | -64.90%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 94% of dollar volume in calls ($23.31M) vs puts ($1.62M). Extreme bullish P/C ratio of 0.44 - heavy call buying (16,282 calls vs 7,188 puts). P/C ratio dropping 40% - sentiment shifting bullish. Put-heavy open interest (545,781 puts vs 294,433 calls) suggests hedging or 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 NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 100 of results (avg 6.5%, best 0.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$151.00Sep 1837.4037.75$37.580.9%241.00341
$155.00Sep 1833.4533.95$33.701.5%2011.002.7K
$162.50Sep 1825.9526.55$26.252.3%461.001.8K
$154.00Sep 1833.9534.80$34.382.5%331.00143
$180.00Sep 188.458.70$8.572.9%301.002.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Oct 162.933.05$2.994.0%1390.374.3K
$190.00Oct 164.855.05$4.954.0%610.54400
$189.00Oct 164.404.60$4.504.4%330.51458
$190.00Oct 305.956.25$6.104.9%10.54--
$188.00Oct 163.954.15$4.054.9%250.4758

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 14 found (avg $0.64, cheapest $0.62)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$192.00Sep 250.590.65$0.629.7%810.23404
$191.00Sep 250.850.93$0.899.0%2880.29126
$196.00Oct 20.510.58$0.5413.0%40.1554
$195.00Oct 20.670.78$0.7315.1%90.18683
$205.00Oct 160.270.31$0.2913.8%1100.07473
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Sep 250.260.31$0.2917.2%1240.091.8K
$182.00Sep 250.410.47$0.4413.6%80.141.3K
$185.00Sep 250.830.93$0.8811.4%1060.261.1K
$180.00Oct 20.810.97$0.8918.0%220.17331
$171.00Oct 160.690.77$0.7311.0%90.10750

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 131 found (avg delta 0.81, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$151.00Sep 1837.4037.75$37.580.9%241.00341
$152.50Sep 1835.1036.25$35.673.2%191.00639
$154.00Sep 1833.9534.80$34.382.5%331.00143
$155.00Sep 1833.4533.95$33.701.5%2011.002.7K
$156.00Sep 1831.4033.05$32.225.1%1391.00155
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Sep 1811.0012.35$11.6811.6%120.9912
$195.00Sep 186.257.00$6.6311.3%50.995
$192.50Sep 183.654.50$4.0820.8%--0.99121
$200.00Sep 2511.4512.55$12.009.2%160.997
$210.00Oct 1621.3522.85$22.106.8%--0.9710

Most actively traded options today. High liquidity = easy entry/exit. 299 active (total vol 17.4K, top 2.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Oct 161.791.91$1.856.5%2.3K0.28574
$192.00Oct 162.913.05$2.984.7%1.7K0.391.1K
$190.00Sep 251.151.33$1.2414.5%1.3K0.37369
$190.00Oct 163.803.95$3.883.9%4350.461.8K
$157.50Sep 1830.3031.50$30.903.9%4231.001.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$189.00Sep 252.092.50$2.3017.8%1.2K0.5521
$175.00Oct 161.061.15$1.118.1%5230.152.5K
$187.50Sep 180.010.05$0.03133.3%2070.09689
$188.00Sep 180.040.15$0.10110.0%1740.25130
$187.00Sep 180.000.05$0.03166.7%1670.06733

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 229.6%, max 746.2%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$192.00Sep 18Oct 30201.5%23.8%746.2%34234
$189.00Sep 18Oct 3036.4%24.2%50.4%119315
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$188.00Sep 18Oct 2333.4%20.6%61.7%176131
$189.00Sep 18Oct 1636.4%22.7%60.0%60480

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 189 found (best R:R 1.22, avg 4.72)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$176.00$177.00Sep 18$0.45$0.55$0.45100%1.22$176.45
$179.00$180.00Sep 18$0.63$0.37$0.63100%0.59$179.63
$172.50$173.00Sep 18$0.30$0.20$0.30100%0.67$172.80
$179.00$180.00Oct 16$0.60$0.40$0.6078%0.67$179.60
$182.50$183.00Sep 25$0.25$0.25$0.2586%1.00$182.75
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$190.00$187.50Oct 30$0.85$1.65$0.8554%1.94$189.15
$185.00$183.00Oct 9$0.37$1.63$0.3736%4.41$184.63
$192.00$188.00Oct 9$2.03$1.97$2.0365%0.97$189.97
$186.00$185.00Oct 23$0.17$0.83$0.1742%4.88$185.83
$169.00$165.00Oct 23$0.11$3.89$0.1110%35.36$168.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 150 found (best R:R 0.71, avg 0.42)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$212.50$215.00Sep 18$1.04$1.04$1.4688%0.71$213.54
$220.00$225.00Sep 18$0.97$0.97$4.0390%0.24$220.97
$192.00$192.50Sep 18$0.35$0.35$0.1582%2.33$192.35
$193.00$195.00Oct 23$0.83$0.83$1.1764%0.71$193.83
$202.50$205.00Sep 18$0.19$0.19$2.3194%0.08$202.69
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$184.00$183.00Sep 18$0.23$0.23$0.7788%0.30$183.77
$187.50$187.00Oct 2$0.36$0.36$0.1454%2.57$187.14
$183.00$182.50Oct 9$0.27$0.27$0.2370%1.17$182.73
$187.50$187.00Oct 9$0.33$0.33$0.1753%1.94$187.17
$177.50$177.00Oct 2$0.16$0.16$0.3486%0.47$177.34

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 1 found (avg debit $0.60, cheapest $0.60)

CALLS (0)
No calls found
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$192.00Oct 2Oct 9$0.6020.5%21.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 107 found (cheapest 0.39% of stock, avg 5.07%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$188.00Sep 18$0.63$0.10$0.73$187.27$188.730.39%
$189.00Sep 18$0.08$0.66$0.74$188.26$189.740.39%
$187.50Sep 18$1.05$0.03$1.08$186.42$188.580.57%
$190.00Sep 18$0.03$1.38$1.41$188.59$191.410.75%
$187.00Sep 18$1.60$0.03$1.63$185.37$188.630.86%
$186.00Sep 18$2.42$0.03$2.45$183.55$188.451.30%
$191.00Sep 18$0.11$2.53$2.64$188.36$193.641.40%
$185.00Sep 18$3.55$0.01$3.56$181.44$188.561.89%
$189.00Sep 25$1.72$2.30$4.02$184.98$193.022.13%
$188.00Sep 25$2.21$1.82$4.03$183.97$192.032.14%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 170 found (cheapest 0.06% of stock, avg 2.83%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$189.00$187.50Sep 18$0.08$0.03$0.11$187.39$189.11
$189.00$187.00Sep 18$0.08$0.03$0.11$186.89$189.11
$191.00$187.50Sep 18$0.11$0.03$0.14$187.36$191.14
$191.00$187.00Sep 18$0.11$0.03$0.14$186.86$191.14
$189.00$188.00Sep 18$0.08$0.10$0.18$187.82$189.18
$191.00$188.00Sep 18$0.11$0.10$0.21$187.79$191.21
$189.00$184.00Sep 18$0.08$0.24$0.32$183.68$189.32
$191.00$184.00Sep 18$0.11$0.24$0.35$183.65$191.35
$192.00$187.50Sep 18$0.36$0.03$0.39$187.11$192.39
$192.00$187.00Sep 18$0.36$0.03$0.39$186.61$192.39

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 255 found (best R:R 1.03, avg credit $0.45)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
183/184212/215Sep 18$1.27$1.2376%1.03$182.73$213.77
183/184192/192Sep 18$0.58$0.4270%1.38$183.42$192.58
177/178192/192Oct 2$0.38$0.1255%3.17$177.12$192.38
164/165199/200Sep 25$0.21$0.7992%0.27$164.79$199.21
164/165197/198Sep 25$0.21$0.7991%0.27$164.79$197.21
175/176199/200Oct 9$0.37$0.6374%0.59$175.63$199.37
177/178192/193Oct 2$0.31$0.1958%1.63$177.19$192.81
183/184220/225Sep 18$1.20$3.8078%0.32$182.80$221.20
185/186199/200Sep 25$0.47$0.5362%0.89$185.53$199.47
182/183192/192Oct 2$0.37$0.1342%2.85$182.63$192.37

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 94 found (best R:R 5.25, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$188.00$189.00$190.00Sep 18$0.50$0.5081%1.00
$205.00$210.00$215.00Oct 16$0.10$4.906%49.00
$200.00$205.00$210.00Oct 16$0.29$4.7112%16.24
$185.00$186.00$187.00Sep 25$0.07$0.9314%13.29
$190.00$191.00$192.00Sep 25$0.08$0.9214%11.50
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$188.00$189.00$190.00Sep 18$0.16$0.8467%5.25
$160.00$165.00$170.00Oct 30$0.10$4.907%49.00
$155.00$160.00$165.00Oct 30$0.09$4.915%54.56
$189.00$190.00$191.00Sep 25$0.06$0.9416%15.67
$160.00$165.00$170.00Oct 16$0.12$4.886%40.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 162 found (best net $-2.20, 138 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$187.50$188.001:2Sep 18-$0.21$0.29
$186.00$187.001:2Sep 18-$0.78$0.22
$210.00$225.001:2Oct 2-$0.09$14.91
$205.00$210.001:2Oct 2-$0.10$4.90
$210.00$215.001:2Sep 25-$0.08$4.92
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$200.001:2Oct 16-$2.20$7.80
$200.00$195.001:2Sep 18-$1.58$3.42
$195.00$192.501:2Sep 18-$1.53$0.97
$191.00$190.001:2Sep 18-$0.23$0.77
$192.00$188.001:2Oct 9-$1.67$2.33

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 74 found (best yield 2.84%, avg 0.89%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$189.00Oct 30$5.350.490.2%2.84%3.08%--51
$192.00Oct 30$4.150.411.8%2.20%4.03%63
$190.00Oct 30$4.850.460.8%2.57%3.34%157
$191.00Oct 30$4.300.441.3%2.28%3.58%244
$194.00Oct 30$3.350.362.9%1.78%4.67%326
$193.00Oct 30$3.550.382.4%1.88%4.24%221
$195.00Oct 30$2.900.333.4%1.54%4.96%426
$196.00Oct 30$2.650.314.0%1.41%5.36%512
$190.00Oct 23$4.150.450.8%2.20%2.97%--31
$197.00Oct 30$2.330.284.5%1.24%5.72%511

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 16,282
Total Puts 7,188
Put/Call Ratio 0.44
Net Difference 9,094

Prior's Put/Call Breakdown

Total Calls 15,374
Total Puts 11,396
Put/Call Ratio 0.74
Net Difference 3,978

Prior 7-Day Put/Call Summary

Total Calls 88,308
Total Puts 105,221
Average Put/Call Ratio 1.22
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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