XLK - Options Database

XLK

State StreetTechSelSectSPDRETF

$195.08 +3.01%

(9/21 15:35) ◀

Monday, September 21, 2026 (3:40pm)

▶ (9/21 15:45)

◀ 9/21 15:40 ▶

Option Volume

Detail

ℹ

Current (09/21 3:40pm) 36,861

Calls: 19,671 (53%)

Puts: 17,190 (47%)

Prior (09/18) 23,834

Calls: 16,455 (69%)

Puts: 7,379 (31%)

Current vs Prior +54.66%

Calls: +19.54% (Calls)

Puts: +132.96% (Puts)

Prior 7-Day Total 203,102

Calls: 99,695 (49%)

Puts: 103,407 (51%)

Prior 7-Day Average 29,014

Calls: 14,242 (49%)

Puts: 14,772 (51%)

Current vs Prior 7-Day Avg +27.04%

Calls: +38.12%

Puts: +16.37%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/21 3:40pm) $15.08M

Calls: $12.38M (82%)

Puts: $2.70M (18%)

Prior (09/18) $25.09M

Calls: $23.44M (93%)

Puts: $1.65M (7%)

Current vs Prior -39.90%

Calls: -47.19%

Puts: +63.86%

Prior 7-Day Total $211.05M

Calls: $173.72M (82%)

Puts: $37.33M (18%)

Prior 7-Day Average $30.15M

Calls: $24.82M (82%)

Puts: $5.33M (18%)

Current vs Prior 7-Day Avg -49.98%

Calls: -50.11%

Puts: -49.37%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/21 3:40pm) 0.87

Prior (09/18) 0.45

Current vs Prior +94.87%

Prior 7-Day Average 1.11

Current vs Prior 7-Day Avg -21.39%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/21 3:40pm) 657,948

Calls: 240,609 (37%)

Puts: 417,339 (63%)

Prior (09/18) 840,214

Calls: 294,433 (35%)

Puts: 545,781 (65%)

Current vs Prior -21.69%

Prior 7-Day Total 5,624,491

Calls: 1,972,236 (35%)

Puts: 3,652,255 (65%)

Prior 7-Day Average 803,498

Calls: 281,748 (35%)

Puts: 521,750 (65%)

Current vs Prior 7-Day Avg -18.11%

Sentiment BULLISH

Expected Move

Detail

ℹ

WKMO Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 2.25% | 3.49%5.09% | 8.24%

Prior 2.46% | 3.54%1.33% | 4.96%

Current vs Prior -8.84% | -1.51%+282.98% | +66.08%

Prior 7-Day Avg 2.21% | 3.61%2.34% | 6.00%

Current vs 7-Day Avg +1.71% | -3.47%+117.73% | +37.47%

Prior 7-Day Eod 2.46% | 3.54%1.33% | 4.96%

Current vs 7-Day Eod -8.84% | -1.51%+282.98% | +66.08%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 22.74% | 13.14%

Calls: 17.93% | 9.84%

Puts: 27.56% | 16.44%

Prior 154.31% | 122.18%

Calls: 195.19% | 150.00%

Puts: 113.43% | 94.36%

Current vs Prior -85.26% | -89.25%

Prior 7-Day Avg 79.17% | 58.08%

Calls: 85.26% | 60.34%

Puts: 73.08% | 55.82%

Current vs 7-Day Avg -71.28% | -77.38%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 82% of dollar volume in calls ($12.38M) vs puts ($2.70M). Above-average activity with volume up 55% vs prior. P/C ratio rising 95% - increased hedging/bearish positioning. Put-heavy open interest (417,339 puts vs 240,609 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 NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BEARISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
15:40	BULLISH	BULLISH	BULLISH
15:35	BULLISH	BULLISH	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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 69 of results (avg 7.3%, best 3.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$164.00	Sep 25	30.25	31.25	$30.75	3.3%	15	1.00	--
$163.00	Sep 25	31.15	32.25	$31.70	3.5%	29	1.00	--
$162.50	Sep 25	31.55	32.75	$32.15	3.7%	64	1.00	--
$160.00	Oct 16	34.55	35.95	$35.25	4.0%	4	1.00	30
$162.00	Sep 25	31.95	33.25	$32.60	4.0%	49	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$187.00	Oct 2	0.75	0.79	$0.77	5.2%	367	0.17	69
$195.00	Oct 16	4.30	4.55	$4.43	5.6%	242	0.49	14
$188.00	Oct 16	2.06	2.18	$2.12	5.7%	36	0.27	80
$210.00	Oct 16	15.00	15.95	$15.48	6.1%	--	0.90	10
$200.00	Oct 16	7.00	7.50	$7.25	6.9%	3	0.66	164

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 17 found (avg $0.62, cheapest $0.37)

CALLS (0)

No calls meet the criteria

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$189.00	Sep 25	0.33	0.40	$0.37	18.9%	78	0.13	1.2K
$190.00	Sep 25	0.44	0.49	$0.47	10.6%	1.5K	0.17	19
$192.50	Sep 25	0.89	0.99	$0.94	10.6%	38	0.30	8
$192.00	Sep 25	0.78	0.91	$0.85	15.3%	94	0.27	11
$187.00	Oct 2	0.75	0.79	$0.77	5.2%	367	0.17	69

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 127 found (avg delta 0.79, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$162.00	Sep 25	31.95	33.25	$32.60	4.0%	49	1.00	--
$162.50	Sep 25	31.55	32.75	$32.15	3.7%	64	1.00	--
$163.00	Sep 25	31.15	32.25	$31.70	3.5%	29	1.00	--
$164.00	Sep 25	30.25	31.25	$30.75	3.3%	15	1.00	--
$165.00	Sep 25	28.30	30.30	$29.30	6.8%	10	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$207.50	Oct 2	12.35	14.15	$13.25	13.6%	--	0.96	11
$205.00	Oct 2	9.95	11.10	$10.52	10.9%	--	0.92	10
$210.00	Oct 16	15.00	15.95	$15.48	6.1%	--	0.90	10
$200.00	Sep 25	5.05	6.35	$5.70	22.8%	1	0.88	14
$205.00	Oct 16	10.60	12.30	$11.45	14.8%	3	0.81	3

Most actively traded options today. High liquidity = easy entry/exit. 308 active (total vol 26.8K, top 4.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 16	2.48	2.66	$2.57	7.0%	4.6K	0.34	1.6K
$195.00	Oct 16	4.75	5.05	$4.90	6.1%	2.5K	0.51	2.5K
$210.00	Oct 16	0.42	0.58	$0.50	32.0%	597	0.10	183
$195.00	Oct 9	3.80	4.25	$4.03	11.2%	518	0.50	269
$195.00	Sep 25	1.67	2.00	$1.84	17.9%	473	0.50	592

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$190.00	Sep 25	0.44	0.49	$0.47	10.6%	1.5K	0.17	19
$193.00	Oct 16	3.45	3.80	$3.63	9.6%	1.3K	0.42	556
$165.00	Oct 16	0.25	0.31	$0.28	21.4%	1.3K	0.04	5.1K
$172.00	Oct 23	0.61	0.71	$0.66	15.2%	1.0K	0.08	18
$184.00	Sep 25	0.08	0.13	$0.11	45.5%	895	0.04	494

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 4.6%, max 8.7%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$190.00	Sep 25	Oct 30	25.5%	23.7%	7.5%	52	1.7K
$191.00	Sep 25	Oct 30	25.3%	23.8%	6.1%	54	433
$192.00	Sep 25	Oct 30	24.4%	23.1%	5.6%	63	470
$192.50	Sep 25	Oct 23	23.6%	22.9%	3.1%	33	94
$194.00	Sep 25	Oct 30	22.8%	22.2%	2.4%	132	136

PUTS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$190.00	Sep 25	Oct 30	25.8%	23.7%	8.7%	1.5K	20
$191.00	Sep 25	Oct 30	25.3%	23.8%	6.4%	65	130
$192.50	Sep 25	Oct 30	23.6%	22.8%	3.6%	42	10
$192.00	Sep 25	Oct 23	23.5%	23.2%	1.2%	98	12

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 151 found (best R:R 2.03, avg 3.51)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$181.00	$182.00	Oct 16	$0.33	$0.67	$0.33	86%	2.03	$181.33
$184.00	$185.00	Oct 30	$0.28	$0.72	$0.28	77%	2.57	$184.28
$189.00	$190.00	Oct 30	$0.25	$0.75	$0.25	66%	3.00	$189.25
$189.00	$190.00	Oct 2	$0.38	$0.62	$0.38	78%	1.63	$189.38
$183.00	$184.00	Oct 16	$0.52	$0.48	$0.52	83%	0.92	$183.52

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$190.00	$188.00	Oct 23	$0.39	$1.61	$0.39	35%	4.13	$189.61
$194.00	$193.00	Oct 30	$0.25	$0.75	$0.25	46%	3.00	$193.75
$192.50	$191.00	Oct 30	$0.40	$1.10	$0.40	42%	2.75	$192.10
$194.00	$193.00	Oct 9	$0.28	$0.72	$0.28	46%	2.57	$193.72
$190.00	$189.00	Oct 16	$0.18	$0.82	$0.18	33%	4.56	$189.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 114 found (best R:R 5.67, avg 0.51)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$196.00	$197.00	Oct 30	$0.85	$0.85	$0.15	52%	5.67	$196.85
$200.00	$202.50	Oct 23	$1.08	$1.08	$1.42	64%	0.76	$201.08
$196.00	$197.00	Oct 23	$0.69	$0.69	$0.31	52%	2.23	$196.69
$205.00	$207.50	Oct 30	$0.74	$0.74	$1.76	74%	0.42	$205.74
$198.00	$199.00	Oct 2	$0.50	$0.50	$0.50	65%	1.00	$198.50

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$187.00	$185.00	Oct 30	$0.75	$0.75	$1.25	70%	0.60	$186.25
$187.50	$187.00	Oct 9	$0.31	$0.31	$0.19	76%	1.63	$187.19
$181.00	$180.00	Oct 30	$0.32	$0.32	$0.68	81%	0.47	$180.68
$188.00	$187.00	Oct 23	$0.42	$0.42	$0.58	70%	0.72	$187.58
$189.00	$188.00	Oct 16	$0.40	$0.40	$0.60	70%	0.67	$188.60

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 10 found (avg debit $1.45, cheapest $1.34)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$194.00	Sep 25	Oct 2	$1.34	22.8%	22.4%
$197.00	Sep 25	Oct 2	$1.07	21.8%	21.5%
$193.00	Sep 25	Oct 2	$1.13	23.4%	23.2%
$195.00	Sep 25	Oct 2	$1.31	21.7%	21.9%
$196.00	Sep 25	Oct 2	$1.28	22.0%	23.0%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$193.00	Sep 25	Oct 2	$1.16	23.4%	23.2%
$194.00	Sep 25	Oct 2	$1.15	22.6%	22.4%
$192.50	Sep 25	Oct 2	$1.15	23.6%	23.5%
$195.00	Sep 25	Oct 2	$1.18	21.7%	21.9%
$196.00	Sep 25	Oct 30	$3.71	22.0%	25.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 97 found (cheapest 1.87% of stock, avg 5.60%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$195.00	Sep 25	$1.84	$1.81	$3.65	$191.35	$198.65	1.87%
$194.00	Sep 25	$2.36	$1.43	$3.79	$190.21	$197.79	1.94%
$196.00	Sep 25	$1.34	$2.54	$3.88	$192.12	$199.88	1.99%
$193.00	Sep 25	$3.07	$1.09	$4.16	$188.84	$197.16	2.13%
$192.50	Sep 25	$3.27	$0.94	$4.21	$188.29	$196.71	2.16%
$192.00	Sep 25	$3.93	$0.85	$4.78	$187.22	$196.78	2.45%
$191.00	Sep 25	$4.45	$0.65	$5.10	$185.90	$196.10	2.61%
$200.00	Sep 25	$0.25	$5.70	$5.95	$194.05	$205.95	3.05%
$190.00	Sep 25	$5.50	$0.47	$5.97	$184.03	$195.97	3.06%
$195.00	Oct 2	$3.15	$2.99	$6.14	$188.86	$201.14	3.15%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.67% of stock, avg 3.05%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$198.00	$191.00	Sep 25	$0.66	$0.65	$1.31	$189.69	$199.31
$198.00	$192.00	Sep 25	$0.66	$0.85	$1.51	$190.49	$199.51
$197.50	$191.00	Sep 25	$0.78	$0.65	$1.43	$189.57	$198.93
$197.50	$192.00	Sep 25	$0.78	$0.85	$1.63	$190.37	$199.13
$198.00	$192.50	Sep 25	$0.66	$0.94	$1.60	$190.90	$199.60
$197.50	$192.50	Sep 25	$0.78	$0.94	$1.72	$190.78	$199.22
$197.00	$191.00	Sep 25	$0.94	$0.65	$1.59	$189.41	$198.59
$197.00	$192.00	Sep 25	$0.94	$0.85	$1.79	$190.21	$198.79
$197.00	$192.50	Sep 25	$0.94	$0.94	$1.88	$190.62	$198.88
$198.00	$193.00	Sep 25	$0.66	$1.09	$1.75	$191.25	$199.75

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 161 found (best R:R 1.94, avg credit $0.65)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
185/186	199/200	Oct 9	$0.66	$0.34	46%	1.94	$185.34	$199.66
187/188	199/200	Oct 9	$0.70	$0.30	42%	2.33	$186.80	$199.70
185/187	205/208	Oct 30	$1.49	$1.01	45%	1.48	$185.51	$206.49
176/177	199/200	Oct 9	$0.49	$0.51	59%	0.96	$176.51	$199.49
181/182	199/200	Oct 9	$0.54	$0.46	53%	1.17	$181.46	$199.54
175/177	205/208	Oct 30	$1.07	$1.43	60%	0.75	$175.93	$206.07
182/182	199/200	Oct 9	$0.50	$0.50	52%	1.00	$182.00	$199.50
177/178	199/200	Oct 2	$0.36	$0.64	66%	0.56	$177.14	$199.36
189/190	199/200	Oct 9	$0.66	$0.34	35%	1.94	$189.34	$199.66
190/191	199/200	Oct 9	$0.67	$0.33	32%	2.03	$190.33	$199.67

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 76 found (best R:R 3.50, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$200.00	$202.50	$205.00	Oct 9	$0.06	$2.44	16%	40.67
$200.00	$202.50	$205.00	Oct 30	$0.08	$2.42	12%	30.25
$200.00	$202.50	$205.00	Sep 25	$0.09	$2.41	11%	26.78
$200.00	$202.50	$205.00	Oct 2	$0.19	$2.31	17%	12.16
$202.50	$205.00	$207.50	Oct 16	$0.15	$2.35	12%	15.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$195.00	$200.00	$205.00	Oct 2	$1.11	$3.89	43%	3.50
$193.00	$194.00	$195.00	Oct 2	$0.08	$0.92	10%	11.50
$189.00	$190.00	$191.00	Sep 25	$0.08	$0.92	9%	11.50
$180.00	$181.00	$182.00	Oct 2	$0.05	$0.95	3%	19.00
$192.00	$192.50	$193.00	Sep 25	$0.06	$0.44	7%	7.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 129 found (best net $-1.88, 121 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$200.00	$202.50	1:2	Oct 2	-$0.04	$2.46
$202.50	$205.00	1:2	Oct 9	-$0.07	$2.43
$215.00	$220.00	1:2	Oct 16	-$0.01	$4.99
$198.00	$199.00	1:2	Sep 25	-$0.12	$0.88
$200.00	$202.50	1:2	Oct 9	-$0.53	$1.97

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$205.00	$200.00	1:2	Oct 2	-$1.88	$3.12
$205.00	$200.00	1:2	Oct 16	-$3.05	$1.95
$169.00	$165.00	1:2	Oct 2	$0.00	$4.00
$165.00	$160.00	1:2	Oct 9	-$0.03	$4.97
$165.00	$160.00	1:2	Oct 30	-$0.14	$4.86

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 47 found (best yield 2.77%, avg 1.05%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$196.00	Oct 30	$5.40	0.48	0.5%	2.77%	3.24%	3	12
$197.50	Oct 30	$4.75	0.45	1.2%	2.43%	3.68%	3	21
$198.00	Oct 30	$4.15	0.43	1.5%	2.13%	3.62%	4	34
$199.00	Oct 30	$3.80	0.40	2.0%	1.95%	3.96%	4	12
$200.00	Oct 30	$3.45	0.38	2.5%	1.77%	4.29%	34	47
$202.50	Oct 30	$2.77	0.32	3.8%	1.42%	5.22%	18	26
$197.00	Oct 30	$4.10	0.45	1.0%	2.10%	3.09%	9	11
$196.00	Oct 23	$4.50	0.48	0.5%	2.31%	2.78%	5	2
$200.00	Oct 23	$3.05	0.36	2.5%	1.56%	4.09%	27	47
$197.00	Oct 16	$3.80	0.45	1.0%	1.95%	2.93%	95	267

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 19,671

Total Puts 17,190

Put/Call Ratio 0.87

Net Difference 2,481

Prior's Put/Call Breakdown

Total Calls 16,455

Total Puts 7,379

Put/Call Ratio 0.45

Net Difference 9,076

Prior 7-Day Put/Call Summary

Total Calls 99,695

Total Puts 103,407

Average Put/Call Ratio 1.11

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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