XLK - Options Database

XLK

State StreetTechSelSectSPDRETF

$194.95 +2.94%

(9/21 15:40) ◀

Monday, September 21, 2026 (3:45pm)

▶ (9/21 15:50)

◀ 9/21 15:45 ▶

Option Volume

Detail

ℹ

Current (09/21 3:45pm) 63,310

Calls: 19,748 (31%)

Puts: 43,562 (69%)

Prior (09/18) 26,193

Calls: 18,492 (71%)

Puts: 7,701 (29%)

Current vs Prior +141.71%

Calls: +6.79% (Calls)

Puts: +465.67% (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 +118.20%

Calls: +38.66%

Puts: +194.89%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/21 3:45pm) $15.26M

Calls: $12.46M (82%)

Puts: $2.80M (18%)

Prior (09/18) $26.87M

Calls: $24.95M (93%)

Puts: $1.92M (7%)

Current vs Prior -43.21%

Calls: -50.07%

Puts: +45.89%

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 -49.40%

Calls: -49.81%

Puts: -47.47%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/21 3:45pm) 2.21

Prior (09/18) 0.42

Current vs Prior +429.69%

Prior 7-Day Average 1.11

Current vs Prior 7-Day Avg +98.42%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/21 3:45pm) 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 2.13% | 3.43%5.09% | 8.05%

Prior 2.46% | 3.54%1.33% | 4.96%

Current vs Prior -13.37% | -3.03%+283.24% | +62.26%

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

Current vs 7-Day Avg -3.33% | -4.97%+117.88% | +34.31%

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

Current vs 7-Day Eod -13.37% | -3.03%+283.24% | +62.26%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 15.72% | 7.58%

Calls: 20.34% | 10.81%

Puts: 11.11% | 4.35%

Prior 154.31% | 122.18%

Calls: 195.19% | 150.00%

Puts: 113.43% | 94.36%

Current vs Prior -89.81% | -93.80%

Prior 7-Day Avg 79.17% | 58.08%

Calls: 85.26% | 60.34%

Puts: 73.08% | 55.82%

Current vs 7-Day Avg -80.14% | -86.95%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 82% of dollar volume in calls ($12.46M) vs puts ($2.80M). Unusually high activity with volume up 142% vs prior - elevated interest. Volume explosion - 118% above 7-day average (63,310 vs avg 29,014). Extreme bearish P/C ratio of 2.21 - heavy put buying.

Smart Money BULLISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BEARISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

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
15:45	BULLISH	BEARISH	BEARISH
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 72 of results (avg 6.9%, best 1.0%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Oct 2	15.40	15.55	$15.48	1.0%	2	0.94	12
$164.00	Sep 25	30.25	31.25	$30.75	3.3%	15	1.00	--
$200.00	Oct 16	2.55	2.64	$2.60	3.5%	4.6K	0.34	1.6K
$163.00	Sep 25	31.15	32.25	$31.70	3.5%	29	1.00	--
$194.00	Oct 16	5.40	5.60	$5.50	3.6%	64	0.55	484

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 2	2.92	3.05	$2.99	4.3%	17	0.49	2
$205.00	Oct 16	10.60	11.20	$10.90	5.5%	3	0.81	3
$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
$193.00	Oct 2	2.11	2.24	$2.17	6.0%	79	0.39	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 19 found (avg $0.64, cheapest $0.79)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$197.50	Sep 25	0.73	0.85	$0.79	15.2%	64	0.29	11
$205.00	Oct 9	0.62	0.75	$0.69	18.8%	4	0.15	12
$210.00	Oct 16	0.42	0.50	$0.46	17.4%	597	0.10	183

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
$192.00	Sep 25	0.77	0.91	$0.84	16.7%	94	0.27	11
$192.50	Sep 25	0.89	0.99	$0.94	10.6%	39	0.30	8
$187.00	Oct 2	0.76	0.87	$0.82	13.4%	368	0.17	69
$188.00	Oct 2	0.87	1.06	$0.97	19.6%	15	0.20	20

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 127 found (avg delta 0.78, 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%	--	0.95	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	11.20	$10.90	5.5%	3	0.81	3

Most actively traded options today. High liquidity = easy entry/exit. 313 active (total vol 28.2K, top 4.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 16	2.55	2.64	$2.60	3.5%	4.6K	0.34	1.6K
$195.00	Oct 16	4.80	5.05	$4.93	5.1%	2.5K	0.51	2.5K
$210.00	Oct 16	0.42	0.50	$0.46	17.4%	597	0.10	183
$195.00	Oct 9	3.80	4.25	$4.03	11.2%	520	0.50	269
$195.00	Sep 25	1.67	1.96	$1.82	15.9%	475	0.50	592

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$190.00	Sep 25	0.45	0.62	$0.54	31.5%	1.5K	0.18	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
$178.00	Sep 25	0.03	0.05	$0.04	50.0%	1.1K	0.01	615
$172.00	Oct 23	0.61	0.71	$0.66	15.2%	1.0K	0.08	18

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 5.9%, max 12.8%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$190.00	Sep 25	Oct 30	26.9%	23.8%	12.8%	53	1.7K
$191.00	Sep 25	Oct 30	25.3%	23.4%	8.1%	54	433
$192.00	Sep 25	Oct 30	24.3%	23.2%	4.9%	63	470
$192.50	Sep 25	Oct 23	23.6%	22.8%	3.7%	33	94
$193.00	Sep 25	Oct 30	23.4%	23.2%	0.5%	37	67

PUTS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$190.00	Sep 25	Oct 30	26.9%	23.8%	12.8%	1.5K	20
$191.00	Sep 25	Oct 30	25.3%	23.4%	8.1%	65	130
$192.00	Sep 25	Oct 23	24.3%	23.2%	4.8%	98	12
$192.50	Sep 25	Oct 30	23.6%	22.9%	3.3%	43	10

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 152 found (best R:R 2.70, avg 3.46)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$177.00	$178.00	Oct 16	$0.27	$0.73	$0.27	90%	2.70	$177.27
$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	77%	1.63	$189.38

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
$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
$200.00	$197.00	Oct 16	$1.72	$1.28	$1.72	66%	0.74	$198.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 116 found (best R:R 5.67, avg 0.53)

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
$196.00	$197.00	Oct 2	$0.61	$0.61	$0.39	55%	1.56	$196.61
$200.00	$202.50	Oct 16	$0.89	$0.89	$1.61	66%	0.55	$200.89

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
$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
$187.50	$187.00	Oct 9	$0.24	$0.24	$0.26	76%	0.92	$187.26
$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. 11 found (avg debit $1.41, cheapest $1.08)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$193.00	Sep 25	Oct 2	$1.13	23.4%	22.7%
$197.00	Sep 25	Oct 2	$1.07	21.8%	21.5%
$192.50	Sep 25	Oct 2	$1.05	23.6%	23.6%
$194.00	Sep 25	Oct 2	$1.34	22.4%	22.4%
$195.00	Sep 25	Oct 2	$1.36	21.6%	21.9%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$193.00	Sep 25	Oct 2	$1.08	23.4%	22.7%
$192.50	Sep 25	Oct 2	$1.15	23.6%	23.6%
$194.00	Sep 25	Oct 2	$1.18	22.4%	22.4%
$195.00	Sep 25	Oct 2	$1.19	21.6%	21.9%
$196.00	Sep 25	Oct 30	$3.71	22.3%	25.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 98 found (cheapest 1.86% of stock, avg 5.62%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$195.00	Sep 25	$1.82	$1.80	$3.62	$191.38	$198.62	1.86%
$194.00	Sep 25	$2.36	$1.40	$3.76	$190.24	$197.76	1.93%
$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	$3.90	$0.84	$4.74	$187.26	$196.74	2.43%
$191.00	Sep 25	$4.45	$0.65	$5.10	$185.90	$196.10	2.62%
$200.00	Sep 25	$0.25	$5.70	$5.95	$194.05	$205.95	3.05%
$190.00	Sep 25	$5.50	$0.54	$6.04	$183.96	$196.04	3.10%
$195.00	Oct 2	$3.18	$2.99	$6.17	$188.83	$201.17	3.16%

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	$0.84	$1.50	$190.50	$199.50
$197.50	$191.00	Sep 25	$0.79	$0.65	$1.44	$189.56	$198.94
$197.50	$192.00	Sep 25	$0.79	$0.84	$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	$0.79	$0.94	$1.73	$190.77	$199.23
$197.00	$191.00	Sep 25	$0.94	$0.65	$1.59	$189.41	$198.59
$197.00	$192.00	Sep 25	$0.94	$0.84	$1.78	$190.22	$198.78
$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. 169 found (best R:R 1.94, avg credit $0.64)

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
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
187/188	199/200	Oct 9	$0.63	$0.37	42%	1.70	$186.87	$199.63
182/182	199/200	Oct 9	$0.50	$0.50	52%	1.00	$182.00	$199.50
189/190	199/200	Oct 9	$0.66	$0.34	35%	1.94	$189.34	$199.66
185/187	205/208	Oct 30	$1.40	$1.10	44%	1.27	$185.60	$206.40
189/190	198/199	Sep 25	$0.44	$0.56	57%	0.79	$189.56	$198.44
177/178	199/200	Oct 2	$0.36	$0.64	65%	0.56	$177.14	$199.36
185/187	208/210	Oct 30	$1.25	$1.25	50%	1.00	$185.75	$208.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 85 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 30	$0.07	$2.43	12%	34.71
$200.00	$202.50	$205.00	Oct 2	$0.17	$2.33	18%	13.71
$200.00	$202.50	$205.00	Sep 25	$0.09	$2.41	11%	26.78
$200.00	$202.50	$205.00	Oct 9	$0.16	$2.34	15%	14.63
$194.00	$195.00	$196.00	Sep 25	$0.06	$0.94	17%	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	42%	3.50
$193.00	$194.00	$195.00	Sep 25	$0.09	$0.91	16%	10.11
$190.00	$191.00	$192.00	Sep 25	$0.08	$0.92	9%	11.50
$192.00	$192.50	$193.00	Sep 25	$0.05	$0.45	7%	9.00
$180.00	$181.00	$182.00	Oct 2	$0.05	$0.95	3%	19.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 131 found (best net $-1.88, 122 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$200.00	$202.50	1:2	Oct 2	-$0.05	$2.45
$202.50	$205.00	1:2	Oct 9	-$0.27	$2.23
$215.00	$220.00	1:2	Oct 16	-$0.01	$4.99
$207.50	$210.00	1:2	Oct 16	-$0.18	$2.32
$198.00	$199.00	1:2	Sep 25	-$0.12	$0.88

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	-$3.60	$1.40
$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. 53 found (best yield 3.08%, avg 1.18%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$195.00	Oct 30	$6.00	0.51	0.0%	3.08%	3.10%	39	29
$196.00	Oct 30	$5.40	0.48	0.5%	2.77%	3.31%	3	12
$197.50	Oct 30	$4.75	0.45	1.3%	2.44%	3.74%	3	21
$198.00	Oct 30	$4.15	0.43	1.6%	2.13%	3.69%	4	34
$199.00	Oct 30	$3.80	0.41	2.1%	1.95%	4.03%	4	12
$200.00	Oct 30	$3.45	0.38	2.6%	1.77%	4.36%	34	47
$195.00	Oct 23	$5.30	0.51	0.0%	2.72%	2.74%	5	129
$202.50	Oct 30	$2.77	0.32	3.9%	1.42%	5.29%	18	26
$197.00	Oct 30	$4.10	0.46	1.1%	2.10%	3.15%	9	11
$196.00	Oct 23	$4.50	0.48	0.5%	2.31%	2.85%	5	2

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 19,748

Total Puts 43,562

Put/Call Ratio 2.21

Net Difference -23,814

Prior's Put/Call Breakdown

Total Calls 18,492

Total Puts 7,701

Put/Call Ratio 0.42

Net Difference 10,791

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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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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