XLK - Options Database

XLK

State StreetTechSelSectSPDRETF

$194.82 +2.87%

(9/21 15:45) ◀

Monday, September 21, 2026 (3:50pm)

▶ (9/21 15:55)

◀ 9/21 15:50 ▶

Option Volume

Detail

ℹ

Current (09/21 3:50pm) 64,271

Calls: 19,843 (31%)

Puts: 44,428 (69%)

Prior (09/18) 26,437

Calls: 18,688 (71%)

Puts: 7,749 (29%)

Current vs Prior +143.11%

Calls: +6.18% (Calls)

Puts: +473.34% (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 +121.51%

Calls: +39.33%

Puts: +200.75%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/21 3:50pm) $15.73M

Calls: $12.64M (80%)

Puts: $3.09M (20%)

Prior (09/18) $27.36M

Calls: $25.49M (93%)

Puts: $1.87M (7%)

Current vs Prior -42.51%

Calls: -50.41%

Puts: +64.94%

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 -47.82%

Calls: -49.06%

Puts: -42.02%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/21 3:50pm) 2.24

Prior (09/18) 0.41

Current vs Prior +439.97%

Prior 7-Day Average 1.11

Current vs Prior 7-Day Avg +101.40%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/21 3:50pm) 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 2.28% | 3.41%5.18% | 8.08%

Prior 2.46% | 3.54%1.33% | 4.96%

Current vs Prior -7.47% | -3.55%+290.06% | +62.89%

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

Current vs 7-Day Avg +3.24% | -5.48%+121.76% | +34.83%

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

Current vs 7-Day Eod -7.47% | -3.55%+290.06% | +62.89%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 30.23% | 17.44%

Calls: 27.64% | 10.81%

Puts: 32.83% | 24.07%

Prior 154.31% | 122.18%

Calls: 195.19% | 150.00%

Puts: 113.43% | 94.36%

Current vs Prior -80.41% | -85.73%

Prior 7-Day Avg 79.17% | 58.08%

Calls: 85.26% | 60.34%

Puts: 73.08% | 55.82%

Current vs 7-Day Avg -61.82% | -69.97%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 80% of dollar volume in calls ($12.64M) vs puts ($3.09M). Unusually high activity with volume up 143% vs prior - elevated interest. Volume explosion - 122% above 7-day average (64,271 vs avg 29,014). Extreme bearish P/C ratio of 2.24 - 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
15:50	BULLISH	BEARISH	BEARISH
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

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 43 of results (avg 7.5%, best 1.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Oct 2	15.30	15.60	$15.45	1.9%	4	0.94	12
$175.00	Sep 25	19.50	20.30	$19.90	4.0%	--	1.00	75
$160.00	Oct 16	34.55	36.00	$35.28	4.1%	4	0.97	30
$182.00	Oct 16	14.10	14.70	$14.40	4.2%	4	0.85	54
$194.00	Oct 16	5.40	5.65	$5.53	4.5%	64	0.55	484

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$205.00	Oct 16	10.60	11.20	$10.90	5.5%	3	0.81	3
$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	0.65	164

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.85, cheapest $0.90)

CALLS (0)

No calls meet the criteria

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$192.50	Sep 25	0.81	0.99	$0.90	20.0%	39	0.30	8
$180.00	Oct 16	0.89	1.03	$0.96	14.6%	104	0.13	1.6K
$172.00	Oct 23	0.61	0.74	$0.68	19.1%	1.0K	0.08	18

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	31.30	34.20	$32.75	8.9%	52	1.00	--
$162.50	Sep 25	30.70	33.70	$32.20	9.3%	67	1.00	--
$163.00	Sep 25	30.00	32.80	$31.40	8.9%	29	1.00	--
$164.00	Sep 25	30.25	32.65	$31.45	7.6%	15	1.00	--
$165.00	Sep 25	28.10	30.65	$29.38	8.7%	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	11.20	$10.90	5.5%	3	0.81	3

Most actively traded options today. High liquidity = easy entry/exit. 317 active (total vol 29.1K, top 4.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 16	2.35	2.66	$2.51	12.4%	4.6K	0.35	1.6K
$195.00	Oct 16	4.75	5.40	$5.08	12.8%	2.5K	0.51	2.5K
$210.00	Oct 16	0.35	0.60	$0.48	52.1%	599	0.10	183
$195.00	Oct 9	3.35	5.00	$4.18	39.5%	520	0.50	269
$195.00	Sep 25	1.67	2.00	$1.84	17.9%	475	0.50	592

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$178.00	Sep 25	0.00	0.23	$0.12	191.7%	1.6K	0.01	615
$190.00	Sep 25	0.39	0.80	$0.60	68.3%	1.5K	0.17	19
$193.00	Oct 16	3.45	4.10	$3.78	17.2%	1.3K	0.42	556
$165.00	Oct 16	0.25	0.43	$0.34	52.9%	1.3K	0.04	5.1K
$172.00	Oct 23	0.61	0.74	$0.68	19.1%	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. 8 strikes (avg 6.2%, max 10.9%)

CALLS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$190.00	Sep 25	Oct 30	26.6%	24.0%	10.9%	53	1.7K
$191.00	Sep 25	Oct 30	25.3%	23.5%	7.4%	54	433
$192.00	Sep 25	Oct 30	24.3%	23.3%	4.2%	63	470
$192.50	Sep 25	Oct 23	23.6%	23.1%	2.5%	33	94

PUTS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$190.00	Sep 25	Oct 30	26.6%	24.0%	10.9%	1.5K	20
$191.00	Sep 25	Oct 30	25.3%	23.5%	7.4%	65	130
$192.00	Sep 25	Oct 23	24.3%	23.5%	3.6%	98	12
$192.50	Sep 25	Oct 30	23.6%	23.0%	2.6%	43	10

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 155 found (best R:R 6.69, avg 4.83)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$188.00	$189.00	Oct 9	$0.13	$0.87	$0.13	75%	6.69	$188.13
$184.00	$185.00	Oct 30	$0.28	$0.72	$0.28	77%	2.57	$184.28
$181.00	$182.00	Oct 16	$0.38	$0.62	$0.38	86%	1.63	$181.38
$177.00	$178.00	Oct 16	$0.43	$0.57	$0.43	90%	1.33	$177.43
$179.00	$180.00	Oct 16	$0.43	$0.57	$0.43	88%	1.33	$179.43

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$192.00	$190.00	Oct 23	$0.40	$1.60	$0.40	40%	4.00	$191.60
$194.00	$193.00	Oct 16	$0.17	$0.83	$0.17	45%	4.88	$193.83
$194.00	$193.00	Oct 2	$0.22	$0.78	$0.22	44%	3.55	$193.78
$190.00	$188.00	Oct 23	$0.47	$1.53	$0.47	34%	3.26	$189.53
$194.00	$193.00	Oct 9	$0.29	$0.71	$0.29	46%	2.45	$193.71

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 122 found (best R:R 1.58, avg 0.62)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$200.00	$202.50	Oct 23	$1.53	$1.53	$0.97	63%	1.58	$201.53
$199.00	$200.00	Oct 16	$0.76	$0.76	$0.24	62%	3.17	$199.76
$195.00	$196.00	Oct 16	$0.86	$0.86	$0.14	49%	6.14	$195.86
$196.00	$197.00	Oct 30	$0.82	$0.82	$0.18	51%	4.56	$196.82
$196.00	$197.00	Oct 2	$0.70	$0.70	$0.30	55%	2.33	$196.70

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$189.00	$188.00	Oct 16	$0.60	$0.60	$0.40	70%	1.50	$188.40
$191.00	$190.00	Oct 16	$0.58	$0.58	$0.42	64%	1.38	$190.42
$190.00	$189.00	Sep 25	$0.33	$0.33	$0.67	82%	0.49	$189.67
$193.00	$192.50	Oct 30	$0.40	$0.40	$0.10	56%	4.00	$192.60
$188.00	$187.00	Oct 23	$0.44	$0.44	$0.56	70%	0.79	$187.56

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 11 found (avg debit $1.32, cheapest $0.68)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$193.00	Sep 25	Oct 2	$0.68	23.0%	22.6%
$197.00	Sep 25	Oct 2	$1.03	21.7%	21.6%
$192.50	Sep 25	Oct 2	$0.92	23.6%	23.5%
$194.00	Sep 25	Oct 2	$1.24	22.3%	22.4%
$195.00	Sep 25	Oct 2	$1.46	21.6%	21.7%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$193.00	Sep 25	Oct 2	$1.20	23.0%	22.6%
$192.50	Sep 25	Oct 2	$1.19	23.6%	23.5%
$194.00	Sep 25	Oct 2	$1.16	22.3%	22.4%
$195.00	Sep 25	Oct 2	$0.97	21.6%	21.7%
$196.00	Sep 25	Oct 30	$3.31	22.3%	24.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 99 found (cheapest 1.96% of stock, avg 5.66%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$195.00	Sep 25	$1.84	$1.98	$3.82	$191.18	$198.82	1.96%
$194.00	Sep 25	$2.46	$1.42	$3.88	$190.12	$197.88	1.99%
$196.00	Sep 25	$1.42	$2.54	$3.96	$192.04	$199.96	2.03%
$192.50	Sep 25	$3.55	$0.90	$4.45	$188.05	$196.95	2.28%
$193.00	Sep 25	$3.32	$1.16	$4.48	$188.52	$197.48	2.30%
$192.00	Sep 25	$3.80	$0.78	$4.58	$187.42	$196.58	2.35%
$191.00	Sep 25	$4.63	$0.73	$5.36	$185.64	$196.36	2.75%
$190.00	Sep 25	$5.20	$0.60	$5.80	$184.20	$195.80	2.98%
$200.00	Sep 25	$0.36	$5.70	$6.06	$193.94	$206.06	3.11%
$195.00	Oct 2	$3.30	$2.95	$6.25	$188.75	$201.25	3.21%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.76% of stock, avg 3.08%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$198.00	$191.00	Sep 25	$0.76	$0.73	$1.49	$189.51	$199.49
$198.00	$192.00	Sep 25	$0.76	$0.78	$1.54	$190.46	$199.54
$197.50	$192.00	Sep 25	$0.91	$0.78	$1.69	$190.31	$199.19
$198.00	$192.50	Sep 25	$0.76	$0.90	$1.66	$190.84	$199.66
$197.50	$191.00	Sep 25	$0.91	$0.73	$1.64	$189.36	$199.14
$197.50	$192.50	Sep 25	$0.91	$0.90	$1.81	$190.69	$199.31
$197.00	$192.00	Sep 25	$1.03	$0.78	$1.81	$190.19	$198.81
$197.00	$191.00	Sep 25	$1.03	$0.73	$1.76	$189.24	$198.76
$197.00	$192.50	Sep 25	$1.03	$0.90	$1.93	$190.57	$198.93
$198.00	$193.00	Sep 25	$0.76	$1.16	$1.92	$191.08	$199.92

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 197 found (best R:R 1.70, avg credit $0.61)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
189/190	198/199	Sep 25	$0.63	$0.37	58%	1.70	$189.37	$198.63
182/182	198/199	Sep 25	$0.42	$0.58	72%	0.72	$182.08	$198.42
170/171	199/200	Oct 9	$0.50	$0.50	62%	1.00	$170.50	$199.50
185/186	199/200	Oct 9	$0.65	$0.35	46%	1.86	$185.35	$199.65
182/182	198/198	Sep 25	$0.27	$0.23	68%	1.17	$182.23	$197.77
182/182	199/200	Oct 9	$0.57	$0.43	52%	1.33	$181.93	$199.57
189/190	199/200	Sep 25	$0.43	$0.57	65%	0.75	$189.57	$199.43
182/182	197/198	Sep 25	$0.24	$0.26	64%	0.92	$182.26	$197.24
176/177	199/200	Oct 9	$0.47	$0.53	59%	0.89	$176.53	$199.47
181/182	198/199	Oct 2	$0.49	$0.51	56%	0.96	$181.51	$198.49

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 87 found (best R:R 3.67, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$200.00	$202.50	$205.00	Oct 9	$0.11	$2.39	15%	21.73
$205.00	$207.50	$210.00	Oct 30	$0.07	$2.43	11%	34.71
$200.00	$202.50	$205.00	Oct 16	$0.17	$2.33	15%	13.71
$202.50	$205.00	$207.50	Oct 30	$0.13	$2.37	12%	18.23
$210.00	$215.00	$220.00	Oct 16	$0.20	$4.80	8%	24.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$195.00	$200.00	$205.00	Oct 2	$1.07	$3.93	43%	3.67
$179.00	$180.00	$181.00	Oct 30	$0.05	$0.95	3%	19.00
$180.00	$181.00	$182.00	Oct 2	$0.05	$0.95	3%	19.00
$188.00	$189.00	$190.00	Oct 9	$0.07	$0.93	5%	13.29
$192.00	$192.50	$193.00	Oct 2	$0.06	$0.44	4%	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. 134 found (best net $-1.88, 121 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$202.50	$205.00	1:2	Oct 9	-$0.07	$2.43
$200.00	$202.50	1:2	Oct 23	-$0.64	$1.86
$215.00	$220.00	1:2	Oct 16	-$0.01	$4.99
$200.00	$202.50	1:2	Oct 9	-$0.48	$2.02
$205.00	$207.50	1:2	Oct 2	-$0.02	$2.48

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
$165.00	$160.00	1:2	Oct 23	-$0.09	$4.91
$165.00	$160.00	1:2	Oct 16	-$0.06	$4.94
$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 3.18%, avg 1.15%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$195.00	Oct 30	$6.20	0.51	0.1%	3.18%	3.27%	40	29
$196.00	Oct 30	$5.40	0.49	0.6%	2.77%	3.38%	3	12
$197.50	Oct 30	$4.60	0.45	1.4%	2.36%	3.74%	3	21
$198.00	Oct 30	$4.15	0.43	1.6%	2.13%	3.76%	4	34
$199.00	Oct 30	$3.80	0.41	2.1%	1.95%	4.10%	4	12
$200.00	Oct 30	$3.35	0.38	2.7%	1.72%	4.38%	34	47
$195.00	Oct 23	$5.20	0.51	0.1%	2.67%	2.76%	5	129
$202.50	Oct 30	$2.66	0.32	3.9%	1.37%	5.31%	18	26
$197.00	Oct 30	$4.10	0.46	1.1%	2.10%	3.22%	9	11
$196.00	Oct 23	$4.50	0.48	0.6%	2.31%	2.92%	6	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 19,843

Total Puts 44,428

Put/Call Ratio 2.24

Net Difference -24,585

Prior's Put/Call Breakdown

Total Calls 18,688

Total Puts 7,749

Put/Call Ratio 0.41

Net Difference 10,939

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

🤖 AI Insights

📈 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

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Price — Past 7 Days

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