XLK - Options Database

XLK

State StreetTechSelSectSPDRETF

$195.23 +0.20%

(9/22 10:20) ◀

Tuesday, September 22, 2026 (10:25am)

▶ (9/22 10:30)

◀ 9/22 10:25 ▶

Option Volume

Detail

ℹ

Current (09/22 10:25am) 7,975

Calls: 6,163 (77%)

Puts: 1,812 (23%)

Prior (09/18) 5,539

Calls: 3,180 (57%)

Puts: 2,359 (43%)

Current vs Prior +43.98%

Calls: +93.81% (Calls)

Puts: -23.19% (Puts)

Prior 7-Day Total 247,245

Calls: 109,774 (44%)

Puts: 137,471 (56%)

Prior 7-Day Average 35,320

Calls: 15,682 (44%)

Puts: 19,638 (56%)

Current vs Prior 7-Day Avg -77.42%

Calls: -60.70%

Puts: -90.77%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 10:25am) $12.61M

Calls: $12.33M (98%)

Puts: $277.7K (2%)

Prior (09/18) $1.54M

Calls: $1.07M (69%)

Puts: $473.3K (31%)

Current vs Prior +718.28%

Calls: +1054.92%

Puts: -41.33%

Prior 7-Day Total $206.29M

Calls: $171.90M (83%)

Puts: $34.39M (17%)

Prior 7-Day Average $29.47M

Calls: $24.56M (83%)

Puts: $4.91M (17%)

Current vs Prior 7-Day Avg -57.21%

Calls: -49.77%

Puts: -94.35%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 10:25am) 0.29

Prior (09/18) 0.74

Current vs Prior -60.37%

Prior 7-Day Average 1.25

Current vs Prior 7-Day Avg -76.49%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22 10:25am) 710,830

Calls: 251,703 (35%)

Puts: 459,127 (65%)

Prior (09/18) 840,214

Calls: 294,433 (35%)

Puts: 545,781 (65%)

Current vs Prior -15.40%

Prior 7-Day Total 5,502,290

Calls: 1,936,171 (35%)

Puts: 3,566,119 (65%)

Prior 7-Day Average 786,041

Calls: 276,595 (35%)

Puts: 509,445 (65%)

Current vs Prior 7-Day Avg -9.57%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 1.96% | 3.30%4.99% | 7.90%

Prior 2.17% | 3.40%5.06% | 8.17%

Current vs Prior -9.87% | -3.05%-1.21% | -3.27%

Prior 7-Day Avg 2.26% | 3.54%2.51% | 6.16%

Current vs 7-Day Avg -13.27% | -6.91%+99.27% | +28.27%

Prior 7-Day Eod 2.17% | 3.40%5.06% | 8.17%

Current vs 7-Day Eod -9.87% | -3.05%-1.21% | -3.27%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 18.23% | 20.23%

Calls: 15.76% | 10.86%

Puts: 20.71% | 29.61%

Prior 17.80% | 18.15%

Calls: 17.17% | 12.23%

Puts: 18.42% | 24.07%

Current vs Prior +2.42% | +11.46%

Prior 7-Day Avg 76.93% | 56.05%

Calls: 82.47% | 58.55%

Puts: 71.38% | 53.54%

Current vs 7-Day Avg -76.30% | -63.90%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 98% of dollar volume in calls ($12.33M) vs puts ($277.7K). Massive premium surge with dollar volume up 718% vs prior. Extreme bullish P/C ratio of 0.29 - heavy call buying (6,163 calls vs 1,812 puts). P/C ratio dropping 60% - sentiment shifting bullish.

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 BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
10:25	BULLISH	BULLISH	BULLISH
10:20	BULLISH	BULLISH	BULLISH
10:15	BULLISH	BULLISH	BULLISH
10:10	BULLISH	BULLISH	BULLISH
10:05	BULLISH	BULLISH	BULLISH
10:00	BULLISH	BULLISH	BULLISH
09:55	BULLISH	BULLISH	BULLISH
09:50	BULLISH	BULLISH	BULLISH
09:45	BULLISH	BEARISH	BEARISH
09:40	BULLISH	BEARISH	BEARISH
09:35	BULLISH	BEARISH	BEARISH

📈 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 74 of results (avg 6.9%, best 1.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$162.50	Sep 25	32.35	32.95	$32.65	1.8%	19	1.00	54
$163.00	Sep 25	31.95	32.55	$32.25	1.9%	29	1.00	19
$160.00	Oct 16	35.50	36.20	$35.85	2.0%	--	0.97	28
$164.00	Sep 25	30.85	31.65	$31.25	2.6%	23	1.00	14
$177.00	Oct 16	19.15	19.75	$19.45	3.1%	--	0.90	1.0K

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 23	4.55	4.95	$4.75	8.4%	1	0.47	1
$200.00	Oct 16	6.70	7.35	$7.03	9.2%	1	0.65	161
$210.00	Oct 16	14.30	15.80	$15.05	10.0%	--	0.92	10

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.66, cheapest $0.84)

CALLS (0)

No calls meet the criteria

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$193.00	Sep 25	0.77	0.90	$0.84	15.5%	35	0.30	26
$188.00	Oct 2	0.74	0.90	$0.82	19.5%	--	0.18	14
$176.00	Oct 16	0.50	0.61	$0.55	20.0%	10	0.08	52
$180.00	Oct 16	0.75	0.88	$0.82	15.9%	52	0.12	1.6K
$165.00	Oct 16	0.24	0.27	$0.26	11.5%	2	0.03	6.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 120 found (avg delta 0.80, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$162.00	Sep 25	32.35	33.85	$33.10	4.5%	12	1.00	54
$162.50	Sep 25	32.35	32.95	$32.65	1.8%	19	1.00	54
$163.00	Sep 25	31.95	32.55	$32.25	1.9%	29	1.00	19
$164.00	Sep 25	30.85	31.65	$31.25	2.6%	23	1.00	14
$165.00	Sep 25	29.60	30.75	$30.18	3.8%	1	1.00	10

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$205.00	Oct 2	9.35	10.90	$10.13	15.3%	--	0.92	10
$210.00	Oct 16	14.30	15.80	$15.05	10.0%	--	0.92	10
$200.00	Sep 25	4.55	5.85	$5.20	25.0%	--	0.89	14
$200.00	Oct 2	5.15	6.35	$5.75	20.9%	--	0.76	45
$200.00	Oct 16	6.70	7.35	$7.03	9.2%	1	0.65	161

Most actively traded options today. High liquidity = easy entry/exit. 145 active (total vol 5.5K, top 1.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$205.00	Oct 16	1.08	1.29	$1.19	17.6%	1.6K	0.20	596
$196.00	Sep 25	1.24	1.40	$1.32	12.1%	1.3K	0.43	229
$202.50	Oct 16	1.74	1.85	$1.80	6.1%	489	0.27	82
$199.00	Oct 2	1.15	1.55	$1.35	29.6%	209	0.30	58
$195.00	Sep 25	1.69	1.98	$1.84	15.8%	100	0.53	777

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$185.00	Oct 16	1.34	1.50	$1.42	11.3%	272	0.19	4.4K
$195.00	Oct 16	3.90	4.35	$4.13	10.9%	148	0.48	253
$190.00	Sep 25	0.27	0.38	$0.33	33.3%	95	0.13	1.4K
$188.00	Oct 16	1.87	2.09	$1.98	11.1%	64	0.26	66
$160.00	Oct 16	0.12	0.37	$0.25	100.0%	58	0.03	1.4K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 4.7%, max 9.0%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$191.00	Sep 25	Oct 30	25.6%	23.5%	9.0%	--	459
$192.50	Sep 25	Oct 30	24.3%	23.1%	5.5%	10	65
$192.00	Sep 25	Oct 23	24.6%	23.3%	5.3%	1	466
$194.00	Sep 25	Oct 30	23.7%	22.6%	5.0%	24	217
$193.00	Sep 25	Oct 30	23.7%	23.0%	3.2%	24	75

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$192.50	Sep 25	Oct 9	24.3%	22.6%	7.7%	2	53
$191.00	Sep 25	Oct 16	25.6%	23.8%	7.6%	32	213
$194.00	Sep 25	Oct 16	23.7%	22.5%	5.5%	5	295
$192.00	Sep 25	Oct 16	24.6%	23.5%	4.7%	32	347
$193.00	Sep 25	Oct 16	23.7%	22.7%	4.3%	35	1.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 139 found (best R:R 3.08, avg 4.49)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$187.50	$188.00	Sep 25	$0.22	$0.28	$0.22	91%	1.27	$187.72
$186.00	$187.00	Oct 16	$0.55	$0.45	$0.55	78%	0.82	$186.55
$187.00	$187.50	Oct 23	$0.15	$0.35	$0.15	74%	2.33	$187.15
$193.00	$195.00	Oct 23	$0.90	$1.10	$0.90	58%	1.22	$193.90
$199.00	$200.00	Oct 30	$0.20	$0.80	$0.20	41%	4.00	$199.20

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$195.00	$193.00	Oct 9	$0.49	$1.51	$0.49	47%	3.08	$194.51
$195.00	$190.00	Oct 23	$1.63	$3.37	$1.63	48%	2.07	$193.37
$185.00	$182.00	Oct 23	$0.33	$2.67	$0.33	22%	8.09	$184.67
$200.00	$195.00	Oct 2	$3.03	$1.97	$3.03	76%	0.65	$196.97
$195.00	$194.00	Oct 2	$0.26	$0.74	$0.26	48%	2.85	$194.74

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 107 found (best R:R 5.67, avg 0.47)

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	51%	5.67	$196.85
$200.00	$202.50	Oct 30	$1.15	$1.15	$1.35	61%	0.85	$201.15
$202.50	$205.00	Oct 9	$0.59	$0.59	$1.91	77%	0.31	$203.09
$197.00	$197.50	Oct 2	$0.39	$0.39	$0.11	59%	3.55	$197.39
$196.00	$197.00	Oct 9	$0.64	$0.64	$0.36	52%	1.78	$196.64

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$173.00	$172.00	Oct 2	$0.28	$0.28	$0.72	94%	0.39	$172.72
$172.00	$171.00	Oct 9	$0.24	$0.24	$0.76	93%	0.32	$171.76
$190.00	$189.00	Oct 16	$0.47	$0.47	$0.53	68%	0.89	$189.53
$193.00	$192.50	Oct 9	$0.34	$0.34	$0.16	60%	2.12	$192.66
$181.00	$180.00	Oct 16	$0.27	$0.27	$0.73	86%	0.37	$180.73

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 7 found (avg debit $1.37, cheapest $1.19)

CALLS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$195.00	Sep 25	Oct 2	$1.29	22.4%	21.6%
$194.00	Sep 25	Oct 2	$1.18	23.7%	23.2%
$196.00	Sep 25	Oct 2	$1.31	22.7%	23.0%
$197.00	Sep 25	Oct 2	$1.35	21.4%	23.0%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$195.00	Sep 25	Oct 2	$1.19	22.4%	21.6%
$194.00	Sep 25	Oct 2	$1.27	23.7%	23.2%
$196.00	Sep 25	Oct 9	$1.99	22.7%	22.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 82 found (cheapest 1.69% of stock, avg 5.60%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$196.00	Sep 25	$1.32	$1.98	$3.30	$192.70	$199.30	1.69%
$195.00	Sep 25	$1.84	$1.53	$3.37	$191.63	$198.37	1.73%
$194.00	Sep 25	$2.60	$1.19	$3.79	$190.21	$197.79	1.94%
$193.00	Sep 25	$3.20	$0.84	$4.04	$188.96	$197.04	2.07%
$192.50	Sep 25	$3.58	$0.73	$4.31	$188.19	$196.81	2.21%
$192.00	Sep 25	$3.88	$0.62	$4.50	$187.50	$196.50	2.30%
$191.00	Sep 25	$4.55	$0.46	$5.01	$185.99	$196.01	2.57%
$200.00	Sep 25	$0.22	$5.20	$5.42	$194.58	$205.42	2.78%
$195.00	Oct 2	$3.13	$2.72	$5.85	$189.15	$200.85	3.00%
$190.00	Sep 25	$5.73	$0.33	$6.06	$183.94	$196.06	3.10%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.54% of stock, avg 2.60%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$199.00	$192.00	Sep 25	$0.44	$0.62	$1.06	$190.94	$200.06
$198.00	$192.00	Sep 25	$0.57	$0.62	$1.19	$190.81	$199.19
$199.00	$192.50	Sep 25	$0.44	$0.73	$1.17	$191.33	$200.17
$198.00	$192.50	Sep 25	$0.57	$0.73	$1.30	$191.20	$199.30
$197.50	$192.00	Sep 25	$0.69	$0.62	$1.31	$190.69	$198.81
$199.00	$193.00	Sep 25	$0.44	$0.84	$1.28	$191.72	$200.28
$197.50	$192.50	Sep 25	$0.69	$0.73	$1.42	$191.08	$198.92
$198.00	$193.00	Sep 25	$0.57	$0.84	$1.41	$191.59	$199.41
$197.50	$193.00	Sep 25	$0.69	$0.84	$1.53	$191.47	$199.03
$197.00	$192.00	Sep 25	$0.85	$0.62	$1.47	$190.53	$198.47

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 181 found (best R:R 0.89, avg credit $0.66)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
170/171	202/205	Oct 2	$1.18	$1.32	76%	0.89	$169.82	$203.68
170/171	200/202	Oct 2	$1.41	$1.09	65%	1.29	$169.59	$201.41
172/173	199/200	Oct 2	$0.67	$0.33	64%	2.03	$172.33	$199.67
170/171	205/210	Oct 2	$1.07	$3.93	82%	0.27	$169.93	$206.07
178/179	199/200	Sep 25	$0.33	$0.67	78%	0.49	$178.67	$199.33
181/182	199/200	Oct 2	$0.49	$0.51	61%	0.96	$181.51	$199.49
182/182	199/200	Sep 25	$0.33	$0.67	77%	0.49	$182.17	$199.33
185/186	199/200	Oct 2	$0.54	$0.46	56%	1.17	$185.46	$199.54
190/191	199/200	Oct 2	$0.68	$0.32	41%	2.13	$190.32	$199.68
171/172	202/205	Oct 9	$0.83	$1.67	70%	0.50	$171.17	$203.33

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 77 found (best R:R 13.29, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$200.00	$202.50	$205.00	Oct 9	$0.12	$2.38	18%	19.83
$202.50	$205.00	$207.50	Oct 16	$0.10	$2.40	14%	24.00
$200.00	$202.50	$205.00	Oct 16	$0.12	$2.38	15%	19.83
$200.00	$202.50	$205.00	Sep 25	$0.10	$2.40	10%	24.00
$200.00	$202.50	$205.00	Oct 2	$0.23	$2.27	16%	9.87

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$185.00	$190.00	$195.00	Oct 23	$0.35	$4.65	26%	13.29
$195.00	$200.00	$205.00	Oct 2	$1.35	$3.65	44%	2.70
$194.00	$195.00	$196.00	Sep 25	$0.11	$0.89	18%	8.09
$189.00	$190.00	$191.00	Sep 25	$0.06	$0.94	7%	15.67
$178.00	$179.00	$180.00	Oct 9	$0.05	$0.95	2%	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. 137 found (best net $-1.37, 122 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$202.50	$205.00	1:2	Oct 9	$0.00	$2.50
$200.00	$202.50	1:2	Oct 2	-$0.02	$2.48
$202.50	$205.00	1:2	Oct 2	-$0.01	$2.49
$207.50	$210.00	1:2	Oct 16	-$0.02	$2.48
$205.00	$207.50	1:2	Oct 16	-$0.17	$2.33

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$205.00	$200.00	1:2	Oct 2	-$1.37	$3.63
$200.00	$195.00	1:2	Oct 16	-$1.23	$3.77
$190.00	$185.00	1:2	Oct 23	-$0.56	$4.44
$195.00	$190.00	1:2	Oct 23	-$1.49	$3.51
$169.00	$160.00	1:2	Oct 9	-$0.09	$8.91

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 45 found (best yield 2.92%, avg 1.01%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$196.00	Oct 30	$5.70	0.49	0.4%	2.92%	3.31%	1	15
$200.00	Oct 30	$3.85	0.39	2.4%	1.97%	4.42%	58	72
$197.00	Oct 30	$4.70	0.47	0.9%	2.41%	3.31%	--	16
$197.50	Oct 30	$4.45	0.46	1.2%	2.28%	3.44%	--	25
$198.00	Oct 30	$4.20	0.44	1.4%	2.15%	3.57%	--	34
$199.00	Oct 30	$3.75	0.41	1.9%	1.92%	3.85%	--	11
$202.50	Oct 30	$2.50	0.32	3.7%	1.28%	5.00%	5	37
$197.00	Oct 23	$3.95	0.47	0.9%	2.02%	2.93%	--	10
$197.00	Oct 16	$3.75	0.46	0.9%	1.92%	2.83%	28	294
$200.00	Oct 23	$2.67	0.37	2.4%	1.37%	3.81%	--	72

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 6,163

Total Puts 1,812

Put/Call Ratio 0.29

Net Difference 4,351

Prior's Put/Call Breakdown

Total Calls 3,180

Total Puts 2,359

Put/Call Ratio 0.74

Net Difference 821

Prior 7-Day Put/Call Summary

Total Calls 109,774

Total Puts 137,471

Average Put/Call Ratio 1.25

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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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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