Tour v528
XLU
State StreetUtilSelSectSPDRETF
$41.25 -1.07%
9/18 15:23

Option Volume

Detail
Current (09/18) 74,779
Calls: 20,633 (28%)
Puts: 54,146 (72%)
Prior (09/17) 77,931
Calls: 15,617 (20%)
Puts: 62,314 (80%)
Current vs Prior -4.04%
Calls: +32.12% (Calls)
Puts: -13.11% (Puts)
Prior 7-Day Total 303,538
Calls: 158,909 (52%)
Puts: 144,629 (48%)
Prior 7-Day Average 43,362
Calls: 22,701 (52%)
Puts: 20,661 (48%)
Current vs Prior 7-Day Avg +72.45%
Calls: -9.11%
Puts: +162.07%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/18) $6.63M
Calls: $1.30M (20%)
Puts: $5.33M (80%)
Prior (09/17) $11.00M
Calls: $1.20M (11%)
Puts: $9.80M (89%)
Current vs Prior -39.71%
Calls: +8.00%
Puts: -45.56%
Prior 7-Day Total $28.95M
Calls: $10.47M (36%)
Puts: $18.48M (64%)
Prior 7-Day Average $4.14M
Calls: $1.50M (36%)
Puts: $2.64M (64%)
Current vs Prior 7-Day Avg +60.35%
Calls: -13.16%
Puts: +102.00%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (09/18) 2.62
Prior (09/17) 3.99
Current vs Prior -34.23%
Prior 7-Day Average 1.17
Current vs Prior 7-Day Avg +124.29%
Sentiment BEARISH

Open Interest

Detail
Current (09/18) 1,952,343
Calls: 628,846 (32%)
Puts: 1,323,497 (68%)
Prior (09/17) 1,948,873
Calls: 622,577 (32%)
Puts: 1,326,296 (68%)
Current vs Prior +0.18%
Prior 7-Day Total 13,376,863
Calls: 4,149,888 (31%)
Puts: 9,226,975 (69%)
Prior 7-Day Average 1,910,980
Calls: 592,841 (31%)
Puts: 1,318,139 (69%)
Current vs Prior 7-Day Avg +2.16%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)
Current 1.41% | 2.55%1.41% | 5.02%
Prior 1.75% | 2.83%1.75% | 4.75%
Current vs Prior -19.70% | -10.07%-19.70% | +5.66%
Prior 7-Day Avg 1.94% | 3.06%2.31% | 5.82%
Current vs 7-Day Avg -27.48% | -16.89%-39.14% | -13.73%
Prior 7-Day Eod 1.75% | 2.83%1.75% | 4.75%
Current vs 7-Day Eod -19.70% | -10.07%-19.70% | +5.66%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 45.84% | 14.79%
Calls: 66.67% | 19.44%
Puts: 25.00% | 10.14%
Prior 33.59% | 30.59%
Calls: 32.00% | 41.67%
Puts: 35.19% | 19.51%
Current vs Prior +36.47% | -51.65%
Prior 7-Day Avg 26.56% | 18.84%
Calls: 29.88% | 24.10%
Puts: 23.24% | 13.58%
Current vs 7-Day Avg +72.60% | -21.49%
Liquidity Expensive
+
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🤖 AI Insights

Strong bearish conviction with 80% of dollar volume in puts ($5.33M) vs calls ($1.30M). Dollar volume significantly above 7-day average (60% higher). Extreme bearish P/C ratio of 2.62 - heavy put buying. P/C ratio dropping 34% - sentiment shifting bullish.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
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 52 of results (avg 7.1%, best 2.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$36.00Sep 185.155.30$5.232.9%10.8520
$35.50Sep 185.605.80$5.703.5%10.9417
$35.00Sep 186.056.30$6.184.0%11.00531
$37.00Sep 254.054.25$4.154.8%21.00--
$35.00Sep 256.056.35$6.204.8%171.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.50Sep 182.222.31$2.274.0%210.981.7K
$45.00Sep 183.703.85$3.784.0%100.991.3K
$41.00Oct 160.660.69$0.684.4%1.0K0.502.8K
$44.00Sep 253.003.15$3.084.9%10.97126
$46.00Oct 164.955.20$5.084.9%--0.9737

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 39 found (avg $0.47, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.00Sep 250.050.06$0.0616.7%3390.13683
$41.00Sep 250.320.39$0.3619.4%990.5850
$42.00Oct 20.160.19$0.1816.7%1070.23278
$41.50Oct 20.300.36$0.3318.2%590.374.0K
$41.00Oct 20.480.56$0.5215.4%300.54162
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Sep 250.070.08$0.0812.5%1150.15873
$40.50Sep 250.170.19$0.1811.1%1050.301.5K
$41.00Sep 250.340.41$0.3818.4%3.2K0.521.0K
$39.50Oct 20.090.10$0.1010.0%100.1420
$41.50Sep 250.650.72$0.6910.1%1730.73536

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 99 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Sep 186.056.30$6.184.0%11.00531
$36.50Sep 184.554.80$4.685.3%11.0056
$37.00Sep 184.054.30$4.186.0%31.00100
$37.50Sep 183.553.80$3.686.8%11.0033
$38.00Sep 183.053.35$3.209.4%11.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Sep 184.655.50$5.0816.7%10.99839
$45.00Sep 183.703.85$3.784.0%100.991.3K
$49.00Sep 187.708.55$8.1310.5%30.99--
$44.50Sep 183.153.45$3.309.1%10.991.4K
$44.00Sep 182.752.95$2.857.0%30.99730

Most actively traded options today. High liquidity = easy entry/exit. 171 active (total vol 43.3K, top 8.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Oct 300.260.30$0.2814.3%5.6K0.21107
$41.50Sep 250.130.17$0.1526.7%3.9K0.303.2K
$42.00Oct 160.340.36$0.355.7%1.3K0.3019.2K
$42.50Oct 90.140.18$0.1625.0%1.2K0.1843
$43.50Sep 180.000.01$0.01100.0%4490.016.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Oct 160.310.34$0.339.1%8.9K0.2810.4K
$39.50Oct 300.310.37$0.3417.6%5.6K0.252
$41.00Sep 250.340.41$0.3818.4%3.2K0.521.0K
$39.00Oct 160.120.16$0.1428.6%2.9K0.14182
$42.50Sep 181.221.48$1.3519.3%1.6K0.9811.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 5953.0%, max 6534.3%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$34.00Sep 18Oct 162291.3%34.5%6534.3%3238
$36.00Sep 18Oct 161386.6%25.3%5371.7%1125
PUTS (0)
No puts found

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 43 found (best R:R 0.92, avg 1.71)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$40.00$40.50Sep 18$0.26$0.24$0.26100%0.92$40.26
$40.00$41.00Oct 16$0.65$0.35$0.6578%0.54$40.65
$40.50$41.00Oct 2$0.30$0.20$0.3074%0.67$40.80
$41.00$41.50Oct 2$0.19$0.31$0.1954%1.63$41.19
$41.00$41.50Sep 18$0.28$0.22$0.2893%0.79$41.28
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$43.50$43.00Oct 30$0.26$0.24$0.2680%0.92$43.24
$40.50$40.00Oct 30$0.13$0.37$0.1340%2.85$40.37
$40.50$40.00Oct 23$0.13$0.37$0.1340%2.85$40.37
$41.50$41.00Oct 30$0.25$0.25$0.2558%1.00$41.25
$41.50$41.00Oct 9$0.27$0.23$0.2762%0.85$41.23

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 24 found (best R:R 0.82, avg 0.51)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$43.50$44.00Oct 30$0.16$0.16$0.3480%0.47$43.66
$42.00$43.00Oct 16$0.20$0.20$0.8070%0.25$42.20
$41.50$42.00Oct 2$0.15$0.15$0.3563%0.43$41.65
$42.00$42.50Oct 9$0.11$0.11$0.3973%0.28$42.11
$41.50$42.00Oct 23$0.19$0.19$0.3158%0.61$41.69
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$36.00$35.00Sep 18$0.45$0.45$0.5585%0.82$35.55
$41.00$40.50Oct 30$0.26$0.26$0.2450%1.08$40.74
$40.00$39.00Oct 16$0.19$0.19$0.8172%0.23$39.81
$40.50$40.00Oct 2$0.15$0.15$0.3564%0.43$40.35
$41.00$40.50Oct 23$0.24$0.24$0.2650%0.92$40.76

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 65 found (cheapest 0.73% of stock, avg 5.16%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$41.50Sep 18$0.02$0.28$0.30$41.20$41.800.73%
$41.00Sep 18$0.30$0.01$0.31$40.69$41.310.75%
$41.00Sep 25$0.36$0.38$0.74$40.26$41.741.79%
$42.00Sep 18$0.01$0.79$0.80$41.20$42.801.94%
$41.50Sep 25$0.15$0.69$0.84$40.66$42.342.04%
$40.50Sep 18$0.87$0.01$0.88$39.62$41.382.13%
$40.50Sep 25$0.73$0.18$0.91$39.59$41.412.21%
$41.00Oct 2$0.52$0.52$1.04$39.96$42.042.52%
$40.00Sep 18$1.13$0.01$1.14$38.86$41.142.76%
$40.50Oct 2$0.82$0.32$1.14$39.36$41.642.76%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 107 found (cheapest 0.07% of stock, avg 1.22%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$41.50$41.00Sep 18$0.02$0.01$0.03$40.97$41.53
$42.50$39.00Sep 25$0.02$0.04$0.06$38.94$42.56
$42.50$39.50Sep 25$0.02$0.04$0.06$39.44$42.56
$42.00$39.50Sep 25$0.06$0.04$0.10$39.40$42.10
$42.00$39.00Sep 25$0.06$0.04$0.10$38.90$42.10
$42.50$40.00Sep 25$0.02$0.08$0.10$39.90$42.60
$43.00$39.00Oct 2$0.05$0.06$0.11$38.89$43.11
$43.50$38.50Oct 9$0.05$0.07$0.12$38.38$43.62
$44.00$38.00Oct 16$0.06$0.08$0.14$37.86$44.14
$42.00$40.00Sep 25$0.06$0.08$0.14$39.86$42.14

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 5 found (best R:R 1.38, avg credit $0.29)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
40/4044/44Oct 30$0.29$0.2148%1.38$39.71$43.79
40/4042/42Oct 23$0.27$0.2336%1.17$39.73$42.27
40/4042/42Oct 30$0.28$0.2234%1.27$39.72$42.28
40/4042/42Oct 9$0.21$0.2946%0.72$39.79$42.21
39/4042/43Oct 16$0.39$0.6141%0.64$39.61$42.39

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 57 found (best R:R 3.88, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$37.00$39.00$41.00Oct 23$0.41$1.5948%3.88
$39.00$40.00$41.00Oct 16$0.18$0.8248%4.56
$41.00$41.50$42.00Sep 18$0.27$0.2390%0.85
$40.00$41.00$42.00Oct 16$0.24$0.7648%3.17
$40.50$41.00$41.50Sep 18$0.29$0.2187%0.72
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$41.00$41.50$42.00Sep 18$0.24$0.2686%1.08
$40.50$41.00$41.50Sep 18$0.27$0.2384%0.85
$39.00$40.00$41.00Oct 16$0.16$0.8436%5.25
$40.00$40.50$41.00Oct 2$0.05$0.4528%9.00
$40.50$41.00$41.50Sep 25$0.11$0.3942%3.55

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 60 found (best net $-0.46, 48 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$37.00$39.001:2Oct 23-$0.46$1.54
$38.00$39.501:2Oct 2-$0.60$0.90
$40.00$41.001:2Oct 16-$0.11$0.89
$39.00$40.001:2Oct 16-$0.58$0.42
$40.00$40.501:2Sep 25-$0.25$0.25
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$42.00$41.001:2Oct 16-$0.05$0.95
$43.00$42.001:2Oct 16-$0.45$0.55
$42.50$42.001:2Sep 18-$0.23$0.27
$41.50$41.001:2Sep 25-$0.07$0.43
$42.00$41.501:2Sep 25-$0.28$0.22

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 23 found (best yield 1.60%, avg 0.62%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$41.50Oct 30$0.660.420.6%1.60%2.21%3170
$42.00Oct 30$0.490.341.8%1.19%3.01%276
$41.50Oct 23$0.600.420.6%1.45%2.06%111
$42.50Oct 30$0.350.273.0%0.85%3.88%8167
$42.00Oct 23$0.420.331.8%1.02%2.84%3306
$43.50Oct 30$0.180.205.5%0.44%5.89%5426
$43.00Oct 30$0.260.214.2%0.63%4.87%5.6K107
$42.50Oct 23$0.280.253.0%0.68%3.71%1645
$42.00Oct 16$0.340.301.8%0.82%2.64%1.3K19.2K
$43.00Oct 23$0.190.204.2%0.46%4.70%101.1K

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 20,633
Total Puts 54,146
Put/Call Ratio 2.62
Net Difference -33,513

Prior's Put/Call Breakdown

Total Calls 15,617
Total Puts 62,314
Put/Call Ratio 3.99
Net Difference -46,697

Prior 7-Day Put/Call Summary

Total Calls 158,909
Total Puts 144,629
Average Put/Call Ratio 1.17
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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