Tour v528
XLU
State StreetUtilSelSectSPDRETF
$41.21 -1.15%
9/18 15:07

Option Volume

Detail
Current (09/18 3:05pm) 69,604
Calls: 17,813 (26%)
Puts: 51,791 (74%)
Prior (09/17) 75,394
Calls: 13,540 (18%)
Puts: 61,854 (82%)
Current vs Prior -7.68%
Calls: +31.56% (Calls)
Puts: -16.27% (Puts)
Prior 7-Day Total 196,684
Calls: 107,945 (55%)
Puts: 88,739 (45%)
Prior 7-Day Average 28,097
Calls: 15,420 (55%)
Puts: 12,677 (45%)
Current vs Prior 7-Day Avg +147.72%
Calls: +15.51%
Puts: +308.54%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/18 3:05pm) $6.37M
Calls: $1.21M (19%)
Puts: $5.16M (81%)
Prior (09/17) $11.09M
Calls: $1.05M (9%)
Puts: $10.04M (91%)
Current vs Prior -42.51%
Calls: +15.56%
Puts: -48.59%
Prior 7-Day Total $15.78M
Calls: $6.79M (43%)
Puts: $8.99M (57%)
Prior 7-Day Average $2.25M
Calls: $970.4K (43%)
Puts: $1.28M (57%)
Current vs Prior 7-Day Avg +182.70%
Calls: +25.02%
Puts: +301.85%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (09/18 3:05pm) 2.91
Prior (09/17) 4.57
Current vs Prior -36.35%
Prior 7-Day Average 1.01
Current vs Prior 7-Day Avg +187.47%
Sentiment BEARISH

Open Interest

Detail
Current (09/18 3:05pm) 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 13,285,517
Calls: 4,089,887 (31%)
Puts: 9,195,630 (69%)
Prior 7-Day Average 1,897,931
Calls: 584,269 (31%)
Puts: 1,313,661 (69%)
Current vs Prior 7-Day Avg +2.87%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)
Current 1.38% | 2.57%1.38% | 4.97%
Prior 2.29% | 3.11%2.29% | 5.28%
Current vs Prior -39.64% | -17.33%-39.64% | -5.83%
Prior 7-Day Avg 1.84% | 2.67%2.79% | 5.40%
Current vs 7-Day Avg -24.76% | -3.71%-50.39% | -7.85%
Prior 7-Day Eod 2.29% | 3.11%1.75% | 4.75%
Current vs 7-Day Eod -39.64% | -17.33%-21.01% | +4.74%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 46.30% | 7.73%
Calls: 66.67% | 8.33%
Puts: 25.93% | 7.14%
Prior 23.69% | 21.62%
Calls: 31.75% | 33.85%
Puts: 15.63% | 9.38%
Current vs Prior +95.44% | -64.25%
Prior 7-Day Avg 32.50% | 15.47%
Calls: 23.69% | 16.31%
Puts: 41.32% | 14.65%
Current vs 7-Day Avg +42.45% | -50.05%
Liquidity Expensive
+
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🤖 AI Insights

Strong bearish conviction with 81% of dollar volume in puts ($5.16M) vs calls ($1.21M). Dollar volume significantly above 7-day average (183% higher). Volume explosion - 148% above 7-day average (69,604 vs avg 28,097). Extreme bearish P/C ratio of 2.91 - heavy put buying.

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 57 of results (avg 6.8%, best 2.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$36.00Sep 185.155.30$5.232.9%10.8720
$35.50Sep 185.605.80$5.703.5%10.9417
$35.00Sep 186.056.30$6.184.0%11.00531
$35.00Sep 256.056.35$6.204.8%171.00--
$36.50Sep 184.554.80$4.685.3%11.0056
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Sep 181.751.80$1.782.8%1090.973.0K
$40.00Oct 160.330.34$0.342.9%8.8K0.2910.4K
$44.00Oct 23.003.10$3.053.3%260.9748
$43.50Sep 182.222.31$2.274.0%210.991.7K
$45.00Sep 183.703.85$3.784.0%100.991.3K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 43 found (avg $0.48, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.00Sep 250.050.06$0.0616.7%3390.13683
$41.00Sep 250.340.37$0.368.3%950.5650
$42.00Oct 20.160.19$0.1816.7%1070.23278
$41.50Oct 20.300.32$0.316.5%590.364.0K
$43.00Oct 160.140.16$0.1513.3%1980.158.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Sep 250.070.08$0.0812.5%1050.15873
$41.00Sep 250.340.41$0.3818.4%3.1K0.521.0K
$40.00Oct 20.170.20$0.1915.8%920.23231
$42.00Sep 180.750.87$0.8114.8%2980.9714.6K
$39.50Oct 90.150.18$0.1618.8%110.1826

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 99 found (avg delta 0.87, 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. 169 active (total vol 38.3K, top 8.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$41.50Sep 250.130.17$0.1526.7%3.8K0.293.2K
$43.00Oct 300.250.30$0.2817.9%3.5K0.21107
$42.00Oct 160.340.36$0.355.7%1.2K0.3019.2K
$42.50Oct 90.140.18$0.1625.0%1.2K0.1843
$42.00Sep 250.050.06$0.0616.7%3390.13683
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Oct 160.330.34$0.342.9%8.8K0.2910.4K
$39.50Oct 300.310.37$0.3417.6%3.5K0.252
$41.00Sep 250.340.41$0.3818.4%3.1K0.521.0K
$39.00Oct 160.120.16$0.1428.6%2.9K0.14182
$42.50Sep 181.221.30$1.266.3%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. 1 strikes (avg 5747.7%, max 5747.7%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$34.00Sep 18Oct 162013.8%34.4%5747.7%3238
PUTS (0)
No puts found

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 41 found (best R:R 0.92, avg 1.80)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$40.50$41.00Oct 2$0.30$0.20$0.3072%0.67$40.80
$41.00$41.50Sep 18$0.28$0.22$0.2894%0.79$41.28
$41.00$41.50Oct 2$0.21$0.29$0.2153%1.38$41.21
$41.50$42.00Oct 30$0.18$0.32$0.1842%1.78$41.68
$41.50$42.00Oct 9$0.15$0.35$0.1538%2.33$41.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$43.50$43.00Oct 30$0.26$0.24$0.2684%0.92$43.24
$41.50$41.00Oct 9$0.27$0.23$0.2762%0.85$41.23
$41.00$40.00Oct 16$0.35$0.65$0.3550%1.86$40.65
$41.00$40.50Oct 30$0.21$0.29$0.2150%1.38$40.79
$42.00$41.00Oct 16$0.61$0.39$0.6170%0.64$41.39

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 24 found (best R:R 0.52, avg 0.47)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$42.00$43.00Oct 16$0.20$0.20$0.8070%0.25$42.20
$41.50$42.00Oct 23$0.19$0.19$0.3158%0.61$41.69
$42.00$42.50Oct 9$0.11$0.11$0.3973%0.28$42.11
$42.00$42.50Oct 23$0.14$0.14$0.3667%0.39$42.14
$42.00$42.50Oct 30$0.15$0.15$0.3566%0.43$42.15
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$36.00$35.00Sep 18$0.34$0.34$0.6687%0.52$35.66
$40.00$39.00Oct 16$0.20$0.20$0.8071%0.25$39.80
$40.50$40.00Sep 25$0.11$0.11$0.3969%0.28$40.39
$40.00$39.50Oct 23$0.13$0.13$0.3769%0.35$39.87
$40.50$40.00Oct 30$0.18$0.18$0.3259%0.56$40.32

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 0.70% of stock, avg 5.16%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$41.50Sep 18$0.02$0.27$0.29$41.21$41.790.70%
$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$41.741.80%
$42.00Sep 18$0.01$0.81$0.82$41.18$42.821.99%
$41.50Sep 25$0.15$0.70$0.85$40.65$42.352.06%
$40.50Sep 18$0.87$0.01$0.88$39.62$41.382.14%
$40.50Sep 25$0.73$0.19$0.92$39.58$41.422.23%
$41.00Oct 2$0.52$0.52$1.04$39.96$42.042.52%
$41.50Oct 2$0.31$0.81$1.12$40.38$42.622.72%
$40.50Oct 2$0.82$0.32$1.14$39.36$41.642.77%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 104 found (cheapest 0.07% of stock, avg 1.21%)

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$0.08$0.13$38.37$43.63
$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. 4 found (best R:R 1.17, avg credit $0.29)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
40/4042/42Oct 23$0.27$0.2337%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$0.40$0.6041%0.67$39.60$42.40

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 58 found (best R:R 3.88, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$37.00$39.00$41.00Oct 23$0.41$1.5949%3.88
$39.00$40.00$41.00Oct 16$0.15$0.8548%5.67
$41.00$41.50$42.00Sep 18$0.27$0.2391%0.85
$40.50$41.00$41.50Sep 18$0.29$0.2188%0.72
$40.00$41.00$42.00Oct 16$0.27$0.7347%2.70
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$40.50$41.00$41.50Sep 18$0.26$0.2485%0.92
$39.00$40.00$41.00Oct 16$0.15$0.8536%5.67
$41.00$41.50$42.00Sep 18$0.28$0.2285%0.79
$40.00$40.50$41.00Sep 25$0.08$0.4236%5.25
$41.00$41.50$42.00Sep 25$0.08$0.4236%5.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 65 found (best net $-0.46, 52 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
$39.00$40.001:2Sep 18-$0.25$0.75
$40.00$41.001:2Oct 16-$0.08$0.92
$39.00$40.001:2Oct 16-$0.60$0.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$42.00$41.001:2Oct 16-$0.08$0.92
$43.00$42.001:2Oct 16-$0.43$0.57
$41.50$41.001:2Sep 25-$0.06$0.44
$42.50$42.001:2Sep 18-$0.36$0.14
$42.00$41.501:2Sep 25-$0.30$0.20

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 23 found (best yield 1.58%, avg 0.62%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$41.50Oct 30$0.650.420.7%1.58%2.28%3170
$42.00Oct 30$0.490.341.9%1.19%3.11%276
$41.50Oct 23$0.600.420.7%1.46%2.16%111
$42.50Oct 30$0.350.273.1%0.85%3.98%8167
$42.00Oct 23$0.420.331.9%1.02%2.94%3306
$43.00Oct 30$0.250.214.3%0.61%4.95%3.5K107
$42.50Oct 23$0.280.253.1%0.68%3.81%1645
$42.00Oct 16$0.340.301.9%0.83%2.74%1.2K19.2K
$43.00Oct 23$0.190.204.3%0.46%4.80%101.1K
$43.50Oct 30$0.180.165.6%0.44%5.99%5426

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 17,813
Total Puts 51,791
Put/Call Ratio 2.91
Net Difference -33,978

Prior's Put/Call Breakdown

Total Calls 13,540
Total Puts 61,854
Put/Call Ratio 4.57
Net Difference -48,314

Prior 7-Day Put/Call Summary

Total Calls 107,945
Total Puts 88,739
Average Put/Call Ratio 1.01
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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