SO options flow: unusual options activity in Southern Co.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 5 unusual options prints in Southern Co. (SO), $255K of tracked premium, leaning firmly bearish. Bullish premium was $60K against $195K bearish; $160K went into calls and $95K into puts, a put call ratio of 0.59. The largest print was $132K of SO 16 Oct 2026 $87.50 calls on 22 September 2026, executed at bid. The last session with prints, 25 September 2026, added 1 print and $27K of premium. SO closed at $82.88 on 25 September 2026, unchanged.
This week's unusual flow
Prints from 22 September 2026 to 25 September 2026, 4 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 22 Sep 2026 | SO 16 Oct 2026 $87.50 calls | Trade | 1,973 | 789 | $132K | At bid | Bearish | Notable |
| 24 Sep 2026 | SO 21 Jan 2028 $85 puts | Trade | 50 | 76 | $36K | At ask | Bearish | |
| 23 Sep 2026 | SO 18 Dec 2026 $80 puts | Sweep | 194 | 63 | $32K | At bid | Bullish | High conviction |
| 23 Sep 2026 | SO 17 Sep 2027 $90 calls | Trade | 73 | 85 | $28K | At ask | Bullish | |
| 25 Sep 2026 | SO 20 Nov 2026 $85 puts | Trade | 65 | 1,538 | $27K | At ask | Bearish |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 16 Oct 2026 | 1 | $132K | 100% | -$132K |
| 21 Jan 2028 | 1 | $36K | 0% | -$36K |
| 18 Dec 2026 | 1 | $32K | 0% | +$32K |
| 17 Sep 2027 | 1 | $28K | 100% | +$28K |
| 20 Nov 2026 | 1 | $27K | 0% | -$27K |
The most premium, $132K, is aimed at the 16 Oct 2026 expiry.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | SO 20 Nov 2026 $85 puts | Trade | 65 | 1,538 | $27K | At ask | Bearish |
Every print in SO with its full detail, the live tape, one tap filters and saved screeners: open SO in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open SO in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 7 firms, have a median of $98, 18.2% above the last close. The last 90 days brought 1 downgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Southern Co.
- Exchange
- NYSE
- Sector
- Utilities
- Industry
- Utilities
- Headquarters
- Atlanta, Georgia
- Website
- southerncompany.com
The Southern Company engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company constructs, operates, and maintains 76,289 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers.
In the same sector
Flow pages for other Utilities names in the S&P 500:
NEE NextEra Energy Inc.CEG Constellation Energy Corp.DUK Duke Energy CORPAEP American Electric Power Co. Inc.D Dominion Energy, Inc.SRE SempraETR Entergy Corp.VST Vistra Corp.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for SO with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open SO in Options Sentiment Screener