Tour v419
SPY
State Street SPDR S&P 500 ETF Trust
$738.97 +0.00%
(7/27 15:05) ◀
|
Monday, July 27, 2026 (3:13pm)
January 2026
|
▶ (7/27 15:15)
◀ 7/27 15:13 ▶

Option Volume

Detail
ℹ
Current (07/27) 11,948,836
Calls: 5,925,388 (50%)
Puts: 6,023,448 (50%)
Prior (07/24) 3,668,235
Calls: 1,583,269 (43%)
Puts: 2,084,966 (57%)
Current vs Prior +225.74%
Calls: +274.25% (Calls)
Puts: +188.90% (Puts)
Prior 7-Day Total 64,568,931
Calls: 28,442,691 (44%)
Puts: 36,126,240 (56%)
Prior 7-Day Average 10,761,488
Calls: 4,063,241 (44%)
Puts: 5,160,891 (56%)
Current vs Prior 7-Day Avg +11.03%
Calls: +45.83%
Puts: +16.71%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27) $1.64B
Calls: $667.10M (41%)
Puts: $977.54M (59%)
Prior (07/24) $1.08B
Calls: $389.11M (36%)
Puts: $694.18M (64%)
Current vs Prior +51.82%
Calls: +71.44%
Puts: +40.82%
Prior 7-Day Total $9.07B
Calls: $3.14B (35%)
Puts: $5.93B (65%)
Prior 7-Day Average $1.51B
Calls: $449.10M (35%)
Puts: $846.73M (65%)
Current vs Prior 7-Day Avg +8.79%
Calls: +48.54%
Puts: +15.45%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27) 1.02
Prior (07/24) 1.32
Current vs Prior -22.81%
Prior 7-Day Average 1.28
Current vs Prior 7-Day Avg -20.41%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27) 7,554,153
Calls: 2,204,257 (29%)
Puts: 5,349,896 (71%)
Prior (07/24) 5,799,641
Calls: 1,442,696 (25%)
Puts: 4,356,945 (75%)
Current vs Prior +30.25%
Prior 7-Day Total 44,972,069
Calls: 12,966,093 (29%)
Puts: 32,005,976 (71%)
Prior 7-Day Average 7,495,344
Calls: 2,161,015 (29%)
Puts: 5,334,329 (71%)
Current vs Prior 7-Day Avg +0.78%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/27) | Next (07/28)Expiry (07/27) | Next (07/29)Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 0.29% | 0.78%0.29% | 1.16%1.71% | 2.37%3.35% | 4.88%
Prior 0.79% | 1.03%0.79% | 1.36%1.86% | 2.49%3.48% | 5.01%
Current vs Prior -63.64% | -24.87%-63.64% | -14.46%-8.08% | -4.62%-3.66% | -2.68%
Prior 7-Day Avg 0.73% | 0.99%0.48% | 1.03%1.03% | 2.03%1.81% | 4.30%
Current vs 7-Day Avg -60.71% | -21.66%-40.33% | +12.37%+66.68% | +16.83%+85.24% | +13.48%
Prior 7-Day Eod 0.79% | 1.03%0.79% | 1.36%1.86% | 2.49%3.48% | 5.01%
Current vs 7-Day Eod -63.64% | -24.87%-63.64% | -14.46%-8.08% | -4.62%-3.66% | -2.68%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 1.76% | 0.51%
Calls: 2.24% | 0.63%
Puts: 1.28% | 0.39%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior +72.55% | -22.73%
Prior 7-Day Avg 1.64% | 1.31%
Calls: 1.35% | 0.99%
Puts: 1.92% | 1.62%
Current vs 7-Day Avg +7.65% | -61.02%
Liquidity Excellent
+
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🤖 AI Insights

Elevated premium activity with dollar volume up 52% vs prior. Unusually high activity with volume up 226% vs prior - elevated interest. Slightly bearish P/C ratio of 1.02. P/C ratio dropping 23% - sentiment shifting bullish.

Smart Money BEARISH
Retail Flow NEUTRAL
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
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 2,421 of results (avg 2.4%, best 0.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31139.41139.47$139.440.0%161.006.3K
$700.00Jul 3139.7239.78$39.750.2%1060.976.6K
$690.00Aug 2153.5053.60$53.550.2%400.895.6K
$741.00Sep 415.5015.53$15.520.2%330.4978
$742.00Aug 3113.5313.56$13.550.2%1570.48353
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$728.00Aug 74.594.60$4.600.2%1290.30984
$729.00Aug 64.414.42$4.420.2%380.3168
$728.00Aug 64.184.19$4.190.2%1770.30121
$726.00Aug 74.154.16$4.160.2%7510.28848
$742.00Aug 2112.1412.17$12.160.2%2.8K0.532.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 534 found (avg $0.38, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$755.00Jul 290.050.06$0.0616.7%2.1K0.023.2K
$759.00Jul 300.050.06$0.0616.7%1.9K0.021.6K
$765.00Aug 30.050.06$0.0616.7%1.3K0.01984
$767.00Aug 40.050.06$0.0616.7%70.01311
$769.00Aug 50.050.06$0.0616.7%2290.01129
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$721.00Jul 280.050.06$0.0616.7%8.7K0.023.1K
$703.00Jul 290.050.06$0.0616.7%1770.01418
$704.00Jul 290.050.06$0.0616.7%1.2K0.01186
$705.00Jul 290.050.06$0.0616.7%1.2K0.01623
$685.00Jul 300.050.06$0.0616.7%110.01460

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,193 found (avg delta 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$595.00Jul 27142.55145.35$143.951.9%41.00--
$600.00Jul 27137.53140.35$138.942.0%41.00--
$605.00Jul 27132.55135.35$133.952.1%21.00--
$610.00Jul 27127.55130.35$128.952.2%21.00--
$615.00Jul 27122.56125.35$123.962.3%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$750.00Jul 2810.4211.12$10.776.5%4811.00336
$751.00Jul 2811.4212.76$12.0911.1%331.007
$752.00Jul 2812.4213.10$12.765.3%821.004
$753.00Jul 2812.7515.47$14.1119.3%41.001
$755.00Jul 2814.7517.47$16.1116.9%321.001

Most actively traded options today. High liquidity = easy entry/exit. 2,780 active (total vol 11.9M, top 544.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 270.340.35$0.352.9%532.3K0.317.9K
$739.00Jul 270.720.73$0.731.4%500.2K0.517.2K
$738.00Jul 271.321.35$1.342.2%477.7K0.713.9K
$741.00Jul 270.150.16$0.166.3%428.9K0.178.5K
$742.00Jul 270.070.08$0.0812.5%384.3K0.087.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$737.00Jul 270.160.17$0.175.9%544.5K0.154.9K
$736.00Jul 270.070.08$0.0812.5%497.1K0.078.1K
$735.00Jul 270.030.04$0.0425.0%446.3K0.047.6K
$738.00Jul 270.370.38$0.382.6%425.4K0.296.1K
$740.00Jul 271.381.39$1.380.7%286.6K0.6910.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 377 strikes (avg 513.8%, max 2548.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4469.8%17.7%2548.1%--58
$870.00Jul 27Sep 4455.1%17.2%2543.8%--529
$860.00Jul 27Aug 31425.3%17.0%2399.5%242.7K
$850.00Jul 27Aug 31395.0%15.8%2398.9%52.8K
$840.00Jul 27Aug 31364.2%15.1%2312.0%1238.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 31234.5%11.9%1865.3%52
$595.00Jul 27Sep 4600.8%35.0%1618.4%9261
$605.00Jul 27Sep 4557.5%33.4%1568.5%476
$615.00Jul 27Sep 4514.8%31.9%1515.3%1108
$620.00Jul 27Sep 4493.5%31.1%1486.4%277

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,000 found (best R:R 49.00, avg 4.12)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$785.00$790.00Aug 28$0.17$4.83$0.1728.41$785.17
$765.00$770.00Aug 10$0.26$4.74$0.2618.23$765.26
$746.00$747.00Jul 28$0.10$0.90$0.109.00$746.10
$750.00$751.00Jul 29$0.10$0.90$0.109.00$750.10
$762.00$763.00Aug 7$0.10$0.90$0.109.00$762.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$630.00$625.00Sep 4$0.10$4.90$0.1049.00$629.90
$700.00$695.00Aug 3$0.11$4.89$0.1144.45$699.89
$695.00$690.00Aug 5$0.11$4.89$0.1144.45$694.89
$690.00$685.00Aug 6$0.11$4.89$0.1144.45$689.89
$645.00$640.00Aug 28$0.11$4.89$0.1144.45$644.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,445 found (best R:R 165.67, avg 2.53)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$625.00$650.00Aug 7$24.85$24.85$0.15165.67$649.85
$650.00$670.00Aug 7$19.83$19.83$0.17116.65$669.83
$630.00$685.00Aug 6$54.51$54.51$0.49111.24$684.51
$660.00$700.00Aug 4$39.53$39.53$0.4784.11$699.53
$635.00$655.00Aug 14$19.76$19.76$0.2482.33$654.76
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$775.00$772.00Aug 28$2.84$2.84$0.1617.75$772.16
$772.00$770.00Aug 28$1.82$1.82$0.1810.11$770.18
$766.00$765.00Aug 14$0.90$0.90$0.109.00$765.10
$753.00$752.00Jul 31$0.89$0.89$0.118.09$752.11
$755.00$754.00Jul 31$0.89$0.89$0.118.09$754.11

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 214 found (avg debit $1.46, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$799.00Jul 31Aug 21$0.0526.2%12.3%
$749.00Jul 27Jul 28$0.0653.1%13.7%
$797.00Jul 31Aug 21$0.0625.4%12.2%
$798.00Jul 31Aug 21$0.0625.8%12.3%
$796.00Jul 31Aug 21$0.0725.0%12.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$722.00Jul 27Jul 28$0.0677.3%21.5%
$723.00Jul 27Jul 28$0.0782.4%21.3%
$724.00Jul 27Jul 28$0.0977.8%21.0%
$746.00Jul 27Jul 28$0.1038.9%13.9%
$725.00Jul 27Jul 28$0.1273.2%20.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,175 found (cheapest 0.20% of stock, avg 5.21%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$739.00Jul 27$0.73$0.78$1.51$737.49$740.510.20%
$738.00Jul 27$1.34$0.38$1.72$736.28$739.720.23%
$740.00Jul 27$0.35$1.38$1.73$738.27$741.730.23%
$737.00Jul 27$2.12$0.17$2.29$734.71$739.290.31%
$741.00Jul 27$0.16$2.20$2.36$738.64$743.360.32%
$736.00Jul 27$3.03$0.08$3.11$732.89$739.110.42%
$742.00Jul 27$0.08$3.12$3.20$738.80$745.200.43%
$743.00Jul 27$0.04$4.00$4.04$738.96$747.040.55%
$735.00Jul 27$4.09$0.04$4.13$730.87$739.130.56%
$744.00Jul 27$0.03$4.96$4.99$739.01$748.990.68%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 387 found (cheapest 0.02% of stock, avg 1.89%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$742.00$736.00Jul 27$0.08$0.08$0.16$735.84$742.16
$741.00$736.00Jul 27$0.16$0.08$0.24$735.76$741.24
$742.00$737.00Jul 27$0.08$0.17$0.25$736.75$742.25
$741.00$737.00Jul 27$0.16$0.17$0.33$736.67$741.33
$740.00$736.00Jul 27$0.35$0.08$0.43$735.57$740.43
$742.00$738.00Jul 27$0.08$0.38$0.46$737.54$742.46
$740.00$737.00Jul 27$0.35$0.17$0.52$736.48$740.52
$741.00$738.00Jul 27$0.16$0.38$0.54$737.46$741.54
$740.00$738.00Jul 27$0.35$0.38$0.73$737.27$740.73
$742.00$739.00Jul 27$0.08$0.78$0.86$738.14$742.86

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 393 found (best R:R 40.67, avg credit $3.23)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
670/675685/690Aug 14$4.88$0.1240.67$670.12$689.88
650/655665/670Aug 28$4.88$0.1240.67$650.12$669.88
640/645650/665Aug 28$14.61$0.3937.46$630.39$664.61
645/650665/670Aug 28$4.87$0.1337.46$645.13$669.87
675/680685/690Aug 28$4.87$0.1337.46$675.13$689.87
640/645665/670Aug 28$4.86$0.1434.71$640.14$669.86
700/705710/715Aug 10$4.84$0.1630.25$700.16$714.84
670/675685/690Aug 28$4.83$0.1728.41$670.17$689.83
670/675695/700Sep 4$4.83$0.1728.41$670.17$699.83
665/670685/690Aug 28$4.80$0.2024.00$665.20$689.80

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 264 found (best R:R 165.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$660.00$670.00$680.00Jul 29$0.06$9.94165.67
$725.00$730.00$735.00Aug 10$0.05$4.9599.00
$595.00$600.00$605.00Aug 31$0.06$4.9482.33
$785.00$790.00$795.00Aug 28$0.07$4.9370.43
$700.00$705.00$710.00Sep 4$0.08$4.9261.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$690.00$695.00$700.00Aug 4$0.05$4.9599.00
$690.00$695.00$700.00Aug 10$0.06$4.9482.33
$680.00$685.00$690.00Aug 28$0.06$4.9482.33
$675.00$680.00$685.00Sep 4$0.06$4.9482.33
$690.00$695.00$700.00Aug 5$0.07$4.9370.43

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 918 found (best net $-0.84, 911 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$630.00$685.001:2Aug 6-$0.84$54.16
$660.00$700.001:2Aug 4-$0.70$39.30
$791.00$820.001:2Aug 6-$0.02$28.98
$783.00$800.001:2Aug 4-$0.02$16.98
$820.00$835.001:2Jul 27-$0.01$14.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$645.00$600.001:2Aug 5$0.00$45.00
$655.00$640.001:2Jul 28-$0.01$14.99
$630.00$615.001:2Aug 6-$0.06$14.94
$660.00$645.001:2Aug 5-$0.07$14.93
$605.00$595.001:2Jul 27-$0.01$9.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 398 found (best yield 2.27%, avg 0.56%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$739.00Sep 4$16.740.510.0%2.27%2.27%19865
$740.00Sep 4$16.130.500.1%2.18%2.32%37679
$741.00Sep 4$15.500.490.3%2.10%2.37%3378
$739.00Aug 31$15.420.510.0%2.09%2.09%2201.0K
$739.00Aug 28$15.030.510.0%2.03%2.04%404212
$742.00Sep 4$14.870.480.4%2.01%2.42%270173
$740.00Aug 31$14.780.500.1%2.00%2.14%9052.3K
$740.00Aug 28$14.380.500.1%1.95%2.09%1.3K1.2K
$743.00Sep 4$14.250.470.6%1.93%2.47%10233
$741.00Aug 31$14.150.480.3%1.91%2.19%238273

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 5,925,388
Total Puts 6,023,448
Put/Call Ratio 1.02
Net Difference -98,060

Prior's Put/Call Breakdown

Total Calls 1,583,269
Total Puts 2,084,966
Put/Call Ratio 1.32
Net Difference -501,697

Prior 7-Day Put/Call Summary

Total Calls 28,442,691
Total Puts 36,126,240
Average Put/Call Ratio 1.28
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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