Tour v422
SPY
State Street SPDR S&P 500 ETF Trust
$739.09 +0.02%
$739.18 (+0.01%)🌙
as of 07/27 06:06 PM
(7/27 16:20) ◀
|
Monday, July 27, 2026 (6:06pm)
January 2026
|
▶ (7/28 09:35)
◀ 7/27 18:06 ▶

Option Volume

Detail
ℹ
Current (07/27) 13,171,871
Calls: 6,520,321 (50%)
Puts: 6,651,550 (50%)
Prior (07/24) 3,668,235
Calls: 1,583,269 (43%)
Puts: 2,084,966 (57%)
Current vs Prior +259.08%
Calls: +311.83% (Calls)
Puts: +219.02% (Puts)
Prior 7-Day Total 76,517,767
Calls: 34,368,079 (45%)
Puts: 42,149,688 (55%)
Prior 7-Day Average 10,931,109
Calls: 4,909,725 (45%)
Puts: 6,021,384 (55%)
Current vs Prior 7-Day Avg +20.50%
Calls: +32.80%
Puts: +10.47%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27) $1.60B
Calls: $640.75M (40%)
Puts: $964.13M (60%)
Prior (07/24) $1.08B
Calls: $389.11M (36%)
Puts: $694.18M (64%)
Current vs Prior +48.15%
Calls: +64.67%
Puts: +38.89%
Prior 7-Day Total $10.72B
Calls: $3.81B (36%)
Puts: $6.90B (64%)
Prior 7-Day Average $1.53B
Calls: $544.40M (36%)
Puts: $986.38M (64%)
Current vs Prior 7-Day Avg +4.84%
Calls: +17.70%
Puts: -2.26%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27) 1.02
Prior (07/24) 1.32
Current vs Prior -22.53%
Prior 7-Day Average 1.24
Current vs Prior 7-Day Avg -17.73%
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 52,526,222
Calls: 15,170,350 (29%)
Puts: 37,355,872 (71%)
Prior 7-Day Average 7,503,746
Calls: 2,167,192 (29%)
Puts: 5,336,553 (71%)
Current vs Prior 7-Day Avg +0.67%
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 0.18% | 0.70%0.18% | 1.11%1.64% | 2.31%3.29% | 4.82%
Prior 0.79% | 1.03%0.79% | 1.36%1.86% | 2.49%3.48% | 5.01%
Current vs Prior -10.83% | +7.44%-77.36% | -18.17%-11.73% | -7.14%-5.39% | -3.88%
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 -3.65% | +12.04%-62.85% | +7.50%+60.05% | +13.75%+81.92% | +12.07%
Prior 7-Day Eod 0.29% | 0.78%0.79% | 1.36%1.86% | 2.49%3.48% | 5.01%
Current vs 7-Day Eod +145.24% | +43.01%-77.36% | -18.17%-11.73% | -7.14%-5.39% | -3.88%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 1.68% | 0.73%
Calls: 0.82% | 0.75%
Puts: 2.54% | 0.71%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior +64.71% | +10.61%
Prior 7-Day Avg 1.65% | 1.19%
Calls: 1.35% | 0.99%
Puts: 1.92% | 1.62%
Current vs 7-Day Avg +1.64% | -38.88%
Liquidity Excellent
+
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🤖 AI Insights

Moderately bearish flow with 60% put dollar volume ($964.13M). Unusually high activity with volume up 259% 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 NEUTRAL
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 2,359 of results (avg 2.8%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31139.42139.54$139.480.1%161.006.3K
$741.00Aug 2111.7711.80$11.790.3%2.3K0.482.4K
$740.00Sep 416.0916.14$16.120.3%4280.5079
$690.00Aug 2153.4453.61$53.530.3%450.895.6K
$740.00Aug 2112.4012.44$12.420.3%9.2K0.506.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$743.00Aug 3114.1114.16$14.140.4%4690.531.1K
$742.00Aug 3113.7113.76$13.740.4%170.52501
$742.00Aug 2813.4113.46$13.440.4%590.52250
$741.00Aug 3113.3213.37$13.350.4%2450.521.1K
$740.00Aug 3112.9412.99$12.970.4%8530.508.9K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 521 found (avg $0.39, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$754.00Jul 290.050.06$0.0616.7%1.8K0.021.4K
$758.00Jul 300.050.06$0.0616.7%1.1K0.02844
$761.00Jul 310.050.06$0.0616.7%5.0K0.029.4K
$766.00Aug 40.050.06$0.0616.7%2120.0198
$768.00Aug 50.050.06$0.0616.7%10.0118
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$723.00Jul 280.050.06$0.0616.7%14.0K0.021.6K
$706.00Jul 290.050.06$0.0616.7%1820.01239
$707.00Jul 290.050.06$0.0616.7%3570.01220
$670.00Jul 310.050.06$0.0616.7%1.1K0.0110.4K
$671.00Jul 310.050.06$0.0616.7%230.01591

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,214 found (avg delta 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$595.00Jul 27142.61145.41$144.011.9%41.00--
$600.00Jul 27137.61140.42$139.012.0%41.00--
$605.00Jul 27132.61135.42$134.012.1%21.00--
$610.00Jul 27127.61130.42$129.012.2%21.00--
$615.00Jul 27122.61125.42$124.022.3%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$757.00Jul 3016.6919.39$18.0415.0%11.005
$758.00Jul 3017.6920.39$19.0414.2%201.002
$760.00Jul 3019.6922.39$21.0412.8%41.001
$770.00Jul 3029.5832.36$30.979.0%11.00--
$759.00Jul 3118.6921.12$19.9112.2%41.0062

Most actively traded options today. High liquidity = easy entry/exit. 2,845 active (total vol 13.1M, top 623.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 270.040.05$0.0520.0%623.2K0.117.9K
$739.00Jul 270.260.28$0.277.4%568.7K0.527.2K
$738.00Jul 271.001.06$1.035.8%498.9K1.003.9K
$741.00Jul 270.010.02$0.0250.0%471.6K0.048.5K
$742.00Jul 270.000.01$0.01100.0%419.1K0.017.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$737.00Jul 270.000.01$0.01100.0%591.4K0.014.9K
$736.00Jul 270.000.01$0.01100.0%534.0K0.018.1K
$738.00Jul 270.020.03$0.0333.3%491.2K0.086.1K
$735.00Jul 270.000.01$0.01100.0%465.3K0.017.6K
$739.00Jul 270.260.28$0.277.4%376.1K0.509.5K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 376 strikes (avg 757.1%, max 3702.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4675.7%17.8%3702.0%--58
$870.00Jul 27Sep 4654.6%17.2%3695.6%--529
$860.00Jul 27Aug 31611.8%17.1%3487.8%242.7K
$850.00Jul 27Aug 31568.2%15.8%3487.1%52.8K
$840.00Jul 27Aug 31523.9%15.1%3361.7%1238.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 31337.4%11.9%2746.0%52
$595.00Jul 27Sep 4863.4%34.9%2376.2%12261
$605.00Jul 27Sep 4801.1%33.3%2303.2%476
$615.00Jul 27Sep 4739.7%31.8%2227.9%1108
$620.00Jul 27Sep 4709.2%31.0%2185.8%277

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 975 found (best R:R 49.00, avg 4.05)

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$0.24$4.76$0.2419.83$765.24
$776.00$777.00Aug 28$0.10$0.90$0.109.00$776.10
$777.00$778.00Aug 31$0.10$0.90$0.109.00$777.10
$780.00$781.00Sep 4$0.10$0.90$0.109.00$780.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$645.00$640.00Aug 28$0.10$4.90$0.1049.00$644.90
$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
$685.00$680.00Aug 10$0.11$4.89$0.1144.45$684.89
$675.00$670.00Aug 14$0.11$4.89$0.1144.45$674.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,422 found (best R:R 226.27, avg 2.95)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$625.00$650.00Aug 7$24.89$24.89$0.11226.27$649.89
$630.00$685.00Aug 6$54.59$54.59$0.41133.15$684.59
$660.00$700.00Aug 4$39.56$39.56$0.4489.91$699.56
$635.00$655.00Aug 14$19.76$19.76$0.2482.33$654.76
$615.00$625.00Aug 31$9.83$9.83$0.1757.82$624.83
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$775.00$772.00Aug 28$2.87$2.87$0.1322.08$772.13
$774.00$772.00Aug 31$1.87$1.87$0.1314.38$772.13
$772.00$770.00Aug 21$1.84$1.84$0.1611.50$770.16
$772.00$770.00Aug 28$1.81$1.81$0.199.53$770.19
$756.00$755.00Aug 5$0.90$0.90$0.109.00$755.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 251 found (avg debit $1.26, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$748.00Jul 27Jul 28$0.0661.6%13.1%
$799.00Jul 31Aug 21$0.0624.1%12.3%
$797.00Jul 31Aug 21$0.0723.4%12.2%
$798.00Jul 31Aug 21$0.0723.8%12.4%
$796.00Jul 31Aug 21$0.0823.1%12.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$724.00Jul 27Jul 28$0.0698.9%20.5%
$747.00Jul 27Jul 28$0.0755.5%13.0%
$725.00Jul 27Jul 28$0.0892.9%20.3%
$777.00Jul 27Sep 4$0.08221.9%12.4%
$768.00Jul 27Jul 31$0.10174.5%14.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,196 found (cheapest 0.07% of stock, avg 5.20%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$739.00Jul 27$0.27$0.27$0.54$738.46$739.540.07%
$738.00Jul 27$1.03$0.03$1.06$736.94$739.060.14%
$740.00Jul 27$0.05$1.05$1.10$738.90$741.100.15%
$741.00Jul 27$0.02$1.98$2.00$739.00$743.000.27%
$737.00Jul 27$2.03$0.01$2.04$734.96$739.040.28%
$736.00Jul 27$3.01$0.01$3.02$732.98$739.020.41%
$742.00Jul 27$0.01$3.10$3.11$738.89$745.110.42%
$735.00Jul 27$4.03$0.01$4.04$730.96$739.040.55%
$743.00Jul 27$0.01$4.03$4.04$738.96$747.040.55%
$740.00Jul 28$1.90$2.76$4.66$735.34$744.660.63%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 376 found (cheapest 0.01% of stock, avg 1.91%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$740.00$738.00Jul 27$0.05$0.03$0.08$737.92$740.08
$744.00$735.00Jul 28$0.47$1.04$1.51$733.49$745.51
$743.00$735.00Jul 28$0.71$1.04$1.75$733.25$744.75
$744.00$736.00Jul 28$0.47$1.28$1.75$734.25$745.75
$743.00$736.00Jul 28$0.71$1.28$1.99$734.01$744.99
$742.00$735.00Jul 28$1.03$1.04$2.07$732.93$744.07
$744.00$737.00Jul 28$0.47$1.57$2.04$734.96$746.04
$742.00$736.00Jul 28$1.03$1.28$2.31$733.69$744.31
$743.00$737.00Jul 28$0.71$1.57$2.28$734.72$745.28
$744.00$738.00Jul 28$0.47$1.91$2.38$735.62$746.38

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 351 found (best R:R 49.00, avg credit $3.07)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
695/700701/707Aug 4$5.88$0.1249.00$694.12$706.88
640/645665/670Aug 28$4.88$0.1240.67$640.12$669.88
645/650655/665Aug 28$9.76$0.2440.67$640.24$664.76
675/680685/690Aug 28$4.88$0.1240.67$675.12$689.88
670/675685/690Aug 14$4.87$0.1337.46$670.13$689.87
640/645655/665Aug 28$9.74$0.2637.46$635.26$664.74
655/660675/680Sep 4$4.87$0.1337.46$655.13$679.87
650/655675/680Sep 4$4.86$0.1434.71$650.14$679.86
670/675685/690Aug 28$4.84$0.1630.25$670.16$689.84
645/650675/680Sep 4$4.84$0.1630.25$645.16$679.84

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 228 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$600.00$605.00$610.00Jul 31$0.05$4.9599.00
$680.00$685.00$690.00Aug 14$0.05$4.9599.00
$770.00$775.00$780.00Aug 10$0.06$4.9482.33
$600.00$605.00$610.00Aug 21$0.07$4.9370.43
$785.00$790.00$795.00Aug 28$0.08$4.9261.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$800.00$805.00$810.00Jul 28$0.06$4.9482.33
$690.00$695.00$700.00Aug 6$0.06$4.9482.33
$690.00$695.00$700.00Aug 10$0.06$4.9482.33
$680.00$685.00$690.00Aug 14$0.06$4.9482.33
$675.00$680.00$685.00Sep 4$0.06$4.9482.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 922 found (best net $-0.74, 912 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$630.00$685.001:2Aug 6-$0.74$54.26
$660.00$700.001:2Aug 4-$0.69$39.31
$791.00$815.001:2Aug 6$0.00$24.00
$820.00$835.001:2Jul 27-$0.01$14.99
$820.00$835.001:2Jul 28-$0.01$14.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$655.00$640.001:2Jul 28-$0.01$14.99
$630.00$615.001:2Aug 6-$0.05$14.95
$660.00$645.001:2Aug 5-$0.07$14.93
$605.00$595.001:2Jul 27-$0.01$9.99
$615.00$605.001:2Jul 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. 375 found (best yield 2.18%, avg 0.53%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$740.00Sep 4$16.090.500.1%2.18%2.30%42879
$741.00Sep 4$15.450.490.3%2.09%2.35%3378
$742.00Sep 4$14.820.480.4%2.01%2.40%270173
$740.00Aug 31$14.730.500.1%1.99%2.12%9882.3K
$740.00Aug 28$14.320.500.1%1.94%2.06%1.3K1.2K
$743.00Sep 4$14.210.470.5%1.92%2.45%15333
$741.00Aug 31$14.090.480.3%1.91%2.16%241273
$741.00Aug 28$13.690.490.3%1.85%2.11%438175
$744.00Sep 4$13.600.460.7%1.84%2.50%19320
$742.00Aug 31$13.470.480.4%1.82%2.22%161353

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 6,520,321
Total Puts 6,651,550
Put/Call Ratio 1.02
Net Difference -131,229

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 34,368,079
Total Puts 42,149,688
Average Put/Call Ratio 1.24
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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