Tour v452
SPY
State Street SPDR S&P 500 ETF Trust
$741.48 +0.32%
(7/28 15:15) ◀
|
Tuesday, July 28, 2026 (3:15pm)
January 2026
|
▶ (7/28 15:20)
◀ 7/28 15:15 ▶

Option Volume

Detail
ℹ
Current (07/28) 10,476,378
Calls: 4,776,908 (46%)
Puts: 5,699,470 (54%)
Prior (07/27) 13,171,871
Calls: 6,520,321 (50%)
Puts: 6,651,550 (50%)
Current vs Prior -20.46%
Calls: -26.74% (Calls)
Puts: -14.31% (Puts)
Prior 7-Day Total 74,828,014
Calls: 33,985,837 (45%)
Puts: 40,842,177 (55%)
Prior 7-Day Average 10,689,716
Calls: 4,855,119 (45%)
Puts: 5,834,596 (55%)
Current vs Prior 7-Day Avg -2.00%
Calls: -1.61%
Puts: -2.32%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/28) $1.37B
Calls: $836.91M (61%)
Puts: $534.49M (39%)
Prior (07/27) $1.60B
Calls: $640.75M (40%)
Puts: $964.13M (60%)
Current vs Prior -14.55%
Calls: +30.61%
Puts: -44.56%
Prior 7-Day Total $9.97B
Calls: $4.16B (42%)
Puts: $5.81B (58%)
Prior 7-Day Average $1.42B
Calls: $593.91M (42%)
Puts: $830.47M (58%)
Current vs Prior 7-Day Avg -3.72%
Calls: +40.92%
Puts: -35.64%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/28) 1.19
Prior (07/27) 1.02
Current vs Prior +16.96%
Prior 7-Day Average 1.22
Current vs Prior 7-Day Avg -2.30%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/28) 7,739,069
Calls: 2,264,374 (29%)
Puts: 5,474,695 (71%)
Prior (07/27) 7,554,153
Calls: 2,204,257 (29%)
Puts: 5,349,896 (71%)
Current vs Prior +2.45%
Prior 7-Day Total 50,080,891
Calls: 14,597,184 (29%)
Puts: 35,483,707 (71%)
Prior 7-Day Average 7,154,413
Calls: 2,085,312 (29%)
Puts: 5,069,101 (71%)
Current vs Prior 7-Day Avg +8.17%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/28) | Next (07/29)Expiry (07/29) | Next (07/31)Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 0.23% | 0.90%0.90% | 1.49%1.49% | 2.18%3.17% | 4.71%
Prior 0.70% | 1.11%0.18% | 1.11%1.64% | 2.31%3.29% | 4.82%
Current vs Prior -67.03% | -18.66%+405.94% | +34.04%-9.28% | -5.69%-3.56% | -2.14%
Prior 7-Day Avg 0.71% | 1.00%0.47% | 1.08%1.26% | 2.14%2.32% | 4.46%
Current vs 7-Day Avg -67.32% | -9.43%+90.59% | +37.76%+17.94% | +1.88%+36.75% | +5.68%
Prior 7-Day Eod 0.24% | 0.90%0.18% | 1.11%1.64% | 2.31%3.29% | 4.82%
Current vs 7-Day Eod -1.72% | -0.01%+405.94% | +34.04%-9.28% | -5.69%-3.56% | -2.14%
Sentiment BULLISHBEARISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 1.17% | 0.30%
Calls: 1.18% | 0.29%
Puts: 1.15% | 0.31%
Prior 1.68% | 0.73%
Calls: 0.82% | 0.75%
Puts: 2.54% | 0.71%
Current vs Prior -30.36% | -58.90%
Prior 7-Day Avg 1.68% | 0.93%
Calls: 1.30% | 0.98%
Puts: 2.06% | 1.10%
Current vs 7-Day Avg -30.53% | -67.79%
Liquidity Excellent
+
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🤖 AI Insights

Moderately bullish flow with 61% call dollar volume ($836.91M). Slightly bearish P/C ratio of 1.19. Put-heavy open interest (5,474,695 puts vs 2,264,374 calls) suggests hedging or bearish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BEARISH
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
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 2,354 of results (avg 2.0%, best 0.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31141.85141.91$141.880.0%3061.006.3K
$700.00Jul 3142.0342.08$42.060.1%1720.986.7K
$741.00Jul 315.775.78$5.780.2%5.2K0.532.9K
$690.00Aug 2155.5355.63$55.580.2%720.915.6K
$742.00Aug 3114.5914.62$14.610.2%1.1K0.51382
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$743.00Jul 315.695.70$5.700.2%2.9K0.5442.8K
$730.00Aug 104.344.35$4.350.2%1140.30489
$731.00Aug 74.144.15$4.140.2%1.4K0.301.6K
$746.00Aug 2112.2412.27$12.260.2%950.554.5K
$741.00Jul 304.074.08$4.080.2%6.4K0.482.2K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 561 found (avg $0.40, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$761.00Jul 310.050.06$0.0616.7%1.8K0.029.4K
$763.00Aug 30.050.06$0.0616.7%4640.024.0K
$765.00Aug 40.050.06$0.0616.7%270.01329
$770.00Aug 60.050.06$0.0616.7%470.01825
$773.00Aug 70.050.06$0.0616.7%170.01844
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$719.00Jul 290.050.06$0.0616.7%11.1K0.018.7K
$703.00Jul 300.050.06$0.0616.7%250.011.1K
$704.00Jul 300.050.06$0.0616.7%400.01288
$685.00Jul 310.050.06$0.0616.7%3520.014.7K
$686.00Jul 310.050.06$0.0616.7%740.011.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,075 found (avg delta 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$670.00Jul 2870.0972.88$71.493.9%101.0016
$675.00Jul 2865.0967.88$66.494.2%21.002
$680.00Jul 2860.0962.88$61.494.5%31.0011
$690.00Jul 2850.5452.74$51.644.3%--1.0027
$700.00Jul 2841.3941.60$41.500.5%1061.006
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$754.00Jul 2911.3113.69$12.5019.0%71.001
$755.00Jul 2912.3114.69$13.5017.6%81.0010
$756.00Jul 2913.3115.69$14.5016.4%41.00--
$757.00Jul 2914.3116.69$15.5015.4%241.00--
$758.00Jul 2915.2817.91$16.6015.8%131.00--

Most actively traded options today. High liquidity = easy entry/exit. 2,586 active (total vol 10.5M, top 668.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$742.00Jul 280.340.35$0.352.9%668.3K0.378.0K
$741.00Jul 280.840.85$0.851.2%474.9K0.645.3K
$743.00Jul 280.110.12$0.128.3%466.3K0.169.7K
$740.00Jul 281.601.61$1.610.6%386.9K0.8412.3K
$744.00Jul 280.040.05$0.0520.0%298.1K0.067.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$741.00Jul 280.360.37$0.372.7%604.6K0.364.2K
$740.00Jul 280.120.13$0.137.7%563.4K0.169.8K
$737.00Jul 280.010.02$0.0250.0%391.2K0.029.0K
$736.00Jul 280.010.02$0.0250.0%388.1K0.027.4K
$738.00Jul 280.020.03$0.0333.3%339.6K0.038.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 353 strikes (avg 439.4%, max 2581.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$870.00Jul 28Sep 4457.7%17.1%2581.3%--502
$860.00Jul 28Sep 4427.1%16.5%2490.7%550590
$850.00Jul 28Aug 31396.0%15.7%2427.3%33.0K
$840.00Jul 28Sep 4364.3%14.8%2364.8%8520
$865.00Jul 28Aug 28442.4%18.3%2316.4%--355
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$600.00Jul 28Sep 4602.3%34.1%1664.9%3341
$605.00Jul 28Aug 31580.2%33.9%1613.2%--21.4K
$615.00Jul 28Sep 4536.4%31.8%1585.5%30671
$620.00Jul 28Sep 4514.7%31.1%1556.4%2363
$625.00Jul 28Sep 4493.2%30.3%1528.1%45138

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 992 found (best R:R 89.91, avg 4.14)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$790.00$795.00Aug 28$0.11$4.89$0.1144.45$790.11
$770.00$775.00Aug 11$0.13$4.87$0.1337.46$770.13
$785.00$790.00Aug 28$0.19$4.81$0.1925.32$785.19
$765.00$770.00Aug 11$0.35$4.65$0.3513.29$765.35
$779.00$780.00Aug 31$0.10$0.90$0.109.00$779.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$610.00$600.00Sep 4$0.11$9.89$0.1189.91$609.89
$695.00$690.00Aug 6$0.10$4.90$0.1049.00$694.90
$635.00$630.00Sep 4$0.10$4.90$0.1049.00$634.90
$640.00$635.00Sep 4$0.10$4.90$0.1049.00$639.90
$700.00$695.00Aug 5$0.11$4.89$0.1144.45$699.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,382 found (best R:R 132.33, avg 2.59)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$680.00$700.00Aug 3$19.85$19.85$0.15132.33$699.85
$640.00$709.00Aug 4$68.41$68.41$0.59115.95$708.41
$635.00$655.00Aug 14$19.80$19.80$0.2099.00$654.80
$625.00$645.00Aug 7$19.77$19.77$0.2385.96$644.77
$680.00$690.00Jul 28$9.85$9.85$0.1565.67$689.85
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$780.00$775.00Aug 21$4.90$4.90$0.1049.00$775.10
$780.00$775.00Aug 31$4.89$4.89$0.1144.45$775.11
$766.00$760.00Aug 5$5.86$5.86$0.1441.86$760.14
$780.00$775.00Aug 28$4.85$4.85$0.1532.33$775.15
$765.00$762.00Aug 7$2.82$2.82$0.1815.67$762.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 234 found (avg debit $1.38, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$753.00Jul 28Jul 29$0.0754.3%15.4%
$640.00Jul 31Aug 4$0.0749.9%38.8%
$799.00Jul 31Aug 21$0.0726.3%12.3%
$797.00Jul 31Aug 21$0.0825.5%12.1%
$798.00Jul 31Aug 21$0.0825.9%12.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$720.00Jul 28Jul 29$0.0697.8%26.2%
$751.00Jul 28Jul 29$0.0645.8%15.8%
$772.00Jul 28Aug 21$0.06129.6%11.7%
$721.00Jul 28Jul 29$0.0793.6%25.7%
$762.00Jul 28Jul 31$0.0790.9%13.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,067 found (cheapest 0.16% of stock, avg 5.07%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$741.00Jul 28$0.85$0.37$1.22$739.78$742.220.16%
$742.00Jul 28$0.35$0.87$1.22$740.78$743.220.16%
$740.00Jul 28$1.61$0.13$1.74$738.26$741.740.23%
$743.00Jul 28$0.12$1.64$1.76$741.24$744.760.24%
$739.00Jul 28$2.55$0.05$2.60$736.40$741.600.35%
$744.00Jul 28$0.05$2.53$2.58$741.42$746.580.35%
$738.00Jul 28$3.53$0.03$3.56$734.44$741.560.48%
$745.00Jul 28$0.03$3.51$3.54$741.46$748.540.48%
$737.00Jul 28$4.52$0.02$4.54$732.46$741.540.61%
$746.00Jul 28$0.02$4.51$4.53$741.47$750.530.61%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 384 found (cheapest 0.01% of stock, avg 1.84%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$744.00$739.00Jul 28$0.05$0.05$0.10$738.90$744.10
$743.00$739.00Jul 28$0.12$0.05$0.17$738.83$743.17
$744.00$740.00Jul 28$0.05$0.13$0.18$739.82$744.18
$743.00$740.00Jul 28$0.12$0.13$0.25$739.75$743.25
$742.00$739.00Jul 28$0.35$0.05$0.40$738.60$742.40
$742.00$740.00Jul 28$0.35$0.13$0.48$739.52$742.48
$744.00$741.00Jul 28$0.05$0.37$0.42$740.58$744.42
$743.00$741.00Jul 28$0.12$0.37$0.49$740.51$743.49
$742.00$741.00Jul 28$0.35$0.37$0.72$740.28$742.72
$746.00$737.00Jul 29$1.13$1.56$2.69$734.31$748.69

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 443 found (best R:R 34.29, avg credit $2.49)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
695/700711/717Aug 5$5.83$0.1734.29$694.17$716.83
680/685690/697Aug 14$6.80$0.2034.00$678.20$696.80
675/680690/697Aug 14$6.77$0.2329.43$673.23$696.77
695/700725/730Aug 11$4.83$0.1728.41$695.17$729.83
655/660665/675Sep 4$9.66$0.3428.41$650.34$674.66
650/655665/675Sep 4$9.64$0.3626.78$645.36$674.64
650/655660/680Aug 28$19.25$0.7525.67$635.75$679.25
645/650665/675Sep 4$9.62$0.3825.32$640.38$674.62
640/645665/675Sep 4$9.61$0.3924.64$635.39$674.61
600/610665/675Sep 4$9.60$0.4024.00$600.40$674.60

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 197 found (best R:R 165.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$635.00$655.00$675.00Aug 14$0.12$19.88165.67
$785.00$790.00$795.00Aug 28$0.08$4.9261.50
$770.00$775.00$780.00Aug 11$0.09$4.9154.56
$610.00$615.00$620.00Aug 21$0.12$4.8840.67
$600.00$605.00$610.00Jul 31$0.15$4.8532.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$685.00$690.00$695.00Aug 11$0.05$4.9599.00
$690.00$695.00$700.00Aug 10$0.06$4.9482.33
$700.00$705.00$710.00Aug 11$0.07$4.9370.43
$695.00$700.00$705.00Aug 11$0.08$4.9261.50
$705.00$710.00$715.00Aug 11$0.12$4.8840.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 936 found (best net $-0.01, 927 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$788.00$835.001:2Aug 10-$0.01$46.99
$600.00$665.001:2Sep 4-$18.44$46.56
$791.00$810.001:2Aug 6-$0.02$18.98
$820.00$835.001:2Jul 28-$0.01$14.99
$820.00$835.001:2Aug 5-$0.01$14.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$610.001:2Aug 6-$0.02$24.98
$780.00$761.001:2Jul 30-$0.69$18.31
$779.00$759.001:2Sep 4-$3.96$16.04
$655.00$640.001:2Jul 28-$0.01$14.99
$645.00$630.001:2Aug 3-$0.01$14.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 380 found (best yield 2.15%, avg 0.53%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$742.00Sep 4$15.960.510.1%2.15%2.22%49381
$743.00Sep 4$15.320.500.2%2.07%2.27%9372
$744.00Sep 4$14.690.480.3%1.98%2.32%380
$742.00Aug 31$14.590.510.1%1.97%2.04%1.1K382
$742.00Aug 28$14.200.510.1%1.92%1.99%525392
$745.00Sep 4$14.070.480.5%1.90%2.37%285126
$743.00Aug 31$13.950.490.2%1.88%2.09%690459
$743.00Aug 28$13.560.490.2%1.83%2.03%201289
$746.00Sep 4$13.460.470.6%1.82%2.42%324363
$744.00Aug 31$13.330.480.3%1.80%2.14%895544

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 4,776,908
Total Puts 5,699,470
Put/Call Ratio 1.19
Net Difference -922,562

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 33,985,837
Total Puts 40,842,177
Average Put/Call Ratio 1.22
Ratio Trend Rising

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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