Tour v452
SPY
State Street SPDR S&P 500 ETF Trust
$740.86 +0.24%
$741.33 (+0.06%)🌙
as of 07/28 06:11 PM
(7/28 16:20) ◀
|
Tuesday, July 28, 2026 (6:11pm)
January 2026
|
▶ (7/29 09:35)
◀ 7/28 18:11 ▶

Option Volume

Detail
ℹ
Current (07/28) 11,520,261
Calls: 5,207,381 (45%)
Puts: 6,312,880 (55%)
Prior (07/27) 13,171,871
Calls: 6,520,321 (50%)
Puts: 6,651,550 (50%)
Current vs Prior -12.54%
Calls: -20.14% (Calls)
Puts: -5.09% (Puts)
Prior 7-Day Total 61,939,206
Calls: 28,049,761 (45%)
Puts: 33,889,445 (55%)
Prior 7-Day Average 10,323,201
Calls: 4,007,108 (45%)
Puts: 4,841,349 (55%)
Current vs Prior 7-Day Avg +11.60%
Calls: +29.95%
Puts: +30.40%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/28) $1.38B
Calls: $736.32M (53%)
Puts: $640.31M (47%)
Prior (07/27) $1.60B
Calls: $640.75M (40%)
Puts: $964.13M (60%)
Current vs Prior -14.22%
Calls: +14.91%
Puts: -33.59%
Prior 7-Day Total $7.96B
Calls: $3.77B (47%)
Puts: $4.19B (53%)
Prior 7-Day Average $1.33B
Calls: $538.55M (47%)
Puts: $597.90M (53%)
Current vs Prior 7-Day Avg +3.83%
Calls: +36.72%
Puts: +7.09%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/28) 1.21
Prior (07/27) 1.02
Current vs Prior +18.84%
Prior 7-Day Average 1.23
Current vs Prior 7-Day Avg -1.40%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/28) 6,280,344
Calls: 1,758,844 (28%)
Puts: 4,521,500 (72%)
Prior (07/27) 7,554,153
Calls: 2,204,257 (29%)
Puts: 5,349,896 (71%)
Current vs Prior -16.86%
Prior 7-Day Total 42,746,248
Calls: 12,382,278 (29%)
Puts: 30,363,970 (71%)
Prior 7-Day Average 7,124,374
Calls: 2,063,713 (29%)
Puts: 5,060,661 (71%)
Current vs Prior 7-Day Avg -11.85%
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 0.17% | 0.90%0.90% | 1.48%1.48% | 2.17%3.19% | 4.73%
Prior 0.70% | 1.11%0.18% | 1.11%1.64% | 2.31%3.29% | 4.82%
Current vs Prior +27.58% | +11.67%+402.58% | +32.94%-10.02% | -5.96%-3.11% | -1.81%
Prior 7-Day Avg 0.71% | 1.00%0.53% | 1.10%1.23% | 2.11%2.75% | 4.61%
Current vs 7-Day Avg +26.66% | +24.35%+68.66% | +34.59%+19.61% | +2.83%+16.01% | +2.53%
Prior 7-Day Eod 0.23% | 0.90%0.18% | 1.11%1.64% | 2.31%3.29% | 4.82%
Current vs 7-Day Eod +286.95% | +37.28%+402.58% | +32.94%-10.02% | -5.96%-3.11% | -1.81%
Sentiment BEARISHBEARISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 1.19% | 0.98%
Calls: 1.37% | 1.01%
Puts: 1.00% | 0.95%
Prior 1.68% | 0.73%
Calls: 0.82% | 0.75%
Puts: 2.54% | 0.71%
Current vs Prior -29.17% | +34.25%
Prior 7-Day Avg 1.57% | 0.91%
Calls: 1.31% | 0.94%
Puts: 2.00% | 1.12%
Current vs 7-Day Avg -24.28% | +7.89%
Liquidity Excellent
+
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🤖 AI Insights

Bearish P/C ratio of 1.21 indicates protective positioning. Put-heavy open interest (4,521,500 puts vs 1,758,844 calls) suggests hedging or bearish positioning. Declining open interest (down 17%) indicates positions being closed.

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 BEARISH
Prior NEUTRAL
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 2,007 of results (avg 2.6%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31141.28141.42$141.350.1%3071.006.3K
$700.00Jul 3141.4541.58$41.520.3%2560.986.7K
$690.00Aug 2154.9555.16$55.060.4%720.905.6K
$742.00Sep 415.5715.63$15.600.4%490.50381
$741.00Aug 2112.4812.53$12.510.4%6.9K0.512.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$746.00Aug 3114.1414.20$14.170.4%270.551.8K
$738.00Aug 219.409.44$9.420.4%3.9K0.453.4K
$748.00Sep 415.8615.93$15.900.4%10.56--
$735.00Jul 302.202.21$2.210.5%9.5K0.305.0K
$743.00Aug 3112.9212.98$12.950.5%8980.52913

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 511 found (avg $0.40, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$764.00Aug 40.050.06$0.0616.7%2.1K0.01333
$773.00Aug 70.050.06$0.0616.7%170.01844
$776.00Aug 100.050.06$0.0616.7%410.01--
$790.00Aug 140.050.06$0.0616.7%490.011.8K
$810.00Aug 210.050.06$0.0616.7%600.0113.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$721.00Jul 290.050.06$0.0616.7%6.9K0.024.2K
$705.00Jul 300.050.06$0.0616.7%5230.01790
$706.00Jul 300.050.06$0.0616.7%1420.01424
$689.00Jul 310.050.06$0.0616.7%1430.01996
$690.00Jul 310.050.06$0.0616.7%4900.017.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 819 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 28139.51142.33$140.922.0%41.002
$605.00Jul 28134.51137.33$135.922.1%41.00--
$655.00Jul 2984.6687.46$86.063.3%11.001
$665.00Jul 3074.7777.57$76.173.7%11.00--
$595.00Jul 31145.38146.92$146.151.1%71.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$742.00Jul 281.071.14$1.116.3%357.1K1.004.2K
$743.00Jul 281.882.17$2.0314.3%120.6K1.004.9K
$744.00Jul 282.863.19$3.0310.9%29.1K1.004.8K
$745.00Jul 283.884.17$4.037.2%11.9K1.006.3K
$746.00Jul 284.865.17$5.026.2%3.9K1.001.7K

Most actively traded options today. High liquidity = easy entry/exit. 2,640 active (total vol 11.5M, top 753.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$742.00Jul 280.020.03$0.0333.3%753.1K0.078.0K
$741.00Jul 280.220.23$0.234.3%528.8K0.455.3K
$743.00Jul 280.010.02$0.0250.0%505.6K0.039.7K
$740.00Jul 280.941.01$0.987.1%402.5K0.9012.3K
$744.00Jul 280.000.01$0.01100.0%319.9K0.017.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$741.00Jul 280.300.31$0.313.2%711.3K0.564.2K
$740.00Jul 280.030.04$0.0425.0%641.3K0.109.8K
$737.00Jul 280.000.01$0.01100.0%401.2K0.019.0K
$736.00Jul 280.000.01$0.01100.0%395.3K0.017.4K
$739.00Jul 280.010.02$0.0250.0%367.6K0.046.3K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 275 strikes (avg 450.4%, max 2370.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$600.00Jul 28Sep 4841.7%34.1%2370.1%124
$791.00Jul 28Sep 4282.8%11.8%2300.2%90610
$788.00Jul 28Sep 4267.7%11.8%2165.6%3661.2K
$787.00Jul 28Sep 4262.7%11.8%2118.9%52316
$781.00Jul 28Sep 4232.1%12.1%1822.4%30334
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$782.00Jul 28Aug 21237.3%11.2%2014.4%37--
$780.00Jul 28Aug 28227.0%11.8%1830.8%97--
$779.00Jul 28Sep 4221.8%12.2%1721.3%103--
$675.00Jul 28Sep 4393.9%23.0%1610.3%582522
$775.00Jul 28Aug 28200.9%12.0%1570.9%13--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 959 found (best R:R 89.91, avg 4.06)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$770.00$775.00Aug 11$0.11$4.89$0.1144.45$770.11
$785.00$790.00Aug 28$0.17$4.83$0.1728.41$785.17
$765.00$770.00Aug 11$0.31$4.69$0.3115.13$765.31
$762.00$763.00Aug 7$0.10$0.90$0.109.00$762.10
$777.00$778.00Aug 28$0.10$0.90$0.109.00$777.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$610.00$600.00Sep 4$0.11$9.89$0.1189.91$609.89
$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
$690.00$685.00Aug 10$0.11$4.89$0.1144.45$689.89
$680.00$675.00Aug 14$0.11$4.89$0.1144.45$679.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,312 found (best R:R 349.00, avg 2.99)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$600.00$635.00Aug 7$34.90$34.90$0.10349.00$634.90
$680.00$700.00Aug 3$19.86$19.86$0.14141.86$699.86
$640.00$709.00Aug 4$68.42$68.42$0.58117.97$708.42
$660.00$680.00Aug 7$19.83$19.83$0.17116.65$679.83
$690.00$700.00Jul 28$9.90$9.90$0.1099.00$699.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$800.00$770.00Aug 31$29.28$29.28$0.7240.67$770.72
$765.00$761.00Aug 7$3.86$3.86$0.1427.57$761.14
$782.00$775.00Aug 21$6.69$6.69$0.3121.58$775.31
$757.00$755.00Aug 5$1.90$1.90$0.1019.00$755.10
$760.00$758.00Aug 3$1.89$1.89$0.1117.18$758.11

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 169 found (avg debit $0.97, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$752.00Jul 28Jul 29$0.0773.8%15.9%
$726.00Jul 28Jul 29$0.0898.2%24.3%
$798.00Jul 31Aug 21$0.0826.7%12.4%
$680.00Jul 28Jul 29$0.09365.0%55.0%
$665.00Jul 29Jul 30$0.1068.1%47.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$707.00Jul 29Jul 30$0.0535.1%28.9%
$722.00Jul 28Jul 29$0.06122.0%25.0%
$754.00Jul 28Jul 29$0.0685.6%15.4%
$755.00Jul 28Jul 29$0.0691.4%15.4%
$756.00Jul 28Jul 29$0.0697.2%16.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 785 found (cheapest 0.07% of stock, avg 3.85%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$741.00Jul 28$0.23$0.31$0.54$740.46$741.540.07%
$740.00Jul 28$0.98$0.04$1.02$738.98$741.020.14%
$742.00Jul 28$0.03$1.11$1.14$740.86$743.140.15%
$739.00Jul 28$2.01$0.02$2.03$736.97$741.030.27%
$743.00Jul 28$0.02$2.03$2.05$740.95$745.050.28%
$738.00Jul 28$3.00$0.02$3.02$734.98$741.020.41%
$744.00Jul 28$0.01$3.03$3.04$740.96$747.040.41%
$737.00Jul 28$4.00$0.01$4.01$732.99$741.010.54%
$745.00Jul 28$0.01$4.03$4.04$740.96$749.040.55%
$736.00Jul 28$5.00$0.01$5.01$730.99$741.010.68%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 377 found (cheapest 0.01% of stock, avg 1.86%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$742.00$740.00Jul 28$0.03$0.04$0.07$739.93$742.07
$741.00$740.00Jul 28$0.23$0.04$0.27$739.73$741.27
$746.00$737.00Jul 29$0.93$1.61$2.54$734.46$748.54
$745.00$737.00Jul 29$1.24$1.61$2.85$734.15$747.85
$746.00$738.00Jul 29$0.93$1.89$2.82$735.18$748.82
$745.00$738.00Jul 29$1.24$1.89$3.13$734.87$748.13
$746.00$739.00Jul 29$0.93$2.22$3.15$735.85$749.15
$744.00$737.00Jul 29$1.62$1.61$3.23$733.77$747.23
$765.00$720.00Aug 11$0.51$2.87$3.38$716.62$768.38
$744.00$738.00Jul 29$1.62$1.89$3.51$734.49$747.51

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 443 found (best R:R 49.00, avg credit $2.70)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
675/680685/690Aug 28$4.90$0.1049.00$675.10$689.90
665/670680/685Aug 28$4.88$0.1240.67$665.12$684.88
660/665680/685Aug 28$4.87$0.1337.46$660.13$684.87
670/675685/690Aug 28$4.87$0.1337.46$670.13$689.87
680/685690/695Aug 28$4.87$0.1337.46$680.13$694.87
655/660680/685Aug 28$4.84$0.1630.25$655.16$684.84
665/670685/690Aug 28$4.83$0.1728.41$665.17$689.83
675/680690/695Aug 28$4.83$0.1728.41$675.17$694.83
655/660665/675Sep 4$9.65$0.3527.57$650.35$674.65
650/655680/685Aug 28$4.82$0.1826.78$650.18$684.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 172 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$635.00$640.00$645.00Jul 31$0.05$4.9599.00
$770.00$775.00$780.00Aug 11$0.07$4.9370.43
$685.00$690.00$695.00Aug 28$0.07$4.9370.43
$785.00$790.00$795.00Aug 28$0.07$4.9370.43
$720.00$725.00$730.00Aug 11$0.11$4.8944.45
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$685.00$690.00$695.00Aug 11$0.05$4.9599.00
$695.00$700.00$705.00Aug 11$0.07$4.9370.43
$700.00$705.00$710.00Aug 11$0.09$4.9154.56
$705.00$710.00$715.00Aug 11$0.12$4.8840.67
$710.00$715.00$720.00Aug 11$0.13$4.8737.46

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 779 found (best net $-5.92, 768 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$605.00$670.001:2Jul 28-$5.92$59.08
$600.00$665.001:2Sep 4-$17.76$47.24
$788.00$835.001:2Aug 10-$0.01$46.99
$840.00$885.001:2Jul 31-$0.01$44.99
$805.00$835.001:2Jul 31-$0.01$29.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$800.00$770.001:2Aug 31-$0.52$29.48
$635.00$615.001:2Aug 6-$0.03$19.97
$780.00$761.001:2Jul 30-$1.20$17.80
$650.00$635.001:2Jul 29-$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. 381 found (best yield 2.19%, avg 0.54%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$741.00Sep 4$16.210.510.0%2.19%2.21%19493
$742.00Sep 4$15.570.500.1%2.10%2.26%49381
$743.00Sep 4$14.930.490.3%2.02%2.30%9572
$741.00Aug 31$14.850.510.0%2.00%2.02%1.2K418
$741.00Aug 28$14.460.510.0%1.95%1.97%169374
$744.00Sep 4$14.310.470.4%1.93%2.36%380
$742.00Aug 31$14.210.500.1%1.92%2.07%1.1K382
$742.00Aug 28$13.820.500.1%1.87%2.02%546392
$745.00Sep 4$13.700.470.6%1.85%2.41%347126
$743.00Aug 31$13.580.480.3%1.83%2.12%691459

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 5,207,381
Total Puts 6,312,880
Put/Call Ratio 1.21
Net Difference -1,105,499

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 28,049,761
Total Puts 33,889,445
Average Put/Call Ratio 1.23
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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