Tour v477
SPY
State Street SPDR S&P 500 ETF Trust
$747.15 +0.74%
7/31 15:18

Option Volume

Detail
Current (07/31) 12,172,279
Calls: 5,815,414 (48%)
Puts: 6,356,865 (52%)
Prior (07/30) 12,214,046
Calls: 5,560,438 (46%)
Puts: 6,653,608 (54%)
Current vs Prior -0.34%
Calls: +4.59% (Calls)
Puts: -4.46% (Puts)
Prior 7-Day Total 66,471,747
Calls: 30,050,129 (45%)
Puts: 36,421,618 (55%)
Prior 7-Day Average 11,078,624
Calls: 4,292,875 (45%)
Puts: 5,203,088 (55%)
Current vs Prior 7-Day Avg +9.87%
Calls: +35.47%
Puts: +22.17%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/31) $2.13B
Calls: $1.78B (84%)
Puts: $346.07M (16%)
Prior (07/30) $2.60B
Calls: $2.15B (83%)
Puts: $449.11M (17%)
Current vs Prior -18.17%
Calls: -17.17%
Puts: -22.94%
Prior 7-Day Total $12.70B
Calls: $5.02B (39%)
Puts: $7.69B (61%)
Prior 7-Day Average $2.12B
Calls: $716.49M (39%)
Puts: $1.10B (61%)
Current vs Prior 7-Day Avg +0.47%
Calls: +148.60%
Puts: -68.49%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/31) 1.09
Prior (07/30) 1.20
Current vs Prior -8.65%
Prior 7-Day Average 1.23
Current vs Prior 7-Day Avg -11.18%
Sentiment BEARISH

Open Interest

Detail
Current (07/31) 8,018,860
Calls: 2,427,346 (30%)
Puts: 5,591,514 (70%)
Prior (07/30) 6,585,674
Calls: 1,852,859 (28%)
Puts: 4,732,815 (72%)
Current vs Prior +21.76%
Prior 7-Day Total 40,757,268
Calls: 11,271,978 (28%)
Puts: 29,485,290 (72%)
Prior 7-Day Average 6,792,878
Calls: 1,878,663 (28%)
Puts: 4,914,215 (72%)
Current vs Prior 7-Day Avg +18.05%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/31) | Next (08/03)Expiry (07/31) | Next (08/03)Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 0.26% | 0.66%0.26% | 0.66%0.26% | 1.34%2.49% | 4.20%
Prior 0.80% | 1.07%0.80% | 1.07%0.80% | 1.74%2.85% | 4.52%
Current vs Prior -67.41% | -38.21%-67.41% | -38.21%-67.41% | -22.64%-12.76% | -7.15%
Prior 7-Day Avg 0.84% | 1.17%0.62% | 1.27%1.33% | 2.20%3.33% | 4.89%
Current vs 7-Day Avg -69.13% | -43.72%-58.30% | -47.87%-80.55% | -38.98%-25.32% | -14.05%
Prior 7-Day Eod 0.80% | 1.07%0.80% | 1.07%0.80% | 1.74%2.85% | 4.52%
Current vs 7-Day Eod -67.41% | -38.21%-67.41% | -38.21%-67.41% | -22.64%-12.76% | -7.15%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.93% | 1.20%
Calls: 1.37% | 0.85%
Puts: 2.48% | 1.54%
Prior 1.79% | 2.73%
Calls: 1.97% | 3.36%
Puts: 1.61% | 2.10%
Current vs Prior +7.82% | -56.04%
Prior 7-Day Avg 1.49% | 1.26%
Calls: 1.31% | 1.35%
Puts: 1.65% | 1.17%
Current vs 7-Day Avg +29.97% | -4.64%
Liquidity Good
+
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🤖 AI Insights

Strong bullish conviction with 84% of dollar volume in calls ($1.78B) vs puts ($346.07M). Slightly bearish P/C ratio of 1.09. Put-heavy open interest (5,591,514 puts vs 2,427,346 calls) suggests hedging or bearish positioning. Rising open interest (up 22%) indicates new positions being established.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
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 2,498 of results (avg 2.8%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$625.00Jul 31122.04122.20$122.120.1%51.00609
$637.00Jul 31110.05110.21$110.130.1%61.00703
$690.00Aug 2159.5059.60$59.550.2%90.935.6K
$673.00Jul 3174.0474.20$74.120.2%171.00267
$700.00Aug 2149.8549.96$49.910.2%890.927.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$744.00Aug 62.892.90$2.900.3%2.3K0.39135
$740.00Aug 72.492.50$2.500.4%17.3K0.3019.8K
$741.00Aug 62.152.16$2.160.5%2.0K0.30927
$738.00Aug 72.102.11$2.110.5%4.2K0.263.4K
$746.00Aug 74.134.15$4.140.5%5.2K0.471.8K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 741 found (avg $0.38, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$750.00Jul 310.050.06$0.0616.7%191.9K0.0635.6K
$765.00Aug 70.050.06$0.0616.7%1.4K0.028.0K
$768.00Aug 100.050.06$0.0616.7%340.0237
$770.00Aug 110.050.06$0.0616.7%2750.01260
$774.00Aug 120.050.06$0.0616.7%1210.01--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$744.00Jul 310.050.06$0.0616.7%316.0K0.074.1K
$721.00Aug 30.050.06$0.0616.7%1.8K0.011.8K
$722.00Aug 30.050.06$0.0616.7%5.6K0.012.7K
$723.00Aug 30.050.06$0.0616.7%6.7K0.012.1K
$706.00Aug 40.050.06$0.0616.7%1180.01422

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,213 found (avg delta 0.85, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31145.73147.21$146.471.0%181.006.3K
$605.00Jul 31141.77142.29$142.030.4%101.0035
$610.00Jul 31135.72137.20$136.461.1%--1.00139
$615.00Jul 31130.72132.20$131.461.1%--1.00572
$620.00Jul 31125.72127.20$126.461.2%151.001.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$895.00Jul 31146.48149.31$147.891.9%101.00--
$775.00Aug 1426.7329.64$28.1910.3%121.0011
$784.00Jul 3135.4738.28$36.887.6%91.00--
$785.00Jul 3137.7738.02$37.900.7%131.00--
$786.00Jul 3138.7139.12$38.921.1%111.00--

Most actively traded options today. High liquidity = easy entry/exit. 2,917 active (total vol 12.1M, top 661.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$746.00Jul 311.391.41$1.401.4%661.3K0.7111.8K
$745.00Jul 312.232.25$2.240.9%586.7K0.8620.6K
$744.00Jul 313.073.25$3.165.7%471.0K0.9310.5K
$747.00Jul 310.720.73$0.731.4%464.8K0.4913.0K
$743.00Jul 314.064.23$4.144.1%439.0K0.9510.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 310.010.02$0.0250.0%471.9K0.0148.5K
$742.00Jul 310.020.03$0.0333.3%387.1K0.039.4K
$745.00Jul 310.110.12$0.128.3%375.9K0.1423.0K
$741.00Jul 310.020.03$0.0333.3%358.8K0.028.1K
$743.00Jul 310.030.04$0.0425.0%324.0K0.0444.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 404 strikes (avg 1030.9%, max 2632.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$890.00Jul 31Sep 4506.6%18.5%2632.4%--6.2K
$860.00Jul 31Sep 11414.7%15.4%2592.8%1753
$850.00Jul 31Sep 11382.8%14.6%2527.6%681.0K
$875.00Jul 31Sep 4461.2%17.6%2513.6%--973
$870.00Jul 31Sep 4445.9%17.1%2507.9%--2.7K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$840.00Jul 31Aug 21350.5%17.4%1910.8%9--
$600.00Jul 31Sep 11632.2%32.4%1850.8%11511.8K
$605.00Jul 31Sep 11609.7%31.7%1823.6%1321.5K
$800.00Jul 31Aug 31214.2%11.2%1804.7%123
$610.00Jul 31Sep 11587.4%31.0%1797.2%401.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 882 found (best R:R 49.00, avg 3.82)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$770.00$774.00Aug 13$0.11$3.89$0.1135.36$770.11
$785.00$790.00Aug 28$0.19$4.81$0.1925.32$785.19
$790.00$793.00Sep 11$0.21$2.79$0.2113.29$790.21
$753.00$754.00Aug 3$0.10$0.90$0.109.00$753.10
$760.00$761.00Aug 7$0.10$0.90$0.109.00$760.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$650.00$645.00Sep 11$0.10$4.90$0.1049.00$649.90
$675.00$670.00Aug 28$0.11$4.89$0.1144.45$674.89
$665.00$660.00Sep 4$0.12$4.88$0.1240.67$664.88
$655.00$650.00Sep 11$0.12$4.88$0.1240.67$654.88
$660.00$655.00Sep 11$0.13$4.87$0.1337.46$659.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,308 found (best R:R 249.00, avg 3.12)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$600.00$625.00Aug 3$24.90$24.90$0.10249.00$624.90
$630.00$665.00Aug 3$34.86$34.86$0.14249.00$664.86
$685.00$700.00Aug 4$14.84$14.84$0.1692.75$699.84
$690.00$699.00Aug 3$8.88$8.88$0.1274.00$698.88
$645.00$680.00Sep 4$34.47$34.47$0.5365.04$679.47
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$840.00$800.00Aug 21$39.75$39.75$0.25159.00$800.25
$778.00$765.00Aug 5$12.80$12.80$0.2064.00$765.20
$780.00$773.00Aug 7$6.87$6.87$0.1352.85$773.13
$785.00$770.00Aug 31$14.48$14.48$0.5227.85$770.52
$865.00$860.00Aug 3$4.82$4.82$0.1826.78$860.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 243 found (avg debit $0.84, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$819.00Sep 4Sep 11$0.0512.8%12.3%
$797.00Jul 31Aug 21$0.06203.5%11.5%
$798.00Jul 31Aug 21$0.06207.0%11.6%
$799.00Jul 31Aug 21$0.06210.6%11.8%
$814.00Sep 4Sep 11$0.0612.4%12.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$724.00Jul 31Aug 3$0.05117.2%16.0%
$725.00Jul 31Aug 3$0.06112.6%15.7%
$726.00Jul 31Aug 3$0.06107.9%15.1%
$727.00Jul 31Aug 3$0.07103.3%14.7%
$686.00Jul 31Aug 7$0.08262.7%26.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,202 found (cheapest 0.18% of stock, avg 5.33%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$747.00Jul 31$0.73$0.61$1.34$745.66$748.340.18%
$748.00Jul 31$0.32$1.21$1.53$746.47$749.530.20%
$746.00Jul 31$1.40$0.28$1.68$744.32$747.680.22%
$749.00Jul 31$0.13$2.01$2.14$746.86$751.140.29%
$745.00Jul 31$2.24$0.12$2.36$742.64$747.360.32%
$750.00Jul 31$0.06$2.93$2.99$747.01$752.990.40%
$744.00Jul 31$3.16$0.06$3.22$740.78$747.220.43%
$751.00Jul 31$0.03$3.92$3.95$747.05$754.950.53%
$743.00Jul 31$4.14$0.04$4.18$738.82$747.180.56%
$748.00Aug 3$1.78$2.59$4.37$743.63$752.370.58%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 387 found (cheapest 0.02% of stock, avg 1.56%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$750.00$745.00Jul 31$0.06$0.12$0.18$744.82$750.18
$750.00$744.00Jul 31$0.06$0.06$0.12$743.88$750.12
$749.00$745.00Jul 31$0.13$0.12$0.25$744.75$749.25
$749.00$744.00Jul 31$0.13$0.06$0.19$743.81$749.19
$748.00$744.00Jul 31$0.32$0.06$0.38$743.62$748.38
$749.00$746.00Jul 31$0.13$0.28$0.41$745.59$749.41
$750.00$746.00Jul 31$0.06$0.28$0.34$745.66$750.34
$748.00$745.00Jul 31$0.32$0.12$0.44$744.56$748.44
$748.00$746.00Jul 31$0.32$0.28$0.60$745.40$748.60
$747.00$745.00Jul 31$0.73$0.12$0.85$744.15$747.85

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 264 found (best R:R 82.33, avg credit $2.08)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
675/680685/700Sep 4$14.82$0.1882.33$665.18$699.82
670/675685/700Sep 4$14.80$0.2074.00$660.20$699.80
665/670685/700Sep 4$14.78$0.2267.18$655.22$699.78
660/665685/700Sep 4$14.76$0.2461.50$650.24$699.76
675/680685/690Aug 28$4.89$0.1144.45$675.11$689.89
670/675685/690Aug 28$4.86$0.1434.71$670.14$689.86
645/650655/718Sep 11$59.27$3.7315.89$590.73$714.27
729/730731/733Aug 11$1.84$0.1611.50$728.16$732.84
728/729731/733Aug 11$1.83$0.1710.76$727.17$732.83
730/731739/740Aug 11$0.90$0.109.00$730.10$739.90

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 337 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$680.00$685.00$690.00Aug 28$0.05$4.9599.00
$680.00$685.00$690.00Aug 3$0.06$4.9482.33
$785.00$790.00$795.00Aug 28$0.09$4.9154.56
$665.00$670.00$675.00Aug 3$0.12$4.8840.67
$675.00$680.00$685.00Aug 28$0.24$4.7619.83
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$885.00$890.00$895.00Jul 31$0.05$4.9599.00
$675.00$680.00$685.00Sep 11$0.05$4.9599.00
$865.00$870.00$875.00Jul 31$0.06$4.9482.33
$875.00$880.00$885.00Jul 31$0.06$4.9482.33
$810.00$815.00$820.00Jul 31$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. 1,110 found (best net $--, 1,102 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$805.00$860.001:2Aug 13$0.00$55.00
$835.00$860.001:2Aug 12$0.00$25.00
$795.00$820.001:2Aug 12-$0.02$24.98
$790.00$810.001:2Aug 11-$0.02$19.98
$788.00$805.001:2Aug 10-$0.02$16.98
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$840.00$800.001:2Aug 21-$13.48$26.52
$665.00$640.001:2Aug 13-$0.04$24.96
$665.00$650.001:2Aug 12-$0.07$14.93
$800.00$778.001:2Aug 5-$8.87$13.13
$645.00$635.001:2Aug 5-$0.02$9.98

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 346 found (best yield 2.00%, avg 0.47%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$748.00Sep 11$14.950.490.1%2.00%2.11%62
$749.00Sep 11$14.320.480.2%1.92%2.16%53
$750.00Sep 11$13.710.470.4%1.83%2.22%2732
$748.00Sep 4$13.440.490.1%1.80%1.91%8534
$751.00Sep 11$13.100.470.5%1.75%2.27%42--
$749.00Sep 4$12.820.480.2%1.72%1.96%117714
$752.00Sep 11$12.510.460.7%1.67%2.32%2--
$750.00Sep 4$12.210.470.4%1.63%2.02%2651.0K
$748.00Aug 31$11.950.490.1%1.60%1.71%306935
$753.00Sep 11$11.940.450.8%1.60%2.38%2--

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 5,815,414
Total Puts 6,356,865
Put/Call Ratio 1.09
Net Difference -541,451

Prior's Put/Call Breakdown

Total Calls 5,560,438
Total Puts 6,653,608
Put/Call Ratio 1.20
Net Difference -1,093,170

Prior 7-Day Put/Call Summary

Total Calls 30,050,129
Total Puts 36,421,618
Average Put/Call Ratio 1.23
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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