Tour v477
SPY
State Street SPDR S&P 500 ETF Trust
$747.88 +0.83%
7/31 15:22

Option Volume

Detail
Current (07/31) 12,416,912
Calls: 5,948,656 (48%)
Puts: 6,468,256 (52%)
Prior (07/30) 12,214,046
Calls: 5,560,438 (46%)
Puts: 6,653,608 (54%)
Current vs Prior +1.66%
Calls: +6.98% (Calls)
Puts: -2.79% (Puts)
Prior 7-Day Total 78,644,026
Calls: 35,865,543 (46%)
Puts: 42,778,483 (54%)
Prior 7-Day Average 11,234,860
Calls: 5,123,649 (46%)
Puts: 6,111,211 (54%)
Current vs Prior 7-Day Avg +10.52%
Calls: +16.10%
Puts: +5.84%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/31) $2.43B
Calls: $2.10B (87%)
Puts: $328.15M (13%)
Prior (07/30) $2.60B
Calls: $2.15B (83%)
Puts: $449.11M (17%)
Current vs Prior -6.48%
Calls: -2.21%
Puts: -26.93%
Prior 7-Day Total $14.83B
Calls: $6.80B (46%)
Puts: $8.03B (54%)
Prior 7-Day Average $2.12B
Calls: $970.95M (46%)
Puts: $1.15B (54%)
Current vs Prior 7-Day Avg +14.73%
Calls: +116.57%
Puts: -71.41%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/31) 1.09
Prior (07/30) 1.20
Current vs Prior -9.13%
Prior 7-Day Average 1.21
Current vs Prior 7-Day Avg -10.22%
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 48,776,128
Calls: 13,699,324 (28%)
Puts: 35,076,804 (72%)
Prior 7-Day Average 6,968,018
Calls: 1,957,046 (28%)
Puts: 5,010,972 (72%)
Current vs Prior 7-Day Avg +15.08%
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% | 0.67%0.26% | 0.67%0.26% | 1.36%2.49% | 4.20%
Prior 0.80% | 1.07%0.80% | 1.07%0.80% | 1.74%2.85% | 4.52%
Current vs Prior -67.45% | -37.02%-67.44% | -37.01%-67.44% | -21.78%-12.70% | -7.18%
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 -69.16% | -42.63%-58.35% | -46.86%-80.57% | -38.30%-25.27% | -14.08%
Prior 7-Day Eod 0.26% | 0.66%0.80% | 1.07%0.80% | 1.74%2.85% | 4.52%
Current vs 7-Day Eod -0.10% | +1.93%-67.44% | -37.01%-67.44% | -21.78%-12.70% | -7.18%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.50% | 0.80%
Calls: 1.68% | 0.72%
Puts: 1.33% | 0.88%
Prior 1.79% | 2.73%
Calls: 1.97% | 3.36%
Puts: 1.61% | 2.10%
Current vs Prior -16.20% | -70.70%
Prior 7-Day Avg 1.55% | 1.25%
Calls: 1.31% | 1.35%
Puts: 1.65% | 1.17%
Current vs 7-Day Avg -3.14% | -36.00%
Liquidity Excellent
+
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🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($2.10B) vs puts ($328.15M). 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 2,485 of results (avg 2.9%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$625.00Jul 31122.76122.93$122.850.1%51.00609
$637.00Jul 31110.76110.93$110.850.2%61.00703
$675.00Jul 3172.7772.94$72.850.2%381.00638
$676.00Jul 3171.7771.94$71.850.2%251.0087
$673.00Jul 3174.7674.94$74.850.2%171.00267
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$747.00Aug 53.093.10$3.100.3%1.4K0.47465
$720.00Aug 313.994.01$4.000.5%7.2K0.2011.9K
$747.00Aug 31.871.88$1.880.5%13.9K0.451.6K
$745.00Aug 73.553.57$3.560.6%17.8K0.4127.1K
$746.00Sep 410.5110.57$10.540.6%7210.47116

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 752 found (avg $0.39, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$763.00Aug 60.050.06$0.0616.7%1910.02693
$769.00Aug 100.050.06$0.0616.7%550.0240
$772.00Aug 110.050.06$0.0616.7%10.013
$780.00Aug 130.050.06$0.0616.7%250.016
$783.00Aug 140.050.06$0.0616.7%--0.01585
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$721.00Aug 30.050.06$0.0616.7%1.9K0.011.8K
$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
$707.00Aug 40.050.06$0.0616.7%1140.01957

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,217 found (avg delta 0.85, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31146.49148.45$147.471.3%181.006.3K
$605.00Jul 31141.96143.03$142.500.8%101.0035
$610.00Jul 31136.49139.05$137.771.9%--1.00139
$615.00Jul 31131.50134.12$132.812.0%--1.00572
$620.00Jul 31126.49129.08$127.792.0%151.001.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$786.00Jul 3137.9438.26$38.100.8%111.00--
$787.00Jul 3137.7940.54$39.177.0%81.00--
$788.00Jul 3138.7941.54$40.176.8%131.00--
$789.00Jul 3139.7942.54$41.176.7%91.00--
$790.00Jul 3141.6243.51$42.574.4%271.0052

Most actively traded options today. High liquidity = easy entry/exit. 2,926 active (total vol 12.4M, top 672.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$746.00Jul 311.992.02$2.011.5%672.1K0.8411.8K
$745.00Jul 312.882.95$2.922.4%589.9K0.9220.6K
$747.00Jul 311.181.20$1.191.7%489.4K0.6713.0K
$744.00Jul 313.853.95$3.902.6%471.8K0.9510.5K
$743.00Jul 314.844.95$4.892.2%439.6K1.0010.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 310.010.02$0.0250.0%474.3K0.0148.5K
$742.00Jul 310.020.03$0.0333.3%389.9K0.029.4K
$745.00Jul 310.070.08$0.0812.5%386.4K0.0823.0K
$741.00Jul 310.010.02$0.0250.0%361.3K0.018.1K
$743.00Jul 310.020.03$0.0333.3%326.3K0.0344.0K

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 1088.1%, max 2757.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$890.00Jul 31Sep 4527.0%18.4%2757.6%--6.2K
$860.00Jul 31Sep 11430.6%15.3%2718.4%1753
$875.00Jul 31Sep 4479.4%17.5%2636.5%--973
$870.00Jul 31Sep 4463.3%17.0%2629.3%--2.7K
$850.00Jul 31Sep 11397.8%14.6%2628.9%681.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$840.00Jul 31Aug 21363.5%17.3%2004.6%9--
$600.00Jul 31Sep 11664.8%32.4%1949.5%11511.8K
$605.00Jul 31Sep 11641.8%31.7%1924.8%1321.5K
$610.00Jul 31Sep 11618.4%31.0%1896.6%401.1K
$615.00Jul 31Sep 11595.2%30.3%1867.4%23850

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 874 found (best R:R 49.00, avg 3.85)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$790.00$795.00Aug 28$0.11$4.89$0.1144.45$790.11
$770.00$774.00Aug 13$0.13$3.87$0.1329.77$770.13
$785.00$790.00Aug 28$0.20$4.80$0.2024.00$785.20
$796.00$798.00Sep 11$0.10$1.90$0.1019.00$796.10
$790.00$793.00Sep 11$0.22$2.78$0.2212.64$790.22
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$650.00$645.00Sep 11$0.10$4.90$0.1049.00$649.90
$665.00$660.00Sep 4$0.11$4.89$0.1144.45$664.89
$655.00$650.00Sep 11$0.11$4.89$0.1144.45$654.89
$680.00$675.00Aug 28$0.13$4.87$0.1337.46$679.87
$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. 1,286 found (best R:R 75.92, avg 2.81)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$670.00$680.00Aug 14$9.87$9.87$0.1375.92$679.87
$630.00$650.00Aug 28$19.73$19.73$0.2773.07$649.73
$605.00$615.00Aug 7$9.86$9.86$0.1470.43$614.86
$680.00$702.00Aug 5$21.65$21.65$0.3561.86$701.65
$670.00$680.00Aug 4$9.82$9.82$0.1854.56$679.82
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$794.00$780.00Sep 4$13.66$13.66$0.3440.18$780.34
$810.00$805.00Aug 3$4.85$4.85$0.1532.33$805.15
$765.00$756.00Aug 6$8.70$8.70$0.3029.00$756.30
$783.00$780.00Aug 21$2.90$2.90$0.1029.00$780.10
$800.00$795.00Aug 3$4.82$4.82$0.1826.78$795.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 230 found (avg debit $0.86, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$625.00Jul 31Aug 3$0.05549.3%59.8%
$720.00Jul 31Aug 3$0.05146.3%18.0%
$728.00Jul 31Aug 3$0.05107.6%14.9%
$819.00Sep 4Sep 11$0.0512.8%12.2%
$699.00Jul 31Aug 3$0.06222.3%28.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$724.00Jul 31Aug 3$0.05127.0%16.5%
$725.00Jul 31Aug 3$0.05122.2%15.9%
$774.00Jul 31Aug 3$0.05119.5%13.1%
$726.00Jul 31Aug 3$0.06117.3%15.6%
$770.00Jul 31Aug 3$0.06103.0%11.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,206 found (cheapest 0.18% of stock, avg 5.36%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$748.00Jul 31$0.60$0.75$1.35$746.65$749.350.18%
$747.00Jul 31$1.19$0.34$1.53$745.47$748.530.20%
$749.00Jul 31$0.26$1.40$1.66$747.34$750.660.22%
$746.00Jul 31$2.01$0.15$2.16$743.84$748.160.29%
$750.00Jul 31$0.11$2.23$2.34$747.66$752.340.31%
$745.00Jul 31$2.92$0.08$3.00$742.00$748.000.40%
$751.00Jul 31$0.05$3.22$3.27$747.73$754.270.44%
$744.00Jul 31$3.90$0.05$3.95$740.05$747.950.53%
$752.00Jul 31$0.03$4.21$4.24$747.76$756.240.57%
$749.00Aug 3$1.62$2.72$4.34$744.66$753.340.58%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 386 found (cheapest 0.02% of stock, avg 1.55%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$751.00$745.00Jul 31$0.05$0.08$0.13$744.87$751.13
$750.00$746.00Jul 31$0.11$0.15$0.26$745.74$750.26
$750.00$745.00Jul 31$0.11$0.08$0.19$744.81$750.19
$751.00$746.00Jul 31$0.05$0.15$0.20$745.80$751.20
$749.00$746.00Jul 31$0.26$0.15$0.41$745.59$749.41
$749.00$745.00Jul 31$0.26$0.08$0.34$744.66$749.34
$751.00$747.00Jul 31$0.05$0.34$0.39$746.61$751.39
$750.00$747.00Jul 31$0.11$0.34$0.45$746.55$750.45
$749.00$747.00Jul 31$0.26$0.34$0.60$746.40$749.60
$748.00$745.00Jul 31$0.60$0.08$0.68$744.32$748.68

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 237 found (best R:R 74.00, avg credit $2.15)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
675/680685/700Sep 4$14.80$0.2074.00$665.20$699.80
670/675685/700Sep 4$14.77$0.2364.22$660.23$699.77
665/670685/700Sep 4$14.76$0.2461.50$655.24$699.76
660/665685/700Sep 4$14.73$0.2754.56$650.27$699.73
660/665680/685Sep 4$4.88$0.1240.67$660.12$684.88
645/650655/718Sep 11$59.62$3.3817.64$590.38$714.62
729/730731/733Aug 11$1.86$0.1413.29$728.14$732.86
707/708718/720Sep 11$1.81$0.199.53$706.19$719.81
730/731740/741Aug 12$0.90$0.109.00$730.10$740.90
731/732740/741Aug 12$0.90$0.109.00$731.10$740.90

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 350 found (best R:R 141.86, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$660.00$670.00$680.00Aug 14$0.07$9.93141.86
$675.00$680.00$685.00Aug 3$0.08$4.9261.50
$785.00$790.00$795.00Aug 28$0.09$4.9154.56
$670.00$675.00$680.00Aug 7$0.10$4.9049.00
$625.00$630.00$635.00Aug 14$0.13$4.8737.46
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$805.00$810.00$815.00Jul 31$0.05$4.9599.00
$835.00$840.00$845.00Aug 3$0.06$4.9482.33
$850.00$855.00$860.00Aug 3$0.06$4.9482.33
$865.00$870.00$875.00Jul 31$0.08$4.9261.50
$880.00$885.00$890.00Jul 31$0.10$4.9049.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,118 found (best net $--, 1,109 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-$12.35$27.65
$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-$8.35$13.65
$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. 360 found (best yield 2.05%, avg 0.47%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$748.00Sep 11$15.320.510.0%2.05%2.06%62
$749.00Sep 11$14.690.490.1%1.96%2.11%53
$750.00Sep 11$14.060.480.3%1.88%2.16%3732
$748.00Sep 4$13.800.510.0%1.85%1.86%8534
$751.00Sep 11$13.450.470.4%1.80%2.22%42--
$749.00Sep 4$13.170.490.1%1.76%1.91%117714
$752.00Sep 11$12.850.470.6%1.72%2.27%2--
$750.00Sep 4$12.550.480.3%1.68%1.96%2671.0K
$748.00Aug 31$12.300.500.0%1.64%1.66%312935
$753.00Sep 11$12.270.460.7%1.64%2.33%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 5,948,656
Total Puts 6,468,256
Put/Call Ratio 1.09
Net Difference -519,600

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 35,865,543
Total Puts 42,778,483
Average Put/Call Ratio 1.21
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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