Tour v528
SPY
State Street SPDR S&P 500 ETF Trust
$774.35 +1.66%
9/21 15:33

Option Volume

Detail
Current (09/21) 12,223,939
Calls: 6,794,519 (56%)
Puts: 5,429,420 (44%)
Prior (09/18) 10,010,718
Calls: 4,752,623 (47%)
Puts: 5,258,095 (53%)
Current vs Prior +22.11%
Calls: +42.96% (Calls)
Puts: +3.26% (Puts)
Prior 7-Day Total 63,594,487
Calls: 29,456,479 (46%)
Puts: 34,138,008 (54%)
Prior 7-Day Average 10,599,081
Calls: 4,208,068 (46%)
Puts: 4,876,858 (54%)
Current vs Prior 7-Day Avg +15.33%
Calls: +61.46%
Puts: +11.33%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/21) $2.81B
Calls: $2.47B (88%)
Puts: $341.62M (12%)
Prior (09/18) $1.73B
Calls: $1.38B (80%)
Puts: $350.14M (20%)
Current vs Prior +62.34%
Calls: +78.76%
Puts: -2.43%
Prior 7-Day Total $11.86B
Calls: $7.44B (63%)
Puts: $4.42B (37%)
Prior 7-Day Average $1.98B
Calls: $1.06B (63%)
Puts: $630.81M (37%)
Current vs Prior 7-Day Avg +42.17%
Calls: +132.13%
Puts: -45.84%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/21) 0.80
Prior (09/18) 1.11
Current vs Prior -27.77%
Prior 7-Day Average 1.17
Current vs Prior 7-Day Avg -31.63%
Sentiment NEUTRAL

Open Interest

Detail
Current (09/21) 7,298,695
Calls: 2,033,489 (28%)
Puts: 5,265,206 (72%)
Prior (09/18) 11,785,360
Calls: 2,910,748 (25%)
Puts: 8,874,612 (75%)
Current vs Prior -38.07%
Prior 7-Day Total 67,385,260
Calls: 17,081,155 (25%)
Puts: 50,304,105 (75%)
Prior 7-Day Average 11,230,876
Calls: 2,846,859 (25%)
Puts: 8,384,017 (75%)
Current vs Prior 7-Day Avg -35.01%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/21) | Next (09/22)Expiry (09/21) | Next (09/23)Expiry (09/25) | Next (10/02)Expiry (09/21) | Next (10/16)
Current 0.19% | 0.52%0.19% | 0.68%0.98% | 1.60%0.19% | 2.57%
Prior 0.59% | 0.79%0.25% | 0.59%0.25% | 1.22%0.25% | 2.79%
Current vs Prior -67.79% | -33.60%-22.97% | +14.48%+296.65% | +30.73%-22.97% | -7.88%
Prior 7-Day Avg 0.69% | 0.95%0.38% | 0.93%0.84% | 1.64%0.35% | 3.14%
Current vs 7-Day Avg -72.23% | -45.07%-49.07% | -26.94%+17.42% | -2.55%-45.43% | -18.14%
Prior 7-Day Eod 0.59% | 0.79%0.25% | 0.59%0.25% | 1.22%0.25% | 2.79%
Current vs 7-Day Eod -67.79% | -33.60%-22.97% | +14.48%+296.65% | +30.73%-22.97% | -7.88%
Sentiment BULLISHBULLISHBEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.40% | 0.49%
Calls: 1.64% | 0.51%
Puts: 1.15% | 0.48%
Prior 0.67% | 0.72%
Calls: 0.66% | 0.52%
Puts: 0.68% | 0.92%
Current vs Prior +108.96% | -31.94%
Prior 7-Day Avg 0.78% | 1.07%
Calls: 0.71% | 0.85%
Puts: 0.85% | 1.29%
Current vs 7-Day Avg +79.03% | -54.21%
Liquidity Excellent
+
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🤖 AI Insights

Strong bullish conviction with 88% of dollar volume in calls ($2.47B) vs puts ($341.62M). Elevated premium activity with dollar volume up 62% vs prior. P/C ratio dropping 28% - sentiment shifting bullish. Put-heavy open interest (5,265,206 puts vs 2,033,489 calls) suggests hedging or bearish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
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 2,399 of results (avg 2.5%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$721.00Sep 2553.7453.78$53.760.1%6960.99--
$727.00Sep 2547.7647.80$47.780.1%8770.993
$729.00Sep 2545.7745.81$45.790.1%5610.991
$722.00Sep 2552.7452.79$52.770.1%8500.99--
$764.00Sep 2110.3110.32$10.320.1%15.1K1.006.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$780.00Sep 215.705.71$5.710.2%3.8K0.99--
$773.00Oct 239.399.41$9.400.2%2170.47103
$770.00Oct 54.274.28$4.280.2%1.1K0.39--
$772.00Oct 14.144.15$4.140.2%4420.43--
$776.00Sep 243.783.79$3.790.3%5030.59--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 856 found (avg $0.34, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$776.00Sep 210.050.06$0.0616.7%255.8K0.09860
$775.00Sep 210.170.18$0.185.6%626.8K0.252.2K
$774.00Sep 210.600.61$0.611.6%612.6K0.593.0K
$783.00Sep 220.070.08$0.0812.5%3.7K0.04425
$782.00Sep 220.100.11$0.119.1%8.3K0.05486
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$773.00Sep 210.100.11$0.119.1%267.9K0.16--
$774.00Sep 210.290.30$0.303.3%182.6K0.4110
$772.00Sep 210.050.06$0.0616.7%357.0K0.08119
$775.00Sep 210.860.87$0.871.1%64.5K0.75--
$768.00Sep 220.310.32$0.323.1%31.6K0.12148

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,277 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$620.00Sep 21153.74154.62$154.180.6%181.00--
$625.00Sep 21148.67149.93$149.300.8%91.00--
$630.00Sep 21143.78144.87$144.320.8%171.00--
$635.00Sep 21138.77139.88$139.320.8%1031.00--
$640.00Sep 21133.77134.65$134.210.7%301.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$796.00Sep 2521.6222.01$21.821.8%1651.004
$797.00Sep 2522.6223.01$22.821.7%1101.00--
$798.00Sep 2523.6424.01$23.831.6%4101.00--
$799.00Sep 2524.6225.00$24.811.5%441.00--
$800.00Sep 2525.6126.01$25.811.5%211.0011

Most actively traded options today. High liquidity = easy entry/exit. 2,870 active (total vol 12.1M, top 692.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$773.00Sep 211.401.41$1.400.7%692.4K0.853.9K
$775.00Sep 210.170.18$0.185.6%626.8K0.252.2K
$774.00Sep 210.600.61$0.611.6%612.6K0.593.0K
$772.00Sep 212.352.36$2.360.4%587.7K0.933.6K
$770.00Sep 214.324.34$4.330.5%555.5K0.9629.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$770.00Sep 210.030.04$0.0425.0%432.3K0.04828
$768.00Sep 210.020.03$0.0333.3%412.3K0.02334
$769.00Sep 210.020.03$0.0333.3%376.1K0.03318
$772.00Sep 210.050.06$0.0616.7%357.0K0.08119
$767.00Sep 210.020.03$0.0333.3%355.5K0.02636

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 45.9%, max 58.2%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$773.00Sep 21Oct 3018.3%11.6%58.2%692.7K4.3K
$775.00Sep 21Oct 3016.2%11.4%42.9%627.7K7.6K
$774.00Sep 21Oct 3015.7%11.5%36.6%613.1K3.6K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$773.00Sep 21Oct 3018.3%11.6%58.2%268.1K276
$775.00Sep 21Oct 3016.2%11.4%42.9%64.8K608
$774.00Sep 21Oct 3015.7%11.5%36.5%182.8K342

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 657 found (best R:R 3.76, avg 3.61)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$739.00$740.00Oct 30$0.11$0.89$0.1182%8.09$739.11
$761.00$762.00Sep 28$0.16$0.84$0.1686%5.25$761.16
$757.00$758.00Oct 1$0.17$0.83$0.1785%4.88$757.17
$724.00$725.00Sep 25$0.33$0.67$0.3399%2.03$724.33
$743.00$744.00Oct 30$0.17$0.83$0.1780%4.88$743.17
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$790.00$789.00Sep 22$0.21$0.79$0.2199%3.76$789.79
$800.00$799.00Sep 23$0.30$0.70$0.30100%2.33$799.70
$805.00$804.00Oct 30$0.27$0.73$0.2783%2.70$804.73
$800.00$799.00Oct 16$0.51$0.49$0.5186%0.96$799.49
$775.00$770.00Oct 5$1.88$3.12$1.8852%1.66$773.12

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 475 found (best R:R 0.95, avg 0.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$775.00$780.00Oct 5$2.43$2.43$2.5752%0.95$777.43
$780.00$785.00Oct 5$1.70$1.70$3.3063%0.52$781.70
$785.00$790.00Oct 5$1.08$1.08$3.9274%0.28$786.08
$775.00$776.00Oct 23$0.60$0.60$0.4050%1.50$775.60
$777.00$778.00Oct 30$0.58$0.58$0.4253%1.38$777.58
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$774.00$773.00Sep 21$0.19$0.19$0.8159%0.23$773.81
$774.00$773.00Sep 22$0.40$0.40$0.6052%0.67$773.60
$772.00$771.00Sep 22$0.23$0.23$0.7769%0.30$771.77
$770.00$769.00Sep 22$0.12$0.12$0.8881%0.14$769.88
$774.00$773.00Sep 23$0.41$0.41$0.5951%0.69$773.59

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $1.33, cheapest $1.31)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$774.00Sep 21Sep 22$1.3515.7%10.5%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$774.00Sep 21Sep 22$1.3115.7%10.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,126 found (cheapest 0.12% of stock, avg 3.84%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$774.00Sep 21$0.61$0.30$0.91$773.09$774.910.12%
$775.00Sep 21$0.18$0.87$1.05$773.95$776.050.14%
$773.00Sep 21$1.40$0.11$1.51$771.49$774.510.20%
$776.00Sep 21$0.06$1.75$1.81$774.19$777.810.23%
$772.00Sep 21$2.36$0.06$2.42$769.58$774.420.31%
$777.00Sep 21$0.03$2.72$2.75$774.25$779.750.36%
$771.00Sep 21$3.34$0.04$3.38$767.62$774.380.44%
$774.00Sep 22$1.96$1.61$3.57$770.43$777.570.46%
$775.00Sep 22$1.44$2.09$3.53$771.47$778.530.46%
$778.00Sep 21$0.02$3.71$3.73$774.27$781.730.48%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 356 found (cheapest 0.02% of stock, avg 1.20%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$776.00$772.00Sep 21$0.06$0.06$0.12$771.88$776.12
$776.00$773.00Sep 21$0.06$0.11$0.17$772.83$776.17
$775.00$772.00Sep 21$0.18$0.06$0.24$771.76$775.24
$775.00$773.00Sep 21$0.18$0.11$0.29$772.71$775.29
$775.00$774.00Sep 21$0.18$0.30$0.48$773.52$775.48
$776.00$774.00Sep 21$0.06$0.30$0.36$773.64$776.36
$779.00$770.00Sep 22$0.35$0.53$0.88$769.12$779.88
$778.00$770.00Sep 22$0.51$0.53$1.04$768.96$779.04
$779.00$771.00Sep 22$0.35$0.69$1.04$769.96$780.04
$778.00$771.00Sep 22$0.51$0.69$1.20$769.80$779.20

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 380 found (best R:R 0.89, avg credit $0.46)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
750/751783/784Oct 9$0.47$0.5351%0.89$750.53$783.47
750/751784/785Oct 9$0.44$0.5652%0.79$750.56$784.44
757/758780/781Oct 1$0.46$0.5450%0.85$757.54$780.46
753/754783/784Oct 9$0.48$0.5248%0.92$753.52$783.48
754/755783/784Oct 9$0.49$0.5147%0.96$754.51$783.49
752/753783/784Oct 9$0.47$0.5349%0.89$752.53$783.47
758/759780/781Sep 30$0.44$0.5652%0.79$758.56$780.44
757/758782/783Oct 1$0.40$0.6056%0.67$757.60$782.40
760/761782/783Oct 2$0.47$0.5348%0.89$760.53$782.47
758/759782/783Sep 30$0.38$0.6257%0.61$758.62$782.38

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 280 found (best R:R 8.26, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$765.00$770.00$775.00Oct 5$0.54$4.4623%8.26
$773.00$774.00$775.00Sep 21$0.36$0.6460%1.78
$772.00$773.00$774.00Sep 21$0.17$0.8334%4.88
$773.00$774.00$775.00Sep 22$0.07$0.9318%13.29
$775.00$776.00$777.00Sep 21$0.09$0.9121%10.11
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$750.00$755.00$760.00Oct 5$0.16$4.849%30.25
$765.00$770.00$775.00Oct 5$0.59$4.4123%7.47
$760.00$765.00$770.00Oct 5$0.43$4.5718%10.63
$772.00$773.00$774.00Sep 21$0.14$0.8633%6.14
$740.00$745.00$750.00Oct 5$0.07$4.935%70.43

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,165 found (best net $-15.49, 1,158 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$710.00$734.001:2Sep 29-$17.17$6.83
$780.00$785.001:2Oct 5-$0.74$4.26
$785.00$790.001:2Oct 5-$0.28$4.72
$772.00$773.001:2Sep 21-$0.44$0.56
$790.00$795.001:2Oct 5-$0.14$4.86
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$900.00$845.001:2Sep 21-$15.49$39.51
$865.00$830.001:2Sep 24-$20.84$14.16
$835.00$810.001:2Oct 2-$10.92$14.08
$840.00$817.001:2Oct 30-$19.35$3.65
$790.00$783.001:2Oct 1-$3.97$3.03

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 330 found (best yield 1.87%, avg 0.38%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$775.00Oct 30$14.470.500.1%1.87%1.95%8805.4K
$776.00Oct 30$13.870.490.2%1.79%2.00%7171.3K
$777.00Oct 30$13.290.470.3%1.72%2.06%1.3K789
$778.00Oct 30$12.710.470.5%1.64%2.11%539883
$779.00Oct 30$12.150.460.6%1.57%2.17%364417
$780.00Oct 30$11.610.450.7%1.50%2.23%9867.4K
$781.00Oct 30$11.080.430.9%1.43%2.29%219759
$782.00Oct 30$10.560.421.0%1.36%2.35%709766
$783.00Oct 30$10.060.411.1%1.30%2.42%29721.3K
$784.00Oct 30$9.580.401.2%1.24%2.48%209292

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 6,794,519
Total Puts 5,429,420
Put/Call Ratio 0.80
Net Difference 1,365,099

Prior's Put/Call Breakdown

Total Calls 4,752,623
Total Puts 5,258,095
Put/Call Ratio 1.11
Net Difference -505,472

Prior 7-Day Put/Call Summary

Total Calls 29,456,479
Total Puts 34,138,008
Average Put/Call Ratio 1.17
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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