Tour v528
SPY
State Street SPDR S&P 500 ETF Trust
$774.52 +1.68%
9/21 15:36

Option Volume

Detail
Current (09/21) 12,340,280
Calls: 6,859,066 (56%)
Puts: 5,481,214 (44%)
Prior (09/18) 10,010,718
Calls: 4,752,623 (47%)
Puts: 5,258,095 (53%)
Current vs Prior +23.27%
Calls: +44.32% (Calls)
Puts: +4.24% (Puts)
Prior 7-Day Total 75,818,426
Calls: 36,250,998 (48%)
Puts: 39,567,428 (52%)
Prior 7-Day Average 10,831,203
Calls: 5,178,714 (48%)
Puts: 5,652,489 (52%)
Current vs Prior 7-Day Avg +13.93%
Calls: +32.45%
Puts: -3.03%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/21) $2.91B
Calls: $2.57B (88%)
Puts: $337.74M (12%)
Prior (09/18) $1.73B
Calls: $1.38B (80%)
Puts: $350.14M (20%)
Current vs Prior +67.82%
Calls: +85.91%
Puts: -3.54%
Prior 7-Day Total $14.67B
Calls: $9.91B (68%)
Puts: $4.76B (32%)
Prior 7-Day Average $2.10B
Calls: $1.42B (68%)
Puts: $679.61M (32%)
Current vs Prior 7-Day Avg +38.62%
Calls: +81.30%
Puts: -50.30%
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 1.12
Current vs Prior 7-Day Avg -28.40%
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 74,683,955
Calls: 19,114,644 (26%)
Puts: 55,569,311 (74%)
Prior 7-Day Average 10,669,136
Calls: 2,730,663 (26%)
Puts: 7,938,473 (74%)
Current vs Prior 7-Day Avg -31.59%
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% | 0.53%0.19% | 0.69%0.99% | 1.61%0.19% | 2.58%
Prior 0.59% | 0.79%0.25% | 0.59%0.25% | 1.22%0.25% | 2.79%
Current vs Prior -68.23% | -32.96%-24.02% | +15.54%+300.20% | +31.33%-24.02% | -7.67%
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 -72.61% | -44.54%-49.76% | -26.26%+18.47% | -2.10%-46.17% | -17.95%
Prior 7-Day Eod 0.19% | 0.52%0.25% | 0.59%0.25% | 1.22%0.25% | 2.79%
Current vs 7-Day Eod -1.37% | +0.97%-24.02% | +15.54%+300.20% | +31.33%-24.02% | -7.67%
Sentiment BULLISHBULLISHBEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.37% | 0.49%
Calls: 1.37% | 0.48%
Puts: 1.37% | 0.50%
Prior 0.67% | 0.72%
Calls: 0.66% | 0.52%
Puts: 0.68% | 0.92%
Current vs Prior +104.48% | -31.94%
Prior 7-Day Avg 0.88% | 0.99%
Calls: 0.71% | 0.85%
Puts: 0.85% | 1.29%
Current vs 7-Day Avg +54.80% | -50.36%
Liquidity Excellent
+
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🤖 AI Insights

Strong bullish conviction with 88% of dollar volume in calls ($2.57B) vs puts ($337.74M). Elevated premium activity with dollar volume up 68% 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 2,411 of results (avg 2.5%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$721.00Sep 2553.9253.97$53.950.1%6990.99--
$764.00Sep 2110.5010.51$10.510.1%15.1K1.006.0K
$727.00Sep 2547.9447.99$47.970.1%8770.993
$729.00Sep 2545.9546.00$45.980.1%5610.991
$732.00Sep 2542.9643.01$42.990.1%6460.987
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$773.00Oct 239.339.35$9.340.2%2180.47103
$764.00Oct 308.068.08$8.070.2%1370.36445
$773.00Oct 168.028.04$8.030.2%1.2K0.461.2K
$740.00Oct 303.923.93$3.930.3%2.0K0.182.7K
$790.00Sep 2415.5115.55$15.530.3%2560.96--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 849 found (avg $0.34, cheapest $0.07)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$776.00Sep 210.060.07$0.0714.3%261.2K0.11860
$775.00Sep 210.220.23$0.234.3%646.5K0.332.2K
$774.00Sep 210.720.73$0.731.4%624.8K0.693.0K
$784.00Sep 220.050.06$0.0616.7%3.8K0.03880
$783.00Sep 220.080.09$0.0911.1%3.8K0.04425
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$773.00Sep 210.070.08$0.0812.5%272.6K0.12--
$774.00Sep 210.230.24$0.244.2%189.8K0.3110
$775.00Sep 210.720.73$0.731.4%67.5K0.67--
$768.00Sep 220.300.31$0.313.2%31.8K0.12148
$769.00Sep 220.380.39$0.392.6%39.9K0.1499

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 21153.99155.04$154.510.7%181.00--
$625.00Sep 21148.93149.93$149.430.7%91.00--
$630.00Sep 21143.95145.04$144.500.8%171.00--
$635.00Sep 21139.00140.04$139.520.7%1031.00--
$640.00Sep 21133.97135.04$134.510.8%301.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$796.00Sep 2521.4222.01$21.722.7%1651.004
$797.00Sep 2522.4223.01$22.722.6%1101.00--
$798.00Sep 2523.4224.01$23.722.5%4131.00--
$799.00Sep 2524.4124.70$24.561.2%521.00--
$800.00Sep 2525.4026.01$25.712.4%211.0011

Most actively traded options today. High liquidity = easy entry/exit. 2,877 active (total vol 12.3M, top 694.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$773.00Sep 211.571.58$1.580.6%694.6K0.893.9K
$775.00Sep 210.220.23$0.234.3%646.5K0.332.2K
$774.00Sep 210.720.73$0.731.4%624.8K0.693.0K
$772.00Sep 212.532.54$2.540.4%588.0K0.943.6K
$770.00Sep 214.514.53$4.520.4%556.0K0.9629.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$770.00Sep 210.020.03$0.0333.3%434.8K0.03828
$768.00Sep 210.020.03$0.0333.3%414.1K0.02334
$769.00Sep 210.020.03$0.0333.3%380.2K0.02318
$772.00Sep 210.040.05$0.0520.0%360.9K0.06119
$767.00Sep 210.020.03$0.0333.3%356.2K0.02636

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 44.5%, max 46.6%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$774.00Sep 21Oct 3016.9%11.5%46.6%625.3K3.6K
$775.00Sep 21Oct 3016.2%11.4%42.5%647.3K7.6K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$774.00Sep 21Oct 3016.9%11.5%46.6%190.1K342
$775.00Sep 21Oct 3016.2%11.4%42.5%67.8K608

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 650 found (best R:R 9.00, avg 3.62)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$757.00$758.00Oct 1$0.10$0.90$0.1086%9.00$757.10
$724.00$725.00Sep 25$0.26$0.74$0.2699%2.85$724.26
$744.00$745.00Sep 30$0.27$0.73$0.2794%2.70$744.27
$739.00$740.00Oct 30$0.16$0.84$0.1683%5.25$739.16
$754.00$755.00Sep 28$0.26$0.74$0.2692%2.85$754.26
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$800.00$799.00Sep 23$0.39$0.61$0.39100%1.56$799.61
$800.00$799.00Oct 16$0.51$0.49$0.5186%0.96$799.49
$775.00$770.00Oct 5$1.87$3.13$1.8751%1.67$773.13
$770.00$765.00Oct 5$1.27$3.73$1.2738%2.94$768.73
$765.00$760.00Oct 5$0.84$4.16$0.8428%4.95$764.16

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 475 found (best R:R 0.97, avg 0.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$775.00$780.00Oct 5$2.46$2.46$2.5451%0.97$777.46
$780.00$785.00Oct 5$1.73$1.73$3.2762%0.53$781.73
$785.00$790.00Oct 5$1.10$1.10$3.9074%0.28$786.10
$776.00$777.00Oct 23$0.59$0.59$0.4152%1.44$776.59
$775.00$776.00Oct 30$0.61$0.61$0.3950%1.56$775.61
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$774.00$773.00Sep 21$0.16$0.16$0.8469%0.19$773.84
$773.00$772.00Sep 22$0.29$0.29$0.7163%0.41$772.71
$770.00$769.00Sep 22$0.12$0.12$0.8882%0.14$769.88
$774.00$773.00Sep 22$0.37$0.37$0.6355%0.59$773.63
$771.00$770.00Sep 22$0.16$0.16$0.8477%0.19$770.84

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.31, cheapest $1.30)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$774.00Sep 21Sep 22$1.3516.9%10.7%
$775.00Sep 21Sep 22$1.3216.2%11.0%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$774.00Sep 21Sep 22$1.3016.9%10.7%
$775.00Sep 21Sep 22$1.2816.2%11.0%

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 3.85%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$775.00Sep 21$0.23$0.73$0.96$774.04$775.960.12%
$774.00Sep 21$0.73$0.24$0.97$773.03$774.970.13%
$773.00Sep 21$1.58$0.08$1.66$771.34$774.660.21%
$776.00Sep 21$0.07$1.58$1.65$774.35$777.650.21%
$772.00Sep 21$2.54$0.05$2.59$769.41$774.590.33%
$777.00Sep 21$0.03$2.53$2.56$774.44$779.560.33%
$771.00Sep 21$3.52$0.04$3.56$767.44$774.560.46%
$778.00Sep 21$0.02$3.52$3.54$774.46$781.540.46%
$775.00Sep 22$1.55$2.01$3.56$771.44$778.560.46%
$774.00Sep 22$2.08$1.54$3.62$770.38$777.620.47%

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$773.00Sep 21$0.07$0.08$0.15$772.85$776.15
$776.00$772.00Sep 21$0.07$0.05$0.12$771.88$776.12
$776.00$774.00Sep 21$0.07$0.24$0.31$773.69$776.31
$775.00$773.00Sep 21$0.23$0.08$0.31$772.69$775.31
$775.00$772.00Sep 21$0.23$0.05$0.28$771.72$775.28
$775.00$774.00Sep 21$0.23$0.24$0.47$773.53$775.47
$779.00$770.00Sep 22$0.39$0.51$0.90$769.10$779.90
$778.00$770.00Sep 22$0.56$0.51$1.07$768.93$779.07
$779.00$771.00Sep 22$0.39$0.67$1.06$769.94$780.06
$778.00$771.00Sep 22$0.56$0.67$1.23$769.77$779.23

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 369 found (best R:R 0.96, avg credit $0.46)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
755/756784/785Oct 9$0.49$0.5148%0.96$755.51$784.49
753/754784/785Oct 9$0.47$0.5350%0.89$753.53$784.47
752/753784/785Oct 9$0.46$0.5451%0.85$752.54$784.46
759/760784/785Oct 9$0.53$0.4744%1.13$759.47$784.53
757/758781/782Oct 1$0.44$0.5652%0.79$757.56$781.44
761/762784/785Oct 9$0.55$0.4541%1.22$761.45$784.55
756/757784/785Oct 9$0.49$0.5147%0.96$756.51$784.49
754/755784/785Oct 9$0.47$0.5349%0.89$754.53$784.47
758/759784/785Oct 9$0.51$0.4945%1.04$758.49$784.51
757/758781/782Oct 2$0.46$0.5449%0.85$757.54$781.46

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 270 found (best R:R 7.93, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$765.00$770.00$775.00Oct 5$0.56$4.4423%7.93
$760.00$765.00$770.00Oct 5$0.43$4.5718%10.63
$774.00$775.00$776.00Sep 21$0.34$0.6658%1.94
$775.00$776.00$777.00Sep 21$0.12$0.8829%7.33
$772.00$773.00$774.00Sep 21$0.11$0.8925%8.09
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$755.00$760.00$765.00Oct 5$0.28$4.7213%16.86
$775.00$776.00$777.00Sep 21$0.10$0.9029%9.00
$750.00$755.00$760.00Oct 5$0.18$4.829%26.78
$760.00$765.00$770.00Oct 5$0.43$4.5718%10.63
$745.00$750.00$755.00Oct 5$0.12$4.886%40.67

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 $-15.66, 1,157 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$710.00$734.001:2Sep 29-$17.29$6.71
$780.00$785.001:2Oct 5-$0.78$4.22
$785.00$790.001:2Oct 5-$0.31$4.69
$790.00$795.001:2Oct 5-$0.15$4.85
$772.00$773.001:2Sep 21-$0.62$0.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$900.00$845.001:2Sep 21-$15.66$39.34
$865.00$830.001:2Sep 24-$20.64$14.36
$835.00$810.001:2Oct 2-$10.81$14.19
$840.00$817.001:2Oct 30-$19.30$3.70
$790.00$783.001:2Oct 1-$3.92$3.08

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 336 found (best yield 1.88%, avg 0.38%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$775.00Oct 30$14.590.500.1%1.88%1.95%8835.4K
$776.00Oct 30$13.980.490.2%1.80%2.00%7181.3K
$777.00Oct 30$13.390.470.3%1.73%2.05%1.3K789
$778.00Oct 30$12.820.470.5%1.66%2.10%640883
$779.00Oct 30$12.250.460.6%1.58%2.16%465417
$780.00Oct 30$11.710.450.7%1.51%2.22%9897.4K
$781.00Oct 30$11.170.440.8%1.44%2.28%219759
$782.00Oct 30$10.660.431.0%1.38%2.34%709766
$783.00Oct 30$10.160.411.1%1.31%2.41%29721.3K
$784.00Oct 30$9.670.401.2%1.25%2.47%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 6,859,066
Total Puts 5,481,214
Put/Call Ratio 0.80
Net Difference 1,377,852

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 36,250,998
Total Puts 39,567,428
Average Put/Call Ratio 1.12
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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