Tour v411
SPY
State Street SPDR S&P 500 ETF Trust
$743.64 +0.64%
7/27 09:45

Option Volume

Detail
Current (07/27 9:45am) 986,102
Calls: 462,228 (47%)
Puts: 523,874 (53%)
Prior (07/24) 594,300
Calls: 291,585 (49%)
Puts: 302,715 (51%)
Current vs Prior +65.93%
Calls: +58.52% (Calls)
Puts: +73.06% (Puts)
Prior 7-Day Total 14,127,301
Calls: 6,310,017 (45%)
Puts: 7,817,284 (55%)
Prior 7-Day Average 4,709,100
Calls: 901,431 (45%)
Puts: 1,116,754 (55%)
Current vs Prior 7-Day Avg -79.06%
Calls: -48.72%
Puts: -53.09%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/27 9:45am) $160.89M
Calls: $66.22M (41%)
Puts: $94.68M (59%)
Prior (07/24) $84.81M
Calls: $38.26M (45%)
Puts: $46.55M (55%)
Current vs Prior +89.71%
Calls: +73.06%
Puts: +103.39%
Prior 7-Day Total $1.84B
Calls: $552.57M (30%)
Puts: $1.28B (70%)
Prior 7-Day Average $612.08M
Calls: $78.94M (30%)
Puts: $183.38M (70%)
Current vs Prior 7-Day Avg -73.71%
Calls: -16.12%
Puts: -48.37%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/27 9:45am) 1.13
Prior (07/24) 1.04
Current vs Prior +9.17%
Prior 7-Day Average 1.14
Current vs Prior 7-Day Avg -0.76%
Sentiment BEARISH

Open Interest

Detail
Current (07/27 9:45am) 7,554,153
Calls: 2,204,257 (29%)
Puts: 5,349,896 (71%)
Prior (07/24) 7,935,049
Calls: 2,382,267 (30%)
Puts: 5,552,782 (70%)
Current vs Prior -4.80%
Prior 7-Day Total 23,043,355
Calls: 6,790,781 (29%)
Puts: 16,252,574 (71%)
Prior 7-Day Average 7,681,118
Calls: 2,263,593 (29%)
Puts: 5,417,524 (71%)
Current vs Prior 7-Day Avg -1.65%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/27) | Next (07/28)Expiry (07/27) | Next (07/29)Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 0.45% | 0.71%0.45% | 1.08%1.59% | 2.21%3.19% | 4.74%
Prior 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs Prior -42.39% | -31.33%+189.49% | +36.35%+914.14% | +18.97%-8.33% | -5.41%
Prior 7-Day Avg 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs 7-Day Avg -42.39% | -31.33%+189.49% | +36.35%+914.14% | +18.97%-8.33% | -5.41%
Prior 7-Day Eod 0.79% | 1.03%0.79% | 1.36%1.86% | 2.49%3.48% | 5.01%
Current vs 7-Day Eod -42.39% | -31.33%-42.40% | -20.75%-14.37% | -11.11%-8.33% | -5.41%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 0.59% | 0.56%
Calls: 0.56% | 0.72%
Puts: 0.63% | 0.40%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior -42.16% | -15.15%
Prior 7-Day Avg 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs 7-Day Avg -42.16% | -15.15%
Liquidity Excellent
+
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🤖 AI Insights

Elevated premium activity with dollar volume up 90% vs prior. Above-average activity with volume up 66% vs prior. Slightly bearish P/C ratio of 1.13. Put-heavy open interest (5,349,896 puts vs 2,204,257 calls) suggests hedging or bearish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
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 NEUTRAL
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
09:45BEARISHBEARISHBEARISH
09:40BULLISHNEUTRALMIXED
09:35BULLISHNEUTRALMIXED

📈 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 2,358 of results (avg 2.2%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31144.02144.09$144.060.0%--1.006.3K
$700.00Jul 3144.3144.38$44.350.2%--0.976.6K
$690.00Aug 2157.7357.85$57.790.2%260.915.6K
$750.00Sep 412.5012.53$12.520.2%310.4573
$745.00Sep 415.5615.60$15.580.3%200.4965
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$730.00Aug 73.733.74$3.740.3%8560.2718.0K
$731.00Aug 63.553.56$3.560.3%--0.27114
$744.00Aug 2110.6310.66$10.650.3%1.8K0.503.0K
$747.00Aug 1410.4710.50$10.490.3%--0.551.7K
$748.00Aug 3113.9213.96$13.940.3%--0.54827

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 581 found (avg $0.39, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$753.00Jul 280.050.06$0.0616.7%7620.031.2K
$759.00Jul 290.050.06$0.0616.7%730.022.0K
$764.00Jul 300.050.06$0.0616.7%40.02897
$767.00Jul 310.050.06$0.0616.7%710.011.8K
$769.00Aug 30.050.06$0.0616.7%--0.01164
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$732.00Jul 270.050.06$0.0616.7%1.9K0.033.0K
$719.00Jul 280.050.06$0.0616.7%520.011.8K
$720.00Jul 280.050.06$0.0616.7%5030.0145.0K
$700.00Jul 290.050.06$0.0616.7%1520.011.0K
$701.00Jul 290.050.06$0.0616.7%--0.01135

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,022 found (avg delta 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$595.00Jul 27148.48150.03$149.261.0%21.00--
$600.00Jul 27143.24145.06$144.151.3%21.00--
$605.00Jul 27138.24140.03$139.141.3%21.00--
$610.00Jul 27133.24135.04$134.141.3%21.00--
$615.00Jul 27128.24130.03$129.141.4%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$764.00Jul 3119.1120.73$19.928.1%--1.0010
$765.00Jul 3120.1221.83$20.988.2%--1.0010
$766.00Jul 3121.1722.83$22.007.5%41.00--
$770.00Jul 3124.6426.74$25.698.2%61.0028
$771.00Jul 3126.0827.62$26.855.7%--1.00104

Most actively traded options today. High liquidity = easy entry/exit. 1,953 active (total vol 983.1K, top 55.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$747.00Jul 270.230.24$0.244.2%54.0K0.148.1K
$745.00Jul 270.760.77$0.771.3%52.8K0.3311.6K
$746.00Jul 270.440.45$0.452.2%45.0K0.236.2K
$748.00Jul 270.110.12$0.128.3%34.8K0.0810.9K
$744.00Jul 271.211.22$1.210.8%27.2K0.456.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$744.00Jul 271.571.58$1.580.6%55.0K0.551.7K
$745.00Jul 272.112.13$2.120.9%36.6K0.672.7K
$743.00Jul 271.151.16$1.150.9%35.8K0.443.6K
$740.00Jul 270.420.43$0.432.3%32.2K0.2010.2K
$742.00Jul 270.830.84$0.841.2%29.5K0.347.8K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 347 strikes (avg 188.7%, max 982.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4181.3%16.8%982.2%--58
$870.00Jul 27Sep 4175.4%16.5%960.5%--529
$860.00Jul 27Aug 31163.5%15.6%949.6%--2.7K
$850.00Jul 27Aug 31151.4%15.2%898.6%--2.8K
$840.00Jul 27Aug 31139.0%14.4%864.5%--8.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$595.00Jul 27Sep 4246.0%35.0%601.9%--261
$605.00Jul 27Aug 31228.7%34.0%572.2%50120.8K
$615.00Jul 27Aug 31211.7%32.4%552.6%--2.1K
$620.00Jul 27Aug 31203.2%31.7%541.8%121.4K
$625.00Jul 27Aug 31194.9%30.9%531.4%501.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 931 found (best R:R 544.45, avg 5.00)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$790.00$795.00Aug 28$0.15$4.85$0.1532.33$790.15
$770.00$775.00Aug 10$0.18$4.82$0.1826.78$770.18
$785.00$790.00Aug 28$0.25$4.75$0.2519.00$785.25
$791.00$793.00Sep 4$0.11$1.89$0.1117.18$791.11
$788.00$790.00Sep 4$0.15$1.85$0.1512.33$788.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$660.00$600.00Aug 5$0.11$59.89$0.11544.45$659.89
$610.00$600.00Sep 4$0.11$9.89$0.1189.91$609.89
$630.00$610.00Sep 4$0.29$19.71$0.2967.97$629.71
$690.00$680.00Aug 10$0.20$9.80$0.2049.00$689.80
$650.00$645.00Aug 28$0.10$4.90$0.1049.00$649.90

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,323 found (best R:R 207.33, avg 2.51)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$625.00$650.00Aug 7$24.88$24.88$0.12207.33$649.88
$650.00$670.00Aug 7$19.86$19.86$0.14141.86$669.86
$700.00$710.00Jul 29$9.84$9.84$0.1661.50$709.84
$615.00$625.00Aug 31$9.82$9.82$0.1854.56$624.82
$595.00$600.00Aug 31$4.90$4.90$0.1049.00$599.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$800.00$780.00Aug 7$19.80$19.80$0.2099.00$780.20
$780.00$775.00Aug 31$4.88$4.88$0.1240.67$775.12
$774.00$771.00Jul 31$2.87$2.87$0.1322.08$771.13
$762.00$760.00Aug 3$1.89$1.89$0.1117.18$760.11
$770.00$760.00Jul 30$9.36$9.36$0.6414.62$760.64

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 226 found (avg debit $1.32, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$752.00Jul 27Jul 28$0.0619.7%11.4%
$799.00Jul 31Aug 21$0.0723.7%11.8%
$798.00Jul 31Aug 21$0.0823.3%11.8%
$796.00Jul 31Aug 21$0.0922.6%11.6%
$797.00Jul 31Aug 21$0.0923.0%11.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$721.00Jul 27Jul 28$0.0544.4%24.6%
$722.00Jul 27Jul 28$0.0542.6%23.6%
$759.00Jul 28Jul 29$0.0514.3%12.7%
$723.00Jul 27Jul 28$0.0640.8%23.2%
$724.00Jul 27Jul 28$0.0739.0%22.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,010 found (cheapest 0.38% of stock, avg 5.22%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$744.00Jul 27$1.21$1.58$2.79$741.21$746.790.38%
$745.00Jul 27$0.77$2.12$2.89$742.11$747.890.39%
$743.00Jul 27$1.80$1.15$2.95$740.05$745.950.40%
$746.00Jul 27$0.45$2.79$3.24$742.76$749.240.44%
$742.00Jul 27$2.47$0.84$3.31$738.69$745.310.45%
$741.00Jul 27$3.24$0.60$3.84$737.16$744.840.52%
$747.00Jul 27$0.24$3.59$3.83$743.17$750.830.52%
$740.00Jul 27$4.06$0.43$4.49$735.51$744.490.60%
$744.00Jul 28$2.19$2.50$4.69$739.31$748.690.63%
$745.00Jul 28$1.67$2.98$4.65$740.35$749.650.63%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 400 found (cheapest 0.06% of stock, avg 1.73%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$748.00$739.00Jul 27$0.12$0.31$0.43$738.57$748.43
$747.00$739.00Jul 27$0.24$0.31$0.55$738.45$747.55
$748.00$740.00Jul 27$0.12$0.43$0.55$739.45$748.55
$747.00$740.00Jul 27$0.24$0.43$0.67$739.33$747.67
$746.00$739.00Jul 27$0.45$0.31$0.76$738.24$746.76
$748.00$741.00Jul 27$0.12$0.60$0.72$740.28$748.72
$747.00$741.00Jul 27$0.24$0.60$0.84$740.16$747.84
$746.00$740.00Jul 27$0.45$0.43$0.88$739.12$746.88
$748.00$742.00Jul 27$0.12$0.84$0.96$741.04$748.96
$746.00$741.00Jul 27$0.45$0.60$1.05$739.95$747.05

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 443 found (best R:R 82.33, avg credit $2.10)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
670/675700/710Aug 28$9.88$0.1282.33$665.12$709.88
665/670700/710Aug 28$9.86$0.1470.43$660.14$709.86
660/665700/710Aug 28$9.83$0.1757.82$655.17$709.83
655/660700/710Aug 28$9.81$0.1951.63$650.19$709.81
650/655700/710Aug 28$9.80$0.2049.00$645.20$709.80
645/650700/710Aug 28$9.78$0.2244.45$640.22$709.78
680/685690/697Aug 14$6.67$0.3320.21$678.33$696.67
675/680690/697Aug 14$6.63$0.3717.92$673.37$696.63
675/680685/698Aug 28$12.26$0.7416.57$667.74$697.26
670/675685/698Aug 28$12.23$0.7715.88$662.77$697.23

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 218 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$650.00$655.00$660.00Jul 27$0.06$4.9482.33
$675.00$680.00$685.00Jul 27$0.06$4.9482.33
$790.00$795.00$800.00Aug 28$0.06$4.9482.33
$595.00$600.00$605.00Aug 21$0.08$4.9261.50
$595.00$600.00$605.00Jul 27$0.10$4.9049.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$680.00$685.00$690.00Aug 28$0.05$4.9599.00
$695.00$700.00$705.00Aug 10$0.06$4.9482.33
$700.00$705.00$710.00Aug 10$0.06$4.9482.33
$800.00$805.00$810.00Jul 28$0.08$4.9261.50
$815.00$820.00$825.00Jul 28$0.08$4.9261.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 943 found (best net $-0.02, 938 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$790.00$820.001:2Aug 6$0.00$30.00
$830.00$851.001:2Sep 4$0.00$21.00
$825.00$845.001:2Aug 3-$0.01$19.99
$783.00$800.001:2Aug 4-$0.02$16.98
$820.00$835.001:2Jul 27-$0.01$14.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$640.00$605.001:2Aug 3-$0.02$34.98
$630.00$605.001:2Aug 4-$0.03$24.97
$660.00$635.001:2Aug 6-$0.05$24.95
$630.00$610.001:2Sep 4-$0.63$19.37
$655.00$640.001:2Jul 28-$0.01$14.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 371 found (best yield 2.18%, avg 0.52%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$744.00Sep 4$16.200.510.1%2.18%2.23%2520
$745.00Sep 4$15.560.490.2%2.09%2.28%2065
$746.00Sep 4$14.920.480.3%2.01%2.32%21307
$744.00Aug 31$14.780.500.1%1.99%2.04%13527
$744.00Aug 28$14.390.510.1%1.94%1.98%2316
$747.00Sep 4$14.300.480.5%1.92%2.37%8211
$745.00Aug 31$14.140.490.2%1.90%2.08%111.7K
$745.00Aug 28$13.750.490.2%1.85%2.03%36669
$748.00Sep 4$13.680.470.6%1.84%2.43%--260
$746.00Aug 31$13.520.480.3%1.82%2.14%10195

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 462,228
Total Puts 523,874
Put/Call Ratio 1.13
Net Difference -61,646

Prior's Put/Call Breakdown

Total Calls 291,585
Total Puts 302,715
Put/Call Ratio 1.04
Net Difference -11,130

Prior 7-Day Put/Call Summary

Total Calls 6,310,017
Total Puts 7,817,284
Average Put/Call Ratio 1.14
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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