Tour v412
SPY
State Street SPDR S&P 500 ETF Trust
$743.80 +0.66%
7/27 09:50

Option Volume

Detail
Current (07/27 9:50am) 1,264,314
Calls: 585,416 (46%)
Puts: 678,898 (54%)
Prior (07/24) 791,578
Calls: 405,831 (51%)
Puts: 385,747 (49%)
Current vs Prior +59.72%
Calls: +44.25% (Calls)
Puts: +76.00% (Puts)
Prior 7-Day Total 15,113,403
Calls: 6,772,245 (45%)
Puts: 8,341,158 (55%)
Prior 7-Day Average 3,778,350
Calls: 967,463 (45%)
Puts: 1,191,594 (55%)
Current vs Prior 7-Day Avg -66.54%
Calls: -39.49%
Puts: -43.03%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/27 9:50am) $194.85M
Calls: $83.89M (43%)
Puts: $110.96M (57%)
Prior (07/24) $115.14M
Calls: $59.76M (52%)
Puts: $55.38M (48%)
Current vs Prior +69.23%
Calls: +40.37%
Puts: +100.37%
Prior 7-Day Total $2.00B
Calls: $618.79M (31%)
Puts: $1.38B (69%)
Prior 7-Day Average $499.28M
Calls: $88.40M (31%)
Puts: $196.91M (69%)
Current vs Prior 7-Day Avg -60.97%
Calls: -5.10%
Puts: -43.65%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/27 9:50am) 1.16
Prior (07/24) 0.95
Current vs Prior +22.01%
Prior 7-Day Average 1.14
Current vs Prior 7-Day Avg +1.74%
Sentiment BEARISH

Open Interest

Detail
Current (07/27 9:50am) 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 30,597,508
Calls: 8,995,038 (29%)
Puts: 21,602,470 (71%)
Prior 7-Day Average 7,649,377
Calls: 2,248,759 (29%)
Puts: 5,400,617 (71%)
Current vs Prior 7-Day Avg -1.24%
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 0.44% | 0.70%0.44% | 1.07%1.58% | 2.20%3.18% | 4.73%
Prior 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs Prior -43.94% | -32.38%+181.72% | +35.12%+907.07% | +18.37%-8.58% | -5.64%
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 -43.94% | -32.38%+181.72% | +35.12%+907.07% | +18.37%-8.58% | -5.64%
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 -43.94% | -32.38%-43.94% | -21.46%-14.97% | -11.56%-8.58% | -5.64%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 0.96% | 0.77%
Calls: 0.54% | 0.71%
Puts: 1.39% | 0.84%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior -5.88% | +16.67%
Prior 7-Day Avg 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs 7-Day Avg -5.88% | +16.67%
Liquidity Excellent
+
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🤖 AI Insights

Elevated premium activity with dollar volume up 69% vs prior. Above-average activity with volume up 60% vs prior. Slightly bearish P/C ratio of 1.16. 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 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 NEUTRAL
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
09:50BEARISHBEARISHBEARISH
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 2,365 of results (avg 2.1%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31144.17144.24$144.200.0%11.006.3K
$700.00Jul 3144.4544.52$44.490.2%--0.976.6K
$690.00Aug 2157.8457.97$57.910.2%260.915.6K
$700.00Aug 2148.5048.62$48.560.2%200.887.6K
$746.00Sep 414.9615.00$14.980.3%460.49307
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$729.00Aug 73.473.48$3.480.3%550.254.7K
$730.00Aug 63.293.30$3.300.3%110.25512
$720.00Aug 316.316.33$6.320.3%940.2611.5K
$728.00Aug 216.186.20$6.190.3%120.302.3K
$736.00Jul 313.003.01$3.010.3%1640.303.3K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 576 found (avg $0.39, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$753.00Jul 280.050.06$0.0616.7%7850.031.2K
$764.00Jul 300.050.06$0.0616.7%40.02897
$767.00Jul 310.050.06$0.0616.7%740.011.8K
$769.00Aug 30.050.06$0.0616.7%--0.01164
$771.00Aug 40.050.06$0.0616.7%10.0137
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$733.00Jul 270.050.06$0.0616.7%3.5K0.032.8K
$721.00Jul 280.050.06$0.0616.7%850.013.1K
$700.00Jul 290.050.06$0.0616.7%1520.011.0K
$701.00Jul 290.050.06$0.0616.7%--0.01135
$702.00Jul 290.050.06$0.0616.7%50.01405

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,027 found (avg delta 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 27143.24145.20$144.221.4%21.00--
$605.00Jul 27138.24139.76$139.001.1%21.00--
$610.00Jul 27133.24135.00$134.121.3%21.00--
$615.00Jul 27128.24130.03$129.141.4%21.00--
$620.00Jul 27123.24124.75$124.001.2%61.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$765.00Jul 3119.9521.83$20.899.0%--1.0010
$766.00Jul 3120.9622.83$21.908.5%41.00--
$770.00Jul 3124.4426.74$25.599.0%61.0028
$771.00Jul 3126.2327.75$26.995.6%--1.00104
$774.00Jul 3128.4430.78$29.617.9%21.00--

Most actively traded options today. High liquidity = easy entry/exit. 2,044 active (total vol 1.3M, top 70.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$745.00Jul 270.770.78$0.781.3%70.0K0.3611.6K
$747.00Jul 270.220.23$0.234.3%68.3K0.158.1K
$746.00Jul 270.430.44$0.442.3%58.7K0.246.2K
$744.00Jul 271.241.25$1.250.8%45.7K0.486.3K
$748.00Jul 270.110.12$0.128.3%41.4K0.0810.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$744.00Jul 271.431.45$1.441.4%67.5K0.521.7K
$743.00Jul 271.031.05$1.041.9%59.1K0.413.6K
$740.00Jul 270.370.38$0.382.6%48.6K0.1710.2K
$742.00Jul 270.740.75$0.751.3%42.5K0.317.8K
$745.00Jul 271.961.98$1.971.0%40.2K0.642.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 345 strikes (avg 187.9%, max 989.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4182.0%16.7%989.3%--58
$870.00Jul 27Sep 4176.1%16.5%965.4%--529
$860.00Jul 27Aug 31164.1%15.5%956.5%32.7K
$850.00Jul 27Aug 31151.9%15.1%905.0%--2.8K
$840.00Jul 27Aug 31139.5%14.4%870.7%--8.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$605.00Jul 27Aug 31230.6%34.0%578.3%50220.8K
$615.00Jul 27Aug 31213.5%32.4%559.1%--2.1K
$620.00Jul 27Aug 31205.0%31.6%548.8%121.4K
$625.00Jul 27Aug 31196.6%30.8%538.1%501.1K
$630.00Jul 27Sep 4188.2%29.7%533.0%230

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 947 found (best R:R 599.00, avg 4.86)

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$0.26$4.74$0.2618.23$785.26
$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$0.10$59.90$0.10599.00$659.90
$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
$680.00$675.00Aug 14$0.11$4.89$0.1144.45$679.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,350 found (best R:R 180.82, avg 2.37)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$670.00$690.00Jul 28$19.89$19.89$0.11180.82$689.89
$650.00$670.00Aug 7$19.81$19.81$0.19104.26$669.81
$665.00$670.00Jul 27$4.90$4.90$0.1049.00$669.90
$615.00$620.00Aug 21$4.89$4.89$0.1144.45$619.89
$615.00$625.00Aug 31$9.78$9.78$0.2244.45$624.78
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$780.00$775.00Aug 21$4.86$4.86$0.1434.71$775.14
$760.00$757.00Jul 27$2.87$2.87$0.1322.08$757.13
$780.00$775.00Aug 31$4.74$4.74$0.2618.23$775.26
$762.00$760.00Aug 3$1.89$1.89$0.1117.18$760.11
$770.00$760.00Jul 30$9.40$9.40$0.6015.67$760.60

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$0.0619.2%10.9%
$799.00Jul 31Aug 21$0.0723.6%11.7%
$725.00Jul 27Jul 28$0.0840.3%21.5%
$798.00Jul 31Aug 21$0.0823.2%11.7%
$665.00Jul 27Jul 28$0.09130.5%59.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$722.00Jul 27Jul 28$0.0543.4%24.0%
$723.00Jul 27Jul 28$0.0541.6%23.0%
$724.00Jul 27Jul 28$0.0539.8%22.0%
$725.00Jul 27Jul 28$0.0540.3%21.5%
$759.00Jul 28Jul 29$0.0514.1%12.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,016 found (cheapest 0.36% of stock, avg 5.17%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$744.00Jul 27$1.25$1.44$2.69$741.31$746.690.36%
$745.00Jul 27$0.78$1.97$2.75$742.25$747.750.37%
$743.00Jul 27$1.85$1.04$2.89$740.11$745.890.39%
$746.00Jul 27$0.44$2.63$3.07$742.93$749.070.41%
$742.00Jul 27$2.55$0.75$3.30$738.70$745.300.44%
$747.00Jul 27$0.23$3.42$3.65$743.35$750.650.49%
$741.00Jul 27$3.33$0.53$3.86$737.14$744.860.52%
$748.00Jul 27$0.12$4.28$4.40$743.60$752.400.59%
$740.00Jul 27$4.18$0.38$4.56$735.44$744.560.61%
$745.00Jul 28$1.70$2.84$4.54$740.46$749.540.61%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 400 found (cheapest 0.05% of stock, avg 1.71%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$748.00$739.00Jul 27$0.12$0.27$0.39$738.61$748.39
$747.00$739.00Jul 27$0.23$0.27$0.50$738.50$747.50
$748.00$740.00Jul 27$0.12$0.38$0.50$739.50$748.50
$747.00$740.00Jul 27$0.23$0.38$0.61$739.39$747.61
$748.00$741.00Jul 27$0.12$0.53$0.65$740.35$748.65
$746.00$739.00Jul 27$0.44$0.27$0.71$738.29$746.71
$747.00$741.00Jul 27$0.23$0.53$0.76$740.24$747.76
$746.00$740.00Jul 27$0.44$0.38$0.82$739.18$746.82
$748.00$742.00Jul 27$0.12$0.75$0.87$741.13$748.87
$746.00$741.00Jul 27$0.44$0.53$0.97$740.03$746.97

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 424 found (best R:R 82.33, avg credit $2.09)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
670/675700/710Aug 28$9.88$0.1282.33$665.12$709.88
665/670700/710Aug 28$9.85$0.1565.67$660.15$709.85
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
680/685690/697Aug 14$6.65$0.3519.00$678.35$696.65
725/730735/740Aug 10$4.74$0.2618.23$725.26$739.74
675/680690/697Aug 14$6.62$0.3817.42$673.38$696.62
675/680685/698Aug 28$12.28$0.7217.06$667.72$697.28
670/675685/698Aug 28$12.25$0.7516.33$662.75$697.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 217 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$630.00$635.00$640.00Aug 21$0.05$4.9599.00
$635.00$640.00$645.00Aug 21$0.06$4.9482.33
$790.00$795.00$800.00Aug 28$0.06$4.9482.33
$695.00$700.00$705.00Aug 7$0.09$4.9154.56
$660.00$665.00$670.00Jul 27$0.10$4.9049.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$690.00$695.00$700.00Aug 10$0.05$4.9599.00
$680.00$685.00$690.00Aug 28$0.06$4.9482.33
$815.00$820.00$825.00Jul 28$0.08$4.9261.50
$700.00$705.00$710.00Aug 10$0.08$4.9261.50
$705.00$710.00$715.00Aug 10$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. 941 found (best net $-0.02, 935 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
$615.00$665.001:2Jul 28-$29.05$20.95
$825.00$845.001:2Aug 3-$0.01$19.99
$783.00$800.001:2Aug 4-$0.02$16.98
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$640.00$605.001:2Aug 3-$0.02$34.98
$660.00$635.001:2Aug 6-$0.05$24.95
$630.00$610.001:2Sep 4-$0.62$19.38
$655.00$640.001:2Jul 28-$0.01$14.99
$630.00$615.001:2Aug 4-$0.05$14.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 375 found (best yield 2.18%, avg 0.52%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$744.00Sep 4$16.240.510.0%2.18%2.21%2520
$745.00Sep 4$15.590.500.2%2.10%2.26%2065
$746.00Sep 4$14.960.490.3%2.01%2.31%46307
$744.00Aug 31$14.820.510.0%1.99%2.02%18527
$744.00Aug 28$14.430.510.0%1.94%1.97%3316
$747.00Sep 4$14.330.470.4%1.93%2.36%15211
$745.00Aug 31$14.180.490.2%1.91%2.07%111.7K
$745.00Aug 28$13.780.490.2%1.85%2.01%36669
$748.00Sep 4$13.720.470.6%1.84%2.41%9260
$746.00Aug 31$13.550.480.3%1.82%2.12%11195

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 585,416
Total Puts 678,898
Put/Call Ratio 1.16
Net Difference -93,482

Prior's Put/Call Breakdown

Total Calls 405,831
Total Puts 385,747
Put/Call Ratio 0.95
Net Difference 20,084

Prior 7-Day Put/Call Summary

Total Calls 6,772,245
Total Puts 8,341,158
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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