Tour v414
SPY
State Street SPDR S&P 500 ETF Trust
$739.70 +0.10%
(7/27 10:20) ◀
|
Monday, July 27, 2026 (10:25am)
January 2026
|
▶ (7/27 10:30)
◀ 7/27 10:25 ▶

Option Volume

Detail
ℹ
Current (07/27 10:25am) 2,963,661
Calls: 1,338,470 (45%)
Puts: 1,625,191 (55%)
Prior (07/24) 2,637,981
Calls: 1,183,022 (45%)
Puts: 1,454,959 (55%)
Current vs Prior +12.35%
Calls: +13.14% (Calls)
Puts: +11.70% (Puts)
Prior 7-Day Total 26,156,719
Calls: 11,639,758 (45%)
Puts: 14,516,961 (55%)
Prior 7-Day Average 3,736,674
Calls: 1,662,822 (45%)
Puts: 2,073,851 (55%)
Current vs Prior 7-Day Avg -20.69%
Calls: -19.51%
Puts: -21.63%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27 10:25am) $573.49M
Calls: $112.22M (20%)
Puts: $461.27M (80%)
Prior (07/24) $383.72M
Calls: $180.89M (47%)
Puts: $202.83M (53%)
Current vs Prior +49.45%
Calls: -37.96%
Puts: +127.42%
Prior 7-Day Total $3.90B
Calls: $1.08B (28%)
Puts: $2.81B (72%)
Prior 7-Day Average $556.76M
Calls: $154.91M (28%)
Puts: $401.85M (72%)
Current vs Prior 7-Day Avg +3.00%
Calls: -27.56%
Puts: +14.79%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27 10:25am) 1.21
Prior (07/24) 1.23
Current vs Prior -1.27%
Prior 7-Day Average 1.24
Current vs Prior 7-Day Avg -2.30%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27 10:25am) 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 53,259,967
Calls: 15,607,809 (29%)
Puts: 37,652,158 (71%)
Prior 7-Day Average 7,608,566
Calls: 2,229,687 (29%)
Puts: 5,378,879 (71%)
Current vs Prior 7-Day Avg -0.72%
Sentiment BULLISH

Expected Move

Detail
ℹ
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 0.52% | 0.83%0.52% | 1.20%1.71% | 2.36%3.34% | 4.88%
Prior 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs Prior -33.86% | -20.11%+232.36% | +51.98%+991.85% | +26.87%-3.95% | -2.58%
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 -33.86% | -20.11%+232.36% | +51.98%+991.85% | +26.87%-3.95% | -2.58%
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 -33.86% | -20.11%-33.87% | -11.66%-7.81% | -5.21%-3.95% | -2.58%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 0.80% | 0.66%
Calls: 0.48% | 0.61%
Puts: 1.13% | 0.70%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior -21.57% | +0.00%
Prior 7-Day Avg 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs 7-Day Avg -21.57% | +0.00%
Liquidity Excellent
+
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🤖 AI Insights

Strong bearish conviction with 80% of dollar volume in puts ($461.27M) vs calls ($112.22M). Bearish P/C ratio of 1.21 indicates protective positioning. 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 BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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
10:25BEARISHBEARISHBEARISH
10:20BEARISHBEARISHBEARISH
10:15BEARISHBEARISHBEARISH
10:10BEARISHBEARISHBEARISH
10:05BEARISHBEARISHBEARISH
10:00BEARISHBEARISHBEARISH
09:55BEARISHBEARISHBEARISH
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 2,414 of results (avg 2.2%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31140.17140.24$140.200.0%11.006.3K
$740.00Aug 2112.9612.98$12.970.2%1.4K0.516.4K
$742.00Aug 2111.7011.72$11.710.2%590.481.6K
$700.00Jul 3140.5440.61$40.580.2%80.976.6K
$743.00Aug 2111.0911.11$11.100.2%1.1K0.472.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$735.00Aug 55.495.50$5.500.2%770.391.4K
$731.00Aug 54.404.41$4.410.2%510.32133
$729.00Aug 64.304.31$4.310.2%50.3068
$728.00Aug 64.084.09$4.090.2%560.29121
$730.00Aug 43.793.80$3.800.3%320.30583

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 540 found (avg $0.38, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$751.00Jul 280.050.06$0.0616.7%3.4K0.032.6K
$756.00Jul 290.050.06$0.0616.7%1750.02955
$761.00Jul 300.050.06$0.0616.7%4860.021.9K
$764.00Jul 310.050.06$0.0616.7%2910.013.7K
$765.00Jul 310.050.06$0.0616.7%3810.0114.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$728.00Jul 270.050.06$0.0616.7%4.5K0.024.4K
$714.00Jul 280.050.06$0.0616.7%190.01884
$715.00Jul 280.050.06$0.0616.7%7050.013.8K
$695.00Jul 290.050.06$0.0616.7%270.011.1K
$675.00Jul 300.050.06$0.0616.7%20.012.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,098 found (avg delta 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$595.00Jul 27143.34146.14$144.741.9%21.00--
$600.00Jul 27138.34141.16$139.752.0%21.00--
$605.00Jul 27133.34136.14$134.742.1%21.00--
$610.00Jul 27128.34131.14$129.742.2%21.00--
$615.00Jul 27123.34126.13$124.742.2%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$749.00Jul 278.869.40$9.135.9%6591.00116
$750.00Jul 279.3610.39$9.8810.4%5781.00110
$751.00Jul 2710.3311.37$10.859.6%1821.004
$752.00Jul 2712.1212.38$12.252.1%1581.00--
$753.00Jul 2713.1213.37$13.251.9%841.00--

Most actively traded options today. High liquidity = easy entry/exit. 2,325 active (total vol 3.0M, top 179.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$745.00Jul 270.150.16$0.166.3%166.8K0.0911.6K
$744.00Jul 270.260.27$0.273.7%145.6K0.146.3K
$746.00Jul 270.090.10$0.1010.0%113.4K0.066.2K
$747.00Jul 270.060.07$0.0714.3%103.5K0.048.1K
$743.00Jul 270.430.44$0.442.3%96.1K0.218.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 271.761.78$1.771.1%179.9K0.5110.2K
$743.00Jul 273.673.69$3.680.5%123.9K0.793.6K
$741.00Jul 272.292.31$2.300.9%122.3K0.616.8K
$742.00Jul 272.922.95$2.941.0%119.2K0.717.8K
$744.00Jul 274.494.52$4.510.7%98.9K0.861.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 374 strikes (avg 202.7%, max 1016.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4196.6%17.6%1016.5%--58
$870.00Jul 27Sep 4190.4%17.1%1015.9%--529
$860.00Jul 27Aug 31177.8%16.1%1001.3%32.7K
$850.00Jul 27Aug 31165.1%15.7%954.3%--2.8K
$840.00Jul 27Aug 31152.1%15.0%917.2%1208.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 2197.5%12.5%679.9%242
$595.00Jul 27Sep 4254.0%35.1%623.7%4261
$605.00Jul 27Aug 31235.8%34.1%592.4%50220.8K
$615.00Jul 27Aug 31217.8%32.5%571.0%--2.1K
$620.00Jul 27Sep 4208.9%31.3%567.6%177

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,046 found (best R:R 460.54, avg 4.69)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$770.00$775.00Aug 10$0.11$4.89$0.1144.45$770.11
$790.00$795.00Aug 28$0.11$4.89$0.1144.45$790.11
$785.00$790.00Aug 28$0.20$4.80$0.2024.00$785.20
$788.00$790.00Sep 4$0.11$1.89$0.1117.18$788.11
$765.00$770.00Aug 10$0.31$4.69$0.3115.13$765.31
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$660.00$600.00Aug 5$0.13$59.87$0.13460.54$659.87
$610.00$600.00Sep 4$0.13$9.87$0.1375.92$609.87
$620.00$610.00Sep 4$0.15$9.85$0.1565.67$619.85
$695.00$690.00Aug 4$0.11$4.89$0.1144.45$694.89
$690.00$685.00Aug 6$0.11$4.89$0.1144.45$689.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,415 found (best R:R 271.73, avg 2.47)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$670.00$700.00Jul 29$29.89$29.89$0.11271.73$699.89
$625.00$650.00Aug 7$24.85$24.85$0.15165.67$649.85
$650.00$670.00Aug 7$19.81$19.81$0.19104.26$669.81
$655.00$665.00Jul 28$9.87$9.87$0.1375.92$664.87
$670.00$690.00Jul 28$19.74$19.74$0.2675.92$689.74
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$825.00$820.00Jul 28$4.87$4.87$0.1337.46$820.13
$805.00$800.00Jul 27$4.80$4.80$0.2024.00$800.20
$780.00$775.00Aug 21$4.80$4.80$0.2024.00$775.20
$770.00$760.00Jul 30$9.53$9.53$0.4720.28$760.47
$769.00$767.00Jul 28$1.90$1.90$0.1019.00$767.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 220 found (avg debit $1.48, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$670.00Jul 27Jul 28$0.05122.2%54.0%
$750.00Jul 27Jul 28$0.0624.3%13.4%
$799.00Jul 31Aug 21$0.0625.2%12.3%
$797.00Jul 31Aug 21$0.0724.5%12.2%
$798.00Jul 31Aug 21$0.0724.9%12.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$716.00Jul 27Jul 28$0.0644.3%26.3%
$717.00Jul 27Jul 28$0.0647.6%25.9%
$718.00Jul 27Jul 28$0.0645.8%24.9%
$747.00Jul 27Jul 28$0.0721.2%13.5%
$719.00Jul 27Jul 28$0.0843.9%24.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,081 found (cheapest 0.44% of stock, avg 5.20%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$740.00Jul 27$1.52$1.77$3.29$736.71$743.290.44%
$741.00Jul 27$1.05$2.30$3.35$737.65$744.350.45%
$739.00Jul 27$2.09$1.34$3.43$735.57$742.430.46%
$742.00Jul 27$0.69$2.94$3.63$738.37$745.630.49%
$738.00Jul 27$2.75$1.00$3.75$734.25$741.750.51%
$743.00Jul 27$0.44$3.68$4.12$738.88$747.120.56%
$737.00Jul 27$3.49$0.75$4.24$732.76$741.240.57%
$744.00Jul 27$0.27$4.51$4.78$739.22$748.780.65%
$736.00Jul 27$4.30$0.55$4.85$731.15$740.850.66%
$741.00Jul 28$2.16$3.31$5.47$735.53$746.470.74%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 400 found (cheapest 0.09% of stock, avg 1.84%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$744.00$735.00Jul 27$0.27$0.41$0.68$734.32$744.68
$743.00$735.00Jul 27$0.44$0.41$0.85$734.15$743.85
$744.00$736.00Jul 27$0.27$0.55$0.82$735.18$744.82
$743.00$736.00Jul 27$0.44$0.55$0.99$735.01$743.99
$744.00$737.00Jul 27$0.27$0.75$1.02$735.98$745.02
$742.00$735.00Jul 27$0.69$0.41$1.10$733.90$743.10
$743.00$737.00Jul 27$0.44$0.75$1.19$735.81$744.19
$742.00$736.00Jul 27$0.69$0.55$1.24$734.76$743.24
$744.00$738.00Jul 27$0.27$1.00$1.27$736.73$745.27
$742.00$737.00Jul 27$0.69$0.75$1.44$735.56$743.44

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 536 found (best R:R 30.82, avg credit $2.29)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
680/685690/697Aug 14$6.78$0.2230.82$678.22$696.78
675/680690/697Aug 14$6.74$0.2625.92$673.26$696.74
670/675690/697Aug 14$6.71$0.2923.14$668.29$696.71
670/675680/685Aug 14$4.76$0.2419.83$670.24$684.76
675/680685/698Aug 28$12.14$0.8614.12$667.86$697.14
670/675685/698Aug 28$12.10$0.9013.44$662.90$697.10
717/718719/721Aug 5$1.86$0.1413.29$716.14$720.86
665/670685/698Aug 28$12.07$0.9312.98$657.93$697.07
660/665685/698Aug 28$12.04$0.9612.54$652.96$697.04
723/724725/727Jul 30$1.85$0.1512.33$722.15$726.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 242 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$615.00$620.00$625.00Jul 27$0.05$4.9599.00
$635.00$640.00$645.00Jul 27$0.05$4.9599.00
$640.00$645.00$650.00Jul 27$0.05$4.9599.00
$595.00$600.00$605.00Aug 31$0.05$4.9599.00
$650.00$655.00$660.00Jul 27$0.06$4.9482.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$690.00$695.00$700.00Aug 5$0.06$4.9482.33
$690.00$695.00$700.00Aug 6$0.06$4.9482.33
$680.00$685.00$690.00Aug 28$0.06$4.9482.33
$700.00$705.00$710.00Aug 10$0.08$4.9261.50
$820.00$825.00$830.00Jul 27$0.09$4.9154.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 907 found (best net $-1.59, 901 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$660.00$700.001:2Aug 4-$1.59$38.41
$790.00$820.001:2Aug 6$0.00$30.00
$830.00$851.001:2Sep 4-$0.01$20.99
$825.00$845.001:2Aug 3-$0.01$19.99
$670.00$700.001:2Jul 29-$10.20$19.80
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$640.00$620.001:2Aug 3-$0.03$19.97
$660.00$640.001:2Aug 6-$0.08$19.92
$655.00$640.001:2Jul 28-$0.01$14.99
$620.00$605.001:2Aug 3-$0.03$14.97
$630.00$615.001:2Aug 4-$0.04$14.96

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 401 found (best yield 2.25%, avg 0.55%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$740.00Sep 4$16.680.510.0%2.25%2.30%1679
$741.00Sep 4$16.070.500.2%2.17%2.35%578
$742.00Sep 4$15.430.490.3%2.09%2.40%17173
$740.00Aug 31$15.320.510.0%2.07%2.11%2612.3K
$740.00Aug 28$14.930.510.0%2.02%2.06%771.2K
$743.00Sep 4$14.810.470.5%2.00%2.45%1033
$741.00Aug 31$14.680.490.2%1.98%2.16%64273
$741.00Aug 28$14.280.500.2%1.93%2.11%25175
$744.00Sep 4$14.190.470.6%1.92%2.50%3120
$742.00Aug 31$14.050.480.3%1.90%2.21%39353

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 1,338,470
Total Puts 1,625,191
Put/Call Ratio 1.21
Net Difference -286,721

Prior's Put/Call Breakdown

Total Calls 1,183,022
Total Puts 1,454,959
Put/Call Ratio 1.23
Net Difference -271,937

Prior 7-Day Put/Call Summary

Total Calls 11,639,758
Total Puts 14,516,961
Average Put/Call Ratio 1.24
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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