Tour v414
SPY
State Street SPDR S&P 500 ETF Trust
$738.17 -0.10%
(7/27 10:35) ◀
|
Monday, July 27, 2026 (10:40am)
January 2026
|
▶ (7/27 10:45)
◀ 7/27 10:40 ▶

Option Volume

Detail
ℹ
Current (07/27 10:40am) 3,855,087
Calls: 1,768,282 (46%)
Puts: 2,086,805 (54%)
Prior (07/24) 2,637,981
Calls: 1,183,022 (45%)
Puts: 1,454,959 (55%)
Current vs Prior +46.14%
Calls: +49.47% (Calls)
Puts: +43.43% (Puts)
Prior 7-Day Total 30,493,062
Calls: 13,668,685 (45%)
Puts: 16,824,377 (55%)
Prior 7-Day Average 4,356,151
Calls: 1,952,669 (45%)
Puts: 2,403,482 (55%)
Current vs Prior 7-Day Avg -11.50%
Calls: -9.44%
Puts: -13.18%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27 10:40am) $880.27M
Calls: $157.89M (18%)
Puts: $722.39M (82%)
Prior (07/24) $383.72M
Calls: $180.89M (47%)
Puts: $202.83M (53%)
Current vs Prior +129.40%
Calls: -12.72%
Puts: +256.15%
Prior 7-Day Total $5.14B
Calls: $1.16B (23%)
Puts: $3.98B (77%)
Prior 7-Day Average $734.36M
Calls: $165.75M (23%)
Puts: $568.61M (77%)
Current vs Prior 7-Day Avg +19.87%
Calls: -4.75%
Puts: +27.04%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27 10:40am) 1.18
Prior (07/24) 1.23
Current vs Prior -4.04%
Prior 7-Day Average 1.22
Current vs Prior 7-Day Avg -3.57%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27 10:40am) 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 0.60% | 0.91%0.60% | 1.28%1.81% | 2.46%3.44% | 4.96%
Prior 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs Prior -24.11% | -11.55%+281.40% | +62.78%+1054.52% | +32.31%-1.14% | -1.08%
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 -24.11% | -11.55%+281.40% | +62.78%+1054.52% | +32.31%-1.14% | -1.08%
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 -24.11% | -11.55%-24.11% | -5.39%-2.52% | -1.15%-1.14% | -1.08%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 0.45% | 0.44%
Calls: 0.49% | 0.30%
Puts: 0.42% | 0.58%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior -55.88% | -33.33%
Prior 7-Day Avg 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs 7-Day Avg -55.88% | -33.33%
Liquidity Excellent
+
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🤖 AI Insights

Strong bearish conviction with 82% of dollar volume in puts ($722.39M) vs calls ($157.89M). Massive premium surge with dollar volume up 129% vs prior. Slightly bearish P/C ratio of 1.18. 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 NEUTRAL
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
10:40BEARISHBEARISHBEARISH
10:35BEARISHBEARISHBEARISH
10:30BEARISHBEARISHBEARISH
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 2,430 of results (avg 2.2%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31138.57138.70$138.640.1%11.006.3K
$700.00Jul 3139.0939.15$39.120.2%100.966.6K
$741.00Aug 3114.0714.11$14.090.3%640.48273
$738.00Sep 417.3517.40$17.380.3%300.5222
$738.00Jul 316.826.84$6.830.3%7330.523.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$720.00Aug 73.573.58$3.580.3%1.7K0.2312.4K
$711.00Aug 316.466.48$6.470.3%120.25600
$710.00Aug 316.306.32$6.310.3%1050.2414.2K
$717.00Aug 73.103.11$3.110.3%1460.201.3K
$719.00Aug 63.053.06$3.060.3%830.219

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 520 found (avg $0.37, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$748.00Jul 270.050.06$0.0616.7%73.7K0.0310.9K
$756.00Jul 290.050.06$0.0616.7%2480.02955
$764.00Jul 310.050.06$0.0616.7%3530.013.7K
$766.00Aug 30.050.06$0.0616.7%2770.0168
$768.00Aug 40.050.06$0.0616.7%1420.01120
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$725.00Jul 270.050.06$0.0616.7%14.5K0.0211.0K
$712.00Jul 280.050.06$0.0616.7%1890.01529
$713.00Jul 280.050.06$0.0616.7%580.01496
$690.00Jul 290.050.06$0.0616.7%180.01921
$670.00Jul 300.050.06$0.0616.7%--0.0122

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,119 found (avg delta 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$595.00Jul 27141.78144.59$143.192.0%21.00--
$600.00Jul 27136.51139.78$138.142.4%21.00--
$605.00Jul 27131.51134.78$133.142.5%21.00--
$610.00Jul 27126.77129.60$128.192.2%21.00--
$615.00Jul 27121.77124.59$123.182.3%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$749.00Jul 2710.6911.86$11.2710.4%6841.00116
$750.00Jul 2711.6412.79$12.229.4%5901.00110
$751.00Jul 2712.6413.84$13.249.1%1921.004
$752.00Jul 2713.6314.85$14.248.6%1731.00--
$753.00Jul 2714.7015.83$15.277.4%1041.00--

Most actively traded options today. High liquidity = easy entry/exit. 2,417 active (total vol 3.9M, top 202.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$745.00Jul 270.160.17$0.175.9%195.7K0.0811.6K
$744.00Jul 270.240.25$0.254.0%167.6K0.116.3K
$746.00Jul 270.110.12$0.128.3%128.6K0.066.2K
$743.00Jul 270.360.37$0.372.7%127.9K0.158.0K
$742.00Jul 270.530.54$0.541.9%121.2K0.217.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 272.932.96$2.951.0%202.3K0.6510.2K
$741.00Jul 273.603.64$3.621.1%132.0K0.736.8K
$743.00Jul 275.175.21$5.190.8%127.4K0.853.6K
$742.00Jul 274.354.39$4.370.9%123.8K0.797.8K
$738.00Jul 271.871.88$1.880.5%113.0K0.486.1K

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 209.9%, max 1043.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4203.7%17.8%1043.4%--58
$870.00Jul 27Sep 4197.4%17.3%1042.1%--529
$860.00Jul 27Aug 31184.6%16.3%1029.9%142.7K
$850.00Jul 27Aug 31171.5%15.9%979.3%--2.8K
$840.00Jul 27Aug 31158.3%15.2%941.7%1208.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 21102.4%12.8%699.4%442
$595.00Jul 27Sep 4257.5%35.3%629.7%4261
$605.00Jul 27Aug 31238.9%34.3%597.4%50220.8K
$615.00Jul 27Aug 31220.5%32.7%574.6%--2.1K
$620.00Jul 27Sep 4211.3%31.5%571.4%177

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,089 found (best R:R 399.00, avg 4.99)

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$0.18$4.82$0.1826.78$785.18
$788.00$790.00Sep 4$0.11$1.89$0.1117.18$788.11
$765.00$770.00Aug 10$0.28$4.72$0.2816.86$765.28
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$660.00$600.00Aug 5$0.15$59.85$0.15399.00$659.85
$660.00$640.00Aug 6$0.11$19.89$0.11180.82$659.89
$610.00$600.00Sep 4$0.14$9.86$0.1470.43$609.86
$620.00$610.00Sep 4$0.17$9.83$0.1757.82$619.83
$695.00$690.00Aug 3$0.10$4.90$0.1049.00$694.90

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,505 found (best R:R 155.25, avg 2.42)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$625.00$650.00Aug 7$24.84$24.84$0.16155.25$649.84
$670.00$690.00Jul 28$19.85$19.85$0.15132.33$689.85
$660.00$700.00Aug 4$39.36$39.36$0.6461.50$699.36
$605.00$615.00Aug 7$9.82$9.82$0.1854.56$614.82
$685.00$690.00Aug 3$4.90$4.90$0.1049.00$689.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$770.00$760.00Jul 30$9.82$9.82$0.1854.56$760.18
$855.00$850.00Jul 27$4.90$4.90$0.1049.00$850.10
$810.00$805.00Jul 27$4.79$4.79$0.2122.81$805.21
$781.00$778.00Jul 28$2.86$2.86$0.1420.43$778.14
$769.00$767.00Jul 28$1.88$1.88$0.1215.67$767.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 228 found (avg debit $1.56, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$750.00Jul 27Jul 28$0.0629.9%15.2%
$798.00Jul 31Aug 21$0.0625.6%12.5%
$799.00Jul 31Aug 21$0.0625.9%12.6%
$796.00Jul 31Aug 21$0.0724.8%12.3%
$797.00Jul 31Aug 21$0.0725.2%12.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$715.00Jul 27Jul 28$0.0549.5%25.9%
$794.00Jul 27Jul 28$0.0593.6%40.6%
$714.00Jul 27Jul 28$0.0646.0%26.8%
$716.00Jul 27Jul 28$0.0647.6%25.9%
$751.00Jul 27Jul 28$0.0630.5%15.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,102 found (cheapest 0.53% of stock, avg 5.20%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$738.00Jul 27$2.05$1.88$3.93$734.07$741.930.53%
$739.00Jul 27$1.54$2.37$3.91$735.09$742.910.53%
$740.00Jul 27$1.12$2.95$4.07$735.93$744.070.55%
$737.00Jul 27$2.64$1.47$4.11$732.89$741.110.56%
$736.00Jul 27$3.31$1.13$4.44$731.56$740.440.60%
$741.00Jul 27$0.79$3.62$4.41$736.59$745.410.60%
$735.00Jul 27$4.04$0.88$4.92$730.08$739.920.67%
$742.00Jul 27$0.54$4.37$4.91$737.09$746.910.67%
$734.00Jul 27$4.82$0.67$5.49$728.51$739.490.74%
$743.00Jul 27$0.37$5.19$5.56$737.44$748.560.75%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 400 found (cheapest 0.14% of stock, avg 1.95%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$743.00$734.00Jul 27$0.37$0.67$1.04$732.96$744.04
$742.00$734.00Jul 27$0.54$0.67$1.21$732.79$743.21
$743.00$735.00Jul 27$0.37$0.88$1.25$733.75$744.25
$742.00$735.00Jul 27$0.54$0.88$1.42$733.58$743.42
$741.00$734.00Jul 27$0.79$0.67$1.46$732.54$742.46
$743.00$736.00Jul 27$0.37$1.13$1.50$734.50$744.50
$741.00$735.00Jul 27$0.79$0.88$1.67$733.33$742.67
$742.00$736.00Jul 27$0.54$1.13$1.67$734.33$743.67
$740.00$734.00Jul 27$1.12$0.67$1.79$732.21$741.79
$743.00$737.00Jul 27$0.37$1.47$1.84$735.16$744.84

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 579 found (best R:R 61.50, avg credit $2.91)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
660/665685/695Sep 4$9.84$0.1661.50$655.16$694.84
655/660685/695Sep 4$9.81$0.1951.63$650.19$694.81
650/655685/695Sep 4$9.79$0.2146.62$645.21$694.79
610/620685/695Sep 4$9.77$0.2342.48$610.23$694.77
645/650685/695Sep 4$9.77$0.2342.48$640.23$694.77
635/640650/665Aug 28$14.64$0.3640.67$625.36$664.64
640/645650/665Aug 28$14.64$0.3640.67$630.36$664.64
640/645685/695Sep 4$9.75$0.2539.00$635.25$694.75
600/610685/695Sep 4$9.74$0.2637.46$600.26$694.74
635/640685/695Sep 4$9.74$0.2637.46$630.26$694.74

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 291 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$595.00$600.00$605.00Jul 27$0.05$4.9599.00
$600.00$605.00$610.00Jul 27$0.05$4.9599.00
$660.00$665.00$670.00Aug 3$0.05$4.9599.00
$695.00$700.00$705.00Aug 7$0.06$4.9482.33
$675.00$680.00$685.00Aug 7$0.07$4.9370.43
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$685.00$690.00$695.00Aug 5$0.05$4.9599.00
$690.00$695.00$700.00Aug 6$0.05$4.9599.00
$670.00$675.00$680.00Sep 4$0.05$4.9599.00
$680.00$685.00$690.00Sep 4$0.05$4.9599.00
$690.00$695.00$700.00Aug 4$0.06$4.9482.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 880 found (best net $-0.36, 874 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$660.00$700.001:2Aug 4-$0.36$39.64
$790.00$820.001:2Aug 6$0.00$30.00
$670.00$700.001:2Jul 29-$8.57$21.43
$830.00$851.001:2Sep 4-$0.01$20.99
$825.00$845.001:2Aug 3-$0.01$19.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$640.00$620.001:2Aug 3-$0.04$19.96
$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-$0.04$14.96
$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. 407 found (best yield 2.26%, avg 0.55%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$739.00Sep 4$16.700.500.1%2.26%2.37%6565
$740.00Sep 4$16.060.490.2%2.18%2.42%7879
$741.00Sep 4$15.430.480.4%2.09%2.47%678
$739.00Aug 31$15.330.500.1%2.08%2.19%1101.0K
$739.00Aug 28$14.940.500.1%2.02%2.14%11212
$742.00Sep 4$14.810.480.5%2.01%2.53%155173
$740.00Aug 31$14.690.490.2%1.99%2.24%4092.3K
$740.00Aug 28$14.300.490.2%1.94%2.19%1091.2K
$743.00Sep 4$14.200.470.7%1.92%2.58%1233
$741.00Aug 31$14.070.480.4%1.91%2.29%64273

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 1,768,282
Total Puts 2,086,805
Put/Call Ratio 1.18
Net Difference -318,523

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 13,668,685
Total Puts 16,824,377
Average Put/Call Ratio 1.22
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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