Tour v414
SPY
State Street SPDR S&P 500 ETF Trust
$737.08 -0.25%
(7/27 11:35) ◀
|
Monday, July 27, 2026 (11:40am)
January 2026
|
▶ (7/27 11:45)
◀ 7/27 11:40 ▶

Option Volume

Detail
ℹ
Current (07/27 11:40am) 6,439,599
Calls: 3,036,673 (47%)
Puts: 3,402,926 (53%)
Prior (07/24) 5,689,015
Calls: 2,656,249 (47%)
Puts: 3,032,766 (53%)
Current vs Prior +13.19%
Calls: +14.32% (Calls)
Puts: +12.21% (Puts)
Prior 7-Day Total 47,345,762
Calls: 22,172,914 (47%)
Puts: 25,172,848 (53%)
Prior 7-Day Average 6,763,680
Calls: 3,167,559 (47%)
Puts: 3,596,121 (53%)
Current vs Prior 7-Day Avg -4.79%
Calls: -4.13%
Puts: -5.37%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27 11:40am) $1.38B
Calls: $244.76M (18%)
Puts: $1.13B (82%)
Prior (07/24) $909.07M
Calls: $667.35M (73%)
Puts: $241.73M (27%)
Current vs Prior +51.27%
Calls: -63.32%
Puts: +367.63%
Prior 7-Day Total $8.22B
Calls: $2.09B (25%)
Puts: $6.13B (75%)
Prior 7-Day Average $1.17B
Calls: $299.19M (25%)
Puts: $875.17M (75%)
Current vs Prior 7-Day Avg +17.10%
Calls: -18.19%
Puts: +29.16%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27 11:40am) 1.12
Prior (07/24) 1.14
Current vs Prior -1.85%
Prior 7-Day Average 1.12
Current vs Prior 7-Day Avg +0.45%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27 11:40am) 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 0.51% | 0.88%0.51% | 1.26%1.80% | 2.46%3.45% | 4.97%
Prior 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs Prior -35.69% | -14.44%+223.18% | +59.23%+1045.86% | +32.51%-0.76% | -0.86%
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 -35.69% | -14.44%+223.18% | +59.23%+1045.86% | +32.51%-0.76% | -0.86%
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 -35.69% | -14.44%-35.69% | -7.45%-3.25% | -1.00%-0.76% | -0.86%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 1.08% | 0.76%
Calls: 1.20% | 0.63%
Puts: 0.97% | 0.89%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior +5.88% | +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 +5.88% | +15.15%
Liquidity Excellent
+
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🤖 AI Insights

Strong bearish conviction with 82% of dollar volume in puts ($1.13B) vs calls ($244.76M). Elevated premium activity with dollar volume up 51% vs prior. Slightly bearish P/C ratio of 1.12. 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
11:40BEARISHBEARISHBEARISH
11:35BEARISHBEARISHBEARISH
11:30BEARISHBEARISHBEARISH
11:25BEARISHBEARISHBEARISH
11:20BEARISHNEUTRALBEARISH
11:15BEARISHNEUTRALBEARISH
11:10BEARISHNEUTRALBEARISH
11:05BEARISHNEUTRALBEARISH
11:00BEARISHBEARISHBEARISH
10:55BEARISHBEARISHBEARISH
10:50BEARISHBEARISHBEARISH
10:45BEARISHBEARISHBEARISH
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 2,477 of results (avg 2.1%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31137.57137.64$137.600.1%11.006.3K
$700.00Jul 3138.0038.07$38.030.2%230.966.6K
$690.00Aug 2152.0452.14$52.090.2%270.875.6K
$700.00Aug 2142.9743.07$43.020.2%260.837.6K
$740.00Aug 3114.0814.12$14.100.3%6140.482.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$733.00Sep 412.6212.65$12.640.2%750.459
$729.00Sep 411.4211.45$11.430.3%170.4175
$728.00Sep 411.1411.17$11.160.3%90.409
$727.00Sep 410.8710.90$10.890.3%50.3930
$724.00Sep 410.1010.13$10.120.3%80.3677

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 544 found (avg $0.36, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$750.00Jul 280.050.06$0.0616.7%21.5K0.029.8K
$755.00Jul 290.050.06$0.0616.7%8290.023.2K
$760.00Jul 300.050.06$0.0616.7%1.0K0.013.2K
$764.00Jul 310.050.06$0.0616.7%3970.013.7K
$766.00Aug 30.050.06$0.0616.7%2780.0168
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$726.00Jul 270.050.06$0.0616.7%10.0K0.037.7K
$712.00Jul 280.050.06$0.0616.7%1.9K0.01529
$713.00Jul 280.050.06$0.0616.7%4380.01496
$690.00Jul 290.050.06$0.0616.7%260.01921
$670.00Jul 300.050.06$0.0616.7%--0.0122

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,150 found (avg delta 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$590.00Jul 27145.69148.48$147.081.9%21.00--
$595.00Jul 27140.69143.51$142.102.0%21.00--
$600.00Jul 27135.54138.70$137.122.3%21.00--
$605.00Jul 27130.69133.51$132.102.1%21.00--
$610.00Jul 27125.70128.51$127.102.2%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$746.00Jul 278.889.35$9.125.2%18.2K1.002.0K
$747.00Jul 279.8810.69$10.297.9%8.0K1.001.8K
$748.00Jul 2710.8811.27$11.083.5%2.3K1.001.4K
$749.00Jul 2711.8712.14$12.012.2%7181.00116
$750.00Jul 2712.8713.69$13.286.2%7021.00110

Most actively traded options today. High liquidity = easy entry/exit. 2,585 active (total vol 6.4M, top 265.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$745.00Jul 270.040.05$0.0520.0%265.3K0.0311.6K
$741.00Jul 270.310.32$0.323.1%237.2K0.158.5K
$742.00Jul 270.180.19$0.195.3%228.8K0.107.9K
$744.00Jul 270.070.08$0.0812.5%226.0K0.046.3K
$743.00Jul 270.110.12$0.128.3%216.7K0.078.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 273.383.41$3.400.9%243.1K0.7910.2K
$738.00Jul 272.062.08$2.071.0%225.3K0.616.1K
$737.00Jul 271.561.57$1.570.6%195.5K0.514.9K
$739.00Jul 272.672.69$2.680.7%182.6K0.709.5K
$735.00Jul 270.840.86$0.852.4%176.1K0.337.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 375 strikes (avg 235.4%, max 1159.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4226.7%18.0%1159.8%--58
$870.00Jul 27Sep 4219.7%17.5%1158.9%--529
$860.00Jul 27Aug 31205.6%17.3%1089.9%242.7K
$850.00Jul 27Aug 31191.3%16.1%1088.2%--2.8K
$840.00Jul 27Aug 31176.6%15.4%1049.7%1208.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 21115.2%12.8%796.8%1442
$590.00Jul 27Sep 4292.1%36.0%711.9%80647
$595.00Jul 27Sep 4281.7%35.2%700.7%4261
$605.00Jul 27Aug 31261.1%34.2%664.1%53720.8K
$615.00Jul 27Aug 31240.8%32.6%639.3%--2.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,073 found (best R:R 427.57, avg 4.64)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$785.00$790.00Aug 28$0.17$4.83$0.1728.41$785.17
$765.00$770.00Aug 10$0.24$4.76$0.2419.83$765.24
$771.00$772.00Aug 21$0.10$0.90$0.109.00$771.10
$675.00$676.00Aug 31$0.10$0.90$0.109.00$675.10
$709.00$710.00Aug 31$0.10$0.90$0.109.00$709.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$660.00$600.00Aug 5$0.14$59.86$0.14427.57$659.86
$610.00$600.00Sep 4$0.14$9.86$0.1470.43$609.86
$620.00$610.00Sep 4$0.18$9.82$0.1854.56$619.82
$650.00$645.00Aug 21$0.10$4.90$0.1049.00$649.90
$690.00$685.00Aug 5$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. 1,502 found (best R:R 132.33, avg 2.60)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$650.00$670.00Aug 7$19.85$19.85$0.15132.33$669.85
$635.00$655.00Aug 14$19.81$19.81$0.19104.26$654.81
$655.00$665.00Jul 28$9.88$9.88$0.1282.33$664.88
$605.00$615.00Aug 7$9.88$9.88$0.1282.33$614.88
$660.00$700.00Aug 4$39.35$39.35$0.6560.54$699.35
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$790.00$780.00Jul 31$9.86$9.86$0.1470.43$780.14
$762.00$760.00Aug 3$1.81$1.81$0.199.53$760.19
$764.00$762.00Aug 14$1.80$1.80$0.209.00$762.20
$767.00$766.00Aug 21$0.90$0.90$0.109.00$766.10
$770.00$768.00Aug 28$1.79$1.79$0.218.52$768.21

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 226 found (avg debit $1.63, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$749.00Jul 27Jul 28$0.0532.1%15.2%
$798.00Jul 31Aug 21$0.0526.2%12.5%
$799.00Jul 31Aug 21$0.0526.6%12.7%
$670.00Jul 27Jul 28$0.06132.7%53.2%
$796.00Jul 31Aug 21$0.0625.5%12.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$714.00Jul 27Jul 28$0.0554.0%26.0%
$715.00Jul 27Jul 28$0.0551.9%25.0%
$716.00Jul 27Jul 28$0.0649.7%25.0%
$717.00Jul 27Jul 28$0.0847.5%24.4%
$718.00Jul 27Jul 28$0.0945.4%24.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,133 found (cheapest 0.44% of stock, avg 5.26%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$737.00Jul 27$1.67$1.57$3.24$733.76$740.240.44%
$738.00Jul 27$1.17$2.07$3.24$734.76$741.240.44%
$736.00Jul 27$2.27$1.16$3.43$732.57$739.430.47%
$739.00Jul 27$0.79$2.68$3.47$735.53$742.470.47%
$735.00Jul 27$2.96$0.85$3.81$731.19$738.810.52%
$740.00Jul 27$0.51$3.40$3.91$736.09$743.910.53%
$734.00Jul 27$3.73$0.62$4.35$729.65$738.350.59%
$741.00Jul 27$0.32$4.21$4.53$736.47$745.530.61%
$733.00Jul 27$4.55$0.45$5.00$728.00$738.000.68%
$742.00Jul 27$0.19$5.09$5.28$736.72$747.280.72%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 400 found (cheapest 0.09% of stock, avg 1.95%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$741.00$732.00Jul 27$0.32$0.32$0.64$731.36$741.64
$741.00$733.00Jul 27$0.32$0.45$0.77$732.23$741.77
$740.00$732.00Jul 27$0.51$0.32$0.83$731.17$740.83
$740.00$733.00Jul 27$0.51$0.45$0.96$732.04$740.96
$741.00$734.00Jul 27$0.32$0.62$0.94$733.06$741.94
$739.00$732.00Jul 27$0.79$0.32$1.11$730.89$740.11
$740.00$734.00Jul 27$0.51$0.62$1.13$732.87$741.13
$741.00$735.00Jul 27$0.32$0.85$1.17$733.83$742.17
$739.00$733.00Jul 27$0.79$0.45$1.24$731.76$740.24
$740.00$735.00Jul 27$0.51$0.85$1.36$733.64$741.36

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 506 found (best R:R 44.45, avg credit $3.03)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
675/680685/690Aug 14$4.89$0.1144.45$675.11$689.89
670/675685/690Aug 14$4.86$0.1434.71$670.14$689.86
665/670685/690Aug 14$4.83$0.1728.41$665.17$689.83
680/685695/700Aug 7$4.82$0.1826.78$680.18$699.82
660/665685/690Aug 14$4.82$0.1826.78$660.18$689.82
680/685690/695Aug 7$4.81$0.1925.32$680.19$694.81
680/685690/697Aug 14$6.71$0.2923.14$678.29$696.71
675/680690/697Aug 14$6.66$0.3419.59$673.34$696.66
670/675690/697Aug 14$6.63$0.3717.92$668.37$696.63
665/670690/697Aug 14$6.60$0.4016.50$663.40$696.60

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 254 found (best R:R 199.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$605.00$615.00$625.00Aug 7$0.05$9.95199.00
$675.00$685.00$695.00Sep 4$0.06$9.94165.67
$645.00$650.00$655.00Jul 27$0.05$4.9599.00
$685.00$690.00$695.00Aug 3$0.05$4.9599.00
$785.00$790.00$795.00Aug 28$0.08$4.9261.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$690.00$695.00$700.00Aug 4$0.05$4.9599.00
$685.00$690.00$695.00Aug 5$0.05$4.9599.00
$675.00$680.00$685.00Aug 14$0.05$4.9599.00
$665.00$670.00$675.00Aug 28$0.05$4.9599.00
$680.00$685.00$690.00Aug 28$0.05$4.9599.00

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 $-0.02, 898 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$790.00$820.001:2Aug 6-$0.02$29.98
$590.00$650.001:2Aug 28-$32.34$27.66
$670.00$700.001:2Jul 29-$7.45$22.55
$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
$660.00$640.001:2Aug 6-$0.09$19.91
$655.00$640.001:2Jul 28-$0.01$14.99
$640.00$625.001:2Aug 3-$0.04$14.96
$605.00$595.001:2Jul 27-$0.01$9.99
$615.00$605.001:2Jul 27-$0.01$9.99

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
$738.00Sep 4$16.690.500.1%2.26%2.39%4022
$739.00Sep 4$16.050.490.3%2.18%2.44%14865
$740.00Sep 4$15.420.480.4%2.09%2.49%25679
$738.00Aug 31$15.330.500.1%2.08%2.20%204417
$738.00Aug 28$14.940.500.1%2.03%2.15%228149
$741.00Sep 4$14.810.470.5%2.01%2.54%1978
$739.00Aug 31$14.700.480.3%1.99%2.25%1261.0K
$739.00Aug 28$14.300.480.3%1.94%2.20%26212
$742.00Sep 4$14.200.470.7%1.93%2.59%265173
$740.00Aug 31$14.080.480.4%1.91%2.31%6142.3K

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 3,036,673
Total Puts 3,402,926
Put/Call Ratio 1.12
Net Difference -366,253

Prior's Put/Call Breakdown

Total Calls 2,656,249
Total Puts 3,032,766
Put/Call Ratio 1.14
Net Difference -376,517

Prior 7-Day Put/Call Summary

Total Calls 22,172,914
Total Puts 25,172,848
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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