Tour v418
SPY
State Street SPDR S&P 500 ETF Trust
$736.89 -0.28%
(7/27 12:55) ◀
|
Monday, July 27, 2026 (1:00pm)
January 2026
|
▶ (7/27 13:05)
◀ 7/27 13:00 ▶

Option Volume

Detail
ℹ
Current (07/27 1:00pm) 8,789,476
Calls: 4,271,115 (49%)
Puts: 4,518,361 (51%)
Prior (07/24) 7,591,115
Calls: 3,440,437 (45%)
Puts: 4,150,678 (55%)
Current vs Prior +15.79%
Calls: +24.14% (Calls)
Puts: +8.86% (Puts)
Prior 7-Day Total 63,044,368
Calls: 30,003,574 (48%)
Puts: 33,040,794 (52%)
Prior 7-Day Average 9,006,338
Calls: 4,286,224 (48%)
Puts: 4,720,113 (52%)
Current vs Prior 7-Day Avg -2.41%
Calls: -0.35%
Puts: -4.27%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27 1:00pm) $1.65B
Calls: $332.98M (20%)
Puts: $1.32B (80%)
Prior (07/24) $1.07B
Calls: $589.44M (55%)
Puts: $475.90M (45%)
Current vs Prior +55.10%
Calls: -43.51%
Puts: +177.24%
Prior 7-Day Total $10.27B
Calls: $2.96B (29%)
Puts: $7.32B (71%)
Prior 7-Day Average $1.47B
Calls: $422.31M (29%)
Puts: $1.05B (71%)
Current vs Prior 7-Day Avg +12.59%
Calls: -21.15%
Puts: +26.22%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27 1:00pm) 1.06
Prior (07/24) 1.21
Current vs Prior -12.31%
Prior 7-Day Average 1.09
Current vs Prior 7-Day Avg -3.11%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27 1:00pm) 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 0.44% | 0.87%0.44% | 1.25%1.80% | 2.48%3.48% | 5.00%
Prior 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs Prior -43.93% | -15.60%+181.78% | +58.06%+1045.29% | +33.49%-0.04% | -0.21%
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 -43.93% | -15.60%+181.78% | +58.06%+1045.29% | +33.49%-0.04% | -0.21%
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 -43.93% | -15.60%-43.93% | -8.13%-3.30% | -0.27%-0.04% | -0.21%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 0.98% | 0.63%
Calls: 0.53% | 0.57%
Puts: 1.44% | 0.69%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior -3.92% | -4.55%
Prior 7-Day Avg 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs 7-Day Avg -3.92% | -4.55%
Liquidity Excellent
+
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🤖 AI Insights

Strong bearish conviction with 80% of dollar volume in puts ($1.32B) vs calls ($332.98M). Elevated premium activity with dollar volume up 55% vs prior. Slightly bearish P/C ratio of 1.06. Put-heavy open interest (5,349,896 puts vs 2,204,257 calls) suggests hedging or bearish positioning.

Smart Money BEARISH
Retail Flow NEUTRAL
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 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
13:00BEARISHNEUTRALBEARISH
12:55BEARISHNEUTRALBEARISH
12:50BEARISHNEUTRALBEARISH
12:45BEARISHNEUTRALBEARISH
12:40BEARISHNEUTRALBEARISH
12:35BEARISHNEUTRALBEARISH
12:30BEARISHNEUTRALBEARISH
12:25BEARISHNEUTRALBEARISH
12:20BEARISHBEARISHBEARISH
12:15BEARISHNEUTRALBEARISH
12:10BEARISHBEARISHBEARISH
12:05BEARISHBEARISHBEARISH
12:00BEARISHBEARISHBEARISH
11:55BEARISHBEARISHBEARISH
11:50BEARISHBEARISHBEARISH
11:45BEARISHBEARISHBEARISH
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 2,480 of results (avg 2.3%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31137.36137.43$137.400.1%21.006.3K
$737.00Jul 316.546.55$6.550.2%2.9K0.511.6K
$700.00Jul 3137.7837.85$37.820.2%1050.966.6K
$739.00Sep 415.9115.94$15.930.2%1850.4965
$736.00Jul 294.944.95$4.950.2%1.5K0.54591
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$736.00Aug 2111.0911.12$11.110.3%2.4K0.472.0K
$743.00Aug 3115.5315.58$15.560.3%2290.551.1K
$739.00Aug 2112.2112.25$12.230.3%2.1K0.526.6K
$742.00Aug 1412.1412.18$12.160.3%1.1K0.561.3K
$727.00Jul 312.982.99$2.990.3%3.8K0.273.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 560 found (avg $0.36, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$750.00Jul 280.050.06$0.0616.7%25.4K0.029.8K
$760.00Jul 300.050.06$0.0616.7%1.4K0.013.2K
$764.00Jul 310.050.06$0.0616.7%5280.013.7K
$766.00Aug 30.050.06$0.0616.7%2820.0168
$769.00Aug 40.050.06$0.0616.7%5620.0186
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$729.00Jul 270.050.06$0.0616.7%47.2K0.032.8K
$713.00Jul 280.050.06$0.0616.7%7400.01496
$714.00Jul 280.050.06$0.0616.7%8310.01884
$695.00Jul 290.050.06$0.0616.7%2440.011.1K
$670.00Jul 300.050.06$0.0616.7%--0.0122

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,173 found (avg delta 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$590.00Jul 27145.40148.64$147.022.2%21.00--
$595.00Jul 27140.40143.64$142.022.3%21.00--
$600.00Jul 27135.40138.64$137.022.4%21.00--
$605.00Jul 27130.40133.64$132.022.5%21.00--
$610.00Jul 27125.40128.64$127.022.6%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$750.00Jul 2812.0013.21$12.619.6%4171.00336
$751.00Jul 2812.8915.63$14.2619.2%331.007
$752.00Jul 2813.8815.18$14.538.9%811.004
$753.00Jul 2814.7517.62$16.1917.7%31.001
$755.00Jul 2816.7519.62$18.1915.8%251.001

Most actively traded options today. High liquidity = easy entry/exit. 2,696 active (total vol 8.8M, top 361.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 270.300.31$0.313.2%361.6K0.187.9K
$741.00Jul 270.170.18$0.185.6%334.1K0.128.5K
$742.00Jul 270.100.11$0.119.1%317.2K0.077.9K
$739.00Jul 270.510.52$0.521.9%310.6K0.287.2K
$745.00Jul 270.030.04$0.0425.0%303.8K0.0211.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$737.00Jul 271.381.40$1.391.4%329.9K0.494.9K
$738.00Jul 271.931.95$1.941.0%315.1K0.616.1K
$735.00Jul 270.650.66$0.661.5%285.9K0.287.6K
$736.00Jul 270.970.98$0.981.0%278.6K0.388.1K
$740.00Jul 273.393.42$3.410.9%263.1K0.8210.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 376 strikes (avg 282.5%, max 1400.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4269.6%18.0%1400.5%--58
$870.00Jul 27Sep 4261.3%17.4%1397.6%--529
$860.00Jul 27Aug 31244.5%17.3%1315.4%242.7K
$850.00Jul 27Aug 31227.4%16.1%1313.3%--2.8K
$840.00Jul 27Aug 31209.9%15.4%1267.7%1238.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 21136.8%13.1%947.9%1442
$590.00Jul 27Sep 4348.1%35.9%869.8%89647
$595.00Jul 27Sep 4335.7%35.1%856.4%4261
$605.00Jul 27Aug 31311.2%34.1%812.9%55720.8K
$615.00Jul 27Sep 4287.0%32.0%796.3%1108

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,078 found (best R:R 427.57, avg 4.50)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$785.00$790.00Aug 28$0.16$4.84$0.1630.25$785.16
$765.00$770.00Aug 10$0.23$4.77$0.2320.74$765.23
$745.00$746.00Jul 28$0.10$0.90$0.109.00$745.10
$754.00$755.00Jul 31$0.10$0.90$0.109.00$754.10
$781.00$782.00Sep 4$0.10$0.90$0.109.00$781.10
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
$675.00$670.00Aug 10$0.10$4.90$0.1049.00$674.90
$680.00$675.00Aug 10$0.11$4.89$0.1144.45$679.89
$670.00$665.00Aug 14$0.11$4.89$0.1144.45$669.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,476 found (best R:R 146.06, avg 2.27)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$625.00$650.00Aug 7$24.83$24.83$0.17146.06$649.83
$650.00$670.00Aug 7$19.75$19.75$0.2579.00$669.75
$635.00$655.00Aug 14$19.73$19.73$0.2773.07$654.73
$660.00$700.00Aug 4$39.32$39.32$0.6857.82$699.32
$615.00$625.00Aug 31$9.81$9.81$0.1951.63$624.81
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$762.00$760.00Aug 3$1.89$1.89$0.1117.18$760.11
$787.00$785.00Jul 28$1.88$1.88$0.1215.67$785.12
$760.00$758.00Aug 3$1.87$1.87$0.1314.38$758.13
$774.00$772.00Aug 31$1.83$1.83$0.1710.76$772.17
$770.00$768.00Aug 28$1.82$1.82$0.1810.11$768.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 225 found (avg debit $1.53, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$749.00Jul 27Jul 28$0.0635.3%15.3%
$798.00Jul 31Aug 21$0.0626.3%12.7%
$799.00Jul 31Aug 21$0.0626.7%12.9%
$796.00Jul 31Aug 21$0.0725.6%12.5%
$797.00Jul 31Aug 21$0.0725.9%12.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$715.00Jul 27Jul 28$0.0655.5%25.8%
$782.00Jul 27Aug 21$0.06101.6%11.9%
$716.00Jul 27Jul 28$0.0753.2%25.3%
$717.00Jul 27Jul 28$0.0850.9%24.8%
$718.00Jul 27Jul 28$0.0854.5%24.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,157 found (cheapest 0.37% of stock, avg 5.24%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$737.00Jul 27$1.30$1.39$2.69$734.31$739.690.37%
$738.00Jul 27$0.85$1.94$2.79$735.21$740.790.38%
$736.00Jul 27$1.87$0.98$2.85$733.15$738.850.39%
$739.00Jul 27$0.52$2.62$3.14$735.86$742.140.43%
$735.00Jul 27$2.55$0.66$3.21$731.79$738.210.44%
$740.00Jul 27$0.31$3.41$3.72$736.28$743.720.50%
$734.00Jul 27$3.34$0.45$3.79$730.21$737.790.51%
$741.00Jul 27$0.18$4.27$4.45$736.55$745.450.60%
$733.00Jul 27$4.19$0.30$4.49$728.51$737.490.61%
$742.00Jul 27$0.11$5.15$5.26$736.74$747.260.71%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 400 found (cheapest 0.06% of stock, avg 1.93%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$742.00$733.00Jul 27$0.11$0.30$0.41$732.59$742.41
$741.00$733.00Jul 27$0.18$0.30$0.48$732.52$741.48
$740.00$733.00Jul 27$0.31$0.30$0.61$732.39$740.61
$742.00$734.00Jul 27$0.11$0.45$0.56$733.44$742.56
$741.00$734.00Jul 27$0.18$0.45$0.63$733.37$741.63
$740.00$734.00Jul 27$0.31$0.45$0.76$733.24$740.76
$742.00$735.00Jul 27$0.11$0.66$0.77$734.23$742.77
$739.00$733.00Jul 27$0.52$0.30$0.82$732.18$739.82
$741.00$735.00Jul 27$0.18$0.66$0.84$734.16$741.84
$739.00$734.00Jul 27$0.52$0.45$0.97$733.03$739.97

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 468 found (best R:R 75.92, avg credit $2.91)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
600/610685/695Sep 4$9.87$0.1375.92$600.13$694.87
635/640685/695Sep 4$9.87$0.1375.92$630.13$694.87
640/645685/695Sep 4$9.87$0.1375.92$635.13$694.87
630/635685/695Sep 4$9.85$0.1565.67$625.15$694.85
625/630685/695Sep 4$9.84$0.1661.50$620.16$694.84
670/675680/685Aug 14$4.88$0.1240.67$670.12$684.88
635/640650/665Aug 28$14.58$0.4234.71$625.42$664.58
640/645650/665Aug 28$14.58$0.4234.71$630.42$664.58
655/660665/670Aug 28$4.86$0.1434.71$655.14$669.86
650/655665/670Aug 28$4.85$0.1532.33$650.15$669.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 261 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$605.00$610.00$615.00Jul 31$0.05$4.9599.00
$605.00$610.00$615.00Aug 21$0.05$4.9599.00
$785.00$790.00$795.00Aug 28$0.06$4.9482.33
$695.00$700.00$705.00Sep 4$0.08$4.9261.50
$685.00$690.00$695.00Aug 3$0.09$4.9154.56
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$690.00$695.00$700.00Aug 3$0.05$4.9599.00
$680.00$685.00$690.00Aug 14$0.05$4.9599.00
$680.00$685.00$690.00Aug 28$0.05$4.9599.00
$665.00$670.00$675.00Sep 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. 933 found (best net $-0.02, 925 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$791.00$820.001:2Aug 6-$0.02$28.98
$590.00$650.001:2Aug 28-$32.44$27.56
$670.00$700.001:2Jul 29-$7.30$22.70
$783.00$800.001:2Aug 4-$0.01$16.99
$820.00$835.001:2Aug 5$0.00$15.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$655.00$640.001:2Jul 28-$0.01$14.99
$605.00$590.001:2Aug 6-$0.06$14.94
$630.00$615.001:2Aug 6-$0.09$14.91
$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. 422 found (best yield 2.33%, avg 0.56%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$737.00Sep 4$17.190.510.0%2.33%2.35%1354
$738.00Sep 4$16.530.500.1%2.24%2.39%4122
$739.00Sep 4$15.910.490.3%2.16%2.45%18565
$737.00Aug 31$15.820.510.0%2.15%2.16%200313
$737.00Aug 28$15.420.510.0%2.09%2.11%214148
$740.00Sep 4$15.280.480.4%2.07%2.50%29079
$738.00Aug 31$15.180.500.1%2.06%2.21%328417
$738.00Aug 28$14.780.500.1%2.01%2.16%345149
$741.00Sep 4$14.650.480.6%1.99%2.55%2278
$739.00Aug 31$14.550.490.3%1.97%2.26%1661.0K

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 4,271,115
Total Puts 4,518,361
Put/Call Ratio 1.06
Net Difference -247,246

Prior's Put/Call Breakdown

Total Calls 3,440,437
Total Puts 4,150,678
Put/Call Ratio 1.21
Net Difference -710,241

Prior 7-Day Put/Call Summary

Total Calls 30,003,574
Total Puts 33,040,794
Average Put/Call Ratio 1.09
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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