Tour v418
SPY
State Street SPDR S&P 500 ETF Trust
$736.69 -0.30%
(7/27 13:35) ◀
|
Monday, July 27, 2026 (1:40pm)
January 2026
|
▶ (7/27 13:45)
◀ 7/27 13:40 ▶

Option Volume

Detail
ℹ
Current (07/27 1:40pm) 9,753,372
Calls: 4,762,589 (49%)
Puts: 4,990,783 (51%)
Prior (07/24) 8,490,212
Calls: 3,848,331 (45%)
Puts: 4,641,881 (55%)
Current vs Prior +14.88%
Calls: +23.76% (Calls)
Puts: +7.52% (Puts)
Prior 7-Day Total 69,307,235
Calls: 33,133,062 (48%)
Puts: 36,174,173 (52%)
Prior 7-Day Average 9,901,033
Calls: 4,733,294 (48%)
Puts: 5,167,739 (52%)
Current vs Prior 7-Day Avg -1.49%
Calls: +0.62%
Puts: -3.42%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27 1:40pm) $1.76B
Calls: $356.89M (20%)
Puts: $1.41B (80%)
Prior (07/24) $1.13B
Calls: $659.38M (58%)
Puts: $471.80M (42%)
Current vs Prior +55.93%
Calls: -45.87%
Puts: +198.21%
Prior 7-Day Total $12.32B
Calls: $2.47B (20%)
Puts: $9.85B (80%)
Prior 7-Day Average $1.76B
Calls: $352.40M (20%)
Puts: $1.41B (80%)
Current vs Prior 7-Day Avg +0.25%
Calls: +1.27%
Puts: -0.00%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27 1:40pm) 1.05
Prior (07/24) 1.21
Current vs Prior -13.12%
Prior 7-Day Average 1.09
Current vs Prior 7-Day Avg -3.46%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27 1:40pm) 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 0.39% | 0.86%0.39% | 1.24%1.79% | 2.47%3.46% | 4.98%
Prior 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs Prior -50.62% | -16.50%+148.15% | +57.07%+1042.17% | +32.72%-0.59% | -0.67%
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 -50.62% | -16.50%+148.15% | +57.07%+1042.17% | +32.72%-0.59% | -0.67%
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 -50.62% | -16.50%-50.62% | -8.70%-3.56% | -0.84%-0.59% | -0.67%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 1.02% | 0.63%
Calls: 1.30% | 0.59%
Puts: 0.75% | 0.67%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior +0.00% | -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 +0.00% | -4.55%
Liquidity Excellent
+
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🤖 AI Insights

Strong bearish conviction with 80% of dollar volume in puts ($1.41B) vs calls ($356.89M). Elevated premium activity with dollar volume up 56% vs prior. Slightly bearish P/C ratio of 1.05. 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
13:40BEARISHNEUTRALBEARISH
13:35BEARISHNEUTRALBEARISH
13:30BEARISHNEUTRALBEARISH
13:25BEARISHNEUTRALBEARISH
13:20BEARISHNEUTRALBEARISH
13:15BEARISHNEUTRALBEARISH
13:10BEARISHNEUTRALBEARISH
13:05BEARISHNEUTRALBEARISH
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 2,475 of results (avg 2.4%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31137.13137.20$137.170.1%41.006.3K
$700.00Jul 3137.5637.62$37.590.2%1060.966.6K
$740.00Aug 149.599.61$9.600.2%1.4K0.46666
$740.00Aug 2813.3513.38$13.370.2%9230.481.2K
$690.00Aug 2151.5651.68$51.620.2%390.885.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$728.00Sep 411.1811.21$11.200.3%300.409
$720.00Aug 73.693.70$3.700.3%7.9K0.2412.4K
$742.00Aug 2113.4913.53$13.510.3%2.1K0.562.1K
$733.00Aug 2110.1010.13$10.120.3%1.4K0.443.8K
$741.00Aug 2113.0613.10$13.080.3%2.4K0.542.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 554 found (avg $0.36, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$755.00Jul 290.050.06$0.0616.7%1.5K0.023.2K
$760.00Jul 300.050.06$0.0616.7%1.4K0.013.2K
$764.00Jul 310.050.06$0.0616.7%5300.013.7K
$766.00Aug 30.050.06$0.0616.7%2820.0168
$768.00Aug 40.050.06$0.0616.7%1420.01120
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$714.00Jul 280.050.06$0.0616.7%8340.01884
$715.00Jul 280.050.06$0.0616.7%1.7K0.013.8K
$695.00Jul 290.050.06$0.0616.7%2890.011.1K
$670.00Jul 300.050.06$0.0616.7%--0.0122
$647.00Jul 310.050.06$0.0616.7%--0.01435

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,182 found (avg delta 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$590.00Jul 27145.25148.55$146.902.2%21.00--
$595.00Jul 27140.25143.55$141.902.3%41.00--
$600.00Jul 27135.25138.55$136.902.4%41.00--
$605.00Jul 27130.25133.55$131.902.5%21.00--
$610.00Jul 27125.25128.55$126.902.6%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$750.00Jul 2812.6913.45$13.075.8%4441.00336
$751.00Jul 2813.6915.52$14.6112.5%331.007
$752.00Jul 2814.6915.45$15.075.0%811.004
$753.00Jul 2815.0117.75$16.3816.7%41.001
$755.00Jul 2817.0019.75$18.3815.0%251.001

Most actively traded options today. High liquidity = easy entry/exit. 2,731 active (total vol 9.7M, top 402.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 270.180.19$0.195.3%402.0K0.137.9K
$741.00Jul 270.100.11$0.119.1%357.4K0.088.5K
$739.00Jul 270.330.34$0.342.9%352.2K0.217.2K
$742.00Jul 270.060.07$0.0714.3%340.4K0.057.9K
$745.00Jul 270.020.03$0.0333.3%310.7K0.0211.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$737.00Jul 271.321.33$1.330.8%373.3K0.554.9K
$736.00Jul 270.870.88$0.881.1%362.8K0.418.1K
$735.00Jul 270.550.56$0.561.8%352.4K0.297.6K
$738.00Jul 271.911.93$1.921.0%327.5K0.686.1K
$740.00Jul 273.503.53$3.510.9%268.2K0.8710.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 378 strikes (avg 321.4%, max 1581.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4303.4%18.0%1581.7%--58
$870.00Jul 27Sep 4294.1%17.5%1580.6%--529
$860.00Jul 27Aug 31275.3%17.3%1488.1%242.7K
$850.00Jul 27Aug 31256.1%16.1%1485.8%--2.8K
$840.00Jul 27Aug 31236.5%15.4%1434.5%1238.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 31154.4%12.2%1161.8%52
$590.00Jul 27Sep 4389.8%35.9%986.8%91647
$595.00Jul 27Sep 4375.9%35.1%971.7%9261
$605.00Jul 27Sep 4348.4%33.5%938.9%276
$615.00Jul 27Sep 4321.3%32.0%904.4%1108

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,081 found (best R:R 427.57, avg 4.52)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$785.00$790.00Aug 28$0.15$4.85$0.1532.33$785.15
$765.00$770.00Aug 10$0.22$4.78$0.2221.73$765.22
$757.00$758.00Aug 4$0.10$0.90$0.109.00$757.10
$758.00$759.00Aug 5$0.10$0.90$0.109.00$758.10
$760.00$765.00Aug 10$0.50$4.50$0.509.00$760.50
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$660.00$600.00Aug 5$0.14$59.86$0.14427.57$659.86
$675.00$670.00Aug 10$0.10$4.90$0.1049.00$674.90
$650.00$645.00Aug 21$0.10$4.90$0.1049.00$649.90
$640.00$635.00Aug 28$0.11$4.89$0.1144.45$639.89
$645.00$640.00Aug 28$0.11$4.89$0.1144.45$644.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,497 found (best R:R 165.67, avg 2.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$625.00$650.00Aug 7$24.85$24.85$0.15165.67$649.85
$630.00$685.00Aug 6$54.65$54.65$0.35156.14$684.65
$635.00$655.00Aug 14$19.77$19.77$0.2385.96$654.77
$660.00$700.00Aug 4$39.53$39.53$0.4784.11$699.53
$590.00$650.00Aug 28$58.99$58.99$1.0158.41$648.99
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$770.00$760.00Jul 30$9.85$9.85$0.1565.67$760.15
$760.00$758.00Jul 30$1.88$1.88$0.1215.67$758.12
$772.00$770.00Aug 21$1.88$1.88$0.1215.67$770.12
$775.00$772.00Aug 28$2.79$2.79$0.2113.29$772.21
$772.00$770.00Aug 31$1.84$1.84$0.1611.50$770.16

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 220 found (avg debit $1.58, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$749.00Jul 27Jul 28$0.0540.8%15.6%
$799.00Jul 31Aug 21$0.0526.9%12.7%
$797.00Jul 31Aug 21$0.0626.2%12.6%
$798.00Jul 31Aug 21$0.0626.6%12.8%
$796.00Jul 31Aug 21$0.0725.8%12.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$716.00Jul 27Jul 28$0.0658.7%24.7%
$717.00Jul 27Jul 28$0.0662.9%24.2%
$757.00Jul 27Jul 28$0.0663.2%19.6%
$718.00Jul 27Jul 28$0.0860.0%24.1%
$719.00Jul 27Jul 28$0.0957.1%23.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,166 found (cheapest 0.32% of stock, avg 5.24%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$737.00Jul 27$1.00$1.33$2.33$734.67$739.330.32%
$736.00Jul 27$1.54$0.88$2.42$733.58$738.420.33%
$738.00Jul 27$0.60$1.92$2.52$735.48$740.520.34%
$735.00Jul 27$2.22$0.56$2.78$732.22$737.780.38%
$739.00Jul 27$0.34$2.67$3.01$735.99$742.010.41%
$734.00Jul 27$3.01$0.35$3.36$730.64$737.360.46%
$740.00Jul 27$0.19$3.51$3.70$736.30$743.700.50%
$733.00Jul 27$3.88$0.21$4.09$728.91$737.090.56%
$741.00Jul 27$0.11$4.45$4.56$736.44$745.560.62%
$732.00Jul 27$4.80$0.13$4.93$727.07$736.930.67%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 400 found (cheapest 0.03% of stock, avg 1.92%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$741.00$732.00Jul 27$0.11$0.13$0.24$731.76$741.24
$740.00$732.00Jul 27$0.19$0.13$0.32$731.68$740.32
$741.00$733.00Jul 27$0.11$0.21$0.32$732.68$741.32
$740.00$733.00Jul 27$0.19$0.21$0.40$732.60$740.40
$739.00$732.00Jul 27$0.34$0.13$0.47$731.53$739.47
$741.00$734.00Jul 27$0.11$0.35$0.46$733.54$741.46
$739.00$733.00Jul 27$0.34$0.21$0.55$732.45$739.55
$740.00$734.00Jul 27$0.19$0.35$0.54$733.46$740.54
$739.00$734.00Jul 27$0.34$0.35$0.69$733.31$739.69
$741.00$735.00Jul 27$0.11$0.56$0.67$734.33$741.67

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 488 found (best R:R 44.45, avg credit $3.01)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
645/650665/670Aug 28$4.89$0.1144.45$645.11$669.89
650/655685/690Aug 28$4.88$0.1240.67$650.12$689.88
675/680685/690Aug 14$4.87$0.1337.46$675.13$689.87
675/680700/705Aug 14$4.87$0.1337.46$675.13$704.87
635/640665/670Aug 28$4.86$0.1434.71$635.14$669.86
640/645665/670Aug 28$4.86$0.1434.71$640.14$669.86
645/650685/690Aug 28$4.86$0.1434.71$645.14$689.86
665/670705/710Sep 4$4.86$0.1434.71$665.14$709.86
680/685695/700Aug 7$4.84$0.1630.25$680.16$699.84
670/675685/690Aug 14$4.84$0.1630.25$670.16$689.84

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 317 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$680.00$685.00$690.00Aug 3$0.06$4.9482.33
$785.00$790.00$795.00Aug 28$0.06$4.9482.33
$695.00$700.00$705.00Aug 7$0.08$4.9261.50
$690.00$695.00$700.00Aug 7$0.10$4.9049.00
$600.00$605.00$610.00Aug 21$0.13$4.8737.46
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$680.00$685.00$690.00Aug 10$0.05$4.9599.00
$690.00$695.00$700.00Aug 4$0.06$4.9482.33
$685.00$690.00$695.00Aug 10$0.06$4.9482.33
$690.00$695.00$700.00Aug 10$0.06$4.9482.33
$680.00$685.00$690.00Aug 28$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. 930 found (best net $-0.02, 923 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$791.00$820.001:2Aug 6-$0.02$28.98
$590.00$650.001:2Aug 28-$31.89$28.11
$670.00$700.001:2Jul 29-$7.23$22.77
$701.00$721.001:2Aug 4-$1.23$18.77
$783.00$800.001:2Aug 4-$0.01$16.99
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-$0.07$14.93
$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. 414 found (best yield 2.30%, avg 0.56%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$737.00Sep 4$16.980.510.0%2.30%2.35%1854
$738.00Sep 4$16.340.500.2%2.22%2.40%4722
$739.00Sep 4$15.710.490.3%2.13%2.45%18565
$737.00Aug 31$15.620.510.0%2.12%2.16%228313
$737.00Aug 28$15.230.510.0%2.07%2.11%228148
$740.00Sep 4$15.090.480.5%2.05%2.50%29379
$738.00Aug 31$14.980.490.2%2.03%2.21%332417
$738.00Aug 28$14.590.490.2%1.98%2.16%348149
$741.00Sep 4$14.470.470.6%1.96%2.55%2278
$739.00Aug 31$14.350.480.3%1.95%2.26%1761.0K

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 4,762,589
Total Puts 4,990,783
Put/Call Ratio 1.05
Net Difference -228,194

Prior's Put/Call Breakdown

Total Calls 3,848,331
Total Puts 4,641,881
Put/Call Ratio 1.21
Net Difference -793,550

Prior 7-Day Put/Call Summary

Total Calls 33,133,062
Total Puts 36,174,173
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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