Tour v418
SPY
State Street SPDR S&P 500 ETF Trust
$736.68 -0.30%
(7/27 13:40) ◀
|
Monday, July 27, 2026 (1:45pm)
January 2026
|
▶ (7/27 13:50)
◀ 7/27 13:45 ▶

Option Volume

Detail
ℹ
Current (07/27 1:45pm) 9,843,257
Calls: 4,807,979 (49%)
Puts: 5,035,278 (51%)
Prior (07/24) 8,490,212
Calls: 3,848,331 (45%)
Puts: 4,641,881 (55%)
Current vs Prior +15.94%
Calls: +24.94% (Calls)
Puts: +8.47% (Puts)
Prior 7-Day Total 69,981,640
Calls: 33,492,039 (48%)
Puts: 36,489,601 (52%)
Prior 7-Day Average 9,997,377
Calls: 4,784,577 (48%)
Puts: 5,212,800 (52%)
Current vs Prior 7-Day Avg -1.54%
Calls: +0.49%
Puts: -3.41%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27 1:45pm) $1.76B
Calls: $358.04M (20%)
Puts: $1.41B (80%)
Prior (07/24) $1.13B
Calls: $659.38M (58%)
Puts: $471.80M (42%)
Current vs Prior +55.93%
Calls: -45.70%
Puts: +197.96%
Prior 7-Day Total $12.30B
Calls: $2.51B (20%)
Puts: $9.79B (80%)
Prior 7-Day Average $1.76B
Calls: $358.33M (20%)
Puts: $1.40B (80%)
Current vs Prior 7-Day Avg +0.42%
Calls: -0.08%
Puts: +0.55%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27 1:45pm) 1.05
Prior (07/24) 1.21
Current vs Prior -13.18%
Prior 7-Day Average 1.08
Current vs Prior 7-Day Avg -3.34%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27 1:45pm) 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 0.38% | 0.86%0.38% | 1.23%1.79% | 2.47%3.46% | 4.97%
Prior 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs Prior -51.83% | -16.76%+142.10% | +56.39%+1040.45% | +32.65%-0.67% | -0.75%
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 -51.83% | -16.76%+142.10% | +56.39%+1040.45% | +32.65%-0.67% | -0.75%
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 -51.83% | -16.76%-51.83% | -9.10%-3.71% | -0.89%-0.67% | -0.75%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 0.72% | 0.64%
Calls: 0.67% | 0.60%
Puts: 0.77% | 0.67%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior -29.41% | -3.03%
Prior 7-Day Avg 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs 7-Day Avg -29.41% | -3.03%
Liquidity Excellent
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🤖 AI Insights

Strong bearish conviction with 80% of dollar volume in puts ($1.41B) vs calls ($358.04M). 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
13:45BEARISHNEUTRALBEARISH
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
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11:35BEARISHBEARISHBEARISH
11:30BEARISHBEARISHBEARISH
11:25BEARISHBEARISHBEARISH
11:20BEARISHNEUTRALBEARISH
11:15BEARISHNEUTRALBEARISH
11:10BEARISHNEUTRALBEARISH
11:05BEARISHNEUTRALBEARISH
11:00BEARISHBEARISHBEARISH
10:55BEARISHBEARISHBEARISH
10:50BEARISHBEARISHBEARISH
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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 2,473 of results (avg 2.1%, best 0.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31137.13137.19$137.160.0%41.006.3K
$700.00Jul 3137.5537.61$37.580.2%1060.966.6K
$738.00Sep 416.3316.36$16.350.2%470.5022
$739.00Sep 415.7015.73$15.720.2%1850.4965
$690.00Aug 2151.5651.66$51.610.2%390.885.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$726.00Aug 64.534.54$4.540.2%720.3153
$725.00Aug 64.304.31$4.310.2%2500.29215
$740.00Aug 2112.6512.68$12.670.2%5.3K0.5326.4K
$738.00Aug 57.988.00$7.990.3%4380.52248
$743.00Aug 3115.5715.61$15.590.3%4670.561.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 555 found (avg $0.35, 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. 1,184 found (avg delta 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$590.00Jul 27145.08148.50$146.792.3%21.00--
$595.00Jul 27140.08143.50$141.792.4%41.00--
$600.00Jul 27135.08138.50$136.792.5%41.00--
$605.00Jul 27130.08133.50$131.792.6%21.00--
$610.00Jul 27125.08128.50$126.792.7%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$750.00Jul 2812.6913.42$13.065.6%4441.00336
$751.00Jul 2813.6915.52$14.6112.5%331.007
$752.00Jul 2814.6915.51$15.105.4%811.004
$753.00Jul 2814.9117.92$16.4218.3%41.001
$755.00Jul 2816.9119.94$18.4316.4%251.001

Most actively traded options today. High liquidity = easy entry/exit. 2,736 active (total vol 9.8M, top 405.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 270.170.18$0.185.6%405.2K0.137.9K
$741.00Jul 270.100.11$0.119.1%360.2K0.088.5K
$739.00Jul 270.310.32$0.323.1%355.9K0.217.2K
$742.00Jul 270.060.07$0.0714.3%341.9K0.057.9K
$745.00Jul 270.020.03$0.0333.3%312.8K0.0211.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$737.00Jul 271.291.30$1.300.8%376.9K0.534.9K
$736.00Jul 270.830.84$0.841.2%371.6K0.398.1K
$735.00Jul 270.520.53$0.531.9%357.7K0.277.6K
$738.00Jul 271.891.90$1.900.5%328.1K0.676.1K
$740.00Jul 273.493.51$3.500.6%268.7K0.8710.2K

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 327.4%, max 1609.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4308.2%18.0%1609.6%--58
$870.00Jul 27Sep 4298.7%17.5%1608.4%--529
$860.00Jul 27Aug 31279.6%17.3%1514.6%242.7K
$850.00Jul 27Aug 31260.0%16.1%1512.2%52.8K
$840.00Jul 27Aug 31240.2%15.4%1460.0%1238.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 31156.7%12.2%1182.7%52
$590.00Jul 27Sep 4396.6%35.8%1007.1%91647
$595.00Jul 27Sep 4382.5%35.1%990.6%9261
$605.00Jul 27Sep 4354.5%33.5%958.1%276
$615.00Jul 27Sep 4326.9%32.0%922.0%1108

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,069 found (best R:R 427.57, avg 4.53)

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
$680.00$675.00Aug 10$0.11$4.89$0.1144.45$679.89
$640.00$635.00Aug 28$0.11$4.89$0.1144.45$639.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,488 found (best R:R 177.57, avg 2.36)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$625.00$650.00Aug 7$24.86$24.86$0.14177.57$649.86
$630.00$685.00Aug 6$54.57$54.57$0.43126.91$684.57
$635.00$655.00Aug 14$19.73$19.73$0.2773.07$654.73
$660.00$700.00Aug 4$39.45$39.45$0.5571.73$699.45
$615.00$625.00Aug 31$9.85$9.85$0.1565.67$624.85
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$772.00$770.00Aug 21$1.87$1.87$0.1314.38$770.13
$774.00$771.00Jul 31$2.80$2.80$0.2014.00$771.20
$760.00$758.00Jul 30$1.84$1.84$0.1611.50$758.16
$782.00$780.00Aug 21$1.81$1.81$0.199.53$780.19
$759.00$758.00Jul 28$0.90$0.90$0.109.00$758.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 230 found (avg debit $1.52, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$749.00Jul 27Jul 28$0.0541.1%15.5%
$799.00Jul 31Aug 21$0.0526.9%12.7%
$797.00Jul 31Aug 21$0.0626.2%12.6%
$798.00Jul 31Aug 21$0.0626.5%12.8%
$796.00Jul 31Aug 21$0.0725.8%12.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$716.00Jul 27Jul 28$0.0660.0%24.9%
$717.00Jul 27Jul 28$0.0664.3%24.4%
$746.00Jul 27Jul 28$0.0634.5%15.5%
$718.00Jul 27Jul 28$0.0761.4%23.8%
$719.00Jul 27Jul 28$0.0958.4%23.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,168 found (cheapest 0.31% of stock, avg 5.25%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$737.00Jul 27$0.96$1.30$2.26$734.74$739.260.31%
$736.00Jul 27$1.50$0.84$2.34$733.66$738.340.32%
$738.00Jul 27$0.56$1.90$2.46$735.54$740.460.33%
$735.00Jul 27$2.19$0.53$2.72$732.28$737.720.37%
$739.00Jul 27$0.32$2.64$2.96$736.04$741.960.40%
$734.00Jul 27$2.98$0.32$3.30$730.70$737.300.45%
$740.00Jul 27$0.18$3.50$3.68$736.32$743.680.50%
$733.00Jul 27$3.85$0.19$4.04$728.96$737.040.55%
$741.00Jul 27$0.11$4.40$4.51$736.49$745.510.61%
$732.00Jul 27$4.77$0.11$4.88$727.12$736.880.66%

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$0.11$0.22$731.78$741.22
$740.00$732.00Jul 27$0.18$0.11$0.29$731.71$740.29
$741.00$733.00Jul 27$0.11$0.19$0.30$732.70$741.30
$740.00$733.00Jul 27$0.18$0.19$0.37$732.63$740.37
$739.00$732.00Jul 27$0.32$0.11$0.43$731.57$739.43
$741.00$734.00Jul 27$0.11$0.32$0.43$733.57$741.43
$739.00$733.00Jul 27$0.32$0.19$0.51$732.49$739.51
$740.00$734.00Jul 27$0.18$0.32$0.50$733.50$740.50
$738.00$732.00Jul 27$0.56$0.11$0.67$731.33$738.67
$739.00$734.00Jul 27$0.32$0.32$0.64$733.36$739.64

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 445 found (best R:R 89.91, avg credit $3.05)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
655/660685/695Sep 4$9.89$0.1189.91$650.11$694.89
650/655685/695Sep 4$9.87$0.1375.92$645.13$694.87
645/650685/695Sep 4$9.84$0.1661.50$640.16$694.84
640/645685/695Sep 4$9.82$0.1854.56$635.18$694.82
635/640685/695Sep 4$9.81$0.1951.63$630.19$694.81
630/635685/695Sep 4$9.79$0.2146.62$625.21$694.79
645/650665/670Aug 28$4.89$0.1144.45$645.11$669.89
625/630685/695Sep 4$9.78$0.2244.45$620.22$694.78
630/635710/715Sep 4$4.88$0.1240.67$630.12$714.88
640/645665/670Aug 28$4.87$0.1337.46$640.13$669.87

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 259 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$595.00$600.00$605.00Jul 31$0.05$4.9599.00
$785.00$790.00$795.00Aug 28$0.06$4.9482.33
$700.00$705.00$710.00Sep 4$0.07$4.9370.43
$695.00$700.00$705.00Sep 4$0.08$4.9261.50
$695.00$700.00$705.00Aug 7$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. 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-$31.92$28.08
$670.00$700.001:2Jul 29-$7.11$22.89
$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-$0.07$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$16.970.510.0%2.30%2.35%1854
$738.00Sep 4$16.330.500.2%2.22%2.40%4722
$739.00Sep 4$15.700.490.3%2.13%2.45%18565
$737.00Aug 31$15.600.510.0%2.12%2.16%229313
$737.00Aug 28$15.210.510.0%2.06%2.11%228148
$740.00Sep 4$15.070.470.5%2.05%2.50%29379
$738.00Aug 31$14.960.490.2%2.03%2.21%332417
$738.00Aug 28$14.570.500.2%1.98%2.16%348149
$741.00Sep 4$14.460.470.6%1.96%2.55%2278
$739.00Aug 31$14.330.480.3%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 4,807,979
Total Puts 5,035,278
Put/Call Ratio 1.05
Net Difference -227,299

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 33,492,039
Total Puts 36,489,601
Average Put/Call Ratio 1.08
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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