Tour v418
SPY
State Street SPDR S&P 500 ETF Trust
$736.81 -0.29%
(7/27 13:45) ◀
|
Monday, July 27, 2026 (1:50pm)
January 2026
|
▶ (7/27 13:55)
◀ 7/27 13:50 ▶

Option Volume

Detail
ℹ
Current (07/27 1:50pm) 9,925,645
Calls: 4,854,953 (49%)
Puts: 5,070,692 (51%)
Prior (07/24) 9,005,849
Calls: 4,095,405 (45%)
Puts: 4,910,444 (55%)
Current vs Prior +10.21%
Calls: +18.55% (Calls)
Puts: +3.26% (Puts)
Prior 7-Day Total 70,643,945
Calls: 33,844,792 (48%)
Puts: 36,799,153 (52%)
Prior 7-Day Average 10,091,992
Calls: 4,834,970 (48%)
Puts: 5,257,021 (52%)
Current vs Prior 7-Day Avg -1.65%
Calls: +0.41%
Puts: -3.54%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27 1:50pm) $1.75B
Calls: $371.87M (21%)
Puts: $1.38B (79%)
Prior (07/24) $1.14B
Calls: $599.95M (52%)
Puts: $543.63M (48%)
Current vs Prior +53.20%
Calls: -38.02%
Puts: +153.86%
Prior 7-Day Total $12.33B
Calls: $2.53B (21%)
Puts: $9.80B (79%)
Prior 7-Day Average $1.76B
Calls: $361.78M (21%)
Puts: $1.40B (79%)
Current vs Prior 7-Day Avg -0.55%
Calls: +2.79%
Puts: -1.42%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27 1:50pm) 1.04
Prior (07/24) 1.20
Current vs Prior -12.89%
Prior 7-Day Average 1.08
Current vs Prior 7-Day Avg -3.44%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27 1:50pm) 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 0.37% | 0.86%0.37% | 1.24%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 -52.52% | -16.51%+138.60% | +56.70%+1041.97% | +32.84%-0.61% | -0.71%
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 -52.52% | -16.51%+138.60% | +56.70%+1041.97% | +32.84%-0.61% | -0.71%
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 -52.52% | -16.51%-52.52% | -8.91%-3.58% | -0.75%-0.61% | -0.71%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 1.48% | 0.46%
Calls: 1.27% | 0.58%
Puts: 1.68% | 0.34%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior +45.10% | -30.30%
Prior 7-Day Avg 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs 7-Day Avg +45.10% | -30.30%
Liquidity Excellent
+
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🤖 AI Insights

Strong bearish conviction with 79% of dollar volume in puts ($1.38B) vs calls ($371.87M). Elevated premium activity with dollar volume up 53% vs prior. Slightly bearish P/C ratio of 1.04. 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 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
13:50BEARISHNEUTRALBEARISH
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
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
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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 2,492 of results (avg 2.1%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31137.28137.35$137.320.1%41.006.3K
$700.00Jul 3137.6937.76$37.720.2%1060.966.6K
$741.00Sep 414.5414.57$14.560.2%220.4778
$737.00Aug 2113.3813.41$13.400.2%2.8K0.51790
$737.00Sep 417.0617.10$17.080.2%680.5154
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$736.00Aug 2812.4712.49$12.480.2%1570.48254
$739.00Aug 2813.5813.61$13.600.2%980.52233
$744.00Aug 3115.9415.98$15.960.3%5500.57962
$725.00Aug 53.883.89$3.890.3%5390.28232
$721.00Aug 73.843.85$3.850.3%8860.251.4K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 556 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
$731.00Jul 270.050.06$0.0616.7%77.2K0.043.8K
$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

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,186 found (avg delta 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$590.00Jul 27145.08148.51$146.802.3%21.00--
$595.00Jul 27140.08143.51$141.802.4%41.00--
$600.00Jul 27135.08138.51$136.802.5%41.00--
$605.00Jul 27130.08133.51$131.802.6%21.00--
$610.00Jul 27125.08128.51$126.792.7%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$750.00Jul 2812.6913.36$13.025.1%4441.00336
$751.00Jul 2813.6915.52$14.6112.5%331.007
$752.00Jul 2814.6915.39$15.044.7%811.004
$753.00Jul 2814.9717.92$16.4517.9%41.001
$755.00Jul 2816.9719.94$18.4516.1%291.001

Most actively traded options today. High liquidity = easy entry/exit. 2,740 active (total vol 9.9M, top 407.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 270.170.18$0.185.6%407.9K0.137.9K
$741.00Jul 270.100.11$0.119.1%361.6K0.088.5K
$739.00Jul 270.320.33$0.333.0%359.2K0.217.2K
$742.00Jul 270.060.07$0.0714.3%344.6K0.057.9K
$738.00Jul 270.580.59$0.591.7%315.8K0.333.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$737.00Jul 271.181.20$1.191.7%381.1K0.534.9K
$736.00Jul 270.750.76$0.761.3%377.9K0.398.1K
$735.00Jul 270.460.47$0.472.1%360.9K0.277.6K
$738.00Jul 271.771.79$1.781.1%328.7K0.676.1K
$740.00Jul 273.353.39$3.371.2%269.5K0.8710.2K

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 331.5%, max 1633.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4312.4%18.0%1633.1%--58
$870.00Jul 27Sep 4302.8%17.5%1631.8%--529
$860.00Jul 27Aug 31283.4%17.3%1536.5%242.7K
$850.00Jul 27Aug 31263.6%16.1%1534.1%52.8K
$840.00Jul 27Aug 31243.5%15.4%1481.2%1238.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 31158.8%12.2%1200.1%52
$590.00Jul 27Sep 4402.0%35.9%1020.0%91647
$595.00Jul 27Sep 4387.7%35.1%1005.5%9261
$605.00Jul 27Sep 4359.4%33.5%971.6%276
$615.00Jul 27Sep 4331.4%32.0%935.9%1108

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,080 found (best R:R 427.57, avg 4.56)

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
$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
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
$620.00$615.00Sep 4$0.10$4.90$0.1049.00$619.90
$680.00$675.00Aug 10$0.11$4.89$0.1144.45$679.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,485 found (best R:R 207.33, avg 2.27)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$625.00$650.00Aug 7$24.88$24.88$0.12207.33$649.88
$630.00$685.00Aug 6$54.54$54.54$0.46118.57$684.54
$660.00$700.00Aug 4$39.46$39.46$0.5473.07$699.46
$635.00$655.00Aug 14$19.73$19.73$0.2773.07$654.73
$615.00$625.00Aug 31$9.85$9.85$0.1565.67$624.85
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$775.00$772.00Aug 28$2.81$2.81$0.1914.79$772.19
$774.00$771.00Jul 31$2.79$2.79$0.2113.29$771.21
$772.00$770.00Aug 21$1.85$1.85$0.1512.33$770.15
$782.00$780.00Aug 21$1.80$1.80$0.209.00$780.20
$754.00$753.00Jul 31$0.89$0.89$0.118.09$753.11

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 231 found (avg debit $1.56, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$749.00Jul 27Jul 28$0.0541.7%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$0.0660.8%24.9%
$717.00Jul 27Jul 28$0.0665.2%24.4%
$718.00Jul 27Jul 28$0.0762.2%23.8%
$719.00Jul 27Jul 28$0.0859.2%23.2%
$771.00Jul 27Jul 28$0.0892.2%27.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,170 found (cheapest 0.30% of stock, avg 5.25%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$737.00Jul 27$1.00$1.19$2.19$734.81$739.190.30%
$736.00Jul 27$1.57$0.76$2.33$733.67$738.330.32%
$738.00Jul 27$0.59$1.78$2.37$735.63$740.370.32%
$735.00Jul 27$2.28$0.47$2.75$732.25$737.750.37%
$739.00Jul 27$0.33$2.51$2.84$736.16$741.840.39%
$734.00Jul 27$3.09$0.28$3.37$730.63$737.370.46%
$740.00Jul 27$0.18$3.37$3.55$736.45$743.550.48%
$733.00Jul 27$3.97$0.17$4.14$728.86$737.140.56%
$741.00Jul 27$0.11$4.29$4.40$736.60$745.400.60%
$732.00Jul 27$4.90$0.10$5.00$727.00$737.000.68%

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$0.10$0.21$731.79$741.21
$740.00$732.00Jul 27$0.18$0.10$0.28$731.72$740.28
$741.00$733.00Jul 27$0.11$0.17$0.28$732.72$741.28
$740.00$733.00Jul 27$0.18$0.17$0.35$732.65$740.35
$741.00$734.00Jul 27$0.11$0.28$0.39$733.61$741.39
$739.00$732.00Jul 27$0.33$0.10$0.43$731.57$739.43
$740.00$734.00Jul 27$0.18$0.28$0.46$733.54$740.46
$739.00$733.00Jul 27$0.33$0.17$0.50$732.50$739.50
$739.00$734.00Jul 27$0.33$0.28$0.61$733.39$739.61
$741.00$735.00Jul 27$0.11$0.47$0.58$734.42$741.58

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 448 found (best R:R 89.91, avg credit $3.01)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
660/665685/695Sep 4$9.89$0.1189.91$655.11$694.89
655/660685/695Sep 4$9.87$0.1375.92$650.13$694.87
650/655685/695Sep 4$9.84$0.1661.50$645.16$694.84
645/650685/695Sep 4$9.82$0.1854.56$640.18$694.82
640/645685/695Sep 4$9.80$0.2049.00$635.20$694.80
635/640685/695Sep 4$9.79$0.2146.62$630.21$694.79
630/635685/695Sep 4$9.77$0.2342.48$625.23$694.77
625/630685/695Sep 4$9.76$0.2440.67$620.24$694.76
615/620685/695Sep 4$9.75$0.2539.00$610.25$694.75
680/685695/700Aug 7$4.82$0.1826.78$680.18$699.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 218 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$695.00$700.00$705.00Aug 7$0.07$4.9370.43
$785.00$790.00$795.00Aug 28$0.07$4.9370.43
$685.00$690.00$695.00Aug 3$0.09$4.9154.56
$675.00$680.00$685.00Aug 3$0.10$4.9049.00
$725.00$730.00$735.00Aug 10$0.10$4.9049.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$685.00$690.00$695.00Aug 4$0.05$4.9599.00
$685.00$690.00$695.00Aug 5$0.06$4.9482.33
$690.00$695.00$700.00Aug 5$0.06$4.9482.33
$685.00$690.00$695.00Aug 6$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. 932 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-$31.91$28.09
$670.00$700.001:2Jul 29-$7.12$22.88
$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. 415 found (best yield 2.32%, avg 0.56%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$737.00Sep 4$17.060.510.0%2.32%2.34%6854
$738.00Sep 4$16.410.500.2%2.23%2.39%9722
$739.00Sep 4$15.780.490.3%2.14%2.44%18565
$737.00Aug 31$15.690.510.0%2.13%2.16%229313
$737.00Aug 28$15.300.510.0%2.08%2.10%232148
$740.00Sep 4$15.150.480.4%2.06%2.49%29379
$738.00Aug 31$15.050.490.2%2.04%2.20%332417
$738.00Aug 28$14.660.500.2%1.99%2.15%348149
$741.00Sep 4$14.540.470.6%1.97%2.54%2278
$739.00Aug 31$14.420.480.3%1.96%2.25%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 4,854,953
Total Puts 5,070,692
Put/Call Ratio 1.04
Net Difference -215,739

Prior's Put/Call Breakdown

Total Calls 4,095,405
Total Puts 4,910,444
Put/Call Ratio 1.20
Net Difference -815,039

Prior 7-Day Put/Call Summary

Total Calls 33,844,792
Total Puts 36,799,153
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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