Tour v418
SPY
State Street SPDR S&P 500 ETF Trust
$736.87 -0.28%
(7/27 14:30) ◀
|
Monday, July 27, 2026 (2:35pm)
January 2026
|
▶ (7/27 14:40)
◀ 7/27 14:35 ▶

Option Volume

Detail
ℹ
Current (07/27 2:35pm) 10,861,218
Calls: 5,346,934 (49%)
Puts: 5,514,284 (51%)
Prior (07/24) 10,352,026
Calls: 4,620,164 (45%)
Puts: 5,731,862 (55%)
Current vs Prior +4.92%
Calls: +15.73% (Calls)
Puts: -3.80% (Puts)
Prior 7-Day Total 76,018,970
Calls: 36,740,700 (48%)
Puts: 39,278,270 (52%)
Prior 7-Day Average 10,859,852
Calls: 5,248,671 (48%)
Puts: 5,611,181 (52%)
Current vs Prior 7-Day Avg +0.01%
Calls: +1.87%
Puts: -1.73%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27 2:35pm) $1.78B
Calls: $396.74M (22%)
Puts: $1.39B (78%)
Prior (07/24) $1.64B
Calls: $388.62M (24%)
Puts: $1.25B (76%)
Current vs Prior +9.06%
Calls: +2.09%
Puts: +11.23%
Prior 7-Day Total $11.52B
Calls: $3.14B (27%)
Puts: $8.38B (73%)
Prior 7-Day Average $1.65B
Calls: $448.24M (27%)
Puts: $1.20B (73%)
Current vs Prior 7-Day Avg +8.41%
Calls: -11.49%
Puts: +15.86%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27 2:35pm) 1.03
Prior (07/24) 1.24
Current vs Prior -16.87%
Prior 7-Day Average 1.07
Current vs Prior 7-Day Avg -3.23%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27 2:35pm) 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 0.32% | 0.85%0.32% | 1.24%1.80% | 2.48%3.47% | 4.98%
Prior 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs Prior -59.06% | -17.70%+105.73% | +56.69%+1044.46% | +33.49%-0.39% | -0.69%
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 -59.06% | -17.70%+105.73% | +56.69%+1044.46% | +33.49%-0.39% | -0.69%
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 -59.06% | -17.70%-59.06% | -8.92%-3.37% | -0.27%-0.39% | -0.69%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 1.39% | 0.78%
Calls: 0.70% | 0.87%
Puts: 2.08% | 0.70%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior +36.27% | +18.18%
Prior 7-Day Avg 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs 7-Day Avg +36.27% | +18.18%
Liquidity Excellent
+
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🤖 AI Insights

Strong bearish conviction with 78% of dollar volume in puts ($1.39B) vs calls ($396.74M). Slightly bearish P/C ratio of 1.03. 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 BEARISH
7-Day Avg BEARISH
Current NEUTRAL
Prior BEARISH
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
14:35BEARISHNEUTRALBEARISH
14:30BEARISHNEUTRALBEARISH
14:25BEARISHNEUTRALBEARISH
14:20BEARISHNEUTRALBEARISH
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11:20BEARISHNEUTRALBEARISH
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11:00BEARISHBEARISHBEARISH
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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 2,505 of results (avg 2.1%, best 0.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31137.34137.40$137.370.0%131.006.3K
$700.00Jul 3137.7437.80$37.770.2%1060.966.6K
$738.00Sep 416.4516.48$16.470.2%990.5022
$739.00Sep 415.8115.84$15.830.2%1850.4965
$741.00Sep 414.5714.60$14.590.2%220.4778
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$702.00Aug 213.853.86$3.860.3%25.6K0.1716.2K
$743.00Aug 2113.8613.90$13.880.3%2.2K0.573.1K
$734.00Aug 2110.3710.40$10.390.3%1.8K0.452.6K
$741.00Aug 2112.9913.03$13.010.3%2.9K0.542.1K
$719.00Aug 216.476.49$6.480.3%3240.292.2K

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
$741.00Jul 270.050.06$0.0616.7%387.5K0.058.5K
$755.00Jul 290.050.06$0.0616.7%2.0K0.023.2K
$760.00Jul 300.050.06$0.0616.7%1.4K0.013.2K
$763.00Jul 310.050.06$0.0616.7%1.6K0.013.0K
$764.00Jul 310.050.06$0.0616.7%5320.013.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$732.00Jul 270.050.06$0.0616.7%124.5K0.053.0K
$717.00Jul 280.050.06$0.0616.7%2.0K0.02725
$700.00Jul 290.050.06$0.0616.7%1.4K0.011.0K
$675.00Jul 300.050.06$0.0616.7%20.012.1K
$654.00Jul 310.050.06$0.0616.7%1000.01207

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,192 found (avg delta 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$590.00Jul 27145.48148.29$146.891.9%21.00--
$595.00Jul 27140.48143.29$141.892.0%41.00--
$600.00Jul 27135.48138.69$137.082.3%41.00--
$605.00Jul 27130.47133.28$131.882.1%21.00--
$610.00Jul 27125.48128.28$126.882.2%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$743.00Jul 275.886.20$6.045.3%133.3K1.003.6K
$744.00Jul 276.897.19$7.044.3%104.0K1.001.7K
$745.00Jul 277.878.19$8.034.0%54.8K1.002.7K
$746.00Jul 278.999.19$9.092.2%18.5K1.002.0K
$747.00Jul 279.9910.19$10.092.0%8.1K1.001.8K

Most actively traded options today. High liquidity = easy entry/exit. 2,766 active (total vol 10.8M, top 465.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 270.090.10$0.1010.0%450.4K0.097.9K
$739.00Jul 270.190.20$0.205.0%411.5K0.177.2K
$738.00Jul 270.420.43$0.432.3%404.0K0.313.9K
$741.00Jul 270.050.06$0.0616.7%387.5K0.058.5K
$742.00Jul 270.030.04$0.0425.0%359.5K0.037.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$737.00Jul 270.950.97$0.962.1%465.2K0.524.9K
$736.00Jul 270.550.56$0.561.8%440.8K0.358.1K
$735.00Jul 270.300.31$0.313.2%398.5K0.217.6K
$738.00Jul 271.551.57$1.561.3%362.5K0.696.1K
$740.00Jul 273.223.25$3.240.9%275.4K0.9210.2K

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 404.2%, max 1996.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4377.7%18.0%1996.5%--58
$870.00Jul 27Sep 4366.1%17.5%1995.1%--529
$860.00Jul 27Aug 31342.6%17.3%1879.6%242.7K
$850.00Jul 27Aug 31318.7%16.1%1876.8%52.8K
$840.00Jul 27Aug 31294.3%15.4%1812.9%1238.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 31191.8%12.2%1472.7%52
$590.00Jul 27Sep 4486.9%35.9%1257.6%91647
$595.00Jul 27Sep 4469.6%35.1%1237.4%9261
$605.00Jul 27Sep 4435.3%33.5%1198.7%276
$615.00Jul 27Sep 4401.4%32.0%1154.3%1108

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,082 found (best R:R 460.54, avg 4.55)

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
$739.00$740.00Jul 27$0.10$0.90$0.109.00$739.10
$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$0.13$59.87$0.13460.54$659.87
$695.00$690.00Aug 3$0.10$4.90$0.1049.00$694.90
$640.00$635.00Aug 28$0.10$4.90$0.1049.00$639.90
$625.00$620.00Sep 4$0.10$4.90$0.1049.00$624.90
$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. 1,504 found (best R:R 177.57, avg 2.49)

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$54.49$54.49$0.51106.84$684.49
$650.00$670.00Aug 7$19.80$19.80$0.2099.00$669.80
$635.00$655.00Aug 14$19.74$19.74$0.2675.92$654.74
$660.00$700.00Aug 4$39.40$39.40$0.6065.67$699.40
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$760.00$758.00Aug 4$1.89$1.89$0.1117.18$758.11
$772.00$770.00Aug 28$1.89$1.89$0.1117.18$770.11
$765.00$763.00Aug 7$1.88$1.88$0.1215.67$763.12
$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

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 212 found (avg debit $1.64, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$749.00Jul 27Jul 28$0.0550.0%15.6%
$799.00Jul 31Aug 21$0.0527.0%12.7%
$710.00Jul 27Jul 28$0.0693.5%28.0%
$797.00Jul 31Aug 21$0.0626.2%12.6%
$798.00Jul 31Aug 21$0.0626.6%12.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$718.00Jul 27Jul 28$0.0667.5%23.3%
$753.00Jul 27Jul 28$0.0656.9%17.2%
$756.00Jul 27Jul 28$0.0666.3%18.8%
$758.00Jul 27Jul 28$0.0672.5%20.6%
$719.00Jul 27Jul 28$0.0772.2%23.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,175 found (cheapest 0.24% of stock, avg 5.26%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$737.00Jul 27$0.83$0.96$1.79$735.21$738.790.24%
$736.00Jul 27$1.42$0.56$1.98$734.02$737.980.27%
$738.00Jul 27$0.43$1.56$1.99$736.01$739.990.27%
$735.00Jul 27$2.18$0.31$2.49$732.51$737.490.34%
$739.00Jul 27$0.20$2.33$2.53$736.47$741.530.34%
$734.00Jul 27$3.04$0.17$3.21$730.79$737.210.44%
$740.00Jul 27$0.10$3.24$3.34$736.66$743.340.45%
$733.00Jul 27$3.97$0.09$4.06$728.94$737.060.55%
$741.00Jul 27$0.06$4.12$4.18$736.82$745.180.57%
$732.00Jul 27$5.04$0.06$5.10$726.90$737.100.69%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 395 found (cheapest 0.02% of stock, avg 1.94%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$741.00$733.00Jul 27$0.06$0.09$0.15$732.85$741.15
$740.00$733.00Jul 27$0.10$0.09$0.19$732.81$740.19
$741.00$734.00Jul 27$0.06$0.17$0.23$733.77$741.23
$739.00$733.00Jul 27$0.20$0.09$0.29$732.71$739.29
$740.00$734.00Jul 27$0.10$0.17$0.27$733.73$740.27
$739.00$734.00Jul 27$0.20$0.17$0.37$733.63$739.37
$741.00$735.00Jul 27$0.06$0.31$0.37$734.63$741.37
$740.00$735.00Jul 27$0.10$0.31$0.41$734.59$740.41
$738.00$733.00Jul 27$0.43$0.09$0.52$732.48$738.52
$739.00$735.00Jul 27$0.20$0.31$0.51$734.49$739.51

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 454 found (best R:R 89.91, avg credit $2.81)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
630/635685/695Sep 4$9.89$0.1189.91$625.11$694.89
625/630685/695Sep 4$9.88$0.1282.33$620.12$694.88
620/625685/695Sep 4$9.87$0.1375.92$615.13$694.87
670/675685/690Aug 14$4.87$0.1337.46$670.13$689.87
675/680685/690Aug 28$4.87$0.1337.46$675.13$689.87
680/685695/700Aug 7$4.86$0.1434.71$680.14$699.86
680/685690/695Aug 7$4.85$0.1532.33$680.15$694.85
665/670685/690Aug 14$4.85$0.1532.33$665.15$689.85
640/645650/665Aug 28$14.53$0.4730.91$630.47$664.53
635/640650/665Aug 28$14.51$0.4929.61$625.49$664.51

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 207 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$625.00$630.00$635.00Aug 21$0.07$4.9370.43
$785.00$790.00$795.00Aug 28$0.07$4.9370.43
$600.00$605.00$610.00Aug 21$0.09$4.9154.56
$685.00$690.00$695.00Aug 7$0.11$4.8944.45
$726.00$728.00$730.00Aug 6$0.05$1.9539.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$690.00$695.00$700.00Aug 5$0.05$4.9599.00
$670.00$675.00$680.00Sep 4$0.05$4.9599.00
$690.00$695.00$700.00Aug 4$0.06$4.9482.33
$685.00$690.00$695.00Aug 6$0.06$4.9482.33
$685.00$690.00$695.00Aug 10$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. 917 found (best net $-0.02, 909 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$791.00$820.001:2Aug 6-$0.02$28.98
$783.00$800.001:2Aug 4-$0.01$16.99
$820.00$835.001:2Aug 5$0.00$15.00
$820.00$835.001:2Jul 27-$0.01$14.99
$820.00$835.001:2Jul 28-$0.01$14.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$655.00$640.001:2Jul 28-$0.01$14.99
$605.00$590.001:2Aug 6-$0.05$14.95
$630.00$615.001:2Aug 6-$0.08$14.92
$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. 412 found (best yield 2.32%, avg 0.57%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$737.00Sep 4$17.080.510.0%2.32%2.34%7054
$738.00Sep 4$16.450.500.1%2.23%2.39%9922
$739.00Sep 4$15.810.490.3%2.15%2.43%18565
$737.00Aug 31$15.740.510.0%2.14%2.15%238313
$737.00Aug 28$15.350.510.0%2.08%2.10%246148
$740.00Sep 4$15.180.480.4%2.06%2.48%29779
$738.00Aug 31$15.100.500.1%2.05%2.20%344417
$738.00Aug 28$14.710.500.1%2.00%2.15%373149
$741.00Sep 4$14.570.470.6%1.98%2.54%2278
$739.00Aug 31$14.470.480.3%1.96%2.25%1771.0K

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 5,346,934
Total Puts 5,514,284
Put/Call Ratio 1.03
Net Difference -167,350

Prior's Put/Call Breakdown

Total Calls 4,620,164
Total Puts 5,731,862
Put/Call Ratio 1.24
Net Difference -1,111,698

Prior 7-Day Put/Call Summary

Total Calls 36,740,700
Total Puts 39,278,270
Average Put/Call Ratio 1.07
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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