Tour v418
SPY
State Street SPDR S&P 500 ETF Trust
$736.75 -0.30%
(7/27 14:35) ◀
|
Monday, July 27, 2026 (2:40pm)
January 2026
|
▶ (7/27 14:45)
◀ 7/27 14:40 ▶

Option Volume

Detail
ℹ
Current (07/27 2:40pm) 10,965,870
Calls: 5,389,421 (49%)
Puts: 5,576,449 (51%)
Prior (07/24) 10,579,396
Calls: 4,714,561 (45%)
Puts: 5,864,835 (55%)
Current vs Prior +3.65%
Calls: +14.31% (Calls)
Puts: -4.92% (Puts)
Prior 7-Day Total 76,712,170
Calls: 37,094,395 (48%)
Puts: 39,617,775 (52%)
Prior 7-Day Average 10,958,881
Calls: 5,299,199 (48%)
Puts: 5,659,682 (52%)
Current vs Prior 7-Day Avg +0.06%
Calls: +1.70%
Puts: -1.47%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27 2:40pm) $1.81B
Calls: $388.51M (21%)
Puts: $1.42B (79%)
Prior (07/24) $1.70B
Calls: $379.07M (22%)
Puts: $1.32B (78%)
Current vs Prior +6.64%
Calls: +2.49%
Puts: +7.84%
Prior 7-Day Total $11.70B
Calls: $3.08B (26%)
Puts: $8.62B (74%)
Prior 7-Day Average $1.67B
Calls: $439.98M (26%)
Puts: $1.23B (74%)
Current vs Prior 7-Day Avg +8.17%
Calls: -11.70%
Puts: +15.27%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27 2:40pm) 1.03
Prior (07/24) 1.24
Current vs Prior -16.82%
Prior 7-Day Average 1.06
Current vs Prior 7-Day Avg -2.85%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27 2:40pm) 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 0.31% | 0.84%0.31% | 1.23%1.79% | 2.48%3.46% | 4.97%
Prior 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs Prior -60.09% | -18.34%+100.57% | +55.69%+1041.21% | +33.22%-0.45% | -0.76%
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 -60.09% | -18.34%+100.57% | +55.69%+1041.21% | +33.22%-0.45% | -0.76%
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 -60.09% | -18.34%-60.09% | -9.50%-3.64% | -0.47%-0.45% | -0.76%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 1.25% | 0.65%
Calls: 1.50% | 0.60%
Puts: 1.01% | 0.70%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior +22.55% | -1.52%
Prior 7-Day Avg 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs 7-Day Avg +22.55% | -1.52%
Liquidity Excellent
+
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🤖 AI Insights

Strong bearish conviction with 79% of dollar volume in puts ($1.42B) vs calls ($388.51M). 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
14:40BEARISHNEUTRALBEARISH
14:35BEARISHNEUTRALBEARISH
14:30BEARISHNEUTRALBEARISH
14:25BEARISHNEUTRALBEARISH
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11:20BEARISHNEUTRALBEARISH
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11:00BEARISHBEARISHBEARISH
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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 2,507 of results (avg 2.1%, best 0.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31137.23137.29$137.260.0%131.006.3K
$700.00Jul 3137.6337.69$37.660.2%1060.966.6K
$690.00Aug 2151.6551.76$51.710.2%400.885.6K
$700.00Aug 2142.5842.68$42.630.2%280.837.6K
$739.00Sep 415.7515.79$15.770.3%1850.4965
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$727.00Sep 410.8710.89$10.880.2%730.3930
$730.00Aug 219.179.19$9.180.2%6.0K0.4057.9K
$733.00Sep 412.6412.67$12.660.2%910.459
$726.00Aug 54.134.14$4.140.2%2480.30131
$732.00Sep 412.3212.35$12.340.2%680.4427

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 545 found (avg $0.36, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$741.00Jul 270.050.06$0.0616.7%390.2K0.058.5K
$749.00Jul 280.050.06$0.0616.7%9.9K0.022.2K
$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
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$716.00Jul 280.050.06$0.0616.7%1.6K0.02452
$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
$655.00Jul 310.050.06$0.0616.7%240.013.3K

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 27145.47148.16$146.821.8%21.00--
$595.00Jul 27140.47143.15$141.811.9%41.00--
$600.00Jul 27135.42138.48$136.952.2%41.00--
$605.00Jul 27130.41133.16$131.792.1%21.00--
$610.00Jul 27125.47128.16$126.822.1%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$743.00Jul 276.186.33$6.262.4%133.4K1.003.6K
$744.00Jul 277.177.33$7.252.2%104.0K1.001.7K
$745.00Jul 278.178.34$8.252.1%54.8K1.002.7K
$746.00Jul 279.179.34$9.251.8%18.5K1.002.0K
$747.00Jul 2710.1410.33$10.241.9%8.1K1.001.8K

Most actively traded options today. High liquidity = easy entry/exit. 2,770 active (total vol 10.9M, top 477.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 270.080.09$0.0911.1%454.2K0.087.9K
$739.00Jul 270.160.17$0.175.9%417.8K0.157.2K
$738.00Jul 270.360.37$0.372.7%410.5K0.283.9K
$741.00Jul 270.050.06$0.0616.7%390.2K0.058.5K
$742.00Jul 270.030.04$0.0425.0%360.3K0.037.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$737.00Jul 270.980.99$0.991.0%477.4K0.554.9K
$736.00Jul 270.560.57$0.561.8%452.3K0.378.1K
$735.00Jul 270.300.31$0.313.2%403.7K0.237.6K
$738.00Jul 271.591.62$1.611.9%366.1K0.726.1K
$740.00Jul 273.303.33$3.320.9%275.7K0.9210.2K

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 415.6%, max 2051.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4388.2%18.0%2051.5%--58
$870.00Jul 27Sep 4376.2%17.5%2050.0%--529
$860.00Jul 27Aug 31352.1%17.3%1931.6%242.7K
$850.00Jul 27Aug 31327.5%16.1%1928.7%52.8K
$840.00Jul 27Aug 31302.5%15.4%1863.1%1238.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 31197.4%12.2%1514.2%52
$590.00Jul 27Sep 4499.2%35.8%1293.0%91647
$595.00Jul 27Sep 4481.4%35.1%1272.3%9261
$605.00Jul 27Sep 4446.2%33.5%1231.4%276
$615.00Jul 27Sep 4411.5%32.0%1187.0%1108

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,088 found (best R:R 460.54, avg 4.40)

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$0.22$4.78$0.2221.73$765.22
$752.00$753.00Jul 30$0.10$0.90$0.109.00$752.10
$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
$690.00$685.00Aug 5$0.11$4.89$0.1144.45$689.89
$640.00$635.00Aug 28$0.11$4.89$0.1144.45$639.89
$630.00$625.00Sep 4$0.11$4.89$0.1144.45$629.89
$695.00$690.00Aug 4$0.12$4.88$0.1240.67$694.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,477 found (best R:R 155.25, avg 2.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$625.00$650.00Aug 7$24.84$24.84$0.16155.25$649.84
$630.00$685.00Aug 6$54.52$54.52$0.48113.58$684.52
$650.00$670.00Aug 7$19.79$19.79$0.2194.24$669.79
$635.00$655.00Aug 14$19.72$19.72$0.2870.43$654.72
$660.00$700.00Aug 4$39.43$39.43$0.5769.18$699.43
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$775.00$772.00Aug 28$2.89$2.89$0.1126.27$772.11
$774.00$772.00Aug 31$1.89$1.89$0.1117.18$772.11
$772.00$770.00Aug 28$1.87$1.87$0.1314.38$770.13
$766.00$765.00Aug 21$0.90$0.90$0.109.00$765.10
$768.00$767.00Aug 28$0.90$0.90$0.109.00$767.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 208 found (avg debit $1.70, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$799.00Jul 31Aug 21$0.0527.0%12.7%
$797.00Jul 31Aug 21$0.0626.3%12.6%
$798.00Jul 31Aug 21$0.0626.7%12.8%
$748.00Jul 27Jul 28$0.0748.2%15.4%
$796.00Jul 31Aug 21$0.0725.9%12.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$717.00Jul 27Jul 28$0.0672.1%24.2%
$718.00Jul 27Jul 28$0.0768.7%23.7%
$719.00Jul 27Jul 28$0.0773.4%23.1%
$720.00Jul 27Jul 28$0.0969.7%22.7%
$721.00Jul 27Jul 28$0.1166.0%22.3%

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$0.75$0.99$1.74$735.26$738.740.24%
$736.00Jul 27$1.33$0.56$1.89$734.11$737.890.26%
$738.00Jul 27$0.37$1.61$1.98$736.02$739.980.27%
$735.00Jul 27$2.08$0.31$2.39$732.61$737.390.32%
$739.00Jul 27$0.17$2.41$2.58$736.42$741.580.35%
$734.00Jul 27$2.93$0.17$3.10$730.90$737.100.42%
$740.00Jul 27$0.09$3.32$3.41$736.59$743.410.46%
$733.00Jul 27$3.86$0.09$3.95$729.05$736.950.54%
$741.00Jul 27$0.06$4.29$4.35$736.65$745.350.59%
$732.00Jul 27$4.87$0.05$4.92$727.08$736.920.67%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 395 found (cheapest 0.02% of stock, avg 1.95%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$740.00$733.00Jul 27$0.09$0.09$0.18$732.82$740.18
$741.00$733.00Jul 27$0.06$0.09$0.15$732.85$741.15
$741.00$734.00Jul 27$0.06$0.17$0.23$733.77$741.23
$739.00$733.00Jul 27$0.17$0.09$0.26$732.74$739.26
$740.00$734.00Jul 27$0.09$0.17$0.26$733.74$740.26
$739.00$734.00Jul 27$0.17$0.17$0.34$733.66$739.34
$740.00$735.00Jul 27$0.09$0.31$0.40$734.60$740.40
$741.00$735.00Jul 27$0.06$0.31$0.37$734.63$741.37
$738.00$733.00Jul 27$0.37$0.09$0.46$732.54$738.46
$738.00$734.00Jul 27$0.37$0.17$0.54$733.46$738.54

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 435 found (best R:R 49.00, avg credit $2.70)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
680/685690/695Aug 7$4.90$0.1049.00$680.10$694.90
645/650665/670Aug 28$4.88$0.1240.67$645.12$669.88
640/645665/670Aug 28$4.87$0.1337.46$640.13$669.87
635/640665/670Aug 28$4.86$0.1434.71$635.14$669.86
680/685695/700Aug 7$4.84$0.1630.25$680.16$699.84
670/675680/685Aug 14$4.83$0.1728.41$670.17$684.83
680/685690/697Aug 14$6.76$0.2428.17$678.24$696.76
665/670680/685Aug 14$4.80$0.2024.00$665.20$684.80
675/680690/697Aug 14$6.72$0.2824.00$673.28$696.72
670/675690/697Aug 14$6.69$0.3121.58$668.31$696.69

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 230 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$600.00$605.00$610.00Jul 31$0.05$4.9599.00
$625.00$630.00$635.00Jul 27$0.06$4.9482.33
$635.00$640.00$645.00Jul 27$0.06$4.9482.33
$655.00$660.00$665.00Jul 27$0.06$4.9482.33
$685.00$690.00$695.00Aug 7$0.06$4.9482.33
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
$690.00$695.00$700.00Aug 4$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

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 915 found (best net $-0.02, 907 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 2.31%, avg 0.57%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$737.00Sep 4$17.020.510.0%2.31%2.34%7154
$738.00Sep 4$16.380.500.2%2.22%2.39%9922
$739.00Sep 4$15.750.490.3%2.14%2.44%18565
$737.00Aug 31$15.680.510.0%2.13%2.16%238313
$737.00Aug 28$15.280.510.0%2.07%2.11%246148
$740.00Sep 4$15.120.470.4%2.05%2.49%29779
$738.00Aug 31$15.040.490.2%2.04%2.21%344417
$738.00Aug 28$14.640.500.2%1.99%2.16%373149
$741.00Sep 4$14.510.470.6%1.97%2.55%2278
$739.00Aug 31$14.410.480.3%1.96%2.26%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 5,389,421
Total Puts 5,576,449
Put/Call Ratio 1.03
Net Difference -187,028

Prior's Put/Call Breakdown

Total Calls 4,714,561
Total Puts 5,864,835
Put/Call Ratio 1.24
Net Difference -1,150,274

Prior 7-Day Put/Call Summary

Total Calls 37,094,395
Total Puts 39,617,775
Average Put/Call Ratio 1.06
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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