Tour v421
SPY
State Street SPDR S&P 500 ETF Trust
$739.11 +0.02%
(7/27 15:45) ◀
|
Monday, July 27, 2026 (3:50pm)
January 2026
|
▶ (7/27 15:55)
◀ 7/27 15:50 ▶

Option Volume

Detail
ℹ
Current (07/27 3:50pm) 12,796,390
Calls: 6,336,426 (50%)
Puts: 6,459,964 (50%)
Prior (07/24) 12,448,532
Calls: 5,563,016 (45%)
Puts: 6,885,516 (55%)
Current vs Prior +2.79%
Calls: +13.90% (Calls)
Puts: -6.18% (Puts)
Prior 7-Day Total 87,327,372
Calls: 42,649,934 (49%)
Puts: 44,677,438 (51%)
Prior 7-Day Average 12,475,338
Calls: 6,092,847 (49%)
Puts: 6,382,491 (51%)
Current vs Prior 7-Day Avg +2.57%
Calls: +4.00%
Puts: +1.21%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27 3:50pm) $1.66B
Calls: $686.33M (41%)
Puts: $971.10M (59%)
Prior (07/24) $1.86B
Calls: $409.18M (22%)
Puts: $1.45B (78%)
Current vs Prior -10.76%
Calls: +67.73%
Puts: -32.94%
Prior 7-Day Total $11.53B
Calls: $4.87B (42%)
Puts: $6.67B (58%)
Prior 7-Day Average $1.65B
Calls: $695.46M (42%)
Puts: $952.24M (58%)
Current vs Prior 7-Day Avg +0.59%
Calls: -1.31%
Puts: +1.98%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27 3:50pm) 1.02
Prior (07/24) 1.24
Current vs Prior -17.63%
Prior 7-Day Average 1.05
Current vs Prior 7-Day Avg -2.82%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27 3:50pm) 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 0.23% | 0.73%0.23% | 1.14%1.68% | 2.35%3.32% | 4.83%
Prior 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs Prior -70.68% | -29.47%+47.39% | +44.22%+972.93% | +26.32%-4.65% | -3.61%
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 -70.68% | -29.47%+47.39% | +44.22%+972.93% | +26.32%-4.65% | -3.61%
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 -70.68% | -29.47%-70.67% | -16.17%-9.41% | -5.62%-4.65% | -3.61%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 3.09% | 1.46%
Calls: 1.64% | 0.77%
Puts: 4.55% | 2.14%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior +202.94% | +121.21%
Prior 7-Day Avg 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs 7-Day Avg +202.94% | +121.21%
Liquidity Good
+
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🤖 AI Insights

Slightly bearish P/C ratio of 1.02. 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 BULLISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
15:50BEARISHNEUTRALBEARISH
15:45BEARISHNEUTRALBEARISH
15:40BEARISHNEUTRALBEARISH
15:35BEARISHNEUTRALBEARISH
15:30BEARISHNEUTRALBEARISH
15:25BEARISHNEUTRALBEARISH
15:20BEARISHNEUTRALBEARISH
15:15BEARISHNEUTRALBEARISH
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15:00BEARISHNEUTRALBEARISH
14:55BEARISHNEUTRALBEARISH
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11:20BEARISHNEUTRALBEARISH
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11:00BEARISHBEARISHBEARISH
10:55BEARISHBEARISHBEARISH
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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 2,231 of results (avg 2.7%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Sep 416.2316.24$16.240.1%3770.4979
$741.00Sep 415.5915.60$15.600.1%330.4878
$739.00Aug 3115.5215.53$15.520.1%2250.511.0K
$600.00Jul 31139.55139.64$139.600.1%161.006.3K
$739.00Aug 2815.1215.13$15.130.1%4770.51212
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$745.00Aug 3115.0015.01$15.010.1%1.9K0.552.4K
$743.00Aug 3114.1614.17$14.170.1%4690.531.1K
$742.00Aug 3113.7613.77$13.770.1%170.52501
$741.00Aug 3113.3713.38$13.380.1%2450.521.1K
$739.00Aug 3112.6312.64$12.640.1%5290.49826

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 524 found (avg $0.38, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$741.00Jul 270.050.06$0.0616.7%464.3K0.098.5K
$749.00Jul 280.050.06$0.0616.7%13.1K0.032.2K
$762.00Jul 310.050.06$0.0616.7%2.0K0.018.7K
$766.00Aug 40.050.06$0.0616.7%2120.0198
$768.00Aug 50.050.06$0.0616.7%10.0118
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$721.00Jul 280.050.06$0.0616.7%8.9K0.023.1K
$722.00Jul 280.050.06$0.0616.7%11.5K0.02550
$704.00Jul 290.050.06$0.0616.7%1.3K0.01186
$705.00Jul 290.050.06$0.0616.7%1.3K0.01623
$685.00Jul 300.050.06$0.0616.7%110.01460

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,205 found (avg delta 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$595.00Jul 27142.62145.51$144.072.0%41.00--
$600.00Jul 27137.69140.47$139.082.0%41.00--
$605.00Jul 27132.69135.47$134.082.1%21.00--
$610.00Jul 27127.62130.51$129.072.2%21.00--
$615.00Jul 27122.69125.44$124.072.2%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$743.00Jul 273.804.20$4.0010.0%134.7K1.003.6K
$744.00Jul 274.845.19$5.027.0%104.6K1.001.7K
$745.00Jul 275.816.14$5.985.5%56.2K1.002.7K
$746.00Jul 276.827.18$7.005.1%19.4K1.002.0K
$747.00Jul 277.848.17$8.004.1%8.1K1.001.8K

Most actively traded options today. High liquidity = easy entry/exit. 2,810 active (total vol 12.8M, top 605.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 270.210.22$0.224.5%605.0K0.257.9K
$739.00Jul 270.600.61$0.611.6%550.3K0.527.2K
$738.00Jul 271.281.32$1.303.1%493.7K0.773.9K
$741.00Jul 270.050.06$0.0616.7%464.3K0.098.5K
$742.00Jul 270.010.02$0.0250.0%414.4K0.037.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$737.00Jul 270.060.07$0.0714.3%578.3K0.104.9K
$736.00Jul 270.030.04$0.0425.0%525.4K0.058.1K
$738.00Jul 270.180.19$0.195.3%475.0K0.236.1K
$735.00Jul 270.010.02$0.0250.0%456.8K0.027.6K
$739.00Jul 270.480.49$0.492.0%363.1K0.489.5K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 379 strikes (avg 746.7%, max 3683.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4675.4%17.9%3683.3%--58
$870.00Jul 27Sep 4654.2%17.3%3678.4%--529
$860.00Jul 27Aug 31611.4%17.0%3492.2%242.7K
$850.00Jul 27Aug 31567.9%15.8%3491.4%52.8K
$840.00Jul 27Aug 31523.5%15.1%3365.9%1238.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 31337.1%11.9%2736.1%52
$595.00Jul 27Sep 4863.7%34.8%2382.3%12261
$605.00Jul 27Sep 4801.5%33.2%2310.6%476
$615.00Jul 27Sep 4740.0%31.7%2234.4%1108
$620.00Jul 27Sep 4709.6%30.9%2194.9%277

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,012 found (best R:R 49.00, avg 4.03)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$785.00$790.00Aug 28$0.17$4.83$0.1728.41$785.17
$765.00$770.00Aug 10$0.27$4.73$0.2717.52$765.27
$762.00$763.00Aug 7$0.10$0.90$0.109.00$762.10
$776.00$777.00Aug 28$0.10$0.90$0.109.00$776.10
$755.00$756.00Jul 31$0.11$0.89$0.118.09$755.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$645.00$640.00Aug 28$0.10$4.90$0.1049.00$644.90
$700.00$695.00Aug 3$0.11$4.89$0.1144.45$699.89
$695.00$690.00Aug 5$0.11$4.89$0.1144.45$694.89
$685.00$680.00Aug 10$0.12$4.88$0.1240.67$684.88
$675.00$670.00Aug 14$0.12$4.88$0.1240.67$674.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,420 found (best R:R 207.33, avg 3.09)

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$54.58$54.58$0.42129.95$684.58
$650.00$670.00Aug 7$19.83$19.83$0.17116.65$669.83
$615.00$625.00Aug 31$9.89$9.89$0.1189.91$624.89
$635.00$655.00Aug 14$19.77$19.77$0.2385.96$654.77
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$780.00$773.00Aug 7$6.87$6.87$0.1352.85$773.13
$770.00$762.00Aug 3$7.84$7.84$0.1649.00$762.16
$770.00$760.00Jul 30$9.74$9.74$0.2637.46$760.26
$786.00$780.00Jul 31$5.84$5.84$0.1636.50$780.16
$765.00$760.00Aug 5$4.86$4.86$0.1434.71$760.14

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 223 found (avg debit $1.41, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$655.00Jul 27Jul 28$0.05500.8%71.7%
$703.00Jul 27Jul 28$0.06222.4%35.4%
$797.00Jul 31Aug 21$0.0723.1%12.2%
$798.00Jul 31Aug 21$0.0723.5%12.3%
$799.00Jul 31Aug 21$0.0723.8%12.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$781.00Jul 27Jul 28$0.05242.2%34.6%
$723.00Jul 27Jul 28$0.06105.3%20.7%
$724.00Jul 27Jul 28$0.0899.3%20.5%
$774.00Jul 27Jul 28$0.08205.9%29.5%
$780.00Jul 27Jul 31$0.09237.1%18.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,188 found (cheapest 0.15% of stock, avg 5.23%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$739.00Jul 27$0.61$0.49$1.10$737.90$740.100.15%
$740.00Jul 27$0.22$1.10$1.32$738.68$741.320.18%
$738.00Jul 27$1.30$0.19$1.49$736.51$739.490.20%
$741.00Jul 27$0.06$1.94$2.00$739.00$743.000.27%
$737.00Jul 27$2.18$0.07$2.25$734.75$739.250.30%
$742.00Jul 27$0.02$3.00$3.02$738.98$745.020.41%
$736.00Jul 27$3.03$0.04$3.07$732.93$739.070.42%
$743.00Jul 27$0.01$4.00$4.01$738.99$747.010.54%
$735.00Jul 27$4.17$0.02$4.19$730.81$739.190.57%
$740.00Jul 28$2.04$2.80$4.84$735.16$744.840.65%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 381 found (cheapest 0.02% of stock, avg 1.92%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$741.00$737.00Jul 27$0.06$0.07$0.13$736.87$741.13
$741.00$738.00Jul 27$0.06$0.19$0.25$737.75$741.25
$740.00$737.00Jul 27$0.22$0.07$0.29$736.71$740.29
$740.00$738.00Jul 27$0.22$0.19$0.41$737.59$740.41
$741.00$739.00Jul 27$0.06$0.49$0.55$738.45$741.55
$740.00$739.00Jul 27$0.22$0.49$0.71$738.29$740.71
$744.00$735.00Jul 28$0.56$1.08$1.64$733.36$745.64
$744.00$736.00Jul 28$0.56$1.32$1.88$734.12$745.88
$743.00$735.00Jul 28$0.83$1.08$1.91$733.09$744.91
$743.00$736.00Jul 28$0.83$1.32$2.15$733.85$745.15

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 355 found (best R:R 89.91, avg credit $3.04)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
645/650655/665Aug 28$9.89$0.1189.91$640.11$664.89
640/645655/665Aug 28$9.87$0.1375.92$635.13$664.87
655/660680/685Sep 4$4.89$0.1144.45$655.11$684.89
675/680685/690Aug 28$4.87$0.1337.46$675.13$689.87
650/655680/685Sep 4$4.87$0.1337.46$650.13$684.87
660/665675/680Sep 4$4.87$0.1337.46$660.13$679.87
670/675695/700Sep 4$4.87$0.1337.46$670.13$699.87
700/705710/715Aug 10$4.86$0.1434.71$700.14$714.86
670/675685/690Aug 28$4.85$0.1532.33$670.15$689.85
645/650680/685Sep 4$4.85$0.1532.33$645.15$684.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 309 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$635.00$640.00$645.00Aug 21$0.05$4.9599.00
$595.00$600.00$605.00Aug 31$0.05$4.9599.00
$770.00$775.00$780.00Aug 10$0.06$4.9482.33
$785.00$790.00$795.00Aug 28$0.07$4.9370.43
$680.00$685.00$690.00Aug 3$0.09$4.9154.56
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$685.00$690.00$695.00Aug 6$0.05$4.9599.00
$655.00$660.00$665.00Aug 28$0.05$4.9599.00
$680.00$685.00$690.00Aug 28$0.05$4.9599.00
$825.00$830.00$835.00Jul 27$0.06$4.9482.33
$690.00$695.00$700.00Aug 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. 914 found (best net $-0.88, 903 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$630.00$685.001:2Aug 6-$0.88$54.12
$660.00$700.001:2Aug 4-$0.95$39.05
$791.00$815.001:2Aug 6$0.00$24.00
$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
$630.00$615.001:2Aug 6-$0.07$14.93
$660.00$645.001:2Aug 5-$0.08$14.92
$645.00$635.001:2Jul 30$0.00$10.00
$605.00$595.001:2Jul 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. 378 found (best yield 2.20%, avg 0.54%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$740.00Sep 4$16.230.490.1%2.20%2.32%37779
$741.00Sep 4$15.590.480.3%2.11%2.37%3378
$742.00Sep 4$14.960.480.4%2.02%2.42%270173
$740.00Aug 31$14.870.500.1%2.01%2.13%9502.3K
$740.00Aug 28$14.470.500.1%1.96%2.08%1.3K1.2K
$743.00Sep 4$14.340.470.5%1.94%2.47%10333
$741.00Aug 31$14.240.480.3%1.93%2.18%238273
$741.00Aug 28$13.840.490.3%1.87%2.13%381175
$744.00Sep 4$13.730.460.7%1.86%2.52%14320
$742.00Aug 31$13.610.480.4%1.84%2.23%161353

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 6,336,426
Total Puts 6,459,964
Put/Call Ratio 1.02
Net Difference -123,538

Prior's Put/Call Breakdown

Total Calls 5,563,016
Total Puts 6,885,516
Put/Call Ratio 1.24
Net Difference -1,322,500

Prior 7-Day Put/Call Summary

Total Calls 42,649,934
Total Puts 44,677,438
Average Put/Call Ratio 1.05
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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Price — Past 7 Days

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