Tour v422
SPY
State Street SPDR S&P 500 ETF Trust
$739.09 +0.02%
$739.49 (+0.05%)🌙
as of 07/27 04:00 PM
7/27 16:00

Option Volume

Detail
Current (07/27 4:00pm) 12,998,727
Calls: 6,440,639 (50%)
Puts: 6,558,088 (50%)
Prior (07/24) 12,926,228
Calls: 5,761,546 (45%)
Puts: 7,164,682 (55%)
Current vs Prior +0.56%
Calls: +11.79% (Calls)
Puts: -8.47% (Puts)
Prior 7-Day Total 88,731,023
Calls: 43,317,801 (49%)
Puts: 45,413,222 (51%)
Prior 7-Day Average 12,675,860
Calls: 6,188,257 (49%)
Puts: 6,487,603 (51%)
Current vs Prior 7-Day Avg +2.55%
Calls: +4.08%
Puts: +1.09%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/27 4:00pm) $1.65B
Calls: $748.32M (45%)
Puts: $898.94M (55%)
Prior (07/24) $1.62B
Calls: $496.60M (31%)
Puts: $1.13B (69%)
Current vs Prior +1.47%
Calls: +50.69%
Puts: -20.22%
Prior 7-Day Total $11.54B
Calls: $4.62B (40%)
Puts: $6.92B (60%)
Prior 7-Day Average $1.65B
Calls: $659.56M (40%)
Puts: $988.58M (60%)
Current vs Prior 7-Day Avg -0.05%
Calls: +13.46%
Puts: -9.07%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/27 4:00pm) 1.02
Prior (07/24) 1.24
Current vs Prior -18.12%
Prior 7-Day Average 1.05
Current vs Prior 7-Day Avg -3.06%
Sentiment BEARISH

Open Interest

Detail
Current (07/27 4:00pm) 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
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 0.19% | 0.72%0.19% | 1.12%1.66% | 2.33%3.31% | 4.83%
Prior 0.79% | 1.03%0.16% | 0.79%0.16% | 1.86%3.48% | 5.01%
Current vs Prior -8.60% | +8.62%+24.08% | +42.33%+957.39% | +25.16%-4.96% | -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 -8.60% | +8.62%+24.08% | +42.33%+957.39% | +25.16%-4.96% | -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 -8.60% | +8.62%-75.31% | -17.27%-10.72% | -6.49%-4.96% | -3.61%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 0.94% | 0.48%
Calls: 1.09% | 0.47%
Puts: 0.78% | 0.50%
Prior 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs Prior -7.84% | -27.27%
Prior 7-Day Avg 1.02% | 0.66%
Calls: 0.98% | 0.50%
Puts: 1.05% | 0.82%
Current vs 7-Day Avg -7.84% | -27.27%
Liquidity Excellent
+
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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 NEUTRAL
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
16:00BEARISHNEUTRALBEARISH
15:55BEARISHNEUTRALBEARISH
15:50BEARISHNEUTRALBEARISH
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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 2,366 of results (avg 2.6%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31139.96140.03$140.000.0%161.006.3K
$700.00Jul 3140.2240.30$40.260.2%1070.976.6K
$738.00Jul 294.904.91$4.910.2%11.4K0.56869
$740.00Aug 2112.7012.74$12.720.3%8.6K0.506.4K
$740.00Aug 3115.0315.08$15.060.3%9760.502.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$682.00Aug 312.802.81$2.810.4%3370.11711
$695.00Aug 212.642.65$2.650.4%1.3K0.1315.5K
$678.00Aug 312.562.57$2.570.4%5350.10817
$693.00Aug 212.492.50$2.500.4%3090.121.2K
$676.00Aug 312.452.46$2.460.4%5080.10692

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 527 found (avg $0.39, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$749.00Jul 280.050.06$0.0616.7%13.6K0.032.2K
$754.00Jul 290.050.06$0.0616.7%1.8K0.021.4K
$764.00Aug 30.050.06$0.0616.7%9780.01453
$766.00Aug 40.050.06$0.0616.7%2120.0198
$768.00Aug 50.050.06$0.0616.7%10.0118
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$723.00Jul 280.050.06$0.0616.7%13.9K0.021.6K
$706.00Jul 290.050.06$0.0616.7%1820.01239
$707.00Jul 290.050.06$0.0616.7%3570.01220
$670.00Jul 310.050.06$0.0616.7%1.1K0.0110.4K
$671.00Jul 310.050.06$0.0616.7%230.01591

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,206 found (avg delta 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$595.00Jul 27143.03145.84$144.441.9%41.00--
$600.00Jul 27138.03140.84$139.442.0%41.00--
$605.00Jul 27133.06135.85$134.452.1%21.00--
$610.00Jul 27128.06130.85$129.452.2%21.00--
$615.00Jul 27123.06125.85$124.462.2%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$741.00Jul 271.531.62$1.585.7%166.7K1.006.8K
$742.00Jul 272.462.88$2.6715.7%141.7K1.007.8K
$743.00Jul 273.463.83$3.6510.1%135.4K1.003.6K
$744.00Jul 274.444.63$4.544.2%104.6K1.001.7K
$745.00Jul 275.445.74$5.595.4%56.3K1.002.7K

Most actively traded options today. High liquidity = easy entry/exit. 2,825 active (total vol 12.9M, top 615.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 270.200.21$0.214.8%615.0K0.277.9K
$739.00Jul 270.690.73$0.715.6%562.7K0.647.2K
$738.00Jul 271.551.58$1.571.9%496.9K0.873.9K
$741.00Jul 270.040.05$0.0520.0%466.8K0.078.5K
$742.00Jul 270.010.02$0.0250.0%417.0K0.037.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$737.00Jul 270.020.03$0.0333.3%586.7K0.064.9K
$736.00Jul 270.020.03$0.0333.3%529.4K0.038.1K
$738.00Jul 270.060.07$0.0714.3%483.1K0.146.1K
$735.00Jul 270.010.02$0.0250.0%459.1K0.027.6K
$739.00Jul 270.210.22$0.224.5%371.4K0.409.5K

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 748.1%, max 3705.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$875.00Jul 27Sep 4673.9%17.7%3705.4%--58
$870.00Jul 27Sep 4652.7%17.2%3697.8%--529
$860.00Jul 27Aug 31609.9%17.0%3492.2%242.7K
$850.00Jul 27Aug 31566.4%15.8%3491.6%52.8K
$840.00Jul 27Aug 31522.0%15.1%3366.0%1238.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$800.00Jul 27Aug 31335.5%11.9%2723.4%52
$595.00Jul 27Sep 4865.1%34.9%2379.8%12261
$605.00Jul 27Sep 4802.9%33.3%2309.2%476
$615.00Jul 27Sep 4741.5%31.8%2231.6%1108
$620.00Jul 27Sep 4711.0%31.1%2189.5%277

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,038 found (best R:R 49.00, avg 3.99)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$790.00$795.00Aug 28$0.11$4.89$0.1144.45$790.11
$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
$746.00$747.00Jul 28$0.10$0.90$0.109.00$746.10
$750.00$751.00Jul 29$0.10$0.90$0.109.00$750.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$690.00$685.00Aug 6$0.10$4.90$0.1049.00$689.90
$645.00$640.00Aug 28$0.10$4.90$0.1049.00$644.90
$695.00$690.00Aug 5$0.11$4.89$0.1144.45$694.89
$650.00$645.00Aug 28$0.11$4.89$0.1144.45$649.89
$635.00$630.00Sep 4$0.11$4.89$0.1144.45$634.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,393 found (best R:R 124.00, avg 2.48)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$630.00$685.00Aug 6$54.56$54.56$0.44124.00$684.56
$650.00$670.00Aug 7$19.83$19.83$0.17116.65$669.83
$625.00$650.00Aug 7$24.75$24.75$0.2599.00$649.75
$615.00$625.00Aug 31$9.90$9.90$0.1099.00$624.90
$660.00$700.00Aug 4$39.55$39.55$0.4587.89$699.55
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$770.00$762.00Aug 3$7.83$7.83$0.1746.06$762.17
$774.00$771.00Jul 31$2.90$2.90$0.1029.00$771.10
$760.00$758.00Aug 4$1.90$1.90$0.1019.00$758.10
$760.00$755.00Aug 10$4.72$4.72$0.2816.86$755.28
$748.00$747.00Aug 31$0.90$0.90$0.109.00$747.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 213 found (avg debit $1.47, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$620.00Jul 27Jul 31$0.06711.0%56.2%
$799.00Jul 31Aug 21$0.0623.7%12.2%
$719.00Jul 27Jul 29$0.07130.8%22.7%
$797.00Jul 31Aug 21$0.0723.0%12.1%
$798.00Jul 31Aug 21$0.0723.4%12.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$748.00Jul 27Jul 28$0.0559.3%12.7%
$724.00Jul 27Jul 28$0.06101.0%20.0%
$750.00Jul 27Jul 28$0.0771.4%13.0%
$725.00Jul 27Jul 28$0.0895.0%19.7%
$749.00Jul 27Jul 28$0.0965.4%12.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,186 found (cheapest 0.13% of stock, avg 5.22%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$739.00Jul 27$0.71$0.22$0.93$738.07$739.930.13%
$740.00Jul 27$0.21$0.73$0.94$739.06$740.940.13%
$738.00Jul 27$1.57$0.07$1.64$736.36$739.640.22%
$741.00Jul 27$0.05$1.58$1.63$739.37$742.630.22%
$737.00Jul 27$2.52$0.03$2.55$734.45$739.550.35%
$742.00Jul 27$0.02$2.67$2.69$739.31$744.690.36%
$736.00Jul 27$3.37$0.03$3.40$732.60$739.400.46%
$743.00Jul 27$0.01$3.65$3.66$739.34$746.660.50%
$735.00Jul 27$4.43$0.02$4.45$730.55$739.450.60%
$744.00Jul 27$0.01$4.54$4.55$739.45$748.550.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 381 found (cheapest 0.01% of stock, avg 1.89%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$741.00$737.00Jul 27$0.05$0.03$0.08$736.92$741.08
$741.00$738.00Jul 27$0.05$0.07$0.12$737.88$741.12
$740.00$737.00Jul 27$0.21$0.03$0.24$736.76$740.24
$740.00$738.00Jul 27$0.21$0.07$0.28$737.72$740.28
$741.00$739.00Jul 27$0.05$0.22$0.27$738.73$741.27
$740.00$739.00Jul 27$0.21$0.22$0.43$738.57$740.43
$744.00$735.00Jul 28$0.63$0.96$1.59$733.41$745.59
$743.00$735.00Jul 28$0.92$0.96$1.88$733.12$744.88
$744.00$736.00Jul 28$0.63$1.19$1.82$734.18$745.82
$744.00$737.00Jul 28$0.63$1.46$2.09$734.91$746.09

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 370 found (best R:R 49.00, avg credit $2.87)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
640/645665/670Aug 28$4.90$0.1049.00$640.10$669.90
670/675685/690Aug 28$4.88$0.1240.67$670.12$689.88
660/665675/680Sep 4$4.88$0.1240.67$660.12$679.88
665/670685/690Aug 28$4.85$0.1532.33$665.15$689.85
675/680685/690Aug 14$4.84$0.1630.25$675.16$689.84
655/660675/680Sep 4$4.84$0.1630.25$655.16$679.84
660/665685/690Aug 28$4.83$0.1728.41$660.17$689.83
630/635640/675Sep 4$33.81$1.1928.41$601.19$673.81
650/655675/680Sep 4$4.83$0.1728.41$650.17$679.83
670/675685/690Aug 14$4.82$0.1826.78$670.18$689.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 337 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$770.00$775.00$780.00Aug 10$0.05$4.9599.00
$785.00$790.00$795.00Aug 28$0.06$4.9482.33
$790.00$795.00$800.00Aug 28$0.06$4.9482.33
$605.00$610.00$615.00Aug 31$0.08$4.9261.50
$600.00$605.00$610.00Aug 21$0.10$4.9049.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$690.00$695.00$700.00Aug 5$0.05$4.9599.00
$685.00$690.00$695.00Aug 10$0.05$4.9599.00
$675.00$680.00$685.00Aug 28$0.05$4.9599.00
$690.00$695.00$700.00Aug 10$0.06$4.9482.33
$695.00$700.00$705.00Aug 10$0.07$4.9370.43

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 916 found (best net $-0.97, 905 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$630.00$685.001:2Aug 6-$0.97$54.03
$660.00$700.001:2Aug 4-$0.87$39.13
$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
$645.00$600.001:2Aug 5$0.00$45.00
$655.00$640.001:2Jul 28-$0.01$14.99
$660.00$645.001:2Aug 5-$0.05$14.95
$630.00$615.001:2Aug 6-$0.06$14.94
$645.00$635.001:2Jul 30$0.00$10.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 379 found (best yield 2.22%, avg 0.55%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$740.00Sep 4$16.400.510.1%2.22%2.34%42879
$741.00Sep 4$15.750.490.3%2.13%2.39%3378
$742.00Sep 4$15.110.480.4%2.04%2.44%270173
$740.00Aug 31$15.030.500.1%2.03%2.16%9762.3K
$740.00Aug 28$14.630.500.1%1.98%2.10%1.3K1.2K
$743.00Sep 4$14.490.480.5%1.96%2.49%15333
$741.00Aug 31$14.390.490.3%1.95%2.21%238273
$741.00Aug 28$13.990.490.3%1.89%2.15%436175
$744.00Sep 4$13.880.470.7%1.88%2.54%19320
$742.00Aug 31$13.760.480.4%1.86%2.26%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 6,440,639
Total Puts 6,558,088
Put/Call Ratio 1.02
Net Difference -117,449

Prior's Put/Call Breakdown

Total Calls 5,761,546
Total Puts 7,164,682
Put/Call Ratio 1.24
Net Difference -1,403,136

Prior 7-Day Put/Call Summary

Total Calls 43,317,801
Total Puts 45,413,222
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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