Tour v435
SPY
State Street SPDR S&P 500 ETF Trust
$737.72 -0.19%
(7/28 09:35) ◀
|
Tuesday, July 28, 2026 (9:40am)
January 2026
|
▶
◀ 7/28 09:40

Option Volume

Detail
ℹ
Current (07/28 9:40am) 478,793
Calls: 221,955 (46%)
Puts: 256,838 (54%)
Prior (07/27) 663,714
Calls: 316,976 (48%)
Puts: 346,738 (52%)
Current vs Prior -27.86%
Calls: -29.98% (Calls)
Puts: -25.93% (Puts)
Prior 7-Day Total 26,542,293
Calls: 12,470,179 (47%)
Puts: 14,072,114 (53%)
Prior 7-Day Average 8,847,431
Calls: 1,781,454 (47%)
Puts: 2,010,302 (53%)
Current vs Prior 7-Day Avg -94.59%
Calls: -87.54%
Puts: -87.22%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/28 9:40am) $77.08M
Calls: $29.55M (38%)
Puts: $47.53M (62%)
Prior (07/27) $107.14M
Calls: $55.67M (52%)
Puts: $51.47M (48%)
Current vs Prior -28.06%
Calls: -46.92%
Puts: -7.65%
Prior 7-Day Total $3.32B
Calls: $1.12B (34%)
Puts: $2.19B (66%)
Prior 7-Day Average $1.11B
Calls: $160.40M (34%)
Puts: $313.36M (66%)
Current vs Prior 7-Day Avg -93.03%
Calls: -81.58%
Puts: -84.83%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/28 9:40am) 1.16
Prior (07/27) 1.09
Current vs Prior +5.78%
Prior 7-Day Average 1.11
Current vs Prior 7-Day Avg +4.36%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/28 9:40am) 7,739,069
Calls: 2,264,374 (29%)
Puts: 5,474,695 (71%)
Prior (07/27) 7,554,153
Calls: 2,204,257 (29%)
Puts: 5,349,896 (71%)
Current vs Prior +2.45%
Prior 7-Day Total 23,228,271
Calls: 6,850,898 (29%)
Puts: 16,377,373 (71%)
Prior 7-Day Average 7,742,757
Calls: 2,283,632 (29%)
Puts: 5,459,124 (71%)
Current vs Prior 7-Day Avg -0.05%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/28) | Next (07/29)Expiry (07/29) | Next (07/31)Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 0.60% | 1.09%1.09% | 1.67%1.67% | 2.37%3.37% | 4.91%
Prior 0.70% | 1.11%0.18% | 1.11%1.64% | 2.31%3.29% | 4.82%
Current vs Prior -14.46% | -1.77%+510.97% | +50.47%+1.84% | +2.59%+2.45% | +1.99%
Prior 7-Day Avg 0.75% | 1.07%0.17% | 0.95%0.90% | 2.09%3.39% | 4.91%
Current vs 7-Day Avg -19.35% | +1.76%+550.30% | +75.96%+85.90% | +13.70%-0.39% | -0.03%
Prior 7-Day Eod 0.70% | 1.11%0.18% | 1.11%1.64% | 2.31%3.29% | 4.82%
Current vs 7-Day Eod -14.46% | -1.77%+510.97% | +50.47%+1.84% | +2.59%+2.45% | +1.99%
Sentiment BULLISHBEARISHBEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 0.69% | 0.50%
Calls: 0.42% | 0.47%
Puts: 0.97% | 0.53%
Prior 1.68% | 0.73%
Calls: 0.82% | 0.75%
Puts: 2.54% | 0.71%
Current vs Prior -58.93% | -31.51%
Prior 7-Day Avg 1.35% | 0.70%
Calls: 0.90% | 0.62%
Puts: 1.79% | 0.76%
Current vs 7-Day Avg -48.89% | -28.06%
Liquidity Excellent
+
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🤖 AI Insights

Moderately bearish flow with 62% put dollar volume ($47.53M). Slightly bearish P/C ratio of 1.16. Put-heavy open interest (5,474,695 puts vs 2,264,374 calls) suggests hedging or bearish positioning.

Smart Money BEARISH
Retail Flow BEARISH
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
09:40BEARISHBEARISHBEARISH
09:35BEARISHNEUTRALBEARISH

📈 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 2,179 of results (avg 1.9%, best 0.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31138.14138.20$138.170.0%--1.006.3K
$700.00Jul 3138.4138.47$38.440.2%210.976.7K
$740.00Aug 2111.7911.81$11.800.2%2630.487.6K
$690.00Aug 2152.2952.41$52.350.2%--0.885.6K
$738.00Aug 2113.0313.06$13.050.2%3990.512.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$734.00Jul 314.274.28$4.280.2%2840.398.2K
$720.00Aug 103.653.66$3.660.3%20.24168
$727.00Aug 43.433.44$3.440.3%--0.28139
$742.00Aug 2112.7712.81$12.790.3%--0.542.1K
$740.00Jul 283.183.19$3.190.3%6.4K0.689.8K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 500 found (avg $0.38, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$753.00Jul 290.050.06$0.0616.7%750.0211.6K
$758.00Jul 300.050.06$0.0616.7%50.021.4K
$764.00Aug 30.050.06$0.0616.7%--0.011.1K
$766.00Aug 40.050.06$0.0616.7%--0.01163
$769.00Aug 60.050.06$0.0616.7%--0.0131
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$710.00Jul 290.050.06$0.0616.7%50.013.5K
$690.00Jul 300.050.06$0.0616.7%310.01571
$674.00Jul 310.050.06$0.0616.7%--0.01312
$675.00Jul 310.050.06$0.0616.7%20.017.1K
$676.00Jul 310.050.06$0.0616.7%--0.01702

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 891 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$670.00Jul 2866.3569.13$67.744.1%--1.0016
$680.00Jul 2856.3559.13$57.744.8%--1.0011
$690.00Jul 2847.6849.12$48.403.0%--1.0027
$709.00Jul 2828.6830.12$29.404.9%--1.0015
$710.00Jul 2827.6829.12$28.405.1%--1.0040
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$753.00Jul 2914.0315.36$14.709.0%51.008
$754.00Jul 2915.0217.54$16.2815.5%11.001
$755.00Jul 2915.9318.59$17.2615.4%--1.0010
$757.00Jul 2917.9320.66$19.3014.1%21.00--
$758.00Jul 2918.9321.70$20.3113.6%131.00--

Most actively traded options today. High liquidity = easy entry/exit. 1,385 active (total vol 478.0K, top 30.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 280.920.93$0.931.1%27.0K0.3212.3K
$739.00Jul 281.311.32$1.320.8%20.4K0.404.8K
$742.00Jul 280.390.40$0.402.5%16.0K0.178.0K
$741.00Jul 280.610.62$0.621.6%15.5K0.245.3K
$738.00Jul 281.801.81$1.810.6%14.4K0.484.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$738.00Jul 282.052.07$2.061.0%30.0K0.528.1K
$737.00Jul 281.631.64$1.630.6%23.1K0.449.0K
$736.00Jul 281.281.29$1.290.8%18.5K0.367.4K
$735.00Jul 280.991.00$1.001.0%17.0K0.309.3K
$739.00Jul 282.572.58$2.580.4%16.8K0.606.3K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 342 strikes (avg 153.8%, max 939.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$870.00Jul 28Sep 4182.3%17.5%939.3%--502
$860.00Jul 28Aug 31170.5%16.7%923.8%--3.1K
$865.00Jul 28Aug 28176.5%18.0%882.0%--355
$850.00Jul 28Aug 31158.5%16.2%879.6%--3.0K
$840.00Jul 28Aug 31146.3%15.0%878.0%--8.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$600.00Jul 28Sep 4227.9%34.4%563.3%--341
$605.00Jul 28Aug 31219.4%34.1%543.7%--21.4K
$615.00Jul 28Aug 31202.4%32.5%522.9%--2.6K
$620.00Jul 28Aug 31194.0%31.7%511.8%21.7K
$625.00Jul 28Sep 4185.6%30.5%507.8%--138

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,075 found (best R:R 75.92, avg 4.03)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$785.00$790.00Aug 28$0.15$4.85$0.1532.33$785.15
$765.00$767.00Aug 10$0.11$1.89$0.1117.18$765.11
$757.00$758.00Aug 4$0.10$0.90$0.109.00$757.10
$761.00$762.00Aug 7$0.10$0.90$0.109.00$761.10
$775.00$776.00Aug 28$0.10$0.90$0.109.00$775.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$610.00$600.00Sep 4$0.13$9.87$0.1375.92$609.87
$625.00$610.00Sep 4$0.25$14.75$0.2559.00$624.75
$690.00$685.00Aug 6$0.11$4.89$0.1144.45$689.89
$645.00$640.00Aug 28$0.11$4.89$0.1144.45$644.89
$700.00$695.00Aug 3$0.12$4.88$0.1240.67$699.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,406 found (best R:R 89.91, avg 2.01)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$650.00$670.00Aug 7$19.78$19.78$0.2289.91$669.78
$635.00$655.00Aug 14$19.74$19.74$0.2675.92$654.74
$615.00$625.00Aug 31$9.83$9.83$0.1757.82$624.83
$626.00$633.00Aug 31$6.87$6.87$0.1352.85$632.87
$630.00$635.00Aug 21$4.90$4.90$0.1049.00$634.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$765.00$762.00Aug 7$2.88$2.88$0.1224.00$762.12
$775.00$770.00Aug 28$4.75$4.75$0.2519.00$770.25
$774.00$772.00Aug 31$1.90$1.90$0.1019.00$772.10
$759.00$756.00Aug 6$2.77$2.77$0.2312.04$756.23
$751.00$750.00Jul 30$0.90$0.90$0.109.00$750.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 237 found (avg debit $1.71, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$798.00Jul 31Aug 21$0.0529.3%12.6%
$797.00Jul 31Aug 21$0.0626.2%12.4%
$752.00Jul 28Jul 29$0.0725.6%16.7%
$796.00Jul 31Aug 21$0.0725.8%12.4%
$680.00Jul 28Jul 29$0.1096.1%49.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$711.00Jul 28Jul 29$0.0646.6%28.9%
$712.00Jul 28Jul 29$0.0744.9%28.5%
$767.00Aug 7Aug 14$0.0711.9%12.2%
$713.00Jul 28Jul 29$0.0843.3%28.0%
$714.00Jul 28Jul 29$0.0846.7%27.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 890 found (cheapest 0.52% of stock, avg 5.04%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$738.00Jul 28$1.81$2.06$3.87$734.13$741.870.52%
$739.00Jul 28$1.32$2.58$3.90$735.10$742.900.53%
$737.00Jul 28$2.38$1.63$4.01$732.99$741.010.54%
$740.00Jul 28$0.93$3.19$4.12$735.88$744.120.56%
$736.00Jul 28$3.03$1.29$4.32$731.68$740.320.59%
$741.00Jul 28$0.62$3.87$4.49$736.51$745.490.61%
$735.00Jul 28$3.74$1.00$4.74$730.26$739.740.64%
$742.00Jul 28$0.40$4.64$5.04$736.96$747.040.68%
$734.00Jul 28$4.51$0.78$5.29$728.71$739.290.72%
$743.00Jul 28$0.25$5.51$5.76$737.24$748.760.78%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 395 found (cheapest 0.14% of stock, avg 1.95%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$742.00$733.00Jul 28$0.40$0.60$1.00$732.00$743.00
$742.00$734.00Jul 28$0.40$0.78$1.18$732.82$743.18
$741.00$733.00Jul 28$0.62$0.60$1.22$731.78$742.22
$741.00$734.00Jul 28$0.62$0.78$1.40$732.60$742.40
$742.00$735.00Jul 28$0.40$1.00$1.40$733.60$743.40
$740.00$733.00Jul 28$0.93$0.60$1.53$731.47$741.53
$741.00$735.00Jul 28$0.62$1.00$1.62$733.38$742.62
$740.00$734.00Jul 28$0.93$0.78$1.71$732.29$741.71
$742.00$736.00Jul 28$0.40$1.29$1.69$734.31$743.69
$739.00$733.00Jul 28$1.32$0.60$1.92$731.08$740.92

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 687 found (best R:R 40.67, avg credit $1.99)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
670/675685/690Aug 14$4.88$0.1240.67$670.12$689.88
685/690700/710Aug 28$9.67$0.3329.30$680.33$709.67
680/685700/710Aug 28$9.60$0.4024.00$675.40$709.60
675/680700/710Aug 28$9.56$0.4421.73$670.44$709.56
670/675700/710Aug 28$9.52$0.4819.83$665.48$709.52
665/670700/710Aug 28$9.49$0.5118.61$660.51$709.49
660/665700/710Aug 28$9.46$0.5417.52$655.54$709.46
655/660700/710Aug 28$9.43$0.5716.54$650.57$709.43
650/655700/710Aug 28$9.42$0.5816.24$645.58$709.42
645/650700/710Aug 28$9.39$0.6115.39$640.61$709.39

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 179 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$625.00$630.00$635.00Aug 21$0.06$4.9482.33
$785.00$790.00$795.00Aug 28$0.06$4.9482.33
$640.00$645.00$650.00Aug 21$0.07$4.9370.43
$700.00$705.00$710.00Sep 4$0.07$4.9370.43
$675.00$680.00$685.00Aug 7$0.10$4.9049.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$690.00$695.00$700.00Aug 3$0.05$4.9599.00
$685.00$690.00$695.00Aug 6$0.05$4.9599.00
$690.00$695.00$700.00Aug 6$0.06$4.9482.33
$690.00$695.00$700.00Aug 11$0.06$4.9482.33
$680.00$685.00$690.00Aug 28$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. 875 found (best net $-0.01, 872 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$791.00$815.001:2Aug 6$0.00$24.00
$820.00$835.001:2Jul 28-$0.01$14.99
$820.00$835.001:2Aug 5-$0.01$14.99
$857.00$870.001:2Sep 4-$0.03$12.97
$709.00$724.001:2Aug 4-$4.07$10.93
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$650.00$615.001:2Aug 5-$0.01$34.99
$635.00$605.001:2Aug 6-$0.03$29.97
$645.00$620.001:2Aug 3-$0.02$24.98
$655.00$640.001:2Jul 28-$0.01$14.99
$650.00$635.001:2Aug 6-$0.06$14.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 408 found (best yield 2.26%, avg 0.56%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$738.00Sep 4$16.690.510.0%2.26%2.30%2544
$739.00Sep 4$16.100.500.2%2.18%2.36%--86
$740.00Sep 4$15.460.490.3%2.10%2.40%5270
$738.00Aug 31$15.370.510.0%2.08%2.12%14658
$738.00Aug 28$14.970.510.0%2.03%2.07%3262
$741.00Sep 4$14.840.470.4%2.01%2.46%--93
$739.00Aug 31$14.730.490.2%2.00%2.17%55996
$739.00Aug 28$14.330.500.2%1.94%2.12%1385
$742.00Sep 4$14.230.470.6%1.93%2.51%--381
$740.00Aug 31$14.100.480.3%1.91%2.22%632.4K

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 221,955
Total Puts 256,838
Put/Call Ratio 1.16
Net Difference -34,883

Prior's Put/Call Breakdown

Total Calls 316,976
Total Puts 346,738
Put/Call Ratio 1.09
Net Difference -29,762

Prior 7-Day Put/Call Summary

Total Calls 12,470,179
Total Puts 14,072,114
Average Put/Call Ratio 1.11
Ratio Trend Rising

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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