Tour v436
SPY
State Street SPDR S&P 500 ETF Trust
$737.25 -0.25%
(7/28 10:20) ◀
|
Tuesday, July 28, 2026 (10:25am)
January 2026
|
▶ (7/28 10:30)
◀ 7/28 10:25 ▶

Option Volume

Detail
ℹ
Current (07/28 10:25am) 2,506,750
Calls: 1,091,396 (44%)
Puts: 1,415,354 (56%)
Prior (07/27) 2,963,661
Calls: 1,338,470 (45%)
Puts: 1,625,191 (55%)
Current vs Prior -15.42%
Calls: -18.46% (Calls)
Puts: -12.91% (Puts)
Prior 7-Day Total 36,006,319
Calls: 16,537,137 (46%)
Puts: 19,469,182 (54%)
Prior 7-Day Average 5,143,759
Calls: 2,362,448 (46%)
Puts: 2,781,311 (54%)
Current vs Prior 7-Day Avg -51.27%
Calls: -53.80%
Puts: -49.11%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/28 10:25am) $384.30M
Calls: $153.60M (40%)
Puts: $230.69M (60%)
Prior (07/27) $573.49M
Calls: $112.22M (20%)
Puts: $461.27M (80%)
Current vs Prior -32.99%
Calls: +36.88%
Puts: -49.99%
Prior 7-Day Total $4.82B
Calls: $1.67B (35%)
Puts: $3.15B (65%)
Prior 7-Day Average $688.03M
Calls: $238.48M (35%)
Puts: $449.55M (65%)
Current vs Prior 7-Day Avg -44.15%
Calls: -35.59%
Puts: -48.68%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/28 10:25am) 1.30
Prior (07/27) 1.21
Current vs Prior +6.80%
Prior 7-Day Average 1.27
Current vs Prior 7-Day Avg +2.31%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/28 10:25am) 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 54,184,547
Calls: 15,908,394 (29%)
Puts: 38,276,153 (71%)
Prior 7-Day Average 7,740,649
Calls: 2,272,627 (29%)
Puts: 5,468,021 (71%)
Current vs Prior 7-Day Avg -0.02%
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 0.54% | 1.06%1.06% | 1.62%1.62% | 2.30%3.29% | 4.83%
Prior 0.70% | 1.11%0.18% | 1.11%1.64% | 2.31%3.29% | 4.82%
Current vs Prior -22.88% | -4.51%+493.90% | +45.44%-1.57% | -0.39%-0.08% | +0.25%
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 -27.30% | -1.09%+532.12% | +70.07%+79.68% | +10.39%-2.85% | -1.74%
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 -22.88% | -4.51%+493.90% | +45.44%-1.57% | -0.39%-0.08% | +0.25%
Sentiment BULLISHBEARISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 0.73% | 0.52%
Calls: 0.53% | 0.52%
Puts: 0.94% | 0.51%
Prior 1.68% | 0.73%
Calls: 0.82% | 0.75%
Puts: 2.54% | 0.71%
Current vs Prior -56.55% | -28.77%
Prior 7-Day Avg 1.35% | 0.70%
Calls: 0.90% | 0.62%
Puts: 1.79% | 0.76%
Current vs 7-Day Avg -45.93% | -25.18%
Liquidity Excellent
+
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🤖 AI Insights

Moderately bearish flow with 60% put dollar volume ($230.69M). Bearish P/C ratio of 1.30 indicates protective positioning. 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 BEARISH
7-Day Avg BEARISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
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
10:25BEARISHBEARISHBEARISH
10:20BEARISHBEARISHBEARISH
10:15BEARISHBEARISHBEARISH
10:10BEARISHBEARISHBEARISH
10:05BEARISHBEARISHBEARISH
10:00BEARISHBEARISHBEARISH
09:55BEARISHBEARISHBEARISH
09:50BEARISHBEARISHBEARISH
09:45BEARISHBEARISHBEARISH
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 2,261 of results (avg 2.2%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31137.63137.71$137.670.1%--1.006.3K
$700.00Jul 3137.9137.98$37.940.2%450.976.7K
$739.00Sep 415.5315.57$15.550.3%1380.4986
$740.00Sep 414.9014.94$14.920.3%2730.48270
$690.00Aug 2151.6951.83$51.760.3%40.895.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$719.00Aug 103.373.38$3.380.3%40.23--
$743.00Aug 2113.2013.24$13.220.3%3790.573.2K
$738.00Aug 3112.8512.89$12.870.3%2680.501.2K
$736.00Jul 293.103.11$3.110.3%10.4K0.452.9K
$744.00Aug 3115.3015.35$15.330.3%--0.57988

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 549 found (avg $0.38, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$745.00Jul 280.050.06$0.0616.7%40.0K0.0317.7K
$757.00Jul 300.050.06$0.0616.7%170.021.6K
$761.00Jul 310.050.06$0.0616.7%310.019.4K
$763.00Aug 30.050.06$0.0616.7%4450.014.0K
$765.00Aug 40.050.06$0.0616.7%10.01329
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$708.00Jul 290.050.06$0.0616.7%2000.014.3K
$709.00Jul 290.050.06$0.0616.7%2690.011.7K
$690.00Jul 300.050.06$0.0616.7%440.01571
$669.00Jul 310.050.06$0.0616.7%4790.01548
$670.00Jul 310.050.06$0.0616.7%1050.0110.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 982 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$670.00Jul 2865.4768.91$67.195.1%101.0016
$680.00Jul 2855.4658.96$57.216.1%31.0011
$690.00Jul 2846.4947.92$47.213.0%--1.0027
$700.00Jul 2837.1037.46$37.281.0%131.006
$701.00Jul 2836.1036.47$36.281.0%111.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$758.00Jul 3120.0621.71$20.897.9%71.0014
$759.00Jul 3120.5022.79$21.6510.6%201.0034
$760.00Jul 3122.0623.53$22.806.4%131.00265
$761.00Jul 3121.9625.65$23.8115.5%21.0013
$762.00Jul 3123.0526.54$24.8014.1%21.00--

Most actively traded options today. High liquidity = easy entry/exit. 2,125 active (total vol 2.5M, top 161.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$738.00Jul 281.361.37$1.370.7%124.3K0.424.5K
$740.00Jul 280.610.62$0.621.6%116.3K0.2412.3K
$739.00Jul 280.940.95$0.951.1%111.0K0.334.8K
$737.00Jul 281.871.88$1.880.5%79.6K0.513.7K
$741.00Jul 280.380.39$0.392.6%76.0K0.175.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$736.00Jul 281.241.26$1.251.6%161.7K0.407.4K
$737.00Jul 281.641.65$1.650.6%137.2K0.499.0K
$735.00Jul 280.930.94$0.941.1%126.2K0.329.3K
$734.00Jul 280.690.70$0.701.4%95.1K0.263.5K
$733.00Jul 280.510.52$0.521.9%79.6K0.206.3K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 349 strikes (avg 173.7%, max 1004.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$870.00Jul 28Sep 4194.8%17.6%1004.1%--502
$860.00Jul 28Aug 31182.3%16.7%988.3%--3.1K
$840.00Jul 28Sep 4156.5%14.7%964.7%8420
$865.00Jul 28Aug 28188.6%18.1%942.9%--355
$850.00Jul 28Aug 31169.5%16.3%940.6%--3.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$600.00Jul 28Sep 4241.1%34.0%608.3%--341
$605.00Jul 28Aug 31232.0%33.7%587.9%--21.4K
$615.00Jul 28Aug 31214.0%32.2%564.8%--2.6K
$620.00Jul 28Sep 4205.1%31.0%562.0%1363
$782.00Jul 28Aug 2175.7%11.6%555.1%315

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 1,064 found (best R:R 89.91, avg 4.22)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$770.00$780.00Aug 11$0.11$9.89$0.1189.91$770.11
$785.00$790.00Aug 28$0.13$4.87$0.1337.46$785.13
$765.00$770.00Aug 11$0.22$4.78$0.2221.73$765.22
$758.00$759.00Aug 6$0.10$0.90$0.109.00$758.10
$760.00$761.00Aug 7$0.10$0.90$0.109.00$760.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$610.00$600.00Sep 4$0.13$9.87$0.1375.92$609.87
$620.00$610.00Sep 4$0.15$9.85$0.1565.67$619.85
$630.00$625.00Sep 4$0.10$4.90$0.1049.00$629.90
$690.00$685.00Aug 6$0.11$4.89$0.1144.45$689.89
$680.00$675.00Aug 11$0.11$4.89$0.1144.45$679.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,423 found (best R:R 116.65, avg 2.18)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$680.00$700.00Aug 3$19.83$19.83$0.17116.65$699.83
$640.00$709.00Aug 4$68.05$68.05$0.9571.63$708.05
$635.00$655.00Aug 14$19.72$19.72$0.2870.43$654.72
$600.00$605.00Jul 31$4.90$4.90$0.1049.00$604.90
$615.00$625.00Aug 31$9.80$9.80$0.2049.00$624.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$766.00$759.00Aug 5$6.86$6.86$0.1449.00$759.14
$775.00$770.00Aug 28$4.84$4.84$0.1630.25$770.16
$780.00$775.00Aug 31$4.81$4.81$0.1925.32$775.19
$765.00$762.00Aug 7$2.87$2.87$0.1322.08$762.13
$753.00$751.00Sep 4$1.88$1.88$0.1215.67$751.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 237 found (avg debit $1.60, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$752.00Jul 28Jul 29$0.0628.4%17.2%
$796.00Jul 31Aug 21$0.0626.2%12.3%
$797.00Jul 31Aug 21$0.0626.6%12.5%
$751.00Jul 28Jul 29$0.0730.1%17.0%
$701.00Jul 28Jul 29$0.0865.4%35.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$710.00Jul 28Jul 29$0.0650.0%29.5%
$711.00Jul 28Jul 29$0.0748.3%29.2%
$712.00Jul 28Jul 29$0.0846.6%28.7%
$713.00Jul 28Jul 29$0.0944.8%28.2%
$714.00Jul 28Jul 29$0.1048.3%28.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 971 found (cheapest 0.47% of stock, avg 5.03%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$738.00Jul 28$1.37$2.12$3.49$734.51$741.490.47%
$737.00Jul 28$1.88$1.65$3.53$733.47$740.530.48%
$739.00Jul 28$0.95$2.70$3.65$735.35$742.650.50%
$736.00Jul 28$2.49$1.25$3.74$732.26$739.740.51%
$740.00Jul 28$0.62$3.38$4.00$736.00$744.000.54%
$735.00Jul 28$3.18$0.94$4.12$730.88$739.120.56%
$741.00Jul 28$0.39$4.14$4.53$736.47$745.530.61%
$734.00Jul 28$3.94$0.70$4.64$729.36$738.640.63%
$742.00Jul 28$0.23$4.99$5.22$736.78$747.220.71%
$733.00Jul 28$4.76$0.52$5.28$727.72$738.280.72%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 400 found (cheapest 0.10% of stock, avg 1.91%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$742.00$733.00Jul 28$0.23$0.52$0.75$732.25$742.75
$741.00$733.00Jul 28$0.39$0.52$0.91$732.09$741.91
$742.00$734.00Jul 28$0.23$0.70$0.93$733.07$742.93
$740.00$733.00Jul 28$0.62$0.52$1.14$731.86$741.14
$741.00$734.00Jul 28$0.39$0.70$1.09$732.91$742.09
$742.00$735.00Jul 28$0.23$0.94$1.17$733.83$743.17
$740.00$734.00Jul 28$0.62$0.70$1.32$732.68$741.32
$741.00$735.00Jul 28$0.39$0.94$1.33$733.67$742.33
$739.00$733.00Jul 28$0.95$0.52$1.47$731.53$740.47
$742.00$736.00Jul 28$0.23$1.25$1.48$734.52$743.48

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 645 found (best R:R 30.25, avg credit $2.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
670/675680/685Aug 28$4.84$0.1630.25$670.16$684.84
680/685690/697Aug 14$6.74$0.2625.92$678.26$696.74
665/670680/685Aug 28$4.81$0.1925.32$665.19$684.81
660/665680/685Aug 28$4.79$0.2122.81$660.21$684.79
675/680690/697Aug 14$6.70$0.3022.33$673.30$696.70
670/675690/697Aug 14$6.68$0.3220.88$668.32$696.68
650/655680/685Aug 28$4.75$0.2519.00$650.25$684.75
655/660680/685Aug 28$4.75$0.2519.00$655.25$684.75
675/680685/695Aug 28$9.47$0.5317.87$670.53$694.47
640/645680/685Aug 28$4.71$0.2916.24$640.29$684.71

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 240 found (best R:R 141.86, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$680.00$690.00$700.00Jul 28$0.07$9.93141.86
$590.00$595.00$600.00Aug 31$0.06$4.9482.33
$595.00$600.00$605.00Aug 21$0.10$4.9049.00
$605.00$610.00$615.00Aug 21$0.11$4.8944.45
$690.00$695.00$700.00Aug 7$0.12$4.8840.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$690.00$695.00$700.00Aug 6$0.05$4.9599.00
$685.00$690.00$695.00Aug 10$0.05$4.9599.00
$680.00$685.00$690.00Aug 14$0.05$4.9599.00
$670.00$675.00$680.00Sep 4$0.05$4.9599.00
$690.00$695.00$700.00Aug 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. 927 found (best net $-0.01, 920 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$791.00$810.001:2Aug 6-$0.02$18.98
$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
$840.00$850.001:2Jul 28-$0.01$9.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$650.00$615.001:2Aug 5-$0.01$34.99
$635.00$605.001:2Aug 6-$0.01$29.99
$645.00$620.001:2Aug 3-$0.01$24.99
$655.00$640.001:2Jul 28-$0.01$14.99
$650.00$635.001:2Aug 6-$0.07$14.93

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 400 found (best yield 2.19%, avg 0.53%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$738.00Sep 4$16.160.500.1%2.19%2.29%17944
$739.00Sep 4$15.530.490.2%2.11%2.34%13886
$740.00Sep 4$14.900.480.4%2.02%2.39%273270
$738.00Aug 31$14.790.500.1%2.01%2.11%105658
$738.00Aug 28$14.390.500.1%1.95%2.05%21262
$741.00Sep 4$14.280.470.5%1.94%2.45%12393
$739.00Aug 31$14.160.480.2%1.92%2.16%81996
$739.00Aug 28$13.760.490.2%1.87%2.10%207385
$742.00Sep 4$13.680.470.6%1.86%2.50%17381
$740.00Aug 31$13.540.480.4%1.84%2.21%2262.4K

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 1,091,396
Total Puts 1,415,354
Put/Call Ratio 1.30
Net Difference -323,958

Prior's Put/Call Breakdown

Total Calls 1,338,470
Total Puts 1,625,191
Put/Call Ratio 1.21
Net Difference -286,721

Prior 7-Day Put/Call Summary

Total Calls 16,537,137
Total Puts 19,469,182
Average Put/Call Ratio 1.27
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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