Tour v438
SPY
State Street SPDR S&P 500 ETF Trust
$737.43 -0.22%
(7/28 10:35) ◀
|
Tuesday, July 28, 2026 (10:40am)
January 2026
|
▶ (7/28 10:45)
◀ 7/28 10:40 ▶

Option Volume

Detail
ℹ
Current (07/28 10:40am) 3,018,374
Calls: 1,339,174 (44%)
Puts: 1,679,200 (56%)
Prior (07/27) 3,855,087
Calls: 1,768,282 (46%)
Puts: 2,086,805 (54%)
Current vs Prior -21.70%
Calls: -24.27% (Calls)
Puts: -19.53% (Puts)
Prior 7-Day Total 38,677,560
Calls: 17,740,054 (46%)
Puts: 20,937,506 (54%)
Prior 7-Day Average 5,525,365
Calls: 2,534,293 (46%)
Puts: 2,991,072 (54%)
Current vs Prior 7-Day Avg -45.37%
Calls: -47.16%
Puts: -43.86%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/28 10:40am) $442.36M
Calls: $192.93M (44%)
Puts: $249.43M (56%)
Prior (07/27) $880.27M
Calls: $157.89M (18%)
Puts: $722.39M (82%)
Current vs Prior -49.75%
Calls: +22.20%
Puts: -65.47%
Prior 7-Day Total $5.17B
Calls: $1.86B (36%)
Puts: $3.31B (64%)
Prior 7-Day Average $738.90M
Calls: $265.59M (36%)
Puts: $473.31M (64%)
Current vs Prior 7-Day Avg -40.13%
Calls: -27.36%
Puts: -47.30%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/28 10:40am) 1.25
Prior (07/27) 1.18
Current vs Prior +6.25%
Prior 7-Day Average 1.25
Current vs Prior 7-Day Avg +0.16%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/28 10:40am) 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 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 0.52% | 1.04%1.04% | 1.59%1.59% | 2.29%3.28% | 4.83%
Prior 0.70% | 1.11%0.18% | 1.11%1.64% | 2.31%3.29% | 4.82%
Current vs Prior -25.99% | -6.24%+483.15% | +43.56%-2.83% | -0.95%-0.23% | +0.22%
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 -30.22% | -2.88%+520.68% | +67.88%+77.37% | +9.77%-2.99% | -1.76%
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 -25.99% | -6.24%+483.15% | +43.56%-2.83% | -0.95%-0.23% | +0.22%
Sentiment BULLISHBEARISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 0.52% | 0.66%
Calls: 0.52% | 0.51%
Puts: 0.52% | 0.80%
Prior 1.68% | 0.73%
Calls: 0.82% | 0.75%
Puts: 2.54% | 0.71%
Current vs Prior -69.05% | -9.59%
Prior 7-Day Avg 1.35% | 0.70%
Calls: 0.90% | 0.62%
Puts: 1.79% | 0.76%
Current vs 7-Day Avg -61.48% | -5.04%
Liquidity Excellent
+
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🤖 AI Insights

Bearish P/C ratio of 1.25 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 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
10:40BEARISHBEARISHBEARISH
10:35BEARISHBEARISHBEARISH
10:30BEARISHBEARISHBEARISH
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 2,301 of results (avg 2.1%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31137.87137.94$137.910.1%--1.006.3K
$750.00Aug 216.036.04$6.040.2%6710.3418.6K
$700.00Jul 3138.1238.19$38.160.2%530.986.7K
$737.00Jul 305.165.17$5.170.2%2.6K0.53974
$738.00Jul 304.594.60$4.600.2%2.7K0.491.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$737.00Aug 2110.6110.64$10.630.3%7010.483.6K
$721.00Aug 216.206.22$6.210.3%390.291.7K
$744.00Aug 3115.1515.20$15.180.3%--0.56988
$743.00Aug 3114.7114.76$14.740.3%100.55913
$735.00Aug 3111.6611.70$11.680.3%230.467.4K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 557 found (avg $0.39, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$757.00Jul 300.050.06$0.0616.7%180.021.6K
$761.00Jul 310.050.06$0.0616.7%640.019.4K
$763.00Aug 30.050.06$0.0616.7%4460.014.0K
$765.00Aug 40.050.06$0.0616.7%10.01329
$767.00Aug 50.050.06$0.0616.7%--0.011.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$727.00Jul 280.050.06$0.0616.7%19.4K0.033.7K
$708.00Jul 290.050.06$0.0616.7%2000.014.3K
$709.00Jul 290.050.06$0.0616.7%3890.011.7K
$690.00Jul 300.050.06$0.0616.7%450.01571
$673.00Jul 310.050.06$0.0616.7%200.01159

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 994 found (avg delta 0.81, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$590.00Jul 31146.48149.28$147.881.9%21.0054
$595.00Jul 31142.40144.26$143.331.3%71.00296
$600.00Jul 31137.87137.94$137.910.1%--1.006.3K
$605.00Jul 31131.47134.49$132.982.3%--1.0022
$610.00Jul 31127.42129.26$128.341.4%--1.00124
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$746.00Jul 288.328.60$8.463.3%4601.001.7K
$747.00Jul 289.449.63$9.542.0%2531.001.9K
$748.00Jul 289.9310.63$10.286.8%1821.0070
$749.00Jul 2811.3911.63$11.512.1%831.0039
$750.00Jul 2812.4212.65$12.541.8%1601.00129

Most actively traded options today. High liquidity = easy entry/exit. 2,186 active (total vol 3.0M, top 191.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$738.00Jul 281.381.39$1.380.7%156.5K0.464.5K
$740.00Jul 280.610.62$0.621.6%149.5K0.2712.3K
$739.00Jul 280.940.95$0.951.1%145.9K0.364.8K
$741.00Jul 280.380.39$0.392.6%97.6K0.195.3K
$737.00Jul 281.911.92$1.920.5%94.8K0.563.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$736.00Jul 281.061.07$1.070.9%191.9K0.357.4K
$737.00Jul 281.441.45$1.440.7%168.9K0.449.0K
$735.00Jul 280.770.78$0.781.3%150.5K0.279.3K
$734.00Jul 280.550.56$0.561.8%116.5K0.213.5K
$738.00Jul 281.911.92$1.920.5%96.0K0.548.1K

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 178.2%, max 1026.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$870.00Jul 28Sep 4198.0%17.6%1026.5%--502
$860.00Jul 28Aug 31185.2%16.7%1009.9%--3.1K
$840.00Jul 28Sep 4158.9%14.6%986.3%8420
$865.00Jul 28Aug 28191.6%18.0%964.0%--355
$850.00Jul 28Aug 31172.2%16.2%961.8%--3.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$600.00Jul 28Sep 4246.9%34.0%625.3%--341
$605.00Jul 28Aug 31237.6%33.8%603.9%--21.4K
$615.00Jul 28Sep 4219.2%31.8%590.3%20671
$620.00Jul 28Sep 4210.1%31.0%578.8%1363
$625.00Jul 28Sep 4201.1%30.2%565.5%4138

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 89.91, avg 4.21)

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$0.14$4.86$0.1434.71$785.14
$765.00$770.00Aug 11$0.23$4.77$0.2320.74$765.23
$742.00$743.00Jul 28$0.10$0.90$0.109.00$742.10
$778.00$779.00Sep 4$0.10$0.90$0.109.00$778.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$610.00$600.00Sep 4$0.13$9.87$0.1375.92$609.87
$690.00$685.00Aug 6$0.10$4.90$0.1049.00$689.90
$670.00$665.00Aug 14$0.10$4.90$0.1049.00$669.90
$630.00$625.00Sep 4$0.10$4.90$0.1049.00$629.90
$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. 1,443 found (best R:R 168.23, avg 2.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$680.00$702.00Jul 30$21.87$21.87$0.13168.23$701.87
$635.00$655.00Aug 14$19.85$19.85$0.15132.33$654.85
$650.00$670.00Aug 7$19.83$19.83$0.17116.65$669.83
$640.00$709.00Aug 4$68.22$68.22$0.7887.46$708.22
$590.00$635.00Aug 28$44.47$44.47$0.5383.91$634.47
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$766.00$759.00Aug 5$6.88$6.88$0.1257.33$759.12
$762.00$757.00Aug 3$4.86$4.86$0.1434.71$757.14
$775.00$770.00Aug 28$4.72$4.72$0.2816.86$770.28
$770.00$767.00Aug 28$2.78$2.78$0.2212.64$767.22
$770.00$768.00Jul 31$1.84$1.84$0.1611.50$768.16

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 232 found (avg debit $1.59, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$752.00Jul 28Jul 29$0.0628.0%16.8%
$796.00Jul 31Aug 21$0.0626.0%12.2%
$797.00Jul 31Aug 21$0.0626.4%12.4%
$703.00Jul 28Jul 29$0.0764.1%34.0%
$751.00Jul 28Jul 29$0.0729.7%16.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$710.00Jul 28Jul 29$0.0652.0%30.1%
$711.00Jul 28Jul 29$0.0650.2%29.2%
$712.00Jul 28Jul 29$0.0748.4%28.8%
$713.00Jul 28Jul 29$0.0846.7%28.3%
$714.00Jul 28Jul 29$0.0850.3%27.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 984 found (cheapest 0.45% of stock, avg 5.03%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$738.00Jul 28$1.38$1.92$3.30$734.70$741.300.45%
$737.00Jul 28$1.92$1.44$3.36$733.64$740.360.46%
$739.00Jul 28$0.95$2.48$3.43$735.57$742.430.47%
$736.00Jul 28$2.54$1.07$3.61$732.39$739.610.49%
$740.00Jul 28$0.62$3.15$3.77$736.23$743.770.51%
$735.00Jul 28$3.25$0.78$4.03$730.97$739.030.55%
$741.00Jul 28$0.39$3.92$4.31$736.69$745.310.58%
$734.00Jul 28$4.03$0.56$4.59$729.41$738.590.62%
$742.00Jul 28$0.23$4.76$4.99$737.01$746.990.68%
$733.00Jul 28$4.86$0.40$5.26$727.74$738.260.71%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 400 found (cheapest 0.09% of stock, avg 1.88%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$742.00$733.00Jul 28$0.23$0.40$0.63$732.37$742.63
$741.00$733.00Jul 28$0.39$0.40$0.79$732.21$741.79
$742.00$734.00Jul 28$0.23$0.56$0.79$733.21$742.79
$741.00$734.00Jul 28$0.39$0.56$0.95$733.05$741.95
$740.00$733.00Jul 28$0.62$0.40$1.02$731.98$741.02
$742.00$735.00Jul 28$0.23$0.78$1.01$733.99$743.01
$740.00$734.00Jul 28$0.62$0.56$1.18$732.82$741.18
$741.00$735.00Jul 28$0.39$0.78$1.17$733.83$742.17
$739.00$733.00Jul 28$0.95$0.40$1.35$731.65$740.35
$742.00$736.00Jul 28$0.23$1.07$1.30$734.70$743.30

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 642 found (best R:R 40.67, avg credit $2.39)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
655/660680/685Aug 28$4.88$0.1240.67$655.12$684.88
685/690701/710Aug 28$8.78$0.2239.91$681.22$709.78
650/655680/685Aug 28$4.87$0.1337.46$650.13$684.87
680/685701/710Aug 28$8.74$0.2633.62$676.26$709.74
670/675680/685Aug 14$4.85$0.1532.33$670.15$684.85
640/645680/685Aug 28$4.84$0.1630.25$640.16$684.84
645/650680/685Aug 28$4.84$0.1630.25$645.16$684.84
680/685690/697Aug 14$6.77$0.2329.43$678.23$696.77
665/670680/685Aug 14$4.83$0.1728.41$665.17$684.83
675/680701/710Aug 28$8.69$0.3128.03$671.31$709.69

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 234 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$785.00$790.00$795.00Aug 28$0.07$4.9370.43
$595.00$600.00$605.00Aug 31$0.07$4.9370.43
$635.00$640.00$645.00Aug 21$0.14$4.8634.71
$590.00$635.00$680.00Aug 28$1.77$43.2324.42
$675.00$680.00$685.00Aug 7$0.20$4.8024.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$690.00$695.00$700.00Aug 6$0.05$4.9599.00
$675.00$680.00$685.00Sep 4$0.05$4.9599.00
$690.00$695.00$700.00Aug 11$0.06$4.9482.33
$680.00$685.00$690.00Aug 14$0.06$4.9482.33
$690.00$695.00$700.00Aug 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. 929 found (best net $-0.01, 923 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$680.001:2Aug 28-$20.64$24.36
$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
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$650.00$615.001:2Aug 5-$0.01$34.99
$635.00$605.001:2Aug 6-$0.02$29.98
$645.00$620.001:2Aug 3$0.00$25.00
$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. 405 found (best yield 2.21%, avg 0.53%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$738.00Sep 4$16.280.510.1%2.21%2.28%18544
$739.00Sep 4$15.640.500.2%2.12%2.33%13886
$740.00Sep 4$15.010.480.3%2.04%2.38%309270
$738.00Aug 31$14.900.510.1%2.02%2.10%134658
$738.00Aug 28$14.500.510.1%1.97%2.04%37262
$741.00Sep 4$14.390.480.5%1.95%2.44%13593
$739.00Aug 31$14.270.490.2%1.94%2.15%87996
$739.00Aug 28$13.870.490.2%1.88%2.09%207385
$742.00Sep 4$13.780.470.6%1.87%2.49%18381
$740.00Aug 31$13.650.480.3%1.85%2.20%2452.4K

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 1,339,174
Total Puts 1,679,200
Put/Call Ratio 1.25
Net Difference -340,026

Prior's Put/Call Breakdown

Total Calls 1,768,282
Total Puts 2,086,805
Put/Call Ratio 1.18
Net Difference -318,523

Prior 7-Day Put/Call Summary

Total Calls 17,740,054
Total Puts 20,937,506
Average Put/Call Ratio 1.25
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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