Tour v452
SPY
State Street SPDR S&P 500 ETF Trust
$740.86 +0.24%
(7/28 15:55) ◀
|
Tuesday, July 28, 2026 (4:00pm)
January 2026
|
▶ (7/28 16:05)
◀ 7/28 16:00 ▶

Option Volume

Detail
ℹ
Current (07/28 4:00pm) 11,337,979
Calls: 5,143,001 (45%)
Puts: 6,194,978 (55%)
Prior (07/27) 12,998,727
Calls: 6,440,639 (50%)
Puts: 6,558,088 (50%)
Current vs Prior -12.78%
Calls: -20.15% (Calls)
Puts: -5.54% (Puts)
Prior 7-Day Total 81,451,956
Calls: 37,404,403 (46%)
Puts: 44,047,553 (54%)
Prior 7-Day Average 11,635,993
Calls: 5,343,486 (46%)
Puts: 6,292,507 (54%)
Current vs Prior 7-Day Avg -2.56%
Calls: -3.75%
Puts: -1.55%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/28 4:00pm) $1.38B
Calls: $692.66M (50%)
Puts: $686.84M (50%)
Prior (07/27) $1.65B
Calls: $748.32M (45%)
Puts: $898.94M (55%)
Current vs Prior -16.25%
Calls: -7.44%
Puts: -23.59%
Prior 7-Day Total $10.21B
Calls: $5.03B (49%)
Puts: $5.18B (51%)
Prior 7-Day Average $1.46B
Calls: $718.34M (49%)
Puts: $740.33M (51%)
Current vs Prior 7-Day Avg -5.43%
Calls: -3.57%
Puts: -7.23%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/28 4:00pm) 1.20
Prior (07/27) 1.02
Current vs Prior +18.30%
Prior 7-Day Average 1.18
Current vs Prior 7-Day Avg +1.85%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/28 4:00pm) 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 0.18% | 0.91%0.91% | 1.49%1.49% | 2.19%3.20% | 4.74%
Prior 0.70% | 1.11%0.18% | 1.11%1.64% | 2.31%3.29% | 4.82%
Current vs Prior +28.92% | +12.88%+407.89% | +34.03%-9.29% | -5.38%-2.74% | -1.53%
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 +21.54% | +16.93%+440.58% | +56.73%+65.59% | +4.86%-5.43% | -3.48%
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 +28.92% | +12.88%+407.89% | +34.03%-9.29% | -5.38%-2.74% | -1.53%
Sentiment BEARISHBEARISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 0.89% | 0.65%
Calls: 0.85% | 0.62%
Puts: 0.93% | 0.68%
Prior 1.68% | 0.73%
Calls: 0.82% | 0.75%
Puts: 2.54% | 0.71%
Current vs Prior -47.02% | -10.96%
Prior 7-Day Avg 1.35% | 0.70%
Calls: 0.90% | 0.62%
Puts: 1.79% | 0.76%
Current vs 7-Day Avg -34.07% | -6.47%
Liquidity Excellent
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🤖 AI Insights

Bearish P/C ratio of 1.20 indicates protective positioning. Put-heavy open interest (5,474,695 puts vs 2,264,374 calls) suggests hedging or bearish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BEARISH
Current NEUTRAL
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
16:00BULLISHBEARISHBEARISH
15:55BULLISHBEARISHBEARISH
15:50BULLISHBEARISHBEARISH
15:45BULLISHBEARISHBEARISH
15:40BULLISHBEARISHBEARISH
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11:55BULLISHNEUTRALMIXED
11:50BULLISHNEUTRALMIXED
11:45BULLISHBEARISHBEARISH
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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 2,243 of results (avg 2.4%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31140.95141.05$141.000.1%3071.006.3K
$700.00Jul 3141.1141.21$41.160.2%2550.996.7K
$690.00Aug 2154.6754.84$54.760.3%720.905.6K
$743.00Sep 414.8314.88$14.860.3%950.4972
$742.00Aug 2111.7511.79$11.770.3%2.8K0.491.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$739.00Aug 219.939.97$9.950.4%5.1K0.466.0K
$738.00Aug 219.599.63$9.610.4%3.9K0.453.4K
$743.00Sep 414.0014.06$14.030.4%640.5132
$737.00Aug 219.269.30$9.280.4%3.8K0.433.6K
$748.00Sep 416.0916.16$16.130.4%10.5651

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 546 found (avg $0.40, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$760.00Jul 310.050.06$0.0616.7%8.2K0.0220.8K
$762.00Aug 30.050.06$0.0616.7%1430.022.9K
$764.00Aug 40.050.06$0.0616.7%2.1K0.01333
$767.00Aug 50.050.06$0.0616.7%--0.011.1K
$769.00Aug 60.050.06$0.0616.7%--0.0131
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$721.00Jul 290.050.06$0.0616.7%6.7K0.024.2K
$706.00Jul 300.050.06$0.0616.7%1420.01424
$707.00Jul 300.050.06$0.0616.7%1550.01544
$690.00Jul 310.050.06$0.0616.7%4900.017.9K
$691.00Jul 310.050.06$0.0616.7%1450.01885

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,090 found (avg delta 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 28138.84142.35$140.602.5%41.002
$605.00Jul 28133.84137.35$135.602.6%41.00--
$670.00Jul 2868.8472.35$70.605.0%101.0016
$675.00Jul 2864.3367.11$65.724.2%21.002
$680.00Jul 2859.3662.12$60.744.5%31.0011
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$753.00Jul 2911.2612.92$12.0913.7%361.008
$754.00Jul 2912.1314.61$13.3718.5%91.001
$755.00Jul 2913.1315.61$14.3717.3%121.0010
$756.00Jul 2914.1316.61$15.3716.1%41.00--
$757.00Jul 2915.1317.83$16.4816.4%241.00--

Most actively traded options today. High liquidity = easy entry/exit. 2,634 active (total vol 11.3M, top 746.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$742.00Jul 280.030.04$0.0425.0%746.3K0.118.0K
$741.00Jul 280.190.20$0.205.0%522.5K0.425.3K
$743.00Jul 280.010.02$0.0250.0%501.3K0.039.7K
$740.00Jul 280.710.77$0.748.1%399.9K0.8212.3K
$744.00Jul 280.010.02$0.0250.0%314.3K0.037.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$741.00Jul 280.570.60$0.595.1%706.6K0.584.2K
$740.00Jul 280.140.15$0.156.7%630.9K0.199.8K
$737.00Jul 280.000.01$0.01100.0%399.8K0.019.0K
$736.00Jul 280.000.01$0.01100.0%394.8K0.017.4K
$739.00Jul 280.020.03$0.0333.3%360.1K0.056.3K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 354 strikes (avg 633.8%, max 3653.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$870.00Jul 28Sep 4645.3%17.2%3653.8%--502
$860.00Jul 28Sep 4602.4%16.6%3531.5%550590
$840.00Jul 28Sep 4514.4%14.9%3354.9%8520
$850.00Jul 28Aug 31558.8%16.3%3320.0%233.0K
$865.00Jul 28Aug 28623.9%18.4%3287.7%--355
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$600.00Jul 28Sep 4841.3%34.1%2367.8%4341
$605.00Jul 28Aug 31810.3%33.8%2294.2%3021.4K
$615.00Jul 28Sep 4748.9%31.8%2257.2%30671
$620.00Jul 28Sep 4718.4%31.0%2216.6%2363
$625.00Jul 28Sep 4688.2%30.3%2173.0%46138

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 984 found (best R:R 89.91, avg 4.13)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$770.00$775.00Aug 11$0.11$4.89$0.1144.45$770.11
$785.00$790.00Aug 28$0.17$4.83$0.1728.41$785.17
$765.00$770.00Aug 11$0.31$4.69$0.3115.13$765.31
$758.00$759.00Aug 4$0.10$0.90$0.109.00$758.10
$762.00$763.00Aug 7$0.10$0.90$0.109.00$762.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$610.00$600.00Sep 4$0.11$9.89$0.1189.91$609.89
$695.00$690.00Aug 6$0.10$4.90$0.1049.00$694.90
$645.00$640.00Aug 28$0.10$4.90$0.1049.00$644.90
$635.00$630.00Sep 4$0.10$4.90$0.1049.00$634.90
$700.00$695.00Aug 5$0.11$4.89$0.1144.45$699.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 1,416 found (best R:R 141.86, avg 3.00)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$680.00$702.00Jul 30$21.82$21.82$0.18121.22$701.82
$635.00$655.00Aug 14$19.80$19.80$0.2099.00$654.80
$640.00$709.00Aug 4$68.21$68.21$0.7986.34$708.21
$670.00$680.00Jul 29$9.87$9.87$0.1375.92$679.87
$680.00$700.00Aug 3$19.72$19.72$0.2870.43$699.72
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$800.00$780.00Aug 31$19.86$19.86$0.14141.86$780.14
$780.00$761.00Jul 30$18.63$18.63$0.3750.35$761.37
$780.00$775.00Aug 21$4.89$4.89$0.1144.45$775.11
$766.00$760.00Aug 5$5.76$5.76$0.2424.00$760.24
$770.00$761.00Jul 29$8.63$8.63$0.3723.32$761.37

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 230 found (avg debit $1.38, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$752.00Jul 28Jul 29$0.0674.4%15.1%
$706.00Jul 28Jul 29$0.07214.8%34.3%
$799.00Jul 31Aug 21$0.0726.7%12.4%
$796.00Jul 31Aug 21$0.0825.5%12.1%
$797.00Jul 31Aug 21$0.0825.9%12.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$772.00Jul 28Aug 21$0.05185.6%11.6%
$722.00Jul 28Jul 29$0.06121.5%23.8%
$779.00Jul 28Sep 4$0.06222.3%12.2%
$755.00Jul 28Jul 29$0.0791.9%14.8%
$723.00Jul 28Jul 29$0.08115.6%23.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,082 found (cheapest 0.11% of stock, avg 5.11%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$741.00Jul 28$0.20$0.59$0.79$740.21$741.790.11%
$740.00Jul 28$0.74$0.15$0.89$739.11$740.890.12%
$742.00Jul 28$0.04$1.44$1.48$740.52$743.480.20%
$739.00Jul 28$1.76$0.03$1.79$737.21$740.790.24%
$743.00Jul 28$0.02$2.29$2.31$740.69$745.310.31%
$738.00Jul 28$2.74$0.02$2.76$735.24$740.760.37%
$744.00Jul 28$0.02$3.30$3.32$740.68$747.320.45%
$737.00Jul 28$3.72$0.01$3.73$733.27$740.730.50%
$745.00Jul 28$0.01$4.30$4.31$740.69$749.310.58%
$736.00Jul 28$4.72$0.01$4.73$731.27$740.730.64%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 379 found (cheapest 0.01% of stock, avg 1.87%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$742.00$739.00Jul 28$0.04$0.03$0.07$738.93$742.07
$741.00$739.00Jul 28$0.20$0.03$0.23$738.77$741.23
$742.00$740.00Jul 28$0.04$0.15$0.19$739.81$742.19
$741.00$740.00Jul 28$0.20$0.15$0.35$739.65$741.35
$745.00$736.00Jul 29$1.21$1.49$2.70$733.30$747.70
$745.00$737.00Jul 29$1.21$1.75$2.96$734.04$747.96
$744.00$736.00Jul 29$1.56$1.49$3.05$732.95$747.05
$745.00$738.00Jul 29$1.21$2.05$3.26$734.74$748.26
$744.00$737.00Jul 29$1.56$1.75$3.31$733.69$747.31
$743.00$736.00Jul 29$1.97$1.49$3.46$732.54$746.46

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 428 found (best R:R 119.00, avg credit $2.53)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
600/610680/692Sep 4$11.90$0.10119.00$598.10$691.90
635/640680/692Sep 4$11.90$0.10119.00$628.10$691.90
640/645680/692Sep 4$11.90$0.10119.00$633.10$691.90
630/635680/692Sep 4$11.89$0.11108.09$623.11$691.89
640/645650/660Aug 28$9.82$0.1854.56$635.18$659.82
675/680685/690Aug 28$4.89$0.1144.45$675.11$689.89
680/685690/695Aug 28$4.89$0.1144.45$680.11$694.89
675/680685/690Aug 14$4.88$0.1240.67$675.12$689.88
660/665675/680Sep 4$4.88$0.1240.67$660.12$679.88
655/660680/685Aug 28$4.87$0.1337.46$655.13$684.87

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 241 found (best R:R 152.85, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$635.00$655.00$675.00Aug 14$0.13$19.87152.85
$595.00$600.00$605.00Aug 21$0.06$4.9482.33
$680.00$685.00$690.00Aug 14$0.07$4.9370.43
$785.00$790.00$795.00Aug 28$0.07$4.9370.43
$692.00$696.00$700.00Sep 4$0.06$3.9465.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$680.00$685.00$690.00Aug 28$0.05$4.9599.00
$670.00$675.00$680.00Sep 4$0.05$4.9599.00
$690.00$695.00$700.00Aug 11$0.06$4.9482.33
$695.00$700.00$705.00Aug 11$0.06$4.9482.33
$680.00$685.00$690.00Sep 4$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. 932 found (best net $-5.60, 919 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$605.00$670.001:2Jul 28-$5.60$59.40
$600.00$665.001:2Sep 4-$17.79$47.21
$788.00$835.001:2Aug 10-$0.01$46.99
$791.00$810.001:2Aug 6-$0.02$18.98
$820.00$835.001:2Jul 28-$0.01$14.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$615.001:2Aug 6-$0.03$19.97
$780.00$761.001:2Jul 30-$1.98$17.02
$655.00$640.001:2Jul 28-$0.01$14.99
$645.00$630.001:2Aug 3-$0.02$14.98
$650.00$635.001:2Aug 6-$0.04$14.96

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 382 found (best yield 2.17%, avg 0.53%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$741.00Sep 4$16.040.510.0%2.17%2.18%19493
$742.00Sep 4$15.460.500.1%2.09%2.24%49381
$743.00Sep 4$14.830.490.3%2.00%2.29%9572
$741.00Aug 31$14.740.510.0%1.99%2.01%1.2K418
$741.00Aug 28$14.350.510.0%1.94%1.96%161374
$744.00Sep 4$14.210.470.4%1.92%2.34%380
$742.00Aug 31$14.110.500.1%1.90%2.06%1.1K382
$742.00Aug 28$13.710.500.1%1.85%2.00%544392
$745.00Sep 4$13.600.470.6%1.84%2.39%347126
$743.00Aug 31$13.480.480.3%1.82%2.11%691459

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 5,143,001
Total Puts 6,194,978
Put/Call Ratio 1.20
Net Difference -1,051,977

Prior's Put/Call Breakdown

Total Calls 6,440,639
Total Puts 6,558,088
Put/Call Ratio 1.02
Net Difference -117,449

Prior 7-Day Put/Call Summary

Total Calls 37,404,403
Total Puts 44,047,553
Average Put/Call Ratio 1.18
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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Price — Past 7 Days

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