Tour v452
SPY
State Street SPDR S&P 500 ETF Trust
$740.86 +0.24%
(7/28 16:00) ◀
|
Tuesday, July 28, 2026 (4:05pm)
January 2026
|
▶ (7/28 16:10)
◀ 7/28 16:05 ▶

Option Volume

Detail
ℹ
Current (07/28 4:05pm) 11,399,692
Calls: 5,168,358 (45%)
Puts: 6,231,334 (55%)
Prior (07/27) 13,067,010
Calls: 6,478,219 (50%)
Puts: 6,588,791 (50%)
Current vs Prior -12.76%
Calls: -20.22% (Calls)
Puts: -5.43% (Puts)
Prior 7-Day Total 81,974,311
Calls: 37,626,934 (46%)
Puts: 44,347,377 (54%)
Prior 7-Day Average 11,710,615
Calls: 5,375,276 (46%)
Puts: 6,335,339 (54%)
Current vs Prior 7-Day Avg -2.66%
Calls: -3.85%
Puts: -1.64%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/28 4:05pm) $1.38B
Calls: $754.96M (55%)
Puts: $626.19M (45%)
Prior (07/27) $1.62B
Calls: $656.80M (41%)
Puts: $960.24M (59%)
Current vs Prior -14.59%
Calls: +14.95%
Puts: -34.79%
Prior 7-Day Total $10.19B
Calls: $4.88B (48%)
Puts: $5.31B (52%)
Prior 7-Day Average $1.46B
Calls: $696.59M (48%)
Puts: $758.53M (52%)
Current vs Prior 7-Day Avg -5.08%
Calls: +8.38%
Puts: -17.45%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/28 4:05pm) 1.21
Prior (07/27) 1.02
Current vs Prior +18.54%
Prior 7-Day Average 1.18
Current vs Prior 7-Day Avg +1.87%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/28 4:05pm) 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 0.19% | 0.90%0.90% | 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 +28.54% | +12.40%+406.38% | +33.91%-9.37% | -5.44%-2.78% | -1.61%
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 +21.18% | +16.43%+438.97% | +56.60%+65.44% | +4.80%-5.48% | -3.56%
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 +28.54% | +12.40%+406.38% | +33.91%-9.37% | -5.44%-2.78% | -1.61%
Sentiment BEARISHBEARISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 1.04% | 0.97%
Calls: 1.07% | 0.99%
Puts: 1.01% | 0.95%
Prior 1.68% | 0.73%
Calls: 0.82% | 0.75%
Puts: 2.54% | 0.71%
Current vs Prior -38.10% | +32.88%
Prior 7-Day Avg 1.35% | 0.70%
Calls: 0.90% | 0.62%
Puts: 1.79% | 0.76%
Current vs 7-Day Avg -22.96% | +39.57%
Liquidity Excellent
+
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🤖 AI Insights

Bearish P/C ratio of 1.21 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
16:05BULLISHBEARISHBEARISH
16:00BULLISHBEARISHBEARISH
15:55BULLISHBEARISHBEARISH
15:50BULLISHBEARISHBEARISH
15:45BULLISHBEARISHBEARISH
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11:55BULLISHNEUTRALMIXED
11:50BULLISHNEUTRALMIXED
11:45BULLISHBEARISHBEARISH
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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 2,191 of results (avg 2.5%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$600.00Jul 31141.38141.51$141.450.1%3071.006.3K
$700.00Jul 3141.5441.67$41.610.3%2550.986.7K
$690.00Aug 2155.0355.22$55.130.3%720.905.6K
$745.00Sep 413.8013.85$13.830.4%3470.47126
$741.00Sep 416.3216.38$16.350.4%1940.5193
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$747.00Aug 3114.5614.62$14.590.4%270.564.5K
$748.00Sep 415.8415.91$15.880.4%10.5651
$745.00Aug 2813.4213.48$13.450.4%1390.54863
$738.00Aug 3111.1411.19$11.170.4%1.0K0.451.2K
$747.00Sep 415.4015.47$15.440.5%170.553

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 555 found (avg $0.40, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$742.00Jul 280.050.06$0.0616.7%749.7K0.138.0K
$753.00Jul 290.050.06$0.0616.7%8.6K0.0211.6K
$758.00Jul 300.050.06$0.0616.7%2200.021.4K
$763.00Aug 30.050.06$0.0616.7%4840.014.0K
$767.00Aug 50.050.06$0.0616.7%--0.011.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Jul 280.050.06$0.0616.7%634.1K0.139.8K
$721.00Jul 290.050.06$0.0616.7%6.7K0.024.2K
$705.00Jul 300.050.06$0.0616.7%5230.01790
$706.00Jul 300.050.06$0.0616.7%1420.01424
$690.00Jul 310.050.06$0.0616.7%4900.017.9K

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 28138.70143.28$140.993.2%41.002
$605.00Jul 28133.70138.28$135.993.4%41.00--
$690.00Jul 2849.9451.82$50.883.7%141.0027
$710.00Jul 2830.5131.25$30.882.4%241.0040
$711.00Jul 2829.5130.24$29.882.4%121.0024
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$742.00Jul 281.001.08$1.047.7%356.0K1.004.2K
$743.00Jul 281.832.16$2.0016.5%116.3K1.004.9K
$744.00Jul 282.823.20$3.0112.6%29.1K1.004.8K
$745.00Jul 283.814.08$3.956.8%11.9K1.006.3K
$746.00Jul 284.815.09$4.955.7%3.9K1.001.7K

Most actively traded options today. High liquidity = easy entry/exit. 2,636 active (total vol 11.4M, top 749.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$742.00Jul 280.050.06$0.0616.7%749.7K0.138.0K
$741.00Jul 280.300.33$0.329.4%525.2K0.505.3K
$743.00Jul 280.010.02$0.0250.0%503.9K0.049.7K
$740.00Jul 281.021.11$1.078.4%401.0K0.8712.3K
$744.00Jul 280.010.02$0.0250.0%315.3K0.037.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$741.00Jul 280.290.33$0.3112.9%708.7K0.534.2K
$740.00Jul 280.050.06$0.0616.7%634.1K0.139.8K
$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%362.9K0.066.3K

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 633.5%, max 3654.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$870.00Jul 28Sep 4646.2%17.2%3654.6%--502
$860.00Jul 28Sep 4603.4%16.6%3543.7%550590
$840.00Jul 28Sep 4513.6%14.9%3343.9%8520
$850.00Jul 28Aug 31558.0%16.4%3309.5%233.0K
$865.00Jul 28Aug 28624.9%18.4%3297.6%--355
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$600.00Jul 28Sep 4842.1%34.1%2372.5%4341
$605.00Jul 28Aug 31811.1%33.8%2299.0%3021.4K
$615.00Jul 28Sep 4747.9%31.8%2255.6%30671
$620.00Jul 28Sep 4717.5%31.0%2213.6%2363
$625.00Jul 28Sep 4687.3%30.2%2172.1%46138

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 954 found (best R:R 89.91, avg 4.11)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$790.00$795.00Aug 28$0.11$4.89$0.1144.45$790.11
$770.00$775.00Aug 11$0.12$4.88$0.1240.67$770.12
$785.00$790.00Aug 28$0.18$4.82$0.1826.78$785.18
$765.00$770.00Aug 11$0.33$4.67$0.3314.15$765.33
$753.00$754.00Jul 30$0.10$0.90$0.109.00$753.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$610.00$600.00Sep 4$0.11$9.89$0.1189.91$609.89
$635.00$630.00Sep 4$0.10$4.90$0.1049.00$634.90
$640.00$635.00Sep 4$0.10$4.90$0.1049.00$639.90
$690.00$685.00Aug 10$0.11$4.89$0.1144.45$689.89
$680.00$675.00Aug 14$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. 1,406 found (best R:R 165.67, avg 2.84)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$635.00$655.00Aug 14$19.88$19.88$0.12165.67$654.88
$640.00$709.00Aug 4$68.44$68.44$0.56122.21$708.44
$635.00$650.00Aug 28$14.85$14.85$0.1599.00$649.85
$655.00$675.00Aug 14$19.78$19.78$0.2289.91$674.78
$670.00$711.00Aug 5$40.53$40.53$0.4786.23$710.53
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$780.00$775.00Aug 21$4.80$4.80$0.2024.00$775.20
$775.00$770.00Aug 28$4.73$4.73$0.2717.52$770.27
$775.00$771.00Jul 31$3.77$3.77$0.2316.39$771.23
$766.00$765.00Jul 28$0.90$0.90$0.109.00$765.10
$765.00$764.00Aug 14$0.90$0.90$0.109.00$764.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 219 found (avg debit $1.48, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$799.00Jul 31Aug 21$0.0726.8%12.4%
$752.00Jul 28Jul 29$0.0875.5%15.5%
$797.00Jul 31Aug 21$0.0826.0%12.2%
$798.00Jul 31Aug 21$0.0826.4%12.4%
$796.00Jul 31Aug 21$0.0925.6%12.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Jul 28Aug 21$0.05170.6%11.9%
$722.00Jul 28Jul 29$0.06120.4%24.2%
$723.00Jul 28Jul 29$0.08114.5%24.0%
$724.00Jul 28Jul 29$0.10108.5%23.9%
$752.00Jul 28Jul 29$0.1273.4%15.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,082 found (cheapest 0.09% of stock, avg 5.11%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$741.00Jul 28$0.32$0.31$0.63$740.37$741.630.09%
$740.00Jul 28$1.07$0.06$1.13$738.87$741.130.15%
$742.00Jul 28$0.06$1.04$1.10$740.90$743.100.15%
$743.00Jul 28$0.02$2.00$2.02$740.98$745.020.27%
$739.00Jul 28$2.06$0.03$2.09$736.91$741.090.28%
$744.00Jul 28$0.02$3.01$3.03$740.97$747.030.41%
$738.00Jul 28$3.07$0.02$3.09$734.91$741.090.42%
$745.00Jul 28$0.01$3.95$3.96$741.04$748.960.53%
$737.00Jul 28$4.06$0.01$4.07$732.93$741.070.55%
$746.00Jul 28$0.01$4.95$4.96$741.04$750.960.67%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 379 found (cheapest 0.01% of stock, avg 1.85%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$742.00$739.00Jul 28$0.06$0.03$0.09$738.91$742.09
$742.00$740.00Jul 28$0.06$0.06$0.12$739.88$742.12
$741.00$740.00Jul 28$0.32$0.06$0.38$739.62$741.38
$741.00$739.00Jul 28$0.32$0.03$0.35$738.65$741.35
$746.00$737.00Jul 29$0.98$1.60$2.58$734.42$748.58
$745.00$737.00Jul 29$1.30$1.60$2.90$734.10$747.90
$746.00$738.00Jul 29$0.98$1.88$2.86$735.14$748.86
$745.00$738.00Jul 29$1.30$1.88$3.18$734.82$748.18
$746.00$739.00Jul 29$0.98$2.20$3.18$735.82$749.18
$744.00$737.00Jul 29$1.67$1.60$3.27$733.73$747.27

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 415 found (best R:R 49.00, avg credit $2.63)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
675/680685/690Aug 28$4.90$0.1049.00$675.10$689.90
670/675680/685Aug 28$4.88$0.1240.67$670.12$684.88
685/690720/725Aug 11$4.87$0.1337.46$685.13$724.87
670/675685/690Aug 28$4.87$0.1337.46$670.13$689.87
680/685690/695Aug 28$4.86$0.1434.71$680.14$694.86
680/685690/697Aug 14$6.79$0.2132.33$678.21$696.79
650/655660/680Aug 28$19.37$0.6330.75$635.63$679.37
665/670680/685Aug 28$4.84$0.1630.25$665.16$684.84
655/660665/675Sep 4$9.67$0.3329.30$650.33$674.67
660/665680/685Aug 28$4.83$0.1728.41$660.17$684.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 236 found (best R:R 199.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$635.00$655.00$675.00Aug 14$0.10$19.90199.00
$790.00$795.00$800.00Aug 28$0.06$4.9482.33
$595.00$600.00$605.00Jul 31$0.07$4.9370.43
$785.00$790.00$795.00Aug 28$0.07$4.9370.43
$685.00$690.00$695.00Aug 28$0.08$4.9261.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$685.00$690.00$695.00Aug 11$0.05$4.9599.00
$690.00$695.00$700.00Aug 10$0.06$4.9482.33
$695.00$700.00$705.00Aug 11$0.08$4.9261.50
$700.00$705.00$710.00Aug 11$0.08$4.9261.50
$705.00$710.00$715.00Aug 11$0.11$4.8944.45

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 938 found (best net $-6.01, 927 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$605.00$670.001:2Jul 28-$6.01$58.99
$600.00$665.001:2Sep 4-$17.98$47.02
$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-$0.91$18.09
$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. 381 found (best yield 2.20%, avg 0.55%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$741.00Sep 4$16.320.510.0%2.20%2.22%19493
$742.00Sep 4$15.670.500.1%2.12%2.27%49381
$743.00Sep 4$15.030.490.3%2.03%2.32%9572
$741.00Aug 31$14.950.510.0%2.02%2.04%1.2K418
$741.00Aug 28$14.560.510.0%1.97%1.98%169374
$744.00Sep 4$14.410.480.4%1.95%2.37%380
$742.00Aug 31$14.310.490.1%1.93%2.09%1.1K382
$742.00Aug 28$13.920.500.1%1.88%2.03%545392
$745.00Sep 4$13.800.470.6%1.86%2.42%347126
$743.00Aug 31$13.680.480.3%1.85%2.14%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 5,168,358
Total Puts 6,231,334
Put/Call Ratio 1.21
Net Difference -1,062,976

Prior's Put/Call Breakdown

Total Calls 6,478,219
Total Puts 6,588,791
Put/Call Ratio 1.02
Net Difference -110,572

Prior 7-Day Put/Call Summary

Total Calls 37,626,934
Total Puts 44,347,377
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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Chart Title

Price — Past 7 Days

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