SPY - Options Database

SPY

State Street SPDR S&P 500 ETF Trust

$773.70 +1.58%

(9/21 15:50) ◀

Monday, September 21, 2026 (3:55pm)

▶ (9/21 16:00)

◀ 9/21 15:55 ▶

Option Volume

Detail

ℹ

Current (09/21 3:55pm) 12,994,032

Calls: 7,177,215 (55%)

Puts: 5,816,817 (45%)

Prior (09/18) 9,530,015

Calls: 4,519,703 (47%)

Puts: 5,010,312 (53%)

Current vs Prior +36.35%

Calls: +58.80% (Calls)

Puts: +16.10% (Puts)

Prior 7-Day Total 82,727,479

Calls: 43,415,091 (52%)

Puts: 39,312,388 (48%)

Prior 7-Day Average 11,818,211

Calls: 6,202,155 (52%)

Puts: 5,616,055 (48%)

Current vs Prior 7-Day Avg +9.95%

Calls: +15.72%

Puts: +3.57%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/21 3:55pm) $2.65B

Calls: $2.24B (85%)

Puts: $404.65M (15%)

Prior (09/18) $1.45B

Calls: $1.08B (75%)

Puts: $367.80M (25%)

Current vs Prior +82.23%

Calls: +106.73%

Puts: +10.02%

Prior 7-Day Total $19.98B

Calls: $16.04B (80%)

Puts: $3.94B (20%)

Prior 7-Day Average $2.85B

Calls: $2.29B (80%)

Puts: $562.64M (20%)

Current vs Prior 7-Day Avg -7.30%

Calls: -2.20%

Puts: -28.08%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/21 3:55pm) 0.81

Prior (09/18) 1.11

Current vs Prior -26.89%

Prior 7-Day Average 0.93

Current vs Prior 7-Day Avg -12.92%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/21 3:55pm) 7,298,695

Calls: 2,033,489 (28%)

Puts: 5,265,206 (72%)

Prior (09/18) 11,785,360

Calls: 2,910,748 (25%)

Puts: 8,874,612 (75%)

Current vs Prior -38.07%

Prior 7-Day Total 64,606,313

Calls: 17,229,592 (27%)

Puts: 47,376,721 (73%)

Prior 7-Day Average 9,229,473

Calls: 2,461,370 (27%)

Puts: 6,768,103 (73%)

Current vs Prior 7-Day Avg -20.92%

Sentiment BULLISH

Expected Move

Detail

ℹ

0DTE3DTEWKMO Expiry (09/21) | Next (09/22)Expiry (09/21) | Next (09/23)Expiry (09/25) | Next (10/02)Expiry (09/21) | Next (10/16)

Current 0.17% | 0.52%0.17% | 0.68%0.99% | 1.61%0.17% | 2.57%

Prior 0.59% | 0.79%0.25% | 0.59%0.25% | 1.22%0.25% | 2.79%

Current vs Prior -71.03% | -34.53%-30.71% | +15.00%+299.56% | +31.06%-30.71% | -7.76%

Prior 7-Day Avg 0.69% | 0.93%0.36% | 0.87%0.68% | 1.51%0.19% | 3.00%

Current vs 7-Day Avg -75.20% | -44.70%-52.55% | -21.36%+44.99% | +6.50%-10.38% | -14.09%

Prior 7-Day Eod 0.59% | 0.79%0.25% | 0.59%0.25% | 1.22%0.25% | 2.79%

Current vs 7-Day Eod -71.03% | -34.53%-30.71% | +15.00%+299.56% | +31.06%-30.71% | -7.76%

Sentiment BULLISHBULLISHBEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.21% | 1.00%

Calls: 2.41% | 0.88%

Puts: 2.00% | 1.13%

Prior 0.67% | 0.72%

Calls: 0.66% | 0.52%

Puts: 0.68% | 0.92%

Current vs Prior +229.85% | +38.89%

Prior 7-Day Avg 0.72% | 1.46%

Calls: 0.66% | 0.97%

Puts: 0.78% | 1.96%

Current vs 7-Day Avg +206.94% | -31.66%

Liquidity Excellent

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🤖 AI Insights

Strong bullish conviction with 85% of dollar volume in calls ($2.24B) vs puts ($404.65M). Elevated premium activity with dollar volume up 82% vs prior. P/C ratio dropping 27% - sentiment shifting bullish. Put-heavy open interest (5,265,206 puts vs 2,033,489 calls) suggests hedging or bearish positioning.

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BULLISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BEARISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
15:55	BULLISH	BULLISH	BULLISH
15:50	BULLISH	BULLISH	BULLISH
15:45	BULLISH	BULLISH	BULLISH
15:40	BULLISH	BULLISH	BULLISH
15:35	BULLISH	BULLISH	BULLISH

📈 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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 2,416 of results (avg 3.3%, best 0.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$764.00	Sep 21	9.71	9.74	$9.73	0.3%	15.2K	0.99	6.0K
$765.00	Sep 21	8.71	8.74	$8.73	0.3%	27.6K	0.99	10.6K
$768.00	Sep 21	5.72	5.74	$5.73	0.3%	301.7K	0.98	7.2K
$766.00	Sep 21	7.71	7.74	$7.73	0.4%	77.1K	0.99	5.4K
$767.00	Sep 21	6.71	6.74	$6.73	0.4%	204.6K	0.99	4.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$780.00	Sep 21	6.27	6.30	$6.29	0.5%	4.0K	1.00	--
$774.00	Sep 22	1.84	1.85	$1.85	0.5%	43.1K	0.53	99
$735.00	Oct 16	1.78	1.79	$1.79	0.6%	3.1K	0.11	27.4K
$777.00	Sep 21	3.28	3.30	$3.29	0.6%	7.3K	1.00	--
$786.00	Sep 25	12.41	12.49	$12.45	0.6%	1.6K	0.91	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 828 found (avg $0.34, cheapest $0.12)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$774.00	Sep 21	0.20	0.21	$0.21	4.8%	667.3K	0.37	3.0K
$773.00	Sep 21	0.82	0.84	$0.83	2.4%	708.4K	0.78	3.9K
$782.00	Sep 22	0.08	0.09	$0.09	11.1%	11.3K	0.04	486
$781.00	Sep 22	0.12	0.13	$0.13	7.7%	18.1K	0.06	785
$783.00	Sep 22	0.06	0.07	$0.07	14.3%	5.2K	0.03	425

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$773.00	Sep 21	0.11	0.12	$0.12	8.3%	301.4K	0.22	--
$774.00	Sep 21	0.49	0.50	$0.50	2.0%	225.9K	0.64	10
$765.00	Sep 22	0.14	0.15	$0.15	6.7%	25.9K	0.06	1.5K
$766.00	Sep 22	0.18	0.19	$0.19	5.3%	26.0K	0.08	148
$767.00	Sep 22	0.24	0.25	$0.25	4.0%	38.4K	0.10	124

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,286 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$620.00	Sep 21	153.06	154.40	$153.73	0.9%	18	1.00	--
$625.00	Sep 21	148.10	149.40	$148.75	0.9%	9	1.00	--
$630.00	Sep 21	143.13	144.41	$143.77	0.9%	17	1.00	--
$635.00	Sep 21	138.13	139.40	$138.76	0.9%	103	1.00	--
$640.00	Sep 21	133.13	134.37	$133.75	0.9%	30	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$776.00	Sep 21	2.28	2.31	$2.30	1.3%	29.0K	1.00	10
$777.00	Sep 21	3.28	3.30	$3.29	0.6%	7.3K	1.00	--
$778.00	Sep 21	4.28	4.31	$4.30	0.7%	3.5K	1.00	--
$779.00	Sep 21	5.21	5.39	$5.30	3.4%	881	1.00	--
$780.00	Sep 21	6.27	6.30	$6.29	0.5%	4.0K	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 2,908 active (total vol 12.9M, top 722.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$775.00	Sep 21	0.04	0.05	$0.05	20.0%	722.1K	0.10	2.2K
$773.00	Sep 21	0.82	0.84	$0.83	2.4%	708.4K	0.78	3.9K
$774.00	Sep 21	0.20	0.21	$0.21	4.8%	667.3K	0.37	3.0K
$772.00	Sep 21	1.75	1.77	$1.76	1.1%	591.3K	0.92	3.6K
$770.00	Sep 21	3.72	3.75	$3.74	0.8%	558.3K	0.97	29.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$770.00	Sep 21	0.02	0.03	$0.03	33.3%	444.5K	0.03	828
$768.00	Sep 21	0.01	0.02	$0.02	50.0%	421.5K	0.02	334
$769.00	Sep 21	0.01	0.02	$0.02	50.0%	387.4K	0.02	318
$772.00	Sep 21	0.04	0.05	$0.05	20.0%	376.7K	0.08	119
$767.00	Sep 21	0.01	0.02	$0.02	50.0%	365.2K	0.01	636

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 30.1%, max 38.6%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$773.00	Sep 21	Oct 30	15.9%	11.5%	38.6%	708.7K	4.3K
$774.00	Sep 21	Oct 30	13.8%	11.4%	21.7%	667.8K	3.6K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$773.00	Sep 21	Oct 30	15.9%	11.5%	38.5%	301.7K	276
$774.00	Sep 21	Oct 30	13.8%	11.4%	21.7%	226.2K	342

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 649 found (best R:R 3.55, avg 3.52)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$745.00	$746.00	Oct 23	$0.22	$0.78	$0.22	82%	3.55	$745.22
$737.00	$738.00	Sep 25	$0.42	$0.58	$0.42	98%	1.38	$737.42
$738.00	$739.00	Oct 30	$0.28	$0.72	$0.28	83%	2.57	$738.28
$743.00	$744.00	Oct 30	$0.27	$0.73	$0.27	80%	2.70	$743.27
$749.00	$750.00	Oct 30	$0.27	$0.73	$0.27	76%	2.70	$749.27

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$793.00	$790.00	Oct 9	$1.96	$1.04	$1.96	84%	0.53	$791.04
$791.00	$790.00	Sep 28	$0.49	$0.51	$0.49	94%	1.04	$790.51
$794.00	$793.00	Sep 25	$0.53	$0.47	$0.53	96%	0.89	$793.47
$787.00	$786.00	Sep 25	$0.58	$0.42	$0.58	92%	0.72	$786.42
$770.00	$765.00	Oct 5	$1.34	$3.66	$1.34	40%	2.73	$768.66

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 471 found (best R:R 0.88, avg 0.40)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$775.00	$780.00	Oct 5	$2.34	$2.34	$2.66	53%	0.88	$777.34
$780.00	$785.00	Oct 5	$1.62	$1.62	$3.38	65%	0.48	$781.62
$785.00	$790.00	Oct 5	$1.01	$1.01	$3.99	76%	0.25	$786.01
$775.00	$776.00	Oct 30	$0.62	$0.62	$0.38	51%	1.63	$775.62
$776.00	$777.00	Oct 23	$0.59	$0.59	$0.41	53%	1.44	$776.59

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$771.00	$770.00	Sep 22	$0.21	$0.21	$0.79	72%	0.27	$770.79
$769.00	$768.00	Sep 22	$0.11	$0.11	$0.89	84%	0.12	$768.89
$772.00	$771.00	Sep 22	$0.27	$0.27	$0.73	65%	0.37	$771.73
$772.00	$771.00	Sep 23	$0.32	$0.32	$0.68	61%	0.47	$771.68
$770.00	$769.00	Sep 23	$0.21	$0.21	$0.79	72%	0.27	$769.79

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $1.37, cheapest $1.35)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$774.00	Sep 21	Sep 22	$1.39	13.8%	10.8%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$774.00	Sep 21	Sep 22	$1.35	13.8%	10.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,135 found (cheapest 0.09% of stock, avg 3.81%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$774.00	Sep 21	$0.21	$0.50	$0.71	$773.29	$774.71	0.09%
$773.00	Sep 21	$0.83	$0.12	$0.95	$772.05	$773.95	0.12%
$775.00	Sep 21	$0.05	$1.33	$1.38	$773.62	$776.38	0.18%
$772.00	Sep 21	$1.76	$0.05	$1.81	$770.19	$773.81	0.23%
$776.00	Sep 21	$0.02	$2.30	$2.32	$773.68	$778.32	0.30%
$771.00	Sep 21	$2.74	$0.03	$2.77	$768.23	$773.77	0.36%
$777.00	Sep 21	$0.02	$3.29	$3.31	$773.69	$780.31	0.43%
$773.00	Sep 22	$2.14	$1.38	$3.52	$769.48	$776.52	0.45%
$774.00	Sep 22	$1.60	$1.85	$3.45	$770.55	$777.45	0.45%
$775.00	Sep 22	$1.15	$2.41	$3.56	$771.44	$778.56	0.46%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 354 found (cheapest 0.01% of stock, avg 1.20%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$775.00	$772.00	Sep 21	$0.05	$0.05	$0.10	$771.90	$775.10
$775.00	$773.00	Sep 21	$0.05	$0.12	$0.17	$772.83	$775.17
$774.00	$772.00	Sep 21	$0.21	$0.05	$0.26	$771.74	$774.26
$774.00	$773.00	Sep 21	$0.21	$0.12	$0.33	$772.67	$774.33
$778.00	$769.00	Sep 22	$0.39	$0.43	$0.82	$768.18	$778.82
$778.00	$770.00	Sep 22	$0.39	$0.56	$0.95	$769.05	$778.95
$777.00	$769.00	Sep 22	$0.56	$0.43	$0.99	$768.01	$777.99
$777.00	$770.00	Sep 22	$0.56	$0.56	$1.12	$768.88	$778.12
$778.00	$771.00	Sep 22	$0.39	$0.77	$1.16	$769.84	$779.16
$777.00	$771.00	Sep 22	$0.56	$0.77	$1.33	$769.67	$778.33

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 360 found (best R:R 0.96, avg credit $0.46)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
752/753	782/783	Oct 9	$0.49	$0.51	48%	0.96	$752.51	$782.49
752/753	783/784	Oct 9	$0.47	$0.53	50%	0.89	$752.53	$783.47
756/757	780/781	Oct 2	$0.47	$0.53	49%	0.89	$756.53	$780.47
760/761	780/781	Oct 2	$0.52	$0.48	44%	1.08	$760.48	$780.52
757/758	780/781	Oct 2	$0.48	$0.52	48%	0.92	$757.52	$780.48
755/756	782/783	Oct 9	$0.51	$0.49	45%	1.04	$755.49	$782.51
755/756	783/784	Oct 9	$0.49	$0.51	47%	0.96	$755.51	$783.49
753/754	782/783	Oct 9	$0.49	$0.51	47%	0.96	$753.51	$782.49
753/754	783/784	Oct 9	$0.47	$0.53	49%	0.89	$753.53	$783.47
756/757	782/783	Oct 9	$0.52	$0.48	44%	1.08	$756.48	$782.52

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 354 found (best R:R 10.63, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$774.00	$775.00	$776.00	Sep 21	$0.13	$0.87	34%	6.69
$772.00	$773.00	$774.00	Sep 21	$0.31	$0.69	55%	2.23
$765.00	$770.00	$775.00	Oct 5	$0.60	$4.40	23%	7.33
$771.00	$772.00	$773.00	Sep 21	$0.05	$0.95	18%	19.00
$773.00	$774.00	$775.00	Sep 21	$0.46	$0.54	68%	1.17

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$760.00	$765.00	$770.00	Oct 5	$0.43	$4.57	19%	10.63
$774.00	$775.00	$776.00	Sep 21	$0.14	$0.86	36%	6.14
$773.00	$774.00	$775.00	Sep 21	$0.45	$0.55	70%	1.22
$755.00	$760.00	$765.00	Oct 5	$0.31	$4.69	14%	15.13
$772.00	$773.00	$774.00	Sep 21	$0.31	$0.69	56%	2.23

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,152 found (best net $-16.25, 1,145 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$710.00	$734.00	1:2	Sep 29	-$16.91	$7.09
$780.00	$785.00	1:2	Oct 5	-$0.65	$4.35
$750.00	$760.00	1:2	Oct 5	-$8.07	$1.93
$785.00	$790.00	1:2	Oct 5	-$0.25	$4.75
$775.00	$780.00	1:2	Oct 5	-$1.55	$3.45

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$900.00	$845.00	1:2	Sep 21	-$16.25	$38.75
$835.00	$810.00	1:2	Oct 2	-$10.54	$14.46
$865.00	$830.00	1:2	Sep 24	-$21.16	$13.84
$840.00	$817.00	1:2	Oct 30	-$20.08	$2.92
$790.00	$783.00	1:2	Oct 1	-$4.62	$2.38

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 335 found (best yield 1.89%, avg 0.38%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$774.00	Oct 30	$14.62	0.51	0.0%	1.89%	1.93%	538	575
$775.00	Oct 30	$14.02	0.49	0.2%	1.81%	1.98%	1.0K	5.4K
$776.00	Oct 30	$13.40	0.48	0.3%	1.73%	2.03%	731	1.3K
$777.00	Oct 30	$12.85	0.46	0.4%	1.66%	2.09%	1.3K	789
$778.00	Oct 30	$12.28	0.46	0.6%	1.59%	2.14%	649	883
$779.00	Oct 30	$11.74	0.45	0.7%	1.52%	2.20%	622	417
$780.00	Oct 30	$11.20	0.44	0.8%	1.45%	2.26%	1.0K	7.4K
$781.00	Oct 30	$10.68	0.43	0.9%	1.38%	2.32%	231	759
$782.00	Oct 30	$10.19	0.42	1.1%	1.32%	2.39%	732	766
$783.00	Oct 30	$9.68	0.41	1.2%	1.25%	2.45%	319	21.3K

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 7,177,215

Total Puts 5,816,817

Put/Call Ratio 0.81

Net Difference 1,360,398

Prior's Put/Call Breakdown

Total Calls 4,519,703

Total Puts 5,010,312

Put/Call Ratio 1.11

Net Difference -490,609

Prior 7-Day Put/Call Summary

Total Calls 43,415,091

Total Puts 39,312,388

Average Put/Call Ratio 0.93

Ratio Trend Falling

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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