SPY - Options Database

SPY

State Street SPDR S&P 500 ETF Trust

$773.50 +1.55%

$773.56 (+0.01%)🌙

as of 09/21 04:00 PM

(9/21 15:55) ◀

Monday, September 21, 2026 (4:00pm)

▶ (9/21 16:10)

◀ 9/21 16:00 ▶

Option Volume

Detail

ℹ

Current (09/21 4:00pm) 13,193,388

Calls: 7,256,381 (55%)

Puts: 5,937,007 (45%)

Prior (09/18) 9,730,093

Calls: 4,616,992 (47%)

Puts: 5,113,101 (53%)

Current vs Prior +35.59%

Calls: +57.17% (Calls)

Puts: +16.11% (Puts)

Prior 7-Day Total 83,427,116

Calls: 43,757,497 (52%)

Puts: 39,669,619 (48%)

Prior 7-Day Average 11,918,159

Calls: 6,251,071 (52%)

Puts: 5,667,088 (48%)

Current vs Prior 7-Day Avg +10.70%

Calls: +16.08%

Puts: +4.76%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/21 4:00pm) $2.59B

Calls: $2.17B (84%)

Puts: $422.04M (16%)

Prior (09/18) $1.42B

Calls: $1.03B (73%)

Puts: $388.01M (27%)

Current vs Prior +82.45%

Calls: +110.14%

Puts: +8.77%

Prior 7-Day Total $19.76B

Calls: $15.75B (80%)

Puts: $4.00B (20%)

Prior 7-Day Average $2.82B

Calls: $2.25B (80%)

Puts: $572.04M (20%)

Current vs Prior 7-Day Avg -8.21%

Calls: -3.63%

Puts: -26.22%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/21 4:00pm) 0.82

Prior (09/18) 1.11

Current vs Prior -26.12%

Prior 7-Day Average 0.93

Current vs Prior 7-Day Avg -12.25%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/21 4:00pm) 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 0.15% | 0.51%0.15% | 0.69%1.00% | 1.61%0.15% | 2.58%

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

Current vs Prior -13.51% | -12.52%-38.01% | +16.13%+301.25% | +31.62%-38.01% | -7.55%

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 -25.95% | -26.11%-57.55% | -20.59%+45.60% | +6.96%-19.81% | -13.89%

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 -13.51% | -12.52%-38.01% | +16.13%+301.25% | +31.62%-38.01% | -7.55%

Sentiment BULLISHBULLISHBEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 1.25% | 1.00%

Calls: 1.47% | 0.88%

Puts: 1.04% | 1.13%

Prior 0.67% | 0.72%

Calls: 0.66% | 0.52%

Puts: 0.68% | 0.92%

Current vs Prior +86.57% | +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 +73.61% | -31.66%

Liquidity Excellent

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🤖 AI Insights

Strong bullish conviction with 84% of dollar volume in calls ($2.17B) vs puts ($422.04M). Elevated premium activity with dollar volume up 82% vs prior. P/C ratio dropping 26% - 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 NEUTRAL

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
16:00	BULLISH	BULLISH	BULLISH
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 2,350 of results (avg 3.0%, best 0.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$710.00	Sep 24	63.65	63.76	$63.71	0.2%	27	1.00	12
$781.00	Oct 30	10.64	10.66	$10.65	0.2%	236	0.43	759
$720.00	Sep 24	53.66	53.77	$53.72	0.2%	20	1.00	9
$737.00	Sep 21	36.51	36.59	$36.55	0.2%	742	1.00	17
$719.00	Sep 24	54.65	54.77	$54.71	0.2%	2	1.00	11

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$780.00	Oct 23	12.80	12.84	$12.82	0.3%	28	0.58	23
$779.00	Oct 23	12.29	12.33	$12.31	0.3%	5	0.56	294
$778.00	Oct 23	11.81	11.85	$11.83	0.3%	204	0.55	52
$774.00	Oct 30	11.59	11.63	$11.61	0.3%	327	0.50	332
$777.00	Oct 23	11.34	11.38	$11.36	0.4%	216	0.54	121

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 825 found (avg $0.34, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$774.00	Sep 21	0.09	0.10	$0.10	10.0%	678.7K	0.24	3.0K
$773.00	Sep 21	0.61	0.64	$0.63	4.8%	713.3K	0.77	3.9K
$781.00	Sep 22	0.10	0.11	$0.11	9.1%	18.7K	0.06	785
$782.00	Sep 22	0.07	0.08	$0.08	12.5%	11.7K	0.04	486
$783.00	Sep 22	0.05	0.06	$0.06	16.7%	5.6K	0.03	425

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$773.00	Sep 21	0.08	0.09	$0.09	11.1%	314.8K	0.24	--
$774.00	Sep 21	0.55	0.57	$0.56	3.6%	235.4K	0.79	10
$766.00	Sep 22	0.18	0.19	$0.19	5.3%	26.8K	0.08	148
$765.00	Sep 22	0.14	0.15	$0.15	6.7%	26.6K	0.06	1.5K
$767.00	Sep 22	0.24	0.25	$0.25	4.0%	39.1K	0.10	124

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,290 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$620.00	Sep 21	152.17	154.88	$153.52	1.8%	18	1.00	--
$625.00	Sep 21	148.21	149.39	$148.80	0.8%	9	1.00	--
$630.00	Sep 21	142.17	144.87	$143.52	1.9%	17	1.00	--
$635.00	Sep 21	137.17	139.89	$138.53	2.0%	103	1.00	--
$640.00	Sep 21	133.14	134.36	$133.75	0.9%	30	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$775.00	Sep 21	1.43	1.51	$1.47	5.4%	87.5K	1.00	--
$776.00	Sep 21	2.42	2.50	$2.46	3.3%	29.3K	1.00	10
$777.00	Sep 21	3.42	3.50	$3.46	2.3%	7.3K	1.00	--
$778.00	Sep 21	4.41	4.49	$4.45	1.8%	3.6K	1.00	--
$779.00	Sep 21	5.41	5.50	$5.46	1.6%	884	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 2,917 active (total vol 13.1M, top 734.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$775.00	Sep 21	0.01	0.02	$0.02	50.0%	734.7K	0.04	2.2K
$773.00	Sep 21	0.61	0.64	$0.63	4.8%	713.3K	0.77	3.9K
$774.00	Sep 21	0.09	0.10	$0.10	10.0%	678.7K	0.24	3.0K
$772.00	Sep 21	1.54	1.58	$1.56	2.6%	592.5K	0.94	3.6K
$770.00	Sep 21	3.52	3.61	$3.57	2.5%	558.5K	0.98	29.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$770.00	Sep 21	0.01	0.02	$0.02	50.0%	447.4K	0.02	828
$768.00	Sep 21	0.01	0.02	$0.02	50.0%	423.6K	0.02	334
$772.00	Sep 21	0.02	0.03	$0.03	33.3%	392.4K	0.06	119
$769.00	Sep 21	0.01	0.02	$0.02	50.0%	388.4K	0.02	318
$767.00	Sep 21	0.01	0.02	$0.02	50.0%	365.9K	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 3.3%, max 6.0%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$773.00	Sep 21	Oct 30	12.2%	11.5%	6.0%	713.6K	4.3K
$774.00	Sep 21	Oct 30	11.5%	11.4%	0.6%	679.2K	3.6K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$774.00	Sep 21	Oct 30	11.9%	11.4%	4.6%	235.7K	342
$773.00	Sep 21	Oct 30	11.8%	11.5%	2.1%	315.0K	276

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 667 found (best R:R 2.51, avg 3.61)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$732.00	$733.00	Oct 30	$0.14	$0.86	$0.14	85%	6.14	$732.14
$735.00	$736.00	Oct 30	$0.13	$0.87	$0.13	84%	6.69	$735.13
$740.00	$741.00	Oct 30	$0.11	$0.89	$0.11	82%	8.09	$740.11
$743.00	$744.00	Oct 30	$0.12	$0.88	$0.12	80%	7.33	$743.12
$747.00	$748.00	Oct 30	$0.15	$0.85	$0.15	78%	5.67	$747.15

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$788.00	$786.00	Oct 2	$0.57	$1.43	$0.57	84%	2.51	$787.43
$800.00	$799.00	Oct 16	$0.13	$0.87	$0.13	87%	6.69	$799.87
$803.00	$800.00	Oct 30	$1.74	$1.26	$1.74	82%	0.72	$801.26
$780.00	$775.00	Oct 5	$2.27	$2.73	$2.27	65%	1.20	$777.73
$781.00	$780.00	Sep 30	$0.12	$0.88	$0.12	72%	7.33	$780.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 471 found (best R:R 0.86, avg 0.40)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$775.00	$780.00	Oct 5	$2.31	$2.31	$2.69	53%	0.86	$777.31
$780.00	$785.00	Oct 5	$1.59	$1.59	$3.41	65%	0.47	$781.59
$774.00	$775.00	Oct 30	$0.70	$0.70	$0.30	50%	2.33	$774.70
$785.00	$790.00	Oct 5	$1.00	$1.00	$4.00	76%	0.25	$786.00
$775.00	$776.00	Oct 30	$0.59	$0.59	$0.41	51%	1.44	$775.59

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$771.00	$770.00	Sep 22	$0.23	$0.23	$0.77	71%	0.30	$770.77
$769.00	$768.00	Sep 22	$0.11	$0.11	$0.89	83%	0.12	$768.89
$773.00	$772.00	Sep 22	$0.37	$0.37	$0.63	54%	0.59	$772.63
$772.00	$771.00	Sep 22	$0.28	$0.28	$0.72	64%	0.39	$771.72
$773.00	$772.00	Sep 23	$0.40	$0.40	$0.60	53%	0.67	$772.60

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,138 found (cheapest 0.09% of stock, avg 3.81%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$773.00	Sep 21	$0.63	$0.09	$0.72	$772.28	$773.72	0.09%
$774.00	Sep 21	$0.10	$0.56	$0.66	$773.34	$774.66	0.09%
$775.00	Sep 21	$0.02	$1.47	$1.49	$773.51	$776.49	0.19%
$772.00	Sep 21	$1.56	$0.03	$1.59	$770.41	$773.59	0.21%
$776.00	Sep 21	$0.02	$2.46	$2.48	$773.52	$778.48	0.32%
$771.00	Sep 21	$2.57	$0.02	$2.59	$768.41	$773.59	0.33%
$774.00	Sep 22	$1.51	$1.93	$3.44	$770.56	$777.44	0.44%
$777.00	Sep 21	$0.01	$3.46	$3.47	$773.53	$780.47	0.45%
$773.00	Sep 22	$2.04	$1.45	$3.49	$769.51	$776.49	0.45%
$770.00	Sep 21	$3.57	$0.02	$3.59	$766.41	$773.59	0.46%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 352 found (cheapest 0.02% of stock, avg 1.21%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$774.00	$773.00	Sep 21	$0.10	$0.09	$0.19	$772.81	$774.19
$774.00	$772.00	Sep 21	$0.10	$0.03	$0.13	$771.87	$774.13
$778.00	$769.00	Sep 22	$0.37	$0.44	$0.81	$768.19	$778.81
$778.00	$770.00	Sep 22	$0.37	$0.57	$0.94	$769.06	$778.94
$777.00	$769.00	Sep 22	$0.54	$0.44	$0.98	$768.02	$777.98
$777.00	$770.00	Sep 22	$0.54	$0.57	$1.11	$768.89	$778.11
$778.00	$771.00	Sep 22	$0.37	$0.80	$1.17	$769.83	$779.17
$776.00	$769.00	Sep 22	$0.77	$0.44	$1.21	$767.79	$777.21
$776.00	$770.00	Sep 22	$0.77	$0.57	$1.34	$768.66	$777.34
$777.00	$771.00	Sep 22	$0.54	$0.80	$1.34	$769.66	$778.34

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 379 found (best R:R 0.96, avg credit $0.49)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
754/755	783/784	Oct 9	$0.49	$0.51	48%	0.96	$754.51	$783.49
752/753	783/784	Oct 9	$0.47	$0.53	50%	0.89	$752.53	$783.47
751/752	783/784	Oct 9	$0.46	$0.54	51%	0.85	$751.54	$783.46
758/759	780/781	Oct 1	$0.46	$0.54	50%	0.85	$758.54	$780.46
754/755	782/783	Oct 9	$0.50	$0.50	46%	1.00	$754.50	$782.50
755/756	783/784	Oct 9	$0.49	$0.51	47%	0.96	$755.51	$783.49
752/753	782/783	Oct 9	$0.48	$0.52	48%	0.92	$752.52	$782.48
753/754	783/784	Oct 9	$0.47	$0.53	49%	0.89	$753.53	$783.47
756/757	783/784	Oct 9	$0.50	$0.50	46%	1.00	$756.50	$783.50
759/760	780/781	Oct 1	$0.47	$0.53	49%	0.89	$759.53	$780.47

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 349 found (best R:R 18.23, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$772.00	$773.00	$774.00	Sep 21	$0.40	$0.60	70%	1.50
$773.00	$774.00	$775.00	Sep 21	$0.45	$0.55	73%	1.22
$774.00	$775.00	$776.00	Sep 21	$0.08	$0.92	21%	11.50
$771.00	$772.00	$773.00	Sep 21	$0.08	$0.92	20%	11.50
$800.00	$805.00	$810.00	Oct 5	$0.07	$4.93	3%	70.43

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$770.00	$775.00	$780.00	Oct 5	$0.26	$4.74	24%	18.23
$773.00	$774.00	$775.00	Sep 21	$0.44	$0.56	76%	1.27
$772.00	$773.00	$774.00	Sep 21	$0.41	$0.59	73%	1.44
$760.00	$765.00	$770.00	Oct 5	$0.45	$4.55	19%	10.11
$755.00	$760.00	$765.00	Oct 5	$0.31	$4.69	14%	15.13

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,151 found (best net $-16.71, 1,144 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$710.00	$734.00	1:2	Sep 29	-$15.96	$8.04
$750.00	$760.00	1:2	Oct 5	-$7.88	$2.12
$780.00	$785.00	1:2	Oct 5	-$0.66	$4.34
$785.00	$790.00	1:2	Oct 5	-$0.25	$4.75
$771.00	$772.00	1:2	Sep 21	-$0.55	$0.45

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$900.00	$845.00	1:2	Sep 21	-$16.71	$38.29
$835.00	$810.00	1:2	Oct 2	-$11.74	$13.26
$865.00	$830.00	1:2	Sep 24	-$21.71	$13.29
$840.00	$817.00	1:2	Oct 30	-$19.95	$3.05
$790.00	$783.00	1:2	Oct 1	-$4.65	$2.35

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 334 found (best yield 1.87%, avg 0.38%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$774.00	Oct 30	$14.48	0.51	0.1%	1.87%	1.94%	538	575
$775.00	Oct 30	$13.93	0.49	0.2%	1.80%	1.99%	1.0K	5.4K
$776.00	Oct 30	$13.35	0.48	0.3%	1.73%	2.05%	732	1.3K
$777.00	Oct 30	$12.77	0.46	0.5%	1.65%	2.10%	1.3K	789
$778.00	Oct 30	$12.21	0.46	0.6%	1.58%	2.16%	649	883
$779.00	Oct 30	$11.66	0.45	0.7%	1.51%	2.22%	623	417
$780.00	Oct 30	$11.13	0.44	0.8%	1.44%	2.28%	1.0K	7.4K
$781.00	Oct 30	$10.64	0.43	1.0%	1.38%	2.35%	236	759
$782.00	Oct 30	$10.11	0.41	1.1%	1.31%	2.41%	732	766
$783.00	Oct 30	$9.63	0.40	1.2%	1.24%	2.47%	324	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 7,256,381

Total Puts 5,937,007

Put/Call Ratio 0.82

Net Difference 1,319,374

Prior's Put/Call Breakdown

Total Calls 4,616,992

Total Puts 5,113,101

Put/Call Ratio 1.11

Net Difference -496,109

Prior 7-Day Put/Call Summary

Total Calls 43,757,497

Total Puts 39,669,619

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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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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