Tour v396
XLI
State Street IndstrlSelSectSPDRETF
$182.66 +0.40%
$183.09 (+0.24%)🌙
as of 07/25 01:46 AM
(7/25 01:06) ◀
|
Friday, July 24, 2026 (1:46am)
January 2026
|
▶ (7/27 15:07)
◀ 7/24 01:46 ▶

Option Volume

Detail
ℹ
Current (07/25) 7,625
Calls: 2,810 (37%)
Puts: 4,815 (63%)
Prior (07/23) 6,820
Calls: 4,314 (63%)
Puts: 2,506 (37%)
Current vs Prior +11.80%
Calls: -34.86% (Calls)
Puts: +92.14% (Puts)
Prior 7-Day Total 162,416
Calls: 28,981 (18%)
Puts: 133,435 (82%)
Prior 7-Day Average 27,069
Calls: 4,140 (18%)
Puts: 19,062 (82%)
Current vs Prior 7-Day Avg -71.83%
Calls: -32.13%
Puts: -74.74%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/25) $1.89M
Calls: $985.6K (52%)
Puts: $903.8K (48%)
Prior (07/23) $2.78M
Calls: $1.69M (61%)
Puts: $1.10M (39%)
Current vs Prior -32.11%
Calls: -41.57%
Puts: -17.54%
Prior 7-Day Total $40.37M
Calls: $14.68M (36%)
Puts: $25.69M (64%)
Prior 7-Day Average $6.73M
Calls: $2.10M (36%)
Puts: $3.67M (64%)
Current vs Prior 7-Day Avg -71.92%
Calls: -52.99%
Puts: -75.38%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/25) 1.71
Prior (07/23) 0.58
Current vs Prior +194.98%
Prior 7-Day Average 2.10
Current vs Prior 7-Day Avg -18.21%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/25) 176,373
Calls: 40,045 (23%)
Puts: 136,328 (77%)
Prior (07/23) 472,215
Calls: 107,329 (23%)
Puts: 364,886 (77%)
Current vs Prior -62.65%
Prior 7-Day Total 2,538,664
Calls: 577,420 (23%)
Puts: 1,961,244 (77%)
Prior 7-Day Average 423,110
Calls: 96,236 (23%)
Puts: 326,874 (77%)
Current vs Prior 7-Day Avg -58.32%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 2.73% | 3.61%4.63% | 6.48%
Prior 2.64% | 3.40%5.30% | 7.02%
Current vs Prior +3.34% | +6.21%-12.59% | -7.80%
Prior 7-Day Avg 2.75% | 3.59%4.23% | 6.47%
Current vs 7-Day Avg -0.89% | +0.58%+9.58% | +0.12%
Prior 7-Day Eod 2.64% | 3.40%5.30% | 7.02%
Current vs 7-Day Eod +3.34% | +6.21%-12.59% | -7.80%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 226.74% | 162.83%
Calls: 228.70% | 154.69%
Puts: 224.77% | 170.98%
Prior 24.76% | 18.67%
Calls: 24.71% | 16.79%
Puts: 24.81% | 20.56%
Current vs Prior +815.75% | +772.15%
Prior 7-Day Avg 36.71% | 16.82%
Calls: 42.02% | 15.34%
Puts: 31.40% | 18.30%
Current vs 7-Day Avg +517.68% | +868.27%
Liquidity Expensive
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🤖 AI Insights

Extreme bearish P/C ratio of 1.71 - heavy put buying. P/C ratio rising 195% - increased hedging/bearish positioning. Put-heavy open interest (136,328 puts vs 40,045 calls) suggests hedging or bearish positioning. Declining open interest (down 63%) indicates positions being closed.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BEARISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg 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

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

No options available for this category

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

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 50 found (avg delta 0.74, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$158.00Jul 2422.0527.05$24.5520.4%11.003
$159.00Jul 2421.0526.05$23.5521.2%11.001
$166.00Jul 2413.6518.55$16.1030.4%11.00--
$167.00Jul 2412.8517.75$15.3032.0%11.00--
$168.00Jul 2411.2016.10$13.6535.9%11.001
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Jul 244.709.60$7.1568.5%50.99--
$185.00Jul 240.014.95$2.48199.2%10.98--
$184.00Jul 240.004.80$2.40200.0%20.97--
$195.00Jul 319.2014.15$11.6842.4%80.83--
$187.00Aug 213.408.35$5.8884.2%80.68--

Most actively traded options today. High liquidity = easy entry/exit. 191 active (total vol 6.6K, top 547)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$184.00Aug 210.054.95$2.50196.0%5030.43134
$182.00Jul 310.003.50$1.75200.0%2620.5362
$195.00Jul 310.002.10$1.05200.0%1550.1780
$196.00Jul 310.004.80$2.40200.0%1040.24--
$194.00Jul 310.004.80$2.40200.0%1000.26--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$183.00Aug 211.516.45$3.98124.1%5470.5140
$182.50Jul 240.004.80$2.40200.0%3940.4916
$180.00Jul 240.000.02$0.01200.0%3380.02504
$177.00Jul 240.000.02$0.01200.0%2670.01289
$182.00Jul 310.554.95$2.75160.0%2510.4722

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 45 strikes (avg 705.4%, max 2106.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$182.50Jul 24Aug 21440.5%20.0%2106.1%7126
$183.00Jul 24Aug 21475.8%25.0%1805.5%132243
$175.00Jul 24Jul 31238.0%19.5%1121.3%2957
$195.00Jul 24Aug 28349.9%29.3%1092.5%2--
$190.00Jul 24Aug 21226.2%19.5%1057.8%101.5K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$182.50Jul 24Aug 21440.5%20.0%2106.1%39724
$160.00Jul 24Sep 4655.2%29.8%2100.8%3--
$183.00Jul 24Aug 21475.8%25.0%1805.5%58562
$171.00Jul 24Sep 4349.3%27.7%1161.5%179206
$172.50Jul 24Sep 4307.9%25.6%1102.9%618

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 36 found (best R:R 14.38, avg 3.15)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$181.00$182.00Jul 24$0.13$0.87$0.136.69$181.13
$184.00$185.00Aug 21$0.17$0.83$0.174.88$184.17
$192.00$193.00Aug 21$0.20$0.80$0.204.00$192.20
$184.00$187.00Aug 28$0.95$2.05$0.952.16$184.95
$180.00$181.00Jul 24$0.45$0.55$0.451.22$180.45
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$180.00$178.00Aug 21$0.13$1.87$0.1314.38$179.87
$180.00$176.00Aug 14$0.33$3.67$0.3311.12$179.67
$172.00$170.00Aug 21$0.21$1.79$0.218.52$171.79
$175.00$165.00Aug 14$1.15$8.85$1.157.70$173.85
$175.00$165.00Aug 7$1.22$8.78$1.227.20$173.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 51 found (best R:R 67.18, avg 3.56)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$160.00$175.00Jul 31$14.78$14.78$0.2267.18$174.78
$193.00$195.00Aug 21$1.88$1.88$0.1215.67$194.88
$170.00$175.00Jul 24$4.40$4.40$0.607.33$174.40
$181.00$184.00Aug 28$2.62$2.62$0.386.89$183.62
$170.00$176.00Aug 14$5.17$5.17$0.836.23$175.17
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$190.00$185.00Jul 24$4.67$4.67$0.3314.15$185.33
$179.00$178.00Jul 31$0.85$0.85$0.155.67$178.15
$195.00$185.00Jul 31$8.45$8.45$1.555.45$186.55
$185.00$184.00Jul 31$0.70$0.70$0.302.33$184.30
$177.00$176.00Aug 7$0.65$0.65$0.351.86$176.35

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 39 found (avg debit $1.48, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$182.50Jul 24Jul 31$0.08440.5%25.4%
$190.00Jul 24Jul 31$0.16226.2%20.4%
$186.00Jul 24Jul 31$0.49117.4%17.3%
$181.00Jul 24Jul 31$0.5560.3%30.6%
$180.00Jul 24Jul 31$0.8391.9%34.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$182.50Jul 24Jul 31$0.10440.5%25.4%
$183.00Jul 24Jul 31$0.10475.8%27.0%
$175.00Jul 24Jul 31$0.12238.0%19.5%
$184.00Jul 24Jul 31$0.1357.4%31.3%
$163.00Jul 31Aug 21$0.2094.4%48.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 40 found (cheapest 1.32% of stock, avg 4.29%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$184.00Jul 24$0.01$2.40$2.41$181.59$186.411.32%
$185.00Jul 24$0.01$2.48$2.49$182.51$187.491.36%
$181.00Jul 24$2.53$0.01$2.54$178.46$183.541.39%
$182.00Jul 24$2.40$0.37$2.77$179.23$184.771.52%
$180.00Jul 24$2.98$0.01$2.99$177.01$182.991.64%
$179.00Jul 24$3.78$0.01$3.79$175.21$182.792.07%
$182.00Jul 31$1.75$2.75$4.50$177.50$186.502.46%
$182.50Jul 24$2.40$2.40$4.80$177.70$187.302.63%
$183.00Jul 24$2.40$2.40$4.80$178.20$187.802.63%
$183.00Jul 31$2.40$2.50$4.90$178.10$187.902.68%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 120 found (cheapest 1.52% of stock, avg 2.89%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$183.00$182.00Jul 24$2.40$0.37$2.77$179.23$185.77
$187.00$176.00Aug 14$2.40$2.15$4.55$171.45$191.55
$188.00$176.00Aug 14$2.40$2.15$4.55$171.45$192.55
$189.00$176.00Aug 14$2.40$2.15$4.55$171.45$193.55
$185.00$176.00Aug 14$2.48$2.15$4.63$171.37$189.63
$186.00$180.00Aug 7$2.40$2.25$4.65$175.35$190.65
$185.00$180.00Aug 7$2.48$2.25$4.73$175.27$189.73
$185.00$178.00Aug 21$2.33$2.40$4.73$173.27$189.73
$184.00$180.00Aug 7$2.50$2.25$4.75$175.25$188.75
$183.00$182.50Jul 24$2.40$2.40$4.80$177.70$187.80

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 55 found (best R:R 15.67, avg credit $1.54)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
180/181188/190Aug 21$1.88$0.1215.67$179.12$189.88
173/174180/182Aug 21$1.83$0.1710.76$172.17$181.83
174/175188/190Aug 21$1.83$0.1710.76$173.17$189.83
155/157194/195Jul 31$1.81$0.199.53$155.19$195.81
176/177182/182Aug 7$0.90$0.109.00$176.10$182.90
155/157181/182Jul 31$1.79$0.218.52$155.21$182.79
155/157175/180Jul 31$4.45$0.558.09$152.55$179.45
160/161175/180Jul 31$4.38$0.627.06$156.62$179.38
176/177179/182Aug 7$2.60$0.406.50$174.40$181.60
183/184188/190Aug 21$1.73$0.276.41$182.27$189.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 14 found (best R:R 11.50, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$180.00$181.00$182.00Jul 24$0.32$0.682.12
$179.00$180.00$181.00Jul 24$0.35$0.651.86
$183.00$184.00$185.00Aug 14$0.40$0.601.50
$181.00$184.00$187.00Aug 28$1.67$1.330.80
$193.00$195.00$197.00Aug 21$1.88$0.120.06
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$183.00$184.00$185.00Jul 24$0.08$0.9211.50
$179.00$180.00$181.00Aug 7$0.30$0.702.33
$180.00$181.00$182.00Jul 31$0.31$0.692.23
$180.00$181.00$182.00Jul 24$0.36$0.641.78
$183.00$184.00$185.00Aug 7$0.48$0.521.08

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 43 found (best net $-0.04, 34 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$191.00$195.001:2Jul 24-$0.01$3.99
$189.00$195.001:2Aug 28-$2.32$3.68
$170.00$176.001:2Aug 14-$3.51$2.49
$197.00$200.001:2Aug 21-$0.65$2.35
$181.00$184.001:2Aug 28-$0.81$2.19
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$175.00$165.001:2Aug 7-$0.04$9.96
$175.00$165.001:2Aug 14-$0.10$9.90
$169.00$160.001:2Jul 24-$0.01$8.99
$160.00$150.001:2Aug 21-$2.41$7.59
$155.00$150.001:2Jul 31-$1.69$3.31

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 1.24%, avg 0.59%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$183.00Aug 21$2.260.490.2%1.24%1.42%4293
$185.00Sep 4$2.160.451.3%1.18%2.46%1--
$183.00Aug 14$1.510.510.2%0.83%1.01%914
$184.00Aug 28$1.050.460.7%0.57%1.31%63
$186.00Aug 21$0.860.401.8%0.47%2.30%5121
$184.00Aug 14$0.560.460.7%0.31%1.04%291
$183.00Aug 7$0.150.510.2%0.08%0.27%1118
$185.00Aug 21$0.150.391.3%0.08%1.36%12882

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 2,810
Total Puts 4,815
Put/Call Ratio 1.71
Net Difference -2,005

Prior's Put/Call Breakdown

Total Calls 4,314
Total Puts 2,506
Put/Call Ratio 0.58
Net Difference 1,808

Prior 7-Day Put/Call Summary

Total Calls 28,981
Total Puts 133,435
Average Put/Call Ratio 2.10
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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