Tour v422
XLI
State Street IndstrlSelSectSPDRETF
$183.20 +0.30%
$183.42 (+0.12%)🌙
as of 07/27 06:07 PM
7/27 18:07

Option Volume

Detail
Current (07/27) 13,943
Calls: 2,488 (18%)
Puts: 11,455 (82%)
Prior (07/24) 7,625
Calls: 2,810 (37%)
Puts: 4,815 (63%)
Current vs Prior +82.86%
Calls: -11.46% (Calls)
Puts: +137.90% (Puts)
Prior 7-Day Total 170,041
Calls: 31,791 (19%)
Puts: 138,250 (81%)
Prior 7-Day Average 24,291
Calls: 4,541 (19%)
Puts: 19,750 (81%)
Current vs Prior 7-Day Avg -42.60%
Calls: -45.22%
Puts: -42.00%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/27) $5.52M
Calls: $1.69M (31%)
Puts: $3.83M (69%)
Prior (07/24) $1.89M
Calls: $985.6K (52%)
Puts: $903.8K (48%)
Current vs Prior +192.11%
Calls: +71.29%
Puts: +323.85%
Prior 7-Day Total $42.26M
Calls: $15.66M (37%)
Puts: $26.60M (63%)
Prior 7-Day Average $6.04M
Calls: $2.24M (37%)
Puts: $3.80M (63%)
Current vs Prior 7-Day Avg -8.58%
Calls: -24.54%
Puts: +0.82%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/27) 4.60
Prior (07/24) 1.71
Current vs Prior +168.69%
Prior 7-Day Average 2.04
Current vs Prior 7-Day Avg +125.64%
Sentiment BEARISH

Open Interest

Detail
Current (07/27) 472,348
Calls: 107,892 (23%)
Puts: 364,456 (77%)
Prior (07/24) 176,373
Calls: 40,045 (23%)
Puts: 136,328 (77%)
Current vs Prior +167.81%
Prior 7-Day Total 2,715,037
Calls: 617,465 (23%)
Puts: 2,097,572 (77%)
Prior 7-Day Average 387,862
Calls: 88,209 (23%)
Puts: 299,653 (77%)
Current vs Prior 7-Day Avg +21.78%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 2.73% | 3.36%5.01% | 7.25%
Prior 2.73% | 3.61%4.63% | 6.48%
Current vs Prior +0.11% | -6.80%+8.19% | +11.93%
Prior 7-Day Avg 2.75% | 3.59%4.28% | 6.47%
Current vs 7-Day Avg -0.66% | -6.34%+16.96% | +12.05%
Prior 7-Day Eod 2.73% | 3.61%4.63% | 6.48%
Current vs 7-Day Eod +0.11% | -6.80%+8.19% | +11.93%
Sentiment BEARISHBEARISH

Relative Spread

Detail
Expiry | Next
Current 16.54% | 10.93%
Calls: 18.87% | 12.54%
Puts: 14.21% | 9.32%
Prior 226.74% | 162.83%
Calls: 228.70% | 154.69%
Puts: 224.77% | 170.98%
Current vs Prior -92.71% | -93.29%
Prior 7-Day Avg 63.86% | 37.68%
Calls: 68.69% | 35.24%
Puts: 59.02% | 40.11%
Current vs 7-Day Avg -74.10% | -70.99%
Liquidity Expensive
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🤖 AI Insights

Moderately bearish flow with 69% put dollar volume ($3.83M). Massive premium surge with dollar volume up 192% vs prior. Above-average activity with volume up 83% vs prior. Extreme bearish P/C ratio of 4.60 - heavy put buying.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BEARISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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. 72 found (avg delta 0.70, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$157.50Jul 3123.5028.00$25.7517.5%501.007
$171.00Jul 3110.0514.95$12.5039.2%41.00--
$174.00Jul 317.0511.95$9.5051.6%40.955
$175.00Jul 316.2511.00$8.6355.0%--0.9522
$170.00Aug 712.0016.00$14.0028.6%--0.9410
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$189.00Jul 313.507.40$5.4571.6%--0.9310
$190.00Jul 314.608.35$6.4857.9%--0.9110
$195.00Aug 2810.0014.90$12.4539.4%10.84--
$195.00Jul 319.5014.40$11.9541.0%20.836
$192.50Aug 147.5012.00$9.7546.2%10.75--

Most actively traded options today. High liquidity = easy entry/exit. 165 active (total vol 5.7K, top 1.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Aug 210.002.60$1.30200.0%2940.24905
$186.00Aug 70.174.95$2.56186.7%1020.3929
$157.00Jul 3124.6527.85$26.2512.2%500.877
$157.50Jul 3123.5028.00$25.7517.5%501.007
$178.00Jul 314.157.25$5.7054.4%500.6988
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$175.00Aug 211.271.85$1.5637.2%1.7K0.231.6K
$180.00Jul 310.131.21$0.67161.2%7530.251.2K
$171.00Aug 70.050.68$0.37170.3%4260.0921
$175.00Jul 310.010.40$0.21185.7%3140.083.1K
$174.00Aug 70.000.62$0.31200.0%2990.0936

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 55 strikes (avg 107.2%, max 328.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$170.00Jul 31Aug 2896.9%33.3%191.1%221
$177.00Jul 31Aug 2166.9%24.2%176.4%1100
$194.00Jul 31Aug 2183.3%30.4%173.7%--174
$187.50Jul 31Sep 458.0%23.4%148.1%414
$188.00Jul 31Aug 2858.5%23.7%146.7%1132
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$150.00Jul 31Aug 21166.7%38.9%328.2%--166
$164.00Jul 31Aug 21123.1%29.4%319.2%22101
$167.00Jul 31Aug 21110.1%29.2%277.1%296
$170.00Jul 31Aug 2196.9%27.7%249.9%131.4K
$172.50Jul 31Aug 785.6%25.2%239.5%5162

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 71 found (best R:R 37.46, avg 4.28)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$200.00$205.00Aug 21$0.16$4.84$0.1630.25$200.16
$187.00$188.00Aug 14$0.12$0.88$0.127.33$187.12
$187.50$195.00Sep 4$1.25$6.25$1.255.00$188.75
$189.00$191.00Aug 14$0.35$1.65$0.354.71$189.35
$171.00$172.00Aug 21$0.18$0.82$0.184.56$171.18
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$155.00$150.00Aug 21$0.13$4.87$0.1337.46$154.87
$160.00$155.00Aug 21$0.14$4.86$0.1434.71$159.86
$167.50$165.00Aug 14$0.10$2.40$0.1024.00$167.40
$165.00$155.00Aug 28$0.55$9.45$0.5517.18$164.45
$180.00$179.00Aug 7$0.10$0.90$0.109.00$179.90

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 102 found (best R:R 36.04, avg 2.19)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$160.00$170.00Jul 31$9.73$9.73$0.2736.04$169.73
$150.00$157.00Jul 31$6.70$6.70$0.3022.33$156.70
$174.00$175.00Jul 31$0.87$0.87$0.136.69$174.87
$188.00$189.00Aug 21$0.85$0.85$0.155.67$188.85
$170.00$178.00Aug 14$6.77$6.77$1.235.50$176.77
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$187.00$184.00Jul 31$2.64$2.64$0.367.33$184.36
$187.00$186.00Aug 21$0.87$0.87$0.136.69$186.13
$157.00$155.00Jul 31$1.66$1.66$0.344.88$155.34
$189.00$187.50Jul 31$1.23$1.23$0.274.56$187.77
$188.00$187.00Aug 21$0.80$0.80$0.204.00$187.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 50 found (avg debit $0.95, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$188.00Jul 31Aug 14$0.0858.5%28.8%
$184.00Jul 31Aug 7$0.1038.2%23.7%
$183.00Jul 31Aug 7$0.1215.5%23.4%
$187.00Jul 31Aug 7$0.1353.8%33.3%
$196.00Jul 31Aug 21$0.2279.9%33.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$174.00Jul 31Aug 7$0.1133.0%22.2%
$175.00Jul 31Aug 7$0.1830.5%21.7%
$177.50Jul 31Aug 21$0.2062.0%26.0%
$161.00Jul 31Aug 21$0.2164.7%31.1%
$155.00Jul 31Aug 14$0.2367.6%42.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 62 found (cheapest 2.03% of stock, avg 5.74%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$182.50Jul 31$2.11$1.60$3.71$178.79$186.212.03%
$183.00Jul 31$3.01$1.21$4.22$178.78$187.222.30%
$184.00Jul 31$2.40$1.99$4.39$179.61$188.392.40%
$182.00Jul 31$3.31$1.41$4.72$177.28$186.722.58%
$180.00Jul 31$4.47$0.67$5.14$174.86$185.142.81%
$184.00Aug 7$2.50$3.03$5.53$178.47$189.533.02%
$189.00Jul 31$0.13$5.45$5.58$183.42$194.583.05%
$182.50Aug 7$3.28$2.74$6.02$176.48$188.523.29%
$183.00Aug 7$3.13$3.00$6.13$176.87$189.133.35%
$182.00Aug 7$3.71$2.77$6.48$175.52$188.483.54%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 134 found (cheapest 1.48% of stock, avg 3.12%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$185.00$182.00Jul 31$1.31$1.41$2.72$179.28$187.72
$185.00$182.50Jul 31$1.31$1.60$2.91$179.59$187.91
$185.00$179.00Jul 31$1.31$2.40$3.71$175.29$188.71
$185.00$178.00Jul 31$1.31$2.40$3.71$174.29$188.71
$185.00$176.00Aug 14$2.42$1.35$3.77$172.23$188.77
$186.00$176.00Aug 14$2.44$1.35$3.79$172.21$189.79
$184.00$182.00Jul 31$2.40$1.41$3.81$178.19$187.81
$187.00$182.00Jul 31$2.40$1.41$3.81$178.19$190.81
$188.00$182.00Jul 31$2.40$1.41$3.81$178.19$191.81
$185.00$181.00Jul 31$1.31$2.55$3.86$177.14$188.86

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 153 found (best R:R 14.63, avg credit $1.32)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
168/170182/183Aug 14$2.34$0.1614.63$167.66$184.84
176/178180/182Aug 14$1.86$0.1413.29$176.14$181.86
165/167170/171Jul 31$1.81$0.199.53$165.19$171.81
179/180181/182Aug 7$0.90$0.109.00$179.10$181.90
165/166188/189Aug 28$0.90$0.109.00$165.10$188.90
176/178184/185Aug 14$1.78$0.228.09$176.22$185.78
181/182183/184Aug 7$0.87$0.136.69$181.13$183.87
165/168170/178Aug 14$6.87$1.136.08$160.63$176.87
165/167177/178Jul 31$1.71$0.295.90$165.29$178.71
166/167175/176Aug 21$0.85$0.155.67$166.15$175.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 40 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$178.00$179.00$180.00Jul 31$0.05$0.9519.00
$179.00$180.00$181.00Jul 31$0.07$0.9313.29
$184.00$185.00$186.00Aug 7$0.10$0.909.00
$185.00$186.00$187.00Aug 14$0.14$0.866.14
$190.00$191.00$192.00Jul 31$0.16$0.845.25
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$161.00$162.00$163.00Aug 21$0.05$0.9519.00
$175.00$176.00$177.00Aug 21$0.07$0.9313.29
$174.00$175.00$176.00Aug 7$0.08$0.9211.50
$162.00$162.50$163.00Jul 31$0.06$0.447.33
$176.00$177.00$178.00Aug 7$0.12$0.887.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 74 found (best net $-4.59, 60 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$202.501:2Aug 7-$1.82$10.68
$195.00$205.001:2Aug 28-$1.79$8.21
$170.00$178.001:2Aug 14-$0.48$7.52
$187.50$195.001:2Sep 4-$1.15$6.35
$160.00$170.001:2Jul 31-$3.82$6.18
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$166.00$150.001:2Aug 7-$4.59$11.41
$165.00$155.001:2Aug 14-$0.18$9.82
$165.00$155.001:2Aug 28-$0.98$9.02
$155.00$150.001:2Aug 21-$0.03$4.97
$160.00$155.001:2Aug 21-$0.15$4.85

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 29 found (best yield 1.80%, avg 0.48%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$184.00Aug 21$3.300.490.4%1.80%2.24%1634
$185.00Sep 4$2.600.461.0%1.42%2.40%21
$185.00Aug 21$2.550.451.0%1.39%2.37%2888
$185.00Aug 28$2.250.441.0%1.23%2.21%16
$187.00Aug 21$1.390.362.1%0.76%2.83%1245
$189.00Aug 21$1.360.303.2%0.74%3.91%11.6K
$185.00Aug 14$1.300.401.0%0.71%1.69%--16
$187.50Sep 4$1.300.392.4%0.71%3.06%2--
$186.00Aug 14$1.220.371.5%0.67%2.19%--23
$184.00Aug 14$1.150.460.4%0.63%1.06%293

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 2,488
Total Puts 11,455
Put/Call Ratio 4.60
Net Difference -8,967

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 31,791
Total Puts 138,250
Average Put/Call Ratio 2.04
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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