Tour v490
XLP
State StreetCnsmrStpSelSectSPDRETF
$85.37 +0.60%
$85.54 (+0.20%)🌙
as of 08/04 06:18 PM
(8/4 15:07) ◀
|
Tuesday, August 4, 2026 (6:18pm)
January 2026
|
▶ (8/5 15:07)
◀ 8/4 18:18 ▶

Option Volume

Detail
ℹ
Current (08/04) 31,882
Calls: 13,531 (42%)
Puts: 18,351 (58%)
Prior (08/03) 21,992
Calls: 12,455 (57%)
Puts: 9,537 (43%)
Current vs Prior +44.97%
Calls: +8.64% (Calls)
Puts: +92.42% (Puts)
Prior 7-Day Total 287,790
Calls: 84,983 (30%)
Puts: 202,807 (70%)
Prior 7-Day Average 41,112
Calls: 12,140 (30%)
Puts: 28,972 (70%)
Current vs Prior 7-Day Avg -22.45%
Calls: +11.45%
Puts: -36.66%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/04) $4.12M
Calls: $2.31M (56%)
Puts: $1.81M (44%)
Prior (08/03) $3.83M
Calls: $2.22M (58%)
Puts: $1.61M (42%)
Current vs Prior +7.64%
Calls: +4.11%
Puts: +12.51%
Prior 7-Day Total $52.15M
Calls: $16.27M (31%)
Puts: $35.88M (69%)
Prior 7-Day Average $7.45M
Calls: $2.32M (31%)
Puts: $5.13M (69%)
Current vs Prior 7-Day Avg -44.70%
Calls: -0.54%
Puts: -64.73%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04) 1.36
Prior (08/03) 0.77
Current vs Prior +77.12%
Prior 7-Day Average 2.17
Current vs Prior 7-Day Avg -37.61%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/04) 284,791
Calls: 63,564 (22%)
Puts: 221,227 (78%)
Prior (08/03) 482,249
Calls: 105,646 (22%)
Puts: 376,603 (78%)
Current vs Prior -40.95%
Prior 7-Day Total 2,486,348
Calls: 582,289 (23%)
Puts: 1,904,059 (77%)
Prior 7-Day Average 355,192
Calls: 83,184 (23%)
Puts: 272,008 (77%)
Current vs Prior 7-Day Avg -19.82%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.63% | 2.74%3.23% | 6.57%
Prior 1.77% | 2.16%3.39% | 5.24%
Current vs Prior +105.43% | +27.10%-4.74% | +25.32%
Prior 7-Day Avg 3.43% | 3.58%4.53% | 5.64%
Current vs 7-Day Avg +5.77% | -23.38%-28.57% | +16.47%
Prior 7-Day Eod 1.77% | 2.16%3.39% | 5.24%
Current vs 7-Day Eod +105.43% | +27.10%-4.74% | +25.32%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 15.31% | 7.65%
Calls: 17.11% | 7.76%
Puts: 13.51% | 7.55%
Prior 11.08% | 12.95%
Calls: 9.30% | 10.74%
Puts: 12.86% | 15.15%
Current vs Prior +38.18% | -40.93%
Prior 7-Day Avg 102.03% | 22.44%
Calls: 100.59% | 13.30%
Puts: 23.16% | 31.58%
Current vs 7-Day Avg -85.00% | -65.92%
Liquidity Expensive
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🤖 AI Insights

Bearish P/C ratio of 1.36 indicates protective positioning. P/C ratio rising 77% - increased hedging/bearish positioning. Put-heavy open interest (221,227 puts vs 63,564 calls) suggests hedging or bearish positioning. Declining open interest (down 41%) 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 NEUTRAL
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. 49 found (avg delta 0.71, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$75.00Aug 77.8012.60$10.2047.1%11.00--
$76.00Aug 76.7511.70$9.2353.6%21.001
$81.50Aug 71.705.80$3.75109.3%11.005
$82.00Aug 71.505.00$3.25107.7%11.004
$82.00Aug 211.406.10$3.75125.3%30.9022
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$87.00Aug 141.495.00$3.25108.0%11.00--
$87.50Aug 210.955.00$2.98135.9%101.00170
$88.00Aug 211.205.00$3.10122.6%201.00--
$87.50Aug 70.355.00$2.68173.5%20.89--
$87.00Aug 70.755.00$2.88147.6%60.86113

Most actively traded options today. High liquidity = easy entry/exit. 162 active (total vol 29.3K, top 4.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$88.00Sep 181.001.22$1.1119.8%2.5K0.382.0K
$87.00Sep 181.251.92$1.5942.1%2.5K0.471.4K
$86.00Aug 210.961.10$1.0313.6%1.7K0.593.5K
$84.50Aug 211.304.15$2.73104.4%1.6K0.65219
$85.50Aug 211.204.95$3.08121.8%7990.67127
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Aug 70.131.05$0.59155.9%4.0K0.474.8K
$83.50Aug 70.051.42$0.74185.1%4.0K0.32241
$80.00Sep 180.251.10$0.68125.0%2.7K0.1712.3K
$84.00Sep 181.061.80$1.4351.7%2.6K0.357.8K
$84.00Aug 140.004.80$2.40200.0%7190.38947

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 32 strikes (avg 134.2%, max 1028.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$89.00Aug 7Sep 18130.8%11.6%1028.1%132.1K
$88.50Aug 7Sep 4125.0%22.6%451.9%2547
$86.00Aug 7Sep 1892.7%19.4%377.7%2456.4K
$92.00Aug 21Sep 1857.1%15.8%261.6%18--
$86.50Aug 7Sep 11103.9%30.6%239.4%115187
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$82.50Aug 7Sep 11118.6%18.4%544.6%224.5K
$86.00Aug 7Sep 1892.7%19.4%377.7%2--
$87.00Aug 7Aug 1422.9%9.4%142.5%7113
$81.50Aug 7Sep 1126.2%14.7%78.5%31
$87.50Aug 7Aug 2125.2%15.2%65.7%12170

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 41 found (best R:R 9.00, avg 2.67)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$86.00$87.00Sep 18$0.13$0.87$0.136.69$86.13
$86.50$92.00Aug 28$0.82$4.68$0.825.71$87.32
$87.50$88.50Sep 4$0.21$0.79$0.213.76$87.71
$86.00$86.50Aug 21$0.11$0.39$0.113.55$86.11
$85.00$85.50Aug 7$0.13$0.37$0.132.85$85.13
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$88.50$87.00Aug 14$0.15$1.35$0.159.00$88.35
$85.00$84.00Sep 18$0.15$0.85$0.155.67$84.85
$78.00$77.00Sep 4$0.17$0.83$0.174.88$77.83
$83.00$82.00Sep 18$0.17$0.83$0.174.88$82.83
$81.00$80.00Aug 21$0.18$0.82$0.184.56$80.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 45 found (best R:R 4.56, avg 0.94)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$85.00$86.00Sep 4$0.82$0.82$0.184.56$85.82
$78.00$80.00Sep 18$1.62$1.62$0.384.26$79.62
$86.00$86.50Aug 28$0.39$0.39$0.113.55$86.39
$86.00$87.50Sep 4$1.14$1.14$0.363.17$87.14
$84.00$84.50Aug 7$0.33$0.33$0.171.94$84.33
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$84.00$83.00Sep 18$0.60$0.60$0.401.50$83.40
$86.00$85.00Sep 18$0.60$0.60$0.401.50$85.40
$90.00$86.00Sep 4$2.16$2.16$1.841.17$87.84
$76.00$75.00Aug 14$0.45$0.45$0.550.82$75.55
$78.00$77.00Sep 18$0.41$0.41$0.590.69$77.59

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 24 found (avg debit $0.57, cheapest $0.10)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$86.00Aug 7Aug 14$0.1092.7%33.3%
$85.50Aug 7Aug 14$0.1324.6%29.6%
$91.00Aug 21Sep 18$0.1523.0%17.7%
$87.50Aug 7Aug 14$0.1925.2%10.3%
$87.00Aug 7Aug 14$0.3022.9%9.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$84.50Aug 7Aug 14$0.1124.2%24.4%
$83.00Aug 7Aug 14$0.1221.5%22.7%
$82.00Aug 7Aug 21$0.2227.0%24.3%
$87.50Aug 7Aug 21$0.3025.2%15.2%
$79.00Aug 14Sep 18$0.3129.8%21.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 45 found (cheapest 1.51% of stock, avg 4.79%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$85.00Aug 7$0.70$0.59$1.29$83.71$86.291.51%
$85.50Aug 14$0.70$1.23$1.93$83.57$87.432.26%
$84.50Aug 14$1.42$0.59$2.01$82.49$86.512.35%
$85.00Aug 14$1.11$1.17$2.28$82.72$87.282.67%
$85.00Aug 21$1.53$1.18$2.71$82.29$87.713.17%
$87.50Aug 7$0.10$2.68$2.78$84.72$90.283.26%
$84.50Aug 7$2.32$0.48$2.80$81.70$87.303.28%
$86.50Aug 14$0.75$2.07$2.82$83.68$89.323.30%
$85.50Aug 7$0.57$2.40$2.97$82.53$88.473.48%
$84.00Aug 7$2.65$0.35$3.00$81.00$87.003.51%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 155 found (cheapest 1.08% of stock, avg 3.45%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$85.50$84.00Aug 7$0.57$0.35$0.92$83.08$86.42
$85.50$84.50Aug 7$0.57$0.48$1.05$83.45$86.55
$92.00$82.00Aug 28$0.57$0.52$1.09$80.91$93.09
$85.50$85.00Aug 7$0.57$0.59$1.16$83.84$86.66
$89.00$82.00Sep 18$0.50$0.66$1.16$80.84$90.16
$90.00$82.00Sep 18$0.50$0.66$1.16$80.84$91.16
$89.50$84.00Aug 21$0.49$0.69$1.18$82.82$90.68
$88.00$84.00Aug 21$0.58$0.69$1.27$82.73$89.27
$91.00$82.00Sep 18$0.63$0.66$1.29$80.71$92.29
$88.00$85.00Aug 14$0.13$1.17$1.30$83.70$89.30

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 61 found (best R:R 9.00, avg credit $0.72)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
83/8491/92Sep 18$0.90$0.109.00$83.10$91.90
77/7887/88Sep 18$0.89$0.118.09$77.11$87.89
77/7886/88Sep 4$1.31$0.196.89$76.69$87.31
75/7685/86Aug 14$0.86$0.146.14$75.14$85.86
77/7884/85Sep 18$0.86$0.146.14$77.14$84.86
84/8586/88Sep 4$1.27$0.235.52$83.73$87.27
79/8087/88Sep 18$0.80$0.204.00$79.20$87.80
84/8490/90Aug 21$0.39$0.113.55$83.61$89.89
88/8890/90Aug 21$0.39$0.113.55$87.61$89.89
82/8388/89Sep 18$0.78$0.223.55$82.22$88.78

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 16 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$89.00$90.00$91.00Sep 18$0.13$0.876.69
$87.00$87.50$88.00Aug 21$0.09$0.414.56
$86.50$87.00$87.50Aug 14$0.18$0.321.78
$84.00$84.50$85.00Aug 14$0.19$0.311.63
$88.00$89.00$90.00Sep 18$0.61$0.390.64
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$81.00$81.50$82.00Aug 21$0.05$0.459.00
$82.50$83.00$83.50Sep 4$0.05$0.459.00
$81.00$82.00$83.00Sep 18$0.11$0.898.09
$80.00$81.00$82.00Sep 18$0.14$0.866.14
$82.00$82.50$83.00Aug 21$0.11$0.393.55

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 49 found (best net $-1.08, 40 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$86.00$87.501:2Sep 4-$0.07$1.43
$89.00$90.001:2Sep 18-$0.50$0.50
$87.00$87.501:2Aug 7-$0.07$0.43
$86.50$87.001:2Aug 14-$0.11$0.39
$87.00$88.001:2Sep 18-$0.63$0.37
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$90.00$86.001:2Sep 4-$1.08$2.92
$78.00$75.001:2Aug 21-$0.36$2.64
$80.00$77.001:2Aug 28-$0.69$2.31
$80.00$78.001:2Aug 21-$0.09$1.91
$80.00$78.001:2Sep 4-$0.66$1.34

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 20 found (best yield 1.64%, avg 0.58%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$86.00Sep 18$1.400.550.7%1.64%2.38%1753.1K
$87.00Sep 18$1.250.471.9%1.46%3.37%2.5K1.4K
$85.50Aug 28$1.010.490.1%1.18%1.34%5--
$88.00Sep 18$1.000.383.1%1.17%4.25%2.5K2.0K
$86.00Aug 21$0.960.590.7%1.12%1.86%1.7K3.5K
$86.00Aug 28$0.770.440.7%0.90%1.64%2647
$86.50Aug 21$0.740.571.3%0.87%2.19%114634
$86.00Sep 4$0.450.470.7%0.53%1.27%17
$87.00Aug 21$0.390.541.9%0.46%2.37%81.7K
$92.00Sep 18$0.250.147.8%0.29%8.06%8--

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 13,531
Total Puts 18,351
Put/Call Ratio 1.36
Net Difference -4,820

Prior's Put/Call Breakdown

Total Calls 12,455
Total Puts 9,537
Put/Call Ratio 0.77
Net Difference 2,918

Prior 7-Day Put/Call Summary

Total Calls 84,983
Total Puts 202,807
Average Put/Call Ratio 2.17
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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