Tour v528
SPX
S & P 500 INDEX
$7705.78 -0.76%
(9/22 15:12) ◀
|
Wednesday, September 23, 2026 (3:29pm)
January 2026
|
▶ (9/24 15:06)
◀ 9/23 15:29 ▶

Option Volume

Detail
ℹ
Current (09/23) 3,981,417
Calls: 1,875,696 (47%)
Puts: 2,105,721 (53%)
Prior (09/22) 2,844,787
Calls: 1,491,231 (52%)
Puts: 1,353,556 (48%)
Current vs Prior +39.95%
Calls: +25.78% (Calls)
Puts: +55.57% (Puts)
Prior 7-Day Total 26,109,620
Calls: 13,218,384 (51%)
Puts: 12,891,236 (49%)
Prior 7-Day Average 3,729,945
Calls: 1,888,340 (51%)
Puts: 1,841,605 (49%)
Current vs Prior 7-Day Avg +6.74%
Calls: -0.67%
Puts: +14.34%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (09/23) $2.39B
Calls: $483.84M (20%)
Puts: $1.91B (80%)
Prior (09/22) $1.12B
Calls: $717.64M (64%)
Puts: $401.91M (36%)
Current vs Prior +113.80%
Calls: -32.58%
Puts: +375.17%
Prior 7-Day Total $35.58B
Calls: $21.85B (61%)
Puts: $13.73B (39%)
Prior 7-Day Average $5.08B
Calls: $3.12B (61%)
Puts: $1.96B (39%)
Current vs Prior 7-Day Avg -52.91%
Calls: -84.50%
Puts: -2.64%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (09/23) 1.12
Prior (09/22) 0.91
Current vs Prior +23.68%
Prior 7-Day Average 1.00
Current vs Prior 7-Day Avg +12.13%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (09/23) 2,301,342
Calls: 879,192 (38%)
Puts: 1,422,150 (62%)
Prior (09/22) 1,401,001
Calls: 474,044 (34%)
Puts: 926,957 (66%)
Current vs Prior +64.26%
Prior 7-Day Total 22,325,584
Calls: 9,072,419 (41%)
Puts: 13,253,165 (59%)
Prior 7-Day Average 3,189,369
Calls: 1,814,483 (49%)
Puts: 1,893,309 (51%)
Current vs Prior 7-Day Avg -27.84%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (09/23) | Next (09/24)Expiry (09/23) | Next (09/25)Expiry (09/25) | Next (--)
Current 0.13% | 0.51%0.13% | 0.73%0.73% | --
Prior 0.11% | 0.43%0.43% | 0.76%0.76% | --
Current vs Prior +13.55% | +17.54%-70.16% | -4.29%-4.29% | --
Prior 7-Day Avg 0.36% | 0.71%0.36% | 0.89%0.90% | 1.14%
Current vs 7-Day Avg -63.66% | -27.65%-64.26% | -17.74%-18.79% | --
Prior 7-Day Eod 0.11% | 0.44%0.43% | 0.76%0.76% | --
Current vs 7-Day Eod +13.55% | +17.54%-70.16% | -4.29%-4.29% | --
Sentiment BEARISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 4.13% | 1.02%
Calls: 4.88% | 1.02%
Puts: 3.39% | 1.02%
Prior 2.55% | 1.20%
Calls: 3.23% | 1.08%
Puts: 1.87% | 1.32%
Current vs Prior +61.96% | -15.00%
Prior 7-Day Avg 2.23% | 0.88%
Calls: 1.96% | 0.89%
Puts: 2.51% | 0.88%
Current vs 7-Day Avg +84.96% | +15.91%
Liquidity Good
+
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🤖 AI Insights

Strong bearish conviction with 80% of dollar volume in puts ($1.91B) vs calls ($483.84M). Massive premium surge with dollar volume up 114% vs prior. Slightly bearish P/C ratio of 1.12. Put-heavy open interest (1,422,150 puts vs 879,192 calls) suggests hedging or bearish positioning.

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 BULLISH
Current NEUTRAL
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

📈 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 1,337 of results (avg 3.7%, best 0.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7650.00Sep 3086.5086.70$86.600.2%1.5K0.682.7K
$7655.00Sep 3082.7082.90$82.800.2%950.67288
$7665.00Sep 3075.3075.50$75.400.3%590.64309
$7660.00Sep 2973.5073.70$73.600.3%30.6771
$7670.00Sep 3071.7071.90$71.800.3%1670.62176
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7765.00Sep 3073.6073.80$73.700.3%1050.70124
$7750.00Sep 3064.2064.40$64.300.3%9680.653.6K
$7745.00Sep 3061.3061.50$61.400.3%1250.64219
$7750.00Sep 2959.2059.40$59.300.3%1110.67247
$7740.00Sep 3058.5058.70$58.600.3%2030.62239

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 226 found (avg $0.61, cheapest $0.32)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7720.00Sep 230.300.35$0.3215.6%143.5K0.061.0K
$7715.00Sep 230.800.85$0.836.0%119.9K0.14532
$7800.00Sep 240.450.50$0.4810.4%11.0K0.033.1K
$7820.00Sep 240.250.30$0.2817.9%1.5K0.01883
$7795.00Sep 240.550.60$0.578.8%2.3K0.03634
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7690.00Sep 230.300.35$0.3215.6%107.9K0.083.4K
$7695.00Sep 230.600.70$0.6515.4%116.0K0.152.0K
$7585.00Sep 240.850.90$0.885.7%5.5K0.03832
$7590.00Sep 240.951.00$0.985.1%1.2K0.04289
$7560.00Sep 240.500.60$0.5518.2%4.7K0.02322

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 822 found (avg delta 0.91, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7000.00Sep 23695.50715.50$705.502.8%31.003
$7100.00Sep 23595.50614.20$604.853.1%201.0025
$6600.00Sep 241097.701115.40$1106.551.6%11.0011
$6625.00Sep 241075.001090.40$1082.701.4%--1.0010
$6550.00Sep 251150.201167.60$1158.901.5%--1.0010
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8800.00Sep 231084.501104.50$1094.501.8%11.001
$8800.00Sep 241084.901102.30$1093.601.6%11.00--
$8450.00Sep 25731.70749.30$740.502.4%--1.0010
$8500.00Sep 25780.40799.40$789.902.4%--1.0010
$7880.00Sep 23173.40174.70$174.050.7%21.001

Most actively traded options today. High liquidity = easy entry/exit. 1,798 active (total vol 4.0M, top 218.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7720.00Sep 230.300.35$0.3215.6%143.5K0.061.0K
$7725.00Sep 230.150.20$0.1827.8%131.9K0.031.7K
$7730.00Sep 230.100.15$0.1338.5%129.7K0.021.4K
$7715.00Sep 230.800.85$0.836.0%119.9K0.14532
$7740.00Sep 230.050.10$0.0862.5%105.8K0.01595
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7700.00Sep 231.401.50$1.456.9%218.1K0.294.0K
$7710.00Sep 235.806.00$5.903.4%158.1K0.712.1K
$7705.00Sep 233.003.10$3.053.3%149.0K0.502.8K
$7715.00Sep 239.709.90$9.802.0%125.1K0.862.2K
$7695.00Sep 230.600.70$0.6515.4%116.0K0.152.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 29.1%, max 34.5%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$7695.00Sep 23Sep 3013.7%10.2%34.5%11.9K1.5K
$7700.00Sep 23Sep 3013.0%10.1%29.2%39.3K6.2K
$7710.00Sep 23Sep 3012.6%9.8%28.4%96.2K1.5K
$7705.00Sep 23Sep 3012.4%9.9%25.1%57.2K837
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$7695.00Sep 23Sep 3013.7%10.2%34.5%116.2K2.2K
$7700.00Sep 23Sep 3013.0%10.1%29.2%220.4K12.3K
$7710.00Sep 23Sep 3012.6%9.8%28.4%158.5K4.2K
$7705.00Sep 23Sep 3012.3%9.9%23.3%149.2K3.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 463 found (best R:R 2.33, avg 11.70)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$7400.00$7405.00Sep 30$1.90$3.10$1.9096%1.63$7401.90
$7460.00$7465.00Sep 23$2.95$2.05$2.95100%0.69$7462.95
$7340.00$7345.00Sep 30$3.00$2.00$3.0097%0.67$7343.00
$7070.00$7075.00Sep 30$3.15$1.85$3.1599%0.59$7073.15
$6600.00$6605.00Sep 30$3.30$1.70$3.30100%0.52$6603.30
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$7955.00$7950.00Sep 30$1.50$3.50$1.5098%2.33$7953.50
$7905.00$7900.00Sep 30$3.15$1.85$3.1596%0.59$7901.85
$7780.00$7775.00Sep 29$3.10$1.90$3.1078%0.61$7776.90
$7770.00$7765.00Sep 28$3.15$1.85$3.1578%0.59$7766.85
$7695.00$7690.00Sep 30$1.75$3.25$1.7546%1.86$7693.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 382 found (best R:R 1.08, avg 0.23)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$7725.00$7730.00Sep 30$2.60$2.60$2.4056%1.08$7727.60
$7710.00$7715.00Sep 29$2.80$2.80$2.2052%1.27$7712.80
$7715.00$7720.00Sep 29$2.70$2.70$2.3053%1.17$7717.70
$7710.00$7715.00Sep 30$2.80$2.80$2.2052%1.27$7712.80
$7715.00$7720.00Sep 28$2.65$2.65$2.3554%1.13$7717.65
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$7460.00$7455.00Sep 28$0.10$0.10$4.9097%0.02$7459.90
$7410.00$7405.00Sep 29$0.10$0.10$4.9097%0.02$7409.90
$7360.00$7355.00Sep 30$0.10$0.10$4.9097%0.02$7359.90
$7610.00$7605.00Sep 24$0.20$0.20$4.8094%0.04$7609.80
$7535.00$7530.00Sep 25$0.11$0.11$4.8996%0.02$7534.89

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $15.02, cheapest $15.60)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7705.00Sep 23Sep 24$15.6012.4%11.1%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7705.00Sep 23Sep 24$14.4512.3%11.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 727 found (cheapest 0.09% of stock, avg 2.94%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$7705.00Sep 23$4.10$3.05$7.15$7697.85$7712.150.09%
$7710.00Sep 23$1.92$5.90$7.82$7702.18$7717.820.10%
$7700.00Sep 23$7.50$1.45$8.95$7691.05$7708.950.12%
$7715.00Sep 23$0.83$9.80$10.63$7704.37$7725.630.14%
$7695.00Sep 23$11.70$0.65$12.35$7682.65$7707.350.16%
$7720.00Sep 23$0.32$14.40$14.72$7705.28$7734.720.19%
$7690.00Sep 23$16.35$0.32$16.67$7673.33$7706.670.22%
$7725.00Sep 23$0.18$19.20$19.38$7705.62$7744.380.25%
$7685.00Sep 23$21.15$0.18$21.33$7663.67$7706.330.28%
$7730.00Sep 23$0.13$24.15$24.28$7705.72$7754.280.32%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 137 found (cheapest 0.01% of stock, avg 0.64%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$7720.00$7690.00Sep 23$0.32$0.32$0.64$7689.36$7720.64
$7715.00$7690.00Sep 23$0.83$0.32$1.15$7688.85$7716.15
$7720.00$7695.00Sep 23$0.32$0.65$0.97$7694.03$7720.97
$7715.00$7695.00Sep 23$0.83$0.65$1.48$7693.52$7716.48
$7720.00$7700.00Sep 23$0.32$1.45$1.77$7698.23$7721.77
$7710.00$7695.00Sep 23$1.92$0.65$2.57$7692.43$7712.57
$7715.00$7700.00Sep 23$0.83$1.45$2.28$7697.72$7717.28
$7710.00$7690.00Sep 23$1.92$0.32$2.24$7687.76$7712.24
$7710.00$7700.00Sep 23$1.92$1.45$3.37$7696.63$7713.37
$7705.00$7700.00Sep 23$4.10$1.45$5.55$7694.45$7710.55

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 219 found (best R:R 0.72, avg credit $1.65)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
7355/73607750/7755Sep 30$2.10$2.9062%0.72$7357.90$7752.10
7355/73607755/7760Sep 30$2.00$3.0064%0.67$7358.00$7757.00
7405/74107750/7755Sep 30$2.15$2.8561%0.75$7407.85$7752.15
7375/73807750/7755Sep 30$2.10$2.9061%0.72$7377.90$7752.10
7380/73857750/7755Sep 30$2.10$2.9061%0.72$7382.90$7752.10
7405/74107755/7760Sep 30$2.05$2.9562%0.69$7407.95$7757.05
7415/74207750/7755Sep 30$2.15$2.8560%0.75$7417.85$7752.15
7385/73907750/7755Sep 30$2.10$2.9061%0.72$7387.90$7752.10
7375/73807755/7760Sep 30$2.00$3.0063%0.67$7378.00$7757.00
7405/74107745/7750Sep 29$2.05$2.9562%0.69$7407.95$7747.05

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 550 found (best R:R 5.25, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$7695.00$7700.00$7705.00Sep 23$0.80$4.2035%5.25
$7690.00$7695.00$7700.00Sep 23$0.45$4.5522%10.11
$7685.00$7690.00$7695.00Sep 23$0.15$4.8511%32.33
$7700.00$7705.00$7710.00Sep 24$0.10$4.909%49.00
$7685.00$7690.00$7695.00Sep 24$0.10$4.908%49.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$7695.00$7700.00$7705.00Sep 23$0.80$4.2035%5.25
$7690.00$7695.00$7700.00Sep 23$0.47$4.5322%9.64
$7700.00$7705.00$7710.00Sep 24$0.10$4.909%49.00
$7705.00$7710.00$7715.00Sep 25$0.05$4.956%99.00
$7685.00$7690.00$7695.00Sep 23$0.19$4.8111%25.32

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,435 found (best net $-135.50, 1,425 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7100.00$7340.001:2Sep 29-$135.50$104.50
$7700.00$7705.001:2Sep 23-$0.70$4.30
$7695.00$7700.001:2Sep 23-$3.30$1.70
$8400.00$8600.001:2Sep 29$0.00$200.00
$8300.00$8400.001:2Sep 29-$0.07$99.93
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$7710.00$7705.001:2Sep 23-$0.20$4.80
$7715.00$7710.001:2Sep 23-$2.00$3.00
$7690.00$7685.001:2Sep 23-$0.04$4.96
$7685.00$7680.001:2Sep 23-$0.08$4.92
$7680.00$7675.001:2Sep 23-$0.03$4.97

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 132 found (best yield 0.59%, avg 0.16%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$7710.00Sep 30$45.800.480.1%0.59%0.65%327898
$7715.00Sep 30$43.000.470.1%0.56%0.68%387239
$7720.00Sep 30$40.300.450.2%0.52%0.71%544288
$7725.00Sep 30$37.700.430.2%0.49%0.74%4691.7K
$7730.00Sep 30$35.100.420.3%0.46%0.77%446736
$7735.00Sep 30$32.700.400.4%0.42%0.80%4392.0K
$7740.00Sep 30$30.400.380.4%0.39%0.84%402369
$7745.00Sep 30$28.200.360.5%0.37%0.87%142164
$7710.00Sep 29$39.900.480.1%0.52%0.57%11280
$7715.00Sep 29$37.100.470.1%0.48%0.60%111177

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 1,875,696
Total Puts 2,105,721
Put/Call Ratio 1.12
Net Difference -230,025

Prior's Put/Call Breakdown

Total Calls 1,491,231
Total Puts 1,353,556
Put/Call Ratio 0.91
Net Difference 137,675

Prior 7-Day Put/Call Summary

Total Calls 13,218,384
Total Puts 12,891,236
Average Put/Call Ratio 1.00
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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