Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$769.34 -0.23%
8/28 15:21

Option Volume

Detail
Current (08/28) 10,910,104
Calls: 5,368,935 (49%)
Puts: 5,541,169 (51%)
Prior (08/27) 10,149,848
Calls: 5,054,820 (50%)
Puts: 5,095,028 (50%)
Current vs Prior +7.49%
Calls: +6.21% (Calls)
Puts: +8.76% (Puts)
Prior 7-Day Total 53,142,292
Calls: 24,761,302 (47%)
Puts: 28,380,990 (53%)
Prior 7-Day Average 8,857,048
Calls: 3,537,328 (47%)
Puts: 4,054,427 (53%)
Current vs Prior 7-Day Avg +23.18%
Calls: +51.78%
Puts: +36.67%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/28) $1.36B
Calls: $398.25M (29%)
Puts: $962.49M (71%)
Prior (08/27) $991.20M
Calls: $596.61M (60%)
Puts: $394.58M (40%)
Current vs Prior +37.28%
Calls: -33.25%
Puts: +143.93%
Prior 7-Day Total $6.32B
Calls: $3.02B (48%)
Puts: $3.30B (52%)
Prior 7-Day Average $1.05B
Calls: $431.87M (48%)
Puts: $471.46M (52%)
Current vs Prior 7-Day Avg +29.11%
Calls: -7.79%
Puts: +104.15%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/28) 1.03
Prior (08/27) 1.01
Current vs Prior +2.39%
Prior 7-Day Average 1.15
Current vs Prior 7-Day Avg -10.19%
Sentiment BEARISH

Open Interest

Detail
Current (08/28) 8,826,225
Calls: 2,433,290 (28%)
Puts: 6,392,935 (72%)
Prior (08/27) 8,676,709
Calls: 2,420,112 (28%)
Puts: 6,256,597 (72%)
Current vs Prior +1.72%
Prior 7-Day Total 58,092,274
Calls: 15,803,793 (27%)
Puts: 42,288,481 (73%)
Prior 7-Day Average 9,682,045
Calls: 2,633,965 (27%)
Puts: 7,048,080 (73%)
Current vs Prior 7-Day Avg -8.84%
Sentiment BULLISH

Expected Move

Detail
Expiry (08/28) | Next (08/31)Expiry (08/28) | Next (08/31)Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 0.21% | 0.57%0.21% | 0.57%0.21% | 1.18%2.27% | 3.75%
Prior 0.62% | 0.81%0.62% | 0.81%0.62% | 1.33%2.37% | 3.83%
Current vs Prior -66.45% | -30.46%-66.44% | -30.46%-66.44% | -11.77%-4.05% | -1.88%
Prior 7-Day Avg 0.53% | 0.77%0.41% | 0.82%0.76% | 1.54%1.78% | 3.68%
Current vs 7-Day Avg -60.82% | -26.71%-49.82% | -31.41%-72.66% | -23.49%+27.34% | +1.89%
Prior 7-Day Eod 0.62% | 0.81%0.62% | 0.81%0.62% | 1.33%2.37% | 3.83%
Current vs 7-Day Eod -66.45% | -30.46%-66.44% | -30.46%-66.44% | -11.77%-4.05% | -1.88%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.83% | 0.46%
Calls: 1.47% | 0.47%
Puts: 2.20% | 0.45%
Prior 1.68% | 1.40%
Calls: 0.52% | 1.10%
Puts: 2.83% | 1.69%
Current vs Prior +8.93% | -67.14%
Prior 7-Day Avg 1.46% | 1.02%
Calls: 1.41% | 0.97%
Puts: 1.52% | 1.07%
Current vs 7-Day Avg +24.91% | -54.98%
Liquidity Excellent
+
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🤖 AI Insights

Moderately bearish flow with 71% put dollar volume ($962.49M). Slightly bearish P/C ratio of 1.03. Put-heavy open interest (6,392,935 puts vs 2,433,290 calls) suggests hedging or bearish positioning.

Smart Money BEARISH
Retail Flow NEUTRAL
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BEARISH
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 2,514 of results (avg 3.1%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$625.00Aug 28144.28144.48$144.380.1%61.004
$670.00Aug 2899.2899.48$99.380.2%21.007
$675.00Aug 2894.2894.47$94.380.2%21.0011
$680.00Aug 2889.2889.47$89.380.2%81.008
$635.00Aug 28134.17134.47$134.320.2%11.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$890.00Aug 28120.53120.72$120.630.2%41.00--
$885.00Aug 28115.53115.72$115.630.2%31.00--
$875.00Aug 28105.53105.72$105.630.2%101.00--
$860.00Aug 2890.5490.72$90.630.2%11.00--
$865.00Aug 2895.5395.72$95.630.2%21.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 834 found (avg $0.35, cheapest $0.11)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$771.00Aug 280.070.08$0.0812.5%491.2K0.1111.4K
$770.00Aug 280.230.24$0.244.2%468.4K0.2919.6K
$769.00Aug 280.670.68$0.681.5%265.3K0.603.9K
$777.00Aug 310.060.07$0.0714.3%32.8K0.041.7K
$776.00Aug 310.110.12$0.128.3%31.1K0.063.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$768.00Aug 280.100.11$0.119.1%459.0K0.1510.5K
$769.00Aug 280.350.36$0.362.8%526.2K0.405.9K
$770.00Aug 280.900.92$0.912.2%645.4K0.7013.1K
$760.00Aug 310.160.17$0.175.9%24.1K0.0637.0K
$758.00Aug 310.100.11$0.119.1%3.7K0.043.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,368 found (avg delta 0.89, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$620.00Aug 28149.08149.48$149.280.3%--1.0018
$625.00Aug 28144.28144.48$144.380.1%61.004
$630.00Aug 28139.10139.48$139.290.3%51.0012
$635.00Aug 28134.17134.47$134.320.2%11.002
$645.00Aug 28124.13124.48$124.310.3%11.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$788.00Sep 417.3220.24$18.7815.5%41.00--
$795.00Sep 424.1427.00$25.5711.2%91.00--
$799.00Sep 428.1531.24$29.7010.4%11.00--
$800.00Sep 429.1532.24$30.7010.1%51.0041
$825.00Sep 454.1957.24$55.725.5%21.00--

Most actively traded options today. High liquidity = easy entry/exit. 2,933 active (total vol 10.9M, top 645.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$772.00Aug 280.020.03$0.0333.3%548.5K0.0411.5K
$775.00Aug 280.010.02$0.0250.0%519.0K0.0214.0K
$773.00Aug 280.010.02$0.0250.0%503.9K0.024.5K
$771.00Aug 280.070.08$0.0812.5%491.2K0.1111.4K
$770.00Aug 280.230.24$0.244.2%468.4K0.2919.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$770.00Aug 280.900.92$0.912.2%645.4K0.7013.1K
$769.00Aug 280.350.36$0.362.8%526.2K0.405.9K
$768.00Aug 280.100.11$0.119.1%459.0K0.1510.5K
$771.00Aug 281.731.76$1.751.7%395.6K0.896.8K
$772.00Aug 282.612.74$2.684.9%324.6K0.963.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 51.5%, max 54.3%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$768.00Aug 28Oct 916.8%10.9%54.3%95.1K10.6K
$770.00Aug 28Oct 916.4%10.7%53.4%468.4K19.6K
$769.00Aug 28Oct 915.8%10.8%46.7%265.4K3.9K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$768.00Aug 28Oct 916.8%10.9%54.3%459.0K10.5K
$770.00Aug 28Oct 916.4%10.7%53.4%645.5K13.1K
$769.00Aug 28Oct 915.8%10.8%46.7%526.2K5.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 751 found (best R:R 2.12, avg 3.74)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$742.00$743.00Sep 18$0.20$0.80$0.2086%4.00$742.20
$749.00$750.00Sep 30$0.10$0.90$0.1076%9.00$749.10
$743.00$744.00Sep 30$0.17$0.83$0.1781%4.88$743.17
$728.00$729.00Sep 18$0.35$0.65$0.3593%1.86$728.35
$738.00$740.00Sep 25$1.14$0.86$1.1486%0.75$739.14
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$785.00$783.00Sep 25$0.64$1.36$0.6476%2.12$784.36
$788.00$786.00Sep 30$0.72$1.28$0.7278%1.78$787.28
$785.00$784.00Sep 11$0.14$0.86$0.1487%6.14$784.86
$784.00$782.00Sep 9$1.21$0.79$1.2190%0.65$782.79
$782.00$781.00Sep 8$0.38$0.62$0.3888%1.63$781.62

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 554 found (best R:R 1.44, avg 0.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$770.00$771.00Oct 9$0.59$0.59$0.4152%1.44$770.59
$770.00$771.00Sep 25$0.58$0.58$0.4253%1.38$770.58
$770.00$771.00Oct 2$0.58$0.58$0.4253%1.38$770.58
$770.00$771.00Sep 30$0.58$0.58$0.4252%1.38$770.58
$770.00$771.00Sep 18$0.58$0.58$0.4252%1.38$770.58
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$769.00$768.00Aug 28$0.25$0.25$0.7560%0.33$768.75
$764.00$763.00Aug 31$0.12$0.12$0.8883%0.14$763.88
$763.00$762.00Sep 1$0.14$0.14$0.8681%0.16$762.86
$759.00$758.00Sep 3$0.12$0.12$0.8884%0.14$758.88
$766.00$765.00Aug 31$0.19$0.19$0.8174%0.23$765.81

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $1.42, cheapest $1.38)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Aug 28Aug 31$1.4715.8%6.5%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Aug 28Aug 31$1.3815.8%6.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,106 found (cheapest 0.14% of stock, avg 3.89%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$769.00Aug 28$0.68$0.36$1.04$767.96$770.040.14%
$770.00Aug 28$0.24$0.91$1.15$768.85$771.150.15%
$768.00Aug 28$1.44$0.11$1.55$766.45$769.550.20%
$771.00Aug 28$0.08$1.75$1.83$769.17$772.830.24%
$767.00Aug 28$2.38$0.04$2.42$764.58$769.420.31%
$772.00Aug 28$0.03$2.68$2.71$769.29$774.710.35%
$766.00Aug 28$3.37$0.03$3.40$762.60$769.400.44%
$773.00Aug 28$0.02$3.61$3.63$769.37$776.630.47%
$770.00Aug 31$1.61$2.20$3.81$766.19$773.810.50%
$769.00Aug 31$2.15$1.74$3.89$765.11$772.890.51%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 356 found (cheapest 0.02% of stock, avg 1.37%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$771.00$768.00Aug 28$0.08$0.11$0.19$767.81$771.19
$771.00$767.00Aug 28$0.08$0.04$0.12$766.88$771.12
$770.00$767.00Aug 28$0.24$0.04$0.28$766.72$770.28
$770.00$768.00Aug 28$0.24$0.11$0.35$767.65$770.35
$771.00$769.00Aug 28$0.08$0.36$0.44$768.56$771.44
$770.00$769.00Aug 28$0.24$0.36$0.60$768.40$770.60
$774.00$765.00Aug 31$0.33$0.63$0.96$764.04$774.96
$773.00$765.00Aug 31$0.52$0.63$1.15$763.85$774.15
$774.00$766.00Aug 31$0.33$0.82$1.15$764.85$775.15
$773.00$766.00Aug 31$0.52$0.82$1.34$764.66$774.34

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 425 found (best R:R 0.96, avg credit $0.46)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
752/753775/776Sep 9$0.49$0.5152%0.96$752.51$775.49
753/754775/776Sep 8$0.47$0.5354%0.89$753.53$775.47
744/745777/778Sep 18$0.53$0.4748%1.13$744.47$777.53
754/755775/776Sep 9$0.51$0.4950%1.04$754.49$775.51
743/744777/778Sep 18$0.52$0.4848%1.08$743.48$777.52
748/749777/778Sep 18$0.56$0.4444%1.27$748.44$777.56
746/747777/778Sep 18$0.54$0.4646%1.17$746.46$777.54
753/754776/777Sep 8$0.43$0.5757%0.75$753.57$776.43
745/746777/778Sep 18$0.53$0.4747%1.13$745.47$777.53
753/754775/776Sep 9$0.49$0.5151%0.96$753.51$775.49

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 317 found (best R:R 2.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$768.00$769.00$770.00Aug 28$0.32$0.6855%2.13
$769.00$770.00$771.00Aug 28$0.28$0.7249%2.57
$770.00$771.00$772.00Aug 28$0.11$0.8925%8.09
$767.00$768.00$769.00Aug 28$0.18$0.8234%4.56
$768.00$769.00$770.00Aug 31$0.08$0.9217%11.50
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$768.00$769.00$770.00Aug 28$0.30$0.7055%2.33
$770.00$771.00$772.00Aug 28$0.09$0.9125%10.11
$769.00$770.00$771.00Aug 28$0.29$0.7149%2.45
$767.00$768.00$769.00Aug 28$0.18$0.8234%4.56
$766.00$767.00$768.00Aug 31$0.06$0.9414%15.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,162 found (best net $-17.57, 1,153 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$695.001:2Oct 2-$17.57$42.43
$767.00$768.001:2Aug 28-$0.50$0.50
$850.00$865.001:2Oct 9-$0.03$14.97
$810.00$825.001:2Sep 10-$0.01$14.99
$805.00$830.001:2Sep 9-$0.02$24.98
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$825.00$800.001:2Sep 4-$5.68$19.32
$820.00$800.001:2Sep 3-$10.72$9.28
$800.00$787.001:2Sep 3-$4.84$8.16
$854.00$825.001:2Sep 4-$26.69$2.31
$771.00$770.001:2Aug 28-$0.07$0.93

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 321 found (best yield 1.71%, avg 0.40%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$770.00Oct 9$13.180.480.1%1.71%1.80%4734
$771.00Oct 9$12.590.470.2%1.64%1.85%713
$772.00Oct 9$12.020.460.3%1.56%1.91%5712
$773.00Oct 9$11.460.450.5%1.49%1.97%1718
$774.00Oct 9$10.920.440.6%1.42%2.03%451
$775.00Oct 9$10.390.420.7%1.35%2.09%17120
$776.00Oct 9$9.880.410.9%1.28%2.15%3647
$777.00Oct 9$9.380.401.0%1.22%2.21%208
$778.00Oct 9$8.900.391.1%1.16%2.28%14328
$779.00Oct 9$8.430.381.3%1.10%2.35%2114

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 5,368,935
Total Puts 5,541,169
Put/Call Ratio 1.03
Net Difference -172,234

Prior's Put/Call Breakdown

Total Calls 5,054,820
Total Puts 5,095,028
Put/Call Ratio 1.01
Net Difference -40,208

Prior 7-Day Put/Call Summary

Total Calls 24,761,302
Total Puts 28,380,990
Average Put/Call Ratio 1.15
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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