Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$769.45 -0.21%
8/28 15:26

Option Volume

Detail
Current (08/28) 10,993,467
Calls: 5,408,743 (49%)
Puts: 5,584,724 (51%)
Prior (08/27) 10,149,848
Calls: 5,054,820 (50%)
Puts: 5,095,028 (50%)
Current vs Prior +8.31%
Calls: +7.00% (Calls)
Puts: +9.61% (Puts)
Prior 7-Day Total 64,052,396
Calls: 30,130,237 (47%)
Puts: 33,922,159 (53%)
Prior 7-Day Average 9,150,342
Calls: 4,304,319 (47%)
Puts: 4,846,022 (53%)
Current vs Prior 7-Day Avg +20.14%
Calls: +25.66%
Puts: +15.24%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/28) $1.35B
Calls: $405.54M (30%)
Puts: $943.93M (70%)
Prior (08/27) $991.20M
Calls: $596.61M (60%)
Puts: $394.58M (40%)
Current vs Prior +36.15%
Calls: -32.03%
Puts: +139.22%
Prior 7-Day Total $7.68B
Calls: $3.42B (45%)
Puts: $4.26B (55%)
Prior 7-Day Average $1.10B
Calls: $488.77M (45%)
Puts: $608.96M (55%)
Current vs Prior 7-Day Avg +22.93%
Calls: -17.03%
Puts: +55.01%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/28) 1.03
Prior (08/27) 1.01
Current vs Prior +2.44%
Prior 7-Day Average 1.13
Current vs Prior 7-Day Avg -8.82%
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 66,918,499
Calls: 18,237,083 (27%)
Puts: 48,681,416 (73%)
Prior 7-Day Average 9,559,785
Calls: 2,605,297 (27%)
Puts: 6,954,488 (73%)
Current vs Prior 7-Day Avg -7.67%
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 0.20% | 0.56%0.20% | 0.56%0.20% | 1.17%2.27% | 3.75%
Prior 0.62% | 0.81%0.62% | 0.81%0.62% | 1.33%2.37% | 3.83%
Current vs Prior -67.51% | -31.43%-67.52% | -31.44%-67.52% | -12.17%-3.95% | -1.86%
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 -62.06% | -27.74%-51.42% | -32.37%-73.53% | -23.84%+27.47% | +1.91%
Prior 7-Day Eod 0.21% | 0.57%0.62% | 0.81%0.62% | 1.33%2.37% | 3.83%
Current vs 7-Day Eod -3.16% | -1.39%-67.52% | -31.44%-67.52% | -12.17%-3.95% | -1.86%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.30% | 0.94%
Calls: 1.39% | 0.92%
Puts: 1.22% | 0.95%
Prior 1.68% | 1.40%
Calls: 0.52% | 1.10%
Puts: 2.83% | 1.69%
Current vs Prior -22.62% | -32.86%
Prior 7-Day Avg 1.52% | 0.94%
Calls: 1.41% | 0.97%
Puts: 1.52% | 1.07%
Current vs 7-Day Avg -14.31% | -0.15%
Liquidity Excellent
+
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🤖 AI Insights

Moderately bearish flow with 70% put dollar volume ($943.93M). 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 2,515 of results (avg 3.1%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$620.00Aug 28149.28149.50$149.390.1%--1.0018
$625.00Aug 28144.27144.56$144.420.2%61.004
$696.00Aug 2873.3573.50$73.430.2%61.0055
$697.00Aug 2872.3572.50$72.430.2%41.0081
$699.00Aug 2870.3570.50$70.430.2%41.00126
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$890.00Aug 28120.50120.75$120.630.2%41.00--
$766.00Sep 309.139.15$9.140.2%1810.47394
$885.00Aug 28115.48115.74$115.610.2%31.00--
$763.00Sep 308.128.14$8.130.2%1950.42464
$865.00Aug 2895.4895.74$95.610.3%21.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 823 found (avg $0.35, cheapest $0.07)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$771.00Aug 280.060.07$0.0714.3%496.0K0.1111.4K
$770.00Aug 280.230.24$0.244.2%479.7K0.3119.6K
$769.00Aug 280.710.72$0.721.4%273.1K0.633.9K
$777.00Aug 310.060.07$0.0714.3%33.0K0.041.7K
$776.00Aug 310.110.12$0.128.3%31.3K0.063.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$768.00Aug 280.090.10$0.1010.0%466.7K0.1410.5K
$769.00Aug 280.290.30$0.303.3%534.7K0.375.9K
$770.00Aug 280.810.82$0.821.2%649.8K0.6913.1K
$759.00Aug 310.120.13$0.137.7%7.7K0.052.2K
$761.00Aug 310.200.21$0.214.8%9.8K0.083.0K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,367 found (avg delta 0.89, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$620.00Aug 28149.28149.50$149.390.1%--1.0018
$625.00Aug 28144.27144.56$144.420.2%61.004
$630.00Aug 28139.15139.53$139.340.3%51.0012
$635.00Aug 28134.16134.56$134.360.3%11.002
$645.00Aug 28124.14124.53$124.340.3%11.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$788.00Sep 417.2820.29$18.7916.0%41.00--
$795.00Sep 424.1427.00$25.5711.2%91.00--
$799.00Sep 428.1531.29$29.7210.6%11.00--
$800.00Sep 429.1532.29$30.7210.2%51.0041
$825.00Sep 454.1957.29$55.745.6%21.00--

Most actively traded options today. High liquidity = easy entry/exit. 2,937 active (total vol 11.0M, top 649.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$772.00Aug 280.020.03$0.0333.3%549.2K0.0411.5K
$775.00Aug 280.010.02$0.0250.0%519.5K0.0214.0K
$773.00Aug 280.010.02$0.0250.0%504.6K0.024.5K
$771.00Aug 280.060.07$0.0714.3%496.0K0.1111.4K
$770.00Aug 280.230.24$0.244.2%479.7K0.3119.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$770.00Aug 280.810.82$0.821.2%649.8K0.6913.1K
$769.00Aug 280.290.30$0.303.3%534.7K0.375.9K
$768.00Aug 280.090.10$0.1010.0%466.7K0.1410.5K
$771.00Aug 281.631.65$1.641.2%396.9K0.896.8K
$772.00Aug 282.582.66$2.623.1%324.7K0.963.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 51.5%, max 52.1%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$770.00Aug 28Oct 916.3%10.7%52.1%479.7K19.6K
$769.00Aug 28Oct 916.3%10.8%50.8%273.1K3.9K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$770.00Aug 28Oct 916.3%10.7%52.1%649.9K13.1K
$769.00Aug 28Oct 916.3%10.8%50.8%534.8K5.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 758 found (best R:R 4.26, avg 3.82)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$753.00$755.00Sep 25$0.38$1.62$0.3873%4.26$753.38
$748.00$750.00Sep 25$0.93$1.07$0.9378%1.15$748.93
$749.00$750.00Sep 30$0.14$0.86$0.1476%6.14$749.14
$711.00$712.00Sep 4$0.39$0.61$0.3999%1.56$711.39
$740.00$741.00Sep 8$0.37$0.63$0.3795%1.70$740.37
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$792.00$790.00Oct 2$0.89$1.11$0.8981%1.25$791.11
$800.00$797.00Oct 2$2.00$1.00$2.0089%0.50$798.00
$795.00$793.00Sep 30$1.13$0.87$1.1386%0.77$793.87
$784.00$782.00Sep 9$1.20$0.80$1.2090%0.67$782.80
$792.00$791.00Sep 18$0.33$0.67$0.3389%2.03$791.67

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 558 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$0.4252%1.38$770.58
$771.00$772.00Oct 9$0.58$0.58$0.4253%1.38$771.58
$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
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$769.00$768.00Aug 28$0.20$0.20$0.8063%0.25$768.80
$764.00$763.00Aug 31$0.11$0.11$0.8984%0.12$763.89
$760.00$759.00Sep 2$0.11$0.11$0.8985%0.12$759.89
$765.00$764.00Aug 31$0.14$0.14$0.8680%0.16$764.86
$758.00$757.00Sep 3$0.10$0.10$0.9086%0.11$757.90

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.38, cheapest $1.37)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Aug 28Aug 31$1.4616.3%6.4%
$770.00Aug 28Aug 31$1.3916.3%7.0%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Aug 28Aug 31$1.3716.3%6.4%
$770.00Aug 28Aug 31$1.2916.3%7.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,106 found (cheapest 0.13% of stock, avg 3.89%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$769.00Aug 28$0.72$0.30$1.02$767.98$770.020.13%
$770.00Aug 28$0.24$0.82$1.06$768.94$771.060.14%
$768.00Aug 28$1.51$0.10$1.61$766.39$769.610.21%
$771.00Aug 28$0.07$1.64$1.71$769.29$772.710.22%
$767.00Aug 28$2.46$0.04$2.50$764.50$769.500.32%
$772.00Aug 28$0.03$2.62$2.65$769.35$774.650.34%
$766.00Aug 28$3.44$0.03$3.47$762.53$769.470.45%
$773.00Aug 28$0.02$3.59$3.61$769.39$776.610.47%
$770.00Aug 31$1.63$2.11$3.74$766.26$773.740.49%
$769.00Aug 31$2.18$1.67$3.85$765.15$772.850.50%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 356 found (cheapest 0.01% of stock, avg 1.37%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$771.00$767.00Aug 28$0.07$0.04$0.11$766.89$771.11
$771.00$768.00Aug 28$0.07$0.10$0.17$767.83$771.17
$770.00$768.00Aug 28$0.24$0.10$0.34$767.66$770.34
$770.00$767.00Aug 28$0.24$0.04$0.28$766.72$770.28
$771.00$769.00Aug 28$0.07$0.30$0.37$768.63$771.37
$770.00$769.00Aug 28$0.24$0.30$0.54$768.46$770.54
$774.00$765.00Aug 31$0.33$0.60$0.93$764.07$774.93
$773.00$765.00Aug 31$0.52$0.60$1.12$763.88$774.12
$774.00$766.00Aug 31$0.33$0.78$1.11$764.89$775.11
$773.00$766.00Aug 31$0.52$0.78$1.30$764.70$774.30

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 416 found (best R:R 1.00, avg credit $0.46)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
750/751775/776Sep 10$0.50$0.5051%1.00$750.50$775.50
750/751776/777Sep 10$0.47$0.5354%0.89$750.53$776.47
750/751777/778Sep 10$0.44$0.5657%0.79$750.56$777.44
735/736779/780Sep 30$0.52$0.4849%1.08$735.48$779.52
738/739778/779Sep 25$0.52$0.4848%1.08$738.48$778.52
743/744778/779Sep 18$0.50$0.5050%1.00$743.50$778.50
739/740779/780Sep 30$0.54$0.4646%1.17$739.46$779.54
740/741778/779Sep 25$0.53$0.4747%1.13$740.47$778.53
748/749778/779Sep 18$0.54$0.4646%1.17$748.46$778.54
736/737779/780Sep 30$0.52$0.4848%1.08$736.48$779.52

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 329 found (best R:R 2.23, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$768.00$769.00$770.00Aug 28$0.31$0.6956%2.23
$769.00$770.00$771.00Aug 28$0.31$0.6953%2.23
$767.00$768.00$769.00Aug 28$0.16$0.8432%5.25
$770.00$771.00$772.00Aug 28$0.13$0.8727%6.69
$769.00$770.00$771.00Sep 1$0.05$0.9512%19.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$768.00$769.00$770.00Aug 28$0.32$0.6855%2.13
$769.00$770.00$771.00Aug 28$0.30$0.7052%2.33
$767.00$768.00$769.00Aug 28$0.14$0.8632%6.14
$768.00$769.00$770.00Aug 31$0.08$0.9216%11.50
$770.00$771.00$772.00Aug 31$0.08$0.9216%11.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,164 found (best net $-17.55, 1,155 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$695.001:2Oct 2-$17.55$42.45
$767.00$768.001:2Aug 28-$0.56$0.44
$850.00$865.001:2Oct 9-$0.01$14.99
$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-$5.70$19.30
$820.00$800.001:2Sep 3-$10.74$9.26
$800.00$787.001:2Sep 3-$4.84$8.16
$854.00$825.001:2Sep 4-$26.70$2.30
$771.00$770.001:2Aug 28$0.00$1.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 322 found (best yield 1.72%, avg 0.40%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$770.00Oct 9$13.250.480.1%1.72%1.79%4734
$771.00Oct 9$12.660.470.2%1.65%1.85%713
$772.00Oct 9$12.090.460.3%1.57%1.90%5712
$773.00Oct 9$11.530.450.5%1.50%1.96%1718
$774.00Oct 9$10.980.440.6%1.43%2.02%451
$775.00Oct 9$10.450.430.7%1.36%2.08%17120
$776.00Oct 9$9.940.410.8%1.29%2.14%4047
$777.00Oct 9$9.440.401.0%1.23%2.21%218
$778.00Oct 9$8.960.391.1%1.16%2.28%14328
$779.00Oct 9$8.490.381.2%1.10%2.34%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 5,408,743
Total Puts 5,584,724
Put/Call Ratio 1.03
Net Difference -175,981

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 30,130,237
Total Puts 33,922,159
Average Put/Call Ratio 1.13
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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