Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$766.07 -0.43%
8/31 15:13

Option Volume

Detail
Current (08/31) 8,009,701
Calls: 3,636,518 (45%)
Puts: 4,373,183 (55%)
Prior (08/28) 11,957,351
Calls: 5,897,025 (49%)
Puts: 6,060,326 (51%)
Current vs Prior -33.01%
Calls: -38.33% (Calls)
Puts: -27.84% (Puts)
Prior 7-Day Total 54,836,590
Calls: 26,334,004 (48%)
Puts: 28,502,586 (52%)
Prior 7-Day Average 9,139,431
Calls: 3,762,000 (48%)
Puts: 4,071,798 (52%)
Current vs Prior 7-Day Avg -12.36%
Calls: -3.34%
Puts: +7.40%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/31) $706.38M
Calls: $344.63M (49%)
Puts: $361.75M (51%)
Prior (08/28) $1.41B
Calls: $398.77M (28%)
Puts: $1.01B (72%)
Current vs Prior -49.75%
Calls: -13.58%
Puts: -64.08%
Prior 7-Day Total $5.86B
Calls: $3.13B (53%)
Puts: $2.74B (47%)
Prior 7-Day Average $977.39M
Calls: $446.76M (53%)
Puts: $391.00M (47%)
Current vs Prior 7-Day Avg -27.73%
Calls: -22.86%
Puts: -7.48%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/31) 1.20
Prior (08/28) 1.03
Current vs Prior +17.02%
Prior 7-Day Average 1.09
Current vs Prior 7-Day Avg +10.17%
Sentiment BEARISH

Open Interest

Detail
Current (08/31) 8,682,899
Calls: 2,399,016 (28%)
Puts: 6,283,883 (72%)
Prior (08/28) 8,826,225
Calls: 2,433,290 (28%)
Puts: 6,392,935 (72%)
Current vs Prior -1.62%
Prior 7-Day Total 55,042,988
Calls: 15,077,685 (27%)
Puts: 39,965,303 (73%)
Prior 7-Day Average 9,173,831
Calls: 2,512,947 (27%)
Puts: 6,660,883 (73%)
Current vs Prior 7-Day Avg -5.35%
Sentiment BULLISH

Expected Move

Detail
Expiry (08/31) | Next (09/01)Expiry (08/31) | Next (09/02)Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 0.21% | 0.51%0.21% | 0.69%1.02% | 1.56%2.20% | 3.67%
Prior 0.52% | 0.69%0.15% | 0.52%0.15% | 1.13%2.26% | 3.75%
Current vs Prior -59.53% | -25.39%+36.18% | +33.31%+565.45% | +38.13%-2.46% | -2.25%
Prior 7-Day Avg 0.51% | 0.74%0.33% | 0.76%0.67% | 1.46%2.14% | 3.80%
Current vs 7-Day Avg -58.76% | -30.42%-36.77% | -9.67%+51.36% | +6.79%+3.12% | -3.42%
Prior 7-Day Eod 0.52% | 0.69%0.15% | 0.52%0.15% | 1.13%2.26% | 3.75%
Current vs 7-Day Eod -59.53% | -25.39%+36.18% | +33.31%+565.45% | +38.13%-2.46% | -2.25%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.89% | 0.98%
Calls: 1.92% | 0.56%
Puts: 1.85% | 1.41%
Prior 1.99% | 2.41%
Calls: 1.63% | 1.57%
Puts: 2.35% | 3.24%
Current vs Prior -5.03% | -59.34%
Prior 7-Day Avg 1.73% | 1.25%
Calls: 1.61% | 1.14%
Puts: 1.84% | 1.35%
Current vs 7-Day Avg +9.35% | -21.50%
Liquidity Excellent
+
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🤖 AI Insights

Bearish P/C ratio of 1.20 indicates protective positioning. Put-heavy open interest (6,283,883 puts vs 2,399,016 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 BEARISH
7-Day Avg BULLISH
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
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 2,274 of results (avg 3.0%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$622.00Aug 31143.92144.12$144.020.1%161.002
$625.00Aug 31140.92141.12$141.020.1%351.0047
$632.00Aug 31133.92134.12$134.020.1%271.007
$641.00Aug 31124.92125.12$125.020.2%--1.001.8K
$642.00Aug 31123.92124.12$124.020.2%--1.001.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$765.00Sep 114.854.86$4.860.2%3.0K0.462.8K
$768.00Sep 188.858.87$8.860.2%2.1K0.552.8K
$767.00Sep 188.398.41$8.400.2%2.0K0.532.7K
$752.00Sep 183.833.84$3.840.3%3640.272.7K
$769.00Sep 3011.5011.53$11.520.3%400.56774

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 778 found (avg $0.35, cheapest $0.14)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$767.00Aug 310.160.17$0.175.9%581.6K0.222.8K
$766.00Aug 310.510.52$0.521.9%702.9K0.522.8K
$773.00Sep 10.070.08$0.0812.5%7.3K0.043.2K
$774.00Sep 10.050.06$0.0616.7%4.2K0.032.2K
$772.00Sep 10.120.13$0.137.7%14.1K0.073.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$765.00Aug 310.130.14$0.147.1%859.4K0.209.2K
$766.00Aug 310.430.44$0.442.3%642.1K0.489.1K
$757.00Sep 10.100.11$0.119.1%12.9K0.05663
$758.00Sep 10.140.15$0.156.7%11.9K0.061.2K
$759.00Sep 10.190.20$0.205.0%8.2K0.08678

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,253 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$615.00Aug 31150.83151.12$150.980.2%161.0021
$616.00Aug 31149.87150.12$150.000.2%181.009
$617.00Aug 31148.85149.12$148.990.2%31.001
$618.00Aug 31147.84148.12$147.980.2%31.0010
$621.00Aug 31144.84145.12$144.980.2%161.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$782.00Sep 415.0517.65$16.3515.9%281.00701
$783.00Sep 416.0518.39$17.2213.6%141.00142
$784.00Sep 417.0519.22$18.1312.0%21.00132
$785.00Sep 417.6820.75$19.2216.0%51.0022
$786.00Sep 418.6821.75$20.2215.2%41.008

Most actively traded options today. High liquidity = easy entry/exit. 2,631 active (total vol 8.0M, top 859.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$766.00Aug 310.510.52$0.521.9%702.9K0.522.8K
$767.00Aug 310.160.17$0.175.9%581.6K0.222.8K
$768.00Aug 310.040.05$0.0520.0%442.5K0.072.5K
$769.00Aug 310.020.03$0.0333.3%333.6K0.047.0K
$765.00Aug 311.211.22$1.210.8%269.4K0.804.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$765.00Aug 310.130.14$0.147.1%859.4K0.209.2K
$766.00Aug 310.430.44$0.442.3%642.1K0.489.1K
$764.00Aug 310.040.05$0.0520.0%418.0K0.077.2K
$763.00Aug 310.020.03$0.0333.3%326.9K0.045.0K
$762.00Aug 310.010.02$0.0250.0%229.7K0.026.9K

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 34.1%, max 36.3%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$767.00Aug 31Oct 914.8%10.9%36.3%581.7K2.8K
$765.00Aug 31Oct 915.0%11.1%34.8%269.5K4.6K
$766.00Aug 31Oct 914.4%11.0%30.5%702.9K2.8K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$765.00Aug 31Oct 915.1%11.1%35.6%859.5K9.3K
$767.00Aug 31Oct 914.7%10.9%35.5%197.0K7.0K
$766.00Aug 31Oct 914.5%11.0%31.9%642.2K9.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 705 found (best R:R 3.65, avg 3.93)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$753.00$755.00Sep 25$0.43$1.57$0.4369%3.65$753.43
$703.00$704.00Aug 31$0.18$0.82$0.18100%4.56$703.18
$705.00$706.00Aug 31$0.18$0.82$0.18100%4.56$705.18
$717.00$718.00Aug 31$0.20$0.80$0.20100%4.00$717.20
$746.00$747.00Sep 1$0.23$0.77$0.23100%3.35$746.23
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$779.00$778.00Sep 18$0.12$0.88$0.1276%7.33$778.88
$790.00$788.00Sep 25$1.18$0.82$1.1888%0.69$788.82
$789.00$788.00Sep 30$0.28$0.72$0.2884%2.57$788.72
$789.00$788.00Sep 18$0.40$0.60$0.4091%1.50$788.60
$788.00$787.00Sep 11$0.50$0.50$0.5096%1.00$787.50

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 519 found (best R:R 0.71, avg 0.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$770.00$775.00Sep 14$2.07$2.07$2.9359%0.71$772.07
$775.00$780.00Sep 14$1.33$1.33$3.6772%0.36$776.33
$780.00$785.00Sep 14$0.71$0.71$4.2983%0.17$780.71
$767.00$768.00Oct 9$0.59$0.59$0.4153%1.44$767.59
$768.00$769.00Sep 18$0.56$0.56$0.4455%1.27$768.56
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$766.00$765.00Aug 31$0.30$0.30$0.7052%0.43$765.70
$763.00$762.00Sep 1$0.19$0.19$0.8175%0.23$762.81
$762.00$761.00Sep 1$0.13$0.13$0.8781%0.15$761.87
$760.00$759.00Sep 2$0.13$0.13$0.8782%0.15$759.87
$764.00$763.00Sep 1$0.24$0.24$0.7668%0.32$763.76

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $1.23, cheapest $1.19)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$766.00Aug 31Sep 1$1.2814.4%10.3%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$766.00Aug 31Sep 1$1.1914.5%10.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,023 found (cheapest 0.13% of stock, avg 3.69%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$766.00Aug 31$0.52$0.44$0.96$765.04$766.960.13%
$767.00Aug 31$0.17$1.08$1.25$765.75$768.250.16%
$765.00Aug 31$1.21$0.14$1.35$763.65$766.350.18%
$768.00Aug 31$0.05$1.97$2.02$765.98$770.020.26%
$764.00Aug 31$2.12$0.05$2.17$761.83$766.170.28%
$769.00Aug 31$0.03$3.00$3.03$765.97$772.030.40%
$763.00Aug 31$3.08$0.03$3.11$759.89$766.110.41%
$766.00Sep 1$1.80$1.63$3.43$762.57$769.430.45%
$767.00Sep 1$1.29$2.13$3.42$763.58$770.420.45%
$765.00Sep 1$2.38$1.23$3.61$761.39$768.610.47%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 351 found (cheapest 0.01% of stock, avg 1.30%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$768.00$764.00Aug 31$0.05$0.05$0.10$763.90$768.10
$768.00$765.00Aug 31$0.05$0.14$0.19$764.81$768.19
$767.00$764.00Aug 31$0.17$0.05$0.22$763.78$767.22
$767.00$765.00Aug 31$0.17$0.14$0.31$764.69$767.31
$771.00$762.00Sep 1$0.22$0.50$0.72$761.28$771.72
$768.00$766.00Aug 31$0.05$0.44$0.49$765.51$768.49
$767.00$766.00Aug 31$0.17$0.44$0.61$765.39$767.61
$770.00$762.00Sep 1$0.37$0.50$0.87$761.13$770.87
$771.00$763.00Sep 1$0.22$0.69$0.91$762.09$771.91
$769.00$762.00Sep 1$0.57$0.50$1.07$760.93$770.07

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 424 found (best R:R 0.79, avg credit $0.50)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
748/749773/774Sep 10$0.44$0.5657%0.79$748.56$773.44
748/749772/773Sep 10$0.47$0.5354%0.89$748.53$772.47
731/732775/776Sep 30$0.52$0.4849%1.08$731.48$775.52
747/748772/773Sep 11$0.50$0.5051%1.00$747.50$772.50
739/740774/775Sep 18$0.50$0.5051%1.00$739.50$774.50
739/740775/776Sep 18$0.48$0.5253%0.92$739.52$775.48
731/732776/777Sep 30$0.50$0.5050%1.00$731.50$776.50
741/742774/775Sep 18$0.51$0.4949%1.04$741.49$774.51
741/742775/776Sep 18$0.49$0.5151%0.96$741.51$775.49
734/735775/776Sep 30$0.53$0.4747%1.13$734.47$775.53

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 296 found (best R:R 54.56, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$745.00$750.00$755.00Sep 14$0.09$4.9112%54.56
$755.00$760.00$765.00Sep 14$0.47$4.5321%9.64
$760.00$765.00$770.00Sep 14$0.62$4.3825%7.06
$750.00$755.00$760.00Sep 14$0.37$4.6316%12.51
$765.00$766.00$767.00Aug 31$0.34$0.6658%1.94
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$755.00$760.00$765.00Sep 14$0.47$4.5321%9.64
$750.00$755.00$760.00Sep 14$0.34$4.6616%13.71
$740.00$745.00$750.00Sep 14$0.15$4.858%32.33
$745.00$750.00$755.00Sep 14$0.24$4.7612%19.83
$765.00$766.00$767.00Aug 31$0.34$0.6658%1.94

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,121 found (best net $-16.07, 1,110 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$630.00$690.001:2Sep 1-$16.07$43.93
$680.00$710.001:2Sep 9-$26.84$3.16
$770.00$775.001:2Sep 14-$0.49$4.51
$764.00$765.001:2Aug 31-$0.30$0.70
$765.00$770.001:2Sep 14-$1.83$3.17
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$820.00$794.001:2Sep 1-$1.98$24.02
$768.00$767.001:2Aug 31-$0.19$0.81
$690.00$660.001:2Sep 9-$0.02$29.98
$769.00$768.001:2Aug 31-$0.94$0.06
$665.00$650.001:2Sep 10-$0.04$14.96

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 292 found (best yield 1.65%, avg 0.39%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$767.00Oct 9$12.630.470.1%1.65%1.77%421
$768.00Oct 9$12.040.470.2%1.57%1.82%2164
$769.00Oct 9$11.470.460.4%1.50%1.88%3936
$770.00Oct 9$10.910.450.5%1.42%1.94%11270
$771.00Oct 9$10.370.430.6%1.35%2.00%209
$772.00Oct 9$9.840.420.8%1.28%2.06%2543
$773.00Oct 9$9.330.410.9%1.22%2.12%3413
$774.00Oct 9$8.840.391.0%1.15%2.19%1436
$775.00Oct 9$8.360.381.2%1.09%2.26%36153
$776.00Oct 9$7.900.371.3%1.03%2.33%1755

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 3,636,518
Total Puts 4,373,183
Put/Call Ratio 1.20
Net Difference -736,665

Prior's Put/Call Breakdown

Total Calls 5,897,025
Total Puts 6,060,326
Put/Call Ratio 1.03
Net Difference -163,301

Prior 7-Day Put/Call Summary

Total Calls 26,334,004
Total Puts 28,502,586
Average Put/Call Ratio 1.09
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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