Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$761.32 -0.75%
9/1 15:19

Option Volume

Detail
Current (09/01) 10,667,679
Calls: 4,979,947 (47%)
Puts: 5,687,732 (53%)
Prior (08/31) 9,342,299
Calls: 4,260,461 (46%)
Puts: 5,081,838 (54%)
Current vs Prior +14.19%
Calls: +16.89% (Calls)
Puts: +11.92% (Puts)
Prior 7-Day Total 55,043,711
Calls: 26,354,297 (48%)
Puts: 28,689,414 (52%)
Prior 7-Day Average 9,173,951
Calls: 3,764,899 (48%)
Puts: 4,098,487 (52%)
Current vs Prior 7-Day Avg +16.28%
Calls: +32.27%
Puts: +38.78%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/01) $1.45B
Calls: $488.38M (34%)
Puts: $958.12M (66%)
Prior (08/31) $877.78M
Calls: $578.62M (66%)
Puts: $299.16M (34%)
Current vs Prior +64.79%
Calls: -15.60%
Puts: +220.27%
Prior 7-Day Total $5.87B
Calls: $3.26B (56%)
Puts: $2.61B (44%)
Prior 7-Day Average $978.52M
Calls: $466.22M (56%)
Puts: $372.51M (44%)
Current vs Prior 7-Day Avg +47.82%
Calls: +4.75%
Puts: +157.21%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (09/01) 1.14
Prior (08/31) 1.19
Current vs Prior -4.25%
Prior 7-Day Average 1.10
Current vs Prior 7-Day Avg +4.02%
Sentiment BEARISH

Open Interest

Detail
Current (09/01) 9,466,535
Calls: 2,479,864 (26%)
Puts: 6,986,671 (74%)
Prior (08/31) 8,682,899
Calls: 2,399,016 (28%)
Puts: 6,283,883 (72%)
Current vs Prior +9.03%
Prior 7-Day Total 51,915,293
Calls: 14,292,630 (28%)
Puts: 37,622,663 (72%)
Prior 7-Day Average 8,652,548
Calls: 2,382,105 (28%)
Puts: 6,270,443 (72%)
Current vs Prior 7-Day Avg +9.41%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/01) | Next (09/02)Expiry (09/02) | Next (09/04)Expiry (09/04) | Next (09/11)Expiry (09/15) | Next (10/16)
Current 0.22% | 0.63%0.63% | 1.07%1.07% | 1.70%2.17% | 3.84%
Prior 0.48% | 0.67%0.15% | 0.67%1.02% | 1.56%2.19% | 3.65%
Current vs Prior -54.65% | -5.34%+329.80% | +60.45%+5.66% | +9.20%-1.10% | +5.07%
Prior 7-Day Avg 0.50% | 0.73%0.33% | 0.79%0.82% | 1.51%2.48% | 3.93%
Current vs 7-Day Avg -56.20% | -13.57%+90.52% | +36.41%+30.69% | +12.69%-12.50% | -2.31%
Prior 7-Day Eod 0.48% | 0.67%0.15% | 0.67%1.02% | 1.56%2.19% | 3.65%
Current vs 7-Day Eod -54.65% | -5.34%+329.80% | +60.45%+5.66% | +9.20%-1.10% | +5.07%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.75% | 0.62%
Calls: 1.41% | 0.84%
Puts: 2.08% | 0.41%
Prior 1.85% | 0.78%
Calls: 0.56% | 0.78%
Puts: 3.14% | 0.78%
Current vs Prior -5.41% | -20.51%
Prior 7-Day Avg 1.79% | 1.22%
Calls: 1.39% | 1.10%
Puts: 2.19% | 1.35%
Current vs 7-Day Avg -2.23% | -49.39%
Liquidity Excellent
+
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🤖 AI Insights

Moderately bearish flow with 66% put dollar volume ($958.12M). Elevated premium activity with dollar volume up 65% vs prior. Slightly bearish P/C ratio of 1.14. Put-heavy open interest (6,986,671 puts vs 2,479,864 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 2,548 of results (avg 2.8%, best 0.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$765.00Oct 1613.0813.11$13.100.2%1.3K0.465.3K
$766.00Oct 1612.5112.54$12.520.2%1860.455.1K
$760.00Sep 3012.0012.03$12.020.2%7630.501.9K
$761.00Oct 1615.4815.52$15.500.3%6300.49417
$762.00Oct 1614.8614.90$14.880.3%7640.48303
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$875.00Sep 1113.55113.75$113.650.2%1061.00--
$758.00Sep 309.629.64$9.630.2%3020.47248
$885.00Sep 1123.55123.81$123.680.2%201.00--
$880.00Sep 1118.55118.81$118.680.2%241.00--
$850.00Sep 188.5688.77$88.670.2%221.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 731 found (avg $0.37, cheapest $0.08)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$763.00Sep 10.070.08$0.0812.5%738.4K0.12921
$762.00Sep 10.250.26$0.263.8%668.6K0.32659
$761.00Sep 10.700.71$0.711.4%329.8K0.61499
$770.00Sep 20.060.07$0.0714.3%16.6K0.046.2K
$769.00Sep 20.110.12$0.128.3%16.0K0.062.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$759.00Sep 10.050.06$0.0616.7%322.2K0.073.0K
$760.00Sep 10.140.15$0.156.7%561.7K0.176.5K
$761.00Sep 10.400.41$0.412.4%749.5K0.394.8K
$762.00Sep 10.950.97$0.962.1%682.4K0.685.8K
$750.00Sep 20.150.16$0.166.3%7.6K0.054.6K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,372 found (avg delta 0.87, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$625.00Sep 1134.65138.07$136.362.5%--1.0021
$690.00Sep 169.6572.90$71.284.6%2101.0025
$700.00Sep 159.7761.61$60.693.0%11.001
$710.00Sep 149.7751.60$50.693.6%--1.0011
$715.00Sep 146.2446.45$46.350.5%51.004
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$910.00Sep 2147.17150.38$148.772.2%61.00--
$777.00Sep 414.8516.68$15.7711.6%1401.00560
$778.00Sep 416.4816.75$16.621.6%701.00729
$779.00Sep 416.8519.01$17.9312.0%8461.00758
$780.00Sep 418.2120.23$19.2210.5%1.8K1.001.5K

Most actively traded options today. High liquidity = easy entry/exit. 2,818 active (total vol 10.7M, top 749.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$763.00Sep 10.070.08$0.0812.5%738.4K0.12921
$764.00Sep 10.030.04$0.0425.0%675.3K0.052.1K
$762.00Sep 10.250.26$0.263.8%668.6K0.32659
$765.00Sep 10.010.02$0.0250.0%532.5K0.023.9K
$761.00Sep 10.700.71$0.711.4%329.8K0.61499
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$761.00Sep 10.400.41$0.412.4%749.5K0.394.8K
$762.00Sep 10.950.97$0.962.1%682.4K0.685.8K
$760.00Sep 10.140.15$0.156.7%561.7K0.176.5K
$763.00Sep 11.751.78$1.771.7%534.9K0.887.0K
$764.00Sep 12.662.75$2.713.3%365.6K0.956.2K

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 50.6%, max 56.6%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$760.00Sep 1Oct 1618.8%12.0%56.6%138.2K8.2K
$761.00Sep 1Oct 1617.5%11.9%47.6%330.4K916
$762.00Sep 1Oct 1617.3%11.7%47.5%669.3K962
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$760.00Sep 1Oct 1618.8%12.0%56.6%564.7K12.0K
$761.00Sep 1Oct 1617.5%11.9%47.6%750.7K5.5K
$762.00Sep 1Oct 1617.3%11.7%47.5%683.4K6.4K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 875 found (best R:R 0.53, avg 4.36)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$744.00$745.00Sep 10$0.13$0.87$0.1384%6.69$744.13
$729.00$730.00Sep 18$0.17$0.83$0.1788%4.88$729.17
$742.00$743.00Sep 10$0.16$0.84$0.1686%5.25$742.16
$715.00$716.00Oct 16$0.16$0.84$0.1685%5.25$715.16
$724.00$725.00Oct 2$0.16$0.84$0.1685%5.25$724.16
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$785.00$776.00Oct 9$5.87$3.13$5.8779%0.53$779.13
$775.00$770.00Sep 15$2.91$2.09$2.9181%0.72$772.09
$785.00$784.00Sep 18$0.11$0.89$0.1192%8.09$784.89
$789.00$787.00Oct 2$0.98$1.02$0.9887%1.04$788.02
$793.00$790.00Oct 9$1.84$1.16$1.8487%0.63$791.16

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 648 found (best R:R 0.85, avg 0.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$765.00$770.00Sep 15$2.30$2.30$2.7058%0.85$767.30
$765.00$770.00Sep 14$2.25$2.25$2.7558%0.82$767.25
$770.00$775.00Sep 15$1.57$1.57$3.4369%0.46$771.57
$770.00$775.00Sep 14$1.48$1.48$3.5270%0.42$771.48
$775.00$780.00Sep 15$0.90$0.90$4.1081%0.22$775.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$761.00$760.00Sep 1$0.26$0.26$0.7461%0.35$760.74
$757.00$756.00Sep 2$0.18$0.18$0.8277%0.22$756.82
$755.00$754.00Sep 2$0.11$0.11$0.8985%0.12$754.89
$752.00$751.00Sep 4$0.15$0.15$0.8581%0.18$751.85
$756.00$755.00Sep 2$0.13$0.13$0.8781%0.15$755.87

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.57, cheapest $1.58)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$761.00Sep 1Sep 2$1.6717.5%13.2%
$762.00Sep 1Sep 2$1.5717.3%13.3%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$761.00Sep 1Sep 2$1.5817.5%13.2%
$762.00Sep 1Sep 2$1.4817.3%13.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,155 found (cheapest 0.15% of stock, avg 3.93%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$761.00Sep 1$0.71$0.41$1.12$759.88$762.120.15%
$762.00Sep 1$0.26$0.96$1.22$760.78$763.220.16%
$760.00Sep 1$1.45$0.15$1.60$758.40$761.600.21%
$763.00Sep 1$0.08$1.77$1.85$761.15$764.850.24%
$759.00Sep 1$2.37$0.06$2.43$756.57$761.430.32%
$764.00Sep 1$0.04$2.71$2.75$761.25$766.750.36%
$758.00Sep 1$3.34$0.03$3.37$754.63$761.370.44%
$765.00Sep 1$0.02$3.69$3.71$761.29$768.710.49%
$762.00Sep 2$1.83$2.44$4.27$757.73$766.270.56%
$761.00Sep 2$2.38$1.99$4.37$756.63$765.370.57%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 374 found (cheapest 0.01% of stock, avg 1.58%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$764.00$759.00Sep 1$0.04$0.06$0.10$758.90$764.10
$763.00$759.00Sep 1$0.08$0.06$0.14$758.86$763.14
$764.00$760.00Sep 1$0.04$0.15$0.19$759.81$764.19
$763.00$760.00Sep 1$0.08$0.15$0.23$759.77$763.23
$762.00$759.00Sep 1$0.26$0.06$0.32$758.68$762.32
$762.00$760.00Sep 1$0.26$0.15$0.41$759.59$762.41
$763.00$761.00Sep 1$0.08$0.41$0.49$760.51$763.49
$764.00$761.00Sep 1$0.04$0.41$0.45$760.55$764.45
$762.00$761.00Sep 1$0.26$0.41$0.67$760.33$762.67
$766.00$757.00Sep 2$0.45$0.83$1.28$755.72$767.28

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 403 found (best R:R 1.17, avg credit $0.56)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
730/731771/772Sep 25$0.54$0.4649%1.17$730.46$771.54
727/728771/772Sep 25$0.52$0.4851%1.08$727.48$771.52
733/734769/770Sep 18$0.54$0.4649%1.17$733.46$769.54
733/734770/771Sep 18$0.52$0.4851%1.08$733.48$770.52
744/745767/768Sep 9$0.50$0.5053%1.00$744.50$767.50
730/731770/771Sep 25$0.55$0.4548%1.22$730.45$770.55
728/729771/772Sep 25$0.52$0.4851%1.08$728.48$771.52
724/725771/772Sep 30$0.53$0.4750%1.13$724.47$771.53
726/727771/772Sep 30$0.54$0.4649%1.17$726.46$771.54
727/728770/771Sep 25$0.53$0.4750%1.13$727.47$770.53

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 340 found (best R:R 19.83, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$700.00$720.00$740.00Sep 14$0.96$19.0415%19.83
$750.00$755.00$760.00Sep 14$0.40$4.6020%11.50
$750.00$755.00$760.00Sep 15$0.39$4.6119%11.82
$740.00$745.00$750.00Sep 14$0.19$4.8111%25.32
$755.00$760.00$765.00Sep 14$0.55$4.4523%8.09
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$750.00$755.00$760.00Sep 15$0.39$4.6119%11.82
$745.00$750.00$755.00Sep 14$0.29$4.7115%16.24
$755.00$760.00$765.00Sep 14$0.53$4.4723%8.43
$750.00$755.00$760.00Sep 14$0.43$4.5720%10.63
$745.00$750.00$755.00Sep 15$0.30$4.7015%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. 1,096 found (best net $-6.20, 1,081 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$625.00$690.001:2Sep 1-$6.20$58.80
$630.00$685.001:2Sep 2-$21.51$33.49
$685.00$715.001:2Sep 2-$16.48$13.52
$720.00$740.001:2Sep 14-$5.30$14.70
$725.00$740.001:2Sep 15-$10.54$4.46
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$785.00$775.001:2Sep 15-$5.23$4.77
$763.00$762.001:2Sep 1-$0.15$0.85
$764.00$763.001:2Sep 1-$0.83$0.17
$690.00$675.001:2Sep 10-$0.08$14.92
$759.00$758.001:2Sep 1$0.00$1.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 332 found (best yield 1.95%, avg 0.47%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$762.00Oct 16$14.860.480.1%1.95%2.04%764303
$763.00Oct 16$14.250.470.2%1.87%2.09%1.4K504
$764.00Oct 16$13.660.470.3%1.79%2.15%448455
$765.00Oct 16$13.080.460.5%1.72%2.20%1.3K5.3K
$766.00Oct 16$12.510.450.6%1.64%2.26%1865.1K
$767.00Oct 16$11.950.440.8%1.57%2.32%2015.4K
$768.00Oct 16$11.400.420.9%1.50%2.37%4542.8K
$769.00Oct 16$10.880.411.0%1.43%2.44%1901.8K
$770.00Oct 16$10.360.401.1%1.36%2.50%1.4K9.3K
$771.00Oct 16$9.860.391.3%1.30%2.57%5861.8K

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 4,979,947
Total Puts 5,687,732
Put/Call Ratio 1.14
Net Difference -707,785

Prior's Put/Call Breakdown

Total Calls 4,260,461
Total Puts 5,081,838
Put/Call Ratio 1.19
Net Difference -821,377

Prior 7-Day Put/Call Summary

Total Calls 26,354,297
Total Puts 28,689,414
Average Put/Call Ratio 1.10
Ratio Trend Falling

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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