Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$765.28 +0.46%
9/2 15:15

Option Volume

Detail
Current (09/02) 7,937,674
Calls: 3,603,139 (45%)
Puts: 4,334,535 (55%)
Prior (09/01) 11,926,576
Calls: 5,514,262 (46%)
Puts: 6,412,314 (54%)
Current vs Prior -33.45%
Calls: -34.66% (Calls)
Puts: -32.40% (Puts)
Prior 7-Day Total 66,441,506
Calls: 31,692,341 (48%)
Puts: 34,749,165 (52%)
Prior 7-Day Average 9,491,643
Calls: 4,527,477 (48%)
Puts: 4,964,166 (52%)
Current vs Prior 7-Day Avg -16.37%
Calls: -20.42%
Puts: -12.68%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/02) $945.99M
Calls: $568.42M (60%)
Puts: $377.56M (40%)
Prior (09/01) $1.46B
Calls: $566.14M (39%)
Puts: $895.16M (61%)
Current vs Prior -35.26%
Calls: +0.40%
Puts: -57.82%
Prior 7-Day Total $7.43B
Calls: $3.91B (53%)
Puts: $3.52B (47%)
Prior 7-Day Average $1.06B
Calls: $558.70M (53%)
Puts: $503.18M (47%)
Current vs Prior 7-Day Avg -10.91%
Calls: +1.74%
Puts: -24.97%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/02) 1.20
Prior (09/01) 1.16
Current vs Prior +3.45%
Prior 7-Day Average 1.10
Current vs Prior 7-Day Avg +9.18%
Sentiment BEARISH

Open Interest

Detail
Current (09/02) 9,677,902
Calls: 2,556,486 (26%)
Puts: 7,121,416 (74%)
Prior (09/01) 9,466,535
Calls: 2,479,864 (26%)
Puts: 6,986,671 (74%)
Current vs Prior +2.23%
Prior 7-Day Total 62,576,981
Calls: 17,019,883 (27%)
Puts: 45,557,098 (73%)
Prior 7-Day Average 8,939,568
Calls: 2,431,411 (27%)
Puts: 6,508,156 (73%)
Current vs Prior 7-Day Avg +8.26%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/02) | Next (09/03)Expiry (09/02) | Next (09/04)Expiry (09/04) | Next (09/11)Expiry (09/15) | Next (10/16)
Current 0.25% | 0.59%0.25% | 0.79%0.79% | 1.43%1.90% | 3.61%
Prior 0.61% | 0.84%0.61% | 1.07%1.07% | 1.72%2.20% | 3.87%
Current vs Prior -58.94% | -30.54%-58.93% | -26.16%-26.16% | -16.71%-13.60% | -6.84%
Prior 7-Day Avg 0.58% | 0.80%0.42% | 0.85%0.81% | 1.50%2.39% | 3.88%
Current vs 7-Day Avg -57.31% | -26.84%-40.03% | -6.63%-2.55% | -4.74%-20.61% | -7.08%
Prior 7-Day Eod 0.25% | 0.59%0.61% | 1.07%1.07% | 1.72%2.20% | 3.87%
Current vs 7-Day Eod -0.51% | +0.01%-58.93% | -26.16%-26.16% | -16.71%-13.60% | -6.84%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.07% | 0.68%
Calls: 1.22% | 0.92%
Puts: 0.92% | 0.43%
Prior 1.07% | 0.60%
Calls: 1.20% | 0.87%
Puts: 0.94% | 0.34%
Current vs Prior +0.00% | +13.33%
Prior 7-Day Avg 1.48% | 1.15%
Calls: 1.18% | 1.15%
Puts: 1.92% | 1.30%
Current vs 7-Day Avg -27.63% | -40.72%
Liquidity Excellent
+
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🤖 AI Insights

Moderately bullish flow with 60% call dollar volume ($568.42M). Bearish P/C ratio of 1.20 indicates protective positioning. Put-heavy open interest (7,121,416 puts vs 2,556,486 calls) suggests hedging or bearish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
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 2,404 of results (avg 2.2%, best 0.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$615.00Sep 4150.60150.63$150.620.0%31.005
$625.00Sep 2140.26140.29$140.270.0%21.0022
$635.00Sep 4130.61130.64$130.630.0%101.0011
$645.00Sep 3120.33120.36$120.350.0%11.00--
$650.00Sep 4115.62115.65$115.640.0%--1.0027
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$915.00Sep 4149.71149.74$149.730.0%11.00--
$905.00Sep 4139.71139.74$139.730.0%11.00--
$900.00Sep 3134.71134.74$134.730.0%11.00--
$900.00Sep 4134.71134.74$134.730.0%11.00--
$895.00Sep 2129.71129.74$129.730.0%41.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 713 found (avg $0.35, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$768.00Sep 20.050.06$0.0616.7%281.7K0.075.3K
$767.00Sep 20.130.14$0.147.1%374.6K0.157.9K
$766.00Sep 20.350.36$0.362.8%567.9K0.347.1K
$765.00Sep 20.810.82$0.821.2%518.4K0.5712.3K
$773.00Sep 30.070.08$0.0812.5%11.7K0.042.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$763.00Sep 20.100.11$0.119.1%335.0K0.112.8K
$762.00Sep 20.050.06$0.0616.7%334.5K0.065.0K
$764.00Sep 20.240.25$0.254.0%538.5K0.232.9K
$765.00Sep 20.540.55$0.551.8%678.2K0.434.0K
$755.00Sep 30.110.12$0.128.3%7.0K0.041.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,256 found (avg delta 0.87, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$625.00Sep 2140.26140.29$140.270.0%21.0022
$685.00Sep 280.2680.29$80.280.0%101.00210
$690.00Sep 275.2675.29$75.280.0%81.00--
$695.00Sep 270.2670.29$70.280.0%61.00--
$700.00Sep 265.2665.29$65.280.0%51.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$777.00Sep 411.7111.74$11.730.3%1941.00104
$778.00Sep 412.7112.74$12.730.2%3861.004
$779.00Sep 413.7113.74$13.730.2%821.0018
$780.00Sep 414.7114.74$14.730.2%1601.0015
$781.00Sep 415.7115.74$15.730.2%7791.001

Most actively traded options today. High liquidity = easy entry/exit. 2,533 active (total vol 7.9M, top 678.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$766.00Sep 20.350.36$0.362.8%567.9K0.347.1K
$765.00Sep 20.810.82$0.821.2%518.4K0.5712.3K
$767.00Sep 20.130.14$0.147.1%374.6K0.157.9K
$764.00Sep 21.511.52$1.520.7%284.3K0.777.1K
$768.00Sep 20.050.06$0.0616.7%281.7K0.075.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$765.00Sep 20.540.55$0.551.8%678.2K0.434.0K
$764.00Sep 20.240.25$0.254.0%538.5K0.232.9K
$763.00Sep 20.100.11$0.119.1%335.0K0.112.8K
$762.00Sep 20.050.06$0.0616.7%334.5K0.065.0K
$766.00Sep 21.081.09$1.090.9%275.6K0.677.1K

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 88.0%, max 94.4%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$764.00Sep 2Oct 1622.0%11.3%94.4%284.4K8.3K
$767.00Sep 2Oct 1620.7%11.0%88.8%375.0K13.5K
$765.00Sep 2Oct 1620.8%11.2%85.1%519.0K18.0K
$766.00Sep 2Oct 1620.4%11.1%83.9%568.2K12.2K
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$764.00Sep 2Oct 1622.0%11.3%94.4%538.6K4.0K
$767.00Sep 2Oct 1620.7%11.0%88.6%66.9K7.2K
$765.00Sep 2Oct 1620.8%11.2%85.1%681.2K14.2K
$766.00Sep 2Oct 1620.4%11.1%83.9%276.1K11.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 758 found (best R:R 13.29, avg 4.47)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$708.00$710.00Sep 18$1.25$0.75$1.2597%0.60$709.25
$741.00$742.00Sep 18$0.20$0.80$0.2085%4.00$741.20
$747.00$748.00Sep 18$0.14$0.86$0.1479%6.14$747.14
$710.00$712.00Oct 16$1.14$0.86$1.1489%0.75$711.14
$734.00$735.00Oct 16$0.15$0.85$0.1579%5.67$734.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$783.00$781.00Sep 25$0.14$1.86$0.1482%13.29$782.86
$789.00$787.00Oct 16$0.80$1.20$0.8078%1.50$788.20
$789.00$787.00Oct 2$0.97$1.03$0.9785%1.06$788.03
$783.00$782.00Sep 18$0.15$0.85$0.1586%5.67$782.85
$789.00$788.00Sep 30$0.23$0.77$0.2387%3.35$788.77

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 568 found (best R:R 0.65, avg 0.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$770.00$775.00Sep 15$1.97$1.97$3.0362%0.65$771.97
$770.00$775.00Sep 14$1.89$1.89$3.1162%0.61$771.89
$770.00$775.00Sep 16$2.08$2.08$2.9260%0.71$772.08
$775.00$780.00Sep 16$1.35$1.35$3.6572%0.37$776.35
$775.00$780.00Sep 15$1.16$1.16$3.8475%0.30$776.16
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$764.00$763.00Sep 2$0.14$0.14$0.8677%0.16$763.86
$765.00$764.00Sep 2$0.30$0.30$0.7057%0.43$764.70
$758.00$757.00Sep 4$0.13$0.13$0.8784%0.15$757.87
$762.00$761.00Sep 3$0.21$0.21$0.7973%0.27$761.79
$760.00$759.00Sep 3$0.12$0.12$0.8883%0.14$759.88

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.29, cheapest $1.29)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$765.00Sep 2Sep 3$1.3620.8%12.1%
$766.00Sep 2Sep 3$1.2920.4%12.2%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$765.00Sep 2Sep 3$1.2920.8%12.1%
$766.00Sep 2Sep 3$1.2120.4%12.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,058 found (cheapest 0.18% of stock, avg 3.92%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$765.00Sep 2$0.82$0.55$1.37$763.63$766.370.18%
$766.00Sep 2$0.36$1.09$1.45$764.55$767.450.19%
$764.00Sep 2$1.52$0.25$1.77$762.23$765.770.23%
$767.00Sep 2$0.14$1.86$2.00$765.00$769.000.26%
$763.00Sep 2$2.38$0.11$2.49$760.51$765.490.33%
$768.00Sep 2$0.06$2.78$2.84$765.16$770.840.37%
$762.00Sep 2$3.32$0.06$3.38$758.62$765.380.44%
$769.00Sep 2$0.03$3.75$3.78$765.22$772.780.49%
$766.00Sep 3$1.65$2.30$3.95$762.05$769.950.52%
$765.00Sep 3$2.18$1.84$4.02$760.98$769.020.53%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 367 found (cheapest 0.02% of stock, avg 1.39%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$768.00$762.00Sep 2$0.06$0.06$0.12$761.88$768.12
$768.00$763.00Sep 2$0.06$0.11$0.17$762.83$768.17
$767.00$763.00Sep 2$0.14$0.11$0.25$762.75$767.25
$767.00$762.00Sep 2$0.14$0.06$0.20$761.80$767.20
$768.00$764.00Sep 2$0.06$0.25$0.31$763.69$768.31
$767.00$764.00Sep 2$0.14$0.25$0.39$763.61$767.39
$766.00$762.00Sep 2$0.36$0.06$0.42$761.58$766.42
$766.00$763.00Sep 2$0.36$0.11$0.47$762.53$766.47
$766.00$764.00Sep 2$0.36$0.25$0.61$763.39$766.61
$767.00$765.00Sep 2$0.14$0.55$0.69$764.31$767.69

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 400 found (best R:R 1.17, avg credit $0.55)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
731/732775/776Oct 2$0.54$0.4649%1.17$731.46$775.54
739/740773/774Sep 18$0.51$0.4952%1.04$739.49$773.51
739/740772/773Sep 18$0.53$0.4749%1.13$739.47$772.53
742/743773/774Sep 18$0.53$0.4749%1.13$742.47$773.53
733/734774/775Sep 30$0.54$0.4648%1.17$733.46$774.54
741/742773/774Sep 18$0.52$0.4850%1.08$741.48$773.52
742/743772/773Sep 18$0.55$0.4547%1.22$742.45$772.55
735/736774/775Sep 30$0.55$0.4547%1.22$735.45$774.55
740/741773/774Sep 18$0.51$0.4951%1.04$740.49$773.51
741/742772/773Sep 18$0.54$0.4648%1.17$741.46$772.54

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 287 found (best R:R 10.90, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$755.00$760.00$765.00Sep 15$0.42$4.5822%10.90
$755.00$760.00$765.00Sep 14$0.47$4.5323%9.64
$750.00$755.00$760.00Sep 14$0.33$4.6717%14.15
$745.00$750.00$755.00Sep 15$0.23$4.7712%20.74
$750.00$755.00$760.00Sep 15$0.36$4.6417%12.89
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$755.00$760.00$765.00Sep 14$0.51$4.4923%8.80
$755.00$760.00$765.00Sep 15$0.48$4.5222%9.42
$750.00$755.00$760.00Sep 14$0.34$4.6617%13.71
$755.00$760.00$765.00Sep 16$0.44$4.5620%10.36
$750.00$755.00$760.00Sep 15$0.34$4.6617%13.71

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,062 found (best net $-20.29, 1,041 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$625.00$685.001:2Sep 2-$20.29$39.71
$725.00$745.001:2Sep 15-$3.80$16.20
$770.00$775.001:2Sep 15-$0.08$4.92
$765.00$770.001:2Sep 14-$0.93$4.07
$770.00$775.001:2Sep 16-$0.59$4.41
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$895.00$845.001:2Sep 2-$29.71$20.29
$800.00$785.001:2Sep 8-$4.73$10.27
$880.00$841.001:2Sep 4-$36.71$2.29
$767.00$766.001:2Sep 2-$0.32$0.68
$765.00$760.001:2Sep 14-$1.93$3.07

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 293 found (best yield 1.83%, avg 0.44%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$766.00Oct 16$14.030.480.1%1.83%1.93%2475.1K
$767.00Oct 16$13.430.460.2%1.75%1.98%3605.5K
$768.00Oct 16$12.840.470.4%1.68%2.03%1173.2K
$769.00Oct 16$12.260.450.5%1.60%2.09%2761.9K
$770.00Oct 16$11.700.440.6%1.53%2.15%4629.8K
$771.00Oct 16$11.150.430.8%1.46%2.20%441.8K
$772.00Oct 16$10.620.420.9%1.39%2.27%961.7K
$773.00Oct 16$10.100.411.0%1.32%2.33%5691.4K
$774.00Oct 16$9.600.401.1%1.25%2.39%601.2K
$775.00Oct 16$9.110.381.3%1.19%2.46%64514.8K

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 3,603,139
Total Puts 4,334,535
Put/Call Ratio 1.20
Net Difference -731,396

Prior's Put/Call Breakdown

Total Calls 5,514,262
Total Puts 6,412,314
Put/Call Ratio 1.16
Net Difference -898,052

Prior 7-Day Put/Call Summary

Total Calls 31,692,341
Total Puts 34,749,165
Average Put/Call Ratio 1.10
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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