Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$773.44 +1.08%
9/3 15:13

Option Volume

Detail
Current (09/03) 10,556,622
Calls: 5,239,652 (50%)
Puts: 5,316,970 (50%)
Prior (09/02) 8,806,980
Calls: 3,975,934 (45%)
Puts: 4,831,046 (55%)
Current vs Prior +19.87%
Calls: +31.78% (Calls)
Puts: +10.06% (Puts)
Prior 7-Day Total 69,318,531
Calls: 33,095,673 (48%)
Puts: 36,222,858 (52%)
Prior 7-Day Average 9,902,647
Calls: 4,727,953 (48%)
Puts: 5,174,694 (52%)
Current vs Prior 7-Day Avg +6.60%
Calls: +10.82%
Puts: +2.75%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/03) $1.66B
Calls: $1.31B (79%)
Puts: $346.73M (21%)
Prior (09/02) $1.02B
Calls: $622.14M (61%)
Puts: $396.54M (39%)
Current vs Prior +63.12%
Calls: +111.36%
Puts: -12.56%
Prior 7-Day Total $8.41B
Calls: $4.77B (57%)
Puts: $3.64B (43%)
Prior 7-Day Average $1.20B
Calls: $681.38M (57%)
Puts: $519.93M (43%)
Current vs Prior 7-Day Avg +38.32%
Calls: +92.99%
Puts: -33.31%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/03) 1.01
Prior (09/02) 1.22
Current vs Prior -16.49%
Prior 7-Day Average 1.10
Current vs Prior 7-Day Avg -7.84%
Sentiment BEARISH

Open Interest

Detail
Current (09/03) 9,667,767
Calls: 2,526,461 (26%)
Puts: 7,141,306 (74%)
Prior (09/02) 9,677,902
Calls: 2,556,486 (26%)
Puts: 7,121,416 (74%)
Current vs Prior -0.10%
Prior 7-Day Total 63,648,179
Calls: 17,197,577 (27%)
Puts: 46,450,602 (73%)
Prior 7-Day Average 9,092,597
Calls: 2,456,796 (27%)
Puts: 6,635,800 (73%)
Current vs Prior 7-Day Avg +6.33%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/03) | Next (09/04)Expiry (09/04) | Next (09/09)Expiry (09/04) | Next (09/11)Expiry (09/15) | Next (10/16)
Current 0.18% | 0.56%0.56% | 0.92%0.56% | 1.26%1.78% | 3.46%
Prior 0.56% | 0.79%0.20% | 0.79%0.79% | 1.39%1.85% | 3.61%
Current vs Prior -67.79% | -29.55%+181.73% | +16.17%-29.55% | -9.00%-4.00% | -4.29%
Prior 7-Day Avg 0.58% | 0.79%0.35% | 0.80%0.77% | 1.45%2.25% | 3.79%
Current vs 7-Day Avg -68.90% | -29.53%+58.63% | +14.80%-27.17% | -13.32%-20.96% | -8.82%
Prior 7-Day Eod 0.18% | 0.56%0.20% | 0.79%0.79% | 1.39%1.85% | 3.61%
Current vs 7-Day Eod +0.01% | -0.45%+181.73% | +16.17%-29.55% | -9.00%-4.00% | -4.29%
Sentiment BULLISHBEARISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.44% | 0.68%
Calls: 1.54% | 0.86%
Puts: 1.33% | 0.50%
Prior 1.12% | 0.90%
Calls: 0.87% | 0.90%
Puts: 1.37% | 0.90%
Current vs Prior +28.57% | -24.44%
Prior 7-Day Avg 1.56% | 1.07%
Calls: 1.19% | 1.01%
Puts: 1.98% | 1.34%
Current vs 7-Day Avg -7.86% | -36.62%
Liquidity Excellent
+
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🤖 AI Insights

Strong bullish conviction with 79% of dollar volume in calls ($1.31B) vs puts ($346.73M). Elevated premium activity with dollar volume up 63% vs prior. Slightly bearish P/C ratio of 1.01. Put-heavy open interest (7,141,306 puts vs 2,526,461 calls) suggests hedging or bearish positioning.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
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 2,316 of results (avg 2.7%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$635.00Sep 3138.40138.58$138.490.1%11.006
$778.00Oct 1611.3811.40$11.390.2%2410.442.9K
$779.00Oct 1610.8510.87$10.860.2%2960.431.9K
$685.00Sep 388.4088.58$88.490.2%121.0013
$625.00Sep 3148.27148.58$148.430.2%--1.0022
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$773.00Sep 186.966.97$6.970.1%1.6K0.514.3K
$772.00Sep 186.546.55$6.550.2%2.0K0.483.2K
$920.00Sep 3146.37146.60$146.490.2%11.00--
$770.00Sep 185.755.76$5.760.2%9.7K0.4416.5K
$745.00Oct 165.025.03$5.030.2%17.5K0.2323.0K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 754 found (avg $0.32, cheapest $0.18)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$774.00Sep 30.170.18$0.185.6%602.2K0.313.4K
$775.00Sep 30.050.06$0.0616.7%469.2K0.106.8K
$773.00Sep 30.640.65$0.651.5%644.0K0.694.3K
$782.00Sep 40.060.07$0.0714.3%7.3K0.044.0K
$781.00Sep 40.090.10$0.1010.0%16.0K0.052.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$772.00Sep 30.060.07$0.0714.3%559.8K0.11913
$773.00Sep 30.210.22$0.224.5%451.8K0.3115
$774.00Sep 30.740.75$0.751.3%168.2K0.691
$765.00Sep 40.200.21$0.214.8%38.5K0.0755.5K
$764.00Sep 40.160.17$0.175.9%17.0K0.066.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,175 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$625.00Sep 3148.27148.58$148.430.2%--1.0022
$635.00Sep 3138.40138.58$138.490.1%11.006
$685.00Sep 388.4088.58$88.490.2%121.0013
$700.00Sep 373.4073.58$73.490.2%41.004
$718.00Sep 355.4055.58$55.490.3%171.0032
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$920.00Sep 3146.37146.60$146.490.2%11.00--
$782.00Sep 48.278.61$8.444.0%1.6K1.00--
$783.00Sep 49.479.61$9.541.5%1.8K1.00--
$784.00Sep 410.3910.61$10.502.1%6001.00--
$785.00Sep 411.3011.63$11.472.9%1.6K1.008

Most actively traded options today. High liquidity = easy entry/exit. 2,536 active (total vol 10.5M, top 644.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$773.00Sep 30.640.65$0.651.5%644.0K0.694.3K
$774.00Sep 30.170.18$0.185.6%602.2K0.313.4K
$775.00Sep 30.050.06$0.0616.7%469.2K0.106.8K
$770.00Sep 33.423.51$3.472.6%463.4K0.968.0K
$772.00Sep 31.491.51$1.501.3%433.8K0.896.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$772.00Sep 30.060.07$0.0714.3%559.8K0.11913
$773.00Sep 30.210.22$0.224.5%451.8K0.3115
$771.00Sep 30.030.04$0.0425.0%391.4K0.05864
$768.00Sep 30.010.02$0.0250.0%386.9K0.021.2K
$770.00Sep 30.020.03$0.0333.3%360.8K0.031.5K

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 11.9%, max 13.7%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$773.00Sep 3Oct 1612.3%10.8%13.7%644.7K5.7K
$774.00Sep 3Oct 1611.8%10.7%10.3%602.4K4.5K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$773.00Sep 3Oct 1612.3%10.8%13.6%452.3K911
$774.00Sep 3Oct 1611.8%10.7%10.2%168.5K971

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 691 found (best R:R 9.00, avg 4.47)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$723.00$724.00Sep 11$0.10$0.90$0.1099%9.00$723.10
$754.00$755.00Sep 18$0.11$0.89$0.1184%8.09$754.11
$734.00$735.00Oct 16$0.13$0.87$0.1385%6.69$734.13
$745.00$746.00Oct 2$0.12$0.88$0.1284%7.33$745.12
$752.00$753.00Sep 30$0.23$0.77$0.2379%3.35$752.23
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$798.00$795.00Sep 30$1.78$1.22$1.7888%0.69$796.22
$798.00$797.00Oct 16$0.15$0.85$0.1579%5.67$797.85
$790.00$788.00Sep 25$0.98$1.02$0.9881%1.04$789.02
$801.00$800.00Oct 2$0.28$0.72$0.2888%2.57$800.72
$800.00$799.00Oct 16$0.23$0.77$0.2381%3.35$799.77

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 514 found (best R:R 0.82, avg 0.38)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$775.00$780.00Sep 15$2.26$2.26$2.7454%0.82$777.26
$775.00$780.00Sep 17$2.38$2.38$2.6253%0.91$777.38
$775.00$780.00Sep 14$2.20$2.20$2.8054%0.79$777.20
$775.00$780.00Sep 16$2.33$2.33$2.6753%0.87$777.33
$780.00$785.00Sep 14$1.34$1.34$3.6669%0.37$781.34
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$773.00$772.00Sep 3$0.15$0.15$0.8569%0.18$772.85
$770.00$769.00Sep 4$0.18$0.18$0.8276%0.22$769.82
$768.00$767.00Sep 4$0.10$0.10$0.9085%0.11$767.90
$773.00$772.00Sep 4$0.36$0.36$0.6456%0.56$772.64
$767.00$766.00Sep 8$0.14$0.14$0.8680%0.16$766.86

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.47, cheapest $1.67)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$773.00Sep 3Sep 4$1.6712.3%11.5%
$774.00Sep 3Sep 4$1.5711.8%11.7%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$773.00Sep 3Sep 4$1.3712.3%11.5%
$774.00Sep 3Sep 4$1.2611.8%11.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 984 found (cheapest 0.11% of stock, avg 4.03%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$773.00Sep 3$0.65$0.22$0.87$772.13$773.870.11%
$774.00Sep 3$0.18$0.75$0.93$773.07$774.930.12%
$772.00Sep 3$1.50$0.07$1.57$770.43$773.570.20%
$775.00Sep 3$0.06$1.62$1.68$773.32$776.680.22%
$771.00Sep 3$2.48$0.04$2.52$768.48$773.520.33%
$776.00Sep 3$0.03$2.58$2.61$773.39$778.610.34%
$770.00Sep 3$3.47$0.03$3.50$766.50$773.500.45%
$777.00Sep 3$0.02$3.56$3.58$773.42$780.580.46%
$774.00Sep 4$1.75$2.01$3.76$770.24$777.760.49%
$775.00Sep 4$1.26$2.53$3.79$771.21$778.790.49%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 371 found (cheapest 0.01% of stock, avg 1.28%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$775.00$771.00Sep 3$0.06$0.04$0.10$770.90$775.10
$775.00$772.00Sep 3$0.06$0.07$0.13$771.87$775.13
$774.00$772.00Sep 3$0.18$0.07$0.25$771.75$774.25
$774.00$771.00Sep 3$0.18$0.04$0.22$770.78$774.22
$774.00$773.00Sep 3$0.18$0.22$0.40$772.60$774.40
$775.00$773.00Sep 3$0.06$0.22$0.28$772.72$775.28
$778.00$769.00Sep 4$0.38$0.57$0.95$768.05$778.95
$790.00$750.00Sep 14$0.42$0.61$1.03$748.97$791.03
$777.00$769.00Sep 4$0.57$0.57$1.14$767.86$778.14
$778.00$770.00Sep 4$0.38$0.75$1.13$768.87$779.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 366 found (best R:R 1.00, avg credit $0.59)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
740/741782/783Sep 30$0.50$0.5051%1.00$740.50$782.50
740/741783/784Sep 30$0.48$0.5252%0.92$740.52$783.48
744/745781/782Sep 25$0.50$0.5050%1.00$744.50$781.50
744/745782/783Sep 25$0.48$0.5252%0.92$744.52$782.48
746/747781/782Sep 25$0.51$0.4949%1.04$746.49$781.51
740/741783/784Oct 2$0.50$0.5050%1.00$740.50$783.50
746/747782/783Sep 25$0.49$0.5151%0.96$746.51$782.49
742/743782/783Sep 30$0.50$0.5050%1.00$742.50$782.50
748/749781/782Sep 25$0.52$0.4847%1.08$748.48$781.52
748/749782/783Sep 25$0.50$0.5049%1.00$748.50$782.50

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 345 found (best R:R 32.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$755.00$760.00$765.00Sep 15$0.15$4.8514%32.33
$760.00$765.00$770.00Sep 15$0.41$4.5920%11.20
$760.00$765.00$770.00Sep 14$0.45$4.5521%10.11
$755.00$760.00$765.00Sep 17$0.24$4.7614%19.83
$765.00$770.00$775.00Sep 17$0.50$4.5022%9.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$765.00$770.00$775.00Sep 14$0.69$4.3128%6.25
$760.00$765.00$770.00Sep 14$0.48$4.5221%9.42
$765.00$770.00$775.00Sep 15$0.65$4.3526%6.69
$755.00$760.00$765.00Sep 15$0.28$4.7214%16.86
$755.00$760.00$765.00Sep 14$0.29$4.7114%16.24

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,092 found (best net $-9.11, 1,068 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$700.001:2Sep 8-$9.11$55.89
$665.00$710.001:2Sep 10-$19.24$25.76
$635.00$690.001:2Oct 9-$31.49$23.51
$725.00$750.001:2Sep 17-$1.86$23.14
$635.00$685.001:2Sep 3-$38.49$11.51
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$825.00$805.001:2Sep 18-$13.21$6.79
$795.00$785.001:2Sep 14-$2.18$7.82
$790.00$780.001:2Sep 16-$2.32$7.68
$801.00$791.001:2Sep 10-$7.29$2.71
$830.00$810.001:2Oct 16-$18.26$1.74

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 284 found (best yield 1.76%, avg 0.43%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$774.00Oct 16$13.640.480.1%1.76%1.84%2451.2K
$775.00Oct 16$13.050.470.2%1.69%1.89%91215.0K
$776.00Oct 16$12.480.470.3%1.61%1.94%2171.4K
$777.00Oct 16$11.920.450.5%1.54%2.00%90908
$778.00Oct 16$11.380.440.6%1.47%2.06%2412.9K
$779.00Oct 16$10.850.430.7%1.40%2.12%2961.9K
$780.00Oct 16$10.330.420.8%1.34%2.18%1.2K5.7K
$781.00Oct 16$9.830.411.0%1.27%2.25%952.2K
$782.00Oct 16$9.350.401.1%1.21%2.32%2161.2K
$783.00Oct 16$8.880.381.2%1.15%2.38%233969

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 5,239,652
Total Puts 5,316,970
Put/Call Ratio 1.01
Net Difference -77,318

Prior's Put/Call Breakdown

Total Calls 3,975,934
Total Puts 4,831,046
Put/Call Ratio 1.22
Net Difference -855,112

Prior 7-Day Put/Call Summary

Total Calls 33,095,673
Total Puts 36,222,858
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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