Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$770.32 -0.10%
8/28 12:40

Option Volume

Detail
Current (08/28 12:40pm) 7,410,102
Calls: 3,548,833 (48%)
Puts: 3,861,269 (52%)
Prior (08/27) 5,333,609
Calls: 2,714,071 (51%)
Puts: 2,619,538 (49%)
Current vs Prior +38.93%
Calls: +30.76% (Calls)
Puts: +47.40% (Puts)
Prior 7-Day Total 62,951,848
Calls: 29,301,825 (47%)
Puts: 33,650,023 (53%)
Prior 7-Day Average 8,993,121
Calls: 4,185,975 (47%)
Puts: 4,807,146 (53%)
Current vs Prior 7-Day Avg -17.60%
Calls: -15.22%
Puts: -19.68%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/28 12:40pm) $1.12B
Calls: $361.99M (32%)
Puts: $758.63M (68%)
Prior (08/27) $773.72M
Calls: $588.56M (76%)
Puts: $185.17M (24%)
Current vs Prior +44.83%
Calls: -38.50%
Puts: +309.70%
Prior 7-Day Total $7.27B
Calls: $3.30B (45%)
Puts: $3.97B (55%)
Prior 7-Day Average $1.04B
Calls: $471.51M (45%)
Puts: $567.32M (55%)
Current vs Prior 7-Day Avg +7.87%
Calls: -23.23%
Puts: +33.72%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/28 12:40pm) 1.09
Prior (08/27) 0.97
Current vs Prior +12.73%
Prior 7-Day Average 1.15
Current vs Prior 7-Day Avg -5.45%
Sentiment BEARISH

Open Interest

Detail
Current (08/28 12:40pm) 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 69,897,963
Calls: 18,971,042 (27%)
Puts: 50,926,921 (73%)
Prior 7-Day Average 9,985,423
Calls: 2,710,148 (27%)
Puts: 7,275,274 (73%)
Current vs Prior 7-Day Avg -11.61%
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 0.36% | 0.65%0.36% | 0.65%0.36% | 1.23%2.31% | 3.81%
Prior 0.62% | 0.81%0.62% | 0.81%0.62% | 1.33%2.37% | 3.83%
Current vs Prior -41.62% | -19.69%-41.62% | -19.69%-41.62% | -7.40%-2.47% | -0.44%
Prior 7-Day Avg 0.53% | 0.77%0.39% | 0.81%0.75% | 1.53%1.56% | 3.58%
Current vs 7-Day Avg -32.77% | -15.00%-6.98% | -19.70%-52.35% | -19.57%+48.18% | +6.32%
Prior 7-Day Eod 0.62% | 0.81%0.62% | 0.81%0.62% | 1.33%2.37% | 3.83%
Current vs 7-Day Eod -41.62% | -19.69%-41.62% | -19.69%-41.62% | -7.40%-2.47% | -0.44%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.06% | 0.59%
Calls: 0.77% | 0.40%
Puts: 1.36% | 0.78%
Prior 1.68% | 1.40%
Calls: 0.52% | 1.10%
Puts: 2.83% | 1.69%
Current vs Prior -36.90% | -57.86%
Prior 7-Day Avg 1.37% | 1.15%
Calls: 1.40% | 1.03%
Puts: 1.34% | 1.26%
Current vs 7-Day Avg -22.79% | -48.57%
Liquidity Excellent
+
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🤖 AI Insights

Moderately bearish flow with 68% put dollar volume ($758.63M). Slightly bearish P/C ratio of 1.09. 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 NEUTRAL
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
12:40BEARISHNEUTRALBEARISH
12:35BEARISHNEUTRALBEARISH
12:30BEARISHBEARISHBEARISH
12:25BEARISHBEARISHBEARISH
12:20BEARISHBEARISHBEARISH
12:15BEARISHBEARISHBEARISH
12:10BEARISHBEARISHBEARISH
12:05BEARISHBEARISHBEARISH
12:00BEARISHBEARISHBEARISH
11:55BEARISHBEARISHBEARISH
11:50BULLISHBEARISHBEARISH
11:45BULLISHNEUTRALMIXED
11:40BULLISHNEUTRALMIXED
11:35BULLISHNEUTRALMIXED
11:30BULLISHNEUTRALMIXED
11:25BULLISHNEUTRALMIXED
11:20BULLISHNEUTRALMIXED
11:15BULLISHNEUTRALMIXED
11:10BULLISHNEUTRALMIXED
11:05BULLISHNEUTRALBULLISH
11:00BULLISHNEUTRALBULLISH
10:55BULLISHNEUTRALBULLISH
10:50BULLISHNEUTRALMIXED
10:45BULLISHNEUTRALMIXED
10:40BULLISHNEUTRALMIXED
10:35BULLISHNEUTRALMIXED
10:30BULLISHBEARISHBEARISH
10:25BULLISHBEARISHBEARISH
10:20BULLISHNEUTRALMIXED
10:15BEARISHBEARISHBEARISH
10:10BEARISHNEUTRALBEARISH
10:05BULLISHNEUTRALBULLISH
10:00BULLISHNEUTRALMIXED
09:55BULLISHNEUTRALMIXED
09:50BULLISHNEUTRALBULLISH
09:45BULLISHNEUTRALBULLISH
09:40BULLISHNEUTRALMIXED
09:35BULLISHBEARISHBEARISH

📈 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 2,371 of results (avg 3.6%, best 0.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$625.00Aug 28145.15145.46$145.310.2%61.004
$645.00Aug 28125.17125.46$125.320.2%11.002
$675.00Aug 2895.1795.46$95.320.3%11.0011
$635.00Aug 28135.04135.46$135.250.3%11.002
$697.00Aug 2873.1873.42$73.300.3%41.0081
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$875.00Aug 28104.55104.85$104.700.3%101.00--
$885.00Aug 28114.56114.94$114.750.3%21.00--
$860.00Aug 2889.5689.86$89.710.3%11.00--
$890.00Aug 28119.54120.00$119.770.4%41.00--
$774.00Sep 3012.3312.38$12.360.4%1750.57145

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 832 found (avg $0.35, cheapest $0.10)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$774.00Aug 280.090.10$0.1010.0%363.4K0.087.2K
$775.00Aug 280.050.06$0.0616.7%477.6K0.0514.0K
$773.00Aug 280.200.21$0.214.8%363.5K0.154.5K
$772.00Aug 280.410.42$0.422.4%354.7K0.2611.5K
$771.00Aug 280.770.78$0.781.3%221.0K0.4011.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$767.00Aug 280.290.30$0.303.3%126.6K0.178.3K
$765.00Aug 280.140.15$0.156.7%106.0K0.0821.6K
$766.00Aug 280.200.21$0.214.8%93.4K0.126.4K
$764.00Aug 280.100.11$0.119.1%51.3K0.068.6K
$768.00Aug 280.440.45$0.452.2%184.2K0.2410.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,323 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$620.00Aug 28149.96150.46$150.210.3%--1.0018
$625.00Aug 28145.15145.46$145.310.2%61.004
$630.00Aug 28139.94140.46$140.200.4%--1.0012
$635.00Aug 28135.04135.46$135.250.3%11.002
$645.00Aug 28125.17125.46$125.320.2%11.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$795.00Sep 423.1026.53$24.8213.8%11.00--
$799.00Sep 426.9230.53$28.7312.6%11.00--
$800.00Sep 427.9231.53$29.7312.1%41.0041
$825.00Sep 452.9456.53$54.746.6%11.00--
$854.00Sep 482.3985.53$83.963.7%21.002

Most actively traded options today. High liquidity = easy entry/exit. 2,703 active (total vol 7.4M, top 500.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$775.00Aug 280.050.06$0.0616.7%477.6K0.0514.0K
$773.00Aug 280.200.21$0.214.8%363.5K0.154.5K
$774.00Aug 280.090.10$0.1010.0%363.4K0.087.2K
$772.00Aug 280.410.42$0.422.4%354.7K0.2611.5K
$776.00Aug 280.030.04$0.0425.0%300.6K0.0311.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$770.00Aug 280.991.00$1.001.0%500.9K0.4613.1K
$771.00Aug 281.461.48$1.471.4%355.1K0.606.8K
$772.00Aug 282.102.13$2.121.4%314.1K0.743.1K
$769.00Aug 280.660.67$0.671.5%228.0K0.345.9K
$773.00Aug 282.882.92$2.901.4%227.6K0.852.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 61.9%, max 97.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$767.00Aug 28Oct 222.0%11.1%97.4%7.3K7.0K
$768.00Aug 28Oct 920.6%11.2%83.9%12.1K10.6K
$769.00Aug 28Oct 919.4%11.1%75.4%30.5K3.9K
$770.00Aug 28Oct 918.4%11.0%67.7%118.6K19.6K
$771.00Aug 28Oct 917.7%10.8%63.3%221.0K11.4K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$767.00Aug 28Oct 922.0%11.3%94.6%126.6K8.5K
$768.00Aug 28Oct 920.6%11.2%83.9%184.2K10.5K
$769.00Aug 28Oct 919.4%11.1%75.4%228.0K5.9K
$770.00Aug 28Oct 918.4%11.0%67.7%501.0K13.1K
$771.00Aug 28Oct 917.7%10.8%63.3%355.1K6.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 778 found (best R:R 4.26, avg 3.90)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$745.00$746.00Sep 1$0.19$0.81$0.19100%4.26$745.19
$725.00$726.00Sep 18$0.34$0.66$0.3494%1.94$725.34
$754.00$755.00Aug 31$0.55$0.45$0.55100%0.82$754.55
$749.00$750.00Aug 31$0.56$0.44$0.56100%0.79$749.56
$735.00$736.00Sep 18$0.49$0.51$0.4990%1.04$735.49
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$781.00$780.00Aug 31$0.62$0.38$0.6298%0.61$780.38
$782.00$781.00Sep 1$0.63$0.37$0.6397%0.59$781.37
$777.00$776.00Sep 1$0.53$0.47$0.5386%0.89$776.47
$782.00$781.00Sep 8$0.53$0.47$0.5385%0.89$781.47
$788.00$787.00Sep 4$0.65$0.35$0.6595%0.54$787.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 583 found (best R:R 0.50, avg 0.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$787.00$789.00Oct 9$0.67$0.67$1.3371%0.50$787.67
$771.00$772.00Oct 9$0.58$0.58$0.4252%1.38$771.58
$771.00$772.00Sep 25$0.57$0.57$0.4353%1.33$771.57
$771.00$772.00Oct 2$0.57$0.57$0.4353%1.33$771.57
$772.00$773.00Oct 9$0.57$0.57$0.4353%1.33$772.57
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$765.00$764.00Aug 31$0.16$0.16$0.8480%0.19$764.84
$760.00$759.00Sep 2$0.11$0.11$0.8985%0.12$759.89
$762.00$761.00Sep 2$0.15$0.15$0.8581%0.18$761.85
$768.00$767.00Aug 28$0.15$0.15$0.8576%0.18$767.85
$762.00$761.00Sep 1$0.11$0.11$0.8984%0.12$761.89

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $1.11, cheapest $1.12)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Aug 28Aug 31$1.1219.4%7.8%
$770.00Aug 28Aug 31$1.1818.4%7.6%
$771.00Aug 28Aug 31$1.1417.7%8.2%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Aug 28Aug 31$1.0419.4%7.9%
$770.00Aug 28Aug 31$1.0918.4%7.6%
$771.00Aug 28Aug 31$1.0817.7%8.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,064 found (cheapest 0.29% of stock, avg 3.86%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$771.00Aug 28$0.78$1.47$2.25$768.75$773.250.29%
$770.00Aug 28$1.30$1.00$2.30$767.70$772.300.30%
$772.00Aug 28$0.42$2.12$2.54$769.46$774.540.33%
$769.00Aug 28$1.97$0.67$2.64$766.36$771.640.34%
$773.00Aug 28$0.21$2.90$3.11$769.89$776.110.40%
$768.00Aug 28$2.75$0.45$3.20$764.80$771.200.42%
$774.00Aug 28$0.10$3.76$3.86$770.14$777.860.50%
$767.00Aug 28$3.60$0.30$3.90$763.10$770.900.51%
$771.00Aug 31$1.92$2.55$4.47$766.53$775.470.58%
$770.00Aug 31$2.48$2.09$4.57$765.43$774.570.59%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 370 found (cheapest 0.04% of stock, avg 1.37%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$774.00$766.00Aug 28$0.10$0.21$0.31$765.69$774.31
$773.00$766.00Aug 28$0.21$0.21$0.42$765.58$773.42
$774.00$767.00Aug 28$0.10$0.30$0.40$766.60$774.40
$773.00$767.00Aug 28$0.21$0.30$0.51$766.49$773.51
$774.00$768.00Aug 28$0.10$0.45$0.55$767.45$774.55
$772.00$766.00Aug 28$0.42$0.21$0.63$765.37$772.63
$773.00$768.00Aug 28$0.21$0.45$0.66$767.34$773.66
$772.00$767.00Aug 28$0.42$0.30$0.72$766.28$772.72
$772.00$768.00Aug 28$0.42$0.45$0.87$767.13$772.87
$774.00$769.00Aug 28$0.10$0.67$0.77$768.23$774.77

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 460 found (best R:R 1.08, avg credit $0.46)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
752/753776/777Sep 10$0.52$0.4849%1.08$752.48$776.52
753/754776/777Sep 9$0.50$0.5051%1.00$753.50$776.50
752/753778/779Sep 10$0.46$0.5455%0.85$752.54$778.46
754/755776/777Sep 8$0.48$0.5252%0.92$754.52$776.48
751/752778/779Sep 11$0.48$0.5252%0.92$751.52$778.48
755/756776/777Sep 8$0.49$0.5151%0.96$755.51$776.49
757/758776/777Sep 8$0.52$0.4848%1.08$757.48$776.52
744/745778/779Sep 18$0.52$0.4848%1.08$744.48$778.52
740/741780/781Sep 25$0.51$0.4949%1.04$740.49$780.51
759/760774/775Sep 2$0.47$0.5353%0.89$759.53$774.47

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 370 found (best R:R 13.29, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$767.00$768.00$769.00Aug 28$0.07$0.9317%13.29
$768.00$769.00$770.00Aug 28$0.11$0.8922%8.09
$771.00$772.00$773.00Aug 31$0.06$0.9414%15.67
$773.00$774.00$775.00Aug 31$0.06$0.9413%15.67
$769.00$770.00$771.00Aug 28$0.15$0.8527%5.67
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$767.00$768.00$769.00Aug 28$0.07$0.9317%13.29
$772.00$773.00$774.00Aug 28$0.08$0.9218%11.50
$768.00$769.00$770.00Aug 28$0.11$0.8922%8.09
$769.00$770.00$771.00Aug 28$0.14$0.8627%6.14
$768.00$769.00$770.00Aug 31$0.06$0.9413%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. 1,159 found (best net $-18.22, 1,154 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$695.001:2Oct 2-$18.22$41.78
$700.00$728.001:2Oct 9-$21.41$6.59
$771.00$772.001:2Aug 28-$0.06$0.94
$770.00$771.001:2Aug 28-$0.26$0.74
$772.00$773.001:2Aug 28$0.00$1.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$825.00$800.001:2Sep 4-$4.72$20.28
$854.00$825.001:2Sep 4-$25.52$3.48
$665.00$620.001:2Sep 10-$0.02$44.98
$675.00$650.001:2Sep 9-$0.04$24.96
$770.00$769.001:2Aug 28-$0.34$0.66

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 330 found (best yield 1.73%, avg 0.40%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$771.00Oct 9$13.350.470.1%1.73%1.82%313
$772.00Oct 9$12.770.470.2%1.66%1.88%5612
$773.00Oct 9$12.200.460.3%1.58%1.93%1518
$774.00Oct 9$11.650.450.5%1.51%1.99%441
$775.00Oct 9$11.110.440.6%1.44%2.05%15320
$776.00Oct 9$10.580.430.7%1.37%2.11%2547
$777.00Oct 9$10.080.410.9%1.31%2.18%188
$778.00Oct 9$9.580.401.0%1.24%2.24%13828
$779.00Oct 9$9.100.391.1%1.18%2.31%2114
$780.00Oct 9$8.640.381.3%1.12%2.38%3462

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 3,548,833
Total Puts 3,861,269
Put/Call Ratio 1.09
Net Difference -312,436

Prior's Put/Call Breakdown

Total Calls 2,714,071
Total Puts 2,619,538
Put/Call Ratio 0.97
Net Difference 94,533

Prior 7-Day Put/Call Summary

Total Calls 29,301,825
Total Puts 33,650,023
Average Put/Call Ratio 1.15
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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