Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$768.67 -0.32%
8/28 13:40

Option Volume

Detail
Current (08/28 1:40pm) 8,926,213
Calls: 4,338,219 (49%)
Puts: 4,587,994 (51%)
Prior (08/27) 6,678,037
Calls: 3,367,264 (50%)
Puts: 3,310,773 (50%)
Current vs Prior +33.67%
Calls: +28.84% (Calls)
Puts: +38.58% (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 -0.74%
Calls: +3.64%
Puts: -4.56%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/28 1:40pm) $1.48B
Calls: $335.08M (23%)
Puts: $1.15B (77%)
Prior (08/27) $913.28M
Calls: $681.92M (75%)
Puts: $231.36M (25%)
Current vs Prior +62.14%
Calls: -50.86%
Puts: +395.21%
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 +42.55%
Calls: -28.93%
Puts: +101.95%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/28 1:40pm) 1.06
Prior (08/27) 0.98
Current vs Prior +7.56%
Prior 7-Day Average 1.15
Current vs Prior 7-Day Avg -8.09%
Sentiment BEARISH

Open Interest

Detail
Current (08/28 1:40pm) 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 0.34% | 0.66%0.34% | 0.66%0.34% | 1.26%2.34% | 3.82%
Prior 0.62% | 0.81%0.62% | 0.81%0.62% | 1.33%2.37% | 3.83%
Current vs Prior -45.51% | -19.20%-45.52% | -19.20%-45.52% | -5.25%-1.33% | -0.02%
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 -37.25% | -14.48%-13.19% | -19.21%-55.53% | -17.71%+49.91% | +6.76%
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 -45.51% | -19.20%-45.52% | -19.20%-45.52% | -5.25%-1.33% | -0.02%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.56% | 0.99%
Calls: 1.41% | 1.12%
Puts: 1.72% | 0.85%
Prior 1.68% | 1.40%
Calls: 0.52% | 1.10%
Puts: 2.83% | 1.69%
Current vs Prior -7.14% | -29.29%
Prior 7-Day Avg 1.37% | 1.15%
Calls: 1.40% | 1.03%
Puts: 1.34% | 1.26%
Current vs 7-Day Avg +13.63% | -13.70%
Liquidity Excellent
+
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🤖 AI Insights

Strong bearish conviction with 77% of dollar volume in puts ($1.15B) vs calls ($335.08M). Elevated premium activity with dollar volume up 62% vs prior. Slightly bearish P/C ratio of 1.06. 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
13:40BEARISHNEUTRALBEARISH
13:35BEARISHNEUTRALBEARISH
13:30BEARISHNEUTRALBEARISH
13:25BEARISHNEUTRALBEARISH
13:20BEARISHNEUTRALBEARISH
13:15BEARISHNEUTRALBEARISH
13:10BEARISHNEUTRALBEARISH
13:05BEARISHNEUTRALBEARISH
13:00BEARISHNEUTRALBEARISH
12:55BEARISHNEUTRALBEARISH
12:50BEARISHNEUTRALBEARISH
12:45BEARISHNEUTRALBEARISH
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 2,330 of results (avg 3.5%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$615.00Aug 28153.58153.80$153.690.1%--1.0051
$620.00Aug 28148.54148.86$148.700.2%--1.0018
$625.00Aug 28143.53143.89$143.710.3%61.004
$630.00Aug 28138.54138.91$138.730.3%--1.0012
$635.00Aug 28133.54133.92$133.730.3%11.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$875.00Aug 28106.17106.48$106.330.3%101.00--
$890.00Aug 28121.12121.48$121.300.3%41.00--
$885.00Aug 28116.10116.50$116.300.3%31.00--
$860.00Aug 2891.1691.50$91.330.4%11.00--
$865.00Aug 2896.1296.49$96.310.4%21.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 837 found (avg $0.35, cheapest $0.10)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$772.00Aug 280.090.10$0.1010.0%444.6K0.0911.5K
$771.00Aug 280.210.22$0.224.5%351.8K0.1711.4K
$770.00Aug 280.450.46$0.462.2%246.5K0.3019.6K
$769.00Aug 280.850.86$0.861.2%108.4K0.453.9K
$778.00Aug 310.050.06$0.0616.7%19.7K0.032.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$764.00Aug 280.100.11$0.119.1%87.3K0.078.6K
$765.00Aug 280.160.17$0.175.9%139.7K0.1121.6K
$763.00Aug 280.060.07$0.0714.3%66.8K0.0510.1K
$766.00Aug 280.260.27$0.273.7%130.5K0.176.4K
$768.00Aug 280.720.73$0.731.4%302.6K0.3910.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,349 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$615.00Aug 28153.58153.80$153.690.1%--1.0051
$620.00Aug 28148.54148.86$148.700.2%--1.0018
$625.00Aug 28143.53143.89$143.710.3%61.004
$630.00Aug 28138.54138.91$138.730.3%--1.0012
$635.00Aug 28133.54133.92$133.730.3%11.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$775.00Aug 286.256.44$6.353.0%138.4K1.001.8K
$776.00Aug 287.257.44$7.352.6%26.1K1.001.5K
$777.00Aug 288.238.44$8.342.5%9.2K1.00255
$778.00Aug 289.209.43$9.322.5%3.2K1.00117
$779.00Aug 2810.2310.44$10.342.0%8801.005

Most actively traded options today. High liquidity = easy entry/exit. 2,815 active (total vol 8.7M, top 564.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$775.00Aug 280.020.03$0.0333.3%503.3K0.0214.0K
$773.00Aug 280.040.05$0.0520.0%448.6K0.044.5K
$772.00Aug 280.090.10$0.1010.0%444.6K0.0911.5K
$774.00Aug 280.020.03$0.0333.3%398.0K0.037.2K
$771.00Aug 280.210.22$0.224.5%351.8K0.1711.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$770.00Aug 281.741.77$1.761.7%564.9K0.7013.1K
$771.00Aug 282.512.54$2.531.2%380.2K0.836.8K
$769.00Aug 281.151.17$1.161.7%342.1K0.555.9K
$772.00Aug 283.343.43$3.392.7%320.7K0.913.1K
$768.00Aug 280.720.73$0.731.4%302.6K0.3910.5K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 11 strikes (avg 71.9%, max 96.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$766.00Aug 28Oct 221.8%11.1%96.0%4.5K5.4K
$767.00Aug 28Oct 220.6%11.0%87.2%12.3K7.0K
$768.00Aug 28Oct 919.8%11.0%79.2%37.5K10.6K
$769.00Aug 28Oct 919.0%10.9%74.5%108.4K3.9K
$770.00Aug 28Oct 918.5%10.8%71.2%246.5K19.6K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$766.00Aug 28Oct 921.8%11.3%93.3%130.5K6.4K
$768.00Aug 28Oct 919.8%11.0%79.2%302.7K10.5K
$769.00Aug 28Oct 919.0%10.9%74.5%342.1K5.9K
$770.00Aug 28Oct 918.5%10.8%71.2%565.0K13.1K
$771.00Aug 28Oct 918.2%13.8%32.1%380.2K6.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 816 found (best R:R 2.13, avg 3.68)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$745.00$746.00Sep 4$0.32$0.68$0.3294%2.13$745.32
$752.00$753.00Sep 30$0.12$0.88$0.1271%7.33$752.12
$750.00$751.00Sep 11$0.25$0.75$0.2584%3.00$750.25
$633.00$634.00Aug 31$0.43$0.57$0.43100%1.33$633.43
$724.00$725.00Aug 31$0.43$0.57$0.43100%1.33$724.43
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$785.00$784.00Sep 11$0.35$0.65$0.3587%1.86$784.65
$780.00$779.00Sep 1$0.46$0.54$0.4697%1.17$779.54
$785.00$784.00Sep 30$0.30$0.70$0.3075%2.33$784.70
$783.00$782.00Sep 18$0.37$0.63$0.3777%1.70$782.63
$774.00$773.00Sep 2$0.41$0.59$0.4175%1.44$773.59

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 588 found (best R:R 1.50, avg 0.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$769.00$770.00Sep 18$0.60$0.60$0.4052%1.50$769.60
$769.00$770.00Sep 25$0.59$0.59$0.4153%1.44$769.59
$769.00$770.00Oct 9$0.59$0.59$0.4152%1.44$769.59
$770.00$771.00Oct 9$0.58$0.58$0.4253%1.38$770.58
$769.00$770.00Sep 30$0.58$0.58$0.4253%1.38$769.58
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$768.00$766.00Aug 28$0.46$0.46$1.5461%0.30$767.54
$766.00$765.00Aug 28$0.10$0.10$0.9083%0.11$765.90
$762.00$761.00Aug 31$0.11$0.11$0.8984%0.12$761.89
$764.00$763.00Aug 31$0.17$0.17$0.8377%0.20$763.83
$761.00$760.00Sep 1$0.13$0.13$0.8782%0.15$760.87

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $1.10, cheapest $1.21)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$768.00Aug 28Aug 31$1.2719.8%7.7%
$769.00Aug 28Aug 31$1.2619.0%8.3%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$768.00Aug 28Aug 31$1.2119.8%7.7%
$769.00Aug 28Aug 31$1.2019.0%8.3%
$767.00Aug 31Sep 1$0.588.0%8.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,092 found (cheapest 0.26% of stock, avg 3.90%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$769.00Aug 28$0.86$1.16$2.02$766.98$771.020.26%
$768.00Aug 28$1.42$0.73$2.15$765.85$770.150.28%
$770.00Aug 28$0.46$1.76$2.22$767.78$772.220.29%
$771.00Aug 28$0.22$2.53$2.75$768.25$773.750.36%
$766.00Aug 28$2.96$0.27$3.23$762.77$769.230.42%
$772.00Aug 28$0.10$3.39$3.49$768.51$775.490.45%
$765.00Aug 28$3.86$0.17$4.03$760.97$769.030.52%
$773.00Aug 28$0.05$4.36$4.41$768.59$777.410.57%
$769.00Aug 31$2.12$2.36$4.48$764.52$773.480.58%
$770.00Aug 31$1.62$2.86$4.48$765.52$774.480.58%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 366 found (cheapest 0.03% of stock, avg 1.42%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$772.00$764.00Aug 28$0.10$0.11$0.21$763.79$772.21
$772.00$765.00Aug 28$0.10$0.17$0.27$764.73$772.27
$771.00$764.00Aug 28$0.22$0.11$0.33$763.67$771.33
$771.00$765.00Aug 28$0.22$0.17$0.39$764.61$771.39
$772.00$766.00Aug 28$0.10$0.27$0.37$765.63$772.37
$771.00$766.00Aug 28$0.22$0.27$0.49$765.51$771.49
$770.00$764.00Aug 28$0.46$0.11$0.57$763.43$770.57
$770.00$765.00Aug 28$0.46$0.17$0.63$764.37$770.63
$770.00$766.00Aug 28$0.46$0.27$0.73$765.27$770.73
$771.00$768.00Aug 28$0.22$0.73$0.95$767.05$771.95

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 416 found (best R:R 1.08, avg credit $0.46)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
751/752774/775Sep 9$0.52$0.4850%1.08$751.48$774.52
747/748775/776Sep 11$0.51$0.4950%1.04$747.49$775.51
752/753774/775Sep 8$0.50$0.5051%1.00$752.50$774.50
753/754774/775Sep 8$0.51$0.4950%1.04$753.49$774.51
751/752775/776Sep 9$0.48$0.5252%0.92$751.52$775.48
747/748777/778Sep 11$0.45$0.5555%0.82$747.55$777.45
754/755774/775Sep 8$0.52$0.4848%1.08$754.48$774.52
756/757774/775Sep 8$0.55$0.4545%1.22$756.45$774.55
755/756775/776Sep 4$0.45$0.5555%0.82$755.55$775.45
753/754774/775Sep 9$0.53$0.4747%1.13$753.47$774.53

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 356 found (best R:R 10.11, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$768.00$769.00$770.00Aug 28$0.16$0.8431%5.25
$766.00$767.00$768.00Aug 31$0.05$0.9513%19.00
$767.00$768.00$769.00Aug 28$0.15$0.8528%5.67
$765.00$766.00$767.00Aug 28$0.07$0.9315%13.29
$771.00$772.00$773.00Aug 31$0.06$0.9413%15.67
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$770.00$771.00$772.00Aug 28$0.09$0.9121%10.11
$767.00$768.00$769.00Aug 31$0.06$0.9414%15.67
$770.00$771.00$772.00Aug 31$0.06$0.9414%15.67
$768.00$769.00$770.00Aug 28$0.17$0.8331%4.88
$766.00$767.00$768.00Aug 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. 1,156 found (best net $-17.02, 1,150 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$695.001:2Oct 2-$17.02$42.98
$700.00$728.001:2Oct 9-$20.01$7.99
$769.00$770.001:2Aug 28-$0.06$0.94
$768.00$769.001:2Aug 28-$0.30$0.70
$805.00$825.001:2Sep 10$0.00$20.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$825.00$800.001:2Sep 4-$6.29$18.71
$854.00$825.001:2Sep 4-$27.60$1.40
$769.00$768.001:2Aug 28-$0.30$0.70
$665.00$620.001:2Sep 10$0.00$45.00
$770.00$769.001:2Aug 28-$0.56$0.44

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 336 found (best yield 1.77%, avg 0.41%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$769.00Oct 9$13.570.480.0%1.77%1.81%2023
$770.00Oct 9$12.980.470.2%1.69%1.86%3434
$771.00Oct 9$12.400.470.3%1.61%1.92%713
$772.00Oct 9$11.840.450.4%1.54%1.97%5712
$773.00Oct 9$11.290.440.6%1.47%2.03%1618
$774.00Oct 9$10.750.430.7%1.40%2.09%441
$775.00Oct 9$10.230.420.8%1.33%2.15%15320
$776.00Oct 9$9.730.410.9%1.27%2.22%2847
$777.00Oct 9$9.240.391.1%1.20%2.29%208
$778.00Oct 9$8.770.381.2%1.14%2.35%13928

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 4,338,219
Total Puts 4,587,994
Put/Call Ratio 1.06
Net Difference -249,775

Prior's Put/Call Breakdown

Total Calls 3,367,264
Total Puts 3,310,773
Put/Call Ratio 0.98
Net Difference 56,491

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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