Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$769.54 -0.20%
8/28 14:00

Option Volume

Detail
Current (08/28 2:00pm) 9,365,461
Calls: 4,568,471 (49%)
Puts: 4,796,990 (51%)
Prior (08/27) 7,100,080
Calls: 3,529,341 (50%)
Puts: 3,570,739 (50%)
Current vs Prior +31.91%
Calls: +29.44% (Calls)
Puts: +34.34% (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 +4.14%
Calls: +9.14%
Puts: -0.21%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/28 2:00pm) $1.30B
Calls: $381.78M (29%)
Puts: $919.67M (71%)
Prior (08/27) $899.94M
Calls: $627.98M (70%)
Puts: $271.96M (30%)
Current vs Prior +44.62%
Calls: -39.20%
Puts: +238.17%
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 +25.28%
Calls: -19.03%
Puts: +62.11%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/28 2:00pm) 1.05
Prior (08/27) 1.01
Current vs Prior +3.78%
Prior 7-Day Average 1.15
Current vs Prior 7-Day Avg -8.75%
Sentiment BEARISH

Open Interest

Detail
Current (08/28 2:00pm) 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 0.28% | 0.60%0.28% | 0.60%0.28% | 1.21%2.30% | 3.79%
Prior 0.62% | 0.81%0.62% | 0.81%0.62% | 1.33%2.37% | 3.83%
Current vs Prior -54.01% | -25.69%-54.01% | -25.68%-54.01% | -9.16%-2.98% | -0.92%
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 -47.04% | -21.34%-26.72% | -25.69%-62.46% | -21.10%+47.41% | +5.81%
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 -54.01% | -25.69%-54.01% | -25.68%-54.01% | -9.16%-2.98% | -0.92%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 0.92% | 0.64%
Calls: 0.88% | 0.83%
Puts: 0.95% | 0.45%
Prior 1.68% | 1.40%
Calls: 0.52% | 1.10%
Puts: 2.83% | 1.69%
Current vs Prior -45.24% | -54.29%
Prior 7-Day Avg 1.37% | 1.15%
Calls: 1.40% | 1.03%
Puts: 1.34% | 1.26%
Current vs 7-Day Avg -32.99% | -44.21%
Liquidity Excellent
+
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🤖 AI Insights

Moderately bearish flow with 71% put dollar volume ($919.67M). Slightly bearish P/C ratio of 1.05. 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 BULLISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
14:00BEARISHNEUTRALBEARISH
13:55BEARISHNEUTRALBEARISH
13:50BEARISHNEUTRALBEARISH
13:45BEARISHNEUTRALBEARISH
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 2,325 of results (avg 3.4%, best 0.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$785.00Oct 24.724.73$4.720.2%1730.28184
$625.00Aug 28144.34144.67$144.510.2%61.004
$620.00Aug 28149.30149.68$149.490.3%--1.0018
$696.00Aug 2873.4573.64$73.550.3%61.0055
$697.00Aug 2872.4572.64$72.550.3%41.0081
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$875.00Aug 28105.36105.56$105.460.2%101.00--
$890.00Aug 28120.34120.58$120.460.2%41.00--
$770.00Sep 188.518.53$8.520.2%9.3K0.5316.8K
$865.00Aug 2895.3695.59$95.480.2%21.00--
$860.00Aug 2890.3690.59$90.480.3%11.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 826 found (avg $0.35, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$773.00Aug 280.050.06$0.0616.7%471.2K0.064.5K
$772.00Aug 280.110.12$0.128.3%477.5K0.1211.5K
$771.00Aug 280.270.28$0.283.6%383.8K0.2411.4K
$770.00Aug 280.590.60$0.601.7%288.8K0.4219.6K
$777.00Aug 310.090.10$0.1010.0%29.8K0.051.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$767.00Aug 280.150.16$0.166.3%200.5K0.148.3K
$766.00Aug 280.080.09$0.0911.1%152.3K0.086.4K
$765.00Aug 280.050.06$0.0616.7%152.3K0.0521.6K
$768.00Aug 280.300.31$0.313.2%330.4K0.2410.5K
$769.00Aug 280.570.58$0.571.8%372.2K0.395.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,356 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$620.00Aug 28149.30149.68$149.490.3%--1.0018
$625.00Aug 28144.34144.67$144.510.2%61.004
$630.00Aug 28139.28139.68$139.480.3%--1.0012
$635.00Aug 28134.30134.68$134.490.3%11.002
$645.00Aug 28124.30124.68$124.490.3%11.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$807.00Aug 2837.3337.56$37.450.6%11.00--
$809.00Aug 2839.3339.68$39.500.9%51.00--
$810.00Aug 2840.3340.68$40.500.9%51.00--
$820.00Aug 2850.3150.61$50.460.6%21.00--
$825.00Aug 2855.3655.58$55.470.4%41.001

Most actively traded options today. High liquidity = easy entry/exit. 2,849 active (total vol 9.4M, top 578.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$775.00Aug 280.020.03$0.0333.3%509.2K0.0214.0K
$772.00Aug 280.110.12$0.128.3%477.5K0.1211.5K
$773.00Aug 280.050.06$0.0616.7%471.2K0.064.5K
$774.00Aug 280.030.04$0.0425.0%405.3K0.047.2K
$771.00Aug 280.270.28$0.283.6%383.8K0.2411.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$770.00Aug 281.041.05$1.051.0%578.0K0.5813.1K
$771.00Aug 281.711.73$1.721.2%383.1K0.766.8K
$769.00Aug 280.570.58$0.571.8%372.2K0.395.9K
$768.00Aug 280.300.31$0.313.2%330.4K0.2410.5K
$772.00Aug 282.552.58$2.571.2%321.7K0.883.1K

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 55.1%, max 62.4%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$768.00Aug 28Oct 917.9%11.0%62.4%45.8K10.6K
$769.00Aug 28Oct 916.9%10.9%55.4%135.6K3.9K
$770.00Aug 28Oct 916.3%10.8%51.4%288.9K19.6K
$771.00Aug 28Oct 916.2%10.7%51.4%383.8K11.4K
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$768.00Aug 28Oct 917.9%11.0%62.4%330.5K10.5K
$769.00Aug 28Oct 916.9%10.9%55.4%372.3K5.9K
$770.00Aug 28Oct 916.3%10.8%51.4%578.1K13.1K
$771.00Aug 28Oct 916.2%10.7%51.4%383.2K6.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 761 found (best R:R 8.09, avg 3.71)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$749.00$750.00Sep 4$0.11$0.89$0.1192%8.09$749.11
$738.00$739.00Sep 4$0.23$0.77$0.2395%3.35$738.23
$755.00$756.00Sep 1$0.30$0.70$0.3095%2.33$755.30
$752.00$753.00Sep 30$0.12$0.88$0.1273%7.33$752.12
$751.00$752.00Aug 31$0.41$0.59$0.41100%1.44$751.41
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$785.00$784.00Sep 11$0.37$0.63$0.3786%1.70$784.63
$780.00$779.00Sep 1$0.60$0.40$0.6097%0.67$779.40
$782.00$781.00Sep 1$0.63$0.37$0.6398%0.59$781.37
$780.00$779.00Sep 18$0.36$0.64$0.3670%1.78$779.64
$780.00$779.00Sep 25$0.35$0.65$0.3568%1.86$779.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 563 found (best R:R 1.44, avg 0.41)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$770.00$771.00Oct 9$0.59$0.59$0.4152%1.44$770.59
$771.00$772.00Oct 9$0.58$0.58$0.4254%1.38$771.58
$770.00$771.00Sep 30$0.58$0.58$0.4253%1.38$770.58
$770.00$771.00Sep 18$0.58$0.58$0.4252%1.38$770.58
$770.00$771.00Sep 25$0.58$0.58$0.4252%1.38$770.58
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$768.00$767.00Aug 28$0.15$0.15$0.8576%0.18$767.85
$769.00$768.00Aug 28$0.26$0.26$0.7461%0.35$768.74
$764.00$763.00Aug 31$0.12$0.12$0.8883%0.14$763.88
$762.00$761.00Sep 1$0.12$0.12$0.8883%0.14$761.88
$766.00$765.00Aug 31$0.20$0.20$0.8074%0.25$765.80

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.24, cheapest $1.23)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Aug 28Aug 31$1.2816.9%7.0%
$770.00Aug 28Aug 31$1.2516.3%7.6%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Aug 28Aug 31$1.2316.9%7.0%
$770.00Aug 28Aug 31$1.1916.3%7.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,095 found (cheapest 0.21% of stock, avg 3.89%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$770.00Aug 28$0.60$1.05$1.65$768.35$771.650.21%
$769.00Aug 28$1.13$0.57$1.70$767.30$770.700.22%
$771.00Aug 28$0.28$1.72$2.00$769.00$773.000.26%
$768.00Aug 28$1.86$0.31$2.17$765.83$770.170.28%
$772.00Aug 28$0.12$2.57$2.69$769.31$774.690.35%
$767.00Aug 28$2.71$0.16$2.87$764.13$769.870.37%
$773.00Aug 28$0.06$3.49$3.55$769.45$776.550.46%
$766.00Aug 28$3.64$0.09$3.73$762.27$769.730.48%
$770.00Aug 31$1.85$2.24$4.09$765.91$774.090.53%
$771.00Aug 31$1.37$2.75$4.12$766.88$775.120.54%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 366 found (cheapest 0.02% of stock, avg 1.37%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$773.00$766.00Aug 28$0.06$0.09$0.15$765.85$773.15
$772.00$766.00Aug 28$0.12$0.09$0.21$765.79$772.21
$773.00$767.00Aug 28$0.06$0.16$0.22$766.78$773.22
$772.00$767.00Aug 28$0.12$0.16$0.28$766.72$772.28
$771.00$766.00Aug 28$0.28$0.09$0.37$765.63$771.37
$773.00$768.00Aug 28$0.06$0.31$0.37$767.63$773.37
$771.00$767.00Aug 28$0.28$0.16$0.44$766.56$771.44
$772.00$768.00Aug 28$0.12$0.31$0.43$767.57$772.43
$771.00$768.00Aug 28$0.28$0.31$0.59$767.41$771.59
$773.00$769.00Aug 28$0.06$0.57$0.63$768.37$773.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 405 found (best R:R 1.00, avg credit $0.46)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
749/750776/777Sep 11$0.50$0.5051%1.00$749.50$776.50
745/746778/779Sep 18$0.52$0.4848%1.08$745.48$778.52
755/756776/777Sep 8$0.47$0.5353%0.89$755.53$776.47
741/742778/779Sep 25$0.54$0.4646%1.17$741.46$778.54
738/739778/779Sep 25$0.52$0.4848%1.08$738.48$778.52
755/756775/776Sep 8$0.50$0.5050%1.00$755.50$775.50
752/753776/777Sep 9$0.46$0.5454%0.85$752.54$776.46
752/753777/778Sep 9$0.43$0.5757%0.75$752.57$777.43
743/744778/779Sep 18$0.50$0.5050%1.00$743.50$778.50
740/741778/779Sep 25$0.53$0.4747%1.13$740.47$778.53

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 323 found (best R:R 8.09, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$767.00$768.00$769.00Aug 28$0.12$0.8825%7.33
$769.00$770.00$771.00Aug 28$0.21$0.7937%3.76
$770.00$771.00$772.00Aug 28$0.16$0.8430%5.25
$772.00$773.00$774.00Sep 1$0.05$0.9511%19.00
$768.00$769.00$770.00Aug 28$0.20$0.8035%4.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$767.00$768.00$769.00Aug 28$0.11$0.8925%8.09
$769.00$770.00$771.00Aug 28$0.19$0.8137%4.26
$771.00$772.00$773.00Aug 28$0.07$0.9318%13.29
$769.00$770.00$771.00Aug 31$0.07$0.9315%13.29
$766.00$767.00$768.00Aug 28$0.08$0.9216%11.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,148 found (best net $-17.55, 1,143 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$695.001:2Oct 2-$17.55$42.45
$769.00$770.001:2Aug 28-$0.07$0.93
$768.00$769.001:2Aug 28-$0.40$0.60
$772.00$773.001:2Aug 28$0.00$1.00
$805.00$825.001:2Sep 10-$0.01$19.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$825.00$800.001:2Sep 4-$5.53$19.47
$854.00$825.001:2Sep 4-$26.58$2.42
$770.00$769.001:2Aug 28-$0.09$0.91
$771.00$770.001:2Aug 28-$0.38$0.62
$769.00$768.001:2Aug 28-$0.05$0.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 326 found (best yield 1.74%, avg 0.41%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$770.00Oct 9$13.410.480.1%1.74%1.80%3534
$771.00Oct 9$12.820.460.2%1.67%1.86%713
$772.00Oct 9$12.240.460.3%1.59%1.91%5712
$773.00Oct 9$11.680.450.5%1.52%1.97%1618
$774.00Oct 9$11.130.440.6%1.45%2.03%441
$775.00Oct 9$10.600.430.7%1.38%2.09%15420
$776.00Oct 9$10.080.420.8%1.31%2.15%2947
$777.00Oct 9$9.580.401.0%1.24%2.21%208
$778.00Oct 9$9.100.391.1%1.18%2.28%13928
$779.00Oct 9$8.630.381.2%1.12%2.35%2114

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 4,568,471
Total Puts 4,796,990
Put/Call Ratio 1.05
Net Difference -228,519

Prior's Put/Call Breakdown

Total Calls 3,529,341
Total Puts 3,570,739
Put/Call Ratio 1.01
Net Difference -41,398

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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