Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$769.18 -0.25%
8/28 14:40

Option Volume

Detail
Current (08/28 2:40pm) 10,096,443
Calls: 4,944,219 (49%)
Puts: 5,152,224 (51%)
Prior (08/27) 8,253,239
Calls: 4,032,879 (49%)
Puts: 4,220,360 (51%)
Current vs Prior +22.33%
Calls: +22.60% (Calls)
Puts: +22.08% (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 +12.27%
Calls: +18.11%
Puts: +7.18%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/28 2:40pm) $1.37B
Calls: $368.37M (27%)
Puts: $1.00B (73%)
Prior (08/27) $950.65M
Calls: $502.13M (53%)
Puts: $448.53M (47%)
Current vs Prior +43.99%
Calls: -26.64%
Puts: +123.06%
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 +31.77%
Calls: -21.88%
Puts: +76.36%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/28 2:40pm) 1.04
Prior (08/27) 1.05
Current vs Prior -0.42%
Prior 7-Day Average 1.15
Current vs Prior 7-Day Avg -9.44%
Sentiment BEARISH

Open Interest

Detail
Current (08/28 2:40pm) 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 0.25% | 0.58%0.25% | 0.58%0.25% | 1.18%2.28% | 3.77%
Prior 0.62% | 0.81%0.62% | 0.81%0.62% | 1.33%2.37% | 3.83%
Current vs Prior -60.11% | -28.69%-60.11% | -28.69%-60.11% | -11.16%-3.64% | -1.48%
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 -54.06% | -24.52%-36.45% | -28.70%-67.44% | -22.84%+46.39% | +5.20%
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 -60.11% | -28.69%-60.11% | -28.69%-60.11% | -11.16%-3.64% | -1.48%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.10% | 1.09%
Calls: 1.32% | 0.47%
Puts: 0.88% | 1.71%
Prior 1.68% | 1.40%
Calls: 0.52% | 1.10%
Puts: 2.83% | 1.69%
Current vs Prior -34.52% | -22.14%
Prior 7-Day Avg 1.37% | 1.15%
Calls: 1.40% | 1.03%
Puts: 1.34% | 1.26%
Current vs 7-Day Avg -19.88% | -4.98%
Liquidity Good
+
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🤖 AI Insights

Moderately bearish flow with 73% put dollar volume ($1.00B). Slightly bearish P/C ratio of 1.04. 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
14:40BEARISHNEUTRALBEARISH
14:35BEARISHNEUTRALBEARISH
14:30BEARISHNEUTRALBEARISH
14:25BEARISHNEUTRALBEARISH
14:20BEARISHNEUTRALBEARISH
14:15BEARISHNEUTRALBEARISH
14:10BEARISHNEUTRALBEARISH
14:00BEARISHNEUTRALBEARISH
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12:00BEARISHBEARISHBEARISH
11:55BEARISHBEARISHBEARISH
11:50BULLISHBEARISHBEARISH
11:45BULLISHNEUTRALMIXED
11:40BULLISHNEUTRALMIXED
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11:05BULLISHNEUTRALBULLISH
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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 2,297 of results (avg 3.4%, best 0.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$625.00Aug 28144.06144.35$144.200.2%61.004
$670.00Aug 2899.0599.31$99.180.3%21.007
$697.00Aug 2872.0872.27$72.180.3%41.0081
$630.00Aug 28139.05139.43$139.240.3%51.0012
$620.00Aug 28148.85149.26$149.060.3%--1.0018
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$875.00Aug 28105.75105.95$105.850.2%101.00--
$890.00Aug 28120.69120.96$120.820.2%41.00--
$769.00Sep 188.198.21$8.200.2%1.2K0.513.6K
$860.00Aug 2890.7390.96$90.850.3%11.00--
$865.00Aug 2895.7195.96$95.840.3%21.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 826 found (avg $0.35, cheapest $0.12)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$771.00Aug 280.110.12$0.128.3%433.6K0.1411.4K
$772.00Aug 280.050.06$0.0616.7%525.1K0.0711.5K
$770.00Aug 280.310.32$0.323.1%380.8K0.3019.6K
$769.00Aug 280.750.76$0.761.3%185.1K0.533.9K
$777.00Aug 310.070.08$0.0812.5%31.4K0.041.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$767.00Aug 280.110.12$0.128.3%232.8K0.128.3K
$768.00Aug 280.250.26$0.263.8%372.6K0.2610.5K
$769.00Aug 280.570.58$0.571.8%446.2K0.475.9K
$757.00Aug 310.090.10$0.1010.0%2.0K0.047.0K
$759.00Aug 310.150.16$0.166.3%6.0K0.062.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,360 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$620.00Aug 28148.85149.26$149.060.3%--1.0018
$625.00Aug 28144.06144.35$144.200.2%61.004
$630.00Aug 28139.05139.43$139.240.3%51.0012
$635.00Aug 28134.05134.46$134.260.3%11.002
$645.00Aug 28124.05124.45$124.250.3%11.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$788.00Sep 417.6020.48$19.0415.1%41.00--
$795.00Sep 424.0827.00$25.5411.4%91.00--
$799.00Sep 428.0831.48$29.7811.4%11.00--
$800.00Sep 429.0832.48$30.7811.0%51.0041
$825.00Sep 454.0857.48$55.786.1%11.00--

Most actively traded options today. High liquidity = easy entry/exit. 2,889 active (total vol 10.1M, top 617.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$772.00Aug 280.050.06$0.0616.7%525.1K0.0711.5K
$775.00Aug 280.010.02$0.0250.0%513.8K0.0114.0K
$773.00Aug 280.030.04$0.0425.0%491.4K0.044.5K
$771.00Aug 280.110.12$0.128.3%433.6K0.1411.4K
$774.00Aug 280.020.03$0.0333.3%412.3K0.037.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$770.00Aug 281.131.14$1.130.9%617.2K0.7013.1K
$769.00Aug 280.570.58$0.571.8%446.2K0.475.9K
$771.00Aug 281.921.95$1.941.5%388.3K0.866.8K
$768.00Aug 280.250.26$0.263.8%372.6K0.2610.5K
$772.00Aug 282.842.92$2.882.8%323.3K0.933.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 50.8%, max 55.4%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$768.00Aug 28Oct 917.0%10.9%55.4%57.6K10.6K
$770.00Aug 28Oct 916.0%10.7%49.1%380.8K19.6K
$769.00Aug 28Oct 916.0%10.8%47.9%185.1K3.9K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$768.00Aug 28Oct 917.0%10.9%55.4%372.7K10.5K
$770.00Aug 28Oct 916.0%10.7%49.1%617.4K13.1K
$769.00Aug 28Oct 916.0%10.8%47.9%446.2K5.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 759 found (best R:R 2.03, avg 3.71)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$720.00$721.00Sep 4$0.33$0.67$0.3399%2.03$720.33
$725.00$726.00Sep 4$0.36$0.64$0.3699%1.78$725.36
$728.00$729.00Sep 18$0.30$0.70$0.3093%2.33$728.30
$735.00$736.00Aug 31$0.40$0.60$0.40100%1.50$735.40
$724.00$725.00Sep 18$0.41$0.59$0.4194%1.44$724.41
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$785.00$784.00Sep 11$0.28$0.72$0.2887%2.57$784.72
$786.00$785.00Aug 31$0.42$0.58$0.4299%1.38$785.58
$783.00$782.00Aug 31$0.46$0.54$0.4699%1.17$782.54
$780.00$779.00Sep 1$0.50$0.50$0.5097%1.00$779.50
$781.00$780.00Aug 31$0.61$0.39$0.6199%0.64$780.39

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 560 found (best R:R 1.44, avg 0.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$770.00$771.00Oct 9$0.59$0.59$0.4153%1.44$770.59
$770.00$771.00Sep 18$0.58$0.58$0.4253%1.38$770.58
$770.00$771.00Oct 2$0.58$0.58$0.4253%1.38$770.58
$770.00$771.00Sep 30$0.58$0.58$0.4253%1.38$770.58
$772.00$773.00Sep 18$0.54$0.54$0.4656%1.17$772.54
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$768.00$767.00Aug 28$0.14$0.14$0.8674%0.16$767.86
$769.00$768.00Aug 28$0.31$0.31$0.6953%0.45$768.69
$764.00$763.00Aug 31$0.13$0.13$0.8782%0.15$763.87
$762.00$761.00Sep 1$0.12$0.12$0.8883%0.14$761.88
$765.00$764.00Aug 31$0.16$0.16$0.8477%0.19$764.84

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.29, cheapest $1.36)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Aug 28Aug 31$1.3616.0%6.7%
$770.00Aug 28Aug 31$1.2716.0%7.3%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Aug 28Aug 31$1.3016.0%6.7%
$770.00Aug 28Aug 31$1.2116.0%7.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,099 found (cheapest 0.17% of stock, avg 3.89%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$769.00Aug 28$0.76$0.57$1.33$767.67$770.330.17%
$770.00Aug 28$0.32$1.13$1.45$768.55$771.450.19%
$768.00Aug 28$1.44$0.26$1.70$766.30$769.700.22%
$771.00Aug 28$0.12$1.94$2.06$768.94$773.060.27%
$767.00Aug 28$2.29$0.12$2.41$764.59$769.410.31%
$772.00Aug 28$0.06$2.88$2.94$769.06$774.940.38%
$766.00Aug 28$3.23$0.05$3.28$762.72$769.280.43%
$773.00Aug 28$0.04$3.83$3.87$769.13$776.870.50%
$770.00Aug 31$1.59$2.34$3.93$766.07$773.930.51%
$769.00Aug 31$2.12$1.87$3.99$765.01$772.990.52%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 362 found (cheapest 0.01% of stock, avg 1.35%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$772.00$766.00Aug 28$0.06$0.05$0.11$765.89$772.11
$772.00$767.00Aug 28$0.06$0.12$0.18$766.82$772.18
$771.00$766.00Aug 28$0.12$0.05$0.17$765.83$771.17
$771.00$767.00Aug 28$0.12$0.12$0.24$766.76$771.24
$772.00$768.00Aug 28$0.06$0.26$0.32$767.68$772.32
$771.00$768.00Aug 28$0.12$0.26$0.38$767.62$771.38
$770.00$766.00Aug 28$0.32$0.05$0.37$765.63$770.37
$770.00$767.00Aug 28$0.32$0.12$0.44$766.56$770.44
$770.00$768.00Aug 28$0.32$0.26$0.58$767.42$770.58
$774.00$764.00Aug 31$0.33$0.55$0.88$763.12$774.88

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 441 found (best R:R 1.08, avg credit $0.46)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
742/743777/778Sep 18$0.52$0.4849%1.08$742.48$777.52
745/746777/778Sep 18$0.54$0.4647%1.17$745.46$777.54
750/751776/777Sep 11$0.50$0.5051%1.00$750.50$776.50
744/745777/778Sep 18$0.53$0.4748%1.13$744.47$777.53
743/744777/778Sep 18$0.52$0.4848%1.08$743.48$777.52
750/751775/776Sep 10$0.49$0.5151%0.96$750.51$775.49
734/735779/780Sep 30$0.51$0.4949%1.04$734.49$779.51
749/750777/778Sep 18$0.57$0.4343%1.33$749.43$777.57
736/737779/780Sep 30$0.52$0.4848%1.08$736.48$779.52
754/755774/775Sep 8$0.51$0.4949%1.04$754.49$774.51

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 307 found (best R:R 13.29, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$768.00$769.00$770.00Aug 28$0.24$0.7644%3.17
$767.00$768.00$769.00Aug 28$0.17$0.8334%4.88
$766.00$767.00$768.00Aug 28$0.09$0.9120%10.11
$765.00$766.00$767.00Aug 31$0.05$0.9512%19.00
$767.00$768.00$769.00Aug 31$0.07$0.9316%13.29
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$766.00$767.00$768.00Aug 28$0.07$0.9320%13.29
$767.00$768.00$769.00Aug 28$0.17$0.8334%4.88
$768.00$769.00$770.00Aug 28$0.25$0.7544%3.00
$766.00$767.00$768.00Aug 31$0.05$0.9514%19.00
$710.00$715.00$720.00Oct 9$0.05$4.953%99.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,151 found (best net $-17.37, 1,144 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$695.001:2Oct 2-$17.37$42.63
$768.00$769.001:2Aug 28-$0.08$0.92
$767.00$768.001:2Aug 28-$0.59$0.41
$771.00$772.001:2Aug 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-$5.78$19.22
$854.00$825.001:2Sep 4-$26.78$2.22
$771.00$770.001:2Aug 28-$0.32$0.68
$665.00$620.001:2Sep 10-$0.01$44.99
$675.00$650.001:2Sep 9-$0.04$24.96

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 319 found (best yield 1.71%, avg 0.40%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$770.00Oct 9$13.150.470.1%1.71%1.82%3634
$771.00Oct 9$12.570.470.2%1.63%1.87%713
$772.00Oct 9$12.000.460.4%1.56%1.93%5712
$773.00Oct 9$11.440.450.5%1.49%1.98%1718
$774.00Oct 9$10.900.430.6%1.42%2.04%441
$775.00Oct 9$10.370.420.8%1.35%2.10%15820
$776.00Oct 9$9.860.410.9%1.28%2.17%3247
$777.00Oct 9$9.360.401.0%1.22%2.23%208
$778.00Oct 9$8.880.391.1%1.15%2.30%14028
$779.00Oct 9$8.420.371.3%1.09%2.37%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 4,944,219
Total Puts 5,152,224
Put/Call Ratio 1.04
Net Difference -208,005

Prior's Put/Call Breakdown

Total Calls 4,032,879
Total Puts 4,220,360
Put/Call Ratio 1.05
Net Difference -187,481

Prior 7-Day Put/Call Summary

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