Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$768.40 -0.35%
8/28 14:55

Option Volume

Detail
Current (08/28 2:55pm) 10,420,013
Calls: 5,113,535 (49%)
Puts: 5,306,478 (51%)
Prior (08/27) 8,553,238
Calls: 4,194,020 (49%)
Puts: 4,359,218 (51%)
Current vs Prior +21.83%
Calls: +21.92% (Calls)
Puts: +21.73% (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 +15.87%
Calls: +22.16%
Puts: +10.39%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/28 2:55pm) $1.56B
Calls: $339.98M (22%)
Puts: $1.22B (78%)
Prior (08/27) $1.01B
Calls: $444.28M (44%)
Puts: $561.31M (56%)
Current vs Prior +54.95%
Calls: -23.48%
Puts: +117.02%
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 +49.99%
Calls: -27.90%
Puts: +114.72%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/28 2:55pm) 1.04
Prior (08/27) 1.04
Current vs Prior -0.16%
Prior 7-Day Average 1.15
Current vs Prior 7-Day Avg -9.82%
Sentiment BEARISH

Open Interest

Detail
Current (08/28 2:55pm) 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% | 0.60%0.25% | 0.60%0.25% | 1.21%2.31% | 3.79%
Prior 0.62% | 0.81%0.62% | 0.81%0.62% | 1.33%2.37% | 3.83%
Current vs Prior -59.01% | -26.06%-59.01% | -26.06%-59.01% | -9.02%-2.61% | -0.94%
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 -52.80% | -21.73%-34.69% | -26.07%-66.54% | -20.98%+47.96% | +5.78%
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 -59.01% | -26.06%-59.01% | -26.06%-59.01% | -9.02%-2.61% | -0.94%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.53% | 1.08%
Calls: 1.06% | 1.28%
Puts: 2.00% | 0.88%
Prior 1.68% | 1.40%
Calls: 0.52% | 1.10%
Puts: 2.83% | 1.69%
Current vs Prior -8.93% | -22.86%
Prior 7-Day Avg 1.37% | 1.15%
Calls: 1.40% | 1.03%
Puts: 1.34% | 1.26%
Current vs 7-Day Avg +11.45% | -5.85%
Liquidity Good
+
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🤖 AI Insights

Strong bearish conviction with 78% of dollar volume in puts ($1.22B) vs calls ($339.98M). Elevated premium activity with dollar volume up 55% vs prior. 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 BEARISH
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
14:55BEARISHNEUTRALBEARISH
14:50BEARISHNEUTRALBEARISH
14:45BEARISHNEUTRALBEARISH
14:40BEARISHNEUTRALBEARISH
14:35BEARISHNEUTRALBEARISH
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11:55BEARISHBEARISHBEARISH
11:50BULLISHBEARISHBEARISH
11:45BULLISHNEUTRALMIXED
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10:55BULLISHNEUTRALBULLISH
10:50BULLISHNEUTRALMIXED
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10:30BULLISHBEARISHBEARISH
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10:20BULLISHNEUTRALMIXED
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10:10BEARISHNEUTRALBEARISH
10:05BULLISHNEUTRALBULLISH
10:00BULLISHNEUTRALMIXED
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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 2,442 of results (avg 3.6%, best 0.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$615.00Aug 28153.39153.63$153.510.2%--1.0051
$680.00Aug 2888.3988.62$88.510.3%81.008
$701.00Aug 2867.3967.57$67.480.3%21.0053
$771.00Oct 210.4610.49$10.480.3%2340.46119
$700.00Aug 2868.3968.59$68.490.3%171.00266
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$885.00Aug 28116.40116.61$116.510.2%31.00--
$865.00Aug 2896.4396.61$96.520.2%21.00--
$860.00Aug 2891.4391.61$91.520.2%11.00--
$875.00Aug 28106.40106.61$106.510.2%101.00--
$890.00Aug 28121.33121.61$121.470.2%41.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 834 found (avg $0.36, cheapest $0.07)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$771.00Aug 280.060.07$0.0714.3%460.6K0.0811.4K
$770.00Aug 280.160.17$0.175.9%416.8K0.2019.6K
$769.00Aug 280.420.43$0.432.3%211.6K0.403.9K
$768.00Aug 280.930.94$0.941.1%71.2K0.6310.5K
$777.00Aug 310.050.06$0.0616.7%31.8K0.031.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$766.00Aug 280.100.11$0.119.1%201.8K0.096.4K
$767.00Aug 280.230.24$0.244.2%247.6K0.208.3K
$768.00Aug 280.510.52$0.521.9%407.9K0.3710.5K
$756.00Aug 310.100.11$0.119.1%1.3K0.045.8K
$755.00Aug 310.080.09$0.0911.1%4.1K0.0324.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,367 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$615.00Aug 28153.39153.63$153.510.2%--1.0051
$620.00Aug 28148.34148.84$148.590.3%--1.0018
$625.00Aug 28143.39143.83$143.610.3%61.004
$630.00Aug 28138.37138.82$138.600.3%51.0012
$635.00Aug 28133.37133.83$133.600.3%11.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$773.00Aug 284.504.62$4.562.6%236.9K1.002.0K
$774.00Aug 285.445.61$5.533.1%221.8K1.002.3K
$775.00Aug 286.416.61$6.513.1%138.7K1.001.8K
$776.00Aug 287.477.61$7.541.9%26.3K1.001.5K
$777.00Aug 288.438.61$8.522.1%9.3K1.00255

Most actively traded options today. High liquidity = easy entry/exit. 2,909 active (total vol 10.4M, top 626.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$772.00Aug 280.020.03$0.0333.3%535.3K0.0311.5K
$775.00Aug 280.010.02$0.0250.0%515.9K0.0114.0K
$773.00Aug 280.010.02$0.0250.0%501.0K0.024.5K
$771.00Aug 280.060.07$0.0714.3%460.6K0.0811.4K
$770.00Aug 280.160.17$0.175.9%416.8K0.2019.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$770.00Aug 281.711.74$1.731.7%626.8K0.8013.1K
$769.00Aug 280.991.01$1.002.0%481.2K0.605.9K
$768.00Aug 280.510.52$0.521.9%407.9K0.3710.5K
$771.00Aug 282.552.67$2.614.6%391.4K0.926.8K
$772.00Aug 283.453.64$3.555.4%323.9K0.963.1K

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 69.9%, max 81.5%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$767.00Aug 28Oct 219.7%10.9%81.5%17.3K7.0K
$768.00Aug 28Oct 918.5%10.9%69.3%71.3K10.6K
$770.00Aug 28Oct 917.8%10.7%66.5%416.8K19.6K
$769.00Aug 28Oct 917.7%10.8%63.8%211.7K3.9K
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$767.00Aug 28Oct 919.7%11.0%78.8%247.6K8.5K
$768.00Aug 28Oct 918.5%10.9%69.3%407.9K10.5K
$770.00Aug 28Oct 917.8%10.7%66.5%626.9K13.1K
$769.00Aug 28Oct 917.7%10.8%63.8%481.2K5.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 791 found (best R:R 2.03, avg 3.67)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$728.00$729.00Sep 18$0.31$0.69$0.3192%2.23$728.31
$748.00$749.00Sep 3$0.37$0.63$0.3794%1.70$748.37
$709.00$710.00Sep 4$0.45$0.55$0.4599%1.22$709.45
$736.00$737.00Sep 11$0.39$0.61$0.3992%1.56$736.39
$746.00$747.00Aug 31$0.48$0.52$0.48100%1.08$746.48
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$787.00$786.00Aug 31$0.33$0.67$0.3399%2.03$786.67
$778.00$777.00Sep 2$0.44$0.56$0.4491%1.27$777.56
$785.00$784.00Sep 11$0.43$0.57$0.4388%1.33$784.57
$779.00$778.00Sep 8$0.38$0.62$0.3882%1.63$778.62
$783.00$782.00Sep 18$0.36$0.64$0.3678%1.78$782.64

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 570 found (best R:R 1.44, avg 0.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$769.00$770.00Oct 9$0.59$0.59$0.4152%1.44$769.59
$769.00$770.00Sep 30$0.58$0.58$0.4253%1.38$769.58
$769.00$770.00Sep 18$0.58$0.58$0.4252%1.38$769.58
$769.00$770.00Sep 11$0.59$0.59$0.4151%1.44$769.59
$769.00$770.00Oct 2$0.58$0.58$0.4252%1.38$769.58
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$768.00$767.00Aug 28$0.28$0.28$0.7263%0.39$767.72
$767.00$766.00Aug 28$0.13$0.13$0.8780%0.15$766.87
$764.00$763.00Aug 31$0.16$0.16$0.8479%0.19$763.84
$763.00$762.00Aug 31$0.12$0.12$0.8883%0.14$762.88
$767.00$766.00Aug 31$0.32$0.32$0.6861%0.47$766.68

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.34, cheapest $1.40)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$768.00Aug 28Aug 31$1.4018.5%7.0%
$769.00Aug 28Aug 31$1.3517.7%7.6%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$768.00Aug 28Aug 31$1.3218.5%7.0%
$769.00Aug 28Aug 31$1.2817.7%7.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,108 found (cheapest 0.19% of stock, avg 3.90%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$768.00Aug 28$0.94$0.52$1.46$766.54$769.460.19%
$769.00Aug 28$0.43$1.00$1.43$767.57$770.430.19%
$767.00Aug 28$1.67$0.24$1.91$765.09$768.910.25%
$770.00Aug 28$0.17$1.73$1.90$768.10$771.900.25%
$766.00Aug 28$2.53$0.11$2.64$763.36$768.640.34%
$771.00Aug 28$0.07$2.61$2.68$768.32$773.680.35%
$765.00Aug 28$3.47$0.05$3.52$761.48$768.520.46%
$772.00Aug 28$0.03$3.55$3.58$768.42$775.580.47%
$769.00Aug 31$1.78$2.28$4.06$764.94$773.060.53%
$768.00Aug 31$2.34$1.84$4.18$763.82$772.180.54%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 359 found (cheapest 0.02% of stock, avg 1.40%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$771.00$766.00Aug 28$0.07$0.11$0.18$765.82$771.18
$770.00$766.00Aug 28$0.17$0.11$0.28$765.72$770.28
$771.00$767.00Aug 28$0.07$0.24$0.31$766.69$771.31
$770.00$767.00Aug 28$0.17$0.24$0.41$766.59$770.41
$769.00$766.00Aug 28$0.43$0.11$0.54$765.46$769.54
$770.00$768.00Aug 28$0.17$0.52$0.69$767.31$770.69
$771.00$768.00Aug 28$0.07$0.52$0.59$767.41$771.59
$769.00$767.00Aug 28$0.43$0.24$0.67$766.33$769.67
$769.00$768.00Aug 28$0.43$0.52$0.95$767.05$769.95
$773.00$764.00Aug 31$0.41$0.72$1.13$762.87$774.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 411 found (best R:R 1.08, avg credit $0.46)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
736/737777/778Sep 25$0.52$0.4849%1.08$736.48$777.52
741/742777/778Sep 18$0.50$0.5050%1.00$741.50$777.50
736/737778/779Sep 25$0.50$0.5050%1.00$736.50$778.50
755/756774/775Sep 4$0.47$0.5353%0.89$755.53$774.47
740/741777/778Sep 25$0.54$0.4646%1.17$740.46$777.54
737/738777/778Sep 25$0.52$0.4848%1.08$737.48$777.52
743/744777/778Sep 18$0.51$0.4949%1.04$743.49$777.51
751/752775/776Sep 9$0.46$0.5454%0.85$751.54$775.46
752/753775/776Sep 9$0.47$0.5353%0.89$752.53$775.47
739/740777/778Sep 25$0.53$0.4747%1.13$739.47$777.53

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 392 found (best R:R 4.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$766.00$767.00$768.00Aug 28$0.13$0.8728%6.69
$770.00$771.00$772.00Aug 28$0.06$0.9416%15.67
$767.00$768.00$769.00Aug 28$0.22$0.7840%3.55
$769.00$770.00$771.00Aug 28$0.16$0.8432%5.25
$767.00$768.00$769.00Aug 31$0.06$0.9415%15.67
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$767.00$768.00$769.00Aug 28$0.20$0.8040%4.00
$769.00$770.00$771.00Aug 28$0.15$0.8532%5.67
$766.00$767.00$768.00Aug 31$0.05$0.9514%19.00
$770.00$771.00$772.00Aug 28$0.06$0.9416%15.67
$768.00$769.00$770.00Aug 28$0.25$0.7543%3.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,157 found (best net $-16.93, 1,150 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$695.001:2Oct 2-$16.93$43.07
$767.00$768.001:2Aug 28-$0.21$0.79
$766.00$767.001:2Aug 28-$0.81$0.19
$805.00$825.001:2Sep 10-$0.01$19.99
$801.00$830.001:2Sep 9-$0.01$28.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$825.00$800.001:2Sep 4-$6.40$18.60
$854.00$825.001:2Sep 4-$27.38$1.62
$770.00$769.001:2Aug 28-$0.27$0.73
$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. 328 found (best yield 1.74%, avg 0.40%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$769.00Oct 9$13.350.480.1%1.74%1.82%3123
$770.00Oct 9$12.760.470.2%1.66%1.87%3734
$771.00Oct 9$12.180.460.3%1.59%1.92%713
$772.00Oct 9$11.620.450.5%1.51%1.98%5712
$773.00Oct 9$11.070.440.6%1.44%2.04%1718
$774.00Oct 9$10.540.430.7%1.37%2.10%441
$775.00Oct 9$10.020.420.9%1.30%2.16%15820
$776.00Oct 9$9.520.401.0%1.24%2.23%3247
$777.00Oct 9$9.030.391.1%1.18%2.29%208
$778.00Oct 9$8.560.381.2%1.11%2.36%14028

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 5,113,535
Total Puts 5,306,478
Put/Call Ratio 1.04
Net Difference -192,943

Prior's Put/Call Breakdown

Total Calls 4,194,020
Total Puts 4,359,218
Put/Call Ratio 1.04
Net Difference -165,198

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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