Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$768.76 -0.30%
8/28 15:00

Option Volume

Detail
Current (08/28 3:00pm) 10,493,561
Calls: 5,148,056 (49%)
Puts: 5,345,505 (51%)
Prior (08/27) 8,667,411
Calls: 4,261,335 (49%)
Puts: 4,406,076 (51%)
Current vs Prior +21.07%
Calls: +20.81% (Calls)
Puts: +21.32% (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 +16.68%
Calls: +22.98%
Puts: +11.20%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/28 3:00pm) $1.48B
Calls: $352.85M (24%)
Puts: $1.13B (76%)
Prior (08/27) $980.94M
Calls: $465.14M (47%)
Puts: $515.80M (53%)
Current vs Prior +51.08%
Calls: -24.14%
Puts: +118.92%
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 +42.66%
Calls: -25.17%
Puts: +99.04%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/28 3:00pm) 1.04
Prior (08/27) 1.03
Current vs Prior +0.42%
Prior 7-Day Average 1.15
Current vs Prior 7-Day Avg -9.76%
Sentiment BEARISH

Open Interest

Detail
Current (08/28 3:00pm) 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 0.24% | 0.59%0.24% | 0.59%0.24% | 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 -60.93% | -27.05%-60.94% | -27.04%-60.94% | -9.56%-2.66% | -0.95%
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 -55.01% | -22.78%-37.77% | -27.05%-68.12% | -21.45%+47.89% | +5.77%
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 -60.93% | -27.05%-60.94% | -27.04%-60.94% | -9.56%-2.66% | -0.95%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.12% | 1.08%
Calls: 0.91% | 1.20%
Puts: 1.33% | 0.97%
Prior 1.68% | 1.40%
Calls: 0.52% | 1.10%
Puts: 2.83% | 1.69%
Current vs Prior -33.33% | -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 -18.42% | -5.85%
Liquidity Good
+
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🤖 AI Insights

Strong bearish conviction with 76% of dollar volume in puts ($1.13B) vs calls ($352.85M). Elevated premium activity with dollar volume up 51% 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
15:00BEARISHNEUTRALBEARISH
14:55BEARISHNEUTRALBEARISH
14:50BEARISHNEUTRALBEARISH
14:45BEARISHNEUTRALBEARISH
14:40BEARISHNEUTRALBEARISH
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12:00BEARISHBEARISHBEARISH
11:55BEARISHBEARISHBEARISH
11:50BULLISHBEARISHBEARISH
11:45BULLISHNEUTRALMIXED
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11:00BULLISHNEUTRALBULLISH
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
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 2,408 of results (avg 3.6%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$620.00Aug 28148.62148.89$148.760.2%--1.0018
$630.00Aug 28138.62138.89$138.760.2%51.0012
$625.00Aug 28143.62143.91$143.760.2%61.004
$635.00Aug 28133.62133.91$133.760.2%11.002
$675.00Aug 2893.6293.83$93.730.2%11.0011
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$766.00Sep 187.227.23$7.230.1%7900.462.5K
$885.00Aug 28116.20116.38$116.290.2%31.00--
$890.00Aug 28121.18121.38$121.280.2%41.00--
$875.00Aug 28106.19106.38$106.290.2%101.00--
$750.00Sep 305.225.23$5.230.2%5.5K0.286.2K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 822 found (avg $0.35, cheapest $0.07)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$771.00Aug 280.060.07$0.0714.3%463.9K0.0911.4K
$770.00Aug 280.170.18$0.185.6%420.0K0.2119.6K
$769.00Aug 280.500.51$0.512.0%221.5K0.453.9K
$777.00Aug 310.050.06$0.0616.7%31.9K0.031.7K
$776.00Aug 310.090.10$0.1010.0%30.2K0.053.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$766.00Aug 280.060.07$0.0714.3%203.4K0.076.4K
$767.00Aug 280.140.15$0.156.7%251.5K0.168.3K
$768.00Aug 280.330.34$0.342.9%419.3K0.3110.5K
$769.00Aug 280.740.75$0.751.3%486.9K0.565.9K
$757.00Aug 310.110.12$0.128.3%2.2K0.047.0K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,363 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$620.00Aug 28148.62148.89$148.760.2%--1.0018
$625.00Aug 28143.62143.91$143.760.2%61.004
$630.00Aug 28138.62138.89$138.760.2%51.0012
$635.00Aug 28133.62133.91$133.760.2%11.002
$645.00Aug 28123.62123.92$123.770.2%11.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$773.00Aug 284.224.39$4.313.9%236.9K1.002.0K
$774.00Aug 285.215.38$5.303.2%221.8K1.002.3K
$775.00Aug 286.216.38$6.302.7%138.7K1.001.8K
$776.00Aug 287.217.38$7.302.3%26.3K1.001.5K
$777.00Aug 288.198.38$8.292.3%9.3K1.00255

Most actively traded options today. High liquidity = easy entry/exit. 2,903 active (total vol 10.5M, top 628.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$772.00Aug 280.020.03$0.0333.3%537.6K0.0411.5K
$775.00Aug 280.010.02$0.0250.0%516.4K0.0114.0K
$773.00Aug 280.010.02$0.0250.0%501.5K0.024.5K
$771.00Aug 280.060.07$0.0714.3%463.9K0.0911.4K
$770.00Aug 280.170.18$0.185.6%420.0K0.2119.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$770.00Aug 281.411.44$1.422.1%628.6K0.8013.1K
$769.00Aug 280.740.75$0.751.3%486.9K0.565.9K
$768.00Aug 280.330.34$0.342.9%419.3K0.3110.5K
$771.00Aug 282.272.34$2.303.0%392.1K0.926.8K
$772.00Aug 283.213.40$3.315.7%324.1K0.973.1K

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 61.9%, max 79.2%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$767.00Aug 28Oct 219.5%10.9%79.2%18.2K7.0K
$768.00Aug 28Oct 918.1%10.9%65.2%75.4K10.6K
$769.00Aug 28Oct 916.5%10.8%52.7%221.6K3.9K
$770.00Aug 28Oct 916.3%10.7%51.8%420.1K19.6K
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$767.00Aug 28Oct 919.5%11.1%76.5%251.5K8.5K
$768.00Aug 28Oct 918.1%10.9%65.2%419.3K10.5K
$769.00Aug 28Oct 916.5%10.8%52.7%486.9K5.9K
$770.00Aug 28Oct 916.3%10.7%51.9%628.7K13.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 766 found (best R:R 3.55, avg 3.72)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$728.00$729.00Sep 18$0.22$0.78$0.2292%3.55$728.22
$748.00$749.00Sep 3$0.37$0.63$0.3795%1.70$748.37
$736.00$737.00Sep 11$0.41$0.59$0.4193%1.44$736.41
$744.00$745.00Sep 11$0.37$0.63$0.3789%1.70$744.37
$725.00$726.00Sep 4$0.52$0.48$0.5299%0.92$725.52
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$781.00$780.00Sep 3$0.43$0.57$0.4394%1.33$780.57
$778.00$777.00Sep 2$0.51$0.49$0.5191%0.96$777.49
$785.00$784.00Sep 2$0.64$0.36$0.6499%0.56$784.36
$783.00$782.00Sep 18$0.42$0.58$0.4277%1.38$782.58
$779.00$778.00Sep 8$0.47$0.53$0.4782%1.13$778.53

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 564 found (best R:R 1.44, avg 0.41)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$769.00$770.00Sep 18$0.59$0.59$0.4152%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
$770.00$771.00Sep 25$0.57$0.57$0.4354%1.33$770.57
$769.00$770.00Sep 25$0.58$0.58$0.4253%1.38$769.58
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$768.00$767.00Aug 28$0.19$0.19$0.8169%0.23$767.81
$763.00$762.00Aug 31$0.11$0.11$0.8984%0.12$762.89
$764.00$763.00Aug 31$0.14$0.14$0.8680%0.16$763.86
$765.00$764.00Aug 31$0.18$0.18$0.8275%0.22$764.82
$762.00$761.00Sep 1$0.13$0.13$0.8781%0.15$761.87

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.35, cheapest $1.39)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$768.00Aug 28Aug 31$1.3918.1%6.9%
$769.00Aug 28Aug 31$1.4016.5%7.5%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$768.00Aug 28Aug 31$1.3118.1%7.0%
$769.00Aug 28Aug 31$1.3216.5%7.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,108 found (cheapest 0.16% of stock, avg 3.90%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$769.00Aug 28$0.51$0.75$1.26$767.74$770.260.16%
$768.00Aug 28$1.10$0.34$1.44$766.56$769.440.19%
$770.00Aug 28$0.18$1.42$1.60$768.40$771.600.21%
$767.00Aug 28$1.90$0.15$2.05$764.95$769.050.27%
$771.00Aug 28$0.07$2.30$2.37$768.63$773.370.31%
$766.00Aug 28$2.82$0.07$2.89$763.11$768.890.38%
$772.00Aug 28$0.03$3.31$3.34$768.66$775.340.43%
$765.00Aug 28$3.74$0.04$3.78$761.22$768.780.49%
$769.00Aug 31$1.91$2.07$3.98$765.02$772.980.52%
$770.00Aug 31$1.41$2.57$3.98$766.02$773.980.52%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 359 found (cheapest 0.02% of stock, avg 1.39%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$771.00$766.00Aug 28$0.07$0.07$0.14$765.86$771.14
$771.00$767.00Aug 28$0.07$0.15$0.22$766.78$771.22
$770.00$766.00Aug 28$0.18$0.07$0.25$765.75$770.25
$770.00$767.00Aug 28$0.18$0.15$0.33$766.67$770.33
$771.00$768.00Aug 28$0.07$0.34$0.41$767.59$771.41
$770.00$768.00Aug 28$0.18$0.34$0.52$767.48$770.52
$769.00$768.00Aug 28$0.51$0.34$0.85$767.15$769.85
$769.00$767.00Aug 28$0.51$0.15$0.66$766.34$769.66
$769.00$766.00Aug 28$0.51$0.07$0.58$765.42$769.58
$773.00$764.00Aug 31$0.45$0.62$1.07$762.93$774.07

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 387 found (best R:R 1.08, avg credit $0.45)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
743/744777/778Sep 18$0.52$0.4849%1.08$743.48$777.52
751/752775/776Sep 10$0.50$0.5051%1.00$751.50$775.50
752/753774/775Sep 9$0.51$0.4950%1.04$752.49$774.51
751/752776/777Sep 10$0.47$0.5353%0.89$751.53$776.47
742/743777/778Sep 18$0.51$0.4949%1.04$742.49$777.51
737/738778/779Sep 25$0.51$0.4949%1.04$737.49$778.51
746/747777/778Sep 18$0.54$0.4646%1.17$746.46$777.54
753/754774/775Sep 9$0.52$0.4848%1.08$753.48$774.52
739/740778/779Sep 25$0.52$0.4848%1.08$739.48$778.52
753/754775/776Sep 8$0.46$0.5454%0.85$753.54$775.46

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 380 found (best R:R 2.85, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$768.00$769.00$770.00Aug 28$0.26$0.7448%2.85
$767.00$768.00$769.00Aug 28$0.21$0.7940%3.76
$770.00$771.00$772.00Aug 28$0.07$0.9317%13.29
$766.00$767.00$768.00Aug 28$0.12$0.8824%7.33
$767.00$768.00$769.00Aug 31$0.07$0.9316%13.29
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$768.00$769.00$770.00Aug 28$0.26$0.7448%2.85
$766.00$767.00$768.00Aug 28$0.11$0.8924%8.09
$767.00$768.00$769.00Aug 28$0.22$0.7840%3.55
$769.00$770.00$771.00Aug 28$0.21$0.7937%3.76
$768.00$769.00$770.00Aug 31$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. 1,145 found (best net $-16.93, 1,137 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$695.001:2Oct 2-$16.93$43.07
$767.00$768.001:2Aug 28-$0.30$0.70
$805.00$825.001:2Sep 10-$0.01$19.99
$801.00$830.001:2Sep 9-$0.01$28.99
$830.00$875.001:2Sep 8$0.00$45.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$825.00$800.001:2Sep 4-$6.28$18.72
$854.00$825.001:2Sep 4-$27.18$1.82
$770.00$769.001:2Aug 28-$0.08$0.92
$771.00$770.001:2Aug 28-$0.54$0.46
$665.00$620.001:2Sep 10-$0.01$44.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 332 found (best yield 1.76%, avg 0.41%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$769.00Oct 9$13.520.480.0%1.76%1.79%3123
$770.00Oct 9$12.920.470.2%1.68%1.84%3734
$771.00Oct 9$12.340.470.3%1.61%1.90%713
$772.00Oct 9$11.780.460.4%1.53%1.95%5712
$773.00Oct 9$11.230.440.6%1.46%2.01%1718
$774.00Oct 9$10.690.430.7%1.39%2.07%441
$775.00Oct 9$10.170.420.8%1.32%2.13%15820
$776.00Oct 9$9.660.410.9%1.26%2.20%3247
$777.00Oct 9$9.170.391.1%1.19%2.26%208
$778.00Oct 9$8.700.381.2%1.13%2.33%14228

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 5,148,056
Total Puts 5,345,505
Put/Call Ratio 1.04
Net Difference -197,449

Prior's Put/Call Breakdown

Total Calls 4,261,335
Total Puts 4,406,076
Put/Call Ratio 1.03
Net Difference -144,741

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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