Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$768.82 -0.30%
8/28 15:05

Option Volume

Detail
Current (08/28 3:05pm) 10,588,499
Calls: 5,196,518 (49%)
Puts: 5,391,981 (51%)
Prior (08/27) 8,790,467
Calls: 4,337,533 (49%)
Puts: 4,452,934 (51%)
Current vs Prior +20.45%
Calls: +19.80% (Calls)
Puts: +21.09% (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 +17.74%
Calls: +24.14%
Puts: +12.17%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/28 3:05pm) $1.46B
Calls: $356.63M (24%)
Puts: $1.10B (76%)
Prior (08/27) $967.51M
Calls: $534.04M (55%)
Puts: $433.47M (45%)
Current vs Prior +50.93%
Calls: -33.22%
Puts: +154.60%
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 +40.57%
Calls: -24.37%
Puts: +94.53%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/28 3:05pm) 1.04
Prior (08/27) 1.03
Current vs Prior +1.07%
Prior 7-Day Average 1.15
Current vs Prior 7-Day Avg -9.83%
Sentiment BEARISH

Open Interest

Detail
Current (08/28 3:05pm) 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 0.23% | 0.59%0.23% | 0.59%0.23% | 1.20%2.30% | 3.78%
Prior 0.62% | 0.81%0.62% | 0.81%0.62% | 1.33%2.37% | 3.83%
Current vs Prior -61.99% | -27.86%-62.00% | -27.86%-62.00% | -10.05%-2.89% | -1.10%
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 -56.23% | -23.64%-39.45% | -27.87%-68.98% | -21.88%+47.54% | +5.62%
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 -61.99% | -27.86%-62.00% | -27.86%-62.00% | -10.05%-2.89% | -1.10%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 2.08% | 0.65%
Calls: 2.68% | 0.80%
Puts: 1.47% | 0.50%
Prior 1.68% | 1.40%
Calls: 0.52% | 1.10%
Puts: 2.83% | 1.69%
Current vs Prior +23.81% | -53.57%
Prior 7-Day Avg 1.37% | 1.15%
Calls: 1.40% | 1.03%
Puts: 1.34% | 1.26%
Current vs 7-Day Avg +51.51% | -43.34%
Liquidity Excellent
+
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🤖 AI Insights

Strong bearish conviction with 76% of dollar volume in puts ($1.10B) vs calls ($356.63M). 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 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
15:05BEARISHNEUTRALBEARISH
15:00BEARISHNEUTRALBEARISH
14:55BEARISHNEUTRALBEARISH
14:50BEARISHNEUTRALBEARISH
14:45BEARISHNEUTRALBEARISH
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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
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 2,407 of results (avg 3.6%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$630.00Aug 28138.71138.92$138.820.2%51.0012
$620.00Aug 28148.69148.92$148.810.2%--1.0018
$645.00Aug 28123.71123.92$123.820.2%11.002
$635.00Aug 28133.68133.92$133.800.2%11.002
$670.00Aug 2898.7198.90$98.810.2%21.007
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$890.00Aug 28121.12121.29$121.210.1%41.00--
$865.00Aug 2896.1296.29$96.210.2%21.00--
$855.00Aug 2886.1386.29$86.210.2%11.00--
$860.00Aug 2891.1291.29$91.210.2%11.00--
$885.00Aug 28116.07116.29$116.180.2%31.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 818 found (avg $0.35, cheapest $0.11)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$771.00Aug 280.060.07$0.0714.3%470.8K0.0911.4K
$770.00Aug 280.170.18$0.185.6%426.9K0.2119.6K
$769.00Aug 280.500.51$0.512.0%233.1K0.453.9K
$777.00Aug 310.050.06$0.0616.7%32.1K0.031.7K
$776.00Aug 310.090.10$0.1010.0%30.5K0.053.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$767.00Aug 280.100.11$0.119.1%257.9K0.148.3K
$768.00Aug 280.280.29$0.293.4%430.4K0.3010.5K
$769.00Aug 280.670.68$0.681.5%495.9K0.555.9K
$758.00Aug 310.120.13$0.137.7%2.9K0.053.2K
$759.00Aug 310.160.17$0.175.9%6.8K0.062.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,363 found (avg delta 0.89, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$620.00Aug 28148.69148.92$148.810.2%--1.0018
$625.00Aug 28143.71144.19$143.950.3%61.004
$630.00Aug 28138.71138.92$138.820.2%51.0012
$635.00Aug 28133.68133.92$133.800.2%11.002
$645.00Aug 28123.71123.92$123.820.2%11.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$773.00Aug 284.154.31$4.233.8%237.0K1.002.0K
$774.00Aug 285.155.30$5.232.9%221.8K1.002.3K
$775.00Aug 286.136.30$6.222.7%138.8K1.001.8K
$776.00Aug 287.097.30$7.202.9%26.3K1.001.5K
$777.00Aug 288.098.30$8.202.6%9.3K1.00255

Most actively traded options today. High liquidity = easy entry/exit. 2,910 active (total vol 10.6M, top 631.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$772.00Aug 280.020.03$0.0333.3%539.6K0.0411.5K
$775.00Aug 280.010.02$0.0250.0%517.7K0.0114.0K
$773.00Aug 280.010.02$0.0250.0%502.2K0.024.5K
$771.00Aug 280.060.07$0.0714.3%470.8K0.0911.4K
$770.00Aug 280.170.18$0.185.6%426.9K0.2119.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$770.00Aug 281.331.36$1.352.2%631.1K0.7913.1K
$769.00Aug 280.670.68$0.681.5%495.9K0.555.9K
$768.00Aug 280.280.29$0.293.4%430.4K0.3010.5K
$771.00Aug 282.212.24$2.231.3%393.0K0.916.8K
$772.00Aug 283.143.32$3.235.6%324.2K0.963.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 55.4%, max 56.7%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$768.00Aug 28Oct 917.1%10.9%56.7%80.6K10.6K
$770.00Aug 28Oct 916.6%10.7%55.9%426.9K19.6K
$769.00Aug 28Oct 916.6%10.8%53.7%233.1K3.9K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$768.00Aug 28Oct 917.1%10.9%56.7%430.4K10.5K
$770.00Aug 28Oct 916.6%10.7%55.9%631.2K13.1K
$769.00Aug 28Oct 916.6%10.8%53.7%495.9K5.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 756 found (best R:R 1.94, avg 3.75)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$728.00$729.00Sep 18$0.34$0.66$0.3492%1.94$728.34
$749.00$750.00Sep 4$0.40$0.60$0.4092%1.50$749.40
$736.00$737.00Sep 11$0.41$0.59$0.4192%1.44$736.41
$715.00$716.00Aug 31$0.51$0.49$0.51100%0.96$715.51
$751.00$752.00Aug 31$0.59$0.41$0.59100%0.69$751.59
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$800.00$799.00Sep 11$0.57$0.43$0.5799%0.75$799.43
$781.00$780.00Sep 3$0.58$0.42$0.5894%0.72$780.42
$778.00$777.00Sep 18$0.33$0.67$0.3368%2.03$777.67
$775.00$774.00Sep 1$0.50$0.50$0.5086%1.00$774.50
$779.00$778.00Sep 8$0.54$0.46$0.5482%0.85$778.46

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 561 found (best R:R 1.50, avg 0.41)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$769.00$770.00Oct 9$0.60$0.60$0.4052%1.50$769.60
$769.00$770.00Sep 9$0.60$0.60$0.4051%1.50$769.60
$769.00$770.00Sep 25$0.59$0.59$0.4152%1.44$769.59
$769.00$770.00Sep 18$0.59$0.59$0.4152%1.44$769.59
$769.00$770.00Oct 2$0.59$0.59$0.4152%1.44$769.59
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$768.00$767.00Aug 28$0.18$0.18$0.8270%0.22$767.82
$765.00$764.00Aug 31$0.19$0.19$0.8176%0.23$764.81
$761.00$760.00Sep 1$0.11$0.11$0.8985%0.12$760.89
$763.00$762.00Aug 31$0.10$0.10$0.9085%0.11$762.90
$758.00$757.00Sep 3$0.11$0.11$0.8984%0.12$757.89

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $1.37, cheapest $1.33)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Aug 28Aug 31$1.4116.6%7.4%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$769.00Aug 28Aug 31$1.3316.6%7.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,109 found (cheapest 0.15% of stock, avg 3.90%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$769.00Aug 28$0.51$0.68$1.19$767.81$770.190.15%
$768.00Aug 28$1.12$0.29$1.41$766.59$769.410.18%
$770.00Aug 28$0.18$1.35$1.53$768.47$771.530.20%
$767.00Aug 28$1.94$0.11$2.05$764.95$769.050.27%
$771.00Aug 28$0.07$2.23$2.30$768.70$773.300.30%
$766.00Aug 28$2.87$0.05$2.92$763.08$768.920.38%
$772.00Aug 28$0.03$3.23$3.26$768.74$775.260.42%
$765.00Aug 28$3.81$0.03$3.84$761.16$768.840.50%
$769.00Aug 31$1.92$2.01$3.93$765.07$772.930.51%
$770.00Aug 31$1.41$2.50$3.91$766.09$773.910.51%

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$0.05$0.12$765.88$771.12
$771.00$767.00Aug 28$0.07$0.11$0.18$766.82$771.18
$770.00$766.00Aug 28$0.18$0.05$0.23$765.77$770.23
$770.00$767.00Aug 28$0.18$0.11$0.29$766.71$770.29
$771.00$768.00Aug 28$0.07$0.29$0.36$767.64$771.36
$770.00$768.00Aug 28$0.18$0.29$0.47$767.53$770.47
$769.00$766.00Aug 28$0.51$0.05$0.56$765.44$769.56
$769.00$767.00Aug 28$0.51$0.11$0.62$766.38$769.62
$769.00$768.00Aug 28$0.51$0.29$0.80$767.20$769.80
$773.00$764.00Aug 31$0.44$0.57$1.01$762.99$774.01

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 375 found (best R:R 0.82, avg credit $0.46)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
752/753775/776Sep 8$0.45$0.5556%0.82$752.55$775.45
742/743777/778Sep 18$0.51$0.4950%1.04$742.49$777.51
746/747777/778Sep 18$0.54$0.4646%1.17$746.46$777.54
752/753774/775Sep 8$0.48$0.5252%0.92$752.52$774.48
744/745777/778Sep 18$0.52$0.4848%1.08$744.48$777.52
750/751776/777Sep 11$0.49$0.5151%0.96$750.51$776.49
751/752775/776Sep 10$0.49$0.5151%0.96$751.51$775.49
752/753777/778Sep 8$0.38$0.6262%0.61$752.62$777.38
751/752776/777Sep 10$0.46$0.5454%0.85$751.54$776.46
749/750777/778Sep 18$0.56$0.4444%1.27$749.44$777.56

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 359 found (best R:R 3.76, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$767.00$768.00$769.00Aug 28$0.21$0.7942%3.76
$768.00$769.00$770.00Aug 28$0.28$0.7249%2.57
$770.00$771.00$772.00Aug 28$0.07$0.9317%13.29
$766.00$767.00$768.00Aug 28$0.11$0.8924%8.09
$768.00$769.00$770.00Aug 31$0.07$0.9316%13.29
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$767.00$768.00$769.00Aug 28$0.21$0.7942%3.76
$768.00$769.00$770.00Aug 28$0.28$0.7250%2.57
$768.00$769.00$770.00Aug 31$0.07$0.9316%13.29
$766.00$767.00$768.00Aug 28$0.12$0.8824%7.33
$769.00$770.00$771.00Aug 28$0.21$0.7936%3.76

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,141 found (best net $-16.92, 1,132 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$635.00$695.001:2Oct 2-$16.92$43.08
$767.00$768.001:2Aug 28-$0.30$0.70
$835.00$875.001:2Sep 8$0.00$40.00
$850.00$865.001:2Oct 9-$0.02$14.98
$810.00$825.001:2Sep 10-$0.01$14.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$825.00$800.001:2Sep 4-$6.15$18.85
$854.00$825.001:2Sep 4-$26.99$2.01
$771.00$770.001:2Aug 28-$0.47$0.53
$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. 329 found (best yield 1.76%, avg 0.41%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$769.00Oct 9$13.530.480.0%1.76%1.78%3123
$770.00Oct 9$12.940.470.1%1.68%1.84%4534
$771.00Oct 9$12.360.470.3%1.61%1.89%713
$772.00Oct 9$11.790.460.4%1.53%1.95%5712
$773.00Oct 9$11.240.440.5%1.46%2.01%1718
$774.00Oct 9$10.700.430.7%1.39%2.07%441
$775.00Oct 9$10.180.420.8%1.32%2.13%15820
$776.00Oct 9$9.670.410.9%1.26%2.19%3247
$777.00Oct 9$9.180.391.1%1.19%2.26%208
$778.00Oct 9$8.710.381.2%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 5,196,518
Total Puts 5,391,981
Put/Call Ratio 1.04
Net Difference -195,463

Prior's Put/Call Breakdown

Total Calls 4,337,533
Total Puts 4,452,934
Put/Call Ratio 1.03
Net Difference -115,401

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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