Tour v526
SPY
State Street SPDR S&P 500 ETF Trust
$766.93 -0.42%
9/8 15:13

Option Volume

Detail
Current (09/08) 8,552,217
Calls: 3,886,081 (45%)
Puts: 4,666,136 (55%)
Prior (09/04) 9,720,323
Calls: 4,423,596 (46%)
Puts: 5,296,727 (54%)
Current vs Prior -12.02%
Calls: -12.15% (Calls)
Puts: -11.91% (Puts)
Prior 7-Day Total 72,115,391
Calls: 33,663,466 (47%)
Puts: 38,451,925 (53%)
Prior 7-Day Average 10,302,198
Calls: 4,809,066 (47%)
Puts: 5,493,132 (53%)
Current vs Prior 7-Day Avg -16.99%
Calls: -19.19%
Puts: -15.06%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/08) $992.28M
Calls: $518.34M (52%)
Puts: $473.94M (48%)
Prior (09/04) $1.07B
Calls: $508.43M (48%)
Puts: $558.15M (52%)
Current vs Prior -6.97%
Calls: +1.95%
Puts: -15.09%
Prior 7-Day Total $8.48B
Calls: $4.37B (52%)
Puts: $4.11B (48%)
Prior 7-Day Average $1.21B
Calls: $624.39M (52%)
Puts: $586.48M (48%)
Current vs Prior 7-Day Avg -18.05%
Calls: -16.98%
Puts: -19.19%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/08) 1.20
Prior (09/04) 1.20
Current vs Prior +0.28%
Prior 7-Day Average 1.15
Current vs Prior 7-Day Avg +4.20%
Sentiment BEARISH

Open Interest

Detail
Current (09/08) 9,674,896
Calls: 2,372,553 (25%)
Puts: 7,302,343 (75%)
Prior (09/04) 9,994,266
Calls: 2,609,755 (26%)
Puts: 7,384,511 (74%)
Current vs Prior -3.20%
Prior 7-Day Total 65,990,490
Calls: 17,377,425 (26%)
Puts: 48,613,065 (74%)
Prior 7-Day Average 9,427,212
Calls: 2,482,489 (26%)
Puts: 6,944,723 (74%)
Current vs Prior 7-Day Avg +2.63%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/08) | Next (09/09)Expiry (09/09) | Next (09/11)Expiry (09/11) | Next (09/18)Expiry (09/15) | Next (10/16)
Current 0.20% | 0.53%0.53% | 1.02%1.02% | 1.77%1.53% | 3.41%
Prior 0.55% | 0.72%0.17% | 0.72%0.17% | 1.10%1.60% | 3.40%
Current vs Prior -62.99% | -25.95%+211.99% | +42.46%+500.24% | +60.17%-4.45% | +0.19%
Prior 7-Day Avg 0.55% | 0.75%0.30% | 0.78%0.63% | 1.36%1.98% | 3.62%
Current vs 7-Day Avg -62.49% | -29.11%+74.06% | +30.78%+62.99% | +30.06%-22.54% | -5.92%
Prior 7-Day Eod 0.20% | 0.51%0.17% | 0.72%0.17% | 1.10%1.60% | 3.40%
Current vs 7-Day Eod +0.65% | +3.05%+211.99% | +42.46%+500.24% | +60.17%-4.45% | +0.19%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 1.96% | 0.71%
Calls: 1.83% | 0.85%
Puts: 2.08% | 0.58%
Prior 0.48% | 2.48%
Calls: 0.55% | 0.83%
Puts: 0.40% | 4.14%
Current vs Prior +308.33% | -71.37%
Prior 7-Day Avg 1.34% | 1.19%
Calls: 0.89% | 0.94%
Puts: 1.58% | 1.67%
Current vs 7-Day Avg +46.11% | -40.48%
Liquidity Excellent
+
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🤖 AI Insights

Bearish P/C ratio of 1.20 indicates protective positioning. Put-heavy open interest (7,302,343 puts vs 2,372,553 calls) suggests hedging or bearish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH

📈 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 2,355 of results (avg 2.2%, best 0.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$740.00Sep 927.0227.05$27.040.1%821.0049
$625.00Sep 8141.89142.05$141.970.1%--1.0022
$741.00Sep 926.0226.05$26.040.1%--1.0022
$742.00Sep 925.0225.05$25.040.1%131.0026
$650.00Sep 8116.90117.05$116.980.1%21.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$800.00Sep 833.0533.08$33.070.1%4301.0016
$855.00Sep 887.9388.11$88.020.2%21.00--
$769.00Oct 1613.0013.03$13.020.2%1480.533.2K
$768.00Sep 113.923.93$3.930.3%6.9K0.547.0K
$782.00Sep 915.0515.09$15.070.3%3110.9954

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 670 found (avg $0.33, cheapest $0.10)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$768.00Sep 80.090.10$0.1010.0%837.5K0.171.8K
$767.00Sep 80.400.41$0.412.4%562.8K0.491.4K
$774.00Sep 90.060.07$0.0714.3%13.1K0.041.3K
$773.00Sep 90.100.11$0.119.1%17.8K0.062.5K
$772.00Sep 90.170.18$0.185.6%14.8K0.102.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$765.00Sep 80.050.06$0.0616.7%492.5K0.087.1K
$766.00Sep 80.160.17$0.175.9%729.3K0.223.9K
$767.00Sep 80.470.48$0.482.1%914.5K0.514.0K
$759.00Sep 90.190.20$0.205.0%13.3K0.081.0K
$758.00Sep 90.150.16$0.166.3%8.4K0.061.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 1,237 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$625.00Sep 8141.89142.05$141.970.1%--1.0022
$650.00Sep 8116.90117.05$116.980.1%21.00--
$670.00Sep 896.8997.07$96.980.2%11.001
$675.00Sep 891.8992.05$91.970.2%31.00--
$685.00Sep 881.8982.14$82.020.3%141.0014
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$783.00Sep 1116.0016.13$16.060.8%1451.0048
$784.00Sep 1117.0017.14$17.070.8%581.00251
$785.00Sep 1118.0018.14$18.070.8%2791.00898
$786.00Sep 1119.0019.14$19.070.7%651.0040
$787.00Sep 1120.0020.14$20.070.7%2851.0037

Most actively traded options today. High liquidity = easy entry/exit. 2,545 active (total vol 8.5M, top 914.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$768.00Sep 80.090.10$0.1010.0%837.5K0.171.8K
$767.00Sep 80.400.41$0.412.4%562.8K0.491.4K
$769.00Sep 80.020.03$0.0333.3%540.0K0.054.0K
$770.00Sep 80.010.02$0.0250.0%461.8K0.038.7K
$771.00Sep 80.010.02$0.0250.0%145.5K0.026.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$767.00Sep 80.470.48$0.482.1%914.5K0.514.0K
$766.00Sep 80.160.17$0.175.9%729.3K0.223.9K
$765.00Sep 80.050.06$0.0616.7%492.5K0.087.1K
$768.00Sep 81.151.17$1.161.7%461.8K0.836.0K
$764.00Sep 80.020.03$0.0333.3%298.6K0.043.9K

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 20.4%, max 30.2%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$766.00Sep 8Oct 2315.1%11.6%30.2%138.2K1.1K
$767.00Sep 8Oct 2313.5%11.5%17.9%562.9K1.4K
$768.00Sep 8Oct 2312.9%11.4%13.1%837.6K3.3K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$766.00Sep 8Oct 2315.1%11.6%30.2%729.3K3.9K
$767.00Sep 8Oct 2313.5%11.5%17.8%915.2K4.0K
$768.00Sep 8Oct 2312.9%11.4%13.0%461.8K6.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 744 found (best R:R 1.19, avg 5.30)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$725.00$726.00Sep 9$0.31$0.69$0.31100%2.23$725.31
$734.00$735.00Oct 9$0.20$0.80$0.2084%4.00$734.20
$738.00$739.00Sep 30$0.25$0.75$0.2586%3.00$738.25
$742.00$743.00Oct 16$0.15$0.85$0.1576%5.67$742.15
$751.00$752.00Oct 23$0.11$0.89$0.1167%8.09$751.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$775.00$770.00Sep 22$2.28$2.72$2.2871%1.19$772.72
$786.00$785.00Sep 25$0.18$0.82$0.1888%4.56$785.82
$790.00$788.00Oct 9$0.94$1.06$0.9482%1.13$789.06
$787.00$785.00Oct 2$1.01$0.99$1.0183%0.98$785.99
$783.00$782.00Sep 25$0.22$0.78$0.2283%3.55$782.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 570 found (best R:R 0.74, avg 0.37)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$770.00$775.00Sep 21$2.13$2.13$2.8759%0.74$772.13
$770.00$775.00Sep 22$2.15$2.15$2.8559%0.75$772.15
$770.00$775.00Sep 17$2.10$2.10$2.9058%0.72$772.10
$770.00$775.00Sep 15$1.82$1.82$3.1860%0.57$771.82
$770.00$775.00Sep 14$1.70$1.70$3.3061%0.52$771.70
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$766.00$765.00Sep 8$0.11$0.11$0.8978%0.12$765.89
$762.00$761.00Sep 9$0.11$0.11$0.8984%0.12$761.89
$756.00$755.00Sep 11$0.11$0.11$0.8985%0.12$755.89
$763.00$762.00Sep 9$0.14$0.14$0.8679%0.16$762.86
$764.00$763.00Sep 9$0.19$0.19$0.8174%0.23$763.81

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $1.29, cheapest $1.25)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$767.00Sep 8Sep 9$1.3313.5%10.3%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$767.00Sep 8Sep 9$1.2513.5%10.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 1,035 found (cheapest 0.12% of stock, avg 4.09%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$767.00Sep 8$0.41$0.48$0.89$766.11$767.890.12%
$766.00Sep 8$1.09$0.17$1.26$764.74$767.260.16%
$768.00Sep 8$0.10$1.16$1.26$766.74$769.260.16%
$765.00Sep 8$1.99$0.06$2.05$762.95$767.050.27%
$769.00Sep 8$0.03$2.09$2.12$766.88$771.120.28%
$764.00Sep 8$2.96$0.03$2.99$761.01$766.990.39%
$770.00Sep 8$0.02$3.08$3.10$766.90$773.100.40%
$767.00Sep 9$1.74$1.73$3.47$763.53$770.470.45%
$768.00Sep 9$1.21$2.21$3.42$764.58$771.420.45%
$769.00Sep 9$0.82$2.81$3.63$765.37$772.630.47%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 369 found (cheapest 0.02% of stock, avg 1.40%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$768.00$765.00Sep 8$0.10$0.06$0.16$764.84$768.16
$768.00$766.00Sep 8$0.10$0.17$0.27$765.73$768.27
$771.00$762.00Sep 9$0.31$0.45$0.76$761.24$771.76
$780.00$745.00Sep 14$0.31$0.43$0.74$744.26$780.74
$767.00$765.00Sep 8$0.41$0.06$0.47$764.53$767.47
$767.00$766.00Sep 8$0.41$0.17$0.58$765.42$767.58
$771.00$763.00Sep 9$0.31$0.59$0.90$762.10$771.90
$780.00$745.00Sep 15$0.45$0.58$1.03$743.97$781.03
$780.00$750.00Sep 14$0.31$0.67$0.98$749.02$780.98
$770.00$762.00Sep 9$0.51$0.45$0.96$761.04$770.96

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 297 found (best R:R 0.85, avg credit $0.69)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
744/745774/775Sep 18$0.46$0.5455%0.85$744.54$774.46
739/740774/775Sep 25$0.50$0.5051%1.00$739.50$774.50
744/745773/774Sep 18$0.48$0.5253%0.92$744.52$773.48
741/742774/775Sep 25$0.51$0.4950%1.04$741.49$774.51
734/735776/777Oct 2$0.50$0.5051%1.00$734.50$776.50
740/741774/775Sep 25$0.50$0.5050%1.00$740.50$774.50
746/747774/775Sep 18$0.47$0.5353%0.89$746.53$774.47
747/748774/775Sep 18$0.48$0.5252%0.92$747.52$774.48
739/740775/776Sep 25$0.47$0.5353%0.89$739.53$775.47
749/750774/775Sep 18$0.50$0.5050%1.00$749.50$774.50

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 354 found (best R:R 8.09, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$755.00$760.00$765.00Sep 14$0.55$4.4526%8.09
$760.00$765.00$770.00Sep 14$0.86$4.1435%4.81
$755.00$760.00$765.00Sep 15$0.53$4.4724%8.43
$755.00$760.00$765.00Sep 17$0.43$4.5721%10.63
$760.00$765.00$770.00Sep 15$0.79$4.2132%5.33
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$755.00$760.00$765.00Sep 15$0.52$4.4824%8.62
$755.00$760.00$765.00Sep 14$0.57$4.4326%7.77
$760.00$765.00$770.00Sep 14$0.87$4.1335%4.75
$755.00$760.00$765.00Sep 16$0.47$4.5322%9.64
$755.00$760.00$765.00Sep 17$0.45$4.5521%10.11

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1,047 found (best net $-1.48, 1,018 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$655.00$700.001:2Sep 10-$21.94$23.06
$725.00$745.001:2Sep 17-$4.11$15.89
$725.00$745.001:2Sep 22-$4.79$15.21
$720.00$740.001:2Sep 16-$8.44$11.56
$635.00$680.001:2Sep 9-$42.05$2.95
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$824.00$795.001:2Oct 9-$1.48$27.52
$810.00$790.001:2Sep 16-$3.60$16.40
$790.00$780.001:2Sep 17-$3.99$6.01
$775.00$770.001:2Sep 14-$2.08$2.92
$770.00$765.001:2Sep 14-$1.01$3.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 298 found (best yield 1.95%, avg 0.48%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$767.00Oct 23$14.990.490.0%1.95%1.96%764
$768.00Oct 23$14.380.470.1%1.88%2.01%741.5K
$769.00Oct 23$13.790.470.3%1.80%2.07%1010
$770.00Oct 23$13.210.460.4%1.72%2.12%551.5K
$771.00Oct 23$12.650.450.5%1.65%2.18%464
$772.00Oct 23$12.090.440.7%1.58%2.24%622
$773.00Oct 23$11.560.430.8%1.51%2.30%1918
$774.00Oct 23$11.030.420.9%1.44%2.36%869
$775.00Oct 23$10.520.411.1%1.37%2.42%21306
$776.00Oct 23$10.020.401.2%1.31%2.49%452

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 3,886,081
Total Puts 4,666,136
Put/Call Ratio 1.20
Net Difference -780,055

Prior's Put/Call Breakdown

Total Calls 4,423,596
Total Puts 5,296,727
Put/Call Ratio 1.20
Net Difference -873,131

Prior 7-Day Put/Call Summary

Total Calls 33,663,466
Total Puts 38,451,925
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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