XLI - Options Database

XLI

State Street IndstrlSelSectSPDRETF

$180.56 -1.00%

(7/7 18:04) ◀

Wednesday, July 8, 2026 (3:05pm)

▶ (7/8 18:04)

◀ 7/8 15:07 ▶

Option Volume

Detail

ℹ

Current (07/08 3:05pm) 19,509

Calls: 4,091 (21%)

Puts: 15,418 (79%)

Prior (07/07) 14,080

Calls: 6,992 (50%)

Puts: 7,088 (50%)

Current vs Prior +38.56%

Calls: -41.49% (Calls)

Puts: +117.52% (Puts)

Prior 7-Day Total 261,108

Calls: 29,702 (11%)

Puts: 231,406 (89%)

Prior 7-Day Average 37,301

Calls: 4,243 (11%)

Puts: 33,058 (89%)

Current vs Prior 7-Day Avg -47.70%

Calls: -3.59%

Puts: -53.36%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/08 3:05pm) $5.35M

Calls: $1.30M (24%)

Puts: $4.05M (76%)

Prior (07/07) $4.82M

Calls: $3.46M (72%)

Puts: $1.36M (28%)

Current vs Prior +10.92%

Calls: -62.41%

Puts: +197.14%

Prior 7-Day Total $41.09M

Calls: $15.22M (37%)

Puts: $25.87M (63%)

Prior 7-Day Average $5.87M

Calls: $2.17M (37%)

Puts: $3.70M (63%)

Current vs Prior 7-Day Avg -8.86%

Calls: -40.19%

Puts: +9.58%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/08 3:05pm) 3.77

Prior (07/07) 1.01

Current vs Prior +271.77%

Prior 7-Day Average 2.34

Current vs Prior 7-Day Avg +60.88%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/08 3:05pm) 501,561

Calls: 115,211 (23%)

Puts: 386,350 (77%)

Prior (07/07) 494,233

Calls: 111,868 (23%)

Puts: 382,365 (77%)

Current vs Prior +1.48%

Prior 7-Day Total 3,065,451

Calls: 726,550 (24%)

Puts: 2,338,901 (76%)

Prior 7-Day Average 437,921

Calls: 103,792 (24%)

Puts: 334,128 (76%)

Current vs Prior 7-Day Avg +14.53%

Sentiment BULLISH

Expected Move

Detail

ℹ

WKMO Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)

Current 1.78% | 3.23%3.23% | 6.48%

Prior 2.12% | 3.27%3.27% | 6.70%

Current vs Prior -15.81% | -1.15%-1.15% | -3.28%

Prior 7-Day Avg 1.59% | 2.91%3.31% | 6.73%

Current vs 7-Day Avg +11.83% | +10.91%-2.38% | -3.74%

Prior 7-Day Eod 2.12% | 3.27%-- | --

Current vs 7-Day Eod -15.81% | -1.15%-- | --

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 14.29% | 10.98%

Calls: 14.29% | 10.86%

Puts: 14.29% | 11.11%

Prior 15.39% | 10.13%

Calls: 13.04% | 9.23%

Puts: 17.74% | 11.03%

Current vs Prior -7.15% | +8.39%

Prior 7-Day Avg 54.17% | 28.09%

Calls: 32.42% | 26.23%

Puts: 75.91% | 29.94%

Current vs 7-Day Avg -73.62% | -60.91%

Liquidity Expensive

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🤖 AI Insights

Strong bearish conviction with 76% of dollar volume in puts ($4.05M) vs calls ($1.30M). Extreme bearish P/C ratio of 3.77 - heavy put buying. P/C ratio rising 272% - increased hedging/bearish positioning. Put-heavy open interest (386,350 puts vs 115,211 calls) suggests hedging or bearish positioning.

Smart Money BEARISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BEARISH

Current BEARISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BEARISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

📈 Options Analysis

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💰 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

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Tightest Spreads

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Best Value <$1

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High Delta

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 23 of results (avg 8.2%, best 5.1%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$150.00	Jul 31	30.50	32.10	$31.30	5.1%	30	0.94	30
$170.00	Aug 7	12.10	12.90	$12.50	6.4%	3	0.82	--
$183.00	Aug 21	4.70	5.05	$4.88	7.2%	4	0.45	87
$150.00	Jul 24	29.55	31.85	$30.70	7.5%	--	0.94	30
$181.00	Aug 21	5.70	6.15	$5.93	7.6%	4	0.50	27

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$184.00	Aug 21	6.80	7.25	$7.03	6.4%	3	0.57	46
$181.00	Aug 21	5.30	5.70	$5.50	7.3%	5	0.50	27
$183.00	Aug 21	6.25	6.75	$6.50	7.7%	1	0.55	4
$175.00	Jul 31	1.83	2.00	$1.92	8.9%	2.0K	0.29	20
$177.00	Aug 21	3.65	4.00	$3.83	9.1%	9	0.38	17

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.96, cheapest $0.96)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$197.00	Aug 21	0.88	1.04	$0.96	16.7%	725	0.14	2.1K

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 84 found (avg delta 0.76, highest 0.99)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$166.00	Jul 10	13.30	15.35	$14.33	14.3%	1	0.99	1
$168.00	Jul 10	11.30	13.25	$12.28	15.9%	--	0.99	16
$167.00	Jul 10	12.30	14.30	$13.30	15.0%	1	0.99	10
$160.00	Jul 17	19.45	21.50	$20.48	10.0%	--	0.98	17
$154.00	Jul 17	25.40	27.45	$26.42	7.8%	--	0.98	23

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$186.00	Jul 10	5.25	7.00	$6.13	28.5%	--	0.91	37
$195.00	Jul 17	14.15	16.25	$15.20	13.8%	--	0.91	77
$200.00	Aug 21	19.25	21.10	$20.18	9.2%	--	0.89	23
$185.00	Jul 10	4.15	5.60	$4.88	29.7%	11	0.89	64
$188.00	Jul 10	7.15	9.25	$8.20	25.6%	--	0.89	10

Most actively traded options today. High liquidity = easy entry/exit. 160 active (total vol 18.5K, top 2.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Jul 17	2.87	3.20	$3.04	10.9%	1.8K	0.54	3.7K
$197.00	Aug 21	0.88	1.04	$0.96	16.7%	725	0.14	2.1K
$185.00	Jul 17	0.88	1.13	$1.00	25.0%	194	0.26	2.8K
$195.00	Aug 21	1.09	1.42	$1.25	26.4%	154	0.17	152
$190.00	Jul 17	0.19	0.75	$0.47	119.1%	100	0.12	4.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$178.00	Jul 17	1.50	1.76	$1.63	16.0%	2.0K	0.35	2.2K
$167.50	Jul 31	0.64	1.00	$0.82	43.9%	2.0K	0.13	--
$175.00	Jul 31	1.83	2.00	$1.92	8.9%	2.0K	0.29	20
$185.00	Aug 21	7.20	8.05	$7.63	11.1%	2.0K	0.60	51
$180.00	Aug 21	4.85	5.35	$5.10	9.8%	1.8K	0.47	23

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 71 strikes (avg 45.3%, max 161.3%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$191.00	Jul 10	Aug 21	58.2%	22.3%	161.3%	41	43
$190.00	Jul 10	Aug 21	51.3%	22.4%	128.6%	75	1.2K
$189.00	Jul 10	Aug 21	50.2%	22.4%	124.3%	11	33
$196.00	Jul 10	Aug 21	42.6%	21.9%	94.5%	77	39
$188.00	Jul 10	Aug 21	43.4%	22.5%	93.0%	10	125

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Jul 10	Aug 21	61.4%	27.1%	126.8%	145	437
$161.00	Jul 10	Aug 21	58.0%	26.4%	119.9%	79	2.0K
$155.00	Jul 10	Jul 17	103.6%	47.1%	119.8%	--	90
$150.00	Jul 17	Aug 21	67.7%	31.6%	114.3%	17	487
$165.00	Jul 10	Aug 21	52.4%	25.0%	109.9%	3	454

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 133 found (best R:R 40.67, avg 3.65)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$190.00	$192.00	Jul 31	$0.12	$1.88	$0.12	15.67	$190.12
$200.00	$205.00	Aug 21	$0.31	$4.69	$0.31	15.13	$200.31
$191.00	$196.00	Jul 10	$0.37	$4.63	$0.37	12.51	$191.37
$195.00	$199.00	Jul 17	$0.31	$3.69	$0.31	11.90	$195.31
$184.00	$185.00	Jul 10	$0.12	$0.88	$0.12	7.33	$184.12

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$150.00	$145.00	Aug 21	$0.12	$4.88	$0.12	40.67	$149.88
$160.00	$150.00	Aug 21	$0.41	$9.59	$0.41	23.39	$159.59
$150.00	$145.00	Jul 17	$0.26	$4.74	$0.26	18.23	$149.74
$165.00	$160.00	Aug 14	$0.39	$4.61	$0.39	11.82	$164.61
$166.00	$162.00	Jul 31	$0.34	$3.66	$0.34	10.76	$165.66

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 161 found (best R:R 53.55, avg 1.77)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$150.00	$168.00	Jul 31	$17.67	$17.67	$0.33	53.55	$167.67
$165.00	$170.00	Jul 17	$4.80	$4.80	$0.20	24.00	$169.80
$165.00	$173.00	Jul 24	$7.25	$7.25	$0.75	9.67	$172.25
$172.00	$173.00	Jul 17	$0.88	$0.88	$0.12	7.33	$172.88
$181.00	$182.00	Aug 21	$0.88	$0.88	$0.12	7.33	$181.88

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$195.00	$189.00	Jul 17	$5.65	$5.65	$0.35	16.14	$189.35
$190.00	$189.00	Jul 31	$0.88	$0.88	$0.12	7.33	$189.12
$185.00	$184.00	Jul 17	$0.86	$0.86	$0.14	6.14	$184.14
$187.00	$185.00	Jul 17	$1.70	$1.70	$0.30	5.67	$185.30
$189.00	$185.00	Jul 24	$3.31	$3.31	$0.69	4.80	$185.69

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 67 found (avg debit $0.76, cheapest $0.05)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$195.00	Jul 17	Jul 31	$0.09	35.2%	23.3%
$189.00	Jul 10	Jul 17	$0.13	50.2%	26.1%
$190.00	Jul 10	Jul 17	$0.16	51.3%	27.5%
$165.00	Jul 17	Jul 24	$0.18	30.1%	29.9%
$188.00	Jul 10	Jul 17	$0.29	43.4%	25.3%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$150.00	Jul 17	Aug 21	$0.05	67.7%	31.6%
$165.00	Jul 10	Jul 17	$0.06	52.4%	30.1%
$189.00	Jul 17	Jul 24	$0.08	26.1%	22.4%
$164.00	Jul 10	Jul 17	$0.09	55.3%	33.2%
$161.00	Jul 10	Jul 17	$0.11	58.0%	38.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 70 found (cheapest 1.48% of stock, avg 4.94%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$181.00	Jul 10	$1.13	$1.54	$2.67	$178.33	$183.67	1.48%
$180.00	Jul 10	$1.68	$1.08	$2.76	$177.24	$182.76	1.53%
$182.00	Jul 10	$0.74	$2.12	$2.86	$179.14	$184.86	1.58%
$179.00	Jul 10	$2.37	$0.68	$3.05	$175.95	$182.05	1.69%
$182.50	Jul 10	$0.60	$2.51	$3.11	$179.39	$185.61	1.72%
$183.00	Jul 10	$0.49	$2.97	$3.46	$179.54	$186.46	1.92%
$178.00	Jul 10	$2.98	$0.53	$3.51	$174.49	$181.51	1.94%
$177.50	Jul 10	$3.28	$0.45	$3.73	$173.77	$181.23	2.07%
$177.00	Jul 10	$3.79	$0.38	$4.17	$172.83	$181.17	2.31%
$184.00	Jul 10	$0.31	$3.90	$4.21	$179.79	$188.21	2.33%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 140 found (cheapest 0.38% of stock, avg 2.58%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$184.00	$177.00	Jul 10	$0.31	$0.38	$0.69	$176.31	$184.69
$184.00	$177.50	Jul 10	$0.31	$0.45	$0.76	$176.74	$184.76
$184.00	$178.00	Jul 10	$0.31	$0.53	$0.84	$177.16	$184.84
$183.00	$177.00	Jul 10	$0.49	$0.38	$0.87	$176.13	$183.87
$183.00	$177.50	Jul 10	$0.49	$0.45	$0.94	$176.56	$183.94
$182.50	$177.00	Jul 10	$0.60	$0.38	$0.98	$176.02	$183.48
$184.00	$179.00	Jul 10	$0.31	$0.68	$0.99	$178.01	$184.99
$183.00	$178.00	Jul 10	$0.49	$0.53	$1.02	$176.98	$184.02
$182.50	$177.50	Jul 10	$0.60	$0.45	$1.05	$176.45	$183.55
$182.00	$177.00	Jul 10	$0.74	$0.38	$1.12	$175.88	$183.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 185 found (best R:R 15.67, avg credit $1.19)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
162/163	170/172	Aug 21	$1.88	$0.12	15.67	$161.12	$171.88
161/162	170/172	Aug 21	$1.84	$0.16	11.50	$160.16	$171.84
162/163	171/172	Jul 17	$0.90	$0.10	9.00	$162.10	$171.90
162/163	176/177	Aug 21	$0.90	$0.10	9.00	$162.10	$176.90
162/163	172/173	Aug 21	$0.88	$0.12	7.33	$162.12	$172.88
172/174	178/180	Aug 21	$1.76	$0.24	7.33	$172.24	$179.76
170/172	173/176	Aug 21	$2.63	$0.37	7.11	$169.37	$175.63
170/171	174/175	Jul 17	$0.87	$0.13	6.69	$170.13	$174.87
177/178	179/180	Jul 24	$0.87	$0.13	6.69	$176.63	$179.87
177/179	182/184	Jul 31	$1.74	$0.26	6.69	$177.26	$183.74

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 63 found (best R:R 37.46, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$160.00	$165.00	$170.00	Jul 17	$0.13	$4.87	37.46
$178.00	$179.00	$180.00	Jul 24	$0.05	$0.95	19.00
$183.00	$184.00	$185.00	Jul 10	$0.06	$0.94	15.67
$190.00	$191.00	$192.00	Jul 17	$0.06	$0.94	15.67
$184.00	$185.00	$186.00	Jul 24	$0.06	$0.94	15.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$174.00	$175.00	$176.00	Jul 24	$0.05	$0.95	19.00
$175.00	$176.00	$177.00	Jul 10	$0.06	$0.94	15.67
$179.00	$180.00	$181.00	Jul 10	$0.06	$0.94	15.67
$173.00	$174.00	$175.00	Jul 24	$0.06	$0.94	15.67
$171.00	$172.00	$173.00	Jul 17	$0.07	$0.93	13.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 118 found (best net $-0.76, 106 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$150.00	$165.00	1:2	Jul 24	-$0.76	$14.24
$165.00	$173.00	1:2	Jul 24	-$1.23	$6.77
$200.00	$205.00	1:2	Aug 21	-$0.08	$4.92
$185.00	$189.00	1:2	Aug 7	-$0.06	$3.94
$161.00	$170.00	1:2	Aug 21	-$5.60	$3.40

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$189.00	$183.00	1:2	Jul 31	-$0.70	$5.30
$170.00	$165.00	1:2	Aug 14	-$0.09	$4.91
$150.00	$145.00	1:2	Aug 21	-$0.10	$4.90
$165.00	$160.00	1:2	Aug 14	-$0.13	$4.87
$180.00	$175.00	1:2	Aug 7	-$0.34	$4.66

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 3.16%, avg 0.85%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$181.00	Aug 21	$5.70	0.50	0.2%	3.16%	3.40%	4	27
$183.00	Aug 21	$4.70	0.45	1.4%	2.60%	3.95%	4	87
$182.00	Aug 21	$4.55	0.48	0.8%	2.52%	3.32%	2	103
$184.00	Aug 21	$4.15	0.43	1.9%	2.30%	4.20%	3	29
$185.00	Aug 21	$3.65	0.40	2.5%	2.02%	4.48%	16	553
$181.00	Jul 31	$3.55	0.49	0.2%	1.97%	2.21%	--	73
$182.00	Jul 31	$3.20	0.45	0.8%	1.77%	2.57%	1	27
$186.00	Aug 21	$3.20	0.37	3.0%	1.77%	4.79%	7	24
$187.00	Aug 21	$2.85	0.34	3.6%	1.58%	5.15%	8	29
$188.00	Aug 21	$2.52	0.32	4.1%	1.40%	5.52%	10	4

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 4,091

Total Puts 15,418

Put/Call Ratio 3.77

Net Difference -11,327

Prior's Put/Call Breakdown

Total Calls 6,992

Total Puts 7,088

Put/Call Ratio 1.01

Net Difference -96

Prior 7-Day Put/Call Summary

Total Calls 29,702

Total Puts 231,406

Average Put/Call Ratio 2.34

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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