EQUITY
SPY Target Instrument
Spot:$580.00
Fast Select Presets:
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Bull Call Spread
Bullish strategy with limited risk and reward.
Bear Put Spread
Bearish strategy with limited risk and reward.
Long Straddle
Neutral strategy profiting from high volatility.
Long Strangle
Cheaper neutral strategy needing larger moves.
Iron Condor
Neutral strategy profiting from low volatility.
Call Butterfly
Targeted strategy for a specific price pin.
Covered Call
Holding long stock and selling a call against it.
Futures Outright Long
Direct directional position in Futures contracts (ES, NQ, CL, GC).
Futures Calendar Spread
Inter-month futures spread exploiting term structure & contango/backwardation.
Futures Inter-Commodity / Crack Spread
Relative value spread between related futures products (e.g. S&P vs Nasdaq, Oil vs Gas).
Covered Futures Call
Long futures contract hedged by selling an out-of-the-money Futures Option (FOP).
Cash & Carry / Basis Trade
Long physical/spot asset while shorting the corresponding Futures contract.
SPY Real Option & Futures Chains$580.00 Spot
Expiring: 2026-08-21 (26 Days to Expiration)Symbol: SPY
| CALL OPTIONS (2026-08-21) | STRIKE | PUT OPTIONS (2026-08-21) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Delta | OI | Vol | Bid | Ask | Action | Strike | Action | Bid | Ask | Vol | OI | Delta |
| 0.86 | 8,652 | 2,734 | $80.95 | $84.26 | $510 | $12.35 | $12.86 | 2,461 | 7,703 | -0.14 | ||
| 0.81 | 9,390 | 2,980 | $71.49 | $74.41 | $520 | $12.69 | $13.21 | 2,682 | 8,366 | -0.19 | ||
| 0.76 | 10,197 | 3,249 | $61.98 | $64.51 | $530 | $12.98 | $13.51 | 2,924 | 9,092 | -0.24 | ||
| 0.71 | 11,073 | 3,541 | $52.39 | $54.53 | $540 | $13.19 | $13.73 | 3,187 | 9,881 | -0.29 | ||
| 0.66 | 12,030 | 3,860 | $42.74 | $44.48 | $550 | $13.34 | $13.88 | 3,474 | 10,742 | -0.34 | ||
| 0.6 | 13,074 | 4,208 | $33.01 | $34.36 | $560 | $13.41 | $13.96 | 3,787 | 11,681 | -0.4 | ||
| 0.55 | 14,211 | 4,587 | $23.22 | $24.17 | $570 | $13.42 | $13.97 | 4,128 | 12,704 | -0.45 | ||
| 0.5 | 15,450 | 5,000 | $13.35 | $13.89 | $580 (ATM) | $13.35 | $13.89 | 4,500 | 13,820 | -0.5 | ||
| 0.45 | 14,211 | 4,587 | $13.42 | $13.97 | $590 | $23.22 | $24.17 | 4,128 | 12,704 | -0.55 | ||
| 0.4 | 13,074 | 4,208 | $13.41 | $13.96 | $600 | $33.01 | $34.36 | 3,787 | 11,681 | -0.6 | ||
| 0.34 | 12,030 | 3,860 | $13.34 | $13.88 | $610 | $42.74 | $44.48 | 3,474 | 10,742 | -0.66 | ||
| 0.29 | 11,073 | 3,541 | $13.19 | $13.73 | $620 | $52.39 | $54.53 | 3,187 | 9,881 | -0.71 | ||
| 0.24 | 10,197 | 3,249 | $12.98 | $13.51 | $630 | $61.98 | $64.51 | 2,924 | 9,092 | -0.76 | ||
| 0.19 | 9,390 | 2,980 | $12.69 | $13.21 | $640 | $71.49 | $74.41 | 2,682 | 8,366 | -0.81 | ||
| 0.14 | 8,652 | 2,734 | $12.35 | $12.86 | $650 | $80.95 | $84.26 | 2,461 | 7,703 | -0.86 | ||
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Risk Profile & P&L Heatmap
Risk Metrics
Implied Volatility
24.5 %
+1.2% (1w)
Risk-Free Rate
4.25 %
+0.25% (YTD)
Value at Risk (95%)
$ 12,500
-3.4% (1m)
Asset Beta
1.15
High correlation
Sharpe Ratio
1.80
Excellent
Probability Distribution
Expected Value$100.00
1σ Range (~68%)$85.00 - $115.00
Implied Volatility15.0%