SPY Option Chain — Live

ETF / Index

SPDR S&P 500 ETF · All strikes, calls, puts, Greeks, IV, open interest. Updated every 30 seconds during market hours.

$714.08
Last updated: · auto-refresh in 30s
Calls
Strike
Puts
BidAskLastVolIV%Δ Strike BidAskLastVolIV%Δ
217.26 219.44 500.00 0.00 0.01 0.01 104
207.32 210.12 505.00 0.00 0.03 0.04 110
201.90 203.29 510.00 0.00 0.03
196.14 203.31 515.00 0.00 0.03 0.01 1
194.79 196.94 520.00 0.00 0.03
187.51 189.22 185.80 18 525.00 0.00 0.03 0.01 50
179.78 188.96 530.00 0.00 0.01 0.01 10
177.50 182.32 535.00 0.00 0.01 0.03 10
174.79 177.11 540.00 0.00 0.01 0.02 100
168.35 172.94 545.00 0.00 0.03 0.01 10
160.27 165.58 550.00 0.00 0.03 0.05 20
160.50 162.92 152.77 4 555.00 0.00 0.01 0.03 1
153.22 155.54 151.17 6 560.00 0.00 0.03 0.03 2
148.99 151.16 565.00 0.00 0.03 0.02 37
145.59 147.76 140.71 14 570.00 0.00 0.03 0.01 25
135.68 141.92 575.00 0.00 0.03 0.01 1
131.93 136.04 131.62 4 580.00 0.00 0.03 0.04 85
128.69 129.10 585.00 0.00 0.03 0.03 153
122.42 125.90 121.46 18 590.00 0.00 0.03 0.01 10
119.01 121.46 84.7 0.97 595.00 0.03 0.04 0.01 30 56.3 -0.00
114.16 116.33 111.30 12 81.6 0.97 600.00 0.03 0.04 0.05 120 53.9 -0.00
108.20 109.09 106.47 12 605.00 0.01 0.04 0.02 400 49.9 -0.00
103.64 103.94 610.00 0.01 0.02 0.01 100 45.5 -0.00
99.17 101.61 73.9 0.96 615.00 0.04 0.05 0.02 1 48.1 -0.00
93.42 95.63 50.0 0.99 620.00 0.01 0.02 0.02 16 41.2 -0.00
88.84 88.91 84.91 13 625.00 0.04 0.05 0.03 11 43.5 -0.00
82.94 84.06 80.83 2 630.00 0.01 0.02 0.05 12 36.9 -0.00
79.37 80.91 73.70 1 57.2 0.96 635.00 0.05 0.06 0.05 12 39.6 -0.01
73.20 76.20 71.51 10 45.7 0.98 640.00 0.02 0.07 0.06 1 36.5 -0.00
72.29 75.59 62.54 60 50.2 0.97 641.00 0.02 0.07 0.03 100 36.0 -0.00
71.00 74.17 41.0 0.99 642.00 0.02 0.07 0.07 100 35.5 -0.00
70.30 72.62 67.38 1 32.5 1.00 643.00 0.02 0.03 0.14 5 33.0 -0.00
69.23 70.42 644.00 0.02 0.07 0.03 129 34.6 -0.00
67.87 69.60 645.00 0.02 0.07 0.06 427 34.1 -0.00
68.04 68.14 63.90 4 646.00 0.02 0.07 0.05 412 33.7 -0.01
66.48 68.67 38.0 0.99 647.00 0.06 0.07 0.04 1 34.6 -0.01
65.28 67.99 55.53 140 39.4 0.98 648.00 0.07 0.08 0.13 1 34.8 -0.01
65.12 66.63 61.21 6 44.2 0.97 649.00 0.07 0.08 0.15 3 34.3 -0.01
62.55 64.79 60.23 2 650.00 0.07 0.08 0.07 11 33.8 -0.01
62.45 63.21 59.14 6 651.00 0.07 0.08 0.10 51 33.3 -0.01
61.18 64.25 58.68 5 39.3 0.98 652.00 0.07 0.08 0.07 66 32.8 -0.01
59.00 62.42 57.87 6 653.00 0.07 0.08 0.09 49 32.3 -0.01
59.92 62.56 57.24 9 46.3 0.95 654.00 0.03 0.04 0.05 1 29.1 -0.00
58.49 60.11 55.21 8 655.00 0.07 0.08 0.08 3 31.4 -0.01
58.12 58.89 54.23 12 30.1 0.99 656.00 0.04 0.05 0.07 1 29.1 -0.01
55.78 58.70 657.00 0.08 0.09 0.08 111 30.9 -0.01
55.87 56.30 52.62 1 658.00 0.08 0.09 0.18 56 30.4 -0.01
53.81 55.59 659.00 0.04 0.05 0.08 17 27.7 -0.01
54.12 54.51 50.49 10 660.00 0.04 0.09 0.05 215 28.4 -0.01
51.81 55.06 52.57 1 661.00 0.09 0.10 0.09 189 29.3 -0.01
50.55 53.79 45.52 1 662.00 0.09 0.10 0.09 10 28.8 -0.01
49.86 51.61 44.91 2 663.00 0.09 0.10 0.07 13 28.3 -0.01
49.96 52.18 46.48 1 37.8 0.95 664.00 0.06 0.07 0.11 9 26.5 -0.01
48.67 49.78 48.30 9 665.00 0.10 0.11 0.10 36 27.7 -0.01
46.88 49.51 45.90 1 666.00 0.10 0.11 0.10 26 27.2 -0.01
45.95 48.22 44.33 1 667.00 0.07 0.08 0.09 1 25.5 -0.01
46.03 46.63 668.00 0.07 0.08 0.13 15 25.0 -0.01
44.04 47.29 39.97 1 28.6 0.98 669.00 0.12 0.13 0.13 18 26.3 -0.02
42.75 46.12 39.00 2 670.00 0.12 0.13 0.13 1095 25.8 -0.02
42.75 44.75 39.32 6 29.0 0.97 671.00 0.09 0.14 0.20 3 25.0 -0.02
41.58 44.17 30.3 0.96 672.00 0.09 0.10 0.15 6 23.8 -0.01
39.76 42.97 40.66 5 673.00 0.14 0.15 0.18 32 24.8 -0.02
38.64 40.98 35.40 2 674.00 0.11 0.16 0.13 159 24.0 -0.02
38.03 40.51 36.11 1 675.00 0.16 0.17 0.12 120 24.2 -0.02
37.44 39.25 676.00 0.13 0.14 0.18 53 23.0 -0.02
35.78 37.91 677.00 0.18 0.19 0.14 433 23.6 -0.02
35.21 37.76 32.78 12 17.9 0.99 678.00 0.19 0.20 0.19 44 23.2 -0.03
34.59 35.21 29.92 5 679.00 0.16 0.21 0.21 467 22.5 -0.03
33.68 35.11 33.94 7 680.00 0.18 0.19 0.21 391 21.9 -0.03
33.49 34.32 32.60 65 25.2 0.95 681.00 0.20 0.25 0.23 421 22.1 -0.03
31.88 32.49 27.07 5 682.00 0.21 0.22 0.30 147 21.4 -0.03
31.09 32.06 25.81 7 18.9 0.98 683.00 0.28 0.29 0.23 634 21.9 -0.04
29.86 30.84 28.67 4 684.00 0.26 0.27 0.29 494 21.1 -0.04
28.74 29.90 28.92 2 685.00 0.29 0.30 0.32 163 20.9 -0.04
28.22 28.48 25.96 6 686.00 0.35 0.36 0.35 344 21.1 -0.05
27.95 28.10 26.77 2 22.6 0.93 687.00 0.39 0.40 0.37 278 20.9 -0.05
26.44 27.10 26.79 3 19.3 0.95 688.00 0.38 0.39 0.47 319 20.2 -0.05
25.70 25.83 24.54 4 18.6 0.95 689.00 0.42 0.47 0.44 274 20.2 -0.06
25.09 25.26 22.69 7 21.9 0.92 690.00 0.46 0.48 0.49 1131 19.8 -0.06
23.43 24.17 19.84 2 17.8 0.95 691.00 0.55 0.56 0.60 494 19.9 -0.07
23.08 23.22 18.24 56 20.3 0.91 692.00 0.56 0.62 0.59 816 19.5 -0.08
21.48 22.06 21.03 1 16.2 0.95 693.00 0.66 0.68 0.65 1920 19.5 -0.09
21.30 21.44 20.53 101 20.4 0.89 694.00 0.69 0.70 0.71 506 19.0 -0.09
19.84 19.86 19.94 47 15.8 0.93 695.00 0.80 0.82 0.76 977 19.0 -0.11
19.21 19.35 19.11 50 18.4 0.89 696.00 0.88 0.90 0.88 504 18.8 -0.12
18.30 18.50 13.73 10 18.4 0.88 697.00 0.93 0.94 0.98 1353 18.4 -0.12
17.42 17.55 16.86 30 18.1 0.87 698.00 1.07 1.08 1.06 514 18.4 -0.14
16.22 16.48 14.69 8 16.6 0.87 699.00 1.17 1.19 1.14 407 18.2 -0.15
15.42 15.54 15.31 1085 16.5 0.86 700.00 1.29 1.30 1.26 5167 17.9 -0.16
14.34 14.61 14.25 1082 15.7 0.85 701.00 1.37 1.39 1.38 1862 17.5 -0.17
13.65 14.02 13.32 4911 16.6 0.82 702.00 1.55 1.57 1.49 655 17.5 -0.19
12.97 13.12 12.41 523 16.7 0.80 703.00 1.67 1.68 1.68 873 17.1 -0.21
12.10 12.35 11.77 684 16.5 0.78 704.00 1.83 1.85 1.89 4424 16.9 -0.22
11.42 11.58 11.42 2194 16.7 0.76 705.00 2.00 2.07 2.02 3042 16.7 -0.24
10.61 10.76 10.37 319 16.4 0.74 706.00 2.26 2.27 2.27 731 16.6 -0.27
9.74 9.88 9.44 211 15.8 0.72 707.00 2.47 2.48 2.52 2353 16.3 -0.29
8.84 9.18 9.11 435 15.5 0.70 708.00 2.63 2.73 2.69 1162 16.0 -0.31
8.08 8.35 7.76 1213 15.1 0.67 709.00 2.90 2.94 2.97 1931 15.7 -0.33
7.45 7.63 7.53 3117 15.0 0.64 710.00 3.20 3.22 3.27 5252 15.5 -0.36
6.80 6.87 7.04 2275 14.8 0.61 711.00 3.60 3.62 3.53 2530 15.5 -0.39
6.10 6.24 6.15 1524 14.5 0.58 712.00 3.81 3.85 3.81 1477 14.9 -0.42
5.54 5.62 5.54 2258 14.4 0.55 713.00 4.15 4.17 4.24 2816 14.6 -0.45
4.85 4.87 4.89 2492 13.9 0.52 714.00 4.69 4.72 4.74 785 14.8 -0.48
4.38 4.40 4.35 2783 13.9 0.49 715.00 5.11 5.13 4.97 1415 14.6 -0.51
3.73 3.87 3.90 1572 13.6 0.45 716.00 5.48 5.49 5.50 58 14.0 -0.55
3.26 3.27 3.43 656 13.2 0.41 717.00 6.05 6.12 6.43 388 14.1 -0.58
2.80 2.86 2.88 942 13.1 0.38 718.00 6.42 6.57 7.32 37 13.5 -0.62
2.40 2.43 2.35 706 12.9 0.34 719.00 7.13 7.21 7.69 121 13.6 -0.65
1.96 2.05 1.99 1008 12.6 0.30 720.00 7.57 7.73 8.40 2115 13.0 -0.69
1.62 1.68 1.72 3089 12.3 0.27 721.00 8.27 8.49 8.95 142 13.0 -0.72
1.30 1.37 1.40 1083 12.0 0.23 722.00 8.81 9.06 9.67 168 12.3 -0.76
1.07 1.09 1.04 440 11.8 0.20 723.00 9.92 10.06 10.32 340 13.4 -0.77
0.83 0.86 0.88 843 11.6 0.17 724.00 10.38 10.74 11.45 161 12.5 -0.82
0.60 0.62 0.66 1430 11.1 0.13 725.00 11.28 11.31 12.21 2485 12.0 -0.85
0.44 0.50 0.48 1665 11.0 0.11 726.00 12.08 12.50 13.05 40 12.7 -0.86
0.32 0.33 0.32 355 10.6 0.08 727.00 13.19 13.35 13.91 11 13.3 -0.87
0.22 0.23 0.28 2240 10.3 0.06 728.00 13.70 13.88 14.97 4 10.8 -0.93
0.16 0.17 0.17 156 10.2 0.05 729.00 14.65 15.53 15.97 2 13.7 -0.89
0.10 0.15 0.12 808 10.2 0.04 730.00 15.79 16.49 16.82 2 14.7 -0.89
0.11 0.12 0.08 311 10.6 0.03 731.00 16.67 18.21 17.85 4 17.2 -0.87
0.05 0.06 0.08 575 9.9 0.02 732.00 17.84 18.07 18.75 4 14.7 -0.92
0.03 0.08 0.06 113 10.4 0.02 733.00 18.32 19.38 19.83 4 14.4 -0.94
0.06 0.07 0.04 51 11.1 0.02 734.00 19.12 20.05 11.3 -0.98
0.05 0.06 0.03 244 11.3 0.02 735.00 20.82 21.90 24.79 4 19.5 -0.89
0.01 0.02 0.06 244 10.0 0.01 736.00 21.68 22.71 22.84 2 19.0 -0.91
0.04 0.05 0.02 96 11.9 0.01 737.00 22.57 23.23 23.94 2 17.2 -0.94
0.04 0.05 0.03 40 12.3 0.01 738.00 23.22 24.60 24.75 2 17.9 -0.94
0.01 0.02 0.02 146 11.2 0.01 739.00 24.51 24.95 16.4 -0.96
0.01 0.02 0.04 18 11.6 0.00 740.00 25.24 25.91 13.9 -0.98
0.01 0.02 12.0 0.00 741.00 26.58 27.56 21.1 -0.93
0.01 0.04 13.1 0.01 742.00 27.60 28.80 22.9 -0.92
0.03 0.04 14.1 0.01 743.00 28.04 28.70
0.01 0.04 0.04 36 13.9 0.01 744.00 30.01 30.83 25.8 -0.91
0.01 0.02 0.02 258 13.6 0.00 745.00 30.27 31.24 20.0 -0.96
0.01 0.04 0.02 559 14.7 0.01 746.00 31.93 33.29 28.4 -0.90
0.01 0.04 0.03 375 16.3 0.01 750.00 34.04 37.62 39.60 1 23.7 -0.96
0.00 0.03 0.02 101 755.00 39.88 42.42 30.1 -0.94
0.00 0.01 0.01 96 760.00 44.53 47.69 32.5 -0.95
0.00 0.01 0.02 149 765.00 50.57 51.76 35.8 -0.95
0.00 0.03 0.01 118 770.00 55.87 56.03 35.8 -0.96
0.00 0.01 0.03 207 775.00 58.70 61.09 65.19 3
0.00 0.03 0.01 312 780.00 65.08 68.40 71.92 1 49.7 -0.93
0.00 0.03 0.01 15 785.00 69.65 72.42 44.5 -0.96
0.00 0.03 0.03 2 790.00 74.84 78.43 54.2 -0.94
0.00 0.01 0.03 53 795.00 79.91 81.50 42.8 -0.98
0.00 0.03 0.01 1 800.00 86.55 86.72 59.5 -0.94
0.00 0.03 805.00 91.50 92.57 66.1 -0.93
0.00 0.01 810.00 95.21 96.50 53.1 -0.98
0.00 0.01 0.01 153 815.00 101.26 102.43 69.4 -0.94
0.00 0.01 0.02 638 820.00 102.96 105.47
0.00 0.01 0.01 428 825.00 112.05 114.24 86.2 -0.92
0.00 0.03 830.00 113.42 117.01
0.00 0.01 835.00 121.07 123.26 82.8 -0.94
0.00 0.03 840.00 124.81 128.93 82.1 -0.95
0.00 0.03 845.00 131.36 134.40 94.5 -0.93
0.00 0.03 850.00 135.87 139.18 93.8 -0.94
0.00 0.03 855.00 142.32 143.06 97.8 -0.93
0.00 0.01 860.00 145.07 147.96 86.8 -0.96
0.00 0.01 865.00 151.77 154.66 107.5 -0.93
0.00 0.03 870.00 156.45 158.63 103.6 -0.94
0.00 0.03 875.00 162.59 164.84
0.00 0.01 880.00 167.30 169.84
0.00 0.01 885.00 171.67 173.09
0.00 0.03 890.00 177.85 180.03
0.00 0.03 895.00 183.04 185.22
0.00 0.03 900.00 187.76 189.62
0.00 0.03 905.00 189.48 194.94
0.00 0.01 910.00 198.20 198.87
0.00 0.03 915.00 198.29 201.96
0.00 0.01 920.00 208.34 210.50
0.00 0.01 925.00 209.53 214.12
0.00 0.01 930.00 211.31 213.34
0.00 0.03 935.00 216.04 225.38
0.00 0.03 940.00 224.00 229.12
0.00 0.01 945.00 226.87 235.62 242.60 1
0.00 0.03 950.00 238.04 240.57 247.58 2

About SPDR S&P 500 ETF Options

SPY tracks the S&P 500 index, representing the 500 largest US companies. The most liquid options market in the world with daily (0DTE) expirations available.

SPY options are the gold standard for options traders — deepest liquidity, tightest spreads, and available in daily expirations for 0DTE strategies. Perfect for index hedging and income strategies.

How to Read the SPY Option Chain

Each row above is one strike price. Calls (right to buy SPY) sit on the left; puts (right to sell) sit on the right. For both sides you see the bid, ask, last traded price, volume, implied volatility (IV%) and delta (Δ). The highlighted row is the at-the-money strike — the one closest to the current SPY price of $714.08.

Bid/ask is what buyers are willing to pay and what sellers want; the midpoint is a fair estimate of the option's value. Last is the most recent trade. IV% is the market's implied forecast of SPY's future price movement — higher IV means pricier premiums. Delta roughly equals how much the option price moves per $1 change in SPY.

Frequently Asked Questions

What is the SPY option chain?

The SPY option chain is the complete list of call and put options available on SPDR S&P 500 ETF for every strike price and expiration date. Each row shows the bid/ask, last trade, volume, open interest, implied volatility, and Greeks (delta, gamma, theta, vega) for one contract.

How often is this SPY option chain updated?

Quotes, Greeks, and implied volatility refresh every 30 seconds during US market hours (9:30am to 4:00pm ET, Monday to Friday). Outside market hours the page refreshes once per hour. The timestamp in the header shows exactly when the data was last updated.

Where does SPY options data come from?

Options data is sourced from Alpaca's OPRA-backed market feed. Implied volatility and Greeks are computed using Black-Scholes-Merton pricing with a continuous dividend yield for SPDR S&P 500 ETF.

How do I read an option chain?

Each row is a strike price. Call options (right to buy) are on the left, put options (right to sell) are on the right. For each side you see the bid (what buyers will pay), ask (what sellers want), last (last traded price), and Greeks. The ATM strike is highlighted — it is closest to the current SPY price.

What are the Greeks in the SPY option chain?

Delta measures how much the option price changes per $1 move in SPY. Gamma is the rate of change of delta. Theta is daily time decay (negative for long options). Vega is sensitivity to implied-volatility changes. These appear per strike in the table above.

Why trade SPY options?

SPY options are the gold standard for options traders — deepest liquidity, tightest spreads, and available in daily expirations for 0DTE strategies. Perfect for index hedging and income strategies.

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