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.

$713.72
Last updated: · auto-refresh in 30s
Calls
Strike
Puts
BidAskLastVolIV%Δ Strike BidAskLastVolIV%Δ
209.50 211.39 500.00 0.00 0.03 0.01 10
209.91 210.57 505.00 0.00 0.03 0.02 120
199.24 203.78 510.00 0.00 0.01
198.95 199.07 515.00 0.00 0.01 0.04 30
195.55 198.13 520.00 0.00 0.01 0.01 100
186.39 191.70 525.00 0.00 0.03 0.02 90
184.75 187.33 179.34 2 530.00 0.00 0.03
176.45 179.97 174.77 4 535.00 0.00 0.01
174.19 176.79 169.82 6 540.00 0.00 0.03 0.03 40
168.06 169.02 545.00 0.00 0.03 0.01 5
162.82 164.87 550.00 0.00 0.03 0.01 11
158.25 160.85 154.37 2 555.00 0.00 0.01 0.07 10
154.75 157.34 560.00 0.00 0.03 0.01 6
149.34 152.93 565.00 0.00 0.03 0.03 23
140.22 146.48 570.00 0.00 0.01 0.02 3
135.96 140.13 575.00 0.00 0.03 0.02 8
133.39 133.78 580.00 0.00 0.03 0.01 5
125.50 128.00 585.00 0.00 0.01 0.01 13
121.04 127.35 82.5 0.99 590.00 0.00 0.01 0.01 5
116.79 119.77 595.00 0.00 0.01 0.01 87
111.67 114.17 600.00 0.00 0.01 0.03 160
109.10 111.66 97.1 0.95 605.00 0.00 0.03 0.03 5
100.91 104.46 610.00 0.00 0.03 0.01 346
99.35 101.99 92.8 0.94 615.00 0.03 0.04 0.02 6 52.2 -0.00
90.87 95.28 620.00 0.01 0.02 0.03 54 45.8 -0.00
87.70 89.92 625.00 0.03 0.04 0.03 15 47.1 -0.00
83.44 84.71 80.30 43 51.9 0.99 630.00 0.01 0.02 0.01 30 41.1 -0.00
77.07 80.87 40.6 1.00 635.00 0.01 0.04 0.01 6 40.6 -0.00
72.76 76.29 57.9 0.97 640.00 0.01 0.05 0.02 200 38.8 -0.00
70.83 73.52 59.44 40 641.00 0.01 0.05 0.08 93 38.3 -0.00
70.26 72.81 67.83 43 642.00 0.04 0.05 0.07 26 39.5 -0.00
68.90 71.24 643.00 0.01 0.02 0.14 178 34.9 -0.00
68.57 69.88 68.47 2 644.00 0.04 0.05 0.02 1 38.5 -0.00
67.35 70.66 38.9 0.99 645.00 0.01 0.02 0.03 1 33.9 -0.00
67.19 70.49 66.07 1 58.5 0.95 646.00 0.01 0.02 0.06 60 33.5 -0.00
66.57 67.51 40.0 0.99 647.00 0.01 0.02 0.04 244 33.0 -0.00
63.47 67.83 648.00 0.01 0.06 0.04 1 35.4 -0.00
63.11 64.82 58.58 2 649.00 0.05 0.06 0.02 100 36.7 -0.01
61.83 64.42 63.16 10 650.00 0.05 0.06 0.05 13 36.2 -0.01
60.50 64.78 51.01 238 651.00 0.01 0.02 0.03 189 31.1 -0.00
59.41 61.89 57.60 1 652.00 0.05 0.06 0.05 438 35.1 -0.01
60.31 61.98 56.14 4 40.8 0.98 653.00 0.01 0.06 0.06 56 32.9 -0.00
58.30 60.14 55.16 4 654.00 0.05 0.06 0.04 128 34.1 -0.01
56.86 61.03 55.64 10 655.00 0.06 0.07 0.05 101 34.2 -0.01
56.33 59.10 52.52 1 656.00 0.06 0.07 0.04 112 33.7 -0.01
55.07 58.34 55.86 10 657.00 0.02 0.03 0.06 4 29.8 -0.00
55.31 56.08 55.89 1 658.00 0.02 0.07 0.06 1 31.2 -0.01
53.98 56.32 52.76 1 37.2 0.98 659.00 0.06 0.07 0.03 6 32.1 -0.01
53.01 55.92 50.39 8 43.1 0.96 660.00 0.02 0.07 0.06 50 30.2 -0.01
51.56 53.53 48.46 1 661.00 0.03 0.08 0.06 5 30.4 -0.01
50.23 52.72 49.04 9 662.00 0.07 0.08 0.06 10 31.0 -0.01
48.51 51.92 48.96 11 663.00 0.03 0.04 0.07 2 27.8 -0.01
49.11 51.50 46.13 3 37.6 0.97 664.00 0.07 0.08 0.04 2 29.9 -0.01
47.17 49.88 48.42 8 665.00 0.07 0.08 0.07 3 29.4 -0.01
46.24 48.30 45.97 12 666.00 0.08 0.09 0.05 350 29.3 -0.01
45.32 48.95 43.65 3 31.9 0.98 667.00 0.08 0.09 0.06 1 28.8 -0.01
44.67 46.75 44.99 11 668.00 0.08 0.09 0.08 5 28.2 -0.01
44.34 46.80 43.26 14 38.3 0.95 669.00 0.09 0.10 0.07 32 28.1 -0.01
43.26 44.27 43.91 2 670.00 0.09 0.10 0.09 71 27.5 -0.01
40.88 44.49 41.75 9 671.00 0.05 0.06 0.06 19 25.1 -0.01
40.68 42.94 38.93 10 672.00 0.10 0.11 0.10 94 26.8 -0.01
39.00 42.60 673.00 0.06 0.11 0.09 46 25.4 -0.01
39.09 41.55 36.73 1 31.3 0.96 674.00 0.10 0.11 0.11 140 25.6 -0.02
38.16 40.54 37.63 12 31.1 0.96 675.00 0.11 0.12 0.11 365 25.4 -0.02
36.55 38.75 35.57 1 676.00 0.08 0.13 0.09 486 24.5 -0.02
35.28 37.81 34.10 2 677.00 0.08 0.13 0.12 441 23.9 -0.02
34.76 37.98 29.38 2 29.4 0.96 678.00 0.09 0.10 0.11 391 23.0 -0.02
35.29 35.99 34.40 5 31.9 0.94 679.00 0.10 0.11 0.13 180 22.8 -0.02
33.91 34.44 30.91 2 24.8 0.97 680.00 0.11 0.16 0.15 1707 23.1 -0.02
32.34 32.62 32.71 7 681.00 0.16 0.17 0.17 1967 23.2 -0.03
32.03 32.05 32.06 20 20.1 0.99 682.00 0.13 0.18 0.17 543 22.4 -0.02
30.93 31.06 25.73 5 17.4 0.99 683.00 0.19 0.20 0.19 267 22.6 -0.03
30.10 30.23 24.56 4 22.1 0.97 684.00 0.16 0.17 0.20 339 21.4 -0.03
28.56 29.54 26.87 1 18.7 0.98 685.00 0.18 0.19 0.22 1312 21.2 -0.03
27.39 27.51 27.73 5 686.00 0.20 0.25 0.24 326 21.3 -0.04
26.44 27.61 27.08 13 16.7 0.99 687.00 0.21 0.26 0.23 892 20.8 -0.04
26.39 26.59 25.85 10 23.8 0.93 688.00 0.28 0.29 0.30 702 20.9 -0.04
25.39 25.52 24.92 5 22.7 0.93 689.00 0.30 0.31 0.28 233 20.5 -0.05
24.50 24.63 23.96 174 23.0 0.92 690.00 0.29 0.34 0.32 3269 20.0 -0.05
23.34 23.48 21.33 16 20.8 0.94 691.00 0.36 0.37 0.37 482 19.9 -0.06
21.80 21.98 19.78 9 692.00 0.40 0.41 0.37 2108 19.7 -0.06
20.99 21.41 21.18 21 16.8 0.96 693.00 0.40 0.45 0.41 439 19.1 -0.07
20.54 20.67 19.89 126 20.3 0.91 694.00 0.49 0.50 0.46 375 19.1 -0.08
19.59 19.72 19.55 402 20.0 0.90 695.00 0.54 0.55 0.54 2683 18.8 -0.08
18.52 18.79 18.37 639 19.2 0.90 696.00 0.59 0.60 0.61 552 18.5 -0.09
17.35 17.37 17.43 7 15.9 0.93 697.00 0.66 0.67 0.67 4054 18.2 -0.10
16.21 16.24 16.77 1470 13.8 0.94 698.00 0.73 0.74 0.75 1070 17.9 -0.11
15.55 15.81 15.73 584 16.9 0.89 699.00 0.81 0.82 0.79 471 17.7 -0.12
14.66 14.79 14.87 1654 16.4 0.88 700.00 0.90 0.91 0.88 5901 17.4 -0.14
13.80 13.93 13.77 9995 16.4 0.86 701.00 1.00 1.01 0.96 755 17.1 -0.15
12.77 13.11 12.85 2567 16.0 0.85 702.00 1.10 1.11 1.12 1137 16.8 -0.17
12.16 12.27 11.86 668 16.5 0.82 703.00 1.18 1.23 1.25 1137 16.4 -0.18
11.05 11.08 10.57 37 14.8 0.82 704.00 1.36 1.37 1.43 730 16.2 -0.20
10.10 10.19 10.36 374 14.3 0.80 705.00 1.51 1.52 1.48 2890 15.9 -0.22
9.43 9.69 9.29 183 15.2 0.76 706.00 1.63 1.64 1.69 2613 15.4 -0.24
8.63 8.78 8.69 193 14.7 0.74 707.00 1.82 1.89 1.88 1794 15.2 -0.27
7.84 7.95 7.77 1812 14.3 0.71 708.00 2.07 2.09 2.11 13669 15.0 -0.29
7.03 7.10 6.97 2773 13.8 0.69 709.00 2.25 2.34 2.32 3358 14.6 -0.32
6.25 6.34 6.39 5488 13.4 0.66 710.00 2.56 2.59 2.58 6156 14.4 -0.35
5.71 5.73 5.70 4137 13.7 0.62 711.00 2.86 2.87 2.87 4400 14.1 -0.39
5.01 5.06 4.90 3515 13.3 0.58 712.00 3.14 3.16 3.21 2657 13.7 -0.42
4.28 4.39 4.38 4051 12.8 0.54 713.00 3.58 3.59 3.56 3279 13.6 -0.46
3.70 3.78 3.81 3584 12.6 0.50 714.00 3.94 3.99 4.00 3504 13.3 -0.50
3.19 3.21 3.04 4747 12.4 0.46 715.00 4.45 4.48 4.52 1487 13.2 -0.54
2.60 2.71 2.56 1797 12.0 0.41 716.00 4.77 4.98 5.12 1040 12.7 -0.58
2.21 2.23 2.13 1876 11.8 0.37 717.00 5.39 5.51 5.69 915 12.6 -0.62
1.76 1.77 1.73 3484 11.4 0.32 718.00 5.85 6.07 6.19 1558 12.1 -0.67
1.40 1.45 1.38 2250 11.2 0.28 719.00 6.61 6.74 6.77 399 12.1 -0.71
1.12 1.14 1.10 6791 11.0 0.24 720.00 7.20 7.51 7.68 1384 11.9 -0.75
0.86 0.87 0.87 1677 10.8 0.19 721.00 7.87 8.01 8.17 122 11.1 -0.80
0.60 0.61 0.66 2451 10.3 0.15 722.00 8.70 8.81 9.03 1575 11.1 -0.83
0.43 0.48 0.44 1987 10.2 0.12 723.00 9.45 9.67 12.86 2 10.8 -0.87
0.29 0.30 0.33 1166 9.8 0.09 724.00 10.39 10.75 11.17 3931 11.7 -0.87
0.24 0.25 0.23 4110 10.1 0.07 725.00 11.60 11.66 11.92 416 12.9 -0.87
0.13 0.18 0.18 973 9.7 0.05 726.00 12.22 12.63 20.00 1 12.2 -0.90
0.08 0.13 0.12 293 9.6 0.04 727.00 13.03 13.45 21.55 2 11.2 -0.94
0.05 0.06 0.07 272 9.2 0.02 728.00 14.24 14.44 17.68 30 12.9 -0.92
0.07 0.08 0.05 462 10.2 0.03 729.00 14.88 15.87 20.50 106 13.9 -0.92
0.06 0.07 0.06 2436 10.5 0.02 730.00 16.25 16.87 18.03 124 16.2 -0.90
0.01 0.06 0.04 250 10.1 0.01 731.00 17.17 17.84 16.5 -0.91
0.01 0.06 0.05 60 10.6 0.01 732.00 17.61 18.84 25.17 2 14.3 -0.95
0.01 0.05 0.04 106 10.9 0.01 733.00 18.58 19.67 13.3 -0.97
0.04 0.05 0.04 103 12.0 0.01 734.00 20.22 20.77 18.5 -0.92
0.01 0.05 0.04 3 11.9 0.01 735.00 21.24 22.08 20.6 -0.91
0.01 0.04 0.02 7 12.1 0.01 736.00 21.69 22.52 14.6 -0.98
0.01 0.02 0.03 13 11.8 0.01 737.00 22.87 23.41 15.9 -0.97
0.01 0.02 0.02 54 12.3 0.01 738.00 23.50 24.87 17.3 -0.97
0.01 0.02 0.01 1 12.7 0.01 739.00 24.52 25.73 16.7 -0.97
0.03 0.04 0.03 1292 14.6 0.01 740.00 24.46 26.53
0.03 0.04 0.03 2 15.0 0.01 741.00 27.31 27.70 23.4 -0.93
0.01 0.04 14.9 0.01 742.00 28.07 28.43 20.8 -0.96
0.01 0.04 15.3 0.01 743.00 29.39 30.21 27.5 -0.91
0.01 0.02 0.03 160 14.9 0.00 744.00 29.67 30.21
0.03 0.04 0.03 125 16.9 0.01 745.00 31.25 31.72 25.7 -0.94
0.03 0.04 0.01 1000 17.4 0.01 746.00 32.47 33.26 30.1 -0.92
0.03 0.04 0.01 74 19.2 0.01 750.00 34.40 37.25 54.27 2
0.00 0.01 0.01 362 755.00 40.06 42.55 29.3 -0.96
0.00 0.03 0.01 73 760.00 44.27 48.62 34.4 -0.96
0.00 0.03 0.01 1 765.00 50.13 52.31 33.1 -0.98
0.00 0.03 0.03 1 770.00 54.65 57.89 36.9 -0.97
0.00 0.03 0.01 5 775.00 60.55 63.66 51.4 -0.93
0.00 0.03 780.00 66.07 67.16 48.5 -0.96
0.00 0.01 0.01 14 785.00 69.63 71.64
0.00 0.03 0.03 50 790.00 74.31 77.32
0.00 0.03 795.00 80.93 81.23 42.9 -0.99
0.00 0.03 800.00 86.08 88.09 66.2 -0.95
0.00 0.03 805.00 91.30 92.71 68.0 -0.95
0.00 0.03 0.01 100 810.00 93.51 97.28
0.00 0.03 0.01 103 815.00 100.02 104.12 74.5 -0.95
0.00 0.01 820.00 106.27 108.86 83.2 -0.94
0.00 0.01 0.01 56 825.00 109.37 114.14 75.1 -0.96
0.00 0.01 830.00 117.10 119.89 98.3 -0.92
0.00 0.03 835.00 121.08 125.05 97.1 -0.93
0.00 0.01 840.00 126.13 128.80 93.2 -0.95
0.00 0.01 845.00 129.66 131.65
0.00 0.01 850.00 132.98 138.33
0.00 0.01 855.00 138.34 142.36
0.00 0.03 860.00 146.69 148.50
0.00 0.03 865.00 148.08 152.36
0.00 0.03 870.00 157.54 160.14
0.00 0.03 875.00 163.14 165.74
0.00 0.01 880.00 166.23 168.83
0.00 0.03 885.00 171.75 175.32
0.00 0.03 890.00 174.81 178.82
0.00 0.03 895.00 176.99 185.94
0.00 0.03 900.00 184.62 186.99
0.00 0.01 905.00 189.44 191.10
0.00 0.03 910.00 197.55 201.43
0.00 0.01 915.00 202.27 203.49
0.00 0.01 920.00 201.48 209.68
0.00 0.01 925.00 212.33 214.92
0.00 0.03 930.00 216.02 218.66
0.00 0.01 935.00 224.33 225.18
0.00 0.01 940.00 228.12 231.30
0.00 0.03 945.00 231.67 234.31
0.00 0.03 950.00 233.73 238.99

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 $713.72.

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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