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
216.56 218.97 500.00 0.00 0.01 0.01 450
204.49 210.27 505.00 0.00 0.03 0.01 105
199.73 203.03 510.00 0.00 0.01 0.02 204
196.77 202.05 80.9 0.99 515.00 0.00 0.01 0.01 1
195.81 198.39 520.00 0.00 0.03 0.04 100
185.02 189.46 525.00 0.00 0.03 0.01 50
181.61 183.80 530.00 0.01 0.04 60.5 -0.00
174.56 178.64 535.00 0.01 0.02 56.2 -0.00
176.12 178.56 540.00 0.01 0.02 0.02 10 54.6 -0.00
168.18 169.66 545.00 0.03 0.04 0.05 80 56.9 -0.00
162.94 166.75 77.1 0.98 550.00 0.01 0.04 0.02 30 53.5 -0.00
158.47 162.81 86.2 0.97 555.00 0.01 0.04 0.02 1 51.8 -0.00
154.34 156.84 83.0 0.97 560.00 0.03 0.04 0.02 51 51.7 -0.00
150.38 152.87 90.3 0.95 565.00 0.01 0.04 0.02 2 48.4 -0.00
144.74 147.34 82.4 0.96 570.00 0.01 0.05 0.02 20 47.5 -0.00
135.55 140.65 575.00 0.04 0.05 0.05 179 47.6 -0.00
133.47 135.89 59.6 0.98 580.00 0.01 0.05 0.07 20 44.2 -0.00
129.09 131.61 67.5 0.97 585.00 0.01 0.02 0.05 18 39.9 -0.00
121.74 127.87 57.6 0.98 590.00 0.01 0.02 0.08 2 38.4 -0.00
116.37 119.50 595.00 0.02 0.03 0.06 51 38.5 -0.00
111.33 115.39 600.00 0.02 0.03 0.05 28 36.9 -0.00
107.92 108.06 605.00 0.07 0.08 0.04 1 39.5 -0.01
101.17 105.38 610.00 0.03 0.08 0.04 2 36.5 -0.00
97.71 101.51 42.8 0.98 615.00 0.04 0.09 0.12 2 35.4 -0.00
92.20 97.13 41.8 0.98 620.00 0.09 0.10 0.09 66 35.2 -0.01
86.70 91.41 83.76 2 625.00 0.06 0.11 0.10 16 33.0 -0.01
82.60 84.54 630.00 0.07 0.08 0.09 17 30.8 -0.01
76.80 79.27 76.31 2 635.00 0.08 0.13 0.13 14 30.2 -0.01
74.11 74.29 71.43 2 640.00 0.14 0.15 0.11 19 29.7 -0.01
68.84 71.85 64.94 5 38.5 0.95 645.00 0.16 0.17 0.14 34 28.3 -0.01
61.95 65.75 61.20 3 650.00 0.14 0.15 0.17 103 26.0 -0.01
59.03 61.48 53.59 3 33.1 0.95 655.00 0.22 0.23 0.22 52 25.8 -0.02
54.14 56.06 52.41 1 29.5 0.95 660.00 0.27 0.28 0.27 24 24.6 -0.02
47.98 49.97 44.91 3 665.00 0.34 0.35 0.34 59 23.5 -0.03
47.28 49.90 43.14 1 21.4 0.98 666.00 0.36 0.37 0.34 15 23.3 -0.03
45.61 49.00 40.65 50 667.00 0.37 0.38 0.37 86 23.0 -0.03
45.36 47.98 21.7 0.97 668.00 0.35 0.40 0.39 7 22.6 -0.04
45.01 46.31 40.77 2 21.2 0.97 669.00 0.42 0.43 0.42 214 22.7 -0.04
42.58 46.38 40.89 1 17.8 0.99 670.00 0.40 0.45 0.43 792 22.3 -0.04
42.28 45.57 23.0 0.95 671.00 0.46 0.47 0.52 36 22.3 -0.04
40.68 43.68 40.35 1 672.00 0.45 0.46 0.51 184 21.7 -0.04
39.63 42.10 673.00 0.48 0.49 0.77 18 21.6 -0.05
39.78 41.09 37.23 1 15.1 0.99 674.00 0.55 0.56 0.55 17 21.7 -0.05
38.81 40.90 39.56 3 20.6 0.95 675.00 0.58 0.59 0.59 403 21.5 -0.05
36.73 39.35 676.00 0.62 0.63 0.67 55 21.4 -0.06
37.00 39.15 31.98 2 21.4 0.94 677.00 0.62 0.67 0.64 6 21.1 -0.06
35.80 38.31 20.8 0.94 678.00 0.66 0.71 0.71 44 20.9 -0.06
35.02 36.68 30.17 2 18.8 0.95 679.00 0.75 0.76 0.77 26 20.9 -0.07
34.20 35.01 33.46 11 16.0 0.97 680.00 0.80 0.81 0.77 282 20.7 -0.07
33.77 34.94 28.84 1 21.2 0.92 681.00 0.85 0.86 0.86 39 20.6 -0.08
32.84 33.33 32.78 7 19.1 0.93 682.00 0.87 0.88 0.95 73 20.2 -0.08
31.56 33.10 28.50 8 20.1 0.91 683.00 0.97 0.98 0.99 55 20.2 -0.09
30.57 31.92 24.02 2 19.1 0.92 684.00 0.99 1.01 1.04 309 19.9 -0.09
30.09 30.30 27.94 3 18.4 0.92 685.00 1.10 1.12 1.14 717 19.9 -0.10
29.16 29.39 25.93 1 18.3 0.91 686.00 1.14 1.19 1.26 48 19.7 -0.10
27.89 28.42 25.45 31 17.2 0.92 687.00 1.26 1.28 1.27 172 19.6 -0.11
27.78 27.96 25.43 1 20.0 0.88 688.00 1.35 1.37 1.37 85 19.5 -0.12
26.04 27.25 24.49 1 18.5 0.88 689.00 1.40 1.46 1.55 40 19.3 -0.12
25.96 26.15 25.81 7 19.6 0.86 690.00 1.50 1.51 1.58 594 19.0 -0.13
25.03 25.21 20.52 790 19.3 0.85 691.00 1.60 1.66 1.71 249 19.0 -0.14
24.13 24.28 20.96 1 19.1 0.85 692.00 1.71 1.72 1.84 149 18.7 -0.15
22.99 23.46 21.15 2 18.6 0.84 693.00 1.87 1.89 1.97 18 18.7 -0.16
21.75 22.14 22.02 3 17.0 0.85 694.00 1.95 2.03 2.07 271 18.5 -0.17
21.42 21.59 21.33 15 18.3 0.82 695.00 2.10 2.15 2.17 804 18.4 -0.18
20.45 20.60 19.80 20 17.8 0.82 696.00 2.23 2.30 2.32 155 18.2 -0.19
19.26 19.95 17.56 11 17.4 0.81 697.00 2.44 2.45 2.50 14 18.1 -0.20
18.88 19.09 18.72 705 17.9 0.79 698.00 2.59 2.61 2.71 105 17.9 -0.21
17.62 17.76 17.77 650 16.4 0.79 699.00 2.69 2.81 2.91 146 17.7 -0.22
17.26 17.61 16.69 1751 17.9 0.76 700.00 2.90 2.92 2.98 1256 17.5 -0.24
16.19 16.26 16.36 3134 16.6 0.76 701.00 3.17 3.19 3.26 104 17.6 -0.25
15.44 15.61 15.29 516 16.7 0.74 702.00 3.37 3.39 3.36 146 17.4 -0.27
14.58 15.11 14.76 1560 16.8 0.72 703.00 3.56 3.58 3.63 58 17.1 -0.28
13.73 14.24 12.82 3 16.4 0.71 704.00 3.71 3.83 3.94 257 16.9 -0.29
13.20 13.41 13.16 5486 16.5 0.69 705.00 4.06 4.08 4.06 719 16.9 -0.31
12.30 12.54 12.33 59 16.0 0.68 706.00 4.23 4.33 4.41 307 16.6 -0.33
11.81 11.84 11.75 47 16.1 0.66 707.00 4.47 4.63 4.63 481 16.4 -0.35
10.90 11.12 10.83 52 15.7 0.64 708.00 4.76 4.90 4.82 667 16.2 -0.36
10.27 10.40 9.97 1040 15.6 0.62 709.00 5.21 5.24 5.17 1138 16.2 -0.38
9.68 9.79 9.58 692 15.6 0.60 710.00 5.46 5.52 5.52 1427 15.9 -0.40
9.09 9.22 8.97 273 15.6 0.58 711.00 5.75 5.83 5.98 762 15.7 -0.42
8.44 8.50 8.41 723 15.3 0.56 712.00 6.12 6.29 6.21 406 15.6 -0.44
7.72 7.74 7.73 294 14.9 0.54 713.00 6.48 6.68 6.63 957 15.4 -0.46
7.03 7.14 7.20 908 14.6 0.51 714.00 7.02 7.04 7.12 386 15.3 -0.49
6.47 6.68 6.55 335 14.6 0.49 715.00 7.26 7.28 7.57 108 14.8 -0.51
6.02 6.04 6.01 539 14.4 0.47 716.00 7.90 7.92 7.99 573 15.0 -0.53
5.52 5.57 5.32 1001 14.3 0.44 717.00 8.30 8.41 8.50 6 14.8 -0.55
4.88 4.89 4.94 776 13.8 0.42 718.00 8.79 9.00 8.99 183 14.7 -0.58
4.56 4.58 4.48 775 14.0 0.40 719.00 9.05 9.22 9.40 1397 13.9 -0.60
3.98 4.10 4.02 560 13.6 0.37 720.00 9.85 10.06 9.85 5793 14.4 -0.62
3.62 3.64 3.45 436 13.5 0.34 721.00 10.30 10.38 10.41 820 13.8 -0.65
3.19 3.21 3.11 838 13.2 0.32 722.00 11.08 11.28 11.33 252 14.2 -0.67
2.77 2.86 2.78 42 13.0 0.29 723.00 11.66 11.90 11.79 647 14.0 -0.69
2.46 2.48 2.49 101 12.8 0.27 724.00 12.32 12.51 12.48 1 13.8 -0.72
2.15 2.17 2.07 370 12.7 0.25 725.00 13.13 13.26 20.73 32 13.9 -0.73
1.81 1.88 1.84 60 12.4 0.22 726.00 13.50 13.63 13.85 13 12.9 -0.77
1.54 1.60 1.58 554 12.2 0.20 727.00 14.60 14.81 13.9 -0.77
1.35 1.37 1.34 28 12.2 0.18 728.00 15.32 15.45 15.91 13 13.6 -0.80
1.14 1.15 1.08 139 12.0 0.16 729.00 15.88 15.91 18.50 1 12.6 -0.83
0.95 0.96 0.93 403 11.8 0.14 730.00 16.76 17.28 20.50 5 13.6 -0.83
0.79 0.80 0.85 167 11.6 0.12 731.00 17.77 18.00 13.6 -0.84
0.61 0.66 0.67 369 11.4 0.10 732.00 18.25 18.56 25.50 6 12.3 -0.88
0.50 0.51 0.52 322 11.2 0.08 733.00 18.85 20.48 13.9 -0.87
0.44 0.45 0.46 766 11.3 0.08 734.00 20.10 21.06 24.40 5 14.0 -0.88
0.36 0.37 0.31 760 11.2 0.06 735.00 21.48 22.70 25.00 6 16.5 -0.85
0.25 0.30 0.30 194 10.9 0.05 736.00 21.78 22.99 29.01 2 14.1 -0.90
0.20 0.25 0.22 199 10.9 0.04 737.00 22.91 23.30 13.1 -0.92
0.16 0.17 0.21 5 10.7 0.03 738.00 23.54 24.19 11.9 -0.95
0.13 0.14 0.17 131 10.7 0.03 739.00 25.10 25.54 15.2 -0.91
0.15 0.16 0.11 62 11.3 0.03 740.00 26.07 26.09 14.3 -0.93
0.04 0.05 0.08 31 10.9 0.01 745.00 30.44 32.42 18.5 -0.91
0.05 0.06 0.03 72 12.7 0.01 750.00 34.71 38.04 20.4 -0.92
0.05 0.06 0.04 1 14.2 0.01 755.00 40.21 42.58 22.6 -0.93
0.04 0.05 0.06 13 15.3 0.01 760.00 45.15 47.55 24.4 -0.93
0.01 0.05 0.02 54 16.0 0.01 765.00 51.15 52.29 28.7 -0.92
0.03 0.04 0.02 1 17.6 0.01 770.00 54.62 58.42 29.6 -0.93
0.01 0.04 0.01 13 18.3 0.00 775.00 61.12 62.65 33.9 -0.92
0.03 0.04 0.03 2 20.3 0.00 780.00 66.07 67.48 35.2 -0.93
0.03 0.04 0.01 2 21.6 0.00 785.00 70.07 74.06 39.0 -0.92
0.00 0.01 0.01 1088 790.00 75.50 78.45 40.4 -0.93
0.00 0.03 0.01 496 795.00 81.52 83.97 46.8 -0.91
0.00 0.01 0.01 496 800.00 84.42 89.10 42.9 -0.94
0.00 0.03 0.02 1631 805.00 89.50 91.59 27.6 -1.00
0.00 0.01 0.03 462 810.00 95.68 98.55 49.0 -0.93
0.00 0.03 0.01 1902 815.00 99.15 102.18 35.1 -0.99
0.00 0.01 820.00 105.93 108.44 53.2 -0.94
0.00 0.01 0.02 1 825.00 110.33 110.59
0.00 0.01 830.00 116.56 117.43 55.5 -0.94
0.00 0.03 835.00 121.15 121.17 49.5 -0.97
0.00 0.03 840.00 124.71 127.99 53.3 -0.96
0.00 0.03 845.00 131.12 131.93 56.7 -0.96
0.00 0.01 850.00 136.97 137.78 65.3 -0.94
0.00 0.01 855.00 142.94 145.41 77.8 -0.91
0.00 0.03 860.00 147.93 148.01 72.8 -0.93
0.00 0.03 865.00 152.52 154.99 79.3 -0.92
0.00 0.03 870.00 158.03 158.33 77.7 -0.93
0.00 0.03 875.00 158.05 165.86 70.4 -0.95
0.00 0.01 880.00 164.04 167.35 55.0 -0.99
0.00 0.03 885.00 170.47 171.11 58.7 -0.98
0.00 0.01 890.00 172.31 174.35
0.00 0.01 895.00 178.43 180.56
0.00 0.03 900.00 187.19 190.40 91.8 -0.93
0.00 0.01 905.00 191.38 193.84 85.4 -0.95
0.00 0.03 910.00 198.03 200.50 97.9 -0.92
0.00 0.01 915.00 204.14 206.60 105.6 -0.91
0.00 0.01 920.00 201.73 210.89 77.2 -0.97
0.00 0.03 925.00 206.77 215.72 77.8 -0.97
0.00 0.01 930.00 214.78 219.14 87.5 -0.96
0.00 0.03 935.00 220.77 225.50
0.00 0.03 940.00 221.61 224.89
0.00 0.03 945.00 229.96 236.22 101.5 -0.94
0.00 0.01 950.00 232.93 240.96 93.1 -0.96

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.

Related Option Chains