SPY Put/Call Ratio
SPY $766.28 · Updated Oct 26, 4:00 PM ET
Across every listed SPY expiration, the put/call ratio is 1.54 by volume and 2.54 by open interest. More puts than calls are trading, a defensive tilt. 10,248,158 puts and 4,042,027 calls are open in total.
P/C VOLUME
1.54
All expirations
P/C OPEN INTEREST
2.54
All expirations
PUT VOLUME
1,733,021
CALL VOLUME
1,123,038
BY EXPIRATION
| Expiration | DTE | P/C vol | P/C OI | Put vol | Call vol |
|---|---|---|---|---|---|
| Oct 27, 2026 | 1 | 1.07 | 1.75 | 554,539 | 517,686 |
| Oct 28, 2026 | 2 | 0.91 | 1.62 | 125,445 | 137,739 |
| Oct 29, 2026 | 3 | 2.21 | 2.11 | 81,015 | 36,626 |
| Oct 30, 2026 | 4 | 2.20 | 2.69 | 379,751 | 172,245 |
| Nov 2, 2026 | 7 | 1.10 | 1.48 | 32,096 | 29,210 |
| Nov 3, 2026 | 8 | 1.10 | 1.53 | 8,759 | 7,998 |
| Nov 4, 2026 | 9 | 2.81 | 1.59 | 13,458 | 4,789 |
| Nov 5, 2026 | 10 | 0.37 | 1.03 | 6,137 | 16,437 |
| Nov 6, 2026 | 11 | 2.68 | 2.41 | 95,365 | 35,531 |
| Nov 9, 2026 | 14 | 1.45 | n/a | 6,057 | 4,178 |
| Nov 13, 2026 | 18 | 2.06 | 1.35 | 37,319 | 18,147 |
| Nov 20, 2026 | 25 | 4.58 | 4.93 | 247,994 | 54,118 |
How this is calculated: Put/Call Ratio methodology