thetrading.tools
Interactive13,980 contracts · 4,731 active cells · daily snapshot

SPY Options Landscape

The options book has two dimensions: price and time. This map preserves both. Read across for strike concentration, down for expiration concentration, and switch layers to see whether the same structure is coming from positioning, trading, volatility or the gamma model.

Open the SPY OI dashboard and methodology →Source: Massive option-chain snapshot + our SPY close
Current landscape2026-08-21
$765.72SPY
P/C open interest
2.559
Modelled gamma
$689.44B
Max pain
$752
Model flip
01

Strike × expiration field

Modelled dealer gamma

Hover any cell for calls, puts and the exact strike/expiry combination. Click to pin it below.

Modelled short gammaModelled long gamma
02

Selected concentration

Pinned cell
$7652026-08-21 · 0 DTE
Call OI
16K
Put OI
32K
Modelled gamma
$702.82B
Weighted IV
3.8%
Read concentrations, not promises.

Large OI can influence hedging near expiration, but it is not guaranteed support or resistance. Gamma uses the same simplified dealer-side assumption as the SPY OI dashboard. Weighted IV excludes invalid or extreme vendor solver outputs.