05.06.22 | Mid-day Analysis of Options Activity on SPY

At 1:15, these values represented options trading on $SPY for all May and June contracts > 100 in quantity and > $5 in price.

Lower subgraphs – total volume puts traded (May and June)

In the upper graphic, we see options volume at various price levels.   Gray histograms are calls; black are puts.

If we focus on puts … we see insurance puts dominating at 410 and 388.

Opinion is mixed at 400 but puts sold exceed those bought by 25%.