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SPY Options Chain – 2026-03-25

Detailed SPY options chain for 2026-03-25 – real-time call and put contracts with last price, bid/ask, volume, open interest, implied volatility, and in-the-money status.

Tip: Use this page together with the price chart, short-term prediction, and multi-expiry options overview to build a complete view of positioning and risk for SPY.

Options Analytics Short-Term Forecast Short Interest Report

SPY Call Options — 2026-03-25 Expiration

This page focuses on a single options expiration date for SPY – 2026-03-25 – and lists every available call and put contract in a clean chain view. Each row shows the contract symbol, last trade, bid/ask quotes, daily change, percentage change, trading volume, open interest, implied volatility (IV), and whether the option is currently in-the-money (ITM).

Traders often use a specific expiry’s options chain to identify key strike levels, unusual activity, and risk hedging behavior. High open interest around certain strikes or sudden spikes in volume can reveal where large traders and market makers are concentrating their positions for SPY into 2026-03-25.

This SPY 2026-03-25 options chain provides a complete strike-by-strike breakdown of pricing, liquidity and volatility. By comparing changes in volume, open interest distribution and IV across calls and puts, traders can understand where the market is positioning ahead of this specific expiration date.

SPY Call Options — 2026-03-25 Expiration

The table below shows all call options on SPY expiring on 2026-03-25. You can quickly compare strikes, pricing, liquidity (volume and open interest), and implied volatility to spot popular strike zones and potential directional bets.

Contract Strike Last Bid Ask Volume Open Int. Implied Vol ITM
SPY 260325C00665000 665.00 0.02 0.02 0.03 76256 18908 12.11%
SPY 260325C00662000 662.00 0.11 0.11 0.12 128465 11986 11.13%
SPY 260325C00660000 660.00 0.35 0.35 0.36 286559 11922 11.26%
SPY 260325C00659000 659.00 0.57 0.58 0.59 210777 11054 11.45%
SPY 260325C00664000 664.00 0.04 0.03 0.04 77260 8660 11.43%
SPY 260325C00658000 658.00 0.92 0.91 0.92 211886 8528 11.74%
SPY 260325C00661000 661.00 0.19 0.19 0.2 154805 8257 10.99%
SPY 260325C00653000 653.00 4.22 4.21 4.24 12817 7380 15.85% YES
SPY 260325C00690000 690.00 0.01 0 0.01 60 6878 34.38%
SPY 260325C00670000 670.00 0.01 0.01 0.02 8281 6400 16.99%
SPY 260325C00655000 655.00 2.73 2.71 2.73 41125 6100 14.48% YES
SPY 260325C00657000 657.00 1.38 1.38 1.39 142425 5874 12.37%
SPY 260325C00685000 685.00 0.01 0 0.01 6 5787 29.69%
SPY 260325C00663000 663.00 0.05 0.06 0.07 142419 5606 11.28%
SPY 260325C00656000 656.00 1.91 1.9 1.91 66530 5088 12.62% YES
SPY 260325C00672000 672.00 0.01 0.01 0.02 4001 4802 19.14%
SPY 260325C00654000 654.00 3.44 3.42 3.43 22898 4351 14.94% YES
SPY 260325C00666000 666.00 0.02 0.02 0.03 36743 4253 13.28%
SPY 260325C00691000 691.00 0.01 0 0.01 1 4119 35.16%
SPY 260325C00667000 667.00 0.02 0.02 0.03 23716 4101 14.45%
SPY 260325C00668000 668.00 0.02 0.01 0.02 23778 4033 14.84%
SPY 260325C00652000 652.00 5 4.94 4.98 6270 3839 15.64% YES
SPY 260325C00674000 674.00 0.01 0 0.01 3167 3613 19.53%
SPY 260325C00650000 650.00 6.77 6.81 6.85 7090 3582 18.21% YES
SPY 260325C00669000 669.00 0.02 0.01 0.02 13999 3579 15.82%
SPY 260325C00680000 680.00 0.01 0 0.01 506 3473 25.00%
SPY 260325C00678000 678.00 0.01 0 0.01 1941 3278 23.44%
SPY 260325C00651000 651.00 5.86 5.87 5.91 3996 3229 16.97% YES
SPY 260325C00673000 673.00 0.01 0 0.01 1972 3186 18.36%
SPY 260325C00692000 692.00 0.01 0 0.01 5 3069 35.94%
SPY 260325C00671000 671.00 0.01 0.01 0.02 5736 3064 17.97%
SPY 260325C00675000 675.00 0.01 0 0.01 4625 2658 20.31%
SPY 260325C00679000 679.00 0.01 0 0.01 32 2581 24.22%
SPY 260325C00677000 677.00 0.01 0 0.01 5400 2459 22.27%
SPY 260325C00689000 689.00 0.01 0 0.01 9 2315 33.59%
SPY 260325C00687000 687.00 0.01 0 0.01 524 2217 31.64%
SPY 260325C00681000 681.00 0.01 0 0.01 6 2072 26.17%
SPY 260325C00705000 705.00 0.01 0 0.01 1 1749 47.66%
SPY 260325C00688000 688.00 0.01 0 0.01 12 1747 32.81%
SPY 260325C00676000 676.00 0.01 0 0.01 2668 1703 21.49%
SPY 260325C00740000 740.00 0.01 0 0.01 0 1503 71.88%
SPY 260325C00683000 683.00 0.01 0 0.01 13 1500 28.13%
SPY 260325C00682000 682.00 0.01 0 0.01 3 1400 27.34%
SPY 260325C00684000 684.00 0.01 0 0.01 5 1360 28.91%
SPY 260325C00711000 711.00 0.01 0 0.01 1 1239 50.00%
SPY 260325C00770000 770.00 0.01 0 0.01 0 1225 93.75%
SPY 260325C00693000 693.00 0.01 0 0.01 20 1146 36.72%
SPY 260325C00695000 695.00 0.01 0 0.01 3 1142 39.06%
SPY 260325C00700000 700.00 0.01 0 0.01 13 1028 42.97%
SPY 260325C00686000 686.00 0.01 0 0.01 4 852 30.86%
SPY 260325C00694000 694.00 0.01 0 0.01 1 833 38.28%
SPY 260325C00644000 644.00 13.16 12.69 12.92 133 824 30.13% YES
SPY 260325C00696000 696.00 0.01 0 0.01 549 817 39.84%
SPY 260325C00648000 648.00 8.49 8.73 8.87 471 773 22.22% YES
SPY 260325C00710000 710.00 0.01 0 0.01 6 713 51.56%
SPY 260325C00790000 790.00 0.01 0 0.01 0 696 106.25%
SPY 260325C00706000 706.00 0.01 0 0.01 39 674 48.44%
SPY 260325C00645000 645.00 11.8 11.66 11.91 428 668 28.22% YES
SPY 260325C00704000 704.00 0.01 0 0.01 24 535 46.88%
SPY 260325C00649000 649.00 7.68 7.6 7.78 847 512 19.17% YES
SPY 260325C00647000 647.00 10.08 9.71 9.85 521 512 23.76% YES
SPY 260325C00732000 732.00 0.02 0 0.01 0 500 65.63%
SPY 260325C00697000 697.00 0.01 0 0.01 6 496 40.63%
SPY 260325C00707000 707.00 0.02 0 0.01 3 468 49.22%
SPY 260325C00780000 780.00 0.01 0 0.01 0 438 100.00%
SPY 260325C00709000 709.00 0.01 0 0.01 6 419 50.78%
SPY 260325C00701000 701.00 0.01 0 0.01 1 394 43.75%
SPY 260325C00703000 703.00 0.01 0 0.01 2 374 46.09%
SPY 260325C00810000 810.00 0.01 0 0.01 0 370 118.75%
SPY 260325C00698000 698.00 0.01 0 0.01 5 319 41.41%
SPY 260325C00714000 714.00 0.02 0 0.01 0 276 51.56%
SPY 260325C00640000 640.00 16.93 16.64 16.82 251 268 35.23% YES
SPY 260325C00733000 733.00 0.01 0 0.01 0 267 65.63%
SPY 260325C00727000 727.00 0.01 0 0.01 0 253 62.50%
SPY 260325C00708000 708.00 0.01 0 0.01 1 249 50.00%
SPY 260325C00760000 760.00 0.01 0 0.01 0 241 87.50%
SPY 260325C00641000 641.00 15.79 15.54 15.64 152 232 29.93% YES
SPY 260325C00637000 637.00 19.91 19.67 19.78 64 207 39.26% YES
SPY 260325C00646000 646.00 10.77 10.78 10.94 254 181 26.83% YES
SPY 260325C00716000 716.00 0.01 0 0.01 3 168 53.13%
SPY 260325C00642000 642.00 15.76 14.75 14.9 65 164 33.28% YES
SPY 260325C00755000 755.00 0.01 0 0.01 107 161 82.81%
SPY 260325C00639000 639.00 15.72 17.53 17.78 11 155 36.08% YES
SPY 260325C00717000 717.00 0.02 0 0.01 1 151 54.69%
SPY 260325C00765000 765.00 0.02 0 0.01 0 151 90.63%
SPY 260325C00723000 723.00 0.01 0 0.01 50 129 59.38%
SPY 260325C00699000 699.00 0.01 0 0.01 2 127 42.19%
SPY 260325C00715000 715.00 0.01 0 0.01 3 122 53.13%
SPY 260325C00638000 638.00 19.34 18.58 18.74 65 116 36.82% YES
SPY 260325C00643000 643.00 14.31 13.66 13.8 70 113 29.88% YES
SPY 260325C00713000 713.00 0.02 0 0.01 20 110 51.56%
SPY 260325C00724000 724.00 0.02 0 0.01 25 106 59.38%
SPY 260325C00630000 630.00 27.85 26.58 26.89 80 98 52.73% YES
SPY 260325C00620000 620.00 34.75 36.64 36.91 79 96 65.09% YES
SPY 260325C00725000 725.00 0.01 0 0.01 8 95 60.94%
SPY 260325C00721000 721.00 0.01 0 0.01 22 93 57.81%
SPY 260325C00720000 720.00 0.01 0 0.01 20 87 56.25%
SPY 260325C00734000 734.00 0.01 0 0.01 0 87 67.19%
SPY 260325C00635000 635.00 20 21.65 21.88 32 86 44.53% YES
SPY 260325C00722000 722.00 0.01 0 0.01 12 86 57.81%
SPY 260325C00636000 636.00 21.92 20.68 20.89 13 82 43.12% YES
SPY 260325C00712000 712.00 0.02 0 0.01 0 71 50.00%
SPY 260325C00719000 719.00 0.02 0 0.01 0 65 56.25%
SPY 260325C00718000 718.00 0.02 0 0.01 0 59 54.69%
SPY 260325C00731000 731.00 0.01 0 0.01 0 50 65.63%
SPY 260325C00610000 610.00 43.53 46.66 46.78 203 49 77.83% YES
SPY 260325C00702000 702.00 0.01 0 0.01 1 41 45.31%
SPY 260325C00785000 785.00 0.01 0 0.01 0 34 103.13%
SPY 260325C00632000 632.00 21.63 24.13 24.36 17 29 26.56% YES
SPY 260325C00633000 633.00 22.82 23.68 23.89 3 29 47.97% YES
SPY 260325C00735000 735.00 0.01 0 0.01 0 26 68.75%
SPY 260325C00600000 600.00 56.84 56.66 56.78 25 23 92.19% YES
SPY 260325C00736000 736.00 0.01 0 0.01 0 20 68.75%
SPY 260325C00750000 750.00 0.01 0 0.01 1 16 78.13%
SPY 260325C00730000 730.00 0.01 0 0.01 14 16 64.06%
SPY 260325C00626000 626.00 29.63 30.64 30.9 2 15 55.96% YES
SPY 260325C00805000 805.00 0.01 0 0.01 0 15 115.63%
SPY 260325C00628000 628.00 31.36 28.15 28.54 1 13 45.51% YES
SPY 260325C00634000 634.00 22.87 22.64 22.87 13 13 45.95% YES
SPY 260325C00738000 738.00 0.01 0 0.01 0 12 70.31%
SPY 260325C00950000 950.00 0.01 0 0.01 2 10 200.00%
SPY 260325C00623000 623.00 32.12 33.1 33.91 8 10 50.49% YES
SPY 260325C00631000 631.00 24.91 25.63 25.91 6 9 51.61% YES
SPY 260325C00627000 627.00 29.86 29.07 29.67 10 9 51.56% YES
SPY 260325C00739000 739.00 0.01 0 0.01 0 9 71.88%
SPY 260325C00625000 625.00 32.45 31.63 31.91 7 8 57.47% YES
SPY 260325C00619000 619.00 36.32 37.63 37.91 15 7 66.41% YES
SPY 260325C00629000 629.00 27.77 27.63 27.88 46 7 51.03% YES
SPY 260325C00622000 622.00 33.11 34.08 34.53 2 5 53.13% YES
SPY 260325C00624000 624.00 35.68 32.63 32.91 1 4 58.98% YES
SPY 260325C00621000 621.00 36.19 35.74 35.88 2 2 64.60% YES
SPY 260325C00728000 728.00 0.01 0 0.01 0 1 62.50%
SPY 260325C00525000 525.00 146.44 130.3 133.1 0 0 199.02% YES
SPY 260325C00585000 585.00 71.53 70.3 73.09 0 0 112.21% YES
SPY 260325C00595000 595.00 61.86 60.17 62.94 0 0 90.33% YES
SPY 260325C00550000 550.00 114.63 105.15 107.91 2 0 148.05% YES

SPY Put Options Chain – 2026-03-25

The table below lists all put options on SPY expiring on 2026-03-25. Use it to track downside protection demand, hedge activity, and deep out-of-the-money puts that may indicate tail-risk hedging or speculation.

Contract Strike Last Bid Ask Volume Open Int. Implied Vol ITM
SPY 260325P00615000 615.00 0.01 0 0.01 1599 33026 43.75%
SPY 260325P00639000 639.00 0.03 0.02 0.03 10248 21265 22.46%
SPY 260325P00655000 655.00 1 1.01 1.02 205020 19891 11.72%
SPY 260325P00638000 638.00 0.03 0.02 0.03 5973 18866 23.63%
SPY 260325P00625000 625.00 0.01 0 0.01 249 12419 33.59%
SPY 260325P00645000 645.00 0.05 0.05 0.06 42234 11548 17.29%
SPY 260325P00630000 630.00 0.01 0.01 0.02 2203 10832 31.25%
SPY 260325P00640000 640.00 0.03 0.02 0.03 9887 9863 21.29%
SPY 260325P00628000 628.00 0.01 0 0.01 6286 8885 30.86%
SPY 260325P00653000 653.00 0.54 0.54 0.55 119876 8828 12.68%
SPY 260325P00633000 633.00 0.01 0.01 0.02 1126 8712 27.74%
SPY 260325P00635000 635.00 0.01 0.01 0.02 4081 8034 25.78%
SPY 260325P00647000 647.00 0.09 0.08 0.09 23382 7179 15.77%
SPY 260325P00650000 650.00 0.2 0.2 0.21 102692 6981 14.06%
SPY 260325P00632000 632.00 0.02 0.01 0.02 1251 6610 28.91%
SPY 260325P00631000 631.00 0.01 0.01 0.02 2157 6450 30.08%
SPY 260325P00636000 636.00 0.02 0.01 0.02 5610 6095 24.61%
SPY 260325P00643000 643.00 0.04 0.04 0.05 25955 6065 19.24%
SPY 260325P00646000 646.00 0.06 0.06 0.07 41918 5747 16.41%
SPY 260325P00642000 642.00 0.03 0.03 0.04 8614 5713 19.83%
SPY 260325P00620000 620.00 0.01 0 0.01 185 5586 39.06%
SPY 260325P00626000 626.00 0.01 0 0.01 4519 5439 32.81%
SPY 260325P00648000 648.00 0.11 0.1 0.11 36843 5253 14.99%
SPY 260325P00654000 654.00 0.76 0.75 0.76 140452 5110 12.28%
SPY 260325P00634000 634.00 0.02 0.01 0.02 3708 4880 26.95%
SPY 260325P00644000 644.00 0.06 0.04 0.05 29076 4583 17.97%
SPY 260325P00651000 651.00 0.27 0.26 0.27 87264 4535 13.33%
SPY 260325P00652000 652.00 0.39 0.38 0.39 73272 4482 13.04%
SPY 260325P00622000 622.00 0.01 0 0.01 113 4357 36.72%
SPY 260325P00641000 641.00 0.03 0.03 0.04 8105 4081 21.00%
SPY 260325P00637000 637.00 0.03 0.02 0.03 2737 4052 24.81%
SPY 260325P00658000 658.00 2.33 2.34 2.35 218216 3670 9.99% YES
SPY 260325P00649000 649.00 0.15 0.13 0.14 31650 3276 14.26%
SPY 260325P00629000 629.00 0.01 0.01 0.02 1120 3147 32.03%
SPY 260325P00656000 656.00 1.36 1.35 1.36 209271 3125 11.16%
SPY 260325P00660000 660.00 3.7 3.63 3.65 87836 2909 3.13% YES
SPY 260325P00600000 600.00 0.01 0 0.01 451 2444 56.25%
SPY 260325P00530000 530.00 0.01 0 0.01 1 2335 125.00%
SPY 260325P00661000 661.00 4.42 4.45 4.49 32424 2299 0.00% YES
SPY 260325P00657000 657.00 1.8 1.79 1.8 229243 2004 10.58% YES
SPY 260325P00624000 624.00 0.01 0 0.01 19 1999 35.16%
SPY 260325P00602000 602.00 0.02 0 0.01 1835 1856 53.13%
SPY 260325P00601000 601.00 0.02 0 0.01 1601 1820 54.69%
SPY 260325P00611000 611.00 0.01 0 0.01 5 1688 47.66%
SPY 260325P00621000 621.00 0.02 0 0.01 131 1681 37.89%
SPY 260325P00659000 659.00 2.82 2.97 3.01 126647 1605 9.23% YES
SPY 260325P00610000 610.00 0.01 0 0.01 15 1530 48.44%
SPY 260325P00590000 590.00 0.01 0 0.01 6 1370 65.63%
SPY 260325P00627000 627.00 0.01 0 0.01 1599 1340 32.03%
SPY 260325P00664000 664.00 7.35 7.19 7.3 9530 1331 0.00% YES
SPY 260325P00617000 617.00 0.02 0 0.01 687 1303 42.19%
SPY 260325P00669000 669.00 11.43 12.17 12.3 272 1281 0.00% YES
SPY 260325P00525000 525.00 0.01 0 0.01 2 1272 128.13%
SPY 260325P00665000 665.00 8.34 8.12 8.23 11813 1254 0.00% YES
SPY 260325P00585000 585.00 0.01 0 0.01 1 1221 68.75%
SPY 260325P00570000 570.00 0.01 0 0.01 455 1200 84.38%
SPY 260325P00575000 575.00 0.02 0 0.01 108 1189 78.13%
SPY 260325P00560000 560.00 0.01 0 0.01 2 1167 93.75%
SPY 260325P00614000 614.00 0.02 0 0.01 1084 1139 45.31%
SPY 260325P00663000 663.00 6.58 6.34 6.54 12892 1115 0.00% YES
SPY 260325P00550000 550.00 0.01 0 0.01 4 1070 103.13%
SPY 260325P00605000 605.00 0.01 0 0.01 2 950 50.00%
SPY 260325P00505000 505.00 0.01 0 0.01 1 946 150.00%
SPY 260325P00666000 666.00 8.01 9.26 9.45 3691 902 0.00% YES
SPY 260325P00580000 580.00 0.01 0 0.01 5 875 75.00%
SPY 260325P00662000 662.00 5.5 5.36 5.54 14651 871 0.00% YES
SPY 260325P00595000 595.00 0.02 0 0.01 48 865 59.38%
SPY 260325P00616000 616.00 0.02 0 0.01 539 788 42.97%
SPY 260325P00667000 667.00 10.4 10.25 10.45 1833 768 0.00% YES
SPY 260325P00668000 668.00 11.5 11.25 11.39 798 760 0.00% YES
SPY 260325P00565000 565.00 0.02 0 0.01 79 741 89.06%
SPY 260325P00623000 623.00 0.01 0 0.01 40 702 35.94%
SPY 260325P00500000 500.00 0.01 0 0.01 9 678 156.25%
SPY 260325P00671000 671.00 14.71 14.32 14.56 61 648 0.00% YES
SPY 260325P00606000 606.00 0.02 0 0.01 433 641 50.00%
SPY 260325P00607000 607.00 0.01 0 0.01 6 623 51.56%
SPY 260325P00535000 535.00 0.01 0 0.01 2 619 118.75%
SPY 260325P00670000 670.00 13.4 13.13 13.36 446 561 0.00% YES
SPY 260325P00619000 619.00 0.01 0 0.01 2 519 39.84%
SPY 260325P00555000 555.00 0.01 0 0.01 81 505 98.44%
SPY 260325P00609000 609.00 0.01 0 0.01 1 484 50.00%
SPY 260325P00618000 618.00 0.01 0 0.01 5 479 40.63%
SPY 260325P00515000 515.00 0.01 0 0.01 13 449 137.50%
SPY 260325P00612000 612.00 0.01 0 0.01 11 434 46.88%
SPY 260325P00608000 608.00 0.02 0 0.01 322 420 50.78%
SPY 260325P00510000 510.00 0.03 0 0.01 2 381 143.75%
SPY 260325P00673000 673.00 18.13 16.25 16.39 148 369 0.00% YES
SPY 260325P00613000 613.00 0.01 0 0.01 1 308 46.09%
SPY 260325P00520000 520.00 0.01 0 0.01 209 297 134.38%
SPY 260325P00604000 604.00 0.01 0 0.01 1 208 51.56%
SPY 260325P00603000 603.00 0.02 0 0.01 291 133 53.13%
SPY 260325P00545000 545.00 0.01 0 0.01 2 130 109.38%
SPY 260325P00672000 672.00 16.54 15.26 15.43 65 103 0.00% YES
SPY 260325P00540000 540.00 0.01 0 0.01 17 102 112.50%
SPY 260325P00674000 674.00 16.02 17.26 17.41 28 17 0.00% YES
SPY 260325P00675000 675.00 18.79 18.22 18.38 30 16 0.00% YES
SPY 260325P00680000 680.00 22.8 23.07 24.45 41 7 51.56% YES
SPY 260325P00690000 690.00 34.79 32.41 34.6 3 4 69.53% YES
SPY 260325P00678000 678.00 20.86 21.13 21.3 32 2 0.00% YES
SPY 260325P00676000 676.00 20.4 19.14 19.27 21 1 0.00% YES
SPY 260325P00700000 700.00 51.64 41.92 44.69 1 1 85.89% YES
SPY 260325P00689000 689.00 22.15 31.08 33.83 0 0 71.95% YES
SPY 260325P00688000 688.00 33.17 29.97 32.78 8 0 69.58% YES
SPY 260325P00687000 687.00 32.35 29.07 31.59 1 0 64.80% YES
SPY 260325P00681000 681.00 25.55 24.25 25.81 1 0 58.81% YES
SPY 260325P00695000 695.00 33.96 37.06 39.83 14 0 81.15% YES
SPY 260325P00679000 679.00 21 22.28 22.37 30 0 0.00% YES
SPY 260325P00706000 706.00 39.2 47.91 50.71 0 0 94.78% YES
SPY 260325P00677000 677.00 21.9 20.13 20.37 26 0 0.00% YES
SPY 260325P00692000 692.00 44.19 33.81 36.57 2 0 71.92% YES
SPY 260325P00682000 682.00 25.42 24.05 26.83 10 0 60.74% YES
SPY 260325P00683000 683.00 21.15 25.05 27.83 1 0 62.40% YES
SPY 260325P00684000 684.00 26.36 25.91 28.72 2 0 62.31% YES
SPY 260325P00685000 685.00 27.36 26.97 29.7 12 0 63.57% YES
SPY 260325P00686000 686.00 30 27.94 30.73 58 0 65.63% YES
SPY 260325P00693000 693.00 29.6 35.06 37.83 0 0 78.13% YES
SPY 260325P00713000 713.00 55.75 54.9 57.67 0 0 103.56% YES
SPY 260325P00714000 714.00 56.27 56.09 58.89 1 0 109.62% YES

SPY 2026-03-25 Options Chain FAQ

1. What does this SPY options chain for 2026-03-25 show?

This page displays the full SPY options chain for contracts expiring on 2026-03-25. Both call and put tables include contract symbols, last trade price, bid/ask quotes, daily change and percentage change, trading volume, open interest, implied volatility, and an in-the-money (ITM) flag. It is designed to give you a complete snapshot of how the market is pricing risk and direction for this specific expiry.

2. How can I use this SPY options chain around key events?

Around earnings, macro data releases, or company-specific news, traders often focus on a single expiration such as 2026-03-25. By monitoring changes in implied volatility, volume, and open interest for each strike, you can see where traders are concentrating their bets and hedges. Large shifts in activity on out-of-the-money calls or puts can be early signs of expected volatility or directional moves in SPY.

3. What is the difference between in-the-money and out-of-the-money options here?

The ITM column highlights whether a contract is currently in-the-money for SPY: call options are ITM when their strike is below the current stock price, while put options are ITM when their strike is above the current stock price. ITM contracts have intrinsic value, while out-of-the-money options are purely time and volatility value. This distinction helps you quickly identify which strikes are already “in the money” for this expiry.

4. How should I read implied volatility (IV) in this SPY options table?

Implied volatility reflects how much movement the market expects for SPY between now and 2026-03-25. Higher IV typically means options are more expensive and the market is pricing in larger potential moves. You can compare IV across strikes and between calls and puts to identify skew – for example, expensive downside puts may indicate demand for crash protection, while rich upside calls can signal speculative interest.

5. Can this single-expiry chain replace a full multi-expiry options overview?

No. This 2026-03-25 options chain gives a granular view for one maturity only. For a complete picture of positioning in SPY, you should also review the multi-expiry options overview where you can compare put/call ratios, total open interest and volume across different expiration dates. Combining both perspectives helps you understand whether traders are focused on very short-term moves or longer-dated themes.

6. How often is this SPY options chain for 2026-03-25 updated?

The SPY options data on this page is refreshed regularly during market hours to reflect the latest trades, mid-market quotes, and open interest updates. Intraday changes in volume, open interest, and implied volatility can provide important signals about how sentiment and risk pricing are evolving as 2026-03-25 approaches.