Today's Market Sentiment for SPX:
SPX option order flow sentiment is an in-depth analysis of option trades to gain valuable insights into whether traders are wagering bullish or bearish bets in SPX index on-balance. By interpreting if people are buying or selling SPX options, we can convert the options volume into an equivalent number of SPX "shares" bought or sold.
ORDER FLOW ON-BALANCE
Net Option Delta Volume Delta converts an option trade volume to an equivalent number of index delta volume bought or sold
Imbalance - Delta Volume
USER SELECTIONS
BULLISH PRESSURE: DELTA VOLUME
DeltasBEARISH PRESSURE: DELTA VOLUME
DeltasBULLISH W AVG INDEX This is the weighted average index value of the bullish order flow trades (weighted by option volume delta)
BEARISH W AVG INDEX This is the weighted average index value of the bearish order flow trades (weighted by option volume delta)
DAILY CHART: OPTION ORDER FLOW BY DELTA VOLUME
OPTION TRADERS PLACE MOSTLY BETS
Based on option delta volume, traders 
a net equivalent of shares of stock. The largest delta came from .
TOP 10 OPTION CONTRACTS BY ON-BALANCE DELTA
| Option | On-Balance Delta |
|---|---|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The largest delta volume came from the , with traders deltas on the .
SENTIMENT ANALYSIS - CALL & PUT OPTION TRADES
| Trader Type | $ Notional | Avg Notional | Net Delta |
|---|---|---|---|
| small retail | |
|
|
| retail | |
|
|
| professional | |
|
|
| large institutional | |
|
|
size trades with in notional traded
SENTIMENT ANALYSIS - VERTICAL CALL & PUT SPREADS
| Trader Type | $ Notional | Avg Notional | Net Delta |
|---|---|---|---|
| small retail | |
|
|
| retail | |
|
|
| professional | |
|
|
| large institutional | |
|
|
size trades with in notional traded
DELTAS BY STRIKE PCT AWAY FROM SPOT
DELTAS BY DAYS TO EXPIRATION
HISTORICAL OPTION DELTA VOLUME
| Date | Low | High | Last | Last Price |
|---|---|---|---|---|
| Feb 12, 2026 | |
|
|
|
| Feb 11, 2026 | |
|
|
|
| Feb 10, 2026 | |
|
|
|
| Feb 9, 2026 | |
|
|
|
| Feb 6, 2026 | |
|
|
|
| Feb 5, 2026 | |
|
|
|
| Feb 4, 2026 | |
|
|
|
| Feb 3, 2026 | |
|
|
|
| Feb 2, 2026 | |
|
|
|
| Jan 30, 2026 | |
|
|
|
| Jan 29, 2026 | |
|
|
|
| Jan 28, 2026 | |
|
|
|
| Jan 27, 2026 | |
|
|
|
| Jan 26, 2026 | |
|
|
|
| Jan 23, 2026 | |
|
|
|
| Jan 22, 2026 | |
|
|
|
| Jan 21, 2026 | |
|
|
|
| Jan 20, 2026 | |
|
|
|
| Jan 16, 2026 | |
|
|
|
| Jan 15, 2026 | |
|
|
|
| Jan 14, 2026 | |
|
|
|
| Jan 13, 2026 | |
|
|
|
| Jan 12, 2026 | |
|
|
|
| Jan 9, 2026 | |
|
|
|
| Jan 8, 2026 | |
|
|
|
| Jan 7, 2026 | |
|
|
|
| Jan 6, 2026 | |
|
|
|
| Jan 5, 2026 | |
|
|
|
| Jan 2, 2026 | |
|
|
|
| Dec 31, 2025 | |
|
|
|