SPYCNOV 4Open interest change
Open interest in SPY calls expiring Nov 4 rose 75,698 at the Nov 3 settlement
105,979 to 181,677 contracts between the Nov 2 and Nov 3 settlements, 71% of the prior figure.
SPY · CALLS · NOV 5Settled
SPY calls outnumbered puts 1.6 to 1 expiring Nov 5, vs a 0.8 median
As of , published from Nov 3, 2026, 10:02 ET. Source: delayed broker chain.
On the page at squawkflow.com/options-flow/2026-11-03/spy-calls-nov-5-2026-put-call-skew: the follow-up recorded at Nov 4, 2026, 08:07 ET; the evidence table and the rule that fired; and up to six other SPY snapshots from Nov 3, 2026.
The median is SPY's call/put volume ratio for contracts within a week over the last 18 sessions. 11,511 call and 7,249 put contracts by 09:47 ET on Nov 3, 2026. Tracked: up to 40 strikes around the money across 34 expirations.
Evidence
| Measure | Value |
|---|---|
| Call volume (contracts) | 11,511 |
| Put volume (contracts) | 7,249 |
| Call open interest, prior settlement | 22,068 |
| Put open interest, prior settlement | 36,239 |
| Call premium, est. (USD) | $6.4M |
| Put premium, est. (USD) | $1.8M |
| Call/put volume ratio | 1.6x |
| Days to expiry | 2 |
Why it fired
- Rule
- call/put volume >= max(1.5, 1.75 x baseline median); call volume >= 2000
- Values that cleared it
- Call volume (contracts): 11,511; Ratio: 1.59
- Contracts traded behind each figure
- Calls: 35; Puts: 32
- Baseline
- median call/put volume ratio, contracts within a week: 0.8197
- Baseline window
- last 20 sessions
- Baseline n
- 18
- Claim level
- 2, compared with a baseline
Last-trade position, raw counts
Count of contracts whose single last trade sat near the ask or bid. Not the side of the session's volume. It is not used in the headline.
| Side of chain | Near ask | Near bid | Other |
|---|---|---|---|
| Calls | 24 | 7 | 4 |
| Puts | 4 | 25 | 3 |
What happened next
- Next settlement: Open interest in SPY calls expiring Nov 5 rose 30,480 at the Nov 3 settlement, to 84,965.
- Expiry, Nov 5, 2026: Pending expiry.
More SPY snapshots, Nov 3, 2026
All SPY snapshots on the hub- SPYCAPR 30 '27Open interest change
Open interest in SPY calls expiring Apr 30, 2027 rose 3,945 at the Nov 3 settlement
4,103 to 8,048 contracts between the Nov 2 and Nov 3 settlements, 96% of the prior figure.
- SPYCNOV 4Put/call by expiry
SPY calls outnumbered puts 1.5 to 1 expiring Nov 4, vs a 0.8 median
The median is SPY's call/put volume ratio for contracts within a week over the last 18 sessions. 89,126 call and 59,032 put contracts by 10:17 ET on Nov 3, 2026. Tracked: up to 41 strikes around the money across 34 expirations.
- SPYPDEC 18Put/call by expiry
SPY puts expiring Dec 18 traded 5.9x the calls, vs a 1.4x median
The median is SPY's put/call volume ratio for contracts 1 to 3 months out over the last 18 sessions. 3,896 put and 656 call contracts by 09:42 ET on Nov 3, 2026. Tracked: up to 40 strikes around the money across 34 expirations.
- SPYC754NOV 3Volume vs open interest
SPY 754 calls expiring Nov 3 (same day) traded 6.5x their open interest
SPY calls expiring that date in the strikes we track traded 1.1x their open interest, by 09:37 ET on Nov 3, 2026. Tracked: up to 40 strikes around the money across 34 expirations.
- SPYCNOV 3Put/call by expiry
SPY calls outnumbered puts 1.8 to 1 expiring Nov 3 (same day), vs a 1.0 median
The median is SPY's call/put volume ratio for contracts same day over the last 17 sessions. 144,771 call and 81,551 put contracts by 09:37 ET on Nov 3, 2026. Tracked: up to 40 strikes around the money across 34 expirations.