SDY Open Interest

SDY has 827 call contracts and 1,003 put contracts open across all listed expirations — a put/call open interest ratio of 1.21. Open interest counts the contracts currently outstanding at each strike. This page shows where SDY positioning concentrates, which strikes act as walls, and how the totals have trended over the past year.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close
$154.62
52-week range
$135.94 – $158.64
ATM IV (30d)
15.6%
IV rank
33 / 100
Low
Expected move
±$3.33 (±2.2%)
Put/call OI
1.21
Put-heavy
Max pain
$145
↓ 6.2% below close

SDY Open Interest by Strike

0119238357SpotMax painCall wallPut wall120131136141146151156161

SDY open interest by strike, all expirations combined — calls in green, puts in red.

Total call open interest827
Total put open interest1,003
Put/call OI ratio1.21
Open interest rank (31 day)59 / 100
Call wall (largest call OI)$155
Put wall (largest put OI)$140
Top volume strike$100
Volume / OI ratio0.01

SDY Open Interest Trend

626.1790.8955.51.1K1.3KCall OIPut OIFeb '26May '26Jul '26

SDY total call vs. put open interest, past year.

0.961.081.191.301.41Feb '26May '26Jul '26

SDY put/call open interest ratio, past year.

A put/call open interest ratio of 1.21 means meaningfully more puts than calls are outstanding — elevated hedging or bearish positioning. In total, 827 call contracts and 1,003 put contracts are open across all listed expirations. The put/call OI ratio has risen from 1.00 in Feb '26 to 1.21 today.

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SDY Options FAQ

What is SDY's put/call ratio?

SDY's put/call open interest ratio is 1.21 as of Jul 10, 2026, with 1,003 put contracts and 827 call contracts outstanding.

Which SDY strikes have the highest open interest?

As of Jul 10, 2026, the largest call open interest sits at $155 (the call wall) and the largest put open interest sits at $140 (the put wall). Strikes with heavy open interest often act as reference levels because a lot of hedging activity is anchored to them.

Is SDY open interest unusually high right now?

SDY's total open interest ranks 59 out of 100 versus the past 31 trading days as of Jul 10, 2026 — in the middle of its recent range.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.