GLD
SPDR Gold SharesClose $379.55EOD onlyThis page reflects GLD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Compare calls and puts side by side with OI, volume, IV, and positioning context.
Blank greek cells usually mean usable implied volatility was unavailable for that contract in the market-close snapshot.
Open Interest by Strike
IV Skew
Volume by Strike
Calls
| Strike | Last | Bid | Ask | Chg | Vol | OI | IV | Delta | Gamma | Theta | Vega | Rho |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 350.00 | 29.23 | 29.00 | 30.00 | -0.90 | 5 | 2 | 69.1% | 0.988 | 0.0023 | -0.253 | 0.006 | 0.009 |
| 365.00 | 14.42 | 13.65 | 15.05 | -1.18 | 6 | 2 | 40.4% | 0.969 | 0.0088 | -0.324 | 0.014 | 0.010 |
| 370.00 | 9.52 | 9.20 | 9.85 | -0.33 | 9 | 28 | 25.7% | 0.972 | 0.0127 | -0.208 | 0.013 | 0.010 |
| 375.00 | 4.79 | 4.45 | 4.90 | -0.66 | 52 | 54 | 15.8% | 0.930 | 0.0429 | -0.253 | 0.027 | 0.010 |
| 376.00 | 3.91 | 3.55 | 4.00 | -1.14 | 150 | 7 | 14.8% | 0.891 | 0.0636 | -0.315 | 0.037 | 0.009 |
| 377.00 | 3.37 | 2.79 | 3.15 | -1.13 | 40 | 3 | 13.9% | 0.828 | 0.0923 | -0.388 | 0.051 | 0.009 |
| 378.00 | 2.29 | 2.17 | 2.44 | -1.51 | 286 | 155 | 13.8% | 0.721 | 0.1226 | -0.492 | 0.067 | 0.007 |
| 379.00 | 1.66 | 1.63 | 1.70 | -1.22 | 1,269 | 76 | 12.6% | 0.595 | 0.1551 | -0.510 | 0.077 | 0.006 |
| 380.00 | 1.17 | 1.13 | 1.15 | -1.28 | 1,967 | 130 | 12.2% | 0.435 | 0.1629 | -0.495 | 0.078 | 0.004 |
| 381.00 | 0.77 | 0.75 | 0.80 | -1.25 | 759 | 112 | 12.5% | 0.288 | 0.1369 | -0.438 | 0.068 | 0.003 |
| 382.00 | 0.52 | 0.48 | 0.52 | -1.00 | 1,133 | 311 | 12.6% | 0.171 | 0.1010 | -0.327 | 0.050 | 0.002 |
| 383.00 | 0.31 | 0.30 | 0.33 | -0.90 | 1,156 | 490 | 12.8% | 0.093 | 0.0650 | -0.216 | 0.033 | 0.001 |
| 384.00 | 0.21 | 0.20 | 0.21 | -0.74 | 872 | 210 | 13.2% | 0.047 | 0.0377 | -0.131 | 0.020 | 0.000 |
| 385.00 | 0.12 | 0.12 | 0.14 | -0.61 | 701 | 340 | 13.7% | 0.024 | 0.0210 | -0.079 | 0.011 | 0.000 |
| 386.00 | 0.09 | 0.07 | 0.09 | -0.47 | 392 | 272 | 14.1% | 0.012 | 0.0110 | -0.044 | 0.006 | 0.000 |
| 387.00 | 0.07 | 0.06 | 0.07 | -0.36 | 399 | 151 | 15.0% | 0.007 | 0.0066 | -0.030 | 0.004 | 0.000 |
| 388.00 | 0.04 | 0.03 | 0.05 | -0.26 | 193 | 416 | 15.7% | 0.004 | 0.0037 | -0.018 | 0.002 | 0.000 |
| 389.00 | 0.03 | 0.02 | 0.04 | -0.26 | 2,180 | 161 | 16.6% | 0.002 | 0.0023 | -0.013 | 0.002 | 0.000 |
| 390.00 | 0.03 | 0.02 | 0.03 | -0.18 | 259 | 1,367 | 17.3% | 0.001 | 0.0014 | -0.008 | 0.001 | 0.000 |
| 391.00 | 0.03 | 0.01 | 0.03 | -0.13 | 42 | 87 | 18.8% | 0.001 | 0.0011 | -0.008 | 0.001 | 0.000 |
| 392.00 | 0.02 | 0.01 | 0.03 | -0.13 | 14 | 381 | 20.1% | 0.001 | 0.0010 | -0.008 | 0.001 | 0.000 |
| 393.00 | 0.01 | 0.00 | 0.02 | -0.12 | 20 | 29 | 20.3% | 0.001 | 0.0005 | -0.004 | 0.000 | 0.000 |
| 394.00 | 0.02 | 0.00 | 0.02 | -0.08 | 29 | 87 | 21.5% | 0.000 | 0.0004 | -0.004 | 0.000 | 0.000 |
| 395.00 | 0.03 | 0.00 | 0.01 | -0.07 | 24 | 74 | 21.1% | 0.000 | 0.0001 | -0.001 | 0.000 | 0.000 |
| 396.00 | 0.01 | 0.00 | 0.02 | -0.06 | 827 | 845 | 24.2% | 0.000 | 0.0003 | -0.004 | 0.000 | 0.000 |
| 397.00 | 0.01 | 0.00 | 0.02 | -0.03 | 36 | 79 | 25.4% | 0.000 | 0.0003 | -0.003 | 0.000 | 0.000 |
| 398.00 | 0.01 | 0.00 | 0.02 | -0.11 | 20 | 137 | 26.6% | 0.000 | 0.0002 | -0.003 | 0.000 | 0.000 |
| 399.00 | 0.05 | 0.00 | 0.02 | -0.05 | 10 | 823 | 27.7% | 0.000 | 0.0002 | -0.003 | 0.000 | 0.000 |
| 400.00 | 0.01 | 0.00 | 0.01 | -0.03 | 125 | 487 | 27.0% | 0.000 | 0.0001 | -0.001 | 0.000 | 0.000 |
| 401.00 | 0.01 | 0.00 | 0.02 | -0.03 | 26 | 13 | 30.1% | 0.000 | 0.0002 | -0.003 | 0.000 | 0.000 |
| 402.00 | 0.01 | 0.00 | 0.01 | -0.02 | 9 | 221 | 28.9% | 0.000 | 0.0001 | -0.001 | 0.000 | 0.000 |
| 403.00 | 0.17 | 0.00 | 0.02 | 0.14 | 9 | 77 | 32.6% | 0.000 | 0.0001 | -0.003 | 0.000 | 0.000 |
| 404.00 | 0.07 | 0.00 | 0.07 | 0.05 | 6 | 82 | 39.7% | 0.001 | 0.0006 | -0.018 | 0.001 | 0.000 |
| 405.00 | 0.02 | 0.00 | 0.02 | 0.00 | 12 | 106 | 35.2% | 0.000 | 0.0001 | -0.003 | 0.000 | 0.000 |
| 406.00 | 0.08 | 0.00 | 0.16 | 0.03 | 5 | 222 | 48.2% | 0.004 | 0.0012 | -0.057 | 0.002 | 0.000 |
| 407.00 | 0.18 | 0.00 | 0.14 | 0.11 | 1 | 84 | 48.5% | 0.003 | 0.0010 | -0.046 | 0.002 | 0.000 |
| 408.00 | 0.08 | 0.00 | 0.01 | 0.07 | 1 | 101 | 35.9% | 0.000 | 0.0000 | -0.001 | 0.000 | 0.000 |
| 409.00 | 0.01 | 0.00 | 0.05 | -0.01 | 4 | 10 | 44.3% | 0.001 | 0.0003 | -0.010 | 0.000 | 0.000 |
| 410.00 | 0.01 | 0.00 | 0.01 | -0.01 | 4 | 126 | 38.3% | 0.000 | 0.0000 | -0.001 | 0.000 | 0.000 |
| 411.00 | 0.08 | 0.00 | 0.03 | 0.00 | 4 | 5 | 43.8% | 0.000 | 0.0001 | -0.004 | 0.000 | 0.000 |
| 412.00 | 0.02 | 0.00 | 0.03 | 0.00 | 11 | 9 | 44.9% | 0.000 | 0.0001 | -0.004 | 0.000 | 0.000 |
| 413.00 | 0.02 | 0.00 | 0.02 | 0.00 | 3 | 506 | 44.1% | 0.000 | 0.0001 | -0.002 | 0.000 | 0.000 |
| 414.00 | 0.02 | 0.00 | 0.03 | 0.00 | 3 | 4 | 47.3% | 0.000 | 0.0001 | -0.004 | 0.000 | 0.000 |
| 415.00 | 0.08 | 0.00 | 0.03 | 0.00 | 1 | 3 | 48.4% | 0.000 | 0.0001 | -0.004 | 0.000 | 0.000 |
| 416.00 | 0.08 | 0.00 | 0.22 | 0.00 | 1 | 2 | 58.8% | 0.002 | 0.0004 | -0.029 | 0.001 | 0.000 |
| 417.00 | 0.08 | 0.00 | 0.22 | 0.00 | 1 | 3 | 60.2% | 0.001 | 0.0004 | -0.029 | 0.001 | 0.000 |
| 418.00 | 0.08 | 0.00 | 0.07 | 0.00 | 1 | 3 | 52.9% | 0.000 | 0.0001 | -0.005 | 0.000 | 0.000 |
| 419.00 | 0.02 | 0.00 | 0.05 | 0.00 | 6 | 19 | 52.0% | 0.000 | 0.0001 | -0.003 | 0.000 | 0.000 |
| 420.00 | 0.02 | 0.00 | 0.03 | 0.00 | 4 | 10 | 50.4% | 0.000 | 0.0000 | -0.001 | 0.000 | 0.000 |
| 421.00 | 0.08 | 0.00 | 0.21 | 0.00 | 1 | 2 | 64.8% | 0.001 | 0.0003 | -0.026 | 0.001 | 0.000 |
| 422.00 | 0.14 | 0.00 | 0.21 | 0.00 | 0 | 3 | 66.0% | 0.001 | 0.0003 | -0.025 | 0.001 | 0.000 |
| 423.00 | 0.10 | 0.00 | 0.21 | 0.00 | 0 | 1 | 67.4% | 0.001 | 0.0003 | -0.025 | 0.001 | 0.000 |
| 424.00 | 0.10 | 0.00 | 0.21 | 0.00 | 1 | 25 | 68.6% | 0.001 | 0.0003 | -0.025 | 0.001 | 0.000 |
| 425.00 | 0.13 | 0.00 | 0.03 | 0.00 | 0 | 2 | 55.5% | 0.000 | 0.0000 | -0.001 | 0.000 | 0.000 |
| 426.00 | 0.12 | 0.00 | 0.20 | 0.00 | 0 | 2 | 70.5% | 0.001 | 0.0002 | -0.022 | 0.001 | 0.000 |
| 427.00 | 0.13 | 0.00 | 0.01 | 0.05 | 2 | 34 | 51.6% | 0.000 | 0.0000 | -0.000 | 0.000 | 0.000 |
| 428.00 | 0.09 | 0.00 | 0.02 | 0.05 | 2 | 2 | 56.3% | 0.000 | 0.0000 | -0.001 | 0.000 | 0.000 |
| 429.00 | 0.11 | 0.00 | 0.20 | 0.00 | 0 | 1 | 74.2% | 0.001 | 0.0002 | -0.022 | 0.001 | 0.000 |
| 430.00 | 0.11 | 0.00 | 0.17 | 0.00 | 1 | 3 | 73.8% | 0.001 | 0.0002 | -0.017 | 0.000 | 0.000 |
| 431.00 | 0.11 | 0.00 | 0.13 | 0.00 | 0 | 2 | 72.7% | 0.000 | 0.0001 | -0.012 | 0.000 | 0.000 |
| 432.00 | 0.11 | 0.00 | 0.10 | 0.00 | 0 | 1 | 71.5% | 0.000 | 0.0001 | -0.008 | 0.000 | 0.000 |
| 434.00 | 0.06 | 0.00 | 0.19 | 0.00 | 0 | 5 | 79.7% | 0.001 | 0.0002 | -0.019 | 0.000 | 0.000 |
| 435.00 | 0.05 | 0.00 | 0.16 | 0.00 | 4 | 6 | 79.1% | 0.001 | 0.0001 | -0.015 | 0.000 | 0.000 |
| 445.00 | 0.01 | 0.00 | 0.19 | 0.00 | 0 | 7 | 92.4% | 0.001 | 0.0001 | -0.018 | 0.000 | 0.000 |
| 455.00 | 0.02 | 0.00 | 0.18 | 0.00 | 0 | 6 | 102.7% | 0.000 | 0.0001 | -0.015 | 0.000 | 0.000 |
| 465.00 | 0.10 | 0.00 | 0.16 | 0.00 | 0 | 1 | 111.7% | 0.000 | 0.0000 | -0.012 | 0.000 | 0.000 |
| 470.00 | 0.10 | 0.00 | 0.16 | 0.00 | 0 | 1 | 116.8% | 0.000 | 0.0000 | -0.011 | 0.000 | 0.000 |
| 530.00 | 0.04 | 0.00 | 0.06 | 0.00 | 0 | 6 | 156.3% | 0.000 | 0.0000 | -0.002 | 0.000 | 0.000 |
Puts
| Strike | Last | Bid | Ask | Chg | Vol | OI | IV | Delta | Gamma | Theta | Vega | Rho |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 275.00 | 0.02 | 0.00 | 0.05 | -0.02 | 9 | 5 | 153.1% | -0.000 | 0.0000 | -0.002 | 0.000 | 0.000 |
| 280.00 | 0.01 | 0.00 | 0.02 | -0.07 | 138 | 3 | 134.4% | -0.000 | 0.0000 | -0.000 | 0.000 | 0.000 |
| 285.00 | 0.01 | 0.00 | 0.01 | -0.01 | 6 | 14 | 118.8% | -0.000 | 0.0000 | -0.000 | 0.000 | 0.000 |
| 290.00 | 0.04 | 0.00 | 0.04 | 0.03 | 26 | 1 | 127.3% | -0.000 | 0.0000 | -0.001 | 0.000 | 0.000 |
| 295.00 | 0.02 | 0.00 | 0.06 | 0.01 | 8 | 3 | 125.0% | -0.000 | 0.0000 | -0.003 | 0.000 | -0.000 |
| 300.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0 | 23 | 98.4% | -0.000 | 0.0000 | -0.000 | 0.000 | 0.000 |
| 305.00 | 0.04 | 0.00 | 0.09 | 0.03 | 4 | 7 | 114.5% | -0.000 | 0.0000 | -0.005 | 0.000 | -0.000 |
| 310.00 | 0.01 | 0.00 | 0.02 | -0.07 | 5 | 3 | 92.2% | -0.000 | 0.0000 | -0.000 | 0.000 | 0.000 |
| 315.00 | 0.03 | 0.00 | 0.03 | 0.00 | 5 | 9 | 89.1% | -0.000 | 0.0000 | -0.001 | 0.000 | 0.000 |
| 320.00 | 0.03 | 0.00 | 0.03 | 0.00 | 0 | 6 | 81.3% | -0.000 | 0.0000 | -0.001 | 0.000 | 0.000 |
| 325.00 | 0.05 | 0.00 | 0.12 | 0.00 | 0 | 2 | 87.1% | -0.000 | 0.0001 | -0.010 | 0.000 | -0.000 |
| 330.00 | 0.05 | 0.00 | 0.07 | 0.00 | 0 | 2 | 74.6% | -0.000 | 0.0000 | -0.004 | 0.000 | -0.000 |
| 335.00 | 0.06 | 0.00 | 0.15 | 0.00 | 0 | 1 | 73.8% | -0.001 | 0.0001 | -0.015 | 0.000 | -0.000 |
| 340.00 | 0.02 | 0.00 | 0.13 | -0.01 | 1 | 14 | 64.8% | -0.001 | 0.0002 | -0.013 | 0.000 | -0.000 |
| 345.00 | 0.01 | 0.00 | 0.02 | 0.00 | 10 | 25 | 50.0% | -0.000 | 0.0000 | -0.002 | 0.000 | -0.000 |
| 350.00 | 0.01 | 0.00 | 0.01 | -0.01 | 4 | 25 | 39.8% | -0.000 | 0.0000 | -0.001 | 0.000 | 0.000 |
| 355.00 | 0.07 | 0.00 | 0.01 | 0.04 | 1 | 63 | 33.6% | -0.000 | 0.0000 | -0.001 | 0.000 | -0.000 |
| 360.00 | 0.01 | 0.00 | 0.01 | -0.06 | 231 | 867 | 27.3% | -0.000 | 0.0001 | -0.001 | 0.000 | -0.000 |
| 365.00 | 0.01 | 0.00 | 0.01 | -0.09 | 149 | 1,193 | 20.7% | -0.000 | 0.0001 | -0.001 | 0.000 | -0.000 |
| 370.00 | 0.03 | 0.03 | 0.05 | -0.26 | 959 | 1,397 | 17.8% | -0.003 | 0.0025 | -0.016 | 0.002 | -0.000 |
| 375.00 | 0.25 | 0.24 | 0.26 | -0.69 | 1,586 | 166 | 14.4% | -0.053 | 0.0376 | -0.152 | 0.021 | -0.001 |
| 376.00 | 0.37 | 0.35 | 0.39 | -0.62 | 297 | 25 | 14.0% | -0.097 | 0.0615 | -0.234 | 0.034 | -0.001 |
| 377.00 | 0.57 | 0.55 | 0.58 | -0.81 | 770 | 377 | 13.7% | -0.168 | 0.0925 | -0.334 | 0.050 | -0.002 |
| 378.00 | 0.83 | 0.81 | 0.86 | -0.97 | 1,980 | 76 | 13.5% | -0.275 | 0.1243 | -0.435 | 0.066 | -0.003 |
| 379.00 | 1.22 | 1.17 | 1.24 | -0.86 | 1,060 | 313 | 13.4% | -0.410 | 0.1463 | -0.498 | 0.077 | -0.004 |
| 380.00 | 1.69 | 1.66 | 1.73 | -0.94 | 683 | 339 | 13.3% | -0.559 | 0.1490 | -0.497 | 0.078 | -0.006 |
| 381.00 | 2.38 | 2.19 | 2.51 | -0.46 | 137 | 109 | 15.0% | -0.679 | 0.1200 | -0.503 | 0.071 | -0.007 |
| 382.00 | 2.84 | 2.90 | 3.25 | -0.55 | 57 | 88 | 15.7% | -0.778 | 0.0956 | -0.427 | 0.059 | -0.008 |
| 383.00 | 3.70 | 3.70 | 4.15 | -1.50 | 87 | 44 | 17.4% | -0.835 | 0.0717 | -0.391 | 0.049 | -0.009 |
| 384.00 | 4.45 | 4.55 | 5.05 | -0.57 | 1 | 75 | 18.8% | -0.878 | 0.0540 | -0.338 | 0.040 | -0.009 |
| 385.00 | 5.77 | 5.45 | 6.10 | 0.42 | 97 | 155 | 21.9% | -0.890 | 0.0432 | -0.370 | 0.037 | -0.009 |
| 386.00 | 7.05 | 6.40 | 7.15 | -0.21 | 1 | 28 | 25.0% | -0.898 | 0.0358 | -0.401 | 0.035 | -0.010 |
| 387.00 | 7.54 | 7.40 | 8.15 | 0.29 | 10 | 115 | 27.4% | -0.910 | 0.0299 | -0.401 | 0.032 | -0.010 |
| 388.00 | 8.62 | 8.40 | 9.10 | 3.52 | 6 | 27 | 29.0% | -0.925 | 0.0247 | -0.366 | 0.028 | -0.010 |
| 389.00 | 9.85 | 8.95 | 10.00 | -0.60 | 4 | 20 | 29.6% | -0.942 | 0.0197 | -0.296 | 0.023 | -0.010 |
| 390.00 | 11.00 | 10.05 | 10.85 | 0.38 | 3 | 29 | 28.9% | -0.962 | 0.0143 | -0.191 | 0.016 | -0.010 |
| 391.00 | 12.09 | 11.10 | 12.75 | 3.34 | 1 | 33 | 44.9% | -0.894 | 0.0205 | -0.776 | 0.036 | -0.010 |
| 392.00 | 13.03 | 12.00 | 13.15 | 2.97 | 1 | 47 | 38.4% | -0.944 | 0.0148 | -0.385 | 0.022 | -0.010 |
| 393.00 | 13.65 | 13.15 | 14.80 | 0.81 | 16 | 42 | 50.3% | -0.904 | 0.0170 | -0.807 | 0.034 | -0.010 |
| 394.00 | 15.20 | 14.05 | 15.30 | 5.47 | 10 | 14 | 45.1% | -0.941 | 0.0131 | -0.479 | 0.023 | -0.010 |
| 395.00 | 16.36 | 15.00 | 16.00 | 5.73 | 2 | 10 | 41.7% | -0.965 | 0.0093 | -0.274 | 0.015 | -0.010 |
| 396.00 | 17.42 | 16.00 | 17.05 | 4.00 | 1 | 2 | 44.6% | -0.964 | 0.0089 | -0.304 | 0.016 | -0.010 |
| 397.00 | 18.61 | 17.00 | 18.00 | 4.02 | 3 | 2 | 45.5% | -0.969 | 0.0077 | -0.267 | 0.014 | -0.011 |
| 398.00 | 19.54 | 17.95 | 18.95 | 5.41 | 4 | 1 | 46.2% | -0.974 | 0.0065 | -0.230 | 0.012 | -0.011 |
| 399.00 | 20.33 | 19.05 | 19.95 | 5.03 | 2 | 0 | 48.0% | -0.976 | 0.0060 | -0.226 | 0.011 | -0.011 |
| 400.00 | 21.03 | 19.95 | 21.35 | 4.28 | 1 | 0 | 58.1% | -0.956 | 0.0080 | -0.490 | 0.018 | -0.011 |
| 401.00 | 23.49 | 20.30 | 23.10 | 0.00 | 0 | 0 | 72.3% | -0.924 | 0.0100 | -0.985 | 0.028 | -0.010 |
| 403.00 | 22.52 | 23.05 | 24.70 | 0.00 | 0 | 0 | 53.1% | -0.984 | 0.0038 | -0.167 | 0.008 | -0.011 |
| 404.00 | 24.98 | 24.00 | 24.95 | 3.83 | 1 | 0 | 56.8% | -0.981 | 0.0041 | -0.212 | 0.009 | -0.011 |
| 405.00 | 25.92 | 25.05 | 26.05 | -1.59 | 1 | 0 | 61.1% | -0.978 | 0.0044 | -0.274 | 0.011 | -0.011 |
| 406.00 | 15.04 | 25.35 | 27.45 | 0.00 | 0 | 0 | 71.5% | -0.962 | 0.0058 | -0.536 | 0.016 | -0.011 |
| 407.00 | 17.94 | 26.65 | 28.60 | 0.00 | 2 | 0 | 50.4% | -0.996 | 0.0013 | -0.015 | 0.002 | -0.011 |
| 408.00 | 29.49 | 28.00 | 28.95 | 5.84 | 14 | 0 | 63.6% | -0.984 | 0.0031 | -0.201 | 0.008 | -0.011 |
| 409.00 | 30.48 | 28.95 | 30.00 | 1.63 | 4 | 0 | 66.7% | -0.983 | 0.0032 | -0.231 | 0.008 | -0.011 |
| 410.00 | 30.52 | 30.00 | 31.05 | 0.00 | 25 | 0 | 69.6% | -0.982 | 0.0032 | -0.259 | 0.009 | -0.011 |
| 411.00 | 32.39 | 31.00 | 31.95 | 15.14 | 2 | 0 | 68.6% | -0.986 | 0.0026 | -0.195 | 0.007 | -0.011 |
| 412.00 | 33.39 | 32.05 | 32.90 | 1.19 | 4 | 0 | 68.6% | -0.988 | 0.0023 | -0.162 | 0.006 | -0.011 |
| 414.00 | 34.91 | 34.00 | 35.00 | 0.36 | 6 | 0 | 50.4% | -0.999 | 0.0002 | 0.039 | 0.000 | -0.011 |
| 428.00 | 34.65 | 48.00 | 50.10 | 0.00 | 1 | 0 | 98.2% | -0.990 | 0.0014 | -0.220 | 0.006 | -0.012 |
Start with strike, bid/ask spread, open interest, and volume. Then use IV and greeks to decide whether a contract fits your directional, income, or volatility idea.
Clean fills matter before a contract looks mathematically attractive. A thin market can erase the edge you think you found.
Low premium, high IV, or one convenient delta do not make a trade by themselves. Check how far the strike sits from spot, expected move, and the event calendar.