SPY against QQQ option activity on one dashboard
Recorded in cvforge on June 16, 2026 by ConvexValue · Published July 25, 2026
The two most heavily traded option markets in the world compared directly — volume, open interest and where activity sits relative to spot.
Exact prompt
Create a dashboard that allows me to compare and visualize the options activity of $SPY and $QQQ
Data cadence
Live U.S. option snapshots, refreshed through the session. Open interest is an end-of-previous-day figure and updates once daily.
Plan requirements
Runs on the free cvforge app and the free data tier (20 requests/hour). No card needed.
Fields used
day_volume, open_interest, implied_volatility, delta, strike_price, expiration_date, contract_type, underlying_price
How to read it
These two chains are deep enough that their shapes are stable, which makes deviations meaningful in a way they are not for a thin name. Both are dominated by near-dated contracts and by strikes close to spot.
The comparison worth making is proportional rather than absolute. SPY trades more contracts than QQQ almost always; what changes is where the activity sits relative to spot, and a divergence there says the two indices are being positioned for differently.
Change it
The prompt is the interface. Ask for a different ticker, a different expiration window, or an extra column in the same sentence style and the agent edits the app in place — you do not start over, and you do not wait for anyone to build it.
Limitations
- Snapshot data, not a transaction tape: the build reads the chain as it stands, so it cannot attribute a trade to a buyer or a seller.
- Open interest updates once a day, so an intraday volume/OI comparison is always this session’s volume against yesterday’s open interest.
- Contract coverage is U.S. listed equities, ETFs and indices. Indices use the I: prefix, for example I:SPX.
- Current per-contract valuation is Massive fair market value (FMV), a proprietary estimate. cvforge does not provide option bids, asks, midpoint, quote sizes, NBBO or last trades, and FMV is not an executable quote.
- A call/put split describes contracts traded, not net direction: every contract has a buyer and a seller.
Related demos
- Five-minute bars on a single MU option contract
- Finding the names with the most elevated downside risk priced in
- TSLA against META on today’s option volume
Search focus: spy vs qqq options activity. Related: compare index etf option volume, spy qqq open interest comparison. Originally posted on X.