Replies to post #324745 on SPDR S&P 500 (SPY)

[Morphius6]

I took ALL strikes in the 8/24 expiry.

To give a view of how many contracts are underwater...worthless if market closed this moment:

There are 106,558 call contracts with strike of 342 and above with zero intrinsic value.

There are 310,650 put contracts with strike of 341 and below with zero intrinsic value.