Tour v340
ALK
ALASKA AIR GROUP INC
$47.88 +2.15%
(7/14 18:02) ◀
|
Wednesday, July 15, 2026 (6:04pm)
January 2026
|
▶ (7/16 18:00)
◀ 7/15 18:04 ▶

Option Volume

Detail
ℹ
Current (07/15) 836
Calls: 324 (39%)
Puts: 512 (61%)
Prior (07/14) 651
Calls: 328 (50%)
Puts: 323 (50%)
Current vs Prior +28.42%
Calls: -1.22% (Calls)
Puts: +58.51% (Puts)
Prior 7-Day Total 56,629
Calls: 51,577 (91%)
Puts: 5,052 (9%)
Prior 7-Day Average 8,089
Calls: 7,368 (91%)
Puts: 721 (9%)
Current vs Prior 7-Day Avg -89.67%
Calls: -95.60%
Puts: -29.06%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/15) $184.2K
Calls: $101.9K (55%)
Puts: $82.3K (45%)
Prior (07/14) $152.9K
Calls: $102.9K (67%)
Puts: $50.1K (33%)
Current vs Prior +20.43%
Calls: -0.93%
Puts: +64.31%
Prior 7-Day Total $5.95M
Calls: $4.62M (78%)
Puts: $1.33M (22%)
Prior 7-Day Average $850.4K
Calls: $659.9K (78%)
Puts: $190.5K (22%)
Current vs Prior 7-Day Avg -78.34%
Calls: -84.56%
Puts: -56.82%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/15) 1.58
Prior (07/14) 0.98
Current vs Prior +60.47%
Prior 7-Day Average 0.47
Current vs Prior 7-Day Avg +239.20%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/15) 134,079
Calls: 98,306 (73%)
Puts: 35,773 (27%)
Prior (07/14) 133,971
Calls: 98,276 (73%)
Puts: 35,695 (27%)
Current vs Prior +0.08%
Prior 7-Day Total 1,036,564
Calls: 792,691 (76%)
Puts: 243,873 (24%)
Prior 7-Day Average 148,080
Calls: 113,241 (76%)
Puts: 34,839 (24%)
Current vs Prior 7-Day Avg -9.46%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (08/21)Expiry (07/17) | Next (08/21)
Current 4.82% | 15.46%4.82% | 15.46%
Prior 4.76% | 16.32%4.76% | 16.32%
Current vs Prior +1.40% | -5.31%+1.40% | -5.31%
Prior 7-Day Avg 9.08% | 18.66%9.08% | 18.66%
Current vs 7-Day Avg -46.85% | -17.17%-46.85% | -17.17%
Prior 7-Day Eod 4.76% | 16.32%4.76% | 16.32%
Current vs 7-Day Eod +1.40% | -5.31%+1.40% | -5.31%
Sentiment BEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 6.07% | 7.58%
Calls: 5.56% | 6.19%
Puts: 6.58% | 8.96%
Prior 6.07% | 7.58%
Calls: 5.56% | 6.19%
Puts: 6.58% | 8.96%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 6.07% | 7.58%
Calls: 5.56% | 6.19%
Puts: 6.58% | 8.96%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Pricy
+
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🤖 AI Insights

Extreme bearish P/C ratio of 1.58 - heavy put buying. P/C ratio rising 60% - increased hedging/bearish positioning. Call-heavy open interest (98,306 calls vs 35,773 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 4 of results (avg 6.1%, best 4.6%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Aug 216.907.40$7.157.0%20.761
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Aug 216.406.70$6.554.6%--0.6446
$55.00Aug 218.208.60$8.404.8%--0.7236
$50.00Aug 214.705.10$4.908.2%230.5578

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 12 found (avg delta 0.76, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Jul 177.008.70$7.8521.7%100.94580
$42.50Jul 174.606.10$5.3528.0%20.921.4K
$45.00Jul 172.453.60$3.0338.0%60.832.8K
$42.50Aug 216.907.40$7.157.0%20.761
$47.50Jul 171.051.70$1.3847.1%170.571.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Jul 176.408.10$7.2523.4%--0.95104
$52.50Jul 174.105.70$4.9032.7%--0.93328
$50.00Jul 172.102.90$2.5032.0%270.791.1K
$55.00Aug 218.208.60$8.404.8%--0.7236
$52.50Aug 216.406.70$6.554.6%--0.6446

Most actively traded options today. High liquidity = easy entry/exit. 21 active (total vol 599, top 211)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Jul 170.250.35$0.3033.3%630.223.7K
$52.50Aug 211.902.20$2.0514.6%500.36422
$50.00Aug 212.603.30$2.9523.7%300.46260
$52.50Jul 170.050.15$0.10100.0%280.0812.2K
$47.50Jul 171.051.70$1.3847.1%170.571.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Aug 211.301.90$1.6037.5%2110.25128
$45.00Aug 212.152.75$2.4524.5%320.34144
$40.00Jul 170.000.30$0.15200.0%310.06810
$50.00Jul 172.102.90$2.5032.0%270.791.1K
$47.50Jul 170.751.10$0.9337.6%230.43673

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 59.5%, max 159.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.50Jul 17Aug 21120.1%64.6%85.8%41.4K
$55.00Jul 17Aug 21111.2%62.6%77.7%178.4K
$52.50Jul 17Aug 2185.8%61.7%39.0%7812.6K
$47.50Jul 17Aug 2181.9%59.7%37.2%241.7K
$50.00Jul 17Aug 2171.5%62.9%13.7%933.9K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Jul 17Aug 21165.2%63.7%159.3%361.2K
$42.50Jul 17Aug 21120.1%64.6%85.8%2161.8K
$55.00Jul 17Aug 21111.2%62.6%77.7%--140
$45.00Jul 17Aug 2193.8%63.4%47.8%422.0K
$52.50Jul 17Aug 2185.8%61.7%39.0%--374

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 15 found (best R:R 15.67, avg 3.14)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$50.00$52.50Jul 17$0.20$2.30$0.2011.50$50.20
$52.50$55.00Aug 21$0.57$1.93$0.573.39$53.07
$50.00$52.50Aug 21$0.90$1.60$0.901.78$50.90
$47.50$50.00Aug 21$1.05$1.45$1.051.38$48.55
$47.50$50.00Jul 17$1.08$1.42$1.081.31$48.58
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$45.00$42.50Jul 17$0.15$2.35$0.1515.67$44.85
$47.50$45.00Jul 17$0.63$1.87$0.632.97$46.87
$42.50$40.00Aug 21$0.70$1.80$0.702.57$41.80
$45.00$42.50Aug 21$0.85$1.65$0.851.94$44.15
$47.50$45.00Aug 21$0.95$1.55$0.951.63$46.55

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 18 found (best R:R 15.67, avg 2.47)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$42.50$45.00Jul 17$2.32$2.32$0.1812.89$44.82
$45.00$47.50Jul 17$1.65$1.65$0.851.94$46.65
$42.50$47.50Aug 21$3.15$3.15$1.851.70$45.65
$47.50$50.00Jul 17$1.08$1.08$1.420.76$48.58
$47.50$50.00Aug 21$1.05$1.05$1.450.72$48.55
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$55.00$52.50Jul 17$2.35$2.35$0.1515.67$52.65
$55.00$52.50Aug 21$1.85$1.85$0.652.85$53.15
$52.50$50.00Aug 21$1.65$1.65$0.851.94$50.85
$50.00$47.50Jul 17$1.57$1.57$0.931.69$48.43
$50.00$47.50Aug 21$1.50$1.50$1.001.50$48.50

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $1.87, cheapest $0.75)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$55.00Jul 17Aug 21$1.40111.2%62.6%
$42.50Jul 17Aug 21$1.80120.1%64.6%
$52.50Jul 17Aug 21$1.9585.8%61.7%
$47.50Jul 17Aug 21$2.6281.9%59.7%
$50.00Jul 17Aug 21$2.6571.5%62.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$40.00Jul 17Aug 21$0.75165.2%63.7%
$55.00Jul 17Aug 21$1.15111.2%62.6%
$42.50Jul 17Aug 21$1.45120.1%64.6%
$52.50Jul 17Aug 21$1.6585.8%61.7%
$45.00Jul 17Aug 21$2.1593.8%63.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 12 found (cheapest 4.82% of stock, avg 13.36%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$47.50Jul 17$1.38$0.93$2.31$45.19$49.814.82%
$50.00Jul 17$0.30$2.50$2.80$47.20$52.805.85%
$45.00Jul 17$3.03$0.30$3.33$41.67$48.336.95%
$52.50Jul 17$0.10$4.90$5.00$47.50$57.5010.44%
$42.50Jul 17$5.35$0.15$5.50$37.00$48.0011.49%
$55.00Jul 17$0.08$7.25$7.33$47.67$62.3315.31%
$47.50Aug 21$4.00$3.40$7.40$40.10$54.9015.46%
$50.00Aug 21$2.95$4.90$7.85$42.15$57.8516.40%
$40.00Jul 17$7.85$0.15$8.00$32.00$48.0016.71%
$52.50Aug 21$2.05$6.55$8.60$43.90$61.1017.96%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 20 found (cheapest 0.52% of stock, avg 5.81%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$52.50$42.50Jul 17$0.10$0.15$0.25$42.25$52.75
$52.50$40.00Jul 17$0.10$0.15$0.25$39.75$52.75
$52.50$45.00Jul 17$0.10$0.30$0.40$44.60$52.90
$50.00$42.50Jul 17$0.30$0.15$0.45$42.05$50.45
$50.00$40.00Jul 17$0.30$0.15$0.45$39.55$50.45
$50.00$45.00Jul 17$0.30$0.30$0.60$44.40$50.60
$52.50$47.50Jul 17$0.10$0.93$1.03$46.47$53.53
$50.00$47.50Jul 17$0.30$0.93$1.23$46.27$51.23
$55.00$40.00Aug 21$1.48$0.90$2.38$37.62$57.38
$52.50$40.00Aug 21$2.05$0.90$2.95$37.05$55.45

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 12 found (best R:R 4.81, avg credit $1.46)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
48/5052/55Aug 21$2.07$0.434.81$47.93$54.57
42/4548/50Aug 21$1.90$0.603.17$43.10$49.40
45/4850/52Aug 21$1.85$0.652.85$45.65$51.85
40/4248/50Aug 21$1.75$0.752.33$40.75$49.25
42/4550/52Aug 21$1.75$0.752.33$43.25$51.75
40/4250/52Aug 21$1.60$0.901.78$40.90$51.60
45/4852/55Aug 21$1.52$0.981.55$45.98$54.02
42/4552/55Aug 21$1.42$1.081.31$43.58$53.92
40/4252/55Aug 21$1.27$1.231.03$41.23$53.77
42/4548/50Jul 17$1.23$1.270.97$43.77$48.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 16 found (best R:R 24.00, cheapest $0.10)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$47.50$50.00$52.50Aug 21$0.15$2.3515.67
$40.00$42.50$45.00Jul 17$0.18$2.3212.89
$50.00$52.50$55.00Jul 17$0.18$2.3212.89
$50.00$52.50$55.00Aug 21$0.33$2.176.58
$45.00$47.50$50.00Jul 17$0.57$1.933.39
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$42.50$45.00$47.50Aug 21$0.10$2.4024.00
$40.00$42.50$45.00Jul 17$0.15$2.3515.67
$40.00$42.50$45.00Aug 21$0.15$2.3515.67
$47.50$50.00$52.50Aug 21$0.15$2.3515.67
$50.00$52.50$55.00Aug 21$0.20$2.3011.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 18 found (best net $-0.85, 13 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$42.50$47.501:2Aug 21-$0.85$4.15
$52.50$55.001:2Jul 17-$0.06$2.44
$42.50$45.001:2Jul 17-$0.71$1.79
$52.50$55.001:2Aug 21-$0.91$1.59
$50.00$52.501:2Aug 21-$1.15$1.35
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$42.501:2Jul 17$0.00$2.50
$52.50$50.001:2Jul 17-$0.10$2.40
$42.50$40.001:2Jul 17-$0.15$2.35
$42.50$40.001:2Aug 21-$0.20$2.30
$45.00$42.501:2Aug 21-$0.75$1.75

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 4 found (best yield 5.43%, avg 3.19%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$50.00Aug 21$2.600.464.4%5.43%9.86%30260
$52.50Aug 21$1.900.369.7%3.97%13.62%50422
$55.00Aug 21$1.350.2814.9%2.82%17.69%121.1K
$50.00Jul 17$0.250.224.4%0.52%4.95%633.7K

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 324
Total Puts 512
Put/Call Ratio 1.58
Net Difference -188

Prior's Put/Call Breakdown

Total Calls 328
Total Puts 323
Put/Call Ratio 0.98
Net Difference 5

Prior 7-Day Put/Call Summary

Total Calls 51,577
Total Puts 5,052
Average Put/Call Ratio 0.47
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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