Tour v344
ALK
ALASKA AIR GROUP INC
$47.62 -0.54%
$47.28 (-0.71%)🌙
as of 07/16 06:00 PM
(7/15 18:04) ◀
|
Thursday, July 16, 2026 (6:00pm)
January 2026
|
▶ (7/17 18:02)
◀ 7/16 18:00 ▶

Option Volume

Detail
ℹ
Current (07/16) 1,299
Calls: 522 (40%)
Puts: 777 (60%)
Prior (07/15) 836
Calls: 324 (39%)
Puts: 512 (61%)
Current vs Prior +55.38%
Calls: +61.11% (Calls)
Puts: +51.76% (Puts)
Prior 7-Day Total 56,094
Calls: 51,202 (91%)
Puts: 4,892 (9%)
Prior 7-Day Average 8,013
Calls: 7,314 (91%)
Puts: 698 (9%)
Current vs Prior 7-Day Avg -83.79%
Calls: -92.86%
Puts: +11.18%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/16) $575.4K
Calls: $268.0K (47%)
Puts: $307.4K (53%)
Prior (07/15) $184.2K
Calls: $101.9K (55%)
Puts: $82.3K (45%)
Current vs Prior +212.45%
Calls: +163.01%
Puts: +273.69%
Prior 7-Day Total $5.78M
Calls: $4.50M (78%)
Puts: $1.28M (22%)
Prior 7-Day Average $825.3K
Calls: $643.0K (78%)
Puts: $182.3K (22%)
Current vs Prior 7-Day Avg -30.28%
Calls: -58.32%
Puts: +68.66%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/16) 1.49
Prior (07/15) 1.58
Current vs Prior -5.81%
Prior 7-Day Average 0.55
Current vs Prior 7-Day Avg +168.56%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/16) 134,310
Calls: 98,340 (73%)
Puts: 35,970 (27%)
Prior (07/15) 134,079
Calls: 98,306 (73%)
Puts: 35,773 (27%)
Current vs Prior +0.17%
Prior 7-Day Total 1,020,666
Calls: 775,191 (76%)
Puts: 245,475 (24%)
Prior 7-Day Average 145,809
Calls: 110,741 (76%)
Puts: 35,067 (24%)
Current vs Prior 7-Day Avg -7.89%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/17) | Next (08/21)Expiry (07/17) | Next (08/21)
Current 3.70% | 15.64%3.70% | 15.64%
Prior 4.82% | 15.46%4.82% | 15.46%
Current vs Prior -23.39% | +1.23%-23.39% | +1.23%
Prior 7-Day Avg 7.83% | 17.81%7.83% | 17.81%
Current vs 7-Day Avg -52.77% | -12.14%-52.77% | -12.14%
Prior 7-Day Eod 4.82% | 15.46%4.82% | 15.46%
Current vs 7-Day Eod -23.39% | +1.23%-23.39% | +1.23%
Sentiment BULLISHBULLISH

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

Massive premium surge with dollar volume up 212% vs prior. Above-average activity with volume up 55% vs prior. Bearish P/C ratio of 1.49 indicates protective positioning. Call-heavy open interest (98,340 calls vs 35,970 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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 5 of results (avg 7.2%, best 4.5%)

CALLS (0)
No calls meet the criteria
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Aug 216.506.80$6.654.5%--0.6546
$55.00Aug 218.208.60$8.404.8%--0.7436
$47.50Aug 213.503.80$3.658.2%200.4633
$45.00Aug 212.302.50$2.408.3%100.35153
$50.00Aug 214.805.30$5.059.9%370.5697

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 0.79, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Jul 172.453.00$2.7320.1%370.962.8K
$40.00Jul 177.208.30$7.7514.2%210.95570
$42.50Jul 174.505.50$5.0020.0%--0.951.4K
$40.00Aug 218.109.00$8.5510.5%210.848
$47.50Aug 213.604.00$3.8010.5%80.54153
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Jul 176.308.20$7.2526.2%1560.98104
$52.50Jul 173.805.60$4.7038.3%1580.97328
$50.00Jul 172.152.90$2.5329.6%1090.861.1K
$55.00Aug 218.208.60$8.404.8%--0.7436
$52.50Aug 216.506.80$6.654.5%--0.6546

Most actively traded options today. High liquidity = easy entry/exit. 22 active (total vol 874, top 158)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Jul 172.453.00$2.7320.1%370.962.8K
$50.00Jul 170.100.20$0.1566.7%370.143.6K
$55.00Jul 170.000.05$0.03166.7%250.027.3K
$40.00Jul 177.208.30$7.7514.2%210.95570
$40.00Aug 218.109.00$8.5510.5%210.848
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Jul 173.805.60$4.7038.3%1580.97328
$55.00Jul 176.308.20$7.2526.2%1560.98104
$50.00Jul 172.152.90$2.5329.6%1090.861.1K
$42.50Aug 211.401.70$1.5519.4%710.25339
$45.00Jul 170.000.15$0.08187.5%370.091.8K

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 99.9%, max 242.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Jul 17Aug 21209.5%61.2%242.1%42578
$55.00Jul 17Aug 21140.4%62.3%125.4%388.4K
$52.50Jul 17Aug 21102.1%64.9%57.3%3012.6K
$47.50Jul 17Aug 2191.5%61.4%49.1%261.7K
$50.00Jul 17Aug 2191.6%65.0%40.9%463.9K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Jul 17Aug 21209.5%61.2%242.1%111.1K
$42.50Jul 17Aug 21148.0%62.1%138.2%812.1K
$55.00Jul 17Aug 21140.4%62.3%125.4%156140
$52.50Jul 17Aug 21102.1%64.9%57.3%158374
$47.50Jul 17Aug 2191.5%61.4%49.1%56722

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 13 found (best R:R 19.83, avg 2.96)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$50.00$52.50Jul 17$0.12$2.38$0.1219.83$50.12
$47.50$50.00Jul 17$0.73$1.77$0.732.42$48.23
$52.50$55.00Aug 21$0.73$1.77$0.732.42$53.23
$50.00$52.50Aug 21$0.80$1.70$0.802.12$50.80
$47.50$50.00Aug 21$0.97$1.53$0.971.58$48.47
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$42.50$40.00Aug 21$0.70$1.80$0.702.57$41.80
$47.50$45.00Jul 17$0.80$1.70$0.802.12$46.70
$45.00$42.50Aug 21$0.85$1.65$0.851.94$44.15
$47.50$45.00Aug 21$1.25$1.25$1.251.00$46.25
$50.00$47.50Aug 21$1.40$1.10$1.400.79$48.60

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 17 found (best R:R 9.87, avg 1.92)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$42.50$45.00Jul 17$2.27$2.27$0.239.87$44.77
$45.00$47.50Jul 17$1.85$1.85$0.652.85$46.85
$40.00$47.50Aug 21$4.75$4.75$2.751.73$44.75
$47.50$50.00Aug 21$0.97$0.97$1.530.63$48.47
$50.00$52.50Aug 21$0.80$0.80$1.700.47$50.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.50$50.00Jul 17$2.17$2.17$0.336.58$50.33
$55.00$52.50Aug 21$1.75$1.75$0.752.33$53.25
$50.00$47.50Jul 17$1.65$1.65$0.851.94$48.35
$52.50$50.00Aug 21$1.60$1.60$0.901.78$50.90
$50.00$47.50Aug 21$1.40$1.40$1.101.27$48.60

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $1.88, cheapest $0.75)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$40.00Jul 17Aug 21$0.80209.5%61.2%
$55.00Jul 17Aug 21$1.27140.4%62.3%
$52.50Jul 17Aug 21$2.00102.1%64.9%
$50.00Jul 17Aug 21$2.6891.6%65.0%
$47.50Jul 17Aug 21$2.9291.5%61.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$40.00Jul 17Aug 21$0.75209.5%61.2%
$55.00Jul 17Aug 21$1.15140.4%62.3%
$42.50Jul 17Aug 21$1.45148.0%62.1%
$52.50Jul 17Aug 21$1.95102.1%64.9%
$45.00Jul 17Aug 21$2.3279.2%60.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 12 found (cheapest 3.70% of stock, avg 13.18%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$47.50Jul 17$0.88$0.88$1.76$45.74$49.263.70%
$50.00Jul 17$0.15$2.53$2.68$47.32$52.685.63%
$45.00Jul 17$2.73$0.08$2.81$42.19$47.815.90%
$52.50Jul 17$0.03$4.70$4.73$47.77$57.239.93%
$42.50Jul 17$5.00$0.10$5.10$37.40$47.6010.71%
$55.00Jul 17$0.03$7.25$7.28$47.72$62.2815.29%
$47.50Aug 21$3.80$3.65$7.45$40.05$54.9515.64%
$40.00Jul 17$7.75$0.10$7.85$32.15$47.8516.48%
$50.00Aug 21$2.83$5.05$7.88$42.12$57.8816.55%
$52.50Aug 21$2.03$6.65$8.68$43.82$61.1818.23%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 15 found (cheapest 0.48% of stock, avg 7.21%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$50.00$45.00Jul 17$0.15$0.08$0.23$44.77$50.23
$50.00$42.50Jul 17$0.15$0.10$0.25$42.25$50.25
$50.00$47.50Jul 17$0.15$0.88$1.03$46.47$51.03
$55.00$40.00Aug 21$1.30$0.85$2.15$37.85$57.15
$55.00$42.50Aug 21$1.30$1.55$2.85$39.65$57.85
$52.50$40.00Aug 21$2.03$0.85$2.88$37.12$55.38
$52.50$42.50Aug 21$2.03$1.55$3.58$38.92$56.08
$50.00$40.00Aug 21$2.83$0.85$3.68$36.32$53.68
$55.00$45.00Aug 21$1.30$2.40$3.70$41.30$58.70
$50.00$42.50Aug 21$2.83$1.55$4.38$38.12$54.38

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 10 found (best R:R 5.76, avg credit $1.67)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
48/5052/55Aug 21$2.13$0.375.76$47.87$54.63
45/4850/52Aug 21$2.05$0.454.56$45.45$52.05
45/4852/55Aug 21$1.98$0.523.81$45.52$54.48
42/4548/50Aug 21$1.82$0.682.68$43.18$49.32
40/4248/50Aug 21$1.67$0.832.01$40.83$49.17
42/4550/52Aug 21$1.65$0.851.94$43.35$51.65
42/4552/55Aug 21$1.58$0.921.72$43.42$54.08
40/4250/52Aug 21$1.50$1.001.50$41.00$51.50
40/4252/55Aug 21$1.43$1.071.34$41.07$53.93
45/4850/52Jul 17$0.92$1.580.58$46.58$50.92

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 16 found (best R:R 34.71, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$50.00$52.50$55.00Aug 21$0.07$2.4334.71
$50.00$52.50$55.00Jul 17$0.12$2.3819.83
$47.50$50.00$52.50Aug 21$0.17$2.3313.71
$42.50$45.00$47.50Jul 17$0.42$2.084.95
$40.00$42.50$45.00Jul 17$0.48$2.024.21
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$40.00$42.50$45.00Aug 21$0.15$2.3515.67
$45.00$47.50$50.00Aug 21$0.15$2.3515.67
$50.00$52.50$55.00Aug 21$0.15$2.3515.67
$47.50$50.00$52.50Aug 21$0.20$2.3011.50
$50.00$52.50$55.00Jul 17$0.38$2.125.58

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 20 found (best net $-0.03, 14 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$52.50$55.001:2Jul 17-$0.03$2.47
$42.50$45.001:2Jul 17-$0.46$2.04
$52.50$55.001:2Aug 21-$0.57$1.93
$50.00$52.501:2Aug 21-$1.23$1.27
$47.50$50.001:2Aug 21-$1.86$0.64
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$42.50$40.001:2Jul 17-$0.10$2.40
$45.00$42.501:2Jul 17-$0.12$2.38
$42.50$40.001:2Aug 21-$0.15$2.35
$52.50$50.001:2Jul 17-$0.36$2.14
$45.00$42.501:2Aug 21-$0.70$1.80

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 4 found (best yield 5.56%, avg 3.04%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$50.00Aug 21$2.650.445.0%5.56%10.56%9279
$52.50Aug 21$1.850.3510.2%3.88%14.13%14452
$55.00Aug 21$1.200.2615.5%2.52%18.02%131.1K
$50.00Jul 17$0.100.145.0%0.21%5.21%373.6K

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 522
Total Puts 777
Put/Call Ratio 1.49
Net Difference -255

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 51,202
Total Puts 4,892
Average Put/Call Ratio 0.55
Ratio Trend Falling

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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