Tour v366
ALK
ALASKA AIR GROUP INC
$46.04 +1.16%
$46.65 (+1.32%)🌙
as of 07/20 06:00 PM
(7/20 14:05) ◀
|
Monday, July 20, 2026 (6:00pm)
January 2026
|
▶
◀ 7/20 18:00

Option Volume

Detail
ℹ
Current (07/20) 5,349
Calls: 1,944 (36%)
Puts: 3,405 (64%)
Prior (07/17) 1,710
Calls: 843 (49%)
Puts: 867 (51%)
Current vs Prior +212.81%
Calls: +130.60% (Calls)
Puts: +292.73% (Puts)
Prior 7-Day Total 54,616
Calls: 49,443 (91%)
Puts: 5,173 (9%)
Prior 7-Day Average 7,802
Calls: 7,063 (91%)
Puts: 739 (9%)
Current vs Prior 7-Day Avg -31.44%
Calls: -72.48%
Puts: +360.76%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/20) $1.32M
Calls: $474.6K (36%)
Puts: $844.0K (64%)
Prior (07/17) $487.1K
Calls: $296.5K (61%)
Puts: $190.6K (39%)
Current vs Prior +170.71%
Calls: +60.07%
Puts: +342.83%
Prior 7-Day Total $5.66M
Calls: $4.17M (74%)
Puts: $1.49M (26%)
Prior 7-Day Average $808.8K
Calls: $595.4K (74%)
Puts: $213.4K (26%)
Current vs Prior 7-Day Avg +63.03%
Calls: -20.28%
Puts: +295.43%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/20) 1.75
Prior (07/17) 1.03
Current vs Prior +70.31%
Prior 7-Day Average 0.78
Current vs Prior 7-Day Avg +125.67%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/20) 86,380
Calls: 61,269 (71%)
Puts: 25,111 (29%)
Prior (07/17) 134,401
Calls: 98,458 (73%)
Puts: 35,943 (27%)
Current vs Prior -35.73%
Prior 7-Day Total 988,730
Calls: 740,260 (75%)
Puts: 248,470 (25%)
Prior 7-Day Average 141,247
Calls: 105,751 (75%)
Puts: 35,495 (25%)
Current vs Prior 7-Day Avg -38.84%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)
Current 15.31% | 19.77%
Prior 15.16% | 19.67%
Current vs Prior +1.00% | +0.51%
Prior 7-Day Avg 7.71% | 17.50%
Current vs 7-Day Avg +98.64% | +12.95%
Prior 7-Day Eod 15.16% | 19.67%
Current vs 7-Day Eod +1.00% | +0.51%
Sentiment BEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 11.34% | 7.18%
Calls: 15.10% | 12.35%
Puts: 7.59% | 2.02%
Prior 6.07% | 7.58%
Calls: 5.56% | 6.19%
Puts: 6.58% | 8.96%
Current vs Prior +86.82% | -5.28%
Prior 7-Day Avg 6.07% | 7.58%
Calls: 5.56% | 6.19%
Puts: 6.58% | 8.96%
Current vs 7-Day Avg +86.82% | -5.28%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bearish flow with 64% put dollar volume ($844.0K). Massive premium surge with dollar volume up 171% vs prior. Dollar volume significantly above 7-day average (63% higher). Unusually high activity with volume up 213% vs prior - elevated interest.

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 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 8.4%, best 6.6%)

CALLS (0)
No calls meet the criteria
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Aug 217.307.80$7.556.6%--0.7346
$57.50Aug 2111.3012.30$11.808.5%--0.8519
$50.00Aug 215.405.90$5.658.8%30.62134
$47.50Aug 213.904.30$4.109.8%40.5261

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. 10 found (avg delta 0.75, highest 0.93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 2111.1012.40$11.7511.1%500.9380
$37.50Aug 218.6010.10$9.3516.0%--0.8818
$40.00Aug 217.108.00$7.5511.9%--0.8026
$42.50Aug 215.406.00$5.7010.5%20.7120
$45.00Aug 214.004.50$4.2511.8%100.6010
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$57.50Aug 2111.3012.30$11.808.5%--0.8519
$55.00Aug 219.0010.00$9.5010.5%--0.8037
$52.50Aug 217.307.80$7.556.6%--0.7346
$50.00Aug 215.405.90$5.658.8%30.62134
$47.50Aug 213.904.30$4.109.8%40.5261

Most actively traded options today. High liquidity = easy entry/exit. 16 active (total vol 4.2K, top 2.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Aug 211.251.50$1.3818.1%5190.28481
$47.50Aug 212.853.20$3.0311.6%3800.49194
$50.00Aug 212.002.30$2.1514.0%2970.38319
$55.00Aug 210.801.10$0.9531.6%1080.211.2K
$57.50Aug 210.500.90$0.7057.1%600.16182
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 212.603.00$2.8014.3%2.4K0.41198
$40.00Aug 211.051.20$1.1313.3%1720.20523
$37.50Aug 210.500.70$0.6033.3%870.12110
$42.50Aug 211.552.05$1.8027.8%780.29510
$32.50Aug 210.100.25$0.1883.3%130.0454

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

No setups found for this strategy

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 13 found (best R:R 15.67, avg 4.08)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$55.00$57.50Aug 21$0.25$2.25$0.259.00$55.25
$52.50$55.00Aug 21$0.43$2.07$0.434.81$52.93
$50.00$52.50Aug 21$0.77$1.73$0.772.25$50.77
$47.50$50.00Aug 21$0.88$1.62$0.881.84$48.38
$45.00$47.50Aug 21$1.22$1.28$1.221.05$46.22
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$35.00$32.50Aug 21$0.15$2.35$0.1515.67$34.85
$37.50$35.00Aug 21$0.27$2.23$0.278.26$37.23
$40.00$37.50Aug 21$0.53$1.97$0.533.72$39.47
$42.50$40.00Aug 21$0.67$1.83$0.672.73$41.83
$45.00$42.50Aug 21$1.00$1.50$1.001.50$44.00

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 18 found (best R:R 11.50, avg 1.75)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$40.00$42.50Aug 21$1.85$1.85$0.652.85$41.85
$37.50$40.00Aug 21$1.80$1.80$0.702.57$39.30
$42.50$45.00Aug 21$1.45$1.45$1.051.38$43.95
$45.00$47.50Aug 21$1.22$1.22$1.280.95$46.22
$47.50$50.00Aug 21$0.88$0.88$1.620.54$48.38
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$57.50$55.00Aug 21$2.30$2.30$0.2011.50$55.20
$55.00$52.50Aug 21$1.95$1.95$0.553.55$53.05
$52.50$50.00Aug 21$1.90$1.90$0.603.17$50.60
$50.00$47.50Aug 21$1.55$1.55$0.951.63$48.45
$47.50$45.00Aug 21$1.30$1.30$1.201.08$46.20

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 10 found (cheapest 15.31% of stock, avg 20.00%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$45.00Aug 21$4.25$2.80$7.05$37.95$52.0515.31%
$47.50Aug 21$3.03$4.10$7.13$40.37$54.6315.49%
$42.50Aug 21$5.70$1.80$7.50$35.00$50.0016.29%
$50.00Aug 21$2.15$5.65$7.80$42.20$57.8016.94%
$40.00Aug 21$7.55$1.13$8.68$31.32$48.6818.85%
$52.50Aug 21$1.38$7.55$8.93$43.57$61.4319.40%
$37.50Aug 21$9.35$0.60$9.95$27.55$47.4521.61%
$55.00Aug 21$0.95$9.50$10.45$44.55$65.4522.70%
$35.00Aug 21$11.75$0.33$12.08$22.92$47.0826.24%
$57.50Aug 21$0.70$11.80$12.50$45.00$70.0027.15%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 25 found (cheapest 2.24% of stock, avg 6.46%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$57.50$35.00Aug 21$0.70$0.33$1.03$33.97$58.53
$55.00$35.00Aug 21$0.95$0.33$1.28$33.72$56.28
$57.50$37.50Aug 21$0.70$0.60$1.30$36.20$58.80
$55.00$37.50Aug 21$0.95$0.60$1.55$35.95$56.55
$52.50$35.00Aug 21$1.38$0.33$1.71$33.29$54.21
$57.50$40.00Aug 21$0.70$1.13$1.83$38.17$59.33
$52.50$37.50Aug 21$1.38$0.60$1.98$35.52$54.48
$55.00$40.00Aug 21$0.95$1.13$2.08$37.92$57.08
$50.00$35.00Aug 21$2.15$0.33$2.48$32.52$52.48
$57.50$42.50Aug 21$0.70$1.80$2.50$40.00$60.00

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 36 found (best R:R 6.14, avg credit $1.42)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
50/5255/58Aug 21$2.15$0.356.14$50.35$57.15
35/3840/42Aug 21$2.12$0.385.58$35.38$42.12
45/4850/52Aug 21$2.07$0.434.81$45.43$52.07
32/3540/42Aug 21$2.00$0.504.00$33.00$42.00
38/4042/45Aug 21$1.98$0.523.81$38.02$44.48
48/5052/55Aug 21$1.98$0.523.81$48.02$54.48
32/3538/40Aug 21$1.95$0.553.55$33.05$39.45
40/4245/48Aug 21$1.89$0.613.10$40.61$46.89
42/4548/50Aug 21$1.88$0.623.03$43.12$49.38
48/5055/58Aug 21$1.80$0.702.57$48.20$56.80

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 16 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$47.50$50.00$52.50Aug 21$0.11$2.3921.73
$52.50$55.00$57.50Aug 21$0.18$2.3212.89
$42.50$45.00$47.50Aug 21$0.23$2.279.87
$45.00$47.50$50.00Aug 21$0.34$2.166.35
$50.00$52.50$55.00Aug 21$0.34$2.166.35
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$50.00$52.50$55.00Aug 21$0.05$2.4549.00
$32.50$35.00$37.50Aug 21$0.12$2.3819.83
$37.50$40.00$42.50Aug 21$0.14$2.3616.86
$45.00$47.50$50.00Aug 21$0.25$2.259.00
$35.00$37.50$40.00Aug 21$0.26$2.248.62

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 11 found (best net $-0.03, 11 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$55.00$57.501:2Aug 21-$0.45$2.05
$52.50$55.001:2Aug 21-$0.52$1.98
$50.00$52.501:2Aug 21-$0.61$1.89
$47.50$50.001:2Aug 21-$1.27$1.23
$45.00$47.501:2Aug 21-$1.81$0.69
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$35.00$32.501:2Aug 21-$0.03$2.47
$37.50$35.001:2Aug 21-$0.06$2.44
$40.00$37.501:2Aug 21-$0.07$2.43
$42.50$40.001:2Aug 21-$0.46$2.04
$45.00$42.501:2Aug 21-$0.80$1.70

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 5 found (best yield 6.19%, avg 3.22%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$47.50Aug 21$2.850.493.2%6.19%9.36%380194
$50.00Aug 21$2.000.388.6%4.34%12.95%297319
$52.50Aug 21$1.250.2814.0%2.72%16.75%519481
$55.00Aug 21$0.800.2119.5%1.74%21.20%1081.2K
$57.50Aug 21$0.500.1624.9%1.09%25.98%60182

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 1,944
Total Puts 3,405
Put/Call Ratio 1.75
Net Difference -1,461

Prior's Put/Call Breakdown

Total Calls 843
Total Puts 867
Put/Call Ratio 1.03
Net Difference -24

Prior 7-Day Put/Call Summary

Total Calls 49,443
Total Puts 5,173
Average Put/Call Ratio 0.78
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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