Tour v365
ALK
ALASKA AIR GROUP INC
$46.49 +2.14%
7/20 14:05

Option Volume

Detail
Current (07/20 2:05pm) 2,534
Calls: 1,500 (59%)
Puts: 1,034 (41%)
Prior (04/20) 5,287
Calls: 2,667 (50%)
Puts: 2,620 (50%)
Current vs Prior -52.07%
Calls: -43.76% (Calls)
Puts: -60.53% (Puts)
Prior 7-Day Total 34,527
Calls: 28,524 (83%)
Puts: 6,003 (17%)
Prior 7-Day Average 17,263
Calls: 4,074 (83%)
Puts: 857 (17%)
Current vs Prior 7-Day Avg -85.32%
Calls: -63.19%
Puts: +20.57%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/20 2:05pm) $550.9K
Calls: $354.6K (64%)
Puts: $196.3K (36%)
Prior (04/20) $1.25M
Calls: $637.6K (51%)
Puts: $616.1K (49%)
Current vs Prior -56.06%
Calls: -44.38%
Puts: -68.14%
Prior 7-Day Total $12.73M
Calls: $11.48M (90%)
Puts: $1.25M (10%)
Prior 7-Day Average $6.36M
Calls: $1.64M (90%)
Puts: $179.0K (10%)
Current vs Prior 7-Day Avg -91.34%
Calls: -78.37%
Puts: +9.63%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/20 2:05pm) 0.69
Prior (04/20) 0.98
Current vs Prior -29.83%
Prior 7-Day Average 0.56
Current vs Prior 7-Day Avg +23.84%
Sentiment BULLISH

Open Interest

Detail
Current (07/20 2:05pm) 86,380
Calls: 61,269 (71%)
Puts: 25,111 (29%)
Prior (04/20) 88,592
Calls: 56,358 (64%)
Puts: 32,234 (36%)
Current vs Prior -2.50%
Prior 7-Day Total 196,498
Calls: 117,170 (60%)
Puts: 79,328 (40%)
Prior 7-Day Average 98,249
Calls: 58,585 (60%)
Puts: 39,664 (40%)
Current vs Prior 7-Day Avg -12.08%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 14.91% | 19.36%
Prior 1.02% | 14.23%
Current vs Prior +1364.39% | +36.05%
Prior 7-Day Avg 7.23% | 16.49%
Current vs 7-Day Avg +106.07% | +17.38%
Prior 7-Day Eod 1.02% | 14.23%
Current vs 7-Day Eod +1364.39% | +36.05%
Sentiment BEARISH

Relative Spread

Detail
Expiry | Next
Current 11.34% | 7.18%
Calls: 15.10% | 12.35%
Puts: 7.59% | 2.02%
Prior 131.94% | 11.90%
Calls: 125.00% | 8.70%
Puts: 138.89% | 15.10%
Current vs Prior -91.41% | -39.66%
Prior 7-Day Avg 131.94% | 11.90%
Calls: 125.00% | 8.70%
Puts: 138.89% | 15.10%
Current vs 7-Day Avg -91.41% | -39.66%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 64% call dollar volume ($354.6K). Light premium activity with dollar volume down 56% vs prior. Below-average activity with volume down 52% vs prior. Bullish P/C ratio of 0.69.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
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 10 of results (avg 6.9%, best 3.6%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 217.407.90$7.656.5%--0.8126
$42.50Aug 215.606.00$5.806.9%20.7120
$35.00Aug 2111.3012.20$11.757.7%250.9180
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 215.405.60$5.503.6%30.62134
$45.00Aug 212.602.70$2.653.8%2270.40198
$57.50Aug 2111.3012.10$11.706.8%--0.8519
$55.00Aug 219.109.80$9.457.4%--0.8037
$47.50Aug 213.804.10$3.957.6%30.5161

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.88, cheapest $0.88)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Aug 210.800.95$0.8817.0%870.201.2K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 10 found (avg delta 0.74, highest 0.91)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 2111.3012.20$11.757.7%250.9180
$37.50Aug 218.609.90$9.2514.1%--0.8818
$40.00Aug 217.407.90$7.656.5%--0.8126
$42.50Aug 215.606.00$5.806.9%20.7120
$45.00Aug 214.004.50$4.2511.8%90.6010
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$57.50Aug 2111.3012.10$11.706.8%--0.8519
$55.00Aug 219.109.80$9.457.4%--0.8037
$52.50Aug 217.107.80$7.459.4%--0.7246
$50.00Aug 215.405.60$5.503.6%30.62134
$47.50Aug 213.804.10$3.957.6%30.5161

Most actively traded options today. High liquidity = easy entry/exit. 16 active (total vol 1.6K, top 334)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Aug 212.753.20$2.9815.1%3340.49194
$52.50Aug 211.301.45$1.3810.9%2820.28481
$50.00Aug 211.902.20$2.0514.6%2750.38319
$55.00Aug 210.800.95$0.8817.0%870.201.2K
$60.00Aug 210.300.40$0.3528.6%590.093.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 212.602.70$2.653.8%2270.40198
$37.50Aug 210.500.65$0.5726.3%760.12110
$42.50Aug 211.651.85$1.7511.4%700.29510
$40.00Aug 211.001.10$1.059.5%560.19523
$35.00Aug 210.250.40$0.3345.5%30.07106

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. 14 found (best R:R 9.42, avg 3.36)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$57.50$60.00Aug 21$0.25$2.25$0.259.00$57.75
$55.00$57.50Aug 21$0.28$2.22$0.287.93$55.28
$52.50$55.00Aug 21$0.50$2.00$0.504.00$53.00
$50.00$52.50Aug 21$0.67$1.83$0.672.73$50.67
$47.50$50.00Aug 21$0.93$1.57$0.931.69$48.43
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$37.50$35.00Aug 21$0.24$2.26$0.249.42$37.26
$40.00$37.50Aug 21$0.48$2.02$0.484.21$39.52
$42.50$40.00Aug 21$0.70$1.80$0.702.57$41.80
$45.00$42.50Aug 21$0.90$1.60$0.901.78$44.10
$47.50$45.00Aug 21$1.30$1.20$1.300.92$46.20

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 18 found (best R:R 9.00, avg 1.63)

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$1.60$1.60$0.901.78$39.10
$42.50$45.00Aug 21$1.55$1.55$0.951.63$44.05
$45.00$47.50Aug 21$1.27$1.27$1.231.03$46.27
$47.50$50.00Aug 21$0.93$0.93$1.570.59$48.43
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$57.50$55.00Aug 21$2.25$2.25$0.259.00$55.25
$55.00$52.50Aug 21$2.00$2.00$0.504.00$53.00
$52.50$50.00Aug 21$1.95$1.95$0.553.55$50.55
$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 14.84% of stock, avg 19.57%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$45.00Aug 21$4.25$2.65$6.90$38.10$51.9014.84%
$47.50Aug 21$2.98$3.95$6.93$40.57$54.4314.91%
$42.50Aug 21$5.80$1.75$7.55$34.95$50.0516.24%
$50.00Aug 21$2.05$5.50$7.55$42.45$57.5516.24%
$40.00Aug 21$7.65$1.05$8.70$31.30$48.7018.71%
$52.50Aug 21$1.38$7.45$8.83$43.67$61.3318.99%
$37.50Aug 21$9.25$0.57$9.82$27.68$47.3221.12%
$55.00Aug 21$0.88$9.45$10.33$44.67$65.3322.22%
$35.00Aug 21$11.75$0.33$12.08$22.92$47.0825.98%
$57.50Aug 21$0.60$11.70$12.30$45.20$69.8026.46%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 25 found (cheapest 2.00% of stock, avg 6.13%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$57.50$35.00Aug 21$0.60$0.33$0.93$34.07$58.43
$57.50$37.50Aug 21$0.60$0.57$1.17$36.33$58.67
$55.00$35.00Aug 21$0.88$0.33$1.21$33.79$56.21
$55.00$37.50Aug 21$0.88$0.57$1.45$36.05$56.45
$57.50$40.00Aug 21$0.60$1.05$1.65$38.35$59.15
$52.50$35.00Aug 21$1.38$0.33$1.71$33.29$54.21
$55.00$40.00Aug 21$0.88$1.05$1.93$38.07$56.93
$52.50$37.50Aug 21$1.38$0.57$1.95$35.55$54.45
$57.50$42.50Aug 21$0.60$1.75$2.35$40.15$59.85
$50.00$35.00Aug 21$2.05$0.33$2.38$32.62$52.38

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 36 found (best R:R 9.00, avg credit $1.46)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
52/5558/60Aug 21$2.25$0.259.00$52.75$59.75
50/5255/58Aug 21$2.23$0.278.26$50.27$57.23
50/5258/60Aug 21$2.20$0.307.33$50.30$59.70
35/3840/42Aug 21$2.09$0.415.10$35.41$42.09
48/5052/55Aug 21$2.05$0.454.56$47.95$54.55
38/4042/45Aug 21$2.03$0.474.32$37.97$44.53
40/4245/48Aug 21$1.97$0.533.72$40.53$46.97
45/4850/52Aug 21$1.97$0.533.72$45.53$51.97
42/4548/50Aug 21$1.83$0.672.73$43.17$49.33
48/5055/58Aug 21$1.83$0.672.73$48.17$56.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 14 found (best R:R 13.71, cheapest $0.17)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$50.00$52.50$55.00Aug 21$0.17$2.3313.71
$52.50$55.00$57.50Aug 21$0.22$2.2810.36
$47.50$50.00$52.50Aug 21$0.26$2.248.62
$42.50$45.00$47.50Aug 21$0.28$2.227.93
$40.00$42.50$45.00Aug 21$0.30$2.207.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$40.00$42.50$45.00Aug 21$0.20$2.3011.50
$37.50$40.00$42.50Aug 21$0.22$2.2810.36
$35.00$37.50$40.00Aug 21$0.24$2.269.42
$45.00$47.50$50.00Aug 21$0.25$2.259.00
$52.50$55.00$57.50Aug 21$0.25$2.259.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 12 found (best net $-0.09, 12 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$57.50$60.001:2Aug 21-$0.10$2.40
$55.00$57.501:2Aug 21-$0.32$2.18
$52.50$55.001:2Aug 21-$0.38$2.12
$50.00$52.501:2Aug 21-$0.71$1.79
$47.50$50.001:2Aug 21-$1.12$1.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$37.50$35.001:2Aug 21-$0.09$2.41
$40.00$37.501:2Aug 21-$0.09$2.41
$42.50$40.001:2Aug 21-$0.35$2.15
$45.00$42.501:2Aug 21-$0.85$1.65
$47.50$45.001:2Aug 21-$1.35$1.15

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 6 found (best yield 5.92%, avg 2.71%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$47.50Aug 21$2.750.492.2%5.92%8.09%334194
$50.00Aug 21$1.900.387.5%4.09%11.64%275319
$52.50Aug 21$1.300.2812.9%2.80%15.72%282481
$55.00Aug 21$0.800.2018.3%1.72%20.03%871.2K
$57.50Aug 21$0.500.1423.7%1.08%24.76%47182
$60.00Aug 21$0.300.0929.1%0.65%29.71%593.0K

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 1,500
Total Puts 1,034
Put/Call Ratio 0.69
Net Difference 466

Prior's Put/Call Breakdown

Total Calls 2,667
Total Puts 2,620
Put/Call Ratio 0.98
Net Difference 47

Prior 7-Day Put/Call Summary

Total Calls 28,524
Total Puts 6,003
Average Put/Call Ratio 0.56
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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