Tour v494
LUV
SOUTHWEST AIRLS CO
$47.05 +0.23%
$47.15 (+0.20%)🌙
as of 08/07 06:06 PM
(8/6 18:12) ◀
|
Friday, August 7, 2026 (6:06pm)
January 2026
|
▶ (8/10 18:08)
◀ 8/7 18:06 ▶

Option Volume

Detail
ℹ
Current (08/07) 7,553
Calls: 4,553 (60%)
Puts: 3,000 (40%)
Prior (08/06) 10,115
Calls: 7,415 (73%)
Puts: 2,700 (27%)
Current vs Prior -25.33%
Calls: -38.60% (Calls)
Puts: +11.11% (Puts)
Prior 7-Day Total 56,509
Calls: 33,131 (59%)
Puts: 23,378 (41%)
Prior 7-Day Average 8,072
Calls: 4,733 (59%)
Puts: 3,339 (41%)
Current vs Prior 7-Day Avg -6.44%
Calls: -3.80%
Puts: -10.17%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/07) $1.65M
Calls: $1.10M (67%)
Puts: $551.0K (33%)
Prior (08/06) $2.51M
Calls: $1.84M (73%)
Puts: $666.9K (27%)
Current vs Prior -34.19%
Calls: -40.28%
Puts: -17.38%
Prior 7-Day Total $13.28M
Calls: $7.97M (60%)
Puts: $5.31M (40%)
Prior 7-Day Average $1.90M
Calls: $1.14M (60%)
Puts: $758.9K (40%)
Current vs Prior 7-Day Avg -13.01%
Calls: -3.42%
Puts: -27.40%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/07) 0.66
Prior (08/06) 0.36
Current vs Prior +80.96%
Prior 7-Day Average 0.93
Current vs Prior 7-Day Avg -29.15%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/07) 240,857
Calls: 142,045 (59%)
Puts: 98,812 (41%)
Prior (08/06) 128,842
Calls: 88,038 (68%)
Puts: 40,804 (32%)
Current vs Prior +86.94%
Prior 7-Day Total 1,035,131
Calls: 652,436 (63%)
Puts: 382,695 (37%)
Prior 7-Day Average 147,875
Calls: 93,205 (63%)
Puts: 54,670 (37%)
Current vs Prior 7-Day Avg +62.88%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 1.23% | 4.44%6.80% | 10.24%
Prior 2.96% | 5.43%6.41% | 11.01%
Current vs Prior +50.01% | +25.20%+6.06% | -6.99%
Prior 7-Day Avg 4.06% | 6.23%8.25% | 11.85%
Current vs 7-Day Avg +9.43% | +9.24%-17.53% | -13.57%
Prior 7-Day Eod 2.96% | 5.43%6.41% | 11.01%
Current vs 7-Day Eod +50.01% | +25.20%+6.06% | -6.99%
Sentiment BEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 14.43% | 12.34%
Calls: 15.34% | 16.11%
Puts: 13.53% | 8.57%
Prior 14.43% | 12.34%
Calls: 15.34% | 16.11%
Puts: 13.53% | 8.57%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 14.43% | 12.34%
Calls: 15.34% | 16.11%
Puts: 13.53% | 8.57%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 67% call dollar volume ($1.10M). Bullish P/C ratio of 0.66. P/C ratio rising 81% - increased hedging/bearish positioning. Rising open interest (up 87%) indicates new positions being established.

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 BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
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 -- of results (avg --%, best --%)

No options available for this category

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.67, cheapest $0.49)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.00Sep 40.450.53$0.4916.3%--0.1814
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 280.780.91$0.8515.3%230.3052

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 76 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Aug 77.159.45$8.3027.7%91.0010
$40.00Aug 75.858.30$7.0834.6%131.0019
$41.00Aug 75.557.30$6.4327.2%81.00127
$41.50Aug 75.005.90$5.4516.5%11.0046
$42.00Aug 74.555.30$4.9315.2%21.0048
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Aug 215.959.85$7.9049.4%--1.0059
$52.50Aug 215.206.25$5.7318.3%--0.97184
$47.50Aug 70.010.80$0.41192.7%90.9732
$49.00Aug 71.083.85$2.47112.1%120.9616
$48.00Aug 70.511.30$0.9186.8%80.9667

Most actively traded options today. High liquidity = easy entry/exit. 153 active (total vol 5.8K, top 1.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Sep 182.142.39$2.2711.0%1.6K0.494.6K
$55.00Sep 180.240.38$0.3145.2%1780.1218.8K
$48.00Aug 210.741.14$0.9442.6%1600.431.6K
$50.00Aug 140.090.20$0.1573.3%1500.122.3K
$50.00Sep 181.141.38$1.2619.0%920.3414.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 140.050.35$0.20150.0%2760.18378
$52.50Sep 185.856.80$6.3215.0%2660.801.7K
$48.00Aug 211.541.99$1.7725.4%2070.5958
$46.50Aug 210.751.33$1.0455.8%1770.4038
$49.50Aug 211.454.30$2.8899.0%1350.783

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 48 strikes (avg 1279.2%, max 3634.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$45.00Aug 7Sep 181313.2%36.6%3483.1%105.1K
$40.00Aug 7Sep 181299.3%38.6%3266.5%132.5K
$55.00Aug 7Sep 18903.9%36.6%2366.8%17818.9K
$54.00Aug 7Sep 4922.3%40.8%2161.0%1101
$42.50Aug 7Sep 18727.9%36.6%1887.4%33.6K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$44.50Aug 7Aug 211454.5%38.9%3634.9%3436
$39.00Aug 7Aug 282902.1%78.4%3599.4%290
$45.00Aug 7Sep 181313.2%36.6%3483.1%1163.6K
$40.00Aug 7Sep 181299.3%38.6%3266.5%284.9K
$40.50Aug 7Aug 142513.6%83.4%2915.4%310

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 74 found (best R:R 12.04, avg 2.79)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$54.00$55.00Aug 21$0.10$0.90$0.109.00$54.10
$52.00$53.00Aug 14$0.12$0.88$0.127.33$52.12
$50.00$52.00Sep 4$0.24$1.76$0.247.33$50.24
$47.00$48.00Sep 11$0.13$0.87$0.136.69$47.13
$52.50$55.00Sep 18$0.33$2.17$0.336.58$52.83
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$41.00$38.00Sep 11$0.23$2.77$0.2312.04$40.77
$44.00$42.00Sep 4$0.20$1.80$0.209.00$43.80
$42.00$41.00Aug 28$0.11$0.89$0.118.09$41.89
$42.00$41.00Sep 4$0.14$0.86$0.146.14$41.86
$42.50$40.00Sep 18$0.35$2.15$0.356.14$42.15

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 97 found (best R:R 6.58, avg 1.36)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$38.00$46.00Sep 4$6.77$6.77$1.235.50$44.77
$40.00$42.50Sep 18$2.08$2.08$0.424.95$42.08
$42.00$44.00Aug 14$1.63$1.63$0.374.41$43.63
$46.00$46.50Aug 14$0.40$0.40$0.104.00$46.40
$44.00$46.00Aug 28$1.54$1.54$0.463.35$45.54
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$55.00$52.50Aug 21$2.17$2.17$0.336.58$52.83
$50.00$49.00Aug 28$0.86$0.86$0.146.14$49.14
$51.00$50.00Aug 28$0.85$0.85$0.155.67$50.15
$52.50$50.00Sep 18$2.02$2.02$0.484.21$50.48
$47.00$46.00Aug 28$0.77$0.77$0.233.35$46.23

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 36 found (avg debit $0.45, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$51.00Aug 7Aug 14$0.10528.8%45.7%
$50.00Aug 7Aug 14$0.12506.3%40.9%
$49.50Aug 7Aug 14$0.15367.3%37.3%
$49.00Aug 7Aug 14$0.19330.6%36.3%
$53.00Aug 7Aug 14$0.25662.3%74.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$48.50Aug 7Aug 14$0.08270.9%39.8%
$49.50Aug 14Aug 21$0.1037.3%32.8%
$44.00Aug 7Aug 14$0.11461.5%36.9%
$42.00Aug 7Aug 14$0.17737.9%62.3%
$50.00Aug 7Aug 14$0.20506.3%40.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 72 found (cheapest 0.89% of stock, avg 8.26%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$47.50Aug 7$0.01$0.41$0.42$47.08$47.920.89%
$47.00Aug 7$0.17$0.27$0.44$46.56$47.440.94%
$46.50Aug 7$0.50$0.12$0.62$45.88$47.121.32%
$48.00Aug 7$0.01$0.91$0.92$47.08$48.921.96%
$46.00Aug 7$1.04$0.11$1.15$44.85$47.152.44%
$45.50Aug 7$1.65$0.04$1.69$43.81$47.193.59%
$48.50Aug 7$0.02$1.73$1.75$46.75$50.253.72%
$47.50Aug 14$0.75$1.09$1.84$45.66$49.343.91%
$46.50Aug 14$1.27$0.61$1.88$44.62$48.384.00%
$48.00Aug 14$0.60$1.54$2.14$45.86$50.144.55%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 133 found (cheapest 0.60% of stock, avg 3.57%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$47.00$46.00Aug 7$0.17$0.11$0.28$45.72$47.28
$47.00$46.50Aug 7$0.17$0.12$0.29$46.21$47.29
$48.50$45.00Aug 14$0.38$0.20$0.58$44.42$49.08
$55.00$40.00Sep 18$0.31$0.30$0.61$39.39$55.61
$48.50$42.50Aug 14$0.38$0.32$0.70$41.80$49.20
$54.00$42.00Sep 4$0.27$0.49$0.76$41.24$54.76
$48.00$45.00Aug 14$0.60$0.20$0.80$44.20$48.80
$52.00$43.00Aug 28$0.34$0.51$0.85$42.15$52.85
$52.00$44.00Aug 28$0.34$0.52$0.86$43.14$52.86
$48.50$46.00Aug 14$0.38$0.51$0.89$45.11$49.39

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 111 found (best R:R 15.67, avg credit $0.75)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
40/4042/44Aug 14$1.88$0.1215.67$38.62$43.88
38/3944/46Aug 28$1.84$0.1611.50$37.16$45.84
44/4553/54Sep 4$0.90$0.109.00$44.10$53.90
42/4344/46Aug 28$1.79$0.218.52$41.21$45.79
40/4147/48Sep 4$0.89$0.118.09$40.11$47.89
46/4748/50Sep 4$1.77$0.237.70$45.23$49.77
44/4546/47Aug 28$0.86$0.146.14$44.14$46.86
41/4247/48Sep 4$0.86$0.146.14$41.14$47.86
48/5052/55Sep 18$2.08$0.424.95$47.92$54.58
38/3946/47Aug 28$0.83$0.174.88$38.17$46.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 55 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$50.00$51.00$52.00Aug 28$0.09$0.9110.11
$50.00$51.00$52.00Aug 21$0.10$0.909.00
$50.00$52.50$55.00Sep 18$0.29$2.217.62
$42.50$45.00$47.50Sep 18$0.32$2.186.81
$45.50$46.00$46.50Aug 7$0.07$0.436.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$40.00$41.00$42.00Aug 28$0.06$0.9415.67
$47.50$50.00$52.50Sep 18$0.27$2.238.26
$41.00$42.00$43.00Sep 11$0.11$0.898.09
$41.00$41.50$42.00Aug 7$0.06$0.447.33
$44.00$44.50$45.00Aug 14$0.06$0.447.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 91 found (best net $-0.91, 73 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$38.00$42.001:2Aug 14-$0.91$3.09
$50.00$52.501:2Sep 18-$0.02$2.48
$47.50$50.001:2Sep 18-$0.25$2.25
$48.00$50.001:2Sep 4-$0.18$1.82
$50.00$52.001:2Sep 4-$0.25$1.75
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.50$45.001:2Sep 18-$0.27$2.23
$44.00$42.001:2Sep 4-$0.29$1.71
$50.00$47.501:2Sep 18-$0.80$1.70
$50.00$48.001:2Sep 4-$1.04$0.96
$41.00$40.001:2Aug 28-$0.05$0.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 29 found (best yield 4.55%, avg 1.23%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$47.50Sep 18$2.140.491.0%4.55%5.50%1.6K4.6K
$48.00Sep 11$1.510.442.0%3.21%5.23%1720
$50.00Sep 18$1.140.346.3%2.42%8.69%9214.7K
$48.00Aug 28$1.040.442.0%2.21%4.23%17333
$47.50Aug 21$0.960.501.0%2.04%3.00%23505
$49.00Sep 11$0.820.374.1%1.74%5.89%--12
$50.00Sep 11$0.770.316.3%1.64%7.91%10179
$48.00Aug 21$0.740.432.0%1.57%3.59%1601.6K
$49.00Aug 28$0.730.374.1%1.55%5.70%--33
$48.00Sep 4$0.710.412.0%1.51%3.53%110

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 4,553
Total Puts 3,000
Put/Call Ratio 0.66
Net Difference 1,553

Prior's Put/Call Breakdown

Total Calls 7,415
Total Puts 2,700
Put/Call Ratio 0.36
Net Difference 4,715

Prior 7-Day Put/Call Summary

Total Calls 33,131
Total Puts 23,378
Average Put/Call Ratio 0.93
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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