Tour v500
LUV
SOUTHWEST AIRLS CO
$44.90 -4.57%
$44.92 (+0.04%)🌙
as of 08/10 06:08 PM
8/10 18:08

Option Volume

Detail
Current (08/10) 16,595
Calls: 6,200 (37%)
Puts: 10,395 (63%)
Prior (08/07) 7,553
Calls: 4,553 (60%)
Puts: 3,000 (40%)
Current vs Prior +119.71%
Calls: +36.17% (Calls)
Puts: +246.50% (Puts)
Prior 7-Day Total 58,514
Calls: 35,477 (61%)
Puts: 23,037 (39%)
Prior 7-Day Average 8,359
Calls: 5,068 (61%)
Puts: 3,291 (39%)
Current vs Prior 7-Day Avg +98.53%
Calls: +22.33%
Puts: +215.86%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/10) $4.09M
Calls: $1.06M (26%)
Puts: $3.02M (74%)
Prior (08/07) $1.65M
Calls: $1.10M (67%)
Puts: $551.0K (33%)
Current vs Prior +147.58%
Calls: -3.41%
Puts: +448.78%
Prior 7-Day Total $13.37M
Calls: $8.36M (63%)
Puts: $5.00M (37%)
Prior 7-Day Average $1.91M
Calls: $1.19M (63%)
Puts: $715.0K (37%)
Current vs Prior 7-Day Avg +113.94%
Calls: -11.13%
Puts: +322.90%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/10) 1.68
Prior (08/07) 0.66
Current vs Prior +154.45%
Prior 7-Day Average 0.81
Current vs Prior 7-Day Avg +107.53%
Sentiment BEARISH

Open Interest

Detail
Current (08/10) 232,389
Calls: 135,889 (58%)
Puts: 96,500 (42%)
Prior (08/07) 240,857
Calls: 142,045 (59%)
Puts: 98,812 (41%)
Current vs Prior -3.52%
Prior 7-Day Total 1,177,779
Calls: 730,459 (62%)
Puts: 447,320 (38%)
Prior 7-Day Average 168,254
Calls: 104,351 (62%)
Puts: 63,902 (38%)
Current vs Prior 7-Day Avg +38.12%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/14) | Next (08/21)Expiry (08/21) | Next (09/18)
Current 4.68% | 6.04%6.04% | 10.22%
Prior 4.44% | 6.80%6.80% | 10.24%
Current vs Prior +5.29% | -11.26%-11.26% | -0.21%
Prior 7-Day Avg 3.81% | 6.18%7.81% | 11.51%
Current vs 7-Day Avg +22.70% | -2.39%-22.71% | -11.18%
Prior 7-Day Eod 4.44% | 6.80%6.80% | 10.24%
Current vs 7-Day Eod +5.29% | -11.26%-11.26% | -0.21%
Sentiment BEARISHBULLISH

Relative Spread

Detail
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 bearish flow with 74% put dollar volume ($3.02M). Massive premium surge with dollar volume up 148% vs prior. Dollar volume significantly above 7-day average (114% higher). Unusually high activity with volume up 120% 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 BULLISH
7-Day Avg NEUTRAL
Current BEARISH
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 10 of results (avg 7.1%, best 4.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Sep 181.201.26$1.234.9%1390.343.9K
$37.50Sep 187.357.85$7.606.6%--0.91310
$36.00Aug 148.609.25$8.937.3%131.00--
$40.00Sep 185.355.80$5.578.1%10.822.5K
$37.00Aug 147.608.25$7.938.2%120.99--
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Aug 217.507.90$7.705.2%--0.93184
$45.00Sep 182.262.39$2.335.6%1420.493.5K
$42.50Sep 181.221.31$1.277.1%620.323.2K
$49.00Sep 114.454.90$4.689.6%--0.7420

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.68, cheapest $0.59)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Aug 280.530.64$0.5918.6%260.26--
$50.00Sep 180.600.67$0.6410.9%1180.2114.7K
$46.50Aug 280.830.93$0.8811.4%170.35--
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Sep 180.560.65$0.6114.8%870.184.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 70 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$36.00Aug 148.609.25$8.937.3%131.00--
$37.50Aug 146.758.00$7.3816.9%10.99--
$37.00Aug 147.608.25$7.938.2%120.99--
$39.00Aug 145.006.80$5.9030.5%20.99--
$38.00Aug 145.957.60$6.7824.3%20.981
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.50Aug 141.692.20$1.9526.2%11.0026
$47.00Aug 142.122.56$2.3418.8%2331.00168
$47.50Aug 142.562.86$2.7111.1%121.0040
$48.00Aug 142.983.30$3.1410.2%221.00131
$48.50Aug 142.164.10$3.1362.0%--1.0022

Most actively traded options today. High liquidity = easy entry/exit. 144 active (total vol 10.2K, top 3.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 140.240.39$0.3246.9%5240.352.1K
$45.00Sep 182.172.36$2.268.4%4040.515.1K
$48.50Aug 210.020.24$0.13169.2%3600.1093
$50.00Aug 210.060.11$0.0955.6%2510.071.3K
$45.50Aug 210.881.11$1.0023.0%2270.4451
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Sep 183.754.20$3.9811.3%3.0K0.658.7K
$42.50Aug 140.000.35$0.18194.4%9760.1340
$43.00Aug 140.100.19$0.1560.0%5440.13164
$45.00Aug 140.651.00$0.8342.2%2800.45612
$44.00Aug 140.300.55$0.4358.1%2470.28671

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 34 strikes (avg 47.8%, max 219.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$53.00Aug 14Sep 4135.6%42.5%219.0%--414
$37.50Aug 14Sep 1891.0%42.0%116.7%1310
$40.00Aug 14Sep 1870.2%40.3%74.1%22.5K
$52.00Aug 14Sep 459.3%40.4%46.6%55338
$44.00Aug 14Aug 2152.3%38.3%36.6%2532
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$41.00Aug 14Sep 11119.8%40.3%197.1%3458
$37.50Aug 21Sep 1886.9%42.0%106.9%43.0K
$41.50Aug 14Aug 2870.6%39.2%79.8%792
$40.00Aug 14Sep 1870.2%40.3%74.1%874.5K
$42.50Aug 14Sep 1857.6%39.0%47.5%1.0K3.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 69 found (best R:R 12.33, avg 2.61)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$50.00$52.00Sep 4$0.15$1.85$0.1512.33$50.15
$47.00$48.00Sep 4$0.11$0.89$0.118.09$47.11
$50.00$52.50Sep 18$0.34$2.16$0.346.35$50.34
$50.00$51.00Aug 28$0.14$0.86$0.146.14$50.14
$49.00$50.00Sep 4$0.17$0.83$0.174.88$49.17
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$42.00$41.00Sep 4$0.10$0.90$0.109.00$41.90
$39.00$38.00Aug 21$0.11$0.89$0.118.09$38.89
$48.00$47.00Sep 4$0.11$0.89$0.118.09$47.89
$40.00$37.50Sep 18$0.35$2.15$0.356.14$39.65
$41.00$40.00Aug 28$0.15$0.85$0.155.67$40.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 90 found (best R:R 15.67, avg 1.65)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$40.00$42.00Aug 14$1.79$1.79$0.218.52$41.79
$40.00$41.00Aug 21$0.87$0.87$0.136.69$40.87
$42.00$43.50Aug 14$1.25$1.25$0.255.00$43.25
$37.50$40.00Sep 18$2.03$2.03$0.474.32$39.53
$40.00$42.50Sep 18$1.92$1.92$0.583.31$41.92
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.00$50.00Aug 21$1.88$1.88$0.1215.67$50.12
$51.00$50.00Aug 14$0.87$0.87$0.136.69$50.13
$49.00$48.00Aug 28$0.87$0.87$0.136.69$48.13
$52.00$51.00Aug 14$0.85$0.85$0.155.67$51.15
$49.00$47.00Sep 11$1.67$1.67$0.335.06$47.33

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 33 found (avg debit $0.27, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$48.50Aug 14Aug 21$0.0544.3%34.5%
$50.00Aug 14Aug 21$0.0746.3%40.0%
$49.50Aug 14Aug 21$0.1042.4%40.2%
$49.00Aug 14Aug 21$0.1338.3%39.3%
$42.00Aug 14Aug 21$0.1446.3%40.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$46.50Aug 14Aug 21$0.0635.5%35.2%
$47.50Aug 14Aug 21$0.0632.8%39.3%
$52.00Aug 14Aug 21$0.1359.3%41.2%
$42.50Aug 14Aug 21$0.1657.6%38.9%
$47.00Aug 14Aug 21$0.2032.7%36.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 64 found (cheapest 3.65% of stock, avg 9.24%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$46.00Aug 14$0.32$1.32$1.64$44.36$47.643.65%
$44.50Aug 14$1.27$0.52$1.79$42.71$46.293.99%
$44.00Aug 14$1.65$0.43$2.08$41.92$46.084.63%
$45.00Aug 14$1.27$0.83$2.10$42.90$47.104.68%
$45.50Aug 14$0.99$1.11$2.10$43.40$47.604.68%
$43.50Aug 14$1.89$0.28$2.17$41.33$45.674.83%
$46.50Aug 14$0.27$1.95$2.22$44.28$48.724.94%
$45.50Aug 21$1.00$1.38$2.38$43.12$47.885.30%
$45.00Aug 21$1.19$1.23$2.42$42.58$47.425.39%
$46.00Aug 21$0.68$1.76$2.44$43.56$48.445.43%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 137 found (cheapest 0.78% of stock, avg 3.70%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$47.50$43.50Aug 14$0.07$0.28$0.35$43.15$47.85
$47.00$43.50Aug 14$0.13$0.28$0.41$43.09$47.41
$47.50$44.00Aug 14$0.07$0.43$0.50$43.50$48.00
$46.50$43.50Aug 14$0.27$0.28$0.55$42.95$47.05
$47.00$44.00Aug 14$0.13$0.43$0.56$43.44$47.56
$52.50$37.50Sep 18$0.30$0.26$0.56$36.94$53.06
$47.50$44.50Aug 14$0.07$0.52$0.59$43.91$48.09
$46.00$43.50Aug 14$0.32$0.28$0.60$42.90$46.60
$47.00$44.50Aug 14$0.13$0.52$0.65$43.85$47.65
$47.50$41.00Aug 14$0.07$0.62$0.69$40.31$48.19

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 98 found (best R:R 9.00, avg credit $0.61)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
44/4548/49Sep 4$0.90$0.109.00$44.10$48.90
43/4445/46Sep 11$0.86$0.146.14$43.14$45.86
44/4549/50Sep 4$0.85$0.155.67$44.15$49.85
44/4546/47Sep 11$0.85$0.155.67$44.15$46.85
43/4446/47Sep 11$0.83$0.174.88$43.17$46.83
44/4549/50Sep 11$0.82$0.184.56$44.18$49.82
43/4449/50Sep 11$0.80$0.204.00$43.20$49.80
45/4850/52Sep 18$1.99$0.513.90$45.51$51.99
41/4246/47Sep 4$0.79$0.213.76$41.21$46.79
44/4547/48Sep 4$0.79$0.213.76$44.21$47.79

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 58 found (best R:R 21.73, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$37.50$40.00$42.50Sep 18$0.11$2.3921.73
$48.00$49.00$50.00Sep 4$0.05$0.9519.00
$50.00$51.00$52.00Aug 28$0.08$0.9211.50
$47.50$48.00$48.50Aug 14$0.05$0.459.00
$47.00$47.50$48.00Aug 28$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$47.00$47.50$48.00Aug 14$0.06$0.447.33
$37.50$40.00$42.50Sep 18$0.31$2.197.06
$39.00$40.00$41.00Aug 21$0.14$0.866.14
$48.50$49.00$49.50Aug 21$0.07$0.436.14
$41.00$41.50$42.00Aug 28$0.07$0.436.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 79 found (best net $-0.05, 72 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.50$50.001:2Sep 18-$0.05$2.45
$45.00$47.501:2Sep 18-$0.20$2.30
$50.00$52.001:2Sep 4-$0.01$1.99
$42.50$45.001:2Sep 18-$0.87$1.63
$51.00$52.001:2Aug 28$0.00$1.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$42.501:2Sep 18-$0.21$2.29
$47.50$45.001:2Sep 18-$0.68$1.82
$43.00$41.001:2Sep 11-$0.23$1.77
$40.00$38.501:2Aug 14-$0.23$1.27
$50.00$48.001:2Sep 4-$0.95$1.05

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 42 found (best yield 4.83%, avg 1.38%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$45.00Sep 18$2.170.510.2%4.83%5.06%4045.1K
$45.00Sep 11$1.790.500.2%3.99%4.21%162
$45.00Sep 4$1.700.490.2%3.79%4.01%124
$46.00Sep 11$1.430.432.5%3.18%5.63%30--
$46.00Sep 4$1.250.422.5%2.78%5.23%13
$45.00Aug 28$1.210.500.2%2.69%2.92%47
$47.50Sep 18$1.200.345.8%2.67%8.46%1393.9K
$45.50Aug 28$1.140.461.3%2.54%3.88%30--
$45.00Aug 21$1.110.500.2%2.47%2.69%171255
$46.00Aug 28$1.050.422.5%2.34%4.79%234

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 6,200
Total Puts 10,395
Put/Call Ratio 1.68
Net Difference -4,195

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 35,477
Total Puts 23,037
Average Put/Call Ratio 0.81
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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