Tour v505
LUV
SOUTHWEST AIRLS CO
$44.98 -1.19%
$45.02 (+0.09%)🌙
as of 08/12 06:08 PM
(8/11 18:09) ◀
|
Wednesday, August 12, 2026 (6:08pm)
January 2026
|
▶ (8/13 18:06)
◀ 8/12 18:08 ▶

Option Volume

Detail
ℹ
Current (08/12) 3,449
Calls: 1,895 (55%)
Puts: 1,554 (45%)
Prior (08/11) 3,614
Calls: 1,800 (50%)
Puts: 1,814 (50%)
Current vs Prior -4.57%
Calls: +5.28% (Calls)
Puts: -14.33% (Puts)
Prior 7-Day Total 64,724
Calls: 37,871 (59%)
Puts: 26,853 (41%)
Prior 7-Day Average 9,246
Calls: 5,410 (59%)
Puts: 3,836 (41%)
Current vs Prior 7-Day Avg -62.70%
Calls: -64.97%
Puts: -59.49%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/12) $888.0K
Calls: $495.9K (56%)
Puts: $392.1K (44%)
Prior (08/11) $595.4K
Calls: $362.8K (61%)
Puts: $232.5K (39%)
Current vs Prior +49.15%
Calls: +36.67%
Puts: +68.61%
Prior 7-Day Total $14.59M
Calls: $7.86M (54%)
Puts: $6.73M (46%)
Prior 7-Day Average $2.08M
Calls: $1.12M (54%)
Puts: $960.8K (46%)
Current vs Prior 7-Day Avg -57.39%
Calls: -55.84%
Puts: -59.19%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/12) 0.82
Prior (08/11) 1.01
Current vs Prior -18.63%
Prior 7-Day Average 0.77
Current vs Prior 7-Day Avg +6.95%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/12) 239,536
Calls: 139,563 (58%)
Puts: 99,973 (42%)
Prior (08/11) 238,297
Calls: 138,932 (58%)
Puts: 99,365 (42%)
Current vs Prior +0.52%
Prior 7-Day Total 1,320,814
Calls: 807,408 (61%)
Puts: 513,406 (39%)
Prior 7-Day Average 188,687
Calls: 115,344 (61%)
Puts: 73,343 (39%)
Current vs Prior 7-Day Avg +26.95%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/14) | Next (08/21)Expiry (08/21) | Next (09/18)
Current 3.05% | 5.07%5.07% | 9.63%
Prior 3.67% | 5.62%5.62% | 9.84%
Current vs Prior -16.98% | -9.87%-9.87% | -2.19%
Prior 7-Day Avg 3.96% | 5.96%7.03% | 10.90%
Current vs 7-Day Avg -23.03% | -14.88%-27.90% | -11.66%
Prior 7-Day Eod 3.67% | 5.62%5.62% | 9.84%
Current vs 7-Day Eod -16.98% | -9.87%-9.87% | -2.19%
Sentiment BULLISHBULLISH

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

Market showing bullish sentiment based on options flow analysis.

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 NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
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 2 of results (avg 7.8%, best 7.1%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$36.00Aug 148.809.45$9.137.1%101.0011
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Sep 187.358.00$7.688.5%450.901.7K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.55, cheapest $0.55)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Sep 180.500.61$0.5520.0%710.2014.8K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 70 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$36.00Aug 148.809.45$9.137.1%101.0011
$37.00Aug 147.508.45$7.9811.9%--0.9911
$40.50Aug 144.055.80$4.9335.5%10.97--
$40.00Aug 214.406.55$5.4839.2%--0.9493
$40.00Aug 284.656.55$5.6033.9%10.942
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.00Aug 141.722.20$1.9624.5%1671.00320
$47.50Aug 142.142.58$2.3618.6%81.0032
$48.00Aug 142.803.15$2.9711.8%861.00125
$48.50Aug 142.993.95$3.4727.7%51.0016
$49.00Aug 143.454.20$3.8319.6%131.0070

Most actively traded options today. High liquidity = easy entry/exit. 135 active (total vol 2.3K, top 212)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Sep 111.352.66$2.0165.2%2120.5519
$45.00Sep 182.022.30$2.1613.0%1470.515.3K
$45.00Aug 210.981.38$1.1833.9%1020.55398
$46.00Aug 140.050.34$0.20145.0%840.261.7K
$47.00Aug 140.050.15$0.10100.0%760.13371
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.00Aug 141.722.20$1.9624.5%1671.00320
$45.00Aug 140.290.60$0.4470.5%1040.46867
$48.00Aug 142.803.15$2.9711.8%861.00125
$44.50Aug 140.150.61$0.38121.1%800.3485
$50.00Sep 185.155.80$5.4811.9%660.803.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 15 strikes (avg 45.3%, max 161.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$46.50Aug 14Aug 2859.8%29.3%104.1%1967
$44.50Aug 14Aug 2151.4%35.6%44.1%64193
$42.50Aug 21Sep 1841.8%36.2%15.5%173.6K
$44.00Aug 14Sep 1143.3%38.7%11.9%749
$45.50Aug 14Aug 2846.3%42.4%9.1%164
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.00Aug 14Sep 4104.1%39.8%161.6%5234
$42.50Aug 14Sep 1891.0%36.2%151.3%214.4K
$46.50Aug 14Aug 2859.8%29.3%104.1%1129
$44.50Aug 14Aug 2851.4%36.0%42.8%8396
$45.50Aug 14Aug 2846.3%42.4%9.1%3797

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 75 found (best R:R 1.13, avg 2.80)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$42.00$43.50Aug 14$0.82$0.68$0.8285%0.83$42.82
$40.00$46.00Sep 25$3.84$2.16$3.8484%0.56$43.84
$44.00$45.00Aug 28$0.25$0.75$0.2564%3.00$44.25
$45.00$46.00Sep 11$0.29$0.71$0.2955%2.45$45.29
$48.00$50.00Sep 25$0.36$1.64$0.3636%4.56$48.36
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$53.00$52.00Aug 14$0.47$0.53$0.47100%1.13$52.53
$50.00$49.00Aug 28$0.57$0.43$0.5794%0.75$49.43
$45.00$43.00Sep 11$0.44$1.56$0.4446%3.55$44.56
$48.00$47.00Sep 11$0.42$0.58$0.4270%1.38$47.58
$45.00$44.00Sep 25$0.17$0.83$0.1745%4.88$44.83

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 49 found (best R:R 2.45, avg 0.55)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$49.00$50.00Sep 11$0.36$0.36$0.6474%0.56$49.36
$45.50$46.00Aug 28$0.36$0.36$0.1452%2.57$45.86
$46.50$47.00Aug 14$0.21$0.21$0.2974%0.72$46.71
$52.00$53.00Aug 14$0.13$0.13$0.8793%0.15$52.13
$45.50$46.00Aug 14$0.27$0.27$0.2357%1.17$45.77
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$44.00$43.00Sep 25$0.71$0.71$0.2961%2.45$43.29
$43.00$41.00Sep 11$0.74$0.74$1.2669%0.59$42.26
$41.50$41.00Aug 28$0.21$0.21$0.2984%0.72$41.29
$42.00$41.50Aug 14$0.20$0.20$0.3084%0.67$41.80
$43.50$43.00Aug 28$0.24$0.24$0.2669%0.92$43.26

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $0.42, cheapest $0.31)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$44.50Aug 14Aug 21$0.4251.4%35.6%
$45.50Aug 14Aug 21$0.4046.3%35.7%
$45.00Aug 14Aug 21$0.5340.4%36.5%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$44.50Aug 14Aug 21$0.3151.4%35.6%
$45.50Aug 14Aug 21$0.3546.3%35.7%
$45.00Aug 14Aug 21$0.4940.4%36.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 46 found (cheapest 2.42% of stock, avg 6.81%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$45.00Aug 14$0.65$0.44$1.09$43.91$46.092.42%
$44.50Aug 14$0.93$0.38$1.31$43.19$45.812.91%
$45.50Aug 14$0.47$0.84$1.31$44.19$46.812.91%
$46.00Aug 14$0.20$1.13$1.33$44.67$47.332.96%
$44.00Aug 14$1.33$0.16$1.49$42.51$45.493.31%
$44.50Aug 21$1.35$0.69$2.04$42.46$46.544.54%
$46.50Aug 14$0.31$1.74$2.05$44.45$48.554.56%
$47.00Aug 14$0.10$1.96$2.06$44.94$49.064.58%
$45.50Aug 21$0.87$1.19$2.06$43.44$47.564.58%
$45.00Aug 21$1.18$0.93$2.11$42.89$47.114.69%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 152 found (cheapest 0.58% of stock, avg 3.48%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$47.00$44.00Aug 14$0.10$0.16$0.26$43.74$47.26
$52.00$44.00Aug 14$0.14$0.16$0.30$43.70$52.30
$46.00$44.00Aug 14$0.20$0.16$0.36$43.64$46.36
$47.00$42.50Aug 14$0.10$0.28$0.38$42.12$47.38
$47.00$42.00Aug 14$0.10$0.29$0.39$41.61$47.39
$52.00$42.50Aug 14$0.14$0.28$0.42$42.08$52.42
$52.00$42.00Aug 14$0.14$0.29$0.43$41.57$52.43
$52.50$37.50Sep 18$0.23$0.25$0.48$37.02$52.98
$46.50$44.00Aug 14$0.31$0.16$0.47$43.53$46.97
$46.00$42.50Aug 14$0.20$0.28$0.48$42.02$46.48

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 28 found (best R:R 2.13, avg credit $0.48)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
41/4250/50Aug 28$0.34$0.1670%2.13$41.16$49.84
43/4450/50Aug 28$0.37$0.1355%2.85$43.13$49.87
41/4248/48Aug 28$0.32$0.1862%1.78$41.18$48.32
41/4248/48Aug 28$0.33$0.1758%1.94$41.17$47.83
42/4246/47Aug 21$0.35$0.1552%2.33$41.65$46.85
42/4252/53Aug 14$0.33$0.6777%0.49$41.67$52.33
42/4250/50Aug 28$0.27$0.2365%1.17$42.23$49.77
43/4448/48Aug 28$0.35$0.1548%2.33$43.15$48.35
43/4448/48Aug 28$0.36$0.1443%2.57$43.14$47.86
42/4247/48Aug 21$0.25$0.2560%1.00$41.75$47.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 65 found (best R:R 12.16, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$40.00$42.50$45.00Sep 18$0.30$2.2033%7.33
$45.00$47.50$50.00Sep 18$0.37$2.1332%5.76
$47.50$50.00$52.50Sep 18$0.30$2.2024%7.33
$42.50$45.00$47.50Sep 18$0.53$1.9736%3.72
$48.00$50.00$52.00Sep 4$0.20$1.8017%9.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$42.50$45.00$47.50Sep 18$0.19$2.3136%12.16
$47.50$50.00$52.50Sep 18$0.19$2.3124%12.16
$43.00$44.00$45.00Sep 4$0.09$0.9118%10.11
$47.00$47.50$48.00Aug 21$0.05$0.4510%9.00
$37.50$40.00$42.50Sep 18$0.33$2.1722%6.58

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 89 found (best net $-1.88, 74 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$37.00$40.501:2Aug 14-$1.88$1.62
$40.00$42.501:2Aug 21-$1.02$1.48
$42.50$45.001:2Sep 18-$0.64$1.86
$45.00$47.501:2Sep 18-$0.18$2.32
$46.00$48.001:2Sep 11-$0.18$1.82
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.00$45.001:2Sep 11-$0.09$1.91
$47.50$45.001:2Sep 18-$0.87$1.63
$50.00$47.501:2Sep 18-$1.46$1.04
$40.00$37.501:2Sep 18-$0.01$2.49
$41.00$39.001:2Sep 11-$0.01$1.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 37 found (best yield 2.42%, avg 1.36%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$48.00Sep 25$1.090.366.7%2.42%9.14%102
$46.00Sep 25$1.670.492.3%3.71%5.98%1--
$47.00Sep 25$1.290.424.5%2.87%7.36%1--
$45.00Sep 18$2.020.510.0%4.49%4.54%1475.3K
$47.50Sep 18$1.090.345.6%2.42%8.03%324.4K
$50.00Sep 25$0.570.2611.2%1.27%12.43%174
$45.00Sep 4$1.540.530.0%3.42%3.47%411
$46.00Sep 4$1.060.442.3%2.36%4.62%16
$50.00Sep 18$0.500.2011.2%1.11%12.27%7114.8K
$47.00Sep 4$0.740.374.5%1.65%6.14%--22

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 1,895
Total Puts 1,554
Put/Call Ratio 0.82
Net Difference 341

Prior's Put/Call Breakdown

Total Calls 1,800
Total Puts 1,814
Put/Call Ratio 1.01
Net Difference -14

Prior 7-Day Put/Call Summary

Total Calls 37,871
Total Puts 26,853
Average Put/Call Ratio 0.77
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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