Tour v509
LUV
SOUTHWEST AIRLS CO
$43.35 -2.06%
8/17 18:04

Option Volume

Detail
Current (08/17) 9,867
Calls: 6,266 (64%)
Puts: 3,601 (36%)
Prior (08/14) 7,546
Calls: 4,855 (64%)
Puts: 2,691 (36%)
Current vs Prior +30.76%
Calls: +29.06% (Calls)
Puts: +33.82% (Puts)
Prior 7-Day Total 52,835
Calls: 28,908 (55%)
Puts: 23,927 (45%)
Prior 7-Day Average 7,547
Calls: 4,129 (55%)
Puts: 3,418 (45%)
Current vs Prior 7-Day Avg +30.73%
Calls: +51.73%
Puts: +5.35%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/17) $1.67M
Calls: $1.18M (71%)
Puts: $491.6K (29%)
Prior (08/14) $1.34M
Calls: $1.04M (78%)
Puts: $301.1K (22%)
Current vs Prior +24.70%
Calls: +13.56%
Puts: +63.25%
Prior 7-Day Total $11.75M
Calls: $6.37M (54%)
Puts: $5.38M (46%)
Prior 7-Day Average $1.68M
Calls: $909.8K (54%)
Puts: $768.6K (46%)
Current vs Prior 7-Day Avg -0.26%
Calls: +29.96%
Puts: -36.04%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/17) 0.57
Prior (08/14) 0.55
Current vs Prior +3.68%
Prior 7-Day Average 0.84
Current vs Prior 7-Day Avg -31.72%
Sentiment BULLISH

Open Interest

Detail
Current (08/17) 230,184
Calls: 133,583 (58%)
Puts: 96,601 (42%)
Prior (08/14) 240,300
Calls: 140,148 (58%)
Puts: 100,152 (42%)
Current vs Prior -4.21%
Prior 7-Day Total 1,560,760
Calls: 924,832 (59%)
Puts: 635,928 (41%)
Prior 7-Day Average 222,965
Calls: 132,118 (59%)
Puts: 90,846 (41%)
Current vs Prior 7-Day Avg +3.24%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 3.92% | 5.74%3.92% | 8.97%
Prior 3.95% | 6.10%3.95% | 8.90%
Current vs Prior -0.82% | -5.84%-0.82% | +0.80%
Prior 7-Day Avg 3.57% | 5.70%5.53% | 9.89%
Current vs 7-Day Avg +9.90% | +0.77%-29.13% | -9.24%
Prior 7-Day Eod 3.95% | 6.10%3.95% | 8.90%
Current vs 7-Day Eod -0.82% | -5.84%-0.82% | +0.80%
Sentiment BULLISHBULLISH

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 bullish flow with 71% call dollar volume ($1.18M). Bullish P/C ratio of 0.57.

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 7 of results (avg 8.3%, best 7.4%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Sep 183.904.20$4.057.4%10.782.5K
$35.00Aug 218.208.85$8.527.6%--1.0011
$36.00Aug 217.207.80$7.508.0%21.00--
$50.00Sep 180.200.22$0.219.5%1500.1014.8K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 216.456.95$6.707.5%--0.99193
$49.50Aug 216.006.55$6.288.8%20.9876
$45.00Sep 182.743.00$2.879.1%890.613.8K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.36, cheapest $0.21)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Sep 180.200.22$0.219.5%1500.1014.8K
$47.50Sep 180.480.54$0.5111.8%1400.204.9K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 62 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 218.208.85$8.527.6%--1.0011
$36.00Aug 217.207.80$7.508.0%21.00--
$37.50Aug 214.907.35$6.1340.0%21.003
$39.00Aug 214.204.85$4.5314.3%21.00--
$40.00Aug 212.624.70$3.6656.8%41.0094
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 216.456.95$6.707.5%--0.99193
$49.50Aug 216.006.55$6.288.8%20.9876
$49.00Aug 215.205.80$5.5010.9%40.98169
$48.00Aug 284.154.85$4.5015.6%--0.97133
$49.00Aug 284.606.35$5.4831.9%--0.9635

Most actively traded options today. High liquidity = easy entry/exit. 125 active (total vol 5.7K, top 814)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.50Aug 210.020.26$0.14171.4%5600.12198
$45.00Aug 210.000.21$0.11190.9%5220.14540
$50.00Sep 180.200.22$0.219.5%1500.1014.8K
$47.50Sep 180.480.54$0.5111.8%1400.204.9K
$45.00Sep 181.151.40$1.2719.7%1250.385.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$41.50Aug 210.060.22$0.14114.3%8140.156
$37.50Aug 210.000.02$0.01200.0%5520.0174
$40.00Aug 210.000.02$0.01200.0%2000.02624
$43.00Aug 210.450.71$0.5844.8%1920.43174
$44.00Aug 210.801.21$1.0041.0%1300.65422

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 7 strikes (avg 6.3%, max 13.9%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$43.50Aug 21Aug 2842.3%37.1%13.9%2717
$43.00Aug 21Sep 1139.6%36.8%7.6%1676
$44.00Aug 21Sep 2540.9%40.0%2.4%10644
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.00Aug 21Sep 2538.9%36.0%7.9%11284
$43.00Aug 21Sep 2539.6%37.0%7.0%193176
$43.50Aug 21Sep 442.3%41.2%2.8%65187
$44.00Aug 21Sep 2540.9%40.0%2.4%140435

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 64 found (best R:R 2.13, avg 2.44)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$42.00$42.50Aug 21$0.20$0.30$0.2079%1.50$42.20
$42.50$45.00Sep 18$1.06$1.44$1.0658%1.36$43.56
$43.00$45.00Sep 11$0.81$1.19$0.8155%1.47$43.81
$43.00$43.50Aug 21$0.18$0.32$0.1857%1.78$43.18
$48.00$50.00Sep 25$0.19$1.81$0.1919%9.53$48.19
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$47.00$46.00Sep 11$0.32$0.68$0.3281%2.13$46.68
$44.00$43.00Sep 25$0.12$0.88$0.1253%7.33$43.88
$47.00$46.00Sep 4$0.59$0.41$0.5985%0.69$46.41
$45.50$45.00Aug 21$0.22$0.28$0.2288%1.27$45.28
$44.00$43.50Aug 21$0.13$0.37$0.1364%2.85$43.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 41 found (best R:R 1.27, avg 0.56)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$49.00$50.00Sep 4$0.56$0.56$0.4476%1.27$49.56
$44.00$45.00Sep 4$0.61$0.61$0.3956%1.56$44.61
$45.00$46.00Sep 11$0.52$0.52$0.4862%1.08$45.52
$48.50$49.00Aug 28$0.22$0.22$0.2886%0.79$48.72
$46.00$46.50Aug 28$0.26$0.26$0.2473%1.08$46.26
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$42.50$40.00Sep 18$0.87$0.87$1.6358%0.53$41.63
$41.00$40.00Sep 11$0.34$0.34$0.6672%0.52$40.66
$43.00$42.50Aug 21$0.30$0.30$0.2057%1.50$42.70
$40.00$37.50Sep 18$0.42$0.42$2.0877%0.20$39.58
$43.00$42.00Sep 25$0.52$0.52$0.4854%1.08$42.48

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $0.54, cheapest $0.27)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$43.50Aug 21Aug 28$0.4942.3%37.1%
$44.00Aug 21Aug 28$0.4640.9%37.9%
$43.00Aug 21Sep 11$1.0939.6%36.8%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$43.50Aug 21Aug 28$0.2742.3%37.1%
$44.00Aug 21Aug 28$0.4440.9%37.9%
$43.00Aug 21Aug 28$0.4739.6%42.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 36 found (cheapest 3.25% of stock, avg 7.17%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$43.00Aug 21$0.83$0.58$1.41$41.59$44.413.25%
$44.00Aug 21$0.43$1.00$1.43$42.57$45.433.30%
$43.50Aug 21$0.65$0.87$1.52$41.98$45.023.51%
$44.50Aug 21$0.25$1.31$1.56$42.94$46.063.60%
$42.50Aug 21$1.39$0.28$1.67$40.83$44.173.85%
$42.00Aug 21$1.59$0.23$1.82$40.18$43.824.20%
$45.00Aug 21$0.11$1.82$1.93$43.07$46.934.45%
$45.50Aug 21$0.10$2.04$2.14$43.36$47.644.94%
$43.50Aug 28$1.14$1.14$2.28$41.22$45.785.26%
$44.00Aug 28$0.89$1.44$2.33$41.67$46.335.37%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 134 found (cheapest 0.39% of stock, avg 3.39%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$45.00$41.00Aug 21$0.11$0.06$0.17$40.83$45.17
$45.00$41.50Aug 21$0.11$0.14$0.25$41.25$45.25
$45.00$42.00Aug 21$0.11$0.23$0.34$41.66$45.34
$44.50$41.00Aug 21$0.25$0.06$0.31$40.69$44.81
$44.50$41.50Aug 21$0.25$0.14$0.39$41.11$44.89
$52.00$41.00Aug 21$0.38$0.06$0.44$40.56$52.44
$45.00$42.50Aug 21$0.11$0.28$0.39$42.11$45.39
$50.00$37.50Sep 18$0.21$0.27$0.48$37.02$50.48
$44.50$42.00Aug 21$0.25$0.23$0.48$41.52$44.98
$52.00$41.50Aug 21$0.38$0.14$0.52$40.98$52.52

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 23 found (best R:R 3.35, avg credit $0.43)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
40/4149/50Sep 4$0.77$0.2351%3.35$40.23$49.77
41/4249/50Sep 4$0.76$0.2446%3.17$40.74$49.76
42/4248/49Aug 28$0.40$0.1056%4.00$41.60$48.90
41/4246/47Sep 4$0.39$0.1148%3.55$41.11$46.89
42/4248/48Aug 28$0.30$0.2058%1.50$41.70$47.80
39/4047/48Sep 25$0.60$0.4049%1.50$39.40$47.60
41/4246/46Sep 4$0.33$0.1744%1.94$41.17$46.33
40/4148/49Aug 28$0.38$0.6267%0.61$40.62$48.88
42/4246/47Aug 28$0.28$0.2251%1.27$41.72$46.78
38/3947/48Sep 25$0.46$0.5455%0.85$38.54$47.46

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 57 found (best R:R 7.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$42.50$45.00$47.50Sep 18$0.30$2.2038%7.33
$35.00$37.50$40.00Sep 18$0.10$2.4022%24.00
$37.50$40.00$42.50Sep 18$0.53$1.9733%3.72
$46.00$47.00$48.00Sep 11$0.10$0.9012%9.00
$40.00$42.50$45.00Sep 18$0.66$1.8440%2.79
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$45.00$47.50$50.00Sep 18$0.22$2.2828%10.36
$40.00$42.50$45.00Sep 18$0.44$2.0638%4.68
$42.50$45.00$47.50Sep 18$0.42$2.0837%4.95
$35.00$37.50$40.00Sep 18$0.24$2.2619%9.42
$37.50$40.00$42.50Sep 18$0.45$2.0532%4.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 73 found (best net $-0.61, 59 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$40.00$42.501:2Sep 18-$0.61$1.89
$42.50$45.001:2Sep 18-$0.21$2.29
$43.00$45.001:2Sep 11-$0.30$1.70
$45.00$47.001:2Sep 25-$0.14$1.86
$37.50$40.001:2Sep 18-$1.80$0.70
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$42.501:2Sep 18-$0.25$2.25
$47.50$45.001:2Sep 18-$1.14$1.36
$42.00$40.001:2Sep 25-$0.31$1.69
$41.00$40.001:2Sep 11-$0.13$0.87
$42.00$41.501:2Aug 21-$0.05$0.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 29 found (best yield 3.60%, avg 0.95%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$44.00Sep 25$1.560.471.5%3.60%5.10%15--
$45.00Sep 25$1.200.403.8%2.77%6.57%24
$45.00Sep 18$1.150.383.8%2.65%6.46%1255.5K
$47.00Sep 25$0.550.268.4%1.27%9.69%--13
$47.50Sep 18$0.480.209.6%1.11%10.68%1404.9K
$44.00Aug 28$0.800.441.5%1.85%3.34%9710
$46.00Sep 11$0.380.266.1%0.88%6.99%130
$48.00Sep 25$0.180.1910.7%0.42%11.14%2013
$46.00Sep 4$0.310.266.1%0.72%6.83%4911
$46.50Sep 4$0.320.217.3%0.74%8.00%3--

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 6,266
Total Puts 3,601
Put/Call Ratio 0.57
Net Difference 2,665

Prior's Put/Call Breakdown

Total Calls 4,855
Total Puts 2,691
Put/Call Ratio 0.55
Net Difference 2,164

Prior 7-Day Put/Call Summary

Total Calls 28,908
Total Puts 23,927
Average Put/Call Ratio 0.84
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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