Tour v509
LUV
SOUTHWEST AIRLS CO
$42.49 -1.98%
$42.66 (+0.40%)🌙
as of 08/18 06:04 PM
(8/17 18:04) ◀
|
Tuesday, August 18, 2026 (6:04pm)
January 2026
|
▶ (8/19 18:04)
◀ 8/18 18:04 ▶

Option Volume

Detail
ℹ
Current (08/18) 33,355
Calls: 15,427 (46%)
Puts: 17,928 (54%)
Prior (08/17) 9,867
Calls: 6,266 (64%)
Puts: 3,601 (36%)
Current vs Prior +238.05%
Calls: +146.20% (Calls)
Puts: +397.86% (Puts)
Prior 7-Day Total 52,587
Calls: 27,759 (53%)
Puts: 24,828 (47%)
Prior 7-Day Average 7,512
Calls: 3,965 (53%)
Puts: 3,546 (47%)
Current vs Prior 7-Day Avg +344.00%
Calls: +289.02%
Puts: +405.46%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/18) $12.26M
Calls: $1.04M (8%)
Puts: $11.22M (92%)
Prior (08/17) $1.67M
Calls: $1.18M (71%)
Puts: $491.6K (29%)
Current vs Prior +632.37%
Calls: -12.15%
Puts: +2182.46%
Prior 7-Day Total $10.92M
Calls: $5.71M (52%)
Puts: $5.21M (48%)
Prior 7-Day Average $1.56M
Calls: $815.8K (52%)
Puts: $743.6K (48%)
Current vs Prior 7-Day Avg +686.21%
Calls: +27.32%
Puts: +1409.12%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/18) 1.16
Prior (08/17) 0.57
Current vs Prior +102.22%
Prior 7-Day Average 0.87
Current vs Prior 7-Day Avg +33.31%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/18) 236,981
Calls: 138,846 (59%)
Puts: 98,135 (41%)
Prior (08/17) 230,184
Calls: 133,583 (58%)
Puts: 96,601 (42%)
Current vs Prior +2.95%
Prior 7-Day Total 1,662,102
Calls: 970,377 (58%)
Puts: 691,725 (42%)
Prior 7-Day Average 237,443
Calls: 138,625 (58%)
Puts: 98,817 (42%)
Current vs Prior 7-Day Avg -0.19%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 4.73% | 6.24%4.73% | 8.47%
Prior 3.92% | 5.74%3.92% | 8.97%
Current vs Prior +20.63% | +8.58%+20.63% | -5.58%
Prior 7-Day Avg 3.71% | 5.74%5.18% | 9.60%
Current vs 7-Day Avg +27.67% | +8.57%-8.63% | -11.71%
Prior 7-Day Eod 3.92% | 5.74%3.92% | 8.97%
Current vs 7-Day Eod +20.63% | +8.58%+20.63% | -5.58%
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

Strong bearish conviction with 92% of dollar volume in puts ($11.22M) vs calls ($1.04M). Massive premium surge with dollar volume up 632% vs prior. Dollar volume significantly above 7-day average (686% higher). Unusually high activity with volume up 238% 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 NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 4 of results (avg 9.1%, best 7.9%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 287.307.90$7.607.9%60.90--
$37.00Aug 215.355.85$5.608.9%30.941
$36.00Aug 216.306.95$6.639.8%20.971
$35.00Aug 217.207.95$7.589.9%20.9911
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.58, cheapest $0.27)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 280.250.29$0.2714.8%780.1956
$45.00Sep 180.840.95$0.9012.2%1210.315.5K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 78 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 217.207.95$7.589.9%20.9911
$37.50Aug 214.805.45$5.1312.7%60.984
$38.00Aug 214.254.90$4.5814.2%60.981
$39.00Aug 213.253.95$3.6019.4%30.981
$36.00Aug 216.306.95$6.639.8%20.971
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.00Aug 214.004.90$4.4520.2%31.00385
$50.00Aug 216.757.85$7.3015.1%21.0048
$50.00Sep 46.807.95$7.3815.6%--1.00111
$49.00Aug 285.307.20$6.2530.4%--0.9635
$46.50Aug 213.654.25$3.9515.2%50.95169

Most actively traded options today. High liquidity = easy entry/exit. 145 active (total vol 11.3K, top 5.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Sep 180.340.44$0.3925.6%6200.165.0K
$42.50Sep 181.571.92$1.7520.0%2620.503.6K
$50.00Sep 180.160.24$0.2040.0%1660.0914.9K
$45.00Sep 180.840.95$0.9012.2%1210.315.5K
$45.00Aug 280.250.29$0.2714.8%780.1956
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Sep 184.957.25$6.1037.7%5.0K0.835.9K
$50.00Sep 187.208.00$7.6010.5%3.0K0.913.5K
$42.50Sep 181.672.03$1.8519.5%1320.503.7K
$46.00Aug 213.303.80$3.5514.1%910.94174
$41.50Aug 210.170.25$0.2138.1%680.24814

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 12.0%, max 16.8%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$43.00Aug 21Oct 245.0%38.6%16.8%7088
$44.00Aug 21Sep 2543.9%37.9%15.8%42135
$43.50Aug 21Aug 2841.8%37.0%12.9%7843
$42.00Aug 21Sep 1136.0%35.7%0.9%624
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$43.00Aug 21Oct 245.0%38.6%16.8%28316
$44.00Aug 21Sep 1143.9%37.7%16.4%14438
$43.50Aug 21Sep 441.8%40.1%4.1%26243

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 69 found (best R:R 0.67, avg 2.55)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$39.00$40.00Sep 11$0.22$0.78$0.2284%3.55$39.22
$39.00$40.00Aug 21$0.57$0.43$0.5798%0.75$39.57
$40.00$42.50Aug 28$1.58$0.92$1.5884%0.58$41.58
$40.00$43.00Oct 2$1.72$1.28$1.7270%0.74$41.72
$42.50$43.00Aug 21$0.11$0.39$0.1151%3.55$42.61
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$50.00$47.50Sep 18$1.50$1.00$1.5091%0.67$48.50
$48.00$47.00Aug 28$0.55$0.45$0.5593%0.82$47.45
$47.00$46.00Sep 11$0.53$0.47$0.5382%0.89$46.47
$49.00$48.00Sep 11$0.60$0.40$0.6085%0.67$48.40
$46.50$46.00Sep 4$0.22$0.28$0.2290%1.27$46.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 46 found (best R:R 2.85, avg 0.56)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$49.50$50.00Aug 21$0.37$0.37$0.1386%2.85$49.87
$44.50$45.00Aug 28$0.27$0.27$0.2372%1.17$44.77
$46.00$47.00Sep 25$0.37$0.37$0.6371%0.59$46.37
$45.00$46.00Sep 11$0.37$0.37$0.6370%0.59$45.37
$46.00$46.50Sep 4$0.20$0.20$0.3080%0.67$46.20
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$38.00$36.00Oct 2$0.46$0.46$1.5480%0.30$37.54
$40.00$37.50Sep 18$0.54$0.54$1.9672%0.28$39.46
$40.00$38.00Sep 25$0.52$0.52$1.4871%0.35$39.48
$40.00$39.00Sep 11$0.26$0.26$0.7475%0.35$39.74
$41.50$41.00Aug 28$0.21$0.21$0.2966%0.72$41.29

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $0.51, cheapest $0.40)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$43.00Aug 21Aug 28$0.4045.0%38.4%
$42.50Aug 21Aug 28$0.7537.5%44.9%
$42.00Aug 21Sep 4$0.3036.0%44.6%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$43.00Aug 21Aug 28$0.4845.0%38.4%
$42.00Aug 21Aug 28$0.4436.0%36.8%
$42.50Aug 21Aug 28$0.6637.5%44.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 47 found (cheapest 2.71% of stock, avg 7.57%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$42.50Aug 21$0.58$0.57$1.15$41.35$43.652.71%
$43.00Aug 21$0.47$0.82$1.29$41.71$44.293.04%
$41.50Aug 21$1.23$0.21$1.44$40.06$42.943.39%
$43.50Aug 21$0.26$1.23$1.49$42.01$44.993.51%
$42.00Aug 21$1.44$0.33$1.77$40.23$43.774.17%
$44.00Aug 21$0.18$1.61$1.79$42.21$45.794.21%
$44.50Aug 21$0.08$1.98$2.06$42.44$46.564.85%
$43.00Aug 28$0.87$1.30$2.17$40.83$45.175.11%
$43.50Aug 28$0.64$1.53$2.17$41.33$45.675.11%
$44.00Aug 28$0.49$1.92$2.41$41.59$46.415.67%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 142 found (cheapest 0.42% of stock, avg 3.51%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$44.50$37.00Aug 21$0.08$0.10$0.18$36.82$44.68
$44.50$41.00Aug 21$0.08$0.11$0.19$40.81$44.69
$44.00$41.00Aug 21$0.18$0.11$0.29$40.71$44.29
$44.00$37.00Aug 21$0.18$0.10$0.28$36.72$44.28
$44.50$41.50Aug 21$0.08$0.21$0.29$41.21$44.79
$50.00$35.00Sep 18$0.20$0.13$0.33$34.67$50.33
$44.00$41.50Aug 21$0.18$0.21$0.39$41.11$44.39
$43.50$41.00Aug 21$0.26$0.11$0.37$40.63$43.87
$43.50$37.00Aug 21$0.26$0.10$0.36$36.64$43.86
$43.50$41.50Aug 21$0.26$0.21$0.47$41.03$43.97

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 25 found (best R:R 2.13, avg credit $0.53)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
41/4248/49Aug 28$0.34$0.1656%2.13$41.16$48.84
41/4250/50Aug 28$0.31$0.1956%1.63$41.19$49.81
39/4045/46Sep 11$0.63$0.3745%1.70$39.37$45.63
41/4246/46Aug 28$0.33$0.1748%1.94$41.17$45.83
40/4145/46Sep 11$0.66$0.3437%1.94$40.34$45.66
39/4049/50Sep 11$0.39$0.6161%0.64$39.61$49.39
40/4148/49Aug 28$0.36$0.6464%0.56$40.64$48.86
40/4149/50Sep 4$0.38$0.6261%0.61$40.62$49.38
40/4146/46Sep 4$0.46$0.5450%0.85$40.54$46.46
40/4150/50Aug 28$0.33$0.6763%0.49$40.67$49.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 60 found (best R:R 6.35, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$42.50$45.00$47.50Sep 18$0.34$2.1634%6.35
$43.00$44.00$45.00Sep 11$0.08$0.9217%11.50
$40.00$41.00$42.00Sep 11$0.10$0.9018%9.00
$45.00$47.50$50.00Sep 18$0.32$2.1822%6.81
$43.00$44.00$45.00Sep 25$0.11$0.8916%8.09
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$37.50$40.00$42.50Sep 18$0.44$2.0636%4.68
$38.00$40.00$42.00Sep 25$0.22$1.7827%8.09
$40.00$42.50$45.00Sep 18$0.55$1.9540%3.55
$40.00$41.00$42.00Sep 11$0.08$0.9218%11.50
$39.00$40.00$41.00Aug 21$0.07$0.9312%13.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 85 found (best net $-1.19, 69 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$36.00$39.001:2Aug 28-$1.19$1.81
$40.00$43.001:2Oct 2-$0.34$2.66
$40.00$42.501:2Sep 18-$0.07$2.43
$37.50$40.001:2Sep 18-$1.11$1.39
$42.50$45.001:2Sep 18-$0.05$2.45
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.50$45.001:2Sep 18-$0.66$1.84
$45.00$42.501:2Sep 18-$0.32$2.18
$42.00$40.001:2Sep 25-$0.28$1.72
$40.00$38.001:2Oct 2-$0.29$1.71
$38.00$36.001:2Sep 25-$0.08$1.92

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 39 found (best yield 4.33%, avg 1.31%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$43.00Oct 2$1.840.491.2%4.33%5.53%22
$43.00Sep 25$1.700.481.2%4.00%5.20%1--
$45.00Oct 2$0.970.355.9%2.28%8.19%13--
$44.00Sep 25$1.210.413.5%2.85%6.40%--15
$46.00Sep 25$0.680.298.3%1.60%9.86%201
$47.00Oct 2$0.600.2410.6%1.41%12.03%182
$45.00Sep 18$0.840.315.9%1.98%7.88%1215.5K
$45.00Sep 25$0.770.335.9%1.81%7.72%204
$42.50Sep 18$1.570.500.0%3.69%3.72%2623.6K
$47.00Sep 25$0.360.2110.6%0.85%11.46%2313

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 15,427
Total Puts 17,928
Put/Call Ratio 1.16
Net Difference -2,501

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 27,759
Total Puts 24,828
Average Put/Call Ratio 0.87
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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