Tour v526
LUV
SOUTHWEST AIRLS CO
$41.42 -2.52%
$41.56 (+0.34%)🌙
as of 08/19 06:04 PM
(8/18 18:04) ◀
|
Wednesday, August 19, 2026 (6:04pm)
January 2026
|
▶ (8/20 18:03)
◀ 8/19 18:04 ▶

Option Volume

Detail
ℹ
Current (08/19) 15,441
Calls: 12,046 (78%)
Puts: 3,395 (22%)
Prior (08/18) 33,355
Calls: 15,427 (46%)
Puts: 17,928 (54%)
Current vs Prior -53.71%
Calls: -21.92% (Calls)
Puts: -81.06% (Puts)
Prior 7-Day Total 78,389
Calls: 38,633 (49%)
Puts: 39,756 (51%)
Prior 7-Day Average 11,198
Calls: 5,519 (49%)
Puts: 5,679 (51%)
Current vs Prior 7-Day Avg +37.89%
Calls: +118.26%
Puts: -40.22%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/19) $1.98M
Calls: $1.08M (54%)
Puts: $906.8K (46%)
Prior (08/18) $12.26M
Calls: $1.04M (8%)
Puts: $11.22M (92%)
Current vs Prior -83.82%
Calls: +3.67%
Puts: -91.92%
Prior 7-Day Total $21.53M
Calls: $5.65M (26%)
Puts: $15.88M (74%)
Prior 7-Day Average $3.08M
Calls: $807.2K (26%)
Puts: $2.27M (74%)
Current vs Prior 7-Day Avg -35.49%
Calls: +33.40%
Puts: -60.01%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/19) 0.28
Prior (08/18) 1.16
Current vs Prior -75.75%
Prior 7-Day Average 0.94
Current vs Prior 7-Day Avg -70.14%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/19) 233,725
Calls: 132,630 (57%)
Puts: 101,095 (43%)
Prior (08/18) 236,981
Calls: 138,846 (59%)
Puts: 98,135 (41%)
Current vs Prior -1.37%
Prior 7-Day Total 1,658,226
Calls: 967,178 (58%)
Puts: 691,048 (42%)
Prior 7-Day Average 236,889
Calls: 138,168 (58%)
Puts: 98,721 (42%)
Current vs Prior 7-Day Avg -1.34%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 3.14% | 5.60%3.14% | 8.47%
Prior 4.73% | 6.24%4.73% | 8.47%
Current vs Prior -33.65% | -10.19%-33.65% | +0.02%
Prior 7-Day Avg 3.75% | 5.66%4.88% | 9.34%
Current vs 7-Day Avg -16.23% | -1.10%-35.70% | -9.30%
Prior 7-Day Eod 4.73% | 6.24%4.73% | 8.47%
Current vs 7-Day Eod -33.65% | -10.19%-33.65% | +0.02%
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

Light premium activity with dollar volume down 84% vs prior. Below-average activity with volume down 54% vs prior. Extreme bullish P/C ratio of 0.28 - heavy call buying (12,046 calls vs 3,395 puts). P/C ratio dropping 76% - sentiment shifting bullish.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BEARISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
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 5 of results (avg 8.2%, best 5.8%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Sep 182.502.65$2.585.8%1360.642.5K
$40.00Oct 22.863.15$3.019.6%400.632
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Sep 184.004.30$4.157.2%740.763.8K
$40.00Sep 181.081.18$1.138.8%2150.364.6K
$44.00Aug 212.402.64$2.529.5%350.97423

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.74, cheapest $0.84)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$41.50Aug 280.901.03$0.9713.4%10.51--
$47.50Sep 180.240.27$0.2611.5%1.3K0.125.1K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.00Aug 210.760.91$0.8417.9%430.65191
$41.00Aug 280.650.75$0.7014.3%910.4130
$40.00Sep 110.821.00$0.9119.8%260.3431

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 75 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.50Aug 213.105.20$4.1550.6%10.997
$38.00Aug 213.204.75$3.9838.9%10.994
$35.00Aug 215.457.65$6.5533.6%100.9911
$37.00Aug 213.754.60$4.1820.3%20.983
$35.00Sep 186.457.65$7.0517.0%10.93576
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 213.153.70$3.4316.0%1201.001.2K
$46.00Aug 213.504.70$4.1029.3%11.0085
$46.50Aug 214.355.30$4.8219.7%11.00161
$47.50Aug 215.306.35$5.8218.0%11.00286
$48.00Aug 215.656.70$6.1817.0%--1.0057

Most actively traded options today. High liquidity = easy entry/exit. 138 active (total vol 8.2K, top 1.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Sep 180.240.27$0.2611.5%1.3K0.125.1K
$45.00Sep 180.530.66$0.6021.7%1.2K0.245.6K
$42.50Sep 181.181.32$1.2511.2%6800.423.6K
$45.00Aug 210.000.05$0.03166.7%3880.04844
$43.50Aug 210.010.10$0.06150.0%3800.0939
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$41.00Aug 210.220.35$0.2846.4%6690.341.0K
$40.00Sep 181.081.18$1.138.8%2150.364.6K
$40.00Aug 280.330.44$0.3928.2%1460.2665
$42.50Sep 182.032.48$2.2619.9%1400.583.7K
$45.00Aug 213.153.70$3.4316.0%1201.001.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 21.2%, max 31.7%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$43.00Aug 21Sep 1146.7%35.5%31.7%50146
$42.50Aug 21Sep 1847.8%36.7%30.2%7113.7K
$42.00Aug 21Oct 244.8%40.4%10.9%4030
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.50Aug 21Sep 1847.8%36.7%30.2%1974.3K
$41.00Aug 21Oct 241.6%36.9%13.0%6701.0K
$42.00Aug 21Oct 244.8%40.4%10.9%45195

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 75 found (best R:R 5.67, avg 2.14)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$40.00$41.00Sep 4$0.28$0.72$0.2870%2.57$40.28
$37.50$38.00Aug 21$0.17$0.33$0.1799%1.94$37.67
$40.00$41.00Aug 28$0.51$0.49$0.5174%0.96$40.51
$40.00$42.00Oct 2$0.97$1.03$0.9763%1.06$40.97
$44.00$45.00Sep 25$0.16$0.84$0.1634%5.25$44.16
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$46.00$45.00Sep 11$0.15$0.85$0.1584%5.67$45.85
$45.00$44.00Sep 25$0.35$0.65$0.3573%1.86$44.65
$45.50$45.00Aug 21$0.15$0.35$0.1592%2.33$45.35
$45.00$44.50Aug 28$0.20$0.30$0.2094%1.50$44.80
$45.00$44.00Sep 11$0.56$0.44$0.5682%0.79$44.44

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 43 found (best R:R 0.56, avg 0.50)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$49.00$49.50Aug 21$0.26$0.26$0.2489%1.08$49.26
$43.00$43.50Sep 4$0.36$0.36$0.1464%2.57$43.36
$49.00$49.50Aug 28$0.23$0.23$0.2776%0.85$49.23
$47.00$47.50Aug 28$0.16$0.16$0.3486%0.47$47.16
$45.00$46.00Sep 25$0.34$0.34$0.6672%0.52$45.34
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$39.00$38.00Aug 28$0.36$0.36$0.6478%0.56$38.64
$40.00$37.50Sep 18$0.71$0.71$1.7964%0.40$39.29
$37.00$35.00Oct 2$0.35$0.35$1.6581%0.21$36.65
$41.00$40.00Oct 2$0.53$0.53$0.4756%1.13$40.47
$39.00$38.00Sep 25$0.35$0.35$0.6572%0.54$38.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $0.48, cheapest $0.40)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.00Aug 21Aug 28$0.4044.8%37.0%
$41.00Aug 28Sep 4$0.6436.0%38.3%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.00Aug 21Aug 28$0.4544.8%37.0%
$41.00Aug 21Aug 28$0.4241.6%36.0%
$41.50Aug 21Aug 28$0.4938.0%36.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 46 found (cheapest 2.82% of stock, avg 8.02%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$42.00Aug 21$0.33$0.84$1.17$40.83$43.172.82%
$42.50Aug 21$0.22$1.34$1.56$40.94$44.063.77%
$43.00Aug 21$0.11$1.62$1.73$41.27$44.734.18%
$41.50Aug 28$0.97$0.94$1.91$39.59$43.414.61%
$42.00Aug 28$0.73$1.29$2.02$39.98$44.024.88%
$43.50Aug 21$0.06$1.97$2.03$41.47$45.534.90%
$41.00Aug 28$1.38$0.70$2.08$38.92$43.085.02%
$42.50Aug 28$0.64$1.51$2.15$40.35$44.655.19%
$40.00Aug 21$2.13$0.07$2.20$37.80$42.205.31%
$40.00Aug 28$1.89$0.39$2.28$37.72$42.285.50%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 144 found (cheapest 0.43% of stock, avg 3.34%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$43.00$40.00Aug 21$0.11$0.07$0.18$39.82$43.18
$44.50$40.00Aug 21$0.15$0.07$0.22$39.78$44.72
$42.50$40.00Aug 21$0.22$0.07$0.29$39.71$42.79
$49.00$40.00Aug 21$0.28$0.07$0.35$39.65$49.35
$47.50$35.00Sep 18$0.26$0.14$0.40$34.60$47.90
$43.00$41.00Aug 21$0.11$0.28$0.39$40.61$43.39
$42.00$40.00Aug 21$0.33$0.07$0.40$39.60$42.40
$44.50$41.00Aug 21$0.15$0.28$0.43$40.57$44.93
$42.50$41.00Aug 21$0.22$0.28$0.50$40.50$43.00
$43.50$38.00Aug 28$0.38$0.08$0.46$37.54$43.96

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 21 found (best R:R 1.08, avg credit $0.49)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
38/3947/48Aug 28$0.52$0.4865%1.08$38.48$47.52
38/3949/50Aug 28$0.59$0.4155%1.44$38.41$49.59
38/3945/46Sep 25$0.69$0.3144%2.23$38.31$45.69
38/3944/44Aug 28$0.48$0.5262%0.92$38.52$44.48
38/3944/44Aug 28$0.53$0.4754%1.13$38.47$44.03
39/4048/48Sep 4$0.47$0.5356%0.89$39.53$47.97
40/4149/50Aug 21$0.47$0.5355%0.89$40.53$49.47
38/3946/47Sep 11$0.41$0.5960%0.69$38.59$46.41
38/3943/44Aug 28$0.51$0.4948%1.04$38.49$43.51
38/3944/45Sep 11$0.45$0.5550%0.82$38.55$44.45

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 61 found (best R:R 15.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$40.00$42.00$44.00Oct 2$0.12$1.8829%15.67
$42.50$45.00$47.50Sep 18$0.31$2.1930%7.06
$42.00$43.00$44.00Sep 11$0.05$0.9521%19.00
$37.50$40.00$42.50Sep 18$0.64$1.8641%2.91
$45.00$46.00$47.00Oct 2$0.05$0.9511%19.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$37.50$40.00$42.50Sep 18$0.42$2.0841%4.95
$42.50$45.00$47.50Sep 18$0.31$2.1930%7.06
$39.00$40.00$41.00Sep 4$0.08$0.9223%11.50
$39.00$40.00$41.00Aug 21$0.15$0.8532%5.67
$35.00$37.50$40.00Sep 18$0.43$2.0729%4.81

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 78 found (best net $-0.28, 63 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$38.00$40.001:2Aug 21-$0.28$1.72
$37.50$40.001:2Sep 18-$0.61$1.89
$42.00$44.001:2Oct 2-$0.34$1.66
$35.00$37.501:2Sep 18-$2.05$0.45
$35.00$37.001:2Aug 21-$1.81$0.19
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$42.501:2Sep 18-$0.37$2.13
$42.50$40.001:2Sep 18$0.00$2.50
$40.00$38.001:2Oct 2-$0.08$1.92
$42.00$41.501:2Aug 21-$0.06$0.44
$41.00$40.001:2Aug 28-$0.08$0.92

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 32 found (best yield 2.66%, avg 1.07%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$44.00Oct 2$1.100.356.2%2.66%8.88%12--
$42.00Oct 2$1.620.491.4%3.91%5.31%12
$45.00Oct 2$0.760.288.6%1.83%10.48%--13
$42.50Sep 18$1.180.422.6%2.85%5.46%6803.6K
$44.00Sep 25$0.730.346.2%1.76%7.99%--15
$46.00Oct 2$0.530.2211.1%1.28%12.34%19--
$45.00Sep 25$0.520.288.6%1.26%9.90%224
$45.00Sep 18$0.530.248.6%1.28%9.92%1.2K5.6K
$42.00Sep 11$1.020.461.4%2.46%3.86%82
$43.00Sep 11$0.710.363.8%1.71%5.53%2219

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 12,046
Total Puts 3,395
Put/Call Ratio 0.28
Net Difference 8,651

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 38,633
Total Puts 39,756
Average Put/Call Ratio 0.94
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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