Tour v526
LUV
SOUTHWEST AIRLS CO
$39.89 -3.69%
$40.01 (+0.29%)🌙
as of 08/20 06:03 PM
(8/19 18:04) ◀
|
Thursday, August 20, 2026 (6:03pm)
January 2026
|
▶ (8/21 18:03)
◀ 8/20 18:03 ▶

Option Volume

Detail
ℹ
Current (08/20) 24,110
Calls: 11,398 (47%)
Puts: 12,712 (53%)
Prior (08/19) 15,441
Calls: 12,046 (78%)
Puts: 3,395 (22%)
Current vs Prior +56.14%
Calls: -5.38% (Calls)
Puts: +274.43% (Puts)
Prior 7-Day Total 77,235
Calls: 44,479 (58%)
Puts: 32,756 (42%)
Prior 7-Day Average 11,033
Calls: 6,354 (58%)
Puts: 4,679 (42%)
Current vs Prior 7-Day Avg +118.51%
Calls: +79.38%
Puts: +171.66%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/20) $6.38M
Calls: $1.83M (29%)
Puts: $4.55M (71%)
Prior (08/19) $1.98M
Calls: $1.08M (54%)
Puts: $906.8K (46%)
Current vs Prior +221.73%
Calls: +70.31%
Puts: +401.53%
Prior 7-Day Total $19.42M
Calls: $5.67M (29%)
Puts: $13.76M (71%)
Prior 7-Day Average $2.77M
Calls: $809.3K (29%)
Puts: $1.97M (71%)
Current vs Prior 7-Day Avg +129.99%
Calls: +126.59%
Puts: +131.39%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/20) 1.12
Prior (08/19) 0.28
Current vs Prior +295.72%
Prior 7-Day Average 0.74
Current vs Prior 7-Day Avg +49.84%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/20) 239,458
Calls: 138,407 (58%)
Puts: 101,051 (42%)
Prior (08/19) 233,725
Calls: 132,630 (57%)
Puts: 101,095 (43%)
Current vs Prior +2.45%
Prior 7-Day Total 1,659,562
Calls: 963,919 (58%)
Puts: 695,643 (42%)
Prior 7-Day Average 237,080
Calls: 137,702 (58%)
Puts: 99,377 (42%)
Current vs Prior 7-Day Avg +1.00%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 3.23% | 4.46%3.23% | 8.45%
Prior 3.14% | 5.60%3.14% | 8.47%
Current vs Prior +3.04% | -20.33%+3.04% | -0.31%
Prior 7-Day Avg 3.53% | 5.60%4.47% | 9.09%
Current vs 7-Day Avg -8.31% | -20.34%-27.62% | -7.09%
Prior 7-Day Eod 3.14% | 5.60%3.14% | 8.47%
Current vs 7-Day Eod +3.04% | -20.33%+3.04% | -0.31%
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

Moderately bearish flow with 71% put dollar volume ($4.55M). Massive premium surge with dollar volume up 222% vs prior. Dollar volume significantly above 7-day average (130% higher). Above-average activity with volume up 56% vs prior.

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 BEARISH
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 7 of results (avg 7.5%, best 5.7%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.50Sep 183.003.25$3.138.0%30.73309
$37.00Oct 23.654.00$3.839.1%200.73--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Sep 181.711.81$1.765.7%2760.504.7K
$42.50Sep 183.253.45$3.356.0%710.713.7K
$45.00Sep 185.205.55$5.386.5%540.853.8K
$45.00Aug 214.805.20$5.008.0%2.1K0.95838
$43.00Sep 253.654.00$3.839.1%10.7419

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.54, cheapest $0.57)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.50Aug 280.520.62$0.5717.5%1020.42--
$45.00Sep 180.280.34$0.3119.4%1720.145.7K
$42.50Sep 180.650.79$0.7219.4%1.7K0.283.7K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$39.50Aug 280.590.70$0.6516.9%90.39--
$35.00Sep 180.230.27$0.2516.0%1410.112.9K
$37.50Sep 180.710.79$0.7510.7%1710.273.0K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 77 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$32.50Sep 187.258.30$7.7813.5%41.00236
$32.50Aug 216.658.90$7.7828.9%60.995
$36.00Aug 283.654.45$4.0519.8%20.952
$35.00Sep 185.005.75$5.3813.9%20.90576
$39.00Aug 210.881.16$1.0227.5%70.894
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Aug 212.412.92$2.6719.1%431.00630
$43.00Aug 212.893.25$3.0711.7%5401.00284
$46.00Aug 214.906.45$5.6827.3%321.0021
$44.50Aug 283.554.95$4.2532.9%11.0034
$41.50Aug 211.201.91$1.5645.5%9220.99975

Most actively traded options today. High liquidity = easy entry/exit. 145 active (total vol 13.2K, top 2.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Sep 180.650.79$0.7219.4%1.7K0.283.7K
$43.50Aug 210.000.21$0.11190.9%2360.09388
$47.50Sep 180.100.17$0.1450.0%2220.074.5K
$41.00Aug 210.010.06$0.03166.7%1840.103
$45.00Sep 180.280.34$0.3119.4%1720.145.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 214.805.20$5.008.0%2.1K0.95838
$41.50Aug 211.201.91$1.5645.5%9220.99975
$40.50Sep 41.151.74$1.4441.0%8160.57--
$44.00Aug 213.754.30$4.0313.6%7170.79393
$47.50Aug 216.457.90$7.1820.2%7020.76215

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 587.7%, max 918.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$47.50Aug 21Sep 18420.2%41.2%918.8%2235.1K
$47.00Aug 21Oct 2405.8%40.7%896.9%6471
$45.50Aug 21Sep 4360.1%51.3%602.1%--256
$44.00Aug 21Oct 2222.2%37.3%496.2%2146
$44.50Aug 21Sep 4233.7%41.1%468.3%1358
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$47.50Aug 21Sep 18420.2%41.2%918.8%8023.3K
$47.00Aug 21Sep 11405.8%46.1%779.4%270192
$44.00Aug 21Sep 11222.2%35.8%520.7%717469
$44.50Aug 21Sep 4233.7%41.1%468.3%274266
$45.50Aug 21Aug 28360.1%81.1%343.9%6368

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 66 found (best R:R 1.00, avg 3.03)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$42.00$44.00Sep 25$0.32$1.68$0.3234%5.25$42.32
$37.00$40.00Oct 2$1.76$1.24$1.7673%0.70$38.76
$39.50$40.00Aug 28$0.12$0.38$0.1261%3.17$39.62
$41.00$43.00Oct 2$0.59$1.41$0.5944%2.39$41.59
$37.50$40.00Sep 18$1.52$0.98$1.5273%0.64$39.02
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$45.00$43.00Oct 2$1.00$1.00$1.0082%1.00$44.00
$43.50$43.00Sep 4$0.13$0.37$0.1385%2.85$43.37
$46.00$45.50Aug 21$0.13$0.37$0.13100%2.85$45.87
$44.50$44.00Sep 4$0.17$0.33$0.1790%1.94$44.33
$44.50$44.00Aug 28$0.25$0.25$0.25100%1.00$44.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 44 found (best R:R 2.13, avg 0.53)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$46.50$47.00Sep 4$0.34$0.34$0.1686%2.13$46.84
$46.00$46.50Aug 28$0.20$0.20$0.3087%0.67$46.20
$43.00$44.00Oct 2$0.40$0.40$0.6068%0.67$43.40
$42.00$42.50Aug 28$0.18$0.18$0.3278%0.56$42.18
$45.50$46.00Sep 4$0.12$0.12$0.3889%0.32$45.62
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$39.00$38.50Aug 28$0.37$0.37$0.1367%2.85$38.63
$37.00$35.00Aug 21$0.18$0.18$1.8287%0.10$36.82
$37.50$35.00Sep 18$0.50$0.50$2.0073%0.25$37.00
$38.00$37.00Sep 25$0.40$0.40$0.6068%0.67$37.60
$39.00$38.00Oct 2$0.48$0.48$0.5259%0.92$38.52

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $0.45, cheapest $0.47)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$40.50Aug 28Sep 4$0.2832.4%35.2%
$40.00Aug 21Aug 28$0.6630.3%34.2%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$39.50Aug 28Sep 4$0.4738.4%40.1%
$40.50Aug 28Sep 4$0.3132.4%35.2%
$40.00Aug 21Aug 28$0.5130.3%34.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 39 found (cheapest 1.23% of stock, avg 7.36%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$40.00Aug 21$0.22$0.27$0.49$39.51$40.491.23%
$39.00Aug 21$1.02$0.05$1.07$37.93$40.072.68%
$41.00Aug 21$0.03$1.22$1.25$39.75$42.253.13%
$41.50Aug 21$0.02$1.56$1.58$39.92$43.083.96%
$39.50Aug 28$1.00$0.65$1.65$37.85$41.154.14%
$40.00Aug 28$0.88$0.78$1.66$38.34$41.664.16%
$40.50Aug 28$0.57$1.13$1.70$38.80$42.204.26%
$41.00Aug 28$0.44$1.52$1.96$39.04$42.964.91%
$39.00Aug 28$1.42$0.55$1.97$37.03$40.974.94%
$42.00Aug 21$0.10$1.89$1.99$40.01$43.994.99%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 133 found (cheapest 0.98% of stock, avg 3.52%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$47.50$35.00Sep 18$0.14$0.25$0.39$34.61$47.89
$40.00$39.00Aug 21$0.22$0.05$0.27$38.73$40.27
$44.00$35.00Sep 11$0.23$0.20$0.43$34.57$44.43
$42.00$38.50Aug 28$0.29$0.18$0.47$38.03$42.47
$42.00$38.00Aug 28$0.29$0.22$0.51$37.49$42.51
$45.50$38.50Aug 28$0.38$0.18$0.56$37.94$46.06
$45.00$35.00Sep 18$0.31$0.25$0.56$34.44$45.56
$42.50$37.00Sep 4$0.29$0.29$0.58$36.42$43.08
$45.50$38.00Aug 28$0.38$0.22$0.60$37.40$46.10
$44.00$39.00Aug 21$0.50$0.05$0.55$38.45$44.55

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 29 found (best R:R 1.63, avg credit $0.51)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
35/3746/46Aug 21$1.24$0.7661%1.63$35.76$46.74
38/3846/46Sep 4$0.31$0.1963%1.63$37.69$45.81
35/3643/44Oct 2$0.62$0.3848%1.63$35.38$43.62
38/3842/42Sep 4$0.35$0.1548%2.33$37.65$42.35
37/3845/46Sep 25$0.58$0.4250%1.38$37.42$45.58
36/3743/44Oct 2$0.65$0.3542%1.86$36.35$43.65
37/3846/46Aug 28$0.34$0.6669%0.52$37.66$46.34
37/3844/45Sep 25$0.54$0.4645%1.17$37.46$44.54
37/3843/44Oct 2$0.63$0.3735%1.70$37.37$43.63
35/3644/45Oct 2$0.41$0.5956%0.69$35.59$44.41

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 67 found (best R:R 15.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$32.50$35.00$37.50Sep 18$0.15$2.3527%15.67
$37.50$40.00$42.50Sep 18$0.63$1.8745%2.97
$42.50$45.00$47.50Sep 18$0.24$2.2622%9.42
$40.00$42.50$45.00Sep 18$0.48$2.0235%4.21
$42.00$43.00$44.00Sep 11$0.05$0.9516%19.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$38.00$39.00$40.00Aug 21$0.20$0.8050%4.00
$37.50$40.00$42.50Sep 18$0.58$1.9244%3.31
$42.50$45.00$47.50Sep 18$0.19$2.3121%12.16
$40.00$42.50$45.00Sep 18$0.44$2.0635%4.68
$35.00$37.50$40.00Sep 18$0.51$1.9939%3.90

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 87 found (best net $-0.31, 63 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$37.00$40.001:2Oct 2-$0.31$2.69
$37.50$40.001:2Sep 18-$0.09$2.41
$35.00$37.501:2Sep 18-$0.88$1.62
$40.00$42.001:2Sep 25-$0.13$1.87
$41.00$43.001:2Oct 2-$0.47$1.53
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$42.50$40.001:2Sep 18-$0.17$2.33
$45.00$42.501:2Sep 18-$1.32$1.18
$39.50$39.001:2Sep 4-$0.06$0.44
$39.00$38.001:2Sep 11-$0.21$0.79
$38.00$37.001:2Sep 25-$0.20$0.80

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 31 found (best yield 4.74%, avg 1.32%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$40.00Oct 2$1.890.510.3%4.74%5.01%12240
$41.00Oct 2$1.220.442.8%3.06%5.84%6--
$40.00Sep 18$1.500.500.3%3.76%4.04%1402.5K
$44.00Oct 2$0.520.2310.3%1.30%11.61%--12
$42.00Sep 25$0.740.345.3%1.86%7.14%1--
$40.00Sep 25$1.400.510.3%3.51%3.79%111
$43.00Oct 2$0.450.327.8%1.13%8.92%24
$42.50Sep 18$0.650.286.5%1.63%8.17%1.7K3.7K
$44.00Sep 25$0.400.2310.3%1.00%11.31%--15
$46.00Oct 2$0.270.1715.3%0.68%15.99%--19

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 11,398
Total Puts 12,712
Put/Call Ratio 1.12
Net Difference -1,314

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 44,479
Total Puts 32,756
Average Put/Call Ratio 0.74
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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