Tour v526
LUV
SOUTHWEST AIRLS CO
$40.82 +0.27%
$40.86 (+0.11%)🌙
as of 08/25 06:03 PM
8/25 18:03

Option Volume

Detail
Current (08/25) 5,021
Calls: 3,102 (62%)
Puts: 1,919 (38%)
Prior (08/21) 7,289
Calls: 4,402 (60%)
Puts: 2,887 (40%)
Current vs Prior -31.12%
Calls: -29.53% (Calls)
Puts: -33.53% (Puts)
Prior 7-Day Total 101,571
Calls: 56,584 (56%)
Puts: 44,987 (44%)
Prior 7-Day Average 14,510
Calls: 8,083 (56%)
Puts: 6,426 (44%)
Current vs Prior 7-Day Avg -65.40%
Calls: -61.63%
Puts: -70.14%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/25) $736.8K
Calls: $508.0K (69%)
Puts: $228.8K (31%)
Prior (08/21) $1.23M
Calls: $760.6K (62%)
Puts: $468.3K (38%)
Current vs Prior -40.05%
Calls: -33.21%
Puts: -51.16%
Prior 7-Day Total $25.55M
Calls: $7.40M (29%)
Puts: $18.15M (71%)
Prior 7-Day Average $3.65M
Calls: $1.06M (29%)
Puts: $2.59M (71%)
Current vs Prior 7-Day Avg -79.82%
Calls: -51.95%
Puts: -91.18%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/25) 0.62
Prior (08/21) 0.66
Current vs Prior -5.67%
Prior 7-Day Average 0.74
Current vs Prior 7-Day Avg -15.98%
Sentiment BULLISH

Open Interest

Detail
Current (08/25) 235,777
Calls: 135,898 (58%)
Puts: 99,879 (42%)
Prior (08/21) 246,432
Calls: 144,647 (59%)
Puts: 101,785 (41%)
Current vs Prior -4.32%
Prior 7-Day Total 1,667,619
Calls: 968,478 (58%)
Puts: 699,141 (42%)
Prior 7-Day Average 238,231
Calls: 138,354 (58%)
Puts: 99,877 (42%)
Current vs Prior 7-Day Avg -1.03%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 3.63% | 5.78%7.86% | 11.44%
Prior 4.09% | 6.71%2.63% | 8.37%
Current vs Prior -11.27% | -13.85%+199.56% | +36.68%
Prior 7-Day Avg 3.61% | 5.67%3.78% | 8.71%
Current vs 7-Day Avg +0.34% | +1.96%+108.20% | +31.28%
Prior 7-Day Eod 4.09% | 6.71%2.63% | 8.37%
Current vs 7-Day Eod -11.27% | -13.85%+199.56% | +36.68%
Sentiment BULLISHBEARISH

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 69% call dollar volume ($508.0K). Bullish P/C ratio of 0.62.

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 BEARISH
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 1 of results (avg 7.6%, best 7.6%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 285.055.45$5.257.6%20.9916

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.79, cheapest $0.79)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.50Aug 280.730.85$0.7915.2%2680.58193
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 75 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$33.00Aug 287.409.05$8.2320.0%21.004
$35.00Aug 284.506.90$5.7042.1%31.003
$36.00Aug 284.505.00$4.7510.5%191.0088
$36.50Aug 283.654.50$4.0820.8%41.0012
$37.00Aug 283.054.40$3.7336.2%31.0015
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 285.055.45$5.257.6%20.9916
$45.00Aug 283.655.10$4.3833.1%130.9970
$44.00Aug 282.983.65$3.3220.2%320.97467
$48.00Aug 286.809.00$7.9027.8%--0.9673
$47.50Aug 286.408.35$7.3826.4%40.95--

Most actively traded options today. High liquidity = easy entry/exit. 123 active (total vol 3.5K, top 618)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Sep 180.240.45$0.3560.0%3590.175.9K
$42.50Sep 40.230.40$0.3253.1%2870.2335
$40.50Aug 280.730.85$0.7915.2%2680.58193
$41.00Aug 280.300.60$0.4566.7%2050.44394
$40.00Sep 181.832.17$2.0017.0%1850.592.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Aug 280.000.03$0.02150.0%6180.0351
$35.00Sep 180.080.24$0.16100.0%1600.083.0K
$45.00Sep 184.455.10$4.7813.6%710.833.7K
$35.00Oct 20.000.56$0.28200.0%670.1163
$40.00Aug 280.220.34$0.2842.9%610.30318

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 24.0%, max 62.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$39.00Aug 28Sep 2553.4%34.6%54.4%354
$46.50Aug 28Sep 4147.2%96.6%52.4%--65
$41.50Aug 28Sep 1847.9%34.5%38.7%122145
$42.00Aug 28Sep 2542.4%37.4%13.5%30186
$40.00Aug 28Oct 240.2%36.0%11.6%95315
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$41.50Aug 28Sep 447.9%29.5%62.5%12205
$39.00Aug 28Oct 253.4%35.9%48.6%58188
$42.00Aug 28Sep 2542.4%37.4%13.5%1298
$40.00Aug 28Oct 240.2%36.0%11.6%61333
$41.00Aug 28Oct 238.8%38.3%1.4%15329

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 69 found (best R:R 2.13, avg 2.69)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$37.50$39.00Sep 4$0.84$0.66$0.8494%0.79$38.34
$37.50$40.00Sep 18$1.65$0.85$1.6581%0.52$39.15
$39.50$40.00Aug 28$0.27$0.23$0.2784%0.85$39.77
$39.00$40.00Sep 25$0.53$0.47$0.5368%0.89$39.53
$40.00$40.50Aug 28$0.27$0.23$0.2771%0.85$40.27
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$46.00$45.00Sep 4$0.32$0.68$0.3287%2.13$45.68
$44.00$43.00Sep 25$0.32$0.68$0.3276%2.13$43.68
$48.00$47.00Sep 11$0.52$0.48$0.5287%0.92$47.48
$47.00$46.50Aug 28$0.15$0.35$0.1591%2.33$46.85
$47.00$46.00Sep 4$0.60$0.40$0.6083%0.67$46.40

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 47 found (best R:R 1.78, avg 0.62)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$46.50$47.00Aug 28$0.32$0.32$0.1883%1.78$46.82
$46.50$47.00Sep 4$0.30$0.30$0.2078%1.50$46.80
$47.00$48.00Sep 4$0.29$0.29$0.7183%0.41$47.29
$46.00$47.00Sep 11$0.35$0.35$0.6577%0.54$46.35
$41.00$41.50Sep 18$0.39$0.39$0.1151%3.55$41.39
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$38.50$38.00Sep 4$0.30$0.30$0.2078%1.50$38.20
$36.00$35.00Oct 2$0.30$0.30$0.7082%0.43$35.70
$39.00$38.00Sep 25$0.42$0.42$0.5868%0.72$38.58
$39.50$39.00Sep 4$0.27$0.27$0.2368%1.17$39.23
$40.00$39.00Sep 25$0.49$0.49$0.5158%0.96$39.51

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $0.34, cheapest $0.07)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$41.50Aug 28Sep 4$0.0747.9%29.5%
$40.50Aug 28Sep 4$0.3738.6%30.5%
$41.00Aug 28Sep 4$0.4838.8%40.0%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$40.50Aug 28Sep 4$0.2938.6%30.5%
$41.00Aug 28Sep 4$0.5138.8%40.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 49 found (cheapest 2.79% of stock, avg 7.23%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$41.00Aug 28$0.45$0.69$1.14$39.86$42.142.79%
$40.50Aug 28$0.79$0.44$1.23$39.27$41.733.01%
$40.00Aug 28$1.06$0.28$1.34$38.66$41.343.28%
$39.50Aug 28$1.33$0.14$1.47$38.03$40.973.60%
$41.50Aug 28$0.39$1.10$1.49$40.01$42.993.65%
$42.00Aug 28$0.19$1.36$1.55$40.45$43.553.80%
$41.50Sep 4$0.46$1.13$1.59$39.91$43.093.90%
$40.50Sep 4$1.16$0.73$1.89$38.61$42.394.63%
$41.00Sep 11$0.80$1.09$1.89$39.11$42.894.63%
$39.00Aug 28$1.84$0.19$2.03$36.97$41.034.97%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.64% of stock, avg 3.49%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$42.00$38.50Aug 28$0.19$0.07$0.26$38.24$42.26
$42.00$39.50Aug 28$0.19$0.14$0.33$39.17$42.33
$42.00$39.00Aug 28$0.19$0.19$0.38$38.62$42.38
$42.00$40.00Aug 28$0.19$0.28$0.47$39.53$42.47
$46.50$38.50Aug 28$0.48$0.07$0.55$37.95$47.05
$41.50$38.50Aug 28$0.39$0.07$0.46$38.04$41.96
$46.50$39.50Aug 28$0.48$0.14$0.62$38.88$47.12
$42.50$39.00Sep 4$0.32$0.30$0.62$38.38$43.12
$41.50$39.50Aug 28$0.39$0.14$0.53$38.97$42.03
$46.50$39.00Aug 28$0.48$0.19$0.67$38.33$47.17

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 44 found (best R:R 1.44, avg credit $0.40)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
38/3847/48Sep 4$0.59$0.4161%1.44$37.91$47.59
35/3646/47Oct 2$0.55$0.4564%1.22$35.45$46.55
38/3944/45Aug 28$0.23$0.2773%0.85$38.77$44.73
35/3644/45Oct 2$0.54$0.4656%1.17$35.46$44.54
38/3947/48Sep 25$0.57$0.4351%1.33$38.43$47.57
38/3843/44Sep 11$0.32$0.1852%1.78$38.18$43.32
39/4047/48Sep 4$0.56$0.4452%1.27$38.94$47.56
39/4042/42Sep 4$0.38$0.1239%3.17$39.12$42.38
38/3942/42Aug 28$0.32$0.1848%1.78$38.68$41.82
40/4044/45Aug 28$0.25$0.2561%1.00$39.75$44.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 51 found (best R:R 13.29, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$44.00$45.00$46.00Sep 25$0.07$0.9311%13.29
$42.00$42.50$43.00Aug 28$0.06$0.4413%7.33
$47.00$47.50$48.00Aug 28$0.05$0.455%9.00
$41.50$42.00$42.50Aug 28$0.11$0.3921%3.55
$40.00$40.50$41.00Sep 4$0.10$0.4016%4.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$38.00$39.00$40.00Sep 25$0.07$0.9320%13.29
$41.00$42.00$43.00Sep 25$0.07$0.9318%13.29
$39.00$40.00$41.00Oct 2$0.07$0.9316%13.29
$40.00$40.50$41.00Aug 28$0.09$0.4127%4.56
$38.00$38.50$39.00Aug 28$0.07$0.4315%6.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 79 found (best net $-0.39, 66 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$37.00$40.001:2Oct 2-$0.39$2.61
$37.50$40.001:2Sep 18-$0.35$2.15
$35.00$37.501:2Sep 18-$0.97$1.53
$40.50$41.001:2Aug 28-$0.11$0.39
$46.00$47.001:2Sep 11-$0.06$0.94
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$44.50$42.501:2Sep 18-$1.32$0.68
$42.50$41.001:2Sep 18-$0.65$0.85
$37.00$35.001:2Sep 25-$0.08$1.92
$39.00$38.001:2Sep 25-$0.07$0.93
$43.00$41.001:2Oct 2-$1.13$0.87

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 29 found (best yield 3.31%, avg 1.10%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$41.00Sep 18$1.350.490.4%3.31%3.75%1271
$42.00Sep 18$0.900.392.9%2.20%5.10%21
$41.00Sep 25$1.270.490.4%3.11%3.55%54
$42.00Sep 25$0.820.402.9%2.01%4.90%--11
$45.00Oct 2$0.420.2010.2%1.03%11.27%--44
$43.00Sep 18$0.590.305.3%1.45%6.79%112
$44.00Sep 25$0.440.247.8%1.08%8.87%134
$41.00Oct 2$1.110.480.4%2.72%3.16%46
$41.50Sep 18$0.860.431.7%2.11%3.77%796
$42.50Sep 18$0.560.344.1%1.37%5.49%53.9K

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 3,102
Total Puts 1,919
Put/Call Ratio 0.62
Net Difference 1,183

Prior's Put/Call Breakdown

Total Calls 4,402
Total Puts 2,887
Put/Call Ratio 0.66
Net Difference 1,515

Prior 7-Day Put/Call Summary

Total Calls 56,584
Total Puts 44,987
Average Put/Call Ratio 0.74
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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