Tour v526
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SOUTHWEST AIRLS CO
$40.67 -0.37%
$40.75 (+0.20%)🌙
as of 08/26 06:04 PM
(8/25 18:03) ◀
|
Wednesday, August 26, 2026 (6:04pm)
January 2026
|
▶
◀ 8/26 18:04

Option Volume

Detail
ℹ
Current (08/26) 5,572
Calls: 4,068 (73%)
Puts: 1,504 (27%)
Prior (08/25) 5,021
Calls: 3,102 (62%)
Puts: 1,919 (38%)
Current vs Prior +10.97%
Calls: +31.14% (Calls)
Puts: -21.63% (Puts)
Prior 7-Day Total 102,629
Calls: 57,496 (56%)
Puts: 45,133 (44%)
Prior 7-Day Average 14,661
Calls: 8,213 (56%)
Puts: 6,447 (44%)
Current vs Prior 7-Day Avg -62.00%
Calls: -50.47%
Puts: -76.67%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/26) $949.9K
Calls: $640.4K (67%)
Puts: $309.5K (33%)
Prior (08/25) $736.8K
Calls: $508.0K (69%)
Puts: $228.8K (31%)
Current vs Prior +28.93%
Calls: +26.07%
Puts: +35.30%
Prior 7-Day Total $25.61M
Calls: $7.44M (29%)
Puts: $18.17M (71%)
Prior 7-Day Average $3.66M
Calls: $1.06M (29%)
Puts: $2.60M (71%)
Current vs Prior 7-Day Avg -74.03%
Calls: -39.76%
Puts: -88.07%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/26) 0.37
Prior (08/25) 0.62
Current vs Prior -40.24%
Prior 7-Day Average 0.71
Current vs Prior 7-Day Avg -47.85%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/26) 237,982
Calls: 137,186 (58%)
Puts: 100,796 (42%)
Prior (08/25) 235,777
Calls: 135,898 (58%)
Puts: 99,879 (42%)
Current vs Prior +0.94%
Prior 7-Day Total 1,662,857
Calls: 964,159 (58%)
Puts: 698,698 (42%)
Prior 7-Day Average 237,551
Calls: 137,737 (58%)
Puts: 99,814 (42%)
Current vs Prior 7-Day Avg +0.18%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 3.64% | 4.89%8.06% | 12.29%
Prior 3.63% | 5.78%7.86% | 11.44%
Current vs Prior +0.37% | -15.37%+2.56% | +7.46%
Prior 7-Day Avg 3.81% | 5.81%4.21% | 9.01%
Current vs 7-Day Avg -4.56% | -15.71%+91.58% | +36.43%
Prior 7-Day Eod 3.63% | 5.78%7.86% | 11.44%
Current vs 7-Day Eod +0.37% | -15.37%+2.56% | +7.46%
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 bullish flow with 67% call dollar volume ($640.4K). Extreme bullish P/C ratio of 0.37 - heavy call buying (4,068 calls vs 1,504 puts). P/C ratio dropping 40% - 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 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 -- of results (avg --%, best --%)

No options available for this category

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

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 76 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Aug 282.484.60$3.5459.9%70.994
$36.00Aug 284.656.05$5.3526.2%160.9870
$35.00Sep 185.157.25$6.2033.9%--0.95574
$35.00Aug 285.607.05$6.3222.9%30.956
$33.00Aug 286.559.85$8.2040.2%80.944
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.00Aug 280.102.61$1.36184.6%181.0078
$42.50Aug 280.712.30$1.51105.3%61.00122
$43.00Aug 281.552.71$2.1354.5%11.00111
$43.50Aug 281.013.90$2.46117.5%--1.0017
$44.00Aug 281.424.45$2.94103.1%71.00435

Most actively traded options today. High liquidity = easy entry/exit. 120 active (total vol 2.5K, top 619)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Sep 180.010.36$0.19184.2%6190.113
$41.00Aug 280.300.45$0.3839.5%1140.53445
$45.00Sep 180.250.40$0.3345.5%740.166.0K
$40.00Aug 280.541.59$1.0798.1%600.74335
$41.00Sep 110.691.42$1.0668.9%550.478
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$41.00Aug 280.490.70$0.6035.0%1390.54335
$47.50Sep 186.108.10$7.1028.2%1030.943.2K
$37.00Sep 180.030.55$0.29179.3%670.1417
$40.00Aug 280.140.44$0.29103.4%630.28333
$38.00Aug 280.000.02$0.01200.0%450.02660

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 17 strikes (avg 118.3%, max 386.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$37.50Aug 28Sep 18183.6%37.7%386.9%2311
$45.50Aug 28Sep 18172.6%38.5%348.8%--47
$44.50Aug 28Sep 18115.6%37.2%211.1%167
$41.50Aug 28Sep 1862.3%37.5%66.0%54230
$40.00Aug 28Oct 258.2%36.0%61.6%60376
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$37.50Aug 28Sep 18183.6%37.7%386.9%13.3K
$38.50Aug 28Sep 11111.1%38.2%191.0%--108
$41.50Aug 28Sep 1862.3%37.5%66.0%5189
$40.00Aug 28Oct 258.2%36.0%61.6%63348
$39.50Aug 28Sep 1857.5%37.1%55.0%12117

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 67 found (best R:R 4.88, avg 2.40)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$40.00$41.00Sep 25$0.17$0.83$0.1761%4.88$40.17
$34.00$35.00Aug 28$0.56$0.44$0.5687%0.79$34.56
$37.50$38.00Aug 28$0.23$0.27$0.2378%1.17$37.73
$37.50$40.00Sep 18$1.66$0.84$1.6682%0.51$39.16
$40.00$40.50Aug 28$0.19$0.31$0.1974%1.63$40.19
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$42.50$42.00Aug 28$0.15$0.35$0.15100%2.33$42.35
$44.00$43.50Sep 4$0.17$0.33$0.1790%1.94$43.83
$48.50$48.00Aug 28$0.20$0.30$0.2084%1.50$48.30
$45.00$44.00Sep 25$0.61$0.39$0.6183%0.64$44.39
$43.50$43.00Aug 28$0.33$0.17$0.33100%0.52$43.17

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 43 found (best R:R 0.60, avg 0.74)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$41.00$42.00Sep 25$0.74$0.74$0.2648%2.85$41.74
$44.50$45.00Aug 28$0.27$0.27$0.2382%1.17$44.77
$41.50$42.00Aug 28$0.36$0.36$0.1458%2.57$41.86
$46.50$47.00Aug 28$0.19$0.19$0.3188%0.61$46.69
$41.50$42.00Sep 4$0.33$0.33$0.1759%1.94$41.83
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$37.00$35.50Sep 4$0.56$0.56$0.9480%0.60$36.44
$38.50$38.00Aug 28$0.38$0.38$0.1280%3.17$38.12
$38.00$37.00Sep 25$0.42$0.42$0.5874%0.72$37.58
$39.50$38.00Sep 18$0.58$0.58$0.9265%0.63$38.92
$37.00$36.00Oct 2$0.35$0.35$0.6577%0.54$36.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $0.41, cheapest $0.31)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$41.50Aug 28Sep 4$0.3262.3%46.9%
$40.50Aug 28Sep 4$0.2345.0%37.5%
$41.00Aug 28Sep 4$0.8148.8%51.7%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$41.50Aug 28Sep 4$0.3162.3%46.9%
$40.50Aug 28Sep 4$0.5245.0%37.5%
$41.00Aug 28Sep 4$0.2848.8%51.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 50 found (cheapest 2.41% of stock, avg 7.12%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$41.00Aug 28$0.38$0.60$0.98$40.02$41.982.41%
$40.50Aug 28$0.88$0.32$1.20$39.30$41.702.95%
$40.00Aug 28$1.07$0.29$1.36$38.64$41.363.34%
$42.00Aug 28$0.18$1.36$1.54$40.46$43.543.79%
$42.50Aug 28$0.11$1.51$1.62$40.88$44.123.98%
$41.50Aug 28$0.54$1.10$1.64$39.86$43.144.03%
$39.00Aug 28$1.59$0.08$1.67$37.33$40.674.11%
$42.00Sep 4$0.53$1.27$1.80$40.20$43.804.43%
$39.50Aug 28$1.65$0.17$1.82$37.68$41.324.48%
$40.50Sep 4$1.11$0.84$1.95$38.55$42.454.79%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 0.86% of stock, avg 3.69%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$42.00$39.50Aug 28$0.18$0.17$0.35$39.15$42.35
$44.50$39.50Aug 28$0.32$0.17$0.49$39.01$44.99
$42.00$40.00Aug 28$0.18$0.29$0.47$39.53$42.47
$42.00$40.50Aug 28$0.18$0.32$0.50$40.00$42.50
$42.00$38.50Aug 28$0.18$0.39$0.57$37.93$42.57
$43.00$38.50Sep 4$0.23$0.39$0.62$37.88$43.62
$44.50$40.00Aug 28$0.32$0.29$0.61$39.39$45.11
$44.50$38.50Aug 28$0.32$0.39$0.71$37.79$45.21
$43.00$39.00Sep 4$0.23$0.46$0.69$38.31$43.69
$44.50$40.50Aug 28$0.32$0.32$0.64$39.86$45.14

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 29 found (best R:R 0.81, avg credit $0.39)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
36/3747/48Sep 4$0.67$0.8370%0.81$36.33$47.67
37/3843/44Sep 25$0.81$0.1940%4.26$37.19$43.81
40/4044/45Aug 28$0.39$0.1154%3.55$39.61$44.89
36/3744/45Oct 2$0.66$0.3448%1.94$36.34$44.66
40/4046/47Aug 28$0.31$0.1960%1.63$39.69$46.81
38/3842/43Sep 4$0.34$0.1651%2.12$38.16$42.84
37/3845/46Sep 25$0.53$0.4754%1.13$37.47$45.53
36/3742/43Sep 4$0.77$0.7353%1.05$36.23$43.27
37/3847/48Sep 25$0.52$0.4853%1.08$37.48$47.52
40/4044/44Aug 28$0.25$0.2558%1.00$39.75$43.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 48 found (best R:R 12.89, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$46.00$46.50$47.00Sep 4$0.06$0.442%7.33
$44.00$44.50$45.00Sep 18$0.07$0.436%6.14
$41.00$41.50$42.00Sep 18$0.09$0.4110%4.56
$40.00$40.50$41.00Sep 18$0.10$0.4010%4.00
$42.50$43.00$43.50Sep 4$0.16$0.3413%2.13
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$42.50$45.00$47.50Sep 18$0.18$2.3228%12.89
$42.00$43.00$44.00Sep 25$0.11$0.8920%8.09
$39.00$40.00$41.00Oct 2$0.11$0.8916%8.09
$40.00$40.50$41.00Sep 18$0.11$0.3910%3.55
$43.50$44.00$44.50Sep 4$0.11$0.390%3.55

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 84 found (best net $-0.36, 70 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$37.00$40.001:2Oct 2-$0.36$2.64
$37.50$40.001:2Sep 18-$0.35$2.15
$35.00$37.501:2Sep 18-$1.14$1.36
$43.00$44.001:2Sep 25-$0.12$0.88
$41.50$42.001:2Sep 11-$0.12$0.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$42.501:2Sep 18-$0.86$1.64
$43.00$41.001:2Oct 2-$0.79$1.21
$41.50$41.001:2Aug 28-$0.10$0.40
$40.00$39.001:2Sep 11-$0.21$0.79
$40.00$39.501:2Aug 28-$0.05$0.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 28 found (best yield 3.47%, avg 0.95%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$41.00Sep 25$1.410.520.8%3.47%4.28%258
$41.00Sep 18$1.270.500.8%3.12%3.93%10272
$44.00Oct 2$0.410.288.2%1.01%9.20%--13
$45.00Oct 2$0.260.2110.7%0.64%11.29%344
$42.50Sep 18$0.500.344.5%1.23%5.73%93.9K
$46.00Oct 2$0.150.1813.1%0.37%13.47%--21
$43.00Sep 18$0.410.295.7%1.01%6.74%--13
$42.00Sep 25$0.520.423.3%1.28%4.55%111
$43.00Sep 25$0.280.345.7%0.69%6.42%--29
$45.00Sep 25$0.170.2010.7%0.42%11.06%2834

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 4,068
Total Puts 1,504
Put/Call Ratio 0.37
Net Difference 2,564

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 57,496
Total Puts 45,133
Average Put/Call Ratio 0.71
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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