Tour v526
LUV
SOUTHWEST AIRLS CO
$39.76 -2.24%
$39.94 (+0.45%)🌙
as of 08/27 06:03 PM
(8/26 18:04) ◀
|
Thursday, August 27, 2026 (6:03pm)
January 2026
|
▶ (8/28 18:02)
◀ 8/27 18:03 ▶

Option Volume

Detail
ℹ
Current (08/27) 11,091
Calls: 4,098 (37%)
Puts: 6,993 (63%)
Prior (08/26) 5,572
Calls: 4,068 (73%)
Puts: 1,504 (27%)
Current vs Prior +99.05%
Calls: +0.74% (Calls)
Puts: +364.96% (Puts)
Prior 7-Day Total 100,655
Calls: 56,709 (56%)
Puts: 43,946 (44%)
Prior 7-Day Average 14,379
Calls: 8,101 (56%)
Puts: 6,278 (44%)
Current vs Prior 7-Day Avg -22.87%
Calls: -49.42%
Puts: +11.39%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/27) $2.89M
Calls: $601.6K (21%)
Puts: $2.29M (79%)
Prior (08/26) $949.9K
Calls: $640.4K (67%)
Puts: $309.5K (33%)
Current vs Prior +204.47%
Calls: -6.07%
Puts: +640.14%
Prior 7-Day Total $25.22M
Calls: $7.04M (28%)
Puts: $18.17M (72%)
Prior 7-Day Average $3.60M
Calls: $1.01M (28%)
Puts: $2.60M (72%)
Current vs Prior 7-Day Avg -19.71%
Calls: -40.19%
Puts: -11.77%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/27) 1.71
Prior (08/26) 0.37
Current vs Prior +361.56%
Prior 7-Day Average 0.68
Current vs Prior 7-Day Avg +150.00%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/27) 239,584
Calls: 138,457 (58%)
Puts: 101,127 (42%)
Prior (08/26) 237,982
Calls: 137,186 (58%)
Puts: 100,796 (42%)
Current vs Prior +0.67%
Prior 7-Day Total 1,660,539
Calls: 961,197 (58%)
Puts: 699,342 (42%)
Prior 7-Day Average 237,219
Calls: 137,313 (58%)
Puts: 99,906 (42%)
Current vs Prior 7-Day Avg +1.00%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 3.32% | 5.03%7.90% | 11.37%
Prior 3.64% | 4.89%8.06% | 12.29%
Current vs Prior -8.77% | +2.80%-2.08% | -7.53%
Prior 7-Day Avg 3.77% | 5.63%4.80% | 9.50%
Current vs 7-Day Avg -11.89% | -10.70%+64.64% | +19.71%
Prior 7-Day Eod 3.64% | 4.89%8.06% | 12.29%
Current vs 7-Day Eod -8.77% | +2.80%-2.08% | -7.53%
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

Strong bearish conviction with 79% of dollar volume in puts ($2.29M) vs calls ($601.6K). Massive premium surge with dollar volume up 204% vs prior. Above-average activity with volume up 99% vs prior. Extreme bearish P/C ratio of 1.71 - heavy put buying.

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 BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
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 4.5%, best 4.5%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Sep 185.405.65$5.534.5%2.0K0.913.7K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.69, cheapest $0.84)

CALLS (0)
No calls meet the criteria
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.50Aug 280.760.92$0.8419.0%140.7338
$36.00Oct 20.490.57$0.5315.1%10.1914

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 68 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$32.50Sep 186.058.65$7.3535.4%--1.00236
$35.00Sep 184.755.85$5.3020.8%--0.95574
$36.00Aug 282.984.65$3.8243.7%20.9568
$35.00Aug 283.056.85$4.9576.8%10.948
$37.00Aug 282.054.10$3.0866.6%10.8620
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.00Aug 285.558.45$7.0041.4%10.992
$47.50Aug 286.309.00$7.6535.3%10.981
$44.00Aug 282.894.40$3.6541.4%3150.98272
$46.00Sep 45.056.85$5.9530.3%--0.97211
$42.00Aug 281.292.76$2.0372.4%130.9772

Most actively traded options today. High liquidity = easy entry/exit. 128 active (total vol 5.7K, top 2.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Sep 180.050.16$0.11100.0%4040.064.6K
$45.00Sep 180.110.18$0.1450.0%1620.096.0K
$40.00Sep 181.091.40$1.2524.8%1500.472.7K
$41.00Sep 40.280.58$0.4369.8%1200.3046
$42.00Aug 280.000.03$0.02150.0%1090.03200
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Sep 185.405.65$5.534.5%2.0K0.913.7K
$44.00Aug 282.894.40$3.6541.4%3150.98272
$43.00Aug 282.603.35$2.9825.2%1670.96111
$41.50Sep 182.052.63$2.3424.8%1580.685
$40.00Aug 280.410.52$0.4723.4%1530.61376

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 170.4%, max 568.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$45.50Aug 28Sep 18286.7%42.9%568.1%--47
$43.50Aug 28Sep 18181.7%39.1%365.3%2131
$44.50Aug 28Sep 4239.5%54.2%341.5%1207
$41.00Aug 28Oct 969.4%35.8%93.6%86508
$39.00Aug 28Sep 459.3%37.3%58.8%--599
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$43.50Aug 28Sep 18181.7%39.1%365.3%3217
$44.50Aug 28Sep 4239.5%54.2%341.5%17106
$37.50Aug 28Sep 18151.4%35.8%323.3%223.3K
$38.50Aug 28Sep 1168.8%32.5%111.7%29108
$41.00Aug 28Oct 269.4%37.3%85.8%5345

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 73 found (best R:R 1.38, avg 2.82)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$37.00$40.00Oct 2$1.62$1.38$1.6275%0.85$38.62
$42.00$43.00Sep 25$0.12$0.88$0.1230%7.33$42.12
$36.50$37.00Aug 28$0.31$0.19$0.3182%0.61$36.81
$40.00$40.50Sep 18$0.15$0.35$0.1547%2.33$40.15
$39.00$39.50Aug 28$0.30$0.20$0.3074%0.67$39.30
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$46.00$45.00Sep 4$0.42$0.58$0.4298%1.38$45.58
$43.00$42.00Sep 11$0.55$0.45$0.5584%0.82$42.45
$42.00$41.50Sep 4$0.18$0.32$0.1888%1.78$41.82
$43.00$42.00Oct 2$0.47$0.53$0.4773%1.13$42.53
$41.00$40.50Sep 11$0.11$0.39$0.1167%3.55$40.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 51 found (best R:R 1.63, avg 0.55)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$43.50$44.00Aug 28$0.31$0.31$0.1983%1.63$43.81
$46.50$47.00Sep 4$0.29$0.29$0.2186%1.38$46.79
$45.50$46.00Sep 4$0.22$0.22$0.2888%0.79$45.72
$40.00$40.50Sep 4$0.37$0.37$0.1354%2.85$40.37
$41.00$42.00Sep 4$0.33$0.33$0.6770%0.49$41.33
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$38.00$37.00Oct 2$0.50$0.50$0.5066%1.00$37.50
$37.50$37.00Sep 11$0.26$0.26$0.2476%1.08$37.24
$38.00$37.50Sep 18$0.30$0.30$0.2068%1.50$37.70
$34.00$33.00Sep 18$0.22$0.22$0.7888%0.28$33.78
$39.00$38.00Sep 25$0.49$0.49$0.5158%0.96$38.51

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.41, cheapest $0.15)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$39.50Aug 28Sep 4$0.1542.9%32.8%
$40.00Aug 28Sep 4$0.5041.2%36.9%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$39.50Aug 28Sep 4$0.4442.9%32.8%
$40.00Aug 28Sep 4$0.5341.2%36.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 43 found (cheapest 1.74% of stock, avg 7.26%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$40.00Aug 28$0.22$0.47$0.69$39.31$40.691.74%
$40.50Aug 28$0.20$0.84$1.04$39.46$41.542.62%
$41.00Aug 28$0.14$0.92$1.06$39.94$42.062.67%
$39.50Aug 28$0.85$0.23$1.08$38.42$40.582.72%
$39.00Aug 28$1.15$0.19$1.34$37.66$40.343.37%
$41.50Aug 28$0.02$1.64$1.66$39.84$43.164.18%
$39.50Sep 4$1.00$0.67$1.67$37.83$41.174.20%
$40.50Sep 4$0.35$1.34$1.69$38.81$42.194.25%
$40.00Sep 4$0.72$1.00$1.72$38.28$41.724.33%
$41.00Sep 4$0.43$1.50$1.93$39.07$42.934.85%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 146 found (cheapest 0.68% of stock, avg 3.17%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$41.00$38.50Aug 28$0.14$0.13$0.27$38.23$41.27
$42.50$37.50Sep 4$0.13$0.18$0.31$37.19$42.81
$41.00$37.00Aug 28$0.14$0.19$0.33$36.67$41.33
$41.00$39.00Aug 28$0.14$0.19$0.33$38.67$41.33
$40.50$38.50Aug 28$0.20$0.13$0.33$38.17$40.83
$40.50$39.00Aug 28$0.20$0.19$0.39$38.61$40.89
$40.00$38.50Aug 28$0.22$0.13$0.35$38.15$40.35
$40.00$39.50Aug 28$0.22$0.23$0.45$39.05$40.45
$40.50$37.00Aug 28$0.20$0.19$0.39$36.61$40.89
$41.00$39.50Aug 28$0.14$0.23$0.37$39.13$41.37

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 49 found (best R:R 3.55, avg credit $0.40)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
37/3845/46Oct 2$0.78$0.2248%3.55$37.22$45.78
36/3646/46Sep 4$0.34$0.1678%2.13$35.66$45.84
37/3846/47Aug 28$0.31$0.1972%1.63$37.19$46.81
38/3846/46Sep 4$0.33$0.1766%1.94$37.67$45.83
32/3344/44Sep 18$0.26$0.2476%1.08$32.74$43.76
32/3346/46Sep 18$0.22$0.2884%0.79$32.78$45.72
38/3846/46Sep 4$0.33$0.1760%1.94$38.17$45.83
38/3846/47Aug 28$0.24$0.2676%0.92$38.26$46.74
33/3446/46Sep 18$0.34$0.6678%0.52$33.66$45.84
36/3846/47Sep 4$0.40$0.6071%0.67$37.10$46.90

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 45 found (best R:R 2.42, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$35.00$37.50$40.00Sep 18$0.73$1.7748%2.42
$42.00$42.50$43.00Sep 11$0.05$0.455%9.00
$41.00$41.50$42.00Sep 18$0.09$0.419%4.56
$41.00$41.50$42.00Aug 28$0.12$0.3816%3.17
$36.00$36.50$37.00Aug 28$0.12$0.389%3.17
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$42.00$43.00$44.00Sep 25$0.07$0.9313%13.29
$35.00$36.00$37.00Oct 2$0.06$0.9411%15.67
$38.00$38.50$39.00Sep 4$0.05$0.4515%9.00
$39.50$40.00$40.50Aug 28$0.13$0.3735%2.85
$39.00$40.00$41.00Sep 25$0.12$0.8818%7.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 83 found (best net $-0.52, 64 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$35.00$37.501:2Sep 18-$0.52$1.98
$37.00$40.001:2Oct 2-$0.14$2.86
$41.00$43.001:2Oct 2-$0.09$1.91
$43.00$44.001:2Sep 25-$0.09$0.91
$40.50$41.001:2Aug 28-$0.08$0.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$40.00$39.001:2Sep 11-$0.16$0.84
$41.50$41.001:2Aug 28-$0.20$0.30
$40.50$40.001:2Aug 28-$0.10$0.40
$38.00$37.001:2Sep 25-$0.23$0.77
$38.00$37.001:2Oct 2-$0.25$0.75

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 29 found (best yield 3.40%, avg 1.35%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$41.00Oct 9$1.350.453.1%3.40%6.51%2--
$40.00Oct 2$1.470.500.6%3.70%4.30%341
$41.00Oct 2$1.030.413.1%2.59%5.71%18
$41.00Sep 25$0.970.393.1%2.44%5.56%--33
$40.00Sep 25$1.320.480.6%3.32%3.92%--56
$43.00Oct 2$0.460.278.2%1.16%9.31%157
$40.50Sep 18$0.960.421.9%2.41%4.28%2830
$41.00Sep 18$0.790.373.1%1.99%5.11%35282
$40.00Sep 18$1.090.470.6%2.74%3.35%1502.7K
$45.00Oct 2$0.250.1813.2%0.63%13.81%1245

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 4,098
Total Puts 6,993
Put/Call Ratio 1.71
Net Difference -2,895

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 56,709
Total Puts 43,946
Average Put/Call Ratio 0.68
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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