Tour v526
LUV
SOUTHWEST AIRLS CO
$38.53 -2.80%
$38.59 (+0.16%)🌙
as of 08/31 06:03 PM
(8/28 18:02) ◀
|
Monday, August 31, 2026 (6:03pm)
January 2026
|
▶ (9/1 18:03)
◀ 8/31 18:03 ▶

Option Volume

Detail
ℹ
Current (08/31) 37,299
Calls: 9,990 (27%)
Puts: 27,309 (73%)
Prior (08/28) 9,889
Calls: 5,906 (60%)
Puts: 3,983 (40%)
Current vs Prior +277.18%
Calls: +69.15% (Calls)
Puts: +585.64% (Puts)
Prior 7-Day Total 78,413
Calls: 45,020 (57%)
Puts: 33,393 (43%)
Prior 7-Day Average 11,201
Calls: 6,431 (57%)
Puts: 4,770 (43%)
Current vs Prior 7-Day Avg +232.97%
Calls: +55.33%
Puts: +472.46%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/31) $22.47M
Calls: $873.2K (4%)
Puts: $21.60M (96%)
Prior (08/28) $1.14M
Calls: $702.5K (61%)
Puts: $441.6K (39%)
Current vs Prior +1864.34%
Calls: +24.29%
Puts: +4791.83%
Prior 7-Day Total $15.32M
Calls: $6.12M (40%)
Puts: $9.19M (60%)
Prior 7-Day Average $2.19M
Calls: $874.8K (40%)
Puts: $1.31M (60%)
Current vs Prior 7-Day Avg +927.07%
Calls: -0.19%
Puts: +1544.71%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/31) 2.73
Prior (08/28) 0.67
Current vs Prior +305.34%
Prior 7-Day Average 0.77
Current vs Prior 7-Day Avg +252.92%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/31) 241,735
Calls: 140,184 (58%)
Puts: 101,551 (42%)
Prior (08/28) 242,522
Calls: 140,264 (58%)
Puts: 102,258 (42%)
Current vs Prior -0.32%
Prior 7-Day Total 1,675,480
Calls: 967,489 (58%)
Puts: 707,991 (42%)
Prior 7-Day Average 239,354
Calls: 138,212 (58%)
Puts: 101,141 (42%)
Current vs Prior 7-Day Avg +0.99%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 3.71% | 5.55%7.37% | 11.21%
Prior 4.84% | 5.60%7.92% | 11.10%
Current vs Prior -23.38% | -0.83%-6.95% | +1.01%
Prior 7-Day Avg 3.70% | 5.44%5.82% | 10.21%
Current vs 7-Day Avg +0.36% | +2.10%+26.63% | +9.77%
Prior 7-Day Eod 4.84% | 5.60%7.92% | 11.10%
Current vs 7-Day Eod -23.38% | -0.83%-6.95% | +1.01%
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
+
Add Card

🤖 AI Insights

Strong bearish conviction with 96% of dollar volume in puts ($21.60M) vs calls ($873.2K). Massive premium surge with dollar volume up 1864% vs prior. Dollar volume significantly above 7-day average (927% higher). Unusually high activity with volume up 277% vs prior - elevated interest.

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 4 of results (avg 7.7%, best 3.7%)

CALLS (0)
No calls meet the criteria
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Sep 186.556.80$6.683.7%160.942.3K
$42.50Sep 184.054.40$4.228.3%770.853.7K
$46.00Sep 117.157.80$7.488.7%20.955
$43.00Sep 44.304.75$4.539.9%940.9676

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.44, cheapest $0.44)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Sep 40.400.48$0.4418.2%1220.40103

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
$31.00Sep 47.107.90$7.5010.7%11.00--
$32.00Sep 45.157.40$6.2835.8%11.00--
$33.00Sep 45.356.45$5.9018.6%11.00--
$32.50Sep 185.906.60$6.2511.2%31.00236
$35.00Sep 183.404.05$3.7217.5%30.98574
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.00Sep 113.253.90$3.5818.2%--1.0038
$43.00Sep 113.854.85$4.3523.0%--1.0078
$43.50Sep 114.055.30$4.6826.7%--1.0019
$44.00Sep 115.205.95$5.5813.4%501.0077
$45.00Sep 115.606.95$6.2821.5%231.0024

Most actively traded options today. High liquidity = easy entry/exit. 142 active (total vol 10.0K, top 1.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Sep 180.560.80$0.6835.3%1.3K0.322.7K
$41.00Sep 180.380.50$0.4427.3%8050.23320
$39.00Sep 40.320.49$0.4141.5%7610.36566
$45.00Sep 180.050.10$0.0862.5%6950.056.4K
$38.00Sep 111.001.44$1.2236.1%5870.64--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Sep 182.002.45$2.2320.2%5690.684.9K
$38.00Sep 180.891.29$1.0936.7%2960.46121
$38.50Sep 40.470.72$0.6041.7%1510.5396
$42.50Sep 43.704.35$4.0316.1%1400.97142
$35.00Sep 180.060.25$0.16118.8%1360.113.3K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 24.6%, max 74.7%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$37.50Sep 4Sep 1845.3%25.9%74.7%12308
$39.50Sep 4Sep 1841.1%37.1%10.9%35149
$39.00Sep 4Oct 942.1%39.1%7.7%766570
$40.00Sep 4Oct 941.1%39.2%4.9%388181
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$37.50Sep 4Sep 1845.3%25.9%74.7%733.3K
$39.50Sep 4Sep 1841.1%37.1%10.9%3887
$39.00Sep 4Oct 942.1%39.1%7.7%50163
$40.00Sep 4Oct 941.1%39.2%4.9%77210

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 55 found (best R:R 1.63, avg 2.30)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$32.00$33.00Sep 4$0.38$0.62$0.38100%1.63$32.38
$38.00$39.00Sep 25$0.36$0.64$0.3658%1.78$38.36
$37.50$38.00Sep 4$0.23$0.27$0.2372%1.17$37.73
$41.00$42.00Oct 2$0.13$0.87$0.1328%6.69$41.13
$38.50$39.00Sep 18$0.15$0.35$0.1549%2.33$38.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$45.00$44.00Sep 25$0.27$0.73$0.2791%2.70$44.73
$43.00$40.00Oct 9$1.87$1.13$1.8778%0.60$41.13
$41.00$40.00Sep 25$0.49$0.51$0.4970%1.04$40.51
$41.00$40.50Sep 18$0.19$0.31$0.1976%1.63$40.81
$43.50$43.00Sep 11$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. 34 found (best R:R 1.63, avg 0.55)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$39.00$40.00Sep 25$0.62$0.62$0.3853%1.63$39.62
$39.00$39.50Sep 18$0.37$0.37$0.1357%2.85$39.37
$41.50$42.00Sep 18$0.23$0.23$0.2779%0.85$41.73
$41.00$42.00Sep 25$0.37$0.37$0.6370%0.59$41.37
$40.00$41.00Oct 2$0.44$0.44$0.5662%0.79$40.44
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$36.00$35.00Sep 18$0.32$0.32$0.6877%0.47$35.68
$36.00$35.00Sep 25$0.30$0.30$0.7075%0.43$35.70
$37.50$37.00Sep 4$0.21$0.21$0.2970%0.72$37.29
$35.00$34.00Sep 11$0.14$0.14$0.8689%0.16$34.86
$38.00$37.00Sep 25$0.45$0.45$0.5558%0.82$37.55

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 7 found (avg debit $0.21, cheapest $0.27)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$39.00Sep 4Sep 11$0.3242.1%32.0%
$38.50Sep 4Sep 11$0.4433.6%28.5%
$38.00Sep 4Sep 11$0.1438.3%34.5%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$39.00Sep 4Sep 11$0.2742.1%32.0%
$37.50Sep 4Sep 11$0.1045.3%35.8%
$38.50Sep 4Sep 11$0.0633.6%28.5%
$38.00Sep 4Sep 11$0.1638.3%34.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 42 found (cheapest 2.80% of stock, avg 7.26%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$38.50Sep 4$0.48$0.60$1.08$37.42$39.582.80%
$39.00Sep 4$0.41$0.95$1.36$37.64$40.363.53%
$38.00Sep 4$1.08$0.44$1.52$36.48$39.523.94%
$38.50Sep 11$0.92$0.66$1.58$36.92$40.084.10%
$39.50Sep 4$0.25$1.35$1.60$37.90$41.104.15%
$37.50Sep 4$1.31$0.36$1.67$35.83$39.174.33%
$38.00Sep 11$1.22$0.60$1.82$36.18$39.824.72%
$40.00Sep 4$0.15$1.68$1.83$38.17$41.834.75%
$39.00Sep 11$0.73$1.22$1.95$37.05$40.955.06%
$37.50Sep 11$1.60$0.46$2.06$35.44$39.565.35%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 128 found (cheapest 0.31% of stock, avg 3.01%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$40.50$36.00Sep 4$0.08$0.04$0.12$35.88$40.62
$40.50$36.50Sep 4$0.08$0.07$0.15$36.35$40.65
$40.00$36.00Sep 4$0.15$0.04$0.19$35.81$40.19
$40.00$36.50Sep 4$0.15$0.07$0.22$36.28$40.22
$40.50$37.00Sep 4$0.08$0.15$0.23$36.77$40.73
$40.00$37.00Sep 4$0.15$0.15$0.30$36.70$40.30
$39.50$36.00Sep 4$0.25$0.04$0.29$35.71$39.79
$39.50$36.50Sep 4$0.25$0.07$0.32$36.18$39.82
$40.50$36.50Sep 11$0.18$0.19$0.37$36.13$40.87
$41.00$36.50Sep 11$0.20$0.19$0.39$36.11$41.39

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 21 found (best R:R 2.03, avg credit $0.40)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
35/3641/42Sep 25$0.67$0.3346%2.03$35.33$41.67
35/3642/42Sep 18$0.55$0.4556%1.22$35.45$42.05
34/3544/45Oct 2$0.39$0.6167%0.64$34.61$44.39
37/3840/40Sep 4$0.31$0.1944%1.63$37.19$39.81
35/3644/45Sep 25$0.40$0.6063%0.67$35.60$44.40
33/3444/45Oct 2$0.29$0.7173%0.41$33.71$44.29
35/3642/43Sep 25$0.44$0.5657%0.79$35.56$42.44
35/3644/45Oct 2$0.41$0.5960%0.69$35.59$44.41
34/3542/43Oct 2$0.42$0.5858%0.72$34.58$42.42
33/3442/43Oct 2$0.32$0.6865%0.47$33.68$42.32

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 50 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$39.00$39.50$40.00Sep 4$0.06$0.4420%7.33
$37.50$38.00$38.50Sep 11$0.08$0.4215%5.25
$41.00$41.50$42.00Sep 4$0.05$0.452%9.00
$44.50$45.00$45.50Sep 4$0.05$0.452%9.00
$40.50$41.00$41.50Sep 18$0.06$0.445%7.33
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$38.50$39.00$39.50Sep 4$0.05$0.4521%9.00
$36.00$37.00$38.00Oct 9$0.08$0.9214%11.50
$37.50$38.00$38.50Sep 4$0.08$0.4223%5.25
$33.00$34.00$35.00Sep 18$0.07$0.936%13.29
$33.00$34.00$35.00Oct 2$0.10$0.9011%9.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 76 found (best net $-1.19, 70 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$32.50$35.001:2Sep 18-$1.19$1.31
$37.00$39.001:2Oct 2-$0.04$1.96
$40.00$41.001:2Oct 2-$0.22$0.78
$42.00$43.001:2Sep 25-$0.07$0.93
$42.00$43.001:2Oct 2-$0.11$0.89
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$43.00$40.001:2Oct 9-$1.16$1.84
$42.00$40.001:2Oct 2-$0.81$1.19
$39.00$38.501:2Sep 11-$0.10$0.40
$38.00$37.001:2Sep 25-$0.28$0.72
$35.00$34.001:2Sep 18$0.00$1.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 27 found (best yield 4.13%, avg 1.21%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$39.00Oct 9$1.590.511.2%4.13%5.35%54
$40.00Oct 9$1.190.433.8%3.09%6.90%54
$39.00Oct 2$1.290.471.2%3.35%4.57%2328
$40.00Oct 2$0.890.383.8%2.31%6.13%1743
$39.00Sep 25$1.020.471.2%2.65%3.87%81
$41.00Sep 25$0.510.296.4%1.32%7.73%--44
$39.00Sep 18$1.000.431.2%2.60%3.82%103--
$40.00Sep 18$0.560.323.8%1.45%5.27%1.3K2.7K
$42.00Oct 2$0.200.239.0%0.52%9.53%413
$41.00Sep 18$0.380.236.4%0.99%7.40%805320

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 9,990
Total Puts 27,309
Put/Call Ratio 2.73
Net Difference -17,319

Prior's Put/Call Breakdown

Total Calls 5,906
Total Puts 3,983
Put/Call Ratio 0.67
Net Difference 1,923

Prior 7-Day Put/Call Summary

Total Calls 45,020
Total Puts 33,393
Average Put/Call Ratio 0.77
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
Loading data...

Chart Title

Price — Past 7 Days

Add Card

CI/CD Results
App Log
Loading...
Requests
New Request
View All