Tour v526
LUV
SOUTHWEST AIRLS CO
$37.68 -2.21%
$38.00 (+0.85%)🌙
as of 09/01 06:03 PM
(8/31 18:03) ◀
|
Tuesday, September 1, 2026 (6:03pm)
January 2026
|
▶
◀ 9/1 18:03

Option Volume

Detail
ℹ
Current (09/01) 10,232
Calls: 4,681 (46%)
Puts: 5,551 (54%)
Prior (08/31) 37,299
Calls: 9,990 (27%)
Puts: 27,309 (73%)
Current vs Prior -72.57%
Calls: -53.14% (Calls)
Puts: -79.67% (Puts)
Prior 7-Day Total 100,271
Calls: 42,964 (43%)
Puts: 57,307 (57%)
Prior 7-Day Average 14,324
Calls: 6,137 (43%)
Puts: 8,186 (57%)
Current vs Prior 7-Day Avg -28.57%
Calls: -23.73%
Puts: -32.20%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (09/01) $2.09M
Calls: $526.1K (25%)
Puts: $1.56M (75%)
Prior (08/31) $22.47M
Calls: $873.2K (4%)
Puts: $21.60M (96%)
Current vs Prior -90.71%
Calls: -39.75%
Puts: -92.77%
Prior 7-Day Total $35.81M
Calls: $5.92M (17%)
Puts: $29.89M (83%)
Prior 7-Day Average $5.12M
Calls: $845.7K (17%)
Puts: $4.27M (83%)
Current vs Prior 7-Day Avg -59.19%
Calls: -37.80%
Puts: -63.43%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (09/01) 1.19
Prior (08/31) 2.73
Current vs Prior -56.62%
Prior 7-Day Average 1.12
Current vs Prior 7-Day Avg +5.43%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (09/01) 248,831
Calls: 144,004 (58%)
Puts: 104,827 (42%)
Prior (08/31) 241,735
Calls: 140,184 (58%)
Puts: 101,551 (42%)
Current vs Prior +2.94%
Prior 7-Day Total 1,683,490
Calls: 975,043 (58%)
Puts: 708,447 (42%)
Prior 7-Day Average 240,498
Calls: 139,291 (58%)
Puts: 101,206 (42%)
Current vs Prior 7-Day Avg +3.46%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 3.72% | 5.47%6.82% | 10.75%
Prior 3.71% | 5.55%7.37% | 11.21%
Current vs Prior +0.11% | -1.57%-7.47% | -4.13%
Prior 7-Day Avg 3.78% | 5.43%6.43% | 10.60%
Current vs 7-Day Avg -1.71% | +0.62%+6.15% | +1.35%
Prior 7-Day Eod 3.71% | 5.55%7.37% | 11.21%
Current vs 7-Day Eod +0.11% | -1.57%-7.47% | -4.13%
Sentiment BEARISHBULLISH

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 75% put dollar volume ($1.56M). Light premium activity with dollar volume down 91% vs prior. Below-average activity with volume down 73% vs prior. Slightly bearish P/C ratio of 1.19.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
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 5 of results (avg 7.7%, best 6.0%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$31.00Sep 46.506.90$6.706.0%31.001
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.50Sep 181.671.80$1.747.5%140.616
$40.00Sep 182.732.95$2.847.7%660.825.0K
$44.00Sep 46.256.80$6.538.4%70.9858
$35.00Oct 160.870.95$0.918.8%3010.28134

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.95, cheapest $0.98)

CALLS (0)
No calls meet the criteria
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.00Sep 180.901.05$0.9815.3%200.44122
$35.00Oct 160.870.95$0.918.8%3010.28134

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 69 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$31.00Sep 46.506.90$6.706.0%31.001
$32.00Sep 43.707.40$5.5566.7%41.001
$31.00Sep 116.557.90$7.2318.7%11.001
$32.50Sep 185.006.05$5.5319.0%10.97233
$35.00Sep 182.743.15$2.9513.9%510.90571
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.00Sep 43.705.80$4.7544.2%30.9940
$42.50Sep 44.205.45$4.8325.9%180.99107
$44.00Sep 46.256.80$6.538.4%70.9858
$43.00Sep 45.207.35$6.2834.2%340.9780
$41.00Sep 42.503.75$3.1339.9%20.97420

Most actively traded options today. High liquidity = easy entry/exit. 146 active (total vol 7.1K, top 802)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Oct 160.811.18$1.0037.0%3790.33646
$45.00Oct 160.100.48$0.29131.0%2870.12242
$38.50Sep 110.230.71$0.47102.1%1640.3421
$40.00Sep 40.020.10$0.06133.3%1510.08311
$40.00Sep 180.000.49$0.25196.0%1360.173.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Sep 252.333.70$3.0245.4%8020.7272
$40.50Sep 42.523.30$2.9126.8%8000.89836
$35.50Sep 40.030.07$0.0580.0%5520.0711
$40.00Oct 163.253.60$3.4310.2%4190.672.1K
$35.00Oct 160.870.95$0.918.8%3010.28134

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 63.0%, max 438.8%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$37.50Sep 4Oct 1640.6%37.0%9.8%4224
$39.00Sep 4Oct 239.0%38.0%2.4%134141
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$34.00Sep 4Oct 2193.2%35.9%438.8%210
$36.50Sep 4Sep 1145.0%36.6%22.9%89115
$38.00Sep 4Oct 948.6%41.7%16.3%8198
$37.50Sep 4Oct 1640.6%37.0%9.8%272505
$39.00Sep 4Oct 239.0%38.0%2.4%22224

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 69 found (best R:R 2.85, avg 2.44)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$35.00$37.50Oct 16$1.49$1.01$1.4973%0.68$36.49
$37.00$38.00Sep 25$0.42$0.58$0.4259%1.38$37.42
$37.50$38.00Sep 4$0.13$0.37$0.1355%2.85$37.63
$42.50$45.00Oct 16$0.21$2.29$0.2119%10.90$42.71
$37.00$38.00Oct 2$0.44$0.56$0.4458%1.27$37.44
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$42.00$41.50Sep 18$0.13$0.37$0.1388%2.85$41.87
$44.50$44.00Sep 4$0.22$0.28$0.2293%1.27$44.28
$41.00$40.50Sep 4$0.22$0.28$0.2297%1.27$40.78
$41.50$41.00Sep 18$0.20$0.30$0.2087%1.50$41.30
$38.00$37.00Oct 9$0.25$0.75$0.2550%3.00$37.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 47 found (best R:R 1.08, avg 0.63)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$38.00$38.50Sep 4$0.35$0.35$0.1558%2.33$38.35
$44.00$45.00Sep 25$0.24$0.24$0.7685%0.32$44.24
$39.50$40.00Sep 18$0.25$0.25$0.2573%1.00$39.75
$43.00$43.50Sep 18$0.17$0.17$0.3387%0.52$43.17
$38.50$39.00Sep 18$0.28$0.28$0.2261%1.27$38.78
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$33.00$31.00Sep 4$1.04$1.04$0.9678%1.08$31.96
$37.00$36.00Oct 9$0.66$0.66$0.3458%1.94$36.34
$37.00$36.00Oct 2$0.56$0.56$0.4458%1.27$36.44
$37.50$37.00Sep 11$0.40$0.40$0.1051%4.00$37.10
$37.50$35.00Oct 16$1.05$1.05$1.4552%0.72$36.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $0.26, cheapest $0.10)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$38.00Sep 4Sep 11$0.2248.6%38.0%
$37.50Sep 4Sep 11$0.2440.6%33.7%
$37.00Sep 25Oct 2$0.2035.6%41.2%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$37.00Sep 4Sep 11$0.1044.7%26.9%
$38.00Sep 4Sep 11$0.4248.6%38.0%
$37.50Sep 4Sep 11$0.3540.6%33.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 37 found (cheapest 2.95% of stock, avg 7.73%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$37.50Sep 4$0.62$0.49$1.11$36.39$38.612.95%
$38.00Sep 4$0.49$0.78$1.27$36.73$39.273.37%
$38.50Sep 4$0.14$1.36$1.50$37.00$40.003.98%
$37.50Sep 11$0.86$0.84$1.70$35.80$39.204.51%
$39.00Sep 4$0.11$1.61$1.72$37.28$40.724.56%
$38.00Sep 11$0.71$1.20$1.91$36.09$39.915.07%
$38.50Sep 11$0.47$1.46$1.93$36.57$40.435.12%
$39.00Sep 11$0.32$1.67$1.99$37.01$40.995.28%
$39.50Sep 4$0.08$2.02$2.10$37.40$41.605.57%
$37.50Sep 18$1.07$1.20$2.27$35.23$39.776.02%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 134 found (cheapest 0.74% of stock, avg 3.12%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$39.50$36.50Sep 4$0.08$0.20$0.28$36.22$39.78
$39.00$36.50Sep 4$0.11$0.20$0.31$36.19$39.31
$38.50$36.50Sep 4$0.14$0.20$0.34$36.16$38.84
$40.50$36.50Sep 4$0.12$0.20$0.32$36.18$40.82
$39.50$35.50Sep 11$0.17$0.23$0.40$35.10$39.90
$39.50$37.00Sep 4$0.08$0.34$0.42$36.58$39.92
$38.50$37.00Sep 4$0.14$0.34$0.48$36.52$38.98
$39.00$37.00Sep 4$0.11$0.34$0.45$36.55$39.45
$39.50$36.00Sep 11$0.17$0.34$0.51$35.49$40.01
$40.50$33.00Sep 18$0.32$0.20$0.52$32.48$41.02

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 34 found (best R:R 3.17, avg credit $0.39)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
32/3240/40Sep 18$0.38$0.1264%3.17$32.12$39.88
32/3243/44Sep 18$0.30$0.2078%1.50$32.20$43.30
32/3240/41Sep 18$0.26$0.2473%1.08$32.24$40.76
32/3344/45Sep 25$0.37$0.6374%0.59$32.63$44.37
35/3640/41Oct 2$0.71$0.2937%2.45$35.29$40.71
35/3644/44Sep 11$0.22$0.2870%0.79$35.28$43.72
35/3644/45Sep 25$0.51$0.4955%1.04$35.49$44.51
36/3644/44Sep 11$0.27$0.2356%1.17$36.23$43.77
36/3644/44Sep 11$0.23$0.2764%0.85$35.77$43.73
32/3239/40Sep 18$0.25$0.2559%1.00$32.25$39.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 53 found (best R:R 5.25, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$35.00$37.50$40.00Oct 16$0.40$2.1040%5.25
$32.50$35.00$37.50Sep 18$0.70$1.8047%2.57
$40.00$42.50$45.00Oct 16$0.29$2.2121%7.62
$32.50$35.00$37.50Oct 16$0.53$1.9735%3.72
$38.00$39.00$40.00Oct 2$0.10$0.9018%9.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$35.00$37.50$40.00Oct 16$0.42$2.0839%4.95
$35.00$36.00$37.00Sep 18$0.12$0.8826%7.33
$37.00$38.00$39.00Sep 25$0.13$0.8722%6.69
$37.50$40.00$42.50Oct 16$0.50$2.0033%4.00
$35.00$36.00$37.00Sep 25$0.13$0.8721%6.69

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 89 found (best net $-0.37, 73 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$32.50$35.001:2Sep 18-$0.37$2.13
$35.00$37.501:2Oct 16-$0.60$1.90
$32.50$35.001:2Oct 16-$1.56$0.94
$40.00$42.501:2Oct 16$0.00$2.50
$42.50$45.001:2Oct 16-$0.08$2.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$43.00$40.001:2Oct 2-$0.46$2.54
$40.00$37.501:2Oct 16-$0.49$2.01
$42.50$40.001:2Oct 16-$1.46$1.04
$37.00$36.001:2Sep 18-$0.16$0.84
$40.00$39.001:2Sep 11-$0.69$0.31

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 24 found (best yield 2.15%, avg 1.39%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$40.00Oct 16$0.810.336.2%2.15%8.31%379646
$38.00Oct 9$1.410.510.8%3.74%4.59%2--
$39.00Oct 2$0.930.393.5%2.47%5.97%--51
$38.00Oct 2$1.250.480.8%3.32%4.17%1--
$42.50Oct 16$0.400.1912.8%1.06%13.85%1082.2K
$38.00Sep 25$1.130.470.8%3.00%3.85%138
$40.00Oct 2$0.480.306.2%1.27%7.43%4550
$38.50Sep 18$0.800.392.2%2.12%4.30%30508
$38.00Sep 18$0.970.450.8%2.57%3.42%843
$39.00Sep 25$0.630.363.5%1.67%5.18%37

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 4,681
Total Puts 5,551
Put/Call Ratio 1.19
Net Difference -870

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 42,964
Total Puts 57,307
Average Put/Call Ratio 1.12
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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