Tour v381
ALK
ALASKA AIR GROUP INC
$45.46 -1.26%
$44.79 (-1.47%)🌙
as of 07/21 06:00 PM
7/21 18:00

Option Volume

Detail
Current (07/21) 5,480
Calls: 3,523 (64%)
Puts: 1,957 (36%)
Prior (07/20) 5,349
Calls: 1,944 (36%)
Puts: 3,405 (64%)
Current vs Prior +2.45%
Calls: +81.22% (Calls)
Puts: -42.53% (Puts)
Prior 7-Day Total 57,587
Calls: 49,462 (86%)
Puts: 8,125 (14%)
Prior 7-Day Average 8,226
Calls: 7,066 (86%)
Puts: 1,160 (14%)
Current vs Prior 7-Day Avg -33.39%
Calls: -50.14%
Puts: +68.60%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/21) $1.92M
Calls: $1.51M (79%)
Puts: $407.3K (21%)
Prior (07/20) $1.32M
Calls: $474.6K (36%)
Puts: $844.0K (64%)
Current vs Prior +45.45%
Calls: +218.27%
Puts: -51.74%
Prior 7-Day Total $6.40M
Calls: $4.13M (65%)
Puts: $2.27M (35%)
Prior 7-Day Average $914.4K
Calls: $590.6K (65%)
Puts: $323.8K (35%)
Current vs Prior 7-Day Avg +109.75%
Calls: +155.77%
Puts: +25.80%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/21) 0.56
Prior (07/20) 1.75
Current vs Prior -68.29%
Prior 7-Day Average 0.99
Current vs Prior 7-Day Avg -44.04%
Sentiment BULLISH

Open Interest

Detail
Current (07/21) 90,371
Calls: 62,151 (69%)
Puts: 28,220 (31%)
Prior (07/20) 86,380
Calls: 61,269 (71%)
Puts: 25,111 (29%)
Current vs Prior +4.62%
Prior 7-Day Total 922,920
Calls: 684,160 (74%)
Puts: 238,760 (26%)
Prior 7-Day Average 131,845
Calls: 97,737 (74%)
Puts: 34,108 (26%)
Current vs Prior 7-Day Avg -31.46%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 14.69% | 18.81%
Prior 15.31% | 19.77%
Current vs Prior -4.04% | -4.85%
Prior 7-Day Avg 8.21% | 17.27%
Current vs 7-Day Avg +79.05% | +8.88%
Prior 7-Day Eod 15.31% | 19.77%
Current vs 7-Day Eod -4.04% | -4.85%
Sentiment BULLISH

Relative Spread

Detail
Expiry | Next
Current 5.46% | 8.18%
Calls: 7.41% | 5.83%
Puts: 3.51% | 10.53%
Prior 11.34% | 7.18%
Calls: 15.10% | 12.35%
Puts: 7.59% | 2.02%
Current vs Prior -51.85% | +13.93%
Prior 7-Day Avg 6.82% | 7.52%
Calls: 6.92% | 7.07%
Puts: 6.72% | 7.97%
Current vs 7-Day Avg -19.97% | +8.74%
Liquidity Pricy
+
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🤖 AI Insights

Strong bullish conviction with 79% of dollar volume in calls ($1.51M) vs puts ($407.3K). Dollar volume significantly above 7-day average (110% higher). Bullish P/C ratio of 0.56. P/C ratio dropping 68% - 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 BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
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 7 of results (avg 6.8%, best 4.4%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 211.651.75$1.705.9%1350.34479
$47.50Aug 212.402.60$2.508.0%1320.45422
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 211.101.15$1.134.4%4840.21678
$55.00Aug 219.7010.30$10.006.0%10.8337
$47.50Aug 214.204.50$4.356.9%90.5663
$50.00Aug 215.806.30$6.058.3%260.66134
$45.00Aug 212.853.10$2.988.4%3500.442.5K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.60, cheapest $0.60)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.50Aug 210.550.65$0.6016.7%1840.13196

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 11 found (avg delta 0.77, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$32.50Aug 2112.8014.40$13.6011.8%100.976
$35.00Aug 2110.5011.90$11.2012.5%250.9345
$37.50Aug 218.409.80$9.1015.4%100.8718
$40.00Aug 216.407.10$6.7510.4%170.7926
$42.50Aug 214.805.50$5.1513.6%--0.6822
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$57.50Aug 2111.1012.80$11.9514.2%--0.8819
$55.00Aug 219.7010.30$10.006.0%10.8337
$52.50Aug 217.708.80$8.2513.3%--0.7646
$50.00Aug 215.806.30$6.058.3%260.66134
$47.50Aug 214.204.50$4.356.9%90.5663

Most actively traded options today. High liquidity = easy entry/exit. 19 active (total vol 2.0K, top 484)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 211.651.75$1.705.9%1350.34479
$47.50Aug 212.402.60$2.508.0%1320.45422
$52.50Aug 211.001.20$1.1018.2%930.25767
$57.50Aug 210.350.50$0.4334.9%700.12221
$45.00Aug 213.503.90$3.7010.8%520.5717
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 211.101.15$1.134.4%4840.21678
$45.00Aug 212.853.10$2.988.4%3500.442.5K
$37.50Aug 210.550.65$0.6016.7%1840.13196
$35.00Aug 210.250.35$0.3033.3%1700.07114
$42.50Aug 211.802.10$1.9515.4%1380.32574

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

No setups found for this strategy

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 13 found (best R:R 13.71, avg 3.90)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$55.00$57.50Aug 21$0.25$2.25$0.259.00$55.25
$52.50$55.00Aug 21$0.42$2.08$0.424.95$52.92
$50.00$52.50Aug 21$0.60$1.90$0.603.17$50.60
$47.50$50.00Aug 21$0.80$1.70$0.802.12$48.30
$45.00$47.50Aug 21$1.20$1.30$1.201.08$46.20
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$35.00$32.50Aug 21$0.17$2.33$0.1713.71$34.83
$37.50$35.00Aug 21$0.30$2.20$0.307.33$37.20
$40.00$37.50Aug 21$0.53$1.97$0.533.72$39.47
$42.50$40.00Aug 21$0.82$1.68$0.822.05$41.68
$45.00$42.50Aug 21$1.03$1.47$1.031.43$43.97

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 19 found (best R:R 15.67, avg 2.33)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$37.50$40.00Aug 21$2.35$2.35$0.1515.67$39.85
$35.00$37.50Aug 21$2.10$2.10$0.405.25$37.10
$40.00$42.50Aug 21$1.60$1.60$0.901.78$41.60
$42.50$45.00Aug 21$1.45$1.45$1.051.38$43.95
$45.00$47.50Aug 21$1.20$1.20$1.300.92$46.20
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.50$50.00Aug 21$2.20$2.20$0.307.33$50.30
$57.50$55.00Aug 21$1.95$1.95$0.553.55$55.55
$55.00$52.50Aug 21$1.75$1.75$0.752.33$53.25
$50.00$47.50Aug 21$1.70$1.70$0.802.13$48.30
$47.50$45.00Aug 21$1.37$1.37$1.131.21$46.13

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 14.69% of stock, avg 20.72%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$45.00Aug 21$3.70$2.98$6.68$38.32$51.6814.69%
$47.50Aug 21$2.50$4.35$6.85$40.65$54.3515.07%
$42.50Aug 21$5.15$1.95$7.10$35.40$49.6015.62%
$50.00Aug 21$1.70$6.05$7.75$42.25$57.7517.05%
$40.00Aug 21$6.75$1.13$7.88$32.12$47.8817.33%
$52.50Aug 21$1.10$8.25$9.35$43.15$61.8520.57%
$37.50Aug 21$9.10$0.60$9.70$27.80$47.2021.34%
$55.00Aug 21$0.68$10.00$10.68$44.32$65.6823.49%
$35.00Aug 21$11.20$0.30$11.50$23.50$46.5025.30%
$57.50Aug 21$0.43$11.95$12.38$45.12$69.8827.23%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 25 found (cheapest 1.61% of stock, avg 5.88%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$57.50$35.00Aug 21$0.43$0.30$0.73$34.27$58.23
$55.00$35.00Aug 21$0.68$0.30$0.98$34.02$55.98
$57.50$37.50Aug 21$0.43$0.60$1.03$36.47$58.53
$55.00$37.50Aug 21$0.68$0.60$1.28$36.22$56.28
$52.50$35.00Aug 21$1.10$0.30$1.40$33.60$53.90
$57.50$40.00Aug 21$0.43$1.13$1.56$38.44$59.06
$52.50$37.50Aug 21$1.10$0.60$1.70$35.80$54.20
$55.00$40.00Aug 21$0.68$1.13$1.81$38.19$56.81
$50.00$35.00Aug 21$1.70$0.30$2.00$33.00$52.00
$52.50$40.00Aug 21$1.10$1.13$2.23$37.77$54.73

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 34 found (best R:R 5.58, avg credit $1.38)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
48/5052/55Aug 21$2.12$0.385.58$47.88$54.62
40/4245/48Aug 21$2.02$0.484.21$40.48$47.02
38/4042/45Aug 21$1.98$0.523.81$38.02$44.48
45/4850/52Aug 21$1.97$0.533.72$45.53$51.97
48/5055/58Aug 21$1.95$0.553.55$48.05$56.95
35/3840/42Aug 21$1.90$0.603.17$35.60$41.90
42/4548/50Aug 21$1.83$0.672.73$43.17$49.33
45/4852/55Aug 21$1.79$0.712.52$45.71$54.29
32/3540/42Aug 21$1.77$0.732.42$33.23$41.77
35/3842/45Aug 21$1.75$0.752.33$35.75$44.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 16 found (best R:R 18.23, cheapest $0.13)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$40.00$42.50$45.00Aug 21$0.15$2.3515.67
$52.50$55.00$57.50Aug 21$0.17$2.3313.71
$50.00$52.50$55.00Aug 21$0.18$2.3212.89
$47.50$50.00$52.50Aug 21$0.20$2.3011.50
$42.50$45.00$47.50Aug 21$0.25$2.259.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$32.50$35.00$37.50Aug 21$0.13$2.3718.23
$52.50$55.00$57.50Aug 21$0.20$2.3011.50
$40.00$42.50$45.00Aug 21$0.21$2.2910.90
$35.00$37.50$40.00Aug 21$0.23$2.279.87
$37.50$40.00$42.50Aug 21$0.29$2.217.62

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 12 found (best net $--, 11 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$55.00$57.501:2Aug 21-$0.18$2.32
$52.50$55.001:2Aug 21-$0.26$2.24
$50.00$52.501:2Aug 21-$0.50$2.00
$47.50$50.001:2Aug 21-$0.90$1.60
$45.00$47.501:2Aug 21-$1.30$1.20
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$37.50$35.001:2Aug 21$0.00$2.50
$40.00$37.501:2Aug 21-$0.07$2.43
$42.50$40.001:2Aug 21-$0.31$2.19
$45.00$42.501:2Aug 21-$0.92$1.58
$47.50$45.001:2Aug 21-$1.61$0.89

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 5 found (best yield 5.28%, avg 2.64%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$47.50Aug 21$2.400.454.5%5.28%9.77%132422
$50.00Aug 21$1.650.3410.0%3.63%13.62%135479
$52.50Aug 21$1.000.2515.5%2.20%17.69%93767
$55.00Aug 21$0.600.1721.0%1.32%22.31%491.2K
$57.50Aug 21$0.350.1226.5%0.77%27.25%70221

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 3,523
Total Puts 1,957
Put/Call Ratio 0.56
Net Difference 1,566

Prior's Put/Call Breakdown

Total Calls 1,944
Total Puts 3,405
Put/Call Ratio 1.75
Net Difference -1,461

Prior 7-Day Put/Call Summary

Total Calls 49,462
Total Puts 8,125
Average Put/Call Ratio 0.99
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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