Tour v388
ALK
ALASKA AIR GROUP INC
$44.36 -2.42%
(7/21 18:00) ◀
|
Wednesday, July 22, 2026 (6:12pm)
January 2026
|
▶ (7/23 18:03)
◀ 7/22 18:12 ▶

Option Volume

Detail
ℹ
Current (07/22) 3,570
Calls: 2,122 (59%)
Puts: 1,448 (41%)
Prior (07/21) 5,480
Calls: 3,523 (64%)
Puts: 1,957 (36%)
Current vs Prior -34.85%
Calls: -39.77% (Calls)
Puts: -26.01% (Puts)
Prior 7-Day Total 49,161
Calls: 40,083 (82%)
Puts: 9,078 (18%)
Prior 7-Day Average 7,023
Calls: 5,726 (82%)
Puts: 1,296 (18%)
Current vs Prior 7-Day Avg -49.17%
Calls: -62.94%
Puts: +11.65%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22) $839.8K
Calls: $572.6K (68%)
Puts: $267.2K (32%)
Prior (07/21) $1.92M
Calls: $1.51M (79%)
Puts: $407.3K (21%)
Current vs Prior -56.21%
Calls: -62.09%
Puts: -34.41%
Prior 7-Day Total $7.50M
Calls: $5.05M (67%)
Puts: $2.45M (33%)
Prior 7-Day Average $1.07M
Calls: $720.9K (67%)
Puts: $349.9K (33%)
Current vs Prior 7-Day Avg -21.58%
Calls: -20.57%
Puts: -23.64%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22) 0.68
Prior (07/21) 0.56
Current vs Prior +22.84%
Prior 7-Day Average 1.06
Current vs Prior 7-Day Avg -35.68%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/22) 58,242
Calls: 45,648 (78%)
Puts: 12,594 (22%)
Prior (07/21) 90,371
Calls: 62,151 (69%)
Puts: 28,220 (31%)
Current vs Prior -35.55%
Prior 7-Day Total 859,954
Calls: 628,001 (73%)
Puts: 231,953 (27%)
Prior 7-Day Average 122,850
Calls: 89,714 (73%)
Puts: 33,136 (27%)
Current vs Prior 7-Day Avg -52.59%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)
Current 13.07% | 17.92%
Prior 14.69% | 18.81%
Current vs Prior -11.02% | -4.71%
Prior 7-Day Avg 9.21% | 17.48%
Current vs 7-Day Avg +41.91% | +2.55%
Prior 7-Day Eod 14.69% | 18.81%
Current vs 7-Day Eod -11.02% | -4.71%
Sentiment BULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.46% | 8.18%
Calls: 7.41% | 5.83%
Puts: 3.51% | 10.53%
Prior 5.46% | 8.18%
Calls: 7.41% | 5.83%
Puts: 3.51% | 10.53%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 6.74% | 7.61%
Calls: 7.19% | 7.02%
Puts: 6.29% | 8.19%
Current vs 7-Day Avg -18.94% | +7.51%
Liquidity Pricy
+
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🤖 AI Insights

Moderately bullish flow with 68% call dollar volume ($572.6K). Light premium activity with dollar volume down 56% vs prior. Bullish P/C ratio of 0.68. Call-heavy open interest (45,648 calls vs 12,594 puts) suggests bullish positioning.

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 BULLISH
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 5 of results (avg 6.9%, best 4.3%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 215.405.70$5.555.4%10.76--
$45.00Aug 212.552.75$2.657.5%1770.5045
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Aug 214.604.80$4.704.3%80.6465
$42.50Aug 211.902.05$1.987.6%2150.36630
$45.00Aug 213.003.30$3.159.5%1460.502.6K

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. 7 found (avg delta 0.72, highest 0.92)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 218.209.90$9.0518.8%160.9245
$40.00Aug 215.405.70$5.555.4%10.76--
$42.50Aug 213.704.10$3.9010.3%550.6422
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Aug 2110.6012.40$11.5015.7%10.8838
$50.00Aug 216.407.20$6.8011.8%150.74143
$47.50Aug 214.604.80$4.704.3%80.6465
$45.00Aug 213.003.30$3.159.5%1460.502.6K

Most actively traded options today. High liquidity = easy entry/exit. 18 active (total vol 2.1K, top 453)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Aug 211.451.75$1.6018.8%4530.36520
$50.00Aug 210.951.10$1.0214.7%2420.26540
$45.00Aug 212.552.75$2.657.5%1770.5045
$52.50Aug 210.500.65$0.5726.3%1070.17817
$42.50Aug 213.704.10$3.9010.3%550.6422
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 211.051.20$1.1313.3%2170.241.0K
$42.50Aug 211.902.05$1.987.6%2150.36630
$37.50Aug 210.500.65$0.5726.3%1570.14339
$45.00Aug 213.003.30$3.159.5%1460.502.6K
$35.00Aug 210.250.35$0.3033.3%1210.08253

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 15.67, avg 5.15)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$55.00$57.50Aug 21$0.15$2.35$0.1515.67$55.15
$52.50$55.00Aug 21$0.24$2.26$0.249.42$52.74
$50.00$52.50Aug 21$0.45$2.05$0.454.56$50.45
$47.50$50.00Aug 21$0.58$1.92$0.583.31$48.08
$45.00$47.50Aug 21$1.05$1.45$1.051.38$46.05
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$35.00$32.50Aug 21$0.15$2.35$0.1515.67$34.85
$37.50$35.00Aug 21$0.27$2.23$0.278.26$37.23
$40.00$37.50Aug 21$0.56$1.94$0.563.46$39.44
$42.50$40.00Aug 21$0.85$1.65$0.851.94$41.65
$45.00$42.50Aug 21$1.17$1.33$1.171.14$43.83

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 16 found (best R:R 15.67, avg 1.94)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$35.00$40.00Aug 21$3.50$3.50$1.502.33$38.50
$40.00$42.50Aug 21$1.65$1.65$0.851.94$41.65
$42.50$45.00Aug 21$1.25$1.25$1.251.00$43.75
$45.00$47.50Aug 21$1.05$1.05$1.450.72$46.05
$47.50$50.00Aug 21$0.58$0.58$1.920.30$48.08
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$55.00$50.00Aug 21$4.70$4.70$0.3015.67$50.30
$50.00$47.50Aug 21$2.10$2.10$0.405.25$47.90
$47.50$45.00Aug 21$1.55$1.55$0.951.63$45.95
$45.00$42.50Aug 21$1.17$1.17$1.330.88$43.83
$42.50$40.00Aug 21$0.85$0.85$1.650.52$41.65

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. 7 found (cheapest 13.07% of stock, avg 17.28%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$45.00Aug 21$2.65$3.15$5.80$39.20$50.8013.07%
$42.50Aug 21$3.90$1.98$5.88$36.62$48.3813.26%
$47.50Aug 21$1.60$4.70$6.30$41.20$53.8014.20%
$40.00Aug 21$5.55$1.13$6.68$33.32$46.6815.06%
$50.00Aug 21$1.02$6.80$7.82$42.18$57.8217.63%
$35.00Aug 21$9.05$0.30$9.35$25.65$44.3521.08%
$55.00Aug 21$0.33$11.50$11.83$43.17$66.8326.67%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 20 found (cheapest 1.42% of stock, avg 5.02%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$55.00$35.00Aug 21$0.33$0.30$0.63$34.37$55.63
$52.50$35.00Aug 21$0.57$0.30$0.87$34.13$53.37
$55.00$37.50Aug 21$0.33$0.57$0.90$36.60$55.90
$52.50$37.50Aug 21$0.57$0.57$1.14$36.36$53.64
$50.00$35.00Aug 21$1.02$0.30$1.32$33.68$51.32
$55.00$40.00Aug 21$0.33$1.13$1.46$38.54$56.46
$50.00$37.50Aug 21$1.02$0.57$1.59$35.91$51.59
$52.50$40.00Aug 21$0.57$1.13$1.70$38.30$54.20
$47.50$35.00Aug 21$1.60$0.30$1.90$33.10$49.40
$50.00$40.00Aug 21$1.02$1.13$2.15$37.85$52.15

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 34 found (best R:R 14.62, avg credit $1.28)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
48/5052/55Aug 21$2.34$0.1614.62$47.66$54.84
48/5055/58Aug 21$2.25$0.259.00$47.75$57.25
45/4850/52Aug 21$2.00$0.504.00$45.50$52.00
35/3840/42Aug 21$1.92$0.583.31$35.58$41.92
40/4245/48Aug 21$1.90$0.603.17$40.60$46.90
38/4042/45Aug 21$1.81$0.692.62$38.19$44.31
32/3540/42Aug 21$1.80$0.702.57$33.20$41.80
45/4852/55Aug 21$1.79$0.712.52$45.71$54.29
42/4548/50Aug 21$1.75$0.752.33$43.25$49.25
45/4855/58Aug 21$1.70$0.802.13$45.80$56.70

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 12 found (best R:R 26.78, cheapest $0.09)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$52.50$55.00$57.50Aug 21$0.09$2.4126.78
$47.50$50.00$52.50Aug 21$0.13$2.3718.23
$42.50$45.00$47.50Aug 21$0.20$2.3011.50
$50.00$52.50$55.00Aug 21$0.21$2.2910.90
$40.00$42.50$45.00Aug 21$0.40$2.105.25
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$32.50$35.00$37.50Aug 21$0.12$2.3819.83
$35.00$37.50$40.00Aug 21$0.29$2.217.62
$37.50$40.00$42.50Aug 21$0.29$2.217.62
$40.00$42.50$45.00Aug 21$0.32$2.186.81
$42.50$45.00$47.50Aug 21$0.38$2.125.58

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 15 found (best net $-2.05, 15 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$35.00$40.001:2Aug 21-$2.05$2.95
$55.00$57.501:2Aug 21-$0.03$2.47
$52.50$55.001:2Aug 21-$0.09$2.41
$50.00$52.501:2Aug 21-$0.12$2.38
$47.50$50.001:2Aug 21-$0.44$2.06
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$55.00$50.001:2Aug 21-$2.10$2.90
$35.00$32.501:2Aug 21$0.00$2.50
$40.00$37.501:2Aug 21-$0.01$2.49
$37.50$35.001:2Aug 21-$0.03$2.47
$42.50$40.001:2Aug 21-$0.28$2.22

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 6 found (best yield 5.75%, avg 2.18%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$45.00Aug 21$2.550.501.4%5.75%7.19%17745
$47.50Aug 21$1.450.367.1%3.27%10.35%453520
$50.00Aug 21$0.950.2612.7%2.14%14.86%242540
$52.50Aug 21$0.500.1718.4%1.13%19.48%107817
$55.00Aug 21$0.250.1024.0%0.56%24.55%371.3K
$57.50Aug 21$0.100.0629.6%0.23%29.85%42253

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 2,122
Total Puts 1,448
Put/Call Ratio 0.68
Net Difference 674

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 40,083
Total Puts 9,078
Average Put/Call Ratio 1.06
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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