Tour v394
ALK
ALASKA AIR GROUP INC
$44.75 +0.88%
$44.51 (-0.54%)🌙
as of 07/23 06:03 PM
(7/22 18:12) ◀
|
Thursday, July 23, 2026 (6:03pm)
January 2026
|
▶ (7/25 00:24)
◀ 7/23 18:03 ▶

Option Volume

Detail
ℹ
Current (07/23) 1,954
Calls: 998 (51%)
Puts: 956 (49%)
Prior (07/22) 3,570
Calls: 2,122 (59%)
Puts: 1,448 (41%)
Current vs Prior -45.27%
Calls: -52.97% (Calls)
Puts: -33.98% (Puts)
Prior 7-Day Total 18,895
Calls: 9,606 (51%)
Puts: 9,289 (49%)
Prior 7-Day Average 2,699
Calls: 1,372 (51%)
Puts: 1,327 (49%)
Current vs Prior 7-Day Avg -27.61%
Calls: -27.27%
Puts: -27.96%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/23) $539.7K
Calls: $269.9K (50%)
Puts: $269.8K (50%)
Prior (07/22) $839.8K
Calls: $572.6K (68%)
Puts: $267.2K (32%)
Current vs Prior -35.73%
Calls: -52.86%
Puts: +0.97%
Prior 7-Day Total $5.48M
Calls: $3.33M (61%)
Puts: $2.15M (39%)
Prior 7-Day Average $782.3K
Calls: $475.3K (61%)
Puts: $307.0K (39%)
Current vs Prior 7-Day Avg -31.01%
Calls: -43.21%
Puts: -12.12%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 0.96
Prior (07/22) 0.68
Current vs Prior +40.38%
Prior 7-Day Average 1.15
Current vs Prior 7-Day Avg -16.93%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (07/23) 95,045
Calls: 65,079 (68%)
Puts: 29,966 (32%)
Prior (07/22) 58,242
Calls: 45,648 (78%)
Puts: 12,594 (22%)
Current vs Prior +63.19%
Prior 7-Day Total 771,754
Calls: 562,448 (73%)
Puts: 209,306 (27%)
Prior 7-Day Average 110,250
Calls: 80,349 (73%)
Puts: 29,900 (27%)
Current vs Prior 7-Day Avg -13.79%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)
Current 12.92% | 18.10%
Prior 13.07% | 17.92%
Current vs Prior -1.21% | +1.00%
Prior 7-Day Avg 10.22% | 17.65%
Current vs 7-Day Avg +26.41% | +2.53%
Prior 7-Day Eod 13.07% | 17.92%
Current vs 7-Day Eod -1.21% | +1.00%
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 6.65% | 7.69%
Calls: 7.45% | 6.97%
Puts: 5.85% | 8.42%
Current vs 7-Day Avg -17.88% | +6.31%
Liquidity Pricy
+
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🤖 AI Insights

Below-average activity with volume down 45% vs prior. P/C ratio rising 40% - increased hedging/bearish positioning. Call-heavy open interest (65,079 calls vs 29,966 puts) suggests bullish positioning. Rising open interest (up 63%) indicates new positions being established.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 6.3%, best 4.5%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 215.706.10$5.906.8%20.7839
$45.00Aug 212.752.95$2.857.0%960.52157
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Aug 214.304.50$4.404.5%--0.6265
$45.00Aug 212.853.00$2.935.1%280.482.5K
$42.50Aug 211.751.90$1.838.2%1130.34759

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. 11 found (avg delta 0.79, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$32.50Aug 2110.9012.70$11.8015.3%--0.9716
$35.00Aug 219.2010.30$9.7511.3%--0.9344
$37.50Aug 217.008.10$7.5514.6%--0.8828
$40.00Aug 215.706.10$5.906.8%20.7839
$42.50Aug 213.904.40$4.1512.0%420.6663
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$57.50Aug 2112.7014.40$13.5512.5%--0.9119
$55.00Aug 2110.2011.80$11.0014.5%10.8837
$52.50Aug 218.109.40$8.7514.9%--0.8246
$50.00Aug 216.007.10$6.5516.8%40.73131
$47.50Aug 214.304.50$4.404.5%--0.6265

Most actively traded options today. High liquidity = easy entry/exit. 16 active (total vol 932, top 191)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Aug 211.551.90$1.7320.2%1910.38701
$50.00Aug 210.901.20$1.0528.6%1480.27565
$45.00Aug 212.752.95$2.857.0%960.52157
$52.50Aug 210.500.70$0.6033.3%880.17841
$42.50Aug 213.904.40$4.1512.0%420.6663
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Aug 211.751.90$1.838.2%1130.34759
$40.00Aug 210.951.05$1.0010.0%860.221.1K
$37.50Aug 210.400.55$0.4831.3%750.12430
$35.00Aug 210.200.35$0.2853.6%410.07366
$45.00Aug 212.853.00$2.935.1%280.482.5K

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 18.23, avg 5.28)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$55.00$57.50Aug 21$0.13$2.37$0.1318.23$55.13
$52.50$55.00Aug 21$0.27$2.23$0.278.26$52.77
$50.00$52.50Aug 21$0.45$2.05$0.454.56$50.45
$47.50$50.00Aug 21$0.68$1.82$0.682.68$48.18
$45.00$47.50Aug 21$1.12$1.38$1.121.23$46.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$35.00$32.50Aug 21$0.18$2.32$0.1812.89$34.82
$37.50$35.00Aug 21$0.20$2.30$0.2011.50$37.30
$40.00$37.50Aug 21$0.52$1.98$0.523.81$39.48
$42.50$40.00Aug 21$0.83$1.67$0.832.01$41.67
$45.00$42.50Aug 21$1.10$1.40$1.101.27$43.90

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 19 found (best R:R 9.00, avg 2.34)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$35.00$37.50Aug 21$2.20$2.20$0.307.33$37.20
$32.50$35.00Aug 21$2.05$2.05$0.454.56$34.55
$40.00$42.50Aug 21$1.75$1.75$0.752.33$41.75
$37.50$40.00Aug 21$1.65$1.65$0.851.94$39.15
$42.50$45.00Aug 21$1.30$1.30$1.201.08$43.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$55.00$52.50Aug 21$2.25$2.25$0.259.00$52.75
$52.50$50.00Aug 21$2.20$2.20$0.307.33$50.30
$50.00$47.50Aug 21$2.15$2.15$0.356.14$47.85
$47.50$45.00Aug 21$1.47$1.47$1.031.43$46.03
$45.00$42.50Aug 21$1.10$1.10$1.400.79$43.90

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 12.92% of stock, avg 19.66%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$45.00Aug 21$2.85$2.93$5.78$39.22$50.7812.92%
$42.50Aug 21$4.15$1.83$5.98$36.52$48.4813.36%
$47.50Aug 21$1.73$4.40$6.13$41.37$53.6313.70%
$40.00Aug 21$5.90$1.00$6.90$33.10$46.9015.42%
$50.00Aug 21$1.05$6.55$7.60$42.40$57.6016.98%
$37.50Aug 21$7.55$0.48$8.03$29.47$45.5317.94%
$52.50Aug 21$0.60$8.75$9.35$43.15$61.8520.89%
$35.00Aug 21$9.75$0.28$10.03$24.97$45.0322.41%
$55.00Aug 21$0.33$11.00$11.33$43.67$66.3325.32%
$32.50Aug 21$11.80$0.10$11.90$20.60$44.4026.59%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 25 found (cheapest 1.07% of stock, avg 4.66%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$57.50$35.00Aug 21$0.20$0.28$0.48$34.52$57.98
$55.00$35.00Aug 21$0.33$0.28$0.61$34.39$55.61
$57.50$37.50Aug 21$0.20$0.48$0.68$36.82$58.18
$55.00$37.50Aug 21$0.33$0.48$0.81$36.69$55.81
$52.50$35.00Aug 21$0.60$0.28$0.88$34.12$53.38
$52.50$37.50Aug 21$0.60$0.48$1.08$36.42$53.58
$57.50$40.00Aug 21$0.20$1.00$1.20$38.80$58.70
$50.00$35.00Aug 21$1.05$0.28$1.33$33.67$51.33
$55.00$40.00Aug 21$0.33$1.00$1.33$38.67$56.33
$50.00$37.50Aug 21$1.05$0.48$1.53$35.97$51.53

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 35 found (best R:R 13.71, avg credit $1.30)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
50/5255/58Aug 21$2.33$0.1713.71$50.17$57.33
48/5055/58Aug 21$2.28$0.2210.36$47.72$57.28
35/3840/42Aug 21$1.95$0.553.55$35.55$41.95
40/4245/48Aug 21$1.95$0.553.55$40.55$46.95
32/3540/42Aug 21$1.93$0.573.39$33.07$41.93
45/4850/52Aug 21$1.92$0.583.31$45.58$51.92
32/3538/40Aug 21$1.83$0.672.73$33.17$39.33
38/4042/45Aug 21$1.82$0.682.68$38.18$44.32
42/4548/50Aug 21$1.78$0.722.47$43.22$49.28
45/4852/55Aug 21$1.74$0.762.29$45.76$54.24

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 15 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$52.50$55.00$57.50Aug 21$0.14$2.3616.86
$42.50$45.00$47.50Aug 21$0.18$2.3212.89
$50.00$52.50$55.00Aug 21$0.18$2.3212.89
$47.50$50.00$52.50Aug 21$0.23$2.279.87
$45.00$47.50$50.00Aug 21$0.44$2.064.68
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$47.50$50.00$52.50Aug 21$0.05$2.4549.00
$50.00$52.50$55.00Aug 21$0.05$2.4549.00
$40.00$42.50$45.00Aug 21$0.27$2.238.26
$52.50$55.00$57.50Aug 21$0.30$2.207.33
$37.50$40.00$42.50Aug 21$0.31$2.197.06

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 14 found (best net $-0.06, 12 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$52.50$55.001:2Aug 21-$0.06$2.44
$55.00$57.501:2Aug 21-$0.07$2.43
$50.00$52.501:2Aug 21-$0.15$2.35
$47.50$50.001:2Aug 21-$0.37$2.13
$45.00$47.501:2Aug 21-$0.61$1.89
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$37.50$35.001:2Aug 21-$0.08$2.42
$42.50$40.001:2Aug 21-$0.17$2.33
$45.00$42.501:2Aug 21-$0.73$1.77
$47.50$45.001:2Aug 21-$1.46$1.04
$50.00$47.501:2Aug 21-$2.25$0.25

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 6 found (best yield 6.15%, avg 2.27%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$45.00Aug 21$2.750.520.6%6.15%6.70%96157
$47.50Aug 21$1.550.386.2%3.46%9.61%191701
$50.00Aug 21$0.900.2711.7%2.01%13.74%148565
$52.50Aug 21$0.500.1717.3%1.12%18.44%88841
$55.00Aug 21$0.250.1022.9%0.56%23.46%51.2K
$57.50Aug 21$0.150.0728.5%0.34%28.83%1236

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 998
Total Puts 956
Put/Call Ratio 0.96
Net Difference 42

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 9,606
Total Puts 9,289
Average Put/Call Ratio 1.15
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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