Tour v422
ALK
ALASKA AIR GROUP INC
$47.50 +2.97%
$47.25 (-0.53%)🌙
as of 07/27 06:03 PM
(7/24 01:41) ◀
|
Monday, July 27, 2026 (6:03pm)
January 2026
|
▶ (7/28 18:07)
◀ 7/27 18:03 ▶

Option Volume

Detail
ℹ
Current (07/27) 1,391
Calls: 388 (28%)
Puts: 1,003 (72%)
Prior (07/24) 3,382
Calls: 2,642 (78%)
Puts: 740 (22%)
Current vs Prior -58.87%
Calls: -85.31% (Calls)
Puts: +35.54% (Puts)
Prior 7-Day Total 22,744
Calls: 12,594 (55%)
Puts: 10,150 (45%)
Prior 7-Day Average 3,249
Calls: 1,799 (55%)
Puts: 1,450 (45%)
Current vs Prior 7-Day Avg -57.19%
Calls: -78.43%
Puts: -30.83%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27) $338.4K
Calls: $139.6K (41%)
Puts: $198.8K (59%)
Prior (07/24) $565.5K
Calls: $467.2K (83%)
Puts: $98.3K (17%)
Current vs Prior -40.16%
Calls: -70.12%
Puts: +102.26%
Prior 7-Day Total $6.24M
Calls: $3.86M (62%)
Puts: $2.38M (38%)
Prior 7-Day Average $892.0K
Calls: $551.4K (62%)
Puts: $340.6K (38%)
Current vs Prior 7-Day Avg -62.06%
Calls: -74.68%
Puts: -41.64%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27) 2.59
Prior (07/24) 0.28
Current vs Prior +822.93%
Prior 7-Day Average 0.96
Current vs Prior 7-Day Avg +168.31%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27) 95,644
Calls: 65,527 (69%)
Puts: 30,117 (31%)
Prior (07/24) 48,835
Calls: 36,878 (76%)
Puts: 11,957 (24%)
Current vs Prior +95.85%
Prior 7-Day Total 647,584
Calls: 467,823 (72%)
Puts: 179,761 (28%)
Prior 7-Day Average 92,512
Calls: 66,831 (72%)
Puts: 25,680 (28%)
Current vs Prior 7-Day Avg +3.39%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)
Current 12.00% | 16.74%
Prior 12.29% | 17.56%
Current vs Prior -2.37% | -4.68%
Prior 7-Day Avg 12.45% | 18.21%
Current vs 7-Day Avg -3.61% | -8.09%
Prior 7-Day Eod 12.29% | 17.56%
Current vs 7-Day Eod -2.37% | -4.68%
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 6.47% | 7.87%
Calls: 7.98% | 6.86%
Puts: 4.97% | 8.87%
Current vs 7-Day Avg -15.67% | +4.00%
Liquidity Pricy
+
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🤖 AI Insights

Below-average activity with volume down 59% vs prior. Extreme bearish P/C ratio of 2.59 - heavy put buying. P/C ratio rising 823% - increased hedging/bearish positioning. Call-heavy open interest (65,527 calls vs 30,117 puts) suggests bullish positioning.

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 BULLISH
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 3 of results (avg 7.3%, best 5.0%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Aug 215.906.20$6.055.0%--0.7871
$45.00Aug 214.104.40$4.257.1%20.66216
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Aug 215.806.40$6.109.8%--0.7346

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. 10 found (avg delta 0.78, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 2111.4013.00$12.2013.1%370.9444
$37.50Aug 219.1010.60$9.8515.2%--0.9328
$40.00Aug 216.908.20$7.5517.2%--0.8839
$42.50Aug 215.906.20$6.055.0%--0.7871
$45.00Aug 214.104.40$4.257.1%20.66216
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$57.50Aug 219.7011.60$10.6517.8%--0.8919
$55.00Aug 217.709.10$8.4016.7%--0.8337
$52.50Aug 215.806.40$6.109.8%--0.7346
$50.00Aug 214.004.70$4.3516.1%10.61129

Most actively traded options today. High liquidity = easy entry/exit. 15 active (total vol 400, top 87)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Aug 210.901.20$1.0528.6%870.26852
$35.00Aug 2111.4013.00$12.2013.1%370.9444
$55.00Aug 210.500.65$0.5726.3%300.171.2K
$47.50Aug 212.652.95$2.8010.7%250.52769
$50.00Aug 211.601.90$1.7517.1%190.38699
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.50Aug 210.200.30$0.2540.0%400.07388
$42.50Aug 210.801.20$1.0040.0%330.22769
$35.00Aug 210.050.35$0.20150.0%300.05370
$45.00Aug 211.552.00$1.7825.3%290.342.5K
$40.00Aug 210.400.55$0.4831.3%270.12967

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. 12 found (best R:R 15.67, avg 4.45)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$57.50$60.00Aug 21$0.15$2.35$0.1515.67$57.65
$55.00$57.50Aug 21$0.22$2.28$0.2210.36$55.22
$52.50$55.00Aug 21$0.48$2.02$0.484.21$52.98
$50.00$52.50Aug 21$0.70$1.80$0.702.57$50.70
$47.50$50.00Aug 21$1.05$1.45$1.051.38$48.55
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$40.00$37.50Aug 21$0.23$2.27$0.239.87$39.77
$42.50$40.00Aug 21$0.52$1.98$0.523.81$41.98
$45.00$42.50Aug 21$0.78$1.72$0.782.21$44.22
$47.50$45.00Aug 21$1.12$1.38$1.121.23$46.38
$50.00$47.50Aug 21$1.45$1.05$1.450.72$48.55

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 18 found (best R:R 15.67, avg 3.33)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$35.00$37.50Aug 21$2.35$2.35$0.1515.67$37.35
$37.50$40.00Aug 21$2.30$2.30$0.2011.50$39.80
$42.50$45.00Aug 21$1.80$1.80$0.702.57$44.30
$40.00$42.50Aug 21$1.50$1.50$1.001.50$41.50
$45.00$47.50Aug 21$1.45$1.45$1.051.38$46.45
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$55.00$52.50Aug 21$2.30$2.30$0.2011.50$52.70
$57.50$55.00Aug 21$2.25$2.25$0.259.00$55.25
$52.50$50.00Aug 21$1.75$1.75$0.752.33$50.75
$50.00$47.50Aug 21$1.45$1.45$1.051.38$48.55
$47.50$45.00Aug 21$1.12$1.12$1.380.81$46.38

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. 10 found (cheapest 12.00% of stock, avg 17.37%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$47.50Aug 21$2.80$2.90$5.70$41.80$53.2012.00%
$45.00Aug 21$4.25$1.78$6.03$38.97$51.0312.69%
$50.00Aug 21$1.75$4.35$6.10$43.90$56.1012.84%
$42.50Aug 21$6.05$1.00$7.05$35.45$49.5514.84%
$52.50Aug 21$1.05$6.10$7.15$45.35$59.6515.05%
$40.00Aug 21$7.55$0.48$8.03$31.97$48.0316.91%
$55.00Aug 21$0.57$8.40$8.97$46.03$63.9718.88%
$37.50Aug 21$9.85$0.25$10.10$27.40$47.6021.26%
$57.50Aug 21$0.35$10.65$11.00$46.50$68.5023.16%
$35.00Aug 21$12.20$0.20$12.40$22.60$47.4026.11%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 25 found (cheapest 0.95% of stock, avg 4.35%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$60.00$37.50Aug 21$0.20$0.25$0.45$37.05$60.45
$57.50$37.50Aug 21$0.35$0.25$0.60$36.90$58.10
$60.00$40.00Aug 21$0.20$0.48$0.68$39.32$60.68
$55.00$37.50Aug 21$0.57$0.25$0.82$36.68$55.82
$57.50$40.00Aug 21$0.35$0.48$0.83$39.17$58.33
$55.00$40.00Aug 21$0.57$0.48$1.05$38.95$56.05
$60.00$42.50Aug 21$0.20$1.00$1.20$41.30$61.20
$52.50$37.50Aug 21$1.05$0.25$1.30$36.20$53.80
$57.50$42.50Aug 21$0.35$1.00$1.35$41.15$58.85
$52.50$40.00Aug 21$1.05$0.48$1.53$38.47$54.03

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 27 found (best R:R 4.32, avg credit $1.34)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
38/4042/45Aug 21$2.03$0.474.32$37.97$44.53
40/4245/48Aug 21$1.97$0.533.72$40.53$46.97
50/5255/58Aug 21$1.97$0.533.72$50.53$56.97
48/5052/55Aug 21$1.93$0.573.39$48.07$54.43
50/5258/60Aug 21$1.90$0.603.17$50.60$59.40
42/4548/50Aug 21$1.83$0.672.73$43.17$49.33
45/4850/52Aug 21$1.82$0.682.68$45.68$51.82
38/4045/48Aug 21$1.68$0.822.05$38.32$46.68
48/5055/58Aug 21$1.67$0.832.01$48.33$56.67
45/4852/55Aug 21$1.60$0.901.78$45.90$54.10

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
$35.00$37.50$40.00Aug 21$0.05$2.4549.00
$55.00$57.50$60.00Aug 21$0.07$2.4334.71
$50.00$52.50$55.00Aug 21$0.22$2.2810.36
$52.50$55.00$57.50Aug 21$0.26$2.248.62
$42.50$45.00$47.50Aug 21$0.35$2.156.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$35.00$37.50$40.00Aug 21$0.18$2.3212.89
$40.00$42.50$45.00Aug 21$0.26$2.248.62
$37.50$40.00$42.50Aug 21$0.29$2.217.62
$47.50$50.00$52.50Aug 21$0.30$2.207.33
$45.00$47.50$50.00Aug 21$0.33$2.176.58

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 13 found (best net $-0.02, 12 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$57.50$60.001:2Aug 21-$0.05$2.45
$52.50$55.001:2Aug 21-$0.09$2.41
$55.00$57.501:2Aug 21-$0.13$2.37
$50.00$52.501:2Aug 21-$0.35$2.15
$47.50$50.001:2Aug 21-$0.70$1.80
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$40.00$37.501:2Aug 21-$0.02$2.48
$37.50$35.001:2Aug 21-$0.15$2.35
$45.00$42.501:2Aug 21-$0.22$2.28
$47.50$45.001:2Aug 21-$0.66$1.84
$50.00$47.501:2Aug 21-$1.45$1.05

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 6 found (best yield 5.58%, avg 2.12%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$47.50Aug 21$2.650.520.0%5.58%5.58%25769
$50.00Aug 21$1.600.385.3%3.37%8.63%19699
$52.50Aug 21$0.900.2610.5%1.89%12.42%87852
$55.00Aug 21$0.500.1715.8%1.05%16.84%301.2K
$57.50Aug 21$0.250.1121.1%0.53%21.58%17236
$60.00Aug 21$0.150.0726.3%0.32%26.63%43.1K

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 388
Total Puts 1,003
Put/Call Ratio 2.59
Net Difference -615

Prior's Put/Call Breakdown

Total Calls 2,642
Total Puts 740
Put/Call Ratio 0.28
Net Difference 1,902

Prior 7-Day Put/Call Summary

Total Calls 12,594
Total Puts 10,150
Average Put/Call Ratio 0.96
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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