Tour v490
ALK
ALASKA AIR GROUP INC
$52.55 +4.66%
$52.30 (-0.48%)🌙
as of 08/04 06:13 PM
(8/3 18:05) ◀
|
Tuesday, August 4, 2026 (6:13pm)
January 2026
|
▶ (8/5 18:17)
◀ 8/4 18:13 ▶

Option Volume

Detail
ℹ
Current (08/04) 1,930
Calls: 1,294 (67%)
Puts: 636 (33%)
Prior (08/03) 2,651
Calls: 1,125 (42%)
Puts: 1,526 (58%)
Current vs Prior -27.20%
Calls: +15.02% (Calls)
Puts: -58.32% (Puts)
Prior 7-Day Total 12,165
Calls: 6,953 (57%)
Puts: 5,212 (43%)
Prior 7-Day Average 1,737
Calls: 993 (57%)
Puts: 744 (43%)
Current vs Prior 7-Day Avg +11.06%
Calls: +30.27%
Puts: -14.58%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04) $774.4K
Calls: $663.2K (86%)
Puts: $111.3K (14%)
Prior (08/03) $614.4K
Calls: $448.5K (73%)
Puts: $165.9K (27%)
Current vs Prior +26.05%
Calls: +47.87%
Puts: -32.95%
Prior 7-Day Total $3.00M
Calls: $2.08M (69%)
Puts: $926.5K (31%)
Prior 7-Day Average $429.2K
Calls: $296.8K (69%)
Puts: $132.4K (31%)
Current vs Prior 7-Day Avg +80.44%
Calls: +123.42%
Puts: -15.94%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04) 0.49
Prior (08/03) 1.36
Current vs Prior -63.77%
Prior 7-Day Average 0.96
Current vs Prior 7-Day Avg -49.05%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04) 55,177
Calls: 42,673 (77%)
Puts: 12,504 (23%)
Prior (08/03) 97,875
Calls: 66,667 (68%)
Puts: 31,208 (32%)
Current vs Prior -43.63%
Prior 7-Day Total 573,357
Calls: 398,700 (70%)
Puts: 174,657 (30%)
Prior 7-Day Average 81,908
Calls: 56,957 (70%)
Puts: 24,951 (30%)
Current vs Prior 7-Day Avg -32.64%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)
Current 12.37% | 17.98%
Prior 12.75% | 18.22%
Current vs Prior -2.96% | -1.32%
Prior 7-Day Avg 11.66% | 16.89%
Current vs 7-Day Avg +6.07% | +6.45%
Prior 7-Day Eod 12.75% | 18.22%
Current vs 7-Day Eod -2.96% | -1.32%
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 5.46% | 8.18%
Calls: 7.41% | 5.83%
Puts: 3.51% | 10.53%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Pricy
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🤖 AI Insights

Strong bullish conviction with 86% of dollar volume in calls ($663.2K) vs puts ($111.3K). Dollar volume significantly above 7-day average (80% higher). Extreme bullish P/C ratio of 0.49 - heavy call buying (1,294 calls vs 636 puts). P/C ratio dropping 64% - 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 BULLISH
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 5 of results (avg 8.2%, best 7.2%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Sep 184.004.30$4.157.2%490.541.3K
$55.00Sep 182.953.20$3.088.1%540.455.9K
$47.50Sep 186.707.30$7.008.6%420.73389
$60.00Sep 181.451.60$1.539.8%270.271.4K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Sep 185.105.50$5.307.5%120.5570

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 0.73, highest 0.96)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Aug 219.8010.90$10.3510.6%10.9667
$45.00Aug 217.608.50$8.0511.2%220.90--
$42.50Sep 189.9011.50$10.7015.0%10.87275
$47.50Aug 215.406.30$5.8515.4%110.82781
$45.00Sep 188.509.40$8.9510.1%40.822.5K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Sep 185.105.50$5.307.5%120.5570

Most actively traded options today. High liquidity = easy entry/exit. 28 active (total vol 1.0K, top 297)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Sep 185.205.80$5.5010.9%2970.646.3K
$55.00Aug 211.251.80$1.5335.9%1170.391.4K
$52.50Aug 212.502.80$2.6511.3%580.551.1K
$55.00Sep 182.953.20$3.088.1%540.455.9K
$52.50Sep 184.004.30$4.157.2%490.541.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Aug 210.050.25$0.15133.3%900.05791
$50.00Sep 182.402.85$2.6317.1%310.36261
$45.00Aug 210.300.50$0.4050.0%290.112.2K
$45.00Sep 180.651.30$0.9866.3%220.17--
$55.00Sep 185.105.50$5.307.5%120.5570

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 12.9%, max 22.6%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$45.00Aug 21Sep 1863.7%51.9%22.6%262.5K
$50.00Aug 21Sep 1858.7%52.3%12.2%3357.1K
$42.50Aug 21Sep 1863.1%57.0%10.8%2342
$47.50Aug 21Sep 1857.5%54.3%6.0%531.2K
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$45.00Aug 21Sep 1863.7%51.9%22.6%512.2K
$50.00Aug 21Sep 1858.7%52.3%12.2%41380
$42.50Aug 21Sep 1863.1%57.0%10.8%100791
$47.50Aug 21Sep 1857.5%54.3%6.0%12--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 19 found (best R:R 9.00, avg 3.00)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$57.50$60.00Aug 21$0.40$2.10$0.405.25$57.90
$60.00$62.50Sep 18$0.45$2.05$0.454.56$60.45
$57.50$60.00Sep 18$0.62$1.88$0.623.03$58.12
$55.00$57.50Aug 21$0.73$1.77$0.732.42$55.73
$55.00$57.50Sep 18$0.93$1.57$0.931.69$55.93
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$45.00$42.50Aug 21$0.25$2.25$0.259.00$44.75
$47.50$45.00Aug 21$0.28$2.22$0.287.93$47.22
$45.00$42.50Sep 18$0.28$2.22$0.287.93$44.72
$50.00$47.50Aug 21$0.75$1.75$0.752.33$49.25
$52.50$50.00Aug 21$0.82$1.68$0.822.05$51.68

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 24 found (best R:R 11.50, avg 1.64)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$42.50$45.00Aug 21$2.30$2.30$0.2011.50$44.80
$45.00$47.50Aug 21$2.20$2.20$0.307.33$47.20
$45.00$47.50Sep 18$1.95$1.95$0.553.55$46.95
$47.50$50.00Aug 21$1.85$1.85$0.652.85$49.35
$42.50$45.00Sep 18$1.75$1.75$0.752.33$44.25
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$55.00$52.50Sep 18$1.40$1.40$1.101.27$53.60
$52.50$50.00Sep 18$1.27$1.27$1.231.03$51.23
$50.00$47.50Sep 18$0.83$0.83$1.670.50$49.17
$52.50$50.00Aug 21$0.82$0.82$1.680.49$51.68
$47.50$45.00Sep 18$0.82$0.82$1.680.49$46.68

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $1.12, cheapest $0.35)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.50Aug 21Sep 18$0.3563.1%57.0%
$45.00Aug 21Sep 18$0.9063.7%51.9%
$60.00Aug 21Sep 18$1.1352.1%54.3%
$47.50Aug 21Sep 18$1.1557.5%54.3%
$57.50Aug 21Sep 18$1.3552.2%54.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.50Aug 21Sep 18$0.5563.1%57.0%
$45.00Aug 21Sep 18$0.5863.7%51.9%
$47.50Aug 21Sep 18$1.1257.5%54.3%
$50.00Aug 21Sep 18$1.2058.7%52.3%
$52.50Aug 21Sep 18$1.6553.1%53.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 11 found (cheapest 9.32% of stock, avg 15.66%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$52.50Aug 21$2.65$2.25$4.90$47.60$57.409.32%
$50.00Aug 21$4.00$1.43$5.43$44.57$55.4310.33%
$47.50Aug 21$5.85$0.68$6.53$40.97$54.0312.43%
$52.50Sep 18$4.15$3.90$8.05$44.45$60.5515.32%
$50.00Sep 18$5.50$2.63$8.13$41.87$58.1315.47%
$55.00Sep 18$3.08$5.30$8.38$46.62$63.3815.95%
$45.00Aug 21$8.05$0.40$8.45$36.55$53.4516.08%
$47.50Sep 18$7.00$1.80$8.80$38.70$56.3016.75%
$45.00Sep 18$8.95$0.98$9.93$35.07$54.9318.90%
$42.50Aug 21$10.35$0.15$10.50$32.00$53.0019.98%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 32 found (cheapest 1.52% of stock, avg 6.21%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$60.00$45.00Aug 21$0.40$0.40$0.80$44.20$60.80
$60.00$47.50Aug 21$0.40$0.68$1.08$46.42$61.08
$57.50$45.00Aug 21$0.80$0.40$1.20$43.80$58.70
$57.50$47.50Aug 21$0.80$0.68$1.48$46.02$58.98
$62.50$42.50Sep 18$1.08$0.70$1.78$40.72$64.28
$60.00$50.00Aug 21$0.40$1.43$1.83$48.17$61.83
$55.00$45.00Aug 21$1.53$0.40$1.93$43.07$56.93
$62.50$45.00Sep 18$1.08$0.98$2.06$42.94$64.56
$55.00$47.50Aug 21$1.53$0.68$2.21$45.29$57.21
$57.50$50.00Aug 21$0.80$1.43$2.23$47.77$59.73

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 34 found (best R:R 7.33, avg credit $1.50)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
50/5255/58Sep 18$2.20$0.307.33$50.30$57.20
45/4850/52Sep 18$2.17$0.336.58$45.33$52.17
42/4548/50Aug 21$2.10$0.405.25$42.90$49.60
52/5558/60Sep 18$2.02$0.484.21$52.98$59.52
48/5052/55Sep 18$1.90$0.603.17$48.10$54.40
45/4852/55Sep 18$1.89$0.613.10$45.61$54.39
50/5258/60Sep 18$1.89$0.613.10$50.61$59.39
48/5052/55Aug 21$1.87$0.632.97$48.13$54.37
52/5560/62Sep 18$1.85$0.652.85$53.15$61.85
42/4548/50Sep 18$1.78$0.722.47$43.22$49.28

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 17 found (best R:R 34.71, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$42.50$45.00$47.50Aug 21$0.10$2.4024.00
$52.50$55.00$57.50Sep 18$0.14$2.3616.86
$47.50$50.00$52.50Sep 18$0.15$2.3515.67
$57.50$60.00$62.50Sep 18$0.17$2.3313.71
$50.00$52.50$55.00Aug 21$0.23$2.279.87
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$47.50$50.00$52.50Aug 21$0.07$2.4334.71
$50.00$52.50$55.00Sep 18$0.13$2.3718.23
$47.50$50.00$52.50Sep 18$0.44$2.064.68
$45.00$47.50$50.00Aug 21$0.47$2.034.32
$42.50$45.00$47.50Sep 18$0.54$1.963.63

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 17 found (best net $--, 15 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$57.50$60.001:2Aug 21$0.00$2.50
$55.00$57.501:2Aug 21-$0.07$2.43
$52.50$55.001:2Aug 21-$0.41$2.09
$60.00$62.501:2Sep 18-$0.63$1.87
$57.50$60.001:2Sep 18-$0.91$1.59
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.50$45.001:2Aug 21-$0.12$2.38
$47.50$45.001:2Sep 18-$0.16$2.34
$45.00$42.501:2Sep 18-$0.42$2.08
$52.50$50.001:2Aug 21-$0.61$1.89
$50.00$47.501:2Sep 18-$0.97$1.53

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 7 found (best yield 5.61%, avg 2.54%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$55.00Sep 18$2.950.454.7%5.61%10.28%545.9K
$57.50Sep 18$1.950.359.4%3.71%13.13%2270
$60.00Sep 18$1.450.2714.2%2.76%16.94%271.4K
$55.00Aug 21$1.250.394.7%2.38%7.04%1171.4K
$62.50Sep 18$0.850.2118.9%1.62%20.55%12373
$57.50Aug 21$0.600.249.4%1.14%10.56%38320
$60.00Aug 21$0.300.1414.2%0.57%14.75%313.1K

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 1,294
Total Puts 636
Put/Call Ratio 0.49
Net Difference 658

Prior's Put/Call Breakdown

Total Calls 1,125
Total Puts 1,526
Put/Call Ratio 1.36
Net Difference -401

Prior 7-Day Put/Call Summary

Total Calls 6,953
Total Puts 5,212
Average Put/Call Ratio 0.96
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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