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SOUTHWEST AIRLS CO
$50.47 -1.85%
$50.62 (+0.30%)🌙
as of 07/01 06:02 PM
7/1 18:02

Option Volume

Detail
Current (07/01) 8,160
Calls: 5,228 (64%)
Puts: 2,932 (36%)
Prior (06/30) 12,566
Calls: 9,987 (79%)
Puts: 2,579 (21%)
Current vs Prior -35.06%
Calls: -47.65% (Calls)
Puts: +13.69% (Puts)
Prior 7-Day Total 134,045
Calls: 91,548 (68%)
Puts: 42,497 (32%)
Prior 7-Day Average 19,149
Calls: 13,078 (68%)
Puts: 6,071 (32%)
Current vs Prior 7-Day Avg -57.39%
Calls: -60.03%
Puts: -51.70%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/01) $4.54M
Calls: $4.12M (91%)
Puts: $412.7K (9%)
Prior (06/30) $3.38M
Calls: $3.11M (92%)
Puts: $270.8K (8%)
Current vs Prior +34.04%
Calls: +32.45%
Puts: +52.37%
Prior 7-Day Total $45.91M
Calls: $32.33M (70%)
Puts: $13.58M (30%)
Prior 7-Day Average $6.56M
Calls: $4.62M (70%)
Puts: $1.94M (30%)
Current vs Prior 7-Day Avg -30.84%
Calls: -10.72%
Puts: -78.73%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/01) 0.56
Prior (06/30) 0.26
Current vs Prior +117.18%
Prior 7-Day Average 0.53
Current vs Prior 7-Day Avg +6.21%
Sentiment BULLISH

Open Interest

Detail
Current (07/01) 250,281
Calls: 152,865 (61%)
Puts: 97,416 (39%)
Prior (06/30) 241,609
Calls: 145,498 (60%)
Puts: 96,111 (40%)
Current vs Prior +3.59%
Prior 7-Day Total 1,486,599
Calls: 882,954 (59%)
Puts: 603,645 (41%)
Prior 7-Day Average 212,371
Calls: 126,136 (59%)
Puts: 86,235 (41%)
Current vs Prior 7-Day Avg +17.85%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/10) | Next (07/17)Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 6.92% | 8.40%6.92% | 8.40%8.40% | 16.11%
Prior 4.01% | 7.35%-- | ---- | --
Current vs Prior -24.82% | -5.93%-- | ---- | --
Prior 7-Day Avg 4.44% | 7.10%-- | ---- | --
Current vs 7-Day Avg -32.23% | -2.59%-- | ---- | --
Prior 7-Day Eod 4.01% | 7.35%-- | ---- | --
Current vs 7-Day Eod -24.82% | -5.93%-- | ---- | --
Sentiment BULLISH----

Relative Spread

Detail
Expiry | Next
Current 10.70% | 15.83%
Calls: 9.37% | 15.24%
Puts: 12.03% | 16.42%
Prior 10.70% | 15.83%
Calls: 9.37% | 15.24%
Puts: 12.03% | 16.42%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 31.55% | 17.40%
Calls: 27.31% | 16.42%
Puts: 35.79% | 18.38%
Current vs 7-Day Avg -66.08% | -9.01%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 91% of dollar volume in calls ($4.12M) vs puts ($412.7K). Bullish P/C ratio of 0.56. P/C ratio rising 117% - increased hedging/bearish positioning. Call-heavy open interest (152,865 calls vs 97,416 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 21 of results (avg 7.5%, best 3.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$51.00Jul 171.651.71$1.683.6%210.47323
$50.00Jul 172.112.22$2.175.1%310.567.2K
$49.00Jul 313.653.85$3.755.3%--0.6113
$48.00Jul 173.403.65$3.537.1%--0.7278
$52.50Jul 171.041.12$1.087.4%370.35502
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$54.00Jul 173.954.15$4.054.9%--0.7642
$51.00Jul 312.863.05$2.966.4%20.5014
$52.00Jul 172.562.75$2.667.1%100.6091
$55.00Jul 174.655.00$4.837.2%150.81323
$49.00Jul 311.982.13$2.057.3%600.3920

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.68, cheapest $0.40)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$53.00Jul 170.850.97$0.9113.2%1310.329.2K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Jul 100.360.43$0.4017.5%3010.198
$51.00Jul 20.660.80$0.7319.2%470.6638

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 79 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.00Jul 27.6010.65$9.1333.4%1121.0019
$42.50Jul 27.808.85$8.3212.6%221.005
$43.00Jul 26.857.90$7.3814.2%441.0028
$43.50Jul 26.808.30$7.5519.9%231.0022
$44.00Jul 26.457.05$6.758.9%31.0026
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$54.00Jul 22.124.95$3.5479.9%20.981
$60.00Jul 27.909.95$8.9323.0%20.97--
$55.00Jul 22.706.30$4.5080.0%20.9531
$53.00Jul 21.902.69$2.3034.3%40.92162
$52.00Jul 21.041.82$1.4354.5%70.8730

Most actively traded options today. High liquidity = easy entry/exit. 138 active (total vol 4.6K, top 458)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$44.50Jul 25.857.30$6.5722.1%4581.007
$45.00Jul 25.406.75$6.0822.2%4571.00187
$53.00Jul 100.520.70$0.6129.5%2200.282.2K
$56.00Jul 170.270.49$0.3857.9%2010.15524
$55.00Jul 100.190.40$0.3070.0%1490.15252
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Jul 100.360.43$0.4017.5%3010.198
$46.50Jul 100.230.37$0.3046.7%2580.145
$48.50Jul 170.881.23$1.0633.0%1000.3215
$49.00Jul 241.612.03$1.8223.1%1000.3853
$48.00Jul 241.251.66$1.4628.1%830.3250

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 46 strikes (avg 125.6%, max 671.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$41.00Jul 2Jul 10459.3%75.3%509.5%124
$57.00Jul 2Jul 24215.5%51.4%318.8%118
$56.00Jul 2Aug 7181.1%48.1%276.7%113
$45.50Jul 2Jul 17157.8%50.3%213.6%660
$46.00Jul 2Jul 31134.2%47.6%181.9%31124
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$41.00Jul 2Jul 31459.3%59.5%671.6%1024
$46.50Jul 2Jul 17143.7%38.8%270.1%--31
$45.50Jul 2Jul 17157.8%50.3%213.6%250
$46.00Jul 2Jul 31134.2%47.6%181.9%--123
$44.00Jul 2Aug 7129.3%46.6%177.4%131

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 84 found (best R:R 7.70, avg 2.09)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$58.00$60.00Jul 24$0.23$1.77$0.237.70$58.23
$56.00$57.00Jul 17$0.15$0.85$0.155.67$56.15
$54.00$55.00Jul 17$0.16$0.84$0.165.25$54.16
$56.00$57.00Jul 24$0.17$0.83$0.174.88$56.17
$59.00$60.00Jul 31$0.17$0.83$0.174.88$59.17
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$43.00$42.00Jul 24$0.15$0.85$0.155.67$42.85
$52.00$51.00Jul 24$0.15$0.85$0.155.67$51.85
$46.50$46.00Jul 2$0.10$0.40$0.104.00$46.40
$44.50$44.00Jul 17$0.10$0.40$0.104.00$44.40
$42.00$41.00Jul 17$0.21$0.79$0.213.76$41.79

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 105 found (best R:R 9.71, avg 1.55)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$45.50$47.00Jul 17$1.36$1.36$0.149.71$46.86
$42.00$45.00Jul 31$2.65$2.65$0.357.57$44.65
$45.00$47.00Jul 24$1.75$1.75$0.257.00$46.75
$58.00$59.00Jul 10$0.87$0.87$0.136.69$58.87
$41.00$44.00Jul 10$2.55$2.55$0.455.67$43.55
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$59.00$55.00Jul 2$3.55$3.55$0.457.89$55.45
$60.00$59.00Jul 2$0.88$0.88$0.127.33$59.12
$53.00$52.00Jul 2$0.87$0.87$0.136.69$52.13
$51.00$50.00Jul 24$0.86$0.86$0.146.14$50.14
$53.00$52.00Jul 10$0.84$0.84$0.165.25$52.16

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 40 found (avg debit $0.49, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$46.00Jul 2Jul 10$0.08134.2%50.9%
$46.50Jul 2Jul 10$0.22143.7%51.5%
$45.00Jul 2Jul 10$0.2592.0%53.3%
$55.00Jul 2Jul 10$0.2599.8%49.9%
$42.00Jul 2Jul 24$0.27140.5%61.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$46.50Jul 2Jul 10$0.07143.7%51.5%
$46.00Jul 2Jul 10$0.09134.2%50.9%
$44.00Jul 2Jul 10$0.11129.3%59.0%
$45.00Jul 2Jul 10$0.1392.0%53.3%
$42.00Jul 2Jul 10$0.16140.5%79.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 75 found (cheapest 2.06% of stock, avg 10.80%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$51.00Jul 2$0.31$0.73$1.04$49.96$52.042.06%
$50.00Jul 2$0.79$0.36$1.15$48.85$51.152.28%
$52.00Jul 2$0.09$1.43$1.52$50.48$53.523.01%
$49.50Jul 2$1.47$0.11$1.58$47.92$51.083.13%
$53.00Jul 2$0.06$2.30$2.36$50.64$55.364.68%
$49.00Jul 2$2.03$0.41$2.44$46.56$51.444.83%
$48.50Jul 2$2.55$0.07$2.62$45.88$51.125.19%
$48.00Jul 2$2.85$0.13$2.98$45.02$50.985.90%
$50.00Jul 10$1.81$1.19$3.00$47.00$53.005.94%
$52.00Jul 10$0.84$2.29$3.13$48.87$55.136.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 140 found (cheapest 0.34% of stock, avg 4.69%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$53.00$49.50Jul 2$0.06$0.11$0.17$49.33$53.17
$52.00$49.50Jul 2$0.09$0.11$0.20$49.30$52.20
$53.00$46.50Jul 2$0.06$0.23$0.29$46.21$53.29
$52.00$46.50Jul 2$0.09$0.23$0.32$46.18$52.32
$56.00$49.50Jul 2$0.30$0.11$0.41$49.09$56.41
$51.00$49.50Jul 2$0.31$0.11$0.42$49.08$51.42
$53.00$50.00Jul 2$0.06$0.36$0.42$49.58$53.42
$52.00$50.00Jul 2$0.09$0.36$0.45$49.55$52.45
$53.00$49.00Jul 2$0.06$0.41$0.47$48.53$53.47
$57.00$49.50Jul 2$0.38$0.11$0.49$49.01$57.49

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 77 found (best R:R 7.33, avg credit $0.75)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
48/4849/50Jul 17$0.88$0.127.33$47.62$49.88
41/4249/50Jul 17$0.86$0.146.14$41.14$49.86
47/4849/50Jul 24$0.85$0.155.67$47.15$49.85
44/4549/50Jul 31$0.85$0.155.67$44.15$49.85
48/4951/52Jul 31$0.85$0.155.67$48.15$51.85
51/5253/54Jul 31$0.85$0.155.67$51.15$53.85
44/4555/56Aug 7$0.84$0.165.25$44.16$55.84
46/4749/50Jul 31$0.83$0.174.88$46.17$49.83
47/4849/50Jul 17$0.82$0.184.56$46.68$49.82
44/4551/52Jul 31$0.82$0.184.56$44.18$51.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 57 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$54.00$55.00$56.00Jul 17$0.07$0.9313.29
$51.00$52.00$53.00Jul 31$0.07$0.9313.29
$53.00$54.00$55.00Jul 2$0.09$0.9110.11
$53.00$54.00$55.00Jul 17$0.12$0.887.33
$50.00$51.00$52.00Jul 17$0.14$0.866.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$53.00$54.00$55.00Jul 17$0.06$0.9415.67
$47.00$48.00$49.00Jul 31$0.10$0.909.00
$47.00$48.00$49.00Jul 24$0.11$0.898.09
$50.00$51.00$52.00Jul 10$0.12$0.887.33
$50.00$51.00$52.00Jul 17$0.14$0.866.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 77 found (best net $-0.95, 67 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$52.00$55.001:2Aug 7-$0.61$2.39
$58.00$60.001:2Jul 17-$0.08$1.92
$58.00$60.001:2Jul 24-$0.18$1.82
$56.00$57.001:2Jul 17-$0.08$0.92
$54.00$55.001:2Jul 2-$0.09$0.91
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$59.00$55.001:2Jul 2-$0.95$3.05
$48.00$45.001:2Aug 7-$0.36$2.64
$47.00$45.001:2Jul 24-$0.17$1.83
$44.00$42.001:2Jul 31-$0.92$1.08
$50.00$48.001:2Aug 7-$0.98$1.02

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 37 found (best yield 4.83%, avg 1.81%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$51.00Jul 31$2.440.501.1%4.83%5.88%--21
$52.00Aug 7$2.360.463.0%4.68%7.71%3--
$51.00Jul 24$2.310.501.1%4.58%5.63%2108
$52.00Jul 31$2.000.443.0%3.96%6.99%419
$52.00Jul 24$1.870.443.0%3.71%6.74%--97
$51.00Jul 17$1.650.471.1%3.27%4.32%21323
$53.00Jul 31$1.620.395.0%3.21%8.22%--65
$53.00Jul 24$1.500.385.0%2.97%7.98%33.1K
$54.00Jul 31$1.450.357.0%2.87%9.87%918
$52.00Jul 17$1.220.403.0%2.42%5.45%601.1K

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 5,228
Total Puts 2,932
Put/Call Ratio 0.56
Net Difference 2,296

Prior's Put/Call Breakdown

Total Calls 9,987
Total Puts 2,579
Put/Call Ratio 0.26
Net Difference 7,408

Prior 7-Day Put/Call Summary

Total Calls 91,548
Total Puts 42,497
Average Put/Call Ratio 0.53
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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