Tour v290
LUV
SOUTHWEST AIRLS CO
$50.25 -0.44%
$49.98 (-0.54%)🌙
as of 07/02 06:03 PM
(7/1 18:02) ◀
|
Thursday, July 2, 2026 (6:03pm)
January 2026
|
▶ (7/6 18:02)
◀ 7/2 18:03 ▶

Option Volume

Detail
ℹ
Current (07/02) 9,868
Calls: 6,903 (70%)
Puts: 2,965 (30%)
Prior (07/01) 8,160
Calls: 5,228 (64%)
Puts: 2,932 (36%)
Current vs Prior +20.93%
Calls: +32.04% (Calls)
Puts: +1.13% (Puts)
Prior 7-Day Total 111,843
Calls: 78,368 (70%)
Puts: 33,475 (30%)
Prior 7-Day Average 15,977
Calls: 11,195 (70%)
Puts: 4,782 (30%)
Current vs Prior 7-Day Avg -38.24%
Calls: -38.34%
Puts: -38.00%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/02) $4.29M
Calls: $3.79M (88%)
Puts: $500.6K (12%)
Prior (07/01) $4.54M
Calls: $4.12M (91%)
Puts: $412.7K (9%)
Current vs Prior -5.44%
Calls: -8.11%
Puts: +21.30%
Prior 7-Day Total $34.09M
Calls: $27.41M (80%)
Puts: $6.68M (20%)
Prior 7-Day Average $4.87M
Calls: $3.92M (80%)
Puts: $954.2K (20%)
Current vs Prior 7-Day Avg -11.92%
Calls: -3.24%
Puts: -47.54%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/02) 0.43
Prior (07/01) 0.56
Current vs Prior -23.41%
Prior 7-Day Average 0.52
Current vs Prior 7-Day Avg -16.65%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/02) 254,821
Calls: 156,199 (61%)
Puts: 98,622 (39%)
Prior (07/01) 250,281
Calls: 152,865 (61%)
Puts: 97,416 (39%)
Current vs Prior +1.81%
Prior 7-Day Total 1,535,238
Calls: 954,938 (60%)
Puts: 624,485 (40%)
Prior 7-Day Average 219,319
Calls: 136,419 (60%)
Puts: 89,212 (40%)
Current vs Prior 7-Day Avg +16.19%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/02) | Next (07/10)Expiry (07/17) | Next (08/21)
Current 2.29% | 6.67%8.40% | 16.48%
Prior 3.01% | 6.92%-- | --
Current vs Prior +121.36% | +21.45%-- | --
Prior 7-Day Avg 4.21% | 7.14%-- | --
Current vs 7-Day Avg +58.48% | +17.63%-- | --
Prior 7-Day Eod 3.01% | 6.92%-- | --
Current vs 7-Day Eod +121.36% | +21.45%-- | --
Sentiment BEARISH--

Relative Spread

Detail
ℹ
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 25.73% | 17.66%
Calls: 25.59% | 16.31%
Puts: 30.88% | 19.64%
Current vs 7-Day Avg -58.41% | -10.38%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 88% of dollar volume in calls ($3.79M) vs puts ($500.6K). Extreme bullish P/C ratio of 0.43 - heavy call buying (6,903 calls vs 2,965 puts). P/C ratio dropping 23% - sentiment shifting bullish. Call-heavy open interest (156,199 calls vs 98,622 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 BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH

📈 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 6.6%, best 2.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Jul 175.605.75$5.682.6%350.881.1K
$43.00Jul 177.407.65$7.533.3%20.929
$49.00Jul 102.012.19$2.108.6%60.641.9K
$49.00Jul 243.153.45$3.309.1%190.58103
$40.50Jul 29.059.95$9.509.5%3290.8476
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.73, cheapest $0.44)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$53.00Jul 170.730.86$0.8016.2%550.299.2K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Jul 170.400.48$0.4418.2%440.17101
$47.50Jul 170.730.85$0.7915.2%150.264.9K
$45.00Jul 310.821.00$0.9119.8%10.2129

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 83 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$41.50Jul 28.109.70$8.9018.0%61.00111
$42.00Jul 27.509.95$8.7328.1%61.00124
$42.50Jul 27.007.90$7.4512.1%201.0024
$43.00Jul 26.557.45$7.0012.9%141.0049
$43.50Jul 26.057.00$6.5314.5%291.0037
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Jul 20.000.70$0.35200.0%431.00163
$55.00Jul 104.655.70$5.1820.3%30.8820
$52.00Jul 21.582.52$2.0545.9%180.8632
$55.00Jul 175.005.55$5.2810.4%10.84337
$59.00Aug 147.6510.85$9.2534.6%10.82--

Most actively traded options today. High liquidity = easy entry/exit. 152 active (total vol 4.0K, top 569)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.50Jul 29.059.95$9.509.5%3290.8476
$51.00Jul 171.411.56$1.4910.1%3190.45331
$53.00Jul 100.320.55$0.4452.3%2860.222.3K
$55.00Jul 100.120.33$0.2391.3%2710.12374
$52.00Jul 100.560.72$0.6425.0%950.312.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$51.00Jul 172.002.44$2.2219.8%5690.551.2K
$45.00Jul 170.290.36$0.3221.9%1770.13945
$49.00Jul 100.741.24$0.9950.5%700.3662
$50.00Jul 171.641.91$1.7815.2%570.471.8K
$51.00Jul 20.681.24$0.9658.3%500.6473

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 43 strikes (avg 1860.3%, max 5596.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$57.00Jul 2Jul 312149.0%50.0%4198.0%118
$45.50Jul 2Jul 171945.0%47.0%4038.3%165
$41.00Jul 2Jul 103019.0%80.0%3673.7%124
$46.50Jul 2Jul 171702.0%47.0%3521.3%3139
$47.00Jul 2Jul 311579.0%49.0%3122.4%16142
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$41.00Jul 2Aug 73019.0%53.0%5596.2%1016
$45.50Jul 2Jul 171945.0%47.0%4038.3%--50
$46.50Jul 2Jul 171702.0%47.0%3521.3%431
$47.00Jul 2Jul 311579.0%49.0%3122.4%1586
$47.50Jul 2Jul 171453.0%46.0%3058.7%155.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 88 found (best R:R 19.00, avg 2.44)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$58.00$60.00Jul 31$0.10$1.90$0.1019.00$58.10
$52.00$53.00Jul 2$0.10$0.90$0.109.00$52.10
$55.00$56.00Jul 10$0.12$0.88$0.127.33$55.12
$55.00$56.00Jul 17$0.12$0.88$0.127.33$55.12
$54.00$55.00Jul 17$0.15$0.85$0.155.67$54.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$43.00$42.00Jul 24$0.11$0.89$0.118.09$42.89
$45.00$44.00Jul 24$0.18$0.82$0.184.56$44.82
$44.00$43.00Jul 31$0.19$0.81$0.194.26$43.81
$52.00$50.00Jul 24$0.40$1.60$0.404.00$51.60
$53.00$52.00Jul 24$0.20$0.80$0.204.00$52.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 105 found (best R:R 12.33, avg 1.44)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$43.00$45.00Jul 17$1.85$1.85$0.1512.33$44.85
$43.00$45.00Jul 24$1.83$1.83$0.1710.76$44.83
$47.00$48.00Jul 31$0.90$0.90$0.109.00$47.90
$42.00$43.00Jul 24$0.80$0.80$0.204.00$42.80
$47.00$47.50Jul 10$0.39$0.39$0.113.55$47.39
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$55.00$53.00Jul 10$1.83$1.83$0.1710.76$53.17
$53.00$52.00Jul 10$0.90$0.90$0.109.00$52.10
$55.00$54.00Jul 17$0.83$0.83$0.174.88$54.17
$52.50$52.00Jul 17$0.38$0.38$0.123.17$52.12
$52.00$51.00Jul 31$0.68$0.68$0.322.12$51.32

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 36 found (avg debit $0.53, cheapest $0.10)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$55.00Jul 2Jul 10$0.22502.0%51.0%
$45.00Jul 2Jul 10$0.25587.0%49.0%
$54.00Jul 2Jul 10$0.25451.0%46.0%
$44.00Jul 2Jul 10$0.28835.0%66.0%
$60.00Jul 17Jul 31$0.3648.0%52.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$45.00Jul 2Jul 10$0.10587.0%49.0%
$55.00Jul 10Jul 17$0.1051.0%44.0%
$43.50Jul 2Jul 10$0.14748.0%66.0%
$42.00Jul 2Jul 10$0.16912.0%81.0%
$44.00Jul 2Jul 10$0.18835.0%66.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 77 found (cheapest 1.01% of stock, avg 10.41%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$49.50Jul 2$0.48$0.03$0.51$48.99$50.011.01%
$50.00Jul 2$0.19$0.35$0.54$49.46$50.541.07%
$49.00Jul 2$0.93$0.42$1.35$47.65$50.352.69%
$51.00Jul 2$0.52$0.96$1.48$49.52$52.482.95%
$52.00Jul 2$0.11$2.05$2.16$49.84$54.164.30%
$48.50Jul 2$1.51$0.68$2.19$46.31$50.694.36%
$50.00Jul 10$1.51$1.29$2.80$47.20$52.805.57%
$51.00Jul 10$1.02$1.84$2.86$48.14$53.865.69%
$49.50Jul 10$1.79$1.20$2.99$46.51$52.495.95%
$48.00Jul 2$1.99$1.07$3.06$44.94$51.066.09%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 135 found (cheapest 1.05% of stock, avg 5.02%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$52.00$49.00Jul 2$0.11$0.42$0.53$48.47$52.53
$56.00$49.00Jul 2$0.30$0.42$0.72$48.28$56.72
$52.00$48.50Jul 2$0.11$0.68$0.79$47.71$52.79
$51.00$49.00Jul 2$0.52$0.42$0.94$48.06$51.94
$56.00$48.50Jul 2$0.30$0.68$0.98$47.52$56.98
$55.00$48.00Jul 10$0.23$0.77$1.00$47.00$56.00
$54.00$48.00Jul 10$0.26$0.77$1.03$46.97$55.03
$52.00$48.00Jul 2$0.11$1.07$1.18$46.82$53.18
$52.00$47.50Jul 2$0.11$1.07$1.18$46.32$53.18
$52.00$47.00Jul 2$0.11$1.07$1.18$45.82$53.18

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 69 found (best R:R 7.33, avg credit $0.80)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
46/4748/49Jul 31$0.88$0.127.33$46.12$48.88
50/5153/54Jul 31$0.88$0.127.33$50.12$53.88
46/4751/52Jul 31$0.85$0.155.67$46.15$51.85
45/4648/49Jul 31$0.83$0.174.88$45.17$48.83
45/4649/50Jul 24$0.82$0.184.56$45.18$49.82
44/4548/49Jul 31$0.81$0.194.26$44.19$48.81
46/4749/50Jul 31$0.81$0.194.26$46.19$49.81
45/4651/52Jul 31$0.80$0.204.00$45.20$51.80
49/5052/53Jul 31$0.80$0.204.00$49.20$52.80
43/4448/49Jul 31$0.79$0.213.76$43.21$48.79

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 63 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$49.00$50.00$51.00Jul 24$0.06$0.9415.67
$55.00$56.00$57.00Jul 17$0.07$0.9313.29
$51.00$52.00$53.00Jul 24$0.07$0.9313.29
$48.00$49.00$50.00Jul 31$0.07$0.9313.29
$50.00$51.00$52.00Aug 7$0.09$0.9110.11
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$45.00$46.00$47.00Jul 31$0.05$0.9519.00
$50.00$51.00$52.00Jul 10$0.06$0.9415.67
$41.00$42.00$43.00Jul 24$0.06$0.9415.67
$50.00$51.00$52.00Jul 31$0.09$0.9110.11
$43.00$44.00$45.00Jul 24$0.10$0.909.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 75 found (best net $-0.01, 65 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$58.00$60.001:2Jul 17-$0.01$1.99
$58.00$60.001:2Jul 31-$0.34$1.66
$56.00$57.001:2Jul 10-$0.07$0.93
$53.00$54.001:2Jul 10-$0.08$0.92
$58.00$59.001:2Jul 10-$0.11$0.89
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$49.00$47.001:2Jul 31-$0.69$1.31
$43.00$42.001:2Jul 24-$0.20$0.80
$42.00$41.001:2Jul 24-$0.21$0.79
$45.00$44.001:2Jul 10-$0.29$0.71
$45.00$44.001:2Jul 24-$0.32$0.68

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 38 found (best yield 4.80%, avg 1.71%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$51.00Jul 31$2.410.481.5%4.80%6.29%221
$51.00Aug 7$2.360.481.5%4.70%6.19%103
$51.00Jul 24$2.130.451.5%4.24%5.73%1110
$52.00Aug 7$1.950.433.5%3.88%7.36%23
$52.00Jul 31$1.830.433.5%3.64%7.12%219
$52.00Jul 24$1.710.403.5%3.40%6.89%1897
$53.00Jul 31$1.610.375.5%3.20%8.68%1265
$51.00Jul 17$1.410.451.5%2.81%4.30%319331
$53.00Jul 24$1.360.345.5%2.71%8.18%43.1K
$54.00Jul 31$1.330.337.5%2.65%10.11%--27

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 6,903
Total Puts 2,965
Put/Call Ratio 0.43
Net Difference 3,938

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 78,368
Total Puts 33,475
Average Put/Call Ratio 0.52
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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