Tour v292
LUV
SOUTHWEST AIRLS CO
$50.81 +1.11%
$51.00 (+0.37%)🌙
as of 07/06 06:02 PM
7/6 18:02

Option Volume

Detail
Current (07/06) 7,081
Calls: 4,055 (57%)
Puts: 3,026 (43%)
Prior (07/02) 9,868
Calls: 6,903 (70%)
Puts: 2,965 (30%)
Current vs Prior -28.24%
Calls: -41.26% (Calls)
Puts: +2.06% (Puts)
Prior 7-Day Total 73,199
Calls: 50,664 (69%)
Puts: 22,535 (31%)
Prior 7-Day Average 12,199
Calls: 7,237 (69%)
Puts: 3,219 (31%)
Current vs Prior 7-Day Avg -41.96%
Calls: -43.97%
Puts: -6.00%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/06) $1.24M
Calls: $921.0K (74%)
Puts: $322.5K (26%)
Prior (07/02) $4.29M
Calls: $3.79M (88%)
Puts: $500.6K (12%)
Current vs Prior -71.01%
Calls: -75.69%
Puts: -35.57%
Prior 7-Day Total $22.17M
Calls: $18.65M (84%)
Puts: $3.52M (16%)
Prior 7-Day Average $3.70M
Calls: $2.66M (84%)
Puts: $503.5K (16%)
Current vs Prior 7-Day Avg -66.35%
Calls: -65.43%
Puts: -35.94%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/06) 0.75
Prior (07/02) 0.43
Current vs Prior +73.74%
Prior 7-Day Average 0.46
Current vs Prior 7-Day Avg +60.69%
Sentiment NEUTRAL

Open Interest

Detail
Current (07/06) 247,321
Calls: 150,509 (61%)
Puts: 96,812 (39%)
Prior (07/02) 254,821
Calls: 156,199 (61%)
Puts: 98,622 (39%)
Current vs Prior -2.94%
Prior 7-Day Total 1,364,820
Calls: 832,308 (61%)
Puts: 532,512 (39%)
Prior 7-Day Average 227,470
Calls: 138,718 (61%)
Puts: 88,752 (39%)
Current vs Prior 7-Day Avg +8.73%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 6.16% | 7.77%7.77% | 16.28%
Prior 6.67% | 8.40%-- | --
Current vs Prior -7.60% | -7.43%-- | --
Prior 7-Day Avg 4.60% | 7.55%-- | --
Current vs 7-Day Avg +33.79% | +2.99%-- | --
Prior 7-Day Eod 6.67% | 8.40%-- | --
Current vs 7-Day Eod -7.60% | -7.43%-- | --
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 20.76% | 17.29%
Calls: 20.64% | 15.26%
Puts: 20.88% | 19.33%
Current vs 7-Day Avg -48.45% | -8.46%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 74% call dollar volume ($921.0K). Light premium activity with dollar volume down 71% vs prior. P/C ratio rising 74% - increased hedging/bearish positioning. Call-heavy open interest (150,509 calls vs 96,812 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 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 16 of results (avg 7.7%, best 4.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$51.00Jul 171.631.71$1.674.8%160.50639
$50.00Jul 172.112.25$2.186.4%880.607.2K
$49.00Jul 102.342.52$2.437.4%60.721.9K
$49.00Jul 313.804.10$3.957.6%100.6314
$49.00Jul 172.783.00$2.897.6%190.6876
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Jul 172.572.72$2.655.7%--0.63139
$52.00Jul 101.871.98$1.935.7%10.6336
$53.00Jul 172.923.10$3.016.0%--0.6820
$52.00Jul 313.203.45$3.337.5%1360.5422
$53.00Jul 243.603.95$3.789.3%--0.6067

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 8 found (avg $0.73, cheapest $0.48)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$53.00Jul 100.430.52$0.4818.8%1330.262.2K
$54.00Jul 170.570.65$0.6113.1%150.25530
$53.00Jul 170.830.92$0.8810.2%160.339.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Jul 170.490.59$0.5418.5%380.214.9K
$48.00Jul 170.600.71$0.6616.7%70.2433
$48.50Jul 170.730.84$0.7814.1%490.28127
$50.00Jul 100.831.00$0.9218.5%130.39273
$49.00Jul 170.871.05$0.9618.8%60.32507

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 70 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Jul 107.508.40$7.9511.3%31.007
$45.00Jul 105.256.80$6.0325.7%260.97115
$42.00Jul 108.159.95$9.0519.9%20.944
$46.00Jul 104.405.55$4.9723.1%60.9473
$41.00Jul 109.2010.95$10.0717.4%--0.9416
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$58.00Jul 106.358.65$7.5030.7%11.00--
$57.00Jul 105.907.35$6.6321.9%120.93--
$56.00Jul 104.356.45$5.4038.9%120.895
$55.00Jul 103.705.00$4.3529.9%--0.8821
$59.00Jul 107.309.80$8.5529.2%10.82--

Most actively traded options today. High liquidity = easy entry/exit. 136 active (total vol 4.2K, top 1.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$53.00Jul 241.591.88$1.7416.7%1.5K0.403.1K
$60.00Jul 240.210.42$0.3265.6%2220.118
$53.00Jul 100.430.52$0.4818.8%1330.262.2K
$52.00Jul 100.720.91$0.8223.2%1160.382.6K
$50.00Jul 172.112.25$2.186.4%880.607.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Jul 100.040.06$0.0540.0%4030.04119
$43.00Jul 170.010.36$0.19184.2%1400.075
$52.00Jul 313.203.45$3.337.5%1360.5422
$47.00Jul 100.170.28$0.2347.8%680.1287
$48.50Jul 170.730.84$0.7814.1%490.28127

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 39 strikes (avg 37.2%, max 155.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$59.00Jul 10Jul 31145.1%56.7%155.8%511
$42.00Jul 10Jul 31122.6%70.3%74.4%244
$45.50Jul 10Jul 1777.9%54.2%43.9%118
$56.00Jul 10Aug 1472.6%51.5%41.1%3659
$57.00Jul 10Jul 1769.8%51.1%36.4%4125
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$44.00Jul 10Aug 14115.8%48.4%139.3%414
$41.00Jul 10Aug 14141.4%59.6%137.4%630
$42.00Jul 10Aug 14122.6%56.7%116.1%835
$45.50Jul 10Jul 1777.9%54.2%43.9%231
$58.00Jul 10Aug 1467.7%48.5%39.5%7--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 86 found (best R:R 10.54, avg 2.41)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$58.00$60.00Jul 24$0.22$1.78$0.228.09$58.22
$54.00$55.00Jul 10$0.13$0.87$0.136.69$54.13
$56.00$57.00Jul 17$0.13$0.87$0.136.69$56.13
$59.00$60.00Jul 31$0.13$0.87$0.136.69$59.13
$55.00$56.00Jul 24$0.15$0.85$0.155.67$55.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$44.00$41.00Aug 7$0.26$2.74$0.2610.54$43.74
$47.00$46.00Aug 7$0.16$0.84$0.165.25$46.84
$46.00$45.00Jul 31$0.20$0.80$0.204.00$45.80
$49.00$48.00Aug 7$0.21$0.79$0.213.76$48.79
$48.50$48.00Jul 10$0.11$0.39$0.113.55$48.39

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 108 found (best R:R 7.33, avg 1.27)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$46.00$47.00Jul 24$0.88$0.88$0.127.33$46.88
$42.00$43.00Jul 24$0.84$0.84$0.165.25$42.84
$46.00$47.00Jul 31$0.83$0.83$0.174.88$46.83
$43.00$45.00Jul 24$1.61$1.61$0.394.13$44.61
$48.00$48.50Jul 17$0.40$0.40$0.104.00$48.40
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$58.00$57.00Jul 10$0.87$0.87$0.136.69$57.13
$55.00$53.00Jul 10$1.65$1.65$0.354.71$53.35
$55.00$54.00Jul 17$0.80$0.80$0.204.00$54.20
$53.00$52.00Jul 10$0.77$0.77$0.233.35$52.23
$54.00$53.00Jul 17$0.74$0.74$0.262.85$53.26

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 39 found (avg debit $0.30, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$58.00Jul 10Jul 17$0.0767.7%48.6%
$57.00Jul 10Jul 17$0.1269.8%51.1%
$56.00Jul 10Jul 17$0.1672.6%51.9%
$60.00Jul 17Jul 24$0.2157.1%57.0%
$42.00Jul 10Jul 24$0.22122.6%64.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$41.00Jul 10Jul 24$0.08141.4%71.7%
$45.50Jul 10Jul 17$0.1177.9%54.2%
$42.50Jul 10Jul 17$0.1867.0%71.6%
$43.00Jul 10Jul 17$0.1863.1%67.5%
$45.00Jul 10Jul 17$0.1866.4%56.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 63 found (cheapest 5.06% of stock, avg 11.21%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$51.00Jul 10$1.22$1.35$2.57$48.43$53.575.06%
$50.00Jul 10$1.78$0.92$2.70$47.30$52.705.31%
$52.00Jul 10$0.82$1.93$2.75$49.25$54.755.41%
$49.50Jul 10$2.09$0.74$2.83$46.67$52.335.57%
$49.00Jul 10$2.43$0.63$3.06$45.94$52.066.02%
$53.00Jul 10$0.48$2.70$3.18$49.82$56.186.26%
$48.50Jul 10$2.82$0.48$3.30$45.20$51.806.49%
$51.00Jul 17$1.67$1.77$3.44$47.56$54.446.77%
$50.00Jul 17$2.18$1.29$3.47$46.53$53.476.83%
$48.00Jul 10$3.22$0.37$3.59$44.41$51.597.07%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 1.57% of stock, avg 5.51%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$54.00$48.50Jul 10$0.32$0.48$0.80$47.70$54.80
$54.00$49.00Jul 10$0.32$0.63$0.95$48.05$54.95
$53.00$48.50Jul 10$0.48$0.48$0.96$47.54$53.96
$54.00$49.50Jul 10$0.32$0.74$1.06$48.44$55.06
$55.00$48.00Jul 17$0.44$0.66$1.10$46.90$56.10
$53.00$49.00Jul 10$0.48$0.63$1.11$47.89$54.11
$59.00$48.50Jul 10$0.70$0.48$1.18$47.32$60.18
$53.00$49.50Jul 10$0.48$0.74$1.22$48.28$54.22
$55.00$48.50Jul 17$0.44$0.78$1.22$47.28$56.22
$54.00$50.00Jul 10$0.32$0.92$1.24$48.76$55.24

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 84 found (best R:R 9.00, avg credit $0.81)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
45/4647/48Jul 31$0.90$0.109.00$45.10$47.90
45/4651/52Jul 24$0.89$0.118.09$45.11$51.89
48/4849/50Jul 24$0.88$0.127.33$47.62$49.88
50/5153/54Jul 31$0.88$0.127.33$50.12$53.88
45/4650/51Jul 24$0.87$0.136.69$45.13$50.87
49/5051/52Aug 7$0.87$0.136.69$49.13$51.87
46/4750/51Jul 31$0.86$0.146.14$46.14$50.86
42/4349/50Jul 24$0.84$0.165.25$42.16$49.84
47/4851/52Jul 24$0.84$0.165.25$46.66$51.84
49/5051/52Jul 31$0.84$0.165.25$49.16$51.84

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 55 found (best R:R 17.18, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$56.00$58.00$60.00Jul 24$0.11$1.8917.18
$51.00$52.00$53.00Jul 10$0.06$0.9415.67
$49.00$50.00$51.00Jul 31$0.06$0.9415.67
$52.00$53.00$54.00Jul 31$0.07$0.9313.29
$54.00$55.00$56.00Jul 17$0.08$0.9211.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$53.00$54.00$55.00Jul 17$0.06$0.9415.67
$44.00$45.00$46.00Aug 7$0.06$0.9415.67
$44.00$45.00$46.00Jul 31$0.10$0.909.00
$51.00$52.00$53.00Jul 24$0.11$0.898.09
$48.00$48.50$49.00Jul 17$0.06$0.447.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 73 found (best net $-0.16, 67 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$58.00$60.001:2Jul 17-$0.10$1.90
$58.00$60.001:2Jul 24-$0.10$1.90
$56.00$58.001:2Jul 24-$0.21$1.79
$56.00$58.001:2Jul 31-$0.37$1.63
$56.00$58.001:2Aug 7-$0.59$1.41
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$44.00$41.001:2Aug 7-$0.16$2.84
$49.00$47.001:2Jul 31-$0.58$1.42
$44.00$42.001:2Jul 31-$0.67$1.33
$55.00$53.001:2Jul 10-$1.05$0.95
$46.00$45.001:2Jul 24-$0.16$0.84

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 41 found (best yield 5.57%, avg 2.23%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$51.00Aug 7$2.830.520.4%5.57%5.94%16
$51.00Jul 31$2.610.520.4%5.14%5.51%121
$52.00Aug 14$2.560.482.3%5.04%7.38%2--
$51.00Jul 24$2.400.520.4%4.72%5.10%52111
$52.00Aug 7$2.400.472.3%4.72%7.07%32
$52.00Jul 31$2.230.462.3%4.39%6.73%--21
$52.00Jul 24$1.940.462.3%3.82%6.16%51109
$54.00Aug 14$1.870.396.3%3.68%9.96%2--
$53.00Jul 31$1.830.414.3%3.60%7.91%664
$51.00Jul 17$1.630.500.4%3.21%3.58%16639

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 4,055
Total Puts 3,026
Put/Call Ratio 0.75
Net Difference 1,029

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 50,664
Total Puts 22,535
Average Put/Call Ratio 0.46
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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