Tour v297
LUV
SOUTHWEST AIRLS CO
$49.43 -2.72%
$49.26 (-0.34%)🌙
as of 07/07 06:02 PM
7/7 18:02

Option Volume

Detail
Current (07/07) 8,323
Calls: 5,313 (64%)
Puts: 3,010 (36%)
Prior (07/06) 7,081
Calls: 4,055 (57%)
Puts: 3,026 (43%)
Current vs Prior +17.54%
Calls: +31.02% (Calls)
Puts: -0.53% (Puts)
Prior 7-Day Total 80,280
Calls: 54,719 (68%)
Puts: 25,561 (32%)
Prior 7-Day Average 11,468
Calls: 7,817 (68%)
Puts: 3,651 (32%)
Current vs Prior 7-Day Avg -27.43%
Calls: -32.03%
Puts: -17.57%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/07) $5.45M
Calls: $4.82M (89%)
Puts: $621.9K (11%)
Prior (07/06) $1.24M
Calls: $921.0K (74%)
Puts: $322.5K (26%)
Current vs Prior +337.99%
Calls: +423.85%
Puts: +92.81%
Prior 7-Day Total $23.42M
Calls: $19.57M (84%)
Puts: $3.85M (16%)
Prior 7-Day Average $3.35M
Calls: $2.80M (84%)
Puts: $549.6K (16%)
Current vs Prior 7-Day Avg +62.81%
Calls: +72.57%
Puts: +13.15%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/07) 0.57
Prior (07/06) 0.75
Current vs Prior -24.08%
Prior 7-Day Average 0.50
Current vs Prior 7-Day Avg +12.26%
Sentiment BULLISH

Open Interest

Detail
Current (07/07) 250,775
Calls: 152,974 (61%)
Puts: 97,801 (39%)
Prior (07/06) 247,321
Calls: 150,509 (61%)
Puts: 96,812 (39%)
Current vs Prior +1.40%
Prior 7-Day Total 1,612,141
Calls: 982,817 (61%)
Puts: 629,324 (39%)
Prior 7-Day Average 230,305
Calls: 140,402 (61%)
Puts: 89,903 (39%)
Current vs Prior 7-Day Avg +8.89%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 8.05% | 7.51%7.51% | 13.62%
Prior 6.16% | 7.77%7.77% | 16.28%
Current vs Prior +30.71% | -3.45%-3.45% | -16.35%
Prior 7-Day Avg 4.83% | 7.58%7.77% | 16.28%
Current vs 7-Day Avg +66.82% | -0.99%-3.45% | -16.35%
Prior 7-Day Eod 6.16% | 7.77%-- | --
Current vs 7-Day Eod +30.71% | -3.45%-- | --
Sentiment BEARISHBULLISH

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 19.32% | 17.08%
Calls: 19.03% | 15.26%
Puts: 19.61% | 18.91%
Current vs 7-Day Avg -44.62% | -7.34%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 89% of dollar volume in calls ($4.82M) vs puts ($621.9K). Massive premium surge with dollar volume up 338% vs prior. Dollar volume significantly above 7-day average (63% higher). Bullish P/C ratio of 0.57.

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 NEUTRAL
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 4.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Aug 214.354.65$4.506.7%240.6212
$48.00Jul 313.403.65$3.537.1%--0.6120
$49.00Jul 312.883.10$2.997.4%20.5518
$50.00Aug 213.053.30$3.187.9%180.51106
$48.50Jul 172.042.22$2.138.5%--0.61477
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Aug 214.955.15$5.054.0%1470.60142
$51.00Jul 313.453.60$3.534.2%80.5614
$50.00Aug 213.453.65$3.555.6%2100.49207
$50.00Jul 171.811.93$1.876.4%1540.541.8K
$48.00Jul 311.922.08$2.008.0%10.399

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.90, cheapest $0.78)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$57.50Aug 210.841.02$0.9319.4%480.21482
$51.00Jul 170.861.04$0.9518.9%490.36638
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Jul 170.720.85$0.7816.7%220.304.9K
$42.50Aug 210.830.95$0.8913.5%210.17351
$48.00Jul 170.901.02$0.9612.5%500.3439

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 79 found (avg delta 0.76, highest 1.01)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Jul 108.4510.55$9.5022.1%581.0123
$42.50Jul 105.908.10$7.0031.4%51.00--
$43.00Jul 105.407.20$6.3028.6%31.006
$43.50Jul 105.156.80$5.9827.6%81.004
$44.00Jul 104.506.20$5.3531.8%90.9914
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.00Jul 102.503.50$3.0033.3%--1.0035
$53.00Jul 102.595.00$3.8063.4%--1.0042
$55.00Jul 104.507.05$5.7844.1%51.0021
$56.00Jul 104.808.70$6.7557.8%--1.0012
$57.00Jul 105.808.20$7.0034.3%--1.0012

Most actively traded options today. High liquidity = easy entry/exit. 154 active (total vol 4.6K, top 406)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$41.50Jul 106.959.10$8.0326.8%4060.842
$42.00Jul 106.308.60$7.4530.9%4060.996
$49.00Jul 101.002.77$1.8993.7%1660.651.9K
$50.00Jul 171.271.40$1.349.7%1290.467.2K
$48.00Jul 100.663.50$2.08136.5%1160.76418
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 213.453.65$3.555.6%2100.49207
$46.50Jul 100.001.07$0.54198.1%1890.20269
$50.00Jul 171.811.93$1.876.4%1540.541.8K
$52.50Aug 214.955.15$5.054.0%1470.60142
$51.00Jul 172.102.86$2.4830.6%1360.641.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 45 strikes (avg 67.4%, max 249.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$45.50Jul 10Jul 17164.5%51.0%222.9%419
$58.00Jul 10Jul 31197.0%66.1%197.9%246
$57.00Jul 10Jul 31115.4%50.2%129.9%247
$46.50Jul 10Jul 17102.8%47.0%118.8%--41
$50.00Jul 10Aug 2192.5%49.9%85.3%35876
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$41.00Jul 10Aug 7204.2%58.5%249.0%632
$45.50Jul 10Jul 17164.5%51.0%222.9%2833
$47.50Jul 10Aug 21129.0%47.7%170.8%32455
$46.50Jul 10Jul 17102.8%47.0%118.8%191283
$50.00Jul 10Aug 2192.5%49.9%85.3%243485

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 91 found (best R:R 9.00, avg 2.53)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$53.00$54.00Jul 24$0.10$0.90$0.109.00$53.10
$56.00$57.00Jul 17$0.11$0.89$0.118.09$56.11
$56.00$57.00Jul 31$0.11$0.89$0.118.09$56.11
$55.00$56.00Aug 7$0.12$0.88$0.127.33$55.12
$50.00$51.00Jul 24$0.13$0.87$0.136.69$50.13
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$52.00$51.00Jul 31$0.11$0.89$0.118.09$51.89
$43.00$42.00Jul 24$0.12$0.88$0.127.33$42.88
$45.00$44.00Jul 24$0.13$0.87$0.136.69$44.87
$41.00$40.00Jul 31$0.14$0.86$0.146.14$40.86
$42.50$40.00Aug 21$0.38$2.12$0.385.58$42.12

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 115 found (best R:R 9.87, avg 1.45)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$42.50$45.00Jul 17$2.27$2.27$0.239.87$44.77
$40.00$42.50Aug 21$2.25$2.25$0.259.00$42.25
$42.00$43.00Jul 24$0.85$0.85$0.155.67$42.85
$42.00$45.00Jul 31$2.55$2.55$0.455.67$44.55
$40.00$44.00Aug 14$3.32$3.32$0.684.88$43.32
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$56.00$53.00Jul 24$2.60$2.60$0.406.50$53.40
$51.00$50.00Jul 10$0.85$0.85$0.155.67$50.15
$51.00$50.00Jul 31$0.83$0.83$0.174.88$50.17
$52.00$51.00Jul 17$0.81$0.81$0.194.26$51.19
$53.00$52.00Jul 10$0.80$0.80$0.204.00$52.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 36 found (avg debit $0.46, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$55.00Jul 10Jul 17$0.0874.5%50.5%
$53.00Jul 10Jul 17$0.0966.0%45.0%
$40.00Jul 10Jul 17$0.1095.2%72.3%
$45.00Jul 10Jul 17$0.1371.3%49.0%
$54.00Jul 10Jul 17$0.1960.8%49.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$40.00Jul 10Jul 17$0.0795.2%72.3%
$43.00Jul 10Jul 17$0.0773.0%50.6%
$42.50Jul 10Jul 17$0.1277.8%60.6%
$45.00Jul 10Jul 17$0.1771.3%49.0%
$44.00Jul 10Jul 17$0.1871.7%55.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 73 found (cheapest 5.20% of stock, avg 11.74%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$48.00Jul 10$2.08$0.49$2.57$45.43$50.575.20%
$49.00Jul 10$1.89$0.81$2.70$46.30$51.705.46%
$51.00Jul 10$0.42$2.51$2.93$48.07$53.935.93%
$47.00Jul 10$2.73$0.30$3.03$43.97$50.036.13%
$48.50Jul 10$1.86$1.20$3.06$45.44$51.566.19%
$50.00Jul 10$1.45$1.66$3.11$46.89$53.116.29%
$52.00Jul 10$0.18$3.00$3.18$48.82$55.186.43%
$49.00Jul 17$1.84$1.36$3.20$45.80$52.206.47%
$50.00Jul 17$1.34$1.87$3.21$46.79$53.216.49%
$48.50Jul 17$2.13$1.14$3.27$45.23$51.776.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 144 found (cheapest 1.36% of stock, avg 5.46%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$52.00$48.00Jul 10$0.18$0.49$0.67$47.33$52.67
$53.00$48.00Jul 10$0.27$0.49$0.76$47.24$53.76
$51.00$48.00Jul 10$0.42$0.49$0.91$47.09$51.91
$52.00$49.00Jul 10$0.18$0.81$0.99$48.01$52.99
$53.00$47.00Jul 17$0.36$0.66$1.02$45.98$54.02
$59.00$48.00Jul 10$0.57$0.49$1.06$46.94$60.06
$53.00$49.00Jul 10$0.27$0.81$1.08$47.92$54.08
$53.00$47.50Jul 17$0.36$0.78$1.14$46.36$54.14
$52.00$47.00Jul 17$0.55$0.66$1.21$45.79$53.21
$51.00$49.00Jul 10$0.42$0.81$1.23$47.77$52.23

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 144 found (best R:R 10.11, avg credit $0.85)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
40/4145/47Jul 24$1.82$0.1810.11$39.18$46.82
40/4142/45Jul 31$2.69$0.318.68$38.31$44.69
45/4652/53Jul 31$0.89$0.118.09$45.11$52.89
40/4143/44Jul 10$0.88$0.127.33$40.12$43.88
40/4144/45Jul 10$0.88$0.127.33$40.12$45.38
46/4749/50Jul 24$0.87$0.136.69$46.13$49.87
46/4752/53Jul 24$0.87$0.136.69$46.13$52.87
44/4552/53Jul 31$0.87$0.136.69$44.13$52.87
44/4551/52Jul 24$0.86$0.146.14$44.14$51.86
46/4748/49Jul 31$0.86$0.146.14$46.14$48.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 62 found (best R:R 15.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$55.00$56.00$57.00Jul 31$0.07$0.9313.29
$52.50$55.00$57.50Aug 21$0.22$2.2810.36
$48.00$49.00$50.00Jul 31$0.09$0.9110.11
$54.00$55.00$56.00Jul 10$0.10$0.909.00
$47.50$48.00$48.50Jul 17$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$42.00$43.00$44.00Jul 24$0.06$0.9415.67
$46.00$47.00$48.00Jul 31$0.06$0.9415.67
$42.50$45.00$47.50Aug 21$0.22$2.2810.36
$47.00$48.00$49.00Jul 31$0.09$0.9110.11
$49.00$50.00$51.00Jul 17$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. 84 found (best net $-0.36, 71 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$46.00$50.001:2Aug 14-$0.36$3.64
$55.00$57.501:2Aug 21-$0.42$2.08
$52.50$55.001:2Aug 21-$0.71$1.79
$56.00$58.001:2Jul 24-$0.39$1.61
$50.00$52.501:2Aug 21-$1.16$1.34
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$50.00$46.001:2Aug 7-$0.71$3.29
$42.50$40.001:2Aug 21-$0.13$2.37
$45.00$42.501:2Aug 21-$0.26$2.24
$47.50$45.001:2Aug 21-$0.67$1.83
$50.00$47.501:2Aug 21-$1.19$1.31

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 37 found (best yield 6.17%, avg 1.77%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$50.00Aug 21$3.050.511.1%6.17%7.32%18106
$50.00Aug 14$2.430.491.1%4.92%6.07%111
$50.00Jul 31$2.400.491.1%4.86%6.01%--63
$50.00Jul 24$2.110.501.1%4.27%5.42%11299
$52.50Aug 21$2.020.406.2%4.09%10.30%33572
$51.00Jul 31$1.950.443.2%3.94%7.12%122
$51.00Jul 24$1.680.453.2%3.40%6.57%15142
$52.00Jul 31$1.600.385.2%3.24%8.44%121
$52.00Aug 14$1.560.415.2%3.16%8.36%22
$55.00Aug 21$1.310.2911.3%2.65%13.92%8673

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 5,313
Total Puts 3,010
Put/Call Ratio 0.57
Net Difference 2,303

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 54,719
Total Puts 25,561
Average Put/Call Ratio 0.50
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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