LUV - Options Database

LUV

SOUTHWEST AIRLS CO

$48.66 -1.56%

$48.57 (-0.18%)🌙

as of 07/08 06:02 PM

(7/7 18:02) ◀

Wednesday, July 8, 2026 (6:02pm)

▶ (7/9 18:02)

◀ 7/8 18:02 ▶

Option Volume

Detail

ℹ

Current (07/08) 14,910

Calls: 8,461 (57%)

Puts: 6,449 (43%)

Prior (07/07) 8,323

Calls: 5,313 (64%)

Puts: 3,010 (36%)

Current vs Prior +79.14%

Calls: +59.25% (Calls)

Puts: +114.25% (Puts)

Prior 7-Day Total 66,300

Calls: 45,027 (68%)

Puts: 21,273 (32%)

Prior 7-Day Average 9,471

Calls: 6,432 (68%)

Puts: 3,039 (32%)

Current vs Prior 7-Day Avg +57.42%

Calls: +31.54%

Puts: +112.21%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/08) $3.06M

Calls: $2.05M (67%)

Puts: $1.01M (33%)

Prior (07/07) $5.45M

Calls: $4.82M (89%)

Puts: $621.9K (11%)

Current vs Prior -43.77%

Calls: -57.45%

Puts: +62.36%

Prior 7-Day Total $24.32M

Calls: $21.17M (87%)

Puts: $3.15M (13%)

Prior 7-Day Average $3.47M

Calls: $3.02M (87%)

Puts: $449.8K (13%)

Current vs Prior 7-Day Avg -11.83%

Calls: -32.10%

Puts: +124.49%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/08) 0.76

Prior (07/07) 0.57

Current vs Prior +34.54%

Prior 7-Day Average 0.52

Current vs Prior 7-Day Avg +47.69%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (07/08) 253,947

Calls: 154,578 (61%)

Puts: 99,369 (39%)

Prior (07/07) 250,775

Calls: 152,974 (61%)

Puts: 97,801 (39%)

Current vs Prior +1.26%

Prior 7-Day Total 1,714,906

Calls: 1,038,526 (61%)

Puts: 676,380 (39%)

Prior 7-Day Average 244,986

Calls: 148,360 (61%)

Puts: 96,625 (39%)

Current vs Prior 7-Day Avg +3.66%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)

Current 4.48% | 6.91%6.91% | 14.24%

Prior 8.05% | 7.51%7.51% | 13.62%

Current vs Prior -44.36% | -8.00%-8.00% | +4.60%

Prior 7-Day Avg 5.41% | 7.80%7.64% | 14.95%

Current vs 7-Day Avg -17.18% | -11.50%-9.62% | -4.71%

Prior 7-Day Eod 8.05% | 7.51%-- | --

Current vs 7-Day Eod -44.36% | -8.00%-- | --

Sentiment BULLISHBULLISH

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 11.75% | 17.30%

Calls: 10.61% | 15.61%

Puts: 12.89% | 19.00%

Current vs 7-Day Avg -8.90% | -8.51%

Liquidity Expensive

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Moderately bullish flow with 67% call dollar volume ($2.05M). Above-average activity with volume up 79% vs prior. P/C ratio rising 35% - increased hedging/bearish positioning. Call-heavy open interest (154,578 calls vs 99,369 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

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⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 38 of results (avg 7.3%, best 3.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$47.50	Aug 21	4.05	4.25	$4.15	4.8%	15	0.59	33
$42.50	Jul 17	6.20	6.55	$6.38	5.5%	--	0.91	863
$47.00	Jul 31	3.60	3.85	$3.73	6.7%	8	0.63	11
$50.00	Aug 21	2.83	3.05	$2.94	7.5%	399	0.48	120
$47.50	Jul 10	1.63	1.76	$1.69	7.7%	5	0.68	3

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$52.00	Jul 24	4.40	4.55	$4.47	3.4%	--	0.67	87
$52.50	Aug 21	5.50	5.70	$5.60	3.6%	--	0.63	207
$51.00	Jul 24	3.75	3.90	$3.83	3.9%	20	0.62	38
$50.00	Aug 21	3.95	4.15	$4.05	4.9%	32	0.52	318
$51.00	Jul 31	3.90	4.10	$4.00	5.0%	--	0.60	21

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 8 found (avg $0.79, cheapest $0.45)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$50.00	Jul 10	0.41	0.49	$0.45	17.8%	47	0.30	779
$51.00	Jul 17	0.61	0.74	$0.68	19.1%	17	0.29	673
$49.00	Jul 10	0.74	0.89	$0.82	18.3%	62	0.45	2.0K
$50.00	Jul 17	0.89	1.04	$0.97	15.5%	212	0.38	7.3K
$54.00	Jul 31	0.89	1.05	$0.97	16.5%	--	0.25	28

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$48.00	Jul 10	0.60	0.72	$0.66	18.2%	51	0.39	182
$43.00	Jul 31	0.72	0.84	$0.78	15.4%	3	0.18	--
$44.00	Jul 31	0.92	1.06	$0.99	14.1%	12	0.22	12

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 80 found (avg delta 0.76, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$39.00	Jul 10	8.45	10.00	$9.23	16.8%	26	1.00	29
$40.00	Jul 10	7.45	9.25	$8.35	21.6%	8	1.00	22
$41.00	Jul 10	6.50	8.05	$7.28	21.3%	6	1.00	33
$42.50	Jul 10	5.00	6.55	$5.78	26.8%	5	1.00	5
$43.00	Jul 10	4.50	6.00	$5.25	28.6%	4	1.00	8

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$55.00	Jul 10	4.45	7.55	$6.00	51.7%	2	0.98	16
$54.00	Jul 10	5.05	6.55	$5.80	25.9%	1	0.95	7
$53.00	Jul 10	4.05	5.60	$4.82	32.2%	7	0.95	42
$57.00	Jul 10	8.00	9.45	$8.73	16.6%	1	0.93	12
$55.00	Jul 17	6.30	7.30	$6.80	14.7%	3	0.91	309

Most actively traded options today. High liquidity = easy entry/exit. 153 active (total vol 12.3K, top 3.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$52.00	Jul 24	1.22	1.45	$1.34	17.2%	1.5K	0.33	156
$53.00	Jul 24	0.94	1.08	$1.01	13.9%	1.0K	0.28	4.6K
$57.50	Jul 17	0.00	0.18	$0.09	200.0%	1.0K	0.05	1.0K
$49.00	Jul 17	1.32	1.48	$1.40	11.4%	652	0.48	97
$50.00	Aug 21	2.83	3.05	$2.94	7.5%	399	0.48	120

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$47.50	Jul 17	0.93	1.28	$1.11	31.5%	3.5K	0.37	4.9K
$50.00	Jul 17	2.18	2.32	$2.25	6.2%	513	0.62	1.8K
$44.00	Jul 17	0.19	0.39	$0.29	69.0%	382	0.12	97
$45.00	Jul 17	0.32	0.43	$0.38	28.9%	111	0.17	1.1K
$44.00	Jul 24	0.59	1.23	$0.91	70.3%	90	0.22	26

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 50 strikes (avg 51.4%, max 180.7%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$56.00	Jul 10	Aug 7	145.0%	51.7%	180.7%	2	119
$58.00	Jul 10	Jul 31	176.6%	72.2%	144.5%	--	48
$57.00	Jul 10	Jul 17	141.5%	60.0%	135.9%	57	129
$42.00	Jul 10	Jul 31	133.0%	64.4%	106.6%	7	50
$40.00	Jul 10	Aug 21	103.5%	52.2%	98.2%	13	32

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$42.00	Jul 10	Aug 14	133.0%	51.5%	158.1%	8	35
$40.00	Jul 10	Aug 21	103.5%	52.2%	98.2%	41	356
$39.00	Jul 10	Jul 17	115.6%	64.1%	80.3%	1	119
$41.00	Jul 10	Jul 31	109.0%	63.0%	72.8%	4	52
$55.00	Jul 10	Aug 21	84.2%	51.0%	65.1%	2	108

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 98 found (best R:R 11.50, avg 2.20)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$51.00	$52.00	Jul 10	$0.11	$0.89	$0.11	8.09	$51.11
$54.00	$55.00	Jul 24	$0.12	$0.88	$0.12	7.33	$54.12
$55.00	$56.00	Jul 24	$0.13	$0.87	$0.13	6.69	$55.13
$55.00	$56.00	Jul 31	$0.16	$0.84	$0.16	5.25	$55.16
$54.00	$55.00	Jul 31	$0.18	$0.82	$0.18	4.56	$54.18

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$42.00	$40.00	Jul 17	$0.16	$1.84	$0.16	11.50	$41.84
$42.00	$41.00	Jul 10	$0.11	$0.89	$0.11	8.09	$41.89
$45.50	$45.00	Jul 10	$0.10	$0.40	$0.10	4.00	$45.40
$55.00	$54.00	Jul 10	$0.20	$0.80	$0.20	4.00	$54.80
$42.00	$41.00	Jul 31	$0.21	$0.79	$0.21	3.76	$41.79

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 119 found (best R:R 9.00, avg 1.40)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$39.00	$42.00	Jul 31	$2.70	$2.70	$0.30	9.00	$41.70
$40.00	$42.50	Aug 21	$2.25	$2.25	$0.25	9.00	$42.25
$45.00	$46.00	Jul 10	$0.89	$0.89	$0.11	8.09	$45.89
$39.00	$40.00	Jul 10	$0.88	$0.88	$0.12	7.33	$39.88
$40.00	$42.50	Jul 17	$2.19	$2.19	$0.31	7.06	$42.19

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$55.00	$54.00	Jul 17	$0.82	$0.82	$0.18	4.56	$54.18
$51.00	$50.00	Jul 10	$0.81	$0.81	$0.19	4.26	$50.19
$52.50	$52.00	Jul 17	$0.38	$0.38	$0.12	3.17	$52.12
$51.00	$50.00	Jul 24	$0.72	$0.72	$0.28	2.57	$50.28
$55.00	$52.50	Aug 21	$1.80	$1.80	$0.70	2.57	$53.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 47 found (avg debit $0.52, cheapest $0.09)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$55.00	Jul 10	Jul 17	$0.15	84.2%	56.5%
$54.00	Jul 10	Jul 17	$0.18	86.1%	54.6%
$40.00	Jul 10	Jul 17	$0.22	103.5%	67.2%
$53.00	Jul 10	Jul 17	$0.25	72.6%	51.3%
$47.00	Jul 10	Jul 17	$0.32	78.8%	51.1%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$42.00	Jul 10	Jul 17	$0.09	133.0%	71.2%
$53.00	Jul 10	Jul 17	$0.13	72.6%	51.3%
$43.00	Jul 10	Jul 17	$0.16	81.9%	59.6%
$54.00	Jul 10	Jul 17	$0.18	86.1%	54.6%
$42.50	Jul 10	Jul 17	$0.21	84.8%	68.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 76 found (cheapest 3.99% of stock, avg 11.05%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$49.00	Jul 10	$0.82	$1.12	$1.94	$47.06	$50.94	3.99%
$48.00	Jul 10	$1.35	$0.66	$2.01	$45.99	$50.01	4.13%
$48.50	Jul 10	$1.06	$0.96	$2.02	$46.48	$50.52	4.15%
$49.50	Jul 10	$0.62	$1.41	$2.03	$47.47	$51.53	4.17%
$50.00	Jul 10	$0.45	$1.74	$2.19	$47.81	$52.19	4.50%
$47.50	Jul 10	$1.69	$0.56	$2.25	$45.25	$49.75	4.62%
$46.50	Jul 10	$2.36	$0.32	$2.68	$43.82	$49.18	5.51%
$47.00	Jul 10	$2.22	$0.48	$2.70	$44.30	$49.70	5.55%
$46.00	Jul 10	$2.53	$0.19	$2.72	$43.28	$48.72	5.59%
$51.00	Jul 10	$0.24	$2.55	$2.79	$48.21	$53.79	5.73%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 133 found (cheapest 0.92% of stock, avg 5.69%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$52.00	$46.50	Jul 10	$0.13	$0.32	$0.45	$46.05	$52.45
$51.00	$46.50	Jul 10	$0.24	$0.32	$0.56	$45.94	$51.56
$52.00	$47.00	Jul 10	$0.13	$0.48	$0.61	$46.39	$52.61
$52.00	$47.50	Jul 10	$0.13	$0.56	$0.69	$46.81	$52.69
$51.00	$47.00	Jul 10	$0.24	$0.48	$0.72	$46.28	$51.72
$50.00	$46.50	Jul 10	$0.45	$0.32	$0.77	$45.73	$50.77
$52.00	$48.00	Jul 10	$0.13	$0.66	$0.79	$47.21	$52.79
$51.00	$47.50	Jul 10	$0.24	$0.56	$0.80	$46.70	$51.80
$51.00	$48.00	Jul 10	$0.24	$0.66	$0.90	$47.10	$51.90
$50.00	$47.00	Jul 10	$0.45	$0.48	$0.93	$46.07	$50.93

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 136 found (best R:R 14.38, avg credit $0.83)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
41/42	45/47	Jul 24	$1.87	$0.13	14.38	$40.13	$46.87
40/41	42/45	Jul 31	$2.79	$0.21	13.29	$38.21	$44.79
40/42	42/44	Jul 17	$1.82	$0.18	10.11	$40.18	$44.32
46/47	48/49	Jul 31	$0.90	$0.10	9.00	$46.10	$48.90
47/48	49/50	Jul 31	$0.87	$0.13	6.69	$47.13	$49.87
49/50	51/52	Jul 31	$0.87	$0.13	6.69	$49.13	$51.87
41/42	43/45	Jul 24	$1.72	$0.28	6.14	$40.28	$44.72
44/45	46/47	Jul 31	$0.86	$0.14	6.14	$44.14	$46.86
45/46	47/48	Jul 31	$0.86	$0.14	6.14	$45.14	$47.86
50/51	52/53	Jul 31	$0.86	$0.14	6.14	$50.14	$52.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 67 found (best R:R 26.78, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$45.00	$47.50	$50.00	Aug 21	$0.09	$2.41	26.78
$39.00	$42.00	$45.00	Jul 31	$0.15	$2.85	19.00
$50.00	$51.00	$52.00	Jul 17	$0.06	$0.94	15.67
$53.00	$54.00	$55.00	Jul 31	$0.06	$0.94	15.67
$52.00	$53.00	$54.00	Jul 10	$0.07	$0.93	13.29

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$43.00	$44.00	$45.00	Jul 31	$0.05	$0.95	19.00
$46.00	$47.00	$48.00	Jul 31	$0.05	$0.95	19.00
$40.00	$42.50	$45.00	Aug 21	$0.14	$2.36	16.86
$47.00	$48.00	$49.00	Jul 31	$0.06	$0.94	15.67
$49.00	$50.00	$51.00	Jul 31	$0.06	$0.94	15.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 78 found (best net $-0.30, 76 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$46.00	$50.00	1:2	Aug 14	-$0.30	$3.70
$49.00	$52.00	1:2	Aug 7	-$0.26	$2.74
$45.00	$49.00	1:2	Aug 7	-$1.30	$2.70
$55.00	$57.50	1:2	Aug 21	-$0.40	$2.10
$52.50	$55.00	1:2	Aug 21	-$0.64	$1.86

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$49.00	$45.00	1:2	Aug 14	-$0.36	$3.64
$48.00	$45.00	1:2	Aug 7	-$0.23	$2.77
$42.50	$40.00	1:2	Aug 21	$0.00	$2.50
$45.00	$42.50	1:2	Aug 21	-$0.42	$2.08
$47.50	$45.00	1:2	Aug 21	-$0.86	$1.64

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 42 found (best yield 5.82%, avg 2.12%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$50.00	Aug 21	$2.83	0.48	2.8%	5.82%	8.57%	399	120
$49.00	Aug 7	$2.78	0.52	0.7%	5.71%	6.41%	3	3
$49.00	Jul 31	$2.54	0.51	0.7%	5.22%	5.92%	2	19
$50.00	Aug 14	$2.31	0.47	2.8%	4.75%	7.50%	--	12
$49.00	Jul 24	$2.25	0.50	0.7%	4.62%	5.32%	19	121
$50.00	Jul 31	$2.13	0.46	2.8%	4.38%	7.13%	1	63
$52.50	Aug 21	$1.90	0.37	7.9%	3.90%	11.80%	11	553
$49.50	Jul 24	$1.82	0.47	1.7%	3.74%	5.47%	3	--
$50.00	Jul 24	$1.81	0.44	2.8%	3.72%	6.47%	263	309
$51.00	Jul 31	$1.71	0.40	4.8%	3.51%	8.32%	--	22

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 8,461

Total Puts 6,449

Put/Call Ratio 0.76

Net Difference 2,012

Prior's Put/Call Breakdown

Total Calls 5,313

Total Puts 3,010

Put/Call Ratio 0.57

Net Difference 2,303

Prior 7-Day Put/Call Summary

Total Calls 45,027

Total Puts 21,273

Average Put/Call Ratio 0.52

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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