LUV - Options Database

LUV

SOUTHWEST AIRLS CO

$49.22 +1.15%

(7/8 18:02) ◀

Thursday, July 9, 2026 (6:02pm)

▶ (7/10 18:02)

◀ 7/9 18:02 ▶

Option Volume

Detail

ℹ

Current (07/09) 8,453

Calls: 4,938 (58%)

Puts: 3,515 (42%)

Prior (07/08) 14,910

Calls: 8,461 (57%)

Puts: 6,449 (43%)

Current vs Prior -43.31%

Calls: -41.64% (Calls)

Puts: -45.50% (Puts)

Prior 7-Day Total 74,326

Calls: 49,180 (66%)

Puts: 25,146 (34%)

Prior 7-Day Average 10,618

Calls: 7,025 (66%)

Puts: 3,592 (34%)

Current vs Prior 7-Day Avg -20.39%

Calls: -29.72%

Puts: -2.15%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/09) $1.34M

Calls: $921.2K (69%)

Puts: $415.8K (31%)

Prior (07/08) $3.06M

Calls: $2.05M (67%)

Puts: $1.01M (33%)

Current vs Prior -56.35%

Calls: -55.13%

Puts: -58.81%

Prior 7-Day Total $24.27M

Calls: $20.54M (85%)

Puts: $3.73M (15%)

Prior 7-Day Average $3.47M

Calls: $2.93M (85%)

Puts: $532.9K (15%)

Current vs Prior 7-Day Avg -61.43%

Calls: -68.60%

Puts: -21.96%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/09) 0.71

Prior (07/08) 0.76

Current vs Prior -6.61%

Prior 7-Day Average 0.54

Current vs Prior 7-Day Avg +31.93%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (07/09) 256,296

Calls: 158,334 (62%)

Puts: 97,962 (38%)

Prior (07/08) 253,947

Calls: 154,578 (61%)

Puts: 99,369 (39%)

Current vs Prior +0.92%

Prior 7-Day Total 1,731,287

Calls: 1,051,598 (61%)

Puts: 679,689 (39%)

Prior 7-Day Average 247,326

Calls: 150,228 (61%)

Puts: 97,098 (39%)

Current vs Prior 7-Day Avg +3.63%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 5.91% | 7.17%7.17% | 13.71%

Prior 4.48% | 6.91%6.91% | 14.24%

Current vs Prior +31.97% | +3.86%+3.86% | -3.71%

Prior 7-Day Avg 5.27% | 7.55%7.39% | 14.71%

Current vs 7-Day Avg +12.18% | -5.01%-3.02% | -6.78%

Prior 7-Day Eod 4.48% | 6.91%-- | --

Current vs 7-Day Eod +31.97% | +3.86%-- | --

Sentiment BEARISHBEARISH

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 10.70% | 15.83%

Calls: 9.37% | 15.24%

Puts: 12.03% | 16.42%

Current vs 7-Day Avg +0.00% | +0.00%

Liquidity Expensive

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🤖 AI Insights

Moderately bullish flow with 69% call dollar volume ($921.2K). Light premium activity with dollar volume down 56% vs prior. Below-average activity with volume down 43% vs prior. Call-heavy open interest (158,334 calls vs 97,962 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 NEUTRAL

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

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🔥 High Volume

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📈 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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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 19 of results (avg 7.2%, best 2.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$45.00	Aug 21	5.85	6.15	$6.00	5.0%	--	0.73	69
$47.50	Aug 21	4.30	4.55	$4.43	5.6%	48	0.62	44
$50.00	Aug 21	3.00	3.20	$3.10	6.5%	15	0.50	508
$48.00	Aug 7	3.55	3.80	$3.68	6.8%	7	0.59	--
$52.50	Aug 21	2.04	2.19	$2.12	7.1%	4	0.39	558

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$52.50	Aug 21	5.05	5.20	$5.13	2.9%	--	0.61	207
$52.00	Jul 31	4.15	4.35	$4.25	4.7%	--	0.63	158
$50.00	Aug 21	3.55	3.75	$3.65	5.5%	18	0.50	316
$47.50	Aug 21	2.38	2.52	$2.45	5.7%	6	0.38	146
$55.00	Aug 21	6.70	7.15	$6.93	6.5%	--	0.71	92

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.93, cheapest $0.91)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$57.50	Aug 21	0.84	0.97	$0.91	14.3%	7	0.21	515

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$42.50	Aug 21	0.89	1.01	$0.95	12.6%	383	0.18	346

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 85 found (avg delta 0.76, highest 1.02)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$40.00	Jul 10	7.50	9.65	$8.57	25.1%	--	1.02	24
$42.50	Jul 10	4.90	7.65	$6.28	43.8%	--	1.01	10
$43.00	Jul 10	4.40	7.10	$5.75	47.0%	1	1.01	11
$43.50	Jul 10	5.20	6.60	$5.90	23.7%	9	1.01	11
$44.00	Jul 10	3.35	7.20	$5.28	72.9%	7	1.01	20

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$51.00	Jul 10	0.01	3.60	$1.81	198.3%	--	1.00	54
$52.00	Jul 10	2.68	4.80	$3.74	56.7%	--	1.00	34
$53.00	Jul 10	2.64	4.40	$3.52	50.0%	--	1.00	41
$55.00	Jul 10	3.80	7.75	$5.78	68.3%	--	1.00	17
$56.00	Jul 10	4.80	7.65	$6.23	45.7%	--	1.00	13

Most actively traded options today. High liquidity = easy entry/exit. 151 active (total vol 5.3K, top 1.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$50.00	Jul 17	1.00	1.35	$1.18	29.7%	1.3K	0.43	7.4K
$55.00	Jul 17	0.07	0.14	$0.11	63.6%	403	0.07	1.5K
$50.00	Jul 10	0.08	0.53	$0.31	145.2%	337	0.55	805
$55.00	Aug 14	0.96	3.20	$2.08	107.7%	300	0.33	6
$51.00	Jul 17	0.65	0.83	$0.74	24.3%	121	0.33	687

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$49.00	Jul 17	1.16	1.58	$1.37	30.7%	526	0.46	530
$42.50	Aug 21	0.89	1.01	$0.95	12.6%	383	0.18	346
$46.00	Jul 10	0.00	0.11	$0.06	183.3%	94	0.05	143
$47.00	Jul 10	0.01	0.22	$0.12	175.0%	92	0.10	126
$45.00	Jul 17	0.02	0.39	$0.21	176.2%	81	0.11	1.1K

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 115.9%, max 333.9%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$58.00	Jul 10	Jul 31	259.9%	59.9%	333.9%	--	48
$59.00	Jul 10	Jul 24	277.4%	71.8%	286.2%	1	10
$40.00	Jul 10	Aug 21	171.1%	54.7%	212.9%	5	39
$48.50	Jul 10	Jul 24	218.4%	74.0%	195.2%	--	1.1K
$50.00	Jul 10	Aug 21	130.0%	51.2%	154.0%	352	1.3K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$41.00	Jul 10	Aug 14	246.0%	78.5%	213.5%	6	32
$40.00	Jul 10	Aug 21	171.1%	54.7%	212.9%	28	386
$42.00	Jul 10	Aug 14	156.9%	51.6%	203.9%	6	37
$48.50	Jul 10	Jul 24	218.4%	74.0%	195.2%	5	130
$47.50	Jul 10	Aug 21	140.1%	49.1%	185.2%	19	455

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 79 found (best R:R 12.33, avg 2.59)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$53.00	$54.00	Jul 17	$0.10	$0.90	$0.10	9.00	$53.10
$58.00	$59.00	Jul 24	$0.10	$0.90	$0.10	9.00	$58.10
$56.00	$58.00	Jul 31	$0.22	$1.78	$0.22	8.09	$56.22
$40.00	$41.00	Jul 10	$0.12	$0.88	$0.12	7.33	$40.12
$50.00	$51.00	Jul 10	$0.12	$0.88	$0.12	7.33	$50.12

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$42.00	$40.00	Jul 17	$0.15	$1.85	$0.15	12.33	$41.85
$41.00	$40.00	Jul 10	$0.11	$0.89	$0.11	8.09	$40.89
$53.00	$52.00	Jul 24	$0.12	$0.88	$0.12	7.33	$52.88
$41.00	$40.00	Jul 24	$0.13	$0.87	$0.13	6.69	$40.87
$42.50	$40.00	Aug 21	$0.39	$2.11	$0.39	5.41	$42.11

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 99 found (best R:R 24.00, avg 1.48)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$40.00	$42.50	Jul 17	$2.40	$2.40	$0.10	24.00	$42.40
$48.00	$49.00	Jul 31	$0.86	$0.86	$0.14	6.14	$48.86
$45.00	$47.00	Jul 24	$1.70	$1.70	$0.30	5.67	$46.70
$40.00	$45.00	Aug 21	$4.00	$4.00	$1.00	4.00	$44.00
$41.50	$42.00	Jul 10	$0.38	$0.38	$0.12	3.17	$41.88

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$46.00	$45.00	Jul 31	$0.84	$0.84	$0.16	5.25	$45.16
$52.00	$50.00	Aug 7	$1.65	$1.65	$0.35	4.71	$50.35
$52.00	$51.00	Jul 17	$0.80	$0.80	$0.20	4.00	$51.20
$46.50	$46.00	Jul 17	$0.39	$0.39	$0.11	3.55	$46.11
$57.50	$55.00	Aug 21	$1.87	$1.87	$0.63	2.97	$55.63

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 48 found (avg debit $0.64, cheapest $0.07)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$55.00	Jul 10	Jul 17	$0.09	86.7%	49.5%
$56.00	Jul 10	Jul 17	$0.09	100.6%	56.1%
$57.00	Jul 10	Jul 17	$0.13	114.2%	66.3%
$54.00	Jul 10	Jul 17	$0.17	82.8%	51.6%
$43.50	Jul 10	Jul 17	$0.20	112.9%	63.2%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$40.00	Jul 10	Jul 17	$0.07	171.1%	78.6%
$43.00	Jul 10	Jul 17	$0.07	121.0%	55.9%
$44.00	Jul 10	Jul 17	$0.14	104.7%	55.6%
$44.50	Jul 10	Jul 17	$0.16	111.4%	53.9%
$42.50	Jul 10	Jul 17	$0.17	129.2%	71.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 79 found (cheapest 3.31% of stock, avg 11.50%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$50.00	Jul 10	$0.31	$1.32	$1.63	$48.37	$51.63	3.31%
$49.50	Jul 10	$0.77	$1.05	$1.82	$47.68	$51.32	3.70%
$51.00	Jul 10	$0.19	$1.81	$2.00	$49.00	$53.00	4.06%
$48.00	Jul 10	$1.70	$0.47	$2.17	$45.83	$50.17	4.41%
$49.00	Jul 10	$1.86	$0.65	$2.51	$46.49	$51.51	5.10%
$49.00	Jul 17	$1.63	$1.37	$3.00	$46.00	$52.00	6.10%
$46.00	Jul 10	$2.98	$0.06	$3.04	$42.96	$49.04	6.18%
$48.50	Jul 10	$1.60	$1.45	$3.05	$45.45	$51.55	6.20%
$50.00	Jul 17	$1.18	$1.90	$3.08	$46.92	$53.08	6.26%
$46.50	Jul 10	$3.03	$0.08	$3.11	$43.39	$49.61	6.32%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 157 found (cheapest 1.00% of stock, avg 6.03%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$53.00	$47.50	Jul 10	$0.05	$0.44	$0.49	$47.01	$53.49
$53.00	$48.00	Jul 10	$0.05	$0.47	$0.52	$47.48	$53.52
$52.00	$47.50	Jul 10	$0.14	$0.44	$0.58	$46.92	$52.58
$52.00	$48.00	Jul 10	$0.14	$0.47	$0.61	$47.39	$52.61
$51.00	$47.50	Jul 10	$0.19	$0.44	$0.63	$46.87	$51.63
$51.00	$48.00	Jul 10	$0.19	$0.47	$0.66	$47.34	$51.66
$53.00	$49.00	Jul 10	$0.05	$0.65	$0.70	$48.30	$53.70
$52.00	$49.00	Jul 10	$0.14	$0.65	$0.79	$48.21	$52.79
$51.00	$49.00	Jul 10	$0.19	$0.65	$0.84	$48.16	$51.84
$59.00	$47.50	Jul 10	$0.47	$0.44	$0.91	$46.59	$59.91

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 102 found (best R:R 10.76, avg credit $0.92)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
40/41	45/47	Jul 24	$1.83	$0.17	10.76	$39.17	$46.83
43/44	52/53	Jul 31	$0.90	$0.10	9.00	$43.10	$52.90
43/44	51/52	Jul 31	$0.89	$0.11	8.09	$43.11	$51.89
45/46	55/56	Aug 7	$0.89	$0.11	8.09	$45.11	$55.89
46/47	48/49	Aug 7	$0.89	$0.11	8.09	$46.11	$48.89
45/46	48/50	Aug 14	$1.74	$0.26	6.69	$44.26	$49.74
46/47	49/50	Jul 24	$0.86	$0.14	6.14	$46.14	$49.86
46/47	48/48	Jul 24	$0.85	$0.15	5.67	$46.15	$48.85
49/50	51/52	Jul 24	$0.85	$0.15	5.67	$49.15	$51.85
42/43	47/48	Jul 24	$0.84	$0.16	5.25	$42.16	$47.84

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 49 found (best R:R 34.71, cheapest $0.06)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$52.00	$53.00	$54.00	Jul 24	$0.06	$0.94	15.67
$50.00	$51.00	$52.00	Jul 10	$0.07	$0.93	13.29
$47.00	$48.00	$49.00	Aug 7	$0.07	$0.93	13.29
$52.00	$53.00	$54.00	Jul 10	$0.08	$0.92	11.50
$45.00	$47.50	$50.00	Aug 21	$0.24	$2.26	9.42

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$52.50	$55.00	$57.50	Aug 21	$0.07	$2.43	34.71
$49.00	$50.00	$51.00	Jul 24	$0.09	$0.91	10.11
$40.00	$42.50	$45.00	Aug 21	$0.23	$2.27	9.87
$49.00	$50.00	$51.00	Jul 17	$0.10	$0.90	9.00
$42.50	$45.00	$47.50	Aug 21	$0.26	$2.24	8.62

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 81 found (best net $-0.70, 67 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$49.00	$53.00	1:2	Aug 7	-$0.76	$3.24
$40.00	$45.00	1:2	Aug 21	-$2.00	$3.00
$55.00	$57.50	1:2	Aug 21	-$0.43	$2.07
$52.50	$55.00	1:2	Aug 21	-$0.66	$1.84
$56.00	$58.00	1:2	Jul 31	-$0.26	$1.74

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$50.00	$46.00	1:2	Aug 14	-$0.70	$3.30
$42.50	$40.00	1:2	Aug 21	-$0.17	$2.33
$45.00	$42.50	1:2	Aug 21	-$0.33	$2.17
$47.50	$45.00	1:2	Aug 21	-$0.69	$1.81
$50.00	$47.50	1:2	Aug 21	-$1.25	$1.25

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 37 found (best yield 6.10%, avg 2.22%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$50.00	Aug 21	$3.00	0.50	1.6%	6.10%	7.68%	15	508
$50.00	Aug 14	$2.58	0.49	1.6%	5.24%	6.83%	15	12
$50.00	Jul 31	$2.22	0.47	1.6%	4.51%	6.10%	20	64
$49.50	Jul 24	$2.20	0.51	0.6%	4.47%	5.04%	1	3
$51.00	Aug 14	$2.14	0.46	3.6%	4.35%	7.96%	1	--
$52.50	Aug 21	$2.04	0.39	6.7%	4.14%	10.81%	4	558
$50.00	Jul 24	$1.99	0.48	1.6%	4.04%	5.63%	9	400
$52.00	Aug 14	$1.83	0.38	5.7%	3.72%	9.37%	10	1
$51.00	Jul 31	$1.76	0.42	3.6%	3.58%	7.19%	15	22
$51.00	Jul 24	$1.57	0.41	3.6%	3.19%	6.81%	11	145

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 4,938

Total Puts 3,515

Put/Call Ratio 0.71

Net Difference 1,423

Prior's Put/Call Breakdown

Total Calls 8,461

Total Puts 6,449

Put/Call Ratio 0.76

Net Difference 2,012

Prior 7-Day Put/Call Summary

Total Calls 49,180

Total Puts 25,146

Average Put/Call Ratio 0.54

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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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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