LUV - Options Database

LUV

SOUTHWEST AIRLS CO

$47.56 -0.75%

$47.60 (+0.08%)🌙

as of 07/14 06:07 PM

(7/13 18:02) ◀

Tuesday, July 14, 2026 (6:07pm)

▶ (7/15 18:12)

◀ 7/14 18:07 ▶

Option Volume

Detail

ℹ

Current (07/14) 12,463

Calls: 6,992 (56%)

Puts: 5,471 (44%)

Prior (07/13) 6,378

Calls: 3,994 (63%)

Puts: 2,384 (37%)

Current vs Prior +95.41%

Calls: +75.06% (Calls)

Puts: +129.49% (Puts)

Prior 7-Day Total 66,706

Calls: 40,921 (61%)

Puts: 25,785 (39%)

Prior 7-Day Average 9,529

Calls: 5,845 (61%)

Puts: 3,683 (39%)

Current vs Prior 7-Day Avg +30.78%

Calls: +19.61%

Puts: +48.52%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/14) $2.44M

Calls: $1.23M (51%)

Puts: $1.20M (49%)

Prior (07/13) $1.22M

Calls: $831.4K (68%)

Puts: $390.5K (32%)

Current vs Prior +99.31%

Calls: +48.51%

Puts: +207.45%

Prior 7-Day Total $18.03M

Calls: $14.41M (80%)

Puts: $3.61M (20%)

Prior 7-Day Average $2.58M

Calls: $2.06M (80%)

Puts: $516.4K (20%)

Current vs Prior 7-Day Avg -5.43%

Calls: -40.03%

Puts: +132.49%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/14) 0.78

Prior (07/13) 0.60

Current vs Prior +31.09%

Prior 7-Day Average 0.63

Current vs Prior 7-Day Avg +23.80%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (07/14) 247,425

Calls: 149,376 (60%)

Puts: 98,049 (40%)

Prior (07/13) 245,544

Calls: 148,190 (60%)

Puts: 97,354 (40%)

Current vs Prior +0.77%

Prior 7-Day Total 1,768,655

Calls: 1,081,113 (61%)

Puts: 687,542 (39%)

Prior 7-Day Average 252,665

Calls: 154,444 (61%)

Puts: 98,220 (39%)

Current vs Prior 7-Day Avg -2.07%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)

Current 3.97% | 8.60%3.97% | 12.55%

Prior 4.72% | 9.24%4.72% | 12.90%

Current vs Prior -15.74% | -6.98%-15.74% | -2.67%

Prior 7-Day Avg 5.89% | 8.12%6.56% | 13.98%

Current vs 7-Day Avg -32.57% | +5.89%-39.39% | -10.18%

Prior 7-Day Eod 4.72% | 9.24%4.72% | 12.90%

Current vs 7-Day Eod -15.74% | -6.98%-15.74% | -2.67%

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 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

Elevated premium activity with dollar volume up 99% vs prior. Above-average activity with volume up 95% vs prior. P/C ratio rising 31% - increased hedging/bearish positioning. Call-heavy open interest (149,376 calls vs 98,049 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

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Tightest Spreads

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Best Value <$1

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High Delta

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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 18 of results (avg 7.1%, best 4.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$46.00	Aug 7	3.35	3.55	$3.45	5.8%	2	0.62	2
$50.00	Aug 21	1.96	2.08	$2.02	5.9%	35	0.41	829
$47.00	Jul 31	2.53	2.69	$2.61	6.1%	--	0.56	13
$47.50	Aug 21	3.00	3.20	$3.10	6.5%	47	0.53	391
$48.00	Aug 7	2.30	2.48	$2.39	7.5%	11	0.50	9

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$50.00	Aug 21	4.20	4.40	$4.30	4.7%	70	0.59	360
$47.50	Aug 21	2.79	2.94	$2.87	5.2%	132	0.47	243
$48.50	Jul 24	2.36	2.49	$2.42	5.4%	--	0.56	119
$48.00	Jul 31	2.41	2.57	$2.49	6.4%	--	0.51	13
$45.00	Aug 21	1.76	1.89	$1.83	7.1%	7	0.34	112

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.76, cheapest $0.55)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$55.00	Aug 21	0.70	0.80	$0.75	13.3%	14	0.20	866

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$47.00	Jul 17	0.50	0.61	$0.55	20.0%	34	0.40	153
$43.00	Aug 7	0.78	0.92	$0.85	16.5%	15	0.21	7
$44.00	Jul 31	0.81	0.96	$0.89	16.9%	--	0.24	26

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 62 found (avg delta 0.74, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$40.00	Jul 17	6.70	7.80	$7.25	15.2%	2	1.00	528
$42.00	Jul 17	3.60	6.65	$5.13	59.5%	383	1.00	3
$42.50	Jul 17	4.70	5.20	$4.95	10.1%	379	1.00	862
$44.00	Jul 17	3.15	4.15	$3.65	27.4%	1	0.99	11
$42.00	Jul 24	5.35	7.25	$6.30	30.2%	--	0.92	300

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$56.00	Jul 17	7.45	9.05	$8.25	19.4%	1	0.99	1
$53.00	Jul 17	4.95	6.00	$5.48	19.2%	1	0.98	12
$55.00	Jul 17	7.35	7.90	$7.63	7.2%	1	0.98	305
$52.00	Jul 17	4.00	5.00	$4.50	22.2%	1	0.95	98
$52.50	Jul 17	4.35	5.60	$4.97	25.2%	3	0.94	145

Most actively traded options today. High liquidity = easy entry/exit. 122 active (total vol 6.5K, top 1.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$42.00	Jul 17	3.60	6.65	$5.13	59.5%	383	1.00	3
$42.50	Jul 17	4.70	5.20	$4.95	10.1%	379	1.00	862
$47.50	Jul 24	1.74	2.09	$1.92	18.2%	249	0.51	1
$49.00	Jul 24	1.26	1.44	$1.35	13.3%	160	0.40	136
$46.50	Jul 17	0.83	1.93	$1.38	79.7%	126	0.71	24

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$50.00	Jul 17	2.39	3.20	$2.80	28.9%	1.7K	0.86	2.3K
$49.00	Jul 17	1.07	2.28	$1.67	72.5%	500	0.76	1.1K
$44.00	Jul 17	0.01	0.10	$0.06	150.0%	368	0.06	338
$47.00	Jul 31	1.81	2.44	$2.13	29.6%	259	0.44	34
$46.00	Jul 17	0.06	0.40	$0.23	147.8%	167	0.21	439

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 28 strikes (avg 30.8%, max 90.6%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$54.00	Jul 17	Jul 31	99.0%	51.9%	90.6%	1	373
$55.00	Jul 17	Aug 21	79.9%	48.3%	65.3%	20	2.6K
$40.00	Jul 17	Aug 21	85.3%	51.7%	65.1%	2	545
$52.50	Jul 17	Aug 21	70.5%	48.9%	44.3%	1	1.0K
$42.50	Jul 17	Aug 21	72.4%	50.4%	43.8%	383	899

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$39.00	Jul 24	Aug 14	91.1%	54.7%	66.7%	3	5
$55.00	Jul 17	Aug 21	79.9%	48.3%	65.3%	1	367
$40.00	Jul 17	Aug 21	85.3%	51.7%	65.1%	1	725
$52.50	Jul 17	Aug 21	70.5%	48.9%	44.3%	5	362
$42.50	Jul 17	Aug 21	72.4%	50.4%	43.8%	67	2.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 86 found (best R:R 8.09, avg 2.25)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$54.00	$55.00	Jul 17	$0.11	$0.89	$0.11	8.09	$54.11
$52.00	$53.00	Jul 31	$0.11	$0.89	$0.11	8.09	$52.11
$53.00	$54.00	Jul 24	$0.12	$0.88	$0.12	7.33	$53.12
$50.00	$51.00	Jul 31	$0.12	$0.88	$0.12	7.33	$50.12
$52.00	$53.00	Jul 24	$0.13	$0.87	$0.13	6.69	$52.13

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$43.00	$39.00	Aug 7	$0.44	$3.56	$0.44	8.09	$42.56
$51.00	$50.00	Jul 31	$0.13	$0.87	$0.13	6.69	$50.87
$43.00	$39.00	Aug 14	$0.66	$3.34	$0.66	5.06	$42.34
$42.50	$40.00	Aug 21	$0.50	$2.00	$0.50	4.00	$42.00
$46.00	$45.00	Aug 7	$0.21	$0.79	$0.21	3.76	$45.79

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 100 found (best R:R 15.67, avg 1.50)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$40.00	$42.50	Aug 21	$2.35	$2.35	$0.15	15.67	$42.35
$43.00	$45.00	Jul 24	$1.85	$1.85	$0.15	12.33	$44.85
$45.00	$46.50	Jul 24	$1.38	$1.38	$0.12	11.50	$46.38
$42.00	$43.00	Jul 24	$0.85	$0.85	$0.15	5.67	$42.85
$42.00	$45.00	Jul 31	$2.53	$2.53	$0.47	5.38	$44.53

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$55.00	$52.50	Aug 21	$2.27	$2.27	$0.23	9.87	$52.73
$52.00	$51.00	Jul 24	$0.85	$0.85	$0.15	5.67	$51.15
$54.00	$53.00	Jul 17	$0.80	$0.80	$0.20	4.00	$53.20
$51.00	$50.00	Jul 24	$0.75	$0.75	$0.25	3.00	$50.25
$51.00	$50.00	Jul 17	$0.70	$0.70	$0.30	2.33	$50.30

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 42 found (avg debit $0.77, cheapest $0.11)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$56.00	Jul 17	Jul 24	$0.15	71.9%	67.2%
$55.00	Jul 17	Jul 24	$0.19	79.9%	66.6%
$57.00	Jul 17	Jul 24	$0.25	78.6%	80.8%
$53.00	Jul 17	Jul 24	$0.27	58.1%	58.8%
$52.00	Jul 17	Jul 24	$0.36	62.2%	58.4%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$39.00	Jul 24	Aug 7	$0.11	91.1%	65.1%
$42.00	Jul 17	Jul 24	$0.21	63.5%	59.1%
$40.00	Jul 17	Jul 24	$0.23	85.3%	77.6%
$41.00	Jul 24	Jul 31	$0.34	74.3%	73.5%
$55.00	Jul 17	Aug 21	$0.37	79.9%	48.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 58 found (cheapest 2.65% of stock, avg 10.22%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$47.50	Jul 17	$0.80	$0.46	$1.26	$46.24	$48.76	2.65%
$47.00	Jul 17	$1.03	$0.55	$1.58	$45.42	$48.58	3.32%
$48.00	Jul 17	$0.51	$1.09	$1.60	$46.40	$49.60	3.36%
$46.50	Jul 17	$1.38	$0.39	$1.77	$44.73	$48.27	3.72%
$48.50	Jul 17	$0.35	$1.55	$1.90	$46.60	$50.40	3.99%
$49.00	Jul 17	$0.31	$1.67	$1.98	$47.02	$50.98	4.16%
$46.00	Jul 17	$1.78	$0.23	$2.01	$43.99	$48.01	4.23%
$45.50	Jul 17	$2.24	$0.22	$2.46	$43.04	$47.96	5.17%
$45.00	Jul 17	$2.51	$0.21	$2.72	$42.28	$47.72	5.72%
$50.00	Jul 17	$0.15	$2.80	$2.95	$47.05	$52.95	6.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 132 found (cheapest 0.76% of stock, avg 5.14%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$50.00	$45.00	Jul 17	$0.15	$0.21	$0.36	$44.64	$50.36
$50.00	$45.50	Jul 17	$0.15	$0.22	$0.37	$45.13	$50.37
$50.00	$46.00	Jul 17	$0.15	$0.23	$0.38	$45.62	$50.38
$49.00	$45.00	Jul 17	$0.31	$0.21	$0.52	$44.48	$49.52
$49.00	$45.50	Jul 17	$0.31	$0.22	$0.53	$44.97	$49.53
$49.00	$46.00	Jul 17	$0.31	$0.23	$0.54	$45.46	$49.54
$50.00	$46.50	Jul 17	$0.15	$0.39	$0.54	$45.96	$50.54
$48.50	$45.00	Jul 17	$0.35	$0.21	$0.56	$44.44	$49.06
$48.50	$45.50	Jul 17	$0.35	$0.22	$0.57	$44.93	$49.07
$48.50	$46.00	Jul 17	$0.35	$0.23	$0.58	$45.42	$49.08

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 124 found (best R:R 15.67, avg credit $0.85)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
40/41	42/45	Jul 31	$2.82	$0.18	15.67	$38.18	$44.82
43/44	49/50	Jul 31	$0.90	$0.10	9.00	$43.10	$49.90
46/47	48/49	Aug 7	$0.84	$0.16	5.25	$46.16	$48.84
44/45	46/47	Aug 7	$0.83	$0.17	4.88	$44.17	$46.83
43/44	46/47	Aug 7	$0.82	$0.18	4.56	$43.18	$46.82
45/46	47/48	Jul 31	$0.81	$0.19	4.26	$45.19	$47.81
45/46	47/48	Aug 7	$0.81	$0.19	4.26	$45.19	$47.81
42/42	48/48	Jul 24	$0.40	$0.10	4.00	$42.10	$47.90
47/48	48/48	Jul 24	$0.40	$0.10	4.00	$47.10	$48.40
44/45	46/47	Jul 31	$0.80	$0.20	4.00	$44.20	$46.80

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 53 found (best R:R 19.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$52.00	$53.00	$54.00	Jul 31	$0.05	$0.95	19.00
$51.00	$53.00	$55.00	Aug 7	$0.10	$1.90	19.00
$51.00	$52.00	$53.00	Jul 24	$0.06	$0.94	15.67
$48.00	$49.00	$50.00	Jul 31	$0.07	$0.93	13.29
$53.00	$54.00	$55.00	Jul 31	$0.07	$0.93	13.29

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$50.00	$51.00	$52.00	Jul 24	$0.10	$0.90	9.00
$40.00	$42.50	$45.00	Aug 21	$0.27	$2.23	8.26
$42.50	$45.00	$47.50	Aug 21	$0.27	$2.23	8.26
$48.00	$48.50	$49.00	Jul 24	$0.07	$0.43	6.14
$45.00	$46.00	$47.00	Aug 14	$0.15	$0.85	5.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 74 found (best net $-0.30, 64 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$52.50	$55.00	1:2	Aug 21	-$0.23	$2.27
$47.00	$50.00	1:2	Aug 14	-$0.78	$2.22
$50.00	$52.50	1:2	Aug 21	-$0.52	$1.98
$51.00	$53.00	1:2	Aug 7	-$0.23	$1.77
$53.00	$55.00	1:2	Aug 14	-$0.24	$1.76

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$45.00	$42.00	1:2	Aug 28	-$0.30	$2.70
$50.00	$47.00	1:2	Aug 7	-$0.50	$2.50
$42.50	$40.00	1:2	Aug 21	-$0.06	$2.44
$45.00	$42.50	1:2	Aug 21	-$0.29	$2.21
$42.00	$40.00	1:2	Jul 17	-$0.02	$1.98

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 34 found (best yield 4.84%, avg 1.63%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$48.00	Aug 7	$2.30	0.50	0.9%	4.84%	5.76%	11	9
$50.00	Aug 21	$1.96	0.41	5.1%	4.12%	9.25%	35	829
$49.00	Aug 7	$1.86	0.44	3.0%	3.91%	6.94%	--	233
$48.00	Jul 24	$1.69	0.47	0.9%	3.55%	4.48%	5	361
$48.00	Jul 31	$1.60	0.49	0.9%	3.36%	4.29%	10	118
$49.00	Jul 31	$1.58	0.43	3.0%	3.32%	6.35%	2	22
$50.00	Aug 14	$1.58	0.39	5.1%	3.32%	8.45%	--	88
$48.50	Jul 24	$1.45	0.43	2.0%	3.05%	5.03%	6	101
$49.00	Jul 24	$1.26	0.40	3.0%	2.65%	5.68%	160	136
$50.00	Jul 31	$1.23	0.36	5.1%	2.59%	7.72%	5	95

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 6,992

Total Puts 5,471

Put/Call Ratio 0.78

Net Difference 1,521

Prior's Put/Call Breakdown

Total Calls 3,994

Total Puts 2,384

Put/Call Ratio 0.60

Net Difference 1,610

Prior 7-Day Put/Call Summary

Total Calls 40,921

Total Puts 25,785

Average Put/Call Ratio 0.63

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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