LUV - Options Database

LUV

SOUTHWEST AIRLS CO

$49.25 +3.55%

$48.86 (-0.79%)🌙

as of 07/15 06:12 PM

(7/14 18:07) ◀

Wednesday, July 15, 2026 (6:12pm)

▶ (7/16 18:03)

◀ 7/15 18:12 ▶

Option Volume

Detail

ℹ

Current (07/15) 13,717

Calls: 6,903 (50%)

Puts: 6,814 (50%)

Prior (07/14) 12,463

Calls: 6,992 (56%)

Puts: 5,471 (44%)

Current vs Prior +10.06%

Calls: -1.27% (Calls)

Puts: +24.55% (Puts)

Prior 7-Day Total 69,301

Calls: 41,010 (59%)

Puts: 28,291 (41%)

Prior 7-Day Average 9,900

Calls: 5,858 (59%)

Puts: 4,041 (41%)

Current vs Prior 7-Day Avg +38.55%

Calls: +17.83%

Puts: +68.60%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/15) $3.23M

Calls: $1.43M (44%)

Puts: $1.80M (56%)

Prior (07/14) $2.44M

Calls: $1.23M (51%)

Puts: $1.20M (49%)

Current vs Prior +32.48%

Calls: +15.89%

Puts: +49.53%

Prior 7-Day Total $16.17M

Calls: $11.86M (73%)

Puts: $4.32M (27%)

Prior 7-Day Average $2.31M

Calls: $1.69M (73%)

Puts: $616.4K (27%)

Current vs Prior 7-Day Avg +39.64%

Calls: -15.53%

Puts: +191.25%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/15) 0.99

Prior (07/14) 0.78

Current vs Prior +26.15%

Prior 7-Day Average 0.68

Current vs Prior 7-Day Avg +44.63%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (07/15) 129,703

Calls: 88,172 (68%)

Puts: 41,531 (32%)

Prior (07/14) 247,425

Calls: 149,376 (60%)

Puts: 98,049 (40%)

Current vs Prior -47.58%

Prior 7-Day Total 1,761,259

Calls: 1,074,290 (61%)

Puts: 686,969 (39%)

Prior 7-Day Average 251,608

Calls: 153,470 (61%)

Puts: 98,138 (39%)

Current vs Prior 7-Day Avg -48.45%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 5.44% | 8.59%5.44% | 12.57%

Prior 3.97% | 8.60%3.97% | 12.55%

Current vs Prior +36.93% | -0.13%+36.93% | +0.13%

Prior 7-Day Avg 5.51% | 8.15%6.19% | 13.77%

Current vs 7-Day Avg -1.21% | +5.38%-12.05% | -8.74%

Prior 7-Day Eod 3.97% | 8.60%3.97% | 12.55%

Current vs 7-Day Eod +36.93% | -0.13%+36.93% | +0.13%

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

Call-heavy open interest (88,172 calls vs 41,531 puts) suggests bullish positioning. Declining open interest (down 48%) indicates positions being closed.

Smart Money BEARISH

Retail Flow NEUTRAL

Overall MIXED

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Current NEUTRAL

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

📈 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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

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 16 of results (avg 7.4%, best 4.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$47.50	Aug 21	4.05	4.25	$4.15	4.8%	52	0.62	401
$50.00	Aug 21	2.76	2.92	$2.84	5.6%	161	0.50	848
$52.50	Aug 21	1.77	1.88	$1.83	6.0%	50	0.37	571
$47.00	Jul 31	3.55	3.80	$3.68	6.8%	2	0.67	13
$45.00	Aug 28	5.70	6.20	$5.95	8.4%	2	0.71	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$52.50	Aug 21	4.75	5.00	$4.88	5.1%	24	0.63	215
$50.00	Aug 21	3.25	3.45	$3.35	6.0%	112	0.50	349
$47.50	Aug 21	2.10	2.25	$2.17	6.9%	52	0.38	186
$50.00	Jul 31	2.56	2.75	$2.66	7.1%	29	0.53	196
$46.00	Jul 24	0.76	0.82	$0.79	7.6%	64	0.25	69

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.86, cheapest $0.79)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$52.00	Jul 24	0.86	1.00	$0.93	15.1%	542	0.30	1.6K

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$46.00	Jul 24	0.76	0.82	$0.79	7.6%	64	0.25	69

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 43 found (avg delta 0.75, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$41.00	Jul 17	7.55	8.70	$8.13	14.1%	7	0.99	9
$40.00	Jul 17	8.45	9.60	$9.02	12.7%	9	0.99	528
$42.00	Jul 17	6.55	8.00	$7.28	19.9%	1	0.97	83
$43.00	Jul 17	5.50	6.75	$6.13	20.4%	2	0.97	4
$44.50	Jul 17	4.10	5.00	$4.55	19.8%	5	0.96	77

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$55.00	Jul 17	5.35	7.30	$6.32	30.9%	1	1.00	267
$52.00	Jul 17	2.63	3.45	$3.04	27.0%	7	0.90	99
$55.00	Jul 24	5.70	6.85	$6.28	18.3%	1	0.86	8
$51.00	Jul 17	1.67	2.58	$2.13	42.7%	3	0.81	1.1K
$52.00	Aug 7	3.85	4.30	$4.08	11.0%	1	0.63	--

Most actively traded options today. High liquidity = easy entry/exit. 143 active (total vol 7.4K, top 1.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$51.00	Jul 24	1.11	1.46	$1.29	27.1%	1.6K	0.38	2.1K
$49.00	Jul 17	0.79	1.17	$0.98	38.8%	1.1K	0.56	795
$47.50	Jul 17	1.52	2.30	$1.91	40.8%	721	0.78	1.2K
$52.00	Jul 24	0.86	1.00	$0.93	15.1%	542	0.30	1.6K
$51.00	Jul 31	1.50	1.70	$1.60	12.5%	234	0.41	44

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$47.50	Jul 17	0.16	0.44	$0.30	93.3%	250	0.22	2.6K
$50.00	Jul 17	1.11	2.29	$1.70	69.4%	208	0.62	1.1K
$48.50	Jul 24	1.29	1.77	$1.53	31.4%	116	0.43	119
$50.00	Aug 21	3.25	3.45	$3.35	6.0%	112	0.50	349
$49.00	Jul 24	1.69	2.38	$2.04	33.8%	93	0.47	190

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 31 strikes (avg 41.0%, max 128.4%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$40.00	Jul 17	Aug 21	130.2%	57.0%	128.4%	11	528
$56.00	Jul 17	Aug 28	97.0%	45.1%	115.1%	5	671
$54.00	Jul 17	Aug 7	94.9%	52.5%	80.7%	11	6
$43.00	Jul 17	Jul 31	100.3%	58.8%	70.6%	3	4
$45.00	Jul 17	Aug 28	77.6%	53.6%	44.8%	11	1.1K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$40.00	Jul 17	Aug 28	130.2%	60.7%	114.7%	7	1
$44.00	Jul 17	Jul 31	109.9%	54.0%	103.4%	15	26
$43.50	Jul 24	Jul 31	90.0%	57.9%	55.3%	9	--
$42.50	Jul 24	Aug 21	78.3%	51.1%	53.3%	56	308
$43.00	Jul 24	Aug 28	75.0%	49.4%	51.7%	16	418

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 71 found (best R:R 35.36, avg 2.99)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$53.00	$55.00	Aug 28	$0.19	$1.81	$0.19	9.53	$53.19
$51.00	$52.00	Jul 17	$0.11	$0.89	$0.11	8.09	$51.11
$54.00	$55.00	Jul 17	$0.14	$0.86	$0.14	6.14	$54.14
$54.00	$55.00	Jul 31	$0.16	$0.84	$0.16	5.25	$54.16
$54.00	$55.00	Jul 24	$0.17	$0.83	$0.17	4.88	$54.17

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$44.00	$40.00	Jul 17	$0.11	$3.89	$0.11	35.36	$43.89
$43.00	$41.00	Aug 28	$0.15	$1.85	$0.15	12.33	$42.85
$42.50	$40.00	Aug 21	$0.23	$2.27	$0.23	9.87	$42.27
$42.00	$41.00	Jul 31	$0.17	$0.83	$0.17	4.88	$41.83
$41.00	$40.00	Aug 14	$0.19	$0.81	$0.19	4.26	$40.81

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 82 found (best R:R 8.09, avg 1.06)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$40.00	$41.00	Jul 17	$0.89	$0.89	$0.11	8.09	$40.89
$41.00	$42.00	Jul 17	$0.85	$0.85	$0.15	5.67	$41.85
$43.00	$45.50	Jul 31	$1.92	$1.92	$0.58	3.31	$44.92
$43.00	$45.00	Jul 24	$1.48	$1.48	$0.52	2.85	$44.48
$49.50	$50.00	Jul 24	$0.37	$0.37	$0.13	2.85	$49.87

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$55.00	$51.00	Jul 24	$3.27	$3.27	$0.73	4.48	$51.73
$43.50	$43.00	Jul 24	$0.36	$0.36	$0.14	2.57	$43.14
$42.00	$41.00	Aug 14	$0.71	$0.71	$0.29	2.45	$41.29
$51.00	$50.00	Jul 24	$0.64	$0.64	$0.36	1.78	$50.36
$52.50	$50.00	Aug 21	$1.53	$1.53	$0.97	1.58	$50.97

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 34 found (avg debit $0.78, cheapest $0.07)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$43.00	Jul 17	Jul 24	$0.07	100.3%	75.0%
$55.00	Jul 17	Jul 24	$0.33	66.4%	64.4%
$56.00	Jul 17	Jul 24	$0.35	97.0%	74.8%
$54.00	Jul 17	Jul 24	$0.36	94.9%	66.2%
$45.00	Jul 17	Jul 24	$0.64	77.6%	69.9%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$41.00	Jul 24	Jul 31	$0.08	79.1%	65.2%
$43.00	Jul 24	Aug 7	$0.08	75.0%	51.5%
$40.00	Jul 17	Jul 24	$0.15	130.2%	85.9%
$44.50	Jul 17	Jul 24	$0.32	82.2%	61.7%
$44.00	Jul 17	Jul 24	$0.37	109.9%	74.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 35 found (cheapest 3.43% of stock, avg 9.80%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$49.00	Jul 17	$0.98	$0.71	$1.69	$47.31	$50.69	3.43%
$48.50	Jul 17	$1.26	$0.45	$1.71	$46.79	$50.21	3.47%
$48.00	Jul 17	$1.72	$0.47	$2.19	$45.81	$50.19	4.45%
$47.50	Jul 17	$1.91	$0.30	$2.21	$45.29	$49.71	4.49%
$50.00	Jul 17	$0.56	$1.70	$2.26	$47.74	$52.26	4.59%
$51.00	Jul 17	$0.20	$2.13	$2.33	$48.67	$53.33	4.73%
$47.00	Jul 17	$2.31	$0.14	$2.45	$44.55	$49.45	4.97%
$46.50	Jul 17	$2.34	$0.22	$2.56	$43.94	$49.06	5.20%
$52.00	Jul 17	$0.09	$3.04	$3.13	$48.87	$55.13	6.36%
$48.50	Jul 24	$2.44	$1.53	$3.97	$44.53	$52.47	8.06%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 156 found (cheapest 0.63% of stock, avg 4.66%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$52.00	$46.50	Jul 17	$0.09	$0.22	$0.31	$46.19	$52.31
$52.50	$46.50	Jul 17	$0.11	$0.22	$0.33	$46.17	$52.83
$54.00	$46.50	Jul 17	$0.15	$0.22	$0.37	$46.13	$54.37
$52.00	$47.50	Jul 17	$0.09	$0.30	$0.39	$47.11	$52.39
$52.50	$47.50	Jul 17	$0.11	$0.30	$0.41	$47.09	$52.91
$51.00	$46.50	Jul 17	$0.20	$0.22	$0.42	$46.08	$51.42
$54.00	$47.50	Jul 17	$0.15	$0.30	$0.45	$47.05	$54.45
$51.00	$47.50	Jul 17	$0.20	$0.30	$0.50	$47.00	$51.50
$52.00	$48.50	Jul 17	$0.09	$0.45	$0.54	$47.96	$52.54
$52.50	$48.50	Jul 17	$0.11	$0.45	$0.56	$47.94	$53.06

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 126 found (best R:R 9.00, avg credit $0.96)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
46/47	48/49	Jul 31	$1.35	$0.15	9.00	$45.65	$48.85
48/48	50/51	Jul 24	$0.89	$0.11	8.09	$47.11	$50.89
50/51	52/53	Jul 24	$0.88	$0.12	7.33	$50.12	$52.88
45/46	51/52	Jul 31	$0.88	$0.12	7.33	$45.12	$51.88
48/49	51/52	Jul 24	$0.87	$0.13	6.69	$48.13	$51.87
48/49	50/51	Jul 24	$0.85	$0.15	5.67	$48.15	$50.85
41/42	43/46	Jul 31	$2.09	$0.41	5.10	$39.91	$45.09
50/51	53/54	Jul 24	$0.82	$0.18	4.56	$50.18	$53.82
41/42	48/49	Jul 31	$1.23	$0.27	4.56	$40.77	$48.73
42/42	43/45	Jul 24	$1.63	$0.37	4.41	$40.37	$44.63

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 43 found (best R:R 15.67, cheapest $0.06)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$49.00	$50.00	$51.00	Jul 17	$0.06	$0.94	15.67
$52.00	$53.00	$54.00	Jul 24	$0.06	$0.94	15.67
$50.00	$51.00	$52.00	Jul 31	$0.06	$0.94	15.67
$54.00	$55.00	$56.00	Aug 7	$0.10	$0.90	9.00
$52.50	$55.00	$57.50	Aug 21	$0.25	$2.25	9.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$45.00	$46.00	$47.00	Aug 7	$0.07	$0.93	13.29
$42.50	$45.00	$47.50	Aug 21	$0.30	$2.20	7.33
$45.00	$47.50	$50.00	Aug 21	$0.31	$2.19	7.06
$40.00	$42.50	$45.00	Aug 21	$0.34	$2.16	6.35
$42.00	$42.50	$43.00	Jul 24	$0.07	$0.43	6.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 80 found (best net $-0.17, 68 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$40.00	$45.00	1:2	Aug 21	-$2.52	$2.48
$50.00	$53.00	1:2	Aug 28	-$0.59	$2.41
$55.00	$57.50	1:2	Aug 21	-$0.20	$2.30
$45.00	$48.00	1:2	Jul 24	-$0.86	$2.14
$52.50	$55.00	1:2	Aug 21	-$0.41	$2.09

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$50.00	$47.00	1:2	Aug 7	-$0.17	$2.83
$43.00	$40.00	1:2	Aug 7	-$0.29	$2.71
$45.00	$42.50	1:2	Aug 21	-$0.16	$2.34
$42.50	$40.00	1:2	Aug 21	-$0.27	$2.23
$47.50	$45.00	1:2	Aug 21	-$0.43	$2.07

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 36 found (best yield 5.60%, avg 2.06%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$50.00	Aug 21	$2.76	0.50	1.5%	5.60%	7.13%	161	848
$50.00	Aug 28	$2.68	0.49	1.5%	5.44%	6.96%	2	--
$50.00	Aug 14	$2.40	0.49	1.5%	4.87%	6.40%	1	88
$50.00	Aug 7	$2.24	0.49	1.5%	4.55%	6.07%	3	--
$50.00	Jul 31	$1.91	0.47	1.5%	3.88%	5.40%	4	95
$49.50	Jul 24	$1.79	0.49	0.5%	3.63%	4.14%	20	6
$52.50	Aug 21	$1.77	0.37	6.6%	3.59%	10.19%	50	571
$52.00	Aug 14	$1.67	0.39	5.6%	3.39%	8.97%	219	10
$51.00	Jul 31	$1.50	0.41	3.5%	3.05%	6.60%	234	44
$53.00	Aug 28	$1.48	0.35	7.6%	3.01%	10.62%	10	--

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 6,903

Total Puts 6,814

Put/Call Ratio 0.99

Net Difference 89

Prior's Put/Call Breakdown

Total Calls 6,992

Total Puts 5,471

Put/Call Ratio 0.78

Net Difference 1,521

Prior 7-Day Put/Call Summary

Total Calls 41,010

Total Puts 28,291

Average Put/Call Ratio 0.68

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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