LUV - Options Database

LUV

SOUTHWEST AIRLS CO

$49.43 +0.37%

(7/15 18:12) ◀

Thursday, July 16, 2026 (6:03pm)

▶ (7/17 18:05)

◀ 7/16 18:03 ▶

Option Volume

Detail

ℹ

Current (07/16) 13,475

Calls: 10,696 (79%)

Puts: 2,779 (21%)

Prior (07/15) 13,717

Calls: 6,903 (50%)

Puts: 6,814 (50%)

Current vs Prior -1.76%

Calls: +54.95% (Calls)

Puts: -59.22% (Puts)

Prior 7-Day Total 75,937

Calls: 43,858 (58%)

Puts: 32,079 (42%)

Prior 7-Day Average 10,848

Calls: 6,265 (58%)

Puts: 4,582 (42%)

Current vs Prior 7-Day Avg +24.21%

Calls: +70.71%

Puts: -39.36%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/16) $2.61M

Calls: $2.09M (80%)

Puts: $528.2K (20%)

Prior (07/15) $3.23M

Calls: $1.43M (44%)

Puts: $1.80M (56%)

Current vs Prior -19.00%

Calls: +45.71%

Puts: -70.58%

Prior 7-Day Total $18.16M

Calls: $12.37M (68%)

Puts: $5.79M (32%)

Prior 7-Day Average $2.59M

Calls: $1.77M (68%)

Puts: $826.8K (32%)

Current vs Prior 7-Day Avg +0.75%

Calls: +18.01%

Puts: -36.12%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/16) 0.26

Prior (07/15) 0.99

Current vs Prior -73.68%

Prior 7-Day Average 0.72

Current vs Prior 7-Day Avg -63.76%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/16) 256,956

Calls: 157,596 (61%)

Puts: 99,360 (39%)

Prior (07/15) 129,703

Calls: 88,172 (68%)

Puts: 41,531 (32%)

Current vs Prior +98.11%

Prior 7-Day Total 1,643,641

Calls: 1,011,953 (62%)

Puts: 631,688 (38%)

Prior 7-Day Average 234,805

Calls: 144,564 (62%)

Puts: 90,241 (38%)

Current vs Prior 7-Day Avg +9.43%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 3.54% | 8.44%3.54% | 12.16%

Prior 5.44% | 8.59%5.44% | 12.57%

Current vs Prior -34.94% | -1.78%-34.94% | -3.26%

Prior 7-Day Avg 5.41% | 8.27%5.85% | 13.24%

Current vs 7-Day Avg -34.51% | +2.05%-39.52% | -8.19%

Prior 7-Day Eod 5.44% | 8.59%5.44% | 12.57%

Current vs 7-Day Eod -34.94% | -1.78%-34.94% | -3.26%

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

Strong bullish conviction with 80% of dollar volume in calls ($2.09M) vs puts ($528.2K). Extreme bullish P/C ratio of 0.26 - heavy call buying (10,696 calls vs 2,779 puts). P/C ratio dropping 74% - sentiment shifting bullish. Call-heavy open interest (157,596 calls vs 99,360 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 BEARISH

7-Day Avg BULLISH

Current BULLISH

Prior NEUTRAL

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

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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 25 of results (avg 7.0%, best 2.1%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$47.50	Aug 21	4.10	4.25	$4.18	3.6%	--	0.64	432
$50.00	Aug 21	2.77	2.88	$2.83	3.9%	79	0.50	960
$52.50	Aug 21	1.76	1.87	$1.82	6.0%	49	0.38	601
$50.00	Aug 7	2.24	2.38	$2.31	6.1%	1	0.49	9
$49.00	Aug 14	3.00	3.20	$3.10	6.5%	7	0.56	6

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$52.50	Aug 21	4.60	4.70	$4.65	2.2%	129	0.62	214
$50.00	Aug 21	3.10	3.25	$3.18	4.7%	57	0.50	409
$47.50	Aug 21	1.95	2.05	$2.00	5.0%	25	0.36	205
$50.00	Aug 7	2.64	2.81	$2.73	6.2%	10	0.51	62
$49.00	Jul 31	1.89	2.02	$1.96	6.6%	6	0.45	27

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.81, cheapest $0.66)

CALLS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$57.50	Aug 21	0.61	0.70	$0.66	13.6%	11	0.18	517
$56.00	Aug 14	0.67	0.78	$0.73	15.1%	84	0.20	3
$55.00	Aug 14	0.85	0.97	$0.91	13.2%	12	0.24	311
$54.00	Aug 7	0.86	0.98	$0.92	13.0%	8	0.26	6

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 68 found (avg delta 0.75, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$44.00	Jul 17	5.10	5.75	$5.43	12.0%	2	1.00	15
$40.00	Jul 17	9.10	10.45	$9.77	13.8%	1	0.98	528
$43.00	Jul 17	6.00	7.80	$6.90	26.1%	89	0.98	4
$42.50	Jul 17	6.60	7.20	$6.90	8.7%	110	0.97	815
$44.50	Jul 17	4.70	5.35	$5.03	12.9%	5	0.96	73

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$53.00	Jul 17	2.72	4.55	$3.64	50.3%	19	1.00	12
$55.00	Jul 17	4.75	6.85	$5.80	36.2%	22	1.00	267
$56.00	Jul 17	5.65	7.85	$6.75	32.6%	4	1.00	2
$52.50	Jul 17	2.40	3.40	$2.90	34.5%	5	0.95	143
$52.00	Jul 17	1.82	2.87	$2.35	44.7%	--	0.94	102

Most actively traded options today. High liquidity = easy entry/exit. 141 active (total vol 7.5K, top 3.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$50.00	Jul 17	0.20	0.51	$0.36	86.1%	3.7K	0.38	8.2K
$51.00	Jul 31	1.41	1.79	$1.60	23.8%	130	0.42	224
$42.50	Jul 17	6.60	7.20	$6.90	8.7%	110	0.97	815
$51.00	Jul 24	1.20	1.37	$1.29	13.2%	102	0.39	3.6K
$43.00	Jul 17	6.00	7.80	$6.90	26.1%	89	0.98	4

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$44.00	Aug 14	0.63	1.16	$0.90	58.9%	326	0.20	4
$46.00	Jul 24	0.37	0.73	$0.55	65.5%	279	0.20	109
$52.50	Aug 21	4.60	4.70	$4.65	2.2%	129	0.62	214
$45.00	Jul 24	0.22	0.56	$0.39	87.2%	116	0.15	326
$51.00	Jul 31	2.96	3.20	$3.08	7.8%	114	0.58	21

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 46 strikes (avg 111.3%, max 395.4%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$40.00	Jul 17	Aug 21	212.3%	52.9%	301.1%	26	543
$57.50	Jul 17	Aug 21	188.4%	47.7%	295.3%	12	1.4K
$57.00	Jul 17	Aug 14	181.4%	49.4%	266.9%	48	97
$42.50	Jul 17	Aug 21	174.2%	50.1%	247.3%	110	856
$42.00	Jul 17	Jul 31	230.8%	68.5%	236.7%	1	124

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$42.00	Jul 17	Aug 28	230.8%	46.6%	395.4%	--	42
$40.00	Jul 17	Aug 21	212.3%	52.9%	301.1%	56	725
$42.50	Jul 17	Aug 21	174.2%	50.1%	247.3%	5	2.8K
$43.50	Jul 17	Jul 24	234.7%	71.4%	228.8%	5	33
$43.00	Jul 17	Aug 14	142.4%	49.8%	185.9%	13	222

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 93 found (best R:R 12.33, avg 2.42)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$56.00	$58.00	Jul 24	$0.16	$1.84	$0.16	11.50	$56.16
$57.00	$58.00	Jul 31	$0.11	$0.89	$0.11	8.09	$57.11
$52.00	$53.00	Jul 24	$0.12	$0.88	$0.12	7.33	$52.12
$56.00	$57.00	Aug 7	$0.12	$0.88	$0.12	7.33	$56.12
$56.00	$57.00	Aug 14	$0.12	$0.88	$0.12	7.33	$56.12

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
$42.50	$40.00	Aug 21	$0.29	$2.21	$0.29	7.62	$42.21
$44.00	$43.00	Aug 7	$0.12	$0.88	$0.12	7.33	$43.88
$45.00	$44.00	Aug 14	$0.13	$0.87	$0.13	6.69	$44.87
$42.00	$41.00	Jul 24	$0.15	$0.85	$0.15	5.67	$41.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 108 found (best R:R 7.57, avg 1.18)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$42.00	$45.00	Jul 31	$2.65	$2.65	$0.35	7.57	$44.65
$46.00	$48.00	Aug 14	$1.75	$1.75	$0.25	7.00	$47.75
$43.00	$45.00	Jul 24	$1.72	$1.72	$0.28	6.14	$44.72
$44.00	$44.50	Jul 17	$0.40	$0.40	$0.10	4.00	$44.40
$45.00	$47.50	Aug 21	$1.85	$1.85	$0.65	2.85	$46.85

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$52.00	$51.00	Jul 17	$0.84	$0.84	$0.16	5.25	$51.16
$59.00	$52.00	Aug 14	$5.48	$5.48	$1.52	3.61	$53.52
$55.00	$52.50	Aug 21	$1.92	$1.92	$0.58	3.31	$53.08
$57.50	$55.00	Aug 21	$1.91	$1.91	$0.59	3.24	$55.59
$53.00	$52.00	Jul 24	$0.75	$0.75	$0.25	3.00	$52.25

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 44 found (avg debit $0.73, cheapest $0.06)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$58.00	Jul 17	Jul 24	$0.06	148.5%	63.6%
$56.00	Jul 17	Jul 24	$0.24	97.1%	66.3%
$57.00	Jul 17	Jul 31	$0.26	181.4%	60.4%
$55.00	Jul 17	Jul 24	$0.30	84.5%	63.7%
$54.00	Jul 17	Jul 24	$0.31	138.2%	66.3%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$42.00	Jul 17	Jul 24	$0.06	230.8%	84.2%
$43.00	Jul 17	Jul 24	$0.27	142.4%	78.8%
$41.00	Jul 24	Jul 31	$0.28	75.4%	76.2%
$44.50	Jul 17	Jul 24	$0.29	125.7%	67.3%
$45.00	Jul 17	Jul 24	$0.29	130.9%	65.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 61 found (cheapest 2.29% of stock, avg 10.36%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$50.00	Jul 17	$0.36	$0.77	$1.13	$48.87	$51.13	2.29%
$48.50	Jul 17	$1.19	$0.19	$1.38	$47.12	$49.88	2.79%
$49.00	Jul 17	$0.98	$0.44	$1.42	$47.58	$50.42	2.87%
$51.00	Jul 17	$0.10	$1.51	$1.61	$49.39	$52.61	3.26%
$48.00	Jul 17	$1.70	$0.14	$1.84	$46.16	$49.84	3.72%
$47.50	Jul 17	$2.04	$0.20	$2.24	$45.26	$49.74	4.53%
$52.00	Jul 17	$0.09	$2.35	$2.44	$49.56	$54.44	4.94%
$47.00	Jul 17	$2.67	$0.11	$2.78	$44.22	$49.78	5.62%
$52.50	Jul 17	$0.08	$2.90	$2.98	$49.52	$55.48	6.03%
$46.50	Jul 17	$3.11	$0.11	$3.22	$43.28	$49.72	6.51%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 146 found (cheapest 0.45% of stock, avg 4.61%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$52.50	$48.00	Jul 17	$0.08	$0.14	$0.22	$47.78	$52.72
$52.00	$48.00	Jul 17	$0.09	$0.14	$0.23	$47.77	$52.23
$51.00	$48.00	Jul 17	$0.10	$0.14	$0.24	$47.76	$51.24
$52.50	$48.50	Jul 17	$0.08	$0.19	$0.27	$48.23	$52.77
$52.00	$48.50	Jul 17	$0.09	$0.19	$0.28	$48.22	$52.28
$52.50	$47.50	Jul 17	$0.08	$0.20	$0.28	$47.22	$52.78
$51.00	$48.50	Jul 17	$0.10	$0.19	$0.29	$48.21	$51.29
$52.00	$47.50	Jul 17	$0.09	$0.20	$0.29	$47.21	$52.29
$51.00	$47.50	Jul 17	$0.10	$0.20	$0.30	$47.20	$51.30
$54.00	$48.00	Jul 17	$0.19	$0.14	$0.33	$47.67	$54.33

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 134 found (best R:R 15.67, avg credit $0.85)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
44/45	46/48	Aug 14	$1.88	$0.12	15.67	$43.12	$47.88
41/42	43/45	Jul 24	$1.87	$0.13	14.38	$40.13	$44.87
44/45	47/48	Jul 31	$0.88	$0.12	7.33	$44.12	$47.88
47/48	50/51	Aug 14	$0.88	$0.12	7.33	$47.12	$50.88
47/48	50/51	Jul 31	$0.87	$0.13	6.69	$47.13	$50.87
45/46	50/51	Aug 14	$0.86	$0.14	6.14	$45.14	$50.86
40/42	45/48	Aug 21	$2.14	$0.36	5.94	$40.36	$47.14
45/46	52/53	Aug 7	$0.85	$0.15	5.67	$45.15	$52.85
45/46	54/55	Aug 7	$0.85	$0.15	5.67	$45.15	$54.85
43/44	50/51	Aug 14	$0.82	$0.18	4.56	$43.18	$50.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 68 found (best R:R 19.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$53.00	$54.00	$55.00	Jul 24	$0.05	$0.95	19.00
$56.00	$57.00	$58.00	Aug 7	$0.05	$0.95	19.00
$52.00	$53.00	$54.00	Aug 14	$0.05	$0.95	19.00
$52.00	$53.00	$54.00	Jul 31	$0.06	$0.94	15.67
$54.00	$55.00	$56.00	Jul 31	$0.06	$0.94	15.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$40.00	$41.00	$42.00	Jul 24	$0.09	$0.91	10.11
$50.00	$51.00	$52.00	Jul 17	$0.10	$0.90	9.00
$40.00	$42.50	$45.00	Aug 21	$0.25	$2.25	9.00
$51.00	$52.00	$53.00	Jul 24	$0.11	$0.89	8.09
$42.50	$45.00	$47.50	Aug 21	$0.28	$2.22	7.93

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 88 found (best net $-0.14, 76 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$49.00	$53.00	1:2	Aug 28	-$0.14	$3.86
$55.00	$57.50	1:2	Aug 21	-$0.21	$2.29
$52.50	$55.00	1:2	Aug 21	-$0.40	$2.10
$50.00	$52.50	1:2	Aug 21	-$0.81	$1.69
$50.00	$52.00	1:2	Aug 7	-$0.69	$1.31

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$42.50	$40.00	1:2	Aug 21	-$0.06	$2.44
$45.00	$42.50	1:2	Aug 21	-$0.10	$2.40
$47.50	$45.00	1:2	Aug 21	-$0.36	$2.14
$50.00	$47.50	1:2	Aug 21	-$0.82	$1.68
$50.00	$49.00	1:2	Jul 17	-$0.11	$0.89

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 41 found (best yield 5.60%, avg 2.07%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$50.00	Aug 21	$2.77	0.50	1.1%	5.60%	6.76%	79	960
$50.00	Aug 14	$2.35	0.50	1.1%	4.75%	5.91%	--	89
$50.00	Aug 7	$2.24	0.49	1.1%	4.53%	5.68%	1	9
$49.50	Jul 31	$2.16	0.52	0.1%	4.37%	4.51%	22	--
$51.00	Aug 14	$1.89	0.45	3.2%	3.82%	7.00%	1	3
$50.00	Jul 31	$1.84	0.48	1.1%	3.72%	4.88%	25	97
$49.50	Jul 24	$1.83	0.51	0.1%	3.70%	3.84%	60	25
$52.50	Aug 21	$1.76	0.38	6.2%	3.56%	9.77%	49	601
$52.00	Aug 14	$1.69	0.39	5.2%	3.42%	8.62%	--	227
$53.00	Aug 28	$1.60	0.37	7.2%	3.24%	10.46%	2	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 10,696

Total Puts 2,779

Put/Call Ratio 0.26

Net Difference 7,917

Prior's Put/Call Breakdown

Total Calls 6,903

Total Puts 6,814

Put/Call Ratio 0.99

Net Difference 89

Prior 7-Day Put/Call Summary

Total Calls 43,858

Total Puts 32,079

Average Put/Call Ratio 0.72

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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