LUV - Options Database

LUV

SOUTHWEST AIRLS CO

$48.08 -2.73%

$47.80 (-0.58%)🌙

as of 07/17 06:05 PM

(7/16 18:03) ◀

Friday, July 17, 2026 (6:05pm)

▶ (7/20 18:03)

◀ 7/17 18:05 ▶

Option Volume

Detail

ℹ

Current (07/17) 7,476

Calls: 2,867 (38%)

Puts: 4,609 (62%)

Prior (07/16) 13,475

Calls: 10,696 (79%)

Puts: 2,779 (21%)

Current vs Prior -44.52%

Calls: -73.20% (Calls)

Puts: +65.85% (Puts)

Prior 7-Day Total 81,089

Calls: 49,241 (61%)

Puts: 31,848 (39%)

Prior 7-Day Average 11,584

Calls: 7,034 (61%)

Puts: 4,549 (39%)

Current vs Prior 7-Day Avg -35.46%

Calls: -59.24%

Puts: +1.30%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/17) $1.91M

Calls: $1.11M (58%)

Puts: $799.7K (42%)

Prior (07/16) $2.61M

Calls: $2.09M (80%)

Puts: $528.2K (20%)

Current vs Prior -26.92%

Calls: -46.76%

Puts: +51.41%

Prior 7-Day Total $15.32M

Calls: $9.63M (63%)

Puts: $5.69M (37%)

Prior 7-Day Average $2.19M

Calls: $1.38M (63%)

Puts: $813.5K (37%)

Current vs Prior 7-Day Avg -12.75%

Calls: -19.29%

Puts: -1.69%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/17) 1.61

Prior (07/16) 0.26

Current vs Prior +518.75%

Prior 7-Day Average 0.67

Current vs Prior 7-Day Avg +138.84%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/17) 260,360

Calls: 159,713 (61%)

Puts: 100,647 (39%)

Prior (07/16) 256,956

Calls: 157,596 (61%)

Puts: 99,360 (39%)

Current vs Prior +1.32%

Prior 7-Day Total 1,649,822

Calls: 1,016,575 (62%)

Puts: 633,247 (38%)

Prior 7-Day Average 235,688

Calls: 145,225 (62%)

Puts: 90,463 (38%)

Current vs Prior 7-Day Avg +10.47%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 1.41% | 8.26%1.41% | 12.23%

Prior 3.54% | 8.44%3.54% | 12.16%

Current vs Prior +133.23% | +13.41%-60.05% | +0.58%

Prior 7-Day Avg 4.76% | 8.40%5.29% | 13.03%

Current vs 7-Day Avg +73.42% | +13.91%-73.25% | -6.18%

Prior 7-Day Eod 3.54% | 8.44%3.54% | 12.16%

Current vs 7-Day Eod +133.23% | +13.41%-60.05% | +0.58%

Sentiment BEARISHBULLISH

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

Below-average activity with volume down 45% vs prior. Extreme bearish P/C ratio of 1.61 - heavy put buying. P/C ratio rising 519% - increased hedging/bearish positioning. Call-heavy open interest (159,713 calls vs 100,647 puts) suggests bullish positioning.

Smart Money BULLISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BEARISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

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

🎯

Tightest Spreads

💰

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 38 of results (avg 7.5%, best 4.1%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$47.50	Aug 21	3.25	3.40	$3.33	4.5%	10	0.56	432
$50.00	Aug 21	2.11	2.23	$2.17	5.5%	46	0.43	982
$45.00	Aug 7	4.25	4.50	$4.38	5.7%	2	0.72	7
$45.00	Jul 31	3.95	4.25	$4.10	7.3%	--	0.74	42
$52.50	Aug 21	1.28	1.38	$1.33	7.5%	5	0.31	617

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$49.50	Jul 31	2.85	2.97	$2.91	4.1%	12	0.58	19
$47.50	Aug 21	2.48	2.61	$2.55	5.1%	18	0.44	224
$50.00	Aug 21	3.80	4.00	$3.90	5.1%	127	0.57	445
$52.00	Jul 31	4.50	4.75	$4.63	5.4%	23	0.74	160
$50.00	Aug 14	3.60	3.80	$3.70	5.4%	--	0.58	30

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.81, cheapest $0.65)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$55.00	Aug 21	0.73	0.83	$0.78	12.8%	25	0.21	900

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$44.00	Jul 31	0.60	0.70	$0.65	15.4%	1	0.20	28
$43.00	Aug 14	0.76	0.89	$0.83	15.7%	1	0.20	46
$42.50	Aug 21	0.82	0.92	$0.87	11.5%	82	0.19	347
$46.00	Jul 24	0.85	1.00	$0.93	16.1%	56	0.30	360

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 67 found (avg delta 0.73, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$42.00	Jul 17	5.70	7.00	$6.35	20.5%	3	1.00	85
$43.00	Jul 17	4.70	5.75	$5.23	20.1%	2	1.00	90
$47.00	Jul 17	0.71	1.59	$1.15	76.5%	13	1.00	66
$47.50	Jul 17	0.38	0.96	$0.67	86.6%	53	1.00	767
$45.50	Jul 17	1.94	3.65	$2.80	61.1%	--	0.98	16

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$52.50	Jul 17	3.85	5.30	$4.58	31.7%	--	0.99	42
$51.00	Jul 17	2.23	3.50	$2.87	44.3%	--	0.99	1.1K
$55.00	Jul 17	5.95	7.85	$6.90	27.5%	--	0.95	53
$50.00	Jul 17	1.70	2.10	$1.90	21.1%	374	0.93	1.1K
$57.50	Aug 21	9.20	10.25	$9.73	10.8%	--	0.86	88

Most actively traded options today. High liquidity = easy entry/exit. 145 active (total vol 3.9K, top 426)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$50.00	Jul 17	0.01	0.06	$0.03	166.7%	99	0.06	6.0K
$49.00	Jul 17	0.01	0.25	$0.13	184.6%	66	0.20	1.7K
$47.50	Jul 17	0.38	0.96	$0.67	86.6%	53	1.00	767
$56.00	Jul 24	0.10	0.15	$0.13	38.5%	50	0.06	33
$50.00	Aug 21	2.11	2.23	$2.17	5.5%	46	0.43	982

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$41.00	Jul 24	0.01	0.37	$0.19	189.5%	426	0.07	31
$50.00	Jul 17	1.70	2.10	$1.90	21.1%	374	0.93	1.1K
$45.00	Jul 31	0.77	1.04	$0.91	29.7%	352	0.26	105
$41.50	Jul 24	0.00	0.50	$0.25	200.0%	166	0.09	2
$50.00	Aug 21	3.80	4.00	$3.90	5.1%	127	0.57	445

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 48 strikes (avg 1642.5%, max 5468.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$57.50	Jul 17	Aug 21	2661.1%	47.8%	5468.1%	22	1.4K
$40.00	Jul 17	Aug 21	2878.3%	51.7%	5467.6%	5	569
$57.00	Jul 17	Aug 14	2589.5%	49.1%	5168.7%	--	141
$42.50	Jul 17	Aug 21	2250.3%	50.9%	4325.0%	6	929
$54.00	Jul 17	Aug 7	2095.0%	51.0%	4006.0%	11	347

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$40.00	Jul 17	Aug 21	2878.3%	51.7%	5467.6%	8	781
$42.50	Jul 17	Aug 21	2250.3%	50.9%	4325.0%	122	2.8K
$44.00	Jul 17	Aug 14	1870.1%	52.9%	3437.5%	12	1.0K
$44.50	Jul 17	Jul 31	1741.3%	50.5%	3348.5%	69	175
$43.50	Jul 17	Jul 31	1997.6%	59.2%	3277.1%	28	25

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 95 found (best R:R 10.76, avg 2.37)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$49.00	$50.00	Jul 17	$0.10	$0.90	$0.10	9.00	$49.10
$52.00	$53.00	Aug 7	$0.13	$0.87	$0.13	6.69	$52.13
$55.00	$56.00	Aug 14	$0.13	$0.87	$0.13	6.69	$55.13
$56.00	$57.00	Aug 14	$0.13	$0.87	$0.13	6.69	$56.13
$55.00	$57.50	Aug 21	$0.35	$2.15	$0.35	6.14	$55.35

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$42.00	$40.00	Aug 7	$0.17	$1.83	$0.17	10.76	$41.83
$41.00	$40.00	Jul 24	$0.11	$0.89	$0.11	8.09	$40.89
$41.00	$40.00	Jul 31	$0.11	$0.89	$0.11	8.09	$40.89
$43.00	$42.00	Aug 28	$0.12	$0.88	$0.12	7.33	$42.88
$43.00	$42.00	Aug 7	$0.15	$0.85	$0.15	5.67	$42.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 115 found (best R:R 12.89, avg 1.29)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$43.00	$45.00	Jul 24	$1.75	$1.75	$0.25	7.00	$44.75
$42.50	$45.00	Aug 21	$2.13	$2.13	$0.37	5.76	$44.63
$40.00	$42.50	Aug 21	$2.12	$2.12	$0.38	5.58	$42.12
$42.00	$45.00	Jul 31	$2.43	$2.43	$0.57	4.26	$44.43
$46.00	$46.50	Jul 24	$0.38	$0.38	$0.12	3.17	$46.38

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$55.00	$52.50	Jul 17	$2.32	$2.32	$0.18	12.89	$52.68
$57.50	$55.00	Aug 21	$2.25	$2.25	$0.25	9.00	$55.25
$52.00	$51.00	Jul 24	$0.78	$0.78	$0.22	3.55	$51.22
$52.00	$51.00	Jul 31	$0.78	$0.78	$0.22	3.55	$51.22
$55.00	$52.50	Aug 21	$1.88	$1.88	$0.62	3.03	$53.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 39 found (avg debit $0.84, cheapest $0.06)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$42.00	Jul 17	Jul 24	$0.08	852.4%	108.9%
$56.00	Jul 17	Jul 24	$0.11	943.7%	70.4%
$55.00	Jul 17	Jul 24	$0.13	1047.1%	71.4%
$49.50	Jul 24	Jul 31	$0.25	71.1%	57.3%
$43.00	Jul 17	Jul 24	$0.27	770.7%	72.3%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$41.50	Jul 24	Jul 31	$0.06	84.2%	62.9%
$41.00	Jul 24	Jul 31	$0.08	83.3%	63.9%
$39.00	Jul 24	Aug 7	$0.11	98.6%	64.7%
$46.50	Jul 17	Jul 24	$0.12	1198.9%	72.0%
$43.00	Jul 17	Jul 24	$0.27	770.7%	72.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 60 found (cheapest 0.87% of stock, avg 10.07%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$48.00	Jul 17	$0.21	$0.21	$0.42	$47.58	$48.42	0.87%
$48.50	Jul 17	$0.09	$0.47	$0.56	$47.94	$49.06	1.16%
$47.50	Jul 17	$0.67	$0.03	$0.70	$46.80	$48.20	1.46%
$49.00	Jul 17	$0.13	$0.95	$1.08	$47.92	$50.08	2.25%
$47.00	Jul 17	$1.15	$0.04	$1.19	$45.81	$48.19	2.48%
$50.00	Jul 17	$0.03	$1.90	$1.93	$48.07	$51.93	4.01%
$46.00	Jul 17	$1.92	$0.05	$1.97	$44.03	$47.97	4.10%
$46.50	Jul 17	$1.57	$1.06	$2.63	$43.87	$49.13	5.47%
$45.50	Jul 17	$2.80	$0.04	$2.84	$42.66	$48.34	5.91%
$51.00	Jul 17	$0.01	$2.87	$2.88	$48.12	$53.88	5.99%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.62% of stock, avg 5.60%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$48.50	$48.00	Jul 17	$0.09	$0.21	$0.30	$47.70	$48.80
$57.50	$40.00	Aug 21	$0.43	$0.43	$0.86	$39.14	$58.36
$52.00	$48.00	Jul 17	$0.86	$0.21	$1.07	$46.93	$53.07
$48.50	$46.50	Jul 17	$0.09	$1.06	$1.15	$45.35	$49.65
$48.50	$44.50	Jul 17	$0.09	$1.07	$1.16	$43.34	$49.66
$48.50	$44.00	Jul 17	$0.09	$1.07	$1.16	$42.84	$49.66
$48.50	$43.50	Jul 17	$0.09	$1.07	$1.16	$42.34	$49.66
$55.00	$40.00	Aug 21	$0.78	$0.43	$1.21	$38.79	$56.21
$57.50	$48.00	Jul 17	$1.06	$0.21	$1.27	$46.73	$58.77
$54.00	$48.00	Jul 17	$1.07	$0.21	$1.28	$46.72	$55.28

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 195 found (best R:R 13.29, avg credit $0.78)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
40/41	43/45	Jul 24	$1.86	$0.14	13.29	$39.14	$44.86
46/47	48/49	Aug 7	$0.87	$0.13	6.69	$46.13	$48.87
50/51	53/54	Aug 7	$0.87	$0.13	6.69	$50.13	$53.87
47/48	49/50	Aug 14	$0.87	$0.13	6.69	$47.13	$49.87
45/46	48/49	Aug 7	$0.86	$0.14	6.14	$45.14	$48.86
40/41	42/45	Jul 31	$2.54	$0.46	5.52	$38.46	$44.54
46/47	49/50	Aug 14	$0.84	$0.16	5.25	$46.16	$49.84
44/45	47/48	Jul 31	$0.83	$0.17	4.88	$44.17	$47.83
45/46	47/48	Jul 31	$0.83	$0.17	4.88	$45.17	$47.83
47/48	50/51	Aug 14	$0.83	$0.17	4.88	$47.17	$50.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 59 found (best R:R 15.67, cheapest $0.06)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$50.00	$51.00	$52.00	Jul 31	$0.06	$0.94	15.67
$52.00	$53.00	$54.00	Jul 31	$0.06	$0.94	15.67
$47.00	$48.00	$49.00	Aug 28	$0.06	$0.94	15.67
$50.00	$51.00	$52.00	Jul 24	$0.07	$0.93	13.29
$48.00	$49.00	$50.00	Aug 7	$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	$0.06	$0.94	15.67
$45.00	$46.00	$47.00	Aug 14	$0.07	$0.93	13.29
$50.00	$52.50	$55.00	Aug 21	$0.18	$2.32	12.89
$48.00	$50.00	$52.00	Aug 14	$0.16	$1.84	11.50
$42.00	$43.00	$44.00	Aug 7	$0.09	$0.91	10.11

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 $-0.32, 73 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$49.00	$52.00	1:2	Aug 28	-$0.46	$2.54
$55.00	$57.50	1:2	Aug 21	-$0.08	$2.42
$52.50	$55.00	1:2	Aug 21	-$0.23	$2.27
$46.00	$49.00	1:2	Aug 14	-$0.75	$2.25
$45.00	$48.00	1:2	Aug 7	-$0.82	$2.18

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$50.00	$47.00	1:2	Aug 7	-$0.32	$2.68
$45.00	$42.50	1:2	Aug 21	-$0.20	$2.30
$47.50	$45.00	1:2	Aug 21	-$0.53	$1.97
$42.00	$40.00	1:2	Aug 7	-$0.16	$1.84
$45.00	$43.00	1:2	Aug 28	-$0.54	$1.46

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 42 found (best yield 5.39%, avg 2.01%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$49.00	Aug 28	$2.59	0.49	1.9%	5.39%	7.30%	1	1
$49.00	Aug 14	$2.24	0.48	1.9%	4.66%	6.57%	--	13
$50.00	Aug 21	$2.11	0.43	4.0%	4.39%	8.38%	46	982
$49.00	Aug 7	$1.99	0.47	1.9%	4.14%	6.05%	--	234
$48.50	Jul 31	$1.91	0.49	0.9%	3.97%	4.85%	26	27
$50.00	Aug 14	$1.83	0.42	4.0%	3.81%	7.80%	--	89
$49.00	Jul 31	$1.69	0.46	1.9%	3.51%	5.43%	31	74
$50.00	Aug 7	$1.59	0.41	4.0%	3.31%	7.30%	5	10
$48.50	Jul 24	$1.58	0.48	0.9%	3.29%	4.16%	6	105
$49.50	Jul 31	$1.45	0.42	3.0%	3.02%	5.97%	--	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 2,867

Total Puts 4,609

Put/Call Ratio 1.61

Net Difference -1,742

Prior's Put/Call Breakdown

Total Calls 10,696

Total Puts 2,779

Put/Call Ratio 0.26

Net Difference 7,917

Prior 7-Day Put/Call Summary

Total Calls 49,241

Total Puts 31,848

Average Put/Call Ratio 0.67

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

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