Tour v366
LUV
SOUTHWEST AIRLS CO
$48.34 +0.54%
$48.67 (+0.68%)🌙
as of 07/20 06:03 PM
(7/17 18:05) ◀
|
Monday, July 20, 2026 (6:03pm)
January 2026
|
▶ (7/21 14:05)
◀ 7/20 18:03 ▶

Option Volume

Detail
ℹ
Current (07/20) 20,493
Calls: 16,105 (79%)
Puts: 4,388 (21%)
Prior (07/17) 7,476
Calls: 2,867 (38%)
Puts: 4,609 (62%)
Current vs Prior +174.12%
Calls: +461.74% (Calls)
Puts: -4.79% (Puts)
Prior 7-Day Total 73,655
Calls: 43,647 (59%)
Puts: 30,008 (41%)
Prior 7-Day Average 10,522
Calls: 6,235 (59%)
Puts: 4,286 (41%)
Current vs Prior 7-Day Avg +94.76%
Calls: +158.29%
Puts: +2.36%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/20) $6.56M
Calls: $5.55M (85%)
Puts: $1.01M (15%)
Prior (07/17) $1.91M
Calls: $1.11M (58%)
Puts: $799.7K (42%)
Current vs Prior +243.31%
Calls: +399.84%
Puts: +26.04%
Prior 7-Day Total $14.17M
Calls: $8.68M (61%)
Puts: $5.48M (39%)
Prior 7-Day Average $2.02M
Calls: $1.24M (61%)
Puts: $783.5K (39%)
Current vs Prior 7-Day Avg +223.92%
Calls: +347.22%
Puts: +28.65%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/20) 0.27
Prior (07/17) 1.61
Current vs Prior -83.05%
Prior 7-Day Average 0.79
Current vs Prior 7-Day Avg -65.67%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/20) 220,897
Calls: 132,744 (60%)
Puts: 88,153 (40%)
Prior (07/17) 260,360
Calls: 159,713 (61%)
Puts: 100,647 (39%)
Current vs Prior -15.16%
Prior 7-Day Total 1,656,235
Calls: 1,021,710 (62%)
Puts: 634,525 (38%)
Prior 7-Day Average 236,605
Calls: 145,958 (62%)
Puts: 90,646 (38%)
Current vs Prior 7-Day Avg -6.64%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 7.76% | 9.33%12.12% | 14.85%
Prior 8.26% | 9.57%1.41% | 12.23%
Current vs Prior -6.05% | -2.48%+757.14% | +21.45%
Prior 7-Day Avg 5.30% | 8.78%4.50% | 12.75%
Current vs 7-Day Avg +46.34% | +6.27%+169.19% | +16.52%
Prior 7-Day Eod 8.26% | 9.57%1.41% | 12.23%
Current vs 7-Day Eod -6.05% | -2.48%+757.14% | +21.45%
Sentiment BULLISHBEARISH

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 85% of dollar volume in calls ($5.55M) vs puts ($1.01M). Massive premium surge with dollar volume up 243% vs prior. Dollar volume significantly above 7-day average (224% higher). Unusually high activity with volume up 174% vs prior - elevated interest.

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 BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 21 of results (avg 7.8%, best 4.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Aug 213.303.45$3.384.4%170.58432
$50.00Aug 212.112.24$2.176.0%1220.44993
$45.00Aug 214.755.15$4.958.1%30.72133
$52.50Aug 211.271.38$1.338.3%110.32618
$46.00Aug 143.904.25$4.088.6%--0.6720
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 213.553.70$3.634.1%350.56490
$47.50Aug 212.272.39$2.335.2%1680.42240
$52.00Jul 314.254.55$4.406.8%100.73167
$51.00Jul 313.503.75$3.636.9%--0.67139
$51.00Jul 243.253.50$3.387.4%--0.7137

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.78, cheapest $0.77)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Aug 210.720.82$0.7713.0%370.21903
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Aug 210.710.85$0.7817.9%70.18414

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 54 found (avg delta 0.69, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$39.00Jul 248.8510.25$9.5514.7%3980.981
$40.00Jul 247.709.50$8.6020.9%380.982
$41.50Jul 246.107.85$6.9825.1%10.95--
$40.50Jul 247.408.65$8.0315.6%50.94--
$42.00Jul 245.907.45$6.6823.2%10.90300
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$57.50Aug 219.1510.00$9.578.9%--0.8788
$53.00Jul 244.305.65$4.9727.2%--0.8469
$53.00Jul 313.605.45$4.5340.8%40.808
$55.00Aug 216.357.90$7.1321.7%--0.7962
$52.00Jul 243.454.25$3.8520.8%20.76104

Most actively traded options today. High liquidity = easy entry/exit. 151 active (total vol 5.7K, top 743)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$48.00Jul 241.852.11$1.9813.1%7430.56380
$49.00Jul 241.351.54$1.4513.1%5760.47311
$39.50Jul 248.359.50$8.9312.9%4370.90--
$39.00Jul 248.8510.25$9.5514.7%3980.981
$48.50Jul 241.581.89$1.7417.8%2880.51106
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$48.00Jul 241.441.66$1.5514.2%2960.44124
$47.50Aug 212.272.39$2.335.2%1680.42240
$43.00Jul 240.170.38$0.2875.0%1200.11412
$47.00Jul 311.361.59$1.4815.5%1050.38283
$45.00Jul 310.220.93$0.58122.4%1020.21451

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 41 strikes (avg 71.3%, max 158.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$58.00Jul 24Aug 28117.0%53.8%117.3%1350
$47.50Jul 24Aug 2197.9%49.0%99.9%26692
$52.00Jul 24Aug 2891.7%47.3%94.0%1212.2K
$55.00Jul 24Aug 2886.0%45.3%90.0%883.6K
$56.00Jul 24Aug 2184.0%44.6%88.1%783
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.00Jul 24Aug 28113.6%44.0%158.1%28110
$41.00Jul 24Aug 21113.6%53.2%113.7%58448
$47.50Jul 24Aug 2197.9%49.0%99.9%182305
$48.00Jul 24Aug 2888.4%47.1%87.6%304124
$52.00Jul 24Aug 2191.7%49.7%84.5%4104

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 99 found (best R:R 7.33, avg 2.09)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$53.00$54.00Aug 7$0.12$0.88$0.127.33$53.12
$53.00$54.00Aug 14$0.13$0.87$0.136.69$53.13
$51.00$52.00Jul 24$0.14$0.86$0.146.14$51.14
$54.00$55.00Jul 24$0.16$0.84$0.165.25$54.16
$55.00$56.00Jul 31$0.16$0.84$0.165.25$55.16
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$53.00$52.00Jul 31$0.13$0.87$0.136.69$52.87
$41.00$40.00Jul 24$0.14$0.86$0.146.14$40.86
$41.00$40.00Aug 14$0.14$0.86$0.146.14$40.86
$42.50$41.00Aug 21$0.26$1.24$0.264.77$42.24
$46.00$45.00Aug 7$0.22$0.78$0.223.55$45.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 116 found (best R:R 8.09, avg 1.13)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$45.00$46.00Jul 31$0.89$0.89$0.118.09$45.89
$40.00$42.50Aug 21$2.17$2.17$0.336.58$42.17
$43.00$45.00Jul 24$1.63$1.63$0.374.41$44.63
$46.00$47.00Jul 31$0.80$0.80$0.204.00$46.80
$46.50$47.00Jul 24$0.39$0.39$0.113.55$46.89
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.00$51.00Jul 31$0.77$0.77$0.233.35$51.23
$55.00$52.50Aug 21$1.83$1.83$0.672.73$53.17
$46.00$45.50Jul 24$0.35$0.35$0.152.33$45.65
$52.50$52.00Aug 21$0.35$0.35$0.152.33$52.15
$51.00$50.00Jul 24$0.69$0.69$0.312.23$50.31

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 35 found (avg debit $0.34, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$56.00Jul 24Jul 31$0.1184.0%60.2%
$42.00Jul 24Jul 31$0.12113.6%74.7%
$54.00Jul 24Jul 31$0.1392.9%63.1%
$57.00Aug 7Aug 14$0.1362.4%58.6%
$53.00Jul 24Jul 31$0.1785.6%59.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$40.00Jul 24Jul 31$0.0797.6%67.9%
$41.00Jul 24Jul 31$0.09113.6%75.5%
$47.50Jul 24Jul 31$0.1197.9%61.2%
$42.00Jul 24Jul 31$0.12113.6%74.7%
$43.50Jul 24Jul 31$0.1394.7%62.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 50 found (cheapest 7.26% of stock, avg 11.61%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$48.50Jul 24$1.74$1.77$3.51$44.99$52.017.26%
$48.00Jul 24$1.98$1.55$3.53$44.47$51.537.30%
$49.00Jul 24$1.45$2.10$3.55$45.45$52.557.34%
$49.50Jul 24$1.31$2.38$3.69$45.81$53.197.63%
$47.00Jul 24$2.54$1.19$3.73$43.27$50.737.72%
$50.00Jul 24$1.07$2.69$3.76$46.24$53.767.78%
$47.50Jul 24$2.26$1.51$3.77$43.73$51.277.80%
$46.50Jul 24$2.93$0.92$3.85$42.65$50.357.96%
$51.00Jul 24$0.77$3.38$4.15$46.85$55.158.59%
$48.50Jul 31$2.07$2.15$4.22$44.28$52.728.73%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 2.67% of stock, avg 6.42%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$58.00$42.00Aug 28$0.74$0.55$1.29$40.71$59.29
$55.00$42.00Aug 28$0.83$0.55$1.38$40.62$56.38
$52.00$46.50Jul 24$0.63$0.92$1.55$44.95$53.55
$51.00$46.50Jul 24$0.77$0.92$1.69$44.81$52.69
$52.00$46.00Jul 31$0.81$0.94$1.75$44.25$53.75
$54.00$44.00Aug 14$0.88$0.88$1.76$42.24$55.76
$52.00$47.00Jul 24$0.63$1.19$1.82$45.18$53.82
$53.00$44.00Aug 14$1.01$0.88$1.89$42.11$54.89
$53.00$42.00Aug 28$1.34$0.55$1.89$40.11$54.89
$51.00$47.00Jul 24$0.77$1.19$1.96$45.04$52.96

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 203 found (best R:R 9.53, avg credit $0.76)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
42/4243/45Jul 24$1.81$0.199.53$40.19$44.81
48/4850/51Jul 31$0.90$0.109.00$47.10$50.90
46/4750/51Jul 31$0.89$0.118.09$46.11$50.89
42/4348/49Aug 14$0.89$0.118.09$42.11$48.89
45/4649/50Aug 14$0.89$0.118.09$45.11$49.89
40/4143/45Jul 24$1.77$0.237.70$39.23$44.77
43/4448/49Aug 7$0.87$0.136.69$42.63$48.87
48/4850/51Aug 7$0.87$0.136.69$47.13$50.87
50/5154/55Aug 14$0.87$0.136.69$50.13$54.87
42/4247/48Jul 31$0.85$0.155.67$41.65$47.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 55 found (best R:R 13.29, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$48.00$50.00$52.00Aug 28$0.17$1.8310.76
$54.00$55.00$56.00Jul 24$0.09$0.9110.11
$45.00$46.00$47.00Jul 31$0.09$0.9110.11
$50.00$51.00$52.00Aug 7$0.09$0.9110.11
$40.00$42.50$45.00Aug 21$0.24$2.269.42
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$48.00$49.00$50.00Aug 14$0.07$0.9313.29
$46.50$47.00$47.50Jul 24$0.05$0.459.00
$50.00$51.00$52.00Jul 31$0.10$0.909.00
$49.00$50.00$51.00Aug 14$0.10$0.909.00
$43.50$44.00$44.50Jul 24$0.08$0.425.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 83 found (best net $-0.38, 78 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$55.00$58.001:2Aug 28-$0.65$2.35
$52.50$55.001:2Aug 21-$0.21$2.29
$56.00$58.001:2Jul 31-$0.22$1.78
$56.00$58.001:2Jul 24-$0.31$1.69
$53.00$55.001:2Aug 28-$0.32$1.68
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$48.00$45.001:2Aug 28-$0.38$2.62
$45.00$42.501:2Aug 21-$0.17$2.33
$42.50$41.001:2Aug 21-$0.26$1.24
$47.50$45.501:2Aug 21-$0.87$1.13
$42.00$41.001:2Aug 7-$0.06$0.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 53 found (best yield 5.52%, avg 2.09%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$48.50Aug 21$2.670.530.3%5.52%5.85%1--
$49.00Aug 21$2.310.501.4%4.78%6.14%50--
$49.00Aug 14$2.260.491.4%4.68%6.04%113
$49.50Aug 21$2.160.472.4%4.47%6.87%4--
$50.00Aug 28$2.160.453.4%4.47%7.90%11
$50.00Aug 21$2.110.443.4%4.36%7.80%122993
$49.00Aug 7$2.060.501.4%4.26%5.63%--234
$48.50Jul 31$1.950.510.3%4.03%4.36%253
$50.00Aug 14$1.810.433.4%3.74%7.18%789
$49.00Jul 31$1.720.471.4%3.56%4.92%49104

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 16,105
Total Puts 4,388
Put/Call Ratio 0.27
Net Difference 11,717

Prior's Put/Call Breakdown

Total Calls 2,867
Total Puts 4,609
Put/Call Ratio 1.61
Net Difference -1,742

Prior 7-Day Put/Call Summary

Total Calls 43,647
Total Puts 30,008
Average Put/Call Ratio 0.79
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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Chart Title

Price — Past 7 Days

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