LUV - Options Database

LUV

SOUTHWEST AIRLS CO

$48.69 +0.72%

$48.22 (-0.96%)🌙

as of 07/21 06:01 PM

(7/21 14:05) ◀

Tuesday, July 21, 2026 (6:01pm)

▶ (7/22 14:05)

◀ 7/21 18:01 ▶

Option Volume

Detail

ℹ

Current (07/21) 7,877

Calls: 5,217 (66%)

Puts: 2,660 (34%)

Prior (07/20) 20,493

Calls: 16,105 (79%)

Puts: 4,388 (21%)

Current vs Prior -61.56%

Calls: -67.61% (Calls)

Puts: -39.38% (Puts)

Prior 7-Day Total 85,695

Calls: 54,814 (64%)

Puts: 30,881 (36%)

Prior 7-Day Average 12,242

Calls: 7,830 (64%)

Puts: 4,411 (36%)

Current vs Prior 7-Day Avg -35.66%

Calls: -33.38%

Puts: -39.70%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/21) $1.25M

Calls: $774.3K (62%)

Puts: $476.0K (38%)

Prior (07/20) $6.56M

Calls: $5.55M (85%)

Puts: $1.01M (15%)

Current vs Prior -80.93%

Calls: -86.04%

Puts: -52.78%

Prior 7-Day Total $19.39M

Calls: $13.31M (69%)

Puts: $6.08M (31%)

Prior 7-Day Average $2.77M

Calls: $1.90M (69%)

Puts: $868.0K (31%)

Current vs Prior 7-Day Avg -54.86%

Calls: -59.28%

Puts: -45.17%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/21) 0.51

Prior (07/20) 0.27

Current vs Prior +87.13%

Prior 7-Day Average 0.73

Current vs Prior 7-Day Avg -30.26%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/21) 227,853

Calls: 137,748 (60%)

Puts: 90,105 (40%)

Prior (07/20) 220,897

Calls: 132,744 (60%)

Puts: 88,153 (40%)

Current vs Prior +3.15%

Prior 7-Day Total 1,620,836

Calls: 996,120 (61%)

Puts: 624,716 (39%)

Prior 7-Day Average 231,548

Calls: 142,302 (61%)

Puts: 89,245 (39%)

Current vs Prior 7-Day Avg -1.60%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)

Current 7.48% | 8.93%12.36% | 15.32%

Prior 7.76% | 9.33%12.12% | 14.85%

Current vs Prior -3.63% | -4.24%+1.99% | +3.15%

Prior 7-Day Avg 5.56% | 9.09%5.21% | 12.91%

Current vs 7-Day Avg +34.35% | -1.69%+137.28% | +18.68%

Prior 7-Day Eod 7.76% | 9.33%12.12% | 14.85%

Current vs 7-Day Eod -3.63% | -4.24%+1.99% | +3.15%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 14.28% | 8.46%

Calls: 14.36% | 7.86%

Puts: 14.20% | 9.05%

Prior 10.70% | 15.83%

Calls: 9.37% | 15.24%

Puts: 12.03% | 16.42%

Current vs Prior +33.46% | -46.56%

Prior 7-Day Avg 10.70% | 15.83%

Calls: 9.37% | 15.24%

Puts: 12.03% | 16.42%

Current vs 7-Day Avg +33.46% | -46.56%

Liquidity Expensive

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Moderately bullish flow with 62% call dollar volume ($774.3K). Light premium activity with dollar volume down 81% vs prior. Below-average activity with volume down 62% vs prior. Bullish P/C ratio of 0.51.

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 BULLISH

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 27 of results (avg 7.8%, best 5.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$48.50	Jul 31	2.08	2.20	$2.14	5.6%	--	0.53	55
$50.00	Aug 14	1.97	2.09	$2.03	5.9%	4	0.45	89
$48.00	Aug 14	2.90	3.10	$3.00	6.7%	8	0.58	2
$48.00	Jul 31	2.31	2.50	$2.41	7.9%	12	0.57	135
$40.00	Aug 21	8.90	9.70	$9.30	8.6%	--	0.91	41

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$51.00	Aug 14	3.75	3.95	$3.85	5.2%	22	0.61	5
$48.00	Aug 14	2.13	2.25	$2.19	5.5%	16	0.43	39
$50.00	Aug 14	3.15	3.35	$3.25	6.2%	1	0.55	43
$49.50	Jul 31	2.36	2.51	$2.43	6.2%	--	0.55	23
$47.00	Aug 14	1.71	1.82	$1.77	6.2%	1	0.37	95

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.78, cheapest $0.78)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$55.00	Aug 21	0.72	0.85	$0.78	16.7%	50	0.21	914

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 53 found (avg delta 0.70, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$39.00	Jul 24	8.85	10.30	$9.57	15.2%	4	1.00	2
$40.00	Jul 24	7.80	9.40	$8.60	18.6%	2	1.00	39
$40.50	Jul 24	7.30	9.25	$8.28	23.6%	1	0.94	5
$42.00	Jul 24	5.95	7.20	$6.58	19.0%	3	0.94	300
$42.50	Jul 24	5.40	7.30	$6.35	29.9%	2	0.94	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$57.50	Aug 21	8.45	10.80	$9.63	24.4%	--	0.86	88
$53.00	Jul 24	4.00	5.20	$4.60	26.1%	3	0.82	69
$55.00	Aug 21	6.05	8.65	$7.35	35.4%	--	0.79	62
$53.00	Jul 31	3.90	6.05	$4.97	43.3%	3	0.78	12
$52.00	Jul 24	3.75	4.05	$3.90	7.7%	--	0.77	105

Most actively traded options today. High liquidity = easy entry/exit. 126 active (total vol 6.0K, top 2.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$50.00	Jul 24	1.02	1.30	$1.16	24.1%	2.8K	0.39	480
$48.50	Jul 24	1.68	1.84	$1.76	9.1%	331	0.53	294
$49.00	Jul 24	1.40	1.60	$1.50	13.3%	203	0.48	739
$54.00	Aug 21	0.88	1.60	$1.24	58.1%	148	0.28	--
$52.00	Jul 24	0.47	0.60	$0.53	24.5%	66	0.23	2.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$48.50	Jul 24	1.54	1.74	$1.64	12.2%	351	0.47	241
$48.00	Jul 24	1.26	1.52	$1.39	18.7%	213	0.42	388
$40.00	Aug 21	0.32	0.40	$0.36	22.2%	143	0.10	362
$45.00	Aug 21	1.23	1.54	$1.39	22.3%	141	0.28	151
$41.00	Jul 24	0.05	0.17	$0.11	109.1%	77	0.05	476

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 87.2%, max 180.8%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$58.00	Jul 24	Aug 21	149.0%	53.1%	180.8%	36	145
$42.00	Jul 24	Aug 21	108.1%	49.9%	116.5%	4	300
$42.50	Jul 24	Aug 21	101.1%	48.7%	107.5%	2	42
$47.50	Jul 24	Aug 21	98.0%	47.3%	107.1%	8	691
$48.00	Jul 24	Aug 28	97.2%	47.4%	105.1%	46	768

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$42.00	Jul 24	Aug 28	108.1%	43.6%	147.6%	35	133
$44.00	Jul 24	Aug 21	104.2%	44.7%	133.2%	16	219
$41.00	Jul 24	Aug 21	118.8%	55.7%	113.1%	78	482
$42.50	Jul 24	Aug 21	101.1%	48.7%	107.5%	11	426
$47.50	Jul 24	Aug 21	98.0%	47.3%	107.1%	44	432

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 96 found (best R:R 11.50, avg 2.18)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$56.00	$57.50	Aug 21	$0.12	$1.38	$0.12	11.50	$56.12
$52.00	$53.00	Jul 24	$0.13	$0.87	$0.13	6.69	$52.13
$54.00	$55.00	Aug 14	$0.15	$0.85	$0.15	5.67	$54.15
$48.00	$49.00	Aug 21	$0.15	$0.85	$0.15	5.67	$48.15
$53.00	$54.00	Jul 31	$0.16	$0.84	$0.16	5.25	$53.16

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$40.00	$39.00	Aug 14	$0.14	$0.86	$0.14	6.14	$39.86
$46.00	$45.00	Jul 31	$0.19	$0.81	$0.19	4.26	$45.81
$42.00	$41.00	Aug 7	$0.19	$0.81	$0.19	4.26	$41.81
$41.00	$40.00	Aug 21	$0.21	$0.79	$0.21	3.76	$40.79
$46.00	$45.50	Aug 7	$0.11	$0.39	$0.11	3.55	$45.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 113 found (best R:R 12.89, avg 1.25)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$43.00	$45.00	Jul 24	$1.78	$1.78	$0.22	8.09	$44.78
$45.50	$46.50	Jul 24	$0.79	$0.79	$0.21	3.76	$46.29
$42.50	$45.00	Aug 21	$1.97	$1.97	$0.53	3.72	$44.47
$42.50	$43.00	Jul 24	$0.37	$0.37	$0.13	2.85	$42.87
$46.50	$47.00	Jul 24	$0.36	$0.36	$0.14	2.57	$46.86

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$55.00	$52.50	Aug 21	$2.32	$2.32	$0.18	12.89	$52.68
$57.50	$55.00	Aug 21	$2.28	$2.28	$0.22	10.36	$55.22
$53.00	$52.00	Jul 31	$0.84	$0.84	$0.16	5.25	$52.16
$48.50	$47.50	Aug 21	$0.81	$0.81	$0.19	4.26	$47.69
$52.00	$51.00	Jul 24	$0.77	$0.77	$0.23	3.35	$51.23

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 37 found (avg debit $0.35, cheapest $0.09)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$58.00	Jul 24	Jul 31	$0.19	149.0%	93.0%
$53.00	Jul 24	Jul 31	$0.23	99.3%	64.3%
$54.00	Jul 24	Jul 31	$0.25	93.8%	64.7%
$52.00	Jul 24	Jul 31	$0.27	96.2%	62.7%
$50.00	Jul 24	Jul 31	$0.30	100.6%	64.2%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$40.00	Jul 24	Jul 31	$0.09	105.8%	72.7%
$47.00	Jul 24	Jul 31	$0.17	104.3%	62.2%
$46.00	Jul 24	Jul 31	$0.22	99.6%	62.3%
$43.00	Jul 24	Jul 31	$0.23	98.4%	69.4%
$52.00	Jul 24	Jul 31	$0.23	96.2%	62.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 47 found (cheapest 6.94% of stock, avg 11.25%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$49.00	Jul 24	$1.50	$1.88	$3.38	$45.62	$52.38	6.94%
$48.50	Jul 24	$1.76	$1.64	$3.40	$45.10	$51.90	6.98%
$48.00	Jul 24	$2.06	$1.39	$3.45	$44.55	$51.45	7.09%
$47.50	Jul 24	$2.36	$1.19	$3.55	$43.95	$51.05	7.29%
$50.00	Jul 24	$1.16	$2.46	$3.62	$46.38	$53.62	7.43%
$47.00	Jul 24	$2.70	$1.09	$3.79	$43.21	$50.79	7.78%
$46.50	Jul 24	$3.06	$0.81	$3.87	$42.63	$50.37	7.95%
$51.00	Jul 24	$0.83	$3.13	$3.96	$47.04	$54.96	8.13%
$49.00	Jul 31	$1.88	$2.21	$4.09	$44.91	$53.09	8.40%
$48.00	Jul 31	$2.41	$1.69	$4.10	$43.90	$52.10	8.42%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 126 found (cheapest 2.75% of stock, avg 6.38%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$52.00	$46.50	Jul 24	$0.53	$0.81	$1.34	$45.16	$53.34
$52.00	$47.00	Jul 24	$0.53	$1.09	$1.62	$45.38	$53.62
$51.00	$46.50	Jul 24	$0.83	$0.81	$1.64	$44.86	$52.64
$52.00	$47.50	Jul 24	$0.53	$1.19	$1.72	$45.78	$53.72
$54.00	$45.00	Aug 14	$0.73	$1.08	$1.81	$43.19	$55.81
$52.00	$46.50	Jul 31	$0.80	$1.08	$1.88	$44.62	$53.88
$54.00	$46.00	Aug 7	$0.65	$1.25	$1.90	$44.10	$55.90
$51.00	$47.00	Jul 24	$0.83	$1.09	$1.92	$45.08	$52.92
$52.00	$48.00	Jul 24	$0.53	$1.39	$1.92	$46.08	$53.92
$53.00	$42.00	Aug 28	$1.49	$0.47	$1.96	$40.04	$54.96

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 203 found (best R:R 9.00, avg credit $0.63)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
45/46	49/50	Aug 7	$0.90	$0.10	9.00	$44.60	$49.90
41/42	48/49	Aug 14	$0.90	$0.10	9.00	$41.10	$48.90
50/51	53/54	Aug 14	$0.88	$0.12	7.33	$50.12	$53.88
46/48	49/50	Aug 21	$1.32	$0.18	7.33	$46.18	$50.32
40/41	42/45	Aug 21	$2.18	$0.32	6.81	$38.82	$44.68
43/44	49/50	Aug 7	$0.87	$0.13	6.69	$43.13	$49.87
43/44	49/50	Aug 14	$0.87	$0.13	6.69	$43.13	$49.87
45/46	49/50	Aug 14	$0.87	$0.13	6.69	$45.13	$49.87
42/42	47/48	Jul 31	$0.85	$0.15	5.67	$41.65	$47.85
45/46	47/48	Jul 31	$0.85	$0.15	5.67	$45.15	$47.85

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 $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$55.00	$56.00	$57.00	Jul 24	$0.06	$0.94	15.67
$49.00	$50.00	$51.00	Aug 7	$0.06	$0.94	15.67
$52.00	$53.00	$54.00	Aug 14	$0.06	$0.94	15.67
$54.00	$55.00	$56.00	Jul 31	$0.08	$0.92	11.50
$50.00	$51.00	$52.00	Aug 14	$0.10	$0.90	9.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$49.00	$50.00	$51.00	Jul 24	$0.09	$0.91	10.11
$46.00	$47.00	$48.00	Aug 14	$0.09	$0.91	10.11
$47.50	$48.00	$48.50	Jul 24	$0.05	$0.45	9.00
$50.00	$51.00	$52.00	Jul 24	$0.10	$0.90	9.00
$51.00	$52.00	$53.00	Jul 31	$0.11	$0.89	8.09

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 64 found (best net $-0.91, 59 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$44.00	$48.00	1:2	Aug 28	-$0.91	$3.09
$42.00	$45.00	1:2	Jul 31	-$1.07	$1.93
$56.00	$58.00	1:2	Jul 31	-$0.41	$1.59
$56.00	$57.50	1:2	Aug 21	-$0.34	$1.16
$54.00	$55.00	1:2	Jul 24	-$0.10	$0.90

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$42.00	$41.00	1:2	Aug 7	-$0.10	$0.90
$44.00	$43.00	1:2	Aug 7	-$0.10	$0.90
$40.00	$39.00	1:2	Aug 14	-$0.11	$0.89
$44.00	$43.00	1:2	Aug 14	-$0.13	$0.87
$41.00	$40.00	1:2	Aug 21	-$0.15	$0.85

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 45 found (best yield 5.50%, avg 2.10%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$49.00	Aug 21	$2.68	0.51	0.6%	5.50%	6.14%	1	50
$49.50	Aug 21	$2.46	0.47	1.7%	5.05%	6.72%	1	4
$49.00	Aug 14	$2.40	0.52	0.6%	4.93%	5.57%	18	13
$50.00	Aug 21	$2.24	0.45	2.7%	4.60%	7.29%	10	1.1K
$49.00	Aug 7	$2.14	0.51	0.6%	4.40%	5.03%	--	234
$50.00	Aug 14	$1.97	0.45	2.7%	4.05%	6.74%	4	89
$49.00	Jul 31	$1.79	0.49	0.6%	3.68%	4.31%	10	131
$51.00	Aug 21	$1.75	0.39	4.7%	3.59%	8.34%	--	11
$50.00	Aug 7	$1.68	0.44	2.7%	3.45%	6.14%	--	49
$49.50	Jul 31	$1.59	0.45	1.7%	3.27%	4.93%	--	26

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 5,217

Total Puts 2,660

Put/Call Ratio 0.51

Net Difference 2,557

Prior's Put/Call Breakdown

Total Calls 16,105

Total Puts 4,388

Put/Call Ratio 0.27

Net Difference 11,717

Prior 7-Day Put/Call Summary

Total Calls 54,814

Total Puts 30,881

Average Put/Call Ratio 0.73

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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