Tour v388
LUV
SOUTHWEST AIRLS CO
$47.66 -2.12%
$46.88 (-1.65%)🌙
as of 07/22 06:05 PM
(7/22 14:05) ◀
|
Wednesday, July 22, 2026 (6:05pm)
January 2026
|
▶ (7/23 18:05)
◀ 7/22 18:05 ▶

Option Volume

Detail
ℹ
Current (07/22) 16,879
Calls: 9,200 (55%)
Puts: 7,679 (45%)
Prior (07/21) 7,877
Calls: 5,217 (66%)
Puts: 2,660 (34%)
Current vs Prior +114.28%
Calls: +76.35% (Calls)
Puts: +188.68% (Puts)
Prior 7-Day Total 81,879
Calls: 52,774 (64%)
Puts: 29,105 (36%)
Prior 7-Day Average 11,697
Calls: 7,539 (64%)
Puts: 4,157 (36%)
Current vs Prior 7-Day Avg +44.30%
Calls: +22.03%
Puts: +84.69%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22) $2.19M
Calls: $1.40M (64%)
Puts: $792.3K (36%)
Prior (07/21) $1.25M
Calls: $774.3K (62%)
Puts: $476.0K (38%)
Current vs Prior +75.06%
Calls: +80.34%
Puts: +66.47%
Prior 7-Day Total $19.21M
Calls: $13.02M (68%)
Puts: $6.20M (32%)
Prior 7-Day Average $2.74M
Calls: $1.86M (68%)
Puts: $885.5K (32%)
Current vs Prior 7-Day Avg -20.26%
Calls: -24.89%
Puts: -10.52%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22) 0.83
Prior (07/21) 0.51
Current vs Prior +63.70%
Prior 7-Day Average 0.72
Current vs Prior 7-Day Avg +16.48%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (07/22) 232,237
Calls: 141,099 (61%)
Puts: 91,138 (39%)
Prior (07/21) 227,853
Calls: 137,748 (60%)
Puts: 90,105 (40%)
Current vs Prior +1.92%
Prior 7-Day Total 1,588,738
Calls: 973,539 (61%)
Puts: 615,199 (39%)
Prior 7-Day Average 226,962
Calls: 139,077 (61%)
Puts: 87,885 (39%)
Current vs Prior 7-Day Avg +2.32%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 7.20% | 8.85%11.64% | 14.79%
Prior 7.48% | 8.93%12.36% | 15.32%
Current vs Prior -3.73% | -0.89%-5.81% | -3.45%
Prior 7-Day Avg 5.88% | 8.96%6.22% | 13.23%
Current vs 7-Day Avg +22.39% | -1.15%+87.08% | +11.84%
Prior 7-Day Eod 7.48% | 8.93%12.36% | 15.32%
Current vs 7-Day Eod -3.73% | -0.89%-5.81% | -3.45%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 14.43% | 12.34%
Calls: 15.34% | 16.11%
Puts: 13.53% | 8.57%
Prior 14.28% | 8.46%
Calls: 14.36% | 7.86%
Puts: 14.20% | 9.05%
Current vs Prior +1.05% | +45.86%
Prior 7-Day Avg 11.21% | 14.78%
Calls: 10.08% | 14.19%
Puts: 12.34% | 15.37%
Current vs 7-Day Avg +28.71% | -16.49%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 64% call dollar volume ($1.40M). Elevated premium activity with dollar volume up 75% vs prior. Unusually high activity with volume up 114% vs prior - elevated interest. P/C ratio rising 64% - increased hedging/bearish positioning.

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 NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 11 of results (avg 8.2%, best 5.2%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 217.758.45$8.108.6%30.8741
$50.00Aug 211.721.89$1.819.4%250.401.1K
$45.00Jul 313.503.85$3.689.5%100.7142
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 143.753.95$3.855.2%20.6243
$52.50Aug 215.505.90$5.707.0%--0.72187
$50.00Jul 242.923.15$3.047.6%360.7086
$49.00Aug 143.103.35$3.237.7%130.5542
$49.50Jul 242.552.76$2.667.9%270.665

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.54, cheapest $0.26)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.00Jul 240.240.27$0.2611.5%5940.142.2K
$49.50Jul 240.760.90$0.8316.9%430.34114
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 60 found (avg delta 0.69, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Jul 246.859.05$7.9527.7%30.9839
$40.50Jul 246.609.10$7.8531.8%10.986
$41.00Jul 246.108.60$7.3534.0%50.97--
$41.50Jul 245.557.60$6.5731.2%20.961
$39.50Jul 247.459.30$8.3822.1%10.9541
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$53.00Jul 244.406.20$5.3034.0%--0.9069
$52.00Jul 244.305.05$4.6816.0%10.86105
$53.00Jul 314.906.45$5.6827.3%--0.8512
$55.00Aug 217.008.40$7.7018.2%--0.8262
$51.00Jul 243.504.20$3.8518.2%--0.7936

Most actively traded options today. High liquidity = easy entry/exit. 156 active (total vol 13.8K, top 2.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$51.00Jul 240.380.47$0.4320.9%2.6K0.213.7K
$49.00Jul 240.861.25$1.0636.8%7770.39781
$57.00Aug 210.260.49$0.3860.5%6910.122
$52.00Jul 240.240.27$0.2611.5%5940.142.2K
$48.50Jul 241.091.30$1.2017.5%5500.43573
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Jul 240.170.38$0.2875.0%1.4K0.12430
$41.00Aug 210.460.60$0.5326.4%7530.147
$43.50Jul 240.220.33$0.2839.3%5270.1318
$48.00Jul 241.631.78$1.718.8%4240.52532
$44.50Jul 240.380.61$0.5046.0%3890.2037

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 47 strikes (avg 112.0%, max 187.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$43.00Jul 24Aug 28127.1%44.3%187.0%1112
$55.00Jul 24Aug 28121.6%47.7%154.7%793.6K
$47.50Jul 24Aug 21117.3%49.0%139.7%129696
$45.00Jul 24Aug 21121.2%50.7%138.8%--193
$45.50Jul 24Aug 21124.5%52.2%138.3%3423
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$43.00Jul 24Aug 21127.1%51.1%148.7%1.4K430
$45.00Jul 24Aug 28121.2%48.7%148.6%62405
$47.50Jul 24Aug 21117.3%49.0%139.7%121454
$45.50Jul 24Aug 21124.5%52.2%138.3%19214
$50.00Jul 24Aug 28114.6%48.2%137.8%36151

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 89 found (best R:R 9.00, avg 2.18)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$52.00$53.00Jul 24$0.10$0.90$0.109.00$52.10
$54.00$55.00Jul 31$0.12$0.88$0.127.33$54.12
$51.00$52.00Aug 14$0.13$0.87$0.136.69$51.13
$54.00$55.00Aug 21$0.15$0.85$0.155.67$54.15
$55.00$56.00Aug 21$0.16$0.84$0.165.25$55.16
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$41.00$39.00Aug 14$0.24$1.76$0.247.33$40.76
$41.00$40.00Aug 7$0.18$0.82$0.184.56$40.82
$39.50$39.00Jul 24$0.11$0.39$0.113.55$39.39
$43.00$42.50Jul 24$0.11$0.39$0.113.55$42.89
$42.00$41.00Aug 21$0.24$0.76$0.243.17$41.76

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 107 found (best R:R 11.50, avg 1.25)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$42.00$44.50Jul 31$2.30$2.30$0.2011.50$44.30
$43.00$45.00Jul 24$1.42$1.42$0.582.45$44.42
$40.00$42.50Aug 21$1.77$1.77$0.732.42$41.77
$47.50$48.00Jul 24$0.35$0.35$0.152.33$47.85
$46.00$48.00Aug 14$1.38$1.38$0.622.23$47.38
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.00$51.00Jul 31$0.87$0.87$0.136.69$51.13
$52.00$51.00Jul 24$0.83$0.83$0.174.88$51.17
$51.00$50.00Jul 31$0.83$0.83$0.174.88$50.17
$51.00$50.00Jul 24$0.81$0.81$0.194.26$50.19
$55.00$52.50Aug 21$2.00$2.00$0.504.00$53.00

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 46 found (avg debit $0.34, cheapest $0.09)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$44.50Jul 31Aug 21$0.1066.5%49.0%
$56.00Jul 24Jul 31$0.11105.3%66.4%
$55.00Jul 24Jul 31$0.12121.6%67.1%
$40.00Jul 24Aug 21$0.15119.7%55.8%
$53.00Jul 24Jul 31$0.20107.9%62.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$41.00Jul 24Jul 31$0.09114.5%66.4%
$42.00Jul 24Jul 31$0.13118.6%67.0%
$40.50Jul 24Jul 31$0.14115.2%74.3%
$39.00Jul 24Jul 31$0.15115.6%85.1%
$40.00Jul 24Jul 31$0.16119.7%79.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 53 found (cheapest 6.46% of stock, avg 10.92%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$48.00Jul 24$1.37$1.71$3.08$44.92$51.086.46%
$48.50Jul 24$1.20$1.90$3.10$45.40$51.606.50%
$47.50Jul 24$1.72$1.53$3.25$44.25$50.756.82%
$49.00Jul 24$1.06$2.34$3.40$45.60$52.407.13%
$47.00Jul 24$2.18$1.23$3.41$43.59$50.417.15%
$46.00Jul 24$2.57$0.91$3.48$42.52$49.487.30%
$49.50Jul 24$0.83$2.66$3.49$46.01$52.997.32%
$46.50Jul 24$2.44$1.15$3.59$42.91$50.097.53%
$45.50Jul 24$2.86$0.81$3.67$41.83$49.177.70%
$50.00Jul 24$0.72$3.04$3.76$46.24$53.767.89%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 137 found (cheapest 3.21% of stock, avg 6.05%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$50.00$45.50Jul 24$0.72$0.81$1.53$43.97$51.53
$57.00$40.00Aug 28$0.73$0.83$1.56$38.44$58.56
$55.00$40.00Aug 28$0.74$0.83$1.57$38.43$56.57
$57.00$42.00Aug 28$0.73$0.88$1.61$40.39$58.61
$55.00$42.00Aug 28$0.74$0.88$1.62$40.38$56.62
$50.00$46.00Jul 24$0.72$0.91$1.63$44.37$51.63
$49.50$45.50Jul 24$0.83$0.81$1.64$43.86$51.14
$49.50$46.00Jul 24$0.83$0.91$1.74$44.26$51.24
$51.00$45.50Jul 31$0.77$1.01$1.78$43.72$52.78
$53.00$44.00Aug 14$0.76$1.03$1.79$42.21$54.79

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 117 found (best R:R 11.50, avg credit $0.79)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
42/4246/47Jul 31$1.38$0.1211.50$41.12$46.88
46/4749/50Aug 7$0.90$0.109.00$46.10$49.90
44/4449/50Aug 7$0.89$0.118.09$43.61$49.89
48/5053/54Aug 7$1.78$0.228.09$48.22$54.78
48/4850/51Aug 21$0.88$0.127.33$47.62$50.88
42/4346/48Aug 14$1.74$0.266.69$41.26$47.74
41/4245/46Aug 21$0.86$0.146.14$41.14$45.86
46/4753/54Aug 7$0.85$0.155.67$46.15$53.85
48/4954/55Aug 14$0.85$0.155.67$48.15$54.85
48/4851/52Aug 21$0.85$0.155.67$47.65$51.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 56 found (best R:R 13.29, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$51.00$52.00$53.00Jul 24$0.07$0.9313.29
$52.00$53.00$54.00Jul 24$0.07$0.9313.29
$49.00$50.00$51.00Aug 7$0.07$0.9313.29
$47.00$48.00$49.00Aug 7$0.08$0.9211.50
$50.00$51.00$52.00Aug 7$0.10$0.909.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$50.00$52.50$55.00Aug 21$0.23$2.279.87
$44.50$45.00$45.50Jul 24$0.05$0.459.00
$48.00$49.00$50.00Aug 14$0.10$0.909.00
$42.00$42.50$43.00Jul 24$0.06$0.447.33
$49.00$49.50$50.00Jul 24$0.06$0.447.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 73 found (best net $-0.96, 69 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$43.00$47.001:2Aug 28-$0.96$3.04
$53.00$55.001:2Aug 28-$0.38$1.62
$55.00$57.001:2Aug 28-$0.72$1.28
$52.00$53.001:2Jul 24-$0.06$0.94
$55.00$56.001:2Jul 31-$0.06$0.94
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$42.001:2Aug 28-$0.07$2.93
$41.00$39.001:2Aug 14-$0.09$1.91
$42.00$40.001:2Aug 28-$0.78$1.22
$50.00$48.001:2Aug 7-$0.81$1.19
$40.00$39.001:2Jul 31-$0.13$0.87

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 52 found (best yield 5.60%, avg 1.95%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$48.00Aug 28$2.670.520.7%5.60%6.32%--19
$48.00Aug 21$2.430.510.7%5.10%5.81%26
$48.00Aug 14$2.350.520.7%4.93%5.64%110
$48.00Aug 7$2.060.500.7%4.32%5.04%--17
$49.00Aug 21$1.980.452.8%4.15%6.97%351
$48.00Jul 31$1.730.500.7%3.63%4.34%21135
$50.00Aug 21$1.720.404.9%3.61%8.52%251.1K
$49.50Aug 21$1.670.423.9%3.50%7.36%15
$49.00Aug 14$1.650.462.8%3.46%6.27%--25
$49.00Aug 7$1.550.432.8%3.25%6.06%1234

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 9,200
Total Puts 7,679
Put/Call Ratio 0.83
Net Difference 1,521

Prior's Put/Call Breakdown

Total Calls 5,217
Total Puts 2,660
Put/Call Ratio 0.51
Net Difference 2,557

Prior 7-Day Put/Call Summary

Total Calls 52,774
Total Puts 29,105
Average Put/Call Ratio 0.72
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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Chart Title

Price — Past 7 Days

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