Tour v394
LUV
SOUTHWEST AIRLS CO
$44.71 -6.19%
$44.79 (+0.17%)🌙
as of 07/23 06:05 PM
(7/22 18:05) ◀
|
Thursday, July 23, 2026 (6:05pm)
January 2026
|
▶ (7/25 01:35)
◀ 7/23 18:05 ▶

Option Volume

Detail
ℹ
Current (07/23) 13,831
Calls: 7,816 (57%)
Puts: 6,015 (43%)
Prior (07/22) 16,879
Calls: 9,200 (55%)
Puts: 7,679 (45%)
Current vs Prior -18.06%
Calls: -15.04% (Calls)
Puts: -21.67% (Puts)
Prior 7-Day Total 92,380
Calls: 57,980 (63%)
Puts: 34,400 (37%)
Prior 7-Day Average 13,197
Calls: 8,282 (63%)
Puts: 4,914 (37%)
Current vs Prior 7-Day Avg +4.80%
Calls: -5.64%
Puts: +22.40%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/23) $2.97M
Calls: $1.32M (44%)
Puts: $1.65M (56%)
Prior (07/22) $2.19M
Calls: $1.40M (64%)
Puts: $792.3K (36%)
Current vs Prior +35.85%
Calls: -5.30%
Puts: +108.39%
Prior 7-Day Total $20.18M
Calls: $13.58M (67%)
Puts: $6.60M (33%)
Prior 7-Day Average $2.88M
Calls: $1.94M (67%)
Puts: $942.9K (33%)
Current vs Prior 7-Day Avg +3.14%
Calls: -31.83%
Puts: +75.11%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 0.77
Prior (07/22) 0.83
Current vs Prior -7.80%
Prior 7-Day Average 0.75
Current vs Prior 7-Day Avg +2.53%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (07/23) 240,706
Calls: 145,977 (61%)
Puts: 94,729 (39%)
Prior (07/22) 232,237
Calls: 141,099 (61%)
Puts: 91,138 (39%)
Current vs Prior +3.65%
Prior 7-Day Total 1,575,431
Calls: 966,448 (61%)
Puts: 608,983 (39%)
Prior 7-Day Average 225,061
Calls: 138,064 (61%)
Puts: 86,997 (39%)
Current vs Prior 7-Day Avg +6.95%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.18% | 6.04%10.71% | 13.93%
Prior 7.20% | 8.85%11.64% | 14.79%
Current vs Prior -55.87% | -31.80%-8.00% | -5.80%
Prior 7-Day Avg 6.23% | 8.90%7.21% | 13.50%
Current vs 7-Day Avg -49.06% | -32.16%+48.50% | +3.24%
Prior 7-Day Eod 7.20% | 8.85%11.64% | 14.79%
Current vs 7-Day Eod -55.87% | -31.80%-8.00% | -5.80%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 14.43% | 12.34%
Calls: 15.34% | 16.11%
Puts: 13.53% | 8.57%
Prior 14.43% | 12.34%
Calls: 15.34% | 16.11%
Puts: 13.53% | 8.57%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 11.74% | 14.28%
Calls: 10.94% | 14.31%
Puts: 12.55% | 14.25%
Current vs 7-Day Avg +22.87% | -13.58%
Liquidity Expensive
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🤖 AI Insights

Call-heavy open interest (145,977 calls vs 94,729 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
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

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

No options available for this category

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

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 84 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.00Jul 246.308.80$7.5533.1%--1.0071
$38.00Jul 245.358.00$6.6839.7%--1.0041
$39.50Jul 243.757.10$5.4361.7%11.0042
$40.00Jul 243.955.80$4.8837.9%81.0039
$40.50Jul 242.756.10$4.4375.6%51.007
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.00Jul 316.159.15$7.6539.2%11.00177
$53.00Jul 246.6010.35$8.4844.2%940.9969
$50.00Jul 244.557.40$5.9847.7%1460.9991
$49.00Jul 243.955.60$4.7834.5%250.99232
$51.00Jul 244.408.35$6.3861.9%570.9836

Most actively traded options today. High liquidity = easy entry/exit. 176 active (total vol 7.5K, top 385)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 140.240.80$0.52107.7%3850.1989
$50.00Aug 210.500.65$0.5726.3%3710.201.1K
$45.00Jul 240.100.90$0.50160.0%2180.4157
$47.50Aug 210.971.33$1.1531.3%1580.34425
$45.00Jul 311.001.20$1.1018.2%1380.4949
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Jul 240.050.10$0.0862.5%3340.111.2K
$45.00Jul 240.511.00$0.7664.5%3010.59418
$46.00Jul 241.191.89$1.5445.5%2270.87385
$41.00Jul 240.000.03$0.02150.0%2070.02617
$42.00Jul 310.250.70$0.4893.7%1970.2145

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 136.5%, max 715.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$49.50Jul 24Aug 21305.6%37.5%715.6%35128
$37.00Jul 24Aug 21177.9%49.8%257.5%171
$52.00Jul 24Sep 4148.4%44.2%236.1%1322.6K
$48.50Jul 24Aug 7154.4%47.4%225.4%24277
$51.00Jul 24Sep 4117.3%43.0%172.5%665.3K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$49.50Jul 24Aug 21305.6%37.5%715.6%731
$39.00Jul 24Aug 21233.8%43.0%443.3%2117
$41.50Jul 24Jul 31223.0%59.7%273.7%7182
$37.00Jul 24Aug 21177.9%49.8%257.5%2032
$52.00Jul 24Aug 21148.4%44.0%236.9%158106

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 85 found (best R:R 7.33, avg 2.06)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$51.00$52.00Sep 4$0.12$0.88$0.127.33$51.12
$50.00$51.00Aug 14$0.13$0.87$0.136.69$50.13
$50.00$51.00Aug 21$0.14$0.86$0.146.14$50.14
$48.00$51.00Aug 28$0.46$2.54$0.465.52$48.46
$49.00$50.00Aug 14$0.18$0.82$0.184.56$49.18
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$42.00$41.00Aug 21$0.13$0.87$0.136.69$41.87
$42.00$40.00Aug 7$0.37$1.63$0.374.41$41.63
$41.00$40.00Jul 31$0.20$0.80$0.204.00$40.80
$48.50$48.00Jul 31$0.10$0.40$0.104.00$48.40
$43.00$42.00Aug 14$0.21$0.79$0.213.76$42.79

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 102 found (best R:R 9.00, avg 1.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$38.00$39.00Jul 24$0.88$0.88$0.127.33$38.88
$37.00$38.00Jul 24$0.87$0.87$0.136.69$37.87
$43.00$44.00Jul 24$0.85$0.85$0.155.67$43.85
$39.00$39.50Jul 24$0.37$0.37$0.132.85$39.37
$44.00$44.50Jul 31$0.36$0.36$0.142.57$44.36
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$49.50$48.50Aug 21$0.90$0.90$0.109.00$48.60
$52.00$50.00Aug 21$1.80$1.80$0.209.00$50.20
$49.00$48.00Aug 28$0.83$0.83$0.174.88$48.17
$49.50$49.00Jul 24$0.40$0.40$0.104.00$49.10
$52.00$50.00Aug 7$1.60$1.60$0.404.00$50.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 37 found (avg debit $0.47, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$49.00Jul 24Jul 31$0.1378.8%46.1%
$48.00Jul 24Jul 31$0.2078.2%43.5%
$53.00Jul 24Jul 31$0.25133.6%85.1%
$50.00Jul 24Jul 31$0.2693.3%63.7%
$51.00Jul 24Jul 31$0.26117.3%71.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$38.00Jul 24Jul 31$0.05155.6%66.2%
$51.00Jul 24Jul 31$0.07117.3%71.4%
$46.50Jul 24Jul 31$0.0877.1%49.1%
$40.00Jul 24Jul 31$0.11111.9%56.6%
$42.50Jul 24Jul 31$0.2488.8%47.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 74 found (cheapest 2.46% of stock, avg 10.74%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$44.00Jul 24$0.86$0.24$1.10$42.90$45.102.46%
$45.00Jul 24$0.50$0.76$1.26$43.74$46.262.82%
$45.50Jul 24$0.28$1.20$1.48$44.02$46.983.31%
$46.00Jul 24$0.08$1.54$1.62$44.38$47.623.62%
$43.00Jul 24$1.71$0.08$1.79$41.21$44.794.00%
$42.50Jul 24$2.19$0.15$2.34$40.16$44.845.23%
$46.50Jul 24$0.12$2.28$2.40$44.10$48.905.37%
$45.00Jul 31$1.10$1.31$2.41$42.59$47.415.39%
$44.50Jul 31$1.39$1.04$2.43$42.07$46.935.44%
$42.00Jul 24$2.51$0.05$2.56$39.44$44.565.73%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 143 found (cheapest 0.60% of stock, avg 4.39%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$46.50$42.50Jul 24$0.12$0.15$0.27$42.23$46.77
$46.50$44.00Jul 24$0.12$0.24$0.36$43.64$46.86
$48.50$42.50Jul 24$0.25$0.15$0.40$42.10$48.90
$45.50$42.50Jul 24$0.28$0.15$0.43$42.07$45.93
$46.50$43.50Jul 24$0.12$0.33$0.45$43.05$46.95
$48.50$44.00Jul 24$0.25$0.24$0.49$43.51$48.99
$45.50$44.00Jul 24$0.28$0.24$0.52$43.48$46.02
$48.50$43.50Jul 24$0.25$0.33$0.58$42.92$49.08
$45.50$43.50Jul 24$0.28$0.33$0.61$42.89$46.11
$45.00$42.50Jul 24$0.50$0.15$0.65$41.85$45.65

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 138 found (best R:R 8.09, avg credit $0.62)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
43/4448/49Aug 21$0.89$0.118.09$42.61$48.89
44/4446/47Aug 7$0.87$0.136.69$43.63$46.87
38/3940/40Jul 24$0.84$0.165.25$38.16$40.34
45/4648/49Aug 14$0.83$0.174.88$45.17$48.83
42/4345/46Aug 7$0.82$0.184.56$42.18$45.82
44/4546/46Aug 21$0.82$0.184.56$44.18$46.32
41/4246/47Aug 14$0.79$0.213.76$41.21$46.79
44/4548/49Aug 14$0.79$0.213.76$44.21$48.79
45/4652/53Aug 14$0.79$0.213.76$45.21$52.79
48/4952/53Aug 14$0.79$0.213.76$48.21$52.79

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 63 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$48.00$49.00$50.00Aug 14$0.05$0.9519.00
$46.00$46.50$47.00Jul 31$0.05$0.459.00
$46.50$47.00$47.50Jul 24$0.07$0.436.14
$44.00$44.50$45.00Jul 31$0.07$0.436.14
$48.50$49.00$49.50Jul 31$0.08$0.425.25
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$51.00$52.00$53.00Jul 24$0.06$0.9415.67
$40.00$42.00$44.00Aug 28$0.14$1.8613.29
$44.50$45.00$45.50Jul 31$0.06$0.447.33
$44.50$45.00$45.50Aug 7$0.06$0.447.33
$47.00$47.50$48.00Aug 21$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. 80 found (best net $-0.07, 70 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$48.00$51.001:2Aug 28-$0.07$2.93
$48.00$51.001:2Sep 4-$0.20$2.80
$44.00$46.001:2Aug 14-$0.46$1.54
$37.00$40.001:2Aug 21-$1.64$1.36
$48.00$49.001:2Aug 21-$0.07$0.93
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$40.00$38.001:2Jul 31-$0.02$1.98
$42.00$40.001:2Aug 28-$0.27$1.73
$44.00$42.001:2Aug 28-$0.64$1.36
$46.00$44.001:2Aug 28-$0.72$1.28
$38.00$37.001:2Jul 31-$0.06$0.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 36 found (best yield 4.54%, avg 1.28%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$45.00Aug 21$2.030.510.7%4.54%5.19%62136
$45.50Aug 21$1.640.471.8%3.67%5.44%--23
$46.00Aug 21$1.420.432.9%3.18%6.06%233
$45.00Aug 7$1.400.490.7%3.13%3.78%249
$46.00Aug 14$1.310.432.9%2.93%5.82%1620
$45.00Jul 31$1.000.490.7%2.24%2.89%13849
$46.00Aug 7$1.000.412.9%2.24%5.12%45
$47.50Aug 21$0.970.346.2%2.17%8.41%158425
$48.00Aug 21$0.940.317.4%2.10%9.46%17
$45.50Jul 31$0.760.431.8%1.70%3.47%59

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 7,816
Total Puts 6,015
Put/Call Ratio 0.77
Net Difference 1,801

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 57,980
Total Puts 34,400
Average Put/Call Ratio 0.75
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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