Tour v396
LUV
SOUTHWEST AIRLS CO
$45.08 +0.83%
$45.20 (+0.27%)🌙
as of 07/25 01:44 AM
(7/23 18:05) ◀
|
Friday, July 24, 2026 (1:44am)
January 2026
|
▶ (7/27 18:05)
◀ 7/24 01:44 ▶

Option Volume

Detail
ℹ
Current (07/25) 7,902
Calls: 4,169 (53%)
Puts: 3,733 (47%)
Prior (07/23) 13,831
Calls: 7,816 (57%)
Puts: 6,015 (43%)
Current vs Prior -42.87%
Calls: -46.66% (Calls)
Puts: -37.94% (Puts)
Prior 7-Day Total 80,031
Calls: 51,901 (65%)
Puts: 28,130 (35%)
Prior 7-Day Average 13,338
Calls: 7,414 (65%)
Puts: 4,018 (35%)
Current vs Prior 7-Day Avg -40.76%
Calls: -43.77%
Puts: -7.11%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/25) $1.22M
Calls: $583.3K (48%)
Puts: $634.5K (52%)
Prior (07/23) $2.97M
Calls: $1.32M (44%)
Puts: $1.65M (56%)
Current vs Prior -59.05%
Calls: -55.89%
Puts: -61.57%
Prior 7-Day Total $17.49M
Calls: $12.24M (70%)
Puts: $5.26M (30%)
Prior 7-Day Average $2.92M
Calls: $1.75M (70%)
Puts: $750.7K (30%)
Current vs Prior 7-Day Avg -58.23%
Calls: -66.63%
Puts: -15.48%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/25) 0.90
Prior (07/23) 0.77
Current vs Prior +16.35%
Prior 7-Day Average 0.71
Current vs Prior 7-Day Avg +26.29%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (07/25) 141,213
Calls: 84,790 (60%)
Puts: 56,423 (40%)
Prior (07/23) 240,706
Calls: 145,977 (61%)
Puts: 94,729 (39%)
Current vs Prior -41.33%
Prior 7-Day Total 1,439,009
Calls: 874,877 (61%)
Puts: 564,132 (39%)
Prior 7-Day Average 239,834
Calls: 145,812 (61%)
Puts: 94,022 (39%)
Current vs Prior 7-Day Avg -41.12%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 5.90% | 7.63%10.18% | 13.42%
Prior 3.18% | 6.04%10.71% | 13.93%
Current vs Prior +85.79% | +26.36%-4.96% | -3.69%
Prior 7-Day Avg 6.23% | 8.53%8.63% | 13.88%
Current vs 7-Day Avg -5.35% | -10.51%+17.94% | -3.32%
Prior 7-Day Eod 3.18% | 6.04%10.71% | 13.93%
Current vs 7-Day Eod +85.79% | +26.36%-4.96% | -3.69%
Sentiment BEARISHBULLISH

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 12.54% | 13.44%
Calls: 12.19% | 14.30%
Puts: 12.89% | 12.58%
Current vs 7-Day Avg +15.07% | -8.17%
Liquidity Expensive
+
Add Card

🤖 AI Insights

Light premium activity with dollar volume down 59% vs prior. Below-average activity with volume down 43% vs prior. Call-heavy open interest (84,790 calls vs 56,423 puts) suggests bullish positioning. Declining open interest (down 41%) indicates positions being closed.

Smart Money BEARISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
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 4 of results (avg 8.7%, best 7.7%)

CALLS (0)
No calls meet the criteria
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$49.00Aug 214.354.70$4.537.7%300.72--
$46.00Aug 212.432.63$2.537.9%20.54--
$45.00Aug 211.922.11$2.019.5%100.47285
$48.00Aug 143.403.75$3.589.8%20.7053

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.87, cheapest $0.84)

CALLS (0)
No calls meet the criteria
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.50Aug 70.790.88$0.8410.7%490.333
$42.00Aug 210.810.99$0.9020.0%10.26--

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 67 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$37.00Jul 247.959.15$8.5514.0%21.00--
$38.00Jul 246.908.25$7.5817.8%31.00--
$39.00Jul 245.757.35$6.5524.4%31.00--
$40.00Jul 244.955.60$5.2812.3%31.0040
$38.00Jul 317.009.25$8.1327.7%20.982
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.00Jul 246.207.45$6.8318.3%190.9920
$50.00Jul 243.505.10$4.3037.2%10.99--
$48.50Jul 242.013.55$2.7855.4%80.99--
$47.50Jul 241.842.55$2.1932.4%690.9997
$49.00Jul 242.564.10$3.3346.2%50.98--

Most actively traded options today. High liquidity = easy entry/exit. 173 active (total vol 4.5K, top 447)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 210.510.69$0.6030.0%4470.211.1K
$52.50Aug 210.190.40$0.3070.0%2180.12653
$45.00Jul 240.020.60$0.31187.1%1300.60110
$48.00Jul 310.010.31$0.16187.5%1020.14145
$50.00Jul 310.000.10$0.05200.0%740.05158
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$44.00Jul 240.000.20$0.10200.0%3650.17558
$43.50Jul 240.000.01$0.01100.0%1940.02410
$44.00Aug 141.071.51$1.2934.1%1550.38332
$45.00Jul 240.000.16$0.08200.0%1410.40445
$45.00Jul 310.951.20$1.0823.1%1270.47609

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 1001.8%, max 3871.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.00Jul 24Aug 141738.1%48.9%3457.3%20302
$49.50Jul 24Aug 211095.3%44.2%2378.0%2100
$53.00Jul 24Aug 281026.2%42.6%2310.7%21--
$40.00Jul 24Aug 21835.2%44.4%1781.6%984
$52.00Jul 24Aug 14749.0%41.7%1694.6%232.8K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.00Jul 24Aug 211738.1%43.8%3871.6%20--
$52.00Jul 24Sep 4749.0%40.6%1743.8%2120
$40.00Jul 24Sep 4835.2%49.2%1598.8%71
$41.00Jul 24Sep 4757.3%47.7%1489.1%70662
$50.00Jul 24Sep 4565.5%40.2%1307.5%4--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 78 found (best R:R 9.00, avg 2.07)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$52.00$53.00Jul 31$0.14$0.86$0.146.14$52.14
$50.00$51.00Aug 28$0.14$0.86$0.146.14$50.14
$51.00$53.00Aug 28$0.32$1.68$0.325.25$51.32
$50.00$52.00Aug 14$0.35$1.65$0.354.71$50.35
$48.00$50.00Aug 14$0.40$1.60$0.404.00$48.40
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$39.00$38.00Jul 31$0.10$0.90$0.109.00$38.90
$41.00$40.00Aug 7$0.13$0.87$0.136.69$40.87
$41.00$39.00Aug 14$0.33$1.67$0.335.06$40.67
$41.00$40.00Sep 4$0.18$0.82$0.184.56$40.82
$46.00$45.00Sep 4$0.18$0.82$0.184.56$45.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 88 found (best R:R 22.91, avg 1.55)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$38.00$43.50Aug 7$5.27$5.27$0.2322.91$43.27
$38.00$43.00Jul 31$4.62$4.62$0.3812.16$42.62
$40.00$44.00Aug 21$3.20$3.20$0.804.00$43.20
$44.00$45.00Aug 21$0.67$0.67$0.332.03$44.67
$42.00$44.00Aug 14$1.33$1.33$0.671.99$43.33
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.50$50.00Aug 21$2.32$2.32$0.1812.89$50.18
$53.00$52.00Sep 4$0.82$0.82$0.184.56$52.18
$50.00$47.00Jul 31$2.42$2.42$0.584.17$47.58
$49.00$47.50Aug 21$1.15$1.15$0.353.29$47.85
$50.00$49.00Sep 4$0.75$0.75$0.253.00$49.25

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 37 found (avg debit $0.53, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$49.00Jul 24Jul 31$0.08512.3%40.6%
$51.00Jul 24Jul 31$0.08658.9%55.9%
$53.00Jul 24Jul 31$0.121026.2%77.1%
$48.00Jul 24Jul 31$0.15403.8%38.9%
$48.50Jul 31Aug 7$0.2739.6%42.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$40.00Jul 24Jul 31$0.05835.2%55.3%
$41.00Jul 24Jul 31$0.09757.3%53.1%
$39.00Jul 31Aug 14$0.1471.8%50.6%
$38.00Jul 31Aug 14$0.1761.1%52.5%
$52.00Jul 24Sep 4$0.20749.0%40.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 46 found (cheapest 0.87% of stock, avg 8.23%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$45.00Jul 24$0.31$0.08$0.39$44.61$45.390.87%
$45.50Jul 24$0.23$0.37$0.60$44.90$46.101.33%
$46.00Jul 24$0.03$0.87$0.90$45.10$46.902.00%
$44.00Jul 24$1.23$0.10$1.33$42.67$45.332.95%
$44.50Jul 24$1.30$0.03$1.33$43.17$45.832.95%
$46.50Jul 24$0.18$1.27$1.45$45.05$47.953.22%
$47.00Jul 24$0.03$1.69$1.72$45.28$48.723.82%
$47.50Jul 24$0.01$2.19$2.20$45.30$49.704.88%
$46.00Jul 31$0.73$1.59$2.32$43.68$48.325.15%
$45.00Jul 31$1.28$1.08$2.36$42.64$47.365.24%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 129 found (cheapest 0.13% of stock, avg 3.63%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$46.00$44.50Jul 24$0.03$0.03$0.06$44.44$46.06
$47.00$44.50Jul 24$0.03$0.03$0.06$44.44$47.06
$46.00$45.00Jul 24$0.03$0.08$0.11$44.89$46.11
$47.00$45.00Jul 24$0.03$0.08$0.11$44.89$47.11
$46.00$44.00Jul 24$0.03$0.10$0.13$43.87$46.13
$47.00$44.00Jul 24$0.03$0.10$0.13$43.87$47.13
$46.50$44.50Jul 24$0.18$0.03$0.21$44.29$46.71
$45.50$44.50Jul 24$0.23$0.03$0.26$44.24$45.76
$46.50$45.00Jul 24$0.18$0.08$0.26$44.74$46.76
$46.50$44.00Jul 24$0.18$0.10$0.28$43.72$46.78

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 129 found (best R:R 12.64, avg credit $0.73)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
48/4950/51Aug 21$1.39$0.1112.64$47.61$51.39
38/3944/45Aug 21$0.88$0.127.33$38.12$44.88
48/4950/50Aug 21$1.30$0.206.50$47.70$50.80
42/4344/45Aug 7$1.29$0.216.14$41.71$44.79
42/4244/45Aug 21$0.86$0.146.14$41.64$44.86
38/3940/44Aug 21$3.41$0.595.78$35.59$43.41
42/4346/47Aug 7$0.85$0.155.67$42.15$46.85
45/4647/48Aug 14$0.85$0.155.67$45.15$47.85
45/4647/48Aug 21$0.84$0.165.25$45.16$47.84
39/4142/44Aug 14$1.66$0.344.88$39.34$43.66

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 39 found (best R:R 39.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$48.00$50.00$52.00Aug 14$0.05$1.9539.00
$49.00$50.00$51.00Aug 28$0.06$0.9415.67
$45.50$46.00$46.50Aug 21$0.06$0.447.33
$50.00$51.00$52.00Jul 31$0.16$0.845.25
$52.00$53.00$54.00Jul 31$0.17$0.834.88
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$40.00$41.00$42.00Aug 7$0.08$0.9211.50
$40.50$41.00$41.50Jul 31$0.06$0.447.33
$45.00$45.50$46.00Aug 7$0.06$0.447.33
$46.50$47.00$47.50Jul 24$0.08$0.425.25
$51.00$52.00$53.00Sep 4$0.19$0.814.26

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 $-0.14, 56 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$51.00$54.001:2Aug 7-$0.14$2.86
$51.00$53.001:2Aug 28-$0.04$1.96
$48.00$50.001:2Aug 14-$0.13$1.87
$45.00$47.001:2Aug 14-$0.27$1.73
$51.00$52.501:2Aug 21-$0.24$1.26
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$50.00$47.001:2Aug 7-$0.93$2.07
$42.00$40.001:2Aug 21$0.00$2.00
$43.00$41.001:2Sep 4-$0.41$1.59
$45.00$43.001:2Aug 21-$0.83$1.17
$41.00$40.001:2Aug 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. 32 found (best yield 4.28%, avg 1.50%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$45.50Aug 21$1.930.500.9%4.28%5.21%123
$46.00Aug 21$1.690.472.0%3.75%5.79%5626
$46.50Aug 21$1.470.433.1%3.26%6.41%24--
$48.00Sep 4$1.210.406.5%2.68%9.16%2--
$45.50Aug 7$1.190.470.9%2.64%3.57%23--
$47.00Aug 21$1.170.414.3%2.60%6.85%1--
$47.50Aug 21$1.120.365.4%2.48%7.85%1394
$46.00Aug 7$1.110.432.0%2.46%4.50%3--
$48.00Aug 21$0.960.336.5%2.13%8.61%17
$47.00Aug 14$0.910.384.3%2.02%6.28%204

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 4,169
Total Puts 3,733
Put/Call Ratio 0.90
Net Difference 436

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 51,901
Total Puts 28,130
Average Put/Call Ratio 0.71
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
Loading data...

Chart Title

Price — Past 7 Days

Add Card

CI/CD Results
App Log
Loading...
Requests
New Request
View All