Tour v452
LUV
SOUTHWEST AIRLS CO
$46.31 +2.05%
(7/27 18:05) ◀
|
Tuesday, July 28, 2026 (6:10pm)
January 2026
|
▶ (7/29 18:12)
◀ 7/28 18:10 ▶

Option Volume

Detail
ℹ
Current (07/28) 8,556
Calls: 5,724 (67%)
Puts: 2,832 (33%)
Prior (07/27) 7,715
Calls: 5,094 (66%)
Puts: 2,621 (34%)
Current vs Prior +10.90%
Calls: +12.37% (Calls)
Puts: +8.05% (Puts)
Prior 7-Day Total 82,173
Calls: 50,468 (61%)
Puts: 31,705 (39%)
Prior 7-Day Average 11,739
Calls: 7,209 (61%)
Puts: 4,529 (39%)
Current vs Prior 7-Day Avg -27.11%
Calls: -20.61%
Puts: -37.47%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/28) $1.94M
Calls: $1.49M (77%)
Puts: $453.5K (23%)
Prior (07/27) $1.66M
Calls: $1.09M (65%)
Puts: $574.4K (35%)
Current vs Prior +16.88%
Calls: +36.89%
Puts: -21.05%
Prior 7-Day Total $17.76M
Calls: $11.82M (67%)
Puts: $5.94M (33%)
Prior 7-Day Average $2.54M
Calls: $1.69M (67%)
Puts: $848.0K (33%)
Current vs Prior 7-Day Avg -23.36%
Calls: -11.73%
Puts: -46.52%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/28) 0.49
Prior (07/27) 0.51
Current vs Prior -3.84%
Prior 7-Day Average 0.77
Current vs Prior 7-Day Avg -35.91%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/28) 106,276
Calls: 77,193 (73%)
Puts: 29,083 (27%)
Prior (07/27) 214,388
Calls: 124,843 (58%)
Puts: 89,545 (42%)
Current vs Prior -50.43%
Prior 7-Day Total 1,537,654
Calls: 926,914 (60%)
Puts: 610,740 (40%)
Prior 7-Day Average 219,664
Calls: 132,416 (60%)
Puts: 87,248 (40%)
Current vs Prior 7-Day Avg -51.62%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 3.93% | 7.04%9.57% | 13.09%
Prior 4.78% | 7.10%9.94% | 12.96%
Current vs Prior -17.81% | -0.79%-3.75% | +0.99%
Prior 7-Day Avg 6.36% | 8.21%9.77% | 13.93%
Current vs 7-Day Avg -38.24% | -14.23%-2.07% | -6.06%
Prior 7-Day Eod 4.78% | 7.10%9.94% | 12.96%
Current vs 7-Day Eod -17.81% | -0.79%-3.75% | +0.99%
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 13.34% | 12.78%
Calls: 13.49% | 14.68%
Puts: 13.20% | 10.88%
Current vs 7-Day Avg +8.15% | -3.46%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 77% of dollar volume in calls ($1.49M) vs puts ($453.5K). Extreme bullish P/C ratio of 0.49 - heavy call buying (5,724 calls vs 2,832 puts). Call-heavy open interest (77,193 calls vs 29,083 puts) suggests bullish positioning. Declining open interest (down 50%) indicates positions being closed.

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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 10 of results (avg 7.7%, best 4.4%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 142.002.09$2.054.4%1.9K0.5535
$46.50Aug 141.701.81$1.766.3%190.511
$47.00Aug 141.451.57$1.517.9%200.4628
$47.00Aug 211.791.94$1.878.0%350.481
$48.00Aug 211.371.49$1.438.4%10.4132
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 211.401.48$1.445.6%60.37294
$46.00Aug 141.501.62$1.567.7%170.4552
$45.50Aug 211.601.76$1.689.5%20.417
$44.00Aug 140.760.84$0.8010.0%310.28475

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.78, cheapest $0.71)

CALLS (0)
No calls meet the criteria
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Aug 210.650.76$0.7115.5%30.21450
$44.00Aug 140.760.84$0.8010.0%310.28475
$45.00Aug 70.780.90$0.8414.3%390.3496

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 41 found (avg delta 0.71, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.50Jul 314.706.50$5.6032.1%10.94--
$42.50Jul 312.844.55$3.7046.2%20.93--
$40.00Jul 315.207.00$6.1029.5%10.93--
$41.50Jul 313.705.60$4.6540.9%20.921
$40.00Aug 145.457.65$6.5533.6%20.92--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.00Jul 315.006.80$5.9030.5%10.9817
$51.00Jul 314.405.20$4.8016.7%30.9826
$50.00Jul 313.154.05$3.6025.0%20.95205
$48.50Jul 311.852.71$2.2837.7%10.83161
$48.00Jul 311.682.56$2.1241.5%10.8165

Most actively traded options today. High liquidity = easy entry/exit. 134 active (total vol 4.6K, top 1.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 142.002.09$2.054.4%1.9K0.5535
$46.00Aug 212.122.44$2.2814.0%1840.5652
$52.00Aug 140.030.66$0.35180.0%700.15235
$45.00Aug 212.663.30$2.9821.5%690.63191
$46.00Jul 310.921.10$1.0117.8%450.5779
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 70.050.11$0.0875.0%3490.0522
$45.00Jul 310.270.39$0.3336.4%2400.26805
$40.00Jul 310.000.22$0.11200.0%2340.06238
$47.00Aug 71.662.07$1.8622.0%1620.5596
$47.50Jul 311.351.87$1.6132.3%960.704

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 29 strikes (avg 34.2%, max 126.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Jul 31Aug 21106.4%47.8%122.7%4--
$55.00Jul 31Aug 2184.7%43.2%95.9%4696
$52.00Jul 31Aug 2860.6%40.9%48.2%77
$49.00Jul 31Aug 2852.1%40.7%28.1%20142
$49.50Jul 31Aug 2152.9%41.9%26.4%147
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Jul 31Sep 4106.4%47.1%126.0%236243
$41.50Jul 31Aug 786.5%48.2%79.6%640
$40.50Jul 31Aug 790.1%54.2%66.3%107
$44.00Jul 31Aug 2163.6%43.5%46.3%71138
$42.00Jul 31Aug 1469.8%49.3%41.5%41252

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 65 found (best R:R 14.00, avg 2.48)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$52.00$55.00Aug 7$0.20$2.80$0.2014.00$52.20
$50.00$51.00Aug 7$0.11$0.89$0.118.09$50.11
$50.00$54.00Sep 4$0.67$3.33$0.674.97$50.67
$50.00$51.00Aug 21$0.21$0.79$0.213.76$50.21
$49.00$50.00Aug 28$0.21$0.79$0.213.76$49.21
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$44.00$43.00Aug 14$0.10$0.90$0.109.00$43.90
$41.00$39.00Aug 21$0.29$1.71$0.295.90$40.71
$42.50$41.00Aug 21$0.24$1.26$0.245.25$42.26
$42.00$41.00Aug 14$0.17$0.83$0.174.88$41.83
$45.00$44.50Jul 31$0.10$0.40$0.104.00$44.90

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 77 found (best R:R 9.53, avg 1.23)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$40.00$43.00Aug 21$2.58$2.58$0.426.14$42.58
$42.50$44.50Jul 31$1.61$1.61$0.394.13$44.11
$46.00$46.50Aug 7$0.40$0.40$0.104.00$46.40
$46.00$46.50Jul 31$0.39$0.39$0.113.55$46.39
$40.00$44.00Aug 14$3.12$3.12$0.883.55$43.12
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$50.00$48.00Aug 14$1.81$1.81$0.199.53$48.19
$50.00$48.50Jul 31$1.32$1.32$0.187.33$48.68
$48.00$47.00Aug 14$0.77$0.77$0.233.35$47.23
$50.00$47.50Aug 21$1.77$1.77$0.732.42$48.23
$47.00$46.50Aug 7$0.34$0.34$0.162.13$46.66

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 32 found (avg debit $0.48, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$55.00Jul 31Aug 7$0.0884.7%62.4%
$51.00Jul 31Aug 7$0.1954.0%48.1%
$54.00Aug 21Sep 4$0.2143.4%44.5%
$48.50Aug 7Aug 14$0.2349.9%44.3%
$50.00Jul 31Aug 7$0.2751.9%47.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.00Jul 31Aug 7$0.1069.8%46.9%
$41.00Aug 7Aug 14$0.1155.3%49.0%
$43.00Jul 31Aug 7$0.2060.5%46.1%
$42.50Jul 31Aug 7$0.2362.0%50.6%
$44.00Jul 31Aug 7$0.3163.6%48.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 35 found (cheapest 3.09% of stock, avg 8.02%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$46.50Jul 31$0.62$0.81$1.43$45.07$47.933.09%
$46.00Jul 31$1.01$0.66$1.67$44.33$47.673.61%
$47.00Jul 31$0.54$1.13$1.67$45.33$48.673.61%
$45.50Jul 31$1.27$0.43$1.70$43.80$47.203.67%
$47.50Jul 31$0.39$1.61$2.00$45.50$49.504.32%
$45.00Jul 31$1.77$0.33$2.10$42.90$47.104.53%
$48.00Jul 31$0.18$2.12$2.30$45.70$50.304.97%
$44.50Jul 31$2.09$0.23$2.32$42.18$46.825.01%
$46.50Aug 7$1.34$1.52$2.86$43.64$49.366.18%
$45.50Aug 7$1.95$1.11$3.06$42.44$48.566.61%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 114 found (cheapest 0.76% of stock, avg 4.21%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$49.00$44.50Jul 31$0.12$0.23$0.35$44.15$49.35
$49.00$44.00Jul 31$0.12$0.26$0.38$43.62$49.38
$48.00$44.50Jul 31$0.18$0.23$0.41$44.09$48.41
$48.00$44.00Jul 31$0.18$0.26$0.44$43.56$48.44
$49.00$45.00Jul 31$0.12$0.33$0.45$44.55$49.45
$48.00$45.00Jul 31$0.18$0.33$0.51$44.49$48.51
$49.00$45.50Jul 31$0.12$0.43$0.55$44.95$49.55
$48.00$45.50Jul 31$0.18$0.43$0.61$44.89$48.61
$47.50$44.50Jul 31$0.39$0.23$0.62$43.88$48.12
$47.50$44.00Jul 31$0.39$0.26$0.65$43.35$48.15

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 128 found (best R:R 7.33, avg credit $0.50)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
39/4143/44Aug 21$1.76$0.247.33$39.24$44.76
44/4546/47Aug 21$0.84$0.165.25$44.16$46.84
45/4648/49Aug 21$0.40$0.104.00$45.10$48.90
46/4648/48Aug 7$0.39$0.113.55$45.61$48.39
44/4446/46Aug 14$0.39$0.113.55$44.11$45.89
46/4647/48Jul 31$0.38$0.123.17$45.62$47.38
45/4648/48Aug 7$0.38$0.123.17$45.12$48.38
42/4344/44Aug 14$0.76$0.243.17$42.24$44.76
44/4546/46Aug 14$0.38$0.123.17$44.62$45.88
46/4646/47Aug 14$0.38$0.123.17$45.62$46.88

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 31 found (best R:R 24.00, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$45.00$45.50$46.00Aug 21$0.06$0.447.33
$52.00$52.50$53.00Aug 21$0.07$0.436.14
$50.00$51.00$52.00Aug 21$0.16$0.845.25
$47.50$48.00$48.50Aug 7$0.09$0.414.56
$50.00$51.00$52.00Aug 7$0.20$0.804.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$41.00$42.50$44.00Aug 21$0.06$1.4424.00
$41.00$42.00$43.00Aug 14$0.08$0.9211.50
$40.00$41.00$42.00Aug 14$0.10$0.909.00
$41.00$41.50$42.00Aug 7$0.06$0.447.33
$45.00$45.50$46.00Aug 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. 60 found (best net $-0.31, 55 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$40.00$44.001:2Aug 14-$0.31$3.69
$52.00$55.001:2Jul 31-$0.02$2.98
$48.00$50.001:2Sep 4-$0.34$1.66
$42.50$44.501:2Jul 31-$0.48$1.52
$47.00$48.501:2Aug 14-$0.33$1.17
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$50.00$47.501:2Aug 21-$0.96$1.54
$42.50$41.001:2Aug 21-$0.23$1.27
$50.00$48.001:2Aug 14-$0.85$1.15
$44.00$42.501:2Aug 21-$0.41$1.09
$42.00$41.001:2Aug 14-$0.11$0.89

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 39 found (best yield 3.87%, avg 1.53%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$47.00Aug 21$1.790.481.5%3.87%5.36%351
$46.50Aug 14$1.700.510.4%3.67%4.08%191
$48.00Sep 4$1.540.413.6%3.33%6.97%4--
$48.00Aug 28$1.500.433.6%3.24%6.89%1519
$47.00Aug 14$1.450.461.5%3.13%4.62%2028
$47.50Aug 21$1.440.442.6%3.11%5.68%14398
$48.00Aug 21$1.370.413.6%2.96%6.61%132
$48.50Aug 21$1.200.374.7%2.59%7.32%5--
$47.00Aug 7$1.080.461.5%2.33%3.82%11121
$49.00Aug 21$1.030.345.8%2.22%8.03%978

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 5,724
Total Puts 2,832
Put/Call Ratio 0.49
Net Difference 2,892

Prior's Put/Call Breakdown

Total Calls 5,094
Total Puts 2,621
Put/Call Ratio 0.51
Net Difference 2,473

Prior 7-Day Put/Call Summary

Total Calls 50,468
Total Puts 31,705
Average Put/Call Ratio 0.77
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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