Tour v456
LUV
SOUTHWEST AIRLS CO
$44.38 -4.17%
$44.39 (+0.02%)🌙
as of 07/29 06:12 PM
(7/28 18:10) ◀
|
Wednesday, July 29, 2026 (6:12pm)
January 2026
|
▶
◀ 7/29 18:12

Option Volume

Detail
ℹ
Current (07/29) 5,548
Calls: 2,207 (40%)
Puts: 3,341 (60%)
Prior (07/28) 8,556
Calls: 5,724 (67%)
Puts: 2,832 (33%)
Current vs Prior -35.16%
Calls: -61.44% (Calls)
Puts: +17.97% (Puts)
Prior 7-Day Total 83,253
Calls: 53,325 (64%)
Puts: 29,928 (36%)
Prior 7-Day Average 11,893
Calls: 7,617 (64%)
Puts: 4,275 (36%)
Current vs Prior 7-Day Avg -53.35%
Calls: -71.03%
Puts: -21.86%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/29) $1.56M
Calls: $703.0K (45%)
Puts: $858.3K (55%)
Prior (07/28) $1.94M
Calls: $1.49M (77%)
Puts: $453.5K (23%)
Current vs Prior -19.71%
Calls: -52.85%
Puts: +89.25%
Prior 7-Day Total $17.80M
Calls: $12.21M (69%)
Puts: $5.59M (31%)
Prior 7-Day Average $2.54M
Calls: $1.74M (69%)
Puts: $798.5K (31%)
Current vs Prior 7-Day Avg -38.58%
Calls: -59.68%
Puts: +7.48%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/29) 1.51
Prior (07/28) 0.49
Current vs Prior +205.97%
Prior 7-Day Average 0.61
Current vs Prior 7-Day Avg +146.93%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/29) 98,209
Calls: 64,022 (65%)
Puts: 34,187 (35%)
Prior (07/28) 106,276
Calls: 77,193 (73%)
Puts: 29,083 (27%)
Current vs Prior -7.59%
Prior 7-Day Total 1,383,570
Calls: 844,394 (61%)
Puts: 539,176 (39%)
Prior 7-Day Average 197,652
Calls: 120,627 (61%)
Puts: 77,025 (39%)
Current vs Prior 7-Day Avg -50.31%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 6.17% | 7.10%9.87% | 12.64%
Prior 3.93% | 7.04%9.57% | 13.09%
Current vs Prior +57.10% | +0.83%+3.17% | -3.40%
Prior 7-Day Avg 5.75% | 7.85%10.93% | 14.05%
Current vs 7-Day Avg +7.46% | -9.54%-9.73% | -10.04%
Prior 7-Day Eod 3.93% | 7.04%9.57% | 13.09%
Current vs 7-Day Eod +57.10% | +0.83%+3.17% | -3.40%
Sentiment BEARISHBEARISH

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 13.88% | 12.28%
Calls: 14.35% | 14.81%
Puts: 13.41% | 9.76%
Current vs 7-Day Avg +3.99% | +0.45%
Liquidity Expensive
+
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🤖 AI Insights

Extreme bearish P/C ratio of 1.51 - heavy put buying. P/C ratio rising 206% - increased hedging/bearish positioning. Call-heavy open interest (64,022 calls vs 34,187 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
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 9 of results (avg 8.4%, best 7.5%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 141.001.08$1.047.7%3060.371.2K
$45.00Aug 211.691.83$1.768.0%110.47243
$45.50Aug 141.181.30$1.249.7%60.412
$45.50Aug 211.471.62$1.559.7%50.4332
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$44.00Aug 281.942.09$2.017.5%100.4518
$45.00Aug 141.922.08$2.008.0%180.5462
$45.50Aug 71.862.02$1.948.2%80.5868
$45.50Aug 212.392.60$2.508.4%130.568
$46.00Aug 142.492.72$2.618.8%80.6357

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.59, cheapest $0.25)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$48.00Aug 70.230.27$0.2516.0%170.1532
$51.00Aug 210.230.28$0.2619.2%40.11--
$47.50Aug 140.540.64$0.5916.9%150.2519
$47.00Aug 140.690.77$0.7311.0%50.29--
$48.00Aug 210.690.79$0.7413.5%180.2631
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 48 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Jul 313.506.50$5.0060.0%11.00--
$36.00Jul 317.459.70$8.5726.3%10.99--
$40.50Jul 313.556.00$4.7851.3%1760.98--
$39.00Aug 75.006.85$5.9331.2%20.95--
$42.00Jul 312.153.80$2.9755.6%10.94--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.50Jul 311.041.73$1.3949.6%191.00139
$46.00Jul 311.503.15$2.3370.8%181.0084
$46.50Jul 311.582.44$2.0142.8%11.0043
$47.00Jul 311.373.75$2.5693.0%111.00396
$47.50Jul 311.864.40$3.1381.2%21.0096

Most actively traded options today. High liquidity = easy entry/exit. 138 active (total vol 3.1K, top 649)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 141.001.08$1.047.7%3060.371.2K
$41.00Jul 313.305.55$4.4350.8%1770.78--
$40.50Jul 313.556.00$4.7851.3%1760.98--
$46.00Aug 211.141.58$1.3632.4%1020.40176
$50.00Aug 210.350.43$0.3920.5%460.16978
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Jul 310.030.32$0.18161.1%6490.1467
$42.00Jul 310.000.20$0.10200.0%2740.09234
$42.00Aug 70.340.72$0.5371.7%2230.2394
$45.00Aug 71.551.81$1.6815.5%580.55126
$45.00Jul 310.901.20$1.0528.6%430.54853

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 23 strikes (avg 79.2%, max 323.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$41.00Jul 31Aug 7217.3%51.3%323.9%179--
$45.00Jul 31Sep 484.3%36.4%131.7%30149
$52.00Jul 31Aug 2189.4%43.3%106.4%1251
$40.00Jul 31Aug 2185.0%45.6%86.3%294
$51.00Jul 31Aug 2175.4%44.0%71.6%7359
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$41.50Jul 31Aug 7135.5%48.6%178.8%940
$39.00Jul 31Aug 2890.6%46.9%93.2%526
$44.00Jul 31Aug 2882.4%43.2%90.7%29170
$40.00Jul 31Sep 485.0%46.9%81.3%236
$45.00Jul 31Aug 2884.3%47.0%79.2%44853

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 59 found (best R:R 6.69, avg 1.98)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$50.00$51.00Aug 21$0.13$0.87$0.136.69$50.13
$51.00$52.00Aug 14$0.14$0.86$0.146.14$51.14
$46.50$47.00Aug 14$0.11$0.39$0.113.55$46.61
$48.00$49.50Aug 21$0.34$1.16$0.343.41$48.34
$49.50$50.00Aug 14$0.13$0.37$0.132.85$49.63
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$41.00$40.00Aug 14$0.19$0.81$0.194.26$40.81
$44.00$43.00Aug 21$0.23$0.77$0.233.35$43.77
$41.00$40.00Aug 28$0.24$0.76$0.243.17$40.76
$43.00$41.00Sep 4$0.51$1.49$0.512.92$42.49
$40.00$39.00Aug 28$0.26$0.74$0.262.85$39.74

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 76 found (best R:R 9.00, avg 1.34)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$40.00$43.50Aug 14$3.15$3.15$0.359.00$43.15
$36.00$40.00Jul 31$3.57$3.57$0.438.30$39.57
$41.00$44.50Aug 7$2.93$2.93$0.575.14$43.93
$39.00$39.50Aug 7$0.40$0.40$0.104.00$39.40
$40.00$45.00Aug 21$3.74$3.74$1.262.97$43.74
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.00$50.00Jul 31$1.55$1.55$0.453.44$50.45
$50.00$46.00Aug 14$3.07$3.07$0.933.30$46.93
$44.00$43.50Aug 14$0.38$0.38$0.123.17$43.62
$50.00$47.50Aug 21$1.88$1.88$0.623.03$48.12
$46.00$45.50Aug 7$0.36$0.36$0.142.57$45.64

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 26 found (avg debit $0.41, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$50.00Jul 31Aug 7$0.0974.0%52.4%
$51.00Jul 31Aug 7$0.1475.4%61.3%
$49.00Jul 31Aug 7$0.1555.5%48.4%
$49.50Jul 31Aug 7$0.1663.7%54.0%
$48.00Jul 31Aug 7$0.2247.9%46.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$50.00Jul 31Aug 14$0.0874.0%44.2%
$40.00Jul 31Aug 7$0.1985.0%56.5%
$41.00Aug 7Aug 14$0.2251.3%46.6%
$42.50Jul 31Aug 7$0.4279.8%49.9%
$42.00Jul 31Aug 7$0.4377.4%53.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 35 found (cheapest 3.45% of stock, avg 8.73%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$43.50Jul 31$1.26$0.27$1.53$41.97$45.033.45%
$45.00Jul 31$0.59$1.05$1.64$43.36$46.643.70%
$45.50Jul 31$0.40$1.39$1.79$43.71$47.294.03%
$46.50Jul 31$0.12$2.01$2.13$44.37$48.634.80%
$43.00Jul 31$1.95$0.36$2.31$40.69$45.315.21%
$46.00Jul 31$0.19$2.33$2.52$43.48$48.525.68%
$47.00Jul 31$0.07$2.56$2.63$44.37$49.635.93%
$42.50Jul 31$2.60$0.18$2.78$39.72$45.286.26%
$45.00Aug 7$1.14$1.68$2.82$42.18$47.826.35%
$46.00Aug 7$0.70$2.30$3.00$43.00$49.006.76%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 121 found (cheapest 0.72% of stock, avg 4.19%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$47.50$43.50Jul 31$0.05$0.27$0.32$43.18$47.82
$47.00$43.50Jul 31$0.07$0.27$0.34$43.16$47.34
$46.50$43.50Jul 31$0.12$0.27$0.39$43.11$46.89
$47.50$43.00Jul 31$0.05$0.36$0.41$42.59$47.91
$47.00$43.00Jul 31$0.07$0.36$0.43$42.57$47.43
$46.00$43.50Jul 31$0.19$0.27$0.46$43.04$46.46
$46.50$43.00Jul 31$0.12$0.36$0.48$42.52$46.98
$47.50$41.50Jul 31$0.05$0.43$0.48$41.02$47.98
$47.00$41.50Jul 31$0.07$0.43$0.50$41.00$47.50
$46.00$43.00Jul 31$0.19$0.36$0.55$42.45$46.55

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 95 found (best R:R 6.50, avg credit $0.66)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
46/4848/50Aug 21$1.30$0.206.50$46.20$49.30
43/4446/46Aug 7$0.86$0.146.14$43.14$46.36
44/4547/48Aug 21$0.86$0.146.14$44.14$47.86
44/4546/47Aug 7$0.80$0.204.00$44.20$47.30
45/4646/47Aug 21$0.40$0.104.00$45.10$46.90
44/4546/46Aug 21$0.79$0.213.76$44.21$46.79
42/4346/46Jul 31$0.39$0.113.55$42.61$45.89
42/4248/48Aug 7$0.39$0.113.55$41.61$47.89
42/4348/48Aug 7$0.39$0.113.55$42.61$47.89
44/4548/48Aug 7$0.78$0.223.55$44.22$48.28

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 26 found (best R:R 13.29, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$46.00$46.50$47.00Aug 21$0.05$0.459.00
$48.00$48.50$49.00Aug 14$0.06$0.447.33
$44.50$45.00$45.50Aug 14$0.08$0.425.25
$48.50$49.00$49.50Aug 7$0.09$0.414.56
$46.00$46.50$47.00Aug 14$0.09$0.414.56
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$40.00$41.00$42.00Aug 28$0.07$0.9313.29
$40.00$41.00$42.00Aug 14$0.15$0.855.67
$42.00$43.00$44.00Aug 28$0.17$0.834.88
$44.50$45.00$45.50Jul 31$0.09$0.414.56
$42.00$42.50$43.00Jul 31$0.10$0.404.00

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 $-0.34, 52 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$48.001:2Sep 4-$0.34$2.66
$36.00$40.001:2Jul 31-$1.43$2.57
$48.00$49.501:2Aug 21-$0.06$1.44
$50.00$51.001:2Jul 31$0.00$1.00
$51.00$52.001:2Aug 21-$0.08$0.92
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$48.00$45.001:2Aug 28-$0.41$2.59
$43.00$41.001:2Sep 4-$0.99$1.01
$40.00$39.001:2Jul 31$0.00$1.00
$41.00$40.001:2Aug 14-$0.12$0.88
$41.00$40.001:2Sep 4-$0.12$0.88

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 38 found (best yield 4.08%, avg 1.53%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$45.00Aug 28$1.810.481.4%4.08%5.48%11
$45.00Aug 21$1.690.471.4%3.81%5.21%11243
$44.50Aug 14$1.470.500.3%3.31%3.58%37
$45.50Aug 21$1.470.432.5%3.31%5.84%532
$45.00Aug 14$1.300.461.4%2.93%4.33%1216
$45.50Aug 14$1.180.412.5%2.66%5.18%62
$46.00Aug 21$1.140.403.6%2.57%6.22%102176
$44.50Aug 7$1.080.510.3%2.43%2.70%11
$46.00Aug 14$1.000.373.6%2.25%5.90%3061.2K
$46.50Aug 21$0.970.364.8%2.19%6.96%524

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 2,207
Total Puts 3,341
Put/Call Ratio 1.51
Net Difference -1,134

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 53,325
Total Puts 29,928
Average Put/Call Ratio 0.61
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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