Tour v487
LUV
SOUTHWEST AIRLS CO
$47.07 +4.67%
$46.85 (-0.47%)🌙
as of 08/03 06:07 PM
(7/31 18:06) ◀
|
Monday, August 3, 2026 (6:07pm)
January 2026
|
▶ (8/4 18:16)
◀ 8/3 18:07 ▶

Option Volume

Detail
ℹ
Current (08/03) 9,600
Calls: 4,830 (50%)
Puts: 4,770 (50%)
Prior (07/31) 8,347
Calls: 2,880 (35%)
Puts: 5,467 (65%)
Current vs Prior +15.01%
Calls: +67.71% (Calls)
Puts: -12.75% (Puts)
Prior 7-Day Total 57,551
Calls: 30,616 (53%)
Puts: 26,935 (47%)
Prior 7-Day Average 8,221
Calls: 4,373 (53%)
Puts: 3,847 (47%)
Current vs Prior 7-Day Avg +16.77%
Calls: +10.43%
Puts: +23.97%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/03) $2.62M
Calls: $932.4K (36%)
Puts: $1.69M (64%)
Prior (07/31) $1.96M
Calls: $1.22M (62%)
Puts: $743.2K (38%)
Current vs Prior +33.84%
Calls: -23.36%
Puts: +127.47%
Prior 7-Day Total $12.82M
Calls: $7.11M (55%)
Puts: $5.71M (45%)
Prior 7-Day Average $1.83M
Calls: $1.02M (55%)
Puts: $815.3K (45%)
Current vs Prior 7-Day Avg +43.20%
Calls: -8.27%
Puts: +107.35%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/03) 0.99
Prior (07/31) 1.90
Current vs Prior -47.97%
Prior 7-Day Average 1.02
Current vs Prior 7-Day Avg -3.44%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/03) 222,032
Calls: 129,247 (58%)
Puts: 92,785 (42%)
Prior (07/31) 224,625
Calls: 131,251 (58%)
Puts: 93,374 (42%)
Current vs Prior -1.15%
Prior 7-Day Total 1,128,443
Calls: 694,697 (62%)
Puts: 433,746 (38%)
Prior 7-Day Average 161,206
Calls: 99,242 (62%)
Puts: 61,963 (38%)
Current vs Prior 7-Day Avg +37.73%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 4.50% | 6.18%9.22% | 11.96%
Prior 5.05% | 7.25%8.23% | 11.92%
Current vs Prior -10.77% | -14.72%+12.06% | +0.35%
Prior 7-Day Avg 4.47% | 6.88%9.63% | 12.91%
Current vs 7-Day Avg +0.76% | -10.14%-4.21% | -7.37%
Prior 7-Day Eod 5.05% | 7.25%8.23% | 11.92%
Current vs 7-Day Eod -10.77% | -14.72%+12.06% | +0.35%
Sentiment BULLISHBEARISH

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 14.43% | 12.34%
Calls: 15.34% | 16.11%
Puts: 13.53% | 8.57%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bearish flow with 64% put dollar volume ($1.69M). P/C ratio dropping 48% - sentiment shifting bullish.

Smart Money BEARISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
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 8 of results (avg 8.8%, best 7.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 212.292.46$2.387.1%1070.66250
$48.50Aug 211.111.20$1.167.8%170.4371
$45.50Aug 212.572.80$2.688.6%20.7053
$46.00Aug 141.972.15$2.068.7%4560.651.4K
$45.00Aug 142.612.86$2.749.1%120.7225
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.89, cheapest $0.67)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 210.610.72$0.6716.4%1450.291.0K
$48.50Aug 140.740.89$0.8218.3%310.3525
$47.00Aug 70.891.07$0.9818.4%3330.52148
$49.00Aug 210.931.02$0.989.2%260.38108
$50.00Aug 280.901.05$0.9815.3%480.3121
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 210.840.99$0.9216.3%190.28963

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 60 found (avg delta 0.74, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 75.557.20$6.3825.9%61.004
$41.00Aug 74.656.25$5.4529.4%71.001
$40.00Aug 216.307.65$6.9819.3%10.9694
$42.00Aug 73.805.30$4.5533.0%20.95--
$41.50Aug 74.006.10$5.0541.6%10.94--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Aug 215.206.60$5.9023.7%--1.00186
$55.00Aug 217.659.15$8.4017.9%--1.0060
$50.00Aug 72.733.85$3.2934.0%--0.9087
$51.00Aug 143.605.80$4.7046.8%--0.8422
$50.00Aug 143.004.85$3.9347.1%--0.7839

Most actively traded options today. High liquidity = easy entry/exit. 139 active (total vol 4.0K, top 456)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 141.972.15$2.068.7%4560.651.4K
$48.00Aug 70.470.60$0.5324.5%3620.3578
$47.00Aug 70.891.07$0.9818.4%3330.52148
$50.00Aug 210.610.72$0.6716.4%1450.291.0K
$47.50Aug 70.540.83$0.6942.0%1360.4376
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$44.00Aug 140.180.55$0.37100.0%1520.18499
$40.00Aug 210.100.17$0.1450.0%1200.06550
$45.50Aug 70.160.48$0.32100.0%980.2481
$44.00Aug 70.050.20$0.13115.4%670.101.8K
$41.50Aug 70.010.15$0.08175.0%560.0533

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 36 strikes (avg 32.7%, max 210.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$56.00Aug 7Aug 21136.1%43.9%210.3%2595
$39.50Aug 7Aug 14163.7%97.5%67.9%72
$54.00Aug 7Sep 1162.9%42.1%49.3%440
$40.00Aug 7Aug 2173.6%51.5%43.0%798
$55.00Aug 7Aug 2158.8%41.6%41.4%83779
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Aug 7Sep 1173.6%39.1%88.4%27379
$39.00Aug 7Aug 28123.6%66.9%84.8%--89
$41.00Aug 7Sep 1169.7%38.5%80.8%1049
$42.00Aug 7Sep 1163.3%40.4%56.7%33359
$43.00Aug 7Sep 1157.9%40.2%44.3%1872

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 83 found (best R:R 8.09, avg 2.40)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$50.00$51.00Aug 14$0.13$0.87$0.136.69$50.13
$52.00$53.00Aug 28$0.13$0.87$0.136.69$52.13
$51.00$52.00Aug 14$0.15$0.85$0.155.67$51.15
$50.00$51.00Aug 21$0.16$0.84$0.165.25$50.16
$50.00$53.00Sep 4$0.49$2.51$0.495.12$50.49
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$41.00$40.00Aug 28$0.11$0.89$0.118.09$40.89
$41.00$40.00Sep 4$0.11$0.89$0.118.09$40.89
$42.00$41.00Aug 21$0.14$0.86$0.146.14$41.86
$41.00$40.00Sep 11$0.15$0.85$0.155.67$40.85
$44.00$43.00Sep 11$0.16$0.84$0.165.25$43.84

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 98 found (best R:R 14.38, avg 1.36)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$40.00$42.00Aug 14$1.87$1.87$0.1314.38$41.87
$40.00$42.00Aug 21$1.80$1.80$0.209.00$41.80
$42.50$43.50Aug 21$0.80$0.80$0.204.00$43.30
$46.00$46.50Aug 14$0.38$0.38$0.123.17$46.38
$42.00$44.00Aug 14$1.51$1.51$0.493.08$43.51
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.50$50.00Aug 21$2.25$2.25$0.259.00$50.25
$50.00$48.00Aug 7$1.79$1.79$0.218.52$48.21
$51.00$50.00Aug 14$0.77$0.77$0.233.35$50.23
$48.00$47.00Sep 4$0.75$0.75$0.253.00$47.25
$48.00$47.50Aug 7$0.36$0.36$0.142.57$47.64

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 39 found (avg debit $0.37, cheapest $0.09)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$52.00Aug 7Aug 14$0.1055.3%43.5%
$39.50Aug 7Aug 14$0.20163.7%97.5%
$42.00Aug 7Aug 14$0.2363.3%46.5%
$51.00Aug 7Aug 14$0.2547.5%45.7%
$40.00Aug 7Aug 14$0.2773.6%75.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.00Aug 7Aug 14$0.0963.3%46.5%
$41.00Aug 7Aug 14$0.1069.7%54.1%
$44.50Aug 7Aug 14$0.1946.8%36.9%
$43.00Aug 7Aug 14$0.2357.9%49.9%
$44.00Aug 7Aug 14$0.2451.7%43.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 53 found (cheapest 3.89% of stock, avg 8.83%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$47.50Aug 7$0.69$1.14$1.83$45.67$49.333.89%
$47.00Aug 7$0.98$0.93$1.91$45.09$48.914.06%
$46.50Aug 7$1.26$0.69$1.95$44.55$48.454.14%
$48.00Aug 7$0.53$1.50$2.03$45.97$50.034.31%
$46.00Aug 7$1.57$0.47$2.04$43.96$48.044.33%
$45.50Aug 7$1.98$0.32$2.30$43.20$47.804.89%
$45.00Aug 7$2.31$0.32$2.63$42.37$47.635.59%
$47.50Aug 14$1.15$1.53$2.68$44.82$50.185.69%
$47.00Aug 14$1.38$1.38$2.76$44.24$49.765.86%
$46.00Aug 14$2.06$0.73$2.79$43.21$48.795.93%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 1.04% of stock, avg 4.14%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$49.50$45.50Aug 7$0.17$0.32$0.49$45.01$49.99
$49.50$45.00Aug 7$0.17$0.32$0.49$44.51$49.99
$49.00$45.50Aug 7$0.28$0.32$0.60$44.90$49.60
$49.00$45.00Aug 7$0.28$0.32$0.60$44.40$49.60
$49.50$46.00Aug 7$0.17$0.47$0.64$45.36$50.14
$48.50$45.50Aug 7$0.37$0.32$0.69$44.81$49.19
$48.50$45.00Aug 7$0.37$0.32$0.69$44.31$49.19
$49.00$46.00Aug 7$0.28$0.47$0.75$45.25$49.75
$54.00$40.00Sep 4$0.47$0.36$0.83$39.17$54.83
$48.50$46.00Aug 7$0.37$0.47$0.84$45.16$49.34

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 91 found (best R:R 7.70, avg credit $0.82)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
41/4344/46Sep 4$1.77$0.237.70$41.23$45.77
45/4648/49Aug 28$0.88$0.127.33$45.12$48.88
45/4649/50Sep 4$0.88$0.127.33$45.12$49.88
42/4347/48Sep 11$0.88$0.127.33$42.12$47.88
43/4448/49Aug 28$0.83$0.174.88$43.17$48.83
40/4144/46Sep 4$1.55$0.453.44$39.45$45.55
48/5051/52Aug 28$1.54$0.463.35$48.46$52.54
40/4146/47Sep 4$0.76$0.243.17$40.24$46.76
43/4447/48Sep 11$0.76$0.243.17$43.24$47.76
40/4147/48Sep 11$0.75$0.253.00$40.25$47.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 48 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$50.00$51.00$52.00Aug 7$0.06$0.9415.67
$49.00$50.00$51.00Sep 11$0.09$0.9110.11
$39.00$39.50$40.00Aug 7$0.06$0.447.33
$39.50$40.00$40.50Aug 7$0.07$0.436.14
$48.00$48.50$49.00Aug 7$0.07$0.436.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$50.00$52.50$55.00Aug 21$0.25$2.259.00
$39.00$40.00$41.00Aug 21$0.11$0.898.09
$45.00$46.00$47.00Sep 4$0.13$0.876.69
$45.50$46.00$46.50Aug 7$0.07$0.436.14
$46.00$48.00$50.00Aug 28$0.28$1.726.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 87 found (best net $-0.01, 83 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$42.00$46.001:2Aug 28-$0.01$3.99
$50.00$53.001:2Sep 4$0.00$3.00
$51.00$53.001:2Sep 11-$0.14$1.86
$46.00$48.001:2Aug 28-$0.63$1.37
$47.00$49.001:2Sep 4-$0.73$1.27
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$43.001:2Sep 4-$0.13$1.87
$43.00$41.001:2Sep 4-$0.14$1.86
$48.00$46.001:2Aug 28-$0.61$1.39
$52.50$50.001:2Aug 21-$1.40$1.10
$41.00$40.001:2Aug 7$0.00$1.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 41 found (best yield 3.21%, avg 1.28%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$48.00Sep 11$1.510.422.0%3.21%5.18%510
$47.50Aug 21$1.440.540.9%3.06%3.97%7397
$48.00Aug 28$1.430.452.0%3.04%5.01%1023
$49.00Sep 11$1.350.374.1%2.87%6.97%2--
$48.00Aug 21$1.300.482.0%2.76%4.74%598
$49.00Sep 4$1.190.374.1%2.53%6.63%13
$48.50Aug 21$1.110.433.0%2.36%5.40%1771
$49.00Aug 28$1.040.374.1%2.21%6.31%1122
$47.50Aug 14$0.960.450.9%2.04%2.95%6639
$48.00Aug 14$0.930.402.0%1.98%3.95%4140

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 4,830
Total Puts 4,770
Put/Call Ratio 0.99
Net Difference 60

Prior's Put/Call Breakdown

Total Calls 2,880
Total Puts 5,467
Put/Call Ratio 1.90
Net Difference -2,587

Prior 7-Day Put/Call Summary

Total Calls 30,616
Total Puts 26,935
Average Put/Call Ratio 1.02
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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