Tour v490
LUV
SOUTHWEST AIRLS CO
$48.70 +3.46%
$48.67 (-0.06%)🌙
as of 08/04 06:16 PM
(8/3 18:07) ◀
|
Tuesday, August 4, 2026 (6:16pm)
January 2026
|
▶ (8/5 18:20)
◀ 8/4 18:16 ▶

Option Volume

Detail
ℹ
Current (08/04) 7,130
Calls: 5,051 (71%)
Puts: 2,079 (29%)
Prior (08/03) 9,600
Calls: 4,830 (50%)
Puts: 4,770 (50%)
Current vs Prior -25.73%
Calls: +4.58% (Calls)
Puts: -56.42% (Puts)
Prior 7-Day Total 53,320
Calls: 27,630 (52%)
Puts: 25,690 (48%)
Prior 7-Day Average 7,617
Calls: 3,947 (52%)
Puts: 3,670 (48%)
Current vs Prior 7-Day Avg -6.40%
Calls: +27.97%
Puts: -43.35%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04) $1.46M
Calls: $1.28M (88%)
Puts: $179.3K (12%)
Prior (08/03) $2.62M
Calls: $932.4K (36%)
Puts: $1.69M (64%)
Current vs Prior -44.40%
Calls: +37.19%
Puts: -89.40%
Prior 7-Day Total $12.47M
Calls: $6.72M (54%)
Puts: $5.75M (46%)
Prior 7-Day Average $1.78M
Calls: $960.7K (54%)
Puts: $821.0K (46%)
Current vs Prior 7-Day Avg -18.14%
Calls: +33.15%
Puts: -78.16%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04) 0.41
Prior (08/03) 0.99
Current vs Prior -58.32%
Prior 7-Day Average 1.05
Current vs Prior 7-Day Avg -60.95%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04) 131,669
Calls: 89,683 (68%)
Puts: 41,986 (32%)
Prior (08/03) 222,032
Calls: 129,247 (58%)
Puts: 92,785 (42%)
Current vs Prior -40.70%
Prior 7-Day Total 1,109,769
Calls: 677,967 (61%)
Puts: 431,802 (39%)
Prior 7-Day Average 158,538
Calls: 96,852 (61%)
Puts: 61,686 (39%)
Current vs Prior 7-Day Avg -16.95%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 4.19% | 6.06%7.74% | 11.62%
Prior 4.50% | 6.18%9.22% | 11.96%
Current vs Prior -6.99% | -2.02%-16.04% | -2.83%
Prior 7-Day Avg 4.66% | 6.90%9.41% | 12.63%
Current vs 7-Day Avg -10.11% | -12.22%-17.75% | -7.99%
Prior 7-Day Eod 4.50% | 6.18%9.22% | 11.96%
Current vs 7-Day Eod -6.99% | -2.02%-16.04% | -2.83%
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 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

Strong bullish conviction with 88% of dollar volume in calls ($1.28M) vs puts ($179.3K). Extreme bullish P/C ratio of 0.41 - heavy call buying (5,051 calls vs 2,079 puts). P/C ratio dropping 58% - sentiment shifting bullish. Call-heavy open interest (89,683 calls vs 41,986 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
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 14 of results (avg 8.2%, best 3.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Sep 185.005.20$5.103.9%810.725.1K
$39.00Aug 79.4010.10$9.757.2%140.933
$47.50Sep 183.353.60$3.487.2%3820.594.3K
$48.00Aug 212.082.25$2.177.8%120.5998
$42.50Sep 186.657.20$6.937.9%130.833.6K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.74, cheapest $0.45)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$57.50Sep 180.410.49$0.4517.8%150.141.2K
$55.00Sep 180.730.87$0.8017.5%590.2118.8K
$50.00Aug 140.740.89$0.8218.3%780.38496
$52.00Aug 280.820.99$0.9118.7%20.29--
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 62 found (avg delta 0.75, highest 0.99)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.00Aug 76.207.20$6.7014.9%40.99--
$41.50Aug 76.208.00$7.1025.4%30.991
$40.00Aug 78.359.05$8.708.0%30.9810
$42.50Aug 75.706.65$6.1815.4%60.98--
$42.00Aug 216.257.45$6.8517.5%10.95--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$58.00Aug 78.859.80$9.3210.2%10.85--
$52.00Aug 143.354.05$3.7018.9%10.835
$52.50Aug 213.854.95$4.4025.0%20.78184
$51.00Aug 142.523.20$2.8623.8%10.7422
$50.00Aug 141.882.15$2.0113.4%200.63--

Most actively traded options today. High liquidity = easy entry/exit. 172 active (total vol 6.5K, top 1.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 143.003.30$3.159.5%1.2K0.831.4K
$49.00Aug 140.931.38$1.1638.8%4250.4965
$47.50Sep 183.353.60$3.487.2%3820.594.3K
$50.00Aug 211.181.30$1.249.7%3480.41983
$50.00Aug 281.401.79$1.6024.4%2100.4469
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$44.00Aug 280.240.58$0.4182.9%3020.1545
$40.00Aug 210.050.09$0.0757.1%2580.03636
$40.00Sep 180.280.43$0.3641.7%790.094.5K
$46.00Aug 210.290.87$0.58100.0%700.2360
$42.00Aug 140.000.30$0.15200.0%630.07--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 35 strikes (avg 49.9%, max 139.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Aug 7Sep 18107.1%44.6%139.8%82.5K
$42.50Aug 7Sep 1878.0%44.3%76.1%193.6K
$39.50Aug 7Aug 14201.5%114.6%75.9%166
$42.00Aug 7Aug 2175.6%44.1%71.7%5--
$48.00Aug 7Sep 1161.7%37.5%64.6%21255
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Aug 7Sep 18107.1%44.6%139.8%804.5K
$43.00Aug 7Sep 1176.0%36.6%107.6%1772
$43.50Aug 7Aug 2187.9%46.0%90.8%28121
$42.00Aug 7Sep 1175.6%40.9%85.1%7--
$44.50Aug 7Aug 2170.8%39.6%78.7%8374

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 70 found (best R:R 8.09, avg 2.24)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$51.00$52.00Aug 7$0.11$0.89$0.118.09$51.11
$53.00$54.00Sep 4$0.12$0.88$0.127.33$53.12
$55.00$57.50Sep 18$0.35$2.15$0.356.14$55.35
$53.00$54.00Aug 21$0.16$0.84$0.165.25$53.16
$49.00$52.00Sep 4$0.53$2.47$0.534.66$49.53
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$45.00$44.00Aug 28$0.15$0.85$0.155.67$44.85
$45.00$44.00Sep 4$0.16$0.84$0.165.25$44.84
$42.50$40.00Sep 18$0.40$2.10$0.405.25$42.10
$43.00$42.00Sep 4$0.18$0.82$0.184.56$42.82
$45.00$42.50Sep 18$0.55$1.95$0.553.55$44.45

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 96 found (best R:R 11.50, avg 1.63)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$40.00$42.50Sep 18$2.30$2.30$0.2011.50$42.30
$40.00$44.00Aug 14$3.53$3.53$0.477.51$43.53
$42.50$43.50Aug 7$0.88$0.88$0.127.33$43.38
$45.00$46.00Aug 28$0.85$0.85$0.155.67$45.85
$42.00$45.00Aug 21$2.45$2.45$0.554.45$44.45
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$58.00$48.50Aug 7$8.59$8.59$0.919.44$49.41
$51.00$50.00Aug 14$0.85$0.85$0.155.67$50.15
$52.00$51.00Aug 14$0.84$0.84$0.165.25$51.16
$52.50$50.00Aug 21$1.89$1.89$0.613.10$50.61
$49.00$48.50Aug 14$0.37$0.37$0.132.85$48.63

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 35 found (avg debit $0.31, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.00Aug 7Aug 21$0.1575.6%44.1%
$54.00Aug 21Aug 28$0.1541.3%39.2%
$49.50Aug 7Aug 14$0.1663.3%37.9%
$55.00Aug 21Aug 28$0.1642.5%41.7%
$56.00Aug 21Aug 28$0.2540.1%45.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$43.50Aug 7Aug 14$0.0787.9%54.4%
$46.00Aug 7Aug 14$0.0865.2%40.6%
$45.00Aug 7Aug 14$0.1063.2%42.5%
$44.00Aug 7Aug 14$0.1268.2%49.6%
$42.00Aug 7Aug 14$0.1375.6%62.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 53 found (cheapest 3.49% of stock, avg 9.04%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$48.50Aug 7$0.97$0.73$1.70$46.80$50.203.49%
$47.50Aug 7$1.63$0.38$2.01$45.49$49.514.13%
$48.00Aug 7$1.37$0.74$2.11$45.89$50.114.33%
$47.00Aug 7$2.03$0.30$2.33$44.67$49.334.78%
$48.50Aug 14$1.49$1.09$2.58$45.92$51.085.30%
$49.00Aug 14$1.16$1.46$2.62$46.38$51.625.38%
$48.00Aug 14$1.73$0.96$2.69$45.31$50.695.52%
$49.50Aug 14$0.93$1.78$2.71$46.79$52.215.56%
$47.50Aug 14$2.02$0.78$2.80$44.70$50.305.75%
$50.00Aug 14$0.82$2.01$2.83$47.17$52.835.81%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 141 found (cheapest 0.64% of stock, avg 4.02%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$52.00$46.00Aug 7$0.07$0.24$0.31$45.69$52.31
$52.00$47.00Aug 7$0.07$0.30$0.37$46.63$52.37
$51.00$46.00Aug 7$0.18$0.24$0.42$45.58$51.42
$52.00$47.50Aug 7$0.07$0.38$0.45$47.05$52.45
$51.00$47.00Aug 7$0.18$0.30$0.48$46.52$51.48
$51.00$47.50Aug 7$0.18$0.38$0.56$46.94$51.56
$50.00$46.00Aug 7$0.42$0.24$0.66$45.34$50.66
$52.00$46.50Aug 14$0.33$0.37$0.70$45.80$52.70
$50.00$47.00Aug 7$0.42$0.30$0.72$46.28$50.72
$55.00$44.00Aug 28$0.37$0.41$0.78$43.22$55.78

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 63 found (best R:R 8.09, avg credit $0.89)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
44/4547/48Aug 28$0.89$0.118.09$44.11$47.89
42/4348/49Sep 4$0.89$0.118.09$42.11$48.89
44/4548/49Sep 4$0.87$0.136.69$44.13$48.87
44/4445/46Aug 14$0.86$0.146.14$43.64$45.86
42/4352/53Sep 4$0.86$0.146.14$42.14$52.86
44/4552/53Sep 4$0.84$0.165.25$44.16$52.84
40/4245/48Sep 18$2.02$0.484.21$40.48$47.02
45/4648/48Aug 14$0.40$0.104.00$45.10$48.40
42/4347/48Sep 4$0.80$0.204.00$42.20$47.80
48/5052/55Sep 18$2.00$0.504.00$48.00$54.50

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 60 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$54.00$55.00$56.00Aug 28$0.05$0.9519.00
$50.00$51.00$52.00Aug 21$0.06$0.9415.67
$42.50$45.00$47.50Sep 18$0.21$2.2910.90
$50.00$51.00$52.00Aug 14$0.09$0.9110.11
$53.00$54.00$55.00Aug 21$0.09$0.9110.11
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$40.00$42.50$45.00Sep 18$0.15$2.3515.67
$40.00$41.00$42.00Aug 28$0.07$0.9313.29
$43.00$44.00$45.00Sep 4$0.10$0.909.00
$42.50$45.00$47.50Sep 18$0.32$2.186.81
$44.00$45.00$46.00Aug 28$0.13$0.876.69

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 71 found (best net $-1.54, 64 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$40.00$44.001:2Aug 14-$1.54$2.46
$55.00$57.501:2Sep 18-$0.10$2.40
$52.50$55.001:2Sep 18-$0.22$2.28
$49.00$52.001:2Sep 4-$0.94$2.06
$50.00$52.501:2Sep 18-$0.51$1.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$42.501:2Sep 18-$0.21$2.29
$47.50$45.001:2Sep 18-$0.44$2.06
$52.50$50.001:2Aug 21-$0.62$1.88
$44.00$42.001:2Aug 28-$0.23$1.77
$50.00$47.501:2Sep 18-$0.76$1.74

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 34 found (best yield 4.39%, avg 1.62%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$50.00Sep 18$2.140.452.7%4.39%7.06%17414.7K
$49.00Aug 28$1.930.510.6%3.96%4.58%232
$50.00Sep 11$1.660.422.7%3.41%6.08%1514
$49.00Aug 21$1.600.500.6%3.29%3.90%90120
$49.00Sep 4$1.420.480.6%2.92%3.53%14
$50.00Aug 28$1.400.442.7%2.87%5.54%21069
$49.50Aug 21$1.340.461.6%2.75%4.39%8454
$52.50Sep 18$1.310.327.8%2.69%10.49%392.7K
$50.00Aug 21$1.180.412.7%2.42%5.09%348983
$51.00Aug 28$1.110.374.7%2.28%7.00%3036

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 5,051
Total Puts 2,079
Put/Call Ratio 0.41
Net Difference 2,972

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 27,630
Total Puts 25,690
Average Put/Call Ratio 1.05
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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