Tour v492
LUV
SOUTHWEST AIRLS CO
$48.79 +0.18%
$48.86 (+0.14%)🌙
as of 08/05 06:20 PM
(8/4 18:16) ◀
|
Wednesday, August 5, 2026 (6:20pm)
January 2026
|
▶ (8/6 18:12)
◀ 8/5 18:20 ▶

Option Volume

Detail
ℹ
Current (08/05) 10,117
Calls: 8,022 (79%)
Puts: 2,095 (21%)
Prior (08/04) 7,130
Calls: 5,051 (71%)
Puts: 2,079 (29%)
Current vs Prior +41.89%
Calls: +58.82% (Calls)
Puts: +0.77% (Puts)
Prior 7-Day Total 52,548
Calls: 28,512 (54%)
Puts: 24,036 (46%)
Prior 7-Day Average 7,506
Calls: 4,073 (54%)
Puts: 3,433 (46%)
Current vs Prior 7-Day Avg +34.77%
Calls: +96.95%
Puts: -38.99%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/05) $1.67M
Calls: $1.29M (77%)
Puts: $381.7K (23%)
Prior (08/04) $1.46M
Calls: $1.28M (88%)
Puts: $179.3K (12%)
Current vs Prior +14.31%
Calls: +0.49%
Puts: +112.89%
Prior 7-Day Total $12.71M
Calls: $7.42M (58%)
Puts: $5.29M (42%)
Prior 7-Day Average $1.82M
Calls: $1.06M (58%)
Puts: $755.9K (42%)
Current vs Prior 7-Day Avg -8.20%
Calls: +21.26%
Puts: -49.51%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/05) 0.26
Prior (08/04) 0.41
Current vs Prior -36.55%
Prior 7-Day Average 0.98
Current vs Prior 7-Day Avg -73.48%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/05) 126,728
Calls: 83,574 (66%)
Puts: 43,154 (34%)
Prior (08/04) 131,669
Calls: 89,683 (68%)
Puts: 41,986 (32%)
Current vs Prior -3.75%
Prior 7-Day Total 1,100,225
Calls: 682,860 (62%)
Puts: 417,365 (38%)
Prior 7-Day Average 157,175
Calls: 97,551 (62%)
Puts: 59,623 (38%)
Current vs Prior 7-Day Avg -19.37%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.26% | 5.55%7.38% | 11.38%
Prior 4.19% | 6.06%7.74% | 11.62%
Current vs Prior -22.20% | -8.31%-4.69% | -2.12%
Prior 7-Day Avg 4.42% | 6.68%9.06% | 12.37%
Current vs 7-Day Avg -26.19% | -16.80%-18.59% | -8.07%
Prior 7-Day Eod 4.19% | 6.06%7.74% | 11.62%
Current vs 7-Day Eod -22.20% | -8.31%-4.69% | -2.12%
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 77% of dollar volume in calls ($1.29M) vs puts ($381.7K). Extreme bullish P/C ratio of 0.26 - heavy call buying (8,022 calls vs 2,095 puts). P/C ratio dropping 37% - sentiment shifting bullish. Call-heavy open interest (83,574 calls vs 43,154 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 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 8 of results (avg 7.8%, best 5.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 78.759.20$8.985.0%51.0012
$41.00Aug 77.758.20$7.985.6%40.988
$47.50Sep 183.353.60$3.487.2%1240.594.5K
$40.50Aug 78.258.90$8.577.6%50.989
$48.50Aug 211.821.99$1.918.9%70.5588
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Sep 183.203.50$3.359.0%90.553.5K
$50.00Aug 282.412.66$2.549.8%50.5766

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.72, cheapest $0.47)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Aug 210.420.51$0.4719.1%60.21--
$50.00Aug 140.780.94$0.8618.6%2.4K0.38495
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$48.00Aug 140.770.90$0.8415.5%660.3864

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 55 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 78.759.20$8.985.0%51.0012
$42.50Aug 75.857.35$6.6022.7%30.99--
$43.00Aug 74.507.95$6.2355.4%20.99--
$44.00Aug 74.755.80$5.2819.9%30.981
$45.00Aug 72.585.15$3.8766.4%80.9848
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 71.231.47$1.3517.8%50.8787
$52.00Aug 212.695.30$4.0065.2%100.773
$51.00Aug 283.003.45$3.2313.9%4040.65--
$50.00Aug 211.233.55$2.3997.1%160.59466
$49.50Aug 141.471.77$1.6218.5%130.579

Most actively traded options today. High liquidity = easy entry/exit. 145 active (total vol 9.2K, top 2.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 140.780.94$0.8618.6%2.4K0.38495
$49.00Aug 70.511.12$0.8274.4%1.0K0.54365
$49.50Aug 70.310.92$0.6298.4%1.0K0.44113
$55.00Sep 180.510.84$0.6848.5%3400.2018.8K
$52.50Sep 181.221.51$1.3721.2%3390.322.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$51.00Aug 283.003.45$3.2313.9%4040.65--
$46.00Sep 41.001.33$1.1728.2%2220.2813
$47.00Sep 41.221.69$1.4632.2%780.3413
$48.00Aug 140.770.90$0.8415.5%660.3864
$45.50Aug 70.030.12$0.08112.5%610.07116

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 33 strikes (avg 50.0%, max 202.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Aug 7Sep 18124.0%41.1%202.1%162.5K
$42.50Aug 7Sep 1891.4%40.4%126.2%163.6K
$43.00Aug 7Aug 2191.5%42.0%118.2%3--
$44.00Aug 7Sep 478.0%41.7%87.1%75
$46.00Aug 7Aug 2163.6%41.2%54.4%3220
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.00Aug 7Aug 14139.7%57.3%144.0%21--
$44.00Aug 7Sep 478.0%41.7%87.1%301.8K
$45.50Aug 7Aug 2171.7%40.8%75.8%68116
$46.00Aug 7Sep 1163.6%40.3%58.1%4108
$45.00Aug 7Sep 1862.1%40.4%53.7%643.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 76 found (best R:R 9.00, avg 2.39)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$55.00$57.50Sep 18$0.27$2.23$0.278.26$55.27
$52.00$53.00Aug 28$0.11$0.89$0.118.09$52.11
$53.00$55.00Aug 28$0.23$1.77$0.237.70$53.23
$50.00$51.00Aug 7$0.18$0.82$0.184.56$50.18
$52.50$54.00Aug 21$0.28$1.22$0.284.36$52.78
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$44.00$43.00Sep 4$0.10$0.90$0.109.00$43.90
$42.50$40.00Sep 18$0.32$2.18$0.326.81$42.18
$45.00$43.00Aug 28$0.28$1.72$0.286.14$44.72
$43.50$42.50Aug 21$0.17$0.83$0.174.88$43.33
$46.00$40.00Sep 11$1.05$4.95$1.054.71$44.95

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 88 found (best R:R 15.67, avg 1.31)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$43.00$45.00Aug 21$1.88$1.88$0.1215.67$44.88
$40.00$42.50Sep 18$2.35$2.35$0.1515.67$42.35
$42.50$45.00Sep 18$2.03$2.03$0.474.32$44.53
$45.00$48.00Aug 28$2.41$2.41$0.594.08$47.41
$45.00$46.00Aug 21$0.79$0.79$0.213.76$45.79
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.00$50.00Aug 21$1.61$1.61$0.394.13$50.39
$50.00$49.00Aug 7$0.69$0.69$0.312.23$49.31
$51.00$50.00Aug 28$0.69$0.69$0.312.23$50.31
$49.50$49.00Aug 14$0.31$0.31$0.191.63$49.19
$47.50$47.00Aug 14$0.29$0.29$0.211.38$47.21

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 32 found (avg debit $0.39, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$43.00Aug 7Aug 21$0.1291.5%42.0%
$48.00Aug 7Aug 14$0.1549.2%40.5%
$44.00Aug 7Aug 28$0.1778.0%40.3%
$52.00Aug 7Aug 14$0.1745.7%36.4%
$46.00Aug 7Aug 14$0.2063.6%39.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$40.00Aug 21Sep 4$0.0750.2%44.1%
$45.50Aug 7Aug 14$0.1271.7%40.7%
$44.00Aug 7Aug 14$0.1478.0%51.7%
$46.00Aug 7Aug 14$0.1763.6%39.1%
$43.00Aug 14Aug 28$0.1753.6%42.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 44 found (cheapest 2.87% of stock, avg 8.17%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$48.50Aug 7$0.93$0.47$1.40$47.10$49.902.87%
$49.00Aug 7$0.82$0.66$1.48$47.52$50.483.03%
$50.00Aug 7$0.25$1.35$1.60$48.40$51.603.28%
$48.00Aug 7$1.57$0.27$1.84$46.16$49.843.77%
$47.50Aug 7$1.74$0.14$1.88$45.62$49.383.85%
$47.00Aug 7$2.17$0.22$2.39$44.61$49.394.90%
$48.50Aug 14$1.40$1.06$2.46$46.04$50.965.04%
$49.00Aug 14$1.23$1.31$2.54$46.46$51.545.21%
$49.50Aug 14$0.93$1.62$2.55$46.95$52.055.23%
$48.00Aug 14$1.72$0.84$2.56$45.44$50.565.25%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 122 found (cheapest 0.43% of stock, avg 3.74%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$51.00$47.50Aug 7$0.07$0.14$0.21$47.29$51.21
$51.00$47.00Aug 7$0.07$0.22$0.29$46.71$51.29
$51.00$48.00Aug 7$0.07$0.27$0.34$47.66$51.34
$50.00$47.50Aug 7$0.25$0.14$0.39$47.11$50.39
$52.00$46.00Aug 14$0.20$0.25$0.45$45.55$52.45
$50.00$47.00Aug 7$0.25$0.22$0.47$46.53$50.47
$55.00$43.00Aug 28$0.23$0.28$0.51$42.49$55.51
$50.00$48.00Aug 7$0.25$0.27$0.52$47.48$50.52
$51.00$48.50Aug 7$0.07$0.47$0.54$47.96$51.54
$52.00$47.00Aug 14$0.20$0.46$0.66$46.34$52.66

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 103 found (best R:R 6.69, avg credit $0.80)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
48/4950/51Aug 28$0.87$0.136.69$48.13$50.87
45/4648/49Aug 21$0.40$0.104.00$45.10$48.90
50/5152/53Aug 28$0.80$0.204.00$50.20$52.80
40/4148/49Sep 4$0.80$0.204.00$40.20$48.80
45/4650/50Aug 21$0.39$0.113.55$45.11$49.89
40/4245/48Sep 18$1.94$0.563.46$40.56$46.94
48/5052/55Sep 18$1.92$0.583.31$48.08$54.42
42/4548/50Sep 18$1.90$0.603.17$43.10$49.40
40/4144/48Sep 4$3.00$1.003.00$38.00$47.00
40/4149/51Sep 4$1.49$0.512.92$39.51$50.49

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 37 found (best R:R 16.86, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$50.00$52.50$55.00Sep 18$0.14$2.3616.86
$52.00$53.00$54.00Aug 14$0.07$0.9313.29
$40.00$42.50$45.00Sep 18$0.32$2.186.81
$45.00$47.50$50.00Sep 18$0.34$2.166.35
$50.00$51.00$52.00Aug 7$0.14$0.866.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$41.00$42.00$43.00Aug 14$0.06$0.9415.67
$46.00$47.00$48.00Sep 4$0.11$0.898.09
$48.50$49.00$49.50Aug 14$0.06$0.447.33
$47.50$48.00$48.50Aug 21$0.06$0.447.33
$48.00$48.50$49.00Aug 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. 62 found (best net $-0.24, 48 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$44.00$48.001:2Sep 4-$0.24$3.76
$45.00$48.001:2Aug 28-$0.03$2.97
$55.00$57.501:2Sep 18-$0.14$2.36
$53.00$55.001:2Aug 28$0.00$2.00
$50.00$52.501:2Sep 18-$0.54$1.96
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.50$45.001:2Sep 18-$0.26$2.24
$45.00$43.001:2Aug 28$0.00$2.00
$44.00$42.001:2Aug 7-$0.21$1.79
$50.00$47.501:2Sep 18-$0.89$1.61
$48.00$46.001:2Sep 11-$0.47$1.53

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 28 found (best yield 4.26%, avg 1.77%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$50.00Sep 18$2.080.452.5%4.26%6.74%10914.6K
$49.00Aug 28$1.830.510.4%3.75%4.18%534
$49.00Sep 4$1.780.540.4%3.65%4.08%1--
$50.00Sep 11$1.750.462.5%3.59%6.07%161--
$49.00Aug 21$1.500.500.4%3.07%3.50%56194
$50.00Aug 28$1.370.432.5%2.81%5.29%27119
$49.50Aug 21$1.250.461.5%2.56%4.02%24--
$51.00Sep 4$1.240.394.5%2.54%7.07%5--
$52.50Sep 18$1.220.327.6%2.50%10.10%3392.7K
$49.00Aug 14$1.140.500.4%2.34%2.77%43483

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 8,022
Total Puts 2,095
Put/Call Ratio 0.26
Net Difference 5,927

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 28,512
Total Puts 24,036
Average Put/Call Ratio 0.98
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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