Tour v492
LUV
SOUTHWEST AIRLS CO
$46.94 -3.79%
(8/5 18:20) ◀
|
Thursday, August 6, 2026 (6:12pm)
January 2026
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◀ 8/6 18:12

Option Volume

Detail
ℹ
Current (08/06) 10,115
Calls: 7,415 (73%)
Puts: 2,700 (27%)
Prior (08/05) 10,117
Calls: 8,022 (79%)
Puts: 2,095 (21%)
Current vs Prior -0.02%
Calls: -7.57% (Calls)
Puts: +28.88% (Puts)
Prior 7-Day Total 54,950
Calls: 31,440 (57%)
Puts: 23,510 (43%)
Prior 7-Day Average 7,850
Calls: 4,491 (57%)
Puts: 3,358 (43%)
Current vs Prior 7-Day Avg +28.85%
Calls: +65.09%
Puts: -19.61%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06) $2.51M
Calls: $1.84M (73%)
Puts: $666.9K (27%)
Prior (08/05) $1.67M
Calls: $1.29M (77%)
Puts: $381.7K (23%)
Current vs Prior +50.41%
Calls: +43.18%
Puts: +74.74%
Prior 7-Day Total $12.72M
Calls: $7.62M (60%)
Puts: $5.10M (40%)
Prior 7-Day Average $1.82M
Calls: $1.09M (60%)
Puts: $728.4K (40%)
Current vs Prior 7-Day Avg +38.04%
Calls: +69.15%
Puts: -8.44%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06) 0.36
Prior (08/05) 0.26
Current vs Prior +39.43%
Prior 7-Day Average 0.95
Current vs Prior 7-Day Avg -61.62%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06) 128,842
Calls: 88,038 (68%)
Puts: 40,804 (32%)
Prior (08/05) 126,728
Calls: 83,574 (66%)
Puts: 43,154 (34%)
Current vs Prior +1.67%
Prior 7-Day Total 1,012,565
Calls: 641,591 (63%)
Puts: 370,974 (37%)
Prior 7-Day Average 144,652
Calls: 91,655 (63%)
Puts: 52,996 (37%)
Current vs Prior 7-Day Avg -10.93%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 2.96% | 5.43%6.41% | 11.01%
Prior 3.26% | 5.55%7.38% | 11.38%
Current vs Prior -9.13% | -2.20%-13.09% | -3.18%
Prior 7-Day Avg 4.20% | 6.46%8.70% | 12.15%
Current vs 7-Day Avg -29.46% | -15.85%-26.28% | -9.34%
Prior 7-Day Eod 3.26% | 5.55%7.38% | 11.38%
Current vs 7-Day Eod -9.13% | -2.20%-13.09% | -3.18%
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

Moderately bullish flow with 73% call dollar volume ($1.84M). Elevated premium activity with dollar volume up 50% vs prior. Extreme bullish P/C ratio of 0.36 - heavy call buying (7,415 calls vs 2,700 puts). P/C ratio rising 39% - increased hedging/bearish 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 10 of results (avg 8.6%, best 4.8%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Aug 211.211.31$1.267.9%2440.47400
$48.00Aug 211.001.09$1.058.6%1.6K0.41102
$50.00Sep 181.271.40$1.349.7%3000.3514.6K
$47.00Aug 141.061.17$1.129.8%240.51--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Sep 186.056.35$6.204.8%100.79--
$49.00Aug 212.542.76$2.658.3%30.71103
$48.00Sep 42.562.79$2.688.6%40.5475
$48.00Aug 211.912.09$2.009.0%460.5940
$47.50Aug 211.621.78$1.709.4%2190.54287

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.77, cheapest $0.71)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.50Sep 180.670.75$0.7111.3%7980.222.8K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.50Aug 210.760.89$0.8315.7%180.32108

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 58 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Aug 78.009.65$8.8218.7%121.004
$39.50Aug 77.258.35$7.8014.1%781.0020
$40.00Aug 76.457.85$7.1519.6%141.0012
$40.50Aug 76.057.45$6.7520.7%1271.0012
$41.00Aug 75.657.05$6.3522.0%1631.009
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.00Aug 74.055.20$4.6324.8%20.981
$53.00Aug 74.206.25$5.2339.2%20.98--
$50.00Aug 72.383.15$2.7627.9%670.9692
$51.00Aug 73.154.25$3.7029.7%20.932
$56.00Aug 76.959.30$8.1328.9%10.91--

Most actively traded options today. High liquidity = easy entry/exit. 146 active (total vol 8.8K, top 1.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$48.00Aug 211.001.09$1.058.6%1.6K0.41102
$48.00Aug 140.650.81$0.7321.9%1.5K0.37103
$52.50Sep 180.670.75$0.7111.3%7980.222.8K
$50.00Sep 181.271.40$1.349.7%3000.3514.6K
$47.50Aug 211.211.31$1.267.9%2440.47400
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.00Aug 211.041.52$1.2837.5%3630.4869
$47.50Aug 211.621.78$1.709.4%2190.54287
$47.50Sep 182.562.88$2.7211.8%1840.508.7K
$42.50Sep 180.651.25$0.9563.2%1230.223.1K
$50.00Sep 43.404.10$3.7518.7%1160.681

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 31 strikes (avg 64.3%, max 257.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Aug 7Sep 18150.2%42.1%257.2%252.5K
$51.00Aug 7Sep 4112.2%41.8%168.5%3151
$49.50Aug 7Aug 2187.5%40.3%116.8%231.2K
$48.00Aug 7Sep 1168.3%33.9%101.3%34269
$50.00Aug 7Sep 1870.6%38.5%83.4%32614.8K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$44.50Aug 14Aug 2182.4%36.8%124.1%67375
$43.00Aug 7Sep 1189.7%44.1%103.2%2398
$48.00Aug 7Sep 1168.3%33.9%101.3%4267
$50.00Aug 7Sep 1870.6%38.5%83.4%1513.6K
$44.00Aug 7Aug 2877.2%43.4%77.8%88327

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 68 found (best R:R 20.43, avg 2.93)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$52.00$55.00Aug 28$0.14$2.86$0.1420.43$52.14
$51.00$55.00Aug 21$0.22$3.78$0.2217.18$51.22
$52.50$55.00Sep 18$0.31$2.19$0.317.06$52.81
$50.00$51.00Aug 14$0.15$0.85$0.155.67$50.15
$50.00$51.00Aug 21$0.16$0.84$0.165.25$50.16
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$42.00$40.00Aug 21$0.11$1.89$0.1117.18$41.89
$42.00$40.00Sep 4$0.14$1.86$0.1413.29$41.86
$44.00$43.00Aug 28$0.14$0.86$0.146.14$43.86
$48.00$47.00Sep 11$0.17$0.83$0.174.88$47.83
$42.50$40.00Sep 18$0.54$1.96$0.543.63$41.96

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 1.10)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$41.00$41.50Aug 7$0.40$0.40$0.104.00$41.40
$40.00$45.00Sep 18$3.94$3.94$1.063.72$43.94
$46.50$47.00Aug 7$0.38$0.38$0.123.17$46.88
$45.00$46.00Aug 14$0.72$0.72$0.282.57$45.72
$46.50$47.00Aug 21$0.32$0.32$0.181.78$46.82
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$54.00$53.00Aug 7$0.90$0.90$0.109.00$53.10
$49.00$48.00Aug 28$0.84$0.84$0.165.25$48.16
$52.50$50.00Sep 18$2.07$2.07$0.434.81$50.43
$50.00$48.50Aug 7$1.14$1.14$0.363.17$48.86
$53.00$52.00Aug 7$0.60$0.60$0.401.50$52.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 27 found (avg debit $0.47, cheapest $0.13)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$55.00Aug 21Aug 28$0.1346.9%46.2%
$49.50Aug 7Aug 14$0.2087.5%41.6%
$50.00Aug 7Aug 14$0.2270.6%42.1%
$44.00Aug 7Aug 21$0.2477.2%42.9%
$52.00Aug 14Aug 28$0.2844.7%38.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$44.00Aug 7Aug 14$0.1877.2%42.6%
$40.00Aug 21Sep 4$0.2446.6%48.2%
$43.00Aug 7Aug 14$0.2589.7%55.7%
$45.00Aug 7Aug 14$0.3661.1%42.3%
$49.00Aug 21Aug 28$0.4434.9%44.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 45 found (cheapest 2.15% of stock, avg 7.74%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$47.00Aug 7$0.47$0.54$1.01$45.99$48.012.15%
$47.50Aug 7$0.28$0.81$1.09$46.41$48.592.32%
$46.50Aug 7$0.85$0.27$1.12$45.38$47.622.39%
$48.00Aug 7$0.25$1.05$1.30$46.70$49.302.77%
$46.00Aug 7$1.40$0.22$1.62$44.38$47.623.45%
$48.50Aug 7$0.10$1.62$1.72$46.78$50.223.66%
$45.00Aug 7$1.96$0.06$2.02$42.98$47.024.30%
$45.50Aug 7$2.09$0.08$2.17$43.33$47.674.62%
$47.00Aug 14$1.12$1.12$2.24$44.76$49.244.77%
$48.00Aug 14$0.73$1.67$2.40$45.60$50.405.11%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 124 found (cheapest 0.34% of stock, avg 3.60%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$48.50$45.00Aug 7$0.10$0.06$0.16$44.84$48.66
$48.50$45.50Aug 7$0.10$0.08$0.18$45.32$48.68
$49.50$45.00Aug 7$0.12$0.06$0.18$44.82$49.68
$49.50$45.50Aug 7$0.12$0.08$0.20$45.30$49.70
$48.00$45.00Aug 7$0.25$0.06$0.31$44.69$48.31
$48.50$46.00Aug 7$0.10$0.22$0.32$45.68$48.82
$48.00$45.50Aug 7$0.25$0.08$0.33$45.17$48.33
$47.50$45.00Aug 7$0.28$0.06$0.34$44.66$47.84
$49.50$46.00Aug 7$0.12$0.22$0.34$45.66$49.84
$47.50$45.50Aug 7$0.28$0.08$0.36$45.14$47.86

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 117 found (best R:R 7.33, avg credit $0.65)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
42/4246/47Aug 14$0.88$0.127.33$41.62$46.88
47/4848/49Aug 21$0.87$0.136.69$46.63$48.87
42/4349/50Sep 11$0.85$0.155.67$42.15$49.85
45/4646/47Aug 14$0.82$0.184.56$44.68$46.82
47/4851/52Aug 28$0.82$0.184.56$47.18$51.82
40/4245/48Sep 18$1.98$0.523.81$40.52$46.98
42/4245/46Aug 21$0.79$0.213.76$41.71$45.79
45/4648/48Aug 21$0.39$0.113.55$45.11$47.89
42/4248/48Aug 21$0.38$0.123.17$42.12$47.88
42/4345/46Aug 21$0.76$0.243.17$42.24$45.76

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 $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$45.00$46.00$47.00Aug 14$0.10$0.909.00
$50.00$52.50$55.00Sep 18$0.32$2.186.81
$45.00$47.50$50.00Sep 18$0.33$2.176.58
$50.00$51.00$52.00Aug 14$0.14$0.866.14
$48.00$48.50$49.00Aug 7$0.08$0.425.25
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$40.00$42.50$45.00Sep 18$0.14$2.3616.86
$46.00$47.00$48.00Sep 4$0.09$0.9110.11
$43.00$44.00$45.00Aug 28$0.10$0.909.00
$45.00$47.50$50.00Sep 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. 62 found (best net $-0.08, 52 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$48.00$51.001:2Sep 4-$0.08$2.92
$52.00$55.001:2Aug 28-$0.09$2.91
$50.00$52.501:2Sep 18-$0.08$2.42
$52.50$55.001:2Sep 18-$0.09$2.41
$47.50$50.001:2Sep 18-$0.23$2.27
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$42.501:2Sep 18-$0.27$2.23
$47.50$45.001:2Sep 18-$0.54$1.96
$42.00$40.001:2Sep 4-$0.17$1.83
$45.00$43.001:2Sep 11-$0.34$1.66
$47.00$45.001:2Sep 11-$0.51$1.49

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 30 found (best yield 4.79%, avg 1.57%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$47.50Sep 18$2.250.501.2%4.79%5.99%2284.5K
$48.00Sep 11$1.610.482.3%3.43%5.69%520
$48.00Sep 4$1.390.472.3%2.96%5.22%19
$48.00Aug 28$1.320.452.3%2.81%5.07%11333
$49.00Sep 11$1.300.414.4%2.77%7.16%102
$50.00Sep 18$1.270.356.5%2.71%9.22%30014.6K
$47.00Aug 21$1.260.520.1%2.68%2.81%102298
$47.50Aug 21$1.210.471.2%2.58%3.77%244400
$47.00Aug 14$1.060.510.1%2.26%2.39%24--
$48.00Aug 21$1.000.412.3%2.13%4.39%1.6K102

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 7,415
Total Puts 2,700
Put/Call Ratio 0.36
Net Difference 4,715

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 31,440
Total Puts 23,510
Average Put/Call Ratio 0.95
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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