Tour v374
LUV
SOUTHWEST AIRLS CO
$48.47 +0.27%
(7/20 18:03) ◀
|
Tuesday, July 21, 2026 (2:05pm)
January 2026
|
▶ (7/21 18:01)
◀ 7/21 14:05 ▶

Option Volume

Detail
ℹ
Current (07/21 2:05pm) 6,030
Calls: 4,100 (68%)
Puts: 1,930 (32%)
Prior (04/22) 16,542
Calls: 5,166 (31%)
Puts: 11,376 (69%)
Current vs Prior -63.55%
Calls: -20.63% (Calls)
Puts: -83.03% (Puts)
Prior 7-Day Total 26,525
Calls: 8,429 (32%)
Puts: 18,096 (68%)
Prior 7-Day Average 13,262
Calls: 1,204 (32%)
Puts: 2,585 (68%)
Current vs Prior 7-Day Avg -54.53%
Calls: +240.49%
Puts: -25.34%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/21 2:05pm) $878.7K
Calls: $599.5K (68%)
Puts: $279.2K (32%)
Prior (04/22) $2.18M
Calls: $1.14M (53%)
Puts: $1.03M (47%)
Current vs Prior -59.64%
Calls: -47.59%
Puts: -72.98%
Prior 7-Day Total $4.99M
Calls: $2.45M (49%)
Puts: $2.54M (51%)
Prior 7-Day Average $2.49M
Calls: $349.6K (49%)
Puts: $362.9K (51%)
Current vs Prior 7-Day Avg -64.76%
Calls: +71.50%
Puts: -23.06%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/21 2:05pm) 0.47
Prior (04/22) 2.20
Current vs Prior -78.62%
Prior 7-Day Average 2.13
Current vs Prior 7-Day Avg -77.91%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/21 2:05pm) 227,853
Calls: 137,748 (60%)
Puts: 90,105 (40%)
Prior (04/22) 339,236
Calls: 210,443 (62%)
Puts: 128,793 (38%)
Current vs Prior -32.83%
Prior 7-Day Total 673,622
Calls: 419,546 (62%)
Puts: 254,076 (38%)
Prior 7-Day Average 336,811
Calls: 209,773 (62%)
Puts: 127,038 (38%)
Current vs Prior 7-Day Avg -32.35%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 7.65% | 8.83%12.46% | 15.12%
Prior 9.23% | 10.63%-- | --
Current vs Prior -17.08% | -16.91%-- | --
Prior 7-Day Avg 8.67% | 10.56%-- | --
Current vs 7-Day Avg -11.74% | -16.36%-- | --
Prior 7-Day Eod 9.23% | 10.63%-- | --
Current vs 7-Day Eod -17.08% | -16.91%-- | --
Sentiment BULLISH--

Relative Spread

Detail
ℹ
Expiry | Next
Current 14.28% | 8.46%
Calls: 14.36% | 7.86%
Puts: 14.20% | 9.05%
Prior 8.30% | 13.06%
Calls: 5.67% | 16.22%
Puts: 10.93% | 9.91%
Current vs Prior +72.05% | -35.22%
Prior 7-Day Avg 8.30% | 13.06%
Calls: 5.67% | 16.22%
Puts: 10.93% | 9.91%
Current vs 7-Day Avg +72.05% | -35.22%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 68% call dollar volume ($599.5K). Light premium activity with dollar volume down 60% vs prior. Below-average activity with volume down 64% vs prior. Extreme bullish P/C ratio of 0.47 - heavy call buying (4,100 calls vs 1,930 puts).

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 BEARISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
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 30 of results (avg 7.1%, best 2.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.00Jul 312.842.96$2.904.1%--0.6414
$50.00Aug 212.182.31$2.255.8%90.451.1K
$49.50Jul 311.551.65$1.606.2%--0.4526
$45.00Aug 214.905.25$5.086.9%10.72136
$46.00Aug 144.004.30$4.157.2%--0.6820
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Aug 213.503.60$3.552.8%30.55495
$50.00Aug 143.253.40$3.334.5%10.5643
$51.00Aug 143.854.05$3.955.1%220.625
$48.00Aug 142.202.33$2.275.7%160.4439
$49.00Aug 72.472.62$2.555.9%10.512

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.78, cheapest $0.37)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Aug 210.730.85$0.7915.2%230.21914
$53.00Aug 140.871.04$0.9617.7%270.2728
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 210.340.40$0.3716.2%1420.10362
$44.00Aug 140.770.93$0.8518.8%--0.21329
$43.50Aug 210.841.00$0.9217.4%20.21--

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 53 found (avg delta 0.70, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Jul 247.809.40$8.6018.6%20.9839
$39.50Jul 248.409.90$9.1516.4%--0.9841
$42.00Jul 245.957.20$6.5819.0%30.96300
$40.50Jul 247.309.25$8.2823.6%10.955
$43.00Jul 245.056.75$5.9028.8%10.92113
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$57.50Aug 218.6510.00$9.3214.5%--0.8688
$53.00Jul 244.005.00$4.5022.2%30.8369
$55.00Aug 216.657.70$7.1814.6%--0.7962
$53.00Jul 314.205.25$4.7222.2%30.7812
$52.00Jul 243.804.20$4.0010.0%--0.78105

Most actively traded options today. High liquidity = easy entry/exit. 113 active (total vol 5.0K, top 2.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Jul 240.981.15$1.0715.9%2.8K0.38480
$48.50Jul 241.621.79$1.719.9%2810.52294
$54.00Aug 210.881.10$0.9922.2%1410.25--
$49.00Jul 241.341.62$1.4818.9%1390.47739
$52.00Jul 240.430.60$0.5232.7%560.222.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$48.50Jul 241.571.81$1.6914.2%2140.48241
$48.00Jul 241.331.48$1.4110.6%1850.43388
$40.00Aug 210.340.40$0.3716.2%1420.10362
$45.00Aug 211.251.41$1.3312.0%1400.28151
$41.00Jul 240.050.18$0.12108.3%760.05476

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 41 strikes (avg 80.6%, max 149.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$58.00Jul 24Aug 21122.9%49.3%149.4%18145
$42.50Jul 24Aug 21108.3%51.4%110.8%242
$48.00Jul 24Aug 2892.8%46.7%98.8%35768
$53.00Jul 24Aug 2896.1%48.4%98.7%165.5K
$54.00Jul 24Aug 2196.1%49.5%93.9%16993
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$41.00Jul 24Aug 21115.5%53.5%115.8%77482
$42.50Jul 24Aug 21108.3%51.4%110.8%2426
$43.50Jul 24Aug 21105.8%51.1%106.9%615
$44.00Jul 24Aug 2199.9%50.7%97.1%16219
$47.50Jul 24Aug 2194.1%49.0%92.3%24432

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 105 found (best R:R 14.38, avg 2.26)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$56.00$58.00Aug 7$0.13$1.87$0.1314.38$56.13
$53.00$54.00Jul 24$0.12$0.88$0.127.33$53.12
$53.00$54.00Jul 31$0.13$0.87$0.136.69$53.13
$55.00$57.50Aug 21$0.34$2.16$0.346.35$55.34
$52.00$53.00Jul 24$0.15$0.85$0.155.67$52.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$41.00$40.00Aug 7$0.11$0.89$0.118.09$40.89
$41.00$40.00Aug 21$0.13$0.87$0.136.69$40.87
$42.50$41.00Aug 21$0.20$1.30$0.206.50$42.30
$45.00$44.50Jul 24$0.10$0.40$0.104.00$44.90
$45.50$45.00Aug 7$0.10$0.40$0.104.00$45.40

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 116 found (best R:R 14.79, avg 1.13)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$42.00$45.00Jul 31$2.81$2.81$0.1914.79$44.81
$43.00$45.00Jul 24$1.70$1.70$0.305.67$44.70
$44.00$48.00Aug 28$3.15$3.15$0.853.71$47.15
$42.00$42.50Aug 21$0.37$0.37$0.132.85$42.37
$45.00$46.00Aug 21$0.73$0.73$0.272.70$45.73
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$55.00$52.50Aug 21$2.15$2.15$0.356.14$52.85
$57.50$55.00Aug 21$2.14$2.14$0.365.94$55.36
$52.00$51.00Jul 24$0.75$0.75$0.253.00$51.25
$52.00$51.00Jul 31$0.75$0.75$0.253.00$51.25
$51.00$50.00Jul 24$0.71$0.71$0.292.45$50.29

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 37 found (avg debit $0.34, cheapest $0.13)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$51.00Jul 24Jul 31$0.1998.1%60.6%
$54.00Jul 24Jul 31$0.1996.1%63.7%
$53.00Jul 24Jul 31$0.2096.1%63.7%
$46.00Aug 14Aug 21$0.2052.0%49.2%
$58.00Jul 24Jul 31$0.25122.9%87.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.00Jul 24Jul 31$0.1394.6%64.9%
$39.00Aug 7Aug 14$0.1366.1%63.6%
$44.00Jul 24Jul 31$0.1699.9%63.9%
$42.50Jul 24Jul 31$0.20108.3%73.0%
$43.00Jul 24Jul 31$0.2296.7%68.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 44 found (cheapest 6.97% of stock, avg 11.11%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$49.00Jul 24$1.48$1.90$3.38$45.62$52.386.97%
$48.50Jul 24$1.71$1.69$3.40$45.10$51.907.01%
$48.00Jul 24$2.02$1.41$3.43$44.57$51.437.08%
$47.50Jul 24$2.26$1.21$3.47$44.03$50.977.16%
$47.00Jul 24$2.58$1.03$3.61$43.39$50.617.45%
$50.00Jul 24$1.07$2.54$3.61$46.39$53.617.45%
$46.50Jul 24$2.99$0.77$3.76$42.74$50.267.76%
$48.00Jul 31$2.29$1.75$4.04$43.96$52.048.34%
$51.00Jul 24$0.81$3.25$4.06$46.94$55.068.38%
$48.50Jul 31$2.07$1.99$4.06$44.44$52.568.38%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 126 found (cheapest 2.66% of stock, avg 5.68%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$52.00$46.50Jul 24$0.52$0.77$1.29$45.21$53.29
$52.00$47.00Jul 24$0.52$1.03$1.55$45.45$53.55
$54.00$44.00Aug 14$0.70$0.85$1.55$42.45$55.55
$51.00$46.50Jul 24$0.81$0.77$1.58$44.92$52.58
$52.00$47.50Jul 24$0.52$1.21$1.73$45.77$53.73
$52.00$46.00Jul 31$0.82$0.95$1.77$44.23$53.77
$53.00$44.00Aug 14$0.96$0.85$1.81$42.19$54.81
$54.00$45.00Aug 14$0.70$1.13$1.83$43.17$55.83
$50.00$46.50Jul 24$1.07$0.77$1.84$44.66$51.84
$51.00$47.00Jul 24$0.81$1.03$1.84$45.16$52.84

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 228 found (best R:R 9.53, avg credit $0.65)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
42/4243/45Jul 24$1.81$0.199.53$40.69$44.81
47/4850/51Jul 31$0.90$0.109.00$47.10$50.90
47/4849/50Aug 14$0.90$0.109.00$47.10$49.90
43/4448/49Aug 7$0.89$0.118.09$43.11$48.89
47/4848/49Aug 7$0.88$0.127.33$46.62$48.88
50/5153/54Aug 14$0.88$0.127.33$50.12$53.88
41/4247/48Jul 31$0.87$0.136.69$40.63$47.87
44/4548/49Aug 7$0.87$0.136.69$44.13$48.87
44/4548/49Aug 21$0.87$0.136.69$44.13$48.87
45/4647/48Jul 31$0.86$0.146.14$45.14$47.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 46 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$48.00$49.00$50.00Aug 14$0.05$0.9519.00
$53.00$54.00$55.00Aug 21$0.06$0.9415.67
$48.00$49.00$50.00Aug 21$0.11$0.898.09
$52.00$53.00$54.00Jul 31$0.12$0.887.33
$50.00$51.00$52.00Aug 7$0.12$0.887.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$48.00$49.00$50.00Aug 7$0.05$0.9519.00
$49.00$50.00$51.00Jul 24$0.07$0.9313.29
$43.00$44.00$45.00Aug 14$0.07$0.9313.29
$47.50$50.00$52.50Aug 21$0.18$2.3212.89
$45.00$46.00$47.00Aug 14$0.08$0.9211.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 75 found (best net $-0.28, 70 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$44.00$48.001:2Aug 28-$0.28$3.72
$55.00$57.501:2Aug 21-$0.11$2.39
$56.00$58.001:2Aug 7-$0.15$1.85
$56.00$58.001:2Jul 24-$0.23$1.77
$56.00$58.001:2Jul 31-$0.40$1.60
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.50$45.001:2Aug 21-$0.41$2.09
$50.00$47.501:2Aug 21-$0.95$1.55
$42.50$41.001:2Aug 21-$0.30$1.20
$41.00$40.001:2Aug 7-$0.07$0.93
$42.00$41.001:2Aug 14-$0.08$0.92

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 45 found (best yield 5.01%, avg 2.14%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$49.00Aug 21$2.430.511.1%5.01%6.11%--50
$49.00Aug 14$2.270.501.1%4.68%5.78%1813
$50.00Aug 21$2.180.453.2%4.50%7.65%91.1K
$49.00Aug 7$2.090.491.1%4.31%5.41%--234
$48.50Jul 31$1.990.520.1%4.11%4.17%--55
$50.00Aug 14$1.850.443.2%3.82%6.97%489
$49.00Jul 31$1.750.481.1%3.61%4.70%5131
$51.00Aug 21$1.750.405.2%3.61%8.83%--11
$50.00Aug 7$1.650.433.2%3.40%6.56%--49
$48.50Jul 24$1.620.520.1%3.34%3.40%281294

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 4,100
Total Puts 1,930
Put/Call Ratio 0.47
Net Difference 2,170

Prior's Put/Call Breakdown

Total Calls 5,166
Total Puts 11,376
Put/Call Ratio 2.20
Net Difference -6,210

Prior 7-Day Put/Call Summary

Total Calls 8,429
Total Puts 18,096
Average Put/Call Ratio 2.13
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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