LUV - Options Database

LUV

SOUTHWEST AIRLS CO

$47.77 -1.89%

(7/21 18:01) ◀

Wednesday, July 22, 2026 (2:05pm)

▶ (7/22 18:05)

◀ 7/22 14:05 ▶

Option Volume

Detail

ℹ

Current (07/22 2:05pm) 7,042

Calls: 3,053 (43%)

Puts: 3,989 (57%)

Prior (07/21) 6,030

Calls: 4,100 (68%)

Puts: 1,930 (32%)

Current vs Prior +16.78%

Calls: -25.54% (Calls)

Puts: +106.68% (Puts)

Prior 7-Day Total 32,555

Calls: 12,529 (38%)

Puts: 20,026 (62%)

Prior 7-Day Average 10,851

Calls: 1,789 (38%)

Puts: 2,860 (62%)

Current vs Prior 7-Day Avg -35.11%

Calls: +70.57%

Puts: +39.43%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/22 2:05pm) $738.2K

Calls: $434.9K (59%)

Puts: $303.3K (41%)

Prior (07/21) $878.7K

Calls: $599.5K (68%)

Puts: $279.2K (32%)

Current vs Prior -15.99%

Calls: -27.46%

Puts: +8.62%

Prior 7-Day Total $5.87M

Calls: $3.05M (52%)

Puts: $2.82M (48%)

Prior 7-Day Average $1.96M

Calls: $435.2K (52%)

Puts: $402.8K (48%)

Current vs Prior 7-Day Avg -62.25%

Calls: -0.07%

Puts: -24.70%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/22 2:05pm) 1.31

Prior (07/21) 0.47

Current vs Prior +177.56%

Prior 7-Day Average 1.58

Current vs Prior 7-Day Avg -17.17%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/22 2:05pm) 232,237

Calls: 141,099 (61%)

Puts: 91,138 (39%)

Prior (07/21) 227,853

Calls: 137,748 (60%)

Puts: 90,105 (40%)

Current vs Prior +1.92%

Prior 7-Day Total 901,475

Calls: 557,294 (62%)

Puts: 344,181 (38%)

Prior 7-Day Average 300,491

Calls: 185,764 (62%)

Puts: 114,727 (38%)

Current vs Prior 7-Day Avg -22.71%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)

Current 7.24% | 8.81%12.12% | 14.76%

Prior 8.11% | 10.49%12.46% | 15.12%

Current vs Prior -10.74% | -15.96%-2.73% | -2.41%

Prior 7-Day Avg 8.33% | 9.98%12.46% | 15.12%

Current vs 7-Day Avg -13.08% | -11.71%-2.73% | -2.41%

Prior 7-Day Eod 8.11% | 10.49%12.36% | 15.32%

Current vs 7-Day Eod -10.74% | -15.96%-1.97% | -3.68%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 14.43% | 12.34%

Calls: 15.34% | 16.11%

Puts: 13.53% | 8.57%

Prior 10.70% | 15.83%

Calls: 9.37% | 15.24%

Puts: 12.03% | 16.42%

Current vs Prior +34.86% | -22.05%

Prior 7-Day Avg 9.50% | 14.45%

Calls: 7.52% | 15.73%

Puts: 11.48% | 13.17%

Current vs 7-Day Avg +51.89% | -14.57%

Liquidity Expensive

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Bearish P/C ratio of 1.31 indicates protective positioning. P/C ratio rising 178% - increased hedging/bearish positioning. Call-heavy open interest (141,099 calls vs 91,138 puts) suggests bullish positioning.

Smart Money BULLISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BEARISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

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📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

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⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 28 of results (avg 7.9%, best 3.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$45.50	Jul 24	2.86	3.10	$2.98	8.1%	4	0.74	23
$45.00	Jul 31	3.50	3.80	$3.65	8.2%	9	0.74	42
$48.00	Aug 21	2.61	2.84	$2.72	8.5%	1	0.52	6
$45.50	Jul 31	3.15	3.45	$3.30	9.1%	4	0.70	1
$44.50	Aug 21	4.60	5.05	$4.82	9.3%	51	0.72	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$48.00	Aug 21	2.74	2.83	$2.79	3.2%	6	0.48	1
$52.50	Aug 21	5.50	5.75	$5.63	4.4%	--	0.72	187
$48.50	Aug 21	2.96	3.10	$3.03	4.6%	2	0.51	15
$50.00	Aug 14	3.60	3.80	$3.70	5.4%	--	0.61	43
$51.00	Jul 31	3.85	4.10	$3.97	6.3%	8	0.72	141

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.86, cheapest $0.76)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$53.00	Aug 21	0.89	1.05	$0.97	16.5%	2	0.26	9

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$42.50	Aug 21	0.68	0.83	$0.76	19.7%	3	0.19	417

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 58 found (avg delta 0.70, highest 0.98)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$39.50	Jul 24	7.65	9.10	$8.38	17.3%	1	0.98	41
$40.00	Jul 24	7.25	8.60	$7.93	17.0%	3	0.98	39
$41.00	Jul 24	6.40	7.70	$7.05	18.4%	5	0.97	--
$40.50	Jul 24	6.75	8.10	$7.43	18.2%	1	0.96	6
$41.50	Jul 24	5.75	7.35	$6.55	24.4%	2	0.94	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$53.00	Jul 24	4.25	5.55	$4.90	26.5%	--	0.88	69
$52.00	Jul 24	3.30	5.10	$4.20	42.9%	--	0.84	105
$53.00	Jul 31	4.90	6.45	$5.68	27.3%	--	0.83	12
$55.00	Aug 21	7.00	7.90	$7.45	12.1%	--	0.82	62
$52.00	Jul 31	4.25	5.00	$4.63	16.2%	--	0.78	177

Most actively traded options today. High liquidity = easy entry/exit. 129 active (total vol 5.3K, top 753)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$57.00	Aug 21	0.29	0.49	$0.39	51.3%	691	0.12	2
$56.00	Aug 21	0.38	0.55	$0.47	36.2%	506	0.14	57
$51.00	Jul 24	0.41	0.61	$0.51	39.2%	257	0.23	3.7K
$49.00	Jul 24	1.00	1.22	$1.11	19.8%	238	0.40	781
$50.00	Jul 24	0.64	0.89	$0.77	32.5%	145	0.31	3.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$41.00	Aug 21	0.43	0.60	$0.52	32.7%	753	0.14	7
$43.50	Jul 24	0.19	0.28	$0.24	37.5%	473	0.12	18
$44.50	Jul 24	0.37	0.78	$0.57	71.9%	367	0.21	37
$44.00	Jul 24	0.26	0.35	$0.31	29.0%	187	0.15	222
$43.00	Jul 24	0.16	0.21	$0.19	26.3%	87	0.10	430

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 45 strikes (avg 106.4%, max 179.7%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$47.50	Jul 24	Aug 21	131.8%	47.1%	179.7%	--	696
$54.00	Jul 24	Aug 21	120.3%	47.0%	156.1%	4	261
$55.00	Jul 24	Aug 28	114.7%	47.3%	142.3%	18	3.6K
$45.00	Jul 24	Aug 21	120.7%	50.0%	141.5%	--	193
$48.00	Jul 24	Aug 28	111.6%	47.0%	137.7%	101	794

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$47.50	Jul 24	Aug 21	131.8%	47.1%	179.7%	30	454
$45.00	Jul 24	Aug 28	120.7%	48.0%	151.3%	55	405
$46.00	Jul 24	Aug 21	114.9%	49.6%	131.5%	29	373
$43.00	Jul 24	Aug 21	110.8%	48.9%	126.5%	93	430
$50.00	Jul 24	Aug 28	110.4%	49.1%	124.8%	11	151

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 103 found (best R:R 9.00, avg 2.21)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$54.00	$55.00	Jul 24	$0.10	$0.90	$0.10	9.00	$54.10
$55.00	$56.00	Aug 7	$0.11	$0.89	$0.11	8.09	$55.11
$55.00	$56.00	Aug 21	$0.12	$0.88	$0.12	7.33	$55.12
$54.00	$55.00	Jul 31	$0.13	$0.87	$0.13	6.69	$54.13
$52.00	$53.00	Jul 31	$0.14	$0.86	$0.14	6.14	$52.14

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$41.00	$40.00	Aug 21	$0.14	$0.86	$0.14	6.14	$40.86
$42.00	$41.00	Aug 7	$0.15	$0.85	$0.15	5.67	$41.85
$42.50	$41.00	Aug 21	$0.24	$1.26	$0.24	5.25	$42.26
$43.50	$43.00	Jul 31	$0.11	$0.39	$0.11	3.55	$43.39
$43.00	$42.00	Aug 14	$0.22	$0.78	$0.22	3.55	$42.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 118 found (best R:R 7.70, avg 1.06)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$43.00	$45.00	Jul 24	$1.77	$1.77	$0.23	7.70	$44.77
$40.00	$42.50	Aug 21	$2.07	$2.07	$0.43	4.81	$42.07
$42.50	$44.50	Aug 21	$1.61	$1.61	$0.39	4.13	$44.11
$42.00	$44.50	Jul 31	$2.00	$2.00	$0.50	4.00	$44.00
$40.50	$41.00	Jul 24	$0.38	$0.38	$0.12	3.17	$40.88

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$51.00	$50.00	Jul 31	$0.74	$0.74	$0.26	2.85	$50.26
$48.00	$47.50	Aug 21	$0.37	$0.37	$0.13	2.85	$47.63
$55.00	$52.50	Aug 21	$1.82	$1.82	$0.68	2.68	$53.18
$52.50	$50.00	Aug 21	$1.78	$1.78	$0.72	2.47	$50.72
$49.50	$49.00	Jul 24	$0.35	$0.35	$0.15	2.33	$49.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 45 found (avg debit $0.35, cheapest $0.08)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$55.00	Jul 24	Jul 31	$0.14	114.7%	67.6%
$54.00	Jul 24	Jul 31	$0.17	120.3%	69.1%
$53.00	Jul 24	Jul 31	$0.19	112.4%	65.1%
$57.00	Aug 7	Aug 21	$0.20	56.8%	49.8%
$42.00	Jul 24	Jul 31	$0.22	112.4%	70.1%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$40.00	Jul 24	Jul 31	$0.08	116.5%	69.5%
$41.00	Jul 24	Jul 31	$0.11	109.6%	67.7%
$44.50	Jul 24	Jul 31	$0.12	126.4%	65.5%
$41.50	Jul 24	Jul 31	$0.16	123.0%	74.0%
$43.00	Jul 24	Jul 31	$0.18	110.8%	65.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 48 found (cheapest 6.74% of stock, avg 10.76%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$48.50	Jul 24	$1.26	$1.96	$3.22	$45.28	$51.72	6.74%
$47.00	Jul 24	$2.03	$1.20	$3.23	$43.77	$50.23	6.76%
$48.00	Jul 24	$1.53	$1.70	$3.23	$44.77	$51.23	6.76%
$46.50	Jul 24	$2.38	$0.93	$3.31	$43.19	$49.81	6.93%
$49.00	Jul 24	$1.11	$2.29	$3.40	$45.60	$52.40	7.12%
$47.50	Jul 24	$1.76	$1.74	$3.50	$44.00	$51.00	7.33%
$46.00	Jul 24	$2.64	$0.88	$3.52	$42.48	$49.52	7.37%
$49.50	Jul 24	$0.90	$2.64	$3.54	$45.96	$53.04	7.41%
$45.50	Jul 24	$2.98	$0.68	$3.66	$41.84	$49.16	7.66%
$50.00	Jul 24	$0.77	$2.98	$3.75	$46.25	$53.75	7.85%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 137 found (cheapest 2.49% of stock, avg 5.97%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$51.00	$45.50	Jul 24	$0.51	$0.68	$1.19	$44.31	$52.19
$51.00	$46.00	Jul 24	$0.51	$0.88	$1.39	$44.61	$52.39
$51.00	$46.50	Jul 24	$0.51	$0.93	$1.44	$45.06	$52.44
$50.00	$45.50	Jul 24	$0.77	$0.68	$1.45	$44.05	$51.45
$57.00	$42.00	Aug 28	$0.67	$0.85	$1.52	$40.48	$58.52
$49.50	$45.50	Jul 24	$0.90	$0.68	$1.58	$43.92	$51.08
$55.00	$42.00	Aug 28	$0.75	$0.85	$1.60	$40.40	$56.60
$50.00	$46.00	Jul 24	$0.77	$0.88	$1.65	$44.35	$51.65
$51.00	$45.00	Jul 31	$0.82	$0.85	$1.67	$43.33	$52.67
$50.00	$46.50	Jul 24	$0.77	$0.93	$1.70	$44.80	$51.70

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 207 found (best R:R 14.00, avg credit $0.65)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
42/42	46/47	Jul 31	$1.40	$0.10	14.00	$41.10	$46.90
47/48	50/51	Aug 14	$0.89	$0.11	8.09	$47.11	$50.89
45/46	48/49	Aug 14	$0.88	$0.12	7.33	$45.12	$48.88
40/41	42/44	Aug 21	$1.75	$0.25	7.00	$39.25	$44.25
48/49	51/52	Aug 14	$0.86	$0.14	6.14	$48.14	$51.86
48/49	52/53	Aug 14	$0.85	$0.15	5.67	$48.15	$52.85
41/42	42/44	Jul 31	$2.12	$0.38	5.58	$39.38	$44.12
50/51	54/55	Aug 14	$0.83	$0.17	4.88	$50.17	$54.83
46/47	48/49	Aug 14	$0.82	$0.18	4.56	$46.18	$48.82
45/46	49/50	Aug 14	$0.81	$0.19	4.26	$45.19	$49.81

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 53 found (best R:R 19.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$52.00	$53.00	$54.00	Jul 24	$0.05	$0.95	19.00
$50.00	$51.00	$52.00	Jul 31	$0.05	$0.95	19.00
$48.00	$49.00	$50.00	Aug 14	$0.07	$0.93	13.29
$50.00	$51.00	$52.00	Jul 24	$0.08	$0.92	11.50
$52.00	$53.00	$54.00	Jul 31	$0.08	$0.92	11.50

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$42.00	$43.00	$44.00	Aug 14	$0.05	$0.95	19.00
$47.00	$48.00	$49.00	Aug 14	$0.06	$0.94	15.67
$43.00	$44.00	$45.00	Aug 21	$0.08	$0.92	11.50
$39.00	$40.00	$41.00	Jul 31	$0.10	$0.90	9.00
$40.00	$41.00	$42.00	Aug 7	$0.11	$0.89	8.09

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 69 found (best net $-0.08, 66 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$53.00	$55.00	1:2	Aug 28	-$0.28	$1.72
$55.00	$57.00	1:2	Aug 28	-$0.59	$1.41
$54.00	$55.00	1:2	Jul 24	$0.00	$1.00
$54.00	$55.00	1:2	Jul 31	-$0.11	$0.89
$51.00	$52.00	1:2	Jul 24	-$0.15	$0.85

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$45.00	$42.00	1:2	Aug 28	-$0.08	$2.92
$42.50	$41.00	1:2	Aug 21	-$0.28	$1.22
$41.00	$40.00	1:2	Jul 31	-$0.06	$0.94
$42.00	$41.00	1:2	Aug 7	-$0.15	$0.85
$50.00	$48.00	1:2	Aug 7	-$1.19	$0.81

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 52 found (best yield 5.69%, avg 2.09%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$48.00	Aug 28	$2.72	0.53	0.5%	5.69%	6.18%	--	19
$48.00	Aug 21	$2.61	0.52	0.5%	5.46%	5.95%	1	6
$48.00	Aug 14	$2.36	0.52	0.5%	4.94%	5.42%	1	10
$49.00	Aug 21	$2.15	0.46	2.6%	4.50%	7.08%	--	51
$48.00	Aug 7	$1.96	0.51	0.5%	4.10%	4.58%	--	17
$49.00	Aug 14	$1.89	0.45	2.6%	3.96%	6.53%	--	25
$49.50	Aug 21	$1.87	0.44	3.6%	3.91%	7.54%	1	5
$48.00	Jul 31	$1.79	0.51	0.5%	3.75%	4.23%	13	135
$50.00	Aug 21	$1.78	0.41	4.7%	3.73%	8.39%	1	1.1K
$49.00	Aug 7	$1.67	0.45	2.6%	3.50%	6.07%	1	234

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 3,053

Total Puts 3,989

Put/Call Ratio 1.31

Net Difference -936

Prior's Put/Call Breakdown

Total Calls 4,100

Total Puts 1,930

Put/Call Ratio 0.47

Net Difference 2,170

Prior 7-Day Put/Call Summary

Total Calls 12,529

Total Puts 20,026

Average Put/Call Ratio 1.58

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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