Tour v394
SO
SOUTHERN CO
$96.60 +0.84%
$96.80 (+0.21%)🌙
as of 07/23 07:07 PM
(7/22 20:53) ◀
|
Thursday, July 23, 2026 (7:08pm)
January 2026
|
▶ (7/24 03:48)
◀ 7/23 19:08 ▶

Option Volume

Detail
ℹ
Current (07/23) 2,162
Calls: 1,347 (62%)
Puts: 815 (38%)
Prior (07/22) 13,786
Calls: 11,833 (86%)
Puts: 1,953 (14%)
Current vs Prior -84.32%
Calls: -88.62% (Calls)
Puts: -58.27% (Puts)
Prior 7-Day Total 43,690
Calls: 35,252 (81%)
Puts: 8,438 (19%)
Prior 7-Day Average 6,241
Calls: 5,036 (81%)
Puts: 1,205 (19%)
Current vs Prior 7-Day Avg -65.36%
Calls: -73.25%
Puts: -32.39%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/23) $458.7K
Calls: $244.4K (53%)
Puts: $214.3K (47%)
Prior (07/22) $1.85M
Calls: $1.63M (88%)
Puts: $216.8K (12%)
Current vs Prior -75.18%
Calls: -85.02%
Puts: -1.15%
Prior 7-Day Total $5.77M
Calls: $4.41M (76%)
Puts: $1.36M (24%)
Prior 7-Day Average $824.5K
Calls: $630.2K (76%)
Puts: $194.4K (24%)
Current vs Prior 7-Day Avg -44.37%
Calls: -61.22%
Puts: +10.27%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 0.60
Prior (07/22) 0.17
Current vs Prior +266.59%
Prior 7-Day Average 0.45
Current vs Prior 7-Day Avg +35.04%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/23) 43,877
Calls: 30,120 (69%)
Puts: 13,757 (31%)
Prior (07/22) 56,414
Calls: 43,651 (77%)
Puts: 12,763 (23%)
Current vs Prior -22.22%
Prior 7-Day Total 307,635
Calls: 224,404 (73%)
Puts: 83,231 (27%)
Prior 7-Day Average 43,947
Calls: 32,057 (73%)
Puts: 11,890 (27%)
Current vs Prior 7-Day Avg -0.16%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 2.02% | 3.89%5.57% | 8.02%
Prior 2.09% | 3.89%5.65% | 8.66%
Current vs Prior -3.31% | -0.03%-1.38% | -7.40%
Prior 7-Day Avg 2.36% | 3.80%3.58% | 7.55%
Current vs 7-Day Avg -14.53% | +2.49%+55.42% | +6.32%
Prior 7-Day Eod 2.09% | 3.89%5.65% | 8.66%
Current vs 7-Day Eod -3.31% | -0.03%-1.38% | -7.40%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 87.28% | 27.31%
Calls: 54.55% | 25.00%
Puts: 120.00% | 29.63%
Prior 87.28% | 27.31%
Calls: 54.55% | 25.00%
Puts: 120.00% | 29.63%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 87.28% | 27.31%
Calls: 54.55% | 25.00%
Puts: 120.00% | 29.63%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Light premium activity with dollar volume down 75% vs prior. Below-average activity with volume down 84% vs prior. Bullish P/C ratio of 0.60. P/C ratio rising 267% - 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 4 of results (avg 9.6%, best 9.3%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$96.00Aug 72.052.25$2.159.3%190.546
$96.00Aug 212.402.65$2.539.9%160.5223
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$97.50Aug 213.003.30$3.159.5%100.58440
$96.00Aug 71.451.60$1.539.8%90.469

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

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 22 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$93.00Jul 243.104.20$3.6530.1%31.00--
$94.00Jul 242.152.80$2.4726.3%341.00922
$91.00Jul 243.705.90$4.8045.8%10.98--
$95.00Jul 241.201.90$1.5545.2%280.901.3K
$91.00Jul 314.406.30$5.3535.5%20.89--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$97.50Aug 213.003.30$3.159.5%100.58440
$97.00Aug 212.703.00$2.8510.5%90.551

Most actively traded options today. High liquidity = easy entry/exit. 68 active (total vol 1.4K, top 531)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$97.50Aug 211.651.90$1.7814.0%5310.422.1K
$99.00Jul 240.000.55$0.28196.4%1210.181.5K
$100.00Jul 240.000.05$0.03166.7%540.03192
$100.00Aug 210.851.05$0.9521.1%540.272.3K
$100.00Jul 310.100.95$0.53160.4%450.2190
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Aug 210.100.70$0.40150.0%1010.09526
$95.00Aug 211.752.00$1.8813.3%420.42943
$90.00Aug 210.550.75$0.6530.8%210.173.3K
$94.00Jul 240.050.15$0.10100.0%140.11345
$95.00Jul 240.050.40$0.23152.2%140.23138

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 17 strikes (avg 93.9%, max 270.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$105.00Jul 24Aug 2181.4%22.0%270.2%12--
$99.00Jul 24Aug 2159.6%22.6%163.1%1231.5K
$91.00Jul 24Jul 3181.7%36.2%126.1%3--
$101.00Jul 24Aug 2149.6%23.6%110.1%13--
$100.00Jul 24Aug 2140.9%22.4%82.8%1082.5K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$90.00Jul 24Aug 2166.4%25.1%165.1%233.4K
$92.00Jul 24Aug 2147.6%22.7%109.6%7477
$95.00Jul 24Aug 2835.4%19.3%83.6%24138
$94.00Jul 24Aug 2138.9%22.2%75.3%17385
$89.00Jul 31Aug 2150.7%32.1%58.0%2--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 34 found (best R:R 24.00, avg 3.25)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$100.00$101.00Aug 21$0.12$0.88$0.127.33$100.12
$101.00$105.00Aug 21$0.63$3.37$0.635.35$101.63
$97.00$98.00Jul 24$0.18$0.82$0.184.56$97.18
$99.00$100.00Aug 7$0.22$0.78$0.223.55$99.22
$99.00$100.00Jul 24$0.25$0.75$0.253.00$99.25
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$85.00$77.50Aug 21$0.30$7.20$0.3024.00$84.70
$92.00$91.00Jul 31$0.12$0.88$0.127.33$91.88
$95.00$94.00Jul 24$0.13$0.87$0.136.69$94.87
$92.00$90.00Aug 21$0.28$1.72$0.286.14$91.72
$93.00$92.00Aug 7$0.17$0.83$0.174.88$92.83

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 39 found (best R:R 6.14, avg 1.11)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$84.00$89.00Jul 24$4.30$4.30$0.706.14$88.30
$95.00$96.00Aug 7$0.85$0.85$0.155.67$95.85
$91.00$92.00Jul 31$0.75$0.75$0.253.00$91.75
$95.00$96.00Jul 31$0.75$0.75$0.253.00$95.75
$94.00$95.00Aug 21$0.75$0.75$0.253.00$94.75
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$97.50$97.00Aug 21$0.30$0.30$0.201.50$97.20
$97.00$96.00Aug 21$0.55$0.55$0.451.22$96.45
$92.50$92.00Aug 21$0.24$0.24$0.260.92$92.26
$96.00$95.00Aug 21$0.42$0.42$0.580.72$95.58
$96.00$95.00Aug 7$0.38$0.38$0.620.61$95.62

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $0.67, cheapest $0.15)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$99.00Jul 24Jul 31$0.1559.6%24.2%
$105.00Jul 24Aug 21$0.1781.4%22.0%
$100.00Jul 24Jul 31$0.5040.9%31.5%
$91.00Jul 24Jul 31$0.5581.7%36.2%
$98.00Jul 24Jul 31$0.8035.9%29.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$90.00Jul 24Jul 31$0.2766.4%38.3%
$89.00Jul 31Aug 21$0.4250.7%32.1%
$94.00Jul 24Jul 31$0.4338.9%24.4%
$92.00Jul 24Jul 31$0.4747.6%34.8%
$95.00Jul 24Aug 7$0.9235.4%22.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 12 found (cheapest 1.43% of stock, avg 4.32%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$96.00Jul 24$0.90$0.48$1.38$94.62$97.381.43%
$95.00Jul 24$1.55$0.23$1.78$93.22$96.781.84%
$94.00Jul 24$2.47$0.10$2.57$91.43$96.572.66%
$96.00Aug 7$2.15$1.53$3.68$92.32$99.683.81%
$95.00Aug 7$3.00$1.15$4.15$90.85$99.154.30%
$96.00Aug 21$2.53$2.30$4.83$91.17$100.835.00%
$97.50Aug 21$1.78$3.15$4.93$92.57$102.435.10%
$95.00Aug 21$3.10$1.88$4.98$90.02$99.985.16%
$92.00Jul 31$4.60$0.50$5.10$86.90$97.105.28%
$94.00Aug 21$3.85$1.53$5.38$88.62$99.385.57%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 66 found (cheapest 0.26% of stock, avg 1.93%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$98.00$94.00Jul 24$0.15$0.10$0.25$93.75$98.25
$99.00$94.00Jul 24$0.28$0.10$0.38$93.62$99.38
$98.00$95.00Jul 24$0.15$0.23$0.38$94.62$98.38
$97.00$94.00Jul 24$0.33$0.10$0.43$93.57$97.43
$99.00$95.00Jul 24$0.28$0.23$0.51$94.49$99.51
$97.00$95.00Jul 24$0.33$0.23$0.56$94.44$97.56
$98.00$96.00Jul 24$0.15$0.48$0.63$95.37$98.63
$99.00$90.00Jul 31$0.43$0.30$0.73$89.27$99.73
$99.00$96.00Jul 24$0.28$0.48$0.76$95.24$99.76
$97.00$96.00Jul 24$0.33$0.48$0.81$95.19$97.81

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 74 found (best R:R 7.33, avg credit $0.75)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
88/8994/95Aug 21$1.32$0.187.33$87.68$95.32
88/8996/98Aug 21$1.32$0.187.33$87.68$97.32
91/9295/96Jul 31$0.87$0.136.69$91.13$95.87
96/9799/100Aug 21$0.85$0.155.67$96.15$99.85
92/9295/96Aug 21$0.81$0.194.26$91.69$95.81
95/9698/99Aug 21$0.77$0.233.35$95.23$98.77
88/8995/96Aug 21$1.14$0.363.17$87.86$96.14
92/9496/98Aug 21$1.11$0.392.85$92.89$97.11
94/9596/98Aug 21$1.10$0.402.75$93.90$97.10
96/9798/98Aug 21$0.73$0.272.70$96.27$98.23

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 19 found (best R:R 27.57, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$95.00$96.00$97.00Jul 24$0.08$0.9211.50
$98.00$99.00$100.00Aug 7$0.11$0.898.09
$95.00$96.00$97.00Jul 31$0.17$0.834.88
$94.00$95.00$96.00Aug 21$0.18$0.824.56
$99.00$100.00$101.00Aug 21$0.18$0.824.56
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$90.00$92.00$94.00Jul 24$0.07$1.9327.57
$94.00$95.00$96.00Aug 21$0.07$0.9313.29
$94.00$95.00$96.00Jul 24$0.12$0.887.33
$85.00$86.00$87.00Aug 21$0.13$0.876.69
$95.00$96.00$97.00Aug 21$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. 36 found (best net $-0.03, 29 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$101.00$105.001:2Jul 24-$0.03$3.97
$96.00$98.001:2Aug 7-$0.21$1.79
$84.00$89.001:2Jul 24-$3.25$1.75
$95.00$96.001:2Jul 24-$0.25$0.75
$98.00$99.001:2Jul 24-$0.41$0.59
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$92.00$90.001:2Jul 24-$0.03$1.97
$92.00$90.001:2Aug 21-$0.37$1.63
$95.00$93.001:2Aug 7-$0.39$1.61
$94.00$92.001:2Jul 31-$0.47$1.53
$91.00$90.001:2Jul 31-$0.22$0.78

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 13 found (best yield 1.71%, avg 0.82%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$97.50Aug 21$1.650.420.9%1.71%2.64%5312.1K
$98.00Aug 21$1.500.391.4%1.55%3.00%728
$99.00Aug 21$1.100.322.5%1.14%3.62%2--
$97.00Jul 31$1.050.440.4%1.09%1.50%161.4K
$98.00Aug 7$1.050.371.4%1.09%2.54%1130
$100.00Aug 21$0.850.273.5%0.88%4.40%542.3K
$99.00Aug 7$0.750.292.5%0.78%3.26%216
$98.00Jul 31$0.700.351.4%0.72%2.17%15669
$101.00Aug 21$0.650.234.5%0.67%5.23%11--
$100.00Aug 7$0.500.233.5%0.52%4.04%1--

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 1,347
Total Puts 815
Put/Call Ratio 0.60
Net Difference 532

Prior's Put/Call Breakdown

Total Calls 11,833
Total Puts 1,953
Put/Call Ratio 0.17
Net Difference 9,880

Prior 7-Day Put/Call Summary

Total Calls 35,252
Total Puts 8,438
Average Put/Call Ratio 0.45
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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