Alaska Air Group, Inc. (ALK) Volume & Open Interest
Volume and open interest by strike show where trading activity and outstanding positions are concentrated. Clusters of OI often act as support and resistance levels.
Alaska Air Group, Inc. (ALK) operates in the Industrials sector, specifically the Airlines, Airports & Air Services industry, with a market capitalization near $5.13B, listed on NYSE, employing roughly 29,773 people, carrying a beta of 1.25 to the broader market. Alaska Air Group, Inc. Led by Benito Minicucci, public since 1980-03-17.
Snapshot as of Jun 1, 2026.
- Spot Price
- $44.61
- Total Volume
- 6.0K
- Total OI
- 133.9K
- Call OI
- 95.7K
- Put OI
- 38.2K
- Gamma Concentration
- 0.23
As of Jun 1, 2026, Alaska Air Group, Inc. (ALK) has 6.0K contracts traded today against 133.9K contracts outstanding. Open interest breaks down as 95.7K calls and 38.2K puts. Turnover ratio is 0.04: typical maintenance flow relative to existing positions. Gamma concentration is 0.23: open interest is more distributed across strikes. Comparing today's volume to accumulated open interest reveals whether flow is opening new positions or closing existing ones, with heavy OI strikes often acting as support and resistance.
How ALK volume & open interest Data Feeds Strategy Selection
Strategy selection on Alaska Air Group, Inc. options does not derive from any single metric in isolation. The volume & open interest view above sits inside a broader read: ATM IV currently sits at 73.5% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the volume & open interest data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the ALK volume and OI data
The two-panel chart above splits Alaska Air Group, Inc. contract activity into volume (daily flow) and open interest (cumulative inventory) per strike. The per-strike grid table beneath gives the precise numbers for the densest 30 strikes. Current put/call ratio is 0.26, call-heavy - speculative or bullish positioning dominates. Total call OI of 95.7K versus put OI of 38.2K gives a put/call OI ratio of 0.40 - structurally a slower-moving signal than the volume-based ratio.
ALK flow vs positioning
Volume tells you what flows happened today; OI tells you what positions accumulated. Both can move in opposite directions: rising volume with falling OI means contracts are being closed (covering); rising volume with rising OI means new positions are being opened. The combination matters more than either alone for reading sentiment. The per-strike grid distinguishes the strikes attracting flow today from the strikes carrying accumulated inventory - high volume at strikes that also carry high OI typically means rolling activity (closing front-month, opening longer-dated), high volume at low-OI strikes typically means fresh directional positioning. Combined with the current positive dealer-gamma regime, large OI clusters tend to act as price magnets through expiration cycles.
Using ALK OI/volume data alongside other surfaces
Per-strike OI is the input to dealer-gamma calculations: strikes with elevated call OI generate gamma walls that dealers must hedge into as spot approaches them. The gamma-exposure page combines this distribution with the dealers' assumed-long-gamma assumption to project hedge flow. Volume cross-checks recent positioning shifts in the chain that haven't yet shown up in cumulative OI. Pair both with the term-structure view on the volatility page to determine whether the activity is concentrated in near-dated event hedging or longer-dated structural positioning. Front-month expiration for ALK sits at 17 days, so near-dated volume currently dominates the flow reading.
Learn how volume and open interest is reported and how to read the data →
ALK highest open-interest contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $50.00 | Jun 18, 2026 | 275 | 12.5K | 74.7% | $0.95 | $1.25 |
Top 1 contracts from the institutional-grade nightly options scan; ranked by oi within the broader S&P 500/400/600 + ETF universe.
Frequently asked ALK volume & open interest questions
- What is the ALK options turnover ratio?
- As of Jun 1, 2026, ALK turnover ratio is 0.04 (6.0K contracts traded against 133.9K contracts outstanding). A turnover ratio below 0.5 is typical maintenance flow against existing positions.
- Where is ALK open interest concentrated?
- Gamma concentration is 0.23: open interest is more distributed across strikes, reducing any single-strike pinning force. The full per-strike open-interest distribution is visible in the chain view.
- Why does volume-open-interest matter for ALK options?
- Volume tells you what is being traded today; open interest tells you what was already there. The combination separates opening flow (today's volume building new positions) from closing flow (today's volume unwinding existing ones), and locates the strikes that carry hedging-driven support or resistance based on dealer-gamma concentration.