Notable Call Options Activity in Southwest Airlines

Shares of Southwest Airlines (NYSE: LUV) are lower on the session by 2.12%, currently trading at $9.23. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average.

Options traders are focusing on calls today. The strike seeing the heaviest volume is the January 2013 $12.50 call, which has traded 3,400 times on open interest of 5,348 contracts.

Calls are outpacing puts today by 49 to 1.

Southwest Airlines Co. operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States. As of December 31, 2011, the company was serving 72 cities in 37 states throughout the United States.