Whales with a lot of money to spend have taken a noticeably bullish stance on Southwest Airlines.
Looking at options history for Southwest Airlines (NYSE:LUV) we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 69% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $383,828 and 3, calls, for a total amount of $139,825.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $35.0 for Southwest Airlines over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Southwest Airlines's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Southwest Airlines's significant trades, within a strike price range of $25.0 to $35.0, over the past month.
Southwest Airlines Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LUV | CALL | SWEEP | BULLISH | 01/16/26 | $6.95 | $6.7 | $6.78 | $27.50 | $67.6K | 1.1K | 103 |
| LUV | PUT | SWEEP | BEARISH | 09/20/24 | $1.71 | $1.69 | $1.71 | $27.50 | $54.9K | 2.3K | 1 |
| LUV | PUT | TRADE | BULLISH | 01/16/26 | $5.05 | $4.95 | $4.96 | $30.00 | $49.6K | 1.9K | 300 |
| LUV | PUT | TRADE | BULLISH | 01/16/26 | $5.0 | $4.85 | $4.89 | $30.00 | $48.8K | 1.9K | 100 |
| LUV | CALL | SWEEP | BEARISH | 09/20/24 | $5.65 | $5.55 | $5.55 | $25.00 | $46.0K | 552 | 84 |
About Southwest Airlines
Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates over 700 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights, using a point-to-point network. Southwest operates a low-cost carrier business model.
Having examined the options trading patterns of Southwest Airlines, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Southwest Airlines Standing Right Now?
- Trading volume stands at 3,770,218, with LUV's price up by 1.2%, positioned at $29.41.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 6 days.
Expert Opinions on Southwest Airlines
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $31.666666666666668.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Southwest Airlines, targeting a price of $38.
- Maintaining their stance, an analyst from Susquehanna continues to hold a Neutral rating for Southwest Airlines, targeting a price of $27.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Southwest Airlines with a target price of $30.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Southwest Airlines, Benzinga Pro gives you real-time options trades alerts.
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