Deep-pocketed investors have adopted a bearish approach towards Southwest Airlines LUV, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LUV usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Southwest Airlines. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 56% bearish. Among these notable options, 10 are puts, totaling $521,147, and 6 are calls, amounting to $946,129.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $22.5 to $32.5 for Southwest Airlines over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Southwest Airlines options trades today is 4721.22 with a total volume of 10,321.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Southwest Airlines's big money trades within a strike price range of $22.5 to $32.5 over the last 30 days.
Southwest Airlines Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LUV | CALL | TRADE | NEUTRAL | 01/19/24 | $25.00 | $400.0K | 6.6K | 5.3K |
| LUV | CALL | SWEEP | BULLISH | 01/16/26 | $25.00 | $294.0K | 1.5K | 0 |
| LUV | PUT | SWEEP | BEARISH | 01/17/25 | $25.00 | $112.3K | 3.7K | 470 |
| LUV | PUT | SWEEP | BEARISH | 03/15/24 | $32.50 | $91.4K | 1.4K | 0 |
| LUV | CALL | SWEEP | BEARISH | 01/19/24 | $25.00 | $91.0K | 6.6K | 1.2K |
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?
- Currently trading with a volume of 4,239,409, the LUV's price is up by 4.57%, now at $24.14.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 72 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Southwest Airlines with Benzinga Pro for real-time alerts.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
