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Southwest Airlines’s Options Frenzy: What You Need to Know

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Financial giants have made a conspicuous bullish move on Southwest Airlines. Our analysis of options history for Southwest Airlines (NYSE:LUV) revealed 8 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $102,700, and 6 were calls, valued at $166,822.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $22.5 to $32.5 for Southwest Airlines over the last 3 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 $22.5 to $32.5, over the past month.

Southwest Airlines Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
LUV PUT TRADE BEARISH 01/17/25 $1.1 $1.09 $1.1 $22.50 $55.0K 11.4K 500
LUV PUT TRADE BULLISH 09/20/24 $0.56 $0.52 $0.53 $22.50 $47.7K 2.1K 908
LUV CALL SWEEP BULLISH 09/20/24 $0.84 $0.82 $0.84 $32.50 $34.6K 1.4K 3.9K
LUV CALL SWEEP BULLISH 09/20/24 $0.85 $0.83 $0.85 $32.50 $28.2K 1.4K 1.9K
LUV CALL SWEEP BEARISH 01/16/26 $3.85 $3.75 $3.75 $32.50 $26.6K 863 71

About Southwest Airlines

Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates over 800 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 operated in a single, open-seating cabin configuration in a point-to-point network.

After a thorough review of the options trading surrounding Southwest Airlines, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Southwest Airlines

With a volume of 4,440,520, the price of LUV…

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