Financial giants have made a conspicuous bullish move on Southwest Airlines. Our analysis of options history for Southwest Airlines LUV revealed 8 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $332,406, and 4 were calls, valued at $145,433.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $20.0 and $37.5 for Southwest Airlines, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Southwest Airlines’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Southwest Airlines’s whale trades within a strike price range from $20.0 to $37.5 in the last 30 days.
Southwest Airlines Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LUV | PUT | TRADE | BEARISH | 10/18/24 | $1.72 | $1.62 | $1.72 | $32.50 | $154.8K | 1.2K | 900 |
| LUV | PUT | TRADE | BEARISH | 01/17/25 | $2.96 | $2.93 | $2.96 | $32.50 | $79.3K | 5.2K | 527 |
| LUV | PUT | SWEEP | BEARISH | 01/17/25 | $3.0 | $2.96 | $2.96 | $32.50 | $68.4K | 5.2K | 27 |
| LUV | CALL | TRADE | BULLISH | 01/16/26 | $12.1 | $11.95 | $12.07 | $20.00 | $59.1K | 680 | 51 |
| LUV | CALL | TRADE | BULLISH | 01/17/25 | $3.0 | $2.89 | $3.0 | $30.00 | $30.0K | 15.7K | 103 |
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. In 2025, Southwest will modify its cabins to offer some seats with extra legroom and will update its ticketing process to offer assigned seats.
In light of the recent options history for Southwest Airlines, it’s now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Southwest Airlines
- With a trading volume of 2,579,678, the price of LUV is up by 1.36%, reaching $30.91.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 8 days from now.
What The Experts Say On Southwest Airlines
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $28.9.
Unusual Options Activity Detected: Smart Money on the Move
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* Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Southwest Airlines, targeting a price of $32.
* Consistent in their evaluation, an analyst from Jefferies keeps a Underperform rating on Southwest Airlines with a target price of $24.
* An analyst from Citigroup has decided to maintain their Neutral rating on Southwest Airlines, which currently sits at a price target of $31.
* Maintaining their stance, an analyst from TD Cowen continues to hold a Hold rating for Southwest Airlines, targeting a price of $25.
* An analyst from Jefferies has elevated its stance to Hold, setting a new price target at $32.
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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