Southwest Airlines Unusual Options Activity

Financial giants have made a conspicuous bearish move on Southwest Airlines. Our analysis of options history for Southwest Airlines LUV revealed 9 unusual trades.

Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $174,661, and 6 were calls, valued at $421,368.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $22.5 and $30.0 for Southwest Airlines, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Southwest Airlines stands at 5658.33, with a total volume reaching 7,056.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Southwest Airlines, situated within the strike price corridor from $22.5 to $30.0, throughout the last 30 days.

Southwest Airlines Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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 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.

Where Is Southwest Airlines Standing Right Now?

• Trading volume stands at 4,322,063, with LUV's price up by 2.08%, positioned at $26.2.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 84 days.

Professional Analyst Ratings for Southwest Airlines

5 market experts have recently issued ratings for this stock, with a consensus target price of $29.8.

• Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Southwest Airlines with a target price of $26.
• Consistent in their evaluation, an analyst from Susquehanna keeps a Neutral rating on Southwest Airlines with a target price of $25.
• Reflecting concerns, an analyst from Raymond James lowers its rating to Outperform with a new price target of $30.
• An analyst from Morgan Stanley has decided to maintain their Overweight rating on Southwest Airlines, which currently sits at a price target of $38.
• Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Southwest Airlines, targeting a 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.