Financial giants have made a conspicuous bullish move on Southwest Airlines. Our analysis of options history for Southwest Airlines LUV revealed 16 unusual trades.
Delving into the details, we found 56% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $283,381, and 7 were calls, valued at $257,777.
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 $25.0 and $35.0 for Southwest Airlines, spanning the last three months.
Volume & Open Interest Development
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 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LUV | PUT | SWEEP | BEARISH | 09/20/24 | $6.7 | $6.65 | $6.7 | $35.00 | $53.6K | 880 | 0 |
| LUV | CALL | SWEEP | BEARISH | 08/16/24 | $2.59 | $2.54 | $2.54 | $27.50 | $44.9K | 304 | 5 |
| LUV | CALL | TRADE | BULLISH | 01/16/26 | $4.7 | $4.5 | $4.65 | $30.00 | $43.2K | 1.9K | 58 |
| LUV | CALL | SWEEP | BEARISH | 01/16/26 | $6.95 | $6.8 | $6.81 | $25.00 | $35.5K | 2.4K | 614 |
| LUV | CALL | SWEEP | BEARISH | 01/16/26 | $6.95 | $6.8 | $6.81 | $25.00 | $35.4K | 2.4K | 706 |
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.
Current Position of Southwest Airlines
- With a volume of 9,374,240, the price of LUV is down -5.34% at $28.11.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 44 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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