Notable Call Options Activity in Southwest Airlines

Shares of Southwest Airlines LUV are higher on the session by 0.23%, currently trading at $8.62. The stock has been moving largely higher over the past five weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the January 2012 $7.50 call, which has traded 1,100 times on open interest of 1,061 contracts. Calls are outpacing puts today. Southwest Airlines Co. is a passenger airline that provides scheduled air transportation in the United States. As of December 31, 2010, the company had 548 Boeing 737 aircraft serving 69 cities in 35 states throughout the United States.