Southwest Airlines Co. (LUV) Options Analysis - Options Chain, Volume & Implied Volatility - Stocknear

Southwest Airlines Co.

NYSE: LUV · Real-Time Price · USD
32.52
0.21 (0.65%)
At close: Oct 03, 2025, 3:59 PM
32.60
0.25%
After-hours: Oct 03, 2025, 07:46 PM EDT

LUV Option Overview

Overview for all option chains of LUV. As of October 05, 2025, LUV options have an IV of 53.76% and an IV rank of 54.62%. The volume is 36,304 contracts, which is 246.13% of average daily volume of 14,750 contracts. The volume put-call ratio is 3.02, indicating a bearish sentiment in the market.

Implied Volatility

Implied Volatility (30d)
53.76%
IV Rank
54.62%
Historical Volatility
30.4%
IV Low
33.86% on Feb 11, 2025
IV High
70.29% on Oct 02, 2025

Open Interest (OI)

Today's Open Interest
373,597
Put-Call Ratio
1.23
Put Open Interest
206,411
Call Open Interest
167,186
Open Interest Avg (30-day)
281,410
Today vs Open Interest Avg (30-day)
132.76%

Option Volume

Today's Volume
36,304
Put-Call Ratio
3.02
Put Volume
27,284
Call Volume
9,020
Volume Avg (30-day)
14,750
Today vs Volume Avg (30-day)
246.13%

Option Chain Statistics

This table provides a comprehensive overview of all LUV options grouped by their expiration dates.

Expiration Call Vol Put Vol P/C Vol Call OI Put OI P/C OI Implied Volatility Max Pain
Oct 10, 2025 2,797 15,788 5.64 7,022 29,098 4.14 111.3% 31
Oct 17, 2025 2,346 6,824 2.91 47,153 44,080 0.93 48.34% 32.5
Oct 24, 2025 427 522 1.22 1,628 2,081 1.28 54.89% 32
Oct 31, 2025 57 2,736 48 1,134 19,829 17.49 52.63% 32
Nov 07, 2025 34 8 0.24 154 291 1.89 48.56% 33
Nov 14, 2025 23 32 1.39 0 12 0 46.66% 32
Nov 21, 2025 1,171 646 0.55 18,638 22,532 1.21 48.7% 35
Dec 19, 2025 566 364 0.64 16,223 16,304 1 46.3% 32.5
Jan 16, 2026 1,188 174 0.15 50,865 44,138 0.87 42.88% 32.5
Mar 20, 2026 129 47 0.36 7,891 4,874 0.62 41.37% 32.5
Jun 18, 2026 113 1 0.01 5,191 9,351 1.8 39.8% 35
Sep 18, 2026 4 4 1 1,097 1,652 1.51 38.77% 30
Dec 18, 2026 0 0 0 12 0 0 n/a 5
Jan 15, 2027 120 137 1.14 9,340 12,107 1.3 38.17% 32.5
Jan 21, 2028 45 1 0.02 838 62 0.07 36.6% 25