Southwest Airlines Co. (LUV)
NYSE: LUV
· Real-Time Price · USD
32.52
0.21 (0.65%)
At close: Oct 03, 2025, 3:59 PM
32.76
0.74%
Pre-market: Oct 06, 2025, 06:55 AM EDT
LUV Delta Exposure By Expiry
The total Delta Exposure (DEX) for LUV across all expirations shows -44,022.93 net shares that market makers must hedge, with 2,137,794.07 from calls and 2,181,817 from puts. The put-call delta ratio of 1.02 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached.
LUV DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Oct 10, 25 | 92,975.77 | -123,553.66 | -30,577.89 | 1.33 |
| Oct 17, 25 | 553,993.03 | -524,629.07 | 29,363.96 | 0.95 |
| Oct 24, 25 | 18,769.32 | -16,662.23 | 2,107.09 | 0.89 |
| Oct 31, 25 | 12,901.16 | -223,022.38 | -210,121.22 | 17.29 |
| Nov 7, 25 | 1,167.98 | -2,871.02 | -1,703.04 | 2.46 |
| Nov 14, 25 | 0 | -109.25 | -109.25 | n/a |
| Nov 21, 25 | 208,564.4 | -366,071.35 | -157,506.95 | 1.76 |
| Dec 19, 25 | 187,613.07 | -191,839.44 | -4,226.37 | 1.02 |
| Jan 16, 26 | 693,648.65 | -443,500.3 | 250,148.35 | 0.64 |
| Mar 20, 26 | 109,112.26 | -60,166.42 | 48,945.84 | 0.55 |
| Jun 18, 26 | 74,115.55 | -92,092.29 | -17,976.74 | 1.24 |
| Sep 18, 26 | 22,996.17 | -16,406.82 | 6,589.35 | 0.71 |
| Dec 18, 26 | 334.56 | 0 | 334.56 | 0.00 |
| Jan 15, 27 | 146,815.61 | -120,237.72 | 26,577.89 | 0.82 |
| Jan 21, 28 | 14,786.54 | -655.05 | 14,131.49 | 0.04 |