Southwest Airlines Co. (LUV)
NYSE: LUV
· Real-Time Price · USD
31.18
-0.41 (-1.30%)
At close: Aug 20, 2025, 3:59 PM
31.37
0.61%
After-hours: Aug 20, 2025, 07:55 PM EDT
LUV Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for LUV across all expirations is 54,655.77 shares per 1% move, with 316,497 from calls and 261,841.23 from puts. The put-call GEX ratio of 0.83 reflects balanced positioning between puts and calls. The highest gamma concentration is at the Sep 19, 25 expiration with -39,076.22 net GEX, which may act as a pivot point for price action. Near-term exposure for Aug 22, 25 suggests potential support from positive gamma hedging flows.
LUV GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Aug 22, 25 | 45,954.12 | -14,005.63 | 31,948.49 | 0.30 |
| Aug 29, 25 | 22,882.33 | -5,294.64 | 17,587.69 | 0.23 |
| Sep 5, 25 | 7,804.17 | -3,973.69 | 3,830.48 | 0.51 |
| Sep 12, 25 | 18,520.85 | -3,609.31 | 14,911.54 | 0.19 |
| Sep 19, 25 | 86,678.75 | -125,754.97 | -39,076.22 | 1.45 |
| Sep 26, 25 | 539.1 | -2,168.67 | -1,629.57 | 4.02 |
| Oct 17, 25 | 20,355.63 | -18,154.58 | 2,201.05 | 0.89 |
| Nov 21, 25 | 19,072.09 | -11,878.33 | 7,193.76 | 0.62 |
| Dec 19, 25 | 9,891.41 | -17,288.95 | -7,397.54 | 1.75 |
| Jan 16, 26 | 66,881.11 | -40,567.53 | 26,313.58 | 0.61 |
| Mar 20, 26 | 5,674.83 | -3,945.17 | 1,729.66 | 0.70 |
| Jun 18, 26 | 4,363.63 | -6,760.47 | -2,396.84 | 1.55 |
| Sep 18, 26 | 0 | 0 | 0 | n/a |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 7,878.98 | -8,439.29 | -560.31 | 1.07 |