Southwest Airlines Co. (LUV)
Southwest Airlines Max Pain By Strike
LUV trades at $31.59, pinned near the near-term max pain of $31 expiring Aug 22, 2025 (3 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($5-$35), indicating stable market expectations. Key magnetic zone at 33 where 5 expirations converge.
Southwest Airlines Max Pain By Expiry
Max pain for LUV shows stable levels around 28.93, reflecting balanced market expectations. The 104% spread signals divergent expectations across timeframes. Levels distributed around 31.59. Strong magnetic level at 33 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 22, 2025 | 31 | -0.59 (-1.88%) |
| Aug 29, 2025 | 31 | -0.59 (-1.88%) |
| Sep 5, 2025 | 31 | -0.59 (-1.88%) |
| Sep 12, 2025 | 31 | -0.59 (-1.88%) |
| Sep 19, 2025 | 32.5 | 0.91 (2.86%) |
| Sep 26, 2025 | 30 | -1.59 (-5.05%) |
| Oct 17, 2025 | 32.5 | 0.91 (2.86%) |
| Nov 21, 2025 | 30 | -1.59 (-5.05%) |
| Dec 19, 2025 | 32.5 | 0.91 (2.86%) |
| Jan 16, 2026 | 30 | -1.59 (-5.05%) |
| Mar 20, 2026 | 32.5 | 0.91 (2.86%) |
| Jun 18, 2026 | 35 | 3.41 (10.78%) |
| Sep 18, 2026 | 17.5 | -14.09 (-44.61%) |
| Dec 18, 2026 | 5 | -26.59 (-84.17%) |
| Jan 15, 2027 | 32.5 | 0.91 (2.86%) |