Southwest Airlines Company (LUV) Options

28.55 ↑3.80 (15.35%)

As of December 31, 1969, 7:00pm EST.

LUV Max Pain

The max pain for LUV on April 11th, 2025 is $27.

Southwest Airlines Company is currently $28.55 which is 5.74% higher than its max pain. According to the max pain theory, Southwest Airlines Company will likely gravitate lower closer to $27 by April 11th.

Outlook: Negative

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LUV Max Pain Distribution Chart

Option Chain

The option chain for Southwest Airlines Company on April 11th.

Calls

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
17	8.6	-10.33%	10.45	11.9	1	0	522.01	0.9375	0.0111	-0.3386	0.0026	11.9
17.5	7.05	-14.01%	10.8	11.55	0	62	393.99	0.9659	0.0091	-0.1574	0.0016	11.18
18	0	N/A	9.9	11.4	0	0	358.55	0.9692	0.0091	-0.1315	0.0015	10.65
18.5	7.4	-9.28%	9.35	10.8	0	1	270.29	0.9882	0.0053	-0.0437	0.0006	10.08
19	0	N/A	8.85	10.05	0	0	476.28	0.9084	0.0163	-0.4138	0.0035	10.05
19.5	0	N/A	8.75	9.45	0	0	268.52	0.9781	0.0092	-0.0743	0.0011	9.1
20	6	-8.93%	8.3	8.9	1	5	252.94	0.9769	0.0102	-0.0733	0.0012	8.6
20.5	0	N/A	7.45	8.9	0	0	283.73	0.9537	0.0161	-0.1456	0.002	8.18
21	5.4	-7.53%	7.05	8.4	0	11	287.95	0.9391	0.0198	-0.1836	0.0025	7.73
21.5	0	N/A	6.35	8.1	0	0	270.18	0.9354	0.022	-0.1802	0.0027	7.23
22	4.26	-8.02%	5.95	7.25	0	21	193.53	0.9706	0.0163	-0.0688	0.0014	6.6
22.5	3.25	-9.81%	5.7	6.8	0	51	243.68	0.9208	0.0286	-0.1904	0.0031	6.25
23	3.1	-8.58%	5	6.4	0	29	209.94	0.929	0.0305	-0.151	0.0029	5.7
23.5	0	N/A	3.85	6.65	0	0	208.92	0.9092	0.037	-0.1809	0.0035	5.25
24	1.8	-9.63%	2.83	6.3	0	26	110.77	0.9844	0.0165	-0.0236	0.0008	4.57
24.5	1.13	-10.23%	2.34	5.05	45	29	323.6	0.776	0.0437	-0.5118	0.0063	5.05
25	2.96	-2.07%	2.12	4.45	648	647	284.32	0.7692	0.0506	-0.4574	0.0064	4.45
25.5	3.1	0.18%	2.32	3.8	1379	20	97.04	0.9462	0.0532	-0.0569	0.0023	3.1
26	2.19	-1.26%	0.75	3.2	2281	2211	200.59	0.7595	0.0734	-0.3304	0.0066	3.2
26.5	1.85	-0.70%	1.87	2.44	42	139	85.67	0.8864	0.1062	-0.088	0.0041	2.16
27	1.68	0.46%	0.96	2.08	2401	2365	75.18	0.849	0.1473	-0.094	0.0049	1.68
27.5	1.15	0.35%	0.05	2.02	94	30	52.65	0.8372	0.221	-0.0695	0.0052	1.15
28	0.94	1.37%	0.84	1.12	1136	106	74.9	0.6481	0.2345	-0.1476	0.0078	0.94
28.5	0.8	2.63%	0.32	0.95	104	59	91.84	0.5244	0.2052	-0.1938	0.0084	0.8
29	0.49	3.29%	0.31	0.74	162	166	81.3	0.4097	0.2262	-0.1675	0.0082	0.49
29.5	0.25	4.20%	0.03	0.59	567	136	71.21	0.2766	0.2224	-0.1263	0.0071	0.25
30	0.18	5.71%	0.03	0.3	8831	987	77.39	0.202	0.1722	-0.1154	0.006	0.18
30.5	0.01	6.87%	0	0.23	19	334	45.94	0.0272	0.0647	-0.0153	0.0013	0.01
31	0.05	8.76%	0.02	0.05	13	209	74.82	0.0725	0.0872	-0.0547	0.0029	0.05
31.5	0.02	10.40%	0.01	0.03	39	40	71.71	0.0341	0.0499	-0.0287	0.0016	0.02
32	0.03	12.19%	0	0.06	1	173	87.01	0.0412	0.0479	-0.0406	0.0019	0.03
32.5	0.63	16.04%	0	0.75	0	29	183.34	0.1877	0.0695	-0.2611	0.0057	0.38
33	0.02	15.66%	0	0.05	3	2202	98.68	0.0259	0.0288	-0.0314	0.0013	0.02
33.5	0.02	17.41%	0	1.27	1	70	107.12	0.0241	0.025	-0.0321	0.0012	0.02
34	0.02	19.16%	0	0.04	0	2616	115.33	0.0226	0.022	-0.0328	0.0011	0.02
34.5	0.03	20.95%	0	1.27	0	332	279.86	0.209	0.0486	-0.4251	0.0061	0.64
35	0.06	22.80%	0	1.27	2	253	157.44	0.0456	0.0288	-0.0798	0.002	0.06
35.5	0.01	24.38%	0	0.21	2	362	126.29	0.0112	0.011	-0.0197	0.0006	0.01
36	0.01	26.13%	0	0.05	0	402	151.06	0.0219	0.0163	-0.0417	0.0011	0.03
36.5	0.1	28.20%	0	1.27	0	5	327.84	0.1865	0.0387	-0.4649	0.0057	0.64
37	0.17	30.19%	0	1.27	0	68	339.02	0.1821	0.0369	-0.4736	0.0056	0.64
37.5	0	N/A	0	1.27	0	0	349.93	0.178	0.0352	-0.4819	0.0055	0.64
38	0.14	33.59%	0	1.27	0	6	360.56	0.1742	0.0337	-0.4898	0.0054	0.64
39	0	N/A	0	0.65	0	0	314.85	0.111	0.0284	-0.3149	0.004	0.33
40	0	N/A	0	0.22	0	0	262.55	0.0508	0.0188	-0.1449	0.0022	0.11
41	0	N/A	0	1.27	0	0	419.55	0.1563	0.027	-0.5312	0.0051	0.64
42	0	N/A	0	1.27	0	0	437.62	0.1516	0.0254	-0.5431	0.005	0.64
43	0	N/A	0	1.27	0	0	455.01	0.1475	0.024	-0.5543	0.0049	0.64
44	0	N/A	0	1.27	0	0	471.77	0.1437	0.0227	-0.5648	0.0048	0.64
45	0	N/A	0	1.27	0	0	487.95	0.1403	0.0216	-0.5747	0.0047	0.64

Puts

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
17	0.01	-40.42%	0	1.26	5	77	283.12	-0.005	0.0024	-0.0215	0.0003	0.01
17.5	0	N/A	0	1.26	0	0	589.25	-0.09	0.013	-0.5055	0.0034	0.63
18	0	N/A	0	1.87	0	0	642.81	-0.1136	0.0142	-0.6532	0.0041	0.94
18.5	0	N/A	0	1.67	0	0	590.35	-0.1128	0.0153	-0.5969	0.004	0.84
19	0.13	-32.99%	0	1.26	0	1	512.21	-0.1031	0.0166	-0.4855	0.0038	0.63
19.5	0	N/A	0	1.27	0	0	488.95	-0.1085	0.018	-0.4807	0.0039	0.64
20	0.17	-29.35%	0	0.45	1	45	322.64	-0.0537	0.016	-0.1859	0.0023	0.17
20.5	0.05	-28.02%	0	1.27	16	0	238.47	-0.0247	0.0115	-0.0729	0.0012	0.05
21	0.07	-26.20%	0	0.07	1	29	237.57	-0.0333	0.0148	-0.093	0.0016	0.07
21.5	0	N/A	0	1.29	0	0	397.39	-0.1331	0.0256	-0.4513	0.0045	0.65
22	0.17	-22.35%	0	1.5	10	115	251.34	-0.0675	0.0246	-0.1733	0.0028	0.17
22.5	0.17	-20.60%	0	1.71	150	22	234.18	-0.072	0.0277	-0.1696	0.0029	0.17
23	0.02	-19.37%	0.02	0.63	27	4198	142.45	-0.0177	0.0145	-0.0328	0.0009	0.02
23.5	0	N/A	0	1.34	0	0	313.29	-0.1696	0.0382	-0.4179	0.0053	0.67
24	0.06	-15.73%	0	0.58	140	829	143.79	-0.046	0.0317	-0.0732	0.002	0.06
24.5	0.01	-14.15%	0	0.38	67	22	95.38	-0.0138	0.0175	-0.0177	0.0007	0.01
25	0.04	-12.29%	0	0.35	103	1155	106.55	-0.0423	0.0401	-0.0508	0.0019	0.04
25.5	0.87	-7.64%	0	0.15	539	44	256.78	-0.2451	0.0579	-0.4261	0.0066	0.87
26	0.35	-7.71%	0.08	0.2	41	519	110.57	-0.1179	0.0846	-0.1153	0.0042	0.14
26.5	0.13	-6.73%	0	0.86	37	12	92.08	-0.1295	0.1084	-0.1025	0.0045	0.13
27	0.5	-3.68%	0	1.15	25	218	135.12	-0.2712	0.1161	-0.2362	0.007	0.5
27.5	0.35	-2.45%	0	0.9	8	0	92.31	-0.2796	0.1725	-0.1637	0.0071	0.35
28	0.47	-0.28%	0.25	0.65	3988	102	85.35	-0.3666	0.2087	-0.1692	0.008	0.47
28.5	0.63	2.03%	0.26	1.23	19	166	77.89	-0.4758	0.242	-0.1632	0.0084	0.63
29	0.67	3.92%	0	1.46	321	144	48.01	-0.6628	0.3603	-0.0917	0.0077	0.67
29.5	0.53	5.18%	0	1.59	3	22	122.46	-0.6236	0.1467	-0.2447	0.008	1.59
30	1.86	11.59%	1.24	1.94	2	373	112.2	-0.7102	0.1444	-0.2017	0.0072	1.86
30.5	5.8	27.15%	0.1	2.21	1	47	106.67	-0.7871	0.1289	-0.1625	0.0061	2.21
31	2.85	18.56%	1.05	2.91	57	114	144.4	-0.763	0.1012	-0.2343	0.0065	2.85
31.5	5.83	30.75%	1.02	3.65	0	61	204.19	-0.7172	0.0784	-0.3636	0.0071	3.65
32	6.36	34.36%	3.1	3.55	1	652	113.65	-0.9056	0.0701	-0.0997	0.0036	3.55
32.5	7.75	40.98%	2.57	4.2	0	23	160.51	-0.8487	0.0692	-0.1974	0.005	4.2
33	7.29	41.12%	4.2	4.65	1	302	161.97	-0.8745	0.0603	-0.1752	0.0044	4.65
33.5	7.15	42.38%	4.6	5.7	0	17	173.52	-0.8811	0.0542	-0.1807	0.0042	5.15
34	7.92	46.83%	5.1	5.75	0	6	207.24	-0.8558	0.0518	-0.247	0.0048	5.75
34.5	8.7	51.31%	5.7	6.2	0	6	86.16	-0.9997	0.2071	-0.0003	0	5.95
35	10.01	57.65%	6.25	7.1	3	1	212.44	-0.8881	0.0424	-0.212	0.004	6.67
35.5	0	N/A	5.85	7.75	0	0	332.27	-0.7771	0.0425	-0.5218	0.0063	7.75
36	7.46	52.22%	7.05	7.6	5	0	137.09	-0.9877	0.0111	-0.0219	0.0007	7.46
36.5	6.65	51.14%	7.55	8.1	0	3	220.83	-0.9224	0.0312	-0.1678	0.0031	8.1
37	8.52	59.44%	8.1	8.75	4	3	197.91	-0.9552	0.0226	-0.097	0.002	8.52
37.5	0	N/A	8.65	9.1	0	0	238.85	-0.927	0.0275	-0.1731	0.0029	9.1
38	9.5	66.37%	9.15	9.65	14	0	202.37	-0.9668	0.0173	-0.0774	0.0016	9.5
39	10.61	73.77%	10.1	10.6	12	0	264.44	-0.9326	0.0233	-0.1801	0.0028	10.6
40	11.56	80.60%	11.15	11.6	10	0	264.3	-0.9481	0.019	-0.1464	0.0022	11.56
41	12.54	87.53%	12.05	12.6	13	0	269.56	-0.9568	0.0161	-0.1285	0.0019	12.54
42	13.49	94.36%	13.05	13.75	4	2	250.56	-0.9768	0.0104	-0.0707	0.0012	13.49
43	14.47	101.30%	14.05	14.6	2	0	241.36	-0.9865	0.0068	-0.0423	0.0007	14.47
44	15.52	108.48%	15.1	15.75	6	2	298.46	-0.9678	0.0115	-0.1116	0.0015	15.52
45	16.5	115.41%	15.65	17.2	6	1	296.09	-0.9755	0.0092	-0.0876	0.0012	16.5