Southwest Airlines Co. (LUV)
NYSE: LUV
· Real-Time Price · USD
31.73
0.62 (1.99%)
At close: Sep 11, 2025, 3:59 PM
31.77
0.14%
After-hours: Sep 11, 2025, 07:53 PM EDT
LUV Delta Exposure By Expiry
The total Delta Exposure (DEX) for LUV across all expirations shows -246,383.75 net shares that market makers must hedge, with 1,580,816.24 from calls and 1,827,199.99 from puts. The put-call delta ratio of 1.16 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 |
|---|---|---|---|---|
| Sep 19, 25 | 243,253.21 | -598,173.62 | -354,920.41 | 2.46 |
| Sep 26, 25 | 30,091.84 | -26,279.69 | 3,812.15 | 0.87 |
| Oct 3, 25 | 3,298.01 | -7,845.37 | -4,547.36 | 2.38 |
| Oct 10, 25 | 6,891.6 | -16,178.82 | -9,287.22 | 2.35 |
| Oct 17, 25 | 214,364.14 | -291,718.71 | -77,354.57 | 1.36 |
| Oct 24, 25 | 1,187.89 | -435.9 | 751.99 | 0.37 |
| Nov 21, 25 | 113,420.13 | -96,133.43 | 17,286.7 | 0.85 |
| Dec 19, 25 | 80,723.68 | -142,901.78 | -62,178.1 | 1.77 |
| Jan 16, 26 | 596,711.06 | -378,179 | 218,532.06 | 0.63 |
| Mar 20, 26 | 85,060.14 | -57,294.25 | 27,765.89 | 0.67 |
| Jun 18, 26 | 60,121.63 | -87,556.72 | -27,435.09 | 1.46 |
| Sep 18, 26 | 5,944.2 | -5,682.12 | 262.08 | 0.96 |
| Dec 18, 26 | 334.56 | 0 | 334.56 | 0.00 |
| Jan 15, 27 | 139,414.15 | -118,820.58 | 20,593.57 | 0.85 |