Southwest Airlines Co. (LUV)
NYSE: LUV
· Real-Time Price · USD
31.47
0.77 (2.51%)
At close: Aug 15, 2025, 3:59 PM
31.31
-0.51%
After-hours: Aug 15, 2025, 07:58 PM EDT
LUV Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for LUV across all expirations is 9,775.8 shares per 1% move, with 252,737.77 from calls and 242,961.97 from puts. The put-call GEX ratio of 0.96 reflects balanced positioning between puts and calls. The highest gamma concentration is at the Sep 19, 25 expiration with -48,589.65 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 | 26,105.42 | -6,408.55 | 19,696.87 | 0.25 |
| Aug 29, 25 | 16,963.9 | -4,075.14 | 12,888.76 | 0.24 |
| Sep 5, 25 | 6,452.9 | -3,069.01 | 3,383.89 | 0.48 |
| Sep 12, 25 | 1,574.44 | -1,697.61 | -123.17 | 1.08 |
| Sep 19, 25 | 75,381.57 | -123,971.22 | -48,589.65 | 1.64 |
| Sep 26, 25 | 163.3 | -1,877.12 | -1,713.82 | 11.49 |
| Oct 17, 25 | 16,636.96 | -16,018.11 | 618.85 | 0.96 |
| Nov 21, 25 | 17,164.75 | -11,696.57 | 5,468.18 | 0.68 |
| Dec 19, 25 | 9,408.87 | -16,782.69 | -7,373.82 | 1.78 |
| Jan 16, 26 | 65,313.39 | -40,311.79 | 25,001.6 | 0.62 |
| Mar 20, 26 | 5,375.84 | -3,863.08 | 1,512.76 | 0.72 |
| Jun 18, 26 | 4,329.08 | -6,506.05 | -2,176.97 | 1.50 |
| Dec 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 7,867.35 | -6,685.03 | 1,182.32 | 0.85 |