Southwest Airlines Co. (LUV) Gamma Exposure by Expiry | GEX Expiration Analysis - Stocknear

Southwest Airlines Co.

NYSE: LUV · Real-Time Price · USD
31.67
-0.05 (-0.16%)
At close: Sep 12, 2025, 3:59 PM
31.66
-0.03%
After-hours: Sep 12, 2025, 07:41 PM EDT

LUV Gamma Exposure By Expiry

The total Gamma Exposure (GEX) for LUV across all expirations is -6,227.13 shares per 1% move, with 352,903.38 from calls and 359,130.51 from puts. The put-call GEX ratio of 1.02 indicates heavy put positioning, suggesting market makers may need to buy shares on declines (supportive) and sell on rallies (resistance).

LUV GEX Table

Expiry Date Call GEX Put GEX Net GEX P/C GEX
Sep 19, 25 137,694.19 -162,292.11 -24,597.92 1.18
Sep 26, 25 17,564.76 -18,591.44 -1,026.68 1.06
Oct 3, 25 3,356.1 -3,409.02 -52.92 1.02
Oct 10, 25 1,989.83 -12,592.07 -10,602.24 6.33
Oct 17, 25 72,842.69 -64,113 8,729.69 0.88
Oct 24, 25 527.49 -210 317.49 0.40
Oct 31, 25 37.94 0 37.94 0.00
Nov 21, 25 20,750.54 -14,815.7 5,934.84 0.71
Dec 19, 25 11,290.8 -19,111.41 -7,820.61 1.69
Jan 16, 26 64,452.64 -42,234.64 22,218 0.66
Mar 20, 26 8,932.66 -5,130.75 3,801.91 0.57
Jun 18, 26 5,138.9 -7,510.08 -2,371.18 1.46
Sep 18, 26 349.16 -522.25 -173.09 1.50
Dec 18, 26 0 0 0 n/a
Jan 15, 27 7,975.68 -8,598.04 -622.36 1.08