Southwest Airlines Co. (LUV)
Southwest Airlines Max Pain By Strike
LUV trades at $31.67, 2.6% below the near-term max pain of $32.5 expiring Sep 19, 2025 (6 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 7 expirations converge.
Southwest Airlines Max Pain By Expiry
Max pain for LUV shows stable levels around 29.50, reflecting balanced market expectations. The 102% spread signals divergent expectations across timeframes. Levels distributed around 31.67. Strong magnetic level at 33 (7 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 |
|---|---|---|
| Sep 19, 2025 | 32.5 | 0.83 (2.62%) |
| Sep 26, 2025 | 31 | -0.67 (-2.12%) |
| Oct 3, 2025 | 31 | -0.67 (-2.12%) |
| Oct 10, 2025 | 31 | -0.67 (-2.12%) |
| Oct 17, 2025 | 32.5 | 0.83 (2.62%) |
| Oct 24, 2025 | 32 | 0.33 (1.04%) |
| Oct 31, 2025 | 20 | -11.67 (-36.85%) |
| Nov 21, 2025 | 32.5 | 0.83 (2.62%) |
| Dec 19, 2025 | 32.5 | 0.83 (2.62%) |
| Jan 16, 2026 | 30 | -1.67 (-5.27%) |
| Mar 20, 2026 | 32.5 | 0.83 (2.62%) |
| Jun 18, 2026 | 35 | 3.33 (10.51%) |
| Sep 18, 2026 | 32.5 | 0.83 (2.62%) |
| Dec 18, 2026 | 5 | -26.67 (-84.21%) |
| Jan 15, 2027 | 32.5 | 0.83 (2.62%) |