Southwest Airlines Co. (LUV)
Southwest Airlines Max Pain By Strike
LUV trades at $31.47, 7.4% below the near-term max pain of $34 expiring Aug 15, 2025 (0 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is stable across expirations ($5-$35), indicating stable market expectations. Key magnetic zone at 33 where 5 expirations converge.
Southwest Airlines Max Pain By Expiry
Max pain for LUV shows stable levels around 30.47, reflecting balanced market expectations. The 98% spread signals divergent expectations across timeframes. Levels distributed around 31.47. Strong magnetic level at 33 (5 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 |
|---|---|---|
| Aug 15, 2025 | 34 | 2.53 (8.04%) |
| Aug 22, 2025 | 30.5 | -0.97 (-3.08%) |
| Aug 29, 2025 | 31 | -0.47 (-1.49%) |
| Sep 5, 2025 | 31 | -0.47 (-1.49%) |
| Sep 12, 2025 | 31 | -0.47 (-1.49%) |
| Sep 19, 2025 | 35 | 3.53 (11.22%) |
| Sep 26, 2025 | 32 | 0.53 (1.68%) |
| Oct 17, 2025 | 32.5 | 1.03 (3.27%) |
| Nov 21, 2025 | 30 | -1.47 (-4.67%) |
| Dec 19, 2025 | 32.5 | 1.03 (3.27%) |
| Jan 16, 2026 | 32.5 | 1.03 (3.27%) |
| Mar 20, 2026 | 32.5 | 1.03 (3.27%) |
| Jun 18, 2026 | 35 | 3.53 (11.22%) |
| Dec 18, 2026 | 5 | -26.47 (-84.11%) |
| Jan 15, 2027 | 32.5 | 1.03 (3.27%) |