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Southwest call volume above normal and directionally bullish

Bullish option flow detected in Southwest (LUV) with 25,113 calls trading, 6x expected, and implied vol increasing almost 2 points to 42.34%. Feb-26 47.5 calls and Jun-26 50 calls are the most active options, with total volume in those strikes near 23,500 contracts. The Put/Call Ratio is 0.15. Earnings are expected on January 28th.

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