Bearish flow noted in Southwest (LUV) with 9,683 puts trading, or 1.7x expected. Most active are Jul-25 30 puts and Sep-25 30 puts, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 3.59, while ATM IV is up over 1 point on the day. Earnings are expected on July 24th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUV:
- Airline stocks fall after Israel attack on Iran closes airspaces
- Airline Stocks Feel the Pressure as Airfares Fall 7% in May
- Southwest opens expanded cargo facility at Denver International Airport
- How the Smart Money Flies With Southwest Airlines (LUV) Stock Options
- Southwest in talks for interline partnership with China Airlines