Bearish flow noted in Southwest (LUV) with 13,539 puts trading, or 1.4x expected. Most active are 6/27 weekly 30.5 puts and 6/27 weekly 30 puts, with total volume in those strikes near 8,700 contracts. The Put/Call Ratio is 1.75, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 24th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUV:
- Sector Spotlight: Boeing predicts airplane supply will catch up with demand
- AAL, LUV, DAL: Canada Considers Opening Skies to Foreign Airlines
- NTSB recommends Modifications to LEAP-1B engines
- Southwest price target lowered to $30 from $31 at Bernstein
- JetBlue Stock (JBLU) Drops after CEO Warns that Financial Struggles Will Continue