Bearish flow noted in Southwest (LUV) with 4,679 puts trading, or 1.7x expected. Most active are Nov-24 30 puts and Nov-24 35 calls, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 1.94, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 30th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUV:
- Southwest names Rakesh Gangwal as independent chair of board
- Southwest Airlines Faces Pressure from Looming Pilots’ Lawsuit
- Jefferies aerospace & defense analysts hold analyst/industry conference call
- Southwest price target raised to $26 from $20 at JPMorgan
- DOJ, DOT launch broad public inquiry into state of competition in air travel