Southwest Airlines (LUV) Options Chain

NYSE: LUVConsumer DiscretionaryAir Freight/Delivery ServicesUSD

41.66+0.30 (+0.73%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 23, 2026
Days to expiration: 12
Share price: $41.66
Put/call ratio (OI): 0.42
Put/call ratio (volume): 2.23
Open interest (C / P): 3.93K / 1.65K

LUV options summary

The LUV options chain for the October 23, 2026 expiration lists 30 call and 23 put contracts, with 12 days until expiration. Open interest stands at 3,932 calls and 1,649 puts, a put/call ratio of 0.42, which is tilted bullish, with calls outnumbering puts. The most open interest sits at the $45.00 call (1.76K contracts) and the $41.00 put (462 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

LUV options chain · October 23, 2026

LUV calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
2	2	137.5%	11.19	12.20	15.60	28.00	—	—	—	—	—	—
2	2	117.6%	11.94	11.05	14.60	29.00	—	—	—	—	—	—
—	—	—	—	—	—	30.00	0.00	0.13	0.30	91.0%	10	1
—	—	—	—	—	—	31.00	0.00	0.95	0.20	129.1%	—	1
—	—	—	—	—	—	32.00	0.00	0.04	0.02	63.3%	1	56
—	—	—	—	—	—	33.00	0.00	0.30	0.03	80.3%	15	17
—	—	—	—	—	—	34.00	0.00	1.10	0.17	102.5%	3	4
1	—	161.4%	5.46	4.70	8.70	35.00	0.02	0.13	0.08	54.7%	29	47
1	—	62.7%	4.77	4.65	7.15	36.00	0.00	0.43	0.17	60.9%	15	209
—	—	—	—	—	—	36.50	—	—	0.43	—	—	—
7	2	53.9%	5.88	3.55	6.25	37.00	0.10	0.28	0.26	50.4%	284	130
—	—	—	5.48	—	—	37.50	—	—	0.49	—	—	—
2	2	55.8%	2.98	2.80	5.40	38.00	0.14	0.53	0.50	50.4%	2	64
—	—	—	—	—	—	38.50	—	—	0.74	—	—	—
55	26	67.6%	4.75	2.63	3.65	39.00	0.22	0.95	0.59	51.8%	5	92
—	—	—	—	—	—	39.50	—	—	1.05	—	—	—
110	3	54.4%	2.38	2.35	2.91	40.00	0.73	1.11	0.90	52.6%	35	176
—	—	—	2.24	—	—	40.50	—	—	1.48	—	—	—
154	52	53.0%	1.77	1.84	2.16	41.00	0.99	1.39	1.47	54.6%	290	462
—	—	—	1.82	—	—	41.50	—	—	1.27	—	—	—
LUV $41.66
165	40	59.6%	1.34	1.29	2.13	42.00	1.50	1.96	2.10	56.7%	35	268
—	—	—	1.67	—	—	42.50	—	—	—	—	—	—
796	6	53.9%	1.01	0.89	1.13	43.00	2.15	2.52	2.51	55.6%	1	83
—	—	—	0.84	—	—	43.50	—	—	—	—	—	—
179	39	51.7%	0.60	0.62	0.88	44.00	2.75	3.70	3.09	56.5%	1	12
—	—	—	0.88	—	—	44.50	—	—	—	—	—	—
1,762	26	54.4%	0.53	0.48	0.68	45.00	3.15	5.05	5.11	61.4%	—	3
—	—	—	0.93	—	—	45.50	—	—	—	—	—	—
365	16	58.9%	0.36	0.33	0.66	46.00	—	—	—	—	—	—
—	—	—	0.68	—	—	46.50	—	—	—	—	—	—
73	42	54.5%	0.25	0.04	0.50	47.00	—	—	—	—	—	—
—	—	—	0.54	—	—	47.50	—	—	—	—	—	—
93	2	98.7%	0.44	0.00	2.14	48.00	—	—	—	—	—	—
91	1	73.0%	0.60	0.00	0.73	49.00	—	—	—	—	—	—
10	8	71.1%	0.09	0.03	0.46	50.00	8.00	9.65	9.45	86.1%	—	24
2	—	121.0%	0.25	0.00	2.16	51.00	—	—	—	—	—	—
—	—	—	0.01	—	—	52.00	—	—	—	—	—	—
62	57	57.8%	0.02	0.00	0.02	55.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the LUV put/call ratio?

For the October 23, 2026 expiration, the LUV put/call ratio based on open interest is 0.42 (1,649 puts vs 3,932 calls), and 2.23 based on today's volume. A ratio above 1 means more puts than calls.

How many LUV option expiration dates are there?

LUV has 13 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.