LUV · Southwest Airlines Co

Track LUV — free

$44.26 -0.61 (-1.36%) At close · Aug 14

Market Cap

$21.65B

489.21M

Options Chain

Underlying $44.26 · at close Aug 14, 2026 Options Calculator

Positioning

Aug 21, 2026 · 6 days to expiry · 82 contracts · mixed snapshot sessions · Jul 7, 2026–Aug 14, 2026; 11 unknown

Put / call OI

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dated and unknown snapshot sessions

Open interest

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dated and unknown snapshot sessions

Volume

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dated and unknown snapshot sessions

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 6d Aug 28 13d Sep 4 20d Sep 11 27d Sep 18 34d Sep 25 41d Oct 2 48d Dec 18 125d Jan 15 153d Mar 19 216d Jun 17 306d Jan 21 524d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
2	2	—	—	$17.15		$0.01	-0.013	141.1%	12	37
Call · $30 In the money Snapshot session Aug 7, 2026 Last $17.15 Breakeven $47.15 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this call Put · $30 Snapshot session Aug 3, 2026 Last $0.01 Breakeven $29.99 Implied vol 141.1% Delta -0.013 ≈1% ITM Gamma 0.004 Theta -0.021 Vega 0.002 Open interest 37 Model this put
5	1	172.3%	0.933	$12.79		$0.01	-0.036	140.1%	15	8
Call · $32.5 In the money Snapshot session Jul 24, 2026 Last $12.79 Breakeven $45.29 Implied vol 172.3% Delta 0.933 ≈93% ITM Gamma 0.013 Theta -0.105 Vega 0.009 Open interest 5 Model this call Put · $32.5 Snapshot session Aug 5, 2026 Last $0.01 Breakeven $32.49 Implied vol 140.1% Delta -0.036 ≈4% ITM Gamma 0.01 Theta -0.052 Vega 0.005 Open interest 8 Model this put
11	1	136%	0.922	$10.45		$0.01	-0.036	105.3%	10	49
Call · $35 In the money Snapshot session Aug 10, 2026 Last $10.45 Breakeven $45.45 Implied vol 136% Delta 0.922 ≈92% ITM Gamma 0.018 Theta -0.092 Vega 0.009 Open interest 11 Model this call Put · $35 Snapshot session Aug 5, 2026 Last $0.01 Breakeven $34.99 Implied vol 105.3% Delta -0.036 ≈4% ITM Gamma 0.013 Theta -0.038 Vega 0.005 Open interest 49 Model this put
0	—	—	—	—		$0.19	-0.029	88.2%	1	1
Call · $36 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $36 Snapshot session Aug 10, 2026 Last $0.19 Breakeven $35.81 Implied vol 88.2% Delta -0.029 ≈3% ITM Gamma 0.013 Theta -0.027 Vega 0.005 Open interest 1 Model this put
1	1	—	—	$8.55		$0.23	-0.034	78.9%	1	55
Call · $37 In the money Snapshot session Jul 23, 2026 Last $8.55 Breakeven $45.55 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this call Put · $37 Snapshot session Aug 10, 2026 Last $0.23 Breakeven $36.77 Implied vol 78.9% Delta -0.034 ≈3% ITM Gamma 0.016 Theta -0.027 Vega 0.005 Open interest 55 Model this put
4	1	—	—	$7.35		$0.03	-0.106	110%	5	74
Call · $37.5 In the money Snapshot session Aug 14, 2026 Last $7.35 Breakeven $44.85 Implied vol — Delta — Gamma — Theta — Vega — Open interest 4 Model this call Put · $37.5 Snapshot session Aug 6, 2026 Last $0.03 Breakeven $37.47 Implied vol 110% Delta -0.106 ≈11% ITM Gamma 0.029 Theta -0.094 Vega 0.009 Open interest 74 Model this put
1	1	96.3%	0.902	$6.85		$0.03	-0.11	102.9%	2	18
Call · $38 In the money Snapshot session Aug 14, 2026 Last $6.85 Breakeven $44.85 Implied vol 96.3% Delta 0.902 ≈90% ITM Gamma 0.031 Theta -0.078 Vega 0.009 Open interest 1 Model this call Put · $38 Snapshot session Aug 7, 2026 Last $0.03 Breakeven $37.97 Implied vol 102.9% Delta -0.11 ≈11% ITM Gamma 0.032 Theta -0.09 Vega 0.009 Open interest 18 Model this put
0	—	56.8%	0.963	—		$0.01	-0.022	50.2%	1	27
Call · $39 In the money Snapshot session Unknown Last — Breakeven — Implied vol 56.8% Delta 0.963 ≈96% ITM Gamma 0.024 Theta -0.022 Vega 0.006 Open interest 0 Model this call Put · $39 Snapshot session Aug 11, 2026 Last $0.01 Breakeven $38.99 Implied vol 50.2% Delta -0.022 ≈2% ITM Gamma 0.018 Theta -0.012 Vega 0.003 Open interest 27 Model this put
94	2	—	—	$4.49		$0.05	-0.026	42.1%	2	626
Call · $40 In the money Snapshot session Aug 14, 2026 Last $4.49 Breakeven $44.49 Implied vol — Delta — Gamma — Theta — Vega — Open interest 94 Model this call Put · $40 Snapshot session Aug 14, 2026 Last $0.05 Breakeven $39.95 Implied vol 42.1% Delta -0.026 ≈3% ITM Gamma 0.025 Theta -0.012 Vega 0.003 Open interest 626 Model this put
3	1	—	—	$3.45		$0.07	-0.048	37.1%	202	788
Call · $41 In the money Snapshot session Aug 14, 2026 Last $3.45 Breakeven $44.45 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this call Put · $41 Snapshot session Aug 14, 2026 Last $0.07 Breakeven $40.93 Implied vol 37.1% Delta -0.048 ≈5% ITM Gamma 0.046 Theta -0.017 Vega 0.006 Open interest 788 Model this put
0	—	61.8%	0.808	—		$0.10	-0.093	39.7%	3	5
Call · $41.5 In the money Snapshot session Unknown Last — Breakeven — Implied vol 61.8% Delta 0.808 ≈81% ITM Gamma 0.076 Theta -0.08 Vega 0.015 Open interest 0 Model this call Put · $41.5 Snapshot session Aug 14, 2026 Last $0.10 Breakeven $41.40 Implied vol 39.7% Delta -0.093 ≈9% ITM Gamma 0.072 Theta -0.03 Vega 0.01 Open interest 5 Model this put
3	2	46.8%	0.825	$3.47		$0.17	-0.122	37.5%	64	24
Call · $42 In the money Snapshot session Aug 10, 2026 Last $3.47 Breakeven $45.47 Implied vol 46.8% Delta 0.825 ≈82% ITM Gamma 0.095 Theta -0.057 Vega 0.015 Open interest 3 Model this call Put · $42 Snapshot session Aug 14, 2026 Last $0.17 Breakeven $41.83 Implied vol 37.5% Delta -0.122 ≈12% ITM Gamma 0.094 Theta -0.035 Vega 0.01 Open interest 24 Model this put
42	1	58.9%	0.726	$2.55		$0.24	-0.171	35.9%	43	506
Call · $42.5 In the money Snapshot session Aug 14, 2026 Last $2.55 Breakeven $45.05 Implied vol 58.9% Delta 0.726 ≈73% ITM Gamma 0.097 Theta -0.092 Vega 0.02 Open interest 42 Model this call Put · $42.5 Snapshot session Aug 14, 2026 Last $0.24 Breakeven $42.26 Implied vol 35.9% Delta -0.171 ≈17% ITM Gamma 0.122 Theta -0.042 Vega 0.015 Open interest 506 Model this put
75	2	26.8%	0.823	$1.73		$0.32	-0.252	37.9%	41	161
Call · $43 In the money Snapshot session Aug 14, 2026 Last $1.73 Breakeven $44.73 Implied vol 26.8% Delta 0.823 ≈82% ITM Gamma 0.167 Theta -0.034 Vega 0.015 Open interest 75 Model this call Put · $43 Snapshot session Aug 14, 2026 Last $0.32 Breakeven $42.68 Implied vol 37.9% Delta -0.252 ≈25% ITM Gamma 0.146 Theta -0.056 Vega 0.02 Open interest 161 Model this put
12	5	28.8%	0.712	$1.32		$0.47	-0.345	42.4%	40	164
Call · $43.5 In the money Snapshot session Aug 14, 2026 Last $1.32 Breakeven $44.82 Implied vol 28.8% Delta 0.712 ≈71% ITM Gamma 0.204 Theta -0.047 Vega 0.02 Open interest 12 Model this call Put · $43.5 Snapshot session Aug 14, 2026 Last $0.47 Breakeven $43.03 Implied vol 42.4% Delta -0.345 ≈34% ITM Gamma 0.153 Theta -0.073 Vega 0.023 Open interest 164 Model this put
7	38	30.4%	0.597	$0.96		$0.72	-0.407	32%	165	342
Call · $44 In the money Snapshot session Aug 14, 2026 Last $0.96 Breakeven $44.96 Implied vol 30.4% Delta 0.597 ≈60% ITM Gamma 0.22 Theta -0.056 Vega 0.023 Open interest 7 Model this call Put · $44 Snapshot session Aug 14, 2026 Last $0.72 Breakeven $43.28 Implied vol 32% Delta -0.407 ≈41% ITM Gamma 0.209 Theta -0.057 Vega 0.023 Open interest 342 Model this put
Underlying $44.26
181	43	34.9%	0.49	$0.73		$0.93	-0.512	32.8%	105	449
Call · $44.5 Snapshot session Aug 14, 2026 Last $0.73 Breakeven $45.23 Implied vol 34.9% Delta 0.49 ≈49% ITM Gamma 0.199 Theta -0.066 Vega 0.023 Open interest 181 Model this call Put · $44.5 In the money Snapshot session Aug 14, 2026 Last $0.93 Breakeven $43.57 Implied vol 32.8% Delta -0.512 ≈51% ITM Gamma 0.212 Theta -0.06 Vega 0.023 Open interest 449 Model this put
482	111	36.6%	0.399	$0.51		$1.20	-0.599	37.3%	254	1k
Call · $45 Snapshot session Aug 14, 2026 Last $0.51 Breakeven $45.51 Implied vol 36.6% Delta 0.399 ≈40% ITM Gamma 0.183 Theta -0.067 Vega 0.023 Open interest 482 Model this call Put · $45 In the money Snapshot session Aug 14, 2026 Last $1.20 Breakeven $43.80 Implied vol 37.3% Delta -0.599 ≈60% ITM Gamma 0.18 Theta -0.066 Vega 0.023 Open interest 1k Model this put
174	52	31.1%	0.282	$0.44		$1.55	-0.691	35.5%	2	145
Call · $45.5 Snapshot session Aug 14, 2026 Last $0.44 Breakeven $45.94 Implied vol 31.1% Delta 0.282 ≈28% ITM Gamma 0.188 Theta -0.049 Vega 0.021 Open interest 174 Model this call Put · $45.5 In the money Snapshot session Aug 14, 2026 Last $1.55 Breakeven $43.95 Implied vol 35.5% Delta -0.691 ≈69% ITM Gamma 0.172 Theta -0.057 Vega 0.021 Open interest 145 Model this put
207	46	32%	0.206	$0.18		$1.84	-0.747	39.3%	8	202
Call · $46 Snapshot session Aug 14, 2026 Last $0.18 Breakeven $46.18 Implied vol 32% Delta 0.206 ≈21% ITM Gamma 0.154 Theta -0.043 Vega 0.016 Open interest 207 Model this call Put · $46 In the money Snapshot session Aug 14, 2026 Last $1.84 Breakeven $44.16 Implied vol 39.3% Delta -0.747 ≈75% ITM Gamma 0.142 Theta -0.058 Vega 0.021 Open interest 202 Model this put
161	37	33.2%	0.147	$0.19		$2.26	-0.785	43.3%	19	188
Call · $46.5 Snapshot session Aug 14, 2026 Last $0.19 Breakeven $46.69 Implied vol 33.2% Delta 0.147 ≈15% ITM Gamma 0.121 Theta -0.036 Vega 0.016 Open interest 161 Model this call Put · $46.5 In the money Snapshot session Aug 14, 2026 Last $2.26 Breakeven $44.24 Implied vol 43.3% Delta -0.785 ≈78% ITM Gamma 0.118 Theta -0.058 Vega 0.016 Open interest 188 Model this put
456	12	34%	0.105	$0.12		$2.77	-0.792	51.3%	64	400
Call · $47 Snapshot session Aug 14, 2026 Last $0.12 Breakeven $47.12 Implied vol 34% Delta 0.105 ≈11% ITM Gamma 0.092 Theta -0.029 Vega 0.011 Open interest 456 Model this call Put · $47 In the money Snapshot session Aug 14, 2026 Last $2.77 Breakeven $44.23 Implied vol 51.3% Delta -0.792 ≈79% ITM Gamma 0.097 Theta -0.067 Vega 0.016 Open interest 400 Model this put
519	58	34.5%	0.068	$0.10		$3.05	-0.857	47.6%	20	362
Call · $47.5 Snapshot session Aug 14, 2026 Last $0.10 Breakeven $47.60 Implied vol 34.5% Delta 0.068 ≈7% ITM Gamma 0.066 Theta -0.021 Vega 0.006 Open interest 519 Model this call Put · $47.5 In the money Snapshot session Aug 14, 2026 Last $3.05 Breakeven $44.45 Implied vol 47.6% Delta -0.857 ≈86% ITM Gamma 0.084 Theta -0.049 Vega 0.016 Open interest 362 Model this put
1.7k	628	38.3%	0.062	$0.05		$3.30	—	—	5	241
Call · $48 Snapshot session Aug 14, 2026 Last $0.05 Breakeven $48.05 Implied vol 38.3% Delta 0.062 ≈6% ITM Gamma 0.055 Theta -0.022 Vega 0.006 Open interest 1.7k Model this call Put · $48 In the money Snapshot session Aug 14, 2026 Last $3.30 Breakeven $44.70 Implied vol — Delta — Gamma — Theta — Vega — Open interest 241 Model this put
427	1	38.8%	0.043	$0.08		$4.03	-0.952	40.3%	14	46
Call · $48.5 Snapshot session Aug 14, 2026 Last $0.08 Breakeven $48.58 Implied vol 38.8% Delta 0.043 ≈4% ITM Gamma 0.04 Theta -0.016 Vega 0.006 Open interest 427 Model this call Put · $48.5 In the money Snapshot session Aug 14, 2026 Last $4.03 Breakeven $44.47 Implied vol 40.3% Delta -0.952 ≈95% ITM Gamma 0.044 Theta -0.017 Vega 0.006 Open interest 46 Model this put
269	6	41.8%	0.036	$0.06		$2.47	—	—	131	169
Call · $49 Snapshot session Aug 14, 2026 Last $0.06 Breakeven $49.06 Implied vol 41.8% Delta 0.036 ≈4% ITM Gamma 0.033 Theta -0.016 Vega 0.006 Open interest 269 Model this call Put · $49 In the money Snapshot session Aug 7, 2026 Last $2.47 Breakeven $46.53 Implied vol — Delta — Gamma — Theta — Vega — Open interest 169 Model this put
172	10	42.5%	0.026	$0.02		$3.90	—	—	1	136
Call · $49.5 Snapshot session Aug 14, 2026 Last $0.02 Breakeven $49.52 Implied vol 42.5% Delta 0.026 ≈3% ITM Gamma 0.025 Theta -0.012 Vega 0.003 Open interest 172 Model this call Put · $49.5 In the money Snapshot session Aug 11, 2026 Last $3.90 Breakeven $45.60 Implied vol — Delta — Gamma — Theta — Vega — Open interest 136 Model this put
1.3k	8	44.1%	0.021	$0.01		$4.88	—	—	35	262
Call · $50 Snapshot session Aug 14, 2026 Last $0.01 Breakeven $50.01 Implied vol 44.1% Delta 0.021 ≈2% ITM Gamma 0.019 Theta -0.01 Vega 0.003 Open interest 1.3k Model this call Put · $50 In the money Snapshot session Aug 13, 2026 Last $4.88 Breakeven $45.12 Implied vol — Delta — Gamma — Theta — Vega — Open interest 262 Model this put
137	5	55%	0.028	$0.06		—	—	—	—	0
Call · $51 Snapshot session Aug 14, 2026 Last $0.06 Breakeven $51.06 Implied vol 55% Delta 0.028 ≈3% ITM Gamma 0.02 Theta -0.017 Vega 0.003 Open interest 137 Model this call Put · $51 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
99	17	93.8%	0.111	$0.06		$3.20	—	—	10	0
Call · $52 Snapshot session Aug 12, 2026 Last $0.06 Breakeven $52.06 Implied vol 93.8% Delta 0.111 ≈11% ITM Gamma 0.035 Theta -0.083 Vega 0.011 Open interest 99 Model this call Put · $52 In the money Snapshot session Aug 5, 2026 Last $3.20 Breakeven $48.80 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
769	1	71.6%	0.039	$0.05		$4.40	—	—	2	19
Call · $52.5 Snapshot session Aug 13, 2026 Last $0.05 Breakeven $52.55 Implied vol 71.6% Delta 0.039 ≈4% ITM Gamma 0.02 Theta -0.028 Vega 0.007 Open interest 769 Model this call Put · $52.5 In the money Snapshot session Aug 4, 2026 Last $4.40 Breakeven $48.10 Implied vol — Delta — Gamma — Theta — Vega — Open interest 19 Model this put
37	6	67%	0.024	$0.05		—	—	—	—	0
Call · $53 Snapshot session Aug 14, 2026 Last $0.05 Breakeven $53.05 Implied vol 67% Delta 0.024 ≈2% ITM Gamma 0.014 Theta -0.017 Vega 0.003 Open interest 37 Model this call Put · $53 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
442	2	71.4%	0.02	$0.03		$9.15	-0.952	87.3%	2	0
Call · $54 Snapshot session Aug 10, 2026 Last $0.03 Breakeven $54.03 Implied vol 71.4% Delta 0.02 ≈2% ITM Gamma 0.011 Theta -0.016 Vega 0.003 Open interest 442 Model this call Put · $54 In the money Snapshot session Aug 12, 2026 Last $9.15 Breakeven $44.85 Implied vol 87.3% Delta -0.952 ≈95% ITM Gamma 0.02 Theta -0.038 Vega 0.006 Open interest 0 Model this put
623	1	113.4%	0.083	$0.01		$6.64	-0.974	83.1%	30	0
Call · $55 Snapshot session Aug 11, 2026 Last $0.01 Breakeven $55.01 Implied vol 113.4% Delta 0.083 ≈8% ITM Gamma 0.023 Theta -0.081 Vega 0.011 Open interest 623 Model this call Put · $55 In the money Snapshot session Jul 7, 2026 Last $6.64 Breakeven $48.36 Implied vol 83.1% Delta -0.974 ≈97% ITM Gamma 0.013 Theta -0.022 Vega 0.003 Open interest 0 Model this put
518	56	93.2%	0.031	$0.01		—	—	—	—	0
Call · $56 Snapshot session Aug 13, 2026 Last $0.01 Breakeven $56.01 Implied vol 93.2% Delta 0.031 ≈3% ITM Gamma 0.013 Theta -0.031 Vega 0.003 Open interest 518 Model this call Put · $56 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
682	1	111%	0.05	$0.02		—	—	—	—	0
Call · $57 Snapshot session Aug 12, 2026 Last $0.02 Breakeven $57.02 Implied vol 111% Delta 0.05 ≈5% ITM Gamma 0.016 Theta -0.053 Vega 0.007 Open interest 682 Model this call Put · $57 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
504	1	98.5%	0.026	$0.66		$12.00	-0.96	110%	4	0
Call · $57.5 Snapshot session Aug 12, 2026 Last $0.66 Breakeven $58.16 Implied vol 98.5% Delta 0.026 ≈3% ITM Gamma 0.01 Theta -0.027 Vega 0.003 Open interest 504 Model this call Put · $57.5 In the money Snapshot session Jul 31, 2026 Last $12.00 Breakeven $45.50 Implied vol 110% Delta -0.96 ≈96% ITM Gamma 0.014 Theta -0.042 Vega 0.007 Open interest 0 Model this put
113	1	99.7%	0.023	$0.22		—	-0.961	113.1%	—	0
Call · $58 Snapshot session Aug 14, 2026 Last $0.22 Breakeven $58.22 Implied vol 99.7% Delta 0.023 ≈2% ITM Gamma 0.009 Theta -0.025 Vega 0.003 Open interest 113 Model this call Put · $58 In the money Snapshot session Unknown Last — Breakeven — Implied vol 113.1% Delta -0.961 ≈96% ITM Gamma 0.013 Theta -0.042 Vega 0.007 Open interest 0 Model this put
661	20	126.2%	0.05	$0.30		—	—	—	—	0
Call · $59 Snapshot session Jul 21, 2026 Last $0.30 Breakeven $59.30 Implied vol 126.2% Delta 0.05 ≈5% ITM Gamma 0.014 Theta -0.061 Vega 0.007 Open interest 661 Model this call Put · $59 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
962	2	129.3%	0.044	$0.01		—	—	—	—	0
Call · $60 Snapshot session Aug 12, 2026 Last $0.01 Breakeven $60.01 Implied vol 129.3% Delta 0.044 ≈4% ITM Gamma 0.012 Theta -0.056 Vega 0.007 Open interest 962 Model this call Put · $60 In the money Snapshot session Unknown Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
207	1	162.9%	0.045	$0.05		—	-0.982	135.7%	—	0
Call · $65 Snapshot session Jul 22, 2026 Last $0.05 Breakeven $65.05 Implied vol 162.9% Delta 0.045 ≈4% ITM Gamma 0.01 Theta -0.071 Vega 0.007 Open interest 207 Model this call Put · $65 In the money Snapshot session Unknown Last — Breakeven — Implied vol 135.7% Delta -0.982 ≈98% ITM Gamma 0.006 Theta -0.025 Vega 0.003 Open interest 0 Model this put

About this data

Each contract's last price, volume, greeks, implied volatility and open interest belongs to the snapshot session shown in its details; unknown means the provider omitted the timestamp. This chain has mixed snapshot sessions · Jul 7, 2026–Aug 14, 2026; 11 unknown. Cross-contract positioning totals are shown only when every returned row has the same known session. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. The 25 strikes around the money are shown by default — switch to "All 41" for the wings.

Key facts CIK 92380 CUSIP 844741108 13F (30d) 858 filings 827 filers Visit website Investor relations