Home Options LUVChain

LUV

Southwest Airlines CompanyClose $39.70EOD only

Max Pain

$39.00

Next expiry May 22, 2026

Expected Move

±$1.54

3.9% from close

Price Gap

-0.70

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.60

Slightly call-heavy

Consensus

—

No reports available

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects LUV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 20, 2026 close

LUV Options Chain

Data as of market close May 20, 2026

Expiration

Compare calls and puts side by side with OI, volume, IV, and positioning context.

Control Row

Next expiry (DTE 2)

Blank greek cells usually mean usable implied volatility was unavailable for that contract in the market-close snapshot.

Open Interest by Strike

IV Skew

Volume by Strike

Calls

Strike	Last	Bid	Ask	Chg	Vol	OI	IV	Delta	Gamma	Theta	Vega	Rho
29.00	9.73	9.65	11.30	0.00	7	5	305.7%	0.933	0.0144	-0.293	0.004	0.001
29.50	9.32	9.15	10.70	0.00	3	3	277.3%	0.939	0.0147	-0.248	0.004	0.001
31.50	7.23	7.25	8.80	-0.32	2	107	244.7%	0.915	0.0217	-0.284	0.005	0.002
32.00	5.54	6.85	8.20	0.00	2	4	219.3%	0.921	0.0229	-0.241	0.004	0.002
32.50	6.97	6.35	7.90	0.92	3	108	233.6%	0.893	0.0268	-0.319	0.005	0.002
34.00	4.94	4.45	6.35	1.38	1	2	191.8%	0.878	0.0359	-0.289	0.006	0.002
35.00	3.80	3.70	5.30	1.30	1	10	162.9%	0.866	0.0451	-0.262	0.006	0.002
36.00	2.81	2.97	4.40	1.08	1	185	149.0%	0.827	0.0583	-0.283	0.008	0.002
37.00	2.85	2.37	3.45	1.84	33	232	75.8%	0.901	0.0782	-0.101	0.005	0.002
37.50	2.53	2.07	2.91	1.75	102	12	74.6%	0.856	0.1033	-0.128	0.007	0.002
38.00	2.05	1.72	2.45	1.55	30	324	72.5%	0.802	0.1309	-0.152	0.008	0.002
38.50	0.41	1.48	1.65	0.00	6	30	58.8%	0.768	0.1766	-0.135	0.009	0.002
39.00	1.20	1.03	1.40	1.00	35	285	57.4%	0.672	0.2141	-0.155	0.011	0.001
39.50	1.07	0.83	1.00	0.82	59	69	56.6%	0.558	0.2371	-0.167	0.012	0.001
40.00	0.64	0.53	0.75	0.50	203	582	54.2%	0.436	0.2472	-0.159	0.012	0.001
40.50	0.46	0.41	0.54	0.40	97	170	56.1%	0.325	0.2184	-0.150	0.011	0.001
41.00	0.40	0.27	0.36	0.35	25	556	55.1%	0.222	0.1841	-0.122	0.009	0.000
41.50	0.24	0.17	0.26	0.21	9	82	55.9%	0.148	0.1406	-0.095	0.007	0.000
42.00	0.17	0.10	0.16	0.15	17	470	54.7%	0.086	0.0978	-0.064	0.005	0.000
42.50	0.12	0.06	0.15	0.10	11	209	59.0%	0.063	0.0710	-0.054	0.004	0.000
43.00	0.07	0.05	0.08	-0.07	15	192	59.0%	0.036	0.0454	-0.034	0.002	0.000
43.50	0.01	0.00	0.12	0.00	1	25	64.1%	0.029	0.0349	-0.031	0.002	0.000
44.00	0.01	0.00	0.15	0.00	132	191	73.8%	0.032	0.0332	-0.039	0.002	0.000
44.50	0.05	0.00	0.75	0.00	1	12	123.2%	0.115	0.0534	-0.176	0.006	0.000
45.00	0.07	0.00	0.11	0.06	4	441	80.9%	0.020	0.0201	-0.029	0.001	0.000
45.50	0.03	0.00	0.75	0.00	1	19	138.3%	0.101	0.0433	-0.179	0.005	0.000
46.00	0.02	0.00	0.75	0.00	50	322	145.7%	0.095	0.0395	-0.182	0.005	0.000
46.50	0.08	0.00	1.00	0.00	10	6	167.4%	0.113	0.0389	-0.236	0.006	0.000
47.00	0.11	0.00	0.50	0.00	34	22	142.6%	0.061	0.0289	-0.127	0.004	0.000
47.50	0.08	0.00	0.62	0.00	4	32	157.6%	0.070	0.0289	-0.155	0.004	0.000
48.00	0.08	0.00	0.05	0.00	6	96	99.2%	0.005	0.0054	-0.011	0.000	0.000
48.50	0.05	0.00	0.96	0.00	0	20	193.0%	0.092	0.0291	-0.234	0.005	0.000
49.00	0.07	0.00	0.83	0.00	6	42	191.0%	0.078	0.0261	-0.206	0.004	0.000
50.00	0.05	0.00	1.16	0.00	26	45	224.4%	0.096	0.0258	-0.281	0.005	0.000
51.00	0.01	0.00	0.05	0.00	20	22	125.0%	0.004	0.0032	-0.011	0.000	0.000
52.00	0.13	0.00	1.57	0.00	1	1	273.2%	0.109	0.0233	-0.375	0.005	0.000
53.00	0.33	0.00	0.01	0.00	0	8	118.8%	0.001	0.0006	-0.002	0.000	0.000
54.00	0.29	0.00	1.35	0.00	0	1	284.4%	0.088	0.0191	-0.333	0.005	0.000
55.00	0.13	0.00	0.01	0.00	2	2	131.3%	0.000	0.0004	-0.002	0.000	0.000

Puts

Strike	Last	Bid	Ask	Chg	Vol	OI	IV	Delta	Gamma	Theta	Vega	Rho
28.00	0.06	0.00	0.15	-0.03	2	8	206.3%	-0.009	0.0040	-0.037	0.001	-0.000
29.00	0.10	0.00	0.67	0.00	1	36	259.4%	-0.042	0.0117	-0.169	0.003	-0.000
30.00	0.01	0.00	1.25	0.00	2	3	284.6%	-0.075	0.0170	-0.297	0.004	-0.000
30.50	0.12	0.00	0.12	0.11	1	2	156.3%	-0.010	0.0056	-0.030	0.001	-0.000
31.00	0.10	0.00	0.40	0.04	1	4	189.1%	-0.033	0.0132	-0.102	0.002	-0.000
31.50	0.02	0.00	0.27	0.00	0	1	164.1%	-0.025	0.0119	-0.069	0.002	-0.000
32.00	0.05	0.00	0.01	0.00	3	246	93.8%	-0.001	0.0010	-0.002	0.000	-0.000
33.00	0.38	0.00	1.00	0.00	8	7	196.7%	-0.089	0.0280	-0.233	0.005	-0.000
33.50	0.02	0.00	1.09	0.00	51	52	191.0%	-0.101	0.0316	-0.248	0.005	-0.000
34.00	0.08	0.00	0.41	0.03	100	552	132.4%	-0.051	0.0270	-0.102	0.003	-0.000
34.50	0.01	0.00	0.19	-0.08	4	100	101.6%	-0.028	0.0216	-0.048	0.002	-0.000
35.00	0.02	0.00	0.05	-0.11	1	77	71.9%	-0.008	0.0106	-0.012	0.001	-0.000
35.50	0.02	0.01	0.05	-0.19	5	51	67.2%	-0.011	0.0151	-0.015	0.001	-0.000
36.00	0.03	0.03	0.26	-0.29	110	502	85.5%	-0.057	0.0455	-0.072	0.003	-0.000
36.50	0.05	0.04	0.08	-0.40	84	257	61.3%	-0.030	0.0379	-0.031	0.002	-0.000
37.00	0.09	0.07	0.12	-0.51	323	521	59.8%	-0.053	0.0612	-0.047	0.003	-0.000
37.50	0.16	0.10	0.22	-0.78	40	152	60.2%	-0.095	0.0960	-0.075	0.005	-0.000
38.00	0.20	0.16	0.22	-0.88	9	233	53.7%	-0.130	0.1340	-0.083	0.006	-0.000
38.50	0.29	0.26	0.34	-1.08	1	165	53.3%	-0.211	0.1844	-0.112	0.008	-0.000
39.00	0.45	0.41	0.50	-1.35	39	349	52.9%	-0.316	0.2286	-0.137	0.010	-0.001
39.50	0.65	0.56	0.68	-1.65	66	35	50.0%	-0.436	0.2680	-0.143	0.012	-0.001
40.00	0.78	0.82	0.95	-1.73	2	103	50.3%	-0.570	0.2657	-0.142	0.012	-0.001
40.50	2.91	1.10	1.25	0.00	3	738	54.2%	-0.681	0.2241	-0.139	0.010	-0.002
41.00	1.55	1.48	1.78	-1.91	39	57	56.3%	-0.773	0.1825	-0.121	0.009	-0.002
41.50	2.85	1.37	2.45	-1.00	1	88	93.0%	-0.728	0.1215	-0.223	0.010	-0.002
42.00	2.51	1.80	3.10	-1.82	12	26	57.2%	-0.904	0.1015	-0.067	0.005	-0.002
42.50	3.65	2.30	3.75	0.00	2	29	74.2%	-0.887	0.0881	-0.100	0.006	-0.002
43.00	5.45	2.80	4.20	0.00	8	6	79.3%	-0.908	0.0710	-0.092	0.005	-0.002
43.50	3.65	3.20	4.10	-0.98	1	2	99.0%	-0.886	0.0662	-0.135	0.006	-0.002
44.00	6.43	3.85	4.85	0.00	1	3	68.0%	-0.978	0.0263	-0.021	0.002	-0.002
45.00	6.60	4.80	6.00	-0.83	18	8	91.4%	-0.965	0.0286	-0.046	0.002	-0.002
46.00	5.64	5.85	7.00	0.00	1	1	108.6%	-0.963	0.0252	-0.059	0.002	-0.002
47.00	9.50	6.80	8.85	0.00	5	2	177.3%	-0.888	0.0364	-0.242	0.006	-0.002
50.00	12.33	9.65	11.85	0.00	2	0	208.2%	-0.922	0.0239	-0.218	0.004	-0.003

How to Read the Chain

Use this market-close chain snapshot to compare liquidity, pricing, IV, and per-contract greeks across the active expiration.

How to scan it

Start with strike, bid/ask spread, open interest, and volume. Then use IV and greeks to decide whether a contract fits your directional, income, or volatility idea.

What matters first

Clean fills matter before a contract looks mathematically attractive. A thin market can erase the edge you think you found.

What can mislead you

Low premium, high IV, or one convenient delta do not make a trade by themselves. Check how far the strike sits from spot, expected move, and the event calendar.

Greeks are close-of-day estimates, and blank greek cells usually mean usable implied volatility was unavailable for that contract.