Weekly options by stock · LUV
Southwest Airlines (LUV) Weekly Options
Last LUV trade alerted Sep 7, 2023
Yes, Southwest Airlines (LUV) has weekly options. They trade on US exchanges and expire every Friday the market is open, except the third Friday of each month, when monthly options expire. When a Friday is a market holiday, that week’s options typically expire on the prior trading day. Below is our fully documented track record on LUV, and how its weekly options work.
Our documented LUV track record
Every LUV trade we have published, wins and losses alike. “Potential gain” is the move from our published entry to exit; individual results vary. We have published 3 LUV trades, too few to quote a win rate from, so the trades are shown instead. Past performance does not guarantee future results.
Documented LUV trade stories
A closer look at recent LUV weekly options trades we published and tracked, with the chart from the time of the trade. Wins and losses alike.
112% Potential Profit on a LUV Weekly Put Option
Southwest Airlines (LUV) · published Sep 7, 2023
LUV Sep 29 2023 $30.00 PUTS
We publish and track this weekly options trade idea as a model position, tracked on paper rather than as a live trade of Weekly Options USA. Figures are the potential profit or loss on the published parameters; results vary from trader to trader. Past performance does not guarantee future results. General information, not personal advice.
See every LUV trade, wins and losses, inside membership →90% Potential Profit on a LUV Weekly Put Option
Southwest Airlines (LUV) · published Jan 4, 2023
LUV Jan 20 2023 $32.00 PUTS
We publish and track this weekly options trade idea as a model position, tracked on paper rather than as a live trade of Weekly Options USA. Figures are the potential profit or loss on the published parameters; results vary from trader to trader. Past performance does not guarantee future results. General information, not personal advice.
See every LUV trade, wins and losses, inside membership →Recent LUV weekly options trades
| Date | Contract | Priced from | Exit | Potential profit |
|---|---|---|---|---|
| Sep 7, 2023 | LUV Sep 29 2023 $30.00 PUTS | $0.93 | $1.97 | +112% |
| Jan 4, 2023 | LUV Jan 20 2023 $32.00 PUTS | $0.58 | $1.1 | +90% |
| Oct 20, 2022 | LUV Nov 04 2022 $33.00 CALLS | $1.27 | $4.75 | +274% |
Our LUV weekly options trading history
We have published documented LUV weekly options trades from Oct 20, 2022 to Sep 7, 2023. Across 3 closed trades, 1 used call options and 2 used put options. Our best documented LUV result was a potential gain of +274% on LUV NOV 04 2022 33.000 CALL in Oct 20, 2022. Every one of these, wins and losses, is shown above and on our full track record. Past performance does not guarantee future results.
What our LUV record shows
We have published 3 documented LUV positions, across 2 years, from 2022 to 2023, 1 using calls and 2 using puts. The median LUV result is +112%, above the +83% median across our whole record. The range runs from +90% to +274%. None of them closed at a loss, which is unusual and is not a forecast.
How weekly options work on LUV
LUV has come up a handful of times in our research, across 3 closed positions. We have traded it in both directions, which is only possible where both sides of the chain are liquid enough to enter and exit. Weekly contracts decay faster than monthlies, so on a name like this the entry, the exit and the stop matter more than the direction alone.
Our published LUV ideas carry an entry, an exit target and a stop, and the reasoning behind the trade, so the logic is on the page rather than implied.
LUV weekly options: common questions
Does Southwest Airlines (LUV) have weekly options?
Yes. Southwest Airlines (LUV) has weekly options listed on US exchanges. New contracts are added regularly and expire every Friday the market is open, except the third Friday of each month, when monthly options expire. When a Friday is a market holiday, that week's options typically expire on the prior trading day.
When do LUV weekly options expire?
LUV weekly options expire at the close of trading, 4:00 pm Eastern, every Friday the market is open, except the third Friday of each month, when monthly options expire. When a Friday is a market holiday, that week's options typically expire on the prior trading day.
What is Weekly Options USA's track record on LUV?
We have published 3 closed LUV weekly options trade ideas, listed below with the contract, the entry and the exit. That is too small a sample to quote a win rate from. Every trade we publish, on any stock, is on our public track record. Past performance does not guarantee future results.
What are the best weekly options to trade on LUV?
There is no single best contract. The right choice depends on your position size, timeframe and risk tolerance.
Experienced traders start with liquidity, looking at the daily volume and open interest of the specific option contract, not the stock itself. A lightly traded strike can be difficult to exit at a fair price, even if the trade idea is right.
Next comes the bid-ask spread. A wide spread adds cost both when entering and exiting the position.
Then there is time to expiry. Time decay becomes increasingly important as a weekly option approaches expiration, particularly in the final days.
Finally, there needs to be a reason for the stock to move within that timeframe. Earnings, a product announcement or a significant technical level may provide a catalyst. Without one, the option can lose time value while the stock goes nowhere.
How do I trade weekly options on LUV?
Weekly options on LUV are traded through any US options brokerage, in the same account you would use for shares. Most brokers ask you to apply for options approval first. This is general information, not personal advice; you make your own decisions.
Other stocks we have documented trades on
The full list is on weekly options by stock.
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Weekly Options USA is a publisher of general trading research and education, not a registered investment adviser or broker-dealer. Everything we publish is general information only, never personal advice or a recommendation tailored to you, and you make your own trading decisions. Options trading carries substantial risk, including leverage, volatility, and the loss of your entire investment, and is not suitable for everyone. We guarantee no profit, accuracy or outcome. Past performance, including any results shown on this site, does not guarantee future results. Only trade with money you can afford to lose.