LUV $39.62 balanced levels as of 2026-09-04 · 16:28 ET (after hours)

$LUV

Southwest Airlines Co · Airlines · $19.4B

▲ +0.89   (+2.30%)
Snapshot $39.62 · · 2026-09-04 · 16:28 ET (after hours)

The Levels

Put Wall $35 held 2 sessions
Gamma Flip $40 +0.1% from flip — on the edge
Call Wall $45 active wall
spot $39.62

Regime balanced · no clear edge from positioning.

Each wall is the strike carrying the heaviest open interest within 15% of price, call above as resistance, put below as support, pooled across all listed expirations. It is a structural positioning level, not a single expiry pin. Max pain is tracked separately.

The Read

$LUV is in long gamma at heat 22, which keeps moves muted as dealers pin the stock. The $55 call wall has been untested yesterday, while the $47.5 put wall is also untested. Spot stands 32.2% above its $38.48 gamma flip, so any push lower faces a strong test from the put side.

Where the market is positioned


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Ask Nĩr about $LUV.

Free. No login. Real dealer positioning on $LUV, scored over a year of outcomes.

IV percentile · 1y 10 · premium quiet Put / call · OI · all expiries 0.61 · calls-heavy

Plays at the Walls

Covered Call

$42 · Oct 2 · 30Δ

$0.75 premium  ·  25%/yr annualized

Cash-Secured Put

$38 · Sep 25 · 29Δ

$0.66 premium  ·  32%/yr annualized

Not investment advice · Informational only


How our calls on $LUV have played out

Over the last 21 sessions · n=28

28 Walls Called
9 Held 100% 5 pinned · 4 rejected
0 Broke 0%
19 Untested

$40 put wall

held 9 sessions running


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Scored Levels


Implied vs Measured


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