Southwest Airlines Co. LUV: New Options Trading for January 2026 Expiration.

Southwest Airlines Co's January 2026 options have begun trading, with a put contract at $33.00 having a current bid of 50 cents and a call contract at $38.00 having a current bid of 30 cents. Investors can sell-to-open these contracts to purchase the stock at the strike price while collecting the premium, reducing their cost basis. The put contract has a 67% chance of expiring worthless, while the call contract has a potential return of 7.68% if the stock gets called away at the January 2026 expiration.