SOUTHWEST AIRLINES CO (LUV) Options Risk Score
Real-time risk analysis for LUV options traders — updated every 30 minutes.
Data last updated: 2026-09-06
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Is it risky to sell options on SOUTHWEST AIRLINES CO (LUV) right now?
Over a 4-week expiry window, SOUTHWEST AIRLINES CO (LUV) scores 56 out of 100 for options catalyst risk (MEDIUM). What pushes it there: an upcoming earnings report, 6 recent news items and 10 active legal filings, all landing inside the 4-week window. On TickerRisk's scale 45 to 69 is MEDIUM, meaning something in the 4-week window is worth checking before committing to an expiry. The score measures scheduled event exposure, not the direction LUV will move.
LUV shows an IV Rank of 49, putting implied volatility in the middle of its one-year range — options are moderately priced, with a current implied volatility of about 54%. IV Rank answers how LUV options are priced against their own history, which is the starting point for choosing between selling and buying premium.
The 2026-10-21 earnings report sits inside a standard monthly expiry for LUV, so implied volatility should stay bid into the date and drop sharply once it passes.
SOUTHWEST AIRLINES CO (LUV) current implied volatility and IV Rank
The most recent read on SOUTHWEST AIRLINES CO (LUV) puts its IV Rank at 49 with implied volatility around 54%, alongside a TickerRisk options-risk score of 56/100. LUV's options are priced near the middle of their own yearly range — unremarkable volatility, so the trade has to stand on its own thesis rather than on rich or cheap premium.
IV Rank is an index, not a percentage — it says where LUV's implied volatility sits inside its own 1-year range. How to read IV Rank →
SOUTHWEST AIRLINES CO (LUV) next earnings date — 2026-10-21
The next LUV report lands on 2026-10-21 — about 45 days away — inside the window a typical monthly option would span. LUV's IV Rank is currently 49. That matters more than any other single date on the calendar: the stock can gap overnight on the print, and any premium you collect now is partly payment for carrying that gap. Sellers who want the volatility crush without the gap generally choose an expiry that ends before the report.
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