Southwest Airlines (LUV), which has been under pressure since Monday when the company said it was canceling flights to inspect carcks in fuselage on 737 planes, loses another 20 cents to $11.95. Shares are now down 5.7 percent on the week and one investor today sells 7700 May 11 calls at $1.10 each. 10000 now traded and looks opening, as open interest is only 45 contracts.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.