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Southwest Airlines, a prominent player in the Passenger Airlines industry, traded approximately 29,557 contracts, which represented roughly 3.0 million shares or 42.3% of its average daily volume of 7.0 million shares over the past month, according to InvestingPro data. The $25.50 strike put option due in October 2023 was particularly active as indicated by LUV’s trailing twelve-month trading history. The airline’s market cap stands at 15.78B USD, with a P/E ratio of 26.91. Despite trading near its 52-week low, the company holds more cash than debt on its balance sheet, and its strong earnings should allow management to continue dividend payments, as per InvestingPro Tips.
JPMorgan Chase’s options volume reached 36,682 contracts, equivalent to about 3.7 million shares or 41.2% of its average daily volume of 8.9 million shares over the past month. Notably, the $150 strike call option for October 2023 was significantly active.
Zoom Video Communications saw options volume at 12,462 contracts, accounting for approximately 1.2 million shares or 40.6% of its average daily volume of 3.1 million shares over the past month. The $80 strike call option due in October 2023 saw substantial activity.
For more information on these options, interested parties are advised to consult resources such as Today’s Most Active Call & Put Options of the S&P 500, Smart Investing, Stocks Analysts Like But Hedge Funds Are Selling, EVOL Average Annual Return, and U.S. Bancorp Historical Earnings on StockOptionsChannel.com.
For those seeking more detailed insights, InvestingPro offers additional tips and real-time metrics. To access these, one can visit InvestingPro’s pricing page where they offer a myriad of tips, including the 10 related to Southwest Airlines mentioned earlier.
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