The carrier also announced that it will be Boeing’s first customer for the 7 series of Boeing’s future 737 MAX plane in 2019. This is in addition to the purchase of 10 pre-owned 737-700s airplanes to be delivered in 2014 and 2015, as well as making changes to other existing orders.
With all this activity, we saw the share get hit with a surge of bullish options movement but investors will continue eyeing the $15 level, which has evaded Southwest since 2008.
My Trade: Buy the June LUV 15 Calls for $0.20
Risk: $20 Per 1 Lot
Reward: Theoretically unlimited
Break-even: $15.20
Greeks of This Trade
Delta: Long
Gamma: Long
Theta: Short
Vega: Long