LUV Put Write: Love Premium Before Dividend Drops
LUV trades at 47.78 after outpacing transportation peers this year. Airline shares rebound from Middle East conflict selloff.
Here is the put write: SELL -1 LUV 02 Apr 26 44.0 PUT Contract @1.34 LMT
Stock closes above 44 on expiration. Keep the 1.34 premium.
Stock closes below 44 on expiration. Keep premium. Get assigned 100 shares at 44. Cost basis hits 42.66.
Trade stats: Win Rate: 100.0. Number of trades: 2. IV: 51.28. Delta: -0.27. Theta: -0.06. Max Return Pct: 3.05. Div Date: 2026-03-12. Div Amount: 0.18. Div Yield: 1.51.
Option expires 21 days before dividend on 2026-03-12.
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