For Speculative Accounts Only: LUV 1/27/17 $50 Puts. Trade activity was double yesterday of open interest.
Airlines are the most sensitive to the price of Crude Oil for Jet Fuel. By 1/27/17, Thanksgiving and Christmas sales (the most profitable time for the airlines, Black Friday Sales had poor comparisons) should be baked into the stock. Earlier than the next Fed move. Also, consumer durables are in dire straits. Just listen to the radio, TV, or internet banner ads for automotive leases and sales.