Options trading on airline stocks gets a fresh angle when Spirit Airlines disappears and its passengers have to fly somewhere. Southwest Airlines is the natural beneficiary, and a short put at the 40 strike is a clean synthetic covered call option strategy with high IV rank and defined buying power. This live trade walkthrough covers strike selection, delta exposure, probability of success, and why you might want the 37.50 put instead if the stock keeps moving lower. Under $800 in buying power, nearly $3 in daily theta decay, and a bullish thesis backed by a real market catalyst. Helpful links: tastylive: tastylive.com FREE tasytlive Newsletters: info.tastylive.com/newsletters FREE Options Strategy Guide: tinyurl.com/bp9ms763 Follow tastylive on X (Twitter): x.com/tastyliveshow 00:00 Market Outlook - Is This Resilient Rally Running Out of Steam? 00:33 Why Southwest Airlines After Spirit Goes Away 00:56 Trade Setup: Selling the 40 Put on LUV With...