LUV Options History — June 2015

In June 2015, LUV traded between $33.20 and $37.90. ATM implied volatility averaged 32.0%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 4.1% (HV 20d: 36.1%). Max pain ranged from $38.00 to $40.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.64.

Notable Days

  • 2015-06-18: Highest Volume — 62,192 contracts
  • 2015-06-29: Largest IV spike — 15.6% change
  • 2015-06-29: Highest IV Rank — 37.6%
  • 2015-06-01: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.08$33.20$37.90$37.90$33.20
Max Pain$39.18$38.00$40.00$40.00$38.00
ATM IV32.0%29.3%36.4%32.8%34.7%
Expected Move9.0%7.8%9.8%9.8%9.6%
HV 20d36.1%24.1%45.9%45.9%24.3%
HV 60d35.2%34.3%35.9%35.6%34.3%
IV Rank27.9%21.0%37.6%31.2%33.7%
IV Percentile62.2%41.7%86.1%69.4%79.0%
Term Structure0.3%-2.9%4.7%-0.9%-0.0%
VWIV31.2%27.1%34.8%34.1%32.6%
Skew 25d2.2%0.3%4.8%0.3%2.2%
Skew 10d4.0%-1.5%7.6%3.3%4.4%
Call IV 25d31.5%27.6%34.7%33.1%34.7%
Put IV 25d33.6%30.6%37.6%33.3%36.9%
Bid-Ask Spread %24.5018.1645.5123.1224.73
Gamma HHI0.120.080.220.120.14
Net GEX438.0K-4.1M4.4M-2.3M2.3M
Net DEX114.5M-4.9M230.8M11.0M104.1M
Net VEX-1.2M-1.4M-990.1K-1.4M-991.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.171.790.310.53
Total Volume24,687.18211,63162,19244,07911,631
Total OI300,187.136242,676346,494271,648266,088

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-06-01$37.90$40.0032.8%9.8%45.9%31.2%34.1%0.3%-0.9%-2.3M11.0M-1.4M0.3123.1233,62910,450156,698114,950
2015-06-02$37.82$40.0031.6%9.4%45.7%28.6%33.2%2.0%-1.0%126.2K-4.9M-1.4M0.1721.7818,2853,141174,605114,172
2015-06-03$37.73$40.0031.7%9.6%44.6%28.7%33.7%1.4%-0.5%665.9K-133.6K-1.4M0.3721.3215,8775,924181,479115,535
2015-06-04$37.21$40.0032.4%9.1%44.6%30.2%32.2%1.7%-0.3%-390.8K31.0M-1.4M0.6921.658,9416,180191,601116,184
2015-06-05$37.19$40.0029.6%8.6%42.5%23.9%30.0%0.7%1.8%-1.9M52.7M-1.3M0.9745.518,9588,649192,862117,067
2015-06-08$36.08$40.0031.4%9.1%41.5%27.9%31.1%1.9%0.3%-3.8M100.6M-1.2M1.7925.319,37616,755181,193111,236
2015-06-09$34.62$40.0035.3%9.7%43.0%35.1%33.4%2.4%-2.9%-4.1M187.6M-1.1M0.2925.8539,07011,224183,448121,232
2015-06-10$34.38$39.0031.7%9.2%43.0%26.6%32.4%1.1%0.9%-782.8K182.9M-1.1M0.3325.0325,2308,228206,632124,068
2015-06-11$34.70$39.0032.4%9.0%43.2%28.2%31.5%2.7%-2.3%-54.2K171.5M-1.1M0.6426.9312,3637,924215,435124,642
2015-06-12$35.02$39.0030.5%8.9%42.4%23.9%27.1%0.9%0.2%1.3M149.7M-1.2M0.8926.5119,42017,224218,064125,280
2015-06-15$34.24$40.0033.5%9.5%42.7%30.8%32.7%1.8%1.4%-900.6K213.1M-1.1M0.3325.8218,7296,192200,867131,863
2015-06-16$33.94$39.0032.2%9.2%42.2%27.9%32.9%1.6%3.3%-24.0K228.8M-1.1M0.6125.7711,6947,145211,567132,808
2015-06-17$33.84$39.0031.8%9.1%41.7%26.9%31.3%1.8%2.7%542.4K222.3M-1.1M0.5425.358,2994,509215,574129,864
2015-06-18$33.81$39.0030.4%8.4%27.1%23.5%31.0%2.4%4.7%623.9K230.8M-1.0M1.7922.1322,27139,921215,724129,490
2015-06-19$34.20$39.0029.9%8.2%27.6%22.4%29.1%3.5%3.2%1.5M208.8M-1.0M0.8418.1614,75012,345219,139127,355
2015-06-22$34.83$39.0029.3%7.8%28.7%21.0%27.8%4.8%-0.3%1.7M59.6M-1.1M0.6520.1110,8897,066154,55188,125
2015-06-23$34.58$39.0030.8%8.4%27.0%24.6%28.2%3.9%-0.4%2.1M70.6M-1.1M0.3822.2118,0006,798158,63089,145
2015-06-24$34.39$39.0032.3%8.3%24.3%28.1%29.5%1.6%-1.1%3.2M70.3M-1.1M0.3421.3110,0023,389168,41690,263
2015-06-25$34.51$38.0032.2%8.2%24.4%27.8%27.9%3.0%1.0%4.4M59.5M-1.1M0.5322.068,0684,295172,42990,532
2015-06-26$34.32$38.0031.5%8.2%24.1%26.1%30.0%2.6%-0.7%3.1M65.5M-1.1M0.7022.517,4965,281174,08691,561
2015-06-29$33.22$38.0036.4%9.8%24.2%37.6%34.8%3.2%-2.3%2.4M104.0M-990.1K0.3825.7412,6394,861169,67889,979
2015-06-30$33.20$38.0034.7%9.6%24.3%33.7%32.6%2.2%-0.0%2.3M104.1M-991.1K0.5324.737,5834,048175,19490,894