LUV Options History — June 2018

In June 2018, LUV traded between $50.46 and $53.04. ATM implied volatility averaged 25.6%, placing in the 36.2% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 4.3% (HV 20d: 21.3%). Max pain ranged from $50.00 to $52.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.69.

Notable Days

  • 2018-06-21: Highest Volume — 47,587 contracts
  • 2018-06-25: Largest IV spike — 16.8% change
  • 2018-06-27: Highest IV Rank — 81.8%
  • 2018-06-27: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.41$50.46$53.04$50.94$51.19
Max Pain$50.62$50.00$52.00$52.00$51.00
ATM IV25.6%22.6%32.8%24.2%32.6%
Expected Move7.0%6.5%7.6%7.1%7.2%
HV 20d21.3%16.3%24.8%24.6%17.1%
HV 60d25.6%21.8%27.5%27.4%21.9%
IV Rank36.2%16.7%81.8%26.9%80.7%
IV Percentile43.3%15.9%94.4%40.9%93.7%
Term Structure1.3%-1.3%6.5%-0.9%-1.3%
VWIV24.4%23.0%26.5%24.8%24.8%
Skew 25d1.9%1.0%2.7%1.9%2.6%
Skew 10d3.8%2.7%6.0%2.9%4.4%
Call IV 25d25.2%21.8%32.4%24.0%31.7%
Put IV 25d27.1%23.3%34.5%25.9%34.3%
Bid-Ask Spread %17.146.6229.6715.9718.05
Gamma HHI0.140.100.240.240.10
Net GEX9.9M-3.7M19.9M-3.7M4.9M
Net DEX-51.6M-178.7M43.5M43.5M-51.7M
Net VEX-1.6M-1.7M-1.4M-1.4M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.141.420.790.73
Total Volume19,186.199,58747,58711,97914,384
Total OI248,579.762191,675309,196270,141229,461

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-06-01$50.94$52.0024.2%7.1%24.6%26.9%24.8%1.9%-0.9%-3.7M43.5M-1.4M0.7915.976,6825,297175,51894,623
2018-06-04$51.64$50.0023.6%6.8%24.8%23.1%24.3%2.0%0.5%10.4M-16.7M-1.4M0.6515.416,9454,493171,36490,270
2018-06-05$50.89$50.0023.2%7.0%24.6%20.8%24.5%1.9%0.4%9.3M29.3M-1.4M0.846.626,6655,567172,80790,608
2018-06-06$50.76$50.0023.1%7.0%24.4%20.2%24.6%2.3%0.3%9.4M25.9M-1.4M0.5911.6911,0306,542175,82892,354
2018-06-07$50.67$50.0023.0%7.0%23.9%19.3%24.2%2.1%-0.0%8.7M33.3M-1.4M0.7127.7011,6918,256181,29392,565
2018-06-08$50.46$50.0022.6%6.8%23.6%16.7%23.2%1.5%0.5%10.9M33.1M-1.4M1.1013.066,3136,922183,72794,561
2018-06-11$51.10$50.0023.4%6.8%23.8%22.2%23.6%1.8%0.5%12.0M-20.4M-1.4M0.2912.5324,4067,090180,30388,607
2018-06-12$50.95$50.0023.5%6.8%23.8%22.7%23.7%1.1%-0.1%14.9M-31.7M-1.6M0.3922.3013,4845,255197,35992,864
2018-06-13$51.50$50.0022.9%6.5%23.7%18.6%23.3%1.5%-0.0%16.3M-91.9M-1.6M0.5413.4710,6925,754204,35493,902
2018-06-14$52.03$50.0022.9%6.5%21.7%19.1%23.0%1.0%-0.4%16.4M-141.3M-1.6M0.5416.3915,5898,421207,76794,320
2018-06-15$52.30$50.0022.8%6.5%21.6%18.0%23.4%1.4%0.1%16.8M-178.7M-1.6M0.4829.6717,9128,562212,30596,891
2018-06-18$52.33$50.0022.8%6.5%21.5%18.2%23.3%2.7%6.1%14.0M-128.9M-1.6M0.7813.7811,2028,689122,01869,657
2018-06-19$51.80$50.0024.1%6.9%21.8%26.5%24.4%2.6%5.8%12.0M-93.8M-1.6M0.6916.199,5406,586127,17675,616
2018-06-20$51.96$51.0023.1%6.6%19.3%19.9%23.7%1.8%6.5%13.4M-103.8M-1.6M1.2117.285,2176,290129,26179,805
2018-06-21$53.04$51.0025.4%7.0%19.9%34.6%24.2%1.7%5.9%16.5M-176.0M-1.7M0.1424.8541,8215,766129,80780,653
2018-06-22$52.14$52.0026.7%7.0%19.7%42.7%24.8%1.7%6.2%19.9M-119.0M-1.7M0.4127.9817,3767,065139,09482,623
2018-06-25$51.27$52.0031.1%7.6%18.2%71.1%26.5%2.4%-0.6%5.9M-51.8M-1.7M1.4217.098,78612,463126,30680,924
2018-06-26$51.21$51.5031.8%7.4%16.3%75.1%25.8%2.6%-1.3%2.6M-38.9M-1.7M0.8414.415,2204,367128,74289,652
2018-06-27$50.57$51.5032.8%7.6%16.8%81.8%26.3%2.2%-0.9%-2.6M8.0M-1.6M0.3712.6210,4803,883130,59390,747
2018-06-28$50.76$51.0032.8%7.3%16.8%81.4%25.9%2.1%-0.8%-1.2M-11.5M-1.6M1.0713.009,76210,445132,61891,232
2018-06-29$51.19$51.0032.6%7.2%17.1%80.7%24.8%2.6%-1.3%4.9M-51.7M-1.7M0.7318.058,2946,090136,85792,604