LUV Options History — August 2018

In August 2018, LUV traded between $56.69 and $61.74. ATM implied volatility averaged 20.8%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 10.2% (HV 20d: 31.0%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 0.99.

Notable Days

  • 2018-08-03: Highest Volume — 25,259 contracts
  • 2018-08-15: Largest IV spike — 8.5% change
  • 2018-08-15: Highest IV Rank — 18.3%
  • 2018-08-01: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.67$56.69$61.74$56.73$61.33
Max Pain$55.00$55.00$55.00$55.00$55.00
ATM IV20.8%19.4%22.7%22.7%20.6%
Expected Move6.0%5.7%6.8%6.8%5.8%
HV 20d31.0%17.0%37.8%36.4%17.6%
HV 60d25.7%24.6%26.7%26.7%24.8%
IV Rank8.1%0.0%18.3%17.4%7.9%
IV Percentile4.7%0.0%14.3%14.3%6.7%
Term Structure0.3%-0.6%1.2%-0.6%0.6%
VWIV21.7%20.2%24.5%23.4%20.2%
Skew 25d1.8%1.1%2.6%2.4%1.7%
Skew 10d3.9%2.2%5.9%5.9%3.1%
Call IV 25d20.3%18.8%21.6%21.6%19.9%
Put IV 25d22.1%20.4%24.1%24.1%21.6%
Bid-Ask Spread %14.359.1727.0720.1715.25
Gamma HHI0.220.110.320.110.23
Net GEX14.1M3.7M19.1M7.7M19.1M
Net DEX-312.3M-397.9M-153.1M-181.7M-393.1M
Net VEX-1.4M-1.5M-1.3M-1.3M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.211.571.571.09
Total Volume11,555.876,70025,25913,5408,261
Total OI198,587.696167,238214,162167,238207,201

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$56.73$55.0022.7%6.8%36.4%17.4%23.4%2.4%-0.6%7.7M-181.7M-1.3M1.5720.175,2678,273100,32366,915
2018-08-02$56.69$55.0021.5%6.3%36.5%10.0%22.4%1.9%-0.2%3.7M-153.1M-1.3M0.9012.985,6825,098101,95182,169
2018-08-03$57.43$55.0020.9%6.0%36.2%6.1%21.1%2.1%-0.3%5.1M-191.8M-1.3M0.2116.1820,9354,324102,39482,346
2018-08-06$57.82$55.0020.5%6.0%36.2%3.5%21.4%2.1%0.3%9.9M-229.8M-1.4M1.5210.453,8185,803114,36279,263
2018-08-07$58.14$55.0020.2%5.9%36.1%1.5%23.3%1.8%0.5%10.7M-250.1M-1.4M1.509.175,2697,894115,44779,538
2018-08-08$58.90$55.0019.4%5.8%35.7%0.0%21.0%1.9%0.6%12.2M-286.4M-1.4M0.719.895,5503,968116,27379,997
2018-08-09$59.10$55.0019.5%5.8%35.8%0.6%22.1%1.7%0.8%13.0M-296.4M-1.4M0.959.753,9923,790117,77379,971
2018-08-10$58.92$55.0020.0%6.0%35.9%4.0%21.2%1.9%1.2%13.4M-287.7M-1.5M0.3814.3810,7934,050118,63980,314
2018-08-13$58.88$55.0020.6%6.0%35.9%7.4%21.7%2.0%0.5%13.2M-282.5M-1.5M1.2810.522,9333,767121,44179,079
2018-08-14$59.11$55.0020.6%6.0%35.9%7.6%21.6%1.8%0.2%13.6M-302.0M-1.4M0.8411.295,7094,790121,96779,746
2018-08-15$60.28$55.0022.4%6.4%36.2%18.3%24.5%2.6%0.2%13.7M-352.6M-1.5M0.5618.029,2625,162122,41879,788
2018-08-16$59.55$55.0021.2%6.0%36.6%11.0%21.6%1.9%-0.3%16.5M-326.4M-1.5M0.8810.677,3976,506129,09981,643
2018-08-17$59.69$55.0020.4%5.8%36.5%6.2%21.2%2.4%-0.2%17.9M-321.2M-1.5M1.0111.175,3775,457130,40383,759
2018-08-20$61.74$55.0021.4%6.1%37.8%12.6%21.6%1.5%0.0%15.3M-397.9M-1.4M0.4214.8712,5025,312124,22373,219
2018-08-21$61.17$55.0021.7%6.2%35.3%14.4%21.7%1.8%0.5%16.9M-372.0M-1.5M0.7121.027,2705,191125,57273,929
2018-08-22$60.59$55.0021.2%6.1%35.9%11.2%21.7%1.4%1.0%16.5M-342.9M-1.5M1.1627.074,6755,407126,65474,794
2018-08-23$61.03$55.0021.2%6.0%22.3%11.1%22.0%1.8%0.9%17.1M-366.4M-1.5M1.3116.193,6794,806127,33175,457
2018-08-24$60.94$55.0020.8%5.9%20.3%8.9%20.6%1.1%0.9%17.3M-370.2M-1.4M0.9417.255,0224,706127,90875,648
2018-08-27$60.83$55.0020.4%5.8%19.9%6.1%20.8%1.9%0.7%16.4M-350.3M-1.4M1.3014.063,3964,400125,49874,344
2018-08-28$61.51$55.0020.6%5.9%20.1%7.4%21.6%1.5%0.3%17.5M-393.8M-1.3M1.1212.524,7355,316125,78374,630
2018-08-29$61.39$55.0020.4%5.7%17.0%6.2%21.5%1.3%-0.3%18.1M-381.1M-1.4M1.1110.825,6616,295127,10275,165
2018-08-30$60.71$55.0020.6%5.8%17.8%7.8%20.4%1.4%0.3%18.4M-354.3M-1.4M1.2116.363,7494,536129,13076,911
2018-08-31$61.33$55.0020.6%5.8%17.6%7.9%20.2%1.7%0.6%19.1M-393.1M-1.4M1.0915.253,9484,313129,55777,644