LUV Options History — October 2018

In October 2018, LUV traded between $47.22 and $61.71. ATM implied volatility averaged 30.9%, placing in the 70.9% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 4.0% (HV 20d: 26.9%). Max pain ranged from $51.50 to $62.50. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 1.11.

Notable Days

2018-10-25: Highest Volume — 36,554 contracts
2018-10-10: Largest IV spike — 13.4% change
2018-10-29: Highest IV Rank — 99.5%
2018-10-29: Largest Expected Move — 11.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$56.82	$47.22	$61.71	$61.62	$49.34
Max Pain	$59.20	$51.50	$62.50	$60.00	$51.50
ATM IV	30.9%	26.5%	35.6%	26.6%	29.6%
Expected Move	8.9%	6.2%	11.2%	6.3%	9.4%
HV 20d	26.9%	20.2%	47.6%	22.2%	47.6%
HV 60d	27.1%	20.8%	33.0%	26.3%	33.0%
IV Rank	70.9%	43.5%	99.5%	44.4%	62.7%
IV Percentile	81.7%	57.1%	99.6%	57.5%	73.4%
Term Structure	-0.7%	-2.2%	3.5%	-0.2%	0.2%
VWIV	30.7%	21.9%	38.3%	21.9%	33.0%
Skew 25d	3.3%	1.8%	5.1%	2.1%	5.1%
Skew 10d	7.4%	4.2%	11.1%	4.4%	9.3%
Call IV 25d	29.9%	25.4%	34.8%	25.4%	28.4%
Put IV 25d	33.2%	27.6%	39.2%	27.6%	33.5%
Bid-Ask Spread %	17.27	9.34	34.38	12.63	16.17
Gamma HHI	0.15	0.09	0.24	0.20	0.09
Net GEX	5.5M	-3.5M	15.1M	15.1M	2.2M
Net DEX	-85.0M	-289.9M	90.1M	-289.9M	43.4M
Net VEX	-1.1M	-1.3M	-850.2K	-1.2M	-928.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.11	0.38	2.60	0.55	0.54
Total Volume	11,773.696	6,318	36,554	7,100	14,227
Total OI	172,230.913	142,919	195,271	166,871	169,072

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-10-01	$61.62	$60.00	26.6%	6.3%	22.2%	44.4%	21.9%	2.1%	-0.2%	15.1M	-289.9M	-1.2M	0.55	12.63	4,595	2,505	109,948	56,923
2018-10-02	$61.22	$60.00	27.4%	6.4%	22.1%	49.3%	22.1%	1.8%	-0.6%	14.9M	-272.7M	-1.2M	1.02	15.44	4,293	4,366	110,914	57,484
2018-10-03	$61.71	$60.00	26.5%	6.2%	22.1%	43.5%	22.1%	1.9%	-0.3%	13.9M	-288.5M	-1.2M	1.63	19.90	4,165	6,780	111,893	59,982
2018-10-04	$61.47	$62.50	27.6%	7.6%	21.9%	50.1%	26.7%	2.7%	-0.4%	11.2M	-266.4M	-1.3M	0.82	18.84	4,520	3,701	112,802	63,788
2018-10-05	$60.94	$62.50	27.6%	7.9%	21.6%	50.4%	27.1%	2.1%	-0.7%	10.3M	-230.5M	-1.3M	1.41	14.02	3,353	4,717	112,375	64,251
2018-10-08	$60.66	$62.50	28.1%	8.0%	21.0%	53.1%	26.7%	2.3%	-0.1%	11.5M	-220.9M	-1.2M	0.69	14.87	4,026	2,798	108,823	63,935
2018-10-09	$59.59	$62.50	30.0%	8.2%	21.5%	65.1%	28.4%	2.8%	-1.3%	10.2M	-155.6M	-1.2M	0.95	19.32	5,217	4,940	108,410	64,403
2018-10-10	$57.30	$62.50	34.0%	9.3%	23.4%	89.7%	31.6%	3.6%	-1.4%	3.8M	-20.8M	-1.2M	0.89	15.66	5,452	4,846	109,264	73,208
2018-10-11	$57.51	$60.00	35.6%	9.7%	22.0%	99.2%	33.0%	4.5%	-2.2%	3.5M	-25.6M	-1.2M	0.38	20.77	8,528	3,257	109,796	74,845
2018-10-12	$57.34	$60.00	34.2%	9.4%	22.0%	90.8%	33.2%	3.8%	-1.6%	4.0M	-17.8M	-1.2M	0.40	12.81	7,521	3,040	114,732	75,275
2018-10-15	$57.94	$60.00	32.4%	9.1%	21.9%	79.7%	30.8%	3.3%	-1.4%	4.8M	-41.0M	-1.2M	0.81	17.42	3,490	2,828	112,095	73,945
2018-10-16	$58.80	$60.00	29.4%	8.4%	22.9%	61.5%	30.3%	3.1%	-1.2%	6.4M	-74.5M	-1.2M	2.60	15.52	3,678	9,576	112,513	74,114
2018-10-17	$59.11	$60.00	29.0%	8.3%	22.9%	58.8%	28.4%	3.1%	-0.7%	5.2M	-94.7M	-1.2M	0.48	14.59	6,532	3,158	113,390	78,940
2018-10-18	$57.92	$60.00	31.1%	9.0%	23.5%	72.0%	28.8%	3.3%	-1.4%	1.5M	-15.8M	-1.1M	1.12	17.96	4,118	4,607	116,149	79,122
2018-10-19	$58.07	$60.00	30.9%	9.0%	22.1%	70.9%	30.3%	3.0%	-1.6%	-3.5M	-30.0M	-1.1M	2.59	16.87	3,613	9,375	116,258	77,104
2018-10-22	$57.86	$60.00	31.2%	9.5%	20.2%	72.5%	31.5%	3.2%	-1.1%	3.7M	-110.7M	-1.1M	2.10	13.79	2,518	5,292	85,551	57,368
2018-10-23	$57.26	$60.00	33.0%	10.5%	20.3%	83.6%	37.0%	5.1%	-1.2%	3.3M	-96.1M	-1.1M	1.87	13.51	2,703	5,066	86,169	59,380
2018-10-24	$55.65	$60.00	34.4%	10.7%	21.5%	91.8%	36.4%	4.5%	-1.2%	2.3M	-52.7M	-1.1M	2.12	15.70	2,782	5,891	87,344	60,047
2018-10-25	$49.82	$57.50	32.8%	10.0%	42.4%	82.2%	35.2%	3.4%	-0.3%	-479.5K	85.7M	-880.3K	0.41	15.44	25,923	10,631	88,547	61,651
2018-10-26	$49.55	$54.50	32.9%	10.3%	42.4%	82.9%	36.8%	4.8%	-0.6%	629.8K	73.9M	-960.4K	0.81	32.31	9,254	7,478	101,005	63,962
2018-10-29	$47.22	$54.00	35.6%	11.2%	44.4%	99.5%	38.3%	2.3%	3.5%	349.1K	90.1M	-850.2K	0.58	34.38	13,161	7,636	97,626	59,986
2018-10-30	$48.92	$51.50	31.8%	10.2%	47.6%	76.3%	36.4%	4.1%	0.1%	1.7M	55.3M	-914.4K	0.72	9.34	8,492	6,146	102,860	64,062
2018-10-31	$49.34	$51.50	29.6%	9.4%	47.6%	62.7%	33.0%	5.1%	0.2%	2.2M	43.4M	-928.6K	0.54	16.17	9,261	4,966	104,067	65,005