LUV Options History — January 2019

In January 2019, LUV traded between $45.77 and $57.49. ATM implied volatility averaged 32.6%, placing in the 50.8% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 1.3% (HV 20d: 33.8%). Max pain ranged from $47.50 to $55.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.96.

Notable Days

  • 2019-01-24: Highest Volume — 22,859 contracts
  • 2019-01-24: Largest IV drop — 21.9% change
  • 2019-01-03: Highest IV Rank — 81.8%
  • 2019-01-03: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.94$45.77$57.49$46.97$56.60
Max Pain$48.90$47.50$55.00$52.50$55.00
ATM IV32.6%23.8%40.6%39.1%23.8%
Expected Move9.3%6.8%11.4%10.0%6.8%
HV 20d33.8%31.1%36.1%31.9%33.9%
HV 60d35.0%29.8%37.6%36.1%29.9%
IV Rank50.8%17.0%81.8%76.1%17.2%
IV Percentile74.4%27.0%98.4%98.0%28.2%
Term Structure-1.0%-2.4%0.5%-1.5%0.5%
VWIV32.6%24.4%38.9%34.4%24.4%
Skew 25d3.5%2.7%5.1%4.3%3.0%
Skew 10d9.0%4.1%22.6%9.9%6.0%
Call IV 25d31.3%22.7%39.6%37.6%22.9%
Put IV 25d34.9%25.7%43.3%41.9%25.9%
Bid-Ask Spread %15.2510.1128.3028.3010.43
Gamma HHI0.160.090.410.150.39
Net GEX900.8K-4.6M6.9M-633.6K-4.6M
Net DEX1.5M-88.9M98.4M80.6M-59.7M
Net VEX-658.9K-955.0K-564.7K-593.3K-955.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.472.060.492.06
Total Volume8,011.6193,03422,8595,3888,511
Total OI131,63066,048160,652151,923117,107

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$46.97$52.5039.1%10.0%31.9%76.1%34.4%4.3%-1.5%-633.6K80.6M-593.3K0.4928.303,6211,76796,45255,471
2019-01-03$45.77$47.5040.6%11.4%31.4%81.8%38.9%3.7%-1.8%-1.2M98.4M-564.7K0.5223.713,9702,07797,89955,684
2019-01-04$47.78$47.5038.9%10.6%36.1%75.0%36.3%5.0%-1.5%946.4K50.3M-640.9K0.5025.164,6492,31299,29656,337
2019-01-07$48.15$47.5038.2%10.7%35.3%72.5%36.5%4.5%-0.6%376.8K55.1M-605.4K1.0217.611,5001,53498,04455,521
2019-01-08$47.57$47.5038.1%10.5%32.8%72.1%36.7%3.4%-1.5%-494.1K66.1M-596.5K0.7717.473,0872,38299,81957,524
2019-01-09$49.00$47.5036.5%10.0%34.9%66.1%35.9%3.4%-1.7%1.9M29.9M-638.8K0.8219.133,0682,502100,84357,832
2019-01-10$49.01$47.5036.2%9.9%34.9%64.9%35.6%3.4%-2.0%1.7M32.3M-619.6K1.0014.862,9912,986101,24757,262
2019-01-11$48.58$47.5033.9%9.6%34.9%55.9%34.7%3.3%-0.4%1.1M42.6M-586.6K0.9610.782,2162,119102,04657,697
2019-01-14$48.73$47.5035.5%10.1%34.6%61.9%34.1%4.4%-2.4%897.2K42.3M-578.3K1.4111.321,8932,667100,56255,617
2019-01-15$49.59$47.5033.6%9.6%35.2%54.8%33.9%3.7%-1.5%2.1M24.4M-598.8K1.1015.401,8061,978101,55656,813
2019-01-16$49.92$47.5033.0%9.5%34.8%52.4%33.2%2.7%-1.4%3.1M12.8M-603.8K0.4714.124,0591,920102,05657,348
2019-01-17$50.49$47.5033.0%9.6%34.9%52.6%33.6%2.8%-1.5%3.4M-7.9M-601.2K0.6714.183,0032,012102,66757,472
2019-01-18$51.40$47.5030.1%8.7%34.4%41.3%31.4%3.5%-1.2%1.2M-27.8M-599.7K0.6210.143,8202,381102,63858,014
2019-01-22$50.40$47.5035.0%10.7%32.3%60.2%38.1%5.1%-1.3%1.0M-8.2M-588.1K0.7813.742,9412,28938,57827,470
2019-01-23$50.91$50.0033.4%10.2%31.1%54.1%35.9%3.5%-1.6%1.1M-12.7M-605.4K1.2212.446,7228,19939,66129,441
2019-01-24$54.39$50.0026.1%7.6%35.2%25.9%27.7%2.9%-0.6%3.7M-73.4M-670.5K0.6114.9214,2168,64344,77135,712
2019-01-25$54.99$50.0024.8%7.3%33.1%20.8%26.2%2.8%-0.3%6.9M-88.9M-689.0K0.5213.7313,6097,13947,69137,833
2019-01-28$55.52$50.0025.2%7.6%32.9%22.5%26.5%3.4%0.2%3.5M-82.8M-717.9K2.0112.211,2702,55745,70935,167
2019-01-29$56.41$50.0024.9%7.3%32.9%21.2%25.8%2.8%-0.4%-4.6M-54.1M-868.7K1.0010.116,1706,19346,76860,368
2019-01-30$57.49$52.0023.8%7.0%32.6%17.0%25.2%2.9%0.4%-2.5M-86.8M-915.2K1.5410.414,5206,94549,42164,816
2019-01-31$56.60$55.0023.8%6.8%33.9%17.2%24.4%3.0%0.5%-4.6M-59.7M-955.0K2.0610.432,7775,73450,57366,534