LUV Options History — April 2019

In April 2019, LUV traded between $51.74 and $54.23. ATM implied volatility averaged 29.7%, placing in the 39.9% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 6.4% (HV 20d: 23.4%). Max pain ranged from $52.50 to $53.50. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.25.

Notable Days

  • 2019-04-25: Highest Volume — 21,915 contracts
  • 2019-04-25: Largest IV drop — 19.3% change
  • 2019-04-01: Highest IV Rank — 50.3%
  • 2019-04-22: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.84$51.74$54.23$52.56$54.23
Max Pain$52.62$52.50$53.50$52.50$53.00
ATM IV29.7%22.7%32.4%32.4%22.7%
Expected Move8.4%6.6%9.5%8.7%6.7%
HV 20d23.4%16.3%26.6%26.4%16.3%
HV 60d27.7%24.7%30.5%30.5%24.7%
IV Rank39.9%12.7%50.3%50.3%12.7%
IV Percentile66.0%16.7%81.3%80.2%16.7%
Term Structure-1.0%-2.4%0.3%-1.4%0.2%
VWIV29.7%23.7%32.7%30.4%23.7%
Skew 25d1.9%0.8%4.0%1.7%1.5%
Skew 10d5.9%2.3%17.5%4.0%3.6%
Call IV 25d29.3%21.8%32.0%32.0%21.8%
Put IV 25d31.2%23.3%33.8%33.8%23.3%
Bid-Ask Spread %16.0310.0321.5717.2913.46
Gamma HHI0.110.080.200.100.14
Net GEX-327.6K-6.7M4.7M-1.3M4.7M
Net DEX12.2M-84.2M85.2M34.2M-84.2M
Net VEX-1.2M-1.3M-1.1M-1.3M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.322.560.360.48
Total Volume10,168.194,25521,91513,2325,305
Total OI182,930.286126,669212,808191,865139,092

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$52.56$52.5032.4%8.7%26.4%50.3%30.4%1.7%-1.4%-1.3M34.2M-1.3M0.3617.299,7173,51598,09493,771
2019-04-02$52.69$52.5031.6%8.5%26.4%46.9%30.7%1.3%-0.7%669.5K21.1M-1.3M0.7110.456,3334,492103,97494,348
2019-04-03$52.86$52.5031.5%8.5%26.3%46.8%30.0%1.5%-1.2%1.5M15.8M-1.3M0.5516.219,4265,163107,63594,889
2019-04-04$53.00$52.5031.5%8.6%25.6%46.6%29.8%1.6%-1.2%-30.7K16.3M-1.3M0.7517.353,2072,416108,74897,800
2019-04-05$53.26$52.5030.7%8.5%25.2%43.8%29.8%1.9%-1.1%4.2M-2.0M-1.3M0.9510.034,3974,196109,76498,510
2019-04-08$52.05$52.5031.4%8.6%26.6%46.1%30.3%3.0%-0.8%-3.4M78.3M-1.2M0.8415.609,2617,822105,94195,030
2019-04-09$52.05$52.5031.2%8.5%25.1%45.5%30.5%4.0%-1.1%-3.7M79.4M-1.3M2.2321.572,3965,334109,80199,789
2019-04-10$52.68$52.5031.7%8.6%25.4%47.4%30.2%2.7%-1.6%-1.9M42.6M-1.3M2.3912.182,6006,219110,678100,886
2019-04-11$53.02$52.5031.2%8.5%25.2%45.4%30.3%2.5%-1.7%-1.1M20.3M-1.3M2.5620.802,4386,242111,084101,115
2019-04-12$53.11$52.5030.0%8.3%25.2%41.1%29.4%2.0%-1.8%-238.2K17.3M-1.2M2.2421.112,1274,765111,326101,482
2019-04-15$52.36$52.5030.8%8.7%25.6%44.0%30.6%2.1%-0.8%-2.8M64.7M-1.2M2.2615.971,3052,950108,81096,557
2019-04-16$52.88$52.5031.8%9.0%25.4%47.7%31.7%1.4%-0.8%-2.8M43.8M-1.2M0.3215.225,4081,718109,20698,567
2019-04-17$52.86$52.5031.9%9.2%24.5%48.4%32.3%1.4%-0.7%-2.6M40.0M-1.2M0.7915.912,9432,316111,42099,267
2019-04-18$52.26$52.5030.7%8.9%23.8%43.8%31.6%1.5%-1.0%-6.7M85.2M-1.1M1.8019.304,7528,545112,49999,691
2019-04-22$51.74$52.5031.6%9.5%21.4%47.2%32.5%2.5%-2.4%-850.0K3.9M-1.1M0.9514.543,9983,81062,48966,133
2019-04-23$52.73$52.5030.7%9.1%21.2%43.5%32.3%1.1%-1.5%252.0K-24.7M-1.1M2.1513.232,9596,37463,76967,771
2019-04-24$52.90$52.5030.3%9.3%21.1%42.0%32.7%2.3%-1.4%166.8K-31.6M-1.1M1.2215.105,8857,19664,94270,565
2019-04-25$53.40$52.5024.4%7.4%18.9%19.5%26.0%2.3%-0.4%3.6M-60.8M-1.1M0.9215.9811,42410,49168,54973,453
2019-04-26$53.09$53.5023.5%7.0%19.1%16.1%24.5%0.8%-0.7%2.3M-45.2M-1.1M0.9821.353,5863,52369,74477,678
2019-04-29$53.86$53.5022.7%6.6%16.4%12.9%23.8%1.8%0.3%3.0M-58.2M-1.1M0.8413.929,2437,73562,82263,847
2019-04-30$54.23$53.0022.7%6.7%16.3%12.7%23.7%1.5%0.2%4.7M-84.2M-1.1M0.4813.463,5791,72669,99769,095