LUV Options History — May 2019

In May 2019, LUV traded between $47.56 and $54.05. ATM implied volatility averaged 24.7%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 4.1% (HV 20d: 20.7%). Max pain ranged from $52.50 to $53.00. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.00.

Notable Days

  • 2019-05-30: Highest Volume — 23,391 contracts
  • 2019-05-23: Largest IV spike — 16.9% change
  • 2019-05-31: Highest IV Rank — 36.7%
  • 2019-05-31: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.87$47.56$54.05$54.05$47.56
Max Pain$52.57$52.50$53.00$53.00$52.50
ATM IV24.7%21.9%28.9%22.4%28.9%
Expected Move7.1%6.3%8.6%6.6%8.6%
HV 20d20.7%16.3%27.5%16.3%27.5%
HV 60d24.0%22.8%25.8%24.4%24.0%
IV Rank20.6%9.8%36.7%11.5%36.7%
IV Percentile34.4%8.7%60.7%13.1%60.7%
Term Structure0.0%-0.9%0.9%0.5%-0.4%
VWIV25.1%22.4%29.1%22.9%29.1%
Skew 25d3.0%1.6%4.9%2.3%3.8%
Skew 10d4.9%-2.8%8.1%3.5%-2.8%
Call IV 25d23.6%21.3%27.5%21.4%27.5%
Put IV 25d26.6%23.2%31.3%23.6%31.3%
Bid-Ask Spread %11.537.8322.4815.2310.22
Gamma HHI0.190.100.380.140.25
Net GEX-2.6M-10.4M5.1M5.1M-9.4M
Net DEX25.8M-79.8M220.1M-79.8M220.1M
Net VEX-1.1M-1.3M-1.1M-1.2M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.384.060.531.11
Total Volume7,743.3643,22323,3913,6626,894
Total OI154,568.5140,623173,914141,119173,914

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$54.05$53.0022.4%6.6%16.3%11.5%22.9%2.3%0.5%5.1M-79.8M-1.2M0.5315.232,4011,26171,76869,351
2019-05-02$53.60$53.0022.6%6.8%16.7%12.4%23.2%1.6%0.4%4.2M-61.1M-1.2M1.0411.843,0733,19272,27869,475
2019-05-03$53.72$53.0021.9%6.4%16.7%9.8%22.4%1.7%0.7%4.8M-64.6M-1.2M0.4611.795,5892,55172,89470,536
2019-05-06$53.47$52.5023.0%6.8%16.7%13.9%24.0%2.9%0.5%3.2M-47.1M-1.1M0.559.392,0841,13971,88768,736
2019-05-07$52.08$52.5026.5%7.4%17.3%27.4%27.2%4.9%-0.5%-74.5K5.3M-1.1M1.8118.895,1809,39772,50969,053
2019-05-08$52.64$52.5025.4%7.3%17.7%23.2%26.6%3.1%-0.9%1.2M-16.1M-1.2M4.069.382,92511,87474,45673,395
2019-05-09$52.47$52.5025.9%7.4%17.3%25.0%25.9%3.5%-0.1%-4.2M25.1M-1.3M0.559.222,2921,25075,11593,652
2019-05-10$52.59$52.5024.5%7.0%17.1%19.8%26.1%2.7%-0.4%-4.3M11.0M-1.2M1.2212.791,9202,34575,55393,683
2019-05-13$50.91$52.5027.2%8.0%20.5%30.1%27.1%2.7%0.8%-8.6M93.3M-1.2M0.949.162,1532,01472,33092,047
2019-05-14$51.69$52.5024.9%7.1%20.9%21.3%25.4%2.7%0.1%-5.6M37.7M-1.1M0.608.827,1114,28373,67483,443
2019-05-15$52.07$52.5023.7%6.7%20.7%16.5%23.5%3.3%-0.3%-4.4M19.4M-1.2M0.567.832,1041,17975,85985,586
2019-05-16$52.64$52.5022.4%6.5%21.1%11.7%23.2%2.6%0.5%-1.1M-11.3M-1.1M1.127.952,8083,14976,30185,922
2019-05-17$52.34$52.5022.7%6.6%20.8%12.9%23.2%3.2%0.3%436.4K5.1M-1.1M0.718.802,8201,99376,82387,648
2019-05-20$52.07$52.5024.3%7.0%20.6%18.9%24.0%2.8%-0.2%-2.2M12.2M-1.1M0.6222.482,6411,63467,15376,424
2019-05-21$53.41$52.5022.1%6.3%21.5%10.5%22.8%3.2%0.9%2.4M-47.2M-1.1M0.3810.802,54196669,18376,489
2019-05-22$52.56$52.5023.0%6.6%22.2%14.1%23.4%2.7%0.4%-20.7K-12.6M-1.1M0.6214.372,3111,43870,31376,731
2019-05-23$50.97$52.5026.9%7.7%24.4%29.1%26.7%3.6%-0.5%-4.1M57.0M-1.1M2.2811.355,40112,33071,01776,683
2019-05-24$51.23$52.5025.6%7.3%24.5%23.8%25.1%2.5%-0.3%-5.4M59.2M-1.1M0.3812.975,5932,12673,18687,520
2019-05-28$50.02$52.5026.0%7.5%24.9%25.4%26.5%2.9%0.0%-8.6M105.3M-1.1M0.429.734,5861,90770,30785,686
2019-05-29$49.58$52.5027.3%7.8%24.6%30.6%26.7%3.4%-0.9%-9.4M123.3M-1.1M0.989.314,2934,21571,61387,082
2019-05-30$49.44$52.5026.9%7.7%24.6%29.0%26.4%3.6%-0.1%-10.4M132.3M-1.1M1.1311.3110,98412,40773,47989,753
2019-05-31$47.56$52.5028.9%8.6%27.5%36.7%29.1%3.8%-0.4%-9.4M220.1M-1.1M1.1110.223,2663,62874,30399,611