LUV Options History — June 2019

In June 2019, LUV traded between $47.52 and $52.27. ATM implied volatility averaged 26.5%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 0.9% (HV 20d: 27.4%). Max pain ranged from $50.00 to $52.50. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.95.

Notable Days

  • 2019-06-13: Highest Volume — 8,787 contracts
  • 2019-06-24: Largest IV spike — 13.4% change
  • 2019-06-26: Highest IV Rank — 43.3%
  • 2019-06-03: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.76$47.52$52.27$47.52$50.83
Max Pain$51.52$50.00$52.50$52.50$51.00
ATM IV26.5%23.0%30.6%29.1%30.0%
Expected Move7.2%6.5%8.5%8.5%6.6%
HV 20d27.4%18.0%30.6%27.4%18.0%
HV 60d23.8%21.8%25.1%23.8%21.8%
IV Rank27.3%14.0%43.3%37.3%40.8%
IV Percentile45.2%22.2%74.2%62.7%69.0%
Term Structure1.4%-1.6%7.0%-0.5%-0.5%
VWIV25.1%23.0%29.5%29.5%23.1%
Skew 25d2.9%2.3%3.9%3.7%2.9%
Skew 10d5.9%1.4%12.6%1.4%5.7%
Call IV 25d25.6%22.7%30.0%27.5%29.7%
Put IV 25d28.5%25.3%32.8%31.2%32.6%
Bid-Ask Spread %13.637.8924.3910.3711.36
Gamma HHI0.220.130.300.250.17
Net GEX-6.1M-11.7M-1.0M-9.5M-3.4M
Net DEX50.9M-26.9M208.1M208.1M22.1M
Net VEX-1.0M-1.2M-969.3K-1.0M-987.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.382.910.890.88
Total Volume5,167.753,4718,7873,9183,471
Total OI160,016.75111,228179,758167,941120,913

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-06-03$47.52$52.5029.1%8.5%27.4%37.3%29.5%3.7%-0.5%-9.5M208.1M-1.0M0.8910.372,0731,84571,36296,579
2019-06-04$48.81$52.5027.3%8.0%29.8%30.3%27.5%3.9%-0.0%-11.7M166.0M-1.1M0.7010.532,2971,60272,318101,050
2019-06-05$50.16$52.5026.3%7.8%30.6%26.7%25.7%3.1%0.4%-9.9M88.5M-1.2M0.4713.614,0521,89573,038100,583
2019-06-06$50.01$50.0026.3%7.6%30.3%26.5%26.6%3.5%1.1%-10.2M101.5M-1.2M0.7712.152,4811,90374,593100,834
2019-06-07$50.40$50.0025.3%7.4%30.5%22.8%25.7%2.5%0.4%-9.2M80.2M-1.1M0.899.643,0952,75474,922101,379
2019-06-10$50.44$50.0025.8%7.6%30.5%24.9%26.3%2.9%0.5%-10.5M81.3M-1.1M1.2012.582,3202,78973,321100,463
2019-06-11$50.61$50.0025.1%7.4%28.3%22.1%25.8%3.0%0.8%-10.4M71.7M-1.1M0.3815.405,5592,13074,780100,217
2019-06-12$50.83$50.0024.8%7.4%27.8%20.9%26.4%2.7%0.9%-9.2M57.1M-1.1M0.8913.792,3182,05775,79799,909
2019-06-13$52.27$50.0024.6%7.1%29.5%20.0%24.8%2.4%0.1%-1.2M-26.9M-1.1M0.889.484,6664,12176,116100,057
2019-06-14$51.92$52.5024.1%6.9%29.3%18.1%24.1%3.1%-0.1%-3.0M-7.0M-1.1M2.177.892,0724,50077,01797,108
2019-06-17$51.31$52.5024.4%7.0%29.5%19.2%25.3%2.5%5.1%-7.9M30.4M-1.0M2.9112.259822,86275,10996,276
2019-06-18$51.68$52.5024.1%6.9%29.6%18.1%24.6%2.9%5.7%-5.0M10.3M-1.0M0.4812.082,6111,25875,60098,591
2019-06-19$51.59$52.5023.0%6.6%28.0%14.0%23.8%2.6%6.2%-4.9M15.9M-996.7K0.9415.371,8291,71276,70398,793
2019-06-20$51.57$52.5024.2%6.6%27.5%18.5%24.2%2.8%6.3%-2.2M17.5M-970.4K1.3512.712,8943,90677,24499,157
2019-06-21$51.50$52.5025.2%6.5%25.1%22.6%23.9%2.5%7.0%-1.0M20.6M-982.9K0.9611.923,6223,48578,538101,220
2019-06-24$51.20$52.5028.6%6.7%25.2%35.7%23.2%2.4%-1.1%-2.9M15.2M-975.2K0.4120.912,9431,20247,14264,086
2019-06-25$51.05$51.5029.8%6.9%23.6%40.2%24.5%2.3%-1.0%-2.7M16.6M-981.2K0.8720.202,1281,84149,58964,974
2019-06-26$50.77$51.5030.6%6.9%23.4%43.3%24.1%3.1%-1.4%-3.4M23.6M-969.3K0.4115.963,8241,56750,47665,738
2019-06-27$50.75$51.5030.6%6.7%23.4%43.2%23.0%2.8%-1.6%-3.7M24.6M-986.1K0.5724.392,9911,69852,35066,393
2019-06-28$50.83$51.0030.0%6.6%18.0%40.8%23.1%2.9%-0.5%-3.4M22.1M-987.8K0.8811.361,8441,62753,89567,018