LUV Options History — July 2019

In July 2019, LUV traded between $51.49 and $55.17. ATM implied volatility averaged 26.2%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 11.4% (HV 20d: 14.8%). Max pain ranged from $50.00 to $52.50. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.82.

Notable Days

  • 2019-07-25: Highest Volume — 15,391 contracts
  • 2019-07-25: Largest IV drop — 17.9% change
  • 2019-07-01: Highest IV Rank — 35.6%
  • 2019-07-24: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.60$51.49$55.17$51.49$51.95
Max Pain$52.20$50.00$52.50$51.00$52.50
ATM IV26.2%21.6%28.6%28.6%22.2%
Expected Move7.2%5.6%8.3%5.9%6.3%
HV 20d14.8%9.6%21.1%18.2%21.1%
HV 60d21.8%21.1%23.1%22.0%23.1%
IV Rank26.4%8.5%35.6%35.6%10.8%
IV Percentile42.1%7.9%58.3%58.3%11.9%
Term Structure-0.8%-1.3%-0.2%-1.0%-0.3%
VWIV25.2%19.1%29.0%20.7%22.4%
Skew 25d2.6%1.5%3.8%3.8%2.7%
Skew 10d5.4%3.1%8.2%7.9%5.7%
Call IV 25d25.3%20.6%27.4%26.7%21.4%
Put IV 25d27.9%22.9%30.5%30.5%24.0%
Bid-Ask Spread %17.816.6836.3336.3311.77
Gamma HHI0.120.090.160.160.10
Net GEX1.5M-2.2M5.9M-2.2M-798.2K
Net DEX-32.0M-106.7M6.6M-211.9K6.6M
Net VEX-918.2K-964.3K-868.1K-963.9K-868.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.421.240.630.88
Total Volume5,593.1822,53415,3913,6196,374
Total OI120,394.818110,121131,176118,603115,933

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-07-01$51.49$51.0028.6%5.9%18.2%35.6%20.7%3.8%-1.0%-2.2M-211.9K-963.9K0.6336.332,2241,39552,78265,821
2019-07-02$51.55$51.0028.1%5.6%16.1%33.4%19.4%3.1%-0.6%-1.6M-4.3M-964.3K0.579.302,3421,34654,18366,704
2019-07-03$51.91$51.5027.4%5.6%13.4%31.0%19.1%2.8%-1.3%32.3K-18.2M-963.7K0.5528.892,3461,28755,68366,008
2019-07-05$51.97$50.0027.6%7.5%13.3%31.7%26.4%3.3%-1.3%1.0M-20.2M-951.3K0.8315.711,7291,43555,83866,006
2019-07-08$51.92$52.5027.7%7.6%13.1%32.1%27.9%3.2%-0.6%-861.0K-14.9M-928.8K0.6224.421,7711,09454,55665,432
2019-07-09$51.67$52.5028.0%7.6%13.3%33.4%27.9%2.3%-1.0%-1.4M-9.7M-931.6K0.7223.211,4731,06155,62266,276
2019-07-10$51.84$52.5027.5%7.7%13.3%31.3%27.1%2.8%-0.7%-580.9K-15.2M-929.1K1.2411.621,7632,19055,90266,482
2019-07-11$51.85$52.5027.1%7.5%13.3%29.9%27.1%2.0%-1.2%-6.5K-16.1M-915.4K0.5611.503,5591,98356,36465,538
2019-07-12$52.53$52.5026.4%7.4%9.9%26.9%25.8%1.5%-1.0%5.6M-42.2M-911.4K0.4213.223,3711,40758,31966,400
2019-07-15$52.38$52.5026.8%7.6%9.6%28.5%26.4%2.6%-0.6%2.0M-32.8M-894.4K0.9524.261,9351,84357,40265,913
2019-07-16$53.42$52.5027.6%7.9%10.7%31.7%27.1%2.8%-1.0%4.7M-65.4M-916.4K0.666.684,7723,12858,47667,065
2019-07-17$52.45$52.5027.9%8.0%12.7%32.7%28.3%2.6%-1.0%3.0M-34.0M-915.9K0.9225.122,7902,56160,47668,637
2019-07-18$52.39$52.5027.4%7.9%12.7%30.8%27.9%2.2%-0.8%3.4M-31.1M-919.1K0.7511.513,0732,29260,85869,464
2019-07-19$52.16$52.5027.3%7.8%12.8%30.4%27.6%2.3%-0.5%1.8M-25.0M-915.1K1.2212.573,5644,34861,45669,720
2019-07-22$52.73$52.5027.5%8.1%13.3%31.2%28.2%2.1%-1.0%2.0M-35.4M-918.5K0.4719.052,1221,00356,84553,276
2019-07-23$54.14$52.5027.3%8.2%15.8%30.4%28.8%2.8%-0.5%3.5M-74.5M-924.1K0.6811.133,0052,04258,17253,830
2019-07-24$54.91$52.5027.1%8.3%16.1%29.8%29.0%2.5%-0.8%4.0M-91.0M-923.0K1.0914.894,4904,90558,29154,267
2019-07-25$55.17$52.5022.3%6.3%15.7%11.1%21.4%2.6%-0.2%5.9M-106.7M-896.2K1.0613.127,4857,90659,99557,715
2019-07-26$53.43$52.5021.6%6.1%20.3%8.5%21.8%1.8%-0.3%4.1M-47.5M-887.8K0.9631.495,1844,98860,67859,467
2019-07-29$52.84$52.5022.1%6.3%20.9%10.6%22.0%2.0%-0.6%260.2K-17.2M-882.8K1.2124.622,1732,62754,83957,550
2019-07-30$52.52$52.5021.9%6.3%20.6%9.7%22.2%3.7%-0.8%22.3K-9.5M-879.7K0.9911.292,3462,31856,18858,257
2019-07-31$51.95$52.5022.2%6.3%21.1%10.8%22.4%2.7%-0.3%-798.2K6.6M-868.1K0.8811.773,3952,97957,03258,901