LUV Options History — August 2019

In August 2019, LUV traded between $48.28 and $52.25. ATM implied volatility averaged 26.4%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 0.9% (HV 20d: 25.5%). Max pain ranged from $52.50 to $52.50. Net GEX was positive for 5 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.72.

Notable Days

  • 2019-08-01: Highest Volume — 9,055 contracts
  • 2019-08-23: Largest IV spike — 17.0% change
  • 2019-08-05: Highest IV Rank — 40.9%
  • 2019-08-14: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.39$48.28$52.25$50.91$52.25
Max Pain$52.50$52.50$52.50$52.50$52.50
ATM IV26.4%23.4%30.0%24.8%24.9%
Expected Move7.6%6.7%8.7%7.5%7.1%
HV 20d25.5%22.1%28.8%22.1%24.9%
HV 60d22.6%20.5%24.0%22.9%20.5%
IV Rank25.1%12.4%40.9%21.1%17.1%
IV Percentile44.5%20.6%73.8%34.5%28.6%
Term Structure0.1%-1.1%1.3%-1.1%0.2%
VWIV26.6%23.6%29.5%25.7%24.6%
Skew 25d3.7%2.4%5.0%4.2%3.2%
Skew 10d6.8%-4.5%10.8%8.6%5.3%
Call IV 25d25.0%22.1%28.1%23.3%23.2%
Put IV 25d28.7%25.0%32.4%27.6%26.5%
Bid-Ask Spread %10.987.1314.9411.2010.34
Gamma HHI0.110.090.170.110.11
Net GEX-1.4M-4.4M3.4M-2.4M3.4M
Net DEX28.3M-39.4M85.7M37.4M-39.4M
Net VEX-936.6K-979.1K-864.3K-864.3K-958.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.291.560.890.82
Total Volume3,898.6361,0949,0559,0556,526
Total OI126,398.091117,054131,268117,054131,268

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-08-01$50.91$52.5024.8%7.5%22.1%21.1%25.7%4.2%-1.1%-2.4M37.4M-864.3K0.8911.204,7814,27457,40759,647
2019-08-02$50.75$52.5026.0%7.5%22.1%25.4%26.4%2.8%-0.4%-2.0M36.3M-890.4K1.5314.941,9412,97559,79460,933
2019-08-05$49.00$52.5030.0%8.2%25.2%40.9%29.5%4.6%-0.7%-2.9M67.6M-873.2K1.5612.812,3143,61557,25560,001
2019-08-06$49.66$52.5028.3%7.8%25.8%34.5%26.9%3.4%-0.1%-2.9M55.7M-895.2K0.6311.023,9362,46058,28662,135
2019-08-07$50.03$52.5027.5%8.1%26.0%31.2%28.6%4.4%1.2%-2.4M43.6M-958.9K0.628.732,9331,82160,49763,855
2019-08-08$50.58$52.5025.8%7.5%26.4%24.6%26.0%3.8%0.0%-1.9M30.5M-973.6K0.477.351,42566362,40265,019
2019-08-09$50.69$52.5025.1%7.4%25.9%21.9%25.1%5.0%-0.3%-1.7M25.6M-969.6K0.828.061,3531,10962,93965,164
2019-08-12$49.99$52.5026.6%7.8%26.2%25.8%27.3%4.6%0.7%-2.7M44.8M-941.5K0.5712.051,7931,02461,61564,365
2019-08-13$49.91$52.5025.3%7.2%24.9%19.8%25.3%3.1%-0.0%-3.1M45.6M-936.0K0.497.131,76386562,46664,828
2019-08-14$48.73$52.5029.2%8.7%25.4%35.5%29.4%3.7%1.3%-3.7M73.7M-918.3K1.139.252,2582,56263,61165,009
2019-08-15$48.28$52.5029.2%8.5%25.5%35.3%28.8%3.3%0.6%-4.4M85.7M-908.9K0.849.4178666464,61566,077
2019-08-16$49.82$52.5025.8%7.4%28.4%21.8%25.8%4.0%-0.0%-4.4M49.0M-938.6K1.078.732,9243,14364,81066,072
2019-08-19$50.66$52.5023.8%6.9%28.8%13.9%23.9%3.1%0.3%-1.6M22.8M-940.2K0.3012.822,35569660,06164,161
2019-08-20$50.26$52.5024.0%6.9%26.9%14.7%24.3%3.3%0.6%-1.5M28.0M-941.6K0.9514.131,6041,52961,41264,571
2019-08-21$50.60$52.5023.4%6.7%26.3%12.4%23.6%2.9%0.3%-428.6K15.4M-943.5K0.5012.551,29765362,43965,292
2019-08-22$51.26$52.5024.5%7.0%26.9%16.6%24.2%3.9%-0.4%718.7K-4.3M-963.7K0.2912.553,38098362,89865,480
2019-08-23$50.70$52.5028.7%8.3%24.9%33.3%28.9%4.1%-0.5%899.3K11.3M-979.1K0.3012.493,04390264,70565,762
2019-08-26$50.48$52.5028.0%8.1%24.7%30.4%28.8%2.4%-0.5%-878.7K16.5M-954.5K0.4212.2576832662,79064,362
2019-08-27$50.58$52.5027.8%8.0%24.7%29.7%27.3%4.0%0.3%-720.3K15.0M-950.9K0.3511.521,28444463,41564,743
2019-08-28$51.16$52.5027.3%7.8%24.9%27.6%29.0%3.5%0.2%570.8K-1.6M-956.1K0.6210.381,7071,06563,74765,017
2019-08-29$52.25$52.5025.3%7.0%24.9%19.5%24.9%3.6%0.2%3.1M-35.8M-948.5K0.6511.872,3231,50364,64965,184
2019-08-30$52.25$52.5024.9%7.1%24.9%17.1%24.6%3.2%0.2%3.4M-39.4M-958.0K0.8210.343,5872,93965,74065,528