LUV Options History — June 2021

In June 2021, LUV traded between $52.83 and $61.57. ATM implied volatility averaged 30.1%, placing in the 5.2% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 5.0% (HV 20d: 25.1%). Max pain ranged from $47.50 to $57.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.49.

Notable Days

  • 2021-06-29: Highest Volume — 48,565 contracts
  • 2021-06-03: Largest IV spike — 7.5% change
  • 2021-06-29: Highest IV Rank — 14.7%
  • 2021-06-03: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.72$52.83$61.57$61.57$53.10
Max Pain$56.30$47.50$57.50$47.50$54.00
ATM IV30.1%27.1%34.3%30.8%33.8%
Expected Move8.2%7.6%9.0%8.4%8.3%
HV 20d25.1%19.9%32.6%30.2%21.0%
HV 60d26.6%23.8%30.4%30.4%23.8%
IV Rank5.2%0.0%14.7%4.3%13.6%
IV Percentile5.8%0.0%18.3%3.2%17.5%
Term Structure0.9%-2.1%4.0%-1.5%-0.3%
VWIV29.3%27.0%31.5%29.7%29.4%
Skew 25d2.2%0.5%7.1%2.2%0.8%
Skew 10d5.6%0.1%15.4%4.4%2.9%
Call IV 25d30.2%27.6%34.3%29.8%34.2%
Put IV 25d32.4%28.5%39.8%32.0%35.0%
Bid-Ask Spread %14.462.5665.303.718.90
Gamma HHI0.120.070.160.120.07
Net GEX6.2M-2.6M15.9M14.7M5.7M
Net DEX-233.7M-507.0M-44.7M-507.0M-80.6M
Net VEX-2.1M-2.4M-2.0M-2.0M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.270.860.530.27
Total Volume30,382.81814,46248,56517,34944,586
Total OI323,614.818272,979384,801290,434338,264

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-06-01$61.57$47.5030.8%8.4%30.2%4.3%29.7%2.2%-1.5%14.7M-507.0M-2.0M0.533.7111,3446,005177,700112,734
2021-06-02$60.95$50.0028.7%8.2%28.4%0.6%29.1%2.4%1.4%13.5M-467.1M-2.0M0.704.098,4955,967182,076116,798
2021-06-03$58.25$57.5030.9%9.0%32.5%4.6%31.5%3.3%-0.2%6.4M-291.0M-2.0M0.4723.7821,85410,206184,527119,305
2021-06-04$58.51$57.5029.3%8.6%32.6%1.6%29.8%2.7%-2.1%5.8M-319.1M-2.0M0.4122.4220,8088,538195,286124,904
2021-06-07$58.10$57.5029.8%8.7%31.8%2.5%30.6%0.5%0.3%10.3M-317.8M-2.0M0.433.3916,2777,006193,316120,289
2021-06-08$58.94$57.5029.6%8.5%32.4%2.3%29.9%7.1%0.3%15.9M-382.9M-2.0M0.4065.3018,7777,591201,761124,781
2021-06-09$58.32$57.5029.7%8.7%30.6%2.4%31.3%1.0%0.7%13.6M-334.2M-2.1M0.403.9113,8255,566207,720129,066
2021-06-10$57.66$57.5028.4%8.2%29.7%0.0%29.6%1.5%0.6%9.0M-286.8M-2.0M0.613.6113,4278,135212,940131,523
2021-06-11$57.61$57.5027.1%7.9%27.0%0.0%29.1%0.9%0.6%4.1M-270.2M-2.0M0.549.4917,0899,275217,088134,786
2021-06-14$57.09$57.5027.7%8.0%23.6%1.3%28.7%1.7%2.6%6.5M-250.8M-2.0M0.343.6433,64711,556208,852129,178
2021-06-15$57.12$57.5027.9%8.0%23.6%1.5%28.1%2.3%4.0%7.6M-255.4M-2.1M0.8635.7512,21510,521221,998135,643
2021-06-16$56.75$57.5028.5%8.2%23.4%2.8%29.2%2.3%4.0%5.8M-238.7M-2.2M0.5917.8221,21812,486225,074142,026
2021-06-17$55.61$57.5028.9%8.1%20.8%3.6%29.1%1.5%3.9%1.3M-166.1M-2.1M0.743.1318,67013,897229,217147,230
2021-06-18$55.41$57.5030.8%8.5%20.8%7.7%30.8%1.8%3.1%-2.6M-172.7M-2.2M0.673.6723,99416,185235,234149,567
2021-06-21$56.20$57.5030.8%8.1%21.7%7.6%28.6%1.5%2.0%5.4M-182.2M-2.2M0.3818.4518,5276,964166,004106,975
2021-06-22$55.86$57.5029.5%7.6%20.7%5.0%27.0%1.9%-0.1%4.7M-160.7M-2.1M0.279.4313,9833,742173,482110,160
2021-06-23$55.31$57.5031.4%7.9%20.8%8.7%28.4%5.1%1.2%2.5M-134.8M-2.2M0.3724.7122,3638,166179,231111,955
2021-06-24$54.73$57.5031.5%7.9%20.2%9.0%28.2%2.1%-0.4%542.3K-109.7M-2.2M0.457.2521,1199,424185,651114,389
2021-06-25$54.59$56.0031.1%7.7%19.9%8.3%27.4%2.8%0.2%1.9M-108.3M-2.1M0.5125.4126,65613,639192,812117,946
2021-06-28$53.25$56.0032.9%8.3%20.9%11.9%29.2%1.4%0.7%1.9M-61.6M-2.1M0.502.5630,68615,428183,052112,443
2021-06-29$52.83$55.0034.3%8.7%20.5%14.7%30.9%1.8%-0.6%2.0M-44.7M-2.3M0.3117.7637,04711,518194,760121,783
2021-06-30$53.10$54.0033.8%8.3%21.0%13.6%29.4%0.8%-0.3%5.7M-80.6M-2.4M0.278.9035,0449,542212,488125,776