LUV Options History — June 2022

In June 2022, LUV traded between $34.83 and $44.85. ATM implied volatility averaged 43.8%, placing in the 50.4% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded below realized volatility by 2.7% (HV 20d: 46.4%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2022-06-14: Highest Volume — 30,160 contracts
  • 2022-06-13: Largest IV spike — 18.4% change
  • 2022-06-16: Highest IV Rank — 75.6%
  • 2022-06-16: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.08$34.83$44.85$44.54$36.01
Max Pain$40.62$35.00$45.00$43.00$37.50
ATM IV43.8%36.4%51.9%38.3%47.5%
Expected Move12.6%10.6%15.0%11.6%13.3%
HV 20d46.4%40.6%53.4%45.4%46.0%
HV 60d41.9%38.7%44.8%40.9%44.8%
IV Rank50.4%28.8%75.6%34.8%61.1%
IV Percentile82.4%53.6%98.0%67.1%92.9%
Term Structure-0.1%-2.8%1.7%-0.4%-0.2%
VWIV44.0%37.7%54.1%38.4%46.1%
Skew 25d7.5%5.7%9.9%5.8%7.7%
Skew 10d16.1%12.1%20.9%15.0%16.0%
Call IV 25d40.9%33.7%48.2%36.9%43.9%
Put IV 25d48.4%40.0%58.0%42.8%51.6%
Bid-Ask Spread %4.843.2510.614.784.37
Gamma HHI0.070.050.110.070.05
Net GEX482.7K-2.1M3.6M3.4M-53.1K
Net DEX67.5M-89.3M209.0M-76.4M107.7M
Net VEX-1.7M-2.2M-1.4M-2.2M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.211.420.300.55
Total Volume19,580.04810,59130,16020,52013,487
Total OI291,238.524253,827335,336293,027275,130

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-06-01$44.54$43.0038.3%11.6%45.4%34.8%38.4%5.8%-0.4%3.4M-76.4M-2.2M0.304.7815,8234,697173,995119,032
2022-06-02$44.42$42.5037.6%10.6%44.4%32.7%38.1%5.7%-0.7%2.9M-68.4M-2.1M0.604.2110,2346,103177,497120,388
2022-06-03$43.69$45.0037.0%11.3%43.9%30.9%38.0%6.0%-0.1%1.4M-32.7M-2.1M0.706.776,8944,834179,364122,988
2022-06-06$44.41$45.0038.1%10.8%44.0%34.3%39.8%6.5%-0.1%2.6M-68.8M-2.1M0.764.976,0294,562173,723117,595
2022-06-07$44.85$45.0036.4%10.6%40.6%28.8%37.7%6.3%0.2%3.6M-89.3M-2.1M0.816.677,2915,926176,173118,950
2022-06-08$43.38$45.0037.9%11.2%41.9%33.4%38.5%6.3%0.9%904.1K-19.9M-2.0M1.423.916,6259,426178,257120,121
2022-06-09$42.07$45.0039.2%11.2%41.6%37.6%37.9%6.7%0.2%-1.4M40.3M-1.9M0.393.4413,7645,393180,263122,777
2022-06-10$40.28$42.5043.4%12.6%43.5%50.7%44.5%7.1%0.7%-1.5M102.9M-1.8M1.034.6812,40012,765182,405122,551
2022-06-13$37.67$42.5051.4%14.8%47.9%74.9%49.5%9.9%-1.4%-2.1M164.0M-1.6M0.473.3914,3466,765178,110123,631
2022-06-14$37.19$42.5051.2%14.7%47.9%74.2%54.1%9.7%0.2%-1.8M164.5M-1.6M0.288.7923,5236,637184,907124,702
2022-06-15$37.39$35.0045.3%13.0%44.4%54.6%47.1%8.2%0.0%-1.2M140.3M-1.6M0.215.7522,2914,605198,888126,451
2022-06-16$34.83$40.0051.9%15.0%49.3%75.6%52.0%9.8%-1.7%-859.3K209.0M-1.4M1.264.5412,23115,428197,828124,465
2022-06-17$35.56$40.0049.3%14.4%50.7%66.9%49.9%9.2%-2.8%-1.6M187.8M-1.5M1.1210.6112,92714,487200,883134,453
2022-06-21$35.39$37.5046.1%13.1%50.2%56.3%44.6%7.7%1.3%-349.6K128.5M-1.4M0.643.6011,2737,187151,609102,218
2022-06-22$35.71$37.5045.0%13.4%49.8%52.6%44.4%7.6%1.7%78.3K116.3M-1.4M0.543.3414,7387,954155,815102,684
2022-06-23$35.82$37.5045.7%13.3%49.4%55.1%47.2%7.8%1.3%589.4K107.9M-1.5M0.463.2513,3306,174162,430105,771
2022-06-24$37.72$37.5042.9%12.4%53.4%45.7%43.6%7.4%1.7%2.7M39.4M-1.6M0.343.6115,4935,285166,559107,466
2022-06-27$36.93$37.5044.2%12.6%47.7%50.0%43.2%8.3%-1.1%1.3M79.3M-1.5M0.503.5212,6486,279161,085103,400
2022-06-28$36.64$37.5044.7%12.7%46.8%51.6%44.4%6.4%-0.6%1.2M83.4M-1.5M0.543.4411,2646,026163,962105,122
2022-06-29$36.23$37.5046.4%13.1%46.4%57.4%44.6%7.6%-0.5%300.5K102.0M-1.5M0.394.0010,1233,914165,130107,231
2022-06-30$36.01$37.5047.5%13.3%46.0%61.1%46.1%7.7%-0.2%-53.1K107.7M-1.5M0.554.378,6994,788166,472108,658