LUV Options History — August 2022

In August 2022, LUV traded between $36.90 and $39.99. ATM implied volatility averaged 35.9%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded below realized volatility by 3.1% (HV 20d: 39.0%). Max pain ranged from $37.50 to $42.50. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.61.

Notable Days

2022-08-01: Highest Volume — 24,434 contracts
2022-08-10: Largest IV drop — 8.4% change
2022-08-31: Highest IV Rank — 32.8%
2022-08-31: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.42	$36.90	$39.99	$38.37	$36.90
Max Pain	$40.46	$37.50	$42.50	$37.50	$40.00
ATM IV	35.9%	32.5%	39.0%	37.4%	39.0%
Expected Move	10.3%	9.3%	11.3%	10.5%	11.3%
HV 20d	39.0%	25.4%	44.1%	41.9%	25.4%
HV 60d	42.3%	40.0%	44.9%	44.5%	40.0%
IV Rank	22.5%	11.4%	32.8%	27.6%	32.8%
IV Percentile	35.7%	13.1%	56.7%	48.8%	56.7%
Term Structure	-0.1%	-0.8%	1.3%	-0.5%	0.3%
VWIV	35.8%	32.5%	38.9%	36.4%	38.8%
Skew 25d	5.4%	4.0%	6.3%	5.9%	6.3%
Skew 10d	10.8%	7.5%	13.1%	11.8%	12.0%
Call IV 25d	33.7%	30.5%	36.6%	34.4%	36.6%
Put IV 25d	39.1%	35.1%	42.9%	40.3%	42.9%
Bid-Ask Spread %	3.43	2.30	9.39	4.40	3.06
Gamma HHI	0.11	0.07	0.36	0.09	0.07
Net GEX	948.7K	-4.4M	4.1M	1.8M	-58.3K
Net DEX	67.2M	8.9M	116.6M	64.6M	110.7M
Net VEX	-1.4M	-1.6M	-1.3M	-1.5M	-1.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.30	1.27	0.52	0.80
Total Volume	12,532.304	4,839	24,434	24,434	12,203
Total OI	274,774.957	260,691	295,035	260,691	274,937

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-08-01	$38.37	$37.50	37.4%	10.5%	41.9%	27.6%	36.4%	5.9%	-0.5%	1.8M	64.6M	-1.5M	0.52	4.40	16,031	8,403	155,891	104,800
2022-08-02	$37.69	$38.00	37.4%	10.9%	42.3%	27.4%	37.1%	6.0%	-0.1%	1.2M	78.2M	-1.5M	0.82	4.40	7,338	5,984	159,614	108,514
2022-08-03	$39.03	$38.00	35.8%	10.0%	43.9%	22.4%	34.7%	5.9%	-0.0%	3.1M	34.1M	-1.5M	0.58	3.88	11,051	6,398	160,069	110,212
2022-08-04	$38.87	$40.00	36.5%	10.4%	43.9%	24.6%	36.3%	5.1%	-0.5%	3.4M	35.7M	-1.6M	0.54	3.27	11,631	6,225	162,096	111,094
2022-08-05	$38.76	$42.50	34.3%	9.9%	44.0%	17.4%	34.8%	5.9%	-0.0%	3.0M	46.5M	-1.5M	0.62	2.76	9,010	5,624	164,588	113,105
2022-08-08	$39.19	$42.50	35.8%	10.1%	44.1%	22.4%	35.1%	5.1%	-0.7%	3.0M	30.3M	-1.5M	0.77	2.82	8,601	6,589	159,713	109,879
2022-08-09	$38.19	$40.00	36.5%	10.8%	42.6%	24.5%	35.3%	5.9%	1.3%	1.2M	75.6M	-1.5M	0.47	9.39	4,365	2,038	161,782	112,928
2022-08-10	$39.34	$40.00	33.4%	9.7%	43.8%	14.4%	33.6%	4.7%	0.5%	3.8M	32.2M	-1.5M	0.42	2.50	6,394	2,682	163,672	113,706
2022-08-11	$38.90	$40.00	34.1%	9.6%	43.8%	16.6%	34.3%	4.5%	-0.7%	2.9M	49.1M	-1.5M	0.79	2.87	3,761	2,962	164,772	114,255
2022-08-12	$39.31	$40.00	32.5%	9.3%	42.5%	11.4%	38.3%	4.6%	-0.0%	2.4M	38.7M	-1.5M	0.57	2.67	8,378	4,770	165,640	115,290
2022-08-15	$39.77	$40.00	33.4%	9.6%	42.6%	14.3%	33.5%	4.0%	0.1%	3.7M	17.4M	-1.5M	0.72	2.52	11,033	7,966	162,536	111,648
2022-08-16	$39.99	$40.00	33.3%	9.6%	39.6%	13.9%	32.5%	4.5%	-0.2%	4.1M	8.9M	-1.5M	0.55	3.19	6,867	3,794	165,841	116,770
2022-08-17	$38.89	$40.00	34.2%	9.8%	40.6%	17.1%	34.2%	4.9%	-0.4%	1.2M	60.1M	-1.5M	0.56	3.87	6,002	3,384	167,314	118,252
2022-08-18	$38.91	$40.00	33.2%	9.4%	39.9%	13.6%	33.0%	5.8%	1.3%	1.0M	61.0M	-1.5M	0.41	2.42	13,548	5,522	169,346	118,802
2022-08-19	$37.89	$42.50	35.5%	10.2%	40.8%	21.3%	34.7%	5.3%	-0.8%	-4.4M	109.4M	-1.4M	0.54	2.48	9,347	5,012	172,689	122,346
2022-08-22	$37.34	$42.50	38.1%	11.0%	41.0%	29.8%	38.1%	6.1%	-0.2%	-2.4M	116.6M	-1.3M	0.32	2.98	9,302	2,949	153,155	112,235
2022-08-23	$37.55	$42.50	37.1%	10.8%	40.8%	26.7%	36.9%	5.6%	-0.3%	-2.3M	107.1M	-1.4M	1.27	3.05	3,501	4,441	157,059	113,761
2022-08-24	$37.93	$42.50	36.1%	10.3%	38.9%	23.2%	35.1%	5.9%	-0.0%	-1.3M	93.6M	-1.4M	0.30	3.26	3,729	1,110	158,453	112,640
2022-08-25	$38.50	$41.00	36.4%	10.3%	27.6%	24.4%	36.1%	5.6%	-0.3%	198.6K	69.0M	-1.4M	0.41	3.29	4,645	1,895	159,816	113,001
2022-08-26	$37.48	$40.50	37.9%	10.6%	29.2%	29.2%	36.9%	5.8%	-0.3%	-3.8M	109.8M	-1.4M	0.74	3.50	5,582	4,152	161,575	113,419
2022-08-29	$37.52	$40.50	37.9%	11.1%	29.1%	29.1%	38.6%	5.7%	0.0%	164.5K	94.4M	-1.4M	0.84	2.30	7,292	6,113	156,943	105,607
2022-08-30	$37.33	$40.00	39.0%	11.2%	28.5%	32.7%	38.9%	5.7%	0.4%	-250.9K	102.7M	-1.3M	0.51	4.03	7,040	3,579	160,911	109,148
2022-08-31	$36.90	$40.00	39.0%	11.3%	25.4%	32.8%	38.8%	6.3%	0.3%	-58.3K	110.7M	-1.3M	0.80	3.06	6,762	5,441	163,922	111,015