LUV Options History — September 2022

In September 2022, LUV traded between $30.93 and $38.72. ATM implied volatility averaged 41.5%, placing in the 41.3% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 9.5% (HV 20d: 32.1%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2022-09-16: Highest Volume — 28,801 contracts
  • 2022-09-13: Largest IV spike — 10.4% change
  • 2022-09-26: Highest IV Rank — 67.5%
  • 2022-09-27: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.13$30.93$38.72$36.49$30.93
Max Pain$36.19$35.00$40.00$40.00$35.00
ATM IV41.5%35.3%49.5%39.6%48.5%
Expected Move11.9%10.5%13.9%11.4%13.3%
HV 20d32.1%23.3%40.9%25.6%40.9%
HV 60d36.7%33.8%39.9%39.9%37.8%
IV Rank41.3%20.8%67.5%34.8%64.2%
IV Percentile64.3%24.2%95.2%59.1%92.5%
Term Structure0.5%-1.0%3.2%0.3%-0.5%
VWIV40.7%35.0%47.4%38.9%46.1%
Skew 25d6.3%4.6%8.7%5.5%7.9%
Skew 10d12.2%9.8%16.9%11.7%15.2%
Call IV 25d38.7%33.2%46.1%36.8%45.1%
Put IV 25d45.1%37.8%53.9%42.4%53.0%
Bid-Ask Spread %3.412.186.002.843.12
Gamma HHI0.090.060.250.080.09
Net GEX185.3K-3.8M4.5M-582.3K-639.0K
Net DEX99.5M30.4M158.1M119.3M135.7M
Net VEX-1.2M-1.4M-903.4K-1.3M-935.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.171.351.350.44
Total Volume16,247.5717,13428,80111,36220,142
Total OI269,127.286232,198295,586276,063274,840

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-09-01$36.49$40.0039.6%11.4%25.6%34.8%38.9%5.5%0.3%-582.3K119.3M-1.3M1.352.844,8376,525165,514110,549
2022-09-02$36.59$40.0038.0%11.1%25.7%29.7%37.4%5.1%0.1%-1.1M109.9M-1.3M0.653.665,8463,810166,498110,205
2022-09-06$36.68$37.5038.7%11.1%25.2%31.9%38.2%5.8%0.4%-234.6K108.2M-1.3M0.453.1617,2657,846162,713109,244
2022-09-07$37.68$37.5036.6%10.8%25.9%24.9%37.3%5.3%0.5%2.2M65.9M-1.3M0.902.669,0918,177167,978110,803
2022-09-08$37.50$37.5037.6%10.7%23.3%28.4%36.7%5.7%0.3%2.6M71.0M-1.3M0.443.496,1952,749171,222112,405
2022-09-09$38.36$37.5035.6%10.5%24.7%21.7%35.0%4.6%0.6%4.5M33.0M-1.4M0.313.059,5042,946173,016115,218
2022-09-12$38.72$37.5035.3%10.7%24.6%20.8%38.3%5.2%2.2%3.3M30.4M-1.4M0.904.936,9246,257169,565110,381
2022-09-13$37.37$35.0039.0%11.0%27.1%32.9%40.9%6.4%-0.7%827.4K89.1M-1.3M0.553.5511,3546,245173,674114,843
2022-09-14$37.98$35.0038.0%11.1%27.8%29.4%36.6%6.7%0.8%2.7M55.8M-1.4M0.614.494,4212,713176,423115,696
2022-09-15$36.93$35.0038.3%10.9%27.8%30.7%40.1%6.4%-0.2%-402.9K100.9M-1.3M0.596.006,8364,031178,547116,403
2022-09-16$34.83$37.5041.3%11.9%34.1%40.6%40.8%5.6%0.4%-3.8M158.1M-1.1M0.662.1817,33111,470179,758115,828
2022-09-19$35.97$35.0039.4%11.3%35.6%34.2%38.8%6.0%1.9%-540.0K76.4M-1.2M0.523.069,7335,054137,26994,929
2022-09-20$35.19$35.0041.2%11.8%36.1%40.1%38.5%5.9%1.6%-644.3K93.6M-1.1M0.172.5718,4823,093142,49696,815
2022-09-21$34.25$35.0041.5%11.9%36.9%41.2%40.5%5.7%1.7%-911.1K114.7M-1.1M0.383.869,9873,801147,29897,693
2022-09-22$33.11$35.0043.7%12.5%37.8%48.5%43.5%5.4%0.7%-1.0M126.5M-1.0M0.483.847,7473,729149,38896,126
2022-09-23$31.99$35.0046.6%13.1%38.1%58.0%44.6%7.7%3.2%-1.1M144.8M-921.0K0.253.1715,1293,851153,00096,427
2022-09-26$31.49$35.0049.5%13.9%37.7%67.5%47.4%7.9%-0.2%-693.4K132.5M-903.4K0.762.9715,71311,994148,70492,018
2022-09-27$31.51$35.0048.9%13.9%37.6%65.6%46.4%7.8%-1.0%-567.5K120.9M-983.8K0.453.4611,7855,338159,48799,702
2022-09-28$32.47$35.0046.9%12.7%40.1%59.1%42.8%7.7%-0.3%128.0K93.7M-1.1M0.672.4011,2357,564165,859101,085
2022-09-29$31.71$35.0048.0%13.5%40.5%62.6%46.9%8.7%-0.6%-122.1K109.4M-1.1M0.633.168,8655,584169,596102,458
2022-09-30$30.93$35.0048.5%13.3%40.9%64.2%46.1%7.9%-0.5%-639.0K135.7M-935.4K0.443.1213,9856,157171,971102,869