LUV Options History — October 2022

In October 2022, LUV traded between $31.23 and $36.47. ATM implied volatility averaged 45.9%, placing in the 55.5% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 7.5% (HV 20d: 38.4%). Max pain ranged from $32.50 to $35.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.68.

Notable Days

2022-10-26: Highest Volume — 59,579 contracts
2022-10-27: Largest IV drop — 11.0% change
2022-10-11: Highest IV Rank — 77.9%
2022-10-11: Largest Expected Move — 14.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.24	$31.23	$36.47	$31.23	$36.47
Max Pain	$32.98	$32.50	$35.00	$35.00	$33.00
ATM IV	45.9%	35.7%	52.6%	47.8%	36.7%
Expected Move	13.1%	10.5%	14.3%	13.2%	10.7%
HV 20d	38.4%	29.9%	47.3%	41.3%	29.9%
HV 60d	36.6%	33.3%	39.8%	37.8%	34.0%
IV Rank	55.5%	21.0%	77.9%	62.0%	24.4%
IV Percentile	77.7%	17.1%	98.4%	89.7%	27.8%
Term Structure	-0.9%	-2.6%	1.0%	-0.6%	0.7%
VWIV	45.4%	35.9%	51.6%	45.3%	37.8%
Skew 25d	7.4%	5.1%	9.3%	8.2%	5.7%
Skew 10d	14.7%	10.2%	17.8%	17.3%	10.2%
Call IV 25d	42.5%	33.1%	48.0%	43.8%	33.6%
Put IV 25d	49.9%	38.2%	57.3%	52.0%	39.2%
Bid-Ask Spread %	3.17	2.69	4.63	2.89	2.76
Gamma HHI	0.09	0.06	0.15	0.08	0.08
Net GEX	2.0M	-58.5K	6.6M	-58.5K	4.7M
Net DEX	45.0M	-105.1M	119.9M	119.9M	-85.8M
Net VEX	-1.1M	-1.2M	-942.5K	-942.5K	-1.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.68	0.31	1.06	0.55	0.69
Total Volume	21,278.857	13,027	59,579	25,620	17,091
Total OI	291,884.619	267,644	327,618	267,644	305,617

Daily Data (21 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
2022-10-03	$31.23	$35.00	47.8%	13.2%	41.3%	62.0%	45.3%	8.2%	-0.6%	-58.5K	119.9M	-942.5K	0.55	2.89	16,492	9,128	167,748	99,896
2022-10-04	$33.09	$34.50	45.1%	12.3%	47.3%	52.9%	42.7%	7.7%	-0.4%	1.6M	61.2M	-1.1M	0.37	4.63	19,249	7,035	173,858	103,066
2022-10-05	$33.19	$34.00	45.5%	12.5%	45.9%	54.5%	43.3%	7.4%	-0.4%	2.1M	50.8M	-1.1M	0.97	2.99	8,447	8,226	177,272	104,850
2022-10-06	$32.57	$35.00	46.3%	13.2%	46.2%	57.0%	46.1%	7.5%	-0.9%	1.6M	71.8M	-1.1M	0.86	3.53	9,886	8,470	178,146	104,865
2022-10-07	$31.87	$32.50	48.1%	13.5%	45.0%	62.9%	47.8%	8.7%	-0.4%	707.8K	99.5M	-1.0M	0.88	2.69	7,097	6,240	181,428	108,069
2022-10-10	$31.76	$32.50	49.1%	13.8%	44.6%	66.1%	49.2%	8.3%	-0.5%	472.2K	96.4M	-1.0M	0.84	2.98	7,266	6,124	175,913	105,163
2022-10-11	$31.44	$32.50	52.6%	14.3%	43.5%	77.9%	51.6%	9.3%	-2.4%	459.1K	104.3M	-1.0M	0.89	2.96	7,246	6,413	178,351	106,594
2022-10-12	$31.71	$32.50	50.7%	14.2%	43.0%	71.6%	50.0%	8.6%	-1.4%	700.5K	97.6M	-1.0M	0.94	2.83	6,720	6,307	179,558	107,832
2022-10-13	$32.49	$32.50	50.0%	13.9%	44.0%	69.0%	49.9%	8.8%	-1.6%	2.0M	69.9M	-1.1M	1.06	3.17	7,869	8,328	181,695	108,148
2022-10-14	$32.71	$32.50	48.8%	14.0%	39.6%	65.1%	47.7%	8.0%	-0.2%	667.8K	63.7M	-1.1M	0.94	4.59	11,021	10,402	183,460	110,540
2022-10-17	$32.74	$32.50	49.4%	14.1%	37.4%	67.1%	49.1%	8.1%	-2.3%	767.4K	72.8M	-1.1M	0.98	3.30	7,848	7,682	177,580	109,808
2022-10-18	$33.22	$32.50	48.7%	13.9%	37.4%	64.8%	46.7%	7.3%	-2.4%	1.3M	54.4M	-1.1M	0.86	2.86	7,638	6,553	180,586	111,414
2022-10-19	$33.06	$32.50	48.3%	13.9%	36.3%	63.6%	46.5%	7.2%	-2.2%	1.3M	56.1M	-1.1M	0.53	3.09	11,319	5,942	182,598	112,571
2022-10-20	$32.80	$32.50	47.5%	13.8%	34.4%	61.1%	46.2%	6.0%	-2.6%	1.5M	65.0M	-1.1M	0.42	2.94	14,751	6,209	187,313	114,031
2022-10-21	$33.15	$32.50	45.7%	13.3%	32.1%	55.1%	44.8%	6.9%	-2.0%	2.2M	57.8M	-1.1M	0.37	3.00	14,600	5,361	191,687	115,074
2022-10-24	$33.72	$32.50	44.4%	13.6%	31.9%	50.8%	45.3%	6.8%	0.2%	1.4M	38.7M	-1.1M	0.36	2.96	14,285	5,132	170,363	106,849
2022-10-25	$34.67	$32.50	42.4%	13.0%	33.0%	43.9%	44.8%	7.6%	-0.7%	2.5M	2.9M	-1.1M	0.42	2.92	15,035	6,330	176,924	108,183
2022-10-26	$34.42	$32.50	42.6%	12.5%	31.8%	44.7%	45.2%	5.9%	-0.8%	2.8M	10.1M	-1.1M	0.70	3.02	35,005	24,574	182,419	110,451
2022-10-27	$35.42	$33.00	37.9%	11.2%	31.4%	29.2%	38.5%	5.8%	0.5%	6.0M	-56.7M	-1.2M	0.31	3.12	28,560	8,959	197,922	124,117
2022-10-28	$36.25	$33.00	35.7%	10.5%	29.9%	21.0%	35.9%	5.1%	1.0%	6.6M	-105.1M	-1.2M	0.42	3.40	18,283	7,733	201,793	125,825
2022-10-31	$36.47	$33.00	36.7%	10.7%	29.9%	24.4%	37.8%	5.7%	0.7%	4.7M	-85.8M	-1.2M	0.69	2.76	10,084	7,007	189,356	116,261