LUV Options History — June 2023

In June 2023, LUV traded between $29.16 and $36.14. ATM implied volatility averaged 28.4%, placing in the 5.8% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 1.7% (HV 20d: 26.6%). Max pain ranged from $30.00 to $32.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.64.

Notable Days

  • 2023-06-14: Highest Volume — 38,867 contracts
  • 2023-06-12: Largest IV spike — 8.1% change
  • 2023-06-28: Highest IV Rank — 16.8%
  • 2023-06-01: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.90$29.16$36.14$29.16$36.14
Max Pain$31.33$30.00$32.50$30.50$32.50
ATM IV28.4%26.3%31.3%31.3%29.1%
Expected Move7.9%6.9%9.1%9.1%6.9%
HV 20d26.6%23.2%30.0%30.0%23.2%
HV 60d28.7%27.3%30.8%30.1%27.7%
IV Rank5.8%0.0%16.8%12.5%10.9%
IV Percentile4.3%0.0%15.5%14.3%7.9%
Term Structure0.5%-1.6%4.0%-0.9%-0.2%
VWIV28.2%25.2%31.2%31.2%25.2%
Skew 25d2.7%0.9%5.7%5.7%1.4%
Skew 10d5.4%1.4%10.7%10.7%3.3%
Call IV 25d27.7%25.8%30.6%29.3%29.6%
Put IV 25d30.4%27.5%35.0%35.0%31.0%
Bid-Ask Spread %2.642.094.672.622.63
Gamma HHI0.110.070.290.090.29
Net GEX4.9M-3.0M12.4M-3.0M12.4M
Net DEX-128.5M-280.9M57.3M57.3M-280.9M
Net VEX-1.6M-1.8M-1.4M-1.4M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.301.661.660.56
Total Volume18,383.5247,06638,86721,65320,318
Total OI342,325.905296,336397,448348,058325,479

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$29.16$30.5031.3%9.1%30.0%12.5%31.2%5.7%-0.9%-3.0M57.3M-1.4M1.662.628,14013,513188,357159,701
2023-06-02$30.16$30.0029.8%8.9%27.9%6.2%30.9%4.3%-1.6%211.1K-5.3M-1.5M0.562.6117,5929,800191,369171,074
2023-06-05$30.02$30.0028.9%8.4%27.7%2.4%29.3%4.8%0.5%537.5K11.0M-1.5M0.982.346,6986,536187,054157,737
2023-06-06$30.34$30.0027.8%8.2%28.0%0.0%28.9%3.7%0.4%1.4M-10.9M-1.5M0.562.097,0984,002190,796162,223
2023-06-07$30.73$30.0027.6%8.4%28.2%0.0%28.8%3.3%-0.2%2.8M-34.7M-1.5M0.942.524,9634,690193,355164,575
2023-06-08$30.55$30.0026.8%8.1%27.6%0.0%28.4%2.8%0.6%1.9M-22.1M-1.5M0.582.214,4662,600195,276169,556
2023-06-09$30.70$30.0026.7%8.1%27.3%0.0%27.7%3.0%0.5%1.3M-33.8M-1.5M0.582.437,6774,418197,721171,175
2023-06-12$31.48$30.0028.9%7.9%27.7%8.3%30.4%3.3%-1.4%3.1M-66.3M-1.5M0.632.3515,91510,097193,839156,045
2023-06-13$32.45$30.0028.0%7.9%29.0%4.9%27.8%3.5%-0.5%4.0M-124.8M-1.6M0.302.2421,2206,389199,235163,386
2023-06-14$33.48$30.0028.7%8.5%29.5%7.7%29.2%3.1%0.9%5.9M-195.8M-1.7M0.384.6728,08710,780209,403166,311
2023-06-15$33.88$32.5027.9%7.9%26.3%4.7%28.1%2.2%-0.7%6.4M-216.1M-1.7M0.392.2416,6616,526221,136172,488
2023-06-16$34.22$32.5026.4%7.5%26.3%0.0%26.5%1.6%-0.5%7.2M-229.4M-1.7M0.332.6118,8456,234221,790175,658
2023-06-20$34.45$32.5027.1%7.7%24.4%2.5%27.9%0.9%3.6%5.1M-176.7M-1.7M0.582.5015,1858,850161,408134,928
2023-06-21$34.25$32.5026.3%7.5%24.6%0.0%26.8%1.7%4.0%5.8M-168.4M-1.8M0.413.118,5783,476167,540139,572
2023-06-22$34.25$32.5027.1%7.6%24.7%3.1%29.2%1.6%3.6%7.3M-173.1M-1.7M0.982.636,7246,568172,050140,354
2023-06-23$33.89$32.5027.1%7.4%23.6%3.2%26.4%1.7%4.0%4.9M-143.1M-1.7M0.842.835,7214,813173,339144,968
2023-06-26$34.00$32.5029.2%7.5%23.6%11.1%28.4%1.8%-0.3%5.4M-149.7M-1.7M0.682.9210,3967,114166,778135,010
2023-06-27$35.44$32.5030.1%7.4%26.6%14.4%27.5%2.3%-0.7%8.8M-240.8M-1.7M0.582.6912,8167,391169,983139,793
2023-06-28$35.47$32.5030.7%7.5%26.7%16.8%27.0%2.3%-0.3%9.7M-236.4M-1.8M0.462.716,8453,130173,922144,188
2023-06-29$35.81$32.5030.0%7.3%26.6%14.1%26.4%1.3%-0.5%11.1M-257.8M-1.8M0.372.5711,0464,136174,767145,505
2023-06-30$36.14$32.5029.1%6.9%23.2%10.9%25.2%1.4%-0.2%12.4M-280.9M-1.8M0.562.6313,0517,267178,731146,748