LUV Options History — April 2024

In April 2024, LUV traded between $26.09 and $29.74. ATM implied volatility averaged 37.5%, placing in the 59.4% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded below realized volatility by 3.0% (HV 20d: 40.4%). Max pain ranged from $28.50 to $30.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 1.20.

Notable Days

  • 2024-04-25: Highest Volume — 86,169 contracts
  • 2024-04-25: Largest IV drop — 16.1% change
  • 2024-04-04: Highest IV Rank — 79.0%
  • 2024-04-19: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.29$26.09$29.74$29.13$26.09
Max Pain$29.84$28.50$30.00$29.00$30.00
ATM IV37.5%30.3%41.5%36.7%31.1%
Expected Move10.4%8.5%11.8%8.7%9.2%
HV 20d40.4%23.1%62.9%62.5%38.7%
HV 60d44.4%43.0%46.0%45.2%46.0%
IV Rank59.4%24.5%79.0%55.8%28.5%
IV Percentile73.6%22.6%92.9%79.4%29.0%
Term Structure-0.2%-4.9%14.7%14.7%1.0%
VWIV36.4%30.1%44.1%30.6%31.9%
Skew 25d2.1%-0.4%3.8%1.5%2.7%
Skew 10d4.3%-2.3%6.3%4.1%-2.3%
Call IV 25d36.6%29.8%40.8%36.0%30.3%
Put IV 25d38.7%30.2%43.1%37.5%33.0%
Bid-Ask Spread %17.814.2849.1021.3249.10
Gamma HHI0.120.090.300.120.10
Net GEX-448.3K-6.2M6.2M2.9M-3.8M
Net DEX23.0M-67.7M127.1M-27.0M121.4M
Net VEX-1.5M-1.5M-1.3M-1.5M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.382.421.670.75
Total Volume26,056.90912,82686,16918,51430,669
Total OI373,102.409336,679396,233351,534371,997

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$29.13$29.0036.7%8.7%62.5%55.8%30.6%1.5%14.7%2.9M-27.0M-1.5M1.6721.326,94211,572173,631177,903
2024-04-02$28.38$29.0038.1%9.4%62.5%62.7%32.5%1.6%-1.7%600.5K30.0M-1.5M0.6615.0914,4899,604176,847186,012
2024-04-03$28.16$28.5037.6%9.2%62.4%60.0%32.2%3.8%2.6%-39.9K32.6M-1.5M1.247.138,67210,772181,976186,183
2024-04-04$27.95$30.0041.5%10.9%62.0%79.0%37.7%3.8%-4.9%-795.2K46.8M-1.5M2.3839.928,36719,925183,666189,657
2024-04-05$28.27$30.0038.8%11.0%62.1%65.7%37.4%2.2%-1.5%-2.5M46.6M-1.5M1.1822.897,5328,878184,102202,398
2024-04-08$28.68$30.0039.0%10.7%62.6%66.6%37.0%1.5%-2.2%-400.0K2.0M-1.5M0.516.2411,8006,051176,564191,495
2024-04-09$28.99$30.0037.8%10.2%62.9%60.8%35.8%0.9%-2.4%1.3M-25.0M-1.5M0.784.728,7586,835182,213194,270
2024-04-10$28.02$30.0039.0%10.7%23.1%66.7%36.8%1.7%-1.4%-2.6M50.6M-1.5M1.3641.799,13112,447186,385197,099
2024-04-11$28.55$30.0037.6%10.7%23.6%60.1%36.0%2.1%-0.3%-358.9K5.0M-1.5M1.444.285,8048,344189,001197,072
2024-04-12$27.54$30.0041.1%11.4%26.8%76.9%39.6%3.6%-2.7%-6.2M89.4M-1.5M1.9015.588,40815,938190,363199,905
2024-04-15$27.74$30.0040.4%11.5%26.9%73.6%39.3%3.1%-2.2%-1.5M50.5M-1.4M0.386.099,2723,554180,020187,649
2024-04-16$27.98$30.0040.1%11.5%27.0%72.3%38.2%3.5%-1.9%-1.4M39.4M-1.4M0.547.9512,1466,553181,269189,665
2024-04-17$28.84$30.0039.9%11.4%29.1%71.0%44.1%2.7%-1.7%2.9M-30.0M-1.5M0.4916.1628,49913,872190,391191,545
2024-04-18$29.13$30.0039.5%11.3%28.1%69.1%40.4%2.3%-0.1%6.2M-54.6M-1.5M0.705.3112,0828,428197,449195,567
2024-04-19$29.32$30.0040.8%11.8%28.1%75.3%42.0%1.7%-1.6%2.4M-67.7M-1.5M1.035.648,2668,545196,464199,769
2024-04-22$29.74$30.0040.3%11.6%28.4%73.2%40.1%2.7%-4.8%1.7M-53.7M-1.5M0.7114.8110,5557,445158,271178,408
2024-04-23$29.59$30.0037.5%11.3%28.4%59.6%39.1%1.9%-1.8%1.8M-47.8M-1.5M2.427.895,56313,478163,884182,284
2024-04-24$29.30$30.0036.6%11.0%28.7%55.2%38.8%1.7%3.8%864.2K-25.6M-1.5M1.0125.8722,15522,373166,055188,839
2024-04-25$27.13$30.0030.7%8.7%38.7%26.7%30.5%-0.4%-0.6%-3.6M127.1M-1.3M1.8244.3930,51655,653180,070202,159
2024-04-26$26.98$30.0030.3%8.5%38.6%24.5%30.1%-0.4%5.9%-4.6M105.7M-1.4M2.0624.0812,40125,574189,375205,761
2024-04-29$26.81$30.0030.3%8.8%38.6%24.7%30.9%1.7%0.4%-3.0M91.1M-1.3M1.315.4610,97414,410172,310192,310
2024-04-30$26.09$30.0031.1%9.2%38.7%28.5%31.9%2.7%1.0%-3.8M121.4M-1.3M0.7549.1017,49313,176176,316195,681