LUV Options History — June 2024

In June 2024, LUV traded between $27.70 and $29.76. ATM implied volatility averaged 36.5%, placing in the 54.9% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded below realized volatility by 4.2% (HV 20d: 40.7%). Max pain ranged from $27.50 to $27.50. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 1.32.

Notable Days

2024-06-10: Highest Volume — 120,845 contracts
2024-06-04: Largest IV spike — 32.1% change
2024-06-04: Highest IV Rank — 98.7%
2024-06-06: Largest Expected Move — 10.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.37	$27.70	$29.76	$27.70	$28.41
Max Pain	$27.50	$27.50	$27.50	$27.50	$27.50
ATM IV	36.5%	33.4%	45.6%	34.5%	38.9%
Expected Move	10.2%	9.6%	10.9%	10.6%	9.7%
HV 20d	40.7%	31.4%	45.6%	35.2%	39.8%
HV 60d	38.1%	32.3%	47.1%	46.9%	36.7%
IV Rank	54.9%	39.7%	98.7%	45.1%	66.3%
IV Percentile	68.5%	48.4%	99.6%	61.5%	77.8%
Term Structure	2.8%	-1.5%	13.8%	0.1%	-0.8%
VWIV	35.8%	33.6%	38.7%	37.0%	34.0%
Skew 25d	0.8%	-3.0%	2.7%	2.1%	1.1%
Skew 10d	0.8%	-26.6%	3.9%	3.9%	3.6%
Call IV 25d	35.9%	33.2%	43.2%	33.5%	38.8%
Put IV 25d	36.7%	33.8%	41.6%	35.6%	39.9%
Bid-Ask Spread %	20.30	2.49	40.48	22.06	10.66
Gamma HHI	0.21	0.14	0.36	0.21	0.25
Net GEX	4.2M	-12.8M	12.7M	6.9M	-4.2M
Net DEX	-132.9M	-325.7M	-50.4M	-112.4M	-92.6M
Net VEX	-2.1M	-2.2M	-2.0M	-2.1M	-2.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.32	0.21	3.23	0.21	1.72
Total Volume	34,808.947	14,385	120,845	41,575	24,944
Total OI	553,451.632	431,776	637,658	520,797	478,911

Daily Data (19 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
2024-06-03	$27.70	$27.50	34.5%	10.6%	35.2%	45.1%	37.0%	2.1%	0.1%	6.9M	-112.4M	-2.1M	0.21	22.06	34,310	7,265	295,716	225,081
2024-06-04	$27.76	$27.50	45.6%	10.5%	31.4%	98.7%	36.9%	2.7%	13.8%	8.5M	-131.9M	-2.2M	0.67	11.26	10,818	7,225	310,639	227,193
2024-06-05	$28.36	$27.50	35.6%	10.6%	31.7%	50.3%	37.5%	0.5%	0.9%	10.7M	-189.9M	-2.2M	0.43	21.71	15,224	6,515	315,020	231,479
2024-06-06	$27.80	$27.50	36.9%	10.9%	32.6%	56.5%	38.7%	0.1%	0.2%	9.4M	-132.8M	-2.2M	0.56	17.51	13,951	7,834	320,525	233,977
2024-06-07	$27.73	$27.50	33.5%	10.7%	32.7%	39.9%	37.8%	1.1%	-0.9%	7.6M	-113.4M	-2.1M	2.59	23.96	7,885	20,397	322,976	242,473
2024-06-10	$29.76	$27.50	34.9%	10.7%	41.0%	47.0%	37.5%	-0.1%	2.5%	12.7M	-325.7M	-2.2M	0.82	34.77	66,446	54,399	312,652	242,486
2024-06-11	$28.13	$27.50	34.0%	10.1%	45.1%	42.5%	35.5%	-0.2%	1.3%	5.6M	-101.2M	-2.2M	1.37	25.76	27,907	38,157	326,531	268,207
2024-06-12	$28.38	$27.50	33.4%	9.9%	45.2%	39.7%	35.2%	0.5%	2.1%	5.6M	-138.0M	-2.2M	0.95	37.45	13,752	13,048	336,754	282,040
2024-06-13	$28.61	$27.50	33.5%	10.1%	45.0%	40.3%	35.2%	0.5%	2.2%	5.6M	-166.6M	-2.2M	1.58	10.27	10,062	15,877	341,108	291,412
2024-06-14	$28.34	$27.50	34.6%	10.4%	45.0%	45.6%	38.6%	1.0%	2.7%	-271.6K	-119.1M	-2.2M	2.63	27.16	12,641	33,265	342,283	295,375
2024-06-17	$28.77	$27.50	35.6%	10.3%	45.3%	50.1%	36.3%	1.3%	5.2%	4.4M	-188.8M	-2.2M	0.55	20.44	31,383	17,239	324,285	292,208
2024-06-18	$28.48	$27.50	34.4%	9.9%	45.4%	44.6%	34.5%	1.1%	10.7%	763.8K	-95.6M	-2.2M	1.93	22.32	10,697	20,649	302,589	300,565
2024-06-20	$28.20	$27.50	35.2%	9.8%	45.5%	48.6%	34.1%	1.4%	6.0%	-3.3M	-50.4M	-2.1M	1.58	2.49	7,251	11,434	306,623	306,578
2024-06-21	$28.48	$27.50	37.1%	9.7%	45.6%	57.4%	33.8%	1.2%	11.7%	-12.8M	-99.2M	-2.1M	0.28	6.78	25,755	7,093	308,301	307,441
2024-06-24	$28.73	$27.50	38.9%	9.9%	42.4%	66.5%	34.7%	1.7%	-1.5%	9.9M	-151.5M	-2.0M	1.11	40.48	10,207	11,289	246,810	184,966
2024-06-25	$28.68	$27.50	39.3%	9.8%	42.4%	68.3%	34.6%	1.6%	-1.5%	7.4M	-132.8M	-2.1M	3.23	14.94	5,752	18,571	252,308	198,568
2024-06-26	$28.31	$27.50	39.3%	9.9%	42.5%	68.4%	35.4%	-3.0%	-1.4%	2.4M	-86.8M	-2.0M	2.01	12.83	9,209	18,534	255,957	212,231
2024-06-27	$28.43	$27.50	38.9%	9.6%	39.9%	66.5%	33.6%	1.7%	-0.7%	3.5M	-95.4M	-2.0M	0.92	22.79	7,475	6,910	258,744	214,569
2024-06-28	$28.41	$27.50	38.9%	9.7%	39.8%	66.3%	34.0%	1.1%	-0.8%	-4.2M	-92.6M	-2.0M	1.72	10.66	9,160	15,784	261,625	217,286