LUV Options History — July 2024

In July 2024, LUV traded between $26.18 and $28.79. ATM implied volatility averaged 40.4%, placing in the 73.2% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 3.6% (HV 20d: 36.8%). Max pain ranged from $27.50 to $30.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.85.

Notable Days

  • 2024-07-25: Highest Volume — 58,514 contracts
  • 2024-07-25: Largest IV drop — 18.8% change
  • 2024-07-24: Highest IV Rank — 100.0%
  • 2024-07-24: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.56$26.18$28.79$28.18$27.09
Max Pain$27.61$27.50$30.00$27.50$27.50
ATM IV40.4%35.7%46.4%39.8%39.0%
Expected Move11.2%8.9%13.4%10.0%8.9%
HV 20d36.8%26.9%46.7%38.3%46.7%
HV 60d37.7%35.7%39.3%36.7%39.3%
IV Rank73.2%49.3%100.0%70.5%65.2%
IV Percentile84.4%59.1%100.0%86.9%74.6%
Term Structure-1.5%-10.7%6.7%-0.7%-9.8%
VWIV39.3%31.0%46.5%35.5%31.0%
Skew 25d1.7%-1.3%4.9%0.8%2.0%
Skew 10d4.9%1.4%29.1%3.6%3.8%
Call IV 25d39.3%32.7%45.5%38.5%32.7%
Put IV 25d41.0%34.7%47.0%39.2%34.7%
Bid-Ask Spread %16.372.8540.9640.9628.95
Gamma HHI0.190.140.310.180.16
Net GEX2.7M-3.4M9.5M4.7M1.2M
Net DEX-16.7M-129.6M70.1M-62.4M4.8M
Net VEX-1.8M-2.1M-1.6M-2.0M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.142.440.920.23
Total Volume24,372.1828,17858,51414,78431,660
Total OI434,232373,131477,232450,195403,947

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$28.18$27.5039.8%10.0%38.3%70.5%35.5%0.8%-0.7%4.7M-62.4M-2.0M0.9240.967,6967,088245,707204,488
2024-07-02$28.19$27.5039.3%10.0%36.6%68.4%35.3%2.0%-0.9%4.6M-62.5M-2.0M0.7611.104,8543,705249,147208,688
2024-07-03$28.74$27.5041.3%10.1%37.2%77.8%35.3%2.3%-4.3%9.5M-119.9M-2.1M0.9738.254,1454,033251,315209,810
2024-07-05$27.13$30.0040.5%11.2%41.9%73.9%39.0%1.5%-1.6%-1.1M39.5M-1.9M0.7611.2911,2478,558253,944210,422
2024-07-08$27.31$27.5041.6%11.5%41.5%79.4%40.4%1.5%-1.6%243.5K15.3M-1.9M0.4121.8811,9394,836241,772206,161
2024-07-09$27.51$27.5040.9%11.6%41.6%76.0%40.4%1.0%-0.4%943.5K-5.5M-1.9M0.6012.775,4413,285248,244208,727
2024-07-10$27.66$27.5041.5%11.9%32.2%79.1%41.3%4.9%6.3%1.7M-21.5M-1.9M0.9824.556,2286,098251,158211,304
2024-07-11$26.98$27.5040.2%10.9%26.9%72.5%40.3%1.5%-2.0%-3.4M59.7M-1.8M1.1814.8412,36814,630252,666214,732
2024-07-12$27.64$27.5039.0%10.9%28.2%66.7%40.7%1.7%-1.3%3.1M-16.4M-1.9M0.2824.3427,4107,658255,870221,362
2024-07-15$27.66$27.5040.8%11.6%28.0%75.3%40.4%1.5%-1.6%4.2M-30.4M-1.9M0.484.876,2673,003243,646200,019
2024-07-16$28.79$27.5041.0%11.7%31.5%76.5%41.6%2.1%-1.0%8.4M-129.6M-1.9M0.422.9914,4556,103246,795201,459
2024-07-17$28.49$27.5043.7%12.5%31.3%89.5%42.5%2.3%-2.9%7.4M-105.6M-1.9M0.192.8526,2064,991250,610203,615
2024-07-18$27.34$27.5042.3%12.2%34.3%82.8%42.8%1.2%-1.4%3.9M4.6M-1.8M1.269.236,0017,587248,169203,733
2024-07-19$27.34$27.5042.5%12.4%34.2%83.9%43.7%1.5%-2.4%6.2M20.3M-1.8M1.222.896,4337,850249,354201,990
2024-07-22$27.68$27.5041.9%12.5%34.3%80.9%42.2%2.6%-10.7%2.6M-21.5M-1.8M0.145.2744,6006,266202,303170,828
2024-07-23$27.13$27.5041.9%12.4%34.7%81.0%43.2%1.5%-3.2%1.8M81.0K-1.7M2.4436.236,68616,310207,435170,943
2024-07-24$26.63$27.5046.4%13.4%35.2%100.0%46.5%-1.3%-5.8%335.8K38.4M-1.7M1.1921.9218,49521,966209,346180,389
2024-07-25$28.20$27.5037.7%10.3%41.0%58.9%36.2%1.6%6.7%3.7M-65.9M-1.8M1.1021.9427,90430,610219,087191,490
2024-07-26$27.36$27.5036.3%9.7%42.4%52.4%34.8%1.6%6.0%793.8K11.1M-1.7M1.7714.1115,53127,512221,019200,203
2024-07-29$26.18$27.5035.9%10.3%44.9%50.3%36.3%1.6%0.7%-1.1M70.1M-1.6M0.825.3911,1369,107203,453182,847
2024-07-30$27.05$27.5035.7%10.4%46.7%49.3%36.0%1.9%-2.2%819.4K9.3M-1.7M0.613.5217,57210,718208,642186,265
2024-07-31$27.09$27.5039.0%8.9%46.7%65.2%31.0%2.0%-9.8%1.2M4.8M-1.7M0.2328.9525,7635,897216,226187,721