LUV Options History — August 2024

In August 2024, LUV traded between $23.76 and $29.23. ATM implied volatility averaged 38.8%, placing in the 47.3% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 6.8% (HV 20d: 45.6%). Max pain ranged from $27.50 to $27.50. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.94.

Notable Days

2024-08-23: Highest Volume — 36,428 contracts
2024-08-05: Largest IV spike — 38.9% change
2024-08-05: Highest IV Rank — 100.0%
2024-08-05: Largest Expected Move — 15.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.45	$23.76	$29.23	$26.11	$28.94
Max Pain	$27.50	$27.50	$27.50	$27.50	$27.50
ATM IV	38.8%	34.2%	55.0%	35.6%	39.6%
Expected Move	10.7%	9.6%	15.5%	10.4%	9.6%
HV 20d	45.6%	34.0%	50.6%	47.6%	34.0%
HV 60d	41.3%	38.9%	42.3%	38.9%	41.1%
IV Rank	47.3%	30.1%	100.0%	49.2%	48.2%
IV Percentile	69.0%	40.9%	100.0%	57.5%	76.2%
Term Structure	0.0%	-4.6%	4.3%	-1.0%	1.5%
VWIV	37.3%	33.8%	48.5%	36.2%	33.8%
Skew 25d	4.7%	1.4%	28.3%	3.3%	2.3%
Skew 10d	8.9%	3.1%	44.8%	6.1%	4.3%
Call IV 25d	36.3%	32.4%	41.4%	34.2%	38.8%
Put IV 25d	41.0%	35.8%	69.5%	37.5%	41.1%
Bid-Ask Spread %	13.96	3.07	36.90	28.61	7.76
Gamma HHI	0.20	0.14	0.35	0.17	0.25
Net GEX	3.3M	-2.7M	13.7M	-680.5K	13.7M
Net DEX	4.3M	-201.2M	130.2M	66.1M	-176.1M
Net VEX	-1.8M	-1.9M	-1.6M	-1.7M	-1.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.94	0.19	2.84	0.42	0.34
Total Volume	19,395.727	5,994	36,428	23,147	22,304
Total OI	466,406.773	426,256	497,512	426,256	485,694

Daily Data (22 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
2024-08-01	$26.11	$27.50	35.6%	10.4%	47.6%	49.2%	36.2%	3.3%	-1.0%	-680.5K	66.1M	-1.7M	0.42	28.61	16,279	6,868	235,827	190,429
2024-08-02	$24.91	$27.50	39.6%	12.0%	46.2%	67.8%	40.3%	4.0%	0.3%	-2.7M	122.4M	-1.6M	0.63	8.11	19,569	12,383	247,054	192,938
2024-08-05	$23.76	$27.50	55.0%	15.5%	48.4%	100.0%	48.5%	28.3%	-4.6%	-382.9K	121.6M	-1.7M	1.59	36.90	11,555	18,428	249,470	187,190
2024-08-06	$24.41	$27.50	41.7%	11.5%	49.6%	55.3%	39.9%	5.1%	-3.5%	-1.6M	130.2M	-1.6M	0.85	12.99	6,158	5,211	252,747	196,584
2024-08-07	$24.45	$27.50	42.7%	11.6%	49.5%	58.8%	40.8%	5.3%	-1.8%	-1.3M	126.8M	-1.6M	2.44	12.18	4,653	11,371	255,853	197,347
2024-08-08	$25.20	$27.50	39.1%	11.2%	50.6%	46.5%	38.8%	5.1%	-2.7%	273.3K	88.8M	-1.7M	1.19	11.57	3,427	4,072	257,496	200,507
2024-08-09	$25.30	$27.50	40.6%	10.7%	49.7%	51.5%	36.9%	3.3%	-1.6%	607.7K	85.2M	-1.6M	0.24	4.22	23,080	5,596	258,628	201,827
2024-08-12	$25.44	$27.50	37.8%	11.0%	49.8%	42.2%	38.0%	8.2%	3.8%	383.7K	78.3M	-1.6M	0.19	12.54	11,169	2,150	252,148	192,113
2024-08-13	$25.43	$27.50	37.5%	10.6%	47.0%	41.1%	37.1%	5.9%	-0.8%	972.1K	77.3M	-1.6M	2.84	4.63	5,516	15,662	261,561	193,678
2024-08-14	$25.45	$27.50	36.9%	10.3%	47.0%	39.1%	36.1%	4.0%	-0.8%	-555.1K	90.7M	-1.7M	0.95	19.61	7,844	7,490	262,301	207,428
2024-08-15	$26.48	$27.50	34.2%	9.7%	47.7%	30.1%	35.0%	3.5%	-0.4%	3.1M	13.2M	-1.8M	0.94	3.07	15,385	14,526	266,924	212,217
2024-08-16	$26.30	$27.50	35.1%	10.1%	47.7%	33.1%	35.9%	3.3%	-0.0%	1.8M	27.0M	-1.8M	0.70	8.85	11,164	7,760	273,173	224,339
2024-08-19	$26.71	$27.50	34.6%	9.9%	47.8%	31.5%	37.7%	1.4%	3.5%	2.2M	-1.0M	-1.8M	0.98	3.07	10,553	10,330	253,916	207,243
2024-08-20	$26.63	$27.50	34.8%	10.0%	47.3%	32.2%	35.0%	1.8%	3.5%	2.4M	3.0M	-1.8M	1.92	3.72	3,933	7,548	262,965	214,467
2024-08-21	$26.63	$27.50	34.6%	9.9%	46.9%	31.7%	35.4%	3.0%	3.6%	2.6M	5.2M	-1.8M	1.50	22.06	2,402	3,592	264,344	220,271
2024-08-22	$26.96	$27.50	37.2%	10.4%	42.1%	40.1%	36.4%	2.5%	4.3%	4.8M	-27.2M	-1.9M	0.53	9.97	9,471	5,025	265,184	222,548
2024-08-23	$28.14	$27.50	36.4%	10.1%	43.6%	37.6%	34.9%	2.5%	3.0%	7.7M	-127.6M	-1.9M	0.29	33.10	28,326	8,102	268,778	224,421
2024-08-26	$28.16	$27.50	39.5%	10.3%	40.2%	48.1%	36.3%	3.0%	-1.6%	7.4M	-106.4M	-1.9M	0.52	8.18	10,336	5,341	259,642	209,377
2024-08-27	$29.23	$27.50	40.4%	10.3%	40.6%	50.9%	35.9%	2.7%	-1.3%	11.8M	-201.2M	-1.9M	0.55	24.63	18,208	10,101	262,472	209,425
2024-08-28	$28.54	$27.50	41.9%	10.3%	41.8%	56.0%	36.4%	3.0%	-1.5%	9.1M	-136.3M	-1.9M	0.63	5.06	7,786	4,891	266,893	211,937
2024-08-29	$28.81	$27.50	39.7%	9.9%	39.2%	48.5%	35.3%	2.5%	-1.1%	10.6M	-165.4M	-1.9M	0.36	26.33	8,181	2,960	269,334	212,259
2024-08-30	$28.94	$27.50	39.6%	9.6%	34.0%	48.2%	33.8%	2.3%	1.5%	13.7M	-176.1M	-1.8M	0.34	7.76	16,696	5,608	272,494	213,200