LUV Options History — October 2024

In October 2024, LUV traded between $29.02 and $31.66. ATM implied volatility averaged 38.8%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 6.4% (HV 20d: 32.4%). Max pain ranged from $27.50 to $30.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.56.

Notable Days

2024-10-24: Highest Volume — 39,021 contracts
2024-10-24: Largest IV drop — 7.7% change
2024-10-07: Highest IV Rank — 52.4%
2024-10-23: Largest Expected Move — 11.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.45	$29.02	$31.66	$29.99	$30.63
Max Pain	$29.78	$27.50	$30.00	$27.50	$30.00
ATM IV	38.8%	34.0%	43.0%	41.2%	35.6%
Expected Move	11.0%	9.9%	11.9%	10.3%	10.9%
HV 20d	32.4%	29.4%	34.0%	31.2%	33.1%
HV 60d	35.4%	30.7%	38.7%	38.0%	31.6%
IV Rank	35.9%	17.2%	52.4%	45.6%	23.3%
IV Percentile	64.4%	28.6%	93.3%	82.9%	44.8%
Term Structure	-0.6%	-3.6%	3.2%	0.8%	-0.0%
VWIV	38.2%	34.4%	41.5%	36.0%	38.9%
Skew 25d	3.0%	1.5%	5.2%	3.8%	2.8%
Skew 10d	5.3%	-4.0%	9.7%	6.6%	-4.0%
Call IV 25d	37.5%	33.7%	41.1%	38.3%	35.0%
Put IV 25d	40.5%	35.7%	44.9%	42.1%	37.7%
Bid-Ask Spread %	12.23	2.98	45.58	45.58	3.78
Gamma HHI	0.10	0.08	0.22	0.08	0.08
Net GEX	3.4M	-1.2M	8.7M	2.0M	4.1M
Net DEX	-105.3M	-188.6M	16.3M	-96.8M	-91.4M
Net VEX	-1.5M	-1.6M	-1.3M	-1.6M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.18	0.99	0.81	0.41
Total Volume	17,236.565	5,021	39,021	13,683	9,287
Total OI	385,337.696	329,092	414,117	394,783	366,976

Daily Data (23 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
2024-10-01	$29.99	$27.50	41.2%	10.3%	31.2%	45.6%	36.0%	3.8%	0.8%	2.0M	-96.8M	-1.6M	0.81	45.58	7,550	6,133	197,301	197,482
2024-10-02	$29.46	$27.50	40.6%	9.9%	31.9%	43.2%	34.4%	5.0%	0.7%	-25.9K	-56.2M	-1.5M	0.61	7.20	3,120	1,901	199,779	199,819
2024-10-03	$30.44	$30.00	41.7%	11.6%	33.5%	47.5%	40.2%	3.1%	-0.8%	3.6M	-134.4M	-1.6M	0.43	19.86	20,290	8,823	201,346	199,932
2024-10-04	$31.06	$30.00	40.6%	11.2%	33.9%	43.2%	37.7%	2.3%	3.2%	8.7M	-188.6M	-1.6M	0.32	27.11	25,322	8,206	207,120	204,595
2024-10-07	$30.95	$30.00	43.0%	11.7%	34.0%	52.4%	40.3%	3.3%	-2.6%	4.9M	-160.6M	-1.6M	0.62	4.81	12,702	7,825	204,653	192,719
2024-10-08	$30.66	$30.00	41.9%	11.7%	33.3%	48.4%	40.4%	3.9%	-1.2%	4.0M	-133.6M	-1.6M	0.42	15.37	8,294	3,483	208,919	198,548
2024-10-09	$30.59	$30.00	41.2%	11.6%	32.2%	45.6%	40.2%	2.7%	-1.1%	3.7M	-127.6M	-1.5M	0.81	4.58	7,698	6,245	208,744	199,979
2024-10-10	$30.34	$30.00	40.3%	11.1%	32.3%	41.8%	38.4%	2.8%	-1.7%	3.2M	-105.4M	-1.5M	0.70	2.98	3,222	2,269	212,354	201,763
2024-10-11	$30.68	$30.00	39.2%	11.2%	32.5%	37.5%	37.6%	3.4%	-0.2%	3.3M	-128.7M	-1.5M	0.69	3.08	6,460	4,478	212,905	200,664
2024-10-14	$30.32	$30.00	38.7%	11.0%	32.3%	35.6%	38.6%	2.7%	-0.6%	3.1M	-106.1M	-1.4M	0.79	3.79	8,838	6,950	198,850	194,252
2024-10-15	$30.49	$30.00	38.0%	10.8%	32.1%	32.8%	37.3%	3.0%	0.7%	3.7M	-118.9M	-1.4M	0.91	3.59	7,476	6,828	202,157	198,389
2024-10-16	$30.93	$30.00	38.8%	11.1%	32.0%	35.8%	38.1%	2.6%	-0.8%	4.6M	-147.4M	-1.5M	0.69	24.38	8,632	5,969	205,234	203,089
2024-10-17	$30.21	$30.00	38.8%	11.2%	33.4%	36.0%	39.0%	2.6%	-0.8%	3.8M	-96.5M	-1.4M	0.63	13.74	8,139	5,092	207,196	203,267
2024-10-18	$30.80	$30.00	40.2%	11.7%	34.0%	41.5%	40.3%	2.5%	-1.5%	6.5M	-163.9M	-1.4M	0.25	24.82	13,157	3,276	209,375	199,087
2024-10-21	$30.36	$30.00	38.5%	10.9%	33.9%	34.9%	37.3%	3.0%	-1.5%	1.7M	-66.1M	-1.4M	0.18	11.27	19,504	3,534	164,638	164,454
2024-10-22	$30.63	$30.00	38.7%	11.6%	34.0%	35.7%	40.1%	2.9%	-1.8%	2.8M	-81.1M	-1.4M	0.52	4.16	6,780	3,548	178,164	166,826
2024-10-23	$30.55	$30.00	39.3%	11.9%	29.8%	37.9%	41.5%	3.7%	-0.9%	2.9M	-82.1M	-1.4M	0.53	6.59	16,465	8,690	181,545	169,116
2024-10-24	$29.02	$30.00	36.2%	10.9%	29.7%	25.9%	37.1%	5.2%	0.7%	-1.2M	16.3M	-1.3M	0.35	21.78	28,905	10,116	188,691	174,281
2024-10-25	$29.30	$30.00	35.5%	10.3%	29.4%	23.1%	35.9%	1.8%	-1.3%	724.3K	-11.1M	-1.3M	0.99	4.82	8,406	8,360	199,647	175,925
2024-10-28	$30.34	$30.00	34.0%	10.4%	32.0%	17.2%	36.3%	2.2%	0.1%	2.4M	-74.9M	-1.4M	0.44	16.13	12,979	5,691	176,140	168,296
2024-10-29	$30.88	$30.00	35.3%	10.7%	32.4%	22.2%	36.6%	1.7%	-3.6%	4.2M	-106.0M	-1.4M	0.35	7.56	16,987	5,907	181,979	172,402
2024-10-30	$31.66	$30.00	34.6%	10.5%	32.6%	19.5%	36.9%	1.5%	0.5%	5.9M	-160.7M	-1.4M	0.39	4.37	9,316	3,588	188,638	175,531
2024-10-31	$30.63	$30.00	35.6%	10.9%	33.1%	23.3%	38.9%	2.8%	-0.0%	4.1M	-91.4M	-1.4M	0.41	3.78	6,582	2,705	190,020	176,956