LUV Options History — November 2024

In November 2024, LUV traded between $30.05 and $32.59. ATM implied volatility averaged 32.7%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 0.1% (HV 20d: 32.5%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.68.

Notable Days

  • 2024-11-13: Highest Volume — 27,755 contracts
  • 2024-11-11: Largest IV spike — 7.0% change
  • 2024-11-04: Highest IV Rank — 24.3%
  • 2024-11-01: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.83$30.05$32.59$30.63$32.47
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV32.7%30.3%35.9%35.1%30.9%
Expected Move9.4%8.7%10.4%10.4%8.9%
HV 20d32.5%23.3%36.6%32.3%23.3%
HV 60d31.0%29.8%32.0%31.1%29.9%
IV Rank11.8%2.3%24.3%21.4%4.7%
IV Percentile17.5%2.0%49.6%40.5%5.2%
Term Structure-0.1%-1.2%2.3%-0.5%-0.7%
VWIV32.8%30.0%36.5%36.5%31.0%
Skew 25d1.3%-3.7%3.2%1.9%1.7%
Skew 10d2.3%-13.4%12.0%3.5%2.5%
Call IV 25d32.1%29.3%35.3%34.4%29.3%
Put IV 25d33.4%28.8%37.3%36.4%31.0%
Bid-Ask Spread %16.954.3335.9231.924.33
Gamma HHI0.130.090.380.090.22
Net GEX6.2M963.6K17.8M2.4M8.6M
Net DEX-138.9M-209.0M-46.2M-93.8M-164.3M
Net VEX-1.3M-1.4M-1.2M-1.4M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.201.960.950.37
Total Volume14,627.15,26827,7556,7045,268
Total OI363,968347,589389,982367,507377,066

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-11-01$30.63$30.0035.1%10.4%32.3%21.4%36.5%1.9%-0.5%2.4M-93.8M-1.4M0.9531.923,4423,262190,067177,440
2024-11-04$30.05$30.0035.9%10.4%32.9%24.3%36.4%2.0%2.3%963.6K-46.2M-1.3M1.459.134,1706,038180,037172,554
2024-11-05$30.51$30.0035.2%10.4%33.3%21.7%35.9%2.5%0.6%2.5M-74.6M-1.3M0.5717.573,7852,165181,036170,339
2024-11-06$31.40$30.0032.8%9.4%34.8%12.4%33.0%2.2%0.1%5.3M-125.1M-1.3M0.2830.8317,8345,039181,084170,896
2024-11-07$31.37$30.0031.8%9.0%34.7%8.3%32.1%1.4%1.0%7.9M-122.1M-1.3M1.4035.927,26210,137189,832173,287
2024-11-08$31.66$30.0030.3%8.7%34.6%2.3%31.1%1.7%1.0%6.3M-141.4M-1.3M0.568.835,0432,820193,171175,531
2024-11-11$32.59$30.0032.4%9.2%35.5%10.7%32.2%-3.7%-1.0%7.7M-188.7M-1.3M0.2510.6719,1014,805181,359172,071
2024-11-12$31.94$30.0032.5%9.4%36.5%11.1%34.1%1.9%0.2%7.4M-154.5M-1.3M1.9612.513,6767,214189,955175,039
2024-11-13$32.45$30.0033.6%9.7%36.6%15.5%34.0%0.9%-0.6%8.8M-188.4M-1.3M0.2212.0622,7834,972190,922179,013
2024-11-14$32.33$30.0034.3%9.6%35.4%18.3%33.4%1.2%-1.2%10.1M-183.3M-1.3M0.456.1615,5486,995198,712181,637
2024-11-15$32.56$30.0033.3%9.4%34.9%14.4%32.9%0.9%-0.8%17.8M-209.0M-1.3M0.8220.3911,6619,555205,398184,584
2024-11-18$32.34$30.0033.0%9.4%34.5%13.1%32.8%1.6%1.3%5.4M-155.7M-1.3M0.368.9810,6703,889178,319173,876
2024-11-19$32.28$30.0033.8%9.7%34.5%16.4%33.6%3.2%-0.9%5.4M-148.2M-1.3M0.509.565,8152,933182,925176,270
2024-11-20$31.59$30.0032.5%9.3%35.5%11.2%32.6%1.0%-0.6%2.3M-101.0M-1.3M0.2125.899,4252,002183,378178,135
2024-11-21$31.87$30.0032.1%9.2%29.5%9.5%32.0%1.4%-0.5%2.8M-119.5M-1.3M0.2720.457,7002,079183,178178,960
2024-11-22$31.80$30.0031.2%9.0%29.5%5.9%31.3%1.1%-0.5%2.4M-116.7M-1.3M0.5427.397,2103,919185,483179,905
2024-11-25$32.39$30.0031.0%8.9%27.8%5.4%30.0%1.5%0.5%6.5M-164.2M-1.2M1.628.9810,22916,602176,265171,324
2024-11-26$32.00$30.0030.8%8.9%27.7%4.3%30.6%1.2%-0.5%5.8M-132.7M-1.3M0.204.4512,0282,374180,896186,277
2024-11-27$32.28$30.0030.9%8.9%26.5%4.7%31.2%0.4%-0.5%7.4M-148.3M-1.3M0.6232.898,0695,023186,274186,865
2024-11-29$32.47$30.0030.9%8.9%23.3%4.7%31.0%1.7%-0.7%8.6M-164.3M-1.2M0.374.333,8431,425187,280189,786