LUV Options History — December 2024

In December 2024, LUV traded between $32.64 and $35.20. ATM implied volatility averaged 32.2%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 6.9% (HV 20d: 25.4%). Max pain ranged from $30.00 to $32.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.59.

Notable Days

2024-12-05: Highest Volume — 41,198 contracts
2024-12-30: Largest IV spike — 44.3% change
2024-12-30: Highest IV Rank — 71.9%
2024-12-19: Largest Expected Move — 10.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.51	$32.64	$35.20	$33.14	$33.61
Max Pain	$30.48	$30.00	$32.50	$30.00	$32.50
ATM IV	32.2%	23.7%	46.2%	30.9%	35.8%
Expected Move	9.2%	8.7%	10.0%	8.9%	9.1%
HV 20d	25.4%	22.6%	28.2%	24.1%	24.2%
HV 60d	29.8%	26.8%	31.4%	30.0%	26.8%
IV Rank	21.6%	0.0%	71.9%	4.8%	38.5%
IV Percentile	19.1%	0.0%	99.2%	6.3%	50.8%
Term Structure	1.6%	-0.8%	7.1%	-0.5%	-0.5%
VWIV	32.3%	30.6%	35.1%	30.6%	32.5%
Skew 25d	1.6%	-1.3%	9.2%	-0.0%	2.4%
Skew 10d	4.4%	0.7%	15.2%	0.7%	3.4%
Call IV 25d	31.4%	26.1%	35.6%	30.2%	35.5%
Put IV 25d	33.0%	28.9%	37.9%	30.2%	37.9%
Bid-Ask Spread %	13.59	2.52	42.99	23.49	6.94
Gamma HHI	0.17	0.13	0.33	0.14	0.17
Net GEX	7.7M	3.6M	21.6M	6.5M	3.9M
Net DEX	-191.0M	-377.1M	-116.4M	-195.3M	-122.2M
Net VEX	-1.2M	-1.3M	-1.1M	-1.2M	-1.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.10	1.33	0.35	0.81
Total Volume	13,750.381	4,742	41,198	29,199	6,117
Total OI	368,585.286	309,655	405,789	365,199	311,654

Daily Data (21 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
2024-12-02	$33.14	$30.00	30.9%	8.9%	24.1%	4.8%	30.6%	-0.0%	-0.5%	6.5M	-195.3M	-1.2M	0.35	23.49	21,619	7,580	178,036	187,163
2024-12-03	$33.06	$30.00	29.9%	8.9%	22.6%	0.8%	31.6%	1.7%	1.3%	7.8M	-201.2M	-1.2M	0.61	22.85	7,154	4,354	189,939	191,129
2024-12-04	$33.89	$30.00	29.2%	8.9%	23.5%	0.0%	31.2%	-1.2%	1.9%	10.2M	-261.6M	-1.2M	0.20	42.99	16,464	3,289	192,515	193,156
2024-12-05	$35.20	$30.00	32.6%	9.3%	24.9%	13.4%	32.8%	1.9%	1.9%	12.1M	-377.1M	-1.2M	0.62	33.24	25,389	15,809	202,428	193,319
2024-12-06	$34.09	$30.00	30.3%	9.1%	28.2%	4.3%	32.5%	1.3%	1.7%	21.6M	-289.0M	-1.3M	0.35	3.23	9,473	3,270	204,802	200,987
2024-12-09	$34.02	$30.00	30.2%	9.0%	28.2%	3.8%	32.2%	0.0%	1.9%	9.2M	-247.9M	-1.3M	1.33	2.52	4,959	6,600	192,606	193,606
2024-12-10	$33.53	$30.00	30.9%	9.3%	27.2%	6.8%	31.3%	2.0%	2.0%	8.2M	-211.0M	-1.2M	0.55	12.30	3,670	2,024	193,932	196,222
2024-12-11	$33.50	$30.00	23.7%	9.2%	26.0%	0.0%	31.9%	9.2%	1.0%	8.1M	-209.1M	-1.2M	0.76	27.50	4,588	3,492	195,106	196,951
2024-12-12	$33.33	$30.00	31.3%	9.2%	25.7%	24.1%	31.8%	1.3%	1.1%	8.0M	-197.6M	-1.2M	0.49	20.36	7,775	3,795	196,695	196,858
2024-12-13	$32.95	$30.00	30.6%	9.0%	26.0%	22.1%	31.4%	-1.3%	1.2%	5.4M	-167.0M	-1.2M	0.44	3.24	5,569	2,464	197,416	195,270
2024-12-16	$32.66	$30.00	31.5%	9.0%	26.1%	24.9%	32.3%	1.0%	-0.2%	6.6M	-147.7M	-1.2M	0.45	2.81	7,872	3,552	192,489	192,022
2024-12-17	$32.75	$30.00	32.8%	9.4%	26.0%	29.0%	33.6%	1.7%	-0.4%	7.0M	-152.3M	-1.1M	0.61	3.77	8,591	5,221	194,868	193,072
2024-12-18	$32.64	$30.00	34.8%	10.0%	26.0%	35.4%	34.6%	1.4%	-0.8%	6.7M	-144.7M	-1.1M	0.46	26.76	8,705	3,990	196,139	194,780
2024-12-19	$32.78	$30.00	35.0%	10.0%	24.7%	36.2%	35.1%	1.6%	-0.2%	7.6M	-155.1M	-1.1M	0.46	4.42	3,595	1,664	195,742	195,165
2024-12-20	$33.17	$30.00	33.9%	9.8%	24.8%	32.6%	34.0%	1.8%	-0.6%	4.1M	-184.7M	-1.1M	0.95	3.32	8,207	7,762	195,951	195,615
2024-12-23	$33.67	$30.00	32.2%	9.2%	25.2%	27.1%	32.2%	1.4%	4.9%	3.6M	-153.4M	-1.1M	0.78	16.86	14,031	10,940	154,308	160,700
2024-12-24	$34.20	$30.00	32.4%	8.7%	25.0%	27.9%	30.7%	3.5%	7.1%	6.3M	-183.7M	-1.2M	0.10	7.10	19,735	2,034	160,671	165,214
2024-12-26	$34.21	$32.50	30.9%	8.7%	24.4%	23.1%	32.6%	1.5%	4.9%	8.1M	-153.8M	-1.2M	0.40	8.46	4,987	2,004	154,806	166,295
2024-12-27	$33.90	$32.50	32.0%	8.8%	24.7%	26.6%	31.4%	1.2%	4.8%	6.2M	-139.7M	-1.1M	0.99	5.31	2,846	2,826	155,856	167,153
2024-12-30	$33.50	$32.50	46.2%	9.2%	25.2%	71.9%	32.1%	1.7%	-0.1%	3.7M	-116.4M	-1.1M	0.77	7.95	2,675	2,067	145,137	164,518
2024-12-31	$33.61	$32.50	35.8%	9.1%	24.2%	38.5%	32.5%	2.4%	-0.5%	3.9M	-122.2M	-1.1M	0.81	6.94	3,372	2,745	146,121	165,533