LUV Options History — June 2025

In June 2025, LUV traded between $31.23 and $34.50. ATM implied volatility averaged 36.2%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 4.5% (HV 20d: 31.7%). Max pain ranged from $31.00 to $32.50. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.63.

Notable Days

2025-06-17: Highest Volume — 34,977 contracts
2025-06-25: Largest IV spike — 32.7% change
2025-06-30: Highest IV Rank — 29.4%
2025-06-18: Largest Expected Move — 11.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.35	$31.23	$34.50	$32.99	$32.38
Max Pain	$32.27	$31.00	$32.50	$31.00	$32.50
ATM IV	36.2%	28.8%	41.2%	28.8%	41.2%
Expected Move	10.4%	9.8%	11.8%	10.1%	10.0%
HV 20d	31.7%	28.6%	35.6%	28.6%	30.3%
HV 60d	59.8%	58.6%	62.0%	62.0%	58.6%
IV Rank	21.1%	8.6%	29.4%	8.6%	29.4%
IV Percentile	42.5%	0.8%	77.4%	0.8%	77.4%
Term Structure	3.3%	-4.8%	15.6%	13.1%	-1.0%
VWIV	36.2%	33.0%	42.4%	35.4%	36.3%
Skew 25d	5.5%	3.9%	9.2%	5.4%	4.7%
Skew 10d	11.9%	3.2%	23.9%	9.8%	9.3%
Call IV 25d	34.6%	30.1%	40.2%	32.6%	37.8%
Put IV 25d	40.2%	34.5%	45.5%	38.0%	42.4%
Bid-Ask Spread %	36.44	3.37	58.40	33.93	9.63
Gamma HHI	0.16	0.11	0.21	0.19	0.19
Net GEX	2.5M	-3.8M	9.5M	4.7M	-379.8K
Net DEX	-58.0M	-300.6M	80.9M	-136.4M	-14.0M
Net VEX	-1.7M	-1.9M	-1.6M	-1.9M	-1.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.63	0.24	5.17	1.83	1.36
Total Volume	14,890.85	4,101	34,977	9,732	8,976
Total OI	433,463.1	351,811	473,866	443,890	351,811

Daily Data (20 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
2025-06-02	$32.99	$31.00	28.8%	10.1%	28.6%	8.6%	35.4%	5.4%	13.1%	4.7M	-136.4M	-1.9M	1.83	33.93	3,436	6,296	220,284	223,606
2025-06-03	$32.64	$31.00	32.5%	10.0%	29.1%	14.8%	35.1%	6.0%	3.0%	4.4M	-108.1M	-1.9M	2.56	37.29	2,176	5,563	221,478	222,077
2025-06-04	$32.37	$31.00	34.7%	10.0%	29.1%	18.6%	35.1%	5.2%	1.9%	3.7M	-81.9M	-1.8M	0.85	45.78	5,598	4,739	222,618	222,356
2025-06-05	$32.53	$32.50	33.7%	10.1%	28.7%	16.9%	34.6%	6.8%	11.7%	4.5M	-96.3M	-1.8M	0.70	48.75	10,785	7,501	223,929	223,443
2025-06-06	$33.45	$32.50	32.5%	10.0%	28.8%	14.9%	33.8%	4.4%	0.1%	8.6M	-192.2M	-1.8M	1.03	3.37	3,856	3,978	231,595	228,997
2025-06-09	$33.66	$32.50	32.7%	10.4%	28.8%	15.2%	33.7%	5.7%	3.0%	7.7M	-207.1M	-1.8M	0.24	47.20	8,474	2,011	226,479	225,636
2025-06-10	$34.50	$32.50	35.7%	10.1%	29.6%	20.3%	36.4%	5.6%	-1.9%	9.5M	-300.6M	-1.8M	1.35	34.00	8,858	11,972	231,612	226,338
2025-06-11	$33.34	$32.50	35.6%	10.7%	32.3%	20.1%	36.1%	5.0%	2.0%	7.0M	-173.4M	-1.8M	1.48	56.42	5,256	7,756	233,948	231,193
2025-06-12	$32.53	$32.50	35.8%	10.5%	33.6%	20.5%	36.2%	5.6%	1.1%	4.4M	-90.4M	-1.8M	1.36	57.44	4,321	5,861	236,435	233,853
2025-06-13	$31.55	$32.50	38.9%	11.1%	35.2%	25.5%	41.4%	3.9%	-0.6%	1.4M	6.1M	-1.7M	4.48	53.45	4,428	19,846	238,043	233,844
2025-06-16	$32.22	$32.50	34.6%	10.5%	34.5%	18.4%	36.6%	5.1%	6.2%	3.4M	-53.7M	-1.7M	0.75	3.49	4,591	3,461	235,922	235,209
2025-06-17	$31.39	$32.50	37.7%	10.7%	35.6%	23.7%	42.4%	6.0%	8.8%	210.3K	28.0M	-1.7M	0.24	48.74	28,234	6,743	237,779	236,087
2025-06-18	$31.23	$32.50	41.0%	11.8%	35.6%	29.2%	38.4%	6.2%	3.6%	-2.6M	80.9M	-1.6M	5.17	58.40	3,646	18,863	223,212	238,065
2025-06-20	$31.43	$32.50	38.6%	10.2%	35.1%	25.1%	37.9%	6.5%	8.8%	-3.4M	80.2M	-1.7M	3.04	53.53	6,017	18,281	224,531	243,235
2025-06-23	$31.81	$32.50	41.1%	11.6%	34.9%	29.3%	38.3%	5.3%	-0.9%	297.4K	11.1M	-1.6M	1.53	26.54	9,769	14,961	178,626	189,510
2025-06-24	$31.93	$32.50	30.0%	9.9%	34.7%	10.7%	34.3%	9.2%	15.6%	843.8K	6.4M	-1.6M	2.04	4.00	4,721	9,607	185,480	188,846
2025-06-25	$31.28	$32.50	39.9%	10.0%	29.9%	27.2%	33.0%	4.5%	-0.8%	-3.3M	58.9M	-1.6M	1.30	45.87	2,354	3,063	187,092	193,699
2025-06-26	$31.49	$32.50	40.0%	10.0%	29.9%	27.5%	35.2%	4.9%	-2.8%	-3.8M	43.2M	-1.6M	0.62	50.70	2,527	1,574	187,807	192,470
2025-06-27	$32.25	$32.50	38.9%	9.8%	30.3%	25.6%	33.3%	5.0%	-4.8%	3.9M	-21.5M	-1.6M	0.62	10.24	10,962	6,756	189,063	193,054
2025-06-30	$32.38	$32.50	41.2%	10.0%	30.3%	29.4%	36.3%	4.7%	-1.0%	-379.8K	-14.0M	-1.6M	1.36	9.63	3,808	5,168	164,651	187,160