LUV Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $42.01 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.74

84k P / 114k C

Put/Call (Volume)

0.14

2k P / 12k C that session

30d ATM IV

48%

annualized implied move

Call wall

$47.5

15k contracts

Put wall

$37.5

8k contracts

Tail hedging

0.6×

deep-OTM puts vs calls

What the positioning says

●Call wall at $47.5 (15k contracts), 13% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $37.5 (8k contracts), 11% below spot — the hedge floor; often acts as support.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	3k	1k	0.48	1k
2026-10-16	21k	9k	0.43	1k
2026-10-23	2k	1k	0.76	3k
2026-10-30	424	282	0.67	446
2026-11-06	89	25	0.28	14
2026-11-13	1	0	0.00	39
2026-11-20	7k	1k	0.19	367
2026-12-18	14k	7k	0.50	174
2027-01-15	41k	20k	0.50	6k
2027-03-19	7k	16k	2.19	22
2027-06-17	1k	6k	4.31	15
2027-09-17	841	4k	4.56	9
2028-01-21	13k	16k	1.21	30
2029-01-19	91	29	0.32	2

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.