LTPZ Options History — November 2013

In November 2013, LTPZ traded between $58.19 and $59.73. ATM implied volatility averaged 11.8%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded below realized volatility by 0.1% (HV 20d: 11.9%). Max pain ranged from $65.00 to $68.00. Net GEX was positive for 15 of 18 trading days. Term structure was in contango for 15 of 18 days.

Notable Days

  • 2013-11-14: Largest IV spike — 26.7% change
  • 2013-11-01: Highest IV Rank — 15.3%
  • 2013-11-01: Largest Expected Move — 4.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.89$58.19$59.73$59.73$58.43
Max Pain$65.18$65.00$68.00$65.00$65.00
ATM IV11.8%9.4%14.3%14.3%13.0%
Expected Move3.6%3.1%4.1%4.1%3.7%
HV 20d11.9%9.0%13.6%9.0%13.2%
HV 60d12.5%11.8%13.3%12.9%11.8%
IV Rank10.1%5.1%15.3%15.3%12.6%
IV Percentile26.7%3.5%41.0%41.0%38.4%
Term Structure0.8%-0.4%1.7%1.3%-0.0%
Skew 25d1.5%0.9%2.8%1.5%1.6%
Skew 10d2.5%0.7%5.5%5.5%0.7%
Call IV 25d11.4%9.6%12.5%11.6%12.0%
Put IV 25d12.9%11.5%13.8%13.1%13.6%
Bid-Ask Spread %35.6226.5969.3969.3926.59
Gamma HHI0.870.471.000.781.00
Net GEX26601.5K03
Net DEX-288-2.0K00-2
Net VEX-1-8000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI15.944018016

Daily Data (18 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-11-01$59.73$0.0014.3%4.1%9.0%15.3%0.0%0.0%0.0%0000.0069.390000
2013-11-04$59.66$65.0011.7%3.5%9.0%9.9%0.0%1.5%1.3%1.5K-2.0K-80.0032.3500180
2013-11-05$59.17$65.0011.3%3.5%9.1%9.2%0.0%1.0%1.2%605-568-30.0036.2400180
2013-11-06$59.32$65.0011.6%3.6%9.2%9.8%0.0%1.9%1.2%936-875-40.0037.8000180
2013-11-07$59.66$65.0011.4%3.4%9.3%9.4%0.0%1.9%1.2%1.4K-1.5K-50.0035.8300180
2013-11-08$58.20$65.0012.2%3.8%12.7%10.9%0.0%1.2%1.3%94-86-10.0035.3500180
2013-11-11$58.35$65.009.8%3.7%12.8%5.9%0.0%1.5%1.5%39-4100.0039.2300180
2013-11-12$58.33$65.009.4%3.7%12.6%5.1%0.0%1.3%1.7%41-5100.0042.3500180
2013-11-14$58.78$65.0011.9%3.4%13.0%10.3%0.0%2.8%1.0%18-1700.0037.1300180
2013-11-15$58.92$68.0011.6%3.3%12.6%9.8%0.0%2.8%1.2%0000.0035.7600150
2013-11-18$59.42$65.0011.8%3.4%12.7%10.2%0.0%1.5%0.7%28-2600.0029.3000160
2013-11-19$58.76$65.0011.2%3.2%13.2%8.8%0.0%1.4%0.8%8-700.0028.0500160
2013-11-20$58.19$65.0010.8%3.1%13.6%8.1%0.0%1.2%0.4%0000.0035.1400160
2013-11-22$58.63$65.0012.4%3.5%13.1%11.3%0.0%1.4%0.2%16-1600.0032.6600160
2013-11-25$58.89$65.0012.8%3.7%13.3%12.2%0.0%1.6%0.1%14-1300.0029.0100160
2013-11-26$58.99$65.0012.5%3.6%13.1%11.6%0.0%1.1%0.1%25-2600.0029.2600160
2013-11-27$58.63$65.0012.7%3.6%13.2%12.0%0.0%0.9%-0.4%9-800.0029.6600160
2013-11-29$58.43$65.0013.0%3.7%13.2%12.6%0.0%1.6%-0.0%3-200.0026.5900160