LTPZ Options History — August 2014

In August 2014, LTPZ traded between $65.75 and $67.74. ATM implied volatility averaged 10.9%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded below realized volatility by 1.7% (HV 20d: 12.5%). Max pain ranged from $67.00 to $68.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-08-15: Highest Volume — 10 contracts
  • 2014-08-28: Largest IV spike — 13.8% change
  • 2014-08-18: Highest IV Rank — 10.6%
  • 2014-08-06: Largest Expected Move — 3.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$66.54$65.75$67.74$66.15$67.34
Max Pain$67.20$67.00$68.00$68.00$67.00
ATM IV10.9%9.3%12.0%10.8%11.1%
Expected Move3.6%3.4%3.6%3.5%3.6%
HV 20d12.5%10.8%13.5%13.0%11.0%
HV 60d12.6%11.3%13.3%13.2%11.5%
IV Rank8.5%5.6%10.6%8.4%8.8%
IV Percentile38.8%11.5%63.1%32.9%41.3%
Term Structure0.2%-1.1%1.5%0.6%0.3%
VWIV12.5%12.5%12.5%12.5%12.5%
Skew 25d0.0%-1.6%2.6%0.4%-0.4%
Skew 10d-0.3%-4.2%4.4%1.7%0.0%
Call IV 25d10.3%8.1%13.2%8.1%8.8%
Put IV 25d10.3%8.4%12.1%8.5%8.4%
Bid-Ask Spread %63.8853.0273.0153.0261.28
Gamma HHI0.300.250.380.270.38
Net GEX-5.6K-17.5K14.6K-17.5K11.5K
Net DEX-70.5K-247.8K38.9K16.4K-149.5K
Net VEX-1.9K-2.1K-1.6K-2.0K-1.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.95201000
Total OI251.095243263243253

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-08-01$66.15$0.0010.8%3.5%13.0%8.4%0.0%0.4%0.6%-17.5K16.4K-2.0K0.0053.020068175
2014-08-04$65.81$0.0010.8%3.6%12.9%8.4%0.0%0.7%1.3%-15.3K32.6K-2.1K0.0063.430068175
2014-08-05$65.88$0.0010.1%3.6%12.5%7.1%0.0%2.6%-0.4%-14.9K26.6K-1.9K0.0063.130068175
2014-08-06$66.01$0.0010.8%3.6%12.3%8.3%0.0%0.0%-0.2%-13.4K18.3K-2.1K0.0061.590068175
2014-08-07$66.72$0.009.5%3.6%12.8%6.0%0.0%-0.1%1.3%-8.9K-42.1K-1.9K0.0059.050068175
2014-08-08$66.48$0.009.3%3.6%12.6%5.6%0.0%-1.6%-0.2%-9.0K-34.9K-1.9K0.0059.590068175
2014-08-11$66.22$0.0010.0%3.4%12.4%7.0%0.0%-1.1%0.6%-10.4K-16.3K-1.9K0.0055.550068175
2014-08-12$65.75$0.0010.5%3.6%12.7%7.9%0.0%0.8%0.1%-15.6K38.9K-2.0K0.0063.420068175
2014-08-13$66.13$0.0010.8%3.6%12.8%8.4%0.0%-0.1%0.3%-14.7K-2.0K-1.8K0.0066.980068175
2014-08-14$66.82$0.0010.5%3.6%12.2%7.9%0.0%1.0%1.5%-8.9K-74.6K-1.7K0.0064.510068175
2014-08-15$67.41$0.0011.4%3.6%12.4%9.5%12.5%-1.2%0.9%-427-137.2K-1.6K0.0065.3910068175
2014-08-18$66.56$68.0012.0%3.6%13.3%10.6%0.0%-0.4%-1.1%-4.4K-88.8K-1.9K0.0063.740078175
2014-08-19$66.10$68.0011.7%3.6%13.5%9.9%12.5%0.9%-0.7%-8.2K-37.5K-1.9K0.0068.5010078175
2014-08-20$65.93$67.0011.2%3.6%13.5%9.0%0.0%-0.8%0.1%-12.1K-36.0K-2.1K0.0073.010088175
2014-08-21$66.46$67.0011.3%3.6%13.5%9.2%0.0%2.6%-1.0%-6.9K-87.6K-2.0K0.0068.160088175
2014-08-22$66.86$67.0011.4%3.5%12.7%9.5%0.0%1.0%-0.2%-2.4K-157.6K-1.8K0.0062.040088175
2014-08-25$67.04$67.0010.9%3.6%12.7%8.5%0.0%-0.4%0.7%6.3K-166.7K-1.9K0.0069.100088175
2014-08-26$66.79$67.0011.6%3.6%12.6%9.7%0.0%-1.1%-0.5%3.5K-149.9K-1.9K0.0066.540088175
2014-08-27$67.11$67.0010.5%3.5%10.8%7.9%0.0%-0.6%0.2%8.8K-184.5K-1.8K0.0063.740088175
2014-08-28$67.74$67.0011.9%3.6%11.0%10.4%0.0%-1.4%-0.4%14.6K-247.8K-1.8K0.0069.690088175
2014-08-29$67.34$67.0011.1%3.6%11.0%8.8%0.0%-0.4%0.3%11.5K-149.5K-1.8K0.0061.280078175