LTPZ Options History — February 2020

In February 2020, LTPZ traded between $74.91 and $79.56. ATM implied volatility averaged 15.7%, placing in the 4.9% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 4.1% (HV 20d: 11.7%). Max pain ranged from $71.00 to $74.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-02-03: Highest Volume — 45 contracts
  • 2020-02-27: Largest IV spike — 192.5% change
  • 2020-02-27: Highest IV Rank — 20.8%
  • 2020-02-27: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$76.85$74.91$79.56$76.55$79.56
Max Pain$73.37$71.00$74.00$72.00$74.00
ATM IV15.7%9.9%45.5%14.2%14.8%
Expected Move4.5%2.8%13.0%4.1%4.2%
HV 20d11.7%10.6%12.3%10.6%12.1%
HV 60d12.2%11.9%12.4%11.9%12.1%
IV Rank4.9%1.7%20.8%4.1%4.4%
IV Percentile67.2%35.7%94.8%78.2%83.7%
Term Structure0.8%-3.1%23.7%-1.2%-3.1%
VWIV37.2%8.9%69.5%14.0%56.4%
Skew 25d4.7%-3.1%59.3%-0.7%-3.1%
Skew 10d5.6%-4.6%75.2%-2.5%-2.3%
Call IV 25d15.3%7.1%56.4%14.5%15.8%
Put IV 25d20.0%10.8%86.0%13.8%12.7%
Bid-Ask Spread %104.5366.04183.7076.85157.94
Gamma HHI0.510.230.920.320.58
Net GEX46.5K4.3K142.6K57.0K28.3K
Net DEX-257.1K-501.9K-126.0K-501.9K-278.5K
Net VEX-560-1.0K-280-1.0K-489
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume5045450
Total OI64.4742910810860

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-02-03$76.55$72.0014.2%4.1%10.6%4.1%14.0%-0.7%-1.2%57.0K-501.9K-1.0K0.0076.854501035
2020-02-04$75.57$72.0012.4%3.5%11.4%3.1%0.0%-0.8%-0.3%60.3K-412.3K-1.0K0.0094.351001025
2020-02-05$74.91$72.0011.9%3.4%11.6%2.8%8.9%-1.0%-0.6%55.5K-350.5K-1.0K0.0087.46501025
2020-02-06$75.45$71.0011.0%3.2%11.4%2.3%0.0%-1.1%0.6%63.1K-397.6K-9590.0066.04001025
2020-02-07$76.04$71.0012.6%3.4%11.6%3.2%0.0%-1.1%-0.4%64.5K-459.5K-9350.0071.77001025
2020-02-10$76.58$74.0013.5%3.6%11.4%3.7%0.0%-0.5%-1.0%38.8K-215.5K-4980.0074.1800525
2020-02-11$75.83$74.0012.4%3.5%12.1%3.1%0.0%-0.8%-0.8%36.8K-169.5K-4740.0073.6000525
2020-02-12$75.49$74.0011.4%3.3%12.2%2.5%0.0%-0.7%-0.1%34.8K-149.6K-4590.0084.0700525
2020-02-13$75.94$74.0011.5%3.3%12.3%2.6%0.0%-0.5%-0.0%40.1K-167.1K-4520.0092.9000525
2020-02-14$76.20$74.0011.4%3.3%12.2%2.5%0.0%-0.9%0.1%48.8K-179.1K-4430.0089.0700525
2020-02-18$76.75$74.0012.3%3.5%11.7%3.0%0.0%-0.5%-0.6%71.9K-220.3K-4140.0094.6600525
2020-02-19$76.63$74.0012.2%3.5%11.3%3.0%0.0%-0.4%-0.4%86.0K-200.8K-3950.0095.3900525
2020-02-20$77.11$74.0012.5%3.6%11.4%3.1%0.0%-0.5%-0.4%142.6K-263.6K-3710.0087.8400525
2020-02-21$77.74$74.0014.1%4.0%11.6%4.0%0.0%-0.2%-1.3%32.9K-349.8K-2910.00103.0510525
2020-02-24$78.54$74.0039.6%11.4%11.7%17.7%69.5%59.3%23.7%7.4K-127.9K-4100.00168.3403263
2020-02-25$78.51$74.009.9%2.8%11.5%1.7%0.0%10.7%4.1%5.0K-158.1K-3090.00168.5300263
2020-02-26$78.10$74.0015.5%4.5%11.6%4.8%0.0%2.4%-0.8%5.5K-157.2K-2800.00116.3100263
2020-02-27$78.71$74.0045.5%13.0%11.7%20.8%56.4%29.6%-2.3%4.3K-126.0K-4210.00183.70310263
2020-02-28$79.56$74.0014.8%4.2%12.1%4.4%0.0%-3.1%-3.1%28.3K-278.5K-4890.00157.9400573