LTPZ Options History — February 2021

In February 2021, LTPZ traded between $78.73 and $87.42. ATM implied volatility averaged 14.9%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 5.8% (HV 20d: 9.1%). Max pain ranged from $85.00 to $89.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.36.

Notable Days

2021-02-25: Highest Volume — 103 contracts
2021-02-03: Largest IV spike — 100.3% change
2021-02-19: Highest IV Rank — 18.3%
2021-02-19: Largest Expected Move — 7.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$84.53	$78.73	$87.42	$87.42	$81.86
Max Pain	$85.63	$85.00	$89.00	$89.00	$85.00
ATM IV	14.9%	10.7%	26.1%	12.2%	16.2%
Expected Move	4.3%	3.1%	7.5%	3.5%	4.6%
HV 20d	9.1%	6.7%	19.9%	9.8%	19.9%
HV 60d	9.1%	7.9%	13.6%	9.5%	13.6%
IV Rank	5.6%	0.9%	18.3%	2.6%	6.9%
IV Percentile	35.4%	2.4%	83.3%	17.1%	55.2%
Term Structure	-0.2%	-10.0%	1.8%	0.6%	-1.2%
VWIV	18.0%	12.3%	59.1%	12.8%	12.4%
Skew 25d	-0.6%	-47.6%	20.0%	0.3%	3.0%
Skew 10d	-1.8%	-48.0%	5.3%	-3.7%	4.3%
Call IV 25d	17.9%	11.6%	70.6%	12.2%	15.3%
Put IV 25d	17.4%	12.3%	41.8%	12.4%	18.3%
Bid-Ask Spread %	87.88	40.41	194.91	112.57	90.19
Gamma HHI	0.18	0.13	0.24	0.16	0.14
Net GEX	51.5K	24.4K	67.5K	51.7K	24.4K
Net DEX	-241.5K	-614.7K	344.4K	-610.2K	344.4K
Net VEX	-4.0K	-5.8K	-3.0K	-3.8K	-5.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.36	0.00	3.12	0.00	0.15
Total Volume	27.579	0	103	8	101
Total OI	376.684	309	530	313	530

Daily Data (19 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
2021-02-01	$87.42	$89.00	12.2%	3.5%	9.8%	2.6%	0.0%	0.3%	0.6%	51.7K	-610.2K	-3.8K	0.00	112.57	8	0	218	95
2021-02-02	$87.26	$89.00	10.7%	3.1%	9.6%	0.9%	0.0%	0.8%	1.4%	49.2K	-554.1K	-3.6K	0.00	116.15	0	0	214	95
2021-02-03	$87.02	$89.00	21.5%	6.2%	9.5%	13.1%	0.0%	0.7%	-10.0%	32.7K	-553.0K	-4.2K	0.09	194.91	11	1	214	95
2021-02-04	$86.73	$85.00	12.2%	3.7%	8.6%	2.6%	0.0%	0.1%	1.1%	50.4K	-484.6K	-3.6K	0.00	40.41	0	2	222	95
2021-02-05	$86.14	$85.00	12.0%	3.6%	8.8%	2.4%	12.8%	0.4%	1.4%	41.2K	-367.0K	-3.6K	0.00	43.81	25	0	222	97
2021-02-08	$86.41	$85.00	12.7%	3.6%	7.4%	3.1%	0.0%	0.8%	1.4%	62.8K	-497.6K	-3.7K	0.00	45.43	12	0	246	96
2021-02-09	$86.51	$85.00	11.5%	3.5%	7.4%	1.8%	12.3%	0.1%	1.4%	62.9K	-539.3K	-3.7K	1.00	56.28	2	2	246	96
2021-02-10	$86.82	$85.00	11.9%	3.4%	7.3%	2.3%	0.0%	0.1%	1.7%	67.5K	-614.7K	-3.7K	0.00	68.68	0	0	248	98
2021-02-11	$86.19	$85.00	12.1%	3.5%	6.7%	2.5%	12.4%	-0.1%	1.8%	59.8K	-468.9K	-3.6K	0.29	74.56	7	2	248	98
2021-02-12	$85.45	$85.00	13.0%	3.7%	7.0%	3.4%	0.0%	20.0%	1.7%	48.6K	-287.9K	-3.6K	0.00	66.76	57	0	247	100
2021-02-16	$84.47	$85.00	14.3%	4.1%	7.8%	5.0%	13.9%	0.9%	0.7%	57.3K	-184.9K	-4.0K	0.00	63.48	26	0	303	100
2021-02-17	$84.52	$85.00	13.6%	3.9%	7.5%	4.2%	14.0%	1.6%	1.0%	47.6K	-169.1K	-3.9K	0.00	63.90	4	0	288	100
2021-02-18	$83.69	$85.00	14.2%	4.1%	7.8%	4.9%	0.0%	1.0%	-0.3%	56.6K	2.8K	-3.6K	0.00	71.95	0	0	291	100
2021-02-19	$82.29	$85.00	26.1%	7.5%	9.2%	18.3%	14.8%	0.7%	-1.3%	52.5K	245.5K	-3.0K	0.08	105.30	61	5	291	100
2021-02-22	$81.87	$85.00	15.4%	4.4%	9.2%	6.2%	16.0%	1.9%	-0.0%	62.0K	92.4K	-3.9K	0.43	93.94	49	21	314	92
2021-02-23	$81.55	$85.00	15.0%	4.3%	8.6%	5.8%	14.6%	2.3%	-0.6%	55.4K	193.0K	-4.2K	0.27	95.14	11	3	328	113
2021-02-24	$81.12	$85.00	16.0%	4.6%	8.6%	6.9%	15.4%	2.4%	-0.9%	58.1K	242.4K	-4.1K	0.00	100.54	11	0	337	116
2021-02-25	$78.73	$85.00	22.0%	6.3%	12.5%	13.4%	59.1%	-47.6%	-4.2%	36.8K	-378.7K	-5.8K	3.12	165.82	25	78	348	116
2021-02-26	$81.86	$85.00	16.2%	4.6%	19.9%	6.9%	12.4%	3.0%	-1.2%	24.4K	344.4K	-5.5K	0.15	90.19	88	13	336	194