LTPZ Options History — May 2021

In May 2021, LTPZ traded between $81.91 and $83.84. ATM implied volatility averaged 12.5%, placing in the 5.1% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 3.9% (HV 20d: 8.6%). Max pain ranged from $79.00 to $82.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.05.

Notable Days

2021-05-24: Highest Volume — 38 contracts
2021-05-10: Largest IV spike — 11.0% change
2021-05-12: Highest IV Rank — 7.5%
2021-05-12: Largest Expected Move — 3.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$82.82	$81.91	$83.84	$82.05	$83.84
Max Pain	$81.55	$79.00	$82.00	$79.00	$82.00
ATM IV	12.5%	11.3%	13.6%	12.5%	11.3%
Expected Move	3.6%	3.2%	3.9%	3.6%	3.2%
HV 20d	8.6%	6.7%	9.5%	9.0%	9.3%
HV 60d	15.0%	11.9%	16.3%	16.2%	11.9%
IV Rank	5.1%	2.4%	7.5%	5.2%	2.4%
IV Percentile	22.0%	5.2%	37.3%	22.6%	5.2%
Term Structure	0.8%	-0.1%	1.8%	0.1%	0.3%
VWIV	12.0%	11.6%	12.6%	12.6%	11.6%
Skew 25d	1.3%	0.8%	1.8%	1.7%	1.1%
Skew 10d	1.2%	-0.3%	3.9%	1.1%	-0.2%
Call IV 25d	12.2%	11.1%	13.6%	11.8%	11.1%
Put IV 25d	13.4%	12.1%	14.8%	13.5%	12.2%
Bid-Ask Spread %	56.46	42.14	73.87	69.50	73.87
Gamma HHI	0.16	0.12	0.22	0.14	0.22
Net GEX	20.6K	-11.8K	49.8K	23.4K	39.0K
Net DEX	87.7K	-50.4K	218.6K	109.9K	-34.5K
Net VEX	-2.4K	-2.8K	-2.1K	-2.6K	-2.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.05	0.00	0.50	0.00	0.50
Total Volume	5.35	0	38	0	0
Total OI	317.75	299	332	313	332

Daily Data (20 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
2021-05-03	$82.05	$79.00	12.5%	3.6%	9.0%	5.2%	0.0%	1.7%	0.1%	23.4K	109.9K	-2.6K	0.00	69.50	0	0	195	118
2021-05-04	$82.35	$79.00	13.1%	3.7%	9.1%	6.3%	0.0%	1.8%	-0.1%	29.6K	70.9K	-2.7K	0.00	63.22	0	0	195	118
2021-05-05	$83.16	$79.00	12.9%	3.7%	9.3%	6.0%	0.0%	1.2%	-0.1%	49.7K	-50.4K	-2.8K	0.00	64.21	2	0	195	118
2021-05-06	$83.01	$82.00	12.7%	3.6%	9.3%	5.4%	12.6%	0.8%	1.0%	47.2K	-22.6K	-2.6K	0.00	42.14	2	0	197	118
2021-05-07	$83.09	$82.00	11.5%	3.5%	8.7%	3.0%	0.0%	1.2%	1.0%	49.8K	-10.6K	-2.5K	0.00	44.48	17	0	198	118
2021-05-10	$83.05	$82.00	12.8%	3.6%	8.8%	5.7%	0.0%	1.6%	1.1%	26.3K	43.8K	-2.4K	0.00	46.36	0	0	181	118
2021-05-11	$82.70	$82.00	13.3%	3.8%	8.7%	6.7%	0.0%	1.2%	0.9%	20.7K	81.1K	-2.4K	0.00	44.24	0	30	181	118
2021-05-12	$81.91	$82.00	13.6%	3.9%	9.5%	7.5%	0.0%	1.2%	1.1%	15	218.6K	-2.7K	0.00	43.93	0	5	181	138
2021-05-13	$82.08	$82.00	13.1%	3.7%	6.7%	6.3%	0.0%	1.4%	1.4%	-2.4K	210.1K	-2.6K	0.00	46.13	0	0	181	138
2021-05-14	$83.01	$82.00	12.6%	3.6%	7.8%	5.4%	0.0%	1.4%	1.7%	18.3K	115.9K	-2.6K	0.00	51.98	0	0	181	138
2021-05-17	$83.11	$82.00	12.7%	3.6%	7.5%	5.5%	0.0%	1.1%	1.8%	23.0K	95.7K	-2.4K	0.00	52.42	5	0	181	138
2021-05-18	$82.87	$82.00	12.6%	3.6%	7.6%	5.3%	0.0%	1.4%	1.8%	14.7K	107.0K	-2.4K	0.00	56.80	1	0	186	138
2021-05-19	$82.11	$82.00	13.1%	3.8%	8.3%	6.4%	0.0%	1.3%	1.3%	-7.0K	215.0K	-2.4K	0.00	50.77	1	0	185	138
2021-05-20	$82.08	$82.00	12.4%	3.6%	8.2%	4.9%	0.0%	1.0%	0.3%	-11.8K	218.3K	-2.3K	0.00	59.95	0	0	184	138
2021-05-21	$82.49	$82.00	12.1%	3.5%	8.4%	4.2%	0.0%	1.5%	0.1%	-6.7K	182.2K	-2.2K	0.00	62.86	1	0	184	138
2021-05-24	$82.97	$82.00	12.0%	3.4%	8.6%	4.0%	11.7%	1.3%	0.2%	-1.4K	155.3K	-2.1K	0.00	57.78	38	0	166	137
2021-05-25	$83.79	$82.00	12.0%	3.4%	9.2%	4.1%	12.2%	1.1%	0.5%	39.3K	-21.1K	-2.4K	0.00	57.87	2	0	190	137
2021-05-26	$83.34	$82.00	12.2%	3.5%	9.4%	4.4%	0.0%	1.0%	0.3%	31.1K	34.5K	-2.3K	0.00	69.08	0	0	192	137
2021-05-27	$83.35	$82.00	11.5%	3.3%	9.2%	2.9%	11.6%	0.8%	0.9%	29.1K	34.4K	-2.2K	0.50	71.50	2	1	192	137
2021-05-28	$83.84	$82.00	11.3%	3.2%	9.3%	2.4%	0.0%	1.1%	0.3%	39.0K	-34.5K	-2.2K	0.00	73.87	0	0	194	138