LTPZ Options History — November 2021

In November 2021, LTPZ traded between $87.52 and $93.46. ATM implied volatility averaged 14.6%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 3.1% (HV 20d: 17.7%). Max pain ranged from $87.00 to $89.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.09.

Notable Days

2021-11-12: Highest Volume — 166 contracts
2021-11-22: Largest IV spike — 12.9% change
2021-11-26: Highest IV Rank — 13.2%
2021-11-26: Largest Expected Move — 4.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$90.91	$87.52	$93.46	$87.52	$92.33
Max Pain	$88.52	$87.00	$89.00	$87.00	$89.00
ATM IV	14.6%	12.8%	16.0%	15.3%	15.4%
Expected Move	4.1%	3.6%	4.6%	4.4%	4.4%
HV 20d	17.7%	15.2%	20.0%	15.2%	18.0%
HV 60d	13.5%	11.9%	15.0%	11.9%	15.0%
IV Rank	10.1%	6.0%	13.2%	11.6%	12.0%
IV Percentile	77.1%	44.8%	93.7%	86.5%	88.1%
Term Structure	-0.3%	-1.7%	1.8%	-1.0%	1.8%
VWIV	13.8%	11.5%	15.5%	15.5%	13.8%
Skew 25d	1.2%	0.4%	2.0%	1.8%	0.6%
Skew 10d	1.5%	0.2%	5.0%	1.4%	1.3%
Call IV 25d	13.9%	11.6%	16.3%	14.4%	16.3%
Put IV 25d	15.1%	13.6%	16.8%	16.2%	16.8%
Bid-Ask Spread %	90.33	75.84	108.77	91.16	96.17
Gamma HHI	0.30	0.23	0.35	0.23	0.31
Net GEX	131.7K	28.9K	272.2K	74.2K	44.6K
Net DEX	-516.6K	-1.2M	-76.9K	-194.9K	-278.0K
Net VEX	-992	-1.6K	-280	-1.0K	-280
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.09	0.04	0.28	0.05	0.27
Total Volume	133.81	50	166	133	52
Total OI	138.905	50	189	169	54

Daily Data (21 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
2021-11-01	$87.52	$87.00	15.3%	4.4%	15.2%	11.6%	15.5%	1.8%	-1.0%	74.2K	-194.9K	-1.0K	0.05	91.16	127	6	160	9
2021-11-02	$88.64	$87.00	14.5%	4.2%	15.8%	9.9%	11.5%	1.5%	-1.7%	102.6K	-285.9K	-1.2K	0.05	94.50	127	6	160	9
2021-11-03	$88.39	$87.00	14.1%	4.0%	15.8%	8.9%	14.0%	2.0%	-0.7%	96.6K	-259.7K	-1.2K	0.05	108.77	127	6	160	9
2021-11-04	$89.74	$88.00	12.8%	3.6%	16.4%	6.0%	12.1%	2.0%	0.1%	140.8K	-437.8K	-1.4K	0.05	75.84	127	6	160	9
2021-11-05	$90.87	$88.00	14.4%	4.0%	16.9%	9.7%	13.7%	1.4%	0.2%	149.7K	-658.2K	-1.6K	0.04	79.01	146	6	160	9
2021-11-08	$92.04	$88.00	15.2%	4.0%	17.2%	11.5%	13.9%	1.3%	-0.7%	186.2K	-939.5K	-1.6K	0.04	81.00	146	6	180	9
2021-11-09	$93.46	$88.00	14.9%	4.1%	17.7%	10.8%	13.5%	0.5%	-0.6%	169.8K	-1.2M	-1.2K	0.04	95.57	156	6	180	9
2021-11-10	$92.51	$89.00	14.1%	4.0%	17.9%	8.9%	13.2%	0.4%	0.3%	180.5K	-892.3K	-1.4K	0.04	90.40	156	6	161	9
2021-11-11	$92.70	$89.00	14.5%	4.1%	17.8%	9.8%	13.1%	1.2%	-0.0%	182.8K	-939.9K	-1.3K	0.05	81.92	156	8	161	9
2021-11-12	$92.31	$89.00	14.5%	4.2%	17.9%	9.9%	14.3%	1.2%	-0.0%	190.8K	-837.2K	-1.3K	0.06	81.55	156	10	159	11
2021-11-15	$91.57	$89.00	14.7%	4.2%	18.2%	10.4%	14.3%	0.9%	0.3%	205.0K	-665.1K	-1.2K	0.06	82.81	156	10	159	13
2021-11-16	$90.54	$89.00	14.8%	4.2%	18.0%	10.6%	14.1%	1.1%	0.7%	186.7K	-413.0K	-1.1K	0.07	84.37	148	10	159	13
2021-11-17	$91.00	$89.00	13.9%	4.0%	18.0%	8.6%	13.3%	1.5%	0.4%	222.7K	-515.9K	-1.1K	0.07	93.03	148	11	161	14
2021-11-18	$91.63	$89.00	13.1%	3.8%	17.9%	6.7%	13.7%	1.1%	-0.1%	272.2K	-696.0K	-1.0K	0.07	90.51	148	11	161	14
2021-11-19	$92.40	$89.00	13.1%	3.8%	18.1%	6.8%	12.7%	1.0%	-1.0%	190.1K	-870.3K	-896	0.07	94.47	149	11	159	14
2021-11-22	$90.46	$89.00	14.8%	4.2%	19.8%	10.6%	14.1%	1.3%	-0.6%	34.0K	-134.6K	-464	0.11	92.06	96	11	41	13
2021-11-23	$89.28	$89.00	14.9%	4.3%	20.0%	10.7%	14.4%	1.5%	0.4%	28.9K	-76.9K	-433	0.12	98.28	92	11	41	13
2021-11-24	$89.92	$89.00	15.2%	4.4%	19.3%	11.5%	14.7%	1.6%	-0.6%	35.9K	-148.6K	-421	0.12	92.72	92	11	45	9
2021-11-26	$91.11	$89.00	16.0%	4.6%	18.2%	13.2%	15.4%	0.5%	-1.1%	35.0K	-194.9K	-351	0.12	95.99	92	11	41	9
2021-11-29	$90.72	$89.00	15.9%	4.6%	17.9%	13.0%	14.9%	0.4%	-1.7%	37.9K	-175.1K	-331	0.28	96.69	39	11	42	9
2021-11-30	$92.33	$89.00	15.4%	4.4%	18.0%	12.0%	13.8%	0.6%	1.8%	44.6K	-278.0K	-280	0.27	96.17	41	11	45	9