LTPZ Options History — January 2022

In January 2022, LTPZ traded between $83.70 and $89.51. ATM implied volatility averaged 14.6%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded below realized volatility by 0.7% (HV 20d: 15.3%). Max pain ranged from $84.00 to $88.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.19.

Notable Days

2022-01-20: Highest Volume — 141 contracts
2022-01-18: Largest IV spike — 8.0% change
2022-01-04: Highest IV Rank — 11.7%
2022-01-04: Largest Expected Move — 4.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$85.51	$83.70	$89.51	$89.51	$85.50
Max Pain	$85.55	$84.00	$88.00	$88.00	$85.00
ATM IV	14.6%	13.8%	15.6%	15.0%	14.3%
Expected Move	4.2%	4.0%	4.5%	4.3%	4.1%
HV 20d	15.3%	12.0%	17.5%	12.0%	17.4%
HV 60d	16.4%	15.5%	16.9%	15.5%	16.0%
IV Rank	9.3%	7.6%	11.7%	10.5%	8.2%
IV Percentile	71.4%	54.4%	86.9%	81.7%	66.3%
Term Structure	0.0%	-0.8%	0.7%	-0.4%	-0.3%
VWIV	14.2%	11.8%	15.0%	14.6%	14.0%
Skew 25d	1.1%	-0.2%	2.0%	1.3%	0.5%
Skew 10d	1.4%	-0.7%	3.1%	1.9%	2.1%
Call IV 25d	13.9%	13.4%	14.6%	14.3%	13.9%
Put IV 25d	15.0%	14.2%	16.2%	15.6%	14.4%
Bid-Ask Spread %	82.26	64.34	103.41	73.08	97.27
Gamma HHI	0.45	0.25	0.92	0.25	0.42
Net GEX	16.3K	-4.2K	128.8K	37.2K	13.0K
Net DEX	-13.5K	-140.0K	91.6K	-134.1K	-101.9K
Net VEX	-292	-689	-71	-689	-323
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.19	0.14	0.24	0.20	0.14
Total Volume	89.7	58	141	89	58
Total OI	74.8	29	116	87	35

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
2022-01-03	$89.51	$88.00	15.0%	4.3%	12.0%	10.5%	14.6%	1.3%	-0.4%	37.2K	-134.1K	-689	0.20	73.08	74	15	77	10
2022-01-04	$87.52	$88.00	15.6%	4.5%	13.2%	11.7%	14.7%	1.6%	-0.6%	14.3K	-21.5K	-473	0.20	90.52	74	15	77	10
2022-01-05	$86.38	$88.00	15.3%	4.4%	13.7%	11.2%	11.8%	1.6%	-0.8%	4.8K	24.1K	-329	0.20	103.41	74	15	77	10
2022-01-06	$85.65	$0.00	15.0%	4.2%	13.6%	10.5%	0.0%	2.0%	-0.4%	3.1K	43.6K	-254	0.20	69.37	74	15	77	10
2022-01-07	$85.69	$0.00	13.9%	4.1%	13.6%	8.0%	0.0%	1.0%	0.4%	1.6K	45.8K	-242	0.20	68.02	74	15	77	10
2022-01-10	$85.53	$0.00	14.7%	4.1%	13.5%	9.8%	0.0%	1.9%	0.0%	1.3K	50.7K	-207	0.20	70.34	75	15	77	10
2022-01-11	$86.94	$0.00	14.7%	4.1%	14.8%	9.8%	0.0%	1.3%	0.4%	3.0K	16.4K	-313	0.20	64.34	75	15	78	10
2022-01-12	$85.80	$0.00	14.0%	4.0%	15.3%	8.2%	0.0%	0.9%	-0.1%	1.2K	48.6K	-216	0.24	78.56	75	18	78	10
2022-01-13	$86.00	$0.00	14.0%	4.0%	15.4%	8.1%	0.0%	0.9%	0.3%	-4.2K	59.6K	-220	0.24	77.96	75	18	78	13
2022-01-14	$84.62	$0.00	14.2%	4.1%	16.1%	8.6%	0.0%	1.4%	-0.1%	-2.2K	83.6K	-142	0.24	84.78	75	18	78	13
2022-01-18	$83.96	$0.00	15.3%	4.4%	15.8%	11.2%	0.0%	1.5%	0.1%	-686	91.6K	-109	0.18	94.48	100	18	78	13
2022-01-19	$83.70	$0.00	14.7%	4.2%	15.8%	9.8%	14.8%	1.7%	0.3%	28.9K	74.7K	-71	0.18	88.55	119	21	84	13
2022-01-20	$83.84	$84.00	14.6%	4.2%	15.6%	9.5%	14.5%	1.0%	0.1%	37.8K	10.1K	-316	0.17	85.45	120	21	103	13
2022-01-21	$85.17	$84.00	14.5%	4.2%	16.4%	9.4%	14.8%	1.1%	0.4%	128.8K	-140.0K	-324	0.17	83.35	120	21	103	13
2022-01-24	$85.39	$84.00	15.0%	4.3%	16.5%	10.5%	15.0%	1.1%	0.0%	11.6K	-93.7K	-302	0.18	79.04	50	9	26	3
2022-01-25	$84.53	$85.00	13.8%	4.0%	16.2%	7.8%	14.3%	0.5%	0.7%	11.1K	-74.7K	-317	0.18	83.67	50	9	27	4
2022-01-26	$83.85	$85.00	14.2%	4.1%	16.3%	7.8%	14.1%	-0.2%	0.2%	10.5K	-58.2K	-303	0.14	86.25	51	7	27	4
2022-01-27	$85.03	$85.00	14.1%	4.0%	17.5%	7.6%	14.1%	0.5%	0.4%	12.1K	-88.8K	-345	0.14	82.39	51	7	30	5
2022-01-28	$85.65	$85.00	14.4%	4.1%	17.4%	8.3%	14.0%	0.8%	0.2%	13.6K	-106.3K	-338	0.14	84.36	51	7	30	5
2022-01-31	$85.50	$85.00	14.3%	4.1%	17.4%	8.2%	14.0%	0.5%	-0.3%	13.0K	-101.9K	-323	0.14	97.27	51	7	30	5