LTPZ Options History — March 2022

In March 2022, LTPZ traded between $81.70 and $88.89. ATM implied volatility averaged 19.3%, placing in the 19.6% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 5.3% (HV 20d: 24.6%). Max pain ranged from $77.00 to $86.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.20.

Notable Days

2022-03-16: Highest Volume — 186 contracts
2022-03-24: Largest IV spike — 106.5% change
2022-03-24: Highest IV Rank — 62.3%
2022-03-24: Largest Expected Move — 7.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$84.46	$81.70	$88.89	$86.10	$82.91
Max Pain	$82.42	$77.00	$86.00	$84.00	$77.00
ATM IV	19.3%	16.0%	37.9%	20.2%	17.8%
Expected Move	5.4%	4.5%	7.2%	5.8%	5.0%
HV 20d	24.6%	19.8%	29.9%	21.2%	25.5%
HV 60d	19.3%	16.7%	21.3%	16.9%	20.7%
IV Rank	19.6%	11.9%	62.3%	21.6%	16.3%
IV Percentile	95.0%	86.5%	99.6%	99.6%	92.5%
Term Structure	-0.6%	-3.4%	0.3%	-1.7%	-0.4%
VWIV	20.2%	16.3%	23.5%	20.4%	16.4%
Skew 25d	0.9%	-2.0%	9.5%	-2.0%	0.4%
Skew 10d	1.5%	-4.1%	14.5%	-4.1%	-0.7%
Call IV 25d	19.1%	15.2%	45.8%	21.6%	17.6%
Put IV 25d	19.9%	15.6%	55.3%	19.6%	18.0%
Bid-Ask Spread %	61.51	20.12	120.63	98.53	27.82
Gamma HHI	0.26	0.17	0.57	0.40	0.20
Net GEX	16.4K	83	49.6K	21.3K	11.0K
Net DEX	-142.8K	-448.9K	32.7K	-208.4K	-88.0K
Net VEX	-636	-898	-274	-319	-658
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.20	0.09	0.37	0.33	0.11
Total Volume	110.13	69	186	69	79
Total OI	82.783	45	123	45	71

Daily Data (23 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
2022-03-01	$86.10	$84.00	20.2%	5.8%	21.2%	21.6%	20.4%	-2.0%	-1.7%	21.3K	-208.4K	-319	0.33	98.53	52	17	41	4
2022-03-02	$85.36	$84.00	19.1%	5.5%	20.9%	19.0%	20.5%	-0.7%	-0.5%	24.2K	-190.3K	-345	0.35	91.37	52	18	43	6
2022-03-03	$85.16	$84.00	18.8%	5.4%	20.9%	18.5%	20.9%	-0.3%	-0.4%	21.5K	-140.1K	-293	0.35	90.53	52	18	38	7
2022-03-04	$86.32	$84.00	21.8%	6.3%	20.7%	25.4%	22.4%	-0.5%	-0.9%	19.3K	-182.3K	-274	0.24	84.68	76	18	38	7
2022-03-07	$87.05	$84.00	23.2%	6.7%	19.8%	28.6%	23.4%	-0.9%	-0.5%	27.5K	-293.1K	-596	0.19	98.88	97	18	62	7
2022-03-08	$88.89	$84.00	19.9%	6.4%	20.7%	20.9%	23.5%	-0.3%	-0.9%	49.6K	-448.9K	-725	0.18	89.65	98	18	101	7
2022-03-09	$86.68	$84.00	17.7%	5.8%	23.1%	15.9%	22.7%	-0.6%	-0.8%	39.1K	-300.6K	-618	0.22	98.12	99	22	102	7
2022-03-10	$85.78	$84.00	17.1%	5.2%	23.6%	14.6%	19.2%	-0.6%	-0.4%	28.9K	-228.5K	-584	0.25	120.63	134	34	100	11
2022-03-11	$87.14	$86.00	16.2%	4.8%	22.9%	12.4%	20.2%	-0.8%	0.2%	12.3K	-209.3K	-898	0.26	119.61	130	34	99	23
2022-03-14	$85.48	$77.00	18.0%	4.8%	24.3%	16.5%	16.9%	1.8%	-1.3%	83	-99.2K	-831	0.26	31.07	130	34	99	23
2022-03-15	$83.28	$77.00	17.4%	4.9%	26.2%	15.3%	16.3%	1.3%	0.0%	2.4K	32.7K	-677	0.21	34.52	136	29	100	23
2022-03-16	$83.01	$77.00	16.2%	4.6%	25.6%	12.5%	16.4%	0.1%	-0.5%	8.8K	-22.2K	-706	0.37	63.59	136	50	100	15
2022-03-17	$84.66	$0.00	16.0%	4.5%	26.3%	11.9%	0.0%	1.9%	-0.6%	4.5K	-114.9K	-802	0.24	23.38	136	32	100	15
2022-03-18	$84.43	$0.00	16.0%	4.5%	26.2%	11.9%	0.0%	1.0%	-0.3%	11.5K	-100.7K	-775	0.23	20.12	136	31	100	15
2022-03-21	$83.00	$0.00	17.2%	4.9%	26.9%	14.8%	0.0%	2.4%	0.3%	13.0K	-80.4K	-678	0.09	24.21	68	6	57	7
2022-03-22	$81.70	$0.00	18.0%	5.0%	27.5%	16.7%	0.0%	2.1%	-0.4%	9.9K	-53.3K	-611	0.09	30.23	68	6	57	7
2022-03-23	$83.97	$0.00	18.4%	5.2%	29.1%	17.5%	0.0%	2.0%	-0.5%	15.8K	-112.3K	-751	0.09	31.80	70	6	57	7
2022-03-24	$83.10	$0.00	37.9%	7.2%	29.4%	62.3%	0.0%	9.5%	-3.4%	15.1K	-165.3K	-862	0.10	119.63	70	7	60	7
2022-03-25	$81.85	$0.00	20.1%	5.6%	29.9%	21.3%	0.0%	0.9%	-0.7%	10.9K	-70.2K	-661	0.11	31.49	71	8	60	8
2022-03-28	$82.24	$0.00	20.3%	5.7%	25.4%	21.9%	0.0%	1.4%	-0.4%	10.3K	-73.6K	-675	0.11	25.93	71	8	61	10
2022-03-29	$81.87	$0.00	18.9%	5.3%	25.1%	18.7%	0.0%	1.3%	-0.3%	8.8K	-56.3K	-625	0.11	30.81	71	8	61	10
2022-03-30	$82.71	$0.00	17.7%	5.0%	25.4%	16.0%	0.0%	1.0%	-0.1%	10.8K	-80.1K	-661	0.11	28.06	71	8	61	10
2022-03-31	$82.91	$0.00	17.8%	5.0%	25.5%	16.3%	0.0%	0.4%	-0.4%	11.0K	-88.0K	-658	0.11	27.82	71	8	61	10