LTPZ Options History — May 2022

In May 2022, LTPZ traded between $70.64 and $74.31. ATM implied volatility averaged 21.3%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 6.7% (HV 20d: 28.0%). Max pain ranged from $77.00 to $81.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.27.

Notable Days

2022-05-19: Highest Volume — 174 contracts
2022-05-23: Largest IV spike — 46.6% change
2022-05-23: Highest IV Rank — 43.8%
2022-05-23: Largest Expected Move — 8.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$71.90	$70.64	$74.31	$72.17	$70.92
Max Pain	$77.76	$77.00	$81.00	$81.00	$77.00
ATM IV	21.3%	17.2%	29.9%	24.3%	18.8%
Expected Move	6.0%	4.9%	8.6%	7.0%	5.4%
HV 20d	28.0%	22.8%	30.6%	22.8%	23.9%
HV 60d	24.4%	23.2%	25.5%	23.2%	23.8%
IV Rank	24.1%	14.8%	43.8%	31.0%	18.4%
IV Percentile	89.6%	74.2%	99.2%	98.4%	80.6%
Term Structure	-1.7%	-20.0%	0.3%	-2.0%	-0.3%
VWIV	21.5%	16.3%	40.2%	24.3%	19.9%
Skew 25d	2.4%	-0.2%	32.0%	0.1%	-0.2%
Skew 10d	0.8%	-2.0%	3.2%	0.5%	-2.0%
Call IV 25d	20.1%	17.1%	24.2%	24.2%	19.1%
Put IV 25d	22.5%	17.3%	52.0%	24.3%	18.9%
Bid-Ask Spread %	92.07	74.82	124.80	95.14	103.38
Gamma HHI	0.24	0.18	0.33	0.29	0.19
Net GEX	20	-14.5K	13.6K	-9.6K	-38
Net DEX	107.3K	17.0K	205.3K	155.5K	67.3K
Net VEX	-707	-1.0K	-259	-259	-939
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.27	0.18	0.40	0.33	0.20
Total Volume	140	84	174	84	136
Total OI	121.571	71	151	84	132

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
2022-05-02	$72.17	$81.00	24.3%	7.0%	22.8%	31.0%	24.3%	0.1%	-2.0%	-9.6K	155.5K	-259	0.33	95.14	63	21	52	32
2022-05-03	$73.60	$81.00	23.4%	6.7%	24.6%	29.0%	23.7%	1.2%	-2.0%	-11.1K	134.1K	-314	0.33	77.62	63	21	53	33
2022-05-04	$74.31	$81.00	21.7%	6.2%	24.9%	25.1%	22.0%	1.6%	-0.6%	-12.5K	121.2K	-312	0.40	89.27	63	25	53	33
2022-05-05	$72.53	$77.00	21.7%	6.1%	25.7%	25.1%	20.1%	1.8%	-1.2%	-14.5K	177.4K	-259	0.37	91.42	84	31	34	37
2022-05-06	$71.34	$77.00	22.6%	6.3%	25.9%	27.1%	21.0%	2.3%	-1.1%	-10.4K	184.5K	-546	0.36	92.61	85	31	55	43
2022-05-09	$70.64	$77.00	23.4%	6.2%	25.9%	28.9%	21.3%	2.3%	-1.0%	-8.7K	205.3K	-493	0.26	94.10	121	31	55	43
2022-05-10	$70.72	$77.00	22.4%	6.1%	26.0%	26.8%	21.5%	1.4%	-0.6%	959	181.0K	-579	0.26	82.47	121	32	89	43
2022-05-11	$73.11	$77.00	20.8%	6.0%	29.2%	23.0%	20.3%	1.0%	-1.0%	8.8K	48.8K	-758	0.27	80.39	123	33	89	41
2022-05-12	$72.20	$77.00	21.4%	6.1%	29.4%	24.3%	21.4%	0.7%	-1.2%	6.7K	102.6K	-707	0.27	84.94	126	34	91	41
2022-05-13	$72.31	$77.00	20.6%	5.9%	29.5%	22.6%	20.3%	0.8%	-0.5%	9.1K	93.5K	-754	0.27	74.82	127	34	94	40
2022-05-16	$71.87	$77.00	20.0%	5.7%	29.5%	21.1%	20.7%	1.1%	-0.4%	9.3K	107.0K	-845	0.25	82.70	136	34	108	40
2022-05-17	$71.09	$77.00	20.3%	5.8%	29.6%	21.9%	20.5%	1.3%	-0.8%	4.4K	149.3K	-747	0.25	86.66	137	34	109	40
2022-05-18	$72.69	$77.00	20.4%	5.8%	30.0%	22.0%	20.8%	0.4%	-0.5%	13.6K	79.0K	-890	0.26	92.32	137	35	109	40
2022-05-19	$71.37	$77.00	20.6%	5.9%	30.1%	22.5%	22.4%	-0.2%	-0.5%	3.5K	147.1K	-776	0.28	94.43	136	38	109	41
2022-05-20	$71.34	$78.00	20.4%	5.8%	30.0%	22.1%	20.4%	0.3%	-0.7%	3.3K	151.1K	-763	0.24	80.97	140	34	110	41
2022-05-23	$70.72	$78.00	29.9%	8.6%	30.0%	43.8%	40.2%	32.0%	-20.0%	3.1K	17.5K	-979	0.18	124.80	111	20	84	31
2022-05-24	$71.63	$78.00	19.8%	5.7%	30.6%	20.7%	18.1%	0.4%	-1.1%	2.4K	35.4K	-895	0.19	92.41	113	22	87	30
2022-05-25	$71.30	$78.00	19.0%	5.5%	30.5%	18.9%	18.0%	0.4%	-1.0%	1.7K	50.8K	-975	0.20	106.87	113	23	92	35
2022-05-26	$71.82	$77.00	18.0%	5.1%	29.9%	16.5%	18.1%	0.6%	0.3%	561	28.3K	-1.0K	0.20	105.66	113	23	95	37
2022-05-27	$72.15	$77.00	17.2%	4.9%	29.7%	14.8%	16.3%	0.1%	0.1%	-142	17.0K	-1.0K	0.20	100.40	113	23	95	37
2022-05-31	$70.92	$77.00	18.8%	5.4%	23.9%	18.4%	19.9%	-0.2%	-0.3%	-38	67.3K	-939	0.20	103.38	113	23	95	37