LTPZ Options History — January 2023

In January 2023, LTPZ traded between $58.86 and $63.04. ATM implied volatility averaged 22.8%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 4.8% (HV 20d: 18.0%). Max pain ranged from $59.00 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.83.

Notable Days

2023-01-10: Highest Volume — 600 contracts
2023-01-25: Largest IV spike — 100.2% change
2023-01-25: Highest IV Rank — 54.7%
2023-01-25: Largest Expected Move — 10.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.35	$58.86	$63.04	$58.86	$61.06
Max Pain	$59.90	$59.00	$60.00	$59.00	$60.00
ATM IV	22.8%	18.3%	36.7%	23.3%	19.2%
Expected Move	6.6%	5.3%	10.5%	6.7%	5.5%
HV 20d	18.0%	14.7%	20.0%	16.7%	20.0%
HV 60d	21.8%	20.9%	22.6%	21.0%	22.6%
IV Rank	21.3%	10.8%	54.7%	23.2%	12.5%
IV Percentile	71.5%	27.4%	98.0%	85.3%	33.7%
Term Structure	-0.7%	-14.5%	1.3%	0.9%	-0.2%
VWIV	22.9%	21.4%	26.6%	22.5%	21.7%
Skew 25d	2.1%	-0.7%	9.6%	2.4%	-0.7%
Skew 10d	5.3%	-0.7%	34.2%	9.4%	-0.7%
Call IV 25d	21.4%	14.5%	24.1%	22.2%	18.8%
Put IV 25d	23.5%	18.1%	30.9%	24.6%	18.1%
Bid-Ask Spread %	45.31	18.48	162.11	79.96	59.55
Gamma HHI	0.20	0.13	0.35	0.13	0.13
Net GEX	121.5K	58.0K	182.9K	58.0K	101.9K
Net DEX	-1.1M	-2.4M	-573.0K	-573.0K	-746.5K
Net VEX	-5.5K	-10.5K	-3.8K	-3.8K	-4.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.83	0.00	3.33	3.33	0.00
Total Volume	55.1	0	600	13	4
Total OI	1,211.9	724	1,472	724	1,472

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
2023-01-03	$58.86	$59.00	23.3%	6.7%	16.7%	23.2%	0.0%	2.4%	0.9%	58.0K	-573.0K	-3.8K	3.33	79.96	3	10	690	34
2023-01-04	$59.34	$59.00	23.8%	6.8%	16.8%	23.9%	22.5%	1.8%	0.2%	64.8K	-660.0K	-4.2K	0.00	58.48	6	0	693	44
2023-01-05	$59.67	$60.00	23.6%	7.0%	16.8%	23.4%	0.0%	1.7%	0.1%	66.9K	-680.3K	-4.2K	0.04	18.48	26	1	693	44
2023-01-06	$60.93	$60.00	22.5%	6.8%	18.2%	20.7%	22.8%	1.6%	-0.2%	83.3K	-870.7K	-4.5K	0.29	20.76	7	2	694	44
2023-01-09	$61.34	$60.00	23.3%	6.8%	18.2%	22.6%	0.0%	2.1%	0.7%	88.4K	-925.5K	-4.6K	0.00	20.46	4	0	698	44
2023-01-10	$60.74	$60.00	21.3%	6.1%	14.7%	17.8%	0.0%	1.2%	0.9%	80.1K	-758.1K	-3.8K	0.00	21.73	600	0	698	44
2023-01-11	$61.34	$60.00	21.4%	6.1%	15.2%	18.0%	0.0%	1.6%	0.8%	137.9K	-1.1M	-6.0K	0.00	23.91	0	50	1,298	44
2023-01-12	$62.34	$60.00	21.5%	6.2%	16.3%	18.2%	23.0%	1.9%	0.6%	156.7K	-1.3M	-6.8K	0.00	39.31	0	60	1,298	94
2023-01-13	$60.93	$60.00	20.6%	5.9%	18.1%	16.3%	21.7%	1.0%	-0.2%	88.6K	-806.0K	-5.3K	2.06	32.55	31	64	1,298	154
2023-01-17	$60.48	$60.00	21.9%	6.3%	18.3%	19.3%	21.4%	0.9%	0.6%	96.7K	-902.1K	-5.1K	0.02	25.84	42	1	1,328	98
2023-01-18	$61.61	$60.00	22.6%	6.5%	19.0%	21.0%	0.0%	1.4%	0.1%	146.0K	-1.3M	-6.1K	0.00	29.41	0	0	1,336	100
2023-01-19	$62.36	$60.00	22.3%	6.4%	18.8%	20.2%	22.4%	2.0%	1.3%	165.7K	-1.4M	-6.2K	0.00	37.05	40	0	1,338	100
2023-01-20	$61.45	$60.00	23.0%	6.6%	19.6%	21.9%	23.1%	1.7%	-0.1%	133.3K	-1.2M	-6.0K	0.23	31.89	31	7	1,347	100
2023-01-23	$61.44	$60.00	23.6%	6.8%	19.4%	23.3%	23.4%	2.7%	-0.6%	139.0K	-1.2M	-5.7K	0.18	34.02	11	2	1,342	47
2023-01-24	$62.48	$60.00	18.3%	5.3%	19.7%	10.8%	23.3%	1.7%	-0.5%	162.3K	-1.4M	-6.0K	0.08	42.19	13	1	1,341	45
2023-01-25	$62.80	$60.00	36.7%	10.5%	19.1%	54.7%	0.0%	6.8%	-14.5%	179.1K	-2.4M	-10.5K	0.00	162.11	0	0	1,347	44
2023-01-26	$63.04	$60.00	23.6%	6.8%	18.2%	23.3%	26.6%	9.6%	-0.7%	182.9K	-1.6M	-6.4K	3.00	59.47	1	3	1,347	44
2023-01-27	$62.73	$60.00	21.6%	6.2%	18.3%	18.3%	21.7%	0.8%	-1.2%	165.2K	-1.4M	-5.4K	3.24	57.72	17	55	1,348	46
2023-01-30	$61.97	$60.00	21.2%	6.1%	19.1%	17.3%	0.0%	0.6%	-1.3%	134.1K	-1.0M	-5.5K	0.00	51.23	10	0	1,361	101
2023-01-31	$61.06	$60.00	19.2%	5.5%	20.0%	12.5%	0.0%	-0.7%	-0.2%	101.9K	-746.5K	-4.6K	0.00	59.55	0	4	1,371	101