LTPZ Options History — March 2023

In March 2023, LTPZ traded between $58.90 and $61.60. ATM implied volatility averaged 26.6%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 6.7% (HV 20d: 19.9%). Max pain ranged from $58.00 to $60.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.75.

Notable Days

  • 2023-03-13: Highest Volume — 118 contracts
  • 2023-03-13: Largest IV spike — 59.0% change
  • 2023-03-13: Highest IV Rank — 76.2%
  • 2023-03-13: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.51$58.90$61.60$59.19$61.56
Max Pain$59.74$58.00$60.00$58.00$60.00
ATM IV26.6%21.2%45.9%23.3%21.5%
Expected Move7.0%6.1%8.9%6.7%6.2%
HV 20d19.9%13.4%23.1%15.8%21.1%
HV 60d18.9%17.1%19.7%18.6%19.5%
IV Rank29.3%16.3%76.2%21.3%17.0%
IV Percentile83.2%47.2%99.2%81.3%52.8%
Term Structure-0.2%-2.3%1.0%-1.7%0.3%
VWIV25.0%21.5%32.3%23.2%24.4%
Skew 25d-0.8%-3.8%2.4%1.1%-2.4%
Skew 10d-1.3%-5.0%2.9%-0.4%-3.7%
Call IV 25d24.9%20.8%32.4%22.9%23.4%
Put IV 25d24.1%21.0%31.2%24.0%21.0%
Bid-Ask Spread %27.4113.7771.5769.1335.39
Gamma HHI0.100.070.130.090.13
Net GEX14.4K-12.5K30.0K20.0K27.6K
Net DEX-217.8K-482.1K55.2K-105.4K-346.0K
Net VEX-3.9K-4.4K-3.5K-3.8K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.750.0011.000.380.00
Total Volume25.73911181151
Total OI1,164.4783891,7241,629553

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$59.19$58.0023.3%6.7%15.8%21.3%23.2%1.1%-1.7%20.0K-105.4K-3.8K0.3869.13831,335294
2023-03-02$58.99$58.0023.9%6.9%13.4%22.9%23.9%2.1%-2.3%17.3K-63.5K-3.8K0.3371.57311,336297
2023-03-03$60.56$58.0022.7%6.5%16.9%19.8%21.6%1.7%-1.8%19.7K-292.9K-3.7K1.8267.5911201,323300
2023-03-06$59.84$60.0025.6%6.4%16.3%26.9%0.0%1.7%0.2%22.3K-209.4K-3.7K11.0014.041111,336300
2023-03-07$59.64$60.0026.1%6.4%16.3%28.1%0.0%2.4%-0.1%15.5K-131.8K-3.7K1.0014.98221,337311
2023-03-08$58.97$60.0027.1%6.4%16.6%30.7%22.2%2.0%0.2%13.0K-17.3K-3.6K0.5015.95211,335309
2023-03-09$58.90$60.0029.4%6.7%15.8%36.3%0.0%1.1%0.1%12.5K-26.2K-3.6K0.0015.78201,334307
2023-03-10$61.11$60.0028.8%6.7%20.5%34.9%23.4%0.1%0.2%22.8K-416.4K-3.5K0.0016.653001,336307
2023-03-13$61.21$60.0045.9%8.9%19.9%76.2%32.3%-1.1%-1.1%30.0K-401.7K-3.6K0.6623.0171471,339307
2023-03-14$60.55$60.0038.8%7.8%20.2%59.0%26.8%-2.0%0.1%17.3K-322.5K-3.9K0.3613.771451,373351
2023-03-15$61.60$60.0030.6%8.8%21.1%39.1%31.3%-3.8%-0.6%22.1K-482.1K-3.7K0.0613.821611,362356
2023-03-16$60.57$60.0025.9%7.4%22.0%27.8%26.0%-0.9%-0.1%8.9K-292.6K-3.6K1.9616.0723451,359357
2023-03-17$60.52$60.0029.6%8.5%21.7%36.8%29.2%-1.5%-1.0%5.8K-276.3K-3.8K0.8314.17651,355355
2023-03-20$60.51$60.0025.5%7.3%21.6%26.8%25.3%-1.3%0.5%-2.8K-49.0K-3.7K1.7416.132747173216
2023-03-21$60.30$60.0021.6%6.2%21.2%17.3%21.5%-0.1%0.6%-12.5K55.2K-4.1K0.0929.95535200268
2023-03-22$61.41$60.0022.8%6.5%22.0%20.2%23.2%-1.3%0.3%16.1K-285.9K-4.2K9.2530.72437246268
2023-03-23$61.42$60.0024.9%7.1%21.9%25.2%0.0%-3.2%-0.0%10.9K-293.8K-4.3K0.2521.0941246281
2023-03-24$61.55$60.0026.0%7.4%21.3%27.9%25.1%-1.6%-0.5%12.7K-305.9K-4.4K0.5026.5542250282
2023-03-27$60.22$60.0023.4%6.7%22.9%21.8%23.5%-2.7%-0.2%3.3K-62.1K-4.4K9.0019.64218249283
2023-03-28$60.92$60.0023.7%6.8%23.1%22.4%22.9%-3.3%0.0%10.0K-208.1K-4.2K0.5026.2421257295
2023-03-29$60.86$60.0022.6%6.5%22.9%19.6%24.4%-2.7%0.3%14.4K-197.4K-4.1K0.0026.4330255296
2023-03-30$61.24$60.0021.2%6.1%22.9%16.3%0.0%-2.3%1.0%23.8K-279.2K-4.0K0.0031.6810258296
2023-03-31$61.56$60.0021.5%6.2%21.1%17.0%0.0%-2.4%0.3%27.6K-346.0K-3.8K0.0035.39510257296