LTPZ Options History — May 2023

In May 2023, LTPZ traded between $59.22 and $61.09. ATM implied volatility averaged 24.0%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 8.5% (HV 20d: 15.5%). Max pain ranged from $60.00 to $62.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.01.

Notable Days

  • 2023-05-09: Highest Volume — 234 contracts
  • 2023-05-15: Largest IV drop — 11.5% change
  • 2023-05-25: Highest IV Rank — 29.9%
  • 2023-05-25: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.07$59.22$61.09$59.63$59.94
Max Pain$60.23$60.00$62.00$61.00$60.00
ATM IV24.0%21.7%26.8%22.9%23.4%
Expected Move6.9%6.2%7.7%6.6%6.7%
HV 20d15.5%9.6%16.8%15.0%9.6%
HV 60d17.2%16.0%17.7%17.6%16.0%
IV Rank23.1%17.5%29.9%20.5%21.6%
IV Percentile77.4%52.8%92.1%69.8%71.4%
Term Structure-0.5%-2.9%1.3%-0.4%-1.8%
VWIV29.1%16.6%60.5%22.9%37.4%
Skew 25d-1.1%-5.3%30.5%-5.3%-0.4%
Skew 10d-6.4%-9.1%-0.4%-6.0%-6.1%
Call IV 25d27.8%16.5%49.4%49.4%25.2%
Put IV 25d26.7%21.9%57.0%44.0%24.9%
Bid-Ask Spread %38.7921.0170.2455.9963.05
Gamma HHI0.130.100.180.110.15
Net GEX-5.2K-51.5K35.4K13.6K-13.9K
Net DEX-78.5K-635.7K309.8K-145.9K155.8K
Net VEX-15.0K-16.4K-12.3K-12.3K-14.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.005.002.710.06
Total Volume41.502348918
Total OI1,528.1361,1801,7361,1801,736

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$59.63$61.0022.9%6.6%15.0%20.5%22.9%-5.3%-0.4%13.6K-145.9K-12.3K2.7155.992465668512
2023-05-02$60.72$62.0024.9%7.1%16.5%25.2%0.0%-3.1%-1.5%35.0K-536.8K-13.0K0.9649.565452684517
2023-05-03$61.09$62.0024.0%6.9%16.5%23.1%0.0%-2.7%-0.4%35.4K-635.7K-14.8K0.0035.7560734565
2023-05-04$60.95$60.0024.6%7.0%16.3%24.5%29.1%-3.9%-1.0%32.7K-604.3K-14.9K0.1032.75202738565
2023-05-05$60.81$60.0024.4%7.2%16.0%24.0%24.4%-4.8%-0.5%26.3K-529.4K-15.0K0.0021.0101719565
2023-05-08$60.13$60.0024.0%7.1%16.0%23.1%25.6%-5.1%-0.9%19.5K-317.4K-14.3K4.7026.421047719566
2023-05-09$59.84$60.0024.3%7.2%15.9%23.8%33.8%-5.3%-0.4%10.9K-224.3K-14.3K0.9825.27118116729613
2023-05-10$60.18$60.0024.2%6.9%16.2%23.5%24.4%-5.1%0.4%11.3K-163.7K-15.9K0.0025.590118811697
2023-05-11$60.83$60.0024.7%7.1%16.8%24.8%0.0%-4.7%-0.2%2.6K-326.3K-16.3K0.0028.8400811806
2023-05-12$60.88$60.0025.7%7.4%16.4%27.3%26.7%0.4%0.2%-10.6K-238.8K-16.4K0.0026.11110811806
2023-05-15$60.29$60.0022.8%6.5%16.3%20.1%16.6%6.7%1.0%-36.5K-28.0K-15.7K0.1546.03203813806
2023-05-16$60.09$60.0023.1%6.6%16.4%20.9%31.0%-3.2%1.2%-33.9K17.7K-15.6K0.0034.28650813803
2023-05-17$60.07$60.0022.0%6.3%16.4%18.3%24.0%-3.3%1.3%-34.5K6.3K-15.7K5.0034.2715875803
2023-05-18$59.78$60.0021.7%6.2%16.3%17.5%0.0%-3.0%0.5%-51.5K143.6K-15.8K0.7338.892216877798
2023-05-19$59.39$60.0022.4%6.4%16.4%19.3%23.5%-3.7%0.2%-48.0K307.2K-15.2K0.0029.2608867792
2023-05-22$59.22$60.0023.7%6.8%15.8%22.4%26.3%-2.6%-0.5%-14.5K255.5K-14.8K0.5029.8563808774
2023-05-23$59.67$60.0024.0%6.9%15.3%23.2%34.1%30.5%-0.2%-10.6K264.6K-15.8K0.0070.24870814778
2023-05-24$59.38$60.0024.5%7.0%15.2%24.3%60.5%-2.3%-1.3%-15.4K309.8K-14.8K0.0061.7709911779
2023-05-25$59.22$60.0026.8%7.7%15.1%29.9%0.0%-1.3%-2.0%-21.8K290.9K-15.2K0.0026.1200914788
2023-05-26$59.43$60.0024.7%7.1%15.2%24.8%28.0%0.1%-1.7%-6.3K224.8K-14.8K0.0047.2620914788
2023-05-30$59.94$60.0025.5%7.3%11.7%26.6%26.2%-1.4%-2.9%-3.7K48.1K-14.4K0.3345.0031944788
2023-05-31$59.94$60.0023.4%6.7%9.6%21.6%37.4%-0.4%-1.8%-13.9K155.8K-14.1K0.0663.05171947789