LTPZ Options History — November 2023

In November 2023, LTPZ traded between $50.93 and $53.95. ATM implied volatility averaged 20.2%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 1.7% (HV 20d: 18.5%). Max pain ranged from $51.00 to $59.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.99.

Notable Days

  • 2023-11-15: Highest Volume — 1,350 contracts
  • 2023-11-15: Largest IV spike — 96.6% change
  • 2023-11-15: Highest IV Rank — 81.6%
  • 2023-11-15: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.81$50.93$53.95$50.93$53.41
Max Pain$54.86$51.00$59.00$51.00$54.00
ATM IV20.2%17.2%39.9%19.9%19.7%
Expected Move5.8%4.9%11.4%5.7%5.7%
HV 20d18.5%17.2%20.5%19.3%18.2%
HV 60d19.2%18.2%19.9%18.2%19.0%
IV Rank19.9%11.2%81.6%14.9%19.0%
IV Percentile35.2%18.7%99.6%32.1%35.3%
Term Structure-1.7%-25.3%7.2%-0.3%-3.2%
VWIV20.4%16.1%49.8%18.9%19.6%
Skew 25d-1.5%-37.8%2.2%-0.3%0.1%
Skew 10d-1.8%-53.7%8.0%-42.0%5.9%
Call IV 25d20.6%17.1%54.4%19.7%19.5%
Put IV 25d19.1%16.6%21.7%19.4%19.6%
Bid-Ask Spread %84.2470.17145.2986.7987.76
Gamma HHI0.480.320.620.420.60
Net GEX427.3K-121.3K986.3K-121.3K909.7K
Net DEX-2.7K-4.5M2.8M2.8M-2.6M
Net VEX-26.2K-34.2K-16.5K-16.5K-34.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.007.880.000.01
Total Volume301.23831,3503327
Total OI4,896.3332,8236,5902,8236,363

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$50.93$51.0019.9%5.7%19.3%14.9%0.0%-0.3%-0.3%-121.3K2.8M-16.5K0.0086.79301,4281,395
2023-11-02$52.08$59.0019.5%5.5%20.5%13.9%18.9%0.6%-0.2%-90.8K2.2M-16.5K0.1374.69118151,4291,395
2023-11-03$52.50$56.0018.3%5.2%20.2%11.2%17.2%0.9%0.5%-58.8K1.8M-16.8K0.0584.4218191,5441,380
2023-11-06$52.29$56.0018.9%5.3%19.5%16.3%18.2%0.6%0.2%-77.9K2.0M-16.8K0.3575.9743151,6111,386
2023-11-07$52.84$56.0018.1%5.1%19.8%14.1%17.8%1.0%0.5%-35.5K1.5M-17.2K0.0385.00601151,6601,391
2023-11-08$53.52$56.0018.1%5.2%19.2%14.1%17.1%0.7%0.2%417.1K-122.5K-19.1K0.6082.476393812,2601,404
2023-11-09$52.26$56.0020.5%5.9%18.8%21.3%19.2%0.8%-0.7%330.3K1.9M-23.7K0.0178.3014712,8531,784
2023-11-10$52.40$56.0020.3%5.8%18.0%20.7%20.4%0.8%-0.8%364.6K1.8M-22.5K3.7181.04481782,7301,785
2023-11-13$52.05$56.0021.6%6.2%17.7%24.8%22.0%0.5%-1.4%189.7K2.6M-23.7K3.1070.1729902,7661,963
2023-11-14$52.97$56.0020.3%5.8%18.4%20.8%19.5%2.2%-1.1%616.6K1.3M-23.5K0.0079.3853012,7892,045
2023-11-15$52.45$54.0039.9%11.4%18.6%81.6%49.8%-37.8%-25.3%221.3K-797.7K-29.9K0.08145.291,2461043,2112,046
2023-11-16$52.85$54.0021.4%6.1%18.2%24.2%20.5%1.9%7.2%647.5K-323.6K-33.0K0.0085.517504,4472,143
2023-11-17$52.95$54.0018.8%5.4%18.2%16.0%19.2%0.8%-0.1%482.4K-243.1K-30.5K0.0772.2411084,3822,143
2023-11-20$53.52$54.0019.1%5.5%18.4%16.9%20.5%-6.1%-2.7%544.1K-1.4M-29.8K0.2086.70127253,1912,012
2023-11-21$53.08$54.0017.2%4.9%18.6%11.2%16.1%0.7%-0.2%507.1K-156.6K-28.7K0.0786.62446313,1902,017
2023-11-22$53.42$54.0017.4%5.0%17.2%11.7%17.0%0.1%-0.6%728.1K-1.9M-32.2K0.0381.89448123,6342,048
2023-11-24$52.77$54.0018.0%5.2%17.6%13.5%17.9%-0.3%-1.5%684.1K-1.2M-34.1K7.8881.20161264,0752,060
2023-11-27$53.30$54.0018.4%5.3%17.7%14.9%18.3%0.2%-1.7%846.1K-2.3M-34.2K0.6783.64324,0772,200
2023-11-28$53.41$54.0019.1%5.5%17.6%17.1%18.8%0.7%-2.5%883.2K-2.6M-34.2K1.4384.4123334,0802,202
2023-11-29$53.95$54.0019.8%5.7%17.8%19.2%19.9%0.2%-2.5%986.3K-4.5M-33.9K2.3375.5036844,1032,201
2023-11-30$53.41$54.0019.7%5.7%18.2%19.0%19.6%0.1%-3.2%909.7K-2.6M-34.0K0.0187.7632434,1272,236