LTPZ Options History — December 2023

In December 2023, LTPZ traded between $53.72 and $57.68. ATM implied volatility averaged 18.3%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded below realized volatility by 0.2% (HV 20d: 18.5%). Max pain ranged from $54.00 to $56.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 4.82.

Notable Days

2023-12-19: Highest Volume — 667 contracts
2023-12-13: Largest IV drop — 32.9% change
2023-12-11: Highest IV Rank — 33.7%
2023-12-01: Largest Expected Move — 5.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$56.07	$53.72	$57.68	$54.20	$56.75
Max Pain	$54.60	$54.00	$56.00	$54.00	$56.00
ATM IV	18.3%	14.2%	24.5%	20.4%	15.7%
Expected Move	4.7%	4.1%	5.8%	5.8%	4.5%
HV 20d	18.5%	15.4%	20.1%	17.3%	19.7%
HV 60d	19.8%	18.9%	21.3%	19.3%	18.9%
IV Rank	14.5%	1.8%	33.7%	21.0%	6.4%
IV Percentile	33.6%	3.6%	84.1%	41.7%	15.5%
Term Structure	0.7%	-4.2%	1.8%	-4.2%	0.7%
VWIV	16.2%	11.7%	22.0%	20.3%	16.0%
Skew 25d	-0.1%	-2.4%	0.7%	-2.4%	0.1%
Skew 10d	-1.3%	-38.6%	7.8%	-38.6%	3.8%
Call IV 25d	16.5%	14.3%	21.6%	21.6%	15.4%
Put IV 25d	16.4%	15.0%	19.2%	19.2%	15.5%
Bid-Ask Spread %	65.29	43.17	80.08	80.08	51.18
Gamma HHI	0.46	0.16	0.82	0.65	0.22
Net GEX	620.6K	-135.4K	1.8M	1.1M	-135.4K
Net DEX	-6.2M	-15.1M	-70.4K	-6.2M	-70.4K
Net VEX	-18.0K	-37.2K	-7.5K	-37.2K	-12.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.82	0.00	35.92	0.12	2.14
Total Volume	178.2	0	667	123	69
Total OI	5,906.5	4,105	7,576	6,665	4,593

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
2023-12-01	$54.20	$54.00	20.4%	5.8%	17.3%	21.0%	20.3%	-2.4%	-4.2%	1.1M	-6.2M	-37.2K	0.12	80.08	110	13	4,430	2,235
2023-12-04	$53.72	$54.00	22.0%	5.2%	17.6%	25.9%	22.0%	-0.1%	0.5%	1.2M	-5.3M	-36.8K	11.96	67.18	25	299	4,530	2,136
2023-12-05	$54.63	$54.00	23.4%	5.3%	18.3%	30.3%	0.0%	-0.3%	0.6%	1.1M	-8.5M	-30.8K	13.39	68.70	38	509	4,532	2,433
2023-12-06	$55.22	$54.00	24.2%	5.4%	18.3%	32.7%	19.0%	-0.4%	0.1%	1.0M	-10.8M	-28.0K	9.67	65.04	6	58	4,547	2,938
2023-12-07	$55.13	$54.00	23.8%	5.2%	17.9%	31.5%	18.0%	-0.1%	-0.2%	954.1K	-10.9M	-26.4K	0.45	69.90	20	9	4,546	2,995
2023-12-08	$54.95	$54.00	22.2%	5.1%	15.4%	26.5%	17.5%	0.0%	0.4%	1.1M	-10.1M	-26.5K	2.33	69.12	3	7	4,546	2,998
2023-12-11	$54.45	$54.00	24.5%	4.8%	15.9%	33.7%	17.2%	0.1%	1.5%	1.4M	-8.3M	-25.5K	0.71	73.21	28	20	4,546	2,992
2023-12-12	$54.44	$54.00	23.1%	4.7%	15.6%	29.5%	0.0%	-0.4%	1.3%	1.8M	-8.9M	-21.7K	0.00	75.90	6	0	4,564	3,012
2023-12-13	$55.78	$54.00	15.5%	4.5%	16.6%	5.9%	15.4%	-0.1%	1.4%	1.2M	-15.1M	-13.6K	1.86	75.25	71	132	4,551	3,012
2023-12-14	$57.68	$54.00	15.6%	4.5%	19.2%	6.1%	14.3%	0.1%	1.1%	398.6K	-7.5M	-13.7K	2.47	76.99	49	121	2,872	2,997
2023-12-15	$57.61	$54.00	15.6%	4.5%	19.3%	6.1%	0.0%	-0.3%	1.2%	479.8K	-8.2M	-10.6K	1.57	75.16	7	11	2,854	3,118
2023-12-18	$56.96	$54.00	15.5%	4.4%	20.1%	5.8%	11.8%	0.2%	1.4%	559.3K	-7.7M	-9.9K	3.51	52.78	55	193	1,884	2,879
2023-12-19	$56.98	$54.00	14.8%	4.2%	20.0%	3.7%	11.7%	-0.0%	1.8%	267.7K	-7.3M	-12.7K	0.08	56.91	615	52	1,863	3,085
2023-12-20	$57.55	$54.00	15.4%	4.4%	19.6%	5.7%	15.2%	0.5%	1.4%	132.8K	-5.1M	-7.5K	1.95	68.40	167	325	1,298	3,116
2023-12-21	$57.06	$56.00	14.7%	4.2%	20.1%	3.4%	14.9%	0.0%	1.8%	35.5K	-1.1M	-8.3K	3.10	60.36	10	31	658	3,447
2023-12-22	$56.75	$56.00	14.2%	4.1%	19.5%	1.8%	14.2%	0.7%	1.8%	65.8K	-858.8K	-8.0K	35.92	51.32	13	467	663	3,474
2023-12-26	$56.75	$56.00	15.1%	4.3%	19.4%	4.7%	0.0%	0.3%	0.6%	-123.0K	-327.3K	-10.7K	0.00	47.92	0	0	666	3,940
2023-12-27	$57.51	$56.00	14.8%	4.2%	19.7%	3.6%	14.8%	0.3%	1.0%	-100.3K	-935.5K	-9.3K	0.33	43.17	18	6	648	3,940
2023-12-28	$57.25	$56.00	15.1%	4.3%	19.8%	4.7%	0.0%	0.2%	0.2%	-90.2K	-587.8K	-10.9K	0.00	77.28	1	0	655	3,937
2023-12-29	$56.75	$56.00	15.7%	4.5%	19.7%	6.4%	16.0%	0.1%	0.7%	-135.4K	-70.4K	-12.3K	2.14	51.18	22	47	656	3,937