LTPZ Options History — January 2025

In January 2025, LTPZ traded between $50.97 and $53.34. ATM implied volatility averaged 11.7%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 3.4%. IV traded above realized volatility by 1.9% (HV 20d: 9.8%). Max pain ranged from $52.00 to $54.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.00.

Notable Days

2025-01-17: Highest Volume — 461 contracts
2025-01-15: Largest IV drop — 19.0% change
2025-01-14: Highest IV Rank — 17.7%
2025-01-14: Largest Expected Move — 3.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.14	$50.97	$53.34	$52.08	$52.80
Max Pain	$52.15	$52.00	$54.00	$54.00	$52.00
ATM IV	11.7%	10.5%	14.8%	10.6%	11.7%
Expected Move	3.4%	3.0%	3.6%	3.0%	3.4%
HV 20d	9.8%	8.4%	11.1%	9.7%	10.5%
HV 60d	12.0%	11.4%	12.5%	11.9%	11.4%
IV Rank	7.7%	3.7%	17.7%	3.9%	8.4%
IV Percentile	23.9%	6.0%	75.8%	6.3%	24.2%
Term Structure	1.0%	-0.3%	1.6%	1.2%	1.2%
VWIV	11.7%	10.6%	12.3%	10.6%	11.6%
Skew 25d	-0.6%	-7.5%	0.9%	-2.8%	-1.0%
Skew 10d	-2.9%	-10.6%	9.0%	-1.2%	-5.7%
Call IV 25d	12.4%	10.6%	20.6%	11.2%	12.2%
Put IV 25d	11.8%	8.3%	13.1%	8.3%	11.2%
Bid-Ask Spread %	30.77	17.68	77.40	21.98	35.00
Gamma HHI	0.32	0.29	0.43	0.32	0.30
Net GEX	595.4K	236.6K	1.1M	264.3K	1.1M
Net DEX	-1.8M	-5.8M	1.1M	1.1M	-4.6M
Net VEX	-27.6K	-39.8K	-18.6K	-25.1K	-39.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.00	0.00	10.67	0.15	0.00
Total Volume	131.5	3	461	154	84
Total OI	3,554.6	2,934	4,631	3,252	4,631

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
2025-01-02	$52.08	$54.00	10.6%	3.0%	9.7%	3.9%	0.0%	-2.8%	1.2%	264.3K	1.1M	-25.1K	0.15	21.98	134	20	2,229	1,023
2025-01-03	$51.79	$53.00	10.5%	3.0%	8.5%	3.7%	10.6%	0.9%	1.6%	347.1K	-172.7K	-23.1K	7.55	17.68	11	83	2,241	693
2025-01-06	$51.63	$52.00	11.2%	3.5%	8.5%	5.9%	11.4%	-0.3%	0.4%	299.9K	300.2K	-22.4K	1.33	39.04	15	20	2,251	776
2025-01-07	$51.42	$52.00	10.7%	3.5%	8.4%	4.1%	0.0%	0.3%	-0.3%	279.0K	591.9K	-20.9K	0.00	30.70	19	0	2,256	790
2025-01-08	$51.67	$52.00	11.6%	3.3%	8.9%	7.3%	0.0%	0.3%	0.7%	309.2K	385.2K	-21.8K	0.00	35.31	3	0	2,267	781
2025-01-10	$51.11	$52.00	10.7%	3.4%	9.2%	4.1%	11.9%	-0.5%	0.2%	250.1K	904.7K	-19.5K	0.00	24.39	53	0	2,266	781
2025-01-13	$51.11	$52.00	12.5%	3.5%	9.0%	10.0%	0.0%	-7.5%	1.0%	238.4K	1.0M	-18.6K	0.00	52.12	125	0	2,280	771
2025-01-14	$50.97	$52.00	14.8%	3.6%	8.7%	17.7%	0.0%	-0.2%	0.9%	236.6K	751.2K	-19.5K	0.00	42.65	409	2	2,353	771
2025-01-15	$51.85	$52.00	12.0%	3.4%	11.0%	8.5%	0.0%	0.2%	1.2%	393.7K	-617.0K	-24.8K	0.00	22.24	50	0	2,492	771
2025-01-16	$52.03	$52.00	11.7%	3.4%	11.1%	7.6%	0.0%	0.2%	1.5%	446.6K	-900.5K	-25.4K	0.00	24.57	44	0	2,519	771
2025-01-17	$52.05	$52.00	11.9%	3.4%	11.1%	8.2%	11.7%	0.4%	1.3%	455.6K	-1.2M	-25.7K	0.00	21.85	460	1	2,556	721
2025-01-21	$52.35	$52.00	11.7%	3.3%	11.0%	7.4%	11.7%	0.5%	1.4%	731.0K	-2.5M	-28.3K	0.02	21.49	115	2	2,911	721
2025-01-22	$52.28	$52.00	11.3%	3.2%	9.7%	6.0%	12.3%	0.3%	1.1%	744.0K	-2.4M	-28.4K	0.00	19.96	223	0	2,982	723
2025-01-23	$52.27	$52.00	11.7%	3.4%	9.6%	7.5%	0.0%	-0.2%	1.0%	767.9K	-2.6M	-29.4K	0.00	77.40	25	0	3,131	723
2025-01-24	$52.61	$52.00	11.5%	3.3%	9.7%	6.9%	12.3%	-0.4%	1.0%	853.4K	-3.3M	-31.0K	0.00	25.27	21	0	3,145	723
2025-01-27	$53.34	$52.00	12.3%	3.5%	10.8%	9.3%	0.0%	-0.9%	1.0%	972.1K	-5.5M	-32.9K	0.11	28.47	354	40	3,163	723
2025-01-28	$53.22	$52.00	12.1%	3.5%	10.8%	8.7%	0.0%	-0.9%	1.3%	1.1M	-5.8M	-37.9K	0.00	19.35	25	0	3,545	727
2025-01-29	$53.13	$52.00	12.1%	3.5%	10.3%	8.8%	12.1%	-0.6%	1.1%	1.1M	-5.7M	-38.9K	0.21	22.13	97	20	3,666	727
2025-01-30	$53.14	$52.00	12.3%	3.5%	10.2%	9.3%	11.6%	-0.5%	1.0%	1.1M	-5.8M	-39.4K	10.67	33.78	15	160	3,763	729
2025-01-31	$52.80	$52.00	11.7%	3.4%	10.5%	8.4%	0.0%	-1.0%	1.2%	1.1M	-4.6M	-39.8K	0.00	35.00	84	0	3,802	829