LTPZ Options History — February 2025

In February 2025, LTPZ traded between $52.81 and $55.47. ATM implied volatility averaged 10.9%, placing in the 8.6% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded below realized volatility by 1.8% (HV 20d: 12.6%). Max pain ranged from $52.00 to $54.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 1.20.

Notable Days

2025-02-05: Highest Volume — 529 contracts
2025-02-27: Largest IV spike — 82.9% change
2025-02-27: Highest IV Rank — 35.7%
2025-02-27: Largest Expected Move — 5.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.01	$52.81	$55.47	$53.55	$55.47
Max Pain	$53.68	$52.00	$54.00	$52.00	$54.00
ATM IV	10.9%	7.3%	18.0%	13.0%	10.4%
Expected Move	3.2%	2.1%	5.1%	3.7%	3.0%
HV 20d	12.6%	11.2%	14.6%	11.5%	14.6%
HV 60d	11.6%	10.8%	12.0%	11.6%	12.0%
IV Rank	8.6%	0.0%	35.7%	13.0%	10.4%
IV Percentile	21.6%	0.0%	90.9%	47.2%	9.1%
Term Structure	0.4%	-11.9%	9.4%	0.2%	1.0%
VWIV	10.9%	6.5%	24.5%	11.8%	24.5%
Skew 25d	-0.9%	-3.3%	2.5%	-1.3%	-3.3%
Skew 10d	-1.7%	-4.8%	2.4%	-4.8%	-3.7%
Call IV 25d	10.3%	6.9%	13.6%	13.6%	11.6%
Put IV 25d	9.4%	6.6%	12.6%	12.2%	8.3%
Bid-Ask Spread %	47.58	25.46	83.93	42.21	52.87
Gamma HHI	0.29	0.23	0.40	0.29	0.29
Net GEX	1.6M	997.7K	2.2M	1.2M	1.3M
Net DEX	-8.4M	-11.3M	-4.3M	-6.8M	-11.2M
Net VEX	-42.3K	-48.6K	-36.0K	-42.3K	-36.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.20	0.00	13.43	0.00	0.56
Total Volume	91.158	0	529	239	14
Total OI	5,112.474	4,436	5,616	4,713	4,447

Daily Data (19 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
2025-02-03	$53.55	$52.00	13.0%	3.7%	11.5%	13.0%	0.0%	-1.3%	0.2%	1.2M	-6.8M	-42.3K	0.00	42.21	239	0	3,884	829
2025-02-04	$53.66	$52.00	12.0%	3.5%	11.2%	9.5%	0.0%	0.4%	1.3%	1.3M	-7.9M	-45.1K	0.00	25.46	32	0	4,076	829
2025-02-05	$54.42	$52.00	12.4%	3.6%	11.8%	10.9%	11.8%	-0.7%	-0.3%	1.3M	-10.7M	-44.5K	0.00	25.48	529	0	4,098	829
2025-02-06	$54.34	$54.00	11.4%	3.0%	11.6%	7.0%	10.5%	-0.7%	2.3%	1.6M	-11.3M	-48.6K	0.14	30.54	74	10	4,565	829
2025-02-07	$53.91	$54.00	9.7%	2.9%	12.2%	1.1%	0.0%	-0.5%	9.4%	1.7M	-9.5M	-48.6K	2.40	28.60	5	12	4,639	839
2025-02-10	$53.75	$54.00	9.1%	4.2%	11.4%	0.0%	10.0%	-1.3%	1.1%	1.8M	-8.9M	-47.0K	0.00	41.74	254	1	4,643	850
2025-02-11	$53.63	$54.00	9.8%	2.7%	11.5%	2.5%	0.0%	-0.8%	2.6%	2.0M	-8.2M	-46.5K	0.00	38.62	2	0	4,765	851
2025-02-12	$52.81	$54.00	9.2%	2.6%	13.0%	0.3%	9.4%	-0.6%	2.2%	1.7M	-4.3M	-40.9K	0.03	57.50	131	4	4,767	791
2025-02-13	$53.58	$54.00	14.9%	4.3%	12.6%	20.5%	0.0%	-2.7%	-9.5%	2.1M	-7.7M	-44.0K	0.00	50.69	0	0	4,646	794
2025-02-14	$53.79	$54.00	8.7%	2.5%	12.6%	0.0%	0.0%	-1.5%	2.1%	2.0M	-8.7M	-44.2K	0.00	67.83	11	0	4,651	794
2025-02-18	$53.25	$54.00	8.6%	2.5%	13.3%	0.0%	9.2%	1.6%	2.4%	2.0M	-5.7M	-39.7K	1.83	47.62	35	64	4,651	794
2025-02-19	$53.40	$54.00	7.3%	2.1%	13.2%	0.0%	0.0%	-2.3%	3.7%	2.1M	-6.3M	-40.0K	2.00	42.93	1	2	4,648	858
2025-02-20	$53.67	$54.00	8.8%	2.5%	13.3%	5.1%	0.0%	-1.4%	1.5%	2.2M	-7.8M	-40.5K	0.00	40.29	0	0	4,647	860
2025-02-21	$54.11	$54.00	8.7%	2.5%	13.5%	4.7%	0.0%	-0.6%	1.9%	2.2M	-10.5M	-41.2K	0.00	69.49	61	0	4,647	860
2025-02-24	$54.30	$54.00	15.2%	4.3%	13.4%	26.3%	9.0%	0.1%	-11.5%	997.7K	-6.6M	-39.4K	13.43	83.93	14	188	3,643	797
2025-02-25	$54.95	$54.00	9.7%	2.8%	13.1%	8.0%	11.4%	-2.1%	7.9%	1.1M	-9.1M	-39.5K	0.00	55.16	29	0	3,638	805
2025-02-26	$55.08	$54.00	9.8%	2.8%	13.1%	8.4%	6.5%	-1.5%	1.0%	1.2M	-9.8M	-37.3K	0.00	45.95	9	0	3,631	805
2025-02-27	$54.58	$54.00	18.0%	5.1%	13.6%	35.7%	7.2%	2.5%	-11.9%	1.2M	-8.9M	-38.2K	0.00	57.07	11	0	3,632	805
2025-02-28	$55.47	$54.00	10.4%	3.0%	14.6%	10.4%	24.5%	-3.3%	1.0%	1.3M	-11.2M	-36.0K	0.56	52.87	9	5	3,642	805