LTPZ Options History — March 2025

In March 2025, LTPZ traded between $53.66 and $55.78. ATM implied volatility averaged 11.6%, placing in the 14.2% IV rank vs the trailing year. The 30-day expected move averaged 3.1%. IV traded below realized volatility by 2.0% (HV 20d: 13.6%). Max pain ranged from $52.00 to $54.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.85.

Notable Days

2025-03-21: Highest Volume — 756 contracts
2025-03-21: Largest IV spike — 88.6% change
2025-03-04: Highest IV Rank — 45.3%
2025-03-04: Largest Expected Move — 6.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.27	$53.66	$55.78	$55.78	$54.82
Max Pain	$53.18	$52.00	$54.00	$54.00	$52.00
ATM IV	11.6%	8.1%	20.8%	12.5%	8.7%
Expected Move	3.1%	2.2%	6.0%	3.6%	3.2%
HV 20d	13.6%	11.4%	15.3%	14.2%	11.8%
HV 60d	12.3%	11.9%	12.7%	12.0%	12.3%
IV Rank	14.2%	2.7%	45.3%	17.4%	4.6%
IV Percentile	26.7%	0.4%	95.6%	46.4%	1.6%
Term Structure	-0.1%	-13.2%	9.9%	0.1%	2.0%
VWIV	11.5%	6.7%	19.0%	11.8%	11.1%
Skew 25d	0.0%	-8.8%	14.1%	-2.4%	0.2%
Skew 10d	-0.6%	-15.3%	8.6%	-1.2%	-2.1%
Call IV 25d	11.7%	7.0%	27.7%	13.1%	10.2%
Put IV 25d	11.7%	8.5%	23.2%	10.7%	10.5%
Bid-Ask Spread %	53.04	32.99	146.17	44.51	36.45
Gamma HHI	0.28	0.23	0.39	0.31	0.30
Net GEX	561.6K	-76.3K	1.2M	1.2M	696.2K
Net DEX	-6.2M	-12.1M	-3.5M	-12.1M	-7.8M
Net VEX	-34.3K	-40.1K	-28.6K	-35.7K	-33.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.85	0.00	21.00	0.21	0.00
Total Volume	89.381	0	756	17	1
Total OI	4,557	3,787	5,093	4,435	3,944

Daily Data (21 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
2025-03-03	$55.78	$54.00	12.5%	3.6%	14.2%	17.4%	11.8%	-2.4%	0.1%	1.2M	-12.1M	-35.7K	0.21	44.51	14	3	3,635	800
2025-03-04	$55.02	$54.00	20.8%	6.0%	14.7%	45.3%	19.0%	-6.3%	9.9%	1.0M	-11.4M	-36.7K	1.54	146.17	84	129	3,642	802
2025-03-05	$54.43	$54.00	11.1%	3.2%	15.3%	12.7%	10.8%	0.3%	-1.2%	953.7K	-7.3M	-37.4K	2.15	35.65	143	308	3,649	854
2025-03-06	$54.33	$54.00	12.8%	3.7%	14.5%	18.2%	12.3%	-0.9%	0.6%	768.9K	-6.4M	-39.3K	0.10	98.08	20	2	3,788	1,111
2025-03-07	$53.95	$54.00	8.9%	2.6%	14.7%	5.4%	0.0%	12.2%	-5.2%	367.0K	-5.3M	-40.1K	0.00	83.33	0	1	3,788	1,112
2025-03-10	$54.50	$54.00	9.7%	2.8%	14.9%	8.1%	0.0%	-1.0%	0.7%	823.4K	-7.1M	-36.7K	0.00	102.35	0	0	3,788	1,113
2025-03-11	$53.97	$54.00	15.8%	3.1%	15.3%	28.3%	0.0%	-0.5%	0.9%	397.9K	-4.7M	-36.2K	0.00	56.34	0	1	3,788	1,113
2025-03-12	$53.83	$54.00	10.6%	2.8%	15.3%	11.0%	6.7%	-0.9%	1.6%	264.0K	-4.1M	-35.0K	0.00	35.76	24	0	3,788	1,114
2025-03-13	$54.08	$54.00	11.1%	2.8%	14.2%	12.6%	0.0%	-0.7%	0.6%	357.6K	-5.1M	-34.2K	0.00	34.08	0	0	3,788	1,114
2025-03-14	$53.80	$54.00	10.4%	2.2%	13.4%	10.3%	0.0%	-1.1%	1.4%	61.3K	-3.5M	-33.1K	0.00	35.48	1	0	3,787	1,114
2025-03-17	$53.94	$52.00	10.1%	3.3%	13.4%	9.3%	0.0%	-1.4%	1.2%	-76.3K	-4.2M	-32.2K	0.00	32.99	0	0	3,787	1,114
2025-03-18	$54.14	$52.00	10.1%	3.2%	12.9%	9.2%	11.3%	-0.5%	1.1%	-34.9K	-5.5M	-31.4K	0.00	40.15	8	0	3,787	1,114
2025-03-19	$54.50	$52.00	8.2%	3.1%	13.0%	3.0%	0.0%	-1.5%	3.2%	607.2K	-7.3M	-30.8K	0.00	33.09	1	0	3,783	1,114
2025-03-20	$54.66	$0.00	9.9%	3.0%	13.0%	8.7%	0.0%	-8.8%	0.7%	985.6K	-8.2M	-28.6K	0.00	50.09	205	0	3,782	1,114
2025-03-21	$54.33	$0.00	18.7%	2.8%	12.9%	38.3%	0.0%	3.0%	-12.2%	436.4K	-6.9M	-30.2K	1.98	57.65	254	502	3,979	1,114
2025-03-24	$53.83	$0.00	9.2%	2.8%	13.3%	6.2%	0.0%	14.1%	1.2%	446.5K	-4.1M	-35.5K	0.00	35.52	55	0	2,991	796
2025-03-25	$53.94	$0.00	17.2%	2.9%	12.5%	33.3%	9.2%	-1.2%	-13.2%	695.1K	-4.8M	-33.1K	21.00	43.57	1	21	3,062	796
2025-03-26	$53.75	$52.00	9.8%	3.1%	12.4%	8.1%	11.1%	-0.4%	0.9%	634.7K	-4.0M	-34.0K	2.64	37.68	14	37	3,063	817
2025-03-27	$53.66	$52.00	9.0%	2.6%	12.1%	5.5%	0.0%	0.2%	0.4%	668.1K	-3.6M	-33.2K	0.00	37.28	23	0	3,077	854
2025-03-28	$54.31	$52.00	8.1%	3.0%	11.4%	2.7%	0.0%	-1.4%	3.9%	536.2K	-5.8M	-33.5K	0.00	37.70	25	0	3,067	854
2025-03-31	$54.82	$52.00	8.7%	3.2%	11.8%	4.6%	0.0%	0.2%	2.0%	696.2K	-7.8M	-33.5K	0.00	36.45	1	0	3,090	854