LTPZ Options History — September 2025

In September 2025, LTPZ traded between $51.31 and $53.89. ATM implied volatility averaged 11.3%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded above realized volatility by 0.4% (HV 20d: 10.8%). Max pain ranged from $51.00 to $53.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 2.36.

Notable Days

2025-09-26: Highest Volume — 288 contracts
2025-09-10: Largest IV drop — 7.8% change
2025-09-04: Highest IV Rank — 20.3%
2025-09-03: Largest Expected Move — 3.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.11	$51.31	$53.89	$51.31	$53.23
Max Pain	$51.86	$51.00	$53.00	$51.00	$51.00
ATM IV	11.3%	10.2%	13.3%	12.7%	11.9%
Expected Move	3.2%	2.9%	3.7%	3.6%	3.4%
HV 20d	10.8%	8.9%	11.7%	8.9%	10.2%
HV 60d	10.0%	9.6%	10.3%	9.7%	9.9%
IV Rank	13.5%	9.8%	20.3%	18.5%	15.6%
IV Percentile	32.2%	14.3%	69.4%	58.7%	46.0%
Term Structure	0.1%	-1.2%	0.8%	-1.2%	0.3%
VWIV	10.5%	6.8%	13.9%	13.9%	12.6%
Skew 25d	-0.3%	-13.2%	15.4%	-1.2%	-0.9%
Skew 10d	-0.4%	-12.8%	22.4%	-2.2%	-3.9%
Call IV 25d	12.0%	9.9%	22.8%	13.4%	12.7%
Put IV 25d	11.7%	9.5%	26.8%	12.2%	11.8%
Bid-Ask Spread %	27.79	17.99	73.01	17.99	18.98
Gamma HHI	0.30	0.16	0.51	0.16	0.37
Net GEX	563.1K	169.5K	917.9K	312.8K	467.8K
Net DEX	-2.3M	-4.2M	-83.5K	-83.5K	-2.6M
Net VEX	-12.7K	-15.3K	-10.5K	-10.7K	-15.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.36	0.00	24.50	12.75	0.00
Total Volume	73.857	0	288	110	6
Total OI	2,962.476	1,507	3,598	3,401	2,273

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
2025-09-02	$51.31	$51.00	12.7%	3.6%	8.9%	18.5%	0.0%	-1.2%	-1.2%	312.8K	-83.5K	-10.7K	12.75	17.99	8	102	2,791	610
2025-09-03	$51.85	$51.00	12.9%	3.7%	9.8%	19.1%	13.9%	-0.8%	-1.2%	402.4K	-748.2K	-13.3K	24.50	21.59	10	245	2,801	655
2025-09-04	$52.06	$51.00	13.3%	3.3%	9.7%	20.3%	0.0%	-0.8%	0.4%	449.8K	-1.1M	-13.7K	0.05	19.38	65	3	2,807	653
2025-09-05	$52.83	$51.00	12.3%	3.3%	11.0%	17.0%	12.6%	-0.8%	-0.5%	655.3K	-2.4M	-14.2K	0.07	23.97	14	1	2,872	654
2025-09-08	$53.34	$51.00	12.1%	3.3%	11.5%	16.5%	11.4%	-1.0%	-0.2%	788.5K	-3.2M	-14.3K	1.00	19.44	20	20	2,872	655
2025-09-09	$53.05	$51.00	12.0%	3.2%	11.7%	16.1%	11.4%	-1.0%	-0.3%	702.2K	-2.6M	-13.6K	0.00	19.09	13	0	2,876	666
2025-09-10	$53.32	$51.00	11.1%	3.2%	11.3%	12.9%	11.9%	-0.6%	-0.1%	783.1K	-3.2M	-13.3K	0.56	19.17	9	5	2,889	666
2025-09-11	$53.80	$53.00	10.9%	3.1%	11.4%	12.2%	10.7%	-0.9%	-0.2%	916.0K	-4.0M	-13.4K	0.00	19.55	54	0	2,898	665
2025-09-12	$53.66	$53.00	10.5%	3.0%	11.0%	10.8%	0.0%	-0.3%	0.4%	860.2K	-3.8M	-13.4K	0.00	20.93	0	0	2,933	664
2025-09-15	$53.77	$53.00	10.5%	3.0%	10.4%	11.0%	0.0%	0.0%	0.4%	909.9K	-4.1M	-12.9K	0.03	20.62	61	2	2,933	664
2025-09-16	$53.89	$53.00	10.6%	3.0%	10.2%	11.1%	7.2%	-13.2%	0.5%	917.9K	-4.2M	-12.5K	1.67	29.18	3	5	2,932	666
2025-09-17	$53.86	$53.00	10.5%	3.0%	10.3%	11.0%	10.6%	0.1%	0.1%	873.3K	-4.1M	-12.1K	0.05	73.01	21	1	2,930	661
2025-09-18	$53.34	$53.00	10.2%	2.9%	11.1%	9.8%	10.2%	-0.5%	0.4%	676.1K	-3.0M	-11.5K	0.90	25.72	113	102	2,922	662
2025-09-19	$53.27	$53.00	10.3%	3.0%	11.2%	10.2%	8.5%	-0.1%	-0.0%	575.4K	-2.5M	-10.9K	0.33	21.35	15	5	2,830	647
2025-09-22	$52.91	$53.00	10.4%	3.0%	11.1%	10.5%	7.9%	-0.6%	0.2%	169.5K	-628.0K	-10.5K	0.32	20.74	41	13	968	539
2025-09-23	$53.31	$52.00	10.4%	3.0%	11.2%	10.5%	10.4%	-0.1%	0.3%	198.3K	-998.2K	-10.7K	0.00	69.04	60	0	1,009	582
2025-09-24	$53.13	$52.00	10.6%	3.0%	11.4%	11.1%	6.8%	0.8%	0.7%	222.4K	-970.0K	-11.2K	0.00	51.06	91	0	1,069	582
2025-09-25	$53.11	$51.00	10.8%	3.1%	11.4%	12.0%	10.8%	-0.2%	0.8%	237.3K	-1.1M	-11.3K	0.00	21.64	83	0	1,127	582
2025-09-26	$52.97	$51.00	11.1%	3.2%	11.4%	12.8%	0.0%	15.4%	0.3%	239.8K	-1.2M	-11.9K	0.01	25.52	286	2	1,210	582
2025-09-29	$53.33	$51.00	11.7%	3.3%	11.6%	14.9%	11.9%	-0.0%	0.3%	467.9K	-2.7M	-15.3K	5.00	25.53	12	60	1,631	584
2025-09-30	$53.23	$51.00	11.9%	3.4%	10.2%	15.6%	12.6%	-0.9%	0.3%	467.8K	-2.6M	-15.3K	0.00	18.98	6	0	1,641	632