L Options History — June 2019

In June 2019, L traded between $52.16 and $54.53. ATM implied volatility averaged 13.9%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 0.2% (HV 20d: 14.1%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.60.

Notable Days

  • 2019-06-11: Highest Volume — 966 contracts
  • 2019-06-10: Largest IV spike — 25.9% change
  • 2019-06-19: Highest IV Rank — 28.6%
  • 2019-06-19: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.62$52.16$54.53$52.16$54.50
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV13.9%11.6%17.0%16.1%13.8%
Expected Move4.1%3.4%4.9%4.6%4.0%
HV 20d14.1%10.8%17.1%16.7%13.2%
HV 60d13.5%13.3%13.7%13.4%13.7%
IV Rank17.9%10.0%28.6%25.4%17.8%
IV Percentile16.9%3.2%47.6%40.9%13.1%
Term Structure1.6%-2.5%5.2%5.2%2.7%
VWIV15.1%11.9%19.2%19.2%13.4%
Skew 25d1.7%-3.7%6.2%6.2%-3.7%
Skew 10d1.3%-6.8%28.6%28.6%-6.8%
Call IV 25d15.1%12.5%17.4%12.5%16.7%
Put IV 25d16.8%11.7%18.9%18.6%13.0%
Bid-Ask Spread %78.6359.32101.9282.0859.32
Gamma HHI0.510.460.700.460.46
Net GEX26.2K-58.3K183.3K77.9K-3.7K
Net DEX-1.8M-3.3M-79.5K-1.9M-640.3K
Net VEX-15.1K-19.7K-7.6K-9.9K-18.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.004.721.600.87
Total Volume173.9896626196
Total OI2,393.81,7733,0691,7782,165

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-06-03$52.16$50.0016.1%4.6%16.7%25.4%19.2%6.2%5.2%77.9K-1.9M-9.9K1.6082.081016839939
2019-06-04$52.81$50.0013.2%3.8%17.1%15.4%19.1%3.0%-0.4%61.3K-2.4M-8.8K0.7661.512116849924
2019-06-05$53.38$50.0013.4%3.8%16.5%16.2%13.8%-1.8%1.2%30.4K-2.8M-7.8K0.5565.055631853924
2019-06-06$53.70$50.0011.7%4.1%16.4%10.4%15.3%1.5%1.2%20.6K-3.0M-7.6K0.2189.3214731876953
2019-06-07$53.93$50.0011.6%3.9%16.3%10.0%11.9%-3.0%1.5%43.9K-3.1M-7.7K0.1295.6727832873953
2019-06-10$53.99$50.0014.6%4.3%16.0%20.4%14.9%2.2%0.8%159.4K-3.3M-8.0K0.7986.941341061,051954
2019-06-11$53.58$50.0011.8%4.3%13.9%10.6%15.0%2.8%1.0%183.3K-3.0M-9.5K4.7286.701697971,1621,052
2019-06-12$53.34$50.0014.7%4.2%13.4%20.9%15.6%3.6%1.3%-16.9K-1.7M-18.2K0.7186.391651171,1911,775
2019-06-13$53.25$50.0014.6%4.2%13.3%20.6%15.6%3.6%1.6%-35.6K-1.6M-18.3K0.1286.33165191,1911,785
2019-06-14$53.62$50.0014.5%4.2%13.1%20.1%18.6%3.7%1.6%23.5K-1.8M-17.9K0.1487.73139201,1911,783
2019-06-17$52.97$50.0012.0%3.4%14.0%11.5%14.6%3.4%1.9%-58.3K-1.4M-18.5K0.0081.64801,1901,783
2019-06-18$53.32$50.0014.7%4.2%14.1%20.8%14.8%3.8%1.1%-11.1K-1.7M-17.4K0.0188.1318011,1881,783
2019-06-19$53.59$50.0017.0%4.9%13.4%28.6%16.9%1.1%-2.5%102.8K-2.3M-19.7K0.01101.9231331,2871,782
2019-06-20$53.97$50.0014.3%4.1%13.5%19.3%14.3%3.4%1.4%127.1K-1.9M-19.7K0.0389.3011641,2631,783
2019-06-21$54.14$50.0013.9%4.0%12.4%18.1%13.9%-3.3%1.9%-41.4K-1.9M-19.3K0.1970.483261,2631,784
2019-06-24$54.09$50.0013.7%3.9%12.4%17.4%13.7%-3.6%2.7%-28.6K-317.2K-19.0K0.0868.122426451,455
2019-06-25$54.53$50.0014.2%4.1%10.8%19.0%14.2%2.5%2.8%-20.4K-735.6K-17.4K0.3361.7630106491,464
2019-06-26$53.65$50.0013.9%4.0%12.7%18.0%14.2%4.0%2.5%-49.5K-79.5K-19.3K0.4262.4526116581,464
2019-06-27$53.78$50.0013.6%3.9%12.7%16.8%13.9%4.0%3.1%-40.2K-135.9K-19.3K0.3161.8036116871,465
2019-06-28$54.50$50.0013.8%4.0%13.2%17.8%13.4%-3.7%2.7%-3.7K-640.3K-18.6K0.8759.32105917001,465