L Options History — April 2022

In April 2022, L traded between $63.11 and $67.35. ATM implied volatility averaged 26.8%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 11.3% (HV 20d: 15.6%). Max pain ranged from $60.00 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.47.

Notable Days

2022-04-26: Highest Volume — 544 contracts
2022-04-05: Largest IV spike — 94.2% change
2022-04-12: Highest IV Rank — 54.9%
2022-04-25: Largest Expected Move — 8.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$64.68	$63.11	$67.35	$65.00	$63.11
Max Pain	$60.00	$60.00	$60.00	$60.00	$60.00
ATM IV	26.8%	19.1%	52.6%	21.8%	27.9%
Expected Move	6.3%	5.1%	8.1%	5.4%	8.0%
HV 20d	15.6%	12.9%	19.6%	14.3%	19.6%
HV 60d	20.9%	19.9%	21.5%	21.0%	21.4%
IV Rank	17.4%	6.1%	54.9%	10.1%	18.9%
IV Percentile	43.9%	3.6%	96.8%	24.2%	64.7%
Term Structure	2.3%	-12.7%	12.0%	-12.7%	-2.1%
VWIV	28.2%	19.6%	41.0%	37.6%	29.8%
Skew 25d	4.0%	-8.7%	21.4%	21.4%	3.1%
Skew 10d	11.2%	-11.7%	55.8%	37.3%	7.0%
Call IV 25d	27.6%	20.7%	40.3%	36.5%	30.2%
Put IV 25d	31.6%	24.5%	57.9%	57.9%	33.4%
Bid-Ask Spread %	105.05	95.67	114.05	106.17	95.67
Gamma HHI	0.43	0.29	0.81	0.43	0.29
Net GEX	224.0K	126.2K	855.6K	171.9K	136.0K
Net DEX	-3.2M	-4.3M	-2.2M	-3.0M	-3.1M
Net VEX	-14.1K	-16.3K	-12.2K	-13.6K	-16.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.17	1.07	0.61	0.39
Total Volume	379.8	29	544	287	373
Total OI	1,846.85	1,700	2,029	1,704	1,940

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
2022-04-01	$65.00	$60.00	21.8%	5.4%	14.3%	10.1%	37.6%	21.4%	-12.7%	171.9K	-3.0M	-13.6K	0.61	106.17	178	109	1,054	650
2022-04-04	$63.88	$60.00	19.6%	5.1%	15.2%	6.8%	30.7%	-8.7%	7.6%	190.6K	-2.6M	-13.4K	0.57	108.21	178	102	1,053	650
2022-04-05	$63.22	$60.00	38.1%	5.2%	15.9%	33.8%	35.7%	-5.0%	8.9%	126.2K	-2.2M	-13.7K	0.57	109.82	171	98	1,054	647
2022-04-06	$63.24	$60.00	39.1%	5.2%	14.8%	35.3%	41.0%	-6.3%	5.7%	150.1K	-2.3M	-12.4K	0.57	107.75	170	97	1,053	647
2022-04-07	$63.82	$60.00	22.7%	5.5%	14.7%	11.3%	34.1%	-7.3%	4.1%	210.7K	-2.6M	-13.3K	0.75	101.22	244	184	1,053	648
2022-04-08	$64.61	$60.00	22.7%	6.3%	15.1%	11.4%	24.1%	0.7%	-1.6%	234.4K	-3.2M	-13.2K	0.54	111.98	344	187	1,138	744
2022-04-11	$64.69	$60.00	41.8%	6.2%	14.9%	39.2%	26.5%	10.6%	3.2%	242.1K	-3.2M	-14.8K	0.61	106.26	307	187	1,248	745
2022-04-12	$64.34	$60.00	52.6%	6.4%	14.2%	54.9%	26.9%	4.5%	0.5%	283.4K	-3.1M	-14.1K	0.71	105.83	264	187	1,282	747
2022-04-13	$64.87	$60.00	20.9%	6.0%	14.3%	8.7%	21.5%	4.6%	7.6%	407.4K	-3.4M	-14.5K	0.37	102.20	273	101	1,278	748
2022-04-14	$65.22	$60.00	20.3%	5.8%	13.7%	7.9%	21.5%	5.0%	3.6%	855.6K	-4.0M	-12.3K	0.23	101.48	426	97	1,276	749
2022-04-18	$65.31	$60.00	19.1%	5.5%	13.3%	6.1%	20.3%	3.8%	6.2%	151.0K	-3.4M	-14.1K	0.29	98.54	247	71	1,077	661
2022-04-19	$65.69	$60.00	20.1%	5.8%	12.9%	7.5%	21.6%	4.0%	6.4%	164.9K	-3.6M	-13.3K	0.24	98.83	241	59	1,090	660
2022-04-20	$67.35	$60.00	20.9%	6.0%	15.0%	8.7%	19.6%	7.0%	12.0%	166.8K	-4.1M	-13.3K	0.24	107.67	245	59	1,090	661
2022-04-21	$66.72	$60.00	25.0%	7.2%	15.1%	14.7%	28.1%	2.7%	-5.8%	189.1K	-4.3M	-12.2K	0.17	100.25	380	65	1,101	661
2022-04-22	$65.18	$60.00	26.5%	7.6%	17.6%	16.9%	26.7%	4.4%	-1.4%	165.2K	-3.7M	-16.1K	0.31	114.05	368	115	1,222	671
2022-04-25	$64.73	$60.00	28.1%	8.1%	17.1%	19.2%	33.3%	12.8%	-1.5%	178.0K	-3.6M	-15.0K	0.38	102.84	379	143	1,224	671
2022-04-26	$63.75	$60.00	24.1%	6.9%	17.9%	13.5%	28.7%	13.1%	-1.8%	149.8K	-3.3M	-15.7K	0.36	105.13	401	143	1,229	682
2022-04-27	$64.28	$60.00	24.1%	6.9%	18.0%	13.3%	0.0%	5.6%	-0.9%	151.5K	-3.2M	-15.0K	1.07	108.83	14	15	1,228	682
2022-04-28	$64.56	$60.00	21.4%	6.2%	18.0%	9.5%	27.3%	3.1%	8.8%	155.9K	-3.2M	-15.5K	0.41	108.31	266	108	1,241	682
2022-04-29	$63.11	$60.00	27.9%	8.0%	19.6%	18.9%	29.8%	3.1%	-2.1%	136.0K	-3.1M	-16.3K	0.39	95.67	268	105	1,258	682