L Options History — May 2022

In May 2022, L traded between $61.41 and $65.67. ATM implied volatility averaged 28.4%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 1.3% (HV 20d: 27.1%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.57.

Notable Days

  • 2022-05-20: Highest Volume — 652 contracts
  • 2022-05-12: Largest IV spike — 61.1% change
  • 2022-05-10: Highest IV Rank — 32.3%
  • 2022-05-27: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$63.59$61.41$65.67$61.41$65.63
Max Pain$59.52$50.00$60.00$60.00$50.00
ATM IV28.4%19.9%37.1%33.4%24.4%
Expected Move8.0%5.7%9.7%9.6%7.0%
HV 20d27.1%21.6%29.9%21.6%25.5%
HV 60d23.3%21.2%24.9%22.2%21.2%
IV Rank19.7%7.3%32.3%26.9%13.8%
IV Percentile61.1%7.9%88.9%82.5%41.3%
Term Structure0.4%-7.6%14.6%-3.3%1.8%
VWIV29.9%22.2%36.0%34.2%24.6%
Skew 25d3.2%-8.8%10.2%7.0%5.8%
Skew 10d11.2%-8.5%38.8%14.0%10.9%
Call IV 25d28.6%22.5%35.4%29.8%23.8%
Put IV 25d31.8%26.0%37.3%36.8%29.6%
Bid-Ask Spread %95.5276.14106.5176.1494.16
Gamma HHI0.370.260.440.260.43
Net GEX181.1K104.7K265.4K104.7K265.4K
Net DEX-3.3M-5.0M-2.1M-2.1M-5.0M
Net VEX-14.9K-16.3K-14.0K-14.9K-14.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.131.660.560.18
Total Volume414286652286347
Total OI2,036.5241,6872,3802,0821,963

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$61.41$60.0033.4%9.6%21.6%26.9%34.2%7.0%-3.3%104.7K-2.1M-14.9K0.5676.141831031,272810
2022-05-03$62.84$60.0030.9%8.9%22.8%23.3%31.5%-5.3%5.9%122.2K-2.4M-15.2K0.43100.192631141,270810
2022-05-04$64.68$60.0030.5%8.8%24.8%22.8%36.0%6.6%-2.0%187.4K-3.9M-16.3K0.36100.002871031,381813
2022-05-05$63.50$60.0026.5%8.4%25.7%16.9%26.9%6.3%-7.6%170.3K-3.5M-16.2K0.5891.041891091,376812
2022-05-06$64.51$60.0026.1%6.9%26.1%16.3%30.0%8.4%1.6%183.7K-3.9M-16.2K0.6987.691911311,385828
2022-05-09$63.19$60.0027.5%7.4%26.8%18.4%31.4%4.0%4.3%158.9K-3.3M-15.8K0.9392.452011871,388781
2022-05-10$62.55$60.0037.1%8.6%26.9%32.3%33.8%-0.4%-1.9%148.7K-2.9M-15.2K0.7195.282421711,395753
2022-05-11$62.46$60.0019.9%5.7%26.9%7.3%22.2%-8.8%14.6%143.1K-2.7M-14.5K0.63100.662421521,345750
2022-05-12$61.60$60.0032.1%9.2%27.0%25.1%35.0%0.5%3.5%106.6K-2.3M-14.5K1.0281.582382421,345752
2022-05-13$63.20$60.0027.6%7.9%28.7%18.4%29.7%3.3%-1.1%163.2K-3.1M-14.4K0.4590.492361061,345659
2022-05-16$63.16$60.0028.1%8.1%28.7%19.2%28.0%-3.0%-1.5%165.6K-3.1M-14.2K0.5599.772261241,355674
2022-05-17$64.61$60.0027.9%8.0%29.9%18.9%27.0%3.6%-4.4%207.5K-3.7M-14.0K0.64106.512411551,355645
2022-05-18$63.38$60.0027.8%8.0%28.9%18.8%29.1%1.6%0.3%160.5K-3.2M-14.0K1.6698.922293801,379672
2022-05-19$63.03$60.0032.9%9.4%28.8%26.3%35.0%0.9%-7.3%180.2K-3.1M-14.1K0.9398.093363111,424853
2022-05-20$62.61$60.0022.4%6.4%27.8%11.0%28.7%3.6%-1.0%183.1K-3.0M-15.1K0.9096.543433091,514866
2022-05-23$64.13$60.0022.0%6.3%29.2%10.3%27.3%2.4%13.5%225.9K-3.6M-14.2K0.1794.79356611,351336
2022-05-24$63.99$60.0030.3%8.7%28.7%22.5%32.4%5.4%-0.0%230.9K-3.4M-15.0K0.1698.04332521,457336
2022-05-25$64.25$60.0030.3%8.7%28.6%22.4%34.0%10.0%-7.1%214.0K-3.6M-15.4K0.16103.54326521,427335
2022-05-26$64.94$60.0024.7%7.1%28.8%14.2%24.5%5.2%2.5%239.0K-3.7M-14.8K0.16105.29334521,442335
2022-05-27$65.67$60.0033.9%9.7%27.7%27.7%26.7%10.2%-2.3%241.9K-3.9M-15.3K0.1394.81386521,443335
2022-05-31$65.63$50.0024.4%7.0%25.5%13.8%24.6%5.8%1.8%265.4K-5.0M-14.4K0.1894.16294531,628335