L Options History — April 2024

In April 2024, L traded between $73.22 and $77.50. ATM implied volatility averaged 18.6%, placing in the 34.4% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 5.3% (HV 20d: 13.3%). Max pain ranged from $70.00 to $75.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.52.

Notable Days

  • 2024-04-19: Highest Volume — 1,161 contracts
  • 2024-04-10: Largest IV spike — 18.7% change
  • 2024-04-30: Highest IV Rank — 49.5%
  • 2024-04-30: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$75.50$73.22$77.50$77.50$75.24
Max Pain$74.32$70.00$75.00$70.00$75.00
ATM IV18.6%15.4%21.8%16.0%21.8%
Expected Move5.4%4.5%6.3%4.6%6.3%
HV 20d13.3%11.4%15.4%11.4%14.5%
HV 60d12.2%11.1%13.2%11.1%12.8%
IV Rank34.4%19.7%49.5%22.6%49.5%
IV Percentile61.3%23.4%87.7%31.3%87.7%
Term Structure-1.7%-3.9%1.8%0.6%-3.9%
VWIV18.6%14.5%21.8%15.7%21.8%
Skew 25d3.0%0.3%12.1%0.3%2.9%
Skew 10d5.0%2.0%10.0%2.0%5.0%
Call IV 25d18.1%13.7%21.6%13.7%21.6%
Put IV 25d21.1%14.0%31.4%14.0%24.5%
Bid-Ask Spread %81.4770.7890.9172.1088.45
Gamma HHI0.660.490.890.500.58
Net GEX694.7K346.7K1.5M645.3K483.2K
Net DEX-4.8M-7.9M-1.4M-7.9M-4.0M
Net VEX-11.2K-12.8K-7.5K-11.4K-11.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.520.0017.672.0017.67
Total Volume100.364171,1612456
Total OI1,891.8641,5112,0491,9371,719

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$77.50$70.0016.0%4.6%11.4%22.6%15.7%0.3%0.6%645.3K-7.9M-11.4K2.0072.108161,548389
2024-04-02$77.16$70.0015.6%4.5%11.5%20.6%15.0%1.0%1.8%666.2K-7.3M-12.4K0.3870.7834131,539394
2024-04-03$77.34$70.0016.7%4.8%11.5%25.8%16.5%1.9%0.7%641.2K-7.6M-11.5K0.0473.472411,526406
2024-04-04$76.19$75.0016.8%5.3%12.1%26.0%18.8%2.5%-1.6%732.2K-6.3M-12.8K0.5583.741161,539407
2024-04-05$76.47$75.0016.3%5.3%12.1%23.5%17.6%2.4%-2.2%747.4K-6.5M-12.5K0.0683.161611,585406
2024-04-08$76.21$75.0015.8%5.2%12.1%21.3%17.3%2.7%-1.1%806.5K-6.4M-11.8K0.0586.032011,583407
2024-04-09$75.04$75.0015.4%5.2%12.7%19.7%14.5%3.5%-1.2%949.8K-4.9M-12.1K0.6490.9128181,591412
2024-04-10$75.00$75.0018.3%5.2%12.6%33.1%18.9%3.1%-1.3%977.4K-4.8M-11.6K2.7588.888221,596412
2024-04-11$74.10$75.0017.9%5.1%13.2%31.2%18.3%2.4%-1.6%968.0K-3.1M-11.0K1.0880.0713141,596430
2024-04-12$73.84$75.0018.9%5.4%13.2%36.0%18.9%2.2%-1.3%835.6K-2.8M-10.8K0.4281.6226111,600436
2024-04-15$73.43$75.0019.2%5.5%12.5%37.3%19.6%2.3%-1.7%712.1K-2.3M-9.6K0.7381.9715111,590441
2024-04-16$73.41$75.0019.0%5.4%12.3%36.4%19.1%12.1%-1.8%679.4K-1.9M-9.4K4.1588.33271121,588440
2024-04-17$73.22$75.0018.5%5.3%12.0%34.2%19.4%2.2%-1.5%353.9K-1.4M-7.5K2.4679.4128691,585409
2024-04-18$73.93$75.0018.6%5.3%12.5%34.3%18.6%2.3%-1.7%970.4K-2.2M-9.1K0.0087.251701,589460
2024-04-19$75.57$75.0019.7%5.6%15.2%39.7%19.6%3.2%-2.3%1.5M-7.1M-8.3K0.0089.361,15831,584459
2024-04-22$76.55$75.0020.4%5.9%15.4%43.0%19.5%2.7%-2.8%346.7K-4.7M-12.2K0.2176.6299211,083428
2024-04-23$76.56$75.0020.6%5.9%15.2%44.0%19.4%2.9%-2.8%413.3K-4.9M-12.2K0.0378.8113141,167438
2024-04-24$76.59$75.0020.7%5.9%15.2%44.5%20.1%3.8%-2.9%447.3K-5.1M-12.8K0.0375.533611,269442
2024-04-25$76.47$75.0020.5%5.9%14.8%43.2%19.8%2.4%-3.0%460.1K-5.0M-12.6K0.1375.466081,273443
2024-04-26$75.51$75.0020.4%5.8%15.0%42.8%19.5%3.2%-3.0%470.7K-4.2M-12.2K0.0772.312721,261444
2024-04-29$75.60$75.0021.5%6.2%14.5%47.9%21.4%3.1%-3.8%480.2K-4.3M-11.8K0.0088.033201,265442
2024-04-30$75.24$75.0021.8%6.3%14.5%49.5%21.8%2.9%-3.9%483.2K-4.0M-11.8K17.6788.453531,277442