L Options History — June 2024

In June 2024, L traded between $73.65 and $77.44. ATM implied volatility averaged 15.7%, placing in the 38.0% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 0.2% (HV 20d: 15.5%). Max pain ranged from $70.00 to $75.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.63.

Notable Days

  • 2024-06-21: Highest Volume — 902 contracts
  • 2024-06-05: Largest IV drop — 6.6% change
  • 2024-06-04: Highest IV Rank — 45.1%
  • 2024-06-03: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$75.35$73.65$77.44$75.68$74.55
Max Pain$73.95$70.00$75.00$70.00$75.00
ATM IV15.7%14.6%17.0%17.0%15.2%
Expected Move4.5%4.2%4.9%4.9%4.3%
HV 20d15.5%14.2%16.8%15.8%16.0%
HV 60d14.6%14.0%15.4%14.1%15.4%
IV Rank38.0%32.7%45.1%35.1%35.7%
IV Percentile35.8%18.3%55.6%55.6%27.4%
Term Structure1.0%-1.5%5.4%-1.4%1.7%
VWIV15.4%14.1%16.8%16.5%15.2%
Skew 25d3.0%1.8%6.5%2.7%5.5%
Skew 10d5.4%3.3%10.4%5.6%8.9%
Call IV 25d14.5%12.6%16.7%16.5%12.7%
Put IV 25d17.6%16.5%19.4%19.2%18.2%
Bid-Ask Spread %84.5266.4989.9087.1076.66
Gamma HHI0.690.270.850.630.71
Net GEX473.1K91.1K875.2K454.1K386.8K
Net DEX-3.5M-5.6M-1.5M-4.0M-2.3M
Net VEX-14.2K-15.9K-12.0K-15.0K-14.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.011.890.060.03
Total Volume79.78929021831
Total OI1,964.1581,5022,2072,0241,569

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-06-03$75.68$70.0017.0%4.9%15.8%35.1%16.5%2.7%-1.4%454.1K-4.0M-15.0K0.0687.101711,273751
2024-06-04$75.43$70.0016.9%4.9%14.5%45.1%16.6%2.7%-1.5%457.6K-3.7M-15.9K0.0585.092111,282807
2024-06-05$74.95$70.0015.8%4.5%14.5%39.1%15.8%6.5%-0.6%486.7K-3.2M-15.6K0.1066.491011,282808
2024-06-06$75.13$75.0015.6%4.3%14.6%37.8%14.9%2.7%1.0%504.9K-3.5M-15.3K1.0087.43111,280809
2024-06-07$75.37$75.0015.2%4.3%14.7%35.7%14.7%2.7%1.1%522.5K-3.6M-15.0K1.2087.84561,281810
2024-06-10$75.53$75.0016.1%4.3%14.2%40.8%15.1%2.6%1.3%542.9K-3.8M-14.3K1.8987.529171,281810
2024-06-11$74.26$75.0015.5%4.3%15.1%37.6%15.1%2.1%0.9%543.6K-2.3M-14.7K0.8288.3922181,281822
2024-06-12$74.63$75.0014.8%4.2%15.3%33.5%14.7%2.3%1.3%623.0K-2.7M-14.8K0.0783.274331,298820
2024-06-13$73.96$75.0014.6%4.2%15.4%32.7%14.6%2.2%1.1%574.1K-1.9M-13.9K0.7884.08971,305823
2024-06-14$73.65$75.0015.0%4.3%15.0%35.0%15.0%2.1%0.9%513.0K-1.5M-13.6K0.9185.3023211,309823
2024-06-17$75.16$75.0015.6%4.5%16.8%37.9%15.7%2.8%0.6%875.2K-3.5M-13.4K0.5385.1419101,314824
2024-06-18$76.18$75.0015.6%4.5%16.3%38.0%14.1%2.4%0.7%589.8K-5.0M-12.4K0.6885.0237251,321824
2024-06-20$76.62$75.0015.9%4.6%16.4%39.8%15.3%1.9%5.4%376.5K-5.3M-12.0K0.0589.909851,319846
2024-06-21$76.70$75.0016.4%4.7%16.4%42.0%16.8%2.9%0.2%91.1K-5.6M-12.2K0.0186.31891111,359848
2024-06-24$77.44$75.0016.7%4.8%14.3%43.9%15.6%2.1%1.0%314.6K-4.5M-13.3K0.8389.1042351,010524
2024-06-25$76.21$75.0016.0%4.6%15.6%40.3%15.9%1.8%1.4%351.8K-3.6M-14.5K0.2584.82369980522
2024-06-26$75.05$70.0015.4%4.4%16.5%37.0%15.5%5.5%1.4%393.2K-2.8M-14.9K1.6480.8111181,012524
2024-06-27$75.19$75.0015.2%4.3%16.6%35.6%15.2%4.3%1.8%387.7K-2.9M-14.9K1.0085.65111,016552
2024-06-28$74.55$75.0015.2%4.3%16.0%35.7%15.2%5.5%1.7%386.8K-2.3M-14.7K0.0376.663011,016553