L Options History — November 2024

In November 2024, L traded between $76.47 and $86.96. ATM implied volatility averaged 17.7%, placing in the 40.5% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 9.1% (HV 20d: 26.8%). Max pain ranged from $75.00 to $80.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.52.

Notable Days

2024-11-06: Highest Volume — 307 contracts
2024-11-11: Largest IV spike — 193.4% change
2024-11-01: Highest IV Rank — 83.1%
2024-11-01: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$83.44	$76.47	$86.96	$79.43	$86.96
Max Pain	$75.25	$75.00	$80.00	$80.00	$75.00
ATM IV	17.7%	8.1%	27.8%	27.8%	17.4%
Expected Move	4.8%	3.4%	8.0%	8.0%	5.0%
HV 20d	26.8%	19.8%	28.9%	19.8%	26.1%
HV 60d	20.7%	15.9%	21.4%	15.9%	21.2%
IV Rank	40.5%	0.0%	83.1%	83.1%	39.6%
IV Percentile	55.8%	0.0%	99.2%	99.2%	67.1%
Term Structure	-0.0%	-6.0%	2.6%	-6.0%	-0.9%
VWIV	17.0%	9.1%	28.8%	28.8%	9.1%
Skew 25d	2.9%	-2.9%	8.1%	5.6%	8.1%
Skew 10d	4.8%	-3.7%	12.6%	12.6%	-1.0%
Call IV 25d	14.9%	9.4%	26.3%	26.3%	9.4%
Put IV 25d	17.9%	11.7%	31.9%	31.9%	17.5%
Bid-Ask Spread %	89.58	46.81	106.76	46.81	106.76
Gamma HHI	0.49	0.30	0.75	0.36	0.30
Net GEX	153.1K	-93.8K	352.1K	1.6K	162.1K
Net DEX	-2.1M	-3.2M	943.5K	-353.0K	-3.1M
Net VEX	-9.9K	-12.5K	-8.6K	-12.5K	-9.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.00	2.12	1.10	0.00
Total Volume	75.15	3	307	44	3
Total OI	1,562.35	1,355	1,805	1,388	1,486

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
2024-11-01	$79.43	$80.00	27.8%	8.0%	19.8%	83.1%	28.8%	5.6%	-6.0%	1.6K	-353.0K	-12.5K	1.10	46.81	21	23	629	759
2024-11-04	$76.47	$75.00	26.6%	6.0%	20.1%	77.9%	21.4%	-1.6%	-0.5%	-93.8K	943.5K	-11.6K	0.84	83.34	161	136	639	774
2024-11-05	$77.98	$75.00	21.7%	5.6%	20.9%	56.7%	20.6%	3.2%	-0.7%	-28.0K	-79.1K	-12.3K	2.12	78.08	65	138	714	869
2024-11-06	$82.53	$75.00	12.9%	3.6%	28.9%	18.4%	15.2%	4.9%	2.6%	119.1K	-2.2M	-10.4K	0.01	94.57	305	2	695	887
2024-11-07	$82.52	$75.00	23.7%	3.4%	28.8%	65.5%	14.2%	-0.4%	1.9%	271.3K	-2.3M	-10.1K	0.00	97.46	22	0	884	888
2024-11-08	$83.22	$75.00	8.1%	4.3%	28.5%	0.0%	18.7%	2.7%	2.0%	338.8K	-2.6M	-10.4K	0.10	85.52	29	3	874	888
2024-11-11	$83.22	$75.00	23.7%	4.5%	28.3%	66.2%	15.6%	3.0%	-0.1%	336.9K	-2.6M	-9.7K	0.45	83.14	29	13	879	889
2024-11-12	$83.10	$75.00	16.0%	4.4%	28.3%	33.6%	15.6%	2.6%	1.7%	271.5K	-2.4M	-9.1K	0.00	90.67	14	0	878	900
2024-11-13	$83.31	$75.00	15.8%	4.5%	28.3%	32.5%	15.7%	2.6%	1.5%	352.1K	-2.6M	-9.4K	1.57	93.73	7	11	878	900
2024-11-14	$82.97	$75.00	16.8%	4.8%	28.2%	36.8%	19.2%	4.1%	-5.6%	259.7K	-2.2M	-10.1K	0.62	99.45	21	13	881	910
2024-11-15	$83.62	$75.00	17.5%	5.0%	28.3%	39.8%	18.1%	6.4%	2.5%	52.3K	-2.2M	-9.6K	0.13	97.53	55	7	884	921
2024-11-18	$84.38	$75.00	15.4%	4.4%	28.2%	31.1%	15.0%	-2.9%	0.2%	96.3K	-2.0M	-8.6K	0.26	94.01	47	12	558	797
2024-11-19	$83.99	$75.00	15.5%	4.4%	28.2%	31.3%	19.0%	5.6%	0.2%	91.5K	-1.9M	-8.9K	0.33	91.55	33	11	568	796
2024-11-20	$84.47	$75.00	16.1%	4.6%	28.3%	33.8%	16.1%	-2.2%	0.2%	105.0K	-2.1M	-8.8K	1.57	94.66	7	11	589	795
2024-11-21	$85.12	$75.00	15.9%	4.6%	28.3%	33.1%	16.5%	3.5%	-1.4%	116.7K	-2.3M	-8.6K	0.11	88.34	102	11	589	804
2024-11-22	$86.11	$75.00	15.6%	4.5%	27.5%	31.7%	13.9%	7.0%	0.5%	131.3K	-2.6M	-9.1K	0.01	85.48	101	1	613	803
2024-11-25	$86.08	$75.00	15.6%	4.5%	27.2%	31.7%	14.9%	-0.0%	0.2%	151.6K	-2.8M	-9.8K	0.09	90.36	34	3	665	803
2024-11-26	$86.39	$75.00	15.7%	4.5%	26.7%	32.3%	15.8%	3.1%	1.2%	162.4K	-2.9M	-9.6K	0.00	94.49	37	0	675	804
2024-11-27	$86.88	$75.00	16.4%	4.7%	26.7%	35.4%	16.5%	3.6%	-0.1%	162.6K	-3.2M	-10.0K	1.14	95.74	7	8	678	804
2024-11-29	$86.96	$75.00	17.4%	5.0%	26.1%	39.6%	9.1%	8.1%	-0.9%	162.1K	-3.1M	-9.6K	0.00	106.76	3	0	679	807