L Options History — May 2025 In May 2025, L traded between $86.55 and $89.43. ATM implied volatility averaged 20.9%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 4.2% (HV 20d: 25.1%). Max pain ranged from $80.00 to $90.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.77.
Notable Days 2025-05-27 : Highest Volume — 314 contracts2025-05-07 : Largest IV drop — 37.0% change2025-05-06 : Highest IV Rank — 37.1%2025-05-01 : Largest Expected Move — 7.7%Monthly Statistics Metric Avg Min Max Open Close Price $88.24 $86.55 $89.43 $86.88 $89.08 Max Pain $83.33 $80.00 $90.00 $80.00 $90.00 ATM IV 20.9% 14.1% 27.4% 26.8% 23.2% Expected Move 6.0% 4.4% 7.7% 7.7% 6.7% HV 20d 25.1% 16.3% 48.6% 48.2% 16.6% HV 60d 30.6% 30.1% 31.0% 30.5% 30.4% IV Rank 24.6% 11.6% 37.1% 35.9% 29.0% IV Percentile 66.5% 11.1% 92.5% 90.9% 81.7% Term Structure 0.0% -4.7% 2.5% -4.7% -2.3% VWIV 21.9% 18.9% 30.6% 30.6% 21.5% Skew 25d 1.7% -5.7% 8.8% -2.6% 3.0% Skew 10d 7.0% -10.9% 16.0% -10.9% 8.0% Call IV 25d 20.9% 17.8% 28.5% 26.2% 20.3% Put IV 25d 22.5% 14.5% 29.8% 23.6% 23.4% Bid-Ask Spread % 85.64 73.26 95.40 94.08 89.26 Gamma HHI 0.29 0.20 0.40 0.20 0.28 Net GEX 129.2K 57.8K 200.1K 113.0K 152.8K Net DEX -2.0M -2.7M -1.1M -2.0M -2.4M Net VEX -10.1K -16.4K -7.3K -8.3K -16.4K Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 0.77 0.02 4.92 1.14 0.25 Total Volume 78.952 15 314 30 64 Total OI 1,267.19 987 1,718 987 1,718
Daily Data (21 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 2025-05-01 $86.88 $80.00 26.8% 7.7% 48.2% 35.9% 30.6% -2.6% -4.7% 113.0K -2.0M -8.3K 1.14 94.08 14 16 586 401 2025-05-02 $88.12 $80.00 23.8% 6.8% 48.6% 30.2% 26.4% 6.6% -4.7% 125.0K -2.3M -7.9K 0.68 89.61 84 57 588 408 2025-05-05 $86.55 $80.00 27.0% 6.8% 38.2% 36.4% 25.6% 5.0% 0.6% 125.6K -2.1M -8.3K 4.92 73.26 13 64 631 449 2025-05-06 $86.75 $80.00 27.4% 6.8% 35.4% 37.1% 24.3% 3.6% 0.3% 120.2K -1.9M -9.1K 0.36 77.11 11 4 630 468 2025-05-07 $87.98 $80.00 17.3% 6.1% 35.4% 17.6% 21.1% -5.4% 2.2% 141.9K -2.4M -7.3K 0.32 88.76 28 9 623 472 2025-05-08 $88.06 $80.00 14.1% 6.0% 26.2% 11.6% 21.0% 3.7% 0.3% 137.5K -2.3M -8.1K 0.24 82.31 84 20 618 470 2025-05-09 $88.25 $80.00 17.5% 5.5% 23.9% 18.1% 22.2% 8.8% 0.3% 152.8K -2.4M -7.4K 0.04 84.43 46 2 653 480 2025-05-12 $89.00 $80.00 22.9% 5.4% 23.8% 28.5% 19.7% -5.7% 1.7% 162.4K -2.6M -8.2K 0.05 83.50 80 4 655 480 2025-05-13 $89.09 $80.00 20.6% 5.0% 22.2% 24.1% 19.6% 4.3% 2.5% 200.1K -2.7M -8.2K 0.71 81.60 17 12 704 484 2025-05-14 $87.23 $80.00 21.9% 6.3% 23.4% 26.4% 20.9% 3.8% 1.6% 150.3K -2.1M -7.3K 0.44 77.33 64 28 712 502 2025-05-15 $88.72 $85.00 22.2% 6.4% 23.2% 27.1% 22.5% 2.2% -2.0% 183.5K -2.6M -9.1K 1.61 83.87 51 82 758 529 2025-05-16 $89.43 $85.00 18.3% 5.2% 23.2% 19.6% 19.1% 4.0% 0.2% 181.1K -2.6M -8.8K 1.16 80.19 50 58 769 594 2025-05-19 $89.36 $85.00 18.9% 5.4% 19.9% 20.7% 19.2% 3.3% 0.5% 108.1K -1.8M -9.3K 0.36 86.23 53 19 644 510 2025-05-20 $89.09 $85.00 18.9% 5.4% 16.7% 20.8% 18.9% -0.4% 0.3% 117.3K -1.8M -9.2K 0.95 95.40 19 18 674 526 2025-05-21 $87.81 $85.00 20.3% 5.8% 17.6% 23.4% 22.9% 3.2% 0.5% 89.3K -1.3M -9.1K 1.86 89.78 37 69 679 543 2025-05-22 $87.88 $85.00 20.8% 6.0% 17.4% 24.5% 22.5% -2.9% 1.0% 57.8K -1.1M -12.9K 0.55 89.13 22 12 733 672 2025-05-23 $87.88 $85.00 20.0% 5.7% 16.3% 22.8% 22.8% 3.9% 1.2% 62.5K -1.1M -12.4K 0.28 87.60 40 11 745 684 2025-05-27 $88.95 $85.00 20.9% 6.0% 16.6% 24.6% 19.0% -5.2% -1.0% 85.6K -1.7M -13.3K 0.04 86.96 301 13 784 697 2025-05-28 $88.12 $90.00 15.4% 4.4% 16.9% 14.0% 19.0% 5.8% 2.2% 112.8K -1.9M -15.8K 0.02 86.82 58 1 945 707 2025-05-29 $88.72 $90.00 20.2% 5.8% 16.9% 23.2% 20.2% -4.0% 0.2% 133.4K -2.0M -16.1K 0.10 91.17 21 2 979 707 2025-05-30 $89.08 $90.00 23.2% 6.7% 16.6% 29.0% 21.5% 3.0% -2.3% 152.8K -2.4M -16.4K 0.25 89.26 51 13 999 719
« Apr 2025 | All History | Jun 2025 » Home L History May 2025