LII Options History — March 2007

In March 2007, LII traded between $33.80 and $37.64. ATM implied volatility averaged 38.5%. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 6.5% (HV 20d: 32.0%). Max pain ranged from $22.50 to $35.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 3.05.

Notable Days

  • 2007-03-22: Highest Volume — 90 contracts
  • 2007-03-07: Largest IV drop — 76.4% change
  • 2007-03-02: Largest Expected Move — 25.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.51$33.80$37.64$34.32$35.70
Max Pain$33.53$22.50$35.00$22.50$35.00
ATM IV38.5%21.3%103.9%86.7%27.7%
Expected Move9.7%6.1%25.7%24.8%7.9%
HV 20d32.0%19.2%46.9%46.5%28.8%
HV 60d33.6%32.6%34.8%33.6%32.6%
Term Structure-3.9%-43.6%10.4%-40.5%0.9%
VWIV24.7%19.2%27.4%25.0%27.4%
Skew 25d2.2%-5.6%3.6%3.6%2.5%
Skew 10d7.5%-5.4%42.9%42.3%2.1%
Call IV 25d41.8%25.0%140.2%119.7%28.3%
Put IV 25d44.1%26.3%143.5%123.3%30.8%
Bid-Ask Spread %98.6378.98167.83133.1390.59
Gamma HHI0.460.330.670.410.36
Net GEX5.8K-5.2K16.4K8.0K-5.2K
Net DEX-436.5K-606.9K-138.9K-482.9K-140.0K
Net VEX-1.6K-2.6K-1.2K-1.5K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.050.0040.000.000.00
Total Volume12.72709003
Total OI369.591261430376415

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-03-01$34.32$22.5086.7%24.8%46.5%0.0%0.0%3.6%-40.5%8.0K-482.9K-1.5K0.00133.1300217159
2007-03-02$34.19$22.5089.6%25.7%45.6%0.0%0.0%3.5%-43.6%8.1K-476.4K-1.5K0.00133.2400217159
2007-03-05$33.80$0.00100.6%14.6%46.0%0.0%0.0%3.4%-18.7%7.9K-452.1K-1.5K0.00167.8300217159
2007-03-06$34.84$0.00103.9%14.6%46.9%0.0%0.0%2.7%-15.6%8.2K-507.2K-1.4K0.00165.7230217159
2007-03-07$35.00$0.0024.5%7.0%46.6%0.0%0.0%2.1%1.9%7.9K-558.1K-1.2K0.0081.8505215159
2007-03-08$35.20$0.0024.5%6.9%46.6%0.0%0.0%3.3%1.8%7.5K-557.9K-1.2K0.0084.85120215164
2007-03-09$35.70$0.0024.2%7.2%19.2%0.0%25.0%-5.6%1.7%7.9K-601.9K-1.3K0.0084.8670224164
2007-03-12$35.46$35.0022.9%7.1%19.3%0.0%0.0%1.7%1.9%11.5K-606.9K-1.3K0.0089.5900231164
2007-03-13$33.90$35.0026.2%7.4%24.9%0.0%0.0%3.5%0.9%10.3K-506.0K-1.4K0.0086.1070231164
2007-03-14$34.27$35.0024.3%7.6%25.1%0.0%0.0%3.0%0.3%11.7K-525.3K-1.4K0.0086.2500233164
2007-03-15$35.09$35.0026.7%7.6%26.6%0.0%0.0%2.3%0.6%15.2K-586.8K-1.3K1.2588.1345233164
2007-03-16$35.23$35.0026.7%7.6%26.6%0.0%0.0%3.0%0.5%16.4K-600.3K-1.3K0.4087.3052236169
2007-03-19$35.51$35.0027.6%7.9%26.7%0.0%0.0%2.4%-1.2%6.5K-373.3K-1.3K0.0084.2512016596
2007-03-20$36.45$35.0027.2%7.8%28.3%0.0%0.0%1.3%0.9%6.9K-420.1K-1.4K1.0084.592217596
2007-03-21$36.56$35.0027.3%7.8%28.3%0.0%27.3%1.7%0.8%7.1K-453.7K-1.3K0.0085.4818017796
2007-03-22$36.91$35.0028.0%8.0%28.4%0.0%0.0%2.4%3.0%7.5K-477.2K-1.3K0.0079.2309018296
2007-03-23$37.64$35.0021.3%6.1%29.0%0.0%0.0%1.4%2.3%-1.1K-402.1K-1.7K0.00106.5010182180
2007-03-26$37.17$35.0022.7%6.5%29.5%0.0%19.2%2.6%10.4%-36-334.0K-1.9K40.0098.12280182180
2007-03-27$36.73$35.0027.4%7.9%26.7%0.0%27.4%2.5%2.4%-5.2K-246.9K-2.5K0.0091.4550180250
2007-03-28$35.74$35.0028.7%8.2%28.8%0.0%0.0%2.8%1.3%-5.2K-154.3K-2.6K0.0078.98150180250
2007-03-29$35.72$35.0028.1%8.1%28.8%0.0%0.0%3.4%1.2%-5.2K-138.9K-2.4K0.0081.9200165250
2007-03-30$35.70$35.0027.7%7.9%28.8%0.0%0.0%2.5%0.9%-5.2K-140.0K-2.4K0.0090.5930165250