LII Options History — April 2007

In April 2007, LII traded between $33.58 and $36.75. ATM implied volatility averaged 27.7%. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 2.2% (HV 20d: 25.5%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.10.

Notable Days

  • 2007-04-24: Highest Volume — 81 contracts
  • 2007-04-23: Largest IV drop — 12.7% change
  • 2007-04-16: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.42$33.58$36.75$35.99$33.81
Max Pain$34.25$30.00$35.00$35.00$35.00
ATM IV27.7%25.9%30.4%27.5%27.4%
Expected Move8.1%7.4%8.7%7.9%7.8%
HV 20d25.5%17.9%33.3%28.4%33.1%
HV 60d33.6%32.4%36.8%32.4%36.2%
Term Structure1.3%-1.5%9.9%2.3%-0.3%
VWIV26.1%19.0%29.0%27.5%28.2%
Skew 25d2.0%-1.4%7.2%2.8%3.1%
Skew 10d1.8%-7.0%11.9%3.1%6.7%
Call IV 25d26.7%21.2%28.5%28.3%24.0%
Put IV 25d28.7%21.0%31.2%31.2%27.1%
Bid-Ask Spread %77.3553.7395.0691.5691.70
Gamma HHI0.400.330.600.360.51
Net GEX1.0K-6.2K14.0K-6.2K14.0K
Net DEX-240.9K-464.9K-41.2K-153.4K-204.6K
Net VEX-2.4K-2.8K-2.2K-2.3K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.100.000.720.000.00
Total Volume16.15081123
Total OI486.5418590418590

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-04-02$35.99$35.0027.5%7.9%28.4%0.0%27.5%2.8%2.3%-6.2K-153.4K-2.3K0.0091.56120168250
2007-04-03$35.53$35.0026.5%7.6%27.0%0.0%0.0%2.6%3.0%-3.4K-166.1K-2.3K0.0086.9700180250
2007-04-04$35.90$35.0027.4%7.9%27.2%0.0%0.0%2.6%1.6%-3.6K-190.5K-2.3K0.0086.7220180250
2007-04-05$35.66$35.0027.3%7.8%27.3%0.0%0.0%3.1%2.0%-3.2K-175.1K-2.3K0.0095.0600182250
2007-04-09$35.62$30.0026.0%8.3%26.8%0.0%29.0%2.0%2.2%-2.9K-171.5K-2.3K0.0082.84130182250
2007-04-10$35.58$30.0026.3%8.7%26.7%0.0%0.0%2.9%-0.1%-1.6K-188.9K-2.3K0.0053.7300192250
2007-04-11$34.99$30.0026.2%8.4%21.8%0.0%28.9%2.8%0.1%-817-147.6K-2.3K0.4871.142110192250
2007-04-12$35.19$35.0029.2%8.4%21.6%0.0%0.0%3.3%-0.7%-1.6K-160.4K-2.4K0.0070.36100204260
2007-04-13$35.58$35.0029.7%8.5%20.3%0.0%0.0%2.1%-0.7%-758-224.8K-2.4K0.0061.79300214260
2007-04-16$36.10$35.0030.4%8.7%20.8%0.0%0.0%2.1%-1.5%1.3K-350.7K-2.5K0.0072.88150244260
2007-04-17$36.62$35.0027.9%8.0%21.2%0.0%24.2%-0.8%4.7%979-464.9K-2.4K0.0071.09220258260
2007-04-18$36.35$35.0029.0%8.3%19.3%0.0%0.0%-0.5%1.8%801-411.9K-2.4K0.0068.3130246260
2007-04-19$36.52$35.0029.1%8.3%19.4%0.0%0.0%0.1%1.9%-426-428.5K-2.3K0.2574.8541246260
2007-04-20$36.41$35.0029.6%8.5%19.1%0.0%0.0%-1.4%0.2%-882-395.3K-2.3K0.0073.8100244261
2007-04-23$36.75$35.0025.9%7.4%17.9%0.0%19.0%0.9%9.9%-3.0K-384.8K-2.2K0.0077.40100227261
2007-04-24$33.91$35.0028.1%8.1%33.3%0.0%28.2%7.2%-0.2%2.4K-41.2K-2.3K0.7281.624734231261
2007-04-25$33.58$35.0027.7%8.0%33.2%0.0%0.0%4.8%-0.3%5.4K-66.5K-2.5K0.0088.43560260257
2007-04-26$34.18$35.0027.3%7.8%32.9%0.0%0.0%0.6%-0.7%11.3K-202.4K-2.7K0.0061.88200303257
2007-04-27$34.21$35.0026.2%7.5%33.0%0.0%0.0%-0.3%0.7%12.2K-289.1K-2.8K0.0084.88100323257
2007-04-30$33.81$35.0027.4%7.8%33.1%0.0%0.0%3.1%-0.3%14.0K-204.6K-2.8K0.0091.7003333257