LII Options History — February 2008

In February 2008, LII traded between $35.36 and $39.36. ATM implied volatility averaged 45.7%, placing in the 30.8% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 5.6% (HV 20d: 40.2%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.13.

Notable Days

  • 2008-02-13: Highest Volume — 326 contracts
  • 2008-02-06: Largest IV drop — 38.5% change
  • 2008-02-05: Highest IV Rank — 70.2%
  • 2008-02-05: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.68$35.36$39.36$36.83$37.64
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV45.7%34.0%78.4%53.1%40.8%
Expected Move12.4%11.2%15.7%15.2%11.7%
HV 20d40.2%35.4%47.0%47.0%35.4%
HV 60d43.1%40.5%44.6%43.7%40.7%
IV Rank30.8%16.6%70.2%40.8%24.8%
IV Percentile75.2%43.7%98.4%90.5%67.9%
Term Structure-1.0%-8.8%1.3%-2.9%-0.3%
VWIV43.3%39.7%55.2%55.2%40.6%
Skew 25d2.8%1.2%4.1%1.2%2.8%
Skew 10d2.6%-4.5%5.4%3.3%4.3%
Call IV 25d41.3%40.1%43.6%42.7%40.5%
Put IV 25d44.1%43.2%47.4%43.9%43.3%
Bid-Ask Spread %57.7741.8776.6475.0873.05
Gamma HHI0.690.440.930.540.81
Net GEX47.5K27.1K116.0K54.8K33.9K
Net DEX-858.0K-1.5M-571.8K-988.7K-592.3K
Net VEX-3.4K-4.6K-2.8K-4.6K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.001.001.000.00
Total Volume2803262054
Total OI936.757041,2271,068745

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-02-01$36.83$35.0053.1%15.2%47.0%40.8%0.0%1.2%-2.9%54.8K-988.7K-4.6K1.0075.081010798270
2008-02-04$36.56$35.0061.0%14.9%44.8%50.0%0.0%3.0%-6.8%52.0K-903.6K-4.4K0.0041.8703798270
2008-02-05$35.36$35.0078.4%15.7%45.2%70.2%55.2%3.9%-8.8%41.2K-715.0K-4.3K0.1442.80365798268
2008-02-06$37.12$35.0048.2%12.2%42.2%33.6%0.0%4.1%1.3%68.2K-1.0M-4.1K0.4044.27104834273
2008-02-07$36.50$35.0048.7%12.1%42.6%34.2%0.0%3.1%1.2%60.3K-823.7K-4.0K0.0049.9000833273
2008-02-08$35.45$35.0049.6%12.4%43.5%35.3%0.0%3.4%-1.2%48.7K-571.8K-3.7K0.0056.2900833273
2008-02-11$36.41$35.0049.3%12.3%42.9%34.9%0.0%3.1%0.2%55.6K-766.9K-3.5K0.0054.8000833273
2008-02-12$37.33$35.0034.0%12.2%43.3%16.6%42.0%2.5%-0.0%37.5K-941.7K-3.3K0.0052.1920833273
2008-02-13$37.53$35.0041.2%12.0%42.7%25.2%42.4%2.3%-1.0%41.9K-1.0M-3.3K0.0048.593260833273
2008-02-14$38.46$35.0042.8%12.3%43.3%27.2%42.9%2.9%-1.2%116.0K-1.5M-4.0K0.0350.10341954273
2008-02-15$38.25$35.0043.6%12.5%36.7%28.1%0.0%2.5%-2.0%62.4K-1.1M-3.4K0.0049.7500849274
2008-02-19$39.36$35.0043.0%12.3%37.5%27.4%0.0%2.3%-0.5%29.1K-844.6K-3.0K0.0054.0140445259
2008-02-20$38.52$35.0043.6%12.5%38.8%28.0%43.5%2.0%-1.4%27.1K-698.7K-3.1K0.0053.5330447259
2008-02-21$38.18$35.0039.9%11.4%37.2%23.7%39.7%2.3%0.4%28.6K-630.7K-3.0K0.0063.98400447259
2008-02-22$38.25$35.0039.2%11.2%37.1%22.9%0.0%3.1%1.1%33.7K-701.1K-3.0K0.0062.6500476259
2008-02-25$38.66$35.0039.2%11.2%36.4%22.8%0.0%2.8%1.3%37.7K-773.1K-2.9K0.0065.4130476259
2008-02-26$39.14$35.0039.9%11.4%35.7%23.6%39.8%2.4%-0.1%39.3K-841.0K-2.9K0.0071.7405476259
2008-02-27$39.14$35.0039.8%11.4%35.4%23.6%0.0%2.7%0.0%40.2K-867.9K-2.8K0.0068.83100476259
2008-02-28$38.87$35.0039.2%11.2%35.6%22.9%0.0%3.4%0.7%41.3K-840.2K-2.8K0.0076.6400486259
2008-02-29$37.64$35.0040.8%11.7%35.4%24.8%40.6%2.8%-0.3%33.9K-592.3K-2.8K0.0073.05540486259