LII Options History — August 2009

In August 2009, LII traded between $33.74 and $37.20. ATM implied volatility averaged 35.1%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 7.2% (HV 20d: 27.9%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-08-21: Highest Volume — 152 contracts
  • 2009-08-10: Largest IV drop — 8.9% change
  • 2009-08-27: Highest IV Rank — 10.9%
  • 2009-08-27: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.60$33.74$37.20$35.51$35.88
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV35.1%32.8%36.6%34.3%36.0%
Expected Move10.1%9.7%10.5%9.8%10.3%
HV 20d27.9%25.6%30.7%29.0%30.0%
HV 60d30.9%27.6%33.9%33.9%28.5%
IV Rank9.4%7.0%10.9%8.6%10.3%
IV Percentile5.7%1.2%11.1%1.6%9.9%
Term Structure0.9%-0.6%2.7%0.3%1.1%
VWIV36.4%32.8%43.2%34.3%32.8%
Skew 25d7.0%-3.1%14.9%3.6%-3.1%
Skew 10d9.7%-5.6%26.4%5.5%-5.6%
Call IV 25d29.8%22.7%37.4%32.6%37.4%
Put IV 25d36.8%29.8%40.4%36.2%34.3%
Bid-Ask Spread %73.4528.7999.6987.1055.05
Gamma HHI0.610.520.770.530.75
Net GEX41.5K27.7K51.8K43.6K34.6K
Net DEX-1.9M-2.7M-763.7K-1.8M-2.0M
Net VEX-6.4K-7.9K-4.7K-7.9K-5.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume17.0480152210
Total OI1,848.8571,7481,9101,8681,770

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-08-03$35.51$35.0034.3%9.8%29.0%8.6%34.3%3.6%0.3%43.6K-1.8M-7.9K0.0087.10201,174694
2009-08-04$35.64$35.0035.8%10.3%28.0%10.1%0.0%4.6%-0.1%42.5K-1.9M-7.8K0.0086.07001,176694
2009-08-05$35.14$35.0035.1%10.1%28.8%9.4%0.0%3.8%0.3%43.7K-1.7M-7.8K0.0071.58001,176694
2009-08-06$35.01$35.0034.1%9.8%28.7%8.3%0.0%4.0%-0.6%44.0K-1.7M-7.7K0.0071.80001,176694
2009-08-07$35.88$35.0036.0%10.1%29.2%10.4%0.0%4.3%2.5%43.3K-2.1M-7.4K0.0074.41001,176694
2009-08-10$35.19$35.0032.8%10.0%30.2%7.0%0.0%3.8%0.7%48.6K-1.7M-7.2K0.0074.38001,176694
2009-08-11$34.58$35.0034.6%10.2%30.7%8.9%0.0%12.3%0.5%47.2K-1.4M-7.2K0.0081.030101,176694
2009-08-12$35.22$35.0034.0%10.0%26.7%8.2%0.0%13.4%1.6%47.2K-1.8M-7.0K0.0085.160101,176704
2009-08-13$35.66$35.0034.3%9.8%26.1%8.6%0.0%14.9%1.4%46.9K-2.0M-6.8K0.0084.920101,176714
2009-08-14$34.74$35.0034.0%9.7%26.3%8.2%0.0%9.3%1.7%49.8K-1.4M-6.9K0.0080.900101,176724
2009-08-17$33.74$35.0034.2%9.8%27.1%8.4%0.0%10.2%2.0%43.4K-763.7K-6.5K0.0077.010101,176734
2009-08-18$34.60$35.0035.3%10.1%28.0%9.6%43.2%12.8%0.9%51.8K-1.3M-6.5K0.0080.820361,176734
2009-08-19$34.68$35.0035.2%10.1%26.5%9.5%0.0%12.5%1.2%47.4K-1.3M-6.5K0.0082.430201,144744
2009-08-20$35.14$35.0035.3%10.1%25.6%9.6%35.2%3.7%1.1%51.3K-1.6M-6.4K0.0089.312001,144754
2009-08-21$36.03$35.0036.6%10.5%27.0%10.9%36.6%0.0%1.1%37.6K-2.3M-6.0K0.0099.6915201,151754
2009-08-24$36.87$35.0036.4%10.4%28.0%10.7%0.0%4.1%0.4%31.6K-2.4M-5.3K0.0055.44021,060689
2009-08-25$37.20$35.0035.0%10.0%27.6%9.3%0.0%3.6%2.7%29.7K-2.7M-4.8K0.0028.79201,060688
2009-08-26$37.03$35.0036.2%10.4%27.7%10.6%32.8%4.3%0.7%29.5K-2.6M-4.9K0.0047.460641,062688
2009-08-27$36.81$35.0036.6%10.5%27.8%10.9%0.0%3.3%-0.3%30.8K-2.4M-5.0K0.0061.84001,062708
2009-08-28$37.08$35.0035.8%10.3%27.9%10.1%0.0%14.0%0.2%27.7K-2.6M-4.7K0.0067.33001,062708
2009-08-31$35.88$35.0036.0%10.3%30.0%10.3%0.0%-3.1%1.1%34.6K-2.0M-5.1K0.0055.050101,062708