LII Options History — May 2011

In May 2011, LII traded between $45.76 and $49.45. ATM implied volatility averaged 25.6%, placing in the 16.2% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 1.0% (HV 20d: 24.5%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-05-26: Highest Volume — 200 contracts
  • 2011-05-18: Largest IV spike — 26.4% change
  • 2011-05-19: Highest IV Rank — 21.0%
  • 2011-05-06: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.75$45.76$49.45$48.76$46.61
Max Pain$50.95$50.00$55.00$55.00$50.00
ATM IV25.6%22.4%28.7%24.0%26.4%
Expected Move7.6%6.4%8.9%6.9%7.6%
HV 20d24.5%14.7%29.6%28.2%15.0%
HV 60d22.9%22.2%24.7%24.7%22.2%
IV Rank16.2%11.2%21.0%13.7%17.5%
IV Percentile23.9%4.0%45.2%10.3%32.5%
Term Structure0.8%-4.7%3.2%1.3%2.7%
VWIV22.5%22.5%22.5%22.5%22.5%
Skew 25d4.6%-1.9%10.0%6.1%7.7%
Skew 10d7.8%-1.1%28.3%9.4%28.3%
Call IV 25d22.9%19.7%26.4%23.1%21.6%
Put IV 25d27.5%22.2%30.6%29.2%29.3%
Bid-Ask Spread %100.8895.72106.2196.11101.32
Gamma HHI0.750.430.870.850.47
Net GEX-67.6K-157.3K4.8K-112.9K-2.1K
Net DEX1.2M319.0K2.0M1.2M402.8K
Net VEX-2.3K-3.6K-995-3.6K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume12.1430200015
Total OI684.19385793753585

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-05-02$48.76$55.0024.0%6.9%28.2%13.7%0.0%6.1%1.3%-112.9K1.2M-3.6K0.0096.1100203550
2011-05-03$48.24$55.0025.2%7.2%28.1%15.6%0.0%3.8%-0.4%-100.4K1.4M-3.2K0.0095.7200203550
2011-05-04$48.09$55.0024.2%6.9%28.0%14.1%0.0%4.1%-0.0%-99.2K1.5M-3.1K0.0097.26300203550
2011-05-05$49.00$55.0023.6%6.8%29.2%13.2%0.0%-1.1%1.6%-123.3K1.2M-3.6K0.0097.6100233550
2011-05-06$49.45$50.0024.0%8.9%29.6%13.8%0.0%-1.9%-4.7%-133.9K1.1M-3.6K0.00101.5100233550
2011-05-09$49.23$50.0023.3%7.8%28.1%12.6%0.0%9.8%-0.0%-150.8K1.1M-3.5K0.0096.6400233550
2011-05-10$49.36$50.0023.5%7.7%27.8%13.0%0.0%7.8%0.4%-157.3K1.1M-3.4K0.0098.7800233550
2011-05-11$48.70$50.0023.5%7.5%28.0%13.0%0.0%5.2%1.7%-137.6K1.4M-3.0K0.00100.3400233550
2011-05-12$49.05$50.0026.4%7.6%28.2%17.5%0.0%4.9%0.9%-153.1K1.2M-3.2K0.00102.2800233550
2011-05-13$48.25$50.0024.0%6.9%28.1%13.7%0.0%3.4%2.0%-106.5K1.7M-2.4K0.00101.4600233550
2011-05-16$48.08$50.0026.4%7.6%27.9%17.5%0.0%4.3%0.1%-81.7K1.8M-2.1K0.00100.7300233550
2011-05-17$47.51$50.0022.4%6.4%27.8%11.2%0.0%3.5%1.7%-46.3K1.9M-1.8K0.00102.05010233550
2011-05-18$47.39$50.0028.3%8.1%27.6%20.4%0.0%1.1%-0.2%-21.5K2.0M-1.7K0.00100.3900233560
2011-05-19$47.13$50.0028.7%8.2%24.9%21.0%0.0%3.6%0.4%-9.2K2.0M-1.6K0.00102.5200233560
2011-05-20$46.69$50.0028.4%8.2%24.3%20.7%0.0%1.0%0.7%2.1K1.8M-1.5K0.00103.1400233523
2011-05-23$46.06$50.0026.9%7.7%24.4%18.2%0.0%5.7%3.2%4.2K379.3K-1.1K0.00104.8600223172
2011-05-24$45.76$50.0027.8%8.0%15.2%19.7%0.0%3.9%0.7%3.6K355.8K-9950.00104.1800223162
2011-05-25$46.33$50.0027.5%7.9%14.7%19.2%0.0%7.1%1.5%4.3K335.2K-1.1K0.00103.3700223162
2011-05-26$46.61$50.0027.1%7.8%15.0%18.6%22.5%6.7%1.1%4.8K319.0K-1.1K0.00106.210200223162
2011-05-27$46.47$50.0025.5%7.3%15.0%16.1%0.0%10.0%2.9%-2.4K395.0K-1.3K0.00101.8900223362
2011-05-31$46.61$50.0026.4%7.6%15.0%17.5%0.0%7.7%2.7%-2.1K402.8K-1.2K0.00101.32015223362