LII Options History — November 2011

In November 2011, LII traded between $29.16 and $33.57. ATM implied volatility averaged 49.5%, placing in the 32.6% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 4.7% (HV 20d: 54.2%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-11-15: Highest Volume — 36 contracts
  • 2011-11-03: Largest IV drop — 28.3% change
  • 2011-11-16: Highest IV Rank — 41.4%
  • 2011-11-16: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.77$29.16$33.57$31.12$33.13
Max Pain$29.29$25.00$30.00$25.00$30.00
ATM IV49.5%36.3%58.9%55.5%39.6%
Expected Move14.6%11.0%16.9%15.9%11.4%
HV 20d54.2%42.1%60.2%59.7%48.7%
HV 60d62.3%60.0%65.9%65.8%61.9%
IV Rank32.6%20.0%41.4%38.2%23.2%
IV Percentile85.5%65.9%96.8%94.4%65.9%
Term Structure-0.6%-7.7%6.8%-0.4%6.8%
VWIV47.9%41.8%53.9%41.8%53.9%
Skew 25d8.7%2.4%16.6%11.5%6.8%
Skew 10d10.1%0.6%31.5%3.7%17.8%
Call IV 25d43.0%35.9%47.4%41.8%41.3%
Put IV 25d51.7%48.0%63.1%53.3%48.0%
Bid-Ask Spread %107.31103.26114.83110.19107.02
Gamma HHI0.350.260.450.370.45
Net GEX6.8K1.1K16.5K16.5K5.2K
Net DEX-1.2M-1.9M106.9K-1.6M-67.6K
Net VEX-1.6K-2.0K-1.4K-2.0K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume3.33303600
Total OI820.1434391,041989441

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-11-01$31.12$25.0055.5%15.9%59.7%38.2%0.0%11.5%-0.4%16.5K-1.6M-2.0K0.00110.1900750239
2011-11-02$32.22$25.0053.8%15.4%60.2%36.6%0.0%7.8%-1.8%11.6K-1.7M-1.9K0.00114.83010750239
2011-11-03$33.18$25.0038.5%11.0%59.1%22.1%0.0%5.5%5.3%8.2K-1.9M-1.8K0.00114.7600750249
2011-11-04$33.25$30.0045.1%14.4%57.8%28.3%0.0%11.1%-4.1%8.8K-1.9M-1.8K0.00105.6810750249
2011-11-07$33.05$30.0041.3%13.0%55.1%24.7%0.0%10.0%6.5%9.3K-1.9M-1.7K0.00105.57010751249
2011-11-08$33.57$30.0036.3%12.9%55.0%20.0%41.8%11.2%-3.7%8.0K-1.9M-1.6K0.00103.26100751259
2011-11-09$31.68$30.0046.3%16.8%58.7%29.5%0.0%8.7%-7.7%9.3K-1.7M-1.7K0.00103.5900747259
2011-11-10$31.84$30.0052.1%14.9%58.3%35.0%0.0%3.5%-1.4%9.3K-1.7M-1.6K0.00106.4801747259
2011-11-11$33.09$30.0048.4%13.9%59.6%31.5%0.0%6.6%1.7%8.1K-1.9M-1.6K0.00109.1900747260
2011-11-14$33.11$30.0049.5%14.2%57.2%32.6%0.0%7.1%1.0%7.9K-1.9M-1.6K0.00106.4900747260
2011-11-15$32.69$30.0047.5%13.6%56.8%30.7%0.0%6.7%0.2%8.4K-1.8M-1.6K0.00107.56036747260
2011-11-16$31.76$30.0058.9%16.9%57.4%41.4%0.0%10.7%-5.3%6.8K-1.7M-1.8K0.00104.3500747294
2011-11-17$30.95$30.0054.5%15.6%57.3%37.3%0.0%14.8%-3.5%8.9K-1.6M-1.7K0.00105.1600747294
2011-11-18$31.37$30.0052.8%15.1%57.3%35.6%0.0%2.9%-1.6%7.3K-1.6M-1.7K0.00106.8200747294
2011-11-21$30.91$30.0054.4%15.6%56.3%37.2%0.0%13.5%0.3%2.2K41.8K-1.6K0.00107.7400207232
2011-11-22$30.60$30.0053.0%15.2%46.8%35.8%0.0%10.0%2.1%2.1K56.8K-1.6K0.00107.0900207232
2011-11-23$29.58$30.0053.9%15.4%48.0%36.7%53.9%2.4%-3.5%1.1K106.9K-1.5K0.00105.1502207232
2011-11-25$29.16$30.0053.4%15.3%42.2%36.2%0.0%16.6%-1.6%1.4K101.5K-1.4K0.00107.9200207234
2011-11-28$30.26$30.0052.7%15.1%45.1%35.6%0.0%6.7%-1.2%1.5K98.7K-1.4K0.00107.0400207234
2011-11-29$30.71$30.0052.4%15.0%42.1%35.3%0.0%8.6%-1.5%2.0K73.5K-1.4K0.00107.5900207234
2011-11-30$33.13$30.0039.6%11.4%48.7%23.2%0.0%6.8%6.8%5.2K-67.6K-1.5K0.00107.0200207234