LII Options History — June 2014

In June 2014, LII traded between $85.29 and $91.16. ATM implied volatility averaged 17.7%, placing in the 45.1% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 1.8% (HV 20d: 15.9%). Max pain ranged from $85.00 to $90.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2014-06-24: Highest Volume — 42 contracts
  • 2014-06-05: Largest IV drop — 24.3% change
  • 2014-06-04: Highest IV Rank — 54.2%
  • 2014-06-04: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.88$85.29$91.16$85.29$89.57
Max Pain$89.05$85.00$90.00$85.00$90.00
ATM IV17.7%14.6%19.3%19.3%16.7%
Expected Move5.1%4.2%5.5%5.5%4.8%
HV 20d15.9%13.4%17.1%16.6%16.5%
HV 60d18.7%17.9%19.4%17.9%18.4%
IV Rank45.1%27.3%54.2%53.9%38.9%
IV Percentile11.3%2.8%26.2%24.6%4.8%
Term Structure2.4%-0.3%4.9%0.5%4.2%
VWIV17.8%14.2%19.3%19.3%16.5%
Skew 25d3.3%1.1%8.4%8.4%3.4%
Skew 10d7.2%-2.1%47.9%11.5%5.6%
Call IV 25d16.3%10.5%18.5%13.1%14.9%
Put IV 25d19.6%17.6%21.4%21.4%18.4%
Bid-Ask Spread %95.0088.46100.5598.4798.22
Gamma HHI0.320.230.510.230.24
Net GEX50.3K-36.5K175.0K36.4K-27.6K
Net DEX-981.1K-2.2M343.5K-28.0K70.9K
Net VEX-9.3K-10.4K-8.6K-10.4K-8.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.004.000.000.00
Total Volume11.81042112
Total OI1,213.3817581,4551,362767

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-06-02$85.29$85.0019.3%5.5%16.6%53.9%19.3%8.4%0.5%36.4K-28.0K-10.4K0.0098.4710592770
2014-06-03$86.17$85.0019.2%5.5%16.0%53.6%14.2%6.3%0.1%47.2K-345.5K-10.2K0.00100.5560591770
2014-06-04$86.50$85.0019.3%5.5%13.4%54.2%19.3%7.7%-0.3%53.5K-525.6K-10.4K0.0998.68222591770
2014-06-05$87.88$85.0014.6%4.2%14.2%27.3%16.3%3.3%2.0%63.1K-1.0M-10.1K4.0098.95312590772
2014-06-06$90.55$90.0017.1%5.4%17.1%41.5%0.0%2.6%1.2%61.3K-2.0M-8.7K0.0093.4720587772
2014-06-09$91.16$90.0017.5%5.3%17.1%43.9%18.4%1.1%2.4%70.6K-2.2M-8.6K1.4390.91710587772
2014-06-10$90.81$90.0017.9%5.4%16.9%46.1%0.0%2.3%1.9%71.1K-2.2M-8.7K0.0090.70220591775
2014-06-11$90.13$90.0018.2%5.3%16.1%47.9%18.6%1.7%2.4%84.9K-2.0M-9.2K0.0092.29016612775
2014-06-12$89.23$90.0018.5%5.3%16.5%49.4%18.6%1.2%2.6%78.8K-1.8M-9.4K0.0090.46014612784
2014-06-13$88.78$90.0018.4%5.3%16.6%49.1%18.3%1.7%2.4%67.8K-1.5M-9.5K1.4088.4657612798
2014-06-16$88.77$90.0018.1%5.2%16.6%47.0%18.2%2.5%2.2%67.9K-1.5M-9.3K0.3394.4231617805
2014-06-17$89.15$90.0018.0%5.2%16.6%46.4%0.0%1.6%3.0%76.1K-1.6M-9.0K0.9091.622018620805
2014-06-18$89.22$90.0017.5%5.0%14.9%43.8%0.0%2.6%2.5%118.9K-1.6M-9.8K0.0091.9110640815
2014-06-19$89.62$90.0018.1%5.2%14.9%46.9%0.0%3.1%2.4%175.0K-1.7M-9.4K0.0092.9000633812
2014-06-20$89.55$90.0017.9%5.1%14.9%45.9%0.0%2.1%2.9%170.2K-1.7M-9.4K0.0094.7705633812
2014-06-23$89.21$90.0017.8%5.1%14.1%45.3%0.0%2.6%2.8%-23.8K123.6K-9.2K0.0098.6830323435
2014-06-24$87.57$90.0017.5%5.0%16.0%43.6%0.0%1.7%3.2%-36.5K343.5K-8.8K0.0096.47420323435
2014-06-25$88.85$90.0018.2%5.2%16.6%47.6%0.0%3.3%2.8%-34.9K265.6K-8.7K0.0098.3850323435
2014-06-26$88.92$90.0016.5%4.7%16.5%37.9%16.5%5.0%4.4%-29.5K196.0K-9.0K0.0098.5709323435
2014-06-27$89.64$90.0016.3%4.7%16.5%36.9%0.0%5.5%4.9%-33.6K121.6K-8.8K0.0096.1100323444
2014-06-30$89.57$90.0016.7%4.8%16.5%38.9%0.0%3.4%4.2%-27.6K70.9K-8.9K0.0098.22012323444