LII Options History — February 2019

In February 2019, LII traded between $229.32 and $248.85. ATM implied volatility averaged 23.1%, placing in the 30.0% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 5.4% (HV 20d: 17.7%). Max pain ranged from $200.00 to $220.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 1.02.

Notable Days

2019-02-01: Highest Volume — 834 contracts
2019-02-05: Largest IV drop — 36.2% change
2019-02-04: Highest IV Rank — 63.5%
2019-02-04: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$241.69	$229.32	$248.85	$229.32	$244.95
Max Pain	$211.05	$200.00	$220.00	$220.00	$220.00
ATM IV	23.1%	18.8%	34.1%	30.9%	23.0%
Expected Move	6.5%	5.4%	7.6%	7.5%	6.6%
HV 20d	17.7%	16.4%	20.5%	19.6%	16.4%
HV 60d	24.8%	23.8%	25.2%	25.2%	23.8%
IV Rank	30.0%	8.2%	63.5%	51.0%	33.6%
IV Percentile	42.3%	4.8%	98.4%	95.6%	44.8%
Term Structure	0.9%	-1.3%	3.5%	-0.6%	0.3%
VWIV	22.5%	19.2%	26.1%	25.7%	20.9%
Skew 25d	4.2%	3.8%	4.8%	4.6%	4.3%
Skew 10d	9.7%	8.7%	11.1%	9.4%	9.1%
Call IV 25d	20.8%	17.9%	24.2%	24.2%	20.3%
Put IV 25d	25.1%	21.7%	28.9%	28.7%	24.6%
Bid-Ask Spread %	76.44	62.95	85.36	66.35	85.36
Gamma HHI	0.23	0.11	0.32	0.12	0.32
Net GEX	412.2K	-196.7K	792.1K	-196.7K	727.5K
Net DEX	-10.0M	-14.6M	536.4K	536.4K	-11.4M
Net VEX	-71.8K	-75.7K	-63.0K	-63.0K	-73.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.02	0.07	3.88	2.00	0.39
Total Volume	194.263	70	834	834	117
Total OI	3,358.316	2,653	3,648	2,653	3,648

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-02-01	$229.32	$220.00	30.9%	7.5%	19.6%	51.0%	25.7%	4.6%	-0.6%	-196.7K	536.4K	-63.0K	2.00	66.35	278	556	453	2,200
2019-02-04	$232.12	$220.00	34.1%	7.6%	16.8%	63.5%	26.1%	4.8%	-1.3%	-102.8K	-1.7M	-70.1K	1.07	62.95	69	74	603	2,203
2019-02-05	$235.25	$220.00	21.8%	6.3%	17.1%	16.7%	21.9%	4.3%	1.5%	-42.3K	-3.3M	-68.5K	0.39	69.45	215	83	654	2,276
2019-02-06	$234.47	$200.00	23.5%	6.7%	17.1%	28.3%	21.9%	4.5%	1.0%	-30.9K	-5.7M	-70.7K	0.49	70.75	72	35	801	2,284
2019-02-07	$232.43	$200.00	23.6%	6.8%	17.1%	36.9%	22.2%	4.4%	0.8%	-85.7K	-5.0M	-73.5K	0.20	70.25	163	32	846	2,296
2019-02-08	$232.52	$210.00	23.5%	6.7%	17.1%	36.2%	22.9%	4.5%	1.0%	-46.3K	-5.5M	-75.5K	0.41	68.79	142	58	915	2,313
2019-02-11	$237.70	$210.00	21.9%	6.3%	18.5%	27.1%	20.9%	4.4%	1.7%	85.1K	-8.7M	-73.7K	0.07	75.16	118	8	962	2,323
2019-02-12	$244.55	$210.00	21.6%	6.2%	20.5%	25.1%	19.7%	3.8%	1.9%	321.1K	-12.5M	-66.9K	0.11	78.15	272	30	1,006	2,327
2019-02-13	$244.60	$210.00	21.3%	6.1%	20.5%	23.5%	22.0%	4.0%	2.1%	653.0K	-14.0M	-71.2K	0.87	78.48	85	74	1,230	2,325
2019-02-14	$244.76	$210.00	21.1%	6.1%	18.5%	22.5%	21.8%	3.9%	2.3%	616.6K	-13.7M	-73.5K	0.87	80.26	86	75	1,246	2,357
2019-02-15	$246.26	$210.00	18.8%	5.4%	18.5%	8.2%	19.2%	3.8%	3.5%	695.4K	-14.6M	-72.1K	0.71	82.96	112	80	1,247	2,357
2019-02-19	$247.46	$210.00	22.3%	6.4%	17.6%	29.2%	25.3%	4.5%	0.9%	727.6K	-13.7M	-73.1K	3.88	78.29	24	93	1,202	2,232
2019-02-20	$247.85	$210.00	22.5%	6.5%	16.8%	30.6%	23.7%	4.1%	0.5%	725.9K	-13.7M	-75.7K	3.63	79.21	30	109	1,216	2,314
2019-02-21	$248.85	$210.00	22.4%	6.4%	16.7%	30.1%	24.1%	4.0%	0.5%	735.5K	-14.4M	-72.3K	1.74	81.13	62	108	1,220	2,340
2019-02-22	$248.82	$210.00	22.1%	6.3%	16.9%	28.2%	24.1%	4.2%	0.7%	763.8K	-14.0M	-72.3K	1.73	81.13	63	109	1,219	2,342
2019-02-25	$247.74	$210.00	22.3%	6.4%	17.0%	29.5%	21.7%	4.3%	0.0%	776.9K	-13.5M	-70.4K	0.25	80.09	56	14	1,232	2,354
2019-02-26	$245.96	$210.00	22.0%	6.3%	17.1%	27.3%	21.6%	4.4%	0.3%	716.6K	-12.1M	-74.6K	0.21	81.25	70	15	1,257	2,368
2019-02-27	$246.58	$210.00	21.1%	6.0%	16.7%	22.2%	21.6%	4.1%	0.6%	792.1K	-12.6M	-74.1K	0.30	82.44	80	24	1,271	2,369
2019-02-28	$244.95	$220.00	23.0%	6.6%	16.4%	33.6%	20.9%	4.3%	0.3%	727.5K	-11.4M	-73.1K	0.39	85.36	84	33	1,273	2,375