LII Options History — May 2019

In May 2019, LII traded between $263.49 and $281.05. ATM implied volatility averaged 22.9%, placing in the 33.1% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 0.6% (HV 20d: 22.4%). Max pain ranged from $250.00 to $260.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 2.50.

Notable Days

  • 2019-05-09: Highest Volume — 615 contracts
  • 2019-05-13: Largest IV spike — 49.5% change
  • 2019-05-13: Highest IV Rank — 78.3%
  • 2019-05-31: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$272.41$263.49$281.05$265.60$263.49
Max Pain$251.36$250.00$260.00$260.00$250.00
ATM IV22.9%19.2%30.5%19.7%27.5%
Expected Move6.3%5.5%7.9%5.7%7.9%
HV 20d22.4%17.8%29.0%18.1%29.0%
HV 60d17.2%15.5%21.1%15.7%21.1%
IV Rank33.1%10.9%78.3%14.0%60.2%
IV Percentile48.3%8.7%95.6%13.9%79.4%
Term Structure0.6%-1.1%1.9%0.3%-1.1%
VWIV23.2%18.9%28.9%21.2%28.9%
Skew 25d4.2%3.2%5.4%3.2%5.4%
Skew 10d9.6%6.4%12.7%6.4%12.7%
Call IV 25d20.6%17.5%24.9%19.5%24.9%
Put IV 25d24.7%21.0%30.2%22.7%30.2%
Bid-Ask Spread %62.7436.5481.9746.3081.97
Gamma HHI0.250.110.410.350.15
Net GEX-77.6K-1.1M1.4M-1.0M-291.3K
Net DEX-16.9M-32.8M-4.5M-7.8M-4.5M
Net VEX-103.4K-132.5K-86.1K-132.5K-107.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.500.3812.090.775.05
Total Volume206.3188615165236
Total OI5,531.4553,4557,1686,3274,167

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$265.60$260.0019.7%5.7%18.1%14.0%21.2%3.2%0.3%-1.0M-7.8M-132.5K0.7746.3093721,9224,405
2019-05-02$265.04$260.0019.6%5.6%17.8%13.4%21.4%3.3%0.3%-1.1M-6.2M-132.1K0.7947.0676601,9344,389
2019-05-03$271.40$260.0019.2%5.5%19.8%10.9%18.9%3.5%0.4%40.4K-20.7M-115.1K0.5838.1392531,9354,394
2019-05-06$271.32$250.0022.5%6.0%19.4%30.6%20.7%3.9%1.5%-127.9K-19.2M-113.0K2.7548.858221,9214,394
2019-05-07$265.21$250.0024.0%6.4%20.5%39.6%21.8%4.2%0.9%-1.1M-6.3M-121.2K0.3840.3485321,9254,389
2019-05-08$269.92$250.0023.7%6.2%21.3%37.8%22.2%4.3%1.2%-196.7K-17.1M-110.5K0.7037.2476531,9304,384
2019-05-09$269.75$250.0024.7%6.4%21.0%43.8%23.0%4.5%0.7%-208.0K-15.9M-110.5K12.0937.78475681,9464,389
2019-05-10$277.00$250.0020.4%5.9%22.9%18.2%21.3%4.0%1.9%346.3K-30.9M-91.3K3.8536.54752891,9344,912
2019-05-13$271.82$250.0030.5%6.9%23.8%78.3%23.9%4.6%0.0%-496.3K-19.3M-102.2K1.0040.9725251,9344,912
2019-05-14$274.48$250.0029.6%6.7%23.8%72.7%23.2%4.1%0.8%592.3K-27.8M-86.1K4.7873.65803821,9154,920
2019-05-15$275.38$250.0021.4%6.1%22.9%24.1%23.0%4.0%1.6%1.1M-28.6M-100.1K1.8773.1015281,9165,185
2019-05-16$275.91$250.0021.1%6.0%22.7%22.1%23.5%4.0%1.9%1.4M-30.9M-95.3K0.5975.8182481,9195,215
2019-05-17$276.68$250.0021.1%6.0%22.6%22.0%23.7%4.1%1.8%-47.9K-32.8M-93.3K0.5974.6983491,9305,238
2019-05-20$274.44$250.0023.2%6.7%22.5%34.8%24.3%4.2%-0.2%-49.3K-12.6M-94.1K1.0074.42441,1092,347
2019-05-21$281.05$250.0021.1%6.0%23.2%22.1%21.9%4.0%0.7%23.7K-16.4M-86.4K5.1275.69824201,1072,348
2019-05-22$278.01$250.0021.2%6.1%23.7%22.6%21.5%4.0%0.5%-18.1K-14.5M-95.0K2.0480.421132311,1652,759
2019-05-23$276.25$250.0021.7%6.2%23.6%25.6%23.7%4.6%0.3%-40.0K-13.1M-100.1K2.7477.75942581,1692,867
2019-05-24$274.60$250.0022.8%6.5%23.4%32.2%25.6%4.1%0.1%-58.9K-12.7M-98.4K3.6877.76903311,1722,865
2019-05-28$270.43$250.0024.0%6.9%23.7%39.2%25.9%4.4%-0.4%-118.8K-10.5M-94.9K1.4680.3613191,1842,961
2019-05-29$269.35$250.0024.0%6.9%23.1%39.3%24.7%4.7%-0.5%-161.5K-9.3M-100.7K0.8180.5032261,1832,956
2019-05-30$275.87$250.0021.6%6.2%23.5%25.4%26.1%4.4%0.3%-36.5K-13.6M-93.7K2.4080.8920481,1852,961
2019-05-31$263.49$250.0027.5%7.9%29.0%60.2%28.9%5.4%-1.1%-291.3K-4.5M-107.6K5.0581.97391971,1872,980