LII Options History — April 2022

In April 2022, LII traded between $214.73 and $262.09. ATM implied volatility averaged 32.8%, placing in the 52.7% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 1.7% (HV 20d: 31.1%). Max pain ranged from $240.00 to $250.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 1.08.

Notable Days

2022-04-25: Highest Volume — 282 contracts
2022-04-11: Largest IV spike — 46.6% change
2022-04-11: Highest IV Rank — 100.0%
2022-04-29: Largest Expected Move — 11.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$244.89	$214.73	$262.09	$260.76	$214.73
Max Pain	$248.00	$240.00	$250.00	$250.00	$240.00
ATM IV	32.8%	26.2%	46.8%	26.3%	39.1%
Expected Move	9.2%	8.3%	11.2%	8.3%	11.2%
HV 20d	31.1%	27.4%	37.2%	34.0%	36.7%
HV 60d	29.9%	28.7%	32.7%	28.7%	32.7%
IV Rank	52.7%	35.9%	100.0%	37.0%	71.5%
IV Percentile	81.7%	59.9%	100.0%	60.7%	96.8%
Term Structure	-0.6%	-2.9%	3.6%	2.7%	-2.6%
VWIV	34.2%	31.0%	42.2%	31.7%	38.7%
Skew 25d	5.0%	1.0%	9.8%	3.6%	6.9%
Skew 10d	9.5%	-0.6%	18.0%	3.7%	7.2%
Call IV 25d	31.1%	26.8%	37.1%	26.8%	37.1%
Put IV 25d	36.1%	30.3%	44.0%	30.3%	44.0%
Bid-Ask Spread %	92.15	86.73	98.16	90.17	98.16
Gamma HHI	0.22	0.12	0.49	0.14	0.38
Net GEX	-23.4K	-80.6K	2.7K	1.1K	-80.2K
Net DEX	1.3M	303.6K	3.2M	432.2K	3.2M
Net VEX	-9.2K	-11.5K	-7.4K	-11.4K	-8.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.08	0.86	2.32	1.02	0.86
Total Volume	170.8	9	282	168	218
Total OI	334.05	288	438	307	438

Daily Data (20 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
2022-04-01	$260.76	$250.00	26.3%	8.3%	34.0%	37.0%	31.7%	3.6%	2.7%	1.1K	432.2K	-11.4K	1.02	90.17	83	85	183	124
2022-04-04	$262.09	$250.00	27.6%	8.3%	32.1%	42.2%	31.0%	4.0%	0.0%	2.0K	345.9K	-11.0K	1.06	86.73	81	86	181	124
2022-04-05	$261.72	$250.00	26.2%	8.5%	30.7%	36.5%	31.7%	4.0%	1.1%	2.7K	303.6K	-10.8K	1.05	89.26	82	86	185	124
2022-04-06	$259.02	$250.00	32.5%	8.7%	28.8%	62.4%	32.9%	6.9%	-0.1%	1.5K	400.8K	-10.9K	1.05	91.18	82	86	190	124
2022-04-07	$258.71	$250.00	28.9%	8.5%	27.4%	44.2%	33.4%	7.1%	-2.0%	-3.1K	463.2K	-10.6K	1.02	89.27	82	84	190	124
2022-04-08	$256.63	$250.00	28.5%	8.8%	27.4%	39.8%	32.3%	5.4%	-0.2%	-2.8K	387.1K	-11.5K	1.00	91.56	84	84	190	125
2022-04-11	$248.07	$250.00	41.8%	9.3%	28.9%	100.0%	34.9%	4.4%	3.6%	-37.3K	1.1M	-9.3K	1.00	87.84	87	87	194	133
2022-04-12	$242.80	$250.00	46.8%	9.3%	28.1%	100.0%	34.4%	3.2%	-0.4%	-34.4K	1.4M	-8.4K	1.00	93.04	87	87	197	133
2022-04-13	$246.66	$250.00	30.8%	8.8%	29.0%	40.6%	33.4%	3.2%	-1.2%	-40.5K	1.3M	-8.8K	1.01	89.81	87	88	197	134
2022-04-14	$239.78	$250.00	31.1%	8.9%	29.4%	41.7%	34.6%	1.0%	-0.8%	-27.3K	1.6M	-8.2K	0.92	92.70	96	88	198	135
2022-04-18	$237.49	$250.00	30.3%	8.7%	27.4%	38.8%	31.7%	5.0%	-0.5%	-7.9K	1.2M	-7.4K	0.93	89.87	80	74	176	112
2022-04-19	$245.87	$250.00	29.5%	8.5%	31.1%	35.9%	31.0%	4.9%	-0.3%	-2.5K	998.6K	-8.1K	1.03	92.82	76	78	180	112
2022-04-20	$250.87	$250.00	30.5%	8.7%	32.1%	39.4%	31.9%	4.7%	-0.3%	-1.5K	762.0K	-9.0K	1.04	94.90	77	80	180	118
2022-04-21	$252.49	$250.00	32.2%	9.2%	29.0%	46.0%	33.3%	5.9%	-1.1%	-1.0K	730.3K	-9.1K	1.04	95.09	77	80	181	120
2022-04-22	$248.55	$250.00	31.6%	9.1%	29.1%	43.6%	32.5%	3.8%	-2.9%	-3.2K	903.1K	-8.7K	1.05	93.32	76	80	181	120
2022-04-25	$238.94	$250.00	33.7%	9.7%	31.9%	51.5%	42.2%	9.8%	-0.7%	-5.4K	1.2M	-7.8K	2.32	93.88	85	197	185	121
2022-04-26	$224.61	$240.00	37.5%	10.7%	37.2%	65.4%	42.1%	8.7%	-2.6%	-75.4K	2.9M	-8.2K	1.13	93.22	100	113	192	234
2022-04-27	$224.60	$240.00	36.0%	10.3%	35.8%	60.0%	0.0%	3.5%	-2.2%	-71.9K	2.8M	-8.3K	0.00	96.67	0	9	190	232
2022-04-28	$223.41	$240.00	35.3%	10.1%	35.8%	57.4%	35.9%	3.5%	-1.1%	-80.6K	2.9M	-7.9K	1.02	93.58	101	103	191	233
2022-04-29	$214.73	$240.00	39.1%	11.2%	36.7%	71.5%	38.7%	6.9%	-2.6%	-80.2K	3.2M	-8.0K	0.86	98.16	117	101	191	247