LII Options History — April 2023

In April 2023, LII traded between $235.16 and $281.18. ATM implied volatility averaged 30.8%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 2.4% (HV 20d: 28.4%). Max pain ranged from $230.00 to $260.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.47.

Notable Days

  • 2023-04-03: Highest Volume — 63 contracts
  • 2023-04-17: Largest IV spike — 9.8% change
  • 2023-04-04: Highest IV Rank — 24.1%
  • 2023-04-04: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$253.03$235.16$281.18$247.76$281.18
Max Pain$255.79$230.00$260.00$250.00$250.00
ATM IV30.8%27.4%34.7%32.0%28.6%
Expected Move8.8%7.8%9.9%9.2%8.2%
HV 20d28.4%25.1%38.2%25.1%38.1%
HV 60d30.8%29.6%32.4%30.9%31.6%
IV Rank17.7%12.0%24.1%19.7%14.1%
IV Percentile25.5%4.0%56.7%34.1%8.7%
Term Structure-1.4%-5.2%0.7%0.7%-0.7%
VWIV35.0%25.7%51.0%41.4%37.8%
Skew 25d4.1%-4.5%10.7%4.1%-4.5%
Skew 10d13.8%1.0%27.6%17.4%8.0%
Call IV 25d30.4%25.5%35.2%33.6%28.6%
Put IV 25d34.5%24.1%41.6%37.7%24.1%
Bid-Ask Spread %97.0894.36101.9698.9997.12
Gamma HHI0.290.250.360.310.30
Net GEX-105.7K-123.9K-59.2K-111.4K-59.2K
Net DEX1.8M-314.0K3.2M2.3M-314.0K
Net VEX-11.8K-13.0K-10.2K-13.0K-10.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.001.330.001.14
Total Volume13.7370636345
Total OI480.789397527397500

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$247.76$250.0032.0%9.2%25.1%19.7%0.0%4.1%0.7%-111.4K2.3M-13.0K0.0098.9963086311
2023-04-04$236.59$230.0034.7%9.9%29.3%24.1%41.4%6.7%-1.4%-115.0K2.9M-12.4K0.00100.1005148309
2023-04-05$235.19$230.0033.1%9.5%29.1%21.5%0.0%8.3%-1.4%-121.6K3.2M-12.2K0.00101.9600152325
2023-04-06$235.16$260.0030.3%8.8%27.8%17.0%0.0%3.8%-0.7%-123.9K3.2M-12.1K0.0095.5800152325
2023-04-10$236.57$260.0032.8%9.2%27.1%21.0%0.0%5.7%-1.6%-120.7K3.1M-11.8K0.6794.4532153325
2023-04-11$243.80$260.0030.1%9.0%29.3%16.6%31.6%6.4%-0.2%-115.9K2.5M-12.3K0.5097.0221153327
2023-04-12$247.91$260.0031.7%9.1%29.7%19.2%33.7%2.1%-2.6%-112.1K2.2M-12.1K0.5094.8384155328
2023-04-13$251.73$260.0029.6%8.5%28.7%15.7%34.7%1.1%-0.0%-110.7K2.1M-12.3K0.0098.5901153328
2023-04-14$249.52$260.0028.4%8.1%27.8%13.7%0.0%0.1%-0.6%-108.6K2.2M-12.1K0.0096.0130153329
2023-04-17$250.32$260.0031.2%8.9%26.9%18.4%0.0%2.3%-1.8%-114.8K2.1M-11.4K1.3397.3234153329
2023-04-18$253.70$260.0031.4%9.0%25.2%18.7%0.0%5.2%-2.8%-106.1K1.9M-12.1K0.3396.3462156333
2023-04-19$257.41$260.0031.5%9.0%25.6%18.9%31.0%10.7%-5.2%-100.0K1.5M-11.3K0.1797.4561161333
2023-04-20$263.18$260.0031.6%9.1%26.4%19.1%30.1%6.5%-2.4%-94.5K978.2K-11.4K0.2594.51287165334
2023-04-21$261.35$260.0031.4%9.0%26.5%18.8%25.7%5.8%-2.7%-79.3K990.7K-11.5K0.0098.4130187340
2023-04-24$260.13$260.0030.0%8.6%26.0%16.4%51.0%4.3%-1.8%-118.3K1.4M-11.0K0.0898.48121140330
2023-04-25$260.19$260.0030.1%8.6%26.0%16.6%0.0%4.1%-2.0%-113.6K1.3M-11.8K0.0098.4805152331
2023-04-26$257.18$260.0029.5%8.5%26.4%15.6%38.8%0.1%0.3%-122.0K1.5M-12.1K1.3394.4934152336
2023-04-27$278.65$260.0027.4%7.8%38.2%12.0%28.8%4.1%-0.5%-61.3K-123.9K-10.7K0.3094.36309152339
2023-04-28$281.18$250.0028.6%8.2%38.1%14.1%37.8%-4.5%-0.7%-59.2K-314.0K-10.2K1.1497.122124154346