LII Options History — May 2023

In May 2023, LII traded between $274.59 and $291.58. ATM implied volatility averaged 28.2%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 3.5% (HV 20d: 31.7%). Max pain ranged from $250.00 to $280.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.06.

Notable Days

  • 2023-05-30: Highest Volume — 326 contracts
  • 2023-05-04: Largest IV spike — 9.7% change
  • 2023-05-31: Highest IV Rank — 18.8%
  • 2023-05-01: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$282.87$274.59$291.58$282.92$276.53
Max Pain$270.00$250.00$280.00$250.00$270.00
ATM IV28.2%26.3%31.5%28.0%31.5%
Expected Move8.3%7.5%9.6%9.6%8.4%
HV 20d31.7%21.5%37.7%37.7%22.3%
HV 60d30.0%28.9%30.9%30.9%29.2%
IV Rank13.4%10.2%18.8%13.0%18.8%
IV Percentile11.8%2.4%39.3%6.0%39.3%
Term Structure0.2%-1.8%3.1%-0.3%-1.8%
VWIV30.8%23.3%49.4%33.5%33.1%
Skew 25d4.3%0.4%7.3%6.1%5.0%
Skew 10d5.9%-2.8%17.8%-0.1%2.3%
Call IV 25d27.5%23.2%32.6%25.3%32.6%
Put IV 25d31.8%26.0%37.6%31.4%37.6%
Bid-Ask Spread %94.4485.8998.7996.0393.27
Gamma HHI0.150.120.200.200.16
Net GEX-60.8K-155.7K63.0K-61.1K-17.4K
Net DEX-706.2K-2.2M442.6K-440.8K-506.0K
Net VEX-11.4K-12.6K-10.3K-10.6K-12.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.008.508.500.08
Total Volume56132619146
Total OI816.1365431,1815431,181

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$282.92$250.0028.0%9.6%37.7%13.0%33.5%6.1%-0.3%-61.1K-440.8K-10.6K8.5096.03217175368
2023-05-02$281.49$280.0029.0%8.5%37.4%14.8%49.4%5.1%0.1%-89.7K-214.3K-10.7K0.0097.3303177384
2023-05-03$283.22$280.0026.7%8.5%31.9%10.8%0.0%4.4%0.3%-78.0K-454.9K-10.3K0.0097.7840177384
2023-05-04$277.68$270.0029.2%7.6%33.1%15.1%0.0%4.5%-1.5%-111.7K102.5K-11.5K0.0094.9750181382
2023-05-05$283.39$270.0026.7%8.3%33.2%10.9%32.3%5.3%3.1%-88.1K-508.6K-10.5K0.1296.0218221185382
2023-05-08$282.59$270.0029.1%8.3%33.5%14.9%32.0%4.6%0.3%-83.3K-386.8K-11.3K4.8795.561573340397
2023-05-09$283.36$270.0027.4%8.5%32.6%12.1%27.8%3.2%2.9%-94.3K-483.6K-11.0K0.2097.06204327458
2023-05-10$288.38$270.0027.5%8.1%32.6%12.2%29.0%4.7%1.2%-48.7K-1.2M-11.3K0.1795.47183347462
2023-05-11$289.25$270.0029.8%8.2%32.5%16.0%27.4%3.4%-0.9%-12.0K-1.6M-11.7K0.4695.75136357465
2023-05-12$287.72$270.0027.1%7.8%32.3%11.6%29.3%3.8%-0.2%-31.3K-1.5M-11.6K1.7596.2647367469
2023-05-15$285.67$270.0027.4%7.7%32.7%12.1%23.3%7.3%1.2%-48.8K-1.2M-11.9K0.0298.791303364415
2023-05-16$281.43$270.0027.7%8.0%33.4%12.7%29.6%4.1%-0.7%-82.1K-654.9K-12.6K0.5096.86105454417
2023-05-17$287.35$270.0026.3%7.5%33.7%10.2%25.9%6.4%1.3%-36.8K-1.4M-12.0K0.0196.59701459422
2023-05-18$291.58$270.0026.7%7.6%33.3%10.9%0.0%5.4%1.0%63.0K-2.2M-11.2K0.0695.92161511423
2023-05-19$287.92$270.0026.3%7.5%33.7%10.2%27.0%1.1%1.8%30.7K-1.8M-11.1K0.0597.95603523424
2023-05-22$281.20$270.0027.9%8.2%35.0%13.0%27.8%1.4%0.2%-36.9K-573.6K-11.6K0.6088.082012515394
2023-05-23$276.30$270.0027.8%8.3%35.8%12.8%36.8%3.7%-0.6%-107.9K104.9K-11.7K3.0090.6326518408
2023-05-24$274.59$270.0028.0%7.9%35.6%13.1%0.0%6.7%-1.6%-155.7K442.6K-11.5K0.0090.4104518417
2023-05-25$277.88$270.0029.1%8.9%21.5%15.0%0.0%3.0%0.3%-131.8K-9.5K-11.8K0.0085.8910524428
2023-05-26$281.77$270.0029.6%9.3%21.8%15.7%0.0%0.4%-0.4%-61.8K-542.4K-11.9K0.7388.99118525429
2023-05-30$280.88$270.0030.9%8.8%21.7%17.9%29.4%5.0%-0.9%-53.0K-500.7K-10.9K0.0192.003224503399
2023-05-31$276.53$270.0031.5%8.4%22.3%18.8%33.1%5.0%-1.8%-17.4K-506.0K-12.2K0.0893.2713511778403