LII Options History — June 2023

In June 2023, LII traded between $281.91 and $327.70. ATM implied volatility averaged 26.4%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 2.5% (HV 20d: 28.9%). Max pain ranged from $270.00 to $350.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.93.

Notable Days

  • 2023-06-02: Highest Volume — 186 contracts
  • 2023-06-26: Largest IV spike — 26.7% change
  • 2023-06-26: Highest IV Rank — 15.9%
  • 2023-06-01: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$309.36$281.91$327.70$281.91$327.70
Max Pain$290.95$270.00$350.00$270.00$290.00
ATM IV26.4%23.3%29.7%29.0%26.5%
Expected Move7.3%6.3%8.5%8.5%6.9%
HV 20d28.9%23.4%31.6%23.4%25.9%
HV 60d29.9%27.6%31.4%29.3%27.6%
IV Rank10.4%5.2%15.9%14.7%10.6%
IV Percentile7.9%0.4%32.1%16.7%7.5%
Term Structure0.6%-2.4%6.0%-0.6%-0.4%
VWIV25.6%18.9%36.5%30.2%19.4%
Skew 25d3.5%1.0%7.4%2.1%1.3%
Skew 10d6.7%-2.1%13.8%13.8%4.2%
Call IV 25d23.9%17.6%29.0%23.2%26.9%
Put IV 25d27.4%20.1%34.2%25.2%28.3%
Bid-Ask Spread %95.1088.15105.8194.7192.52
Gamma HHI0.170.110.230.150.23
Net GEX294.7K30.7K587.8K30.7K587.8K
Net DEX-4.1M-5.9M-1.4M-1.4M-5.9M
Net VEX-15.4K-25.4K-8.8K-11.0K-25.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.930.0011.500.030.11
Total Volume51.762618613321
Total OI1,343.7141,1161,5501,2481,270

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$281.91$270.0029.0%8.5%23.4%14.7%30.2%2.1%-0.6%30.7K-1.4M-11.0K0.0394.711294834414
2023-06-02$298.45$270.0026.6%7.6%29.8%10.7%24.0%4.0%0.7%273.8K-4.5M-9.1K0.11105.8116719895418
2023-06-05$295.00$350.0027.0%7.7%29.6%11.4%26.0%2.7%-0.1%156.0K-3.5M-8.8K0.4592.722913968405
2023-06-06$299.10$290.0026.4%7.7%29.8%10.5%29.4%3.2%-0.5%164.1K-4.0M-9.4K0.0388.151394964417
2023-06-07$308.24$290.0024.6%6.7%31.4%7.4%18.9%2.5%-2.2%195.9K-5.1M-10.2K0.2096.49511,034420
2023-06-08$306.00$290.0025.7%6.4%31.2%9.2%25.2%4.6%-1.5%209.0K-5.1M-9.9K4.9096.8510491,038422
2023-06-09$302.68$290.0025.5%7.1%31.6%9.0%24.7%2.5%0.0%189.8K-4.7M-12.2K0.3696.911141,063487
2023-06-12$306.18$290.0029.4%8.0%31.6%15.5%0.0%3.8%-2.4%274.9K-5.3M-14.7K10.0092.651101,038477
2023-06-13$310.05$290.0027.2%7.9%31.5%11.8%24.9%3.0%-0.1%296.7K-5.6M-16.1K0.1793.18611,038487
2023-06-14$306.56$290.0027.6%7.6%31.3%12.3%26.9%3.4%-0.7%234.5K-5.2M-14.1K0.1392.531621,039488
2023-06-15$309.36$290.0025.0%7.2%30.7%8.1%28.8%7.4%-0.3%150.6K-5.2M-11.9K0.5095.83421,045488
2023-06-16$311.73$290.0026.9%7.8%30.5%11.2%27.0%1.6%0.2%239.2K-5.8M-13.9K0.0693.157241,046490
2023-06-20$312.75$290.0024.7%7.1%29.9%7.6%19.5%3.1%3.0%251.1K-2.3M-14.6K0.3495.493211946170
2023-06-21$313.27$290.0023.6%6.8%28.1%5.8%0.0%6.3%2.6%270.1K-2.4M-14.4K5.3699.181475958180
2023-06-22$313.62$290.0023.3%6.6%26.8%5.2%36.5%1.0%3.0%302.5K-2.3M-18.1K0.0099.69610985250
2023-06-23$312.29$290.0023.5%6.3%26.7%5.6%21.7%4.3%6.0%401.5K-2.2M-18.9K11.50101.442231,046250
2023-06-26$315.49$290.0029.7%8.0%26.7%15.9%32.6%5.1%0.6%418.5K-2.8M-21.4K4.0090.95416893250
2023-06-27$322.63$290.0027.3%7.2%27.2%12.0%24.7%3.3%0.5%538.1K-4.4M-23.2K0.6393.233019896266
2023-06-28$321.60$290.0026.2%7.0%27.2%10.1%22.3%3.5%3.1%476.4K-3.7M-22.1K1.5096.371421914290
2023-06-29$321.85$290.0027.9%7.0%26.0%12.9%23.8%4.4%1.7%527.7K-4.2M-24.0K0.0889.30393915324
2023-06-30$327.70$290.0026.5%6.9%25.9%10.6%19.4%1.3%-0.4%587.8K-5.9M-25.4K0.1192.52192943327