LII Options History — August 2023

In August 2023, LII traded between $349.04 and $377.13. ATM implied volatility averaged 25.6%, placing in the 10.5% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 1.4% (HV 20d: 27.0%). Max pain ranged from $290.00 to $360.00. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 16.98.

Notable Days

  • 2023-08-11: Highest Volume — 482 contracts
  • 2023-08-23: Largest IV drop — 14.1% change
  • 2023-08-22: Highest IV Rank — 20.6%
  • 2023-08-18: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$367.09$349.04$377.13$374.54$377.00
Max Pain$338.26$290.00$360.00$330.00$360.00
ATM IV25.6%22.9%29.2%22.9%24.8%
Expected Move7.3%6.2%8.7%6.6%6.2%
HV 20d27.0%24.9%33.2%27.1%26.0%
HV 60d25.3%24.0%26.8%25.3%24.0%
IV Rank10.5%4.6%20.6%4.6%10.7%
IV Percentile10.2%0.4%33.7%0.4%6.7%
Term Structure-1.4%-5.6%1.7%1.7%-0.8%
VWIV25.0%19.8%27.8%26.8%22.1%
Skew 25d3.5%-3.4%9.0%2.2%3.9%
Skew 10d5.0%-4.1%12.2%9.5%6.1%
Call IV 25d24.1%20.1%31.2%22.4%23.9%
Put IV 25d27.6%21.5%34.1%24.6%27.8%
Bid-Ask Spread %91.0386.3699.9598.2691.06
Gamma HHI0.170.100.260.120.16
Net GEX-247.4K-820.3K197.3K137.8K-276.5K
Net DEX-1.4M-6.5M6.4M-6.2M-902.5K
Net VEX-31.1K-43.7K-19.8K-20.1K-31.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio16.980.00309.000.647.33
Total Volume54.73924821812
Total OI1,146.0437561,3987561,396

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$374.54$330.0022.9%6.6%27.1%4.6%26.8%2.2%1.7%137.8K-6.2M-20.1K0.6498.26117269487
2023-08-02$371.83$330.0023.6%8.3%26.8%5.8%19.8%3.4%-1.6%147.9K-6.1M-19.9K1.8399.95611278493
2023-08-03$373.38$290.0024.1%7.0%25.4%6.7%0.0%2.1%-5.1%171.6K-6.3M-20.6K1.5091.0423281494
2023-08-04$371.54$290.0025.6%6.8%25.8%9.1%23.4%5.2%-1.3%197.3K-6.1M-20.6K1.2594.471215282497
2023-08-07$377.03$300.0024.9%7.0%25.8%7.9%25.0%4.9%0.1%130.8K-6.5M-19.8K5.0087.281365276496
2023-08-08$377.13$300.0026.3%6.5%26.0%10.2%23.5%4.9%-5.6%70.4K-6.0M-22.6K4.2088.22521286560
2023-08-09$372.60$300.0025.7%7.9%26.0%9.3%0.0%9.0%1.6%46.1K-5.3M-24.2K5.5094.35211285574
2023-08-10$371.57$300.0026.1%7.4%26.2%9.9%0.0%3.7%-0.6%45.3K-5.3M-23.2K0.3388.9331287584
2023-08-11$371.44$300.0025.5%7.7%26.2%9.0%25.2%-3.4%1.6%36.6K-5.8M-22.3K2.0790.28157325290583
2023-08-14$372.61$360.0024.3%7.1%25.7%7.0%0.0%4.1%-1.6%-200.1K-3.7M-32.6K0.6088.2753422892
2023-08-15$369.68$360.0023.9%6.9%25.7%6.3%0.0%2.7%-2.2%-245.8K-2.9M-34.9K0.0090.0030424894
2023-08-16$367.83$360.0024.9%7.1%24.9%8.0%24.0%3.4%-5.6%-286.7K-2.6M-33.6K6.6790.92320424894
2023-08-17$353.04$360.0027.5%8.0%29.6%12.2%26.8%2.9%-2.3%-484.4K3.1M-37.2K6.3891.2916102424914
2023-08-18$349.37$360.0029.2%8.7%29.9%15.0%27.8%2.9%-2.1%-11.0K5.8M-40.8K309.0095.401309420978
2023-08-21$349.33$360.0027.1%7.9%29.9%16.0%27.5%5.0%1.3%-807.1K6.3M-43.7K1.3387.0168348995
2023-08-22$349.04$360.0029.2%8.4%29.9%20.6%0.0%3.0%-4.3%-820.3K6.4M-43.6K1.0086.401515350999
2023-08-23$364.28$360.0025.1%7.1%33.2%11.3%0.0%1.2%0.6%-607.5K2.0M-41.1K0.0086.36023661,014
2023-08-24$358.56$360.0026.3%7.3%26.8%14.0%26.7%3.8%-0.5%-747.1K3.7M-41.7K0.0590.341913661,015
2023-08-25$361.86$360.0023.8%6.4%26.2%8.4%24.0%4.1%1.3%-692.1K2.7M-40.3K0.0090.21703681,016
2023-08-28$363.07$360.0026.0%8.1%25.8%13.5%27.6%4.6%-1.2%-709.8K2.3M-37.7K1.5091.46233661,014
2023-08-29$371.51$360.0026.5%7.5%25.9%14.6%0.0%3.2%-3.0%-443.7K-853.6K-32.6K0.5093.72843681,017
2023-08-30$374.94$360.0025.6%6.5%26.0%12.5%22.1%4.2%-1.8%-342.8K-704.7K-31.3K7.3388.513223521,021
2023-08-31$377.00$360.0024.8%6.2%26.0%10.7%0.0%3.9%-0.8%-276.5K-902.5K-31.9K0.0091.060123531,043