LII Options History — April 2024

In April 2024, LII traded between $455.58 and $486.26. ATM implied volatility averaged 31.4%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 6.7% (HV 20d: 24.7%). Max pain ranged from $440.00 to $477.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 2.54.

Notable Days

  • 2024-04-25: Highest Volume — 768 contracts
  • 2024-04-24: Largest IV drop — 19.6% change
  • 2024-04-19: Highest IV Rank — 61.2%
  • 2024-04-19: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$470.93$455.58$486.26$484.48$467.37
Max Pain$448.52$440.00$477.50$450.00$477.50
ATM IV31.4%26.5%35.4%30.5%27.3%
Expected Move8.7%6.0%10.4%6.0%8.4%
HV 20d24.7%20.9%27.8%21.6%27.8%
HV 60d27.3%25.7%28.5%26.8%25.7%
IV Rank43.9%22.5%61.2%39.9%25.7%
IV Percentile72.9%27.8%93.3%74.2%36.9%
Term Structure-0.7%-4.0%1.3%-0.9%1.3%
VWIV32.2%27.8%37.2%32.3%27.9%
Skew 25d2.1%-0.9%5.1%-0.9%1.9%
Skew 10d2.9%-5.5%8.6%0.7%1.9%
Call IV 25d31.2%24.3%36.6%33.1%25.1%
Put IV 25d33.3%27.0%36.7%32.2%27.0%
Bid-Ask Spread %88.2681.36100.6399.3589.13
Gamma HHI0.180.140.210.190.17
Net GEX2.8M901.1K4.1M3.8M1.9M
Net DEX-31.2M-51.8M-15.2M-51.7M-23.5M
Net VEX-138.4K-164.7K-113.1K-160.3K-117.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.540.0034.507.670.67
Total Volume101.72717682610
Total OI3,0612,6843,5682,8553,012

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$484.48$450.0030.5%6.0%21.6%39.9%0.0%-0.9%-0.9%3.8M-51.7M-160.3K7.6799.353232,140715
2024-04-02$478.39$450.0030.7%6.5%21.7%40.8%0.0%3.3%-0.1%3.8M-43.0M-161.4K0.20100.631532,140739
2024-04-03$481.15$450.0030.5%7.1%20.9%39.9%0.0%1.1%-0.0%3.3M-46.2M-164.7K0.0095.43102,153742
2024-04-04$466.39$440.0031.7%8.6%23.6%45.3%0.0%-0.6%-0.2%3.2M-33.0M-155.9K2.0087.93122,154742
2024-04-05$479.77$440.0031.9%8.8%25.1%45.8%0.0%5.1%-0.0%3.4M-44.4M-161.7K0.8384.5812102,155738
2024-04-08$486.26$440.0031.3%8.8%24.4%43.5%0.0%2.3%-1.0%3.8M-51.8M-154.6K0.4084.301042,147711
2024-04-09$480.40$440.0032.1%8.9%23.7%46.7%0.0%3.7%-0.6%4.1M-46.7M-150.7K0.1486.521422,157717
2024-04-10$468.30$440.0032.8%9.1%25.1%50.0%32.3%2.9%-0.8%4.0M-33.8M-143.9K0.0088.0218502,169719
2024-04-11$465.10$440.0031.5%8.9%25.2%44.1%0.0%2.3%0.1%3.6M-31.7M-141.9K34.5086.3262072,348719
2024-04-12$470.42$440.0033.4%9.4%25.3%52.7%0.0%3.5%0.2%3.6M-31.3M-148.4K3.6786.066222,354925
2024-04-15$461.25$440.0034.0%9.6%25.9%55.2%0.0%1.9%-1.0%3.2M-25.5M-137.3K0.6888.8934232,334921
2024-04-16$461.48$440.0035.0%10.0%25.8%59.4%0.0%3.0%-2.0%2.9M-20.6M-132.8K0.0788.311412,361933
2024-04-17$459.78$440.0033.7%9.7%25.2%53.8%0.0%2.2%0.1%2.9M-19.7M-131.3K0.4388.861462,367932
2024-04-18$459.20$440.0033.2%9.5%24.6%51.8%36.4%-0.2%1.2%2.7M-18.8M-128.2K0.1790.101832,368933
2024-04-19$455.58$440.0035.4%10.4%21.9%61.2%37.2%0.5%-2.4%1.3M-15.2M-124.0K0.8288.201192,385936
2024-04-22$461.06$460.0034.0%10.1%22.2%55.0%0.0%-0.8%-1.5%901.1K-16.9M-119.3K1.2581.3612151,785899
2024-04-23$475.27$460.0033.8%9.6%25.2%54.3%35.2%4.9%-4.0%1.4M-24.4M-119.9K0.3882.273591381,795897
2024-04-24$466.12$460.0027.2%7.8%25.9%25.3%27.8%1.6%-2.3%998.7K-17.0M-113.1K0.1286.17201242,1531,024
2024-04-25$477.63$460.0028.3%8.1%27.6%30.1%28.8%3.4%-0.7%1.6M-24.3M-122.9K0.0882.84710582,3101,031
2024-04-26$478.80$460.0026.8%8.6%27.5%23.7%0.0%2.3%-1.2%2.6M-36.3M-132.5K1.3386.3015202,583985
2024-04-29$476.26$460.0026.5%8.2%27.4%22.5%27.9%2.9%1.1%2.5M-31.5M-123.7K0.4290.171252,040974
2024-04-30$467.37$477.5027.3%8.4%27.8%25.7%0.0%1.9%1.3%1.9M-23.5M-117.0K0.6789.13642,033979