LII Options History — May 2024

In May 2024, LII traded between $454.41 and $501.50. ATM implied volatility averaged 25.3%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 1.1% (HV 20d: 24.2%). Max pain ranged from $430.00 to $477.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.97.

Notable Days

  • 2024-05-08: Highest Volume — 784 contracts
  • 2024-05-13: Largest IV spike — 16.0% change
  • 2024-05-13: Highest IV Rank — 26.0%
  • 2024-05-01: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$486.11$454.41$501.50$458.76$497.97
Max Pain$441.48$430.00$477.50$477.50$440.00
ATM IV25.3%22.9%27.3%26.5%25.8%
Expected Move7.3%6.6%8.5%8.5%7.3%
HV 20d24.2%21.3%28.3%28.3%22.2%
HV 60d24.0%22.6%26.0%25.9%24.1%
IV Rank16.9%6.6%26.0%22.3%19.0%
IV Percentile19.0%2.4%40.1%27.4%24.6%
Term Structure-0.6%-2.4%2.6%-0.7%-0.7%
VWIV25.8%23.2%33.5%26.6%26.2%
Skew 25d2.3%0.2%6.2%4.6%6.2%
Skew 10d4.0%-2.1%12.2%4.8%12.2%
Call IV 25d24.3%21.1%26.7%24.7%22.6%
Put IV 25d26.5%24.8%29.3%29.3%28.8%
Bid-Ask Spread %91.8484.6496.9292.7189.15
Gamma HHI0.280.170.390.170.31
Net GEX2.8M654.3K4.3M992.8K3.1M
Net DEX-33.5M-48.9M-12.2M-14.7M-37.7M
Net VEX-103.9K-115.3K-96.2K-109.1K-96.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.970.0025.000.000.13
Total Volume106.72717844434
Total OI2,697.1822,2833,0633,0222,463

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$458.76$477.5026.5%8.5%28.3%22.3%26.6%4.6%-0.7%992.8K-14.7M-109.1K0.0092.714402,038984
2024-05-02$454.41$477.5026.2%8.3%26.4%21.0%26.3%1.8%0.0%654.3K-12.2M-109.1K0.5091.34212,076984
2024-05-03$460.07$477.5025.8%7.7%24.6%19.1%0.0%1.8%1.2%1.7M-18.0M-103.2K4.5096.00292,078985
2024-05-06$470.63$430.0026.7%7.3%25.5%23.3%25.7%2.2%-0.2%2.5M-23.8M-99.2K1.3393.40682,065765
2024-05-07$473.79$430.0024.3%7.4%25.4%12.4%0.0%0.8%2.6%3.0M-27.6M-99.1K0.3393.73932,065766
2024-05-08$479.14$430.0024.9%7.1%23.9%15.2%25.1%1.3%-0.3%3.5M-32.4M-99.3K0.0294.28770142,063764
2024-05-09$487.70$430.0025.0%6.9%24.4%15.6%0.0%2.6%-2.1%3.7M-38.0M-115.3K0.2593.03822,123772
2024-05-10$493.40$430.0023.6%6.9%24.4%9.4%24.2%4.9%-0.8%4.3M-43.7M-109.8K0.0095.9840402,125773
2024-05-13$486.78$430.0027.3%7.3%23.8%26.0%0.0%2.3%-2.4%3.0M-38.0M-106.9K0.0094.310472,036764
2024-05-14$494.58$430.0027.2%7.5%24.2%25.5%0.0%0.6%-1.6%3.4M-41.7M-109.8K0.0095.32102,036811
2024-05-15$501.50$430.0026.3%7.3%24.3%21.5%25.3%1.4%-0.5%4.2M-48.9M-104.1K0.0096.2771722,036811
2024-05-16$491.46$440.0024.5%6.8%25.8%13.3%26.2%1.6%-0.1%3.4M-37.7M-108.8K0.3394.481242,102812
2024-05-17$487.78$440.0023.8%6.7%25.8%10.6%23.2%5.0%-0.5%2.7M-32.9M-104.0K0.0496.925022,102812
2024-05-20$493.35$440.0023.8%6.9%25.8%10.3%24.0%1.8%-0.6%2.3M-35.0M-102.7K0.6986.6542291,532751
2024-05-21$492.98$440.0023.9%6.8%23.7%10.9%33.5%1.9%-0.8%2.4M-34.3M-108.8K25.0084.641251,572778
2024-05-22$496.36$440.0024.0%6.9%22.4%11.2%24.6%0.4%-0.9%2.5M-38.3M-103.6K0.0090.732401,571803
2024-05-23$491.65$440.0025.4%7.3%21.3%17.2%25.2%2.3%-0.2%2.5M-34.2M-101.0K5.0091.992101,593803
2024-05-24$500.55$440.0022.9%6.6%22.1%6.6%0.0%1.9%-0.3%2.9M-40.8M-100.4K0.6987.281391,594809
2024-05-28$500.63$440.0025.5%7.3%22.0%17.9%25.4%1.8%-1.1%2.8M-40.8M-98.4K2.2786.3611251,590811
2024-05-29$486.38$440.0027.0%7.5%23.5%24.5%26.2%2.7%-1.1%2.5M-30.1M-99.1K0.2585.53411,612846
2024-05-30$494.50$440.0025.7%7.5%22.7%18.8%0.0%0.2%-1.6%2.8M-36.3M-97.1K0.0090.44101,616846
2024-05-31$497.97$440.0025.8%7.3%22.2%19.0%0.0%6.2%-0.7%3.1M-37.7M-96.2K0.1389.153041,617846