LII Options History — March 2025

In March 2025, LII traded between $552.38 and $609.14. ATM implied volatility averaged 35.9%, placing in the 40.8% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 5.2% (HV 20d: 41.2%). Max pain ranged from $570.00 to $670.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 10.52.

Notable Days

  • 2025-03-04: Highest Volume — 554 contracts
  • 2025-03-10: Largest IV spike — 25.0% change
  • 2025-03-10: Highest IV Rank — 72.2%
  • 2025-03-10: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$579.92$552.38$609.14$581.92$563.29
Max Pain$601.58$570.00$670.00$600.00$570.00
ATM IV35.9%29.9%45.9%36.5%37.9%
Expected Move10.6%9.2%13.2%10.5%10.4%
HV 20d41.2%31.3%45.3%31.5%45.2%
HV 60d34.7%30.9%37.4%30.9%37.4%
IV Rank40.8%21.8%72.2%42.7%46.9%
IV Percentile87.3%57.5%98.8%97.2%95.6%
Term Structure-0.7%-5.1%3.7%-3.6%-1.2%
VWIV37.1%30.0%50.1%37.4%36.5%
Skew 25d3.9%-2.9%8.0%-2.9%8.0%
Skew 10d6.4%-6.2%16.3%-6.2%14.4%
Call IV 25d33.3%27.4%39.8%39.8%35.0%
Put IV 25d37.2%30.9%43.0%37.0%43.0%
Bid-Ask Spread %72.4346.9294.6488.9049.32
Gamma HHI0.320.140.630.140.29
Net GEX391.8K-2.4M3.3M-308.2K-1.7M
Net DEX646.4K-21.6M18.3M3.5M18.3M
Net VEX-101.8K-124.6K-85.9K-97.2K-106.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio10.520.0672.671.200.85
Total Volume112.095455411133
Total OI1,793.0481,2262,2921,3661,827

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$581.92$600.0036.5%10.5%31.5%42.7%37.4%-2.9%-3.6%-308.2K3.5M-97.2K1.2088.9056674692
2025-03-04$576.33$600.0039.4%11.3%31.3%51.7%39.5%2.9%-5.1%-361.0K6.2M-93.3K0.0689.5252331674693
2025-03-05$592.29$600.0040.5%11.6%32.7%55.2%40.2%6.4%-2.0%1.2M-11.8M-122.8K0.1088.352021,173701
2025-03-06$581.02$600.0040.2%11.5%33.4%54.4%41.6%3.0%-2.2%1.1M-5.9M-116.9K0.3388.51311,179703
2025-03-07$608.02$600.0036.7%10.5%37.1%43.3%34.3%5.3%-0.4%1.5M-19.9M-124.6K0.2885.391851,180704
2025-03-10$609.14$600.0045.9%13.2%36.4%72.2%50.1%2.9%-2.9%1.4M-21.6M-122.2K72.6786.3032181,187711
2025-03-11$569.21$600.0039.6%12.6%43.9%52.5%43.9%2.9%-2.8%590.4K2.7M-109.3K2.8390.076171,189790
2025-03-12$572.16$600.0035.1%11.8%42.3%38.2%42.4%3.5%0.5%666.8K3.3M-105.3K0.5090.0622111,195796
2025-03-13$557.30$600.0037.4%11.9%42.9%45.4%40.7%1.3%-1.7%71.3K10.6M-93.8K0.4694.0778361,213792
2025-03-14$573.69$600.0035.5%10.8%43.5%39.5%34.8%5.6%-0.5%631.1K2.5M-102.4K1.7194.647121,289802
2025-03-17$591.30$670.0033.7%9.7%45.1%33.8%34.2%6.6%0.5%2.0M-7.4M-100.7K57.5060.1263451,286810
2025-03-18$581.38$670.0035.4%9.6%44.6%39.0%31.5%4.6%-2.6%1.4M-8.1K-100.0K4.5058.6012541,285921
2025-03-19$592.39$670.0034.5%9.5%44.2%36.4%0.0%5.2%-1.4%3.3M-6.1M-100.6K1.1165.7618201,286973
2025-03-20$580.20$0.0034.5%10.2%44.5%36.5%0.0%3.1%0.7%1.3M2.8M-98.6K0.1356.413241,304988
2025-03-21$567.17$0.0034.1%9.9%43.2%35.2%34.3%6.0%0.4%-2.4M7.5M-90.3K0.9468.9916151,321944
2025-03-24$585.53$570.0030.6%9.2%45.1%23.9%33.1%6.0%1.4%-315.6K3.4M-90.9K1.2951.271418572654
2025-03-25$586.66$570.0030.3%9.3%44.8%23.2%30.0%2.1%2.6%-312.1K3.1M-90.7K1.2360.281316581663
2025-03-26$579.50$570.0031.2%9.6%44.6%26.0%31.7%4.5%1.9%-357.5K4.1M-92.4K15.0046.92575594670
2025-03-27$577.35$570.0029.9%9.7%42.8%21.8%34.0%3.1%3.7%-519.2K6.5M-92.8K1.5051.5869599719
2025-03-28$552.38$570.0035.3%10.1%45.3%38.8%34.6%1.6%0.2%-602.9K11.8M-85.9K56.6755.959510599721
2025-03-31$563.29$570.0037.9%10.4%45.2%46.9%36.5%8.0%-1.2%-1.7M18.3M-106.8K0.8549.3272616031,224