LII Options History — April 2025

In April 2025, LII traded between $503.01 and $575.92. ATM implied volatility averaged 45.7%, placing in the 47.2% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded below realized volatility by 11.1% (HV 20d: 56.8%). Max pain ranged from $550.00 to $560.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 4.70.

Notable Days

  • 2025-04-04: Highest Volume — 740 contracts
  • 2025-04-04: Largest IV spike — 43.1% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$542.46$503.01$575.92$563.36$542.97
Max Pain$551.90$550.00$560.00$560.00$550.00
ATM IV45.7%33.2%77.0%38.4%33.4%
Expected Move12.6%9.5%17.1%10.2%9.6%
HV 20d56.8%40.7%69.9%45.1%68.6%
HV 60d45.4%37.4%52.5%37.4%49.8%
IV Rank47.2%18.9%100.0%48.6%19.4%
IV Percentile92.0%72.6%100.0%96.0%74.2%
Term Structure-4.0%-8.9%0.1%-2.7%-0.7%
VWIV44.1%31.9%57.4%35.5%33.9%
Skew 25d7.7%3.0%13.6%7.2%8.3%
Skew 10d14.0%-0.1%27.2%15.0%10.3%
Call IV 25d40.0%27.8%55.3%35.4%27.8%
Put IV 25d47.7%36.1%63.7%42.6%36.1%
Bid-Ask Spread %61.3236.5990.0947.6090.09
Gamma HHI0.250.120.550.310.14
Net GEX-738.5K-2.2M547.7K-1.7M511.5K
Net DEX8.8M-6.1M29.0M18.1M-1.5M
Net VEX-113.1K-139.8K-82.5K-113.6K-101.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.700.0659.712.000.24
Total Volume136.714874023047
Total OI1,943.6671,4592,2991,9211,714

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$563.36$560.0038.4%10.2%45.1%48.6%0.0%7.2%-2.7%-1.7M18.1M-113.6K0.0047.6002306521,269
2025-04-02$575.92$560.0033.5%10.0%44.7%33.0%35.5%5.0%-1.7%-1.4M12.2M-111.6K2.0049.21366521,238
2025-04-03$548.48$560.0043.3%12.1%47.4%64.0%41.5%4.8%-4.1%-1.7M22.2M-110.6K1.0437.531141196521,237
2025-04-04$540.47$560.0062.0%15.5%44.0%100.0%53.2%10.1%-5.8%-1.2M23.2M-118.8K0.5136.594902507391,237
2025-04-07$520.43$550.0067.7%16.4%45.3%100.0%54.1%13.6%-8.3%-937.4K23.8M-128.2K0.9141.2646429861,268
2025-04-08$503.01$550.0077.0%17.1%40.7%100.0%55.6%8.4%-8.9%-810.8K29.0M-117.1K4.6344.958371,0061,281
2025-04-09$560.75$550.0045.3%13.0%57.6%41.5%49.7%10.4%-4.4%-1.2M5.7M-139.8K59.7144.1074181,0101,289
2025-04-10$543.92$550.0051.4%14.7%57.9%52.6%50.6%10.6%-6.0%-1.0M12.6M-133.0K1.3849.848111,0131,206
2025-04-11$554.36$550.0052.2%15.0%57.3%54.2%57.4%11.5%-7.6%-1.1M7.8M-136.1K3.4745.4315521,0161,200
2025-04-14$561.54$550.0048.7%14.0%56.3%47.6%44.1%11.0%-8.5%-1.5M2.9M-126.9K0.0656.951611,0281,231
2025-04-15$556.44$550.0043.3%12.4%56.1%37.6%46.0%6.0%-5.6%-1.7M778.1K-120.1K7.5063.82161201,0411,183
2025-04-16$544.65$550.0048.6%13.9%55.9%47.4%45.9%6.5%-5.8%-2.2M10.8M-114.7K3.4067.3715511,0471,165
2025-04-17$557.82$550.0045.1%12.9%56.4%41.0%45.3%9.6%-3.5%-1.9M-3.4M-116.2K1.5060.87461,0551,122
2025-04-21$538.89$550.0049.7%14.2%57.2%49.5%48.7%6.8%-5.1%420.5K-375.5K-106.3K0.1461.7871916543
2025-04-22$562.62$550.0043.3%12.4%58.2%37.6%44.9%5.7%-2.4%547.7K-6.1M-111.9K0.2363.2242999917544
2025-04-23$506.43$550.0038.2%10.9%68.7%28.2%37.5%3.0%-1.0%96.8K11.8M-82.5K3.8181.182699970641
2025-04-24$520.97$550.0036.6%10.5%69.8%25.3%36.6%7.5%-1.5%168.7K7.6M-89.8K1.3584.711723983637
2025-04-25$524.13$550.0034.8%10.0%69.9%21.9%36.4%4.6%-0.3%338.6K3.8M-99.8K1.1787.10671,061648
2025-04-28$531.21$550.0035.0%10.0%68.6%22.3%31.9%5.0%0.1%370.4K2.7M-97.6K0.2288.93921,059648
2025-04-29$533.25$550.0033.2%9.5%68.2%18.9%33.7%4.9%-0.1%445.1K900.3K-100.2K0.7585.29861,065648
2025-04-30$542.97$550.0033.4%9.6%68.6%19.4%33.9%8.3%-0.7%511.5K-1.5M-101.4K0.2490.093891,063651