LII Options History — July 2025

In July 2025, LII traded between $590.69 and $668.34. ATM implied volatility averaged 29.3%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 0.7% (HV 20d: 28.6%). Max pain ranged from $560.00 to $630.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 6.73.

Notable Days

  • 2025-07-24: Highest Volume — 1,167 contracts
  • 2025-07-23: Largest IV drop — 20.3% change
  • 2025-07-21: Highest IV Rank — 20.7%
  • 2025-07-21: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$617.74$590.69$668.34$597.99$610.75
Max Pain$587.73$560.00$630.00$560.00$630.00
ATM IV29.3%24.1%34.9%26.4%25.8%
Expected Move8.6%6.9%10.0%7.6%7.4%
HV 20d28.6%23.5%38.0%23.7%37.9%
HV 60d34.0%25.7%43.5%43.5%30.2%
IV Rank10.0%0.2%20.7%4.7%3.5%
IV Percentile35.6%0.8%77.8%8.7%6.7%
Term Structure-0.6%-4.7%8.2%8.2%0.5%
VWIV29.4%21.1%38.0%28.9%24.6%
Skew 25d4.1%-0.8%7.5%5.8%3.7%
Skew 10d8.5%-7.8%24.6%17.6%3.5%
Call IV 25d27.7%20.3%33.6%24.4%24.1%
Put IV 25d31.8%23.7%37.9%30.2%27.8%
Bid-Ask Spread %86.2578.2196.8279.0293.88
Gamma HHI0.310.120.570.120.26
Net GEX763.6K-660.3K1.6M450.5K-660.3K
Net DEX-17.7M-41.1M6.4M-10.8M6.4M
Net VEX-79.3K-106.0K-56.0K-61.1K-87.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.730.0062.502.211.28
Total Volume155.63621,1674582
Total OI1,435.7278312,3418312,322

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$597.99$560.0026.4%7.6%23.7%4.7%28.9%5.8%8.2%450.5K-10.8M-61.1K2.2179.021431551280
2025-07-02$600.87$560.0028.2%8.1%23.5%8.1%26.5%5.2%5.5%456.8K-11.1M-60.6K2.0086.8412554288
2025-07-03$605.50$560.0024.5%9.5%23.5%1.1%34.6%4.5%-3.1%480.1K-12.1M-59.6K0.0084.70170553288
2025-07-07$590.69$560.0029.4%9.6%24.3%10.3%0.0%3.6%-1.9%449.0K-9.1M-56.0K0.0083.5620544288
2025-07-08$595.91$560.0026.3%9.3%24.3%4.4%31.9%6.6%-1.5%470.8K-9.8M-56.5K6.0085.09424546288
2025-07-09$600.75$560.0031.2%8.9%24.2%13.7%30.3%4.1%0.1%494.3K-10.8M-56.6K0.0386.7332811551301
2025-07-10$620.07$560.0031.3%9.0%25.9%13.9%31.9%4.1%-0.7%1.2M-24.5M-79.6K0.2184.3710422839305
2025-07-11$617.93$560.0032.3%9.3%25.8%15.7%0.0%6.5%-1.0%1.4M-26.6M-86.1K1.0086.0455940311
2025-07-14$614.01$560.0032.9%9.4%25.9%16.9%34.1%6.1%-1.7%1.5M-26.1M-83.9K1.3382.0034945313
2025-07-15$605.38$560.0033.6%9.6%24.7%18.2%32.0%1.2%-1.6%1.4M-22.8M-81.3K4.0084.52312948314
2025-07-16$598.58$560.0033.2%9.5%25.4%17.4%34.8%3.7%-2.2%1.4M-18.8M-77.5K1.1378.211517951318
2025-07-17$611.66$560.0033.0%9.5%25.8%17.1%32.6%7.5%-2.6%1.3M-24.0M-79.5K54.0084.894216954329
2025-07-18$610.19$610.0034.6%9.9%25.7%20.1%36.7%6.9%-3.9%633.7K-19.5M-89.8K62.5086.262125956479
2025-07-21$602.22$610.0034.9%10.0%26.5%20.7%38.0%6.1%-4.7%713.9K-10.7M-91.2K1.5084.0423860514
2025-07-22$619.14$610.0034.4%9.9%27.0%19.8%34.8%4.5%-3.9%838.9K-17.1M-91.8K3.1478.4963198860517
2025-07-23$661.50$610.0027.5%7.9%34.7%6.6%22.1%5.6%-1.0%1.2M-40.0M-69.0K1.8291.66238434929525
2025-07-24$668.34$620.0024.8%7.1%34.3%1.6%21.1%1.8%0.5%914.3K-41.1M-78.8K0.3590.218663011,092769
2025-07-25$661.41$630.0024.7%7.1%34.8%1.4%22.8%0.8%1.3%1.6M-29.8M-106.0K0.6790.6361411,358933
2025-07-28$650.88$630.0024.1%6.9%35.8%0.2%23.3%1.8%-0.5%997.6K-24.2M-100.9K1.5086.9112181,368948
2025-07-29$636.98$630.0024.7%7.1%37.2%1.4%23.3%0.3%-0.3%178.2K-13.8M-99.2K0.4092.7653211,369947
2025-07-30$609.54$630.0025.8%7.4%38.0%3.5%23.2%-0.8%0.7%-602.3K6.1M-92.1K3.0096.8215451,381960
2025-07-31$610.75$630.0025.8%7.4%37.9%3.5%24.6%3.7%0.5%-660.3K6.4M-87.4K1.2893.8836461,380942