LII Options History — September 2025

In September 2025, LII traded between $515.87 and $578.87. ATM implied volatility averaged 32.8%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 2.3% (HV 20d: 35.1%). Max pain ranged from $570.00 to $600.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 7.75.

Notable Days

  • 2025-09-18: Highest Volume — 815 contracts
  • 2025-09-24: Largest IV drop — 9.6% change
  • 2025-09-18: Highest IV Rank — 20.8%
  • 2025-09-18: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$544.76$515.87$578.87$542.25$528.88
Max Pain$576.19$570.00$600.00$600.00$570.00
ATM IV32.8%29.3%35.0%32.9%34.0%
Expected Move9.4%8.3%10.0%9.4%9.7%
HV 20d35.1%29.2%39.7%34.1%29.2%
HV 60d33.9%32.2%34.9%32.2%33.3%
IV Rank16.7%10.0%20.8%16.8%18.9%
IV Percentile65.9%41.7%80.6%66.7%73.0%
Term Structure1.1%-0.8%3.8%-0.0%3.1%
VWIV32.1%27.7%35.1%31.0%34.2%
Skew 25d3.3%-0.5%7.4%0.4%2.5%
Skew 10d7.3%-3.7%16.2%2.6%4.3%
Call IV 25d30.0%25.6%34.7%31.8%31.3%
Put IV 25d33.3%30.0%36.5%32.2%33.8%
Bid-Ask Spread %82.3275.0495.9492.8188.63
Gamma HHI0.170.140.200.190.15
Net GEX-1.2M-1.5M-885.0K-1.0M-1.0M
Net DEX50.2M39.9M57.4M54.1M50.0M
Net VEX-108.9K-154.4K-78.3K-107.0K-84.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.750.0857.210.500.67
Total Volume143.81158156920
Total OI2,210.6671,7102,5322,3341,867

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$542.25$600.0032.9%9.4%34.1%16.8%31.0%0.4%-0.0%-1.0M54.1M-107.0K0.5092.8146238521,482
2025-09-03$542.89$590.0031.4%9.0%34.1%14.0%27.7%6.3%-0.8%-1.1M55.9M-100.5K1.9195.9411218471,486
2025-09-04$561.37$580.0031.4%8.7%36.5%14.0%30.9%6.2%-0.5%-1.3M47.5M-128.6K1.5078.60698531,490
2025-09-05$578.87$580.0029.3%8.3%38.4%10.0%30.2%6.0%1.1%-1.2M39.9M-154.4K2.6376.188218521,498
2025-09-08$577.81$580.0030.5%8.9%37.7%12.3%29.4%1.9%0.6%-1.2M40.3M-146.7K0.7878.31978551,505
2025-09-09$557.62$580.0033.0%9.1%39.7%17.0%30.7%3.4%0.1%-1.4M50.4M-119.4K3.5776.967258571,510
2025-09-10$558.19$580.0033.5%9.6%39.2%18.0%34.0%7.4%0.5%-1.4M52.2M-117.1K29.0676.54185238641,524
2025-09-11$566.64$580.0032.7%9.4%37.3%16.5%33.3%5.5%0.6%-1.2M44.3M-134.6K4.2477.2317728761,527
2025-09-12$545.00$580.0033.3%9.5%39.0%17.5%33.0%1.7%0.8%-1.4M53.7M-113.5K5.9375.74301788781,587
2025-09-15$553.16$580.0033.8%9.7%39.6%18.5%33.1%4.3%0.8%-1.4M51.8M-115.0K9.4179.89393678871,577
2025-09-16$551.31$570.0034.7%10.0%39.3%20.3%34.5%3.5%-0.5%-1.5M53.2M-115.5K0.8075.041088941,614
2025-09-17$543.70$570.0034.8%10.0%38.5%20.4%35.1%5.2%1.4%-1.4M55.5M-108.3K17.0079.80244088971,618
2025-09-18$541.66$570.0035.0%10.0%37.4%20.8%31.5%3.0%0.7%-1.4M57.4M-101.6K57.2180.13148019081,624
2025-09-19$542.12$570.0031.7%9.1%35.2%14.5%28.9%1.9%2.3%-1.4M53.7M-102.6K1.0681.6617189211,561
2025-09-22$534.79$570.0032.1%9.2%31.9%15.3%32.3%1.5%2.7%-947.8K46.1M-98.9K0.0879.252423951,315
2025-09-23$529.42$570.0034.1%9.8%30.0%19.1%34.9%-0.5%1.2%-885.0K47.3M-96.9K0.1083.782024041,317
2025-09-24$524.61$570.0030.8%8.8%30.0%12.9%31.6%5.7%3.8%-888.1K47.8M-91.3K6.0084.10181084171,317
2025-09-25$515.87$570.0033.3%9.6%30.1%17.7%33.6%1.5%3.0%-937.7K52.4M-78.3K1.1286.5917194301,410
2025-09-26$521.58$570.0033.0%9.4%30.1%16.9%32.7%-0.5%1.3%-996.0K50.2M-87.7K15.0091.271154371,410
2025-09-29$522.16$570.0033.7%9.7%30.1%18.4%32.1%3.2%2.1%-999.5K50.9M-83.4K4.2990.217304381,423
2025-09-30$528.88$570.0034.0%9.7%29.2%18.9%34.2%2.5%3.1%-1.0M50.0M-84.7K0.6788.631284451,422