LII Options History — October 2025

In October 2025, LII traded between $491.10 and $556.55. ATM implied volatility averaged 36.2%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 1.9% (HV 20d: 34.3%). Max pain ranged from $540.00 to $570.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 17.49.

Notable Days

  • 2025-10-23: Highest Volume — 4,749 contracts
  • 2025-10-22: Largest IV drop — 19.9% change
  • 2025-10-14: Highest IV Rank — 48.8%
  • 2025-10-13: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$523.88$491.10$556.55$536.56$502.89
Max Pain$551.74$540.00$570.00$570.00$540.00
ATM IV36.2%29.9%49.9%33.3%31.7%
Expected Move10.4%8.6%12.1%9.5%9.1%
HV 20d34.3%25.0%48.7%29.7%48.2%
HV 60d34.7%30.6%38.2%33.4%37.9%
IV Rank23.0%11.1%48.8%17.5%14.5%
IV Percentile74.2%38.5%98.0%67.5%53.6%
Term Structure-0.7%-3.4%4.8%2.1%1.2%
VWIV36.6%29.6%44.4%30.4%33.0%
Skew 25d2.5%-3.4%9.7%3.4%2.5%
Skew 10d8.3%-7.4%23.2%14.4%1.6%
Call IV 25d35.1%28.0%41.3%30.5%31.1%
Put IV 25d37.7%29.0%44.0%33.9%33.6%
Bid-Ask Spread %85.5876.4393.8193.8190.93
Gamma HHI0.160.130.220.150.20
Net GEX-1.9M-2.5M-1.1M-1.1M-2.2M
Net DEX46.1M24.7M79.4M47.6M24.7M
Net VEX-127.3K-151.5K-88.9K-93.7K-135.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio17.490.02197.500.500.42
Total Volume404.8764,749617
Total OI2,844.3041,8694,2161,8693,501

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-10-01$536.56$570.0033.3%9.5%29.7%17.5%30.4%3.4%2.1%-1.1M47.6M-93.7K0.5093.81424521,417
2025-10-02$547.68$570.0032.0%9.2%28.0%15.2%34.0%5.5%4.8%-1.1M44.4M-104.2K0.2791.531134541,418
2025-10-03$550.62$570.0033.9%9.7%25.6%18.7%30.1%9.7%2.6%-1.1M42.4M-107.7K0.2291.48924511,418
2025-10-06$556.55$560.0036.0%10.7%26.0%22.6%38.0%6.1%-1.9%-1.2M41.2M-108.4K1.1881.9433394571,419
2025-10-07$540.55$560.0035.1%11.0%25.0%21.0%38.9%1.8%-1.6%-1.2M45.8M-98.2K197.5081.1223954801,452
2025-10-08$556.11$560.0036.2%11.3%27.1%23.0%40.1%7.2%-2.2%-1.7M47.8M-135.0K3.0482.5126794811,816
2025-10-09$537.10$560.0036.5%11.3%29.1%23.5%40.7%1.5%-1.6%-1.8M52.4M-125.4K0.2981.591444901,838
2025-10-10$526.19$560.0037.4%12.0%26.7%25.4%41.7%1.7%-2.9%-1.8M56.0M-123.1K29.7980.21144174921,838
2025-10-13$524.84$560.0044.5%12.1%26.0%38.8%43.8%3.0%-3.0%-1.4M50.9M-88.9K0.3877.621664981,533
2025-10-14$527.61$560.0049.9%12.0%26.1%48.8%44.4%4.9%-2.0%-1.4M50.1M-91.4K42.2681.13271,1415001,534
2025-10-15$530.39$550.0041.2%11.8%25.9%32.5%42.6%1.1%-3.1%-2.3M56.1M-133.6K0.2081.451025252,611
2025-10-16$525.25$550.0042.0%12.0%26.0%34.0%42.5%2.7%-2.7%-2.3M59.6M-124.1K21.3682.28142995342,594
2025-10-17$523.98$550.0040.0%11.5%26.0%30.2%40.8%2.0%-2.7%-2.3M62.7M-150.0K2.3180.0816375312,833
2025-10-20$536.46$550.0040.3%11.6%27.1%30.9%41.2%4.0%-3.4%-1.8M57.3M-135.4K1.3081.14961254642,618
2025-10-21$552.17$540.0039.9%11.4%28.6%30.0%40.5%2.1%-2.5%-1.8M48.4M-150.9K1.1176.433854295342,739
2025-10-22$495.59$540.0031.9%9.2%48.5%15.0%31.8%-0.6%0.6%-2.4M79.4M-148.9K0.4687.192241041,0733,143
2025-10-23$495.06$540.0030.9%8.9%48.2%13.1%30.6%-0.6%1.3%-2.3M51.6M-151.5K97.9490.34484,7011,1812,681
2025-10-24$492.86$540.0029.9%8.6%47.9%11.1%31.4%2.0%1.2%-2.3M30.4M-149.8K0.4489.912561131,2132,220
2025-10-27$503.78$540.0031.6%9.1%48.7%14.4%31.5%1.9%-0.0%-2.2M26.7M-148.7K0.8789.4938331,1852,322
2025-10-28$501.32$540.0031.0%8.9%48.4%13.3%29.6%0.3%0.8%-2.3M24.8M-142.1K0.0292.595811,1772,296
2025-10-29$491.10$540.0033.4%9.6%48.4%17.9%33.0%-0.7%-1.9%-2.5M32.9M-141.4K0.0692.503121,2142,295
2025-10-30$494.59$540.0033.1%9.5%47.7%17.2%31.2%-3.4%1.0%-2.4M27.8M-140.2K0.3291.072271,2162,281
2025-10-31$502.89$540.0031.7%9.1%48.2%14.5%33.0%2.5%1.2%-2.2M24.7M-135.4K0.4290.931251,2182,283