LII Options History — December 2025

In December 2025, LII traded between $485.89 and $514.41. ATM implied volatility averaged 31.6%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 3.3% (HV 20d: 28.3%). Max pain ranged from $440.00 to $500.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.75.

Notable Days

  • 2025-12-03: Highest Volume — 411 contracts
  • 2025-12-08: Largest IV spike — 19.7% change
  • 2025-12-08: Highest IV Rank — 27.1%
  • 2025-12-01: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$498.47$485.89$514.41$492.49$487.76
Max Pain$488.64$440.00$500.00$470.00$500.00
ATM IV31.6%27.6%38.4%35.5%27.6%
Expected Move8.9%7.9%10.2%10.2%7.9%
HV 20d28.3%21.5%32.0%28.9%21.7%
HV 60d34.8%34.3%35.3%35.1%34.3%
IV Rank14.3%6.9%27.1%21.7%6.9%
IV Percentile44.7%12.7%89.3%80.6%12.7%
Term Structure2.6%-2.6%7.3%-2.6%7.3%
VWIV30.9%26.5%37.9%34.6%26.5%
Skew 25d2.3%-1.4%8.6%3.2%3.9%
Skew 10d4.0%-8.3%18.0%17.5%-2.1%
Call IV 25d29.0%22.3%33.4%31.7%23.6%
Put IV 25d31.3%27.4%34.9%34.9%27.4%
Bid-Ask Spread %88.8676.30100.2195.5894.69
Gamma HHI0.240.070.450.250.07
Net GEX307.7K-588.6K1.7M-188.8K24.9K
Net DEX-2.6M-14.6M2.5M1.5M537.8K
Net VEX-41.7K-64.2K-26.7K-56.9K-28.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.750.0021.000.027.30
Total Volume47.545241162166
Total OI1,413.6823682,0101,528445

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$492.49$470.0035.5%10.2%28.9%21.7%34.6%3.2%-2.6%-188.8K1.5M-56.9K0.0295.58611779749
2025-12-02$485.89$480.0034.2%9.8%28.1%19.3%33.3%0.4%-2.2%-374.8K2.5M-54.9K0.0595.20201780749
2025-12-03$502.27$480.0032.9%9.4%30.6%16.9%29.6%1.7%-2.4%211.3K-3.5M-55.5K0.0595.1639219779748
2025-12-04$503.39$440.0033.4%9.1%30.4%17.8%29.5%2.9%1.3%838.8K-5.7M-62.5K0.0376.3012341,092763
2025-12-05$511.21$440.0032.1%8.7%30.8%15.2%26.9%3.4%2.9%1.2M-9.4M-64.2K0.7585.94861,181765
2025-12-08$503.43$440.0038.4%9.4%31.4%27.1%32.1%2.5%2.0%820.2K-6.0M-54.0K0.5080.9722111,189768
2025-12-09$500.25$500.0036.3%9.5%31.4%23.2%34.4%1.5%2.1%338.9K-751.2K-50.1K1.3383.86341,197777
2025-12-10$508.72$500.0032.8%9.4%31.8%16.7%0.0%3.1%2.0%1.2M-8.3M-57.1K0.7587.24861,197779
2025-12-11$514.41$500.0033.1%9.5%30.9%17.2%31.8%-1.2%1.6%1.7M-14.6M-54.4K0.5081.691471,195782
2025-12-12$506.40$500.0032.0%9.2%31.7%15.1%32.3%0.1%2.6%1.1M-7.0M-48.1K0.0086.46201,197784
2025-12-15$497.05$500.0032.3%9.3%32.0%15.7%32.5%-1.4%1.1%-687-1.0M-36.6K0.2586.57411,200784
2025-12-16$494.25$500.0031.2%8.9%30.7%13.6%29.9%0.5%2.5%-548.0K-1.2M-31.6K0.0987.101111,201783
2025-12-17$488.25$500.0032.3%9.3%31.0%15.7%0.0%-1.0%2.2%-588.6K743.9K-30.2K1.6788.26351,207782
2025-12-18$497.10$500.0031.3%9.0%30.1%13.7%37.9%2.5%2.0%206.2K-2.5M-28.6K0.4090.801041,207786
2025-12-19$496.88$500.0029.7%8.5%29.9%10.7%29.5%-0.8%3.7%564.4K-2.5M-27.9K0.2090.811531,216794
2025-12-22$492.38$500.0028.9%8.3%26.5%9.3%27.5%6.2%4.7%19.6K619.5K-26.7K1.1784.692327211157
2025-12-23$495.77$500.0027.8%8.0%26.5%7.3%0.0%3.0%5.9%49.2K95.3K-29.4K0.5093.3242231172
2025-12-24$498.13$500.0027.8%8.0%23.3%7.3%29.3%4.3%5.2%61.7K-218.9K-30.9K0.0091.5506235174
2025-12-26$498.22$500.0029.2%8.4%21.8%9.8%29.6%8.6%3.0%47.5K37.2K-29.2K21.0090.17121235175
2025-12-29$496.28$500.0028.1%8.1%21.8%7.8%29.3%2.8%4.9%38.4K-4.4K-29.7K0.2588.40123236187
2025-12-30$495.75$500.0028.1%8.1%21.5%7.8%0.0%4.6%7.0%52.0K129.8K-29.5K0.00100.21120245188
2025-12-31$487.76$500.0027.6%7.9%21.7%6.9%26.5%3.9%7.3%24.9K537.8K-28.5K7.3094.6920146257188