LII Options History — January 2026

In January 2026, LII traded between $484.42 and $535.38. ATM implied volatility averaged 36.1%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 9.1% (HV 20d: 27.0%). Max pain ranged from $500.00 to $520.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 2.28.

Notable Days

  • 2026-01-27: Highest Volume — 701 contracts
  • 2026-01-28: Largest IV drop — 21.9% change
  • 2026-01-27: Highest IV Rank — 40.0%
  • 2026-01-27: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$511.16$484.42$535.38$498.41$494.39
Max Pain$501.50$500.00$520.00$500.00$500.00
ATM IV36.1%29.2%45.2%29.2%30.8%
Expected Move10.6%8.4%12.9%8.4%8.8%
HV 20d27.0%19.7%33.2%19.7%32.7%
HV 60d31.1%26.8%35.0%34.2%27.4%
IV Rank22.9%9.8%40.0%9.8%12.9%
IV Percentile71.9%25.0%95.6%25.0%31.0%
Term Structure-2.0%-6.6%4.5%4.5%2.2%
VWIV34.7%15.5%44.4%15.5%23.5%
Skew 25d5.1%1.1%13.1%13.1%4.7%
Skew 10d9.0%2.2%24.1%7.7%10.4%
Call IV 25d34.5%26.9%42.8%26.9%29.5%
Put IV 25d39.6%34.2%44.2%40.0%34.2%
Bid-Ask Spread %72.6062.2691.5591.5583.03
Gamma HHI0.150.110.230.110.11
Net GEX779-599.1K340.4K21.7K-398.0K
Net DEX2.7M-1.7M13.1M1.8M9.3M
Net VEX-69.1K-103.5K-47.4K-47.4K-100.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.280.0017.506.900.72
Total Volume100.25970179112
Total OI864.85641,8125641,812

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$498.41$500.0029.2%8.4%19.7%9.8%15.5%13.1%4.5%21.7K1.8M-47.4K6.9091.551069270294
2026-01-05$502.25$500.0034.4%10.4%19.9%19.7%31.2%6.9%-2.0%14.4K2.0M-56.2K1.8968.381936274354
2026-01-06$518.09$500.0032.3%10.2%22.1%15.7%32.2%8.0%-2.0%85.9K805.7K-61.6K1.0567.311920281383
2026-01-07$503.82$500.0036.5%10.9%23.7%23.6%34.3%2.8%-3.6%10.3K2.5M-64.1K1.0066.2377293400
2026-01-08$513.05$500.0038.3%10.2%24.4%27.0%0.0%5.9%-0.8%79.4K1.3M-65.4K3.5066.4327297407
2026-01-09$532.72$500.0033.8%10.6%27.2%18.6%36.8%5.0%-2.2%170.5K-1.5M-66.3K0.5462.26137298412
2026-01-12$535.38$500.0032.1%10.4%27.0%15.4%36.7%4.2%-0.7%223.2K-1.7M-65.2K0.1367.56152301420
2026-01-13$529.07$500.0032.2%10.5%26.7%15.5%35.4%4.3%-2.7%250.9K-1.2M-65.1K1.3372.8368309421
2026-01-14$525.51$500.0037.5%10.8%25.8%25.6%34.8%4.7%-2.9%238.4K-189.7K-65.2K0.0070.5790309424
2026-01-15$522.16$500.0038.1%10.9%25.8%26.6%36.4%5.0%-2.8%312.0K351.2K-65.0K0.8870.3687315424
2026-01-16$525.54$500.0037.5%10.7%25.2%25.5%36.7%3.8%-3.2%340.4K-601.9K-63.9K0.2168.70143317429
2026-01-20$505.63$500.0038.6%11.1%28.7%27.6%37.9%3.7%-2.6%-74.6K3.1M-62.2K3.5068.30828258386
2026-01-21$512.21$500.0039.9%11.4%29.0%30.1%37.6%5.5%-3.9%-89.9K3.1M-63.4K0.2575.9082260410
2026-01-22$508.16$500.0038.8%11.1%29.0%27.9%38.1%2.6%-3.4%-94.6K3.4M-62.9K0.4181.123916266412
2026-01-23$506.51$500.0038.9%11.2%29.0%28.2%38.4%5.5%-3.9%-78.7K3.3M-65.1K1.5077.311015295416
2026-01-26$511.69$520.0040.0%11.5%29.1%30.2%39.3%6.6%-5.9%-73.6K2.9M-65.7K0.6372.72165104299432
2026-01-27$500.90$510.0045.2%12.9%30.2%40.0%44.4%1.4%-6.6%53.4K2.5M-75.8K2.2666.23215486464523
2026-01-28$484.42$500.0035.3%10.1%32.5%21.3%36.0%1.1%-0.9%-599.1K13.1M-97.7K1.3475.33202270652982
2026-01-29$493.37$500.0032.7%9.4%33.2%16.5%33.6%7.9%2.4%-376.7K8.9M-103.5K17.5079.832357421,055
2026-01-30$494.39$500.0030.8%8.8%32.7%12.9%23.5%4.7%2.2%-398.0K9.3M-100.4K0.7283.0365477421,070