LII Options History — February 2026

In February 2026, LII traded between $495.44 and $573.77. ATM implied volatility averaged 35.3%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded below realized volatility by 1.4% (HV 20d: 36.7%). Max pain ranged from $500.00 to $530.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.29.

Notable Days

2026-02-10: Highest Volume — 110 contracts
2026-02-03: Largest IV spike — 14.9% change
2026-02-27: Highest IV Rank — 26.7%
2026-02-27: Largest Expected Move — 11.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$544.67	$495.44	$573.77	$495.44	$573.77
Max Pain	$525.26	$500.00	$530.00	$500.00	$530.00
ATM IV	35.3%	31.7%	38.2%	32.2%	38.2%
Expected Move	10.1%	9.2%	11.0%	9.2%	11.0%
HV 20d	36.7%	31.7%	39.0%	31.7%	38.0%
HV 60d	30.7%	27.4%	32.0%	27.4%	31.6%
IV Rank	21.2%	14.5%	26.7%	15.5%	26.7%
IV Percentile	70.3%	36.5%	86.1%	42.9%	86.1%
Term Structure	-0.4%	-3.3%	2.8%	2.8%	-3.3%
VWIV	35.8%	32.3%	38.4%	35.5%	38.4%
Skew 25d	3.7%	0.4%	8.9%	4.7%	8.9%
Skew 10d	6.5%	0.4%	13.7%	1.7%	13.7%
Call IV 25d	33.3%	29.3%	36.1%	29.3%	33.5%
Put IV 25d	37.0%	34.0%	42.4%	34.0%	42.4%
Bid-Ask Spread %	87.78	82.19	91.14	88.31	89.83
Gamma HHI	0.14	0.10	0.21	0.11	0.15
Net GEX	574.0K	-405.3K	1.3M	-405.3K	220.7K
Net DEX	-16.1M	-35.3M	8.6M	8.6M	-7.9M
Net VEX	-80.0K	-101.6K	-66.5K	-98.1K	-68.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.29	0.00	0.92	0.00	0.33
Total Volume	31.737	4	110	9	24
Total OI	1,648.684	763	2,022	1,861	818

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2026-02-02	$495.44	$500.00	32.2%	9.2%	31.7%	15.5%	0.0%	4.7%	2.8%	-405.3K	8.6M	-98.1K	0.00	88.31	9	0	765	1,096
2026-02-03	$508.90	$500.00	37.0%	10.6%	33.1%	24.4%	35.5%	4.3%	-0.9%	-94.5K	1.8M	-101.6K	0.92	82.19	12	11	774	1,096
2026-02-04	$536.77	$500.00	34.5%	9.9%	36.5%	19.7%	36.2%	4.4%	1.4%	489.5K	-13.0M	-96.7K	0.41	83.86	32	13	767	1,094
2026-02-05	$514.79	$530.00	35.9%	10.8%	38.3%	22.4%	34.9%	3.1%	-1.5%	149.9K	-2.5M	-101.1K	0.05	84.85	83	4	792	1,093
2026-02-06	$529.04	$530.00	34.0%	10.0%	39.0%	18.7%	36.3%	3.3%	0.9%	805.2K	-13.2M	-95.3K	0.05	87.45	19	1	846	1,092
2026-02-09	$529.21	$530.00	35.8%	9.8%	36.6%	22.1%	0.0%	3.8%	1.2%	917.8K	-13.0M	-90.0K	0.70	90.09	10	7	860	1,091
2026-02-10	$545.21	$530.00	31.7%	9.6%	38.1%	14.5%	0.0%	3.0%	0.9%	1.0M	-21.8M	-85.6K	0.07	88.97	103	7	866	1,097
2026-02-11	$555.85	$530.00	34.4%	9.8%	38.3%	19.4%	32.3%	3.9%	0.0%	1.2M	-29.1M	-80.4K	0.24	86.83	29	7	900	1,097
2026-02-12	$558.30	$530.00	34.4%	9.9%	38.2%	19.6%	35.4%	0.4%	0.5%	1.1M	-31.3M	-77.8K	0.50	86.09	14	7	903	1,099
2026-02-13	$565.58	$530.00	34.5%	9.9%	38.2%	19.8%	34.0%	4.6%	0.6%	988.5K	-34.0M	-74.1K	0.30	85.97	66	20	904	1,105
2026-02-17	$566.21	$530.00	36.2%	10.4%	38.2%	23.0%	37.4%	6.5%	-1.4%	871.7K	-35.3M	-71.6K	0.36	85.45	11	4	914	1,107
2026-02-18	$554.70	$530.00	35.7%	10.2%	36.0%	21.9%	34.5%	2.2%	0.4%	1.2M	-31.6M	-71.7K	0.00	88.92	4	0	913	1,109
2026-02-19	$551.68	$530.00	36.5%	10.5%	36.0%	23.5%	0.0%	3.2%	-2.4%	1.3M	-31.1M	-70.4K	0.00	88.61	12	0	912	1,109
2026-02-20	$560.04	$530.00	34.4%	9.9%	35.9%	19.6%	34.5%	3.3%	-2.0%	726.6K	-34.7M	-66.9K	0.08	90.54	24	2	901	1,109
2026-02-23	$556.66	$530.00	35.5%	10.2%	36.0%	21.7%	36.9%	1.7%	-0.9%	125.6K	-4.9M	-67.6K	0.75	87.85	4	3	362	401
2026-02-24	$559.59	$530.00	36.4%	10.4%	36.0%	23.2%	37.6%	0.9%	-1.6%	153.6K	-5.7M	-67.4K	0.00	91.14	4	0	364	401
2026-02-25	$539.65	$530.00	36.9%	10.6%	37.8%	24.2%	36.2%	0.7%	-2.0%	47.4K	-2.4M	-66.5K	0.48	90.08	23	11	366	401
2026-02-26	$547.28	$530.00	35.7%	10.2%	35.2%	21.9%	36.4%	7.9%	-0.5%	107.7K	-3.8M	-69.3K	0.28	90.81	18	5	389	412
2026-02-27	$573.77	$530.00	38.2%	11.0%	38.0%	26.7%	38.4%	8.9%	-3.3%	220.7K	-7.9M	-68.3K	0.33	89.83	18	6	403	415