IXN Options History — November 2008

In November 2008, IXN traded between $5.22 and $6.91. ATM implied volatility averaged 55.1%, placing in the 34.4% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded below realized volatility by 15.8% (HV 20d: 70.9%). Max pain ranged from $7.00 to $7.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 5 of 19 days.

Notable Days

  • 2008-11-05: Largest IV spike — 63.2% change
  • 2008-11-20: Highest IV Rank — 50.0%
  • 2008-11-20: Largest Expected Move — 20.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.98$5.22$6.91$6.61$5.92
Max Pain$7.00$7.00$7.00$7.00$7.00
ATM IV55.1%31.0%70.8%34.6%65.4%
Expected Move14.7%8.9%20.3%9.9%18.7%
HV 20d70.9%65.6%80.1%74.2%65.9%
HV 60d58.9%52.7%63.8%52.7%63.5%
IV Rank34.4%10.4%50.0%14.0%44.7%
IV Percentile87.7%47.6%97.6%63.5%95.6%
Term Structure-10.1%-25.1%7.5%1.3%-18.7%
Skew 25d-2.6%-8.5%2.4%-0.1%2.1%
Skew 10d-10.2%-21.4%-1.2%-3.4%-1.2%
Call IV 25d41.7%31.2%62.2%32.7%34.2%
Put IV 25d39.1%31.2%53.8%32.6%36.3%
Bid-Ask Spread %123.65113.45151.58129.30126.59
Gamma HHI0.440.370.520.480.38
Net GEX1960452364193
Net DEX-2.1K-5.7K0-3.8K-2.5K
Net VEX-11-210-17-13
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI5454545454

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-11-03$6.61$0.0034.6%9.9%74.2%14.0%0.0%-0.1%1.3%364-3.8K-170.00129.30N/AN/A00540
2008-11-04$6.91$0.0031.0%8.9%73.7%10.4%0.0%2.4%4.0%452-5.7K-210.00133.27N/AN/A00540
2008-11-05$6.52$0.0050.6%14.5%76.4%29.9%0.0%-8.5%-13.9%318-3.4K-160.00151.58N/AN/A00540
2008-11-06$6.11$0.0056.3%16.1%79.1%35.6%0.0%-8.3%-18.9%199-1.9K-100.00137.50N/AN/A00540
2008-11-07$6.33$7.0054.3%10.9%80.1%33.6%0.0%-3.1%-8.9%261-2.6K-130.00130.64N/AN/A00540
2008-11-10$6.32$7.0059.3%11.1%69.3%38.6%0.0%-3.1%-10.2%259-2.5K-120.00130.00N/AN/A00540
2008-11-11$6.08$7.0045.7%9.2%69.7%25.0%0.0%-2.1%1.3%168-1.0K-70.00116.28N/AN/A00540
2008-11-12$5.86$7.0054.1%10.1%65.6%33.4%0.0%2.1%-6.6%110-673-50.00114.59N/AN/A00540
2008-11-13$6.17$7.0034.8%10.0%67.2%14.1%0.0%0.0%7.5%233-1.9K-130.00117.75N/AN/A00540
2008-11-14$5.80$7.0043.6%12.5%70.3%23.0%0.0%0.0%5.5%145-1.3K-100.00114.09N/AN/A00540
2008-11-17$5.70$7.0060.6%17.4%68.7%39.9%0.0%0.0%-11.4%153-1.9K-120.00122.20N/AN/A00540
2008-11-18$5.78$7.0059.8%17.1%67.1%39.1%0.0%0.0%-10.9%165-2.0K-130.00123.22N/AN/A00540
2008-11-19$5.37$7.0068.6%19.7%69.6%47.8%0.0%0.0%-18.2%87-994-50.00119.12N/AN/A00540
2008-11-20$5.22$7.0070.8%20.3%70.0%50.0%0.0%0.0%-25.1%0000.00113.45N/AN/A00540
2008-11-21$5.43$7.0070.3%20.2%70.6%49.6%0.0%0.0%-19.1%96-1.2K-60.00114.28N/AN/A00540
2008-11-24$5.74$7.0060.6%17.4%73.7%39.9%0.0%0.0%-16.7%153-1.7K-100.00118.21N/AN/A00540
2008-11-25$5.76$7.0064.5%18.5%66.8%43.7%0.0%0.0%-17.4%164-2.1K-120.00117.59N/AN/A00540
2008-11-26$5.96$7.0061.7%17.7%68.0%41.0%0.0%0.0%-15.5%200-2.6K-130.00119.58N/AN/A00540
2008-11-28$5.92$7.0065.4%18.7%65.9%44.7%0.0%0.0%-18.7%193-2.5K-130.00126.59N/AN/A00540