TIME Options History — June 2014

In June 2014, TIME traded between $22.55 and $24.43. ATM implied volatility averaged 23.6%. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 1.3% (HV 20d: 25.0%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 4 of 16 trading days. Term structure was in contango for 16 of 16 days. Put/call ratio averaged 4.45.

Notable Days

  • 2014-06-13: Highest Volume — 4,084 contracts
  • 2014-06-25: Largest IV drop — 11.1% change
  • 2014-06-09: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.41$22.55$24.43$23.30$24.22
Max Pain$22.50$22.50$22.50$22.50$22.50
ATM IV23.6%20.2%26.6%23.1%20.3%
Expected Move6.9%5.8%7.8%7.8%5.8%
HV 20d25.0%25.0%25.0%25.0%25.0%
Term Structure3.7%1.7%6.7%3.0%6.4%
VWIV24.4%20.0%27.8%26.6%20.4%
Skew 25d2.8%1.3%3.9%2.6%3.9%
Skew 10d1.2%-1.2%5.8%5.8%0.9%
Call IV 25d25.3%24.6%26.6%26.6%24.8%
Put IV 25d28.1%26.6%29.1%29.1%28.7%
Bid-Ask Spread %74.0630.2791.9684.3830.27
Gamma HHI0.570.410.790.460.49
Net GEX-36.7K-88.6K17.1K0-35.7K
Net DEX1.0M-184.6K4.2M0608.6K
Net VEX-16.1K-25.6K00-24.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.450.0033.000.026.50
Total Volume488.2534,084419300
Total OI2,810.87504,20104,112

Daily Data (16 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-06-09$23.30$0.0023.1%7.8%0.0%0.0%26.6%0.0%3.0%0000.0284.38N/AN/A411800
2014-06-10$22.70$22.5024.9%7.7%0.0%0.0%26.4%0.0%3.2%9.9K-174.7K-1.8K0.5165.73N/AN/A39204058
2014-06-11$22.78$22.5025.4%7.5%0.0%0.0%27.8%0.0%3.7%11.7K-184.6K-1.9K0.3163.14N/AN/A1153643824
2014-06-12$22.55$22.5026.6%7.6%0.0%0.0%0.0%0.0%3.0%14.6K-140.2K-2.3K0.0068.57N/AN/A0353460
2014-06-13$23.15$22.5025.5%7.3%0.0%0.0%25.4%0.0%2.5%17.1K-163.9K-2.4K13.2868.24N/AN/A2863,79853463
2014-06-16$23.19$22.5026.3%7.5%0.0%0.0%26.2%0.0%1.7%-81.7K4.2M-18.9K5.7572.17N/AN/A402307563,445
2014-06-17$22.81$22.5025.9%7.4%0.0%0.0%25.8%0.0%2.3%-82.0K2.4M-18.8K0.0078.17N/AN/A907562,601
2014-06-18$22.97$22.5025.9%7.4%0.0%0.0%25.7%0.0%2.0%-84.9K2.4M-18.7K2.0077.40N/AN/A5107602,601
2014-06-19$23.29$22.5024.5%7.0%0.0%0.0%24.2%0.0%2.1%-88.6K2.3M-18.7K0.0172.95N/AN/A1,598217632,611
2014-06-20$23.06$22.5023.0%6.6%0.0%0.0%24.6%0.0%3.7%-52.3K1.7M-23.9K0.0079.47N/AN/A18701,5562,622
2014-06-23$23.37$22.5023.4%6.7%0.0%0.0%23.3%2.6%4.5%-46.8K1.2M-24.0K33.0079.05N/AN/A72311,4592,409
2014-06-24$24.17$22.5022.7%6.5%0.0%0.0%24.2%1.3%3.0%-49.1K781.4K-25.6K0.2076.08N/AN/A69141,4642,639
2014-06-25$24.43$22.5020.2%5.8%0.0%0.0%20.0%3.2%6.0%-39.2K537.5K-25.1K0.0089.99N/AN/A3101,4782,653
2014-06-26$24.39$22.5020.5%5.9%0.0%0.0%0.0%3.5%5.4%-42.3K612.3K-25.0K5.0087.45N/AN/A502501,4782,653
2014-06-27$24.25$22.5020.2%5.8%0.0%0.0%20.8%2.5%6.7%-38.6K597.1K-25.1K0.1691.96N/AN/A3861,5272,565
2014-06-30$24.22$22.5020.3%5.8%25.0%0.0%20.4%3.9%6.4%-35.7K608.6K-24.9K6.5030.27N/AN/A402601,5412,571