TIME Options History — October 2014

In October 2014, TIME traded between $19.41 and $23.18. ATM implied volatility averaged 33.3%. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 5.9% (HV 20d: 27.4%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 5.69.

Notable Days

  • 2014-10-24: Highest Volume — 12,381 contracts
  • 2014-10-13: Largest IV spike — 26.1% change
  • 2014-10-22: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.31$19.41$23.18$23.18$22.60
Max Pain$24.46$22.50$25.00$25.00$25.00
ATM IV33.3%24.8%42.7%26.3%40.7%
Expected Move8.4%7.3%9.7%7.4%9.0%
HV 20d27.4%18.4%37.5%19.2%37.5%
HV 60d23.6%20.7%27.1%20.8%26.9%
Term Structure-2.7%-6.3%2.4%1.3%-6.3%
VWIV30.4%25.4%34.3%25.4%33.0%
Skew 25d3.1%-0.5%6.3%4.2%4.9%
Skew 10d5.8%-5.6%17.7%9.1%17.7%
Call IV 25d34.2%26.1%45.0%26.1%43.8%
Put IV 25d37.3%29.0%48.7%30.4%48.7%
Bid-Ask Spread %54.7247.2662.9559.4349.74
Gamma HHI0.330.280.410.280.41
Net GEX-469.0K-651.2K-298.2K-407.9K-631.4K
Net DEX9.7M4.4M14.3M4.4M10.3M
Net VEX-66.7K-108.2K-40.6K-56.6K-108.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.690.0071.110.432.04
Total Volume3,300.696312,381207,435
Total OI18,94212,84130,59417,20130,589

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$23.18$25.0026.3%7.4%19.2%0.0%25.4%4.2%1.3%-407.9K4.4M-56.6K0.4359.43N/AN/A1463,13514,066
2014-10-02$22.85$25.0025.3%7.5%19.6%0.0%25.6%3.0%2.4%-448.7K5.4M-59.7K0.0058.70N/AN/A033,13314,072
2014-10-03$22.74$25.0024.8%7.4%19.0%0.0%0.0%2.7%1.3%-484.0K5.6M-58.0K0.0056.78N/AN/A303,13314,075
2014-10-06$22.66$25.0025.5%7.4%18.8%0.0%0.0%2.8%-1.3%-482.5K5.4M-57.7K0.0357.06N/AN/A5823,13014,075
2014-10-07$22.49$25.0025.5%7.4%18.8%0.0%0.0%3.3%-2.1%-522.2K6.2M-56.7K0.4357.63N/AN/A733,16214,073
2014-10-08$22.40$25.0025.1%7.3%18.4%0.0%25.7%3.4%-1.8%-532.4K6.6M-57.9K0.8758.58N/AN/A6415603,16914,074
2014-10-09$21.38$25.0027.3%7.6%23.2%0.0%0.0%0.2%-2.6%-527.5K9.4M-62.4K0.1055.99N/AN/A5053,21414,078
2014-10-10$20.91$25.0029.7%8.2%23.8%0.0%28.1%-0.5%-3.7%-500.9K10.9M-61.4K6.0058.65N/AN/A4243,18414,076
2014-10-13$20.55$25.0037.4%8.1%23.9%0.0%28.2%3.7%-3.6%-488.9K11.8M-61.3K6.2555.59N/AN/A4253,18614,083
2014-10-14$20.57$25.0037.7%7.9%24.1%0.0%26.9%3.2%-2.4%-493.7K11.6M-61.5K0.1850.54N/AN/A5751043,19014,105
2014-10-15$20.05$25.0034.4%8.5%24.3%0.0%28.6%4.1%-3.4%-496.2K13.2M-60.8K0.2351.05N/AN/A6391493,23114,118
2014-10-16$19.47$25.0033.4%8.5%24.9%0.0%31.3%2.5%-3.5%-466.5K14.3M-58.3K0.0054.44N/AN/A05,2843,17914,096
2014-10-17$19.41$25.0033.2%8.5%25.0%0.0%30.5%0.9%-3.3%-312.7K11.1M-40.6K0.1953.21N/AN/A426823,17910,113
2014-10-20$19.60$22.5033.1%8.5%26.0%0.0%31.5%2.8%-2.2%-309.2K9.3M-42.4K5.4155.46N/AN/A1,0075,4463,2169,625
2014-10-21$20.53$22.5033.8%8.7%32.7%0.0%31.7%3.9%-2.1%-319.8K7.7M-46.5K2.1347.26N/AN/A1,4072,9993,2199,625
2014-10-22$19.92$22.5033.3%9.7%33.7%0.0%32.3%1.6%-1.8%-298.2K8.8M-45.9K4.7662.95N/AN/A1,4196,7573,4619,639
2014-10-23$20.34$22.5035.8%9.3%34.1%0.0%32.8%2.3%-2.0%-425.0K12.3M-66.8K5.9650.43N/AN/A7164,2673,52413,425
2014-10-24$20.89$22.5040.1%9.6%35.4%0.0%33.3%4.2%-4.4%-431.2K11.5M-67.9K1.7455.43N/AN/A4,5157,8663,46313,417
2014-10-27$21.55$25.0042.7%9.5%36.1%0.0%33.3%2.9%-6.3%-354.0K10.4M-92.4K71.1153.24N/AN/A553,9116,94017,351
2014-10-28$21.64$25.0040.0%9.6%36.2%0.0%34.3%2.1%-4.4%-587.2K13.7M-100.0K6.3751.88N/AN/A2051,3066,95521,203
2014-10-29$22.00$25.0040.8%9.2%36.8%0.0%32.7%6.0%-5.1%-614.9K12.6M-104.2K2.7653.85N/AN/A2,5326,9957,10721,984
2014-10-30$22.45$25.0039.9%9.2%37.4%0.0%32.9%6.3%-5.0%-651.2K11.4M-108.1K2.5350.61N/AN/A2,3826,0287,23323,361
2014-10-31$22.60$25.0040.7%9.0%37.5%0.0%33.0%4.9%-6.3%-631.4K10.3M-108.2K2.0449.74N/AN/A2,4444,9917,22823,361