TIME Options History — December 2014

In December 2014, TIME traded between $23.05 and $24.90. ATM implied volatility averaged 29.0%, placing in the 48.3% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 1.5% (HV 20d: 27.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 6.67.

Notable Days

  • 2014-12-08: Highest Volume — 7,345 contracts
  • 2014-12-08: Largest IV spike — 43.1% change
  • 2014-12-16: Highest IV Rank — 65.8%
  • 2014-12-16: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.07$23.05$24.90$24.00$24.61
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV29.0%22.4%34.2%26.9%29.6%
Expected Move8.9%8.1%9.6%8.3%9.1%
HV 20d27.5%20.4%35.5%35.2%30.6%
HV 60d33.0%31.3%34.7%31.3%34.3%
IV Rank48.3%18.6%65.8%18.6%47.5%
IV Percentile76.2%22.2%91.0%22.2%76.9%
Term Structure1.6%-1.8%5.3%0.1%2.0%
VWIV30.6%26.8%35.0%26.8%32.2%
Skew 25d3.1%-2.0%7.1%4.4%6.7%
Skew 10d3.2%-12.4%17.3%0.8%6.5%
Call IV 25d29.6%25.1%32.8%28.0%29.8%
Put IV 25d32.7%27.9%38.0%32.4%36.5%
Bid-Ask Spread %70.8562.6683.5965.3171.03
Gamma HHI0.420.320.510.510.32
Net GEX-576.1K-812.8K-325.1K-561.6K-337.3K
Net DEX8.5M4.5M13.2M7.6M5.3M
Net VEX-90.1K-105.7K-73.7K-78.7K-84.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.670.0030.807.020.15
Total Volume1,839.68207,3451,765195
Total OI26,853.59123,53728,94823,53727,197

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-12-01$24.00$25.0026.9%8.3%35.2%0.0%26.8%4.4%0.1%-561.6K7.6M-78.7K7.0265.31N/AN/A2201,5453,94619,591
2014-12-02$24.55$25.0023.9%8.1%35.5%0.0%27.0%6.0%2.1%-533.4K5.7M-73.7K7.2663.58N/AN/A2141,5533,95619,591
2014-12-03$24.19$25.0027.7%8.2%20.7%0.0%27.2%2.8%-1.5%-520.9K6.7M-77.3K10.5671.20N/AN/A1431,5103,96419,591
2014-12-04$24.08$25.0022.9%8.2%20.9%0.0%0.0%5.3%1.7%-603.8K7.8M-76.1K0.0064.03N/AN/A003,94619,598
2014-12-05$23.95$25.0022.4%8.2%21.2%18.6%27.4%1.5%2.0%-567.1K7.5M-75.4K11.1067.29N/AN/A1361,5103,96419,598
2014-12-08$23.78$25.0032.1%8.7%20.4%57.3%30.6%0.7%2.8%-586.5K8.4M-75.3K30.8068.59N/AN/A2317,1143,96319,598
2014-12-09$23.32$25.0028.9%9.0%22.1%44.5%30.2%0.1%2.7%-785.1K12.5M-104.9K6.6169.04N/AN/A2311,5264,06624,882
2014-12-10$23.16$25.0028.1%9.0%22.3%41.4%31.2%5.5%2.1%-812.8K13.2M-105.7K6.6168.09N/AN/A2311,5264,04624,845
2014-12-11$23.65$25.0032.0%9.1%22.3%57.1%31.8%7.1%-1.8%-741.5K11.9M-104.9K6.3671.03N/AN/A2401,5264,04524,845
2014-12-12$23.79$25.0030.3%8.8%22.2%50.2%31.0%3.0%0.9%-710.4K10.8M-102.3K6.2869.71N/AN/A2401,5084,03924,730
2014-12-15$23.90$25.0031.8%8.9%22.0%56.1%32.0%-2.0%-1.7%-782.8K11.8M-100.5K5.3762.90N/AN/A2841,5244,03924,730
2014-12-16$23.05$25.0034.2%9.6%26.1%65.8%32.9%-0.5%0.1%-794.5K12.9M-101.5K5.4962.66N/AN/A2841,5594,08724,730
2014-12-17$24.36$25.0032.4%9.1%32.4%58.6%31.7%4.0%-0.6%-637.1K8.4M-97.6K8.9668.41N/AN/A1741,5594,08724,753
2014-12-18$24.32$25.0031.1%9.1%32.3%53.5%30.0%1.6%0.7%-646.9K8.2M-94.6K9.4566.95N/AN/A1651,5594,04724,652
2014-12-19$23.95$25.0030.9%9.1%32.9%52.4%35.0%2.2%2.1%-664.7K9.4M-94.7K0.0074.84N/AN/A1,00014,02624,652
2014-12-22$24.05$0.0028.9%9.1%32.8%44.6%0.0%2.7%2.8%-487.5K8.9M-96.1K2.3483.59N/AN/A6461,5144,38822,786
2014-12-23$24.20$0.0027.4%9.2%30.0%38.5%0.0%2.6%5.3%-431.1K8.1M-93.1K2.3476.91N/AN/A6461,5144,43222,686
2014-12-24$24.10$0.0029.0%9.4%29.5%45.1%0.0%-0.8%4.5%-436.4K8.0M-92.2K2.3478.38N/AN/A6461,5144,43222,686
2014-12-26$24.90$0.0029.6%9.5%31.4%47.4%0.0%4.8%3.1%-365.4K5.3M-87.3K2.1678.55N/AN/A7021,5144,43222,686
2014-12-29$24.87$0.0029.1%9.3%31.4%45.3%32.6%4.2%2.9%-325.1K4.5M-84.6K2.2074.86N/AN/A6941,5254,53322,686
2014-12-30$24.71$25.0029.0%9.2%31.5%45.0%0.0%5.7%3.0%-343.4K4.9M-81.7K0.0081.69N/AN/A0504,53122,697
2014-12-31$24.61$25.0029.6%9.1%30.6%47.5%32.2%6.7%2.0%-337.3K5.3M-84.6K0.1571.03N/AN/A170254,53122,666