TIME Options History — January 2015

In January 2015, TIME traded between $23.52 and $25.48. ATM implied volatility averaged 35.2%, placing in the 69.7% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 4.8% (HV 20d: 30.3%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 2.33.

Notable Days

  • 2015-01-12: Highest Volume — 7,769 contracts
  • 2015-01-08: Largest IV drop — 20.2% change
  • 2015-01-06: Highest IV Rank — 89.2%
  • 2015-01-06: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.78$23.52$25.48$24.09$25.07
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV35.2%29.0%40.0%29.0%36.9%
Expected Move10.3%9.3%11.1%9.3%10.6%
HV 20d30.3%26.1%35.2%31.1%27.6%
HV 60d32.4%30.7%34.7%34.6%30.9%
IV Rank69.7%45.2%89.2%45.2%76.8%
IV Percentile88.7%75.0%96.6%75.0%90.8%
Term Structure-2.1%-3.6%3.6%3.6%-2.4%
VWIV37.5%32.5%43.8%32.5%38.0%
Skew 25d6.3%0.5%11.9%5.1%9.2%
Skew 10d14.2%4.4%26.5%8.2%11.5%
Call IV 25d34.1%28.9%41.0%28.9%33.0%
Put IV 25d40.4%34.1%43.5%34.1%42.3%
Bid-Ask Spread %74.9264.5085.4664.5085.17
Gamma HHI0.430.310.560.330.56
Net GEX-464.2K-732.7K-107.4K-439.8K-609.4K
Net DEX6.5M2.3M10.4M7.8M6.5M
Net VEX-80.7K-88.2K-70.8K-83.5K-76.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.330.079.812.261.06
Total Volume1,333.967,7692,236643
Total OI27,611.9524,57933,45127,34125,317

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-01-02$24.09$25.0029.0%9.3%31.1%45.2%32.5%5.1%3.6%-439.8K7.8M-83.5K2.2664.50N/AN/A6861,5504,66022,681
2015-01-05$23.79$25.0033.8%9.7%31.4%64.3%33.8%8.0%-1.3%-447.8K9.0M-86.0K2.0069.51N/AN/A244,65722,643
2015-01-06$23.52$25.0040.0%11.1%31.5%89.2%36.2%9.6%-3.0%-559.4K10.4M-84.5K0.4872.03N/AN/A7343564,65722,647
2015-01-07$23.90$25.0037.7%10.3%32.0%79.7%35.8%8.5%-2.8%-423.3K8.6M-88.2K0.3470.18N/AN/A152525,33022,900
2015-01-08$25.04$25.0030.0%9.9%35.1%49.2%34.5%3.0%-2.2%-172.9K2.5M-77.6K1.9566.77N/AN/A8231,6015,41222,952
2015-01-09$24.98$25.0030.3%9.7%34.9%50.1%34.0%3.6%-2.2%-130.9K2.3M-77.6K1.1970.26N/AN/A1,3571,6135,38922,968
2015-01-12$24.68$25.0035.0%10.3%34.7%69.0%39.8%1.2%-2.9%-220.2K4.3M-79.3K9.8173.15N/AN/A7197,0505,12722,979
2015-01-13$25.11$25.0033.1%10.2%35.1%61.5%41.0%3.9%-2.4%-326.3K4.8M-86.5K4.1170.34N/AN/A4071,6735,15428,162
2015-01-14$25.01$25.0037.4%10.7%35.2%78.7%41.0%3.1%-3.4%-307.8K5.1M-87.7K6.2470.06N/AN/A2621,6365,20528,246
2015-01-15$24.94$25.0035.9%10.3%32.2%72.8%38.4%2.6%-2.4%-330.8K6.3M-87.4K6.2270.48N/AN/A2561,5924,81028,239
2015-01-16$25.19$25.0036.2%10.4%26.1%73.7%39.0%2.6%-2.9%-107.4K4.2M-83.6K0.1269.74N/AN/A236284,77728,261
2015-01-20$24.60$25.0036.3%10.4%27.6%74.5%36.9%0.5%-1.5%-732.7K9.2M-80.9K0.4974.60N/AN/A185902,79721,782
2015-01-21$24.69$25.0035.7%10.2%26.9%72.0%36.0%10.4%-1.8%-669.6K9.6M-85.6K0.0777.31N/AN/A10072,93721,833
2015-01-22$24.99$25.0035.1%10.1%27.2%69.6%36.1%10.8%-1.7%-659.5K7.7M-79.8K1.0979.21N/AN/A2602833,03721,833
2015-01-23$24.75$25.0034.4%9.9%27.4%66.6%35.3%9.0%-1.8%-670.2K8.4M-80.3K1.0978.72N/AN/A2642873,03721,834
2015-01-26$25.48$25.0035.4%10.1%29.1%70.5%43.8%10.5%-2.4%-623.9K5.3M-70.8K0.2880.33N/AN/A50143,04121,862
2015-01-27$25.19$25.0036.4%10.4%27.2%74.7%42.1%8.8%-3.6%-640.8K6.4M-74.2K6.2585.38N/AN/A8503,09121,848
2015-01-28$25.19$25.0037.2%10.7%27.2%77.8%37.9%2.6%-3.3%-625.6K6.4M-73.7K0.9385.19N/AN/A4324003,09921,842
2015-01-29$25.38$25.0037.3%10.7%27.2%78.4%38.8%11.9%-2.5%-586.5K5.1M-71.0K0.6185.46N/AN/A5063103,27521,918
2015-01-30$25.07$25.0036.9%10.6%27.6%76.8%38.0%9.2%-2.4%-609.4K6.5M-76.3K1.0685.17N/AN/A3123313,35321,964