TIME Options History — April 2015

In April 2015, TIME traded between $22.36 and $23.60. ATM implied volatility averaged 33.5%, placing in the 57.0% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 14.0% (HV 20d: 19.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 11.55.

Notable Days

  • 2015-04-13: Highest Volume — 6,061 contracts
  • 2015-04-08: Largest IV spike — 9.0% change
  • 2015-04-30: Highest IV Rank — 73.5%
  • 2015-04-30: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.83$22.36$23.60$22.40$22.89
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV33.5%27.7%38.0%27.7%38.0%
Expected Move9.7%7.9%10.9%7.9%10.9%
HV 20d19.5%13.7%25.6%25.6%21.7%
HV 60d21.9%20.9%23.7%23.7%21.9%
IV Rank57.0%36.1%73.5%36.1%73.5%
IV Percentile76.5%46.3%93.3%46.3%93.3%
Term Structure-3.4%-7.1%4.3%4.3%-7.0%
VWIV33.9%29.8%41.3%29.8%39.7%
Skew 25d5.8%1.5%11.9%11.9%5.0%
Skew 10d9.4%0.0%18.2%18.2%6.1%
Call IV 25d33.6%27.8%39.9%27.8%39.9%
Put IV 25d39.4%36.0%44.9%39.8%44.9%
Bid-Ask Spread %76.3364.1492.5492.5485.16
Gamma HHI0.520.390.670.440.61
Net GEX-533.8K-1.0M-259.1K-997.2K-308.5K
Net DEX8.2M4.3M17.2M17.2M4.4M
Net VEX-66.2K-79.0K-58.7K-79.0K-58.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio11.550.2029.908.380.20
Total Volume3,067.286106,0612,1851,310
Total OI22,206.8116,09628,78428,78416,569

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$22.40$25.0027.7%7.9%25.6%36.1%29.8%11.9%4.3%-997.2K17.2M-79.0K8.3892.54N/AN/A2331,9524,83323,951
2015-04-02$22.62$25.0029.9%9.3%22.6%44.1%31.4%7.0%-1.9%-919.3K15.5M-78.0K10.0164.15N/AN/A1951,9524,82223,951
2015-04-06$22.56$25.0030.3%9.5%22.6%45.4%33.0%5.2%-2.1%-1.0M16.1M-74.1K10.0164.14N/AN/A1951,9524,82223,951
2015-04-07$22.45$25.0030.3%9.4%22.0%45.3%33.0%6.6%-2.4%-1.0M16.5M-75.4K29.8464.33N/AN/A1955,8194,82223,951
2015-04-08$22.70$25.0033.0%9.5%21.7%55.1%33.0%5.2%-2.0%-691.9K11.1M-70.5K0.0065.31N/AN/A0104,82021,147
2015-04-09$22.80$25.0032.8%9.4%20.5%54.6%32.6%7.0%-2.5%-721.5K10.8M-69.9K29.9067.37N/AN/A1955,8314,82221,157
2015-04-10$23.03$25.0033.1%9.5%15.1%55.5%32.1%5.4%-2.1%-673.7K7.5M-65.2K29.9070.56N/AN/A1955,8314,82220,410
2015-04-13$23.06$25.0033.9%9.7%13.8%58.5%31.7%6.4%-3.2%-708.8K7.5M-66.4K25.9476.24N/AN/A2255,8364,82220,410
2015-04-14$23.28$25.0033.4%9.6%13.7%56.7%31.4%6.7%-2.6%-587.3K6.5M-62.7K27.5674.07N/AN/A1965,4024,78220,419
2015-04-15$23.60$25.0033.8%9.7%14.2%58.2%30.0%7.1%-3.0%-477.7K5.4M-61.5K23.0878.91N/AN/A2235,1464,78220,473
2015-04-16$23.59$25.0034.3%9.8%13.7%60.0%30.9%6.9%-4.3%-324.4K4.3M-60.0K22.0078.39N/AN/A2375,2134,80920,467
2015-04-17$22.67$25.0033.9%9.7%20.1%58.6%33.0%1.5%-4.3%-349.2K6.4M-63.3K2.0070.29N/AN/A1,2142,4324,83120,535
2015-04-20$22.80$25.0034.0%9.8%20.1%59.0%35.1%4.4%-3.5%-320.7K5.5M-63.4K2.1767.84N/AN/A7631,6593,26312,833
2015-04-21$22.59$25.0033.5%9.6%20.1%57.1%34.7%5.6%-3.3%-296.7K5.4M-64.9K2.1979.30N/AN/A7631,6733,50112,863
2015-04-22$22.63$25.0033.7%9.6%20.0%57.6%35.2%5.6%-4.2%-297.5K5.6M-64.7K3.1480.17N/AN/A5311,6663,50112,877
2015-04-23$22.89$25.0033.9%9.7%18.9%58.4%32.6%6.5%-3.7%-277.0K4.7M-62.8K3.1484.94N/AN/A5301,6663,50712,877
2015-04-24$22.52$25.0034.2%9.8%19.8%59.7%37.5%2.5%-4.6%-317.9K5.6M-63.7K0.3783.87N/AN/A5662103,50812,877
2015-04-27$22.36$25.0036.4%10.4%20.0%67.5%41.3%2.4%-5.3%-334.2K5.9M-62.7K0.3785.15N/AN/A5762143,55712,924
2015-04-28$22.99$25.0037.1%10.6%21.9%70.1%36.8%6.9%-7.1%-272.4K4.8M-61.8K0.3684.20N/AN/A6002163,57812,931
2015-04-29$22.90$25.0036.0%10.3%21.8%66.3%36.7%5.9%-5.5%-259.1K4.5M-61.9K0.3886.03N/AN/A5752163,60912,957
2015-04-30$22.89$25.0038.0%10.9%21.7%73.5%39.7%5.0%-7.0%-308.5K4.4M-58.7K0.2085.16N/AN/A1,0962143,61212,957