TIME Options History — April 2017

In April 2017, TIME traded between $15.18 and $19.20. ATM implied volatility averaged 55.3%, placing in the 40.4% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 34.9% (HV 20d: 20.4%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 2.14.

Notable Days

  • 2017-04-28: Highest Volume — 13,666 contracts
  • 2017-04-12: Largest IV drop — 33.1% change
  • 2017-04-10: Highest IV Rank — 69.8%
  • 2017-04-05: Largest Expected Move — 18.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.41$15.18$19.20$19.20$15.18
Max Pain$18.95$17.50$20.00$17.50$20.00
ATM IV55.3%31.7%78.3%49.9%31.7%
Expected Move14.4%9.1%18.7%14.3%9.1%
HV 20d20.4%13.1%68.3%15.9%68.3%
HV 60d23.7%21.9%44.4%21.9%44.4%
IV Rank40.4%10.4%69.8%33.6%10.4%
IV Percentile88.5%25.8%99.6%93.7%25.8%
Term Structure-13.1%-21.0%-0.6%-10.6%-0.6%
VWIV49.8%31.9%77.1%53.6%31.9%
Skew 25d7.9%-9.8%12.2%3.0%-9.8%
Skew 10d21.7%-14.5%36.8%14.1%-14.5%
Call IV 25d46.6%38.0%66.7%54.3%41.5%
Put IV 25d54.4%31.7%76.1%57.3%31.7%
Bid-Ask Spread %91.5876.15102.0482.0376.15
Gamma HHI0.390.250.550.480.55
Net GEX61.0K-417.7K458.7K458.7K-90.8K
Net DEX-838.0K-6.4M5.3M-6.4M5.3M
Net VEX-35.5K-50.6K-12.3K-47.6K-12.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.140.594.331.110.81
Total Volume3,294.8951,04113,6661,14113,666
Total OI28,187.15813,03937,95627,98913,294

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-04-03$19.20$17.5049.9%14.3%15.9%33.6%53.6%3.0%-10.6%458.7K-6.4M-47.6K1.1182.03N/AN/A54259915,13812,851
2017-04-04$18.90$17.5063.3%18.1%16.9%50.6%72.1%8.0%-20.7%342.9K-5.0M-50.0K3.0595.13N/AN/A5961,82015,37612,898
2017-04-05$18.83$17.5065.1%18.7%15.8%53.0%77.1%9.3%-21.0%271.6K-3.9M-50.6K0.9393.44N/AN/A71065715,48514,058
2017-04-06$18.65$20.0072.2%14.9%13.3%61.9%49.8%8.8%-16.6%257.1K-3.4M-49.9K2.3288.29N/AN/A9692,24915,38314,141
2017-04-07$18.63$20.0075.9%15.2%13.2%66.7%48.9%8.6%-16.1%249.4K-3.3M-49.6K1.6384.46N/AN/A1,8783,06515,68314,798
2017-04-10$18.70$20.0078.3%15.7%13.1%69.8%51.8%12.2%-16.5%265.1K-3.2M-48.6K0.9083.53N/AN/A2,5782,32516,76316,465
2017-04-11$19.02$20.0076.8%13.9%14.6%67.8%48.0%11.2%-13.2%304.8K-4.3M-48.6K0.5985.00N/AN/A2,0351,20916,78617,645
2017-04-12$18.35$20.0051.4%14.7%19.3%35.5%58.2%5.0%-13.0%196.2K-68.2K-39.7K2.0195.48N/AN/A1,2962,60616,80018,134
2017-04-13$18.10$17.5048.2%13.8%19.7%31.4%49.5%9.2%-11.9%-417.7K3.2M-33.5K1.5193.61N/AN/A2,1453,24316,80918,901
2017-04-17$18.30$17.5051.7%14.8%20.1%35.9%49.6%12.0%-15.6%-379.3K2.1M-31.7K1.52100.07N/AN/A2,1453,25416,93919,927
2017-04-18$18.25$17.5049.7%14.3%20.0%33.3%48.1%10.5%-12.8%-317.4K1.5M-28.9K1.1388.72N/AN/A48855317,24218,436
2017-04-19$18.55$17.5048.6%13.9%21.1%31.9%45.9%7.7%-12.6%-295.6K745.3K-27.2K0.8296.57N/AN/A75661717,23520,048
2017-04-20$18.60$17.5047.3%13.6%19.5%30.3%44.4%10.5%-13.5%85.9K-573.4K-26.9K4.3395.21N/AN/A4091,76917,51320,066
2017-04-21$18.48$20.0047.5%13.6%19.0%30.5%43.7%9.4%-11.2%46.6K305.5K-27.0K3.64102.04N/AN/A3911,42317,48020,476
2017-04-24$18.40$20.0048.5%13.9%18.8%31.8%42.8%11.1%-12.2%38.1K467.7K-25.4K3.4899.03N/AN/A3591,2516,3366,703
2017-04-25$18.65$20.0047.6%13.6%19.6%30.6%44.5%8.6%-10.8%50.4K129.9K-26.7K3.4895.78N/AN/A3911,3616,4116,821
2017-04-26$18.63$20.0049.8%14.3%19.3%33.4%43.3%11.7%-12.8%55.0K-1.8K-25.8K3.9588.39N/AN/A3291,2996,3976,821
2017-04-27$18.30$20.0046.2%13.2%20.0%28.8%43.3%2.5%-7.4%37.4K482.8K-24.3K3.4897.09N/AN/A3621,2586,4606,837
2017-04-28$15.18$20.0031.7%9.1%68.3%10.4%31.9%-9.8%-0.6%-90.8K5.3M-12.3K0.8176.15N/AN/A7,5386,1286,4616,833