TIME Options History — June 2017

In June 2017, TIME traded between $12.73 and $14.35. ATM implied volatility averaged 34.3%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 2.2% (HV 20d: 36.4%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.48.

Notable Days

  • 2017-06-05: Highest Volume — 1,020 contracts
  • 2017-06-14: Largest IV drop — 33.5% change
  • 2017-06-13: Highest IV Rank — 27.7%
  • 2017-06-01: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.65$12.73$14.35$12.73$14.35
Max Pain$17.05$15.00$17.50$15.00$17.50
ATM IV34.3%28.3%45.3%36.9%29.3%
Expected Move9.4%8.1%10.6%10.6%8.4%
HV 20d36.4%24.8%64.3%61.8%29.6%
HV 60d55.1%54.0%56.4%54.1%56.4%
IV Rank13.7%6.1%27.7%17.0%7.3%
IV Percentile33.9%7.5%80.2%48.0%11.9%
Term Structure4.0%-2.8%13.9%-2.8%6.8%
VWIV32.5%22.0%39.1%37.3%28.9%
Skew 25d4.1%-4.4%16.5%8.9%-3.5%
Skew 10d16.2%-3.2%62.7%14.8%-0.4%
Call IV 25d31.4%20.2%38.4%31.5%29.7%
Put IV 25d35.6%26.2%43.0%40.4%26.2%
Bid-Ask Spread %22.3914.1759.7614.1716.08
Gamma HHI0.530.420.600.430.55
Net GEX165.9K61.6K253.7K61.6K204.5K
Net DEX-2.3M-4.8M713.8K713.8K-4.8M
Net VEX-52.9K-56.7K-48.4K-50.2K-55.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.310.730.680.36
Total Volume596.9094481,020535666
Total OI25,274.72722,44027,63027,58122,537

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-06-01$12.73$15.0036.9%10.6%61.8%17.0%37.3%8.9%-2.8%61.6K713.8K-50.2K0.6814.17N/AN/A31821720,4247,157
2017-06-02$12.88$15.0034.6%9.9%62.0%14.0%34.6%4.5%-0.1%70.3K168.6K-51.5K0.7330.99N/AN/A41630220,3707,145
2017-06-05$13.40$17.5036.9%9.9%64.2%17.0%32.3%1.2%1.7%118.0K-1.2M-53.4K0.3416.39N/AN/A76425620,2817,127
2017-06-06$13.48$17.5042.7%9.6%64.3%24.4%31.0%0.8%3.1%135.2K-1.6M-54.8K0.6716.96N/AN/A39326520,5157,115
2017-06-07$13.48$17.5028.9%9.8%63.8%6.8%32.6%1.8%1.9%144.5K-1.6M-53.0K0.6514.76N/AN/A37424420,5127,064
2017-06-08$13.48$17.5035.1%9.9%30.7%14.8%29.9%1.4%2.3%144.6K-1.8M-52.8K0.6416.31N/AN/A34522120,5107,064
2017-06-09$13.83$17.5040.0%8.6%31.7%20.9%32.9%4.0%2.3%176.0K-2.7M-56.0K0.6618.18N/AN/A31320520,5107,045
2017-06-12$13.90$17.5036.9%8.9%30.8%17.0%35.3%6.6%3.1%185.4K-2.9M-56.5K0.6518.78N/AN/A31720520,5257,045
2017-06-13$13.98$17.5045.3%9.1%30.2%27.7%32.6%7.4%1.8%253.7K-2.9M-56.5K0.3423.05N/AN/A45915620,5257,045
2017-06-14$13.98$17.5030.1%8.6%24.8%8.3%33.0%6.5%0.3%193.0K-3.0M-56.7K0.3133.98N/AN/A45914420,5247,045
2017-06-15$13.50$17.5031.7%9.1%26.0%10.4%39.1%-1.2%8.8%133.9K-1.6M-50.8K0.3317.43N/AN/A43514520,5237,044
2017-06-16$13.43$17.5032.5%9.3%26.0%11.3%32.6%0.5%2.6%170.2K-1.5M-50.2K0.4719.68N/AN/A31915020,5537,029
2017-06-19$13.78$17.5028.3%8.1%25.7%6.1%33.6%5.2%2.4%184.2K-2.8M-53.0K0.4625.79N/AN/A30714117,2275,266
2017-06-20$13.80$17.5030.2%8.7%25.8%8.5%32.2%5.1%3.4%182.5K-2.9M-52.6K0.4621.73N/AN/A31114317,2675,263
2017-06-21$13.38$17.5034.0%9.7%29.0%13.3%36.1%-0.1%6.5%173.5K-1.8M-48.4K0.4820.54N/AN/A31815317,2715,259
2017-06-22$13.28$17.5033.9%9.7%29.4%13.2%28.4%7.4%2.5%170.9K-1.7M-48.8K0.5127.55N/AN/A32016417,2865,277
2017-06-23$13.65$17.5030.7%8.8%29.3%9.1%25.3%10.2%13.9%174.5K-2.4M-50.4K0.3728.74N/AN/A44316617,2945,277
2017-06-26$13.75$17.5032.6%9.4%28.8%11.6%22.0%16.5%12.1%188.2K-2.9M-51.3K0.3517.05N/AN/A47016317,3155,277
2017-06-27$13.75$15.0036.8%10.6%28.7%16.9%38.5%3.0%7.4%189.0K-3.0M-51.8K0.3259.76N/AN/A53516917,3035,257
2017-06-28$14.20$15.0034.4%9.9%29.7%13.8%35.7%9.3%2.6%194.6K-4.0M-54.3K0.3817.25N/AN/A44517017,2585,273
2017-06-29$14.33$17.5032.3%9.3%29.6%11.2%31.8%-4.4%4.6%201.5K-4.5M-55.0K0.3917.42N/AN/A45117517,1655,275
2017-06-30$14.35$17.5029.3%8.4%29.6%7.3%28.9%-3.5%6.8%204.5K-4.8M-55.9K0.3616.08N/AN/A49117517,2575,280