TIME Options History — August 2017

In August 2017, TIME traded between $12.28 and $14.13. ATM implied volatility averaged 41.3%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 17.6% (HV 20d: 23.7%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 14 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 2.54.

Notable Days

2017-08-01: Highest Volume — 13,292 contracts
2017-08-08: Largest IV drop — 32.8% change
2017-08-07: Highest IV Rank — 45.8%
2017-08-01: Largest Expected Move — 14.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.14	$12.28	$14.13	$14.13	$13.13
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	41.3%	29.9%	59.5%	49.8%	29.9%
Expected Move	11.4%	8.6%	14.3%	14.3%	8.6%
HV 20d	23.7%	19.6%	26.5%	25.8%	24.1%
HV 60d	28.9%	25.4%	42.7%	42.5%	26.1%
IV Rank	22.6%	8.1%	45.8%	33.5%	8.1%
IV Percentile	53.5%	11.1%	93.3%	89.3%	11.1%
Term Structure	-0.4%	-7.6%	10.7%	-7.4%	10.7%
VWIV	41.2%	33.4%	63.6%	61.0%	33.6%
Skew 25d	2.8%	-11.8%	14.3%	14.3%	10.5%
Skew 10d	6.1%	-19.1%	34.6%	21.3%	10.6%
Call IV 25d	38.4%	24.4%	49.3%	45.9%	24.4%
Put IV 25d	41.2%	33.2%	62.1%	60.2%	35.0%
Bid-Ask Spread %	17.70	6.97	43.43	16.79	31.72
Gamma HHI	0.47	0.40	0.72	0.40	0.51
Net GEX	-33.4K	-676.2K	82.7K	51.7K	82.7K
Net DEX	46.1K	-1.7M	7.2M	-1.7M	-948.3K
Net VEX	-31.9K	-42.3K	-25.0K	-42.3K	-28.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.54	0.16	8.99	0.29	1.52
Total Volume	2,238.652	473	13,292	13,292	821
Total OI	21,206.174	18,181	24,269	22,286	18,532

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2017-08-01	$14.13	$12.50	49.8%	14.3%	25.8%	33.5%	61.0%	14.3%	-7.4%	51.7K	-1.7M	-42.3K	0.29	16.79	N/A	N/A	10,284	3,008	12,132	10,154
2017-08-02	$13.83	$12.50	46.0%	13.2%	25.3%	28.6%	63.6%	12.8%	-7.6%	9.3K	-1.0M	-39.2K	6.64	15.38	N/A	N/A	374	2,483	12,128	10,154
2017-08-03	$13.55	$12.50	55.4%	12.9%	26.1%	40.6%	40.1%	2.8%	-2.2%	-73.1K	-615.3K	-36.7K	8.35	14.98	N/A	N/A	296	2,471	12,235	10,160
2017-08-04	$13.70	$12.50	55.9%	13.1%	26.5%	41.2%	41.5%	4.3%	-1.7%	-55.2K	-935.9K	-37.5K	8.73	28.56	N/A	N/A	281	2,454	12,213	10,158
2017-08-07	$13.75	$12.50	59.5%	14.1%	26.4%	45.8%	47.8%	8.3%	-5.9%	-10.8K	-1.0M	-36.8K	1.58	43.43	N/A	N/A	568	899	12,207	10,162
2017-08-08	$13.90	$12.50	40.0%	11.1%	25.4%	20.9%	47.1%	9.1%	-0.7%	21.1K	-1.3M	-37.3K	8.99	42.41	N/A	N/A	990	8,901	12,341	10,906
2017-08-09	$13.63	$12.50	45.4%	13.0%	25.5%	27.9%	45.6%	5.5%	-0.9%	-34.8K	-1.4M	-37.2K	0.66	18.97	N/A	N/A	383	252	12,810	9,958
2017-08-10	$13.55	$12.50	43.9%	12.6%	24.4%	26.0%	44.0%	2.3%	-2.2%	-90.7K	-1.0M	-36.3K	0.37	19.83	N/A	N/A	381	140	12,851	9,989
2017-08-11	$13.53	$12.50	43.1%	12.4%	22.9%	24.9%	41.7%	2.4%	0.7%	-90.4K	-1.1M	-35.2K	0.42	12.37	N/A	N/A	333	140	12,848	10,004
2017-08-14	$13.48	$12.50	44.2%	12.7%	22.4%	26.3%	41.7%	2.9%	-0.8%	66.0K	-1.5M	-32.6K	0.33	16.01	N/A	N/A	410	134	12,844	10,003
2017-08-15	$13.33	$12.50	41.6%	11.9%	22.6%	23.0%	41.3%	0.7%	1.0%	-118.3K	-483.7K	-32.1K	0.28	13.76	N/A	N/A	529	147	12,857	10,003
2017-08-16	$12.95	$12.50	39.3%	11.3%	23.5%	20.1%	40.3%	-3.6%	-0.2%	-341.3K	435.6K	-30.6K	0.28	15.09	N/A	N/A	534	152	13,008	10,040
2017-08-17	$12.70	$12.50	38.4%	11.0%	24.0%	18.9%	38.4%	-7.7%	-0.9%	-676.2K	1.5M	-30.4K	0.73	17.48	N/A	N/A	887	651	13,215	10,040
2017-08-18	$12.40	$12.50	37.1%	10.6%	24.4%	17.2%	38.5%	-11.8%	1.4%	50.4K	7.2M	-28.0K	0.18	16.55	N/A	N/A	1,647	296	13,762	10,507
2017-08-21	$12.28	$12.50	37.0%	10.6%	22.2%	17.1%	37.8%	-11.2%	1.4%	52.5K	1.0M	-25.9K	0.16	6.97	N/A	N/A	1,069	174	12,875	5,306
2017-08-22	$12.28	$12.50	36.6%	10.5%	21.6%	16.6%	36.6%	2.0%	-0.4%	51.3K	1.0M	-25.5K	2.59	10.07	N/A	N/A	390	1,009	12,924	5,318
2017-08-23	$12.35	$12.50	33.7%	9.7%	19.6%	13.0%	33.6%	1.8%	2.2%	40.5K	1.4M	-25.0K	2.58	9.46	N/A	N/A	391	1,009	12,925	5,955
2017-08-24	$12.68	$12.50	34.1%	9.8%	22.9%	13.4%	34.0%	4.9%	1.5%	59.2K	534.7K	-27.9K	2.93	8.94	N/A	N/A	344	1,009	12,944	5,955
2017-08-25	$12.68	$12.50	34.0%	9.7%	23.0%	13.3%	34.0%	2.0%	1.2%	55.4K	577.4K	-27.7K	3.04	10.87	N/A	N/A	344	1,045	12,976	5,955
2017-08-28	$12.75	$12.50	36.0%	10.3%	22.4%	15.8%	35.9%	3.2%	0.1%	70.1K	454.4K	-26.5K	3.29	10.29	N/A	N/A	318	1,046	12,976	5,995
2017-08-29	$12.85	$12.50	35.7%	10.2%	22.9%	15.4%	35.8%	3.7%	-0.4%	58.1K	309.7K	-26.8K	2.70	12.55	N/A	N/A	388	1,046	12,981	5,974
2017-08-30	$12.75	$12.50	33.5%	9.6%	22.0%	12.6%	33.4%	4.9%	2.1%	54.3K	-408.6K	-27.0K	1.73	14.70	N/A	N/A	388	673	13,051	5,411
2017-08-31	$13.13	$12.50	29.9%	8.6%	24.1%	8.1%	33.6%	10.5%	10.7%	82.7K	-948.3K	-28.1K	1.52	31.72	N/A	N/A	326	495	13,053	5,479