TIME Options History — January 2018

In January 2018, TIME traded between $18.45 and $18.55. ATM implied volatility averaged 26.0%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 22.1% (HV 20d: 3.9%). Max pain ranged from $12.50 to $20.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 1.34.

Notable Days

  • 2018-01-08: Highest Volume — 1,097 contracts
  • 2018-01-26: Largest IV spike — 596.8% change
  • 2018-01-30: Highest IV Rank — 68.4%
  • 2018-01-30: Largest Expected Move — 20.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.49$18.45$18.55$18.45$18.50
Max Pain$15.75$12.50$20.00$15.00$12.50
ATM IV26.0%7.4%72.2%20.6%72.2%
Expected Move7.4%2.1%20.7%5.9%20.7%
HV 20d3.9%2.3%6.6%6.6%2.5%
HV 60d67.8%65.2%69.5%69.5%65.2%
IV Rank18.3%0.0%68.4%9.5%68.4%
IV Percentile26.5%0.0%97.2%6.0%97.2%
Term Structure-21.5%-126.3%52.9%49.9%-126.3%
VWIV45.7%7.4%133.3%30.6%133.3%
Skew 25d-1.0%-10.6%22.8%-4.0%-5.9%
Skew 10d-6.9%-106.4%25.9%-4.8%2.2%
Call IV 25d13.5%8.4%24.9%18.4%18.5%
Put IV 25d12.5%7.3%31.7%14.4%12.7%
Bid-Ask Spread %72.8462.06108.8362.0676.13
Gamma HHI0.540.420.950.590.51
Net GEX53.7K-24.5K187.8K150.8K39.5K
Net DEX-12.5M-18.6M-4.1M-18.1M-4.5M
Net VEX-22.1K-31.9K-1.9K-25.8K-31.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.742.050.831.12
Total Volume943.27621,097953937
Total OI19,549.5511,91724,32224,02112,239

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-01-02$18.45$15.0020.6%5.9%6.6%9.5%30.6%-4.0%49.9%150.8K-18.1M-25.8K0.8362.06N/AN/A52143214,9439,078
2018-01-03$18.52$15.0020.5%5.9%6.5%9.4%47.0%2.8%52.9%187.8K-17.2M-29.6K0.9371.42N/AN/A52148415,0549,126
2018-01-04$18.50$20.0017.5%13.0%5.4%6.1%0.0%-4.4%-72.2%142.8K-18.4M-26.8K0.94108.83N/AN/A52149115,0549,120
2018-01-05$18.50$20.0013.4%2.2%4.8%1.5%0.0%-0.3%-3.1%101.2K-18.6M-24.3K0.8665.54N/AN/A52144815,0549,120
2018-01-08$18.48$20.0020.8%2.3%4.6%9.7%0.0%1.6%-3.6%22.8K-17.9M-22.4K0.7474.54N/AN/A62946815,0549,175
2018-01-09$18.48$20.0022.0%2.4%4.6%11.0%9.2%-1.5%-3.7%155.8K-18.2M-26.2K1.0664.80N/AN/A52855815,1279,195
2018-01-10$18.48$17.507.4%2.1%4.6%0.0%7.4%-1.0%2.5%75.8K-15.5M-23.9K1.9072.99N/AN/A31259213,5549,290
2018-01-11$18.50$17.5010.2%2.9%4.5%3.0%7.4%-0.4%-2.9%-24.5K-16.2M-2.9K2.0580.99N/AN/A28658713,5769,442
2018-01-12$18.45$17.508.0%2.3%4.3%0.6%8.6%-2.1%-0.3%44.8K-16.0M-5.5K1.8365.13N/AN/A32058713,5889,447
2018-01-16$18.48$17.508.2%2.3%3.6%0.8%8.3%-1.2%-3.8%19.2K-15.9M-31.3K1.8065.08N/AN/A32758713,5769,447
2018-01-17$18.48$17.5055.6%15.9%3.6%50.9%103.0%-6.2%-98.5%22.9K-15.9M-31.4K1.6168.34N/AN/A36458713,5949,447
2018-01-18$18.48$17.508.5%2.4%3.0%1.1%18.0%-1.8%-4.1%24.2K-16.0M-31.5K1.6464.58N/AN/A36259213,6469,447
2018-01-19$18.52$12.5056.1%16.1%3.1%51.4%103.4%-10.6%-98.5%33.4K-14.6M-25.6K1.5371.93N/AN/A38258613,6469,449
2018-01-22$18.50$12.5059.5%17.1%3.0%55.0%109.9%-3.7%-36.1%-12.4K-4.1M-12.1K1.9980.06N/AN/A2555076,6675,250
2018-01-23$18.50$12.508.9%2.5%2.9%1.5%8.5%2.9%-2.1%-11.7K-4.4M-2.3K1.3074.14N/AN/A3834986,6675,250
2018-01-24$18.50$12.509.1%2.6%2.9%1.8%8.7%0.8%1.6%-17.9K-4.6M-1.9K1.3568.88N/AN/A3704986,7895,250
2018-01-25$18.50$12.509.3%2.7%2.8%2.0%8.9%22.8%-2.3%33.1K-4.4M-31.6K1.1272.81N/AN/A4434986,9025,250
2018-01-26$18.50$12.5064.9%18.6%2.3%60.8%120.0%-4.8%-113.3%39.1K-4.5M-31.9K1.1276.27N/AN/A4434986,9895,250
2018-01-29$18.55$12.5027.6%7.9%2.5%21.3%44.1%-3.7%34.5%47.7K-4.6M-22.8K1.1272.36N/AN/A4434986,9895,250
2018-01-30$18.50$12.5072.2%20.7%2.5%68.4%133.3%-5.9%-126.3%39.5K-4.5M-31.5K1.1276.13N/AN/A4434946,9895,250