TIME Options History — September 2023

In September 2023, TIME traded between $21.75 and $23.18. ATM implied volatility averaged 64.2%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 49.8% (HV 20d: 14.4%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 0 of 20 days.

Notable Days

  • 2023-09-12: Largest IV spike — 250.4% change
  • 2023-09-12: Highest IV Rank — 68.1%
  • 2023-09-20: Largest Expected Move — 33.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.58$21.75$23.18$22.95$22.04
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV64.2%34.5%303.9%49.5%44.6%
Expected Move12.8%9.3%33.3%14.2%12.8%
HV 20d14.4%13.4%15.8%14.7%13.5%
HV 60d14.9%14.5%15.3%15.0%15.1%
IV Rank7.7%0.2%68.1%4.0%2.8%
IV Percentile23.6%0.8%98.8%18.3%17.5%
Term Structure-8.7%-20.9%-4.0%-19.0%-11.6%
Skew 25d5.2%-124.4%213.6%-8.2%0.4%
Skew 10d8.0%3.1%57.6%3.9%4.0%
Call IV 25d58.7%38.7%185.3%63.4%57.3%
Put IV 25d63.9%40.8%277.0%55.2%57.7%
Bid-Ask Spread %146.98142.56157.66142.56148.89
Gamma HHI1.001.001.001.001.00
Net GEX16804443870
Net DEX-4.1K-11.4K0-7.8K0
Net VEX-2-80-80
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI2.50550

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$22.95$22.0049.5%14.2%14.7%4.0%0.0%-8.2%-19.0%387-7.8K-80.00142.56N/AN/A0050
2023-09-05$23.06$0.0059.2%9.5%14.6%6.5%0.0%2.1%-5.1%351-7.9K-70.00146.21N/AN/A0050
2023-09-06$22.87$0.0060.9%9.3%14.7%6.9%0.0%1.3%-4.5%367-7.5K-70.00145.60N/AN/A0050
2023-09-07$22.89$0.0064.6%9.5%14.2%7.8%0.0%1.8%-4.0%391-7.7K-60.00147.20N/AN/A0050
2023-09-08$22.88$0.0068.0%9.6%14.2%8.7%0.0%1.4%-5.7%375-7.6K-60.00146.51N/AN/A0050
2023-09-11$23.16$0.0086.7%9.6%14.6%13.4%0.0%1.3%-5.1%393-8.3K-40.00146.34N/AN/A0050
2023-09-12$23.00$0.00303.9%24.6%14.6%68.1%0.0%3.4%-20.9%211-7.2K-40.00157.66N/AN/A0050
2023-09-13$23.01$0.0034.7%10.0%14.0%0.3%0.0%1.2%-5.9%443-8.2K-30.00147.22N/AN/A0050
2023-09-14$23.18$0.0035.0%10.0%13.8%0.4%0.0%1.1%-6.0%444-8.7K-20.00146.25N/AN/A0050
2023-09-15$22.84$0.0034.5%9.9%14.5%0.2%0.0%0.9%-6.4%0-11.4K00.00145.73N/AN/A0050
2023-09-18$22.79$0.0037.0%10.6%14.5%0.9%0.0%0.9%-7.2%0000.00147.19N/AN/A0000
2023-09-19$22.77$0.0036.2%10.4%14.1%0.7%0.0%1.0%-6.8%0000.00146.22N/AN/A0000
2023-09-20$22.52$0.00116.3%33.3%14.6%20.8%0.0%-124.4%-7.8%0000.00153.38N/AN/A0000
2023-09-21$22.02$0.0039.5%11.3%15.8%1.5%0.0%1.3%-8.6%0000.00145.89N/AN/A0000
2023-09-22$22.00$0.0040.2%11.5%14.8%1.7%0.0%1.6%-8.1%0000.00145.64N/AN/A0000
2023-09-25$22.02$0.0042.5%12.2%14.8%2.2%0.0%213.6%-9.1%0000.00145.83N/AN/A0000
2023-09-26$21.75$0.0043.0%12.3%15.3%2.4%0.0%0.9%-11.1%0000.00145.59N/AN/A0000
2023-09-27$21.80$0.0043.9%12.6%13.4%2.6%0.0%1.4%-11.1%0000.00145.20N/AN/A0000
2023-09-28$22.02$0.0043.6%12.5%13.9%2.5%0.0%1.6%-10.5%0000.00144.57N/AN/A0000
2023-09-29$22.04$0.0044.6%12.8%13.5%2.8%0.0%0.4%-11.6%0000.00148.89N/AN/A0000