VOX Options History — May 2008

In May 2008, VOX traded between $66.71 and $69.17. ATM implied volatility averaged 47.5%, placing in the 41.3% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 29.6% (HV 20d: 17.9%). Max pain ranged from $65.00 to $65.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2008-05-16: Highest Volume — 5 contracts
2008-05-15: Largest IV drop — 71.9% change
2008-05-14: Highest IV Rank — 100.0%
2008-05-01: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$67.79	$66.71	$69.17	$67.74	$69.17
Max Pain	$65.00	$65.00	$65.00	$65.00	$65.00
ATM IV	47.5%	28.6%	101.8%	44.4%	37.0%
Expected Move	9.1%	7.5%	12.7%	12.7%	10.6%
HV 20d	17.9%	14.8%	21.7%	21.7%	14.8%
HV 60d	24.2%	23.0%	25.5%	25.4%	23.0%
IV Rank	41.3%	16.6%	100.0%	39.4%	26.1%
IV Percentile	66.7%	30.2%	100.0%	79.0%	58.7%
Term Structure	-5.8%	-14.8%	-0.9%	-14.8%	-10.9%
VWIV	27.8%	27.8%	27.8%	27.8%	27.8%
Skew 25d	2.8%	0.3%	29.4%	21.3%	0.5%
Skew 10d	5.2%	2.5%	46.5%	3.9%	3.3%
Call IV 25d	42.9%	35.8%	53.0%	40.9%	51.7%
Put IV 25d	45.7%	37.6%	65.1%	62.2%	52.2%
Bid-Ask Spread %	142.19	136.61	158.69	158.69	144.00
Gamma HHI	0.53	0.50	0.59	0.51	0.59
Net GEX	2.2K	1.6K	3.1K	1.7K	3.1K
Net DEX	-40.9K	-58.2K	-30.1K	-34.0K	-58.2K
Net VEX	-109	-130	-91	-102	-113
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.238	0	5	0	0
Total OI	10.143	8	13	8	13

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI
2008-05-01	$67.74	$0.00	44.4%	12.7%	21.7%	39.4%	0.0%	21.3%	-14.8%	1.7K	-34.0K	-102	158.69	N/A	N/A	0	8
2008-05-02	$68.04	$0.00	35.8%	10.3%	20.9%	28.2%	0.0%	29.4%	-10.3%	1.6K	-34.0K	-102	149.08	N/A	N/A	0	8
2008-05-05	$67.30	$65.00	51.5%	7.7%	21.4%	48.7%	0.0%	0.3%	-0.9%	1.6K	-31.8K	-101	138.87	N/A	N/A	0	8
2008-05-06	$67.61	$65.00	53.6%	7.5%	21.4%	51.4%	0.0%	0.3%	-1.8%	1.6K	-32.9K	-101	139.35	N/A	N/A	0	8
2008-05-07	$67.03	$65.00	56.5%	7.8%	19.7%	55.3%	0.0%	0.4%	-2.0%	1.6K	-31.3K	-101	139.31	N/A	N/A	0	8
2008-05-08	$67.08	$65.00	59.6%	7.7%	19.6%	59.2%	0.0%	0.4%	-1.0%	1.7K	-30.7K	-101	139.36	N/A	N/A	0	8
2008-05-09	$66.73	$65.00	63.3%	7.8%	18.0%	64.1%	0.0%	0.4%	-2.2%	1.7K	-30.1K	-99	139.49	N/A	N/A	0	8
2008-05-12	$67.24	$65.00	79.8%	8.2%	17.8%	85.5%	0.0%	0.4%	-2.5%	1.7K	-31.7K	-97	140.27	N/A	N/A	0	8
2008-05-13	$67.40	$65.00	89.0%	8.3%	17.8%	97.5%	0.0%	0.4%	-2.2%	1.7K	-32.1K	-96	140.50	N/A	N/A	0	8
2008-05-14	$68.19	$65.00	101.8%	8.2%	16.7%	100.0%	0.0%	0.4%	-2.6%	1.6K	-34.3K	-95	140.72	N/A	N/A	0	8
2008-05-15	$68.90	$65.00	28.6%	8.2%	16.2%	16.6%	0.0%	0.4%	-3.9%	1.6K	-36.6K	-93	141.27	N/A	N/A	0	8
2008-05-16	$69.08	$65.00	28.9%	8.3%	15.7%	17.0%	27.8%	0.4%	-3.8%	1.6K	-37.0K	-91	141.35	N/A	N/A	5	8
2008-05-19	$69.07	$65.00	30.2%	8.7%	15.8%	18.4%	0.0%	0.4%	-5.4%	2.9K	-57.5K	-130	141.83	N/A	N/A	0	13
2008-05-20	$67.90	$65.00	31.2%	8.9%	16.9%	19.5%	0.0%	0.5%	-6.1%	3.0K	-51.6K	-130	141.82	N/A	N/A	0	13
2008-05-21	$66.86	$65.00	32.2%	9.2%	16.6%	20.6%	0.0%	0.5%	-6.3%	3.0K	-45.9K	-130	141.80	N/A	N/A	0	13
2008-05-22	$67.32	$65.00	32.6%	9.3%	16.5%	21.1%	0.0%	0.5%	-6.6%	3.1K	-48.2K	-129	136.61	N/A	N/A	0	13
2008-05-23	$66.71	$65.00	33.3%	9.5%	16.7%	21.9%	0.0%	0.5%	-8.4%	3.0K	-44.9K	-127	141.87	N/A	N/A	0	13
2008-05-27	$67.23	$65.00	35.7%	10.2%	16.9%	24.7%	0.0%	0.5%	-9.1%	3.1K	-47.7K	-121	142.87	N/A	N/A	0	13
2008-05-28	$67.94	$65.00	36.0%	10.3%	17.0%	25.0%	0.0%	0.5%	-10.1%	3.1K	-51.6K	-119	143.26	N/A	N/A	0	13
2008-05-29	$69.06	$65.00	37.2%	10.7%	17.6%	26.4%	0.0%	0.4%	-11.6%	3.0K	-57.0K	-115	143.60	N/A	N/A	0	13
2008-05-30	$69.17	$65.00	37.0%	10.6%	14.8%	26.1%	0.0%	0.5%	-10.9%	3.1K	-58.2K	-113	144.00	N/A	N/A	0	13