A Options History — October 2007

In October 2007, A traded between $25.65 and $27.49. ATM implied volatility averaged 31.4%, placing in the 28.6% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 14.9% (HV 20d: 16.5%). Max pain ranged from $25.04 to $26.82. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.70.

Notable Days

  • 2007-10-09: Highest Volume — 7,870 contracts
  • 2007-10-11: Largest IV spike — 38.8% change
  • 2007-10-30: Highest IV Rank — 55.6%
  • 2007-10-30: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.66$25.65$27.49$26.47$26.36
Max Pain$25.35$25.04$26.82$26.82$25.04
ATM IV31.4%21.3%44.5%23.6%42.3%
Expected Move9.4%6.3%12.7%6.8%12.1%
HV 20d16.5%12.3%22.8%14.5%22.8%
HV 60d33.1%32.8%33.8%32.8%33.8%
IV Rank28.6%7.8%55.6%12.6%51.1%
IV Percentile71.3%17.3%97.1%42.2%95.2%
Term Structure-3.4%-10.0%6.4%4.9%-10.0%
VWIV32.5%21.9%44.4%23.6%41.7%
Skew 25d3.0%1.5%4.0%3.4%2.1%
Skew 10d5.1%0.8%7.0%6.4%3.4%
Call IV 25d31.3%21.0%43.3%22.8%41.6%
Put IV 25d34.2%25.0%46.5%26.3%43.7%
Bid-Ask Spread %5.172.806.563.816.41
Gamma HHI0.300.250.380.300.31
Net GEX2.6M1.7M4.0M1.7M2.8M
Net DEX-45.1M-69.6M-22.2M-35.0M-39.2M
Net VEX-462.2K-488.5K-436.2K-436.2K-466.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.021.760.041.00
Total Volume3,383.1745057,8705,8862,017
Total OI101,371.91387,250111,54287,250111,542

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-10-01$26.47$26.8223.6%6.8%14.5%12.6%23.6%3.4%4.9%1.7M-35.0M-436.2K0.043.81N/AN/A5,63724953,88033,370
2007-10-02$26.47$26.8223.8%6.8%14.5%13.0%24.2%3.0%4.8%1.9M-37.3M-442.0K0.524.43N/AN/A33317256,53733,435
2007-10-03$26.34$26.8222.4%6.4%14.3%10.1%22.4%3.2%6.0%1.9M-34.5M-438.1K0.364.85N/AN/A2,59992556,63333,429
2007-10-04$26.61$26.8221.9%6.3%14.2%9.1%21.9%4.0%6.4%2.3M-42.5M-445.9K0.365.49N/AN/A69825058,49133,562
2007-10-05$27.03$25.0421.3%8.0%14.7%7.8%28.0%3.1%-2.1%2.5M-51.9M-443.9K1.255.43N/AN/A1,8972,37958,56933,482
2007-10-08$27.10$25.0422.4%8.5%14.4%10.1%27.4%3.6%-3.2%2.5M-55.1M-453.8K0.055.95N/AN/A2,1199659,93435,048
2007-10-09$27.30$25.0422.1%8.5%14.5%9.4%30.5%3.6%-3.3%2.6M-60.0M-452.9K0.025.45N/AN/A7,75111960,05835,066
2007-10-10$27.09$25.0422.0%8.5%14.9%9.2%29.4%2.6%-3.5%3.0M-59.1M-477.6K0.745.95N/AN/A53439667,00135,151
2007-10-11$26.67$25.0430.5%8.7%16.1%26.8%30.5%2.7%-3.8%2.8M-47.3M-472.2K1.475.10N/AN/A7971,17267,17435,270
2007-10-12$26.90$25.0430.2%8.7%16.2%26.2%30.6%2.7%-3.6%3.0M-51.8M-476.4K1.005.09N/AN/A31531567,26335,919
2007-10-15$27.31$25.0432.4%9.3%16.7%30.6%31.8%3.5%-4.5%3.1M-65.7M-474.6K0.745.92N/AN/A2,7642,03767,38536,081
2007-10-16$27.40$25.0433.4%9.6%12.6%32.7%32.2%3.4%-4.9%3.1M-68.8M-486.9K0.445.69N/AN/A4,2501,86668,86437,027
2007-10-17$27.45$25.0433.0%9.5%12.7%32.0%32.4%3.3%-4.5%3.0M-68.1M-488.5K0.615.73N/AN/A1,07666069,07837,817
2007-10-18$27.49$25.0433.0%9.5%12.3%31.9%33.4%3.1%-4.5%3.0M-69.6M-484.7K0.496.28N/AN/A1,30664069,44337,802
2007-10-19$26.68$25.0434.9%10.0%16.6%35.9%35.0%3.5%-5.7%4.0M-43.8M-477.1K1.356.15N/AN/A2,1362,88069,55137,982
2007-10-22$26.18$25.0433.6%9.6%17.7%33.1%34.5%3.1%-3.9%2.2M-30.9M-458.8K1.013.26N/AN/A1,3871,39867,20235,108
2007-10-23$26.70$25.0435.1%10.1%18.9%36.3%35.3%2.9%-5.4%2.5M-43.7M-467.6K0.416.56N/AN/A2,4871,02867,78935,463
2007-10-24$26.39$25.0437.1%10.6%19.4%40.4%37.7%2.5%-6.3%2.4M-39.0M-474.0K1.765.72N/AN/A1,6302,86769,16335,825
2007-10-25$25.92$25.0440.1%11.5%20.4%46.6%39.6%1.5%-6.8%2.1M-26.1M-457.3K0.524.47N/AN/A3,3541,73668,98635,765
2007-10-26$25.77$25.0439.3%11.3%20.5%44.8%38.8%1.9%-5.8%2.1M-23.6M-455.3K1.102.95N/AN/A1,2161,33470,62735,861
2007-10-29$25.77$25.0443.0%12.3%20.4%52.5%42.6%2.2%-9.0%2.1M-23.1M-447.4K0.532.80N/AN/A4,6462,44270,65135,861
2007-10-30$25.65$25.0444.5%12.7%20.4%55.6%44.4%3.3%-9.8%2.2M-22.2M-451.4K0.435.29N/AN/A1,33157273,81737,592
2007-10-31$26.36$25.0442.3%12.1%22.8%51.1%41.7%2.1%-10.0%2.8M-39.2M-466.9K1.006.41N/AN/A1,0091,00873,98537,557