A Options History — June 2009

In June 2009, A traded between $13.15 and $14.61. ATM implied volatility averaged 36.5%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded below realized volatility by 1.2% (HV 20d: 37.7%). Max pain ranged from $12.52 to $14.31. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 1.13.

Notable Days

  • 2009-06-11: Highest Volume — 9,523 contracts
  • 2009-06-22: Largest IV spike — 17.1% change
  • 2009-06-17: Highest IV Rank — 24.1%
  • 2009-06-17: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.85$13.15$14.61$13.51$14.53
Max Pain$12.84$12.52$14.31$14.31$12.52
ATM IV36.5%31.8%42.0%37.7%32.8%
Expected Move10.5%9.1%12.0%10.8%9.4%
HV 20d37.7%29.9%45.4%45.1%32.5%
HV 60d45.7%39.7%50.4%50.1%40.1%
IV Rank17.3%11.6%24.1%18.8%12.8%
IV Percentile21.0%11.5%32.5%27.4%11.5%
Term Structure4.7%0.3%7.8%0.3%6.9%
VWIV37.0%31.7%41.5%38.9%32.4%
Skew 25d5.9%3.9%7.4%5.8%4.7%
Skew 10d12.6%3.5%23.3%20.9%8.6%
Call IV 25d34.8%30.8%37.3%37.1%31.3%
Put IV 25d40.7%35.6%44.3%42.9%36.0%
Bid-Ask Spread %3.542.365.294.523.91
Gamma HHI0.330.210.440.350.30
Net GEX581.4K272.8K930.0K415.5K623.2K
Net DEX-17.8M-27.5M-7.8M-13.0M-27.2M
Net VEX-132.6K-145.8K-120.5K-130.5K-137.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.215.180.552.50
Total Volume3,749.3181,1699,5232,3461,843
Total OI81,065.13671,87788,48972,45585,453

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-06-01$13.51$14.3137.7%10.8%45.1%18.8%38.9%5.8%0.3%415.5K-13.0M-130.5K0.554.52N/AN/A1,51483239,25233,203
2009-06-02$13.98$14.3137.7%10.8%45.4%18.8%38.5%5.9%0.4%570.2K-19.3M-131.9K0.574.83N/AN/A4,2542,41940,04733,323
2009-06-03$13.83$14.3137.0%10.6%43.6%17.9%37.5%5.0%1.1%618.0K-18.1M-138.1K1.394.43N/AN/A1,3731,91443,00033,973
2009-06-04$14.33$14.3136.4%10.4%44.4%17.2%36.6%3.9%1.7%698.1K-24.0M-142.7K0.232.36N/AN/A3,55283543,50635,286
2009-06-05$14.23$12.5236.1%10.8%43.5%16.9%39.0%6.2%4.4%774.2K-23.5M-145.8K1.224.92N/AN/A8421,03045,55535,608
2009-06-08$14.05$12.5237.7%10.9%42.6%18.7%38.5%5.9%4.3%749.7K-20.1M-138.9K0.693.60N/AN/A70948745,40335,712
2009-06-09$14.11$12.5234.8%10.4%41.4%15.2%36.2%5.8%5.4%836.8K-20.6M-135.6K0.213.87N/AN/A3,50974745,22935,393
2009-06-10$13.91$12.5233.3%10.3%41.7%13.4%39.0%6.2%5.7%889.3K-19.5M-136.0K5.182.85N/AN/A2951,52847,12035,471
2009-06-11$14.11$12.5235.8%10.3%37.1%16.5%34.8%5.9%5.2%930.0K-21.3M-136.5K0.995.29N/AN/A4,7804,74347,20336,505
2009-06-12$13.85$12.5235.4%10.1%37.7%16.0%36.4%6.6%5.4%882.6K-18.5M-134.1K0.442.51N/AN/A1,65873349,45735,203
2009-06-15$13.51$12.5236.4%10.4%36.1%17.2%41.5%6.9%5.2%619.9K-13.4M-128.2K0.962.54N/AN/A1,3701,31749,45635,311
2009-06-16$13.28$12.5241.7%12.0%36.6%23.7%38.6%7.2%4.2%407.7K-10.4M-123.2K0.522.95N/AN/A3,1711,65449,47935,192
2009-06-17$13.15$12.5242.0%12.0%35.6%24.1%40.1%7.4%3.6%272.8K-7.8M-121.0K0.553.50N/AN/A4,5632,51549,40736,054
2009-06-18$13.39$12.5241.7%12.0%35.8%23.8%40.3%7.0%3.7%347.7K-10.3M-123.8K0.213.56N/AN/A96620351,02837,461
2009-06-19$13.51$12.5234.6%9.9%29.9%15.0%35.6%6.2%6.1%368.2K-11.4M-123.7K1.083.65N/AN/A57962551,12937,293
2009-06-22$13.16$12.5240.5%11.6%31.7%22.3%37.3%6.6%5.2%311.9K-10.5M-120.5K0.383.46N/AN/A2,9931,13140,80231,075
2009-06-23$13.27$12.5239.7%11.4%31.0%21.3%40.6%5.5%5.7%378.0K-12.1M-122.8K4.223.09N/AN/A1,7017,17542,12331,743
2009-06-24$13.60$12.5233.7%9.6%31.8%13.8%34.7%4.8%7.0%363.2K-14.2M-135.9K0.884.41N/AN/A68860842,95536,871
2009-06-25$14.28$12.5232.9%9.4%35.7%12.9%33.5%5.5%7.5%484.3K-22.2M-138.3K0.422.74N/AN/A2,7191,14243,12637,054
2009-06-26$14.58$12.5231.8%9.1%36.0%11.6%31.7%4.5%7.8%605.3K-26.5M-137.0K0.732.46N/AN/A2,2091,60544,27037,176
2009-06-29$14.61$12.5232.7%9.4%34.3%12.7%32.7%5.4%6.9%643.1K-27.5M-135.7K1.012.50N/AN/A1,9701,98445,62937,897
2009-06-30$14.53$12.5232.8%9.4%32.5%12.8%32.4%4.7%6.9%623.2K-27.2M-137.7K2.503.91N/AN/A5271,31646,57738,876