A Options History — October 2014

In October 2014, A traded between $36.99 and $40.71. ATM implied volatility averaged 28.0%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 4.3% (HV 20d: 23.6%). Max pain ranged from $37.55 to $42.92. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.87.

Notable Days

  • 2014-10-15: Highest Volume — 30,508 contracts
  • 2014-10-09: Largest IV spike — 18.5% change
  • 2014-10-16: Highest IV Rank — 53.2%
  • 2014-10-16: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.78$36.99$40.71$40.20$39.57
Max Pain$40.12$37.55$42.92$42.92$37.55
ATM IV28.0%18.9%37.6%21.3%31.4%
Expected Move7.7%6.7%9.0%6.9%7.7%
HV 20d23.6%16.7%27.0%16.7%26.1%
HV 60d19.9%17.9%21.0%17.9%20.9%
IV Rank31.0%10.0%53.2%15.7%38.9%
IV Percentile65.2%17.9%93.3%41.7%80.2%
Term Structure-2.6%-6.2%5.6%3.6%-4.4%
VWIV27.6%23.8%31.5%23.9%28.1%
Skew 25d3.7%0.3%7.8%0.4%4.3%
Skew 10d6.6%-0.9%12.6%-0.9%10.7%
Call IV 25d29.0%20.1%36.9%21.1%31.3%
Put IV 25d32.8%20.7%42.0%21.5%35.6%
Bid-Ask Spread %33.1726.1044.4227.3437.08
Gamma HHI0.220.170.330.300.22
Net GEX6.0M2.3M11.3M9.7M7.0M
Net DEX-48.6M-93.4M12.3M-77.6M-86.1M
Net VEX-597.5K-642.3K-520.7K-641.7K-582.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.105.590.200.71
Total Volume5,968.56519530,5087596,161
Total OI139,147.565130,489164,263138,273133,270

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$40.20$42.9221.3%6.9%16.7%15.7%23.9%0.4%3.6%9.7M-77.6M-641.7K0.2027.34N/AN/A63212796,61741,656
2014-10-02$39.94$42.9220.8%6.9%16.8%14.4%0.0%2.2%4.8%8.9M-65.2M-622.9K0.2826.56N/AN/A1,62945096,68441,686
2014-10-03$40.71$42.9218.9%6.7%18.2%10.0%23.8%0.3%5.6%11.3M-93.4M-642.3K0.2227.53N/AN/A55112397,42141,789
2014-10-06$40.46$42.9219.7%6.8%18.3%11.9%0.0%1.7%-2.4%10.5M-84.5M-613.5K0.2426.89N/AN/A1573897,35741,816
2014-10-07$39.34$42.9219.6%6.9%20.7%11.6%23.8%2.0%-2.8%6.3M-42.7M-562.8K0.6230.87N/AN/A1,17973197,38041,816
2014-10-08$40.37$42.9219.2%6.8%22.9%10.7%25.4%2.1%-2.9%9.6M-78.2M-602.2K0.6727.77N/AN/A2,6341,75997,66442,031
2014-10-09$39.42$42.9222.7%7.1%24.3%18.9%25.3%2.2%-2.5%6.6M-47.5M-579.5K0.4626.10N/AN/A4,3281,98898,31042,162
2014-10-10$38.51$42.9225.8%7.5%24.2%26.0%26.5%1.3%-2.7%4.5M-24.4M-575.5K0.3431.61N/AN/A4,9781,713100,44242,607
2014-10-13$37.80$42.9227.5%7.9%24.6%29.8%27.2%2.6%-5.0%3.5M-9.4M-533.8K0.4333.04N/AN/A4,6722,031101,76642,551
2014-10-14$37.66$42.9229.4%7.9%24.6%34.4%27.6%3.4%-4.2%3.2M-2.5M-522.8K0.5228.37N/AN/A2,6491,380102,33842,962
2014-10-15$37.09$42.9232.7%8.9%23.4%41.9%30.5%7.8%-3.4%2.3M12.3M-520.7K0.1037.42N/AN/A27,6732,835102,04044,057
2014-10-16$36.99$37.5537.6%9.0%23.5%53.2%31.5%5.1%-6.2%3.4M-15.7M-626.0K1.3031.94N/AN/A5,9757,788113,81844,388
2014-10-17$37.39$37.5533.6%8.7%24.2%44.1%29.4%5.4%-4.1%3.3M-22.1M-637.0K0.1238.58N/AN/A4,797579114,55249,711
2014-10-20$37.44$37.5533.9%8.3%24.2%44.6%29.4%4.9%-3.9%3.4M-21.2M-598.5K1.2737.05N/AN/A4,4365,65482,59447,895
2014-10-21$38.57$37.5530.6%7.8%27.0%37.2%28.3%6.6%-3.4%5.0M-54.3M-641.4K0.8937.92N/AN/A2,0591,83082,76949,208
2014-10-22$37.95$37.5532.1%8.2%26.3%40.6%28.6%3.6%-3.4%4.4M-41.6M-621.2K0.8737.63N/AN/A2,1521,87582,80249,334
2014-10-23$38.38$37.5532.2%8.2%26.3%40.8%28.6%4.2%-3.6%5.0M-54.8M-622.6K1.1844.42N/AN/A1,6361,92883,05249,625
2014-10-24$38.63$37.5530.0%7.8%26.5%35.8%28.3%4.9%-2.7%5.3M-55.5M-620.0K5.5935.38N/AN/A1,3317,44682,94649,702
2014-10-27$38.59$37.5531.0%7.9%26.0%37.9%29.1%5.3%-3.4%5.2M-53.6M-599.2K0.7435.23N/AN/A2,9712,21382,91349,263
2014-10-28$39.09$37.5531.2%7.7%26.6%38.5%28.3%4.9%-3.8%6.4M-72.0M-609.5K0.9231.19N/AN/A2,0681,91184,15349,520
2014-10-29$39.00$37.5531.0%7.6%26.2%38.0%28.1%4.8%-3.7%6.1M-66.9M-583.0K0.9939.10N/AN/A2,1522,13883,19549,282
2014-10-30$38.84$37.5531.4%7.6%26.2%38.9%28.1%6.0%-4.8%5.9M-61.2M-584.4K1.2533.86N/AN/A1,7452,17583,95449,296
2014-10-31$39.57$37.5531.4%7.7%26.1%38.9%28.1%4.3%-4.4%7.0M-86.1M-582.9K0.7137.08N/AN/A3,6082,55383,85649,414