A Options History — June 2015

In June 2015, A traded between $38.61 and $41.11. ATM implied volatility averaged 21.1%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 5.6% (HV 20d: 15.5%). Max pain ranged from $40.00 to $42.50. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.94.

Notable Days

  • 2015-06-24: Highest Volume — 26,059 contracts
  • 2015-06-24: Largest IV spike — 93.5% change
  • 2015-06-24: Highest IV Rank — 13.7%
  • 2015-06-24: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.03$38.61$41.11$40.92$38.61
Max Pain$40.34$40.00$42.50$42.50$40.00
ATM IV21.1%16.6%32.2%20.2%26.2%
Expected Move6.0%4.8%9.2%5.8%7.5%
HV 20d15.5%13.7%16.9%16.1%16.8%
HV 60d15.6%14.8%17.0%17.0%15.7%
IV Rank7.9%5.6%13.7%7.4%10.6%
IV Percentile29.1%6.7%72.6%28.6%56.0%
Term Structure2.2%-1.7%4.5%-1.5%2.3%
VWIV21.9%16.8%33.9%18.7%28.2%
Skew 25d0.4%-7.6%2.7%-0.0%-1.4%
Skew 10d1.9%-9.5%13.3%-5.8%-1.9%
Call IV 25d21.3%17.1%36.0%18.6%29.2%
Put IV 25d21.7%18.5%28.4%18.5%27.8%
Bid-Ask Spread %29.738.9291.5717.5468.46
Gamma HHI0.270.210.340.240.25
Net GEX486.1K-2.0M3.1M2.1M1.7M
Net DEX4.8M-20.7M20.1M-5.4M1.4M
Net VEX-177.1K-228.4K-124.0K-219.7K-184.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.033.010.960.42
Total Volume5,43240126,0594,2083,036
Total OI69,047.36450,02078,97069,30250,654

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-06-01$40.92$42.5020.2%5.8%16.1%7.4%18.7%-0.0%-1.5%2.1M-5.4M-219.7K0.9617.54N/AN/A2,1512,05756,53312,769
2015-06-02$41.11$42.5019.8%5.7%16.2%7.2%19.9%1.5%-0.9%1.9M-5.6M-201.6K0.4613.53N/AN/A27412755,44012,006
2015-06-03$41.07$42.5020.2%5.8%16.0%7.5%19.3%1.6%-1.3%2.0M-4.6M-211.8K0.7716.79N/AN/A2,3371,79756,89812,872
2015-06-04$40.51$40.0020.1%5.6%16.6%7.4%21.2%2.7%3.1%845.9K5.0M-183.7K0.9713.30N/AN/A2,4202,35656,96412,871
2015-06-05$40.31$40.0019.1%5.5%16.3%6.9%20.1%1.1%3.3%548.3K5.7M-187.3K1.8011.91N/AN/A1,3082,36156,88213,137
2015-06-08$39.96$40.0020.0%5.6%15.1%7.3%20.2%1.6%3.4%19.1K9.5M-171.5K1.5110.91N/AN/A1,5472,34256,87413,141
2015-06-09$40.10$40.0020.3%5.5%15.1%7.5%20.0%1.6%3.4%104.3K8.6M-175.8K1.0612.05N/AN/A4,5744,86756,84713,104
2015-06-10$40.53$40.0018.5%5.3%15.2%6.5%21.5%2.0%4.3%340.0K6.5M-180.2K2.1615.27N/AN/A2,2114,77059,85516,110
2015-06-11$40.50$40.0018.8%5.4%15.2%6.7%20.9%2.2%3.5%222.2K5.6M-183.5K3.0112.73N/AN/A1,5924,78860,19016,121
2015-06-12$39.84$40.0018.6%5.3%15.7%6.6%19.3%1.4%4.0%-1.2M15.8M-157.2K0.7914.38N/AN/A1,5991,25859,94516,138
2015-06-15$39.53$40.0019.4%5.6%15.8%7.0%19.3%1.3%3.4%-1.6M19.8M-146.1K0.7515.86N/AN/A1,16086659,93816,117
2015-06-16$39.77$40.0019.2%5.5%14.9%6.9%19.8%2.4%3.6%-1.9M17.3M-149.3K0.6913.37N/AN/A1,13177959,99216,217
2015-06-17$39.60$40.0018.8%5.4%14.9%6.7%19.8%2.0%3.8%-1.8M17.3M-153.2K0.8034.93N/AN/A2,7072,15260,00816,250
2015-06-18$39.90$40.0018.7%5.4%15.0%6.6%19.4%1.8%3.5%-2.0M13.1M-156.9K0.5418.40N/AN/A2,6751,44160,27316,250
2015-06-19$39.56$40.0017.8%5.1%14.9%6.2%19.6%1.0%3.9%41.7K20.1M-144.4K0.558.92N/AN/A2,7591,51260,29616,236
2015-06-22$39.88$40.0017.3%4.9%15.2%5.9%18.7%2.3%4.5%167.0K7.1M-133.0K2.0715.81N/AN/A7821,62150,65113,106
2015-06-23$39.61$40.0016.6%4.8%15.0%5.6%16.8%1.6%4.3%-298.3K10.6M-124.0K0.2018.01N/AN/A4,63793850,77513,296
2015-06-24$40.31$40.0032.2%9.2%15.7%13.7%33.9%-7.6%-1.7%1.4M-4.8M-197.6K0.0391.57N/AN/A25,21384651,37613,358
2015-06-25$40.11$40.0026.6%7.6%14.2%10.8%28.2%-4.3%0.6%3.0M-15.4M-213.4K0.1880.28N/AN/A8,1171,47965,36913,601
2015-06-26$40.03$40.0026.9%7.7%13.7%11.0%27.9%-2.6%-0.2%3.1M-20.7M-228.4K0.3479.05N/AN/A3,4161,17636,17213,848
2015-06-29$38.85$40.0028.8%8.3%16.9%12.0%28.5%-4.2%-1.2%2.0M-2.4M-192.6K0.6671.06N/AN/A2,6001,72536,58313,979
2015-06-30$38.61$40.0026.2%7.5%16.8%10.6%28.2%-1.4%2.3%1.7M1.4M-184.4K0.4268.46N/AN/A2,13789936,71813,936