A Options History — August 2018

In August 2018, A traded between $64.56 and $67.67. ATM implied volatility averaged 30.0%, placing in the 41.5% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 8.3% (HV 20d: 21.8%). Max pain ranged from $65.00 to $65.00. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 1.23.

Notable Days

2018-08-15: Highest Volume — 20,898 contracts
2018-08-15: Largest IV drop — 76.5% change
2018-08-10: Highest IV Rank — 100.0%
2018-08-03: Largest Expected Move — 10.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$66.08	$64.56	$67.67	$64.83	$67.49
Max Pain	$65.00	$65.00	$65.00	$65.00	$65.00
ATM IV	30.0%	15.8%	88.7%	36.6%	15.8%
Expected Move	6.4%	4.5%	10.8%	10.5%	4.5%
HV 20d	21.8%	19.5%	25.4%	19.7%	20.2%
HV 60d	22.4%	19.2%	29.3%	29.1%	19.3%
IV Rank	41.5%	2.0%	100.0%	80.0%	2.0%
IV Percentile	54.8%	5.2%	100.0%	97.6%	5.2%
Term Structure	-0.9%	-11.7%	3.9%	-10.6%	0.9%
VWIV	22.8%	15.9%	39.1%	35.7%	15.9%
Skew 25d	2.4%	1.4%	5.0%	4.3%	2.1%
Skew 10d	5.6%	3.3%	12.6%	8.2%	3.6%
Call IV 25d	21.7%	15.3%	35.5%	35.1%	15.3%
Put IV 25d	24.1%	17.4%	40.3%	39.5%	17.4%
Bid-Ask Spread %	11.87	4.32	28.47	17.79	11.72
Gamma HHI	0.24	0.22	0.28	0.28	0.27
Net GEX	1.1M	-6.2M	4.6M	-401.8K	4.6M
Net DEX	-23.8M	-58.3M	23.7M	-5.4M	-46.0M
Net VEX	-358.0K	-435.8K	-300.5K	-430.5K	-317.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.23	0.33	5.48	1.65	1.14
Total Volume	3,995.174	969	20,898	3,421	1,943
Total OI	55,543.174	40,610	79,369	59,687	45,202

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-08-01	$64.83	$65.00	36.6%	10.5%	19.7%	80.0%	35.7%	4.3%	-10.6%	-401.8K	-5.4M	-430.5K	1.65	17.79	N/A	N/A	1,290	2,131	30,662	29,025
2018-08-02	$65.29	$65.00	36.8%	10.5%	19.7%	80.6%	39.1%	5.0%	-11.1%	-237.2K	-11.7M	-435.8K	1.57	12.59	N/A	N/A	1,107	1,740	30,925	29,462
2018-08-03	$65.72	$65.00	37.7%	10.8%	19.6%	83.9%	38.0%	4.8%	-11.7%	-85.7K	-19.3M	-428.9K	3.98	13.38	N/A	N/A	537	2,137	30,758	30,048
2018-08-06	$66.50	$65.00	39.3%	7.2%	19.5%	89.8%	26.2%	2.3%	-1.4%	337.3K	-30.2M	-423.1K	1.23	11.72	N/A	N/A	675	830	30,796	31,749
2018-08-07	$67.67	$65.00	38.9%	7.0%	20.2%	88.2%	24.9%	2.2%	-1.2%	1.4M	-58.3M	-407.3K	0.72	8.35	N/A	N/A	813	582	30,964	31,840
2018-08-08	$67.44	$65.00	38.0%	6.7%	19.6%	85.0%	23.5%	2.0%	-0.3%	1.4M	-52.0M	-396.8K	1.10	9.90	N/A	N/A	710	782	30,942	31,957
2018-08-09	$66.72	$65.00	40.8%	6.8%	20.2%	95.3%	24.0%	1.7%	-0.5%	553.9K	-36.1M	-392.9K	1.66	10.40	N/A	N/A	510	845	30,988	32,137
2018-08-10	$66.22	$65.00	47.7%	7.6%	20.5%	100.0%	26.0%	1.9%	-1.0%	-118.9K	-25.6M	-394.1K	0.51	8.97	N/A	N/A	1,777	899	30,946	32,302
2018-08-13	$66.08	$65.00	62.3%	7.7%	20.0%	100.0%	27.2%	2.3%	-1.8%	-183.2K	-20.7M	-378.2K	0.79	28.47	N/A	N/A	6,451	5,081	31,565	32,612
2018-08-14	$67.01	$65.00	88.7%	8.5%	20.4%	100.0%	30.1%	1.9%	-1.7%	646.2K	-43.7M	-420.2K	1.20	27.21	N/A	N/A	5,427	6,517	36,289	35,409
2018-08-15	$64.56	$65.00	20.8%	6.0%	24.9%	8.7%	21.9%	2.6%	3.0%	-6.2M	9.9M	-336.3K	5.48	13.07	N/A	N/A	3,226	17,672	39,282	40,087
2018-08-16	$65.66	$65.00	18.7%	5.4%	24.7%	5.8%	19.5%	2.6%	3.9%	-729.1K	-30.2M	-330.5K	0.84	4.32	N/A	N/A	4,056	3,411	38,442	30,763
2018-08-17	$64.58	$65.00	17.7%	5.1%	25.4%	4.5%	18.2%	2.7%	3.8%	1.3M	23.7M	-300.5K	0.67	5.81	N/A	N/A	3,872	2,588	37,879	30,833
2018-08-20	$64.60	$65.00	17.3%	5.0%	25.4%	4.0%	17.7%	2.1%	1.3%	1.1M	-3.1M	-306.2K	0.77	10.17	N/A	N/A	869	668	24,570	16,040
2018-08-21	$65.00	$65.00	17.3%	5.0%	24.9%	4.0%	17.4%	2.1%	1.0%	1.2M	-7.8M	-311.1K	0.54	9.14	N/A	N/A	1,048	565	24,574	16,495
2018-08-22	$65.72	$65.00	17.3%	5.0%	24.4%	4.0%	18.0%	2.1%	1.1%	2.1M	-18.2M	-321.8K	0.46	11.41	N/A	N/A	775	359	25,240	16,445
2018-08-23	$65.70	$65.00	17.3%	5.0%	23.9%	4.0%	17.9%	2.2%	1.2%	2.1M	-18.0M	-319.5K	0.66	7.44	N/A	N/A	583	386	25,369	16,552
2018-08-24	$66.11	$65.00	16.9%	4.9%	23.2%	3.5%	17.5%	2.0%	1.2%	2.5M	-22.0M	-321.0K	0.63	6.19	N/A	N/A	779	492	25,428	16,690
2018-08-27	$66.06	$65.00	16.6%	4.8%	22.6%	3.1%	16.7%	1.9%	0.8%	2.6M	-21.6M	-300.5K	0.53	9.54	N/A	N/A	1,519	800	25,939	16,873
2018-08-28	$66.58	$65.00	16.2%	4.7%	21.5%	2.5%	16.6%	1.5%	0.5%	3.4M	-29.6M	-314.3K	0.33	9.28	N/A	N/A	1,486	491	26,592	17,338
2018-08-29	$67.02	$65.00	16.0%	4.6%	20.3%	2.2%	16.2%	1.4%	0.9%	4.0M	-39.2M	-319.0K	0.51	11.92	N/A	N/A	871	441	27,137	17,481
2018-08-30	$67.24	$65.00	16.5%	4.7%	20.2%	2.9%	17.0%	1.8%	0.6%	4.3M	-43.0M	-327.2K	1.31	14.29	N/A	N/A	930	1,218	27,288	17,578
2018-08-31	$67.49	$65.00	15.8%	4.5%	20.2%	2.0%	15.9%	2.1%	0.9%	4.6M	-46.0M	-317.6K	1.14	11.72	N/A	N/A	910	1,033	27,225	17,977