A Options History — February 2019

In February 2019, A traded between $75.08 and $79.47. ATM implied volatility averaged 24.4%, placing in the 12.2% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 7.5% (HV 20d: 17.0%). Max pain ranged from $75.00 to $75.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.18.

Notable Days

  • 2019-02-20: Highest Volume — 8,654 contracts
  • 2019-02-21: Largest IV drop — 29.8% change
  • 2019-02-20: Highest IV Rank — 22.8%
  • 2019-02-20: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.36$75.08$79.47$75.92$79.47
Max Pain$75.00$75.00$75.00$75.00$75.00
ATM IV24.4%19.1%32.2%22.1%19.4%
Expected Move7.2%5.5%9.2%7.5%5.6%
HV 20d17.0%13.9%19.8%19.8%13.9%
HV 60d28.9%25.4%32.8%32.8%25.4%
IV Rank12.2%4.9%22.8%9.0%5.3%
IV Percentile52.7%19.8%88.1%38.5%21.4%
Term Structure-1.9%-6.7%0.8%-1.6%0.6%
VWIV24.8%18.6%30.4%26.3%20.4%
Skew 25d4.7%3.8%5.9%4.0%5.1%
Skew 10d9.0%7.3%12.5%8.7%12.5%
Call IV 25d22.8%17.8%28.3%24.0%18.5%
Put IV 25d27.5%21.7%34.2%28.0%23.6%
Bid-Ask Spread %8.274.1627.9827.985.68
Gamma HHI0.270.200.410.340.21
Net GEX1.1M-278.6K1.9M1.2M1.2M
Net DEX-29.8M-48.2M-7.9M-35.6M-18.2M
Net VEX-147.7K-234.5K-94.5K-100.1K-234.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.175.030.380.61
Total Volume2,782.1051528,654864570
Total OI17,362.78913,37023,66713,37021,738

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$75.92$75.0022.1%7.5%19.8%9.0%26.3%4.0%-1.6%1.2M-35.6M-100.1K0.3827.98N/AN/A6242407,8915,479
2019-02-04$75.83$75.0022.4%7.6%18.2%9.5%26.6%4.0%-1.9%1.2M-35.8M-98.1K0.4523.84N/AN/A2551167,9535,574
2019-02-05$76.22$75.0022.3%7.6%17.1%9.2%26.2%4.5%-2.0%1.2M-37.9M-97.5K0.667.27N/AN/A2321528,0545,647
2019-02-06$76.24$75.0026.1%7.5%17.0%14.5%25.5%3.8%-2.0%1.3M-38.4M-94.5K0.525.48N/AN/A100528,0665,664
2019-02-07$75.08$75.0026.8%7.7%17.7%15.5%26.5%4.5%-1.9%1.3M-33.0M-98.5K1.155.57N/AN/A2,8883,3248,1005,695
2019-02-08$75.55$75.0027.1%7.8%17.7%15.9%26.5%4.5%-2.4%1.3M-33.8M-140.6K5.035.41N/AN/A9849310,8578,666
2019-02-11$75.99$75.0027.1%7.8%17.7%15.8%26.5%5.1%-2.2%1.4M-37.3M-131.4K0.966.42N/AN/A2,9682,83710,8698,683
2019-02-12$77.08$75.0026.3%7.6%17.6%14.8%27.2%4.5%-2.2%1.3M-43.7M-102.0K1.054.92N/AN/A7037389,2616,983
2019-02-13$77.33$75.0026.2%7.5%17.5%14.7%25.9%4.7%-2.4%911.6K-43.7M-103.1K0.276.47N/AN/A1,4283899,1117,584
2019-02-14$77.15$75.0027.6%7.9%16.8%16.5%27.3%4.9%-3.1%763.6K-43.5M-109.7K0.906.11N/AN/A4,0003,5849,5297,890
2019-02-15$78.19$75.0027.5%7.9%17.0%16.5%25.4%5.3%-3.2%974.6K-48.2M-149.3K0.234.16N/AN/A1,27929712,73610,931
2019-02-19$77.69$75.0029.0%8.3%16.9%18.5%28.0%4.5%-5.1%742.9K-16.2M-143.1K3.366.17N/AN/A7702,5858,4636,741
2019-02-20$78.67$75.0032.2%9.2%15.7%22.8%30.4%5.9%-6.7%769.8K-16.8M-198.7K0.957.34N/AN/A4,4404,2148,6778,922
2019-02-21$77.73$75.0022.6%6.5%16.8%9.8%23.9%5.3%-1.4%-278.6K-7.9M-192.7K1.8611.28N/AN/A1,8803,4937,74010,361
2019-02-22$78.19$75.0020.0%5.7%16.8%6.2%19.3%3.8%0.1%1.0M-15.2M-179.2K0.494.75N/AN/A1,6868228,7898,620
2019-02-25$79.42$75.0019.1%5.5%15.8%4.9%18.6%4.3%0.2%1.9M-24.4M-199.7K0.176.94N/AN/A1,1641969,6679,079
2019-02-26$78.69$75.0021.4%6.1%16.0%8.0%21.4%4.9%-0.6%1.2M-18.5M-201.4K3.075.14N/AN/A7572,3279,4359,195
2019-02-27$79.33$75.0019.1%5.5%16.1%4.9%19.9%5.1%0.8%970.9K-17.7M-232.3K0.256.25N/AN/A9262339,90811,335
2019-02-28$79.47$75.0019.4%5.6%13.9%5.3%20.4%5.1%0.6%1.2M-18.2M-234.5K0.615.68N/AN/A35521510,35511,383