A Options History — April 2019

In April 2019, A traded between $75.26 and $81.91. ATM implied volatility averaged 25.6%, placing in the 13.8% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 5.3% (HV 20d: 20.3%). Max pain ranged from $70.00 to $77.50. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.93.

Notable Days

  • 2019-04-18: Highest Volume — 5,795 contracts
  • 2019-04-10: Largest IV spike — 20.2% change
  • 2019-04-23: Highest IV Rank — 22.6%
  • 2019-04-23: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$79.06$75.26$81.91$81.51$78.28
Max Pain$72.86$70.00$77.50$70.00$75.00
ATM IV25.6%18.8%32.0%19.4%31.6%
Expected Move7.7%6.5%9.2%6.5%9.1%
HV 20d20.3%18.1%24.2%19.8%20.4%
HV 60d18.9%17.8%20.2%19.5%19.1%
IV Rank13.8%4.6%22.6%5.3%22.0%
IV Percentile58.4%17.9%87.3%22.2%87.3%
Term Structure-2.2%-5.7%3.7%3.4%-5.7%
VWIV27.3%23.6%32.9%23.8%32.4%
Skew 25d3.8%2.7%4.6%4.3%3.4%
Skew 10d8.1%6.3%10.0%8.7%10.0%
Call IV 25d25.1%18.1%30.1%18.1%29.9%
Put IV 25d28.9%22.2%34.4%22.5%33.2%
Bid-Ask Spread %11.096.4318.526.4314.17
Gamma HHI0.190.120.300.180.13
Net GEX1.0K-1.3M708.8K490.6K708.8K
Net DEX-4.4M-17.3M31.5M-15.6M-11.4M
Net VEX-220.4K-236.7K-200.8K-223.2K-235.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.930.1511.190.611.09
Total Volume1,345.5242125,795594862
Total OI16,660.47614,25920,90515,64617,111

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$81.51$70.0019.4%6.5%19.8%5.3%23.8%4.3%3.4%490.6K-15.6M-223.2K0.616.43N/AN/A3692257,1328,514
2019-04-02$81.26$70.0018.9%6.5%19.8%4.7%24.6%3.9%3.7%477.7K-14.5M-223.0K0.417.29N/AN/A3071267,1478,493
2019-04-03$81.91$70.0018.8%6.8%19.2%4.6%24.0%3.3%-0.3%606.2K-17.3M-222.7K0.4610.42N/AN/A4031857,1708,511
2019-04-04$80.84$70.0021.5%7.0%19.9%8.2%24.4%3.9%-0.2%372.6K-12.4M-221.2K0.6518.52N/AN/A2551677,1648,504
2019-04-05$81.52$70.0019.2%6.8%19.5%5.0%26.2%3.7%0.2%549.5K-15.7M-221.0K9.2411.32N/AN/A1351,2487,2018,512
2019-04-08$81.62$70.0020.2%6.8%18.3%6.5%25.9%3.9%-0.4%-112.0K-13.7M-222.6K0.156.49N/AN/A234357,2219,541
2019-04-09$81.44$70.0019.8%6.9%18.1%5.9%24.1%4.4%-0.8%-184.1K-13.2M-222.6K0.4010.67N/AN/A2841147,3069,559
2019-04-10$81.67$72.5023.8%6.8%18.1%11.4%24.9%3.5%-0.3%-26.2K-14.9M-221.1K0.228.27N/AN/A7181567,4089,577
2019-04-11$80.99$72.5023.8%6.8%18.4%11.4%24.4%3.7%-1.1%-326.9K-10.9M-220.3K0.697.18N/AN/A5553817,8239,633
2019-04-12$81.09$72.5024.0%6.9%18.3%11.6%24.4%3.2%-1.2%-136.1K-12.4M-218.3K0.3210.61N/AN/A8152587,9769,556
2019-04-15$80.26$72.5024.4%7.0%18.6%12.2%23.6%3.4%-1.5%-1.3M-5.4M-212.7K0.1811.73N/AN/A6401188,2719,689
2019-04-16$77.45$72.5027.3%7.8%22.4%16.1%27.1%4.2%-4.4%-1.3M12.9M-205.3K11.1911.72N/AN/A3493,9058,4219,735
2019-04-17$75.26$75.0029.5%8.5%24.2%19.1%28.7%4.6%-3.9%-837.8K30.4M-200.8K3.3110.67N/AN/A9113,0178,44711,144
2019-04-18$76.24$75.0029.6%8.5%24.2%19.3%28.4%3.9%-5.0%174.2K31.5M-212.3K6.0711.84N/AN/A8204,9758,88712,018
2019-04-22$75.41$77.5031.8%9.1%21.2%22.3%30.4%4.5%-5.3%-189.2K5.1M-216.9K0.6213.72N/AN/A131816,4998,189
2019-04-23$75.77$75.0032.0%9.2%21.3%22.6%31.8%4.3%-5.3%5.5K1.2M-213.5K0.868.15N/AN/A2962556,5477,712
2019-04-24$75.92$75.0030.9%8.9%20.8%21.1%32.9%3.7%-4.2%13.3K1.0M-216.3K2.1010.62N/AN/A4659766,6347,809
2019-04-25$76.91$75.0029.9%8.6%21.1%19.7%30.2%3.1%-4.2%78.1K-2.6M-228.7K0.4112.76N/AN/A1,1644817,0048,551
2019-04-26$77.35$75.0029.9%8.6%21.1%19.6%30.8%2.7%-4.1%434.5K-7.2M-236.7K1.3613.81N/AN/A3554847,9598,644
2019-04-29$77.51$75.0031.1%8.9%20.8%21.4%31.4%3.9%-5.2%458.2K-7.5M-234.4K0.1816.42N/AN/A8451568,0078,644
2019-04-30$78.28$75.0031.6%9.1%20.4%22.0%32.4%3.4%-5.7%708.8K-11.4M-235.9K1.0914.17N/AN/A4134498,4298,682