A Options History — May 2019

In May 2019, A traded between $66.97 and $79.23. ATM implied volatility averaged 32.8%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 5.4% (HV 20d: 38.2%). Max pain ranged from $67.50 to $77.50. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.22.

Notable Days

  • 2019-05-15: Highest Volume — 26,302 contracts
  • 2019-05-15: Largest IV drop — 60.8% change
  • 2019-05-14: Highest IV Rank — 68.6%
  • 2019-05-13: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$72.13$66.97$79.23$77.47$67.12
Max Pain$72.16$67.50$77.50$75.00$67.50
ATM IV32.8%21.9%65.7%30.8%24.5%
Expected Move7.6%6.3%9.5%8.8%7.0%
HV 20d38.2%20.5%50.6%20.6%49.8%
HV 60d27.5%19.2%33.6%19.2%33.0%
IV Rank23.6%8.7%68.6%20.9%12.4%
IV Percentile71.7%40.9%99.6%84.5%56.0%
Term Structure-0.9%-6.7%3.1%-4.9%0.4%
VWIV27.0%22.3%32.6%30.0%26.6%
Skew 25d4.4%3.7%5.4%3.8%5.0%
Skew 10d9.1%7.3%13.7%7.3%9.6%
Call IV 25d24.9%20.6%30.5%29.6%23.2%
Put IV 25d29.3%24.7%35.3%33.4%28.2%
Bid-Ask Spread %8.374.2918.8317.877.86
Gamma HHI0.120.110.170.120.11
Net GEX448.3K-769.8K989.2K540.0K533.7K
Net DEX6.0M-14.7M42.3M-7.9M14.5M
Net VEX-268.0K-315.0K-189.5K-235.4K-298.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.543.680.901.67
Total Volume2,973.54581426,3021,417814
Total OI26,67917,46639,64917,47534,795

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$77.47$75.0030.8%8.8%20.6%20.9%30.0%3.8%-4.9%540.0K-7.9M-235.4K0.9017.87N/AN/A7456728,5038,972
2019-05-02$77.97$75.0032.4%9.3%20.5%23.1%32.6%4.1%-6.3%605.9K-9.1M-242.0K0.8618.83N/AN/A7286278,3339,133
2019-05-03$79.23$75.0031.3%9.0%21.1%21.6%32.1%4.1%-6.7%852.8K-14.7M-241.1K1.9010.30N/AN/A4077728,4619,224
2019-05-06$79.19$77.5036.4%7.4%20.8%28.6%26.1%3.8%-0.6%729.2K-13.5M-240.1K0.789.31N/AN/A5304138,3229,355
2019-05-07$76.37$77.5041.9%8.3%24.2%36.1%28.6%4.3%-1.9%301.8K-2.0M-243.1K0.8010.07N/AN/A4593698,5319,600
2019-05-08$76.77$77.5042.5%8.2%24.3%36.9%28.8%4.5%-1.4%379.2K-3.8M-242.4K0.799.57N/AN/A4613668,5879,644
2019-05-09$76.94$77.5045.0%8.4%24.3%40.3%30.7%4.5%-2.0%431.6K-4.5M-244.1K0.888.05N/AN/A5024418,8549,667
2019-05-10$76.77$77.5043.8%8.0%24.2%38.6%28.3%4.5%-1.2%424.8K-3.7M-242.2K2.9110.01N/AN/A4471,3008,9979,756
2019-05-13$73.62$77.5065.0%9.5%27.9%67.6%31.4%5.3%-3.4%-115.7K9.1M-227.4K1.315.51N/AN/A9141,1998,9979,756
2019-05-14$76.25$77.5065.7%8.7%31.2%68.6%29.8%5.0%-1.8%154.1K-643.8K-243.7K1.184.97N/AN/A2,4082,8389,65010,920
2019-05-15$67.76$77.5025.8%7.4%50.5%14.0%27.0%4.0%1.0%-769.8K42.3M-189.5K0.706.63N/AN/A15,46310,83910,61312,102
2019-05-16$69.06$67.5022.3%6.4%50.6%9.3%22.9%3.7%2.7%764.1K22.8M-301.3K0.545.35N/AN/A3,4791,88921,90617,323
2019-05-17$69.20$67.5021.9%6.3%50.2%8.7%22.5%3.9%3.1%656.3K22.1M-303.6K1.118.00N/AN/A1,1071,22422,40417,245
2019-05-20$69.06$67.5023.4%6.7%50.2%10.9%24.2%4.5%0.7%625.9K5.3M-308.8K0.774.29N/AN/A98976518,00013,154
2019-05-21$68.42$67.5023.5%6.7%50.1%10.9%22.8%4.0%0.7%535.2K8.6M-299.0K0.604.29N/AN/A1,41585418,68513,438
2019-05-22$68.06$67.5022.8%6.5%50.0%10.0%22.3%4.3%0.6%543.1K9.6M-301.4K0.905.19N/AN/A78670419,25913,698
2019-05-23$67.62$67.5023.7%6.8%49.6%11.3%23.8%4.5%0.5%420.4K12.0M-295.3K1.047.10N/AN/A1,2441,29619,51013,679
2019-05-24$68.59$67.5024.2%6.9%49.9%11.9%22.5%4.1%0.3%989.2K3.0M-315.0K1.039.04N/AN/A9831,01320,25313,984
2019-05-28$67.09$67.5024.6%7.0%50.1%12.4%24.1%4.8%0.0%349.7K14.4M-291.5K1.187.53N/AN/A41949320,02314,088
2019-05-29$67.35$67.5025.2%7.2%49.9%13.3%30.7%5.4%-0.6%496.9K12.7M-299.9K3.685.28N/AN/A4101,50920,56514,466
2019-05-30$66.97$67.5024.8%7.1%49.9%12.7%26.4%5.3%0.2%413.7K15.7M-290.9K1.329.11N/AN/A48464120,62413,862
2019-05-31$67.12$67.5024.5%7.0%49.8%12.4%26.6%5.0%0.4%533.7K14.5M-298.8K1.677.86N/AN/A30550920,79414,001