ACTU Options History — November 2007

In November 2007, ACTU traded between $7.39 and $8.62. ATM implied volatility averaged 59.0%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded below realized volatility by 24.9% (HV 20d: 83.9%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2007-11-08: Highest Volume — 345 contracts
2007-11-07: Largest IV spike — 69.6% change
2007-11-07: Highest IV Rank — 58.7%
2007-11-07: Largest Expected Move — 23.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.88	$7.39	$8.62	$8.11	$7.57
Max Pain	$5.83	$5.00	$7.50	$5.00	$7.50
ATM IV	59.0%	45.3%	99.0%	63.8%	53.3%
Expected Move	16.5%	13.2%	23.4%	18.3%	15.3%
HV 20d	83.9%	60.5%	93.6%	76.7%	60.5%
HV 60d	57.3%	53.1%	59.7%	54.6%	59.7%
IV Rank	25.3%	13.8%	58.7%	29.3%	20.5%
IV Percentile	76.7%	35.3%	98.1%	92.4%	67.0%
Term Structure	0.6%	-7.1%	13.2%	-1.3%	0.6%
VWIV	56.7%	40.2%	81.6%	42.9%	53.3%
Bid-Ask Spread %	90.68	60.26	161.79	161.79	93.54
Gamma HHI	0.79	0.65	0.85	0.76	0.82
Net GEX	51.9K	41.5K	65.2K	51.8K	52.1K
Net DEX	-2.1M	-2.9M	-1.6M	-2.4M	-1.7M
Net VEX	-5.3K	-6.0K	-4.8K	-5.7K	-4.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.05	0.00	0.00
Total Volume	89.143	0	345	152	45
Total OI	4,628.333	4,314	4,892	4,697	4,419

Daily Data (21 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
2007-11-01	$8.11	$5.00	63.8%	18.3%	76.7%	29.3%	0.0%	0.0%	-1.3%	51.8K	-2.4M	-5.7K	0.00	161.79	N/A	N/A	152	0	4,615	82
2007-11-02	$8.50	$5.00	45.9%	13.2%	77.6%	14.3%	42.9%	0.0%	13.2%	41.5K	-2.7M	-5.6K	0.00	110.82	N/A	N/A	222	0	4,601	82
2007-11-05	$8.39	$5.00	49.2%	16.7%	77.3%	17.1%	50.0%	0.0%	1.1%	43.8K	-2.7M	-5.8K	0.00	80.38	N/A	N/A	39	0	4,789	82
2007-11-06	$8.62	$5.00	58.4%	16.8%	77.7%	24.8%	57.8%	0.0%	0.4%	41.6K	-2.9M	-5.7K	0.00	68.73	N/A	N/A	29	0	4,793	82
2007-11-07	$7.97	$5.00	99.0%	23.4%	83.5%	58.7%	81.6%	0.0%	-7.1%	48.1K	-2.3M	-6.0K	0.05	125.71	N/A	N/A	195	9	4,794	82
2007-11-08	$7.95	$5.00	45.3%	16.6%	82.9%	13.8%	58.2%	0.0%	3.0%	57.7K	-2.4M	-5.7K	0.00	88.02	N/A	N/A	345	0	4,757	91
2007-11-09	$7.45	$5.00	56.4%	17.0%	86.3%	23.1%	0.0%	0.0%	0.7%	59.6K	-1.8M	-5.6K	0.00	82.27	N/A	N/A	96	0	4,741	91
2007-11-12	$7.39	$5.00	55.8%	16.8%	86.3%	22.6%	58.5%	0.0%	4.6%	62.4K	-1.7M	-5.4K	0.00	60.67	N/A	N/A	120	0	4,733	91
2007-11-13	$8.18	$5.00	76.8%	16.9%	93.5%	40.2%	40.2%	0.0%	-3.2%	51.2K	-2.5M	-5.4K	0.02	60.26	N/A	N/A	130	2	4,737	91
2007-11-14	$7.94	$5.00	73.9%	15.5%	93.5%	37.7%	54.0%	0.0%	2.4%	60.8K	-2.4M	-5.4K	0.00	89.71	N/A	N/A	85	0	4,783	93
2007-11-15	$7.89	$5.00	54.7%	15.7%	93.6%	21.7%	0.0%	0.0%	0.5%	64.6K	-2.3M	-5.3K	0.00	91.42	N/A	N/A	31	0	4,799	93
2007-11-16	$7.86	$5.00	57.3%	16.4%	91.6%	23.9%	57.3%	0.0%	-0.1%	65.2K	-2.3M	-5.4K	0.00	88.48	N/A	N/A	66	0	4,779	93
2007-11-19	$7.76	$5.00	55.2%	15.8%	91.7%	22.1%	55.2%	0.0%	2.1%	46.7K	-1.8M	-5.1K	0.00	87.05	N/A	N/A	37	0	4,223	91
2007-11-20	$7.73	$5.00	57.3%	16.4%	91.5%	23.8%	72.0%	0.0%	-1.1%	47.3K	-1.8M	-5.1K	0.00	62.54	N/A	N/A	22	0	4,250	91
2007-11-21	$7.77	$7.50	56.4%	16.2%	91.5%	23.1%	0.0%	0.0%	1.7%	46.6K	-1.8M	-5.0K	0.00	90.81	N/A	N/A	0	0	4,256	91
2007-11-23	$7.60	$7.50	54.4%	15.6%	91.8%	21.5%	0.0%	0.0%	0.9%	48.6K	-1.7M	-5.0K	0.00	88.48	N/A	N/A	52	0	4,256	91
2007-11-26	$7.72	$7.50	57.8%	16.6%	91.6%	24.3%	57.8%	0.0%	-0.9%	48.7K	-1.8M	-4.9K	0.00	90.39	N/A	N/A	58	0	4,258	91
2007-11-27	$7.54	$7.50	57.3%	16.4%	90.2%	23.9%	0.0%	0.0%	-1.3%	48.8K	-1.6M	-4.8K	0.00	90.58	N/A	N/A	25	0	4,248	91
2007-11-28	$7.78	$7.50	55.2%	15.8%	66.3%	22.1%	55.2%	0.0%	0.6%	49.9K	-1.8M	-4.9K	0.00	97.08	N/A	N/A	89	0	4,273	91
2007-11-29	$7.74	$7.50	55.2%	15.8%	66.1%	22.1%	56.1%	0.0%	-3.3%	53.2K	-1.8M	-4.9K	0.00	95.57	N/A	N/A	23	0	4,310	91
2007-11-30	$7.57	$7.50	53.3%	15.3%	60.5%	20.5%	53.3%	0.0%	0.6%	52.1K	-1.7M	-4.8K	0.00	93.54	N/A	N/A	45	0	4,328	91