ACTU Options History — February 2008

In February 2008, ACTU traded between $4.26 and $5.15. ATM implied volatility averaged 59.6%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 17.3%. IV traded below realized volatility by 56.1% (HV 20d: 115.7%). Max pain ranged from $2.50 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.05.

Notable Days

  • 2008-02-01: Highest Volume — 315 contracts
  • 2008-02-04: Largest IV drop — 25.0% change
  • 2008-02-01: Highest IV Rank — 54.0%
  • 2008-02-01: Largest Expected Move — 26.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.84$4.26$5.15$4.26$4.80
Max Pain$5.00$2.50$7.50$5.00$5.00
ATM IV59.6%49.8%93.4%93.4%51.3%
Expected Move17.3%14.3%26.8%26.8%14.7%
HV 20d115.7%112.9%118.9%112.9%114.8%
HV 60d78.7%76.7%81.4%79.9%78.4%
IV Rank25.8%17.6%54.0%54.0%18.8%
IV Percentile73.9%44.8%98.0%98.0%51.2%
Term Structure-1.0%-44.0%9.6%-44.0%3.7%
VWIV68.8%50.9%103.6%103.6%50.9%
Bid-Ask Spread %87.7028.14105.9969.06101.35
Gamma HHI0.790.470.880.470.87
Net GEX4.5K1.2K7.6K1.2K5.2K
Net DEX-90.2K-126.0K11.6K11.6K-108.0K
Net VEX-502-576-253-253-495
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.050.000.500.020.00
Total Volume62.4513153155
Total OI1,380.751,0461,5061,0461,453

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$4.26$5.0093.4%26.8%112.9%54.0%103.6%0.0%-44.0%1.2K11.6K-2530.0269.06N/AN/A3105915131
2008-02-04$4.58$7.5070.0%18.1%117.4%34.5%63.5%0.0%-2.0%2.4K-19.5K-3240.1781.75N/AN/A169281,024117
2008-02-05$4.63$5.0071.7%19.3%117.7%35.9%86.1%0.0%-1.2%3.1K-51.7K-4690.0028.14N/AN/A10501,148131
2008-02-06$4.77$2.5065.2%18.0%118.9%30.4%90.8%0.0%-6.1%3.9K-88.8K-5760.1886.61N/AN/A67121,239131
2008-02-07$4.80$5.0067.1%19.3%118.5%32.1%95.3%0.0%-7.3%4.0K-78.4K-5170.0094.63N/AN/A1501,250141
2008-02-08$4.74$5.0053.5%18.5%118.5%20.6%0.0%0.0%0.7%4.1K-70.9K-5360.5030.12N/AN/A20101,250141
2008-02-11$4.85$5.0052.7%17.0%118.1%20.0%59.5%0.0%4.0%5.0K-84.0K-5340.0091.51N/AN/A3801,270151
2008-02-12$4.78$5.0057.2%18.2%115.4%23.8%0.0%0.0%-1.2%4.7K-85.6K-5360.0596.39N/AN/A10551,287151
2008-02-13$5.05$5.0061.6%18.3%116.0%27.4%60.2%0.0%0.3%7.6K-126.0K-5570.0087.88N/AN/A7501,340151
2008-02-14$4.96$5.0058.9%16.9%114.6%25.2%0.0%0.0%9.6%6.9K-124.9K-5580.0091.69N/AN/A301,355151
2008-02-15$4.92$5.0059.6%17.1%114.5%25.8%59.8%0.0%4.0%6.4K-112.5K-5730.0096.16N/AN/A7101,352151
2008-02-19$4.79$5.0050.7%14.5%114.3%18.4%0.0%0.0%5.8%3.6K-98.9K-5360.00102.91N/AN/A501,239137
2008-02-20$4.81$5.0060.1%17.2%113.8%26.2%60.2%0.0%6.4%3.5K-97.1K-5470.00101.11N/AN/A1301,239137
2008-02-21$4.96$5.0054.6%15.7%114.5%21.6%54.6%0.0%3.9%4.0K-101.3K-5290.00101.82N/AN/A5101,252137
2008-02-22$4.87$5.0058.0%16.6%114.5%24.4%58.1%0.0%-0.4%4.0K-101.4K-5320.00103.20N/AN/A5001,260137
2008-02-25$5.01$5.0054.1%15.5%115.3%21.2%0.0%0.0%-7.9%4.8K-107.8K-4830.00105.29N/AN/A2301,244137
2008-02-26$5.15$5.0052.9%15.2%115.5%20.2%52.2%0.0%4.5%5.3K-117.0K-4920.0090.02N/AN/A2301,263137
2008-02-27$5.04$5.0049.8%14.3%115.2%17.6%50.9%0.0%1.6%5.2K-123.1K-4840.0088.43N/AN/A4001,276137
2008-02-28$4.96$5.0050.0%14.3%114.6%17.7%0.0%0.0%5.6%5.5K-118.5K-5030.00105.99N/AN/A101,316137
2008-02-29$4.80$5.0051.3%14.7%114.8%18.8%0.0%0.0%3.7%5.2K-108.0K-4950.00101.35N/AN/A501,316137