ACTU Options History — June 2008

In June 2008, ACTU traded between $3.91 and $4.91. ATM implied volatility averaged 46.9%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 6.0% (HV 20d: 40.9%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.20.

Notable Days

2008-06-30: Highest Volume — 270 contracts
2008-06-04: Largest IV spike — 40.9% change
2008-06-30: Highest IV Rank — 33.6%
2008-06-30: Largest Expected Move — 20.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.45	$3.91	$4.91	$4.75	$3.91
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	46.9%	34.8%	70.5%	50.6%	70.5%
Expected Move	13.4%	10.0%	20.2%	14.5%	20.2%
HV 20d	40.9%	36.2%	44.3%	36.2%	40.7%
HV 60d	39.5%	36.6%	45.0%	44.8%	36.6%
IV Rank	13.4%	3.1%	33.6%	16.6%	33.6%
IV Percentile	32.3%	3.2%	90.5%	42.5%	90.5%
Term Structure	6.9%	-21.8%	36.3%	-1.3%	-21.8%
VWIV	61.7%	41.6%	106.7%	41.6%	50.9%
Bid-Ask Spread %	87.31	53.84	110.72	91.34	81.34
Gamma HHI	0.91	0.86	0.94	0.91	0.86
Net GEX	5.6K	2.8K	7.6K	6.2K	3.2K
Net DEX	-283.6K	-376.8K	-172.2K	-337.6K	-172.2K
Net VEX	-1.3K	-1.5K	-1.0K	-1.4K	-1.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.20	0.00	2.00	0.00	0.00
Total Volume	31.476	0	270	14	270
Total OI	1,641.048	1,546	1,682	1,546	1,631

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
2008-06-02	$4.75	$2.50	50.6%	14.5%	36.2%	16.6%	0.0%	0.0%	-1.3%	6.2K	-337.6K	-1.4K	0.00	91.34	N/A	N/A	14	0	1,466	80
2008-06-03	$4.65	$2.50	37.5%	10.8%	37.5%	5.4%	0.0%	0.0%	10.2%	6.3K	-310.4K	-1.4K	0.00	99.34	N/A	N/A	60	0	1,474	80
2008-06-04	$4.77	$2.50	52.9%	15.2%	38.1%	18.6%	0.0%	0.0%	9.0%	6.7K	-342.6K	-1.5K	0.00	97.46	N/A	N/A	6	0	1,534	80
2008-06-05	$4.91	$2.50	42.0%	12.0%	38.7%	9.3%	41.6%	0.0%	4.0%	7.6K	-376.8K	-1.5K	0.25	85.21	N/A	N/A	40	10	1,534	80
2008-06-06	$4.68	$2.50	48.5%	16.1%	43.2%	14.8%	106.7%	0.0%	5.3%	6.4K	-336.8K	-1.5K	0.00	97.75	N/A	N/A	27	0	1,574	90
2008-06-09	$4.53	$2.50	51.0%	14.7%	44.3%	16.9%	0.0%	0.0%	2.6%	5.8K	-326.6K	-1.5K	0.00	73.18	N/A	N/A	30	0	1,572	90
2008-06-10	$4.49	$2.50	51.8%	13.1%	41.9%	17.6%	0.0%	0.0%	12.2%	5.9K	-308.7K	-1.4K	0.00	100.90	N/A	N/A	0	0	1,592	90
2008-06-11	$4.37	$2.50	64.2%	16.1%	43.1%	28.2%	0.0%	0.0%	-10.1%	5.6K	-285.4K	-1.4K	0.00	96.89	N/A	N/A	59	0	1,592	90
2008-06-12	$4.43	$2.50	39.6%	11.4%	42.4%	7.2%	0.0%	0.0%	13.6%	6.0K	-280.9K	-1.4K	0.00	110.00	N/A	N/A	0	0	1,587	90
2008-06-13	$4.53	$2.50	39.0%	11.2%	42.9%	6.7%	0.0%	0.0%	16.5%	6.6K	-300.0K	-1.4K	0.00	110.72	N/A	N/A	0	0	1,587	90
2008-06-16	$4.50	$2.50	47.1%	13.5%	42.7%	13.6%	0.0%	0.0%	1.1%	6.4K	-299.9K	-1.4K	0.00	101.51	N/A	N/A	0	0	1,587	90
2008-06-17	$4.50	$2.50	41.0%	11.7%	42.0%	8.4%	0.0%	0.0%	13.6%	6.0K	-288.2K	-1.4K	2.00	98.02	N/A	N/A	1	2	1,587	90
2008-06-18	$4.37	$2.50	39.4%	11.3%	43.0%	7.0%	0.0%	0.0%	5.0%	5.5K	-262.7K	-1.3K	0.00	95.42	N/A	N/A	0	0	1,587	92
2008-06-19	$4.48	$2.50	42.0%	12.0%	43.9%	9.3%	0.0%	0.0%	15.6%	5.9K	-284.1K	-1.3K	0.00	98.55	N/A	N/A	0	0	1,587	92
2008-06-20	$4.40	$2.50	52.3%	15.0%	39.8%	18.1%	0.0%	0.0%	7.5%	5.2K	-281.3K	-1.3K	0.00	95.52	N/A	N/A	0	10	1,587	92
2008-06-23	$4.32	$2.50	34.8%	10.0%	39.5%	3.1%	0.0%	0.0%	25.6%	5.1K	-243.2K	-1.2K	0.00	55.61	N/A	N/A	0	0	1,530	92
2008-06-24	$4.31	$2.50	35.2%	10.1%	39.2%	3.5%	43.5%	0.0%	36.3%	5.0K	-249.4K	-1.2K	0.00	55.61	N/A	N/A	0	5	1,530	92
2008-06-25	$4.38	$2.50	42.0%	12.0%	39.0%	9.3%	65.6%	0.0%	14.8%	5.4K	-264.9K	-1.2K	0.00	54.57	N/A	N/A	22	0	1,530	92
2008-06-26	$4.20	$2.50	51.4%	14.7%	38.9%	17.3%	0.0%	0.0%	-13.7%	4.8K	-227.1K	-1.2K	0.00	80.65	N/A	N/A	14	0	1,509	92
2008-06-27	$3.97	$2.50	51.6%	14.8%	42.4%	17.4%	50.9%	0.0%	-1.3%	2.8K	-176.2K	-1.0K	0.12	53.84	N/A	N/A	81	10	1,509	92
2008-06-30	$3.91	$2.50	70.5%	20.2%	40.7%	33.6%	0.0%	0.0%	-21.8%	3.2K	-172.2K	-1.0K	0.00	81.34	N/A	N/A	270	0	1,571	60