ACTU Options History — August 2008

In August 2008, ACTU traded between $4.12 and $4.53. ATM implied volatility averaged 65.5%, placing in the 27.6% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 26.8% (HV 20d: 38.7%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-08-01: Highest Volume — 101 contracts
  • 2008-08-14: Largest IV drop — 65.2% change
  • 2008-08-13: Highest IV Rank — 78.1%
  • 2008-08-01: Largest Expected Move — 19.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.30$4.12$4.53$4.53$4.27
Max Pain$3.13$2.50$5.00$5.00$2.50
ATM IV65.5%38.3%128.2%69.4%43.0%
Expected Move13.9%11.0%19.9%19.9%12.3%
HV 20d38.7%33.3%44.3%35.4%37.1%
HV 60d40.5%38.9%42.1%40.2%39.0%
IV Rank27.6%5.7%78.1%30.8%9.5%
IV Percentile54.3%5.6%98.8%87.3%15.9%
Term Structure8.2%-18.5%31.2%-18.5%28.1%
VWIV84.2%60.8%101.8%60.8%101.8%
Bid-Ask Spread %104.9692.01112.47105.1095.37
Gamma HHI0.910.890.940.910.92
Net GEX4.8K4.4K5.3K5.2K5.0K
Net DEX-252.4K-294.3K-211.3K-290.8K-236.5K
Net VEX-1.3K-1.4K-1.1K-1.4K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume8.14301011010
Total OI1,438.191,4081,4461,4081,445

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-08-01$4.53$5.0069.4%19.9%35.4%30.8%0.0%0.0%-18.5%5.2K-290.8K-1.4K0.00105.10N/AN/A10101,33672
2008-08-04$4.49$0.0066.5%16.4%35.4%28.5%0.0%0.0%0.8%5.1K-291.9K-1.4K0.00103.69N/AN/A501,35772
2008-08-05$4.52$0.0070.1%15.6%34.4%31.4%0.0%0.0%-2.2%5.3K-292.8K-1.4K0.00102.05N/AN/A001,36272
2008-08-06$4.44$0.0080.7%15.2%35.5%39.9%0.0%0.0%2.2%4.8K-294.3K-1.4K0.00105.01N/AN/A001,36272
2008-08-07$4.15$0.0079.2%13.2%43.7%38.7%0.0%0.0%12.8%4.4K-234.7K-1.3K0.00112.37N/AN/A001,36272
2008-08-08$4.25$0.00100.3%12.4%44.3%55.6%0.0%0.0%15.0%4.5K-256.4K-1.3K0.00110.28N/AN/A501,36272
2008-08-11$4.34$0.00110.3%12.6%43.8%63.7%0.0%0.0%15.3%4.9K-255.9K-1.3K0.00112.04N/AN/A0101,36272
2008-08-12$4.46$0.00121.1%15.0%44.1%72.4%0.0%0.0%-1.3%5.1K-276.4K-1.4K0.00102.59N/AN/A801,36282
2008-08-13$4.40$0.00128.2%14.6%43.8%78.1%0.0%0.0%2.2%4.7K-284.2K-1.3K0.00100.75N/AN/A201,36282
2008-08-14$4.27$0.0044.6%12.8%42.2%10.8%0.0%0.0%12.3%4.4K-260.9K-1.3K0.00111.53N/AN/A601,36482
2008-08-15$4.25$0.0047.4%13.6%42.0%13.1%60.8%0.0%14.1%4.4K-260.0K-1.3K0.00111.58N/AN/A1401,36482
2008-08-18$4.19$0.0048.4%13.9%42.4%13.9%0.0%0.0%8.6%4.5K-235.2K-1.3K0.00112.47N/AN/A501,35882
2008-08-19$4.12$0.0047.4%13.6%37.7%13.1%0.0%0.0%4.0%4.5K-230.2K-1.2K0.00108.32N/AN/A001,35882
2008-08-20$4.17$0.0052.4%15.0%38.1%17.1%0.0%0.0%6.7%4.5K-231.5K-1.2K0.00111.27N/AN/A001,35882
2008-08-21$4.17$0.0050.3%14.4%37.8%15.4%0.0%0.0%5.2%4.7K-220.9K-1.2K0.00108.32N/AN/A001,35882
2008-08-22$4.22$0.0052.3%15.0%36.6%17.0%90.2%0.0%5.5%4.7K-240.1K-1.2K0.00110.84N/AN/A1001,35882
2008-08-25$4.21$0.0041.1%11.8%34.9%8.0%0.0%0.0%10.1%4.8K-225.8K-1.2K0.0094.44N/AN/A001,35882
2008-08-26$4.20$0.0038.3%11.0%33.4%5.7%101.8%0.0%9.9%4.9K-211.3K-1.1K0.0092.01N/AN/A501,35882
2008-08-27$4.21$2.5042.8%12.3%33.3%9.3%0.0%0.0%9.7%4.9K-223.2K-1.1K0.0094.97N/AN/A001,36382
2008-08-28$4.37$2.5041.5%11.9%36.4%8.3%0.0%0.0%31.2%5.2K-246.7K-1.2K0.0099.19N/AN/A001,36382
2008-08-29$4.27$2.5043.0%12.3%37.1%9.5%0.0%0.0%28.1%5.0K-236.5K-1.2K0.0095.37N/AN/A001,36382