ACTU Options History — September 2008

In September 2008, ACTU traded between $3.39 and $4.24. ATM implied volatility averaged 80.4%, placing in the 39.6% IV rank vs the trailing year. The 30-day expected move averaged 22.1%. IV traded above realized volatility by 27.0% (HV 20d: 53.4%). 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 11 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-09-19: Highest Volume — 14 contracts
  • 2008-09-15: Largest IV spike — 61.9% change
  • 2008-09-29: Highest IV Rank — 92.5%
  • 2008-09-29: Largest Expected Move — 41.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.85$3.39$4.24$4.24$3.50
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV80.4%37.4%146.1%46.6%120.4%
Expected Move22.1%10.7%41.9%13.4%34.5%
HV 20d53.4%30.1%74.3%37.1%74.3%
HV 60d45.3%37.4%52.9%37.9%52.9%
IV Rank39.6%5.0%92.5%12.4%71.6%
IV Percentile78.5%4.0%99.6%23.8%98.0%
Term Structure-12.6%-50.3%7.6%7.6%-50.3%
VWIV93.9%93.9%93.9%93.9%93.9%
Bid-Ask Spread %99.2589.96182.8294.8998.67
Gamma HHI0.940.851.000.950.98
Net GEX3.6K1.8K5.5K5.5K1.8K
Net DEX-169.4K-195.6K-97.5K-193.8K-154.2K
Net VEX-860-1.1K-578-1.0K-687
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.04801410
Total OI1,438.9521,4231,4461,4451,439

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-09-02$4.24$2.5046.6%13.4%37.1%12.4%0.0%0.0%7.6%5.5K-193.8K-1.0K0.0094.89N/AN/A101,36382
2008-09-03$4.18$2.5037.4%10.7%37.1%5.0%0.0%0.0%6.8%5.2K-194.6K-1.1K0.0092.38N/AN/A201,36482
2008-09-04$4.06$2.5049.9%14.3%37.9%15.1%0.0%0.0%5.6%4.8K-179.2K-9960.0094.66N/AN/A001,36282
2008-09-05$4.00$2.5062.7%14.8%30.1%25.4%0.0%0.0%2.0%4.5K-170.0K-9630.0093.92N/AN/A001,36282
2008-09-08$4.15$2.5067.0%13.9%31.9%28.9%0.0%0.0%4.3%5.1K-188.6K-9830.0094.23N/AN/A001,36282
2008-09-09$3.94$2.5069.7%15.2%35.4%31.0%0.0%0.0%0.5%4.4K-173.9K-9650.0094.31N/AN/A001,36282
2008-09-10$4.13$2.5072.5%14.9%38.4%33.3%93.9%0.0%3.8%5.0K-188.2K-9690.0096.94N/AN/A601,36282
2008-09-11$4.08$2.5051.7%14.8%38.4%16.5%0.0%0.0%3.5%4.7K-180.2K-9410.0090.24N/AN/A001,35682
2008-09-12$4.01$2.5059.2%17.0%37.5%22.5%0.0%0.0%6.9%4.4K-195.6K-9790.0097.67N/AN/A001,35682
2008-09-15$3.69$2.5095.8%27.5%47.0%52.0%0.0%0.0%-38.3%2.5K-162.3K-7780.0094.24N/AN/A021,35682
2008-09-16$3.85$2.5065.4%18.7%50.1%27.6%0.0%0.0%1.7%3.9K-185.9K-9360.0096.94N/AN/A401,35682
2008-09-17$3.52$2.5095.2%27.3%58.5%51.6%0.0%0.0%-40.1%2.1K-154.8K-7360.0093.67N/AN/A001,35682
2008-09-18$3.87$2.5071.0%20.4%68.7%32.1%0.0%0.0%1.7%3.8K-190.1K-9190.0098.48N/AN/A1001,35682
2008-09-19$3.88$2.5069.4%19.9%68.7%30.8%0.0%0.0%-0.6%3.9K-187.4K-9140.0097.98N/AN/A1401,34682
2008-09-22$3.67$2.50104.2%29.9%70.8%58.8%0.0%0.0%-29.2%2.2K-150.4K-7280.0095.10N/AN/A101,34182
2008-09-23$3.78$2.5077.0%22.1%72.0%36.3%0.0%0.0%-27.4%2.5K-162.5K-7610.0096.17N/AN/A001,35582
2008-09-24$3.67$2.50103.0%29.5%72.5%57.5%0.0%0.0%-34.7%2.6K-131.4K-6980.0089.96N/AN/A001,35582
2008-09-25$3.65$2.50112.3%32.2%72.4%65.0%0.0%0.0%-41.7%2.1K-159.0K-7210.0096.06N/AN/A301,35582
2008-09-26$3.60$2.50112.9%32.4%70.5%65.5%0.0%0.0%-43.0%2.0K-157.5K-7130.0094.93N/AN/A001,35782
2008-09-29$3.39$2.50146.1%41.9%72.6%92.5%0.0%0.0%-4.2%2.2K-97.5K-5780.00182.82N/AN/A001,35782
2008-09-30$3.50$2.50120.4%34.5%74.3%71.6%0.0%0.0%-50.3%1.8K-154.2K-6870.0098.67N/AN/A001,35782