ACTU Options History — November 2008

In November 2008, ACTU traded between $2.40 and $3.27. ATM implied volatility averaged 110.8%, placing in the 47.9% IV rank vs the trailing year. The 30-day expected move averaged 25.9%. IV traded below realized volatility by 4.4% (HV 20d: 115.2%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.00.

Notable Days

2008-11-25: Highest Volume — 152 contracts
2008-11-21: Largest IV drop — 57.5% change
2008-11-19: Highest IV Rank — 88.1%
2008-11-14: Largest Expected Move — 38.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.00	$2.40	$3.27	$3.10	$2.63
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	110.8%	65.4%	176.5%	80.3%	69.7%
Expected Move	25.9%	18.7%	38.9%	23.0%	20.0%
HV 20d	115.2%	87.0%	144.7%	144.7%	90.9%
HV 60d	96.6%	94.8%	104.2%	95.0%	104.2%
IV Rank	47.9%	20.2%	88.1%	29.3%	22.8%
IV Percentile	88.0%	65.1%	99.2%	84.9%	69.8%
Term Structure	-32.7%	-98.4%	6.5%	-31.5%	-5.9%
VWIV	100.0%	76.8%	115.6%	107.6%	76.8%
Bid-Ask Spread %	95.79	69.32	132.22	96.75	132.22
Gamma HHI	0.56	0.50	0.82	0.50	0.51
Net GEX	246	81	1.1K	194	93
Net DEX	-6.6K	-22.5K	-972	-9.7K	-1.4K
Net VEX	-34	-134	-21	-25	-29
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.01	0.00	0.01
Total Volume	19.632	0	152	10	0
Total OI	861.105	776	925	910	803

Daily Data (19 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
2008-11-03	$3.10	$2.50	80.3%	23.0%	144.7%	29.3%	0.0%	0.0%	-31.5%	194	-9.7K	-25	0.00	96.75	N/A	N/A	10	0	898	12
2008-11-04	$3.17	$2.50	89.8%	25.8%	144.2%	35.1%	0.0%	0.0%	-44.8%	260	-10.7K	-28	0.00	98.66	N/A	N/A	5	0	898	12
2008-11-05	$3.14	$2.50	94.5%	27.1%	140.2%	38.0%	0.0%	0.0%	-50.4%	287	-11.8K	-35	0.00	100.56	N/A	N/A	10	0	903	12
2008-11-06	$3.16	$2.50	96.0%	27.5%	138.1%	38.9%	107.6%	0.0%	-7.0%	1.1K	-22.5K	-134	0.00	69.32	N/A	N/A	20	0	913	12
2008-11-07	$3.27	$2.50	97.3%	27.9%	134.0%	39.7%	0.0%	0.0%	-42.8%	472	-14.3K	-47	0.00	71.99	N/A	N/A	1	0	913	12
2008-11-10	$3.24	$0.00	111.5%	32.0%	128.8%	48.4%	0.0%	0.0%	-76.4%	237	-6.1K	-25	0.00	74.80	N/A	N/A	0	0	892	12
2008-11-11	$3.19	$0.00	120.8%	34.6%	128.1%	54.1%	0.0%	0.0%	-88.2%	213	-5.6K	-25	0.00	74.18	N/A	N/A	0	0	892	12
2008-11-12	$3.16	$0.00	121.4%	34.8%	117.7%	54.4%	0.0%	0.0%	-83.2%	214	-5.6K	-26	0.00	72.71	N/A	N/A	0	0	892	12
2008-11-13	$3.19	$0.00	125.1%	35.9%	113.7%	56.7%	0.0%	0.0%	-85.2%	209	-5.7K	-22	0.00	72.71	N/A	N/A	0	0	892	12
2008-11-14	$3.16	$0.00	135.7%	38.9%	113.0%	63.2%	0.0%	0.0%	-98.4%	212	-5.6K	-25	0.00	75.70	N/A	N/A	0	0	892	12
2008-11-17	$3.09	$2.50	168.9%	21.1%	109.7%	83.5%	115.6%	0.0%	5.6%	153	-4.8K	-23	0.00	93.20	N/A	N/A	150	0	892	12
2008-11-18	$3.12	$2.50	172.2%	21.0%	101.5%	85.5%	0.0%	0.0%	-6.6%	188	-5.2K	-21	0.00	114.95	N/A	N/A	0	0	764	12
2008-11-19	$3.02	$2.50	176.5%	21.1%	102.1%	88.1%	0.0%	0.0%	-12.0%	160	-4.6K	-21	0.00	104.81	N/A	N/A	15	0	764	12
2008-11-20	$2.75	$2.50	165.2%	22.1%	107.4%	81.2%	0.0%	0.0%	-6.1%	222	-3.7K	-32	0.00	117.74	N/A	N/A	0	10	779	12
2008-11-21	$2.85	$2.50	70.1%	20.1%	101.2%	23.1%	0.0%	0.0%	-2.5%	120	-2.7K	-30	0.00	123.76	N/A	N/A	0	0	779	22
2008-11-24	$2.87	$2.50	71.5%	20.5%	96.8%	23.9%	0.0%	0.0%	2.5%	97	-2.9K	-29	0.00	98.46	N/A	N/A	0	0	779	22
2008-11-25	$2.40	$2.50	65.4%	18.7%	87.0%	20.2%	76.8%	0.0%	6.5%	81	-972	-26	0.01	113.57	N/A	N/A	150	2	779	22
2008-11-26	$2.55	$2.50	72.9%	20.9%	90.2%	24.8%	0.0%	0.0%	5.7%	176	-2.0K	-40	0.00	113.82	N/A	N/A	0	0	779	24
2008-11-28	$2.63	$2.50	69.7%	20.0%	90.9%	22.8%	0.0%	0.0%	-5.9%	93	-1.4K	-29	0.00	132.22	N/A	N/A	0	0	779	24