AMD Options History — March 2020

In March 2020, AMD traded between $38.24 and $49.70. ATM implied volatility averaged 85.7%, placing in the 75.0% IV rank vs the trailing year. The 30-day expected move averaged 24.3%. IV traded above realized volatility by 6.0% (HV 20d: 79.7%). Max pain ranged from $42.00 to $50.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.81.

Notable Days

2020-03-16: Highest Volume — 487,510 contracts
2020-03-12: Largest IV spike — 22.1% change
2020-03-09: Highest IV Rank — 100.0%
2020-03-18: Largest Expected Move — 34.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.41	$38.24	$49.70	$46.88	$45.56
Max Pain	$43.45	$42.00	$50.00	$50.00	$42.00
ATM IV	85.7%	67.1%	119.4%	71.5%	73.6%
Expected Move	24.3%	19.5%	34.2%	21.6%	19.5%
HV 20d	79.7%	59.1%	95.4%	59.5%	92.8%
HV 60d	56.8%	45.1%	66.0%	45.4%	65.5%
IV Rank	75.0%	43.9%	100.0%	73.9%	45.3%
IV Percentile	97.9%	92.1%	100.0%	99.2%	92.5%
Term Structure	-1.8%	-11.1%	12.8%	-2.5%	-9.6%
VWIV	85.5%	68.5%	118.8%	76.1%	68.5%
Skew 25d	19.2%	13.3%	29.9%	13.7%	15.6%
Skew 10d	36.7%	18.9%	58.6%	28.5%	18.9%
Call IV 25d	76.4%	61.7%	104.0%	65.0%	67.3%
Put IV 25d	95.7%	75.6%	133.9%	78.7%	82.9%
Bid-Ask Spread %	7.02	2.13	14.40	2.13	5.67
Gamma HHI	0.05	0.04	0.07	0.06	0.07
Net GEX	13.7M	-4.5M	37.8M	20.9M	13.1M
Net DEX	-694.2M	-1.79B	451.5M	-933.7M	-992.5M
Net VEX	-14.5M	-16.1M	-13.3M	-14.8M	-13.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.81	0.60	1.17	0.60	0.82
Total Volume	313,331.773	206,621	487,510	277,399	238,742
Total OI	2,334,243.182	2,034,772	2,552,830	2,326,031	2,115,866

Daily Data (22 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 Vol	Put Vol	Call OI	Put OI
2020-03-02	$46.88	$50.00	71.5%	21.6%	59.5%	73.9%	76.1%	13.7%	-2.5%	20.9M	-933.7M	-14.8M	0.60	2.13	173,885	103,514	1,274,013	1,052,018
2020-03-03	$47.10	$50.00	74.1%	22.9%	59.1%	79.2%	83.1%	17.2%	-2.1%	22.6M	-1.03B	-15.3M	0.77	3.30	239,678	184,708	1,302,662	1,078,044
2020-03-04	$49.70	$50.00	67.1%	20.5%	61.2%	64.8%	75.4%	13.8%	-1.2%	37.8M	-1.79B	-15.7M	0.78	2.47	167,465	130,313	1,339,857	1,125,105
2020-03-05	$47.83	$43.00	73.6%	19.9%	62.7%	78.2%	71.6%	14.6%	-2.1%	28.0M	-1.20B	-15.7M	0.81	3.85	165,769	133,885	1,360,745	1,133,402
2020-03-06	$47.88	$43.00	78.7%	21.8%	62.5%	88.6%	74.9%	16.8%	-0.7%	35.5M	-1.17B	-16.1M	0.60	8.54	261,959	156,988	1,385,682	1,167,148
2020-03-09	$43.78	$43.00	88.7%	24.6%	69.5%	100.0%	85.8%	19.6%	-2.2%	8.7M	-312.9M	-15.2M	0.77	5.25	188,278	144,599	1,328,797	1,087,587
2020-03-10	$45.07	$43.00	76.8%	21.3%	68.1%	77.7%	76.4%	16.4%	-2.3%	12.1M	-517.5M	-15.3M	0.74	5.87	157,712	116,521	1,357,041	1,111,758
2020-03-11	$45.67	$43.00	81.4%	22.4%	67.4%	86.4%	80.7%	13.3%	-3.5%	18.0M	-739.3M	-15.6M	0.91	6.41	157,605	143,660	1,376,550	1,121,091
2020-03-12	$39.68	$43.00	99.4%	27.4%	81.9%	100.0%	95.0%	19.8%	-5.7%	-4.5M	451.5M	-13.9M	0.96	8.13	187,721	179,538	1,387,382	1,141,538
2020-03-13	$41.92	$43.00	90.1%	24.8%	85.3%	85.4%	88.3%	26.6%	-7.5%	-2.0M	168.9M	-14.2M	0.96	12.51	201,909	193,652	1,394,248	1,141,944
2020-03-16	$40.99	$43.00	104.9%	29.9%	84.8%	100.0%	103.1%	24.1%	12.8%	-380.2K	134.8M	-14.2M	1.09	7.78	233,768	253,742	1,225,847	1,108,010
2020-03-17	$41.43	$42.00	99.5%	28.4%	83.2%	92.1%	102.0%	24.2%	-11.1%	309.7K	-111.3M	-14.5M	0.87	14.40	168,211	145,975	1,245,156	1,113,713
2020-03-18	$38.24	$42.00	119.4%	34.2%	84.3%	100.0%	118.8%	29.9%	-3.9%	-3.3M	355.9M	-13.6M	1.17	8.14	135,194	158,153	1,265,374	1,117,022
2020-03-19	$40.82	$42.00	97.9%	27.6%	89.7%	74.3%	95.9%	19.5%	6.4%	1.4M	-53.8M	-14.1M	0.66	9.94	170,397	113,071	1,286,104	1,105,057
2020-03-20	$40.27	$42.00	94.3%	26.8%	87.3%	70.1%	93.0%	21.2%	0.9%	-1.1M	151.0M	-13.3M	0.84	10.85	200,690	168,754	1,303,356	1,106,063
2020-03-23	$41.05	$42.00	85.1%	24.6%	85.5%	59.0%	84.7%	24.0%	-5.2%	3.3M	-298.4M	-13.3M	0.68	5.57	156,895	106,434	1,067,468	967,304
2020-03-24	$46.07	$42.00	83.3%	23.7%	95.3%	56.8%	83.4%	16.9%	0.3%	19.3M	-1.40B	-14.3M	0.75	7.54	206,138	154,313	1,115,546	985,330
2020-03-25	$45.43	$42.00	91.0%	25.1%	95.4%	66.0%	87.6%	20.2%	-5.6%	18.6M	-1.27B	-14.4M	0.75	9.49	120,292	90,041	1,128,764	1,005,413
2020-03-26	$46.84	$42.00	80.7%	23.6%	93.4%	53.8%	83.3%	17.6%	1.4%	24.8M	-1.56B	-14.4M	0.85	5.87	112,209	95,575	1,141,570	1,017,719
2020-03-27	$47.10	$42.00	80.9%	22.9%	93.3%	54.0%	80.0%	16.5%	-1.9%	29.1M	-1.65B	-14.4M	0.81	7.24	148,835	119,890	1,158,267	1,046,686
2020-03-30	$47.78	$42.00	72.4%	20.2%	91.2%	43.9%	72.9%	21.2%	4.9%	20.0M	-1.52B	-14.2M	0.66	3.58	124,372	82,249	1,067,775	993,328
2020-03-31	$45.56	$42.00	73.6%	19.5%	92.8%	45.3%	68.5%	15.6%	-9.6%	13.1M	-992.5M	-13.4M	0.82	5.67	131,487	107,255	1,101,948	1,013,918