AMZN Options History — May 2007

In May 2007, AMZN traded between $3.03 and $3.49. ATM implied volatility averaged 35.0%. The 30-day expected move averaged 10.0%. IV traded below realized volatility by 45.2% (HV 20d: 80.2%). Max pain ranged from $2.75 to $3.25. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.52.

Notable Days

  • 2007-05-21: Highest Volume — 5,825,980 contracts
  • 2007-05-07: Largest IV spike — 12.8% change
  • 2007-05-23: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.23$3.03$3.49$3.10$3.46
Max Pain$3.05$2.75$3.25$2.75$3.25
ATM IV35.0%30.0%39.8%37.8%33.8%
Expected Move10.0%8.8%11.4%10.8%9.7%
HV 20d80.2%40.0%97.0%91.5%40.0%
HV 60d59.7%58.3%61.7%58.4%59.5%
Term Structure0.6%-1.2%2.8%0.4%2.8%
VWIV35.8%32.6%40.6%37.7%35.3%
Skew 25d2.7%-0.1%6.0%5.0%0.9%
Skew 10d5.2%-1.7%10.5%10.5%0.6%
Call IV 25d34.2%30.2%40.0%34.4%34.5%
Put IV 25d36.9%33.6%40.8%39.4%35.4%
Bid-Ask Spread %8.304.3616.057.857.97
Gamma HHI0.180.110.310.180.11
Net GEX-3.4M-19.7M7.0M-5.8M1.8M
Net DEX-1.62B-1.97B-949.1M-1.52B-1.88B
Net VEX-6.4M-7.3M-4.3M-6.0M-6.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.520.794.111.520.79
Total Volume1,853,228.182580,6405,825,9801,879,1601,196,620
Total OI22,034,807.27317,640,18024,800,94020,558,70021,981,720

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-05-01$3.10$2.7537.8%10.8%91.5%0.0%37.7%5.0%0.4%-5.8M-1.52B-6.0M1.527.85N/AN/A745,8201,133,3408,518,06012,040,640
2007-05-02$3.06$2.7533.6%9.6%92.4%0.0%34.2%6.0%1.4%-5.9M-1.43B-6.0M1.795.39N/AN/A639,9001,147,8208,798,06012,201,740
2007-05-03$3.11$2.7533.3%9.5%92.3%0.0%33.5%4.3%0.1%-3.4M-1.58B-5.9M4.114.36N/AN/A307,9801,264,7809,030,26012,591,620
2007-05-04$3.16$3.0030.0%8.8%92.1%0.0%32.6%3.4%0.9%-1.7M-1.72B-5.9M2.3611.48N/AN/A704,0601,659,4009,098,00012,912,400
2007-05-07$3.04$3.0033.9%9.5%94.3%0.0%33.3%2.7%0.3%-15.0M-1.30B-6.3M1.0316.05N/AN/A1,119,7401,148,3209,260,96013,442,680
2007-05-08$3.09$3.0035.3%10.2%94.1%0.0%35.5%3.7%-0.9%-10.5M-1.47B-6.5M1.329.50N/AN/A926,1001,222,0809,513,18013,557,060
2007-05-09$3.14$3.0033.5%9.6%93.7%0.0%34.5%3.2%-0.4%-2.0M-1.70B-6.4M0.957.01N/AN/A823,560779,0609,804,60013,744,860
2007-05-10$3.05$3.0034.0%9.7%95.5%0.0%34.3%2.6%1.1%-12.6M-1.34B-6.8M1.1110.88N/AN/A599,120668,02010,014,46013,833,940
2007-05-11$3.08$3.0032.5%9.3%95.4%0.0%33.9%2.9%1.0%-9.6M-1.46B-6.7M1.787.91N/AN/A304,300541,70010,138,92013,795,120
2007-05-14$3.08$3.0033.2%9.5%94.0%0.0%35.3%3.8%1.1%-10.6M-949.1M-4.3M2.079.85N/AN/A189,260391,3807,629,92011,170,000
2007-05-15$3.03$3.0033.0%9.5%94.6%0.0%33.2%3.0%1.0%-19.7M-1.27B-6.6M1.9111.93N/AN/A367,560701,86010,232,72013,975,860
2007-05-16$3.16$3.0034.9%10.0%94.9%0.0%35.6%3.8%0.2%7.0M-1.83B-6.4M1.348.46N/AN/A689,040924,02010,285,70014,026,260
2007-05-17$3.11$3.0034.6%9.9%95.2%0.0%35.3%2.6%1.3%-4.6M-1.35B-6.9M1.107.02N/AN/A653,940720,10010,444,26014,267,620
2007-05-18$3.17$3.0035.8%10.3%95.2%0.0%36.5%3.1%0.6%-2.3M-1.77B-6.4M0.8111.40N/AN/A880,360717,46010,453,58014,347,360
2007-05-21$3.42$3.0039.2%11.2%97.0%0.0%40.6%3.0%-0.2%6.8M-1.84B-6.0M1.356.70N/AN/A2,480,1603,345,8207,956,8409,683,340
2007-05-22$3.44$3.2538.2%11.0%96.8%0.0%38.9%-0.1%-0.9%4.1M-1.90B-6.4M1.177.26N/AN/A868,2001,019,0008,537,32011,055,340
2007-05-23$3.45$3.2539.8%11.4%53.0%0.0%40.1%0.4%-0.7%4.9M-1.90B-6.7M1.445.97N/AN/A2,212,1003,190,7808,745,44011,120,000
2007-05-24$3.47$3.2537.9%10.9%40.8%0.0%38.5%1.6%-1.2%230.9K-1.84B-7.3M1.417.01N/AN/A710,6401,004,4209,317,22012,096,200
2007-05-25$3.43$3.2534.3%9.8%41.2%0.0%34.8%0.7%1.8%-1.4M-1.75B-7.2M1.285.93N/AN/A397,000507,6809,374,20012,192,000
2007-05-29$3.48$3.2535.9%10.3%40.3%0.0%37.3%2.1%1.1%2.2M-1.92B-6.9M1.656.45N/AN/A382,860632,7809,481,86012,206,400
2007-05-30$3.49$3.2534.9%10.0%40.2%0.0%35.7%1.4%1.7%3.6M-1.97B-6.9M1.246.14N/AN/A380,020472,8609,561,98012,326,060
2007-05-31$3.46$3.2533.8%9.7%40.0%0.0%35.3%0.9%2.8%1.8M-1.88B-6.8M0.797.97N/AN/A669,300527,3209,591,06012,390,660