AMZN Options History — September 2008

In September 2008, AMZN traded between $3.17 and $4.07. ATM implied volatility averaged 53.7%, placing in the 36.4% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 1.3% (HV 20d: 52.4%). Max pain ranged from $3.75 to $4.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.28.

Notable Days

  • 2008-09-17: Highest Volume — 1,779,040 contracts
  • 2008-09-29: Largest IV spike — 31.6% change
  • 2008-09-29: Highest IV Rank — 81.7%
  • 2008-09-29: Largest Expected Move — 23.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.80$3.17$4.07$4.07$3.64
Max Pain$3.94$3.75$4.00$4.00$3.75
ATM IV53.7%41.6%80.4%42.7%66.6%
Expected Move15.5%12.2%23.1%12.2%19.1%
HV 20d52.4%33.1%91.4%49.2%91.4%
HV 60d54.5%50.1%69.1%50.3%69.1%
IV Rank36.4%15.8%81.7%17.7%58.3%
IV Percentile71.7%39.3%98.4%46.0%90.5%
Term Structure3.0%-1.1%6.1%3.8%2.0%
VWIV54.5%42.2%78.3%42.2%68.6%
Skew 25d6.4%3.4%17.4%3.4%10.0%
Skew 10d12.8%6.5%30.8%6.5%21.4%
Call IV 25d51.2%41.1%70.6%41.2%60.9%
Put IV 25d57.7%44.5%88.0%44.5%70.9%
Bid-Ask Spread %5.792.4015.872.405.57
Gamma HHI0.140.080.240.110.13
Net GEX-7.8M-24.0M3.3M-2.6M-6.0M
Net DEX-49.0M-431.2M376.7M-335.9M35.0M
Net VEX-5.2M-5.6M-4.2M-5.6M-4.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.280.541.910.951.29
Total Volume898,397.143454,6601,779,040454,6601,497,760
Total OI11,106,365.7149,369,40012,240,40011,149,06010,557,760

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-09-02$4.07$4.0042.7%12.2%49.2%17.7%42.2%3.4%3.8%-2.6M-335.9M-5.6M0.952.40N/AN/A233,320221,3404,742,2806,406,780
2008-09-03$4.04$4.0042.5%12.2%46.9%17.4%43.0%3.9%3.8%-4.8M-272.7M-5.6M1.153.89N/AN/A235,500271,5404,723,7006,461,580
2008-09-04$3.90$4.0043.4%12.5%48.4%19.0%44.8%3.7%4.2%-9.3M-89.4M-5.4M1.552.73N/AN/A355,620551,2004,739,7006,459,340
2008-09-05$3.96$4.0041.6%13.5%48.3%15.8%47.9%4.8%4.5%-7.5M-164.6M-5.6M1.163.65N/AN/A253,500294,1804,844,0206,603,840
2008-09-08$4.06$4.0044.9%13.6%46.4%21.5%48.2%4.3%4.5%-3.4M-314.8M-5.5M1.104.32N/AN/A470,440518,0604,860,7406,641,080
2008-09-09$3.95$4.0046.9%13.9%33.1%24.9%50.3%3.8%4.2%-8.5M-146.2M-5.5M1.284.09N/AN/A220,380282,2604,878,5606,652,420
2008-09-10$3.84$4.0048.4%14.2%34.1%27.4%49.1%4.0%3.6%-14.5M39.6M-5.3M1.484.70N/AN/A383,260565,8204,851,5606,694,440
2008-09-11$3.98$4.0049.2%14.1%37.2%28.7%49.9%5.1%3.9%-8.8M-159.1M-5.5M1.915.61N/AN/A267,640511,4604,875,2406,782,960
2008-09-12$3.92$4.0050.0%14.3%36.7%30.1%51.0%5.1%3.5%-11.7M-75.5M-5.4M1.005.68N/AN/A316,260315,1804,910,4806,869,600
2008-09-15$3.87$4.0056.1%16.1%36.4%40.5%55.5%5.4%0.4%-12.0M-36.0M-5.3M0.546.01N/AN/A604,480328,1604,972,6806,861,780
2008-09-16$3.94$4.0056.5%16.2%35.1%41.1%57.2%6.3%-1.1%-8.5M-151.4M-5.4M0.667.10N/AN/A707,640465,6205,094,0606,869,480
2008-09-17$3.58$4.0057.0%16.3%47.9%41.9%56.6%7.8%1.2%-24.0M376.7M-5.0M1.827.31N/AN/A630,5001,148,5405,308,8406,931,560
2008-09-18$3.83$4.0051.6%14.8%54.3%32.8%52.5%7.1%1.4%-14.8M5.2M-5.1M1.1715.87N/AN/A664,340775,6005,331,6006,782,680
2008-09-19$4.05$4.0051.9%14.9%58.2%33.3%52.1%7.4%0.0%3.3M-431.2M-5.3M0.787.59N/AN/A562,540437,3205,374,6406,573,500
2008-09-22$3.75$4.0058.8%16.8%63.3%45.0%58.4%6.2%4.6%-2.2M-73.1M-4.9M1.186.60N/AN/A320,240378,9604,393,7804,975,620
2008-09-23$3.59$4.0054.5%15.6%64.2%37.7%54.2%6.8%6.1%-4.4M75.4M-4.7M0.954.35N/AN/A409,140390,1204,517,7205,082,560
2008-09-24$3.50$3.7562.7%18.0%64.5%51.7%62.2%6.2%2.4%-3.9M122.6M-4.6M1.913.11N/AN/A287,280549,7404,654,8405,124,740
2008-09-25$3.60$3.7560.7%17.4%65.9%48.3%61.9%8.7%3.6%-4.3M46.7M-4.8M1.744.44N/AN/A276,020480,6804,711,7205,328,000
2008-09-26$3.54$3.7561.1%17.5%65.2%49.0%61.8%8.1%5.4%-7.3M147.9M-4.8M1.744.85N/AN/A214,680373,3604,747,6605,590,540
2008-09-29$3.17$3.7580.4%23.1%74.2%81.7%78.3%17.4%0.9%-7.5M372.2M-4.2M1.5411.66N/AN/A432,080664,5804,792,5805,657,020
2008-09-30$3.64$3.7566.6%19.1%91.4%58.3%68.6%10.0%2.0%-6.0M35.0M-4.9M1.295.57N/AN/A652,820844,9404,827,1205,730,640