AMZN Options History — December 2008

In December 2008, AMZN traded between $2.02 and $2.66. ATM implied volatility averaged 82.9%, placing in the 53.7% IV rank vs the trailing year. The 30-day expected move averaged 23.4%. IV traded below realized volatility by 3.0% (HV 20d: 85.8%). Max pain ranged from $2.13 to $3.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.34.

Notable Days

  • 2008-12-04: Highest Volume — 1,241,860 contracts
  • 2008-12-03: Largest IV drop — 11.3% change
  • 2008-12-02: Highest IV Rank — 83.7%
  • 2008-12-02: Largest Expected Move — 31.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.47$2.02$2.66$2.02$2.56
Max Pain$2.77$2.13$3.00$2.13$2.75
ATM IV82.9%61.8%111.1%104.4%61.8%
Expected Move23.4%17.7%31.9%29.9%17.7%
HV 20d85.8%64.7%109.1%103.6%64.7%
HV 60d98.5%92.6%102.1%98.6%93.0%
IV Rank53.7%31.4%83.7%76.6%31.4%
IV Percentile82.0%60.7%99.2%97.2%60.7%
Term Structure2.4%-11.1%12.7%-2.7%12.1%
VWIV82.4%61.1%112.0%103.8%61.1%
Skew 25d15.7%8.3%22.8%20.0%8.3%
Skew 10d32.7%15.6%51.6%45.6%15.6%
Call IV 25d73.7%56.8%98.3%94.3%56.8%
Put IV 25d89.4%65.1%120.5%114.3%65.1%
Bid-Ask Spread %3.401.226.676.031.22
Gamma HHI0.100.090.140.140.10
Net GEX-961.6K-2.2M651.9K-2.2M-775.7K
Net DEX136.8M-49.0M365.8M365.8M135.5M
Net VEX-2.8M-3.2M-2.3M-2.3M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.732.331.981.28
Total Volume670,001.818119,3001,241,860481,600457,940
Total OI11,069,810.90910,037,26012,051,98010,575,80010,496,440

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-12-01$2.02$2.13104.4%29.9%103.6%76.6%103.8%20.0%-2.7%-2.2M365.8M-2.3M1.986.03N/AN/A161,720319,8805,078,0205,497,780
2008-12-02$2.06$2.13111.1%31.9%104.2%83.7%112.0%22.2%-11.1%-2.1M348.9M-2.3M0.816.67N/AN/A510,480414,9805,133,9205,538,160
2008-12-03$2.26$2.2598.6%28.3%109.1%70.4%102.3%22.8%-6.2%-2.1M270.4M-2.5M1.034.68N/AN/A469,660484,6205,057,3405,610,000
2008-12-04$2.37$2.2595.4%27.3%103.6%67.0%97.6%18.8%-4.7%-1.7M204.8M-2.7M1.565.87N/AN/A484,320757,5405,105,6205,683,240
2008-12-05$2.41$3.0096.1%26.3%98.0%67.7%94.4%20.1%-4.2%-1.6M188.8M-2.8M1.494.83N/AN/A337,700503,5605,179,5605,818,160
2008-12-08$2.57$3.00100.0%25.9%99.5%71.9%87.8%18.9%-2.3%-619.1K66.1M-2.9M0.734.29N/AN/A536,000393,7805,245,5605,866,260
2008-12-09$2.56$3.0096.9%25.7%99.3%68.6%87.8%16.1%-2.7%-396.8K35.2M-3.2M1.003.86N/AN/A585,280582,7205,550,4805,945,820
2008-12-10$2.48$3.0091.8%25.2%98.5%63.2%90.9%19.0%-1.2%-997.1K102.0M-3.2M2.173.98N/AN/A167,500363,2805,752,9606,063,280
2008-12-11$2.41$3.0088.6%25.4%90.3%59.8%85.5%18.8%-2.1%-1.5M151.5M-3.0M1.173.11N/AN/A194,680226,9205,730,0206,027,180
2008-12-12$2.56$3.0084.4%24.2%88.7%55.3%83.8%17.3%1.2%-265.1K32.2M-3.1M1.202.97N/AN/A331,020397,1805,775,4006,048,300
2008-12-15$2.44$3.0086.2%24.7%86.1%57.2%87.5%17.8%-0.7%-1.0M126.6M-2.9M1.473.95N/AN/A282,440414,5005,810,2006,004,800
2008-12-16$2.63$3.0078.4%22.5%86.3%48.9%83.9%16.5%2.0%385.3K-20.3M-3.1M2.332.38N/AN/A194,220452,0205,825,2406,033,280
2008-12-17$2.66$3.0077.2%22.1%84.5%47.6%81.3%16.2%2.1%651.9K-49.0M-3.1M0.973.69N/AN/A381,980369,8605,849,2406,064,900
2008-12-18$2.60$3.0078.1%22.4%79.5%48.7%76.6%16.2%1.9%-198.3K3.5M-2.9M1.532.84N/AN/A279,180427,0805,856,9006,152,520
2008-12-19$2.58$3.0070.6%20.2%78.8%40.7%68.5%13.7%5.8%-1.6M43.1M-2.8M0.732.05N/AN/A269,800197,8405,857,1006,194,880
2008-12-22$2.49$2.7569.9%20.0%77.7%39.9%71.2%11.7%10.2%-791.3K186.1M-2.6M1.472.66N/AN/A265,880390,0405,009,7805,027,480
2008-12-23$2.55$2.7567.7%19.4%68.1%37.6%68.4%11.6%11.2%-899.8K161.2M-2.6M1.272.05N/AN/A201,140255,4405,055,5805,135,620
2008-12-24$2.57$2.7566.5%19.1%67.8%36.4%69.3%11.0%12.7%-820.7K153.1M-2.6M1.932.40N/AN/A40,74078,5605,113,7405,192,580
2008-12-26$2.59$2.7567.7%19.4%66.8%37.6%66.4%9.4%9.8%-738.6K135.8M-2.6M0.971.84N/AN/A263,500255,1405,107,1405,182,020
2008-12-29$2.47$2.7566.6%19.1%68.4%36.5%67.5%9.3%10.7%-1.3M215.8M-2.4M1.031.73N/AN/A312,500322,7405,178,2605,246,420
2008-12-30$2.54$2.7564.8%18.6%64.8%34.6%65.2%10.0%11.3%-715.6K152.4M-2.5M1.411.71N/AN/A168,020236,6605,229,0205,205,640
2008-12-31$2.56$2.7561.8%17.7%64.7%31.4%61.1%8.3%12.1%-775.7K135.5M-2.4M1.281.22N/AN/A201,100256,8405,243,4205,253,020