AMZN Options History — December 2018

In December 2018, AMZN traded between $67.24 and $88.40. ATM implied volatility averaged 43.1%, placing in the 73.8% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded below realized volatility by 7.9% (HV 20d: 51.0%). Max pain ranged from $75.00 to $84.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.81.

Notable Days

2018-12-21: Highest Volume — 7,694,640 contracts
2018-12-04: Largest IV spike — 21.8% change
2018-12-24: Highest IV Rank — 100.0%
2018-12-24: Largest Expected Move — 16.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$78.27	$67.24	$88.40	$88.40	$75.14
Max Pain	$78.39	$75.00	$84.00	$83.75	$75.00
ATM IV	43.1%	29.5%	54.6%	29.5%	47.4%
Expected Move	12.5%	8.8%	16.0%	8.8%	12.6%
HV 20d	51.0%	45.8%	59.8%	49.9%	56.1%
HV 60d	50.9%	48.0%	55.3%	48.0%	55.2%
IV Rank	73.8%	36.2%	100.0%	36.2%	80.6%
IV Percentile	86.7%	50.4%	100.0%	50.4%	96.8%
Term Structure	0.8%	-1.6%	4.8%	1.1%	-1.0%
VWIV	43.5%	31.8%	55.4%	31.8%	44.2%
Skew 25d	6.2%	3.2%	10.2%	3.2%	6.7%
Skew 10d	11.5%	5.7%	20.6%	5.7%	12.2%
Call IV 25d	40.2%	28.4%	49.5%	28.4%	45.4%
Put IV 25d	46.4%	31.6%	59.7%	31.6%	52.1%
Bid-Ask Spread %	35.38	23.53	53.54	40.37	38.95
Gamma HHI	0.02	0.01	0.07	0.03	0.02
Net GEX	45.4M	-427.2M	655.5M	655.5M	130.9M
Net DEX	-746.3M	-26.32B	20.62B	-26.32B	-420.2M
Net VEX	-151.4M	-169.4M	-123.3M	-161.7M	-138.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.81	0.68	0.94	0.84	0.79
Total Volume	4,450,627	2,917,340	7,694,640	3,919,100	2,917,340
Total OI	18,743,342	16,876,720	20,505,560	17,522,160	17,093,460

Daily Data (20 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
2018-12-03	$88.40	$83.75	29.5%	8.8%	49.9%	36.2%	31.8%	3.2%	1.1%	655.5M	-26.32B	-161.7M	0.84	40.37	N/A	N/A	2,126,480	1,792,620	8,654,700	8,867,460
2018-12-04	$83.53	$84.00	36.0%	11.4%	53.4%	55.0%	39.5%	4.3%	-0.0%	81.5M	-9.00B	-165.5M	0.92	47.76	N/A	N/A	2,650,260	2,424,960	8,986,300	9,277,240
2018-12-05	$83.59	$84.00	36.4%	11.6%	53.4%	56.1%	40.8%	3.9%	0.4%	79.3M	-9.01B	-163.2M	0.90	53.54	N/A	N/A	2,779,820	2,513,560	8,986,300	9,277,240
2018-12-06	$84.80	$78.25	37.0%	10.7%	48.1%	57.9%	37.7%	4.6%	0.3%	171.0M	-12.65B	-169.4M	0.74	25.75	N/A	N/A	2,954,680	2,191,980	9,455,020	9,687,560
2018-12-07	$82.91	$78.25	39.0%	11.2%	48.7%	63.9%	39.5%	4.5%	0.1%	84.3M	-6.77B	-166.8M	0.86	28.12	N/A	N/A	1,576,600	1,349,680	9,923,960	10,039,300
2018-12-10	$82.10	$78.25	40.7%	11.7%	48.6%	68.8%	40.9%	5.9%	-0.0%	65.3M	-5.90B	-164.5M	0.94	23.59	N/A	N/A	1,788,200	1,672,060	8,999,380	9,208,960
2018-12-11	$82.52	$78.25	39.9%	11.5%	45.8%	66.4%	40.3%	5.9%	0.3%	173.5M	-7.64B	-165.5M	0.77	24.99	N/A	N/A	1,880,440	1,445,700	9,350,240	9,473,480
2018-12-12	$83.74	$78.25	38.3%	11.1%	45.9%	61.8%	38.5%	5.7%	0.4%	399.4M	-12.11B	-166.9M	0.72	28.07	N/A	N/A	2,358,900	1,691,720	9,608,920	9,640,000
2018-12-13	$82.69	$79.00	38.1%	11.1%	45.8%	61.3%	38.4%	5.5%	0.7%	170.7M	-7.99B	-163.9M	0.72	23.53	N/A	N/A	2,008,180	1,436,200	9,867,220	9,887,820
2018-12-14	$79.37	$79.00	42.0%	12.1%	48.2%	72.8%	41.3%	6.0%	0.5%	-324.6M	3.83B	-157.6M	0.83	30.55	N/A	N/A	3,122,820	2,595,580	10,121,080	10,006,840
2018-12-17	$75.41	$79.25	46.8%	13.4%	51.3%	86.7%	46.0%	6.7%	-1.0%	-253.0M	9.67B	-146.1M	0.88	29.87	N/A	N/A	1,598,120	1,402,280	9,249,840	9,248,300
2018-12-18	$77.72	$78.00	45.7%	13.1%	48.3%	83.5%	45.3%	6.1%	-0.1%	-74.5M	2.82B	-153.7M	0.71	27.51	N/A	N/A	1,965,980	1,388,440	9,703,300	9,330,720
2018-12-19	$74.90	$77.75	46.3%	13.3%	50.2%	85.1%	45.3%	6.9%	-0.7%	-300.1M	10.37B	-142.8M	0.79	46.74	N/A	N/A	2,546,920	2,006,320	10,038,300	9,466,620
2018-12-20	$72.86	$77.50	46.9%	13.5%	51.0%	86.9%	46.4%	6.6%	-0.5%	-427.2M	14.12B	-135.9M	0.86	46.65	N/A	N/A	3,066,700	2,648,460	10,442,920	9,496,080
2018-12-21	$68.89	$77.00	50.9%	14.7%	54.4%	98.6%	50.8%	8.6%	-1.6%	-356.6M	20.62B	-125.2M	0.81	44.11	N/A	N/A	4,255,320	3,439,320	10,950,440	9,555,120
2018-12-24	$67.24	$76.50	54.6%	16.0%	50.6%	100.0%	55.4%	10.2%	3.5%	-147.3M	14.63B	-123.3M	0.85	37.75	N/A	N/A	1,628,440	1,377,320	8,612,860	8,263,860
2018-12-26	$72.98	$75.75	49.6%	14.6%	59.8%	86.5%	51.2%	8.0%	4.4%	120.8M	3.43B	-139.4M	0.87	32.62	N/A	N/A	2,404,020	2,085,100	8,950,500	8,353,540
2018-12-27	$72.78	$75.00	50.3%	14.5%	55.2%	88.4%	51.0%	7.8%	4.5%	178.2M	3.55B	-138.6M	0.74	37.29	N/A	N/A	2,887,940	2,129,280	9,297,300	8,724,440
2018-12-28	$73.81	$75.00	47.3%	13.4%	55.6%	80.3%	46.6%	6.9%	4.8%	480.2M	-158.3M	-139.6M	0.68	39.77	N/A	N/A	4,101,420	2,803,380	9,773,320	8,996,900
2018-12-31	$75.14	$75.00	47.4%	12.6%	56.1%	80.6%	44.2%	6.7%	-1.0%	130.9M	-420.2M	-138.4M	0.79	38.95	N/A	N/A	1,633,980	1,283,360	8,706,580	8,386,880