AN Options History — August 2007

In August 2007, AN traded between $18.59 and $20.87. ATM implied volatility averaged 30.0%, placing in the 84.1% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 5.5% (HV 20d: 35.5%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 4.25.

Notable Days

  • 2007-08-29: Highest Volume — 9,072 contracts
  • 2007-08-15: Largest IV spike — 56.0% change
  • 2007-08-10: Highest IV Rank — 100.0%
  • 2007-08-28: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.41$18.59$20.87$19.44$18.98
Max Pain$20.22$20.00$22.50$20.00$20.00
ATM IV30.0%20.9%37.6%26.9%34.2%
Expected Move8.7%6.6%10.5%7.7%9.8%
HV 20d35.5%22.6%41.0%22.6%38.5%
HV 60d24.8%19.0%28.0%19.0%27.8%
IV Rank84.1%60.1%100.0%91.2%87.9%
IV Percentile95.9%68.2%100.0%97.9%97.6%
Term Structure-0.9%-2.9%1.3%-2.3%-2.4%
VWIV31.4%25.6%36.4%26.8%34.4%
Skew 25d6.3%-3.0%13.3%-3.0%4.1%
Skew 10d11.5%-2.1%19.4%-2.1%11.9%
Call IV 25d26.5%17.7%36.8%25.8%32.0%
Put IV 25d32.8%22.7%40.6%22.7%36.1%
Bid-Ask Spread %19.229.6033.859.6019.63
Gamma HHI0.690.310.810.810.35
Net GEX574.5K100.9K819.8K807.4K130.9K
Net DEX-10.8M-29.8M4.2M-12.9M3.9M
Net VEX-174.6K-185.4K-156.7K-175.4K-185.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.250.0621.4021.401.56
Total Volume1,805.957239,0721,63523
Total OI44,622.65242,11950,81742,23450,817

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-08-01$19.44$20.0026.9%7.7%22.6%91.2%26.8%-3.0%-2.3%807.4K-12.9M-175.4K21.409.60N/AN/A731,56230,35011,884
2007-08-02$19.44$20.0024.6%7.1%22.8%79.7%0.0%-1.4%-0.1%745.8K-12.8M-177.8K0.8816.18N/AN/A33029130,09112,894
2007-08-03$18.79$20.0023.2%6.6%24.6%72.0%0.0%5.3%-2.0%682.2K-8.1M-166.7K1.4033.85N/AN/A13118430,17112,959
2007-08-06$19.41$22.5028.3%7.4%28.5%98.5%30.2%8.5%1.3%653.6K-13.0M-179.6K5.1321.04N/AN/A13569330,19112,967
2007-08-07$19.89$22.5025.1%7.3%30.4%82.3%25.6%10.3%0.7%665.0K-17.5M-181.9K0.6823.91N/AN/A38526130,15613,034
2007-08-08$20.63$20.0024.6%7.4%33.6%79.7%25.7%-0.6%1.0%737.6K-25.3M-183.0K3.6919.46N/AN/A4215530,47513,029
2007-08-09$20.87$20.0020.9%7.8%33.7%60.1%26.8%-0.5%0.0%721.0K-29.8M-183.0K0.3818.98N/AN/A52920130,47113,032
2007-08-10$19.93$20.0029.5%8.5%36.2%100.0%29.6%13.3%-1.0%629.8K-19.2M-183.5K0.4118.98N/AN/A25610430,79713,160
2007-08-13$19.66$20.0030.3%8.7%36.4%100.0%30.2%10.2%-1.5%612.4K-15.7M-179.0K9.9118.42N/AN/A5554531,01713,223
2007-08-14$18.94$20.0024.1%9.2%38.0%70.7%0.0%8.0%-1.3%707.2K-8.8M-167.5K8.2015.47N/AN/A4032831,05613,473
2007-08-15$18.59$20.0037.6%10.3%38.2%100.0%35.6%5.6%-0.9%720.5K-5.8M-162.2K5.9518.02N/AN/A4023831,05613,444
2007-08-16$19.00$20.0035.0%10.0%39.4%90.7%35.0%10.6%-0.6%649.5K-9.8M-173.6K4.7520.12N/AN/A12760331,09613,351
2007-08-17$19.12$20.0030.8%8.8%39.5%75.7%30.6%9.2%-0.1%702.9K-10.2M-172.4K7.5915.21N/AN/A3224331,12813,224
2007-08-20$19.60$20.0033.2%9.5%41.0%84.3%33.2%11.8%-1.7%819.8K-16.7M-175.5K10.1515.68N/AN/A2832,87330,02812,091
2007-08-21$19.30$20.0031.3%9.0%40.4%77.8%31.5%8.2%-1.4%604.7K-10.4M-178.3K6.2121.07N/AN/A9055930,10714,890
2007-08-22$19.39$20.0030.6%8.8%40.5%75.0%30.5%8.1%-0.8%561.4K-10.6M-178.9K0.5117.96N/AN/A3,7011,87930,14615,449
2007-08-23$19.20$20.0031.7%9.1%39.3%79.1%31.8%5.0%-2.1%504.7K-6.3M-169.5K0.2117.52N/AN/A2,72158029,12216,348
2007-08-24$19.65$20.0030.3%8.7%37.2%74.2%30.3%9.1%-0.1%447.4K-10.1M-173.2K0.0622.94N/AN/A5,47233327,93116,600
2007-08-27$19.45$20.0032.5%9.3%37.4%82.0%34.5%8.3%-1.8%411.9K-7.1M-162.3K0.9526.48N/AN/A1,5051,43526,90616,635
2007-08-28$18.86$20.0036.5%10.5%38.8%95.9%36.4%3.3%-2.9%305.7K-1.3M-156.7K1.1219.31N/AN/A83493326,79617,968
2007-08-29$19.33$20.0034.1%9.8%39.9%87.6%34.1%3.9%-0.8%291.2K-4.2M-165.5K1.8715.43N/AN/A3,1575,91527,43318,997
2007-08-30$18.97$20.0034.6%9.9%40.4%89.5%34.9%7.3%-1.0%100.9K4.2M-184.9K4.6316.77N/AN/A2951,36626,31324,015
2007-08-31$18.98$20.0034.2%9.8%38.5%87.9%34.4%4.1%-2.4%130.9K3.9M-185.4K1.5619.63N/AN/A91426,67724,140