AN Options History — October 2008

In October 2008, AN traded between $4.21 and $11.49. ATM implied volatility averaged 138.5%, placing in the 76.5% IV rank vs the trailing year. The 30-day expected move averaged 39.8%. IV traded above realized volatility by 26.6% (HV 20d: 111.9%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 6.45.

Notable Days

  • 2008-10-10: Highest Volume — 16,629 contracts
  • 2008-10-10: Largest IV spike — 53.6% change
  • 2008-10-06: Highest IV Rank — 100.0%
  • 2008-10-28: Largest Expected Move — 54.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.64$4.21$11.49$11.49$6.87
Max Pain$11.41$10.00$15.00$12.50$10.00
ATM IV138.5%84.7%205.0%84.7%140.4%
Expected Move39.8%24.3%54.6%24.3%40.3%
HV 20d111.9%95.9%155.2%100.0%155.2%
HV 60d92.8%84.2%113.1%85.2%113.1%
IV Rank76.5%42.6%100.0%70.4%64.4%
IV Percentile98.8%96.4%100.0%97.2%96.4%
Term Structure0.4%-15.2%25.7%-6.0%11.7%
VWIV133.3%66.5%240.6%98.0%140.8%
Skew 25d43.9%7.5%100.0%7.5%100.0%
Skew 10d82.5%33.6%175.4%33.6%175.4%
Call IV 25d114.1%79.5%170.9%89.7%90.3%
Put IV 25d158.0%97.2%241.6%97.2%190.4%
Bid-Ask Spread %24.4311.3349.4149.4125.19
Gamma HHI0.440.310.770.460.40
Net GEX-168.7K-675.4K-37.8K-179.9K-142.8K
Net DEX13.2M6.5M22.2M6.5M16.4M
Net VEX-57.6K-75.4K-28.2K-73.4K-62.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.450.3948.714.250.39
Total Volume3,607.08722616,6292891,295
Total OI78,327.26149,695106,98186,53169,310

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$11.49$12.5084.7%24.3%100.0%70.4%98.0%7.5%-6.0%-179.9K6.5M-73.4K4.2549.41N/AN/A5523421,87964,652
2008-10-02$10.70$12.5097.8%28.0%102.0%85.5%66.5%17.1%-4.9%-185.5K9.1M-70.7K8.1048.21N/AN/A12097221,88464,750
2008-10-03$10.93$12.50103.2%29.6%102.3%91.8%83.7%30.1%-9.7%-198.2K8.7M-70.7K2.1230.35N/AN/A21144721,98164,831
2008-10-06$10.46$15.00117.5%31.3%97.7%100.0%104.5%29.4%-15.2%-166.0K8.7M-70.8K5.6226.04N/AN/A2221,24722,15464,831
2008-10-07$10.25$15.00120.5%31.1%97.7%100.0%110.7%25.4%-13.8%-163.9K9.2M-68.8K2.6020.81N/AN/A4611,20022,17664,466
2008-10-08$10.02$15.00109.4%31.7%97.3%88.5%110.3%24.3%-10.7%-163.0K9.2M-70.7K12.7027.09N/AN/A791,00322,57165,020
2008-10-09$8.55$15.00133.5%39.7%110.0%100.0%127.6%28.3%25.7%-81.0K11.2M-58.8K5.7340.45N/AN/A1,5158,68322,53465,039
2008-10-10$8.10$12.50205.0%51.1%110.7%100.0%154.6%44.7%2.6%-203.3K11.9M-75.4K11.0830.38N/AN/A1,37715,25223,49670,502
2008-10-13$7.90$12.50127.6%38.3%110.6%57.3%129.3%37.1%11.6%-278.7K16.9M-67.0K2.6320.79N/AN/A1,1062,90823,39579,269
2008-10-14$7.67$10.00112.0%35.4%108.4%48.7%118.3%49.2%14.2%-342.8K17.9M-65.8K3.8118.48N/AN/A7502,86124,42980,617
2008-10-15$6.91$10.00101.0%37.0%110.4%42.6%131.0%39.3%5.6%-334.6K20.3M-56.2K2.8721.73N/AN/A19957224,51781,526
2008-10-16$6.95$10.00143.5%41.1%95.9%66.0%143.0%55.1%4.9%-94.1K22.2M-55.0K2.2417.10N/AN/A8231,84224,51681,752
2008-10-17$7.34$10.00138.1%39.6%100.2%63.1%124.5%57.9%6.9%-675.4K19.5M-62.8K1.5212.99N/AN/A34752925,00681,975
2008-10-20$7.50$10.00119.1%34.1%100.0%52.6%107.1%27.2%3.4%-111.3K11.2M-62.2K1.2415.84N/AN/A9681,19815,56334,132
2008-10-21$6.96$10.00113.5%32.6%99.8%49.5%118.0%46.7%0.4%-97.7K12.6M-54.9K2.4023.42N/AN/A10024016,14534,904
2008-10-22$5.96$10.00149.6%42.9%108.1%69.4%106.5%54.7%-7.4%-76.7K13.0M-43.7K9.9518.42N/AN/A4864,83616,10635,070
2008-10-23$5.15$10.00176.7%50.7%111.8%84.4%171.6%28.7%-0.2%-54.3K12.8M-36.8K10.4211.33N/AN/A1,10211,48316,44236,845
2008-10-24$4.43$10.00184.6%52.9%117.0%88.7%180.5%46.7%-12.5%-49.3K11.4M-33.7K2.1319.26N/AN/A35174617,29439,690
2008-10-27$4.21$10.00187.0%53.6%107.5%90.1%240.6%70.7%-12.2%-37.8K11.4M-28.2K1.7918.91N/AN/A8114517,58239,165
2008-10-28$5.05$10.00190.5%54.6%131.4%92.0%155.9%79.3%-12.5%-54.0K13.1M-33.6K0.4622.56N/AN/A95043317,61839,270
2008-10-29$5.86$10.00182.0%52.2%146.2%87.3%150.4%49.8%7.5%-63.8K13.0M-42.8K48.7116.97N/AN/A25312,32418,38639,422
2008-10-30$6.52$10.00147.6%42.3%153.6%68.3%192.1%59.7%19.3%-126.2K16.2M-60.5K5.6026.16N/AN/A14581218,51050,305
2008-10-31$6.87$10.00140.4%40.3%155.2%64.4%140.8%100.0%11.7%-142.8K16.4M-62.7K0.3925.19N/AN/A92936618,56250,748