AN Options History — April 2009

In April 2009, AN traded between $13.97 and $17.86. ATM implied volatility averaged 72.8%, placing in the 27.0% IV rank vs the trailing year. The 30-day expected move averaged 21.6%. IV traded above realized volatility by 2.4% (HV 20d: 70.4%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 2.56.

Notable Days

  • 2009-04-29: Highest Volume — 22,658 contracts
  • 2009-04-23: Largest IV drop — 34.6% change
  • 2009-04-20: Highest IV Rank — 34.2%
  • 2009-04-20: Largest Expected Move — 24.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.98$13.97$17.86$13.97$17.71
Max Pain$12.26$10.00$12.50$10.00$12.50
ATM IV72.8%56.0%85.9%71.1%58.5%
Expected Move21.6%16.1%24.6%20.4%16.8%
HV 20d70.4%57.2%77.6%74.8%67.1%
HV 60d68.3%65.1%74.8%73.2%67.0%
IV Rank27.0%17.8%34.2%26.1%19.1%
IV Percentile43.4%24.2%61.5%42.9%24.2%
Term Structure-4.6%-14.6%14.4%14.4%4.5%
VWIV79.0%57.6%94.2%78.1%57.6%
Skew 25d14.3%7.2%27.5%24.2%8.6%
Skew 10d29.1%12.6%64.2%64.2%25.9%
Call IV 25d68.8%38.8%84.1%59.1%55.5%
Put IV 25d83.1%64.1%96.1%83.3%64.1%
Bid-Ask Spread %23.4015.3033.3915.3023.05
Gamma HHI0.270.200.340.280.22
Net GEX137.0K38.9K285.2K145.2K143.0K
Net DEX-30.6M-40.8M-15.1M-22.2M-33.8M
Net VEX-198.7K-239.6K-190.9K-195.3K-239.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.560.1310.0610.060.66
Total Volume3,374.85739922,6582,1465,006
Total OI91,172.28673,214106,78895,67395,946

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-04-01$13.97$10.0071.1%20.4%74.8%26.1%78.1%24.2%14.4%145.2K-22.2M-195.3K10.0615.30N/AN/A1941,95240,58255,091
2009-04-02$15.15$10.0074.4%21.3%76.7%27.9%78.7%10.8%8.2%158.5K-30.9M-198.0K2.3716.22N/AN/A8842,09440,61855,825
2009-04-03$15.38$12.5070.4%24.0%76.7%25.7%83.9%12.8%-6.8%154.4K-31.7M-197.4K1.3625.27N/AN/A28238340,59756,266
2009-04-06$15.35$12.5075.3%24.5%75.3%28.4%89.7%10.2%-9.5%152.7K-32.2M-196.9K3.5024.80N/AN/A4771,67140,74856,316
2009-04-07$14.69$12.5072.2%24.5%75.4%26.7%94.2%9.0%-9.2%141.2K-27.9M-199.6K8.0727.48N/AN/A4435540,94457,180
2009-04-08$15.24$12.5068.1%24.4%75.8%24.4%84.1%14.7%-9.8%129.7K-31.1M-195.8K1.1529.80N/AN/A31636440,95357,340
2009-04-09$16.00$12.5083.4%23.9%76.7%32.9%91.4%12.2%-12.2%128.4K-36.5M-193.4K5.9916.97N/AN/A3812,28241,00657,558
2009-04-13$16.21$12.5085.5%24.5%76.6%34.1%92.3%11.5%-12.9%103.9K-39.1M-191.0K3.6623.61N/AN/A26998441,29358,752
2009-04-14$15.66$12.5084.6%24.2%77.6%33.5%84.0%17.3%-10.9%86.9K-34.7M-191.0K3.4221.11N/AN/A1,3444,59241,19958,660
2009-04-15$15.72$12.5083.3%23.9%74.0%32.8%85.1%14.7%-7.9%38.9K-34.8M-199.2K1.4417.71N/AN/A24935841,82162,963
2009-04-16$16.31$12.5074.1%21.2%72.9%27.7%91.9%13.9%-6.9%92.7K-38.9M-193.1K3.5525.93N/AN/A8773,11441,14762,265
2009-04-17$16.64$12.5072.7%20.8%73.0%27.0%87.3%17.8%-6.7%99.4K-40.8M-194.6K1.7115.60N/AN/A55995641,63665,152
2009-04-20$15.69$12.5085.9%24.6%58.8%34.2%80.6%16.3%-8.9%60.1K-19.6M-197.4K0.2230.43N/AN/A1,39531031,49141,723
2009-04-21$15.00$12.5082.4%23.6%57.2%32.3%85.8%16.6%-8.8%52.9K-15.1M-197.6K2.9224.87N/AN/A12035132,57241,989
2009-04-22$15.37$12.5085.6%24.5%57.5%34.1%83.9%12.9%-14.6%80.5K-18.6M-197.6K0.1421.57N/AN/A3,60350932,57142,215
2009-04-23$16.94$12.5056.0%16.1%63.9%17.8%63.6%7.2%2.9%226.4K-30.0M-190.9K0.9916.67N/AN/A3,9763,93334,11142,013
2009-04-24$16.19$12.5065.4%18.7%66.6%22.9%64.4%9.1%-0.4%163.8K-25.7M-198.5K1.0028.90N/AN/A48648734,75943,738
2009-04-27$16.95$12.5060.4%17.3%68.0%20.2%64.6%22.9%-0.3%202.4K-29.4M-203.1K0.1329.91N/AN/A1,89324536,07845,156
2009-04-28$17.47$12.5058.9%16.9%66.7%19.3%59.5%27.5%1.9%230.2K-33.4M-200.3K0.5333.39N/AN/A60031936,09945,206
2009-04-29$17.86$12.5061.0%17.5%66.7%20.5%58.3%10.4%-2.4%285.2K-37.1M-202.4K0.8922.79N/AN/A12,00010,65837,76045,279
2009-04-30$17.71$12.5058.5%16.8%67.1%19.1%57.6%8.6%4.5%143.0K-33.8M-239.6K0.6623.05N/AN/A3,0121,99440,32955,617