AN Options History — July 2009

In July 2009, AN traded between $16.35 and $20.68. ATM implied volatility averaged 47.9%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 6.4% (HV 20d: 41.5%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 2.63.

Notable Days

  • 2009-07-16: Highest Volume — 8,236 contracts
  • 2009-07-31: Largest IV drop — 19.5% change
  • 2009-07-07: Highest IV Rank — 10.7%
  • 2009-07-15: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.37$16.35$20.68$17.77$20.68
Max Pain$16.82$15.00$17.50$15.00$17.50
ATM IV47.9%41.9%54.4%43.1%41.9%
Expected Move14.4%12.0%15.8%12.4%12.0%
HV 20d41.5%31.0%47.8%38.7%31.0%
HV 60d48.1%43.7%52.6%52.3%44.1%
IV Rank7.7%3.1%10.7%8.2%3.1%
IV Percentile7.0%0.4%19.0%1.2%0.4%
Term Structure0.2%-3.7%9.6%8.6%3.8%
VWIV50.8%35.9%61.1%35.9%41.9%
Skew 25d8.8%-7.1%14.2%-7.1%3.4%
Skew 10d21.1%-12.8%41.2%-12.8%6.3%
Call IV 25d47.0%37.3%53.8%44.4%40.4%
Put IV 25d55.8%37.3%63.0%37.3%43.8%
Bid-Ask Spread %23.9012.1334.5317.5413.20
Gamma HHI0.290.200.490.300.49
Net GEX269.4K100.2K393.4K362.6K393.4K
Net DEX-29.1M-50.7M-16.8M-35.3M-33.6M
Net VEX-136.4K-160.2K-119.5K-158.0K-119.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.630.0327.392.361.59
Total Volume1,510.8641448,2361,1393,000
Total OI85,338.54557,688113,041105,73362,960

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$17.77$15.0043.1%12.4%38.7%8.2%35.9%-7.1%8.6%362.6K-35.3M-158.0K2.3617.54N/AN/A33980045,30460,429
2009-07-02$16.88$15.0042.6%12.2%42.9%7.9%43.9%13.8%9.6%225.0K-23.3M-160.2K3.7812.13N/AN/A26299044,78261,066
2009-07-06$16.95$17.5045.4%15.1%42.9%9.5%61.1%12.1%1.2%223.0K-22.8M-152.2K4.1123.88N/AN/A11045244,95060,736
2009-07-07$16.35$17.5047.4%15.6%43.6%10.7%60.7%9.3%-0.6%170.8K-16.8M-148.1K0.2119.00N/AN/A56911744,91860,922
2009-07-08$16.83$15.0046.4%15.5%45.2%10.1%52.1%9.9%1.0%190.0K-21.5M-148.8K0.0918.00N/AN/A1,72814944,96160,995
2009-07-09$16.70$15.0047.9%15.4%44.7%6.8%50.7%10.9%-1.1%199.9K-20.7M-149.5K0.1619.51N/AN/A4887745,86260,989
2009-07-10$16.53$15.0051.4%15.2%44.8%8.7%59.8%9.3%-0.5%195.2K-19.0M-147.3K27.3921.71N/AN/A2363046,14560,901
2009-07-13$17.33$15.0046.8%15.6%47.8%6.0%52.0%12.3%-0.5%137.1K-28.7M-138.4K0.8621.85N/AN/A33729046,03261,414
2009-07-14$17.57$17.5043.9%15.2%47.0%4.3%56.9%10.4%0.7%108.6K-32.5M-135.1K1.6319.39N/AN/A16126346,09061,626
2009-07-15$18.04$17.5046.8%15.8%43.6%6.0%51.7%10.0%-0.2%118.4K-41.0M-129.4K0.4231.61N/AN/A1,07145546,00961,784
2009-07-16$18.10$17.5054.4%15.6%43.5%10.5%54.2%14.2%-1.7%100.2K-45.1M-126.7K0.0323.95N/AN/A7,99624046,41962,104
2009-07-17$18.23$17.5053.3%15.3%43.3%9.9%49.9%8.6%-1.0%280.5K-50.7M-140.8K0.2632.86N/AN/A78720651,52161,520
2009-07-20$18.69$17.5051.7%14.8%43.6%8.9%49.8%8.8%0.7%364.2K-23.2M-126.1K0.9531.28N/AN/A45142925,86631,917
2009-07-21$18.82$17.5045.8%13.1%41.8%5.4%49.8%9.3%0.9%345.0K-22.8M-134.3K2.1027.00N/AN/A18739225,76532,057
2009-07-22$18.89$17.5046.6%13.3%39.7%5.9%45.7%7.8%-0.5%349.7K-23.7M-133.4K1.1734.53N/AN/A26631125,74831,940
2009-07-23$19.59$17.5048.1%13.8%40.7%6.8%50.3%8.3%-2.6%355.9K-27.7M-131.3K1.2326.40N/AN/A55167525,86332,164
2009-07-24$20.01$17.5048.4%13.9%37.4%6.9%48.3%9.3%-1.4%350.4K-29.5M-127.6K2.7828.42N/AN/A20456726,10832,557
2009-07-27$19.75$17.5050.5%14.5%38.0%8.2%51.0%9.2%-3.2%353.5K-28.2M-128.2K2.2424.84N/AN/A17338726,24932,694
2009-07-28$19.67$17.5049.6%14.2%37.9%7.7%52.2%9.0%-2.3%345.9K-27.8M-124.6K0.7331.45N/AN/A836126,05632,984
2009-07-29$20.20$17.5050.3%14.4%38.0%8.1%50.2%8.5%-2.4%373.0K-31.0M-119.5K0.4025.94N/AN/A1,70867726,06233,018
2009-07-30$20.63$17.5052.0%14.9%37.9%9.1%50.6%5.6%-3.7%385.0K-34.2M-122.0K3.3921.34N/AN/A1,0423,53526,71033,251
2009-07-31$20.68$17.5041.9%12.0%31.0%3.1%41.9%3.4%3.8%393.4K-33.6M-119.7K1.5913.20N/AN/A1,1571,84326,85936,101