ASHR Options History — December 2014

In December 2014, ASHR traded between $29.19 and $37.21. ATM implied volatility averaged 42.2%, placing in the 75.3% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 10.3% (HV 20d: 52.5%). Max pain ranged from $24.00 to $36.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.56.

Notable Days

2014-12-04: Highest Volume — 20,952 contracts
2014-12-04: Largest IV spike — 43.3% change
2014-12-02: Highest IV Rank — 100.0%
2014-12-09: Largest Expected Move — 11.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$34.27	$29.19	$37.21	$29.19	$37.21
Max Pain	$28.19	$24.00	$36.00	$24.00	$36.00
ATM IV	42.2%	26.3%	59.2%	26.3%	37.4%
Expected Move	10.6%	6.6%	11.8%	6.6%	10.9%
HV 20d	52.5%	31.6%	61.0%	31.6%	56.3%
HV 60d	35.2%	23.8%	40.2%	23.8%	40.2%
IV Rank	75.3%	53.7%	100.0%	93.2%	53.7%
IV Percentile	97.3%	92.9%	100.0%	99.2%	92.9%
Term Structure	-2.9%	-8.5%	-0.0%	-2.6%	-1.5%
VWIV	37.0%	23.2%	41.5%	23.2%	38.3%
Skew 25d	-0.6%	-6.5%	4.0%	-6.5%	3.6%
Skew 10d	-0.7%	-16.5%	9.9%	-16.5%	9.9%
Call IV 25d	41.1%	28.7%	48.5%	29.9%	38.0%
Put IV 25d	40.5%	23.4%	45.6%	23.4%	41.5%
Bid-Ask Spread %	32.15	18.04	53.89	53.89	18.04
Gamma HHI	0.19	0.14	0.25	0.18	0.17
Net GEX	1.4M	181.0K	2.2M	374.2K	2.2M
Net DEX	-67.4M	-99.4M	-22.5M	-22.5M	-98.9M
Net VEX	-210.1K	-260.6K	-68.1K	-82.9K	-239.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.14	1.52	0.65	0.16
Total Volume	8,384.136	2,171	20,952	2,709	4,623
Total OI	52,925.364	25,489	68,167	25,489	57,884

Daily Data (22 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
2014-12-01	$29.19	$24.00	26.3%	6.6%	31.6%	93.2%	23.2%	-6.5%	-2.6%	374.2K	-22.5M	-82.9K	0.65	53.89	N/A	N/A	1,639	1,070	15,572	9,917
2014-12-02	$30.91	$24.00	27.8%	7.1%	36.6%	100.0%	24.7%	2.3%	-1.6%	181.0K	-33.0M	-70.8K	0.19	45.13	N/A	N/A	6,200	1,166	15,670	10,091
2014-12-03	$32.27	$24.00	31.7%	7.7%	38.5%	100.0%	26.2%	1.0%	-4.0%	484.6K	-44.3M	-68.1K	0.14	39.84	N/A	N/A	9,758	1,385	17,882	10,225
2014-12-04	$34.79	$24.00	45.4%	10.1%	44.6%	100.0%	34.6%	-0.5%	-8.5%	821.5K	-61.0M	-79.3K	0.30	41.09	N/A	N/A	16,076	4,876	21,812	10,982
2014-12-05	$34.51	$25.00	50.2%	10.4%	45.0%	100.0%	35.5%	-4.4%	-2.5%	1.1M	-67.8M	-154.5K	0.54	42.76	N/A	N/A	6,800	3,667	30,260	13,808
2014-12-08	$35.29	$25.00	53.4%	10.5%	44.7%	100.0%	35.1%	0.4%	-3.7%	1.2M	-73.2M	-165.1K	0.52	40.95	N/A	N/A	10,940	5,669	32,352	15,422
2014-12-09	$32.53	$25.00	56.6%	11.8%	55.9%	100.0%	40.5%	-3.8%	-2.8%	744.6K	-37.3M	-204.8K	0.42	36.79	N/A	N/A	10,513	4,425	35,666	19,326
2014-12-10	$33.18	$26.00	59.2%	11.5%	56.0%	100.0%	40.1%	-2.9%	-4.1%	1.2M	-51.3M	-239.5K	0.95	27.55	N/A	N/A	3,910	3,729	40,128	19,511
2014-12-11	$34.04	$26.00	43.9%	11.1%	56.3%	67.4%	39.4%	-0.0%	-6.1%	1.3M	-63.7M	-243.2K	0.59	30.12	N/A	N/A	6,311	3,729	40,993	19,761
2014-12-12	$33.33	$26.00	42.3%	11.6%	57.2%	64.1%	41.5%	-1.9%	-1.9%	1.3M	-58.5M	-252.7K	0.84	32.49	N/A	N/A	4,985	4,194	42,617	19,831
2014-12-15	$33.50	$26.00	43.0%	11.5%	56.6%	65.6%	39.6%	0.1%	-3.6%	1.2M	-60.1M	-255.8K	1.52	23.10	N/A	N/A	2,823	4,299	44,611	20,882
2014-12-16	$34.83	$26.00	42.4%	11.3%	55.8%	64.3%	39.5%	0.1%	-3.1%	1.6M	-81.2M	-256.7K	0.58	33.73	N/A	N/A	5,969	3,436	44,927	21,554
2014-12-17	$35.92	$26.00	43.4%	11.6%	55.5%	66.4%	40.2%	0.7%	-2.7%	2.1M	-99.4M	-258.7K	0.34	35.12	N/A	N/A	7,562	2,567	45,468	22,679
2014-12-18	$35.31	$26.00	41.6%	11.2%	56.6%	62.5%	39.7%	-2.4%	-1.4%	1.8M	-88.9M	-260.6K	0.74	40.23	N/A	N/A	3,561	2,625	45,038	23,129
2014-12-19	$35.68	$27.00	41.3%	11.0%	56.3%	61.9%	38.4%	-1.4%	-2.9%	2.2M	-84.0M	-257.0K	0.17	35.03	N/A	N/A	2,591	431	42,297	23,227
2014-12-22	$35.31	$0.00	39.6%	11.6%	55.2%	58.3%	40.9%	-0.0%	-0.0%	1.9M	-75.5M	-254.3K	0.90	24.53	N/A	N/A	1,763	1,586	38,631	13,530
2014-12-23	$34.03	$35.00	40.5%	11.6%	57.5%	60.1%	40.7%	0.8%	-0.5%	1.8M	-62.3M	-253.8K	0.81	26.26	N/A	N/A	3,801	3,067	38,782	13,723
2014-12-24	$33.86	$35.00	39.0%	11.0%	57.6%	57.1%	38.8%	-1.3%	-0.9%	1.8M	-59.1M	-255.6K	0.73	22.35	N/A	N/A	3,996	2,913	39,577	15,176
2014-12-26	$36.14	$34.00	41.3%	11.1%	61.0%	61.9%	39.3%	-1.5%	-3.1%	2.1M	-88.9M	-258.1K	0.49	18.16	N/A	N/A	5,253	2,570	40,948	15,255
2014-12-29	$35.99	$36.00	42.3%	11.3%	61.0%	64.0%	40.4%	0.4%	-3.8%	2.2M	-85.3M	-259.3K	0.50	21.79	N/A	N/A	3,866	1,936	41,379	16,247
2014-12-30	$36.23	$36.00	38.5%	10.9%	58.5%	56.0%	37.9%	4.0%	-1.3%	2.2M	-87.2M	-253.0K	0.22	18.37	N/A	N/A	1,782	389	41,063	16,525
2014-12-31	$37.21	$36.00	37.4%	10.9%	56.3%	53.7%	38.3%	3.6%	-1.5%	2.2M	-98.9M	-239.0K	0.16	18.04	N/A	N/A	4,001	622	41,067	16,817