ASHR Options History — July 2015

In July 2015, ASHR traded between $34.08 and $44.31. ATM implied volatility averaged 56.4%, placing in the 66.8% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded below realized volatility by 38.4% (HV 20d: 94.8%). Max pain ranged from $44.00 to $47.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.95.

Notable Days

2015-07-08: Highest Volume — 191,274 contracts
2015-07-27: Largest IV spike — 28.4% change
2015-07-06: Highest IV Rank — 100.0%
2015-07-08: Largest Expected Move — 22.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.41	$34.08	$44.31	$44.31	$39.52
Max Pain	$45.34	$44.00	$47.00	$47.00	$47.00
ATM IV	56.4%	40.6%	84.3%	58.4%	49.6%
Expected Move	15.8%	11.6%	22.6%	17.4%	14.4%
HV 20d	94.8%	60.1%	107.2%	60.1%	99.7%
HV 60d	65.4%	49.6%	71.7%	49.6%	71.1%
IV Rank	66.8%	39.4%	100.0%	98.2%	51.9%
IV Percentile	93.4%	73.0%	100.0%	99.2%	91.3%
Term Structure	-1.6%	-5.5%	2.1%	-2.5%	-1.3%
VWIV	54.4%	41.3%	73.9%	62.8%	48.6%
Skew 25d	6.2%	0.1%	17.5%	6.3%	6.3%
Skew 10d	11.5%	1.3%	23.9%	11.1%	11.3%
Call IV 25d	54.1%	41.2%	79.4%	52.8%	46.8%
Put IV 25d	60.3%	43.8%	95.1%	59.1%	53.0%
Bid-Ask Spread %	53.71	31.51	65.23	56.69	58.91
Gamma HHI	0.08	0.06	0.13	0.12	0.08
Net GEX	-1.9M	-8.3M	5.4M	2.5M	-5.6M
Net DEX	374.5M	133.5M	648.3M	181.8M	607.3M
Net VEX	-2.4M	-2.9M	-1.8M	-2.6M	-2.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.95	0.45	1.56	0.45	0.67
Total Volume	98,282.091	53,886	191,274	80,325	69,502
Total OI	686,419.364	526,993	904,705	594,051	658,303

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
2015-07-01	$44.31	$47.00	58.4%	17.4%	60.1%	98.2%	62.8%	6.3%	-2.5%	2.5M	181.8M	-2.6M	0.45	56.69	N/A	N/A	55,302	25,023	332,994	261,057
2015-07-02	$42.48	$47.00	59.1%	18.1%	61.2%	99.8%	64.3%	4.9%	-4.5%	-1.1M	316.1M	-2.6M	0.71	50.11	N/A	N/A	80,875	57,124	352,540	267,575
2015-07-06	$41.46	$44.00	62.8%	16.3%	61.2%	100.0%	56.1%	2.7%	-3.4%	-1.7M	342.7M	-2.5M	0.45	45.16	N/A	N/A	72,474	32,560	369,390	277,506
2015-07-07	$38.05	$44.00	67.2%	18.4%	63.9%	100.0%	60.2%	10.2%	-3.5%	-5.1M	540.1M	-2.1M	0.70	54.05	N/A	N/A	100,260	69,836	386,121	286,868
2015-07-08	$34.08	$44.00	84.3%	22.6%	71.7%	100.0%	73.9%	15.7%	-5.1%	-3.8M	648.3M	-1.8M	0.98	53.70	N/A	N/A	96,801	94,473	421,340	302,632
2015-07-09	$40.78	$44.00	80.7%	21.4%	101.3%	95.0%	73.2%	17.5%	-5.5%	2.7M	317.8M	-2.7M	0.93	48.74	N/A	N/A	89,394	82,716	460,588	337,646
2015-07-10	$43.38	$44.00	74.6%	19.6%	104.6%	86.5%	68.2%	10.1%	-2.8%	5.4M	167.4M	-2.9M	0.80	44.61	N/A	N/A	73,119	58,416	461,977	366,030
2015-07-13	$42.86	$44.00	67.5%	18.0%	104.2%	76.7%	62.8%	4.4%	-2.6%	1.0M	246.3M	-2.7M	1.14	48.17	N/A	N/A	40,188	45,800	449,632	349,213
2015-07-14	$42.07	$44.00	57.4%	15.6%	103.9%	62.7%	53.2%	3.8%	-2.6%	-2.2M	386.8M	-2.5M	0.91	31.51	N/A	N/A	36,793	33,616	448,941	362,512
2015-07-15	$40.20	$44.00	54.1%	15.0%	104.5%	58.2%	50.3%	8.3%	-0.6%	-5.6M	591.9M	-2.2M	0.85	45.75	N/A	N/A	66,116	56,136	458,881	374,242
2015-07-16	$42.17	$44.00	49.8%	14.4%	106.3%	52.2%	46.4%	8.0%	1.9%	-796.9K	435.6M	-2.3M	1.30	49.98	N/A	N/A	41,264	53,522	486,297	394,365
2015-07-17	$43.51	$45.00	47.5%	13.7%	107.2%	48.9%	46.7%	4.4%	-0.7%	1.8M	293.8M	-2.5M	0.92	49.98	N/A	N/A	38,244	35,296	493,315	411,390
2015-07-20	$42.59	$45.00	48.3%	13.8%	105.8%	50.0%	47.0%	4.9%	0.6%	-1.3M	193.1M	-2.5M	1.56	57.55	N/A	N/A	25,222	39,247	259,726	267,267
2015-07-21	$42.95	$45.00	44.2%	12.7%	105.8%	44.4%	44.2%	3.7%	1.3%	-1.5M	179.6M	-2.4M	1.09	59.62	N/A	N/A	40,244	43,804	267,943	279,999
2015-07-22	$43.04	$45.00	42.6%	12.2%	105.4%	42.2%	43.0%	3.5%	2.1%	-448.8K	221.0M	-2.4M	1.14	58.98	N/A	N/A	25,123	28,763	274,843	293,124
2015-07-23	$44.29	$46.50	40.6%	11.6%	106.0%	39.4%	41.3%	2.6%	1.6%	3.4M	133.5M	-2.6M	1.51	56.65	N/A	N/A	35,183	52,993	282,977	302,298
2015-07-24	$43.17	$46.00	43.3%	12.6%	105.2%	43.2%	43.4%	3.6%	-1.0%	-901.9K	286.5M	-2.4M	1.26	61.21	N/A	N/A	31,342	39,532	286,284	320,095
2015-07-27	$39.25	$47.00	55.6%	17.0%	103.0%	60.2%	58.4%	0.1%	-1.6%	-7.1M	563.4M	-2.3M	1.03	62.18	N/A	N/A	52,072	53,418	269,656	306,951
2015-07-28	$39.92	$47.00	52.8%	15.0%	103.2%	56.4%	51.9%	6.2%	-2.8%	-7.6M	549.0M	-2.2M	0.94	65.23	N/A	N/A	36,579	34,295	293,956	328,962
2015-07-29	$41.13	$47.00	49.8%	14.6%	100.9%	52.1%	50.6%	4.0%	-0.9%	-5.0M	468.4M	-2.5M	0.74	62.51	N/A	N/A	35,392	26,100	304,871	340,606
2015-07-30	$39.90	$47.00	49.4%	14.2%	100.6%	51.6%	50.3%	5.7%	-2.3%	-8.3M	568.6M	-2.2M	0.84	60.33	N/A	N/A	31,555	26,492	306,743	343,570
2015-07-31	$39.52	$47.00	49.6%	14.4%	99.7%	51.9%	48.6%	6.3%	-1.3%	-5.6M	607.3M	-2.2M	0.67	58.91	N/A	N/A	41,675	27,827	311,086	347,217