ASHR Options History — December 2015

In December 2015, ASHR traded between $28.08 and $36.96. ATM implied volatility averaged 48.0%, placing in the 41.4% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded below realized volatility by 19.1% (HV 20d: 67.1%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.92.

Notable Days

2015-12-18: Highest Volume — 100,036 contracts
2015-12-16: Largest IV spike — 175.9% change
2015-12-16: Highest IV Rank — 100.0%
2015-12-17: Largest Expected Move — 40.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.40	$28.08	$36.96	$35.83	$28.08
Max Pain	$42.17	$35.00	$45.00	$42.00	$35.00
ATM IV	48.0%	30.3%	136.5%	42.5%	31.7%
Expected Move	13.9%	6.0%	40.6%	6.2%	8.7%
HV 20d	67.1%	35.7%	96.0%	41.9%	91.4%
HV 60d	50.1%	35.2%	62.7%	44.0%	62.2%
IV Rank	41.4%	20.2%	100.0%	46.9%	20.2%
IV Percentile	46.8%	13.9%	100.0%	54.0%	16.7%
Term Structure	-27.4%	-221.1%	9.6%	-16.4%	-3.1%
VWIV	52.3%	27.3%	120.7%	41.0%	29.9%
Skew 25d	-7.4%	-136.8%	13.2%	3.5%	3.5%
Skew 10d	17.5%	-14.2%	53.8%	17.0%	14.6%
Call IV 25d	45.9%	28.9%	176.3%	37.9%	31.0%
Put IV 25d	38.5%	26.8%	75.1%	41.5%	34.4%
Bid-Ask Spread %	39.30	20.81	66.70	47.91	45.23
Gamma HHI	0.11	0.05	0.49	0.06	0.24
Net GEX	-20.3K	-4.0M	20.0M	-821.0K	-4.0M
Net DEX	386.7M	241.1M	756.3M	303.0M	241.1M
Net VEX	2.3102615917679728e+25B	-491.0M	5.08257550188954e+26B	-820.3K	-464.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.92	0.43	4.71	1.43	0.48
Total Volume	47,932.045	4,696	100,036	10,366	35,636
Total OI	499,266.682	348,797	926,633	407,890	348,797

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
2015-12-01	$35.83	$42.00	42.5%	6.2%	41.9%	46.9%	41.0%	3.5%	-16.4%	-821.0K	303.0M	-820.3K	1.43	47.91	N/A	N/A	4,259	6,107	199,195	208,695
2015-12-02	$36.83	$42.00	30.3%	6.0%	42.9%	31.6%	28.1%	1.7%	-4.5%	-153.3K	248.8M	-906.1K	0.68	45.76	N/A	N/A	20,454	14,006	201,516	210,351
2015-12-03	$36.96	$45.00	30.3%	11.0%	40.9%	31.7%	40.6%	3.5%	-16.3%	416.0K	259.3M	-844.0K	0.73	38.86	N/A	N/A	17,337	12,740	201,417	210,810
2015-12-04	$36.90	$45.00	34.7%	11.8%	40.1%	37.2%	43.4%	-7.5%	-0.1%	-1.4M	273.8M	-757.4K	0.68	51.24	N/A	N/A	19,630	13,416	203,564	211,614
2015-12-07	$36.27	$45.00	34.2%	10.5%	39.7%	36.5%	39.0%	-5.8%	2.2%	-1.5M	295.1M	-732.4K	4.71	54.59	N/A	N/A	823	3,873	201,787	210,191
2015-12-08	$35.68	$45.00	33.7%	12.4%	40.0%	36.0%	43.3%	-6.1%	9.6%	-2.0M	331.5M	-759.0K	0.64	42.84	N/A	N/A	26,981	17,393	200,908	211,758
2015-12-09	$35.51	$43.00	48.2%	12.9%	39.8%	54.1%	51.3%	-13.1%	-3.4%	-2.4M	350.4M	-680.4K	0.82	42.89	N/A	N/A	17,081	14,042	207,715	216,385
2015-12-10	$35.54	$43.00	42.6%	14.4%	39.6%	47.1%	65.6%	-11.0%	9.6%	-1.7M	336.4M	-831.8K	1.44	40.27	N/A	N/A	19,082	27,555	210,639	217,782
2015-12-11	$34.84	$43.00	46.7%	13.7%	39.2%	52.3%	66.1%	-9.1%	1.6%	-2.1M	452.3M	-732.3K	1.27	23.39	N/A	N/A	22,115	28,160	216,837	237,368
2015-12-14	$36.20	$45.00	53.8%	15.3%	39.9%	61.1%	59.9%	-7.0%	-3.6%	-2.1M	425.3M	-733.9K	0.74	36.24	N/A	N/A	26,449	19,541	217,257	232,519
2015-12-15	$36.30	$45.00	49.5%	14.0%	35.7%	55.7%	81.1%	-6.1%	1.0%	-1.9M	448.8M	-684.9K	0.67	20.81	N/A	N/A	40,545	27,224	223,942	238,976
2015-12-16	$28.31	$45.00	136.5%	39.1%	94.5%	100.0%	93.7%	-136.8%	-167.1%	-3.3M	551.5M	-469.6K	0.70	66.70	N/A	N/A	45,128	31,720	229,332	245,080
2015-12-17	$28.36	$40.90	129.6%	40.6%	94.6%	94.8%	120.7%	5.6%	-221.1%	-2.1M	739.2M	5.08257550188954e+26B	0.69	28.98	N/A	N/A	46,224	32,012	447,282	479,351
2015-12-18	$28.58	$40.90	61.2%	20.2%	94.5%	42.7%	113.5%	-19.5%	-197.5%	850.9K	756.3M	-811.5K	0.78	26.93	N/A	N/A	56,248	43,788	446,857	479,317
2015-12-21	$29.42	$40.00	33.7%	9.8%	95.7%	21.8%	33.9%	4.7%	1.2%	20.0M	318.0M	-491.0M	0.56	38.17	N/A	N/A	34,018	19,118	274,561	263,009
2015-12-22	$29.75	$40.00	35.2%	14.6%	96.0%	23.0%	44.4%	9.4%	1.2%	1.1M	292.5M	-933.0K	0.54	38.16	N/A	N/A	33,102	17,914	270,757	264,714
2015-12-23	$29.44	$41.00	32.4%	8.8%	95.9%	20.8%	32.2%	6.9%	3.2%	2.5M	343.7M	-748.0K	0.55	34.53	N/A	N/A	32,677	18,008	265,701	253,662
2015-12-24	$29.08	$41.00	43.5%	8.6%	95.6%	29.2%	30.2%	-5.0%	4.9%	4.3M	361.4M	-806.6K	0.43	37.09	N/A	N/A	33,945	14,603	264,425	252,448
2015-12-28	$28.20	$41.00	37.9%	9.3%	93.1%	25.0%	32.0%	4.5%	-4.5%	-1.3M	394.2M	-676.9K	0.56	29.44	N/A	N/A	36,034	20,032	246,999	247,593
2015-12-29	$28.39	$40.00	34.6%	9.1%	92.5%	22.4%	32.5%	13.2%	-0.3%	-1.1M	393.9M	-625.7K	0.63	36.68	N/A	N/A	30,299	18,949	253,149	252,321
2015-12-30	$28.27	$40.00	32.7%	9.1%	92.5%	21.0%	27.3%	6.8%	1.1%	-1.7M	389.8M	-668.6K	0.52	37.87	N/A	N/A	36,890	19,347	253,533	253,753
2015-12-31	$28.08	$35.00	31.7%	8.7%	91.4%	20.2%	29.9%	3.5%	-3.1%	-4.0M	241.1M	-464.0K	0.48	45.23	N/A	N/A	24,138	11,498	166,392	182,405