ASHR Options History — March 2016

In March 2016, ASHR traded between $22.46 and $25.05. ATM implied volatility averaged 37.4%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 1.1% (HV 20d: 38.5%). Max pain ranged from $23.00 to $24.90. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.89.

Notable Days

2016-03-21: Highest Volume — 69,347 contracts
2016-03-02: Largest IV drop — 9.2% change
2016-03-01: Highest IV Rank — 29.0%
2016-03-01: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.76	$22.46	$25.05	$22.46	$24.67
Max Pain	$24.14	$23.00	$24.90	$23.00	$23.90
ATM IV	37.4%	33.9%	43.2%	43.2%	34.5%
Expected Move	10.7%	9.4%	12.8%	12.8%	9.9%
HV 20d	38.5%	27.8%	45.2%	43.9%	28.2%
HV 60d	55.1%	41.4%	67.7%	66.9%	41.4%
IV Rank	24.6%	22.0%	29.0%	29.0%	22.4%
IV Percentile	21.0%	8.7%	46.8%	46.8%	10.3%
Term Structure	-0.2%	-5.1%	1.4%	-0.2%	0.2%
VWIV	37.8%	32.7%	46.2%	46.2%	34.5%
Skew 25d	5.4%	1.7%	8.1%	8.1%	4.9%
Skew 10d	11.0%	6.1%	17.8%	17.8%	12.3%
Call IV 25d	35.2%	32.3%	39.4%	39.4%	32.4%
Put IV 25d	40.7%	36.6%	47.5%	47.5%	37.3%
Bid-Ask Spread %	15.11	9.13	26.59	18.98	26.03
Gamma HHI	0.17	0.07	0.31	0.07	0.29
Net GEX	3.0M	-905	8.2M	50.9K	7.8M
Net DEX	-8.1M	-67.7M	40.1M	40.1M	-56.4M
Net VEX	-392.3K	-486.3K	-331.9K	-343.2K	-464.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.89	0.16	1.47	0.91	0.82
Total Volume	22,189.409	15,420	69,347	20,339	20,584
Total OI	158,470.5	130,590	190,680	130,590	190,680

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
2016-03-01	$22.46	$23.00	43.2%	12.8%	43.9%	29.0%	46.2%	8.1%	-0.2%	50.9K	40.1M	-343.2K	0.91	18.98	N/A	N/A	10,656	9,683	62,678	67,912
2016-03-02	$23.08	$23.00	39.2%	11.6%	44.7%	26.0%	44.4%	6.7%	0.2%	894.7K	24.6M	-361.2K	1.47	13.85	N/A	N/A	7,476	11,007	64,792	69,652
2016-03-03	$23.24	$24.90	39.1%	11.4%	44.4%	25.9%	40.1%	6.9%	1.1%	1.2M	23.6M	-372.6K	1.14	12.95	N/A	N/A	8,596	9,802	64,773	73,099
2016-03-04	$23.87	$24.90	37.0%	10.7%	45.2%	24.3%	38.6%	5.2%	-0.9%	440.9K	3.3M	-356.2K	0.93	13.09	N/A	N/A	11,585	10,801	66,257	73,397
2016-03-07	$23.53	$24.90	38.8%	10.8%	43.9%	25.7%	38.7%	6.3%	-0.6%	748.3K	15.9M	-348.3K	1.01	15.70	N/A	N/A	8,068	8,168	65,337	72,752
2016-03-08	$23.13	$24.90	39.9%	10.9%	44.4%	26.5%	38.5%	6.9%	-2.0%	619.5K	24.1M	-349.2K	1.12	15.41	N/A	N/A	7,531	8,415	66,799	72,684
2016-03-09	$23.01	$24.90	37.5%	11.0%	44.4%	24.7%	37.2%	5.6%	0.8%	579.9K	28.6M	-362.0K	1.17	11.83	N/A	N/A	7,483	8,782	68,133	73,988
2016-03-10	$22.55	$24.90	39.0%	11.0%	45.2%	25.8%	39.4%	5.8%	-1.3%	-905	39.1M	-331.9K	0.82	10.50	N/A	N/A	11,694	9,556	68,553	74,111
2016-03-11	$23.10	$24.90	35.9%	10.3%	44.8%	23.5%	36.1%	4.8%	-0.2%	873.7K	20.3M	-344.9K	0.91	9.13	N/A	N/A	10,204	9,282	73,133	75,491
2016-03-14	$23.35	$23.90	35.9%	10.4%	44.7%	23.4%	33.5%	7.6%	1.4%	1.6M	15.0M	-344.3K	0.99	13.07	N/A	N/A	7,762	7,658	71,789	74,815
2016-03-15	$23.26	$23.90	36.2%	10.4%	37.7%	23.7%	35.6%	5.4%	0.4%	1.5M	18.0M	-339.4K	0.55	12.25	N/A	N/A	14,720	8,045	71,668	75,693
2016-03-16	$23.78	$23.90	38.9%	11.1%	37.6%	25.7%	39.6%	1.7%	-5.1%	3.6M	-5.5M	-338.9K	0.37	21.42	N/A	N/A	24,843	9,207	77,793	75,839
2016-03-17	$24.11	$23.90	36.5%	10.5%	37.1%	23.9%	35.8%	5.2%	-0.1%	5.6M	-37.4M	-394.7K	1.00	11.57	N/A	N/A	8,483	8,482	95,163	78,268
2016-03-18	$24.67	$23.90	35.4%	10.1%	37.8%	23.1%	35.8%	3.9%	0.6%	2.8M	-59.2M	-389.1K	0.84	9.86	N/A	N/A	12,452	10,427	95,165	78,507
2016-03-21	$25.05	$23.90	36.2%	10.4%	36.6%	23.7%	37.7%	4.7%	0.4%	3.0M	-36.5M	-385.8K	0.16	14.84	N/A	N/A	59,948	9,399	78,946	67,199
2016-03-22	$24.56	$23.90	37.7%	10.9%	35.8%	24.9%	38.0%	5.1%	0.1%	5.7M	-46.9M	-486.3K	0.80	14.15	N/A	N/A	11,877	9,515	110,657	69,075
2016-03-23	$24.46	$23.90	37.5%	10.7%	35.5%	24.7%	38.0%	4.9%	-0.4%	5.7M	-46.6M	-484.2K	0.69	15.26	N/A	N/A	12,011	8,231	114,044	69,461
2016-03-24	$23.92	$23.90	38.5%	10.9%	29.5%	25.5%	38.9%	5.0%	0.2%	4.6M	-21.0M	-471.4K	0.91	14.13	N/A	N/A	10,583	9,591	113,233	70,199
2016-03-28	$24.01	$23.90	36.9%	10.5%	29.5%	24.2%	37.2%	5.6%	0.2%	5.5M	-25.4M	-448.9K	0.81	16.83	N/A	N/A	9,380	7,556	112,334	68,945
2016-03-29	$24.02	$23.90	35.3%	10.0%	27.8%	23.0%	35.2%	4.8%	0.1%	5.9M	-27.7M	-446.8K	1.03	14.93	N/A	N/A	9,450	9,710	114,357	70,053
2016-03-30	$24.92	$23.90	33.9%	9.4%	29.0%	22.0%	32.7%	4.3%	-0.1%	8.2M	-67.7M	-468.0K	1.07	26.59	N/A	N/A	9,398	10,066	116,196	72,731
2016-03-31	$24.67	$23.90	34.5%	9.9%	28.2%	22.4%	34.5%	4.9%	0.2%	7.8M	-56.4M	-464.4K	0.82	26.03	N/A	N/A	11,295	9,289	117,693	72,987