ASHR Options History — March 2017

In March 2017, ASHR traded between $24.63 and $25.40. ATM implied volatility averaged 15.0%, placing in the 5.8% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 2.8% (HV 20d: 12.2%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.18.

Notable Days

2017-03-20: Highest Volume — 12,280 contracts
2017-03-30: Largest IV spike — 30.5% change
2017-03-30: Highest IV Rank — 24.4%
2017-03-07: Largest Expected Move — 4.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.05	$24.63	$25.40	$25.28	$25.12
Max Pain	$25.87	$25.00	$26.00	$25.00	$26.00
ATM IV	15.0%	13.3%	19.1%	15.3%	14.4%
Expected Move	4.2%	3.7%	4.7%	4.5%	3.8%
HV 20d	12.2%	10.3%	14.1%	10.3%	12.1%
HV 60d	12.8%	11.1%	14.5%	14.2%	11.1%
IV Rank	5.8%	0.0%	24.4%	3.0%	4.7%
IV Percentile	4.7%	0.0%	32.9%	2.0%	3.2%
Term Structure	-0.1%	-3.9%	2.0%	0.5%	-0.5%
VWIV	15.0%	11.8%	17.8%	14.5%	13.2%
Skew 25d	1.0%	-1.6%	4.9%	-0.8%	-0.3%
Skew 10d	0.7%	-2.9%	6.1%	-0.2%	-2.6%
Call IV 25d	15.5%	12.2%	18.6%	16.6%	15.9%
Put IV 25d	16.5%	14.9%	21.6%	15.7%	15.6%
Bid-Ask Spread %	40.42	9.50	70.53	32.78	31.87
Gamma HHI	0.23	0.17	0.32	0.21	0.24
Net GEX	2.9M	1.0M	5.5M	3.6M	2.6M
Net DEX	5.4M	-7.9M	18.7M	-7.2M	9.1M
Net VEX	-497.7K	-564.4K	-436.3K	-564.4K	-436.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.18	0.90	1.39	1.16	1.12
Total Volume	11,449.087	10,748	12,280	11,110	11,473
Total OI	125,743.304	123,296	127,429	125,166	127,429

Daily Data (23 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
2017-03-01	$25.28	$25.00	15.3%	4.5%	10.3%	3.0%	14.5%	-0.8%	0.5%	3.6M	-7.2M	-564.4K	1.16	32.78	N/A	N/A	5,137	5,973	71,880	53,286
2017-03-02	$24.84	$25.00	13.9%	4.5%	12.2%	0.0%	15.0%	-1.6%	0.4%	2.4M	7.1M	-549.0K	1.21	14.73	N/A	N/A	5,188	6,287	71,814	53,491
2017-03-03	$24.88	$25.00	15.8%	4.2%	12.2%	7.3%	14.6%	-0.3%	0.6%	2.2M	6.2M	-528.4K	1.20	34.37	N/A	N/A	5,226	6,290	71,865	54,274
2017-03-06	$24.90	$26.00	16.4%	4.6%	11.9%	9.7%	17.8%	1.4%	-0.1%	2.7M	4.4M	-558.5K	1.19	21.82	N/A	N/A	5,145	6,123	71,801	53,499
2017-03-07	$24.99	$26.00	16.7%	4.7%	11.9%	10.9%	16.5%	-0.3%	0.3%	2.8M	2.1M	-540.9K	1.19	21.25	N/A	N/A	5,187	6,165	71,883	53,511
2017-03-08	$24.82	$26.00	15.2%	4.5%	11.6%	4.9%	16.5%	1.4%	0.8%	2.4M	11.5M	-522.4K	1.01	27.56	N/A	N/A	5,360	5,438	71,845	53,515
2017-03-09	$24.63	$26.00	18.0%	4.2%	11.8%	16.6%	14.6%	0.9%	-3.9%	1.4M	18.7M	-487.7K	0.90	12.01	N/A	N/A	6,141	5,555	72,085	53,502
2017-03-10	$24.72	$26.00	14.2%	4.1%	11.8%	1.4%	15.3%	0.7%	0.3%	1.0M	17.2M	-473.2K	1.04	9.50	N/A	N/A	5,382	5,623	72,086	53,378
2017-03-13	$24.92	$26.00	14.3%	4.2%	11.9%	1.6%	15.4%	0.8%	0.1%	2.6M	5.9M	-488.9K	1.15	23.06	N/A	N/A	5,125	5,877	71,991	53,327
2017-03-14	$24.85	$26.00	14.5%	4.1%	11.9%	2.3%	16.5%	0.3%	-0.0%	1.9M	12.3M	-490.2K	1.16	17.00	N/A	N/A	4,965	5,783	72,067	53,502
2017-03-15	$25.23	$26.00	13.3%	3.8%	13.1%	0.0%	13.1%	-0.5%	-0.9%	3.9M	-519.5K	-489.3K	1.07	59.19	N/A	N/A	5,434	5,821	72,067	53,427
2017-03-16	$25.38	$26.00	14.2%	4.1%	13.2%	3.5%	14.7%	0.4%	2.0%	5.5M	-7.9M	-508.4K	1.12	56.94	N/A	N/A	5,627	6,299	72,389	53,237
2017-03-17	$25.00	$26.00	13.6%	4.2%	14.1%	1.3%	14.6%	2.6%	0.7%	2.7M	7.8M	-489.5K	1.23	58.09	N/A	N/A	5,034	6,183	72,510	53,841
2017-03-20	$25.05	$26.00	14.0%	4.0%	13.9%	2.8%	15.4%	1.9%	0.7%	2.6M	5.4M	-484.2K	1.37	61.41	N/A	N/A	5,172	7,108	70,627	52,669
2017-03-21	$25.09	$26.00	15.0%	4.3%	12.1%	6.9%	15.8%	1.8%	-1.0%	3.0M	5.9M	-496.0K	1.39	66.38	N/A	N/A	5,137	7,129	70,989	53,961
2017-03-22	$25.21	$26.00	15.0%	4.3%	12.2%	6.7%	16.5%	1.6%	-0.8%	3.4M	911.1K	-506.5K	1.31	66.06	N/A	N/A	5,236	6,847	71,195	54,297
2017-03-23	$25.18	$26.00	13.9%	3.9%	12.2%	2.3%	14.8%	3.2%	1.9%	2.9M	5.8M	-477.1K	1.21	70.53	N/A	N/A	5,142	6,239	71,380	54,587
2017-03-24	$25.39	$26.00	14.4%	4.1%	12.6%	4.6%	14.5%	1.4%	0.1%	3.7M	-747.4K	-487.7K	1.23	62.07	N/A	N/A	5,069	6,229	71,399	54,575
2017-03-27	$25.40	$26.00	15.0%	4.5%	12.2%	7.1%	15.8%	0.9%	-0.1%	3.4M	1.6M	-448.0K	1.18	57.61	N/A	N/A	5,203	6,156	71,520	54,737
2017-03-28	$25.21	$26.00	14.5%	4.2%	12.5%	5.1%	14.6%	2.2%	-0.7%	4.0M	641.3K	-486.2K	1.19	21.67	N/A	N/A	5,213	6,224	71,844	54,967
2017-03-29	$25.19	$26.00	14.7%	3.7%	12.4%	5.8%	13.8%	-0.4%	-1.6%	3.5M	6.4M	-455.9K	1.23	41.93	N/A	N/A	5,261	6,487	71,880	54,960
2017-03-30	$24.88	$26.00	19.1%	3.8%	11.6%	24.4%	11.8%	4.9%	-2.0%	2.0M	11.7M	-479.2K	1.14	61.89	N/A	N/A	5,434	6,202	71,941	55,066
2017-03-31	$25.12	$26.00	14.4%	3.8%	12.1%	4.7%	13.2%	-0.3%	-0.5%	2.6M	9.1M	-436.3K	1.12	31.87	N/A	N/A	5,422	6,051	72,245	55,184