AVGO Options History — May 2018

In May 2018, AVGO traded between $22.57 and $25.19. ATM implied volatility averaged 29.2%, placing in the 40.6% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 4.6% (HV 20d: 24.6%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.90.

Notable Days

2018-05-31: Highest Volume — 584,240 contracts
2018-05-30: Largest IV drop — 9.2% change
2018-05-09: Highest IV Rank — 55.6%
2018-05-29: Largest Expected Move — 9.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.00	$22.57	$25.19	$23.00	$25.19
Max Pain	$24.00	$24.00	$24.00	$24.00	$24.00
ATM IV	29.2%	27.9%	32.0%	28.1%	28.0%
Expected Move	8.6%	7.8%	9.3%	7.9%	8.9%
HV 20d	24.6%	19.3%	29.3%	29.0%	20.0%
HV 60d	31.3%	30.3%	33.1%	33.1%	30.3%
IV Rank	40.6%	33.6%	55.6%	34.7%	34.3%
IV Percentile	53.6%	43.7%	69.8%	49.6%	46.0%
Term Structure	-0.3%	-3.2%	1.7%	0.5%	-1.5%
VWIV	30.1%	27.2%	32.8%	27.2%	31.0%
Skew 25d	2.0%	1.1%	2.8%	2.8%	2.2%
Skew 10d	3.7%	1.3%	6.0%	5.5%	3.8%
Call IV 25d	28.4%	26.6%	31.1%	27.2%	26.9%
Put IV 25d	30.4%	28.8%	33.3%	30.0%	29.1%
Bid-Ask Spread %	14.42	10.45	17.99	13.13	14.88
Gamma HHI	0.11	0.09	0.16	0.09	0.14
Net GEX	32.0M	-24.1M	80.8M	-9.6M	80.8M
Net DEX	-263.2M	-878.0M	483.7M	299.9M	-861.0M
Net VEX	-7.2M	-7.8M	-6.4M	-6.4M	-7.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.90	0.40	1.59	1.11	0.46
Total Volume	200,050	102,660	584,240	226,040	584,240
Total OI	2,396,340.909	2,102,740	2,512,370	2,102,740	2,448,120

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 Vol	Put Vol	Call OI	Put OI
2018-05-01	$23.00	$24.00	28.1%	7.9%	29.0%	34.7%	27.2%	2.8%	0.5%	-9.6M	299.9M	-6.4M	1.11	13.13	107,230	118,810	1,201,250	901,490
2018-05-02	$22.89	$24.00	27.9%	7.8%	28.9%	34.0%	27.3%	2.6%	0.4%	-14.3M	362.9M	-6.5M	0.94	12.84	105,770	99,610	1,263,810	945,230
2018-05-03	$22.57	$24.00	29.2%	8.8%	29.1%	40.6%	31.6%	2.6%	0.2%	-24.1M	483.7M	-6.6M	0.93	15.68	156,310	145,930	1,312,950	972,740
2018-05-04	$23.13	$24.00	28.2%	8.8%	29.2%	35.2%	31.2%	2.5%	0.2%	5.2M	164.2M	-7.2M	0.67	16.78	181,380	121,200	1,401,650	999,490
2018-05-07	$23.64	$24.00	28.6%	8.9%	28.6%	37.6%	30.6%	2.8%	1.7%	18.7M	-124.7M	-7.6M	0.70	13.23	122,640	85,590	1,424,880	970,120
2018-05-08	$23.84	$24.00	29.9%	8.9%	28.1%	44.3%	31.2%	2.0%	1.3%	29.4M	-251.8M	-7.8M	1.18	14.08	59,930	70,830	1,472,990	991,680
2018-05-09	$23.77	$24.00	32.0%	8.8%	28.1%	55.6%	31.5%	2.1%	-1.2%	28.0M	-214.7M	-7.7M	1.33	15.97	69,680	92,590	1,480,270	996,170
2018-05-10	$24.33	$24.00	30.7%	8.8%	29.3%	48.4%	30.2%	2.3%	-0.1%	48.4M	-547.6M	-7.8M	0.81	15.04	105,830	85,710	1,492,090	1,010,690
2018-05-11	$24.33	$24.00	30.2%	8.7%	25.6%	45.8%	29.8%	1.7%	0.1%	48.9M	-538.0M	-7.8M	1.02	16.14	62,970	64,380	1,483,280	1,022,860
2018-05-14	$24.51	$24.00	29.3%	8.4%	25.8%	41.4%	31.0%	1.3%	-0.7%	43.4M	-575.8M	-7.6M	1.21	17.08	83,740	100,990	1,454,470	993,120
2018-05-15	$24.10	$24.00	30.9%	8.8%	25.6%	49.5%	30.9%	1.3%	0.4%	28.3M	-315.1M	-7.4M	0.71	17.38	97,240	69,130	1,453,700	964,970
2018-05-16	$24.00	$24.00	29.8%	8.5%	25.5%	43.8%	30.8%	1.5%	-0.7%	27.3M	-240.8M	-7.4M	0.89	13.24	54,250	48,410	1,491,300	987,290
2018-05-17	$24.02	$24.00	29.7%	8.5%	23.5%	43.4%	29.9%	1.6%	-0.4%	21.3M	-249.4M	-7.3M	0.79	15.34	69,170	54,320	1,496,640	1,003,230
2018-05-18	$23.66	$24.00	29.2%	8.4%	22.4%	40.5%	29.6%	1.1%	0.0%	23.8M	-4.2M	-6.9M	1.59	13.58	75,590	120,370	1,508,870	1,003,500
2018-05-21	$23.84	$24.00	28.8%	8.3%	21.9%	38.8%	28.9%	1.6%	0.4%	23.2M	-101.0M	-6.9M	0.80	10.45	65,550	52,730	1,373,040	925,530
2018-05-22	$23.88	$24.00	28.0%	8.4%	19.4%	34.1%	29.4%	2.3%	0.3%	26.5M	-133.1M	-6.9M	0.93	10.65	58,680	54,310	1,393,760	932,040
2018-05-23	$23.96	$24.00	28.0%	8.2%	19.3%	34.6%	28.6%	2.2%	-0.7%	29.4M	-155.1M	-6.8M	0.79	17.99	81,580	64,840	1,411,170	945,340
2018-05-24	$24.35	$24.00	28.3%	8.3%	19.7%	36.2%	28.9%	2.4%	-0.5%	59.0M	-421.5M	-7.0M	0.72	12.71	100,880	72,650	1,450,210	966,320
2018-05-25	$24.95	$24.00	28.6%	8.4%	20.9%	37.5%	29.7%	1.5%	-1.0%	76.8M	-878.0M	-7.3M	0.64	13.08	150,000	96,570	1,482,680	976,020
2018-05-29	$25.01	$24.00	30.7%	9.3%	20.3%	48.5%	32.8%	1.8%	-3.2%	65.7M	-757.5M	-7.1M	1.09	14.34	94,530	102,860	1,427,800	913,980
2018-05-30	$25.00	$24.00	27.9%	8.9%	20.2%	33.6%	30.1%	2.6%	-1.9%	67.8M	-730.9M	-7.0M	0.40	13.61	137,440	54,640	1,434,530	938,230
2018-05-31	$25.19	$24.00	28.0%	8.9%	20.0%	34.3%	31.0%	2.2%	-1.5%	80.8M	-861.0M	-7.1M	0.46	14.88	399,680	184,560	1,494,770	953,350