AVGO Options History — November 2018

In November 2018, AVGO traded between $21.91 and $23.97. ATM implied volatility averaged 39.9%, placing in the 80.6% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded below realized volatility by 3.8% (HV 20d: 43.7%). Max pain ranged from $22.75 to $23.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.79.

Notable Days

2018-11-27: Highest Volume — 306,410 contracts
2018-11-12: Largest IV spike — 17.2% change
2018-11-12: Highest IV Rank — 100.0%
2018-11-14: Largest Expected Move — 13.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.14	$21.91	$23.97	$22.94	$23.81
Max Pain	$22.98	$22.75	$23.00	$23.00	$23.00
ATM IV	39.9%	33.7%	46.8%	33.7%	37.5%
Expected Move	11.6%	9.9%	13.1%	10.3%	11.9%
HV 20d	43.7%	38.6%	48.2%	38.6%	39.8%
HV 60d	36.3%	32.5%	38.1%	32.5%	37.6%
IV Rank	80.6%	61.9%	100.0%	65.0%	64.0%
IV Percentile	94.9%	79.0%	100.0%	79.0%	93.3%
Term Structure	-0.9%	-3.4%	2.8%	2.8%	-1.9%
VWIV	40.6%	34.6%	47.0%	36.0%	41.7%
Skew 25d	5.9%	3.7%	7.7%	5.8%	5.5%
Skew 10d	12.1%	7.2%	16.1%	10.3%	11.1%
Call IV 25d	37.4%	30.7%	44.1%	30.7%	36.0%
Put IV 25d	43.3%	36.5%	50.3%	36.5%	41.5%
Bid-Ask Spread %	21.15	13.16	36.11	19.21	35.74
Gamma HHI	0.08	0.06	0.10	0.08	0.10
Net GEX	15.3M	-531.0K	28.2M	11.7M	27.5M
Net DEX	-221.3M	-571.0M	201.9M	-127.3M	-516.1M
Net VEX	-8.1M	-8.6M	-7.5M	-8.1M	-8.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.79	0.23	1.59	0.50	0.38
Total Volume	189,180.952	126,490	306,410	208,700	199,850
Total OI	2,221,979.048	2,058,260	2,444,390	2,102,950	2,444,390

Daily Data (21 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
2018-11-01	$22.94	$23.00	33.7%	10.3%	38.6%	65.0%	36.0%	5.8%	2.8%	11.7M	-127.3M	-8.1M	0.50	19.21	138,860	69,840	1,154,440	948,510
2018-11-02	$22.12	$23.00	36.0%	11.0%	40.1%	77.1%	37.2%	6.5%	2.4%	-531.0K	167.2M	-7.8M	0.80	16.67	88,170	70,570	1,221,660	976,130
2018-11-05	$21.91	$23.00	38.3%	10.8%	40.1%	88.7%	39.2%	6.1%	-3.4%	1.5M	201.9M	-7.5M	0.94	20.39	65,170	61,320	1,173,210	949,210
2018-11-06	$22.79	$23.00	37.7%	10.5%	42.8%	85.6%	39.1%	4.9%	-1.1%	11.1M	-94.2M	-8.0M	0.77	16.07	79,380	61,000	1,191,030	970,970
2018-11-07	$23.44	$23.00	35.1%	10.0%	41.0%	72.6%	35.0%	3.7%	-0.4%	21.2M	-346.4M	-8.0M	0.56	18.26	84,170	47,270	1,203,670	977,180
2018-11-08	$23.97	$23.00	35.0%	9.9%	41.4%	71.7%	34.6%	4.0%	-0.6%	28.2M	-571.0M	-8.1M	0.72	20.97	108,140	77,900	1,212,510	981,570
2018-11-09	$23.84	$23.00	36.9%	10.3%	41.4%	81.7%	36.7%	4.4%	-0.8%	25.4M	-506.3M	-8.2M	0.70	22.97	86,000	60,150	1,232,610	1,002,880
2018-11-12	$22.43	$23.00	43.3%	12.5%	47.0%	100.0%	42.0%	6.3%	0.6%	3.8M	58.6M	-7.9M	1.35	15.60	107,830	145,700	1,185,280	978,470
2018-11-13	$22.45	$23.00	43.8%	12.7%	46.1%	100.0%	43.0%	5.2%	1.1%	3.4M	60.2M	-8.0M	1.48	19.11	69,980	103,360	1,209,100	1,005,380
2018-11-14	$22.78	$23.00	46.8%	13.1%	46.6%	100.0%	47.0%	6.2%	-1.3%	7.2M	-93.5M	-8.2M	1.59	21.42	75,750	120,270	1,212,300	1,010,570
2018-11-15	$23.64	$23.00	44.6%	12.7%	46.2%	91.5%	44.3%	6.2%	-0.6%	19.9M	-414.2M	-8.5M	0.89	18.64	113,960	101,850	1,227,610	1,025,430
2018-11-16	$23.78	$23.00	43.2%	12.3%	46.2%	85.9%	43.8%	5.9%	-0.6%	22.3M	-470.2M	-8.4M	0.92	16.56	85,490	78,480	1,245,160	1,034,760
2018-11-19	$22.93	$23.00	45.5%	13.0%	48.1%	95.1%	42.7%	7.4%	-2.6%	9.9M	-136.6M	-8.1M	1.05	13.58	98,150	103,400	1,108,100	950,160
2018-11-20	$22.75	$23.00	46.0%	13.1%	48.2%	96.8%	45.8%	7.7%	-2.0%	7.7M	-61.1M	-8.1M	1.08	13.16	83,010	89,510	1,152,290	988,820
2018-11-21	$23.09	$22.75	42.4%	12.1%	46.9%	82.8%	41.7%	7.1%	-2.4%	14.7M	-170.9M	-8.1M	0.77	14.31	75,610	58,140	1,169,010	1,013,030
2018-11-23	$22.99	$22.75	41.3%	12.0%	47.0%	78.5%	43.4%	6.7%	-1.7%	19.6M	-129.4M	-8.0M	0.88	27.48	71,340	62,750	1,186,320	1,015,300
2018-11-26	$23.52	$23.00	37.8%	11.4%	44.9%	65.1%	39.6%	5.9%	-1.0%	16.9M	-284.5M	-7.9M	0.26	14.91	234,340	59,950	1,153,760	999,650
2018-11-27	$23.63	$23.00	37.7%	11.4%	44.0%	64.7%	38.4%	6.7%	-1.6%	22.7M	-412.5M	-8.4M	0.23	28.89	248,900	57,510	1,323,990	1,015,570
2018-11-28	$23.45	$23.00	37.0%	11.5%	40.7%	61.9%	40.3%	6.3%	-1.5%	21.0M	-339.1M	-8.3M	0.30	34.03	186,990	56,630	1,360,080	1,026,570
2018-11-29	$23.69	$23.00	37.4%	11.5%	40.4%	63.6%	40.3%	5.5%	-1.8%	26.0M	-463.1M	-8.6M	0.32	36.11	140,920	45,190	1,387,710	1,037,170
2018-11-30	$23.81	$23.00	37.5%	11.9%	39.8%	64.0%	41.7%	5.5%	-1.9%	27.5M	-516.1M	-8.6M	0.38	35.74	144,940	54,910	1,400,320	1,044,070