AVGO Options History — January 2019

In January 2019, AVGO traded between $23.10 and $27.06. ATM implied volatility averaged 31.2%, placing in the 39.3% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 13.8% (HV 20d: 45.0%). Max pain ranged from $24.00 to $27.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.04.

Notable Days

2019-01-24: Highest Volume — 263,410 contracts
2019-01-04: Largest IV drop — 11.1% change
2019-01-03: Highest IV Rank — 75.0%
2019-01-03: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.40	$23.10	$27.06	$25.24	$26.71
Max Pain	$25.17	$24.00	$27.00	$24.00	$27.00
ATM IV	31.2%	26.2%	40.4%	36.7%	29.4%
Expected Move	9.0%	7.5%	11.3%	10.5%	8.9%
HV 20d	45.0%	37.9%	48.4%	37.9%	42.3%
HV 60d	41.3%	38.4%	42.6%	38.4%	38.6%
IV Rank	39.3%	19.9%	75.0%	60.8%	32.6%
IV Percentile	49.0%	16.3%	93.7%	84.5%	38.9%
Term Structure	0.3%	-1.2%	3.3%	-0.2%	1.9%
VWIV	32.0%	26.3%	39.7%	39.7%	31.9%
Skew 25d	4.5%	3.5%	5.7%	5.6%	4.6%
Skew 10d	8.6%	6.9%	11.7%	10.5%	6.9%
Call IV 25d	29.2%	24.6%	37.8%	34.5%	26.7%
Put IV 25d	33.6%	28.1%	43.4%	40.1%	31.3%
Bid-Ask Spread %	31.56	9.66	61.74	40.07	9.83
Gamma HHI	0.14	0.08	0.56	0.14	0.08
Net GEX	34.3M	-2.6M	112.3M	38.9M	25.5M
Net DEX	-876.3M	-1.49B	67.2M	-965.6M	-1.10B
Net VEX	-8.8M	-9.6M	-8.2M	-8.8M	-9.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.04	0.41	2.38	2.38	1.10
Total Volume	145,272.381	60,500	263,410	137,210	98,580
Total OI	2,498,461.429	1,799,840	2,959,680	2,631,970	2,156,590

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
2019-01-02	$25.24	$24.00	36.7%	10.5%	37.9%	60.8%	39.7%	5.6%	-0.2%	38.9M	-965.6M	-8.8M	2.38	40.07	40,600	96,610	1,452,620	1,179,350
2019-01-03	$23.10	$25.00	40.4%	11.3%	48.1%	75.0%	39.6%	5.7%	-0.9%	-2.6M	67.2M	-8.3M	0.83	32.73	143,670	119,580	1,466,100	1,221,040
2019-01-04	$23.38	$25.00	35.9%	10.6%	48.3%	57.7%	36.2%	5.2%	0.1%	5.9M	-73.8M	-8.4M	0.72	36.57	95,630	68,770	1,512,690	1,230,440
2019-01-07	$23.84	$25.00	35.4%	10.1%	47.8%	55.8%	38.7%	5.2%	-0.3%	11.5M	-298.8M	-8.4M	1.12	33.09	28,590	31,910	1,478,660	1,219,470
2019-01-08	$23.55	$25.00	34.3%	9.6%	47.9%	51.4%	34.8%	4.8%	-0.5%	7.7M	-179.4M	-8.3M	0.77	39.13	51,710	39,580	1,530,190	1,247,740
2019-01-09	$24.61	$25.00	32.8%	9.3%	48.4%	45.7%	34.2%	4.8%	-0.4%	34.4M	-743.7M	-8.6M	0.92	41.70	87,620	81,030	1,542,070	1,255,700
2019-01-10	$25.01	$25.00	33.4%	9.6%	46.7%	48.1%	33.8%	4.0%	-0.1%	45.8M	-974.2M	-8.7M	0.75	44.46	81,230	60,590	1,559,120	1,271,630
2019-01-11	$25.09	$25.00	31.1%	9.0%	45.3%	39.0%	31.8%	4.2%	0.5%	41.4M	-1.02B	-8.6M	1.16	47.53	48,100	55,870	1,564,360	1,290,120
2019-01-14	$25.13	$25.00	31.2%	9.0%	45.1%	39.6%	32.0%	4.5%	-1.2%	39.2M	-970.8M	-8.4M	1.07	55.31	30,040	32,120	1,525,690	1,257,950
2019-01-15	$25.72	$25.00	28.9%	8.3%	45.6%	30.4%	29.9%	4.0%	-0.1%	58.6M	-1.30B	-8.2M	0.92	57.90	103,090	94,890	1,533,400	1,267,880
2019-01-16	$25.19	$25.00	29.0%	8.3%	46.1%	31.0%	29.0%	3.6%	-0.8%	37.1M	-985.4M	-8.4M	1.29	55.69	58,550	75,510	1,556,660	1,316,660
2019-01-17	$25.58	$25.00	27.3%	7.8%	46.3%	24.4%	28.8%	4.3%	0.4%	47.5M	-1.21B	-8.6M	0.95	61.74	111,140	105,770	1,576,750	1,345,000
2019-01-18	$26.06	$25.00	26.2%	7.5%	45.3%	19.9%	26.3%	3.5%	-0.2%	112.3M	-1.49B	-8.8M	0.61	14.52	157,650	95,780	1,577,800	1,381,880
2019-01-22	$25.73	$25.00	29.0%	8.7%	45.6%	31.1%	30.7%	3.6%	0.0%	19.0M	-736.6M	-8.9M	1.58	14.59	32,930	52,020	998,210	801,630
2019-01-23	$25.77	$25.00	29.8%	8.9%	45.6%	34.1%	30.8%	4.3%	-0.4%	19.2M	-740.8M	-9.0M	1.18	9.66	81,780	96,230	1,014,220	821,950
2019-01-24	$26.32	$25.50	28.4%	8.3%	43.9%	28.6%	27.5%	4.2%	-0.1%	28.7M	-980.3M	-9.2M	0.41	15.63	186,930	76,480	1,078,450	887,930
2019-01-25	$26.80	$25.50	26.5%	7.7%	42.2%	21.3%	27.7%	3.8%	0.1%	65.2M	-1.24B	-9.5M	0.83	12.30	79,640	66,170	1,184,450	923,830
2019-01-28	$26.80	$25.50	28.9%	8.5%	42.1%	30.6%	29.7%	4.7%	3.3%	30.2M	-1.14B	-9.6M	1.61	12.48	24,330	39,220	1,145,390	893,670
2019-01-29	$26.65	$25.50	30.1%	8.5%	41.8%	35.1%	30.3%	4.9%	2.0%	23.8M	-1.06B	-9.6M	0.81	13.27	56,650	45,670	1,154,010	925,300
2019-01-30	$27.06	$25.50	29.7%	8.3%	42.1%	33.5%	28.6%	4.4%	2.1%	30.9M	-1.26B	-9.6M	0.84	14.57	64,460	54,000	1,177,900	943,190
2019-01-31	$26.71	$27.00	29.4%	8.9%	42.3%	32.6%	31.9%	4.6%	1.9%	25.5M	-1.10B	-9.6M	1.10	9.83	46,950	51,630	1,196,850	959,740