AVTR Options History — February 2012

In February 2012, AVTR traded between $10.20 and $12.04. ATM implied volatility averaged 44.9%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 1.9% (HV 20d: 43.0%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 11 of 11 trading days. Term structure was in contango for 11 of 11 days. Put/call ratio averaged 0.00.

Notable Days

2012-02-03: Highest Volume — 11 contracts
2012-02-14: Largest IV spike — 28.8% change
2012-02-07: Highest IV Rank — 14.4%
2012-02-08: Largest Expected Move — 13.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.92	$10.20	$12.04	$10.20	$12.04
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	44.9%	35.5%	47.7%	47.2%	45.5%
Expected Move	12.7%	9.7%	13.9%	13.5%	13.0%
HV 20d	43.0%	39.1%	46.6%	43.9%	42.1%
HV 60d	60.4%	59.2%	61.4%	60.3%	59.2%
IV Rank	12.4%	5.4%	14.4%	14.1%	12.8%
IV Percentile	47.9%	4.8%	60.7%	59.5%	49.6%
Term Structure	5.7%	0.2%	17.1%	0.2%	3.2%
Skew 25d	5.8%	-5.4%	13.0%	7.8%	-1.3%
Skew 10d	17.5%	9.8%	48.0%	12.2%	11.7%
Call IV 25d	39.5%	33.9%	45.3%	41.7%	43.6%
Put IV 25d	45.4%	33.8%	50.7%	49.4%	42.4%
Bid-Ask Spread %	110.48	103.13	117.14	117.14	103.13
Gamma HHI	0.60	0.47	0.70	0.47	0.70
Net GEX	1.1K	789	1.3K	789	1.3K
Net DEX	-89.9K	-112.8K	-75.9K	-75.9K	-112.8K
Net VEX	-148	-171	-123	-123	-169
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	1.909	0	11	0	0
Total OI	139	131	142	131	142

Daily Data (11 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2012-02-01	$10.20	$10.00	47.2%	13.5%	43.9%	14.1%	0.0%	7.8%	0.2%	789	-75.9K	-123	117.14	N/A	N/A	0	114	17
2012-02-02	$10.51	$10.00	42.1%	12.1%	42.3%	10.4%	0.0%	10.3%	6.9%	831	-81.2K	-126	116.57	N/A	N/A	0	114	17
2012-02-03	$11.00	$0.00	45.7%	9.7%	42.6%	13.0%	0.0%	-0.1%	17.1%	978	-87.8K	-140	114.08	N/A	N/A	11	114	17
2012-02-06	$10.55	$0.00	46.5%	13.5%	46.6%	13.6%	0.0%	9.5%	3.6%	1.0K	-83.7K	-138	106.75	N/A	N/A	10	125	17
2012-02-07	$10.62	$0.00	47.7%	13.5%	46.0%	14.4%	0.0%	9.7%	2.1%	1.1K	-83.9K	-149	109.51	N/A	N/A	0	125	17
2012-02-08	$10.90	$0.00	43.1%	13.9%	43.5%	11.1%	0.0%	13.0%	4.5%	1.1K	-90.5K	-147	103.78	N/A	N/A	0	125	17
2012-02-09	$10.76	$0.00	47.5%	13.6%	42.9%	14.3%	0.0%	9.4%	1.6%	1.1K	-87.3K	-155	109.37	N/A	N/A	0	125	17
2012-02-10	$10.63	$0.00	47.6%	13.6%	39.1%	14.4%	0.0%	8.9%	3.5%	1.1K	-84.0K	-147	109.79	N/A	N/A	0	125	17
2012-02-13	$11.28	$0.00	35.5%	10.2%	42.5%	5.4%	0.0%	2.3%	15.1%	1.2K	-97.4K	-160	114.15	N/A	N/A	0	125	17
2012-02-14	$11.61	$0.00	45.7%	13.1%	41.9%	13.0%	0.0%	-5.4%	5.0%	1.2K	-104.9K	-171	111.03	N/A	N/A	0	125	17
2012-02-15	$12.04	$0.00	45.5%	13.0%	42.1%	12.8%	0.0%	-1.3%	3.2%	1.3K	-112.8K	-169	103.13	N/A	N/A	0	125	17