C Options History — May 2012

In May 2012, C traded between $26.00 and $33.60. ATM implied volatility averaged 42.7%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 12.0% (HV 20d: 30.7%). Max pain ranged from $30.00 to $34.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.94.

Notable Days

  • 2012-05-17: Highest Volume — 303,359 contracts
  • 2012-05-30: Largest IV spike — 17.1% change
  • 2012-05-18: Highest IV Rank — 32.4%
  • 2012-05-18: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.73$26.00$33.60$33.60$26.51
Max Pain$31.77$30.00$34.00$34.00$30.00
ATM IV42.7%31.1%54.2%32.5%44.0%
Expected Move12.1%8.4%15.5%8.4%12.8%
HV 20d30.7%27.0%34.8%34.0%33.5%
HV 60d35.3%34.1%36.5%34.4%35.7%
IV Rank21.4%10.6%32.4%11.9%19.7%
IV Percentile46.6%17.9%63.5%22.2%47.6%
Term Structure1.4%-1.4%2.8%1.7%2.6%
VWIV42.7%29.5%53.6%29.5%46.6%
Skew 25d8.3%4.3%13.8%5.5%7.4%
Skew 10d16.7%8.2%29.3%11.2%13.3%
Call IV 25d38.9%27.8%47.8%27.8%43.5%
Put IV 25d47.2%33.3%61.6%33.3%50.9%
Bid-Ask Spread %5.123.5110.615.793.70
Gamma HHI0.090.070.190.070.09
Net GEX-11.6M-26.5M4.9M4.9M-9.4M
Net DEX954.5M75.3M1.54B75.3M1.09B
Net VEX-10.6M-11.7M-9.5M-11.3M-11.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.521.700.650.74
Total Volume161,871.68275,020303,35982,872102,689
Total OI2,538,848.7732,225,3802,827,8822,225,3802,808,580

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-05-01$33.60$34.0032.5%8.4%34.0%11.9%29.5%5.5%1.7%4.9M75.3M-11.3M0.655.7950,29832,5741,109,0461,116,334
2012-05-02$32.70$34.0031.1%8.7%34.8%10.6%30.4%4.3%1.9%-3.4M326.3M-10.8M0.7210.6165,33446,8821,124,6501,121,773
2012-05-03$32.48$34.0032.7%9.7%32.8%12.1%33.3%6.1%1.0%-4.1M390.8M-11.3M0.844.3844,78537,7561,156,5941,141,546
2012-05-04$31.60$33.0033.8%9.9%33.8%13.1%34.4%7.1%2.2%-8.5M617.5M-10.9M1.094.3155,74660,7261,170,0001,149,854
2012-05-07$31.67$33.0038.7%10.0%33.1%17.8%35.3%7.1%2.2%-7.6M544.6M-10.8M0.845.7284,30571,0131,154,8061,153,584
2012-05-08$31.32$33.0040.2%10.3%31.4%19.2%35.9%7.0%2.0%-9.2M618.8M-10.7M0.924.8045,52142,1031,174,9811,162,938
2012-05-09$30.45$33.0038.2%11.0%31.3%17.3%39.1%6.3%0.7%-14.2M832.6M-10.2M1.374.2771,29397,5121,193,8581,171,425
2012-05-10$30.65$32.0038.3%11.0%28.7%17.4%39.4%7.3%0.7%-15.5M785.4M-10.7M1.103.5146,69251,2631,224,1951,220,442
2012-05-11$29.35$32.0039.9%11.4%29.8%18.9%39.3%6.0%0.8%-16.8M1.11B-10.0M1.674.17111,804187,2581,233,6531,227,213
2012-05-14$28.14$32.0042.9%12.3%31.0%21.7%43.4%7.4%0.9%-19.3M1.28B-9.6M0.934.39102,62695,1781,244,4681,244,913
2012-05-15$27.79$32.0044.3%12.7%27.0%23.1%46.1%9.7%0.9%-18.5M1.32B-9.5M0.764.53172,493130,2781,266,4761,259,994
2012-05-16$26.92$32.0046.1%13.2%27.5%24.8%47.2%10.1%1.6%-18.8M1.44B-9.7M0.524.11164,83685,9201,355,9201,313,684
2012-05-17$26.41$32.0052.0%14.9%27.5%30.4%51.9%11.8%-1.4%-15.2M1.48B-9.8M1.585.25117,388185,9711,446,9961,326,624
2012-05-18$26.01$31.0054.2%15.5%27.0%32.4%53.6%13.8%-0.5%-26.5M1.54B-9.7M1.705.49111,930190,6601,469,9961,357,886
2012-05-21$26.25$31.0049.1%14.1%28.0%27.6%48.3%10.5%0.5%-13.7M1.20B-10.0M0.834.8092,50776,5551,273,5271,230,995
2012-05-22$26.92$31.0046.7%13.4%30.4%25.4%47.3%8.7%2.0%-10.3M1.04B-11.0M0.605.13121,72773,2271,320,6031,266,363
2012-05-23$27.15$30.0047.6%13.6%30.5%26.2%49.6%9.3%1.2%-7.9M954.0M-11.7M0.617.1291,34355,4081,389,5911,293,492
2012-05-24$26.66$30.0047.1%13.5%29.9%25.8%49.0%9.4%1.8%-6.9M1.03B-11.3M0.855.5366,66256,3981,423,2151,305,563
2012-05-25$26.47$30.0044.2%13.6%30.0%23.0%48.0%10.0%2.1%-10.8M1.09B-11.1M0.714.8643,78331,2371,426,7371,322,805
2012-05-29$27.02$30.0044.4%12.2%32.1%23.2%44.3%8.9%2.8%-9.6M1.02B-11.1M0.566.4761,12334,3971,418,5661,308,492
2012-05-30$26.00$30.0052.0%13.3%32.0%28.7%47.3%9.1%2.8%-12.9M1.20B-10.6M0.993.7047,27146,7051,450,1131,322,182
2012-05-31$26.51$30.0044.0%12.8%33.5%19.7%46.6%7.4%2.6%-9.4M1.09B-11.0M0.743.7058,86043,8291,469,2371,339,343