C Options History — June 2014

In June 2014, C traded between $47.10 and $49.58. ATM implied volatility averaged 17.5%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 4.8% (HV 20d: 12.7%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2014-06-13: Highest Volume — 168,462 contracts
  • 2014-06-13: Largest IV spike — 6.6% change
  • 2014-06-26: Highest IV Rank — 23.5%
  • 2014-06-12: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.02$47.10$49.58$47.76$47.10
Max Pain$49.76$45.00$55.00$45.00$50.00
ATM IV17.5%15.2%19.4%15.8%19.1%
Expected Move6.1%5.9%6.4%6.3%6.0%
HV 20d12.7%10.0%14.6%12.2%14.3%
HV 60d19.5%16.5%21.3%21.2%16.5%
IV Rank12.9%0.1%23.5%3.7%21.8%
IV Percentile13.1%0.4%28.6%0.8%25.4%
Term Structure0.7%-0.5%3.1%0.2%-0.4%
VWIV21.5%20.0%23.3%22.4%20.4%
Skew 25d2.1%0.7%3.8%2.0%2.3%
Skew 10d4.7%3.4%7.8%6.5%5.0%
Call IV 25d17.1%14.3%19.1%15.6%18.1%
Put IV 25d19.2%16.5%21.2%17.6%20.4%
Bid-Ask Spread %11.318.1319.8810.3811.61
Gamma HHI0.120.090.180.100.11
Net GEX29.9M-9.0M81.5M22.8M-6.1M
Net DEX-378.1M-1.19B100.4M-311.4M95.6M
Net VEX-14.6M-15.3M-13.9M-14.6M-13.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.322.210.540.41
Total Volume65,169.8131,017168,46252,38550,622
Total OI2,009,621.6191,742,4382,161,2631,968,7231,840,624

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-06-02$47.76$45.0015.8%6.3%12.2%3.7%22.4%2.0%0.2%22.8M-311.4M-14.6M0.5410.3834,05518,3301,039,603929,120
2014-06-03$48.19$45.0016.0%6.4%11.8%4.7%21.8%2.0%0.4%32.6M-455.3M-15.2M0.3810.0346,63317,5801,056,684939,465
2014-06-04$47.88$45.0015.7%6.3%10.0%2.9%21.5%2.1%0.1%34.3M-404.3M-15.0M0.6010.2022,79013,7521,078,271946,246
2014-06-05$48.63$45.0015.2%6.0%11.0%0.1%21.4%2.2%0.3%62.2M-717.3M-15.0M0.558.9139,28021,7541,089,324952,567
2014-06-06$48.93$45.0015.2%5.9%10.8%0.3%20.8%1.7%0.3%81.5M-930.1M-15.0M0.3710.0075,30027,7481,092,496961,412
2014-06-09$49.58$45.0015.5%6.1%11.3%1.8%21.8%1.8%2.2%80.0M-1.19B-15.2M0.3210.7663,23720,1051,086,047953,987
2014-06-10$49.33$45.0015.5%6.1%11.6%1.9%20.0%1.6%3.1%77.5M-1.02B-15.0M0.4611.4249,13522,7031,097,604966,318
2014-06-11$48.81$55.0016.1%6.1%12.4%5.3%23.3%2.4%2.4%58.3M-714.8M-15.3M0.789.0217,44813,5691,115,520979,204
2014-06-12$48.27$55.0017.1%6.4%12.9%10.6%22.7%0.7%3.1%39.2M-493.2M-15.1M0.7111.4633,50423,7291,119,916983,184
2014-06-13$47.59$55.0018.2%6.4%13.1%16.8%22.7%3.8%1.8%18.7M-173.9M-14.6M0.918.1388,35380,1091,126,916986,302
2014-06-16$47.64$52.5018.7%6.3%13.1%19.4%21.4%2.0%0.4%2.7M-158.1M-14.7M0.898.6121,28818,8601,129,536998,976
2014-06-17$47.79$52.5019.1%6.3%12.9%21.5%20.5%2.0%0.3%10.0M-243.9M-14.7M0.6210.2328,66317,6791,136,5751,005,510
2014-06-18$47.93$52.5018.9%6.3%12.7%20.3%21.1%1.8%0.6%19.3M-333.8M-14.5M0.6110.4329,42117,8331,147,4771,009,421
2014-06-19$47.56$52.5018.4%6.2%13.0%17.9%21.6%2.4%1.0%11.5M-119.0M-14.2M1.1210.0521,30123,7901,138,4571,004,004
2014-06-20$47.34$52.5018.9%6.2%13.0%20.4%21.0%2.6%-0.5%5.0M-2.4M-14.0M1.2419.8838,95048,4291,145,2691,015,994
2014-06-23$48.06$52.5018.4%6.0%14.0%18.1%21.9%2.3%-0.0%31.7M-374.4M-14.0M0.4811.1659,26628,636934,304808,134
2014-06-24$47.81$50.0018.3%5.9%14.0%17.2%22.9%2.1%-0.3%29.9M-277.3M-14.1M0.8413.8345,10137,777966,020827,341
2014-06-25$47.82$50.0018.6%5.9%13.8%19.5%21.8%2.2%-0.2%29.5M-260.4M-14.4M2.2113.0615,65534,553990,788849,455
2014-06-26$47.23$50.0019.4%6.0%14.6%23.5%20.5%2.1%-0.3%-4.4M48.8M-14.1M0.6413.0327,35017,416994,644872,666
2014-06-27$47.14$50.0019.2%6.0%14.4%22.8%20.1%2.5%-0.4%-9.0M100.4M-14.1M0.7015.3233,46223,4001,006,113880,560
2014-06-30$47.10$50.0019.1%6.0%14.3%21.8%20.4%2.3%-0.4%-6.1M95.6M-13.9M0.4111.6135,86214,760978,762861,862