C Options History — October 2014

In October 2014, C traded between $49.72 and $53.56. ATM implied volatility averaged 22.6%, placing in the 49.0% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 0.2% (HV 20d: 22.7%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.85.

Notable Days

  • 2014-10-15: Highest Volume — 177,902 contracts
  • 2014-10-17: Largest IV drop — 16.7% change
  • 2014-10-13: Highest IV Rank — 100.0%
  • 2014-10-15: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.40$49.72$53.56$51.10$53.56
Max Pain$50.80$50.00$55.00$50.00$52.50
ATM IV22.6%17.0%31.0%23.5%17.0%
Expected Move6.7%6.0%7.9%6.4%6.0%
HV 20d22.7%17.0%25.8%17.0%23.8%
HV 60d18.3%16.8%19.5%16.9%18.9%
IV Rank49.0%17.5%100.0%50.1%17.7%
IV Percentile65.0%18.7%100.0%80.6%19.0%
Term Structure-0.4%-5.0%1.7%-0.5%0.1%
VWIV24.4%18.7%28.1%22.8%18.7%
Skew 25d4.0%1.9%6.9%1.9%2.8%
Skew 10d8.4%3.1%13.7%3.1%7.6%
Call IV 25d21.1%15.9%29.1%22.7%15.9%
Put IV 25d25.1%18.7%35.4%24.7%18.7%
Bid-Ask Spread %15.308.1152.1513.588.11
Gamma HHI0.140.080.240.130.17
Net GEX41.3M-36.3M84.0M42.1M84.0M
Net DEX-1.00B-1.85B-245.0M-910.0M-1.85B
Net VEX-13.5M-14.4M-12.5M-14.1M-12.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.282.120.350.60
Total Volume95,766.91349,088177,90284,494162,896
Total OI1,969,686.131,820,0742,069,1041,976,7371,962,498

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-10-01$51.10$50.0023.5%6.4%17.0%50.1%22.8%1.9%-0.5%42.1M-910.0M-14.1M0.3513.5862,73321,7611,065,698911,039
2014-10-02$51.25$50.0023.8%6.5%17.0%51.6%22.4%4.2%-0.2%47.0M-985.9M-14.0M0.4912.0241,56920,1701,080,831918,740
2014-10-03$52.32$50.0022.0%6.2%18.6%42.1%21.5%3.0%0.4%74.8M-1.55B-14.0M0.2811.9483,91523,4991,088,666925,603
2014-10-06$52.28$50.0021.9%6.2%18.5%41.5%21.3%3.0%-0.7%66.5M-1.46B-13.7M0.659.1652,34433,7971,056,146906,340
2014-10-07$51.27$50.0022.3%6.3%19.1%43.5%24.0%3.4%-0.1%33.4M-946.0M-14.0M0.3313.1046,55815,5251,059,713927,876
2014-10-08$52.47$50.0022.5%6.4%20.4%44.6%24.7%4.0%0.5%71.4M-1.55B-14.1M0.6413.0558,68637,8291,079,756934,107
2014-10-09$51.15$50.0025.4%7.1%22.2%62.4%24.9%3.2%-0.5%33.5M-897.3M-14.3M0.7115.9357,99241,2801,088,972942,491
2014-10-10$50.67$50.0027.9%7.4%22.4%87.7%26.4%4.8%0.0%24.3M-674.7M-14.4M0.7317.5972,79753,2521,102,261951,067
2014-10-13$49.98$50.0031.0%7.7%22.8%100.0%27.3%2.7%-0.7%9.6M-384.7M-13.9M0.5022.65101,71650,7371,078,884948,132
2014-10-14$51.06$50.0027.0%7.3%24.3%76.4%26.8%4.3%-0.7%43.9M-945.9M-14.1M0.6052.1553,91632,3111,111,813951,846
2014-10-15$49.72$50.0030.0%7.9%25.8%93.7%27.7%6.3%-3.3%1.4M-245.0M-14.1M0.8316.1297,12780,7751,099,557956,398
2014-10-16$49.75$50.0030.0%7.7%23.9%94.0%28.1%6.9%-5.0%3.8M-272.7M-13.5M0.6513.3956,08336,6531,094,066949,310
2014-10-17$50.07$50.0025.0%7.2%24.2%64.6%26.0%5.8%-1.4%-36.3M-387.9M-13.2M2.1221.0248,475102,5881,103,106965,998
2014-10-20$50.57$0.0021.3%6.9%24.6%43.0%23.3%4.2%1.7%24.8M-629.1M-13.0M0.8013.4042,91434,320943,568876,506
2014-10-21$51.40$50.0019.5%6.3%25.4%32.2%28.0%4.1%0.5%41.1M-944.1M-13.2M1.3412.7735,88548,144961,038886,626
2014-10-22$50.75$55.0021.1%6.8%25.5%41.6%26.6%4.2%-0.5%29.8M-700.8M-13.3M1.2113.7438,92147,082982,854907,202
2014-10-23$51.31$52.5019.3%6.3%24.5%31.3%22.7%4.2%-0.5%45.4M-955.3M-13.4M1.0514.5636,09137,804992,047925,199
2014-10-24$51.78$52.5018.0%6.4%24.4%23.4%23.9%3.8%0.2%48.8M-1.17B-13.1M1.2910.2530,28339,055995,904927,845
2014-10-27$51.47$50.0019.1%6.3%24.3%30.2%24.8%4.1%0.1%40.1M-956.9M-13.0M1.448.8420,09628,992977,436913,393
2014-10-28$52.37$50.0017.0%6.1%25.1%17.5%22.4%3.6%1.2%65.8M-1.42B-12.6M1.1812.4328,98234,225985,516915,192
2014-10-29$52.65$52.5017.2%6.1%24.5%18.6%23.9%4.2%0.9%72.1M-1.52B-12.5M0.7814.4833,89326,295986,127935,526
2014-10-30$53.15$52.5017.5%6.1%24.7%20.6%23.2%3.4%0.2%81.7M-1.68B-12.8M0.9011.5648,77143,902989,989939,899
2014-10-31$53.56$52.5017.0%6.0%23.8%17.7%18.7%2.8%0.1%84.0M-1.85B-12.5M0.608.11101,86461,0321,001,234961,264