C Options History — June 2015

In June 2015, C traded between $54.46 and $57.41. ATM implied volatility averaged 18.5%, placing in the 29.4% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 3.1% (HV 20d: 15.4%). Max pain ranged from $52.50 to $55.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 1.10.

Notable Days

  • 2015-06-29: Highest Volume — 149,036 contracts
  • 2015-06-29: Largest IV spike — 24.6% change
  • 2015-06-29: Highest IV Rank — 58.2%
  • 2015-06-29: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.20$54.46$57.41$54.46$55.38
Max Pain$54.32$52.50$55.00$52.50$55.00
ATM IV18.5%15.7%23.6%15.7%21.7%
Expected Move5.7%4.6%7.5%4.6%7.0%
HV 20d15.4%13.9%18.1%14.5%18.1%
HV 60d15.7%14.6%18.3%18.0%15.8%
IV Rank29.4%13.7%58.2%13.7%47.6%
IV Percentile43.1%13.9%87.7%13.9%70.6%
Term Structure0.5%-0.8%3.6%-0.0%-0.6%
VWIV20.5%16.3%26.5%16.3%24.9%
Skew 25d2.7%2.1%3.5%2.6%2.8%
Skew 10d5.7%4.5%7.4%6.8%5.8%
Call IV 25d17.6%15.0%22.0%15.0%20.7%
Put IV 25d20.3%17.6%25.4%17.6%23.5%
Bid-Ask Spread %6.474.0711.187.665.79
Gamma HHI0.200.110.330.170.12
Net GEX107.4M34.1M172.7M75.8M40.5M
Net DEX-1.71B-2.39B-893.6M-1.11B-1.02B
Net VEX-14.3M-14.7M-13.6M-13.6M-14.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.471.961.880.73
Total Volume95,213.90954,305149,03694,96071,480
Total OI1,688,222.3181,452,8171,886,0791,617,4521,540,590

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-06-01$54.46$52.5015.7%4.6%14.5%13.7%16.3%2.6%-0.0%75.8M-1.11B-13.6M1.887.6633,00261,958925,172692,280
2015-06-02$54.72$52.5016.5%5.0%14.4%18.2%17.6%2.2%0.8%76.6M-1.20B-13.9M0.477.1037,02217,283933,192720,495
2015-06-03$55.70$52.5016.7%4.9%14.2%19.2%16.9%2.7%-0.4%121.1M-1.69B-14.4M0.506.7079,23339,913953,416722,876
2015-06-04$55.28$52.5017.6%5.8%13.9%24.3%20.5%2.2%-0.1%107.5M-1.49B-14.6M0.726.5067,85649,150977,031740,170
2015-06-05$56.22$52.5016.7%5.8%14.5%19.4%20.4%2.5%0.6%131.6M-1.98B-14.7M0.734.0782,67560,728988,596746,577
2015-06-08$55.71$55.0018.1%6.1%14.5%27.3%22.1%3.1%3.6%113.5M-1.67B-14.5M1.195.2240,05847,639976,557747,368
2015-06-09$55.98$52.5018.4%6.1%14.5%28.6%21.4%2.9%3.2%121.2M-1.78B-14.7M1.796.9033,95260,941991,230766,523
2015-06-10$57.02$55.0016.8%5.6%15.5%19.9%20.6%2.3%2.6%160.8M-2.31B-14.5M0.944.5561,01757,325996,367804,597
2015-06-11$57.13$55.0017.0%5.5%15.4%21.1%20.3%2.5%2.4%172.6M-2.39B-14.5M1.347.2546,78562,6341,013,470818,923
2015-06-12$57.12$55.0017.7%5.6%15.3%25.0%21.1%2.1%2.4%164.9M-2.34B-14.6M1.144.7144,70550,8901,018,966842,795
2015-06-15$56.67$55.0019.7%5.8%15.5%36.3%21.1%3.5%-0.0%151.1M-2.01B-14.4M1.228.3541,57950,8051,003,031827,894
2015-06-16$57.00$55.0020.5%6.0%15.4%40.7%21.9%3.4%-0.3%172.7M-2.19B-14.7M1.175.4134,35140,0441,007,679835,115
2015-06-17$56.40$55.0019.8%5.7%15.6%36.6%21.4%3.1%-0.8%134.1M-1.87B-14.4M1.0611.1842,39344,8751,016,856837,831
2015-06-18$56.71$55.0018.7%5.3%15.3%30.3%19.7%2.9%0.4%132.7M-2.00B-13.9M0.865.1849,79542,6421,017,415851,138
2015-06-19$56.31$55.0018.0%5.2%15.6%26.5%18.9%2.9%-0.3%74.0M-1.82B-13.9M1.965.6043,54885,3501,026,522859,557
2015-06-22$56.99$55.0017.6%5.2%16.1%24.1%18.4%2.5%-0.3%81.3M-1.68B-14.1M1.336.0227,91637,111810,572642,245
2015-06-23$57.41$55.0018.2%5.4%15.1%27.5%18.8%2.2%-0.2%86.6M-1.85B-13.8M1.127.3036,35640,822819,082648,528
2015-06-24$56.74$55.0019.4%5.6%15.5%34.4%19.7%2.6%-0.8%78.0M-1.58B-14.0M1.057.1336,57138,219830,982663,499
2015-06-25$56.21$55.0019.5%5.9%15.8%35.0%20.6%2.7%-0.8%65.8M-1.38B-14.1M1.067.1832,06233,989841,946671,024
2015-06-26$56.30$55.0018.9%5.7%15.4%31.9%21.1%2.4%-0.6%66.8M-1.36B-14.2M0.866.6643,51937,477855,854680,983
2015-06-29$54.95$55.0023.6%7.5%17.9%58.2%26.5%3.4%-0.6%34.1M-893.6M-14.3M0.985.8775,15673,880853,302622,645
2015-06-30$55.38$55.0021.7%7.0%18.1%47.6%24.9%2.8%-0.6%40.5M-1.02B-14.3M0.735.7941,39830,082884,457656,133