C Options History — July 2015

In July 2015, C traded between $52.89 and $60.29. ATM implied volatility averaged 19.6%, placing in the 35.5% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 2.0% (HV 20d: 21.6%). Max pain ranged from $55.00 to $57.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.00.

Notable Days

  • 2015-07-16: Highest Volume — 209,812 contracts
  • 2015-07-27: Largest IV spike — 13.4% change
  • 2015-07-08: Highest IV Rank — 69.8%
  • 2015-07-02: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.14$52.89$60.29$55.63$58.44
Max Pain$55.66$55.00$57.00$55.00$57.00
ATM IV19.6%15.8%25.7%22.0%17.6%
Expected Move5.6%4.4%7.1%7.0%5.0%
HV 20d21.6%15.7%25.7%17.0%24.2%
HV 60d17.7%15.8%19.0%15.8%18.6%
IV Rank35.5%13.9%69.8%49.0%24.3%
IV Percentile50.0%11.9%94.0%75.0%34.9%
Term Structure-0.2%-0.9%1.2%-0.7%0.3%
VWIV20.0%16.6%25.0%24.7%19.2%
Skew 25d2.6%1.8%3.8%2.3%3.1%
Skew 10d5.4%2.4%8.3%5.6%5.5%
Call IV 25d18.8%15.3%24.3%21.3%16.5%
Put IV 25d21.4%17.2%28.1%23.6%19.5%
Bid-Ask Spread %7.034.3710.207.526.69
Gamma HHI0.140.100.220.130.13
Net GEX67.3M-881.6K134.6M45.5M82.3M
Net DEX-1.71B-2.84B-84.8M-1.10B-1.97B
Net VEX-14.8M-15.5M-14.3M-14.6M-15.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.312.160.662.16
Total Volume116,234.27357,633209,812138,77594,606
Total OI1,647,395.1821,519,1591,779,6301,556,7311,671,760

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-07-01$55.63$55.0022.0%7.0%17.0%49.0%24.7%2.3%-0.7%45.5M-1.10B-14.6M0.667.5283,38755,388889,603667,128
2015-07-02$55.43$55.0021.7%7.1%16.8%47.5%25.0%2.3%-0.8%47.8M-1.03B-15.3M0.908.3430,29427,339933,969706,271
2015-07-06$55.12$55.0022.8%6.2%15.7%53.8%21.5%2.6%-0.4%33.5M-925.6M-14.6M1.004.8232,50032,420911,428672,623
2015-07-07$54.47$55.0023.1%6.3%15.9%55.4%22.2%2.4%-0.1%17.4M-663.2M-14.5M0.807.4265,25951,984917,759683,414
2015-07-08$52.89$55.0025.7%7.1%18.6%69.8%23.1%3.8%-0.9%-881.6K-84.8M-14.4M0.429.7979,65733,454941,116700,189
2015-07-09$53.87$55.0024.3%6.5%18.6%62.2%23.4%3.1%-0.8%20.5M-504.8M-15.0M0.587.2665,30237,826977,430705,925
2015-07-10$54.60$55.0022.4%6.2%19.4%51.3%20.5%3.4%-0.7%8.0M-850.9M-15.1M0.615.4660,51936,624995,936718,014
2015-07-13$55.62$55.0020.9%5.9%20.8%43.2%19.8%3.7%-0.7%66.0M-1.27B-14.5M0.314.8191,10228,650972,456693,935
2015-07-14$55.92$55.0019.6%5.6%20.8%35.5%19.5%2.6%0.3%84.7M-1.46B-14.6M0.694.3754,12537,6091,001,719706,809
2015-07-15$56.56$55.0018.9%5.3%21.1%31.4%19.3%2.4%-0.1%102.9M-1.72B-14.8M0.716.2482,31158,5981,005,300723,098
2015-07-16$58.58$55.0016.4%4.8%24.2%17.4%17.0%2.0%0.4%134.6M-2.84B-14.4M0.544.92136,12373,6891,026,020751,868
2015-07-17$58.85$55.0015.8%4.4%24.2%13.9%17.4%1.8%-0.8%93.1M-2.84B-14.3M0.884.7684,13874,0021,018,153761,477
2015-07-20$58.86$55.0016.1%4.6%23.9%15.6%16.9%2.1%0.2%95.5M-2.29B-14.5M1.356.9759,98280,699878,108641,051
2015-07-21$59.16$55.0015.9%4.6%23.7%14.8%16.6%1.9%0.5%99.6M-2.39B-14.6M1.105.3253,01558,547894,761672,142
2015-07-22$60.29$55.5016.7%4.8%24.4%19.0%17.6%2.3%-0.3%93.3M-2.81B-14.5M1.039.5879,31481,346897,750682,905
2015-07-23$59.89$57.0017.0%4.9%24.1%21.2%18.0%2.3%-0.7%102.4M-2.62B-15.0M1.159.2568,29178,647912,184707,512
2015-07-24$58.79$57.0018.3%5.2%24.9%28.2%19.4%2.8%0.3%63.9M-2.06B-15.3M1.0810.2076,23482,310919,388722,105
2015-07-27$57.85$57.0020.7%6.0%25.7%42.0%22.4%3.4%-0.1%58.2M-1.74B-15.5M1.467.1942,68962,336908,890703,853
2015-07-28$58.35$57.0019.8%5.6%24.0%36.7%20.7%2.7%0.1%69.8M-1.99B-15.4M1.686.7926,44744,529917,018717,756
2015-07-29$58.90$57.0018.1%5.2%24.0%27.1%18.7%2.8%0.3%79.8M-2.21B-15.2M1.259.4736,50545,746923,126727,764
2015-07-30$58.90$57.0017.3%4.8%24.0%22.8%17.1%2.1%1.2%83.3M-2.20B-15.0M1.697.4227,35546,256926,473736,508
2015-07-31$58.44$57.0017.6%5.0%24.2%24.3%19.2%3.1%0.3%82.3M-1.97B-15.1M2.166.6929,93664,670931,702740,058