COMM Options History — January 2014

In January 2014, COMM traded between $17.31 and $19.30. ATM implied volatility averaged 28.3%. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 6.2% (HV 20d: 22.1%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.93.

Notable Days

  • 2014-01-23: Highest Volume — 185 contracts
  • 2014-01-15: Largest IV spike — 49.8% change
  • 2014-01-23: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.31$17.31$19.30$18.77$17.93
Max Pain$17.26$15.00$17.50$15.00$17.50
ATM IV28.3%19.4%42.7%24.8%28.3%
Expected Move8.1%5.6%9.0%7.1%8.1%
HV 20d22.1%16.3%27.4%16.6%27.4%
HV 60d27.3%26.8%27.8%27.0%27.6%
Term Structure3.4%0.6%12.4%6.8%1.6%
VWIV28.4%17.8%31.3%17.8%29.6%
Skew 25d2.0%-3.8%7.3%3.5%1.9%
Skew 10d2.5%-7.9%9.7%0.9%2.5%
Call IV 25d27.7%18.8%33.6%27.4%26.6%
Put IV 25d29.7%26.2%32.3%30.9%28.5%
Bid-Ask Spread %96.6677.69113.80113.80104.91
Gamma HHI0.660.470.760.580.61
Net GEX4.0K-8.4K11.4K9.3K-7.0K
Net DEX-199.8K-401.1K87.9K-341.5K-59.1K
Net VEX-1.0K-1.3K-793-836-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.930.0010.001.063.00
Total Volume23.286018500
Total OI597.143455747455747

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-01-02$18.77$15.0024.8%7.1%16.6%0.0%0.0%3.5%6.8%9.3K-341.5K-8360.00113.80N/AN/A00315140
2014-01-03$19.19$15.0019.4%5.6%17.7%0.0%17.8%7.3%12.4%8.9K-389.6K-7931.06111.85N/AN/A3133315140
2014-01-06$19.30$17.5019.6%8.7%16.3%0.0%30.4%1.5%2.1%10.1K-401.1K-9220.0081.54N/AN/A210343162
2014-01-07$19.03$17.5022.4%7.8%17.7%0.0%29.3%4.1%3.4%11.4K-374.6K-8921.0091.57N/AN/A1010352162
2014-01-08$18.99$17.5023.0%8.0%17.3%0.0%0.0%4.4%4.3%11.0K-372.4K-9780.0077.69N/AN/A00360172
2014-01-09$18.93$17.5031.0%7.9%17.5%0.0%0.0%3.4%3.6%11.4K-366.3K-9600.0091.86N/AN/A00360172
2014-01-10$18.67$17.5029.7%8.5%18.5%0.0%0.0%1.9%3.3%10.7K-332.1K-9180.0091.70N/AN/A030360172
2014-01-13$18.35$17.5033.9%8.6%19.9%0.0%0.0%0.8%3.7%9.9K-278.8K-9480.0090.89N/AN/A150360185
2014-01-14$17.96$17.5028.5%8.5%21.7%0.0%29.9%-3.8%3.9%10.4K-231.1K-1.0K10.0084.75N/AN/A550375185
2014-01-15$18.43$17.5042.7%8.7%23.1%0.0%27.7%2.5%2.7%6.0K-261.8K-1.1K0.5098.89N/AN/A105367235
2014-01-16$18.68$17.5029.2%8.4%23.5%0.0%0.0%2.9%4.3%7.1K-301.6K-1.1K0.0091.07N/AN/A03377240
2014-01-17$18.30$17.5028.2%8.1%24.8%0.0%27.8%1.0%5.2%5.9K-236.3K-1.1K0.0096.47N/AN/A200377243
2014-01-21$18.25$17.5028.7%8.2%23.8%0.0%0.0%-0.0%3.2%5.0K-147.9K-1.0K0.0096.11N/AN/A00324223
2014-01-22$18.37$17.5028.2%8.1%23.0%0.0%0.0%0.2%2.8%5.8K-166.1K-1.0K0.0095.68N/AN/A00324223
2014-01-23$17.88$17.5031.3%9.0%24.8%0.0%31.3%6.1%1.2%2.9K-87.4K-9832.70100.14N/AN/A50135324223
2014-01-24$17.81$17.5030.1%8.6%24.8%0.0%31.3%-3.0%0.9%-2.4K-55.2K-1.3K1.0497.02N/AN/A2425374333
2014-01-27$17.31$17.5029.6%8.5%26.6%0.0%29.6%-0.0%0.6%-7.8K87.9K-1.2K3.00102.06N/AN/A39377358
2014-01-28$17.61$17.5028.5%8.2%27.2%0.0%0.0%2.9%2.2%-7.6K15.5K-1.3K0.0099.53N/AN/A00380367
2014-01-29$17.34$17.5028.5%8.2%27.1%0.0%0.0%1.7%2.4%-8.4K59.0K-1.2K0.00106.77N/AN/A00380367
2014-01-30$17.51$17.5029.2%8.4%25.7%0.0%0.0%2.0%1.4%-8.4K45.1K-1.2K0.00105.56N/AN/A00380367
2014-01-31$17.93$17.5028.3%8.1%27.4%0.0%0.0%1.9%1.6%-7.0K-59.1K-1.2K0.00104.91N/AN/A00380367