COMM Options History — February 2014

In February 2014, COMM traded between $18.00 and $24.22. ATM implied volatility averaged 27.9%. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 7.0% (HV 20d: 34.9%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.96.

Notable Days

  • 2014-02-20: Highest Volume — 971 contracts
  • 2014-02-12: Largest IV spike — 13.6% change
  • 2014-02-20: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.06$18.00$24.22$18.00$24.22
Max Pain$18.16$17.50$20.00$17.50$20.00
ATM IV27.9%23.2%31.7%30.8%25.3%
Expected Move8.3%7.2%9.1%8.8%7.2%
HV 20d34.9%24.2%55.7%26.0%52.7%
HV 60d29.2%24.1%38.3%27.4%36.9%
Term Structure2.3%-2.7%9.3%0.5%1.1%
VWIV30.7%23.6%39.0%30.5%23.6%
Skew 25d3.1%-0.4%7.1%5.4%0.7%
Skew 10d18.3%-5.4%107.0%11.0%-4.0%
Call IV 25d27.7%22.2%34.2%27.6%27.1%
Put IV 25d30.8%27.4%34.6%33.0%27.8%
Bid-Ask Spread %94.6185.07104.88102.8091.36
Gamma HHI0.540.350.850.560.35
Net GEX6.9K-5.7K23.2K-5.4K18.1K
Net DEX-612.9K-2.7M-93.8K-93.8K-1.3M
Net VEX-1.2K-2.8K-561-1.1K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.0012.360.0012.36
Total Volume146.36809717334
Total OI866.0537471,7337471,080

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$18.00$17.5030.8%8.8%26.0%0.0%30.5%5.4%0.5%-5.4K-93.8K-1.1K0.00102.80N/AN/A70380367
2014-02-04$18.26$17.5030.0%8.6%26.5%0.0%0.0%6.0%1.4%-3.9K-149.9K-1.1K0.00101.37N/AN/A00384367
2014-02-05$18.50$17.5027.1%7.8%26.7%0.0%0.0%7.1%9.3%-1.0K-205.2K-1.1K0.00101.65N/AN/A00384367
2014-02-06$18.46$17.5026.8%7.7%26.7%0.0%0.0%6.7%8.2%-1.5K-199.8K-1.0K0.00104.88N/AN/A00384367
2014-02-07$18.21$17.5026.1%8.9%27.1%0.0%0.0%-0.4%1.9%-5.7K-142.9K-1.0K0.0092.79N/AN/A00384367
2014-02-10$18.58$17.5025.5%9.1%27.8%0.0%39.0%2.6%1.1%-1.5K-260.8K-8040.0092.75N/AN/A260384367
2014-02-11$18.89$17.5023.2%8.4%27.6%0.0%0.0%2.7%0.7%6.0K-315.7K-6930.0092.92N/AN/A100380367
2014-02-12$18.60$17.5026.3%9.0%27.0%0.0%0.0%2.5%1.1%-1.6K-263.3K-7050.0092.69N/AN/A10380367
2014-02-13$18.77$17.5028.1%8.1%25.7%0.0%0.0%2.5%1.9%2.4K-298.6K-6440.0092.89N/AN/A50381367
2014-02-14$18.81$17.5027.7%7.9%25.2%0.0%0.0%3.4%2.2%3.4K-308.7K-6470.0092.91N/AN/A50386367
2014-02-18$19.02$17.5028.3%8.1%24.3%0.0%0.0%4.0%1.6%9.4K-339.6K-6000.0093.47N/AN/A50386367
2014-02-19$18.94$17.5028.3%8.1%24.3%0.0%29.1%3.7%2.5%6.1K-326.9K-5611.4795.68N/AN/A4566386367
2014-02-20$18.97$17.5031.7%9.1%24.2%0.0%35.4%0.4%-2.7%8.4K-324.9K-8790.0099.25N/AN/A9710420413
2014-02-21$21.92$17.5030.5%8.7%54.7%0.0%29.0%3.2%5.1%16.2K-2.7M-9190.1685.07N/AN/A6541061,320413
2014-02-24$22.92$20.0028.8%8.3%55.7%0.0%28.7%6.6%2.5%21.3K-1.1M-1.5K0.1496.26N/AN/A23132643229
2014-02-25$23.00$20.0029.2%8.4%53.7%0.0%29.1%-0.1%1.3%23.2K-988.6K-2.1K0.0891.12N/AN/A12710662261
2014-02-26$23.36$20.0028.4%8.1%53.7%0.0%28.0%0.6%1.7%18.9K-1.1M-2.2K0.2088.27N/AN/A9920679271
2014-02-27$23.63$20.0027.9%8.0%52.6%0.0%34.8%1.7%1.8%19.2K-1.2M-2.8K0.0089.52N/AN/A270770291
2014-02-28$24.22$20.0025.3%7.2%52.7%0.0%23.6%0.7%1.1%18.1K-1.3M-2.7K12.3691.36N/AN/A25309789291