ETQ Options History — November 2009

In November 2009, ETQ traded between $5.32 and $6.36. ATM implied volatility averaged 77.0%. The 30-day expected move averaged 21.5%. IV traded above realized volatility by 24.1% (HV 20d: 52.9%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-11-23: Highest Volume — 50 contracts
  • 2009-11-03: Largest IV spike — 20.3% change
  • 2009-11-06: Largest Expected Move — 24.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.04$5.32$6.36$5.32$5.91
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV77.0%65.3%87.8%65.3%80.4%
Expected Move21.5%17.1%24.5%18.7%23.1%
HV 20d52.9%41.4%62.0%62.0%41.4%
Term Structure13.5%-15.6%42.6%19.7%15.6%
Bid-Ask Spread %111.7599.34120.98120.98113.39
Gamma HHI0.710.520.810.750.77
Net GEX37479965145927
Net DEX-23.6K-54.3K-3.6K-5.6K-42.6K
Net VEX-110-196-47-47-176
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume10.50502030
Total OI1286424464244

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-11-02$5.32$0.0065.3%18.7%0.0%0.0%0.0%0.0%19.7%145-5.6K-470.00120.980205410
2009-11-03$5.61$0.0078.6%22.5%0.0%0.0%0.0%0.0%4.8%79-3.6K-660.00119.26005430
2009-11-04$5.91$0.0082.0%23.5%0.0%0.0%0.0%0.0%-15.6%168-5.3K-710.00119.261005430
2009-11-05$6.08$0.0072.3%20.7%0.0%0.0%0.0%0.0%-5.3%229-12.6K-860.00114.39006430
2009-11-06$5.87$5.0078.8%24.5%0.0%0.0%0.0%0.0%5.1%193-11.0K-780.0099.34006430
2009-11-09$5.98$5.0083.9%22.0%0.0%0.0%0.0%0.0%-2.4%208-12.8K-830.00106.17006430
2009-11-10$6.04$5.0080.9%17.1%0.0%0.0%0.0%0.0%36.8%243-11.4K-820.00113.34006430
2009-11-11$5.98$5.0087.8%20.9%0.0%0.0%0.0%0.0%8.9%211-12.2K-780.00113.93006430
2009-11-12$6.30$5.0079.7%22.9%0.0%0.0%0.0%0.0%7.7%232-16.4K-900.00101.69006430
2009-11-13$6.33$5.0076.4%21.9%62.0%0.0%0.0%0.0%10.2%230-17.1K-890.00106.08006430
2009-11-16$6.35$5.0077.9%22.3%59.9%0.0%0.0%0.0%11.1%221-17.4K-870.00105.75006430
2009-11-17$6.36$5.0071.7%20.6%58.0%0.0%0.0%0.0%42.6%208-18.3K-880.00113.59006430
2009-11-18$6.31$5.0082.5%23.6%56.4%0.0%0.0%0.0%17.8%200-18.1K-880.00106.194006430
2009-11-19$6.17$5.0069.4%19.9%55.5%0.0%0.0%0.0%22.0%490-33.7K-990.00112.5430010430
2009-11-20$6.17$5.0068.3%19.6%54.0%0.0%0.0%0.0%23.7%470-44.2K-1600.00112.590013430
2009-11-23$6.09$5.0074.2%21.3%49.9%0.0%0.0%0.0%27.6%520-42.6K-1480.00113.3450013430
2009-11-24$6.02$5.0074.9%21.5%50.1%0.0%0.0%0.0%4.1%656-54.3K-1960.00114.6401018430
2009-11-25$6.08$5.0075.0%21.5%47.5%0.0%0.0%0.0%24.3%878-46.9K-1900.00114.4420018440
2009-11-27$5.91$5.0080.0%22.9%46.7%0.0%0.0%0.0%12.1%965-45.0K-1900.00114.160020440
2009-11-30$5.91$5.0080.4%23.1%41.4%0.0%0.0%0.0%15.6%927-42.6K-1760.00113.3930020440