ETQ Options History — May 2010

In May 2010, ETQ traded between $7.84 and $8.20. ATM implied volatility averaged 34.9%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 17.2% (HV 20d: 17.7%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.81.

Notable Days

  • 2010-05-26: Highest Volume — 70 contracts
  • 2010-05-05: Largest IV spike — 46.2% change
  • 2010-05-10: Highest IV Rank — 41.9%
  • 2010-05-06: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.08$7.84$8.20$8.19$8.10
Max Pain$7.00$5.00$7.50$5.00$7.50
ATM IV34.9%26.0%52.9%30.9%39.5%
Expected Move9.3%7.5%12.5%8.9%11.3%
HV 20d17.7%13.5%19.6%13.5%19.1%
HV 60d32.5%31.6%33.0%31.6%33.0%
IV Rank21.7%11.7%41.9%17.2%26.8%
IV Percentile34.9%12.1%61.9%26.4%51.4%
Term Structure-4.5%-14.2%4.4%-7.1%-9.9%
Skew 25d12.2%7.9%16.0%15.0%7.9%
Skew 10d24.5%10.1%37.6%37.6%10.1%
Call IV 25d17.1%13.7%19.5%19.5%15.7%
Put IV 25d29.3%23.6%35.5%34.5%23.6%
Bid-Ask Spread %110.2168.71140.5471.47119.68
Gamma HHI0.730.600.840.760.73
Net GEX-2.8K-3.7K-1.6K-3.2K-3.2K
Net DEX-94.2K-158.5K-21.2K-133.4K-128.4K
Net VEX-875-1.1K-704-874-778
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.810.004.000.004.00
Total Volume18.45070050
Total OI1,029.31,0041,0751,0751,066

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2010-05-03$8.19$5.0030.9%8.9%13.5%17.2%0.0%0.0%-7.1%-3.2K-133.4K-8740.0071.4700478597
2010-05-04$8.08$5.0029.8%8.5%14.3%15.9%0.0%0.0%-7.2%-3.6K-82.9K-9800.0068.7130468597
2010-05-05$8.06$5.0043.5%12.5%14.2%31.4%0.0%0.0%-14.2%-3.1K-54.8K-1.1K0.00126.23055467597
2010-05-06$7.84$5.0043.6%12.5%16.7%31.4%0.0%0.0%-10.0%-3.7K-21.2K-1.0K0.00140.5400467564
2010-05-07$7.93$7.5037.5%8.5%16.6%24.6%0.0%0.0%-2.9%-3.6K-43.8K-9790.00117.09040467564
2010-05-10$8.13$7.5052.9%8.7%19.3%41.9%0.0%0.0%2.9%-2.8K-99.3K-8330.00119.1700467538
2010-05-11$8.20$7.5037.5%8.2%19.6%24.6%0.0%0.0%-8.4%-2.0K-99.4K-9010.00103.50100467538
2010-05-12$8.19$7.5039.7%7.5%19.4%27.0%0.0%0.0%-3.8%-1.6K-118.8K-8910.0098.2500467538
2010-05-13$8.19$7.5026.6%7.6%19.4%12.3%0.0%0.0%1.1%-2.6K-119.1K-7630.0097.08040467538
2010-05-14$8.18$7.5027.1%7.8%18.8%12.9%0.0%0.0%-0.9%-2.6K-109.0K-8720.0095.9700467558
2010-05-17$8.13$7.5029.0%8.3%18.1%15.0%0.0%0.0%-0.7%-3.0K-103.7K-8360.00115.2800467558
2010-05-18$8.14$7.5027.8%8.0%17.4%13.6%0.0%0.0%4.4%-1.9K-101.0K-9050.0093.7400467558
2010-05-19$8.07$7.5026.0%7.5%17.6%11.7%0.0%0.0%-1.9%-2.4K-93.3K-8970.00112.1200467558
2010-05-20$7.98$7.5029.1%8.3%17.9%15.1%0.0%0.0%-3.0%-2.5K-80.2K-9110.00115.92040467558
2010-05-21$8.08$7.5031.5%9.0%18.5%17.8%0.0%0.0%-0.1%-3.0K-95.2K-8230.00122.6800467550
2010-05-24$8.06$7.5040.0%11.5%18.5%27.4%0.0%15.0%-5.6%-2.8K-70.4K-8300.00130.28015454550
2010-05-25$7.98$7.5036.8%10.5%17.9%23.8%0.0%16.0%-8.6%-3.1K-68.2K-8740.00121.4600454560
2010-05-26$8.00$7.5035.6%10.2%17.8%22.5%0.0%0.0%-12.3%-3.0K-104.3K-7532.50120.222050454560
2010-05-27$8.16$7.5034.1%9.8%19.1%20.8%0.0%10.0%-2.0%-3.3K-158.5K-7042.54114.801333464596
2010-05-28$8.10$7.5039.5%11.3%19.1%26.8%0.0%7.9%-9.9%-3.2K-128.4K-7784.00119.681040467599