ETQ Options History — July 2016

In July 2016, ETQ traded between $33.60 and $36.10. ATM implied volatility averaged 11.4%, placing in the 1.9% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 14.7% (HV 20d: 26.1%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 2 of 20 days.

Notable Days

  • 2016-07-01: Highest Volume — 1 contracts
  • 2016-07-12: Largest IV drop — 18.5% change
  • 2016-07-11: Highest IV Rank — 2.8%
  • 2016-07-07: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.28$33.60$36.10$34.65$36.10
ATM IV11.4%10.0%12.3%12.0%10.5%
Expected Move4.1%2.4%7.1%5.1%3.7%
HV 20d26.1%14.6%30.6%29.7%14.6%
HV 60d182.6%20.4%290.4%290.2%20.4%
IV Rank1.9%0.4%2.8%2.4%0.9%
IV Percentile8.9%0.5%14.7%10.8%3.5%
Term Structure-0.0%-2.4%10.1%-1.9%-1.6%
Skew 25d0.9%-1.3%2.9%0.1%1.7%
Skew 10d2.7%0.7%5.0%1.8%3.0%
Call IV 25d15.0%14.0%16.8%16.1%14.0%
Put IV 25d15.9%15.0%17.8%16.2%15.7%
Bid-Ask Spread %16.1710.5321.4013.5013.00
Gamma HHI1.001.001.001.001.00
Net GEX-0-2000
Net DEX00400
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.750110
Total OI0.750110

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-07-01$34.65$0.0012.0%5.1%29.7%2.4%0.0%0.1%-1.9%0000.0013.500101
2016-07-05$34.03$0.0011.6%6.2%30.1%2.1%0.0%1.7%0.0%0000.0012.970101
2016-07-06$33.60$0.0011.6%6.4%30.2%2.1%0.0%-1.3%0.0%0000.0013.860101
2016-07-07$33.83$0.0012.1%7.1%30.2%2.5%0.0%2.9%2.9%0000.0010.750101
2016-07-08$34.36$0.0011.5%6.7%30.6%1.9%0.0%0.4%10.1%-2400.0010.530101
2016-07-11$34.86$0.0012.3%3.4%29.9%2.8%0.0%-1.3%0.0%0000.0019.170101
2016-07-12$35.33$0.0010.0%2.4%29.5%0.4%0.0%1.5%0.0%0000.0018.840101
2016-07-13$35.20$0.0011.0%3.2%29.2%1.4%0.0%0.5%0.0%0000.0018.850101
2016-07-14$35.76$0.0011.6%3.0%29.3%2.0%0.0%1.7%-2.0%0000.0017.680101
2016-07-15$35.66$0.0011.7%3.1%28.6%2.2%0.0%0.3%-1.9%0000.0021.400101
2016-07-18$35.81$0.0011.3%3.1%28.5%1.7%0.0%0.8%0.0%0000.0017.720101
2016-07-19$35.63$0.0011.7%3.3%27.6%2.2%0.0%0.5%0.0%0000.0014.540101
2016-07-20$35.78$0.0011.4%3.3%27.6%1.9%0.0%1.5%0.0%0000.0019.430101
2016-07-21$35.77$0.0011.6%3.4%27.6%2.1%0.0%2.3%-1.8%0000.0015.450101
2016-07-22$35.85$0.0011.5%3.4%27.4%1.9%0.0%0.8%-2.4%0000.0019.910101
2016-07-25$35.66$0.0011.7%3.7%21.6%2.2%0.0%0.6%0.0%0000.0014.770000
2016-07-26$35.85$0.0011.3%3.7%18.6%1.7%0.0%1.4%0.0%0000.0018.890000
2016-07-27$35.95$0.0011.2%3.8%16.8%1.7%0.0%1.5%0.0%0000.0019.940000
2016-07-28$35.89$0.0011.2%3.9%14.8%1.6%0.0%1.1%-1.6%0000.0012.270000
2016-07-29$36.10$0.0010.5%3.7%14.6%0.9%0.0%1.7%-1.6%0000.0013.000000