IYE Options History — December 2008

In December 2008, IYE traded between $25.70 and $29.32. ATM implied volatility averaged 62.8%, placing in the 38.3% IV rank vs the trailing year. The 30-day expected move averaged 18.4%. IV traded below realized volatility by 19.8% (HV 20d: 82.5%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.61.

Notable Days

  • 2008-12-23: Highest Volume — 147 contracts
  • 2008-12-05: Largest IV drop — 25.8% change
  • 2008-12-02: Highest IV Rank — 56.2%
  • 2008-12-02: Largest Expected Move — 23.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.54$25.70$29.32$26.84$28.33
Max Pain$30.00$25.00$35.00$25.00$30.00
ATM IV62.8%42.1%83.2%71.8%42.1%
Expected Move18.4%12.1%23.8%20.6%12.1%
HV 20d82.5%47.1%101.6%101.4%47.1%
HV 60d111.7%109.4%113.2%112.9%109.4%
IV Rank38.3%18.5%56.2%46.2%18.5%
IV Percentile82.5%71.4%94.0%89.7%71.4%
Term Structure-1.1%-22.8%21.1%21.1%-1.4%
VWIV61.7%47.9%72.6%67.7%47.9%
Skew 25d13.6%1.2%25.2%19.5%2.7%
Skew 10d27.1%-6.0%55.6%50.7%13.4%
Call IV 25d56.8%46.7%72.2%59.8%50.0%
Put IV 25d70.4%52.1%86.4%79.3%52.7%
Bid-Ask Spread %65.2832.5594.3494.3480.00
Gamma HHI0.420.270.620.270.61
Net GEX27.4K8.6K63.6K15.5K37.4K
Net DEX79.9K-361.7K481.1K90.0K-219.7K
Net VEX-3.9K-4.9K-3.0K-4.3K-4.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.006.250.000.00
Total Volume62.86401472771
Total OI1,999.2731,7392,2451,7392,139

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-12-01$26.84$25.0071.8%20.6%101.4%46.2%67.7%19.5%21.1%15.5K90.0K-4.3K0.0094.34N/AN/A2701,222517
2008-12-02$27.48$25.0083.2%23.8%101.6%56.2%62.4%25.2%-7.1%15.3K188.6K-4.0K0.0047.02N/AN/A2901,222517
2008-12-03$27.58$25.0065.4%18.8%98.4%40.7%61.9%23.0%8.8%17.4K171.4K-4.0K0.0076.89N/AN/A901,251517
2008-12-04$25.70$25.0080.9%23.2%100.0%54.2%67.8%16.7%7.3%11.5K351.8K-3.5K0.3755.19N/AN/A41151,257517
2008-12-05$26.20$35.0060.0%21.5%98.7%35.9%0.0%9.2%-7.0%8.6K457.5K-3.1K0.0062.40N/AN/A0641,278527
2008-12-08$27.53$35.0062.1%19.0%99.3%37.8%64.4%20.2%-0.8%18.8K230.7K-3.6K0.3972.26N/AN/A51201,278589
2008-12-09$27.56$35.0053.8%18.4%99.2%30.4%62.8%21.7%-4.1%22.5K194.3K-3.9K0.1580.98N/AN/A65101,318609
2008-12-10$28.89$35.0063.9%19.5%100.0%39.3%68.6%17.9%-7.7%31.9K-90.2K-4.5K0.0068.16N/AN/A13601,370619
2008-12-11$28.72$30.0065.1%18.7%96.2%40.4%65.7%15.8%-5.1%44.9K-317.5K-4.9K0.1277.46N/AN/A86101,475619
2008-12-12$28.46$30.0061.1%17.5%88.9%36.9%61.3%16.2%-3.2%40.7K-92.6K-4.5K0.7576.92N/AN/A20151,545623
2008-12-15$28.45$30.0062.3%17.9%87.7%37.9%0.0%11.7%-3.8%45.0K-123.3K-4.4K0.0037.90N/AN/A001,545638
2008-12-16$29.32$30.0062.4%17.9%88.0%38.0%62.7%15.7%-5.4%63.6K-361.7K-4.7K0.0040.29N/AN/A3101,545638
2008-12-17$29.11$30.0065.8%18.9%87.5%41.0%63.4%1.2%-8.0%58.4K-257.1K-4.4K6.2581.98N/AN/A4251,574638
2008-12-18$27.40$30.0077.9%22.3%88.6%51.6%72.6%23.8%-22.8%27.2K145.4K-4.0K1.0777.24N/AN/A41441,573663
2008-12-19$27.11$30.0071.1%20.4%74.7%45.7%65.1%19.1%-11.2%19.4K211.3K-3.8K2.0076.68N/AN/A121,591654
2008-12-22$26.62$30.0060.7%17.4%66.4%36.5%59.2%11.3%10.3%10.6K481.1K-3.0K0.0135.60N/AN/A12011,308503
2008-12-23$26.31$30.0057.2%16.4%63.2%33.5%55.5%1.4%3.9%16.8K325.9K-3.2K0.6032.55N/AN/A92551,424504
2008-12-24$26.31$30.0058.0%16.6%62.8%34.1%0.0%2.6%3.8%17.1K303.0K-3.3K0.0070.37N/AN/A1001,491525
2008-12-26$26.81$30.0059.0%16.9%58.9%35.0%64.9%10.8%4.9%21.4K123.0K-3.5K0.1173.27N/AN/A89101,501489
2008-12-29$27.34$30.0053.9%15.5%59.4%30.6%48.9%9.2%4.7%25.9K47.4K-3.5K0.2944.98N/AN/A78231,536499
2008-12-30$27.91$30.0043.0%12.3%47.5%21.0%49.2%3.7%-2.0%33.2K-101.8K-4.0K0.1373.61N/AN/A78101,614522
2008-12-31$28.33$30.0042.1%12.1%47.1%18.5%47.9%2.7%-1.4%37.4K-219.7K-4.3K0.0080.00N/AN/A7101,607532