M Options History — October 2009

In October 2009, M traded between $17.40 and $20.72. ATM implied volatility averaged 53.9%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 8.5% (HV 20d: 45.4%). Max pain ranged from $15.00 to $18.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 1.19.

Notable Days

  • 2009-10-22: Highest Volume — 43,712 contracts
  • 2009-10-08: Largest IV drop — 10.6% change
  • 2009-10-30: Highest IV Rank — 8.8%
  • 2009-10-30: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.94$17.40$20.72$17.43$17.57
Max Pain$16.23$15.00$18.00$18.00$17.50
ATM IV53.9%49.9%58.9%56.0%58.9%
Expected Move15.6%14.6%16.9%16.0%16.9%
HV 20d45.4%40.5%51.5%40.5%51.5%
HV 60d47.5%45.7%48.8%48.1%48.4%
IV Rank4.7%1.9%8.8%5.6%8.8%
IV Percentile12.0%2.4%27.8%14.3%27.8%
Term Structure-1.1%-3.1%1.3%0.9%-3.1%
VWIV55.1%51.1%61.1%55.4%61.1%
Skew 25d5.7%2.3%7.7%2.7%5.3%
Skew 10d11.3%3.9%16.7%13.9%8.6%
Call IV 25d52.1%48.3%57.2%54.4%57.2%
Put IV 25d57.8%53.4%62.4%57.1%62.4%
Bid-Ask Spread %11.328.3116.5111.5612.58
Gamma HHI0.140.110.160.120.12
Net GEX1.6M1.1M2.0M1.1M1.6M
Net DEX-129.6M-208.7M-66.7M-87.0M-68.1M
Net VEX-476.3K-533.2K-420.7K-491.0K-526.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.313.202.223.20
Total Volume10,400.2272,54543,71211,8736,770
Total OI262,292.909233,406293,306243,424293,306

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-10-01$17.43$18.0056.0%16.0%40.5%5.6%55.4%2.7%0.9%1.1M-87.0M-491.0K2.2211.56N/AN/A3,6888,185131,459111,965
2009-10-02$17.40$18.0056.3%16.1%40.6%5.8%55.6%5.1%1.3%1.1M-83.5M-498.6K0.9014.93N/AN/A1,7631,590133,072115,522
2009-10-05$18.30$15.0057.3%16.4%43.3%6.4%58.5%6.7%-2.5%1.3M-113.8M-487.8K0.4511.57N/AN/A4,7222,137133,905115,926
2009-10-06$18.53$15.0054.0%16.4%43.2%4.3%58.5%6.6%-2.8%1.5M-124.7M-486.5K0.698.40N/AN/A4,6283,207135,980116,838
2009-10-07$18.59$15.0055.8%16.3%42.2%5.5%57.6%7.7%-1.8%1.6M-126.7M-489.4K0.498.55N/AN/A5,1372,518138,315117,904
2009-10-08$19.53$15.0049.9%15.5%44.7%1.9%55.6%7.1%-0.9%2.0M-165.5M-464.5K0.3211.27N/AN/A12,9774,147141,584117,524
2009-10-09$19.15$15.0050.7%15.6%45.4%2.4%54.8%7.2%-0.5%2.0M-151.9M-467.1K1.678.95N/AN/A3,3905,646142,732118,801
2009-10-12$19.62$15.0054.3%15.7%43.6%4.5%56.9%7.4%-1.6%1.8M-166.6M-452.6K0.8110.82N/AN/A1,4081,137142,810122,779
2009-10-13$19.74$15.0055.8%15.7%41.3%5.4%54.4%7.3%-1.7%1.9M-174.0M-438.3K0.979.38N/AN/A5,9735,798143,768123,005
2009-10-14$20.72$15.0052.5%15.4%43.7%3.5%53.2%6.8%-1.3%1.6M-208.7M-420.7K0.3110.57N/AN/A6,2451,922145,176127,103
2009-10-15$20.14$16.0054.4%15.6%45.6%4.6%54.2%6.4%-1.5%1.7M-192.1M-426.8K1.269.86N/AN/A7,4069,330147,335128,058
2009-10-16$19.82$16.0052.0%14.9%45.9%3.8%53.8%5.2%-0.0%1.7M-176.6M-435.7K0.7212.52N/AN/A7,6085,446147,440129,809
2009-10-19$20.30$16.0051.5%14.8%45.9%3.4%52.6%6.4%-0.1%1.8M-159.0M-439.2K0.6316.51N/AN/A3,6982,326127,569105,837
2009-10-20$19.78$16.0051.0%14.6%43.7%3.0%51.5%5.1%-0.4%1.8M-146.8M-438.6K1.198.31N/AN/A1,2531,489128,812107,099
2009-10-21$18.88$16.0051.0%14.6%46.6%3.1%51.1%5.8%-0.5%1.7M-121.3M-448.9K0.8911.03N/AN/A2,3202,069129,072107,930
2009-10-22$19.46$16.0053.3%15.3%46.7%4.8%51.5%5.3%-1.8%1.7M-133.5M-452.1K1.0816.33N/AN/A21,02622,686128,572109,008
2009-10-23$18.87$17.5051.6%14.8%48.0%3.5%51.8%5.1%-0.9%1.7M-110.9M-530.8K2.6714.32N/AN/A2,4366,494147,954128,363
2009-10-26$18.52$17.5053.0%15.2%48.6%4.5%54.0%4.2%-1.9%1.5M-94.8M-533.2K1.5810.99N/AN/A1,5282,408148,649132,669
2009-10-27$18.27$17.5053.3%15.3%48.5%4.7%53.4%2.3%-0.3%1.5M-87.1M-517.6K1.038.60N/AN/A3,4233,529148,921132,706
2009-10-28$17.67$17.5056.9%16.3%49.9%7.3%59.6%4.5%-1.9%1.3M-66.7M-514.8K2.4413.14N/AN/A3,4258,355150,405133,032
2009-10-29$18.37$17.5056.0%16.0%48.7%6.6%57.5%4.5%-1.7%1.7M-92.8M-516.8K0.738.90N/AN/A10,1737,389152,262129,468
2009-10-30$17.57$17.5058.9%16.9%51.5%8.8%61.1%5.3%-3.1%1.6M-68.1M-526.7K3.2012.58N/AN/A1,6135,157158,817134,489