MAPP Options History — July 2009

In July 2009, MAPP traded between $9.75 and $12.02. ATM implied volatility averaged 76.8%. The 30-day expected move averaged 23.2%. IV traded above realized volatility by 14.6% (HV 20d: 62.2%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.94.

Notable Days

  • 2009-07-29: Highest Volume — 617 contracts
  • 2009-07-16: Largest IV spike — 48.6% change
  • 2009-07-09: Largest Expected Move — 28.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.57$9.75$12.02$12.02$10.19
Max Pain$10.36$10.00$12.50$10.00$10.00
ATM IV76.8%52.9%100.8%81.7%75.3%
Expected Move23.2%20.9%28.3%23.4%21.6%
HV 20d62.2%54.5%74.2%72.6%55.7%
Term Structure3.9%-3.1%16.1%3.4%16.1%
VWIV80.3%72.6%98.6%85.9%75.0%
Bid-Ask Spread %60.5028.5176.7564.0862.41
Gamma HHI0.390.310.570.470.51
Net GEX2.1K-4.0K7.5K4.3K7.4K
Net DEX-129.3K-436.5K-17.6K-242.5K-390.3K
Net VEX-907-1.7K-650-847-1.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.0010.600.000.30
Total Volume54.455061701
Total OI604.4554661,1244661,124

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$12.02$10.0081.7%23.4%72.6%0.0%0.0%0.0%3.4%4.3K-242.5K-8470.0064.08N/AN/A0039076
2009-07-02$11.86$10.0075.1%21.5%70.9%0.0%0.0%0.0%8.6%4.4K-231.7K-8210.0065.38N/AN/A0039076
2009-07-06$11.19$0.0085.0%25.3%73.8%0.0%85.9%0.0%3.4%4.4K-182.9K-7110.0028.51N/AN/A12039076
2009-07-07$10.97$12.5081.4%25.3%74.2%0.0%0.0%0.0%3.1%3.9K-176.3K-6950.0032.42N/AN/A0040076
2009-07-08$11.06$12.5082.1%25.0%74.1%0.0%0.0%0.0%4.4%3.9K-181.7K-6870.0032.40N/AN/A0040076
2009-07-09$10.97$12.50100.8%28.3%74.0%0.0%98.6%0.0%-3.1%3.8K-173.1K-6830.0030.47N/AN/A011540076
2009-07-10$10.20$10.0071.6%23.3%66.5%0.0%0.0%0.0%-0.7%1.0K-79.5K-65010.6052.18N/AN/A20212400146
2009-07-13$10.90$10.0054.7%23.1%69.2%0.0%0.0%0.0%2.4%481-107.8K-9230.0060.39N/AN/A370400293
2009-07-14$10.43$10.0062.4%22.7%59.9%0.0%0.0%0.0%2.6%1.2K-113.9K-9200.0061.54N/AN/A010437293
2009-07-15$10.41$10.0052.9%23.0%58.0%0.0%0.0%0.0%1.5%-1.2K-89.8K-9411.0062.26N/AN/A2525437287
2009-07-16$10.08$10.0078.6%22.5%58.6%0.0%0.0%0.0%3.6%-1.8K-27.4K-9070.0065.14N/AN/A00434275
2009-07-17$10.13$10.0078.3%22.4%58.5%0.0%0.0%0.0%2.2%-4.0K-55.2K-9060.0063.89N/AN/A50434275
2009-07-20$10.16$10.0078.6%22.5%57.0%0.0%0.0%0.0%3.1%1.1K-35.4K-8510.0064.41N/AN/A50307187
2009-07-21$10.01$10.0080.6%23.1%56.0%0.0%0.0%0.0%3.5%1.0K-23.5K-8150.0075.44N/AN/A00307187
2009-07-22$9.91$10.0080.0%22.9%55.8%0.0%0.0%0.0%0.8%1.0K-21.8K-8150.0075.36N/AN/A100307187
2009-07-23$10.01$10.0078.8%22.6%56.0%0.0%0.0%0.0%1.5%1.1K-25.2K-8190.0074.17N/AN/A60313187
2009-07-24$9.75$10.0072.9%20.9%56.3%0.0%72.6%0.0%8.4%987-17.6K-7770.1760.93N/AN/A407319187
2009-07-27$10.39$10.0079.4%22.8%57.2%0.0%74.3%0.0%0.6%1.4K-58.8K-8860.0076.75N/AN/A30337194
2009-07-28$10.55$10.0080.4%23.1%55.0%0.0%0.0%0.0%-0.9%1.6K-65.1K-8860.0074.28N/AN/A350340194
2009-07-29$10.83$10.0080.8%23.2%54.5%0.0%80.2%0.0%10.7%2.1K-108.9K-9870.1471.93N/AN/A54077375194
2009-07-30$10.53$10.0079.0%22.7%55.0%0.0%75.5%0.0%10.9%7.5K-436.5K-1.7K0.3076.62N/AN/A103897218
2009-07-31$10.19$10.0075.3%21.6%55.7%0.0%75.0%0.0%16.1%7.4K-390.3K-1.7K0.0062.41N/AN/A01903221