MAPP Options History — February 2010

In February 2010, MAPP traded between $13.70 and $16.64. ATM implied volatility averaged 56.8%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded below realized volatility by 16.6% (HV 20d: 73.4%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 3.09.

Notable Days

  • 2010-02-19: Highest Volume — 133 contracts
  • 2010-02-04: Largest IV spike — 10.5% change
  • 2010-02-23: Highest IV Rank — 15.6%
  • 2010-02-23: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.74$13.70$16.64$15.03$13.72
Max Pain$13.03$12.50$15.00$15.00$12.50
ATM IV56.8%51.1%59.6%59.5%56.8%
Expected Move16.6%14.6%17.1%17.0%16.3%
HV 20d73.4%44.0%122.3%119.4%44.9%
HV 60d78.1%76.8%78.7%76.8%78.3%
IV Rank10.4%0.0%15.6%14.3%10.5%
IV Percentile9.9%0.0%18.8%11.4%10.3%
Term Structure3.1%-2.8%6.9%-0.5%6.9%
VWIV58.6%52.8%62.8%59.5%60.0%
Skew 25d7.7%2.2%20.8%2.6%2.2%
Skew 10d9.7%-0.4%23.3%12.5%11.6%
Call IV 25d52.7%42.6%58.8%46.0%58.8%
Put IV 25d60.3%48.6%64.6%48.6%61.0%
Bid-Ask Spread %79.7863.1693.7091.6384.30
Gamma HHI0.710.280.940.850.32
Net GEX-40.0K-87.6K2.0K-39.0K793
Net DEX184.8K-331.2K1.2M196.0K-252.8K
Net VEX-1.9K-3.0K-1.2K-3.0K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.090.0043.330.020.00
Total Volume34.4210133515
Total OI1,9628132,3992,397889

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-02-01$15.03$15.0059.5%17.0%119.4%14.3%59.5%2.6%-0.5%-39.0K196.0K-3.0K0.0091.63N/AN/A056171,780
2010-02-02$16.19$15.0053.6%15.4%119.4%3.6%52.8%2.4%6.0%-38.7K-331.2K-2.4K0.0263.16N/AN/A10826171,782
2010-02-03$16.64$15.0051.1%14.6%118.5%0.0%55.7%4.1%4.6%-26.5K-322.5K-2.4K1.6388.89N/AN/A8135771,781
2010-02-04$15.55$15.0056.4%16.2%121.4%9.8%56.4%10.9%1.6%-50.0K-25.7K-2.6K0.4393.70N/AN/A47205831,784
2010-02-05$15.23$12.5054.8%16.6%122.3%6.7%57.7%7.9%5.2%-52.4K172.5K-2.5K0.2968.79N/AN/A1755491,794
2010-02-08$15.03$12.5056.4%17.0%121.7%9.6%0.0%3.1%3.8%-55.7K268.0K-2.4K0.0068.37N/AN/A0115381,796
2010-02-09$14.98$12.5051.6%17.1%72.2%0.9%59.3%2.6%4.2%-63.6K258.1K-2.3K0.0073.04N/AN/A2005381,792
2010-02-10$14.92$12.5054.0%16.9%69.2%5.4%0.0%4.9%4.3%-61.4K343.4K-2.3K0.2573.16N/AN/A415481,792
2010-02-11$15.21$12.5058.6%16.8%69.1%13.7%0.0%8.4%3.4%-70.2K127.1K-2.2K0.3870.96N/AN/A1355521,792
2010-02-12$14.79$12.5059.3%17.0%59.8%15.0%0.0%8.0%3.6%-66.3K418.5K-2.1K1.2072.89N/AN/A10125651,792
2010-02-16$14.58$12.5059.1%16.9%47.3%14.6%0.0%20.8%4.7%-75.7K595.0K-1.8K0.7083.78N/AN/A1075651,780
2010-02-17$14.44$12.5057.7%16.5%45.6%12.0%0.0%16.8%5.3%-87.6K938.5K-1.5K0.0082.56N/AN/A105651,779
2010-02-18$14.36$12.5058.4%16.7%44.0%13.3%61.9%13.8%4.5%-76.2K938.1K-1.4K0.3784.40N/AN/A57215641,779
2010-02-19$13.90$12.5057.2%16.4%44.1%11.2%60.2%8.7%6.3%2.0K1.2M-1.2K43.3384.84N/AN/A31305621,799
2010-02-22$13.70$12.5058.8%16.8%44.0%14.0%58.8%3.4%2.8%-611-226.9K-1.3K0.0082.96N/AN/A470383430
2010-02-23$13.82$12.5059.6%17.1%44.1%15.6%62.8%5.9%-2.8%-128-237.5K-1.3K0.8482.53N/AN/A3227409430
2010-02-24$13.83$12.5058.6%16.8%44.1%13.6%0.0%7.0%-2.8%640-252.9K-1.4K0.0082.98N/AN/A30440446
2010-02-25$14.12$12.5058.2%16.7%44.0%13.0%0.0%12.3%-1.6%930-263.5K-1.4K0.0082.91N/AN/A00443446
2010-02-26$13.72$12.5056.8%16.3%44.9%10.5%60.0%2.2%6.9%793-252.8K-1.3K0.0084.30N/AN/A150443446