MAPP Options History — February 2011

In February 2011, MAPP traded between $15.44 and $16.73. ATM implied volatility averaged 47.9%, placing in the 15.0% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded above realized volatility by 12.5% (HV 20d: 35.4%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.09.

Notable Days

  • 2011-02-24: Highest Volume — 104 contracts
  • 2011-02-07: Largest IV spike — 61.4% change
  • 2011-02-17: Highest IV Rank — 20.8%
  • 2011-02-17: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.05$15.44$16.73$15.52$16.13
Max Pain$16.84$15.00$17.50$15.00$15.00
ATM IV47.9%28.8%56.1%47.3%52.8%
Expected Move14.0%11.1%16.1%13.6%15.1%
HV 20d35.4%23.1%38.3%25.1%33.9%
HV 60d41.9%39.1%45.8%42.5%39.1%
IV Rank15.0%1.5%20.8%14.6%18.5%
IV Percentile33.2%1.2%63.9%28.6%46.0%
Term Structure1.4%-6.4%17.9%1.1%-3.8%
VWIV50.6%47.4%53.8%49.0%47.4%
Skew 25d9.0%-0.8%17.6%8.6%12.1%
Skew 10d13.9%2.0%35.4%13.4%35.4%
Call IV 25d41.6%33.4%46.9%40.1%40.4%
Put IV 25d50.6%38.6%57.4%48.7%52.5%
Bid-Ask Spread %98.6188.07109.37100.53106.60
Gamma HHI0.390.300.590.460.37
Net GEX5.7K51113.1K7.7K6.1K
Net DEX-210.0K-282.0K-74.6K-130.4K-235.3K
Net VEX-976-1.1K-835-1.1K-892
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.000.450.450.00
Total Volume9.211010400
Total OI763.053648810773747

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-02-01$15.52$15.0047.3%13.6%25.1%14.6%0.0%8.6%1.1%7.7K-130.4K-1.1K0.00100.53N/AN/A00383390
2011-02-02$15.44$15.0048.1%13.8%23.1%15.2%0.0%10.0%1.2%7.8K-138.5K-1.1K0.00101.89N/AN/A00383390
2011-02-03$16.73$15.0038.7%11.1%37.3%8.5%0.0%-0.8%3.4%6.2K-258.2K-1.1K0.45105.79N/AN/A115383390
2011-02-04$16.33$17.5028.8%12.4%38.3%1.5%0.0%5.0%3.3%6.7K-244.7K-1.1K0.0099.93N/AN/A00388395
2011-02-07$16.10$17.5046.5%13.6%38.3%14.0%0.0%9.4%9.3%7.7K-222.1K-1.1K0.00100.81N/AN/A00388395
2011-02-08$16.11$17.5043.2%11.9%38.0%11.7%0.0%17.6%17.9%7.3K-205.1K-9780.00109.37N/AN/A150388395
2011-02-09$16.01$17.5044.8%15.1%38.1%12.8%0.0%6.7%-1.2%13.1K-249.6K-1.0K0.0095.52N/AN/A00403395
2011-02-10$16.11$17.5055.8%16.0%38.0%20.6%0.0%2.8%-1.5%7.5K-241.9K-9980.0088.07N/AN/A00403395
2011-02-11$16.26$17.5044.7%12.8%38.2%12.8%0.0%8.2%3.7%6.8K-258.7K-1.0K0.0094.14N/AN/A00403395
2011-02-14$16.33$17.5045.6%13.1%38.3%13.4%0.0%8.0%1.8%6.1K-270.3K-9840.0091.71N/AN/A00403395
2011-02-15$16.26$17.5041.9%12.0%37.7%10.8%49.0%9.1%5.4%5.1K-263.1K-9240.0093.29N/AN/A012403395
2011-02-16$16.19$17.5052.7%15.1%36.3%18.4%52.3%7.5%-0.2%4.7K-263.3K-9260.0090.54N/AN/A016403391
2011-02-17$16.19$17.5056.1%16.1%35.6%20.8%0.0%10.5%1.0%3.3K-262.3K-9140.0093.22N/AN/A100403407
2011-02-18$16.00$17.5051.1%14.7%35.9%17.3%0.0%6.7%2.7%4.0K-282.0K-9540.0098.05N/AN/A00413387
2011-02-22$15.92$17.5054.7%15.7%35.0%19.8%0.0%15.5%-6.4%690-99.7K-8700.00101.55N/AN/A00271377
2011-02-23$15.65$17.5053.1%15.2%35.3%18.7%0.0%14.3%-5.8%511-78.7K-8560.0099.13N/AN/A00271377
2011-02-24$15.62$17.5053.9%15.5%34.3%19.3%53.8%13.4%-5.0%513-74.6K-8350.00100.35N/AN/A1040271377
2011-02-25$16.02$15.0049.4%14.2%35.1%16.1%47.4%5.9%-1.2%5.9K-211.3K-9080.00103.05N/AN/A20368377
2011-02-28$16.13$15.0052.8%15.1%33.9%18.5%0.0%12.1%-3.8%6.1K-235.3K-8920.00106.60N/AN/A00370377