MAPP Options History — September 2011

In September 2011, MAPP traded between $12.77 and $15.67. ATM implied volatility averaged 57.0%, placing in the 43.7% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded below realized volatility by 8.5% (HV 20d: 65.5%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.27.

Notable Days

  • 2011-09-12: Highest Volume — 1,000 contracts
  • 2011-09-02: Largest IV spike — 33.1% change
  • 2011-09-06: Highest IV Rank — 58.0%
  • 2011-09-07: Largest Expected Move — 17.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.38$12.77$15.67$13.54$14.62
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV57.0%44.9%66.9%44.9%51.9%
Expected Move16.1%12.9%17.9%12.9%14.9%
HV 20d65.5%49.9%86.2%83.7%53.4%
HV 60d56.2%52.9%60.0%52.9%60.0%
IV Rank43.7%26.3%58.0%26.3%36.4%
IV Percentile82.0%42.5%96.8%42.5%71.4%
Term Structure1.6%-2.1%15.4%15.4%3.1%
VWIV57.8%56.4%59.9%59.9%57.0%
Skew 25d8.3%-2.0%17.6%4.4%2.0%
Skew 10d15.1%4.7%48.7%15.7%16.9%
Call IV 25d48.7%40.6%57.4%44.1%49.2%
Put IV 25d57.0%47.4%67.6%48.5%51.2%
Bid-Ask Spread %102.6397.62110.79106.52110.79
Gamma HHI0.520.320.680.340.63
Net GEX21.6K-2.2K40.7K2.2K33.2K
Net DEX-951.7K-1.6M-101.9K-314.3K-1.2M
Net VEX-5.1K-6.3K-2.9K-3.4K-5.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.000.880.000.00
Total Volume55.04801,00010
Total OI1,891.5241,4152,4061,4552,009

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-09-01$13.54$15.0044.9%12.9%83.7%26.3%0.0%4.4%15.4%2.2K-314.3K-3.4K0.00106.52N/AN/A101,049406
2011-09-02$12.77$15.0059.8%17.1%86.2%47.7%59.9%8.5%-2.1%-1.2K-160.2K-3.2K0.00101.87N/AN/A0101,050406
2011-09-06$12.80$15.0066.9%17.8%75.4%58.0%0.0%10.5%1.2%-2.2K-101.9K-2.9K0.0099.73N/AN/A001,050396
2011-09-07$13.46$15.0065.1%17.9%77.1%55.3%0.0%5.3%-0.2%-1.3K-245.1K-3.1K0.0097.62N/AN/A001,050396
2011-09-08$13.50$15.0065.0%16.9%67.8%55.2%0.0%0.9%2.8%3.0K-233.2K-3.2K0.2999.18N/AN/A2471,050396
2011-09-09$13.61$15.0057.9%17.8%67.3%44.9%0.0%6.7%2.7%1.7K-274.6K-3.0K0.0099.15N/AN/A1001,026389
2011-09-12$13.93$15.0060.4%16.2%65.1%48.5%0.0%13.5%0.0%4.4K-317.9K-3.2K0.0098.16N/AN/A1,00001,026389
2011-09-13$14.19$15.0057.5%16.4%64.0%44.4%0.0%16.4%-0.6%25.7K-1.1M-6.1K0.00100.13N/AN/A002,017389
2011-09-14$14.18$15.0063.5%16.2%63.3%53.0%0.0%15.3%-0.4%26.1K-1.1M-6.1K0.00100.64N/AN/A002,017389
2011-09-15$14.30$15.0054.9%15.8%62.8%40.7%0.0%15.4%0.1%28.2K-1.1M-6.1K0.00101.29N/AN/A002,017389
2011-09-16$15.21$15.0054.8%15.7%62.3%40.4%56.4%12.6%-1.5%40.7K-1.4M-6.3K0.88100.47N/AN/A25222,017389
2011-09-19$15.14$15.0056.3%16.1%62.2%42.7%57.0%-2.0%0.0%31.6K-1.4M-6.3K0.71101.78N/AN/A24171,830140
2011-09-20$15.08$15.0053.2%15.3%62.3%38.2%0.0%7.9%0.4%31.8K-1.4M-6.3K0.00103.40N/AN/A001,836157
2011-09-21$15.11$15.0053.2%15.3%62.3%38.3%0.0%7.0%1.1%32.1K-1.4M-6.3K0.00103.82N/AN/A1601,836157
2011-09-22$14.62$15.0057.3%16.4%64.1%44.2%0.0%17.6%0.2%31.3K-1.2M-6.1K0.00103.15N/AN/A001,852157
2011-09-23$15.67$15.0057.6%16.5%67.0%44.5%0.0%14.2%1.1%34.7K-1.6M-6.3K0.00106.40N/AN/A001,852157
2011-09-26$15.32$15.0056.8%16.3%68.1%43.4%0.0%9.8%0.7%33.0K-1.5M-6.2K0.00105.82N/AN/A001,852157
2011-09-27$15.62$15.0053.5%15.4%49.9%38.7%0.0%9.9%4.0%33.6K-1.6M-6.2K0.00104.62N/AN/A001,852157
2011-09-28$14.64$15.0054.6%15.7%55.6%40.3%0.0%0.6%-0.1%32.4K-1.3M-5.9K0.00104.52N/AN/A001,852157
2011-09-29$14.61$15.0051.8%14.9%55.0%36.2%0.0%-1.8%4.4%33.3K-1.2M-5.8K0.00106.17N/AN/A001,852157
2011-09-30$14.62$15.0051.9%14.9%53.4%36.4%0.0%2.0%3.1%33.2K-1.2M-5.8K0.00110.79N/AN/A001,852157