PL Options History — December 2007

In December 2007, PL traded between $40.10 and $42.44. ATM implied volatility averaged 32.3%, placing in the 44.3% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 5.2% (HV 20d: 27.1%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-12-06: Highest Volume — 60 contracts
  • 2007-12-10: Largest IV spike — 8.5% change
  • 2007-12-03: Highest IV Rank — 48.4%
  • 2007-12-03: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.33$40.10$42.44$41.66$41.02
Max Pain$47.50$45.00$55.00$45.00$45.00
ATM IV32.3%29.4%34.2%34.2%30.9%
Expected Move9.2%8.4%9.8%9.8%8.8%
HV 20d27.1%21.8%35.9%35.9%21.8%
HV 60d27.0%26.4%27.7%27.2%27.2%
IV Rank44.3%38.3%48.4%48.4%41.4%
IV Percentile76.1%57.5%85.3%85.3%66.8%
Term Structure-2.1%-3.9%0.6%-1.5%0.3%
VWIV19.3%19.3%19.3%19.3%19.3%
Skew 25d1.3%-3.8%6.4%4.5%6.4%
Skew 10d1.6%-8.3%15.8%15.7%7.0%
Call IV 25d30.0%23.3%31.8%30.0%23.3%
Put IV 25d31.3%26.8%35.9%34.4%29.7%
Bid-Ask Spread %67.4235.4083.1239.3277.66
Gamma HHI0.360.310.480.330.34
Net GEX15.1K-2.5K37.1K24.4K2.2K
Net DEX924.7K-252.9K2.1M1.8M155.5K
Net VEX-5.9K-7.4K-4.4K-7.4K-4.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume6060210
Total OI1,571.21,2531,8881,8881,256

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-12-03$41.66$45.0034.2%9.8%35.9%48.4%0.0%4.5%-1.5%24.4K1.8M-7.4K0.0039.32N/AN/A028471,041
2007-12-04$41.12$45.0032.9%9.4%35.8%45.6%0.0%1.3%-0.9%19.8K1.9M-7.1K0.0036.58N/AN/A008471,040
2007-12-05$41.28$45.0033.4%9.6%35.8%46.6%0.0%1.4%-1.2%19.9K1.9M-7.2K0.0035.40N/AN/A008471,040
2007-12-06$42.28$45.0032.1%9.2%28.0%44.0%0.0%1.4%0.6%31.5K1.7M-7.4K0.0038.66N/AN/A6008471,040
2007-12-07$42.22$55.0031.2%9.0%26.9%42.0%0.0%-0.4%-3.1%25.4K1.7M-7.0K0.0065.43N/AN/A007971,040
2007-12-10$42.37$55.0033.8%9.2%26.2%47.5%0.0%0.2%-3.6%30.7K1.8M-6.8K0.0071.38N/AN/A008271,040
2007-12-11$41.28$55.0034.1%9.1%26.7%48.1%0.0%-3.4%-2.8%16.8K2.1M-6.3K0.0074.35N/AN/A008271,040
2007-12-12$41.15$55.0033.4%9.2%26.7%46.6%0.0%2.6%-3.5%14.9K2.0M-6.3K0.0068.00N/AN/A1008271,040
2007-12-13$41.21$55.0031.9%9.1%26.4%43.5%0.0%5.3%-3.0%15.1K2.1M-6.2K0.0058.12N/AN/A0108271,040
2007-12-14$40.19$45.0029.4%8.4%27.2%38.3%0.0%1.4%-2.1%454287.9K-5.6K0.0079.29N/AN/A00827555
2007-12-17$40.10$45.0031.8%9.1%26.7%43.4%0.0%3.5%-3.3%-2.0K331.2K-5.4K0.0076.62N/AN/A10827555
2007-12-18$40.67$45.0032.1%9.2%26.3%43.9%0.0%5.0%-3.5%3.8K217.3K-5.5K0.0073.53N/AN/A100828555
2007-12-19$40.62$45.0031.6%9.1%26.3%42.9%0.0%-3.0%-2.9%-2.5K277.0K-5.3K0.0079.76N/AN/A010828555
2007-12-20$40.82$45.0032.1%9.2%24.7%43.9%0.0%-3.8%-3.4%-2.3K270.0K-5.2K0.0079.31N/AN/A00828555
2007-12-21$41.80$45.0032.3%9.2%26.1%44.3%0.0%-0.2%-3.9%22.5K-3.4K-5.6K0.0076.59N/AN/A00828555
2007-12-24$42.44$45.0033.2%9.5%25.2%46.1%0.0%2.5%-2.1%37.1K-252.9K-5.6K0.0076.58N/AN/A00780473
2007-12-26$41.94$45.0032.4%9.3%24.5%44.5%0.0%1.4%-0.7%27.7K-93.7K-5.2K0.0078.74N/AN/A70780473
2007-12-27$41.27$45.0032.0%9.2%22.5%43.8%0.0%-0.2%-0.8%12.2K71.4K-4.8K0.0079.95N/AN/A00783473
2007-12-28$41.06$45.0031.0%8.9%22.5%41.6%0.0%-0.7%0.1%4.1K148.7K-4.6K0.0083.12N/AN/A00783473
2007-12-31$41.02$45.0030.9%8.8%21.8%41.4%19.3%6.4%0.3%2.2K155.5K-4.4K0.0077.66N/AN/A100783473