RWO Options History — March 2014

In March 2014, RWO traded between $42.67 and $44.21. ATM implied volatility averaged 50.1%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 39.9% (HV 20d: 10.1%). Max pain ranged from $43.00 to $44.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 2.00.

Notable Days

2014-03-10: Highest Volume — 3 contracts
2014-03-13: Largest IV spike — 142.5% change
2014-03-11: Highest IV Rank — 56.1%
2014-03-06: Largest Expected Move — 19.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.34	$42.67	$44.21	$43.42	$43.68
Max Pain	$43.79	$43.00	$44.00	$43.00	$44.00
ATM IV	50.1%	13.0%	83.4%	40.5%	20.6%
Expected Move	13.1%	3.4%	19.4%	11.6%	5.9%
HV 20d	10.1%	8.6%	12.4%	9.9%	12.4%
HV 60d	11.1%	10.5%	11.6%	10.8%	11.2%
IV Rank	31.6%	4.4%	56.1%	24.6%	10.0%
IV Percentile	89.9%	32.5%	98.3%	90.3%	72.1%
Term Structure	-11.6%	-32.5%	21.1%	-4.6%	18.6%
VWIV	39.3%	39.3%	39.3%	39.3%	39.3%
Skew 25d	3.6%	-12.7%	20.1%	2.7%	11.4%
Skew 10d	5.0%	-0.8%	20.1%	8.9%	11.4%
Call IV 25d	55.5%	6.5%	75.5%	70.5%	70.1%
Put IV 25d	59.1%	12.5%	95.5%	73.2%	81.5%
Bid-Ask Spread %	179.15	82.90	200.00	117.38	200.00
Gamma HHI	0.51	0.33	1.00	0.52	0.49
Net GEX	-527	-1.3K	1.3K	-338	-1.3K
Net DEX	10.4K	-10.2K	18.4K	1.7K	15.8K
Net VEX	-102	-122	-7	-104	-99
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.00	2.00	2.00	2.00	2.00
Total Volume	0.143	0	3	0	0
Total OI	14.143	13	15	14	13

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2014-03-03	$43.42	$43.00	40.5%	11.6%	9.9%	24.6%	0.0%	2.7%	-4.6%	-338	1.7K	-104	0.00	117.38	N/A	N/A	0	0	3	11
2014-03-04	$44.21	$43.00	63.9%	18.3%	9.4%	41.8%	0.0%	2.5%	-24.2%	-72	2.2K	-116	0.00	140.46	N/A	N/A	0	0	3	11
2014-03-05	$44.09	$43.00	37.8%	10.8%	8.8%	22.6%	0.0%	1.8%	-25.9%	765	-10.2K	-7	0.00	167.70	N/A	N/A	0	0	3	11
2014-03-06	$44.11	$43.00	67.8%	19.4%	8.6%	44.6%	0.0%	20.1%	-27.5%	-601	3.4K	-116	0.00	189.33	N/A	N/A	0	0	3	11
2014-03-07	$43.75	$0.00	70.2%	12.0%	9.1%	46.4%	0.0%	2.5%	-9.8%	-232	-621	-93	0.00	182.14	N/A	N/A	0	0	3	11
2014-03-10	$43.47	$0.00	49.6%	8.1%	9.1%	31.3%	39.3%	1.5%	21.1%	73	5.4K	-120	2.00	149.37	N/A	N/A	1	2	3	11
2014-03-11	$43.49	$44.00	83.4%	12.8%	9.1%	56.1%	0.0%	15.1%	-10.4%	140	1.8K	-26	0.00	182.22	N/A	N/A	0	0	2	13
2014-03-12	$43.40	$44.00	13.0%	3.4%	8.7%	4.4%	0.0%	6.0%	20.7%	-288	13.8K	-117	0.00	82.90	N/A	N/A	0	0	2	13
2014-03-13	$43.12	$44.00	31.4%	9.0%	9.1%	17.9%	0.0%	-12.7%	-32.5%	-920	13.1K	-111	0.00	153.08	N/A	N/A	0	0	2	13
2014-03-14	$43.13	$44.00	46.6%	13.4%	9.1%	29.1%	0.0%	0.4%	-11.9%	-989	13.9K	-122	0.00	200.00	N/A	N/A	0	0	2	13
2014-03-17	$43.41	$44.00	48.6%	13.9%	9.3%	30.5%	0.0%	2.8%	-12.8%	-978	13.1K	-115	0.00	200.00	N/A	N/A	0	0	2	13
2014-03-18	$43.63	$44.00	48.5%	13.9%	9.2%	30.5%	0.0%	4.8%	-14.1%	-972	12.4K	-114	0.00	198.81	N/A	N/A	0	0	2	13
2014-03-19	$43.00	$44.00	50.3%	14.4%	10.6%	31.8%	0.0%	-0.8%	-14.4%	-991	14.3K	-117	0.00	200.00	N/A	N/A	0	0	2	13
2014-03-20	$42.67	$44.00	51.1%	14.7%	10.9%	32.4%	0.0%	-0.2%	-14.8%	527	15.5K	-116	0.00	198.84	N/A	N/A	0	0	2	13
2014-03-21	$42.78	$44.00	48.8%	14.0%	10.9%	30.7%	0.0%	0.7%	-12.1%	1.3K	15.1K	-110	0.00	200.00	N/A	N/A	0	0	2	13
2014-03-24	$42.68	$44.00	54.9%	15.7%	10.9%	35.2%	0.0%	-0.2%	-17.4%	-1.2K	18.4K	-111	0.00	200.00	N/A	N/A	0	0	0	13
2014-03-25	$43.04	$44.00	54.7%	15.7%	11.4%	35.0%	0.0%	3.4%	-17.5%	-1.3K	17.5K	-107	0.00	200.00	N/A	N/A	0	0	0	13
2014-03-26	$42.69	$44.00	57.2%	16.4%	11.7%	36.8%	0.0%	3.5%	-18.9%	-1.2K	18.0K	-106	0.00	200.00	N/A	N/A	0	0	0	13
2014-03-27	$43.01	$44.00	56.5%	16.2%	12.1%	36.3%	0.0%	3.4%	-18.0%	-1.2K	17.2K	-105	0.00	200.00	N/A	N/A	0	0	0	13
2014-03-28	$43.39	$44.00	55.6%	15.9%	12.4%	35.7%	0.0%	7.3%	-17.9%	-1.3K	16.2K	-100	0.00	200.00	N/A	N/A	0	0	0	13
2014-03-31	$43.68	$44.00	20.6%	5.9%	12.4%	10.0%	0.0%	11.4%	18.6%	-1.3K	15.8K	-99	0.00	200.00	N/A	N/A	0	0	0	13