S Options History — October 2007

In October 2007, S traded between $17.04 and $19.28. ATM implied volatility averaged 35.3%, placing in the 37.2% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 12.2% (HV 20d: 23.2%). Max pain ranged from $18.00 to $20.00. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 1.83.

Notable Days

  • 2007-10-09: Highest Volume — 41,460 contracts
  • 2007-10-11: Largest IV spike — 23.0% change
  • 2007-10-31: Highest IV Rank — 49.6%
  • 2007-10-31: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.95$17.04$19.28$19.05$17.10
Max Pain$19.65$18.00$20.00$18.00$20.00
ATM IV35.3%29.3%40.0%35.3%40.0%
Expected Move10.4%8.7%11.5%10.1%11.5%
HV 20d23.2%18.5%27.2%27.2%18.6%
HV 60d28.1%26.2%29.2%28.9%26.2%
IV Rank37.2%21.0%49.6%37.1%49.6%
IV Percentile78.0%45.4%92.3%80.2%92.3%
Term Structure-1.5%-5.4%6.9%0.2%-4.6%
VWIV36.5%30.4%40.8%35.5%40.8%
Skew 25d2.7%-0.0%7.9%3.0%4.5%
Skew 10d5.6%-2.1%18.6%12.2%8.6%
Call IV 25d35.8%31.1%39.8%33.7%38.6%
Put IV 25d38.5%33.8%43.2%36.6%43.2%
Bid-Ask Spread %13.6310.0223.4210.0223.42
Gamma HHI0.150.130.170.140.16
Net GEX-2.6M-4.3M1.1M-176.3K-4.2M
Net DEX163.9M-7.9M258.6M26.8M258.6M
Net VEX-2.6M-3.0M-2.1M-2.9M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.830.214.213.181.34
Total Volume13,188.1741,81241,46018,83211,539
Total OI851,246.304808,139886,560861,260811,958

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-10-01$19.05$18.0035.3%10.1%27.2%37.1%35.5%3.0%0.2%-176.3K26.8M-2.9M3.1810.02N/AN/A4,50014,332433,696427,564
2007-10-02$19.00$18.0034.9%10.0%27.0%36.0%35.4%0.8%2.2%-181.4K34.1M-2.9M1.0710.50N/AN/A13,72714,650434,964422,143
2007-10-03$18.76$18.0030.3%8.7%25.1%23.5%30.4%1.2%6.9%99.5K55.2M-2.9M2.9916.71N/AN/A6,55319,588439,672416,677
2007-10-04$19.28$18.0035.8%10.3%26.8%38.3%34.4%7.9%2.0%1.0M-7.9M-3.0M0.4910.96N/AN/A16,0187,906443,339418,215
2007-10-05$19.01$20.0031.7%11.0%23.9%27.4%38.7%2.5%-5.4%1.1M24.3M-3.0M2.2815.74N/AN/A3,5007,963447,962416,260
2007-10-08$18.50$20.0036.1%11.3%25.9%39.2%38.8%3.4%-4.8%-923.8K100.7M-2.8M0.5910.10N/AN/A3,0881,811445,478421,647
2007-10-09$18.28$20.0031.5%10.5%26.3%27.0%36.8%3.1%-1.5%-1.7M137.3M-2.7M0.8911.36N/AN/A21,98119,479445,580421,861
2007-10-10$18.02$20.0029.3%10.5%26.6%21.0%36.6%0.9%-2.7%-2.5M162.1M-2.6M1.3411.85N/AN/A4,4375,934454,461428,009
2007-10-11$17.99$20.0036.1%10.3%26.6%39.1%36.6%1.3%-2.1%-2.5M166.8M-2.6M2.5811.25N/AN/A5061,306454,365428,280
2007-10-12$18.04$20.0035.3%10.1%25.7%37.2%35.4%1.5%-2.3%-2.5M163.9M-2.6M0.4110.20N/AN/A6,7502,776454,766427,939
2007-10-15$17.79$20.0035.9%10.3%25.7%38.8%36.2%1.3%-1.5%-3.1M189.8M-2.6M2.2612.21N/AN/A2,4415,512458,527428,033
2007-10-16$17.71$20.0037.6%10.8%25.2%43.3%37.7%2.1%-4.0%-3.4M201.6M-2.5M0.6816.47N/AN/A4,4423,028456,126425,874
2007-10-17$17.72$20.0035.8%10.3%24.9%38.4%36.7%3.0%-1.8%-3.6M205.8M-2.5M3.1914.43N/AN/A1,2664,035455,310426,021
2007-10-18$17.62$20.0036.2%10.4%24.9%39.5%36.8%2.4%-2.4%-3.4M214.5M-2.5M4.1513.91N/AN/A2,0288,411455,535425,055
2007-10-19$17.48$20.0038.8%11.1%20.5%46.4%39.3%2.0%-3.3%-4.1M217.7M-2.4M0.9010.11N/AN/A6,2235,612456,182423,979
2007-10-22$17.63$20.0034.8%10.0%19.8%35.8%35.5%3.7%-0.6%-4.3M219.1M-2.4M3.2915.51N/AN/A2,5858,512409,931400,402
2007-10-23$17.65$20.0032.9%9.4%19.5%30.5%34.3%5.4%0.6%-4.0M208.7M-2.4M0.7012.49N/AN/A2,5391,765411,537396,602
2007-10-24$17.49$20.0037.1%10.6%18.6%41.8%35.2%3.7%-2.8%-4.0M218.3M-2.3M2.4016.95N/AN/A1,1392,735412,208396,479
2007-10-25$17.23$20.0038.0%10.9%18.8%44.4%38.6%1.7%-1.7%-4.2M238.6M-2.3M1.5713.13N/AN/A1,8412,894412,793397,684
2007-10-26$17.38$20.0036.7%10.5%18.5%40.8%36.1%3.5%-2.7%-4.3M236.7M-2.3M1.4112.21N/AN/A5,9858,417412,143398,642
2007-10-29$17.18$20.0036.4%10.4%18.5%40.0%36.1%3.3%-2.4%-4.2M239.6M-2.2M0.2119.26N/AN/A4,276910415,786397,861
2007-10-30$17.04$20.0036.3%10.4%18.5%39.8%36.5%-0.0%0.3%-4.3M256.6M-2.2M4.2114.76N/AN/A5,44422,944415,844395,275
2007-10-31$17.10$20.0040.0%11.5%18.6%49.6%40.8%4.5%-4.6%-4.2M258.6M-2.1M1.3423.42N/AN/A4,9396,600418,145393,813