S Options History — November 2007

In November 2007, S traded between $14.48 and $17.21. ATM implied volatility averaged 37.6%, placing in the 43.2% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 11.3% (HV 20d: 26.3%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.92.

Notable Days

  • 2007-11-02: Highest Volume — 65,831 contracts
  • 2007-11-07: Largest IV spike — 16.2% change
  • 2007-11-12: Highest IV Rank — 65.4%
  • 2007-11-08: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.74$14.48$17.21$16.58$15.52
Max Pain$16.57$15.00$20.00$20.00$15.00
ATM IV37.6%31.4%45.8%31.4%33.4%
Expected Move10.4%9.0%11.5%9.0%9.6%
HV 20d26.3%16.7%33.1%16.7%33.0%
HV 60d25.6%24.8%26.6%26.5%26.6%
IV Rank43.2%26.6%65.4%26.6%31.9%
IV Percentile80.2%56.7%96.3%56.7%63.9%
Term Structure0.9%-3.9%3.6%1.9%2.3%
VWIV37.2%32.5%41.3%32.6%33.8%
Skew 25d-1.1%-6.7%8.4%2.4%2.3%
Skew 10d-3.3%-12.6%17.3%6.9%7.2%
Call IV 25d37.7%31.2%44.5%32.4%33.9%
Put IV 25d36.5%33.4%42.3%34.8%36.2%
Bid-Ask Spread %17.4512.1922.6612.1921.02
Gamma HHI0.210.130.370.180.22
Net GEX-3.6M-4.9M-2.3M-4.9M-2.3M
Net DEX296.2M242.3M355.8M309.4M246.2M
Net VEX-1.8M-2.2M-1.3M-1.9M-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.145.790.760.27
Total Volume16,824.5712,07065,83110,32831,040
Total OI829,303.571763,773920,350816,807785,002

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-11-01$16.58$20.0031.4%9.0%16.7%26.6%32.6%2.4%1.9%-4.9M309.4M-1.9M0.7612.19N/AN/A5,8604,468419,545397,262
2007-11-02$17.15$20.0032.1%9.2%22.0%28.4%32.5%2.2%0.7%-4.7M252.0M-2.1M0.6421.98N/AN/A40,23825,593421,764397,807
2007-11-05$17.01$17.0034.4%9.8%20.4%34.7%34.8%-0.6%0.1%-4.6M255.6M-2.2M0.4318.10N/AN/A4,7422,062445,631419,523
2007-11-06$17.21$17.0034.2%10.3%21.0%34.1%36.4%1.4%-0.2%-4.4M242.3M-2.2M0.2416.30N/AN/A17,5144,167444,327415,897
2007-11-07$16.57$17.0039.7%10.6%24.1%48.9%37.4%0.2%-0.7%-4.1M277.3M-2.1M0.9514.34N/AN/A5,0364,774456,572408,817
2007-11-08$16.54$17.0044.6%11.5%24.1%61.9%41.1%-4.3%-1.3%-3.9M268.7M-2.1M1.0516.22N/AN/A7,2197,556457,738410,440
2007-11-09$16.31$17.0040.9%11.3%24.2%52.0%41.3%-5.0%0.4%-4.0M284.8M-2.0M1.6917.24N/AN/A2,8664,843463,508412,011
2007-11-12$15.80$17.0045.8%10.9%25.8%65.4%38.1%-6.7%3.3%-4.1M332.9M-1.9M0.1813.75N/AN/A10,7651,929463,765413,091
2007-11-13$15.98$16.0044.8%11.2%26.5%62.6%40.9%-5.1%2.4%-3.5M309.0M-1.9M0.2016.25N/AN/A37,1257,283472,365413,058
2007-11-14$15.84$16.0043.8%10.6%26.5%59.8%40.6%-4.7%0.6%-2.9M304.9M-2.0M0.7020.66N/AN/A5,3653,764497,131417,601
2007-11-15$15.48$16.0037.7%10.8%27.2%43.5%39.1%-1.0%1.8%-2.8M338.0M-1.9M1.1822.66N/AN/A1,7902,112500,333420,017
2007-11-16$15.46$16.0035.3%10.1%27.2%37.1%36.0%-2.5%-0.0%-3.0M355.8M-1.8M2.1513.58N/AN/A1,3482,899499,602418,643
2007-11-19$15.06$16.0036.6%10.5%27.6%40.7%36.2%1.1%1.3%-3.1M288.7M-1.6M0.2220.51N/AN/A23,3355,134410,360359,797
2007-11-20$15.05$16.0035.2%10.1%27.5%36.8%37.2%-4.8%1.8%-3.3M304.4M-1.6M0.8018.48N/AN/A1,9061,517401,738363,877
2007-11-21$14.85$16.0036.6%10.5%27.5%40.5%37.8%-4.1%2.0%-3.3M306.7M-1.5M0.7317.16N/AN/A1,198872401,272364,192
2007-11-23$15.08$16.0034.0%9.8%28.6%33.6%34.7%-1.7%3.6%-3.4M299.7M-1.6M0.6121.11N/AN/A1,334810401,453363,954
2007-11-26$14.66$16.0037.0%10.6%29.0%41.8%36.7%0.3%1.1%-3.5M331.2M-1.4M0.2215.30N/AN/A5,8821,322402,214363,921
2007-11-27$14.48$16.0034.7%10.0%29.0%35.5%36.7%-2.1%3.1%-3.3M340.6M-1.3M5.7912.44N/AN/A4,19624,310406,434364,960
2007-11-28$14.76$16.0039.0%11.2%30.6%46.9%39.8%8.4%-3.9%-3.4M311.4M-1.4M0.1416.94N/AN/A19,1462,601408,290355,483
2007-11-29$15.20$15.0038.4%11.0%33.1%45.4%37.6%0.4%-2.3%-2.4M261.1M-1.6M0.3320.15N/AN/A13,0534,342421,453354,527
2007-11-30$15.52$15.0033.4%9.6%33.0%31.9%33.8%2.3%2.3%-2.3M246.2M-1.6M0.2721.02N/AN/A24,5086,532428,630356,372