S Options History — June 2009

In June 2009, S traded between $4.56 and $5.44. ATM implied volatility averaged 65.7%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded above realized volatility by 13.2% (HV 20d: 52.4%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.41.

Notable Days

  • 2009-06-15: Highest Volume — 72,686 contracts
  • 2009-06-15: Largest IV spike — 17.6% change
  • 2009-06-15: Highest IV Rank — 19.3%
  • 2009-06-15: Largest Expected Move — 22.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.99$4.56$5.44$5.00$4.81
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV65.7%48.3%79.2%71.5%48.3%
Expected Move19.1%13.8%22.7%20.5%13.8%
HV 20d52.4%46.2%61.9%61.9%55.2%
HV 60d69.3%59.0%81.2%80.7%59.0%
IV Rank10.8%0.0%19.3%15.1%0.0%
IV Percentile20.8%0.0%40.1%28.2%0.0%
Term Structure7.7%-3.7%20.4%2.7%20.4%
VWIV66.8%48.1%80.9%72.5%48.1%
Skew 25d2.7%-17.3%16.6%-14.3%-4.4%
Skew 10d12.5%-25.7%71.8%-17.9%-4.0%
Call IV 25d63.5%42.2%82.8%74.8%45.6%
Put IV 25d66.2%41.1%81.5%60.5%41.1%
Bid-Ask Spread %9.986.9713.318.009.66
Gamma HHI0.310.250.420.330.26
Net GEX875.5K680.0K1.1M680.0K958.6K
Net DEX-50.1M-74.5M-28.2M-50.0M-36.3M
Net VEX-337.9K-372.3K-313.1K-336.1K-316.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.062.550.180.17
Total Volume19,897.8641,85072,68610,6566,387
Total OI441,710.227395,212491,549395,212477,647

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-06-01$5.00$5.0071.5%20.5%61.9%15.1%72.5%-14.3%2.7%680.0K-50.0M-336.1K0.188.00N/AN/A9,0101,646268,051127,161
2009-06-02$5.06$5.0067.2%19.3%57.1%12.0%68.0%-17.3%6.2%730.1K-53.3M-341.4K0.178.63N/AN/A5,677979274,758128,125
2009-06-03$4.85$5.0069.3%19.9%53.2%13.3%69.0%-5.0%2.3%690.5K-45.8M-333.3K0.069.43N/AN/A47,2652,793278,182128,857
2009-06-04$5.03$5.0074.4%21.3%55.1%16.3%72.7%1.6%-3.7%958.6K-64.1M-372.3K0.7210.07N/AN/A9,6236,932322,555130,684
2009-06-05$5.11$5.0066.5%20.1%54.8%11.6%70.0%9.5%7.1%845.0K-58.6M-349.8K0.1811.30N/AN/A36,7986,564286,098128,423
2009-06-08$4.96$5.0065.8%20.2%55.7%11.1%68.8%9.9%6.1%757.7K-48.0M-326.5K0.4013.31N/AN/A17,3796,934274,019129,431
2009-06-09$4.95$5.0057.7%19.9%54.2%6.3%69.5%7.8%6.3%766.9K-46.9M-324.0K0.2411.49N/AN/A1,490360275,553129,603
2009-06-10$4.84$5.0063.0%18.5%54.4%9.5%65.6%11.3%8.1%726.4K-42.9M-313.1K0.2410.91N/AN/A8,7212,099274,664129,688
2009-06-11$5.08$5.0064.3%18.4%51.8%10.3%64.7%4.7%9.4%842.2K-53.0M-325.6K0.6311.03N/AN/A7,4544,712277,182130,131
2009-06-12$5.29$5.0067.4%19.3%50.8%12.1%64.0%15.8%6.1%951.4K-64.2M-331.4K0.9311.15N/AN/A11,13410,386281,203132,836
2009-06-15$5.34$5.0079.2%22.7%49.3%19.3%78.0%6.2%-1.4%937.5K-67.4M-339.4K0.307.47N/AN/A56,04116,645286,260139,615
2009-06-16$5.44$5.0075.9%21.8%46.2%17.3%75.0%6.1%1.5%1.1M-74.5M-368.7K0.258.55N/AN/A21,7455,494315,850151,875
2009-06-17$5.11$5.0076.3%21.9%49.7%17.5%80.9%-6.9%3.4%916.1K-57.2M-367.4K0.279.98N/AN/A18,7785,110321,807155,310
2009-06-18$5.18$5.0074.3%21.3%49.7%16.3%75.0%1.1%7.9%1.0M-65.2M-370.6K0.4810.71N/AN/A3,5071,691331,874157,445
2009-06-19$4.96$5.0067.0%19.2%48.0%11.9%62.9%9.3%9.2%1.1M-47.4M-347.8K0.076.97N/AN/A28,5832,047333,341158,208
2009-06-22$4.83$5.0065.9%18.9%48.3%11.2%66.6%0.3%11.2%849.1K-42.8M-334.5K0.257.02N/AN/A11,5742,887300,425142,851
2009-06-23$4.72$5.0067.8%19.4%48.6%12.4%71.5%-9.1%6.9%860.9K-39.1M-327.0K2.559.92N/AN/A6,70517,075306,859144,875
2009-06-24$4.56$5.0060.7%17.4%49.2%8.1%62.6%16.6%14.2%707.7K-28.2M-326.3K0.1111.40N/AN/A7,736871306,962160,852
2009-06-25$4.68$5.0057.6%16.5%50.0%4.1%59.2%12.3%11.9%788.0K-30.7M-322.2K0.2411.29N/AN/A7,9731,894308,567160,958
2009-06-26$4.99$5.0053.0%15.2%55.7%1.2%53.0%2.2%17.0%1.0M-44.4M-331.1K0.1510.52N/AN/A10,7771,577312,139161,176
2009-06-29$4.92$5.0052.1%14.9%54.9%0.7%51.9%1.3%15.9%1.0M-43.2M-328.9K0.4910.75N/AN/A3,1631,537313,356162,169
2009-06-30$4.81$5.0048.3%13.8%55.2%0.0%48.1%-4.4%20.4%958.6K-36.3M-316.7K0.179.66N/AN/A5,466921314,813162,834