S Options History — October 2009

In October 2009, S traded between $2.96 and $3.91. ATM implied volatility averaged 75.2%, placing in the 25.7% IV rank vs the trailing year. The 30-day expected move averaged 22.3%. IV traded above realized volatility by 23.3% (HV 20d: 51.9%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.49.

Notable Days

  • 2009-10-09: Highest Volume — 67,794 contracts
  • 2009-10-13: Largest IV spike — 62.4% change
  • 2009-10-09: Highest IV Rank — 37.5%
  • 2009-10-28: Largest Expected Move — 25.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.46$2.96$3.91$3.74$2.96
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV75.2%49.5%97.0%70.6%68.2%
Expected Move22.3%16.0%25.4%20.2%19.6%
HV 20d51.9%40.1%66.5%65.0%40.1%
HV 60d55.0%51.3%56.8%56.6%53.2%
IV Rank25.7%11.8%37.5%23.2%21.9%
IV Percentile38.2%3.2%63.9%29.4%25.4%
Term Structure-3.1%-14.5%10.5%5.3%3.0%
VWIV80.4%55.8%95.7%70.8%68.2%
Skew 25d-4.1%-17.6%55.6%-9.3%55.6%
Skew 10d7.0%-23.7%88.4%-7.1%88.4%
Call IV 25d81.7%48.6%104.0%65.9%59.4%
Put IV 25d77.6%56.6%115.1%56.6%115.1%
Bid-Ask Spread %11.358.8516.229.509.94
Gamma HHI0.280.200.400.350.21
Net GEX619.9K3.9K1.4M1.2M3.9K
Net DEX4.5M-31.9M30.7M-15.4M30.7M
Net VEX-299.9K-398.7K-202.3K-369.1K-202.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.091.960.341.40
Total Volume20,157.7732,92867,79412,33820,524
Total OI760,436.727698,359837,966758,992768,514

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-10-01$3.74$4.0070.6%20.2%65.0%23.2%70.8%-9.3%5.3%1.2M-15.4M-369.1K0.349.50N/AN/A9,2223,116537,946221,046
2009-10-02$3.91$4.0073.6%21.1%66.5%24.8%73.5%4.6%3.3%1.4M-31.9M-398.7K0.1213.50N/AN/A21,7322,537541,197222,100
2009-10-05$3.81$4.0074.3%21.5%63.6%25.2%79.1%-0.6%2.3%1.4M-19.7M-372.3K0.2411.30N/AN/A4,6951,145550,425222,931
2009-10-06$3.79$4.0077.7%21.8%62.7%27.0%79.6%-5.9%-2.8%1.4M-17.7M-360.8K0.1516.19N/AN/A5,966888550,665222,897
2009-10-07$3.73$4.0069.5%23.3%63.0%22.6%81.6%1.9%-5.2%1.3M-11.1M-348.5K0.2016.22N/AN/A18,1953,612553,315223,392
2009-10-08$3.68$4.0077.3%24.9%62.4%26.8%86.8%-7.5%-6.5%1.3M-12.5M-347.3K0.6011.74N/AN/A5,2413,138559,785224,381
2009-10-09$3.58$4.0097.0%24.8%63.1%37.5%85.9%-6.6%-5.2%1.0M-3.6M-328.1K0.379.13N/AN/A49,36318,431558,584226,157
2009-10-12$3.58$4.0049.5%23.1%51.3%11.8%80.6%-6.3%-1.4%483.9K7.4M-301.1K0.1510.83N/AN/A15,3612,360566,096234,395
2009-10-13$3.41$4.0080.4%24.1%53.1%28.5%85.6%-9.5%-3.7%556.7K10.4M-295.3K1.9610.57N/AN/A12,70424,869571,847235,483
2009-10-14$3.57$4.0070.8%24.4%56.3%23.3%84.6%-8.4%-3.5%420.3K8.6M-304.4K1.3010.96N/AN/A15,77220,533565,894245,739
2009-10-15$3.52$4.0088.3%25.3%56.1%32.8%87.6%-12.7%-11.2%390.6K9.2M-321.3K0.2710.97N/AN/A7,1821,913575,562261,135
2009-10-16$3.47$4.0078.6%22.5%42.6%27.6%81.9%-10.4%-3.5%358.4K13.1M-303.7K0.2010.21N/AN/A16,1163,255576,777261,189
2009-10-19$3.44$4.0077.2%22.1%42.5%26.8%89.7%-17.6%-0.6%392.6K4.3M-301.8K0.099.43N/AN/A8,946823465,913232,975
2009-10-20$3.29$4.0081.4%23.3%43.5%29.0%83.5%-8.6%-7.1%277.7K13.9M-267.5K0.2910.69N/AN/A11,1783,197465,118233,241
2009-10-21$3.29$4.0069.9%20.0%42.9%22.8%81.1%-15.9%5.0%268.5K15.6M-263.2K0.1712.62N/AN/A7,2251,225470,919234,524
2009-10-22$3.38$4.0073.4%21.0%44.2%24.7%78.3%-5.8%-2.1%324.7K12.0M-270.2K0.6913.39N/AN/A1,7291,199475,137235,001
2009-10-23$3.25$4.0070.7%20.3%45.5%23.2%72.0%-4.9%-4.5%263.3K14.9M-254.7K0.209.93N/AN/A10,3532,076476,085235,778
2009-10-26$3.20$4.0079.7%22.9%45.6%28.1%82.6%-8.3%-13.2%256.0K16.1M-254.6K0.498.85N/AN/A8,9614,382483,016237,365
2009-10-27$3.17$4.0082.0%23.5%43.0%29.4%83.3%-9.3%-14.5%255.0K15.5M-256.6K0.529.14N/AN/A5,7682,977485,871240,437
2009-10-28$3.24$4.0088.4%25.4%44.5%32.9%95.7%-17.3%-11.5%303.3K12.6M-266.5K0.5212.88N/AN/A28,01814,675488,190240,284
2009-10-29$3.09$4.0055.8%16.0%43.6%15.2%55.8%13.0%10.5%74.4K27.5M-209.4K0.5811.66N/AN/A27,06715,802501,541250,761
2009-10-30$2.96$4.0068.2%19.6%40.1%21.9%68.2%55.6%3.0%3.9K30.7M-202.3K1.409.94N/AN/A8,54311,981508,548259,966