S Options History — March 2010

In March 2010, S traded between $3.26 and $3.94. ATM implied volatility averaged 48.2%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded below realized volatility by 0.1% (HV 20d: 48.3%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 0.59.

Notable Days

  • 2010-03-24: Highest Volume — 92,260 contracts
  • 2010-03-10: Largest IV spike — 16.9% change
  • 2010-03-11: Highest IV Rank — 34.3%
  • 2010-03-10: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.62$3.26$3.94$3.39$3.80
Max Pain$3.91$3.00$4.00$4.00$4.00
ATM IV48.2%42.5%54.6%43.0%44.3%
Expected Move14.2%12.3%15.9%12.3%12.7%
HV 20d48.3%40.8%63.0%62.9%45.8%
HV 60d56.4%54.2%61.3%61.2%54.2%
IV Rank26.2%18.9%34.3%19.5%21.1%
IV Percentile9.5%2.8%19.4%3.2%6.0%
Term Structure4.9%1.8%8.9%8.1%8.9%
VWIV49.9%42.1%56.3%42.9%44.4%
Skew 25d-2.5%-9.9%3.4%1.8%-7.0%
Skew 10d0.3%-22.2%48.9%-1.7%-10.8%
Call IV 25d54.0%44.6%59.4%49.2%53.0%
Put IV 25d51.4%46.0%56.0%51.1%46.0%
Bid-Ask Spread %4.742.547.915.254.19
Gamma HHI0.340.240.510.270.51
Net GEX742.4K120.4K1.3M147.1K1.2M
Net DEX-25.6M-49.4M-1.3M-4.2M-39.9M
Net VEX-272.9K-308.9K-241.3K-258.0K-305.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.061.921.740.16
Total Volume26,170.2175,14492,26021,26120,952
Total OI531,047.391490,364572,896516,187572,896

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-03-01$3.39$4.0043.0%12.3%62.9%19.5%42.9%1.8%8.1%147.1K-4.2M-258.0K1.745.25N/AN/A7,76713,494287,428228,759
2010-03-02$3.33$4.0045.6%13.1%63.0%22.9%45.7%1.0%4.7%143.6K-2.8M-250.6K1.925.47N/AN/A4,3058,247292,965218,418
2010-03-03$3.29$4.0046.5%13.3%52.2%24.0%46.7%1.0%3.1%133.5K-2.5M-244.9K0.622.54N/AN/A5,6633,533294,205213,026
2010-03-04$3.26$4.0043.4%12.4%52.0%20.0%42.1%3.4%6.4%120.4K-1.3M-244.3K0.934.61N/AN/A4,9554,605295,429212,801
2010-03-05$3.28$3.0042.5%14.1%48.7%18.9%52.2%-4.5%2.2%125.8K-1.9M-241.3K0.884.04N/AN/A14,50212,728297,090212,240
2010-03-08$3.40$3.0045.2%15.2%50.5%22.4%53.4%0.9%3.2%333.9K-10.4M-246.5K1.844.05N/AN/A17,27231,810297,580210,273
2010-03-09$3.62$4.0042.9%14.9%54.7%19.4%51.9%-0.8%3.8%682.1K-22.5M-263.3K0.387.01N/AN/A40,57215,347302,837217,735
2010-03-10$3.65$4.0050.2%15.9%53.0%28.7%56.3%-4.2%1.8%844.6K-29.7M-282.2K0.386.48N/AN/A36,79114,023320,185219,700
2010-03-11$3.70$4.0054.6%15.6%43.2%34.3%54.4%-3.0%3.4%1.0M-31.0M-279.9K0.265.13N/AN/A4,0901,054331,150217,897
2010-03-12$3.60$4.0050.3%14.4%42.9%28.9%51.9%-2.8%3.8%936.5K-25.0M-267.5K0.577.91N/AN/A7,5404,286326,619210,159
2010-03-15$3.59$4.0051.2%14.7%40.8%30.0%53.1%-5.6%3.4%938.1K-24.7M-260.1K0.144.93N/AN/A6,948977326,893211,359
2010-03-16$3.45$4.0048.6%13.9%43.9%26.7%50.5%-0.7%5.2%811.6K-14.1M-248.5K0.375.18N/AN/A8,1323,031327,077211,773
2010-03-17$3.61$4.0051.7%14.8%45.5%30.6%52.1%2.6%5.8%939.5K-25.6M-259.4K0.523.43N/AN/A28,23414,601328,270212,813
2010-03-18$3.80$4.0048.8%14.0%48.1%27.0%48.7%-3.4%4.0%1.3M-42.4M-276.0K0.184.18N/AN/A16,3452,870345,348207,602
2010-03-19$3.76$4.0053.8%15.4%45.2%33.3%53.7%-0.4%3.8%644.7K-39.8M-280.0K0.064.19N/AN/A29,5241,871347,682205,466
2010-03-22$3.71$4.0047.5%13.6%45.6%25.3%48.2%-0.9%7.7%786.1K-29.1M-271.4K0.425.27N/AN/A10,4564,407309,440180,924
2010-03-23$3.83$4.0051.3%14.7%43.5%30.2%52.1%-5.1%3.3%892.7K-39.0M-280.9K0.164.73N/AN/A23,6393,795313,865182,879
2010-03-24$3.94$4.0053.9%15.5%43.1%33.5%53.7%-2.9%4.0%1.0M-49.4M-293.0K0.392.85N/AN/A66,30425,956324,424183,296
2010-03-25$3.77$4.0050.9%14.6%47.0%29.6%50.5%-6.5%6.7%947.8K-38.3M-308.9K0.555.10N/AN/A20,23311,104348,275195,721
2010-03-26$3.80$4.0049.4%14.2%47.0%27.7%49.1%-9.9%5.7%1.0M-38.8M-308.2K0.724.56N/AN/A12,5108,997350,851199,705
2010-03-29$3.79$4.0046.6%13.4%46.9%24.2%47.4%-5.0%6.5%1.0M-37.3M-301.5K0.273.79N/AN/A5,7191,542354,526204,781
2010-03-30$3.82$4.0046.2%13.3%46.1%23.7%46.5%-6.4%7.1%1.1M-39.0M-304.8K0.214.07N/AN/A17,5743,610355,770205,958
2010-03-31$3.80$4.0044.3%12.7%45.8%21.1%44.4%-7.0%8.9%1.2M-39.9M-305.9K0.164.19N/AN/A18,0342,918364,667208,229