S Options History — June 2010

In June 2010, S traded between $4.20 and $4.99. ATM implied volatility averaged 59.6%, placing in the 46.1% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded below realized volatility by 11.9% (HV 20d: 71.5%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.32.

Notable Days

  • 2010-06-10: Highest Volume — 67,932 contracts
  • 2010-06-28: Largest IV spike — 13.7% change
  • 2010-06-08: Highest IV Rank — 68.1%
  • 2010-06-09: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.62$4.20$4.99$4.76$4.24
Max Pain$4.36$4.00$5.00$4.00$4.00
ATM IV59.6%47.3%74.9%64.5%54.5%
Expected Move17.0%13.5%20.4%18.5%15.6%
HV 20d71.5%47.6%86.4%86.3%47.6%
HV 60d58.8%57.1%61.2%59.3%61.2%
IV Rank46.1%28.3%68.1%53.1%38.7%
IV Percentile46.8%12.7%90.9%61.5%29.8%
Term Structure4.5%-1.4%11.1%-1.0%9.3%
VWIV60.0%46.9%71.7%65.7%54.5%
Skew 25d0.2%-10.2%10.2%9.3%-6.7%
Skew 10d-1.1%-17.9%41.8%12.3%-10.4%
Call IV 25d61.8%51.3%73.4%66.5%60.8%
Put IV 25d62.0%46.8%75.8%75.8%54.1%
Bid-Ask Spread %4.312.977.043.544.91
Gamma HHI0.630.550.840.560.55
Net GEX1.5M778.2K3.5M1.2M792.1K
Net DEX-59.2M-85.5M-33.8M-59.5M-43.0M
Net VEX-376.9K-418.7K-333.9K-333.9K-418.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.060.970.280.45
Total Volume29,5479,02467,93232,33026,607
Total OI529,104.318449,805590,298463,335553,566

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-06-01$4.76$4.0064.5%18.5%86.3%53.1%65.7%9.3%-1.0%1.2M-59.5M-333.9K0.283.54N/AN/A25,2207,110309,806153,529
2010-06-02$4.99$4.0063.3%18.2%85.0%51.5%62.9%10.2%-1.4%1.5M-73.8M-347.5K0.114.03N/AN/A17,2831,978319,232157,624
2010-06-03$4.95$4.0062.9%18.0%85.1%50.9%63.1%4.9%-0.2%1.5M-73.9M-355.9K0.303.67N/AN/A20,6906,220327,589158,072
2010-06-04$4.78$5.0067.5%19.4%86.4%57.4%68.2%2.6%-0.2%1.3M-65.0M-361.0K0.225.56N/AN/A20,0474,420335,428159,274
2010-06-07$4.66$5.0070.5%19.9%81.1%61.8%70.0%4.3%1.4%1.2M-58.0M-354.4K0.104.77N/AN/A48,8594,746342,043159,152
2010-06-08$4.59$5.0074.9%20.3%80.0%68.1%71.7%0.7%0.1%1.3M-57.5M-367.2K0.354.17N/AN/A37,83513,085364,321160,325
2010-06-09$4.61$5.0072.2%20.4%79.8%64.2%71.2%0.2%1.0%1.3M-59.3M-372.6K0.063.98N/AN/A61,1293,677367,974161,322
2010-06-10$4.73$5.0063.1%18.1%80.2%51.2%62.8%0.8%4.3%1.9M-68.0M-377.2K0.973.97N/AN/A34,48633,446381,245161,839
2010-06-11$4.87$5.0061.7%17.7%76.9%49.1%62.1%-0.2%5.4%2.6M-82.7M-403.7K0.284.02N/AN/A8,6812,398403,187168,327
2010-06-14$4.79$5.0061.7%17.7%76.6%49.1%63.6%-0.1%4.8%2.7M-76.6M-389.5K0.184.19N/AN/A15,1582,759403,698168,690
2010-06-15$4.90$5.0057.7%16.5%76.4%43.4%59.3%0.6%6.7%3.5M-85.5M-400.8K0.403.22N/AN/A13,3185,294409,761169,974
2010-06-16$4.79$4.0058.6%16.8%75.3%44.6%59.2%4.4%5.2%2.9M-74.9M-388.4K0.423.08N/AN/A6,5242,716411,704169,467
2010-06-17$4.64$4.0059.3%17.0%75.6%45.6%59.3%-3.7%3.2%958.7K-59.3M-368.7K0.833.86N/AN/A9,4167,770415,049169,404
2010-06-18$4.59$4.0055.3%15.8%72.5%39.8%57.0%-0.7%5.9%968.2K-55.9M-364.7K0.394.72N/AN/A9,8543,832414,685175,613
2010-06-21$4.50$4.0053.0%15.2%72.6%36.6%52.0%1.0%6.1%918.8K-45.8M-350.9K0.284.57N/AN/A37,78610,763309,880139,925
2010-06-22$4.32$4.0050.9%14.6%67.3%33.6%53.8%-4.5%9.9%859.2K-39.9M-364.0K0.192.97N/AN/A27,0875,153337,972148,173
2010-06-23$4.52$4.0051.3%14.7%58.3%34.0%51.8%-1.5%4.4%1.2M-52.6M-382.7K0.194.16N/AN/A11,6472,247351,193151,242
2010-06-24$4.38$4.0049.8%14.3%53.5%32.0%53.0%-6.5%10.6%1.0M-44.4M-402.4K0.744.45N/AN/A5,1723,852366,451163,409
2010-06-25$4.20$4.0047.3%13.5%49.8%28.3%46.9%-10.2%11.1%778.2K-33.8M-377.0K0.095.76N/AN/A32,5963,001368,648166,975
2010-06-28$4.46$4.0053.7%15.4%55.8%37.6%53.7%0.0%6.4%1.1M-48.8M-395.7K0.084.16N/AN/A29,5672,230372,020168,795
2010-06-29$4.28$4.0058.5%16.8%51.4%44.5%58.8%-0.3%5.7%835.6K-43.8M-414.9K0.217.04N/AN/A20,1874,188374,528169,184
2010-06-30$4.24$4.0054.5%15.6%47.6%38.7%54.5%-6.7%9.3%792.1K-43.0M-418.7K0.454.91N/AN/A18,2928,315382,943170,623