S Options History — June 2012

In June 2012, S traded between $2.51 and $3.29. ATM implied volatility averaged 48.6%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 0.9% (HV 20d: 49.5%). Max pain ranged from $2.50 to $3.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.02.

Notable Days

  • 2012-06-07: Highest Volume — 169,022 contracts
  • 2012-06-06: Largest IV drop — 34.6% change
  • 2012-06-11: Highest IV Rank — 28.0%
  • 2012-06-04: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.98$2.51$3.29$2.51$3.26
Max Pain$2.67$2.50$3.00$2.50$3.00
ATM IV48.6%36.8%60.0%48.2%43.6%
Expected Move14.1%12.3%15.7%14.0%12.6%
HV 20d49.5%32.8%58.3%38.2%55.6%
HV 60d49.3%44.1%51.1%48.3%49.9%
IV Rank19.9%11.6%28.0%19.6%16.4%
IV Percentile22.3%6.0%45.6%22.6%9.5%
Term Structure5.0%2.2%9.6%3.7%5.9%
VWIV49.3%44.5%54.8%48.4%45.7%
Skew 25d6.7%-11.2%13.7%-11.2%4.8%
Skew 10d17.1%-15.8%41.0%-15.8%8.2%
Call IV 25d48.0%42.9%57.9%57.9%43.3%
Put IV 25d54.7%46.6%63.3%46.7%48.1%
Bid-Ask Spread %6.894.829.966.716.28
Gamma HHI0.220.190.270.230.21
Net GEX218.0K-157.2K485.5K-39.3K419.1K
Net DEX-34.7M-59.9M15.8M13.8M-59.9M
Net VEX-640.4K-736.0K-391.2K-391.2K-729.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.037.397.390.13
Total Volume28,573.1433,336169,02235,12210,242
Total OI922,010.476739,9671,003,375739,9671,003,375

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-06-01$2.51$2.5048.2%14.0%38.2%19.6%48.4%-11.2%3.7%-39.3K13.8M-391.2K7.396.71N/AN/A4,18530,937352,666387,301
2012-06-04$2.54$2.5050.4%15.7%33.4%21.2%54.8%9.8%5.3%-135.3K13.6M-420.1K1.517.33N/AN/A2,8504,293352,347414,742
2012-06-05$2.53$2.5056.3%14.9%32.8%25.4%52.1%10.0%6.8%-157.1K15.8M-415.1K0.298.15N/AN/A2,587749352,694417,334
2012-06-06$2.72$2.5036.8%15.3%39.5%11.6%45.6%11.6%4.0%-157.2K907.9K-439.2K0.169.96N/AN/A10,5141,730353,455417,785
2012-06-07$2.74$2.5043.3%15.3%39.2%16.2%46.6%10.8%3.3%-119.9K-1.8M-441.4K0.037.01N/AN/A164,1874,835358,686418,211
2012-06-08$2.98$2.5049.3%13.8%47.7%20.5%51.9%8.4%4.3%253.1K-41.4M-679.8K0.338.63N/AN/A40,91213,447514,373419,185
2012-06-11$2.83$2.5060.0%14.5%52.4%28.0%53.9%8.8%3.3%211.5K-28.5M-670.3K0.239.79N/AN/A14,2473,257524,347425,947
2012-06-12$2.92$2.5055.9%14.1%53.1%25.1%50.3%13.7%3.7%293.3K-37.0M-669.4K0.217.56N/AN/A29,4186,059524,502427,188
2012-06-13$2.94$2.5047.2%14.7%52.6%18.9%53.5%9.7%2.2%427.6K-38.8M-686.4K0.766.17N/AN/A18,12813,780535,616430,496
2012-06-14$3.10$2.5052.8%15.1%52.9%22.9%53.7%10.8%3.1%485.5K-56.1M-719.1K0.167.39N/AN/A29,8024,639542,665433,607
2012-06-15$3.09$2.5050.4%14.4%52.1%21.2%51.1%6.1%4.8%477.6K-57.3M-715.9K0.656.80N/AN/A13,1758,510553,280435,128
2012-06-18$3.08$2.5045.4%13.0%51.8%17.7%45.2%8.1%7.7%273.8K-41.7M-701.7K0.476.38N/AN/A10,8515,126508,839417,245
2012-06-19$3.15$2.5045.5%13.0%51.9%17.7%45.2%11.7%5.8%327.9K-47.4M-708.1K3.475.27N/AN/A6,60022,875512,420419,781
2012-06-20$3.13$2.5047.1%13.5%52.4%18.9%47.5%8.0%3.4%277.8K-49.1M-715.2K3.394.82N/AN/A7,00223,770513,807438,912
2012-06-21$3.18$3.0044.4%12.7%52.3%17.0%44.5%2.3%9.6%275.1K-51.7M-712.2K0.576.31N/AN/A19,69911,298516,187460,146
2012-06-22$3.29$3.0043.0%12.3%52.6%16.0%45.3%2.1%7.7%339.2K-59.8M-736.0K0.534.94N/AN/A15,5608,275522,717464,562
2012-06-25$3.09$3.0052.7%15.1%58.3%22.8%53.8%-0.2%4.6%187.6K-44.7M-719.1K0.257.56N/AN/A15,1703,809525,747465,744
2012-06-26$3.13$3.0052.1%14.9%58.2%22.4%51.8%4.3%4.6%269.7K-49.9M-722.2K0.415.09N/AN/A4,4271,830531,983467,013
2012-06-27$3.13$3.0050.9%14.6%56.2%21.6%48.5%7.5%5.5%247.4K-47.5M-729.3K0.306.92N/AN/A4,9421,484533,334467,157
2012-06-28$3.26$3.0045.5%13.1%57.0%17.8%46.2%4.0%6.7%419.8K-59.7M-727.7K0.215.69N/AN/A4,008827534,288467,408
2012-06-29$3.26$3.0043.6%12.6%55.6%16.4%45.7%4.8%5.9%419.1K-59.9M-729.6K0.136.28N/AN/A9,0931,149535,948467,427