S Options History — July 2012

In July 2012, S traded between $3.19 and $4.51. ATM implied volatility averaged 54.7%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded below realized volatility by 0.0% (HV 20d: 54.8%). Max pain ranged from $2.50 to $3.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2012-07-26: Highest Volume — 212,803 contracts
  • 2012-07-27: Largest IV spike — 33.2% change
  • 2012-07-30: Highest IV Rank — 29.9%
  • 2012-07-25: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.59$3.19$4.51$3.40$4.36
Max Pain$2.83$2.50$3.50$3.00$3.00
ATM IV54.7%45.6%70.3%51.5%66.8%
Expected Move15.1%12.6%16.6%12.9%15.6%
HV 20d54.8%43.7%81.4%56.5%81.4%
HV 60d51.0%47.0%60.7%50.5%59.8%
IV Rank18.1%11.0%29.9%18.4%27.2%
IV Percentile33.4%11.1%66.7%25.8%58.7%
Term Structure-0.2%-6.7%8.2%8.2%0.3%
VWIV52.6%38.5%61.5%45.7%54.0%
Skew 25d2.1%-9.7%19.0%0.6%-4.9%
Skew 10d5.5%-17.2%31.0%11.4%-1.6%
Call IV 25d53.4%32.0%61.7%47.6%59.0%
Put IV 25d55.5%41.3%64.0%48.1%54.1%
Bid-Ask Spread %4.812.699.786.392.69
Gamma HHI0.270.220.480.230.38
Net GEX797.9K413.4K1.8M553.0K1.7M
Net DEX-94.4M-191.8M-53.8M-75.0M-180.4M
Net VEX-730.5K-806.5K-701.5K-737.6K-754.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.082.920.520.96
Total Volume55,218.2862,660212,80330,43951,530
Total OI1,063,290.2381,004,1681,219,5781,004,4141,136,329

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-07-02$3.40$3.0051.5%12.9%56.5%18.4%45.7%0.6%8.2%553.0K-75.0M-737.6K0.526.39N/AN/A19,99210,447537,824466,590
2012-07-03$3.47$3.0045.6%12.6%56.1%11.0%42.5%19.0%7.6%591.6K-79.1M-731.7K0.395.18N/AN/A5,3002,086537,770466,398
2012-07-05$3.31$3.0051.1%13.7%56.2%15.2%38.5%-9.7%2.9%479.4K-65.1M-714.9K0.675.53N/AN/A10,8097,214538,139467,147
2012-07-06$3.29$2.5049.6%14.6%56.5%14.0%53.6%1.5%0.3%508.0K-63.7M-714.4K1.185.17N/AN/A6,9428,211541,889470,855
2012-07-09$3.21$2.5063.7%15.8%50.2%24.9%52.7%5.5%-0.6%423.6K-56.1M-708.7K0.494.88N/AN/A5,8692,889542,696474,676
2012-07-10$3.19$2.5047.6%15.3%46.0%12.5%53.3%2.7%0.2%430.3K-53.8M-704.0K2.926.61N/AN/A4,79313,983545,720475,384
2012-07-11$3.23$2.5047.5%15.7%45.1%12.4%53.4%4.8%0.8%413.4K-56.3M-709.6K0.084.79N/AN/A3,557298546,358485,410
2012-07-12$3.20$2.5054.5%15.6%45.4%17.8%54.5%4.4%-0.9%417.3K-55.5M-701.5K0.464.98N/AN/A1,824836548,461479,482
2012-07-13$3.33$2.5050.8%14.6%43.7%15.0%54.7%3.5%0.2%556.7K-66.6M-702.6K0.394.34N/AN/A13,7635,346548,676479,630
2012-07-16$3.46$2.5053.2%15.3%45.3%16.8%54.2%2.8%-0.5%664.9K-78.9M-715.3K0.164.15N/AN/A13,8152,233547,417482,893
2012-07-17$3.65$2.5057.0%16.3%48.2%19.7%57.1%2.8%-3.8%815.7K-99.8M-719.2K0.544.67N/AN/A44,84724,282551,356484,228
2012-07-18$3.66$3.0055.1%15.8%47.9%18.3%54.1%1.6%-2.9%698.0K-99.6M-727.9K0.144.38N/AN/A45,1666,270557,753498,309
2012-07-19$3.71$3.0054.7%15.7%47.7%18.0%53.9%1.3%-2.2%829.0K-106.5M-740.2K0.414.69N/AN/A18,0667,361583,764498,368
2012-07-20$3.66$3.0053.1%15.2%48.2%16.7%53.1%0.7%-0.8%868.8K-101.9M-737.2K1.914.00N/AN/A10,65820,376589,765502,105
2012-07-23$3.57$3.0054.7%15.7%48.4%17.9%56.2%3.4%-2.9%613.6K-77.8M-734.2K0.664.15N/AN/A31,99921,097552,573468,526
2012-07-24$3.45$3.0054.9%15.7%44.0%18.1%55.5%-2.9%-2.5%694.3K-69.3M-720.7K1.244.09N/AN/A15,53619,218576,321480,937
2012-07-25$3.37$3.0057.9%16.6%45.1%20.4%61.5%2.3%-6.7%478.2K-59.3M-724.2K0.309.78N/AN/A120,82035,650581,255492,712
2012-07-26$4.05$3.0046.9%13.5%78.2%12.0%46.0%5.8%3.4%1.8M-155.6M-762.0K0.303.07N/AN/A164,11748,686658,781515,756
2012-07-27$4.31$3.0062.5%15.3%79.6%23.9%53.7%0.4%-1.4%1.7M-191.8M-774.8K0.554.62N/AN/A114,59462,452681,851537,727
2012-07-30$4.51$3.5070.3%16.2%80.1%29.9%56.7%-0.8%-3.5%1.5M-191.3M-806.5K0.092.88N/AN/A143,13613,516660,171537,093
2012-07-31$4.36$3.0066.8%15.6%81.4%27.2%54.0%-4.9%0.3%1.7M-180.4M-754.0K0.962.69N/AN/A26,35625,174636,849499,480