S Options History — June 2014

In June 2014, S traded between $8.24 and $9.71. ATM implied volatility averaged 41.8%, placing in the 27.0% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 9.7% (HV 20d: 32.1%). Max pain ranged from $7.00 to $13.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.27.

Notable Days

  • 2014-06-05: Highest Volume — 170,733 contracts
  • 2014-06-27: Largest IV drop — 13.6% change
  • 2014-06-02: Highest IV Rank — 32.1%
  • 2014-06-19: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.73$8.24$9.71$9.71$8.53
Max Pain$9.47$7.00$13.00$7.00$10.00
ATM IV41.8%35.6%47.4%47.4%37.1%
Expected Move12.8%12.2%13.4%13.3%12.3%
HV 20d32.1%25.5%39.8%33.6%26.6%
HV 60d43.2%42.5%44.0%42.9%42.5%
IV Rank27.0%21.3%32.1%32.1%22.7%
IV Percentile39.7%23.8%54.8%54.8%27.8%
Term Structure2.3%-3.8%5.2%-3.8%5.0%
VWIV44.3%41.7%46.9%46.9%42.9%
Skew 25d1.5%-1.0%3.8%-1.0%1.1%
Skew 10d4.6%-1.2%12.2%9.2%7.2%
Call IV 25d43.1%39.9%50.4%50.4%41.0%
Put IV 25d44.6%41.2%49.8%49.3%42.1%
Bid-Ask Spread %17.906.5929.3712.776.59
Gamma HHI0.270.200.320.300.29
Net GEX4.5M511.5K9.0M9.0M3.3M
Net DEX-131.0M-318.5M-47.7M-318.5M-109.4M
Net VEX-1.3M-1.3M-1.2M-1.3M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.0413.870.200.69
Total Volume36,382.6673,190170,73370,30422,041
Total OI1,034,446.19911,5701,146,768947,370943,919

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-06-02$9.71$7.0047.4%13.3%33.6%32.1%46.9%-1.0%-3.8%9.0M-318.5M-1.3M0.2012.77N/AN/A58,72411,580662,671284,699
2014-06-03$9.50$7.0042.1%13.4%35.0%27.2%46.3%1.5%-1.4%8.3M-273.9M-1.3M0.1416.16N/AN/A53,0977,604660,212293,689
2014-06-04$9.40$7.0044.8%13.3%35.1%29.7%46.5%0.2%0.4%8.6M-261.7M-1.3M0.8513.96N/AN/A3,0382,572690,200297,273
2014-06-05$9.02$7.0041.3%13.2%38.6%26.5%45.7%-0.1%3.5%7.5M-192.8M-1.3M0.6612.00N/AN/A102,97567,758691,125298,257
2014-06-06$8.78$0.0040.7%13.0%39.8%26.0%45.1%1.1%1.2%6.0M-142.1M-1.3M1.4624.11N/AN/A14,07820,522729,219358,158
2014-06-09$8.77$10.0044.9%12.7%39.8%29.7%42.3%2.0%1.2%5.7M-132.1M-1.3M0.6821.84N/AN/A6,0304,087730,485362,654
2014-06-10$8.84$10.0042.9%12.8%39.4%28.0%0.0%1.2%2.4%6.6M-150.4M-1.3M0.0429.37N/AN/A50,2522,093733,436364,724
2014-06-11$8.75$10.0042.9%12.7%39.4%28.0%44.4%1.6%2.4%5.4M-130.9M-1.3M1.1321.87N/AN/A1,7661,990731,531365,746
2014-06-12$8.59$10.0042.1%12.8%39.8%27.2%0.0%1.2%2.4%4.1M-100.9M-1.3M0.6320.77N/AN/A13,5938,605731,889366,998
2014-06-13$8.73$10.0042.8%12.4%33.7%27.8%41.7%3.8%2.0%4.7M-118.4M-1.3M0.5325.80N/AN/A19,18910,136727,300373,985
2014-06-16$8.61$10.0042.6%12.8%27.9%27.7%44.7%2.8%3.2%4.0M-94.9M-1.2M13.8721.31N/AN/A2,73437,914725,948378,339
2014-06-17$8.64$10.0042.3%12.6%27.5%27.4%0.0%2.3%2.4%3.1M-88.0M-1.2M1.5123.48N/AN/A5,0357,603722,982411,618
2014-06-18$8.52$10.0041.9%12.7%27.5%27.0%0.0%2.4%2.4%2.0M-64.5M-1.2M1.2425.78N/AN/A1,4221,768723,437418,476
2014-06-19$8.46$10.0042.2%13.4%26.9%27.3%43.6%2.1%1.9%511.5K-48.3M-1.2M0.9719.74N/AN/A8,9598,705720,331417,960
2014-06-20$8.41$10.0043.0%13.3%26.9%28.1%43.8%1.6%1.6%945.7K-47.7M-1.2M0.1819.97N/AN/A100,37117,949725,325421,443
2014-06-23$8.36$0.0040.2%12.8%25.5%25.5%43.4%1.6%3.7%2.9M-86.0M-1.2M0.4512.03N/AN/A11,2845,034568,327343,243
2014-06-24$8.24$9.0039.7%12.6%25.7%25.0%44.3%2.7%3.8%2.3M-65.4M-1.2M0.167.80N/AN/A39,3266,111570,256346,455
2014-06-25$8.54$13.0040.1%12.2%29.6%25.4%43.2%2.7%4.4%3.5M-115.1M-1.3M0.457.18N/AN/A10,0964,533587,244351,657
2014-06-26$8.41$10.0041.2%12.6%27.7%26.4%0.0%1.7%3.7%3.1M-98.7M-1.3M0.3419.32N/AN/A2,486847591,918352,934
2014-06-27$8.51$10.0035.6%12.3%27.7%21.3%42.9%0.1%5.2%3.3M-110.9M-1.3M0.5813.99N/AN/A6,4133,716593,896353,411
2014-06-30$8.53$10.0037.1%12.3%26.6%22.7%0.0%1.1%5.0%3.3M-109.4M-1.2M0.696.59N/AN/A13,0069,035591,413352,506