S Options History — July 2014

In July 2014, S traded between $7.35 and $8.60. ATM implied volatility averaged 47.6%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 19.8% (HV 20d: 27.9%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.59.

Notable Days

  • 2014-07-31: Highest Volume — 127,966 contracts
  • 2014-07-30: Largest IV drop — 34.2% change
  • 2014-07-29: Highest IV Rank — 58.5%
  • 2014-07-02: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.07$7.35$8.60$8.53$7.35
Max Pain$9.05$9.00$10.00$10.00$9.00
ATM IV47.6%27.7%81.1%31.0%67.8%
Expected Move12.3%11.8%12.9%12.2%12.6%
HV 20d27.9%21.5%38.1%26.1%38.1%
HV 60d38.0%30.0%42.4%42.4%33.8%
IV Rank27.7%14.2%58.5%17.1%45.0%
IV Percentile51.6%3.6%98.0%7.5%95.6%
Term Structure-2.9%-6.8%6.1%6.0%-5.7%
VWIV42.9%39.9%48.4%45.6%45.4%
Skew 25d0.1%-3.4%3.6%-0.6%2.5%
Skew 10d-3.9%-20.9%17.3%2.5%1.6%
Call IV 25d46.5%33.6%60.6%39.6%60.6%
Put IV 25d46.6%32.8%63.1%39.0%63.1%
Bid-Ask Spread %26.355.8348.166.7638.46
Gamma HHI0.280.220.330.280.24
Net GEX1.1M-2.7M3.5M3.4M596.3K
Net DEX-41.8M-123.4M29.1M-115.6M29.1M
Net VEX-1.1M-1.2M-844.8K-1.2M-844.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.590.045.042.851.04
Total Volume27,018.8644,972127,96610,862127,966
Total OI943,318.909841,7761,010,036959,368869,259

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$8.53$10.0031.0%12.2%26.1%17.1%45.6%-0.6%6.0%3.4M-115.6M-1.2M2.856.76N/AN/A2,8258,037598,643360,725
2014-07-02$8.48$9.0027.7%12.9%26.0%14.2%41.4%3.1%4.5%3.0M-103.6M-1.2M1.8813.89N/AN/A1,7243,248599,718365,916
2014-07-03$8.60$9.0033.8%12.2%23.0%19.7%0.0%-0.2%6.1%3.5M-123.4M-1.2M0.885.83N/AN/A3,7963,351600,350367,630
2014-07-07$8.50$9.0040.7%12.8%21.5%25.9%44.7%3.6%-3.5%3.0M-108.6M-1.2M4.2615.85N/AN/A1,8227,760599,412366,165
2014-07-08$8.32$9.0039.6%12.6%22.6%24.4%42.6%2.6%-3.6%2.0M-78.2M-1.1M0.0514.60N/AN/A105,7064,851600,352368,933
2014-07-09$8.41$9.0037.3%12.4%22.8%22.2%42.3%-0.0%-3.8%1.6M-80.6M-1.2M2.848.53N/AN/A4,78213,593620,148369,201
2014-07-10$8.25$9.0046.2%12.7%23.4%30.4%43.9%0.9%-3.5%854.4K-60.0M-1.2M0.3114.77N/AN/A16,5115,065625,692380,872
2014-07-11$8.55$9.0046.7%11.9%26.4%30.9%41.5%1.1%-5.6%3.2M-111.7M-1.2M0.4325.93N/AN/A16,9467,216625,140382,880
2014-07-14$8.44$9.0048.1%12.5%26.0%25.3%43.2%0.1%-4.8%2.4M-96.9M-1.2M1.4337.22N/AN/A6,1688,799625,572384,010
2014-07-15$8.11$9.0047.3%12.2%29.1%24.5%41.1%0.4%-4.9%-926.9K-38.0M-1.1M1.8629.03N/AN/A7,65314,242626,619383,417
2014-07-16$8.14$9.0047.9%12.3%29.1%25.0%48.4%0.9%-6.5%-919.2K-42.8M-1.1M1.4937.73N/AN/A3,1894,758627,418380,168
2014-07-17$8.00$9.0050.0%12.5%29.3%27.2%39.9%-1.9%-6.7%-2.5M-21.7M-1.1M0.9444.42N/AN/A3,7193,502624,430379,571
2014-07-18$7.90$9.0045.4%12.3%29.4%22.5%41.5%-3.4%-2.8%-2.7M6.2M-1.0M3.7243.28N/AN/A7,67328,516622,177379,142
2014-07-21$7.67$9.0043.8%12.1%30.8%20.9%41.3%-0.8%-3.4%727.1K7.2M-932.4K0.3829.87N/AN/A24,2139,157513,660328,116
2014-07-22$7.64$9.0048.1%12.4%30.8%25.2%43.1%0.6%-6.8%813.9K9.5M-954.7K4.6928.13N/AN/A4,54321,329525,762332,359
2014-07-23$7.68$9.0047.1%12.5%30.8%24.2%43.4%-0.4%-4.8%511.8K12.4M-954.5K0.3326.55N/AN/A6,4152,091528,651348,876
2014-07-24$7.77$9.0047.2%12.1%27.7%24.3%42.0%-0.3%-4.6%1.1M2.6M-962.8K0.3528.44N/AN/A5,1241,802533,605349,759
2014-07-25$7.72$9.0052.5%12.3%27.5%29.7%0.0%-0.6%-3.9%520.3K10.3M-938.2K0.0431.03N/AN/A6,801297535,000350,869
2014-07-28$7.64$9.0065.4%12.4%26.9%42.7%43.4%-2.3%-3.5%399.7K16.8M-910.5K0.0628.40N/AN/A9,456571533,287350,626
2014-07-29$8.00$9.0081.1%12.1%32.4%58.5%42.9%-1.4%-4.8%2.0M-37.6M-972.1K0.1348.16N/AN/A15,7432,013538,493350,806
2014-07-30$7.76$9.0053.3%11.8%33.8%30.5%41.2%-0.8%3.3%1.5M4.5M-878.9K5.0422.81N/AN/A10,16951,273548,281351,306
2014-07-31$7.35$9.0067.8%12.6%38.1%45.0%45.4%2.5%-5.7%596.3K29.1M-844.8K1.0438.46N/AN/A62,80465,162549,969319,290