S Options History — June 2016

In June 2016, S traded between $3.64 and $4.53. ATM implied volatility averaged 53.6%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 16.4% (HV 20d: 37.2%). Max pain ranged from $3.50 to $4.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.87.

Notable Days

  • 2016-06-09: Highest Volume — 25,123 contracts
  • 2016-06-16: Largest IV spike — 15.9% change
  • 2016-06-24: Highest IV Rank — 41.3%
  • 2016-06-24: Largest Expected Move — 18.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.97$3.64$4.53$3.76$4.53
Max Pain$3.95$3.50$4.00$3.50$4.00
ATM IV53.6%47.5%61.7%56.0%56.7%
Expected Move15.3%13.5%18.6%15.7%14.9%
HV 20d37.2%28.0%49.8%38.2%49.5%
HV 60d45.7%41.4%48.7%48.7%43.9%
IV Rank26.0%15.9%41.3%31.4%25.6%
IV Percentile15.7%5.6%41.3%19.0%19.4%
Term Structure1.4%-7.2%9.6%-3.5%-7.2%
VWIV52.8%47.2%62.5%55.6%48.8%
Skew 25d3.9%-4.9%16.0%-4.9%13.5%
Skew 10d8.9%-10.0%38.4%-10.0%2.4%
Call IV 25d52.1%38.3%62.8%57.1%52.8%
Put IV 25d56.0%48.4%66.3%52.2%66.3%
Bid-Ask Spread %15.466.7727.366.7713.49
Gamma HHI0.410.260.570.490.26
Net GEX417.5K262.6K625.8K450.9K364.0K
Net DEX-15.9M-33.4M-5.7M-10.0M-33.4M
Net VEX-283.3K-313.0K-259.5K-270.7K-312.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.870.297.160.490.72
Total Volume15,293.7737,48625,12316,04013,130
Total OI325,015.818313,349342,052313,815342,052

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-06-01$3.76$3.5056.0%15.7%38.2%31.4%55.6%-4.9%-3.5%450.9K-10.0M-270.7K0.496.77N/AN/A10,7855,255166,691147,124
2016-06-02$3.74$4.0054.8%16.1%31.9%29.4%54.3%-2.4%5.2%509.3K-10.8M-277.1K2.019.44N/AN/A2,4914,995175,322147,676
2016-06-03$3.78$4.0052.8%14.8%31.5%25.7%51.8%2.8%-0.4%540.1K-10.9M-273.0K2.1519.54N/AN/A2,4175,198175,622147,700
2016-06-06$3.84$4.0050.5%14.8%30.8%21.5%49.3%1.6%1.0%549.9K-12.6M-275.6K1.7021.26N/AN/A2,7824,716174,013146,761
2016-06-07$3.91$3.5048.9%14.3%28.0%18.6%49.7%1.7%1.1%625.8K-15.2M-278.8K0.4523.11N/AN/A11,5085,126174,783146,913
2016-06-08$3.79$4.0049.6%14.0%30.1%19.8%49.1%1.6%-0.8%561.0K-11.0M-273.7K1.3221.77N/AN/A3,6894,873174,283147,790
2016-06-09$3.81$4.0049.2%13.6%29.8%19.1%47.3%2.0%-1.9%599.0K-11.4M-271.5K5.6020.39N/AN/A3,80421,319175,141147,940
2016-06-10$3.70$4.0053.9%16.1%32.1%27.7%48.5%-0.1%6.5%358.2K-6.7M-266.3K6.7912.08N/AN/A3,06820,832175,459148,352
2016-06-13$3.64$4.0054.0%15.2%32.2%27.9%54.7%4.5%9.6%295.8K-5.8M-263.6K7.1610.78N/AN/A2,87320,577173,950147,889
2016-06-14$3.69$4.0052.1%14.9%32.4%24.3%51.9%6.6%7.1%262.6K-5.7M-259.5K3.359.67N/AN/A3,08510,331174,198148,053
2016-06-15$3.79$4.0047.6%13.6%33.4%16.2%49.7%16.0%5.0%496.9K-8.1M-263.7K2.9225.88N/AN/A3,46210,111174,479148,523
2016-06-16$3.71$4.0055.2%15.9%32.3%30.0%55.1%0.7%-1.4%281.3K-6.3M-261.5K0.3416.38N/AN/A13,4724,560175,120148,606
2016-06-17$3.72$4.0055.5%15.7%30.9%30.6%53.4%1.6%1.8%329.9K-9.0M-275.6K1.0912.42N/AN/A4,3934,784185,623148,793
2016-06-20$3.86$4.0047.5%13.5%32.2%15.9%47.2%14.4%0.2%371.0K-12.2M-278.1K0.3920.13N/AN/A6,7752,647167,477145,872
2016-06-21$4.18$4.0052.7%15.5%41.9%25.5%52.2%3.1%-1.1%408.5K-23.3M-298.2K0.5011.84N/AN/A10,1015,066169,999146,206
2016-06-22$4.37$4.0053.8%15.9%42.3%27.4%57.0%6.7%-0.4%397.5K-28.5M-302.2K0.4912.53N/AN/A16,6888,251170,224148,007
2016-06-23$4.39$4.0054.8%15.3%42.2%28.6%56.6%4.5%2.7%401.4K-29.3M-309.8K0.5412.24N/AN/A8,2144,456176,644151,060
2016-06-24$4.13$4.0061.7%18.6%48.8%41.3%62.5%1.9%-1.0%366.9K-21.3M-302.1K1.2527.36N/AN/A8,50510,659177,867151,862
2016-06-27$4.18$4.0060.1%17.5%48.7%35.6%57.2%3.9%3.0%326.9K-20.4M-301.0K0.8611.68N/AN/A11,3789,797175,797157,421
2016-06-28$4.34$4.0056.1%15.9%49.3%26.0%54.2%0.2%4.0%332.6K-26.1M-305.2K0.2913.26N/AN/A13,7153,985176,582157,288
2016-06-29$4.48$4.0055.0%15.8%49.8%23.8%55.4%6.4%1.7%354.8K-32.4M-313.0K0.758.08N/AN/A7,1875,403181,844157,342
2016-06-30$4.53$4.0056.7%14.9%49.5%25.6%48.8%13.5%-7.2%364.0K-33.4M-312.5K0.7213.49N/AN/A7,6235,507182,599159,453