S Options History — August 2016

In August 2016, S traded between $5.93 and $6.23. ATM implied volatility averaged 49.0%, placing in the 5.1% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 22.7% (HV 20d: 71.7%). Max pain ranged from $4.00 to $6.00. Net GEX was positive for 11 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 2.84.

Notable Days

  • 2016-08-02: Highest Volume — 61,830 contracts
  • 2016-08-18: Largest IV drop — 6.1% change
  • 2016-08-02: Highest IV Rank — 16.3%
  • 2016-08-02: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.11$5.93$6.23$6.14$6.19
Max Pain$5.74$4.00$6.00$4.00$6.00
ATM IV49.0%45.3%55.0%54.8%48.6%
Expected Move13.8%12.0%16.3%15.5%12.5%
HV 20d71.7%18.2%98.3%97.5%18.2%
HV 60d64.4%64.0%65.3%64.9%64.1%
IV Rank5.1%0.0%16.3%15.9%6.8%
IV Percentile2.7%0.0%11.1%9.9%5.6%
Term Structure0.1%-2.8%1.8%-2.8%-0.7%
VWIV48.7%41.6%56.8%54.5%42.8%
Skew 25d3.8%-0.4%11.9%4.2%1.8%
Skew 10d15.4%-1.1%33.6%16.2%7.3%
Call IV 25d48.7%39.4%55.3%54.2%49.5%
Put IV 25d52.5%47.4%60.7%58.3%51.3%
Bid-Ask Spread %4.763.356.745.725.55
Gamma HHI0.240.150.580.170.22
Net GEX-15.0K-1.1M555.2K555.2K-47.5K
Net DEX-87.2M-104.4M-58.9M-103.4M-73.6M
Net VEX-515.5K-549.3K-431.6K-431.6K-542.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.841.275.502.822.22
Total Volume29,285.8267,71661,83032,92724,772
Total OI530,403.348471,737605,673471,737512,411

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-08-01$6.14$4.0054.8%15.5%97.5%15.9%54.5%4.2%-2.8%555.2K-103.4M-431.6K2.825.72N/AN/A8,62924,298250,880220,857
2016-08-02$5.96$4.0055.0%16.3%98.3%16.3%56.7%5.4%0.2%546.0K-93.7M-442.8K4.426.74N/AN/A11,40350,427253,931222,929
2016-08-03$6.08$4.0054.2%15.4%97.7%14.6%55.3%3.9%-1.1%396.5K-93.8M-472.3K3.935.60N/AN/A5,22520,521254,530253,347
2016-08-04$6.22$6.0051.7%15.0%97.6%9.2%52.8%5.7%-1.4%410.0K-102.0M-462.2K1.275.07N/AN/A22,00828,056255,788254,392
2016-08-05$6.18$6.0052.2%15.0%97.7%10.3%52.4%2.1%-1.2%183.7K-104.4M-516.0K5.094.88N/AN/A5,79129,451273,478268,560
2016-08-08$6.20$6.0051.5%14.7%97.5%8.8%51.2%1.9%-0.4%236.5K-103.0M-524.2K2.933.54N/AN/A6,58719,321271,855271,879
2016-08-09$6.19$6.0050.9%14.4%97.3%7.4%50.1%3.4%-0.2%253.0K-103.5M-510.5K5.503.35N/AN/A3,63319,991273,306273,366
2016-08-10$6.16$6.0049.4%14.3%97.5%4.3%50.0%-0.4%0.1%162.7K-102.2M-512.7K4.873.47N/AN/A3,88218,909273,452275,254
2016-08-11$6.09$6.0048.5%14.2%97.7%2.2%56.8%3.5%1.0%36.7K-97.1M-525.7K2.103.84N/AN/A17,84437,429274,498276,589
2016-08-12$6.09$6.0048.4%13.8%97.6%1.9%47.5%4.6%-0.1%275.6K-96.0M-528.5K5.013.73N/AN/A4,43022,197288,407294,802
2016-08-15$6.16$6.0048.8%14.0%94.4%3.0%49.3%4.1%0.6%317.4K-100.5M-514.0K2.723.67N/AN/A5,92516,108284,382292,699
2016-08-16$6.06$6.0047.2%13.6%92.6%0.0%49.6%3.1%1.1%-158.8K-94.6M-516.6K1.755.10N/AN/A11,44920,028286,070293,517
2016-08-17$6.01$6.0049.1%14.1%92.9%4.2%51.3%4.1%-0.8%-447.4K-91.0M-527.1K1.656.29N/AN/A10,25016,936292,883298,948
2016-08-18$6.02$6.0046.1%13.1%93.0%0.0%48.5%4.1%1.4%-1.1M-90.9M-537.8K1.325.91N/AN/A3,3324,399292,880312,251
2016-08-19$5.93$6.0046.4%13.2%93.5%0.5%48.1%1.8%0.9%-341.0K-80.3M-530.4K3.583.92N/AN/A6,30122,556293,886311,787
2016-08-22$6.04$6.0046.3%12.5%40.2%0.3%45.1%5.2%1.4%-397.3K-58.9M-524.6K1.884.28N/AN/A10,87020,464211,653262,636
2016-08-23$6.12$6.0045.8%12.3%37.1%0.0%41.6%3.7%0.2%-336.9K-66.7M-530.1K2.614.03N/AN/A7,39819,311219,788264,226
2016-08-24$6.09$6.0045.3%12.5%26.0%0.0%44.3%11.9%1.1%-251.5K-66.2M-536.1K1.736.60N/AN/A2,8244,892222,777265,283
2016-08-25$6.17$6.0045.5%12.0%23.0%0.5%41.7%5.4%1.8%-183.3K-69.4M-540.5K2.595.17N/AN/A6,65717,269224,390269,576
2016-08-26$6.15$6.0045.9%12.5%21.3%1.3%42.1%4.5%1.6%-243.1K-69.4M-541.5K1.604.28N/AN/A10,06016,144226,815271,002
2016-08-29$6.23$6.0047.8%13.2%21.8%5.1%45.2%3.9%-0.1%-34.2K-73.3M-538.9K1.374.75N/AN/A13,53818,580228,025269,168
2016-08-30$6.15$6.0047.1%12.5%19.3%3.8%42.1%0.1%0.1%-157.7K-71.5M-549.3K2.244.00N/AN/A7,23716,242237,154272,970
2016-08-31$6.19$6.0048.6%12.5%18.2%6.8%42.8%1.8%-0.7%-47.5K-73.6M-542.9K2.225.55N/AN/A7,70217,070238,952273,459