S Options History — February 2019

In February 2019, S traded between $5.85 and $6.47. ATM implied volatility averaged 37.8%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 8.4% (HV 20d: 29.4%). Max pain ranged from $6.00 to $6.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 1.64.

Notable Days

  • 2019-02-21: Highest Volume — 25,217 contracts
  • 2019-02-21: Largest IV spike — 24.0% change
  • 2019-02-28: Highest IV Rank — 25.4%
  • 2019-02-28: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.20$5.85$6.47$6.21$6.34
Max Pain$6.00$6.00$6.00$6.00$6.00
ATM IV37.8%31.1%53.6%37.3%53.6%
Expected Move10.4%8.4%14.9%9.9%14.9%
HV 20d29.4%22.6%31.5%24.9%29.5%
HV 60d29.1%28.0%29.9%28.3%28.6%
IV Rank16.4%12.6%25.4%16.1%25.4%
IV Percentile51.9%26.2%93.7%52.0%93.7%
Term Structure0.5%-7.5%5.2%1.9%-1.0%
VWIV37.8%30.2%59.5%30.2%52.9%
Skew 25d11.2%-9.2%20.1%12.8%20.1%
Skew 10d23.3%-14.7%94.4%20.3%51.5%
Call IV 25d32.5%23.6%49.4%25.7%49.4%
Put IV 25d43.7%28.3%69.5%38.5%69.5%
Bid-Ask Spread %12.897.3815.3912.8215.23
Gamma HHI0.280.240.340.310.24
Net GEX-58.8K-669.2K607.9K-200.5K391.1K
Net DEX9.1M1.6M19.0M6.5M2.8M
Net VEX-297.2K-362.9K-249.9K-291.8K-362.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.640.106.401.630.26
Total Volume9,623.1581,70725,2173,06113,199
Total OI271,796.737244,199328,657244,199328,657

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$6.21$6.0037.3%9.9%24.9%16.1%30.2%12.8%1.9%-200.5K6.5M-291.8K1.6312.82N/AN/A1,1651,896118,616125,583
2019-02-04$6.23$6.0038.2%9.4%22.6%16.7%32.9%14.9%-7.5%-225.6K8.2M-272.4K4.0412.12N/AN/A3901,574118,029126,952
2019-02-05$5.88$6.0033.8%9.7%29.6%14.1%33.8%14.9%-0.0%-488.0K16.5M-252.2K1.1513.73N/AN/A2,0392,340118,200126,476
2019-02-06$5.85$6.0035.0%10.3%29.6%14.8%36.3%12.0%1.1%-528.0K18.3M-251.8K0.7513.61N/AN/A2,2661,699119,554128,306
2019-02-07$5.88$6.0032.6%9.6%29.7%13.5%33.4%15.9%1.0%-493.9K19.0M-253.1K0.6414.09N/AN/A1,040667120,524129,353
2019-02-08$5.92$6.0035.0%10.0%29.7%14.8%35.4%18.6%0.4%-590.4K18.7M-249.9K0.6513.10N/AN/A1,7741,158120,789129,887
2019-02-11$5.93$6.0034.0%9.7%29.4%14.3%34.0%-9.2%3.8%-639.3K18.2M-251.7K1.8614.54N/AN/A1,1832,205120,292129,566
2019-02-12$6.12$6.0031.7%9.0%31.5%13.0%31.5%9.0%5.2%-669.2K11.3M-271.7K0.6614.36N/AN/A4,4472,913120,878131,667
2019-02-13$6.13$6.0031.1%8.9%30.5%12.6%31.1%1.9%2.7%-617.2K10.3M-274.7K0.977.38N/AN/A1,6281,586123,498134,246
2019-02-14$6.21$6.0031.3%8.8%30.2%12.7%38.4%-3.5%4.4%-357.1K7.1M-282.0K0.1013.27N/AN/A18,5621,780124,017135,516
2019-02-15$6.34$6.0033.4%10.0%30.9%13.9%32.6%15.2%-2.6%272.1K5.2M-290.5K0.919.33N/AN/A7,3696,722140,754136,926
2019-02-19$6.35$6.0031.3%8.4%30.9%12.7%32.9%15.8%1.2%320.6K5.6M-298.5K3.3511.82N/AN/A3,83212,848135,210126,945
2019-02-20$6.39$6.0035.2%9.2%30.7%15.0%38.9%6.7%1.9%347.9K6.8M-318.7K3.8615.39N/AN/A1,2474,812138,357142,366
2019-02-21$6.47$6.0043.7%12.5%29.8%19.8%38.4%14.6%-0.6%448.2K1.6M-342.7K0.7113.84N/AN/A14,74010,477139,354146,024
2019-02-22$6.42$6.0041.0%11.3%29.9%18.2%40.6%6.7%1.1%521.0K2.8M-347.7K2.5311.47N/AN/A3,3888,581152,145150,820
2019-02-25$6.46$6.0043.2%11.2%29.8%19.5%38.5%14.3%-2.0%607.9K1.8M-347.3K0.2613.33N/AN/A7,1831,846151,312151,685
2019-02-26$6.34$6.0046.0%11.5%29.4%21.1%46.3%14.7%-2.5%398.7K7.7M-333.4K6.4014.42N/AN/A2,10713,484154,198152,045
2019-02-27$6.32$6.0050.9%13.8%29.5%23.9%59.5%16.5%0.9%383.6K5.4M-353.8K0.3910.96N/AN/A13,4015,292154,464160,927
2019-02-28$6.34$6.0053.6%14.9%29.5%25.4%52.9%20.1%-1.0%391.1K2.8M-362.9K0.2615.23N/AN/A10,4392,760161,919166,738