S Options History — May 2019

In May 2019, S traded between $5.52 and $7.33. ATM implied volatility averaged 81.8%, placing in the 41.4% IV rank vs the trailing year. The 30-day expected move averaged 23.5%. IV traded above realized volatility by 27.1% (HV 20d: 54.7%). Max pain ranged from $6.00 to $7.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 4.06.

Notable Days

  • 2019-05-20: Highest Volume — 183,352 contracts
  • 2019-05-20: Largest IV drop — 20.6% change
  • 2019-05-31: Highest IV Rank — 49.7%
  • 2019-05-31: Largest Expected Move — 27.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.34$5.52$7.33$5.57$6.89
Max Pain$6.14$6.00$7.00$7.00$6.00
ATM IV81.8%72.2%96.3%82.6%96.3%
Expected Move23.5%20.1%27.7%21.0%27.7%
HV 20d54.7%37.1%76.1%37.8%76.1%
HV 60d42.5%32.7%53.9%34.7%53.8%
IV Rank41.4%36.0%49.7%41.9%49.7%
IV Percentile89.8%82.5%95.6%92.5%95.6%
Term Structure3.1%-5.4%11.6%4.1%1.7%
VWIV93.8%70.4%118.0%72.2%117.7%
Skew 25d24.1%6.6%48.1%16.8%48.1%
Skew 10d53.2%8.0%112.3%39.3%112.3%
Call IV 25d68.7%59.4%78.7%70.6%78.7%
Put IV 25d92.7%75.2%126.9%87.3%126.9%
Bid-Ask Spread %14.708.6524.6110.5824.61
Gamma HHI0.260.210.390.310.24
Net GEX-1.2M-2.4M-333.9K-922.7K-1.2M
Net DEX25.6M-21.0M59.1M40.1M27.2M
Net VEX-428.1K-581.7K-318.7K-332.8K-581.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.060.7321.011.111.07
Total Volume44,827.0916,596183,3526,59652,448
Total OI621,866.045501,207717,907529,813717,907

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$5.57$7.0082.6%21.0%37.8%41.9%72.2%16.8%4.1%-922.7K40.1M-332.8K1.1110.58N/AN/A3,1333,463210,249319,564
2019-05-02$5.52$7.0077.3%20.1%37.7%38.9%70.4%6.6%8.4%-1.1M43.3M-318.7K9.4010.90N/AN/A2,42022,737211,164318,881
2019-05-03$5.78$7.0074.7%20.1%40.7%37.4%70.7%9.3%10.0%-1.0M37.2M-340.8K0.7310.08N/AN/A4,1603,030211,953337,878
2019-05-06$5.71$6.0083.0%24.0%41.0%42.1%90.3%16.0%3.6%-1.0M41.0M-332.9K7.9313.55N/AN/A3,25725,829209,306336,802
2019-05-07$5.76$6.0085.3%25.0%40.1%43.4%93.3%16.6%-0.5%-1.0M38.2M-333.1K21.0120.13N/AN/A2,88360,567211,937339,042
2019-05-08$5.59$6.0086.7%25.4%41.3%44.2%89.7%17.6%0.2%-1.6M59.1M-389.1K7.3812.92N/AN/A3,50325,861213,364410,314
2019-05-09$5.94$6.0074.8%24.1%46.5%37.4%84.2%10.8%-1.4%-1.5M42.7M-370.9K1.338.65N/AN/A22,33929,602215,358397,380
2019-05-10$6.10$6.0073.3%22.5%47.4%36.6%90.8%15.8%0.6%-1.4M33.8M-393.6K1.5112.24N/AN/A13,71720,731224,497420,577
2019-05-13$6.10$6.0080.6%24.3%46.2%40.7%97.4%21.4%0.3%-1.4M33.8M-379.7K2.1017.95N/AN/A3,1476,613221,497419,277
2019-05-14$5.99$6.0085.7%26.0%43.9%43.6%95.4%19.0%1.6%-1.7M41.4M-395.2K2.1214.38N/AN/A8,85418,800228,282435,676
2019-05-15$6.05$6.0081.4%24.9%43.0%41.2%87.9%17.6%3.8%-1.9M35.9M-408.6K3.8511.69N/AN/A5,02419,321232,150448,792
2019-05-16$6.05$6.0080.8%25.4%37.1%40.9%95.5%23.7%9.2%-2.4M38.1M-405.3K2.5714.23N/AN/A7,86720,254230,514460,990
2019-05-17$6.16$6.0091.0%27.4%37.3%46.6%99.4%19.3%7.0%-716.8K21.9M-412.5K4.7415.41N/AN/A13,09162,062237,336471,575
2019-05-20$7.33$6.0072.2%20.4%71.1%36.0%93.3%29.3%3.7%-333.9K-21.0M-410.1K3.0115.05N/AN/A45,734137,618119,757381,450
2019-05-21$7.16$6.0074.2%21.2%70.6%37.1%93.9%27.1%2.4%-467.4K-15.6M-462.0K1.7615.98N/AN/A27,35548,268147,296431,524
2019-05-22$6.79$6.0074.6%21.4%73.6%37.3%101.0%29.9%11.6%-1.2M16.6M-502.8K4.0320.69N/AN/A16,69767,265135,845465,077
2019-05-23$6.94$6.0079.2%22.4%73.5%39.9%87.3%38.2%7.0%-1.1M14.5M-530.8K2.7112.84N/AN/A18,71550,725145,958496,716
2019-05-24$7.14$6.0075.6%21.2%73.7%37.9%97.6%33.2%4.4%-929.4K374.0K-537.3K2.3217.56N/AN/A11,03125,602151,400514,575
2019-05-28$7.03$6.0087.2%23.2%73.8%44.5%118.0%35.9%-0.2%-1.0M7.0M-522.0K2.1013.40N/AN/A8,51717,910144,008508,039
2019-05-29$6.80$6.0090.4%23.9%75.5%46.3%108.6%39.3%-5.4%-1.2M17.5M-536.7K4.869.86N/AN/A3,00814,630148,510524,589
2019-05-30$7.03$6.0092.5%25.3%75.6%47.5%109.3%38.0%-5.0%-1.1M9.2M-522.1K1.7420.67N/AN/A10,37518,033149,670524,377
2019-05-31$6.89$6.0096.3%27.7%76.1%49.7%117.7%48.1%1.7%-1.2M27.2M-581.7K1.0724.61N/AN/A25,30427,144162,105555,802