SANM Options History — April 2008

In April 2008, SANM traded between $8.52 and $9.84. ATM implied volatility averaged 70.8%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 20.3%. IV traded below realized volatility by 9.4% (HV 20d: 80.3%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.13.

Notable Days

  • 2008-04-01: Highest Volume — 60 contracts
  • 2008-04-24: Largest IV drop — 14.1% change
  • 2008-04-23: Highest IV Rank — 29.1%
  • 2008-04-23: Largest Expected Move — 22.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.14$8.52$9.84$9.48$9.30
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV70.8%60.6%78.5%71.2%60.6%
Expected Move20.3%17.4%22.5%20.4%17.4%
HV 20d80.3%48.3%95.5%87.3%48.3%
HV 60d89.8%76.2%102.8%101.3%76.2%
IV Rank23.8%16.7%29.1%24.0%16.7%
IV Percentile56.3%28.6%76.2%57.9%28.6%
Term Structure11.2%5.0%19.3%11.0%17.7%
VWIV70.9%65.6%74.5%68.6%65.6%
Bid-Ask Spread %20.8511.6828.3528.3517.09
Gamma HHI0.340.330.360.350.36
Net GEX2.5K2.0K3.0K2.5K2.0K
Net DEX18.5K-69.4K64.0K52.5K51.1K
Net VEX-5.5K-6.1K-4.9K-5.4K-5.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.002.000.000.00
Total Volume8.591060601
Total OI3,353.2273,2853,3803,2853,380

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-04-01$9.48$15.0071.2%20.4%87.3%24.0%0.0%0.0%11.0%2.5K52.5K-5.4K0.0028.356002,690595
2008-04-02$8.52$15.0074.8%21.4%94.0%26.5%0.0%0.0%10.7%2.1K53.8K-4.9K0.0023.211602,718595
2008-04-03$8.94$15.0071.4%20.5%95.5%24.2%0.0%0.0%16.5%2.2K57.5K-5.1K0.0023.35102,734595
2008-04-04$9.30$15.0068.2%19.5%95.1%21.9%68.6%0.0%19.3%2.2K64.0K-5.3K0.0022.421802,735595
2008-04-07$9.36$15.0074.1%21.3%95.0%26.1%74.3%0.0%5.9%2.7K25.2K-5.7K0.0011.683302,741595
2008-04-08$9.30$15.0068.5%19.6%94.7%22.2%0.0%0.0%8.7%2.4K61.1K-5.5K0.0023.59002,770595
2008-04-09$9.18$15.0070.7%20.3%94.6%23.7%0.0%0.0%6.5%2.5K54.9K-5.5K0.0021.63202,770595
2008-04-10$8.82$15.0072.4%20.7%95.2%24.8%73.2%0.0%6.3%2.4K43.2K-5.2K0.0022.67102,770595
2008-04-11$8.64$15.0075.8%21.7%95.3%27.3%0.0%0.0%5.6%2.6K22.4K-5.4K0.0022.07002,770595
2008-04-14$8.88$15.0074.0%21.2%90.5%26.0%72.7%0.0%10.1%2.6K-10.2K-5.6K0.0022.67402,758587
2008-04-15$8.70$15.0075.4%21.6%89.5%26.9%0.0%0.0%8.7%2.5K-10.4K-5.4K0.0021.10002,756587
2008-04-16$8.94$15.0073.0%20.9%82.2%25.3%0.0%0.0%8.8%2.5K466-5.5K0.0022.26002,756587
2008-04-17$8.94$15.0073.2%21.0%82.2%25.4%73.7%0.0%5.0%2.5K14.1K-5.5K2.0022.26232,756587
2008-04-18$9.12$15.0065.8%18.9%81.3%20.3%0.0%0.0%9.6%2.1K57.3K-5.1K0.0015.751002,758590
2008-04-21$8.88$15.0074.5%21.4%75.6%26.3%74.5%0.0%10.6%2.6K-18.7K-5.5K0.0022.671502,768590
2008-04-22$9.18$15.0070.5%20.2%64.0%23.6%71.2%0.0%16.1%2.4K-5.4K-5.6K0.0022.421002,768590
2008-04-23$8.88$15.0078.5%22.5%64.3%29.1%0.0%0.0%5.3%3.0K-69.4K-5.8K0.0013.91002,790590
2008-04-24$9.42$15.0067.4%19.3%59.9%21.4%0.0%0.0%14.6%2.6K-8.3K-5.6K0.0024.96002,790590
2008-04-25$9.66$15.0062.8%18.0%60.4%18.2%0.0%0.0%17.7%2.2K42.2K-5.3K0.0016.72002,790590
2008-04-28$9.84$15.0068.5%19.7%60.8%22.2%69.1%0.0%12.8%3.0K-50.8K-6.1K0.0014.51802,790590
2008-04-29$9.72$15.0066.7%19.1%60.2%20.9%66.6%0.0%19.2%2.5K-19.2K-5.7K0.0023.39052,790590
2008-04-30$9.30$15.0060.6%17.4%48.3%16.7%65.6%0.0%17.7%2.0K51.1K-5.0K0.0017.09102,790590