NMDC Ltd: OPTION PRICING

Spot Price =
Expiery =
At the Money =
Risk Free Rate of Return =
Volatility =
y =
Time Period =

Strike Prices
₹50.00 ITM
₹65.00 ITM
₹67.50 ITM
₹70.00 ITM
₹72.50 ITM
₹75.00 ITM
₹77.50 ITM
₹80.00 ITM
₹82.50 ITM
₹85.00 ITM
₹87.50 ITM
₹90.00 ITM
₹92.50 ATM
₹95.00 OTM
₹97.50 OTM
₹100.00 OTM
₹102.50 OTM
₹105.00 OTM
₹107.50 OTM
₹110.00 OTM
₹112.50 OTM
₹115.00 OTM
₹117.50 OTM
₹120.00 OTM
₹122.50 OTM
₹125.00 OTM
 Strike Price = ₹92.50
Premium price (Call Option) = ₹5.95
Premium price (Put Option) = ₹3.95

Returns From the Price Change (Call option)

Expected price changes Long Position

₹115.29 ₹16.84
₹105.24 ₹6.79
₹98.14 -₹0.31
₹94.35 -₹4.10
₹94.19 -₹4.26
₹92.29 -₹5.95
₹92.50 -₹5.95
₹88.39 -₹5.95
₹85.44 -₹5.95
₹81.04 -₹5.95
₹71.24 -₹5.95
₹50.00 -₹5.95
Returns F rom Price Changes

Payoff Diagaram: Options Long Position for Strike Price 92.50 (Call Option)
₹20.00
Payoff Diagram: Options Short Position for Strike P
₹10.00
₹15.00
Returns From Price Changes

₹5.00
₹10.00

₹0.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00
₹5.00
- ₹5.00
₹0.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00
- ₹10.00

-₹5.00
- ₹15.00

-₹10.00
- ₹20.00
Expected Prices of the Underlying at Expiery Expected Prices of the Underlying at Exp
turns From Price Changes

Payoff Diagram: Options Short Position for Strike P

₹10.00
Payoff Diagram: Options Long Position for Strike Price 92.50 (Put Option)
₹50.00 ₹0.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00
s
 Returns From Price Changes
Payoff Diagram: Options Short Position for Strike P
₹10.00
Payoff Diagram: Options Long Position for Strike Price 92.50 (Put Option)
₹50.00 ₹0.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00

Returns From Price Changes

₹40.00
-₹10.00

₹30.00
-₹20.00
₹20.00
-₹30.00
₹10.00

-₹40.00
₹0.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00
-₹50.00
- ₹10.00
Expected Prices of Underlying at Expi
Expected Prices of Underlying at Expiery

Strike Price = ₹85.00

Premium Price to be Paid (Call Option) = ₹11.45
Premium Price to be Paid (Put Option) = ₹1.40

Returns From the Price Change (Call option)

Expected price changes Long Position

₹115.29 ₹18.84
₹105.24 ₹8.79
₹98.14 ₹1.69
₹94.35 -₹2.10
₹94.19 -₹2.26
₹92.29 -₹4.16
₹92.50 -₹3.95
₹88.39 -₹8.06
₹85.44 -₹11.01
₹85.00 -₹11.45
₹81.04 -₹11.45
₹71.24 -₹11.45
₹50.00 -₹11.45

Payoff Diagram: Options Long PositionPayoff Diagram:

for Strike Price Options Short
85.00 (Call Position for Strike Pri
Option)
₹25.00 ₹15.00

₹20.00 ₹10.00

₹5.00
hanges

₹15.00
anges
 Payoff Diagram: Options Long PositionPayoff Diagram:
for Strike Price Options Short
85.00 (Call Position for Strike Pri
Option)
₹25.00 ₹15.00

₹20.00 ₹10.00

₹5.00

Returns From Price Changes

₹15.00
Returns From Price Changes

₹10.00 ₹0.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00

₹5.00 -₹5.00

₹0.00 -₹10.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00
-₹5.00 -₹15.00

-₹10.00 -₹20.00

-₹15.00 -₹25.00

Expected Prices of Underlying at Expiery Expected Prices of Underlying at Expiery

Payoff
Payoff Diagram: Options Long Position Diagram:
for Strike PriceOptions Short
85.00 (Put Position for Strike Pric
Option)
₹40.00 ₹5.00

₹35.00 ₹0.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00
-₹5.00
₹30.00
Returns From Price Changes
Returns From Price Changes

-₹10.00
₹25.00
-₹15.00
₹20.00
-₹20.00
₹15.00
-₹25.00
₹10.00
-₹30.00
₹5.00
-₹35.00
₹0.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00
-₹40.00
-₹5.00
Expected Prices of Underlying at Expiery
Expected Prices of Underlying at Expiery

Strike Price = ₹102.50

Premium Price to be Paid (Call Option) = ₹2.10
Premium Price to be Paid (Put Option) = ₹11.00

Returns From the Price Change (Call option)

Expected price changes

 Expected price changes Long Position

₹115.29 ₹10.69
₹105.24 ₹0.64
₹102.50 -₹2.10
₹98.14 -₹2.10
₹94.35 -₹2.10
₹94.19 -₹2.10
₹92.29 -₹2.10
₹92.50 -₹2.10
₹88.39 -₹2.10
₹85.44 -₹2.10
₹85.00 -₹2.10
₹81.04 -₹2.10
₹71.24 -₹2.10
₹50.00 -₹2.10
Payoff Diagram: Options Long Position for
Payoff
Strike
Diagram:
Price 102.50
Options
(Call
Short
Option)
Position for Strike P
₹12.00 ₹4.00

₹10.00 ₹2.00

₹8.00 ₹0.00
Returns From Price Changes
Returns From Price Changes

₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00

₹6.00 -₹2.00

₹4.00 -₹4.00

₹2.00 -₹6.00

₹0.00 -₹8.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00
-₹2.00 -₹10.00

-₹4.00 -₹12.00

Expected Prices of Underlying at Expiery Expected Prices of Underlying at Exp

Payoff
Payoff Diagram: Options Long Position for Diagram:
Strike Options
Price 102.50 Short
(Put Position for Strike P
Option)
₹50.00 ₹20.00

₹40.00 ₹10.00
Returns From Price Changes
Returns From Price Changes

₹30.00 ₹0.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00

₹20.00 -₹10.00

₹10.00 -₹20.00

₹0.00 -₹30.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00
 Returns From Price Changes
Returns From Price Changes
₹30.00 ₹0.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00

₹20.00 -₹10.00

₹10.00 -₹20.00

₹0.00 -₹30.00
₹50.00 ₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00

-₹10.00 -₹40.00

-₹20.00 -₹50.00
Expected Prices of Underlying at Expiery Expected Prices of Underlying at Expi
PTION PRICING AND PAYOFF DIAGRAM
₹93.70
24/09/2020
₹92.50
5.77% GS 2030 @
0.5
5.61%
20 days = 0.22 part of year

Call Option Pricing Put Option Pricing d1 d2

₹43.20 OTM ₹0.02 2.7982 2.5638
₹28.83 OTM ₹0.46 1.6789 1.4445
₹26.57 OTM ₹0.67 1.5179 1.2835
₹24.39 OTM ₹0.95 1.3627 1.1283
₹22.28 OTM ₹1.31 1.2130 0.9786
₹20.26 OTM ₹1.77 1.0684 0.8340
₹18.34 OTM ₹2.31 0.9285 0.6941
₹16.53 OTM ₹2.97 0.7931 0.5587
₹14.83 OTM ₹3.74 0.6618 0.4274
₹13.25 OTM ₹4.62 0.5344 0.3000
₹11.78 OTM ₹5.63 0.4108 0.1764
₹10.43 OTM ₹6.75 0.2906 0.0562
₹9.20 ATM ₹7.98 0.1737 -0.0607
₹8.08 ITM ₹9.33 0.0599 -0.1745
₹7.07 ITM ₹10.79 -0.0509 -0.2853
₹6.17 ITM ₹12.35 -0.1589 -0.3933
₹5.36 ITM ₹14.01 -0.2642 -0.4987
₹4.64 ITM ₹15.76 -0.3671 -0.6015
₹4.00 ITM ₹17.60 -0.4674 -0.7018
₹3.44 ITM ₹19.51 -0.5655 -0.7999
₹2.95 ITM ₹21.49 -0.6614 -0.8958
₹2.53 ITM ₹23.53 -0.7551 -0.9896
₹2.16 ITM ₹25.62 -0.8469 -1.0813
₹1.84 ITM ₹27.77 -0.9367 -1.1711
₹1.56 ITM ₹29.96 -1.0247 -1.2591
₹1.32 ITM ₹32.19 -1.1109 -1.3453
he Price Change (Call option)

Short Position Long Position Short Position

-₹16.84 -₹3.95 ₹3.95

-₹6.79 -₹3.95 ₹3.95
₹0.31 -₹3.95 ₹3.95
₹4.10 -₹3.95 ₹3.95
₹4.26 -₹3.95 ₹3.95
₹6.16 -₹3.95 ₹3.95
₹5.95 -₹3.95 ₹3.95
₹5.95 ₹0.16 -₹0.16
₹5.95 ₹3.11 -₹3.11
₹5.95 ₹7.51 -₹7.51
₹5.95 ₹17.31 -₹17.31
₹5.95 ₹38.55 -₹38.55

e Price 92.50 (Call Option)

am: Options Short Position for Strike Price 92.50 (Call Option)

₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00

₹100.00 ₹110.00 ₹120.00

Expiery Expected Prices of the Underlying at Expiery

ram: Options Short Position for Strike Price 92.50 (Put Option)
Price 92.50 (Put Option)

₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00

ram: Options Short Position for Strike Price 92.50 (Put Option)
Price 92.50 (Put Option)

₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00

₹100.00 ₹110.00 ₹120.00

Expected Prices of Underlying at Expiery

ery

he Price Change (Call option) Returns From the Price Change (Put Option)

Short Position Long Position Short Position

-₹18.84 -₹1.40 ₹1.40

-₹8.79 -₹1.40 ₹1.40
-₹1.69 -₹1.40 ₹1.40
₹2.10 -₹1.40 ₹1.40
₹2.26 -₹1.40 ₹1.40
₹4.16 -₹1.40 ₹1.40
₹3.95 -₹1.40 ₹1.40
₹8.06 -₹1.40 ₹1.40
₹11.01 -₹1.40 ₹1.40
₹11.45 -₹1.40 ₹1.40
₹11.45 ₹2.56 -₹2.56
₹11.45 ₹12.36 -₹12.36
₹11.45 ₹33.60 -₹33.60

m:
ce Options Short
85.00 (Call Position for Strike Price 85.00 (Call Option)
Option)
 m:
ce Options Short
85.00 (Call Position for Strike Price 85.00 (Call Option)
Option)

60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00

₹100.00 ₹110.00 ₹120.00

y Expected Prices of Underlying at Expiery

m:ceOptions Short
85.00 (Put Position for Strike Price 85.00 (Put Option)
Option)

60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00

₹100.00 ₹110.00 ₹120.00

Expected Prices of Underlying at Expiery

y

he Price Change (Call option) Returns From the Price Change (Put Option)
 Short Position Long Position Short Position

-₹10.69 -₹11.00 ₹11.00

-₹0.64 -₹11.00 ₹11.00
₹2.10 -₹11.00 ₹11.00
₹2.10 -₹6.64 ₹6.64
₹2.10 -₹2.85 ₹2.85
₹2.10 -₹2.69 ₹2.69
₹2.10 -₹0.79 ₹0.79
₹2.10 -₹1.00 ₹1.00
₹2.10 ₹3.11 -₹3.11
₹2.10 ₹6.06 -₹6.06
₹2.10 ₹6.50 -₹6.50
₹2.10 ₹10.46 -₹10.46
₹2.10 ₹20.26 -₹20.26
₹2.10 ₹41.50 -₹41.50
ce
am:102.50
Options
(Call
Short
Option)
Position for Strike Price 102.50 (Call Option)

₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00

₹100.00 ₹110.00 ₹120.00

ry Expected Prices of Underlying at Expiery

am: Options(Put
ce 102.50 Short Position for Strike Price 102.50 (Put Option)
Option)

₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00

₹100.00 ₹110.00 ₹120.00

 ₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00

₹100.00 ₹110.00 ₹120.00

ry Expected Prices of Underlying at Expiery

AGRAM

N(d1) N(d2)
0.9974 0.9948
0.9534 0.9257
0.9355 0.9003
0.9135 0.8704
0.8874 0.8361
0.8573 0.7979
0.8234 0.7562
0.7861 0.7118
0.7459 0.6654
0.7035 0.6179
0.6594 0.5700
0.6143 0.5224
0.5689 0.4758
0.5239 0.4307
0.4797 0.3877
0.4369 0.3470
0.3958 0.3090
0.3568 0.2738
0.3201 0.2414
0.2859 0.2119
0.2542 0.1852
0.2251 0.1612
0.1985 0.1398
0.1745 0.1208
0.1528 0.1040
0.1333 0.0893
 NMDC Ltd: FUTURES PRICING A
Risk Free Rate of Return =
Rate of Dividend Paid =
Spot Market Price of Underlying =
Time Period Left to Expiery =
Date of Expiery =
Actual Future Market Price =

Calculated Future Price =

Returns from the price change

Expected Prices Long position

₹115.29 ₹20.94
₹105.24 ₹10.89
₹98.14 ₹3.79
₹94.35 ₹0.00
₹94.19 -₹0.16
₹92.29 -₹2.06
₹88.39 -₹5.96
₹85.44 -₹8.91
₹81.04 -₹13.31
₹71.24 -₹23.11

Payoff Diagram: Futures Long Position

30

20
e Changes

10
 Payoff Diagram: Futures Long Position
30

Returns From Price Changes 20

10

0
₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹120.00

-10

-20

-30
Expected Prices of the Underlying at the Expiery
RES PRICING AND PAYOFF DIAGRAM
= 5.77% 0.0577
= ₹5.29 5.61% 0.000561
ng = ₹93.70
= 20 = 0.05479
= 9/24/2020
= ₹94.35

₹93.94

om the price change

Short position

-₹20.94
-₹10.89
-₹3.79
₹0.00
₹0.16
₹2.06
₹5.96
₹8.91
₹13.31
₹23.11
R eturns F rom Price Chang es

on

Payoff Diagram: Futures Short Position

₹30.00

₹20.00
 R eturns F rom Price C
on

Payoff Diagram: Futures Short Position

₹30.00

₹20.00

₹10.00

₹110.00 ₹120.00
₹0.00
₹60.00 ₹70.00 ₹80.00 ₹90.00 ₹100.00 ₹110.00 ₹12

- ₹10.00

- ₹20.00

- ₹30.00
Expected Prices of the Underlying at the Expiery
M

on
on

₹110.00 ₹120.00

y
 Date Adj Close NMDC % returns for NMDC

9/1/2020 96.50 -0.67%

8/31/2020 97.15 -10.12%
8/28/2020 107.50 11.21%
8/27/2020 96.10 -0.10%
8/26/2020 96.20 1.94%
8/25/2020 94.35 -1.42%
8/24/2020 95.70 -0.42%
8/21/2020 96.10 -1.19%
8/20/2020 97.25 -0.41%
8/19/2020 97.65 2.80%
8/18/2020 94.95 0.21%
8/17/2020 94.75 1.76%
8/14/2020 93.10 -0.05%
8/13/2020 93.15 -1.28%
8/12/2020 94.35 1.17%
8/11/2020 93.25 1.62%
8/10/2020 91.75 2.93%
8/7/2020 89.10 1.58%
8/6/2020 87.70 1.32%
8/5/2020 86.55 1.92%
8/4/2020 84.90 0.53%
8/3/2020 84.45 0.77%
7/31/2020 83.80 -3.57%
7/30/2020 86.85 -0.34%
7/29/2020 87.15 2.50%
7/28/2020 85.00 2.99%
7/27/2020 82.50 -2.93%
7/24/2020 84.95 -1.69%
7/23/2020 86.40 1.75%
7/22/2020 84.90 1.30%
7/21/2020 83.80 -2.13%
7/20/2020 85.60 -0.76%
7/17/2020 86.25 4.93%
7/16/2020 82.10 0.30%
7/15/2020 81.85 -0.85%
7/14/2020 82.55 -3.69%
7/13/2020 85.65 1.59%
7/10/2020 84.30 -1.59%
7/9/2020 85.65 1.06%
7/8/2020 84.75 2.45%
 7/7/2020 82.70 -2.74%
7/6/2020 85.00 2.92%
7/3/2020 82.55 0.97%
7/2/2020 81.75 0.92%
7/1/2020 81.00 -0.19%
6/30/2020 81.15 0.19%
6/29/2020 81.00 -3.82%
6/26/2020 84.15 -0.12%
6/25/2020 84.25 -3.50%
6/24/2020 87.25 0.06%
6/23/2020 87.20 -0.63%
6/22/2020 87.75 6.23%
6/19/2020 82.45 -0.12%
6/18/2020 82.55 -3.57%
6/17/2020 85.55 0.82%
6/16/2020 84.85 -0.59%
6/15/2020 85.35 -2.43%
6/12/2020 87.45 0.29%
6/11/2020 87.20 -3.05%
6/10/2020 89.90 -1.98%
6/9/2020 91.70 0.55%
6/8/2020 91.20 2.61%
6/5/2020 88.85 4.08%
6/4/2020 85.30 0.76%
6/3/2020 84.65 -0.82%
6/2/2020 85.35 1.24%
6/1/2020 84.30 3.81%
5/29/2020 81.15 2.75%
5/28/2020 78.95 5.07%
5/27/2020 75.05 -0.99%
5/26/2020 75.80 4.52%
5/22/2020 72.45 -2.45%
5/21/2020 74.25 4.34%
5/20/2020 71.10 -0.42%
5/19/2020 71.40 0.42%
5/18/2020 71.10 -3.79%
5/15/2020 73.85 2.12%
5/14/2020 72.30 -3.60%
5/13/2020 74.95 5.48%
5/12/2020 70.95 -2.02%
5/11/2020 72.40 -1.03%
5/8/2020 73.15 0.21%
5/7/2020 73.00 -0.21%
5/6/2020 73.15 0.34%
5/5/2020 72.90 -2.44%
 5/4/2020 74.70 -7.54%
4/30/2020 80.55 6.61%
4/29/2020 75.40 2.89%
4/28/2020 73.25 -1.15%
4/27/2020 74.10 0.41%
4/24/2020 73.80 -4.24%
4/23/2020 77.00 3.23%
4/22/2020 74.55 0.47%
4/21/2020 74.20 -3.70%
4/20/2020 77.00 -4.38%
4/17/2020 80.45 0.00%
4/16/2020 80.45 -2.46%
4/15/2020 82.45 -0.54%
4/13/2020 82.90 3.87%
4/9/2020 79.75 5.74%
4/8/2020 75.30 -4.67%
4/7/2020 78.90 -0.44%
4/3/2020 79.25 0.89%
4/1/2020 78.55 -1.83%
3/31/2020 80.00 4.02%
3/30/2020 76.85 4.39%
3/27/2020 73.55 5.16%
3/26/2020 69.85 5.75%
3/25/2020 65.95 4.02%
3/24/2020 63.35 0.47%
3/23/2020 63.05 -13.13%
3/20/2020 71.90 7.58%
3/19/2020 66.65 -12.80%
3/18/2020 75.75 3.08%
3/17/2020 73.45 -0.54%
3/16/2020 73.85 -2.21%
3/13/2020 75.50 4.68%
3/12/2020 72.05 -12.02%
3/11/2020 81.25 -2.73%
3/9/2020 83.50 -11.63%
3/6/2020 93.80 -0.58%
3/5/2020 94.35 0.05%
3/4/2020 94.30 0.91%
3/3/2020 93.45 4.32%
3/2/2020 89.50 -1.88%
2/28/2020 91.20 -5.23%
2/27/2020 96.10 -1.60%
2/26/2020 97.65 -3.67%
2/25/2020 101.30 -0.39%
2/24/2020 101.70 -3.19%
 2/20/2020 105.00 0.00%
2/19/2020 105.00 5.53%
2/18/2020 99.35 -1.61%
2/17/2020 100.96 -0.10%
2/14/2020 101.06 -3.37%
2/13/2020 104.52 -4.14%
2/12/2020 108.94 1.63%
2/11/2020 107.18 0.00%
2/10/2020 107.18 -0.85%
2/7/2020 108.09 -2.30%
2/6/2020 110.60 2.17%
2/5/2020 108.23 4.58%
2/4/2020 103.38 5.38%
2/3/2020 97.97 -12.60%
1/31/2020 111.13 -2.91%
1/30/2020 114.41 -1.68%
1/29/2020 116.35 -1.14%
1/28/2020 117.68 -0.48%
1/27/2020 118.25 -3.47%
1/24/2020 122.43 -3.14%
1/23/2020 126.33 0.64%
1/22/2020 125.52 -1.58%
1/21/2020 127.52 -3.37%
1/20/2020 131.89 6.74%
1/17/2020 123.29 -0.65%
1/16/2020 124.10 -0.38%
1/15/2020 124.57 4.12%
1/14/2020 119.54 2.05%
1/13/2020 117.11 1.80%
1/10/2020 115.02 0.24%
1/9/2020 114.74 -0.87%
1/8/2020 115.74 -5.00%
1/7/2020 121.67 -1.05%
1/6/2020 122.96 0.12%
1/3/2020 122.81 -1.50%
1/2/2020 124.67 2.20%
1/1/2020 121.96 -0.43%
12/31/2019 122.48 1.52%
12/30/2019 120.63 0.67%
12/27/2019 119.82 -0.12%
12/26/2019 119.96 1.19%
12/24/2019 118.54 0.89%
12/23/2019 117.49 -0.57%
12/20/2019 118.16 0.85%
12/19/2019 117.16 2.75%
12/18/2019 113.98 2.33%
12/17/2019 111.36 1.98%
12/16/2019 109.18 0.57%
12/13/2019 108.56 0.43%
12/12/2019 108.09 1.87%
12/11/2019 106.09 1.49%
12/10/2019 104.52 0.59%
12/9/2019 103.91 -1.00%
12/6/2019 104.95 0.73%
12/5/2019 104.19 -3.32%
12/4/2019 107.71 4.74%
12/3/2019 102.72 2.43%
12/2/2019 100.25 2.84%
11/29/2019 97.44 -2.36%
11/28/2019 99.77 3.09%
11/27/2019 96.73 0.93%
11/26/2019 95.83 -2.40%
11/25/2019 98.16 3.00%
11/22/2019 95.26 0.55%
11/21/2019 94.74 -2.08%
11/20/2019 96.73 1.73%
11/19/2019 95.07 -0.20%
11/18/2019 95.26 0.55%
11/15/2019 94.74 1.17%
11/14/2019 93.64 -2.26%
11/13/2019 95.78 -2.79%
11/11/2019 98.49 -0.09%
11/8/2019 98.58 -3.56%
11/7/2019 102.15 -5.38%
11/6/2019 107.80 1.60%
11/5/2019 106.09 1.49%
11/4/2019 104.52 -0.41%
11/1/2019 104.95 -1.93%
10/31/2019 106.99 1.70%
10/30/2019 105.19 -1.34%
10/29/2019 106.61 4.56%
10/25/2019 101.86 1.64%
10/24/2019 100.20 -1.64%
10/23/2019 101.86 -2.21%
10/22/2019 104.14 0.68%
10/18/2019 103.43 6.31%
10/17/2019 97.11 -0.64%
10/16/2019 97.73 1.42%
10/15/2019 96.35 3.26%
10/14/2019 93.26 1.44%
10/11/2019 91.93 1.19%
10/10/2019 90.84 -0.94%
10/9/2019 91.70 5.27%
10/7/2019 86.99 -4.23%
10/4/2019 90.75 -1.96%
10/3/2019 92.55 1.03%
10/1/2019 91.60 8.33%
9/30/2019 84.28 -3.11%
9/27/2019 86.94 0.66%
9/26/2019 86.37 6.00%
9/25/2019 81.34 -4.51%
9/24/2019 85.09 -2.05%
9/23/2019 86.85 4.53%
9/20/2019 83.00 4.03%
9/19/2019 79.72 -3.34%
9/18/2019 82.43 5.03%
9/17/2019 78.39 -4.16%
9/16/2019 81.72 -0.23%
9/13/2019 81.91 2.17%
9/12/2019 80.15 -0.12%
9/11/2019 80.25 1.80%
9/9/2019 78.82 -0.78%
9/6/2019 79.44 3.11%
9/5/2019 77.01 1.80%
9/4/2019 75.64 -1.12%
9/3/2019 76.49 -3.24%
8/30/2019 79.01 4.43%
8/29/2019 75.59 -1.81%
8/28/2019 76.97 -3.40%
8/27/2019 79.63 5.27%
8/26/2019 75.54 -0.69%
8/23/2019 76.06 1.70%
8/22/2019 74.78 -9.28%
8/21/2019 82.05 -4.31%
8/20/2019 85.66 -12.26%
8/19/2019 96.83 -0.93%
8/16/2019 97.73 -1.73%
8/14/2019 99.44 3.35%
8/13/2019 96.16 -0.64%
8/9/2019 96.78 -0.09%
8/8/2019 96.87 0.34%
8/7/2019 96.54 -3.01%
8/6/2019 99.49 2.76%
8/5/2019 96.78 -3.52%
8/2/2019 100.25 -2.94%
 8/1/2019 103.24 -0.05%
7/31/2019 103.29 1.30%
7/30/2019 101.96 -1.98%
7/29/2019 104.00 -1.63%
7/26/2019 105.71 2.55%
7/25/2019 103.05 -2.91%
7/24/2019 106.09 -2.43%
7/23/2019 108.70 0.74%
7/22/2019 107.90 -1.53%
7/19/2019 109.56 0.57%
7/18/2019 108.94 0.57%
7/17/2019 108.32 -0.84%
7/16/2019 109.23 2.11%
7/15/2019 106.95 0.32%
7/12/2019 106.61 1.93%
7/11/2019 104.57 -3.13%
7/10/2019 107.90 3.95%
7/9/2019 103.72 2.08%
7/8/2019 101.58 -3.40%
7/5/2019 105.09 -5.20%
7/4/2019 110.70 -1.58%
7/3/2019 112.46 2.36%
7/2/2019 109.84 0.60%
7/1/2019 109.18 1.71%
6/28/2019 107.33 -0.08%
6/27/2019 107.42 0.62%
6/26/2019 106.76 1.25%
6/25/2019 105.43 1.00%
6/24/2019 104.38 -1.27%
6/21/2019 105.71 2.55%
6/20/2019 103.05 0.27%
6/19/2019 102.77 2.67%
6/18/2019 100.06 -0.66%
6/17/2019 100.72 -1.04%
6/14/2019 101.77 1.23%
6/13/2019 100.53 -1.60%
6/12/2019 102.15 0.10%
6/11/2019 102.05 2.97%
6/10/2019 99.06 -0.28%
6/7/2019 99.34 0.81%
6/6/2019 98.54 0.10%
6/4/2019 98.44 -0.19%
6/3/2019 98.63 2.43%
5/31/2019 96.26 -1.61%
5/30/2019 97.82 0.29%
5/29/2019 97.54 0.53%
5/28/2019 97.02 -0.04%
5/27/2019 97.06 4.35%
5/24/2019 92.93 1.59%
5/23/2019 91.46 1.68%
5/22/2019 89.94 1.70%
5/21/2019 88.42 -3.17%
5/20/2019 91.27 5.96%
5/17/2019 85.99 0.10%
5/16/2019 85.90 0.12%
5/15/2019 85.80 -2.09%
5/14/2019 87.61 -1.78%
5/13/2019 89.18 0.33%
5/10/2019 88.89 -1.33%
5/9/2019 90.08 -1.10%
5/8/2019 91.08 -0.83%
5/7/2019 91.84 0.21%
5/6/2019 91.65 -3.72%
5/3/2019 95.12 -1.04%
5/2/2019 96.11 0.69%
4/30/2019 95.45 0.70%
4/26/2019 94.78 -0.80%
4/25/2019 95.54 -1.77%
4/24/2019 97.25 -0.58%
4/23/2019 97.82 0.73%
4/22/2019 97.11 -2.42%
4/18/2019 99.49 0.68%
4/16/2019 98.82 -0.58%
4/15/2019 99.39 0.47%
4/12/2019 98.92 0.38%
4/11/2019 98.54 -0.58%
4/10/2019 99.11 -0.09%
4/9/2019 99.20 -1.33%
4/8/2019 100.53 0.47%
4/5/2019 100.06 0.29%
4/4/2019 99.77 0.43%
4/3/2019 99.34 -0.29%
4/2/2019 99.63 -0.47%
4/1/2019 100.10 4.07%
3/28/2019 96.11 -0.50%
3/27/2019 96.59 -2.86%
3/26/2019 99.39 -0.19%
3/25/2019 99.58 -2.04%
3/22/2019 101.63 -1.10%
3/20/2019 102.75 -3.58%
3/19/2019 106.50 1.85%
3/18/2019 104.55 0.90%
3/15/2019 103.61 0.31%
3/14/2019 103.29 0.35%
3/13/2019 102.93 1.73%
3/12/2019 101.16 0.98%
3/11/2019 100.17 0.68%
3/8/2019 99.49 1.00%
3/7/2019 98.50 1.81%
3/6/2019 96.73 1.18%
3/5/2019 95.60 2.88%
3/1/2019 92.89 2.01%
2/28/2019 91.04 3.43%
2/27/2019 87.97 0.11%
2/26/2019 87.87 0.10%
2/25/2019 87.78 0.35%
2/22/2019 87.47 1.61%
2/21/2019 86.07 1.43%
2/20/2019 84.85 1.19%
2/19/2019 83.85 0.65%
2/18/2019 83.31 0.54%
2/15/2019 82.86 -1.57%
2/14/2019 84.17 -2.23%
2/12/2019 86.07 1.11%
2/11/2019 85.12 0.48%
2/8/2019 84.71 -1.64%
2/7/2019 86.11 0.15%
2/6/2019 85.98 1.28%
2/5/2019 84.89 -1.53%
2/4/2019 86.20 0.00%
2/1/2019 86.20 -1.61%
1/31/2019 87.60 0.83%
1/30/2019 86.88 4.30%
1/29/2019 83.22 0.93%
1/28/2019 82.45 0.77%
1/25/2019 81.82 0.44%
1/24/2019 81.46 0.23%
1/23/2019 81.27 -0.72%
1/22/2019 81.86 0.33%
1/21/2019 81.59 -0.50%
1/18/2019 82.00 -1.26%
1/17/2019 83.04 -1.57%
1/16/2019 84.35 -0.38%
1/15/2019 84.67 1.68%
1/14/2019 83.26 -0.11%
 1/11/2019 83.35 1.19%
1/10/2019 82.36 -0.17%
1/9/2019 82.50 -3.97%
1/8/2019 85.84 0.00%
1/7/2019 85.84 1.05%
1/4/2019 84.94 0.06%
1/3/2019 84.89 -3.04%
1/2/2019 87.51 -0.06%
12/31/2018 87.56 1.40%
12/28/2018 86.34 3.42%
12/27/2018 83.44 -2.67%
12/26/2018 85.70 0.11%
12/24/2018 85.61 0.11%
12/21/2018 85.52 -3.28%
12/20/2018 88.37 0.51%
12/19/2018 87.92 1.81%
12/18/2018 86.34 0.48%
12/17/2018 85.93 1.01%
12/14/2018 85.07 1.12%
12/13/2018 84.12 -0.91%
12/12/2018 84.89 2.75%
12/11/2018 82.59 -0.22%
12/10/2018 82.77 -0.70%
12/7/2018 83.35 -0.28%
12/6/2018 83.58 0.71%
12/5/2018 82.99 -3.85%
12/4/2018 86.25 -1.40%
12/3/2018 87.47 0.94%
11/30/2018 86.65 1.46%
11/29/2018 85.39 0.53%
11/28/2018 84.94 -0.89%
11/27/2018 85.70 -2.04%
11/26/2018 87.47 1.20%
11/22/2018 86.43 -2.58%
11/21/2018 88.69 -1.27%
11/20/2018 89.82 -1.45%
11/19/2018 91.13 0.05%
11/16/2018 91.08 -6.26%
11/15/2018 96.96 -0.79%
11/14/2018 97.73 0.61%
11/13/2018 97.14 0.80%
11/12/2018 96.37 -3.28%
11/9/2018 99.58 -2.69%
11/7/2018 102.29 0.97%
11/6/2018 101.30 -2.86%
 11/5/2018 104.24 0.39%
11/2/2018 103.83 0.52%
11/1/2018 103.29 4.57%
10/31/2018 98.68 -0.31%
10/30/2018 98.99 -0.19%
10/29/2018 99.18 3.15%
10/26/2018 96.10 0.56%
10/25/2018 95.56 -3.94%
10/24/2018 99.40 -0.63%
10/23/2018 100.03 1.05%
10/22/2018 98.99 -0.09%
10/19/2018 99.08 -0.77%
10/17/2018 99.85 -2.50%
10/16/2018 102.38 0.30%
10/15/2018 102.07 1.47%
10/12/2018 100.58 2.55%
10/11/2018 98.05 -1.37%
10/10/2018 99.40 2.53%
10/9/2018 96.92 -1.02%
10/8/2018 97.91 -0.97%
10/5/2018 98.86 -5.13%
10/4/2018 104.06 0.43%
10/3/2018 103.61 3.06%
10/1/2018 100.49 -1.82%
9/28/2018 102.34 -4.28%
9/27/2018 106.81 0.76%
9/26/2018 106.00 3.43%
9/25/2018 102.43 0.71%
9/24/2018 101.71 -2.84%
9/21/2018 104.64 -2.05%
9/19/2018 106.81 -0.76%
9/18/2018 107.63 -1.04%
9/17/2018 108.76 -3.02%
9/14/2018 112.10 1.66%
9/12/2018 110.25 2.99%
9/11/2018 107.00 -1.47%
9/10/2018 108.58 0.93%
9/7/2018 107.58 2.86%
9/6/2018 104.55 3.69%
9/5/2018 100.76 -1.29%
9/4/2018 102.07 -0.13%
9/3/2018 102.20 1.38%
8/31/2018 100.80 1.72%
8/30/2018 99.08 1.05%
8/29/2018 98.05 -0.32%
8/28/2018 98.36 1.06%
8/27/2018 97.32 3.88%
8/24/2018 93.62 0.11%
8/23/2018 93.52 -0.25%
8/21/2018 93.75 -1.77%
8/20/2018 95.42 0.85%
8/17/2018 94.61 2.96%
8/16/2018 91.85 -0.45%
8/14/2018 92.26 -1.70%
8/13/2018 93.84 -1.91%
8/10/2018 95.65 -0.84%
8/9/2018 96.46 -6.27%
8/8/2018 102.70 -0.66%
8/7/2018 103.38 6.27%
8/6/2018 97.10 0.42%
8/3/2018 96.69 0.14%
8/2/2018 96.55 -0.14%
8/1/2018 96.69 1.65%
7/31/2018 95.11 0.34%
7/30/2018 94.79 1.01%
7/27/2018 93.84 1.75%
7/26/2018 92.21 0.00%
7/25/2018 92.21 4.61%
7/24/2018 88.06 2.18%
7/23/2018 86.16 -0.99%
7/20/2018 87.02 0.22%
7/19/2018 86.83 0.94%
7/18/2018 86.02 -2.03%
7/17/2018 87.78 0.97%
7/16/2018 86.93 -3.67%
7/13/2018 90.18 -2.53%
7/12/2018 92.49 -0.68%
7/11/2018 93.12 -1.40%
7/10/2018 94.43 0.82%
7/9/2018 93.66 0.39%
7/6/2018 93.30 0.19%
7/5/2018 93.12 -0.92%
7/4/2018 93.98 -0.72%
7/3/2018 94.66 -0.76%
7/2/2018 95.38 -2.43%
6/29/2018 97.73 4.50%
6/28/2018 93.43 -2.44%
6/27/2018 95.74 -1.54%
6/26/2018 97.23 -0.65%
6/25/2018 97.86 -1.24%
6/22/2018 99.08 2.11%
6/21/2018 97.01 -1.71%
6/20/2018 98.68 1.06%
6/19/2018 97.64 -3.68%
6/18/2018 101.30 -0.80%
6/15/2018 102.11 -2.24%
6/14/2018 104.42 -0.12%
6/13/2018 104.55 -1.12%
6/12/2018 105.73 0.77%
6/11/2018 104.92 -1.75%
6/8/2018 106.77 1.71%
6/7/2018 104.96 1.34%
6/6/2018 103.56 1.41%
6/5/2018 102.11 -1.67%
6/4/2018 103.83 -0.52%
6/1/2018 104.37 -1.72%
5/31/2018 106.18 -1.94%
5/30/2018 108.26 -0.30%
5/29/2018 108.58 0.54%
5/28/2018 107.99 2.42%
5/25/2018 105.41 0.64%
5/24/2018 104.74 2.63%
5/23/2018 102.02 -0.63%
5/22/2018 102.66 0.14%
5/21/2018 102.52 -1.23%
5/18/2018 103.79 -0.09%
5/17/2018 103.88 -0.64%
5/16/2018 104.55 0.52%
5/15/2018 104.01 0.21%
5/14/2018 103.79 -0.95%
5/11/2018 104.78 -0.30%
5/10/2018 105.10 -2.80%
5/9/2018 108.08 -0.05%
5/8/2018 108.13 -1.20%
5/7/2018 109.44 0.38%
5/4/2018 109.03 -1.36%
5/3/2018 110.52 -1.30%
5/2/2018 111.97 -0.92%
4/30/2018 113.01 0.84%
4/27/2018 112.06 0.48%
4/26/2018 111.52 -1.33%
4/25/2018 113.01 0.84%
4/24/2018 112.06 -0.45%
4/23/2018 112.56 1.22%
4/20/2018 111.20 -1.81%
4/19/2018 113.23 1.94%
4/18/2018 111.06 -1.38%
4/17/2018 112.60 0.08%
4/16/2018 112.51 0.53%
4/13/2018 111.92 2.20%
4/12/2018 109.48 -0.62%
4/11/2018 110.16 -1.31%
4/10/2018 111.61 3.55%
4/9/2018 107.72 0.17%
4/6/2018 107.54 0.93%
4/5/2018 106.54 1.67%
4/4/2018 104.78 -2.30%
4/3/2018 107.22 0.64%
4/2/2018 106.54 -0.60%
3/28/2018 107.18 -2.50%
3/27/2018 109.89 3.10%
3/26/2018 106.54 5.29%
3/23/2018 101.05 -0.70%
3/22/2018 101.76 0.04%
3/21/2018 101.72 2.13%
3/20/2018 99.58 0.42%
3/19/2018 99.16 -6.88%
3/16/2018 106.22 1.59%
3/15/2018 104.54 -0.24%
3/14/2018 104.79 0.32%
3/13/2018 104.45 0.35%
3/12/2018 104.08 1.51%
3/9/2018 102.52 -1.75%
3/8/2018 104.33 0.16%
3/7/2018 104.16 0.77%
3/6/2018 103.36 0.00%
3/5/2018 103.36 -6.15%
3/1/2018 109.92 1.03%
2/28/2018 108.79 -1.34%
2/27/2018 110.26 -0.57%
2/26/2018 110.89 1.30%
2/23/2018 109.46 2.73%
2/22/2018 106.51 -1.81%
2/21/2018 108.45 -1.50%
2/20/2018 110.09 1.93%
2/19/2018 107.99 -2.15%
2/16/2018 110.34 -2.78%
2/15/2018 113.45 0.93%
2/14/2018 112.40 -2.77%
2/12/2018 115.56 1.03%
 2/9/2018 114.38 1.71%
2/8/2018 112.44 2.84%
2/7/2018 109.29 1.67%
2/6/2018 107.48 -3.88%
2/5/2018 111.73 0.04%
2/2/2018 111.69 -6.48%
2/1/2018 119.17 1.00%
1/31/2018 117.99 -2.40%
1/30/2018 120.85 0.27%
1/29/2018 120.52 -0.27%
1/25/2018 120.85 -0.97%
1/24/2018 122.03 -2.96%
1/23/2018 125.69 3.61%
1/22/2018 121.23 -1.56%
1/19/2018 123.13 1.79%
1/18/2018 120.94 -3.85%
1/17/2018 125.69 0.73%
1/16/2018 124.77 -4.03%
1/15/2018 129.90 -0.32%
1/12/2018 130.32 -0.25%
1/11/2018 130.65 0.03%
1/10/2018 130.61 0.38%
1/9/2018 130.11 -4.52%
1/8/2018 136.12 2.06%
1/5/2018 133.34 2.42%
1/4/2018 130.15 3.62%
1/3/2018 125.52 0.43%
1/2/2018 124.98 7.55%
12/29/2017 115.89 -0.54%
12/28/2017 116.52 0.91%
12/27/2017 115.47 -2.24%
12/26/2017 118.08 3.77%
12/22/2017 113.71 0.52%
12/21/2017 113.12 -0.56%
12/20/2017 113.75 -0.33%
12/19/2017 114.13 1.90%
12/18/2017 111.98 1.93%
12/15/2017 109.84 1.94%
12/14/2017 107.73 -0.39%
12/13/2017 108.15 -1.09%
12/12/2017 109.33 -0.73%
12/11/2017 110.13 -0.46%
12/8/2017 110.64 1.35%
12/7/2017 109.16 1.20%
12/6/2017 107.86 -2.88%
 12/5/2017 111.01 -0.72%
12/4/2017 111.81 2.82%
12/1/2017 108.70 1.29%
11/30/2017 107.31 0.07%
11/29/2017 107.23 0.71%
11/28/2017 106.47 0.36%
11/27/2017 106.09 -0.60%
11/24/2017 106.73 0.12%
11/23/2017 106.60 0.75%
11/22/2017 105.80 -0.47%
11/21/2017 106.30 0.31%
11/20/2017 105.97 1.16%
11/17/2017 104.75 0.64%
11/16/2017 104.08 1.10%
11/15/2017 102.94 -2.50%
11/14/2017 105.55 -0.47%
11/13/2017 106.05 0.00%
11/10/2017 106.05 0.08%
11/9/2017 105.97 -1.18%
11/8/2017 107.23 -2.06%
11/7/2017 109.46 -0.38%
11/6/2017 109.88 2.12%
11/3/2017 107.57 -0.74%
11/2/2017 108.37 0.28%
11/1/2017 108.07 0.27%
10/31/2017 107.78 -1.43%
10/30/2017 109.33 0.61%
10/27/2017 108.66 1.52%
10/26/2017 107.02 4.63%
10/25/2017 102.18 0.36%
10/24/2017 101.81 0.63%
10/23/2017 101.17 -1.49%
10/19/2017 102.69 -0.24%
10/18/2017 102.94 -0.90%
10/17/2017 103.87 0.41%
10/16/2017 103.45 2.10%
10/13/2017 101.30 0.87%
10/12/2017 100.42 -0.12%
10/11/2017 100.54 -0.79%
10/10/2017 101.34 -0.67%
10/9/2017 102.02 -0.82%
10/6/2017 102.86 2.74%
10/5/2017 100.08 -0.04%
10/4/2017 100.12 0.12%
10/3/2017 100.00 0.97%
9/29/2017 99.03 0.72%
9/28/2017 98.32 -1.14%
9/27/2017 99.45 -3.89%
9/26/2017 103.40 2.01%
9/25/2017 101.34 -1.28%
9/22/2017 102.65 -4.99%
9/21/2017 107.90 -2.24%
9/20/2017 110.34 -0.91%
9/19/2017 111.35 -1.02%
9/18/2017 112.49 1.32%
9/15/2017 111.01 -0.80%
9/14/2017 111.90 0.68%
9/13/2017 111.14 -1.61%
9/12/2017 112.94 0.23%
9/11/2017 112.68 0.33%
9/8/2017 112.31 -2.20%
9/7/2017 114.81 2.32%
9/6/2017 112.18 -0.34%
9/5/2017 112.56
 ANNUAL VOLATILITY CALCULATION
STANDARD DEVIATION = 2.62%
ANNUAL VOLATILITY = 0.50

-0.67%