SECT Options History — September 2021

In September 2021, SECT traded between $40.78 and $42.63. ATM implied volatility averaged 24.3%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 12.2% (HV 20d: 12.0%). Max pain ranged from $35.00 to $42.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2021-09-07: Highest Volume — 5 contracts
2021-09-20: Largest IV spike — 121.1% change
2021-09-28: Highest IV Rank — 23.7%
2021-09-28: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.86	$40.78	$42.63	$42.45	$40.89
Max Pain	$35.85	$35.00	$42.00	$39.00	$35.00
ATM IV	24.3%	14.4%	46.6%	22.2%	30.2%
Expected Move	6.6%	4.1%	13.3%	6.4%	8.6%
HV 20d	12.0%	9.7%	15.2%	9.8%	15.2%
HV 60d	12.5%	11.7%	13.9%	11.8%	13.9%
IV Rank	9.3%	2.9%	23.7%	7.9%	13.1%
IV Percentile	40.3%	5.6%	89.7%	34.3%	65.6%
Term Structure	0.2%	-9.1%	14.7%	-6.1%	1.4%
VWIV	38.4%	28.1%	48.6%	28.1%	48.6%
Skew 25d	5.6%	-2.0%	20.3%	-2.0%	2.5%
Skew 10d	5.4%	-1.2%	17.9%	-1.2%	15.0%
Call IV 25d	19.9%	12.7%	33.4%	21.5%	15.3%
Put IV 25d	25.5%	16.1%	44.7%	19.4%	17.8%
Bid-Ask Spread %	142.46	127.52	156.19	127.52	150.99
Gamma HHI	0.48	0.27	1.00	0.34	0.28
Net GEX	233	-166	701	-166	610
Net DEX	-27.0K	-47.9K	-17.2K	-33.7K	-25.8K
Net VEX	-13	-23	-4	-21	-13
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.905	0	5	0	0
Total OI	45.048	5	78	74	8

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-09-01	$42.45	$39.00	22.2%	6.4%	9.8%	7.9%	0.0%	-2.0%	-6.1%	-166	-33.7K	-21	127.52	N/A	N/A	0	0	12	62
2021-09-02	$42.63	$0.00	17.9%	4.1%	9.7%	5.2%	0.0%	5.2%	2.6%	-96	-35.0K	-20	132.82	N/A	N/A	1	0	12	62
2021-09-03	$42.62	$0.00	35.8%	7.1%	9.7%	16.7%	0.0%	8.0%	-3.0%	-109	-34.9K	-19	146.77	N/A	N/A	0	0	12	62
2021-09-07	$42.45	$0.00	27.1%	4.2%	9.9%	11.1%	0.0%	4.4%	1.7%	4	-32.0K	-21	136.63	N/A	N/A	0	5	12	62
2021-09-08	$42.13	$0.00	15.8%	4.5%	10.3%	3.8%	0.0%	4.2%	3.2%	44	-29.4K	-23	136.18	N/A	N/A	0	0	12	62
2021-09-09	$42.20	$0.00	14.4%	4.1%	10.3%	2.9%	0.0%	2.8%	-1.6%	4	-30.2K	-20	145.82	N/A	N/A	0	0	12	62
2021-09-10	$41.85	$0.00	18.6%	5.3%	10.7%	5.7%	0.0%	1.4%	4.4%	-20	-27.7K	-21	141.38	N/A	N/A	0	0	12	62
2021-09-13	$41.92	$0.00	28.8%	8.2%	10.7%	12.2%	28.1%	8.8%	-6.2%	341	-20.7K	-20	156.19	N/A	N/A	2	0	11	62
2021-09-14	$41.62	$0.00	28.5%	8.2%	11.0%	12.0%	48.6%	6.4%	-6.9%	330	-19.6K	-16	154.69	N/A	N/A	4	0	11	62
2021-09-15	$42.10	$42.00	18.1%	5.2%	11.1%	5.3%	0.0%	4.4%	-0.5%	250	-28.3K	-14	144.56	N/A	N/A	0	0	12	62
2021-09-16	$42.11	$35.00	16.9%	4.8%	11.1%	4.5%	0.0%	3.7%	14.3%	-21	-46.5K	-11	133.48	N/A	N/A	0	0	16	62
2021-09-17	$41.76	$35.00	15.6%	4.5%	11.1%	3.7%	0.0%	8.3%	4.6%	701	-47.9K	-5	137.83	N/A	N/A	2	0	16	62
2021-09-20	$40.78	$35.00	34.5%	9.9%	13.6%	15.9%	0.0%	12.1%	-7.5%	338	-17.2K	-8	152.10	N/A	N/A	0	0	5	0
2021-09-21	$41.08	$35.00	25.3%	7.3%	13.3%	10.0%	0.0%	5.4%	14.7%	292	-17.8K	-6	145.76	N/A	N/A	0	0	5	0
2021-09-22	$41.55	$35.00	30.4%	8.7%	13.9%	13.3%	0.0%	6.4%	-0.2%	296	-18.2K	-6	152.13	N/A	N/A	0	0	5	0
2021-09-23	$42.05	$35.00	15.5%	4.4%	14.4%	3.6%	0.0%	5.6%	3.2%	342	-19.0K	-4	141.58	N/A	N/A	0	0	5	0
2021-09-24	$42.06	$35.00	17.3%	4.9%	14.1%	4.8%	0.0%	9.0%	-0.5%	375	-19.0K	-4	128.53	N/A	N/A	1	0	5	0
2021-09-27	$42.16	$35.00	22.1%	6.3%	13.2%	7.9%	0.0%	2.2%	1.2%	316	-19.1K	-4	137.96	N/A	N/A	2	0	5	0
2021-09-28	$41.31	$35.00	46.6%	13.3%	15.0%	23.7%	0.0%	20.3%	-9.1%	443	-19.1K	-11	152.37	N/A	N/A	0	0	6	0
2021-09-29	$41.26	$35.00	28.0%	8.0%	15.0%	11.7%	0.0%	-1.3%	-6.2%	610	-26.5K	-14	136.44	N/A	N/A	2	0	8	0
2021-09-30	$40.89	$35.00	30.2%	8.6%	15.2%	13.1%	0.0%	2.5%	1.4%	610	-25.8K	-13	150.99	N/A	N/A	0	0	8	0