SECT Options History — January 2022

In January 2022, SECT traded between $40.72 and $45.30. ATM implied volatility averaged 32.9%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 16.7% (HV 20d: 16.2%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.50.

Notable Days

2022-01-18: Highest Volume — 13 contracts
2022-01-20: Largest IV spike — 61.5% change
2022-01-26: Highest IV Rank — 33.6%
2022-01-26: Largest Expected Move — 17.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.09	$40.72	$45.30	$45.16	$42.08
Max Pain	$45.00	$45.00	$45.00	$45.00	$45.00
ATM IV	32.9%	19.7%	61.9%	34.6%	28.3%
Expected Move	9.2%	5.1%	17.7%	9.9%	8.1%
HV 20d	16.2%	14.9%	18.6%	16.5%	18.6%
HV 60d	15.7%	14.4%	17.2%	14.4%	17.2%
IV Rank	14.9%	6.3%	33.6%	16.0%	11.9%
IV Percentile	63.6%	23.6%	96.2%	74.8%	53.9%
Term Structure	-6.6%	-23.5%	-0.0%	-2.5%	-1.4%
VWIV	33.7%	31.4%	35.5%	34.2%	35.5%
Skew 25d	8.2%	1.8%	23.3%	3.0%	23.3%
Skew 10d	7.1%	0.1%	26.0%	4.9%	18.0%
Call IV 25d	22.7%	12.4%	49.5%	24.4%	18.9%
Put IV 25d	30.9%	17.9%	66.6%	27.4%	42.2%
Bid-Ask Spread %	140.81	118.22	156.49	143.84	124.73
Gamma HHI	0.54	0.37	0.66	0.51	0.60
Net GEX	787	-560	2.1K	1.7K	-560
Net DEX	-2.0K	-16.8K	13.7K	-16.8K	11.0K
Net VEX	-39	-49	-26	-47	-39
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.00	1.25	0.00	1.25
Total Volume	9.3	8	13	8	9
Total OI	9.05	8	13	8	9

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$45.16	$45.00	34.6%	9.9%	16.5%	16.0%	34.2%	3.0%	-2.5%	1.7K	-16.8K	-47	0.00	143.84	N/A	N/A	8	0	8	0
2022-01-04	$45.30	$45.00	32.1%	9.2%	15.6%	14.4%	31.4%	3.4%	-7.4%	1.7K	-16.5K	-45	0.00	149.17	N/A	N/A	8	0	8	0
2022-01-05	$44.47	$45.00	32.0%	9.2%	15.5%	14.3%	35.5%	2.1%	-10.7%	1.7K	-12.9K	-41	0.00	145.13	N/A	N/A	8	0	8	0
2022-01-06	$44.47	$0.00	24.3%	5.1%	15.4%	9.3%	0.0%	5.1%	-1.5%	1.9K	-11.9K	-39	0.00	147.13	N/A	N/A	8	0	8	0
2022-01-07	$44.10	$0.00	26.4%	6.5%	15.5%	10.7%	0.0%	11.2%	-0.0%	2.0K	-11.2K	-38	0.00	118.22	N/A	N/A	8	0	8	0
2022-01-10	$43.71	$0.00	27.6%	6.6%	15.7%	11.4%	0.0%	10.7%	-1.7%	1.8K	-9.5K	-34	0.00	128.93	N/A	N/A	8	0	8	0
2022-01-11	$44.59	$0.00	33.0%	8.6%	17.1%	14.9%	0.0%	20.2%	-2.6%	1.4K	-13.7K	-37	0.00	135.20	N/A	N/A	8	0	8	0
2022-01-12	$44.51	$0.00	34.7%	10.0%	16.7%	16.1%	0.0%	6.4%	-6.1%	1.3K	-14.3K	-38	0.00	156.49	N/A	N/A	8	0	8	0
2022-01-13	$44.22	$0.00	26.9%	7.7%	16.3%	11.0%	0.0%	6.3%	-8.1%	1.8K	-11.2K	-33	0.00	146.29	N/A	N/A	8	0	8	0
2022-01-14	$44.07	$0.00	26.6%	7.6%	16.0%	10.8%	0.0%	1.8%	-5.1%	2.1K	-8.4K	-26	0.00	135.40	N/A	N/A	8	0	8	0
2022-01-18	$43.12	$0.00	36.9%	10.6%	17.8%	17.5%	0.0%	6.4%	-9.1%	1.4K	-8.9K	-26	0.63	145.44	N/A	N/A	8	5	8	0
2022-01-19	$42.73	$0.00	19.7%	5.6%	17.0%	6.3%	0.0%	2.3%	-2.6%	-196	8.4K	-45	0.63	135.76	N/A	N/A	8	5	8	5
2022-01-20	$42.16	$0.00	31.7%	9.1%	15.9%	14.1%	0.0%	2.8%	-5.5%	95	8.1K	-49	0.63	139.43	N/A	N/A	8	5	8	5
2022-01-21	$41.37	$0.00	24.3%	7.0%	16.6%	9.4%	0.0%	3.6%	-3.4%	-552	11.9K	-41	0.63	147.59	N/A	N/A	8	5	8	5
2022-01-24	$41.42	$0.00	38.7%	11.1%	15.8%	18.6%	0.0%	12.5%	-12.7%	-540	13.4K	-35	1.25	131.58	N/A	N/A	4	5	4	5
2022-01-25	$41.40	$0.00	50.5%	14.5%	15.2%	26.2%	0.0%	11.0%	-11.6%	-286	9.3K	-48	1.25	153.11	N/A	N/A	4	5	4	5
2022-01-26	$41.03	$0.00	61.9%	17.7%	15.1%	33.6%	0.0%	17.1%	-23.5%	-194	8.4K	-49	1.25	151.58	N/A	N/A	4	5	4	5
2022-01-27	$40.72	$0.00	39.0%	11.2%	14.9%	18.8%	0.0%	2.0%	-15.1%	-323	11.0K	-41	1.25	136.18	N/A	N/A	4	5	4	5
2022-01-28	$41.09	$0.00	28.9%	8.3%	15.8%	12.3%	0.0%	12.2%	-1.4%	-559	13.7K	-33	1.25	144.97	N/A	N/A	4	5	4	5
2022-01-31	$42.08	$0.00	28.3%	8.1%	18.6%	11.9%	0.0%	23.3%	-1.4%	-560	11.0K	-39	1.25	124.73	N/A	N/A	4	5	4	5