SECT Options History — May 2022

In May 2022, SECT traded between $37.09 and $40.74. ATM implied volatility averaged 37.9%, placing in the 46.7% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 6.4% (HV 20d: 31.5%). Max pain ranged from $38.00 to $39.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 2.76.

Notable Days

2022-05-03: Highest Volume — 59 contracts
2022-05-09: Largest IV spike — 105.9% change
2022-05-09: Highest IV Rank — 87.1%
2022-05-26: Largest Expected Move — 15.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.62	$37.09	$40.74	$39.09	$39.94
Max Pain	$38.14	$38.00	$39.00	$39.00	$38.00
ATM IV	37.9%	25.9%	62.2%	31.7%	35.3%
Expected Move	10.2%	7.3%	15.2%	9.1%	10.1%
HV 20d	31.5%	21.1%	36.3%	21.1%	34.8%
HV 60d	25.0%	21.5%	26.6%	21.5%	26.4%
IV Rank	46.7%	26.6%	87.1%	36.4%	42.4%
IV Percentile	70.4%	40.1%	98.8%	63.9%	71.8%
Term Structure	-1.0%	-19.9%	15.9%	3.2%	-8.2%
VWIV	27.4%	19.7%	37.2%	28.5%	27.8%
Skew 25d	7.0%	-4.4%	36.4%	8.8%	4.6%
Skew 10d	13.6%	-1.4%	25.5%	13.3%	4.2%
Call IV 25d	29.1%	15.3%	40.6%	30.2%	31.0%
Put IV 25d	36.2%	29.8%	51.7%	39.0%	35.6%
Bid-Ask Spread %	131.49	118.95	146.02	134.46	139.53
Gamma HHI	0.23	0.19	0.31	0.19	0.25
Net GEX	-4.3K	-8.1K	79	-4.1K	-664
Net DEX	59.2K	437	109.7K	61.4K	10.1K
Net VEX	-348	-462	-207	-442	-207
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.76	2.47	6.00	6.00	2.91
Total Volume	53.952	43	59	49	43
Total OI	99.19	88	105	95	88

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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-05-02	$39.09	$39.00	31.7%	9.1%	21.1%	36.4%	28.5%	8.8%	3.2%	-4.1K	61.4K	-442	6.00	134.46	N/A	N/A	7	42	31	64
2022-05-03	$39.51	$39.00	42.9%	12.3%	21.6%	55.0%	24.9%	-0.4%	-5.6%	-4.5K	53.7K	-432	2.47	137.86	N/A	N/A	17	42	31	64
2022-05-04	$40.74	$39.00	51.3%	14.7%	24.4%	68.9%	24.4%	3.5%	-19.9%	79	437	-462	2.47	146.02	N/A	N/A	17	42	41	64
2022-05-05	$39.09	$38.00	31.6%	10.0%	28.2%	36.1%	28.5%	20.8%	-9.7%	-2.4K	33.0K	-440	2.47	118.95	N/A	N/A	17	42	41	64
2022-05-06	$39.14	$38.00	30.2%	10.3%	27.9%	33.8%	28.9%	18.2%	-2.3%	-3.2K	46.5K	-462	2.47	126.48	N/A	N/A	17	42	41	64
2022-05-09	$37.62	$38.00	62.2%	7.9%	30.6%	87.1%	30.6%	2.8%	9.3%	-5.5K	81.4K	-378	2.47	122.54	N/A	N/A	17	42	41	64
2022-05-10	$37.88	$38.00	50.6%	7.3%	30.6%	67.8%	28.5%	4.1%	-0.0%	-8.1K	93.0K	-344	2.47	126.89	N/A	N/A	17	42	41	64
2022-05-11	$37.31	$38.00	31.2%	9.0%	30.8%	35.5%	30.8%	1.1%	9.3%	-6.4K	91.7K	-367	2.47	119.00	N/A	N/A	17	42	41	64
2022-05-12	$37.09	$38.00	38.6%	11.1%	29.9%	47.7%	28.5%	-1.1%	-18.0%	-6.4K	108.1K	-352	2.47	125.33	N/A	N/A	17	42	41	64
2022-05-13	$38.27	$38.00	25.9%	7.4%	32.7%	26.6%	25.3%	-2.5%	7.1%	-6.4K	76.8K	-345	2.47	129.02	N/A	N/A	17	42	41	64
2022-05-16	$38.33	$38.00	26.4%	7.6%	32.7%	27.5%	25.8%	2.8%	6.5%	-6.6K	78.2K	-336	2.47	128.21	N/A	N/A	17	42	41	64
2022-05-17	$39.22	$38.00	31.3%	9.0%	33.5%	35.7%	37.2%	14.3%	-1.4%	-4.5K	47.9K	-337	2.47	129.56	N/A	N/A	17	42	41	64
2022-05-18	$37.83	$38.00	27.4%	7.9%	35.4%	29.2%	30.1%	5.5%	6.0%	-4.8K	66.9K	-316	2.47	130.84	N/A	N/A	17	42	41	64
2022-05-19	$37.84	$38.00	27.7%	7.9%	35.0%	29.6%	26.1%	0.2%	7.7%	-5.6K	83.6K	-317	2.47	136.27	N/A	N/A	17	42	41	64
2022-05-20	$37.42	$38.00	41.4%	11.9%	34.7%	52.4%	26.9%	-4.4%	-2.0%	-6.3K	109.7K	-285	2.47	127.73	N/A	N/A	17	42	41	64
2022-05-23	$38.40	$38.00	28.2%	8.1%	36.3%	30.6%	26.3%	-4.4%	10.4%	-4.5K	54.8K	-289	2.91	130.60	N/A	N/A	11	32	34	54
2022-05-24	$38.17	$38.00	29.1%	8.3%	35.4%	32.0%	27.5%	1.2%	15.9%	-4.3K	57.5K	-291	2.91	138.84	N/A	N/A	11	32	34	54
2022-05-25	$38.67	$38.00	50.1%	14.4%	35.8%	66.9%	23.6%	16.3%	-10.9%	-2.8K	46.5K	-313	2.91	136.20	N/A	N/A	11	32	34	54
2022-05-26	$39.27	$38.00	52.9%	15.2%	35.5%	71.6%	24.9%	36.4%	-6.3%	-1.9K	26.4K	-297	2.91	131.65	N/A	N/A	11	32	34	54
2022-05-27	$40.12	$38.00	50.1%	14.4%	34.8%	67.0%	19.7%	19.5%	-11.3%	-1.2K	15.5K	-305	2.91	145.24	N/A	N/A	11	32	34	54
2022-05-31	$39.94	$38.00	35.3%	10.1%	34.8%	42.4%	27.8%	4.6%	-8.2%	-664	10.1K	-207	2.91	139.53	N/A	N/A	11	32	34	54