SECT Options History — March 2023

In March 2023, SECT traded between $38.83 and $41.35. ATM implied volatility averaged 33.7%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 16.8% (HV 20d: 16.9%). Max pain ranged from $27.00 to $27.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 6 of 23 days.

Notable Days

  • 2023-03-24: Highest Volume — 10 contracts
  • 2023-03-15: Largest IV drop — 67.3% change
  • 2023-03-14: Highest IV Rank — 88.3%
  • 2023-03-02: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.89$38.83$41.35$40.63$40.48
Max Pain$27.00$27.00$27.00$27.00$27.00
ATM IV33.7%17.6%97.7%38.9%17.6%
Expected Move7.3%4.9%11.4%11.1%5.0%
HV 20d16.9%12.6%19.8%14.6%19.4%
HV 60d16.8%16.2%17.3%16.9%16.6%
IV Rank22.6%6.1%88.3%28.0%6.1%
IV Percentile36.7%2.0%99.6%57.5%2.0%
Term Structure-1.9%-14.3%13.9%-12.8%-2.6%
Skew 25d4.4%-2.7%11.1%3.6%0.6%
Skew 10d2.6%0.0%12.6%0.7%0.2%
Call IV 25d20.8%14.8%30.2%29.0%18.5%
Put IV 25d25.2%15.9%32.7%32.7%19.2%
Bid-Ask Spread %140.38105.98152.59144.82141.03
Gamma HHI1.001.001.001.001.00
Net GEX-76-43700-297
Net DEX69204.4K02.3K
Net VEX-8-5000-28
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.43501000
Total OI11.2170161610

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$40.63$27.0038.9%11.1%14.6%28.0%0.0%3.6%-12.8%0000.00144.82N/AN/A00016
2023-03-02$40.83$27.0039.7%11.4%12.6%28.8%0.0%1.0%-14.3%0000.00145.60N/AN/A00016
2023-03-03$41.35$27.0020.8%6.0%13.6%9.4%0.0%2.5%5.6%0000.00140.31N/AN/A00016
2023-03-06$41.20$0.0021.9%5.1%13.6%10.5%0.0%2.4%-1.5%0000.00137.72N/AN/A00016
2023-03-07$40.70$0.0031.9%4.9%14.0%20.9%0.0%1.2%-0.5%0000.00132.48N/AN/A00016
2023-03-08$40.64$0.0043.0%5.9%13.0%32.2%0.0%8.1%4.7%0000.00141.11N/AN/A00016
2023-03-09$39.81$0.0054.2%7.8%14.4%43.7%0.0%1.7%-1.2%0000.00105.98N/AN/A00016
2023-03-10$38.97$0.0041.3%6.3%15.8%30.5%0.0%6.7%0.6%0000.00139.01N/AN/A00016
2023-03-13$39.00$0.0064.4%7.4%15.8%54.2%0.0%4.8%-0.7%0000.00142.98N/AN/A00016
2023-03-14$39.34$0.0097.7%9.7%15.9%88.3%0.0%5.3%-8.8%-1200.00152.59N/AN/A00016
2023-03-15$38.83$0.0032.0%9.2%15.9%20.9%0.0%7.9%-7.1%0000.00146.01N/AN/A00016
2023-03-16$39.64$0.0027.9%8.0%18.2%16.7%0.0%11.1%13.9%0000.00140.74N/AN/A00016
2023-03-17$39.04$0.0027.6%7.9%18.6%16.4%0.0%8.5%-4.7%0000.00146.26N/AN/A00016
2023-03-20$39.38$0.0033.3%9.5%19.0%22.2%0.0%8.2%-5.3%0000.00147.03N/AN/A0000
2023-03-21$40.06$0.0018.8%5.4%19.3%7.4%0.0%3.7%-0.3%0000.00138.81N/AN/A0000
2023-03-22$39.59$0.0026.4%7.6%19.6%15.2%0.0%3.0%-5.9%0000.00141.02N/AN/A0000
2023-03-23$39.33$0.0025.0%7.2%19.2%13.7%0.0%-0.2%2.1%0000.00139.08N/AN/A0000
2023-03-24$39.38$0.0029.2%8.4%18.8%18.0%0.0%3.9%-2.4%0000.00140.97N/AN/A01000
2023-03-27$39.64$0.0026.4%7.6%18.9%15.2%0.0%9.0%8.0%-3564.4K-500.00147.09N/AN/A00010
2023-03-28$39.45$0.0018.1%5.2%19.0%6.7%0.0%10.3%-0.1%-3202.8K-370.00136.74N/AN/A00010
2023-03-29$40.03$0.0019.3%5.5%19.8%7.9%0.0%1.0%-4.4%-3353.9K-490.00141.10N/AN/A00010
2023-03-30$40.11$0.0019.1%5.5%19.7%7.6%0.0%-2.7%-5.8%-4372.4K-300.00140.22N/AN/A00010
2023-03-31$40.48$0.0017.6%5.0%19.4%6.1%0.0%0.6%-2.6%-2972.3K-280.00141.03N/AN/A00010