A Options History — April 2021

In April 2021, A traded between $127.61 and $137.39. ATM implied volatility averaged 23.0%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 6.3% (HV 20d: 16.7%). Max pain ranged from $120.00 to $125.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.31.

Notable Days

  • 2021-04-14: Highest Volume — 2,424 contracts
  • 2021-04-14: Largest IV spike — 52.4% change
  • 2021-04-27: Highest IV Rank — 38.5%
  • 2021-04-27: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$132.92$127.61$137.39$127.61$133.46
Max Pain$121.43$120.00$125.00$120.00$125.00
ATM IV23.0%16.9%26.3%20.1%25.4%
Expected Move7.2%5.8%7.5%5.8%7.3%
HV 20d16.7%15.0%19.0%18.4%16.0%
HV 60d24.1%21.6%25.7%25.7%21.6%
IV Rank20.0%0.0%38.5%0.0%34.7%
IV Percentile8.8%0.0%23.4%0.0%15.5%
Term Structure-0.4%-1.7%5.2%5.2%-1.7%
VWIV25.7%20.7%27.8%20.7%26.5%
Skew 25d3.4%2.3%4.5%2.7%3.1%
Skew 10d7.8%5.2%12.4%5.2%6.0%
Call IV 25d24.1%20.3%25.5%20.3%25.1%
Put IV 25d27.5%23.0%29.0%23.0%28.3%
Bid-Ask Spread %75.9370.1087.4887.4882.15
Gamma HHI0.250.100.490.390.11
Net GEX2.0M603.1K4.7M2.5M603.1K
Net DEX-40.1M-57.5M-28.9M-30.7M-29.7M
Net VEX-300.0K-315.7K-287.7K-303.9K-299.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.310.075.120.491.41
Total Volume593.048922,424340123
Total OI17,566.47615,42920,43217,42117,434

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$127.61$120.0020.1%5.8%18.4%0.0%20.7%2.7%5.2%2.5M-30.7M-303.9K0.4987.48N/AN/A2281128,4578,964
2021-04-05$129.93$120.0021.3%7.4%19.0%4.0%27.3%4.5%0.7%3.2M-39.3M-299.0K1.4871.92N/AN/A831238,3508,997
2021-04-06$130.74$120.0020.8%7.4%18.9%2.5%26.5%3.8%0.3%3.5M-42.9M-300.6K0.8371.59N/AN/A7596288,3079,071
2021-04-07$129.23$120.0019.4%7.2%16.8%0.0%26.7%3.6%0.1%3.7M-34.5M-315.7K0.8771.63N/AN/A3463008,5709,449
2021-04-08$130.74$120.0018.9%7.1%16.9%0.0%25.4%4.1%0.3%4.0M-42.1M-315.2K1.8773.01N/AN/A761428,6879,585
2021-04-09$131.57$120.0018.4%7.2%16.6%0.0%25.7%3.3%0.3%4.0M-47.5M-306.8K1.0072.36N/AN/A1041048,7019,755
2021-04-12$131.18$120.0020.9%7.4%16.4%8.9%26.3%3.2%-0.1%4.7M-44.8M-306.9K1.6773.55N/AN/A661108,6879,835
2021-04-13$133.20$120.0016.9%7.0%16.0%0.0%27.7%3.8%0.4%2.9M-55.6M-296.0K2.1773.56N/AN/A5691,2368,6949,901
2021-04-14$131.71$120.0025.8%7.4%16.7%30.4%25.4%3.5%-0.4%4.5M-48.9M-300.4K3.9170.10N/AN/A4941,9308,9619,941
2021-04-15$133.71$120.0024.7%7.1%16.9%26.8%24.6%3.9%-0.7%888.9K-54.6M-305.6K1.0073.66N/AN/A2142148,80811,623
2021-04-16$134.16$120.0023.7%6.8%16.8%23.2%23.5%3.5%-0.5%712.2K-57.5M-292.5K0.4075.92N/AN/A216878,87211,560
2021-04-19$133.45$120.0024.9%7.1%17.1%27.4%25.1%3.2%-1.3%802.7K-32.2M-287.7K0.8572.27N/AN/A2321986,8858,544
2021-04-20$132.54$120.0024.9%7.1%17.5%27.5%27.8%3.2%-1.2%728.7K-28.9M-303.4K1.4874.64N/AN/A1852747,0018,686
2021-04-21$133.58$120.0024.8%7.1%16.4%26.9%24.9%3.0%-1.1%737.7K-32.3M-294.2K0.6476.74N/AN/A56367,0998,915
2021-04-22$134.36$120.0025.2%7.2%15.9%32.2%27.4%3.7%-1.0%778.2K-32.5M-301.3K5.1277.66N/AN/A1728817,1038,948
2021-04-23$136.63$125.0024.9%7.1%16.4%32.4%25.2%2.9%-1.3%772.9K-37.6M-303.0K0.1979.07N/AN/A383737,1379,302
2021-04-26$137.39$125.0025.4%7.3%15.0%35.0%25.2%3.3%-1.2%966.4K-41.2M-294.8K1.0174.29N/AN/A1131147,3049,314
2021-04-27$136.90$125.0026.3%7.5%15.3%38.5%26.6%2.3%-1.6%887.7K-40.2M-293.7K0.0776.64N/AN/A692457,3389,387
2021-04-28$135.21$125.0025.7%7.4%16.4%35.9%26.2%3.1%-1.7%887.4K-36.3M-291.4K0.7883.73N/AN/A111877,9049,416
2021-04-29$134.07$125.0025.2%7.2%15.8%34.1%25.6%3.2%-1.7%749.3K-32.7M-288.3K0.3182.46N/AN/A4111277,9159,489
2021-04-30$133.46$125.0025.4%7.3%16.0%34.7%26.5%3.1%-1.7%603.1K-29.7M-299.3K1.4182.15N/AN/A51727,8649,570