A Options History — July 2021

In July 2021, A traded between $147.40 and $153.25. ATM implied volatility averaged 22.2%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 10.4% (HV 20d: 11.8%). Max pain ranged from $140.00 to $150.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.77.

Notable Days

  • 2021-07-28: Highest Volume — 1,561 contracts
  • 2021-07-14: Largest IV spike — 26.3% change
  • 2021-07-30: Highest IV Rank — 44.6%
  • 2021-07-30: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$149.77$147.40$153.25$147.74$153.25
Max Pain$140.95$140.00$150.00$145.00$150.00
ATM IV22.2%16.0%27.1%16.7%27.1%
Expected Move6.8%4.6%7.8%4.8%7.8%
HV 20d11.8%7.5%14.2%14.2%12.4%
HV 60d16.7%15.5%17.2%17.2%15.5%
IV Rank25.0%0.0%44.6%0.0%44.6%
IV Percentile22.9%0.0%52.4%0.0%52.4%
Term Structure-1.0%-3.6%6.7%5.9%-3.6%
VWIV24.4%17.1%28.0%17.2%27.0%
Skew 25d2.7%1.3%3.6%1.3%2.3%
Skew 10d5.9%3.4%7.6%3.4%5.3%
Call IV 25d23.1%15.9%26.3%16.6%26.3%
Put IV 25d25.8%17.7%28.7%17.9%28.6%
Bid-Ask Spread %60.4444.1871.3644.1871.36
Gamma HHI0.200.110.410.190.15
Net GEX1.8M705.3K3.0M2.2M705.3K
Net DEX-47.3M-56.0M-32.9M-46.7M-44.5M
Net VEX-255.5K-285.7K-226.2K-266.7K-252.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.770.1015.780.310.19
Total Volume545.6671581,561556377
Total OI19,402.71417,24021,30320,03019,881

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$147.74$145.0016.7%4.8%14.2%0.0%17.2%1.3%5.9%2.2M-46.7M-266.7K0.3144.18N/AN/A4241329,08610,944
2021-07-02$148.79$145.0016.0%4.6%14.0%0.0%17.1%1.8%6.7%2.5M-49.4M-285.7K4.8250.15N/AN/A1125409,09710,953
2021-07-06$149.02$140.0017.4%6.6%13.8%5.8%23.9%3.2%-0.5%2.3M-48.3M-279.5K0.9663.22N/AN/A1441389,10011,385
2021-07-07$149.29$140.0017.5%6.7%13.8%6.0%23.7%2.9%-0.7%2.5M-52.2M-257.9K0.5465.54N/AN/A1861019,11811,440
2021-07-08$148.47$140.0018.8%6.9%13.9%11.1%25.1%2.9%-1.1%2.2M-47.0M-282.5K0.8856.91N/AN/A89789,22011,453
2021-07-09$149.92$140.0016.3%6.7%12.6%1.0%23.6%3.2%-0.9%2.8M-56.0M-250.4K0.1063.12N/AN/A329349,23311,499
2021-07-12$149.71$140.0018.1%6.8%12.7%8.5%24.2%2.8%-1.0%2.7M-54.7M-240.9K0.7158.19N/AN/A3972829,16111,496
2021-07-13$149.35$140.0018.5%6.8%12.7%10.2%25.3%3.0%-1.2%2.5M-52.2M-256.0K1.5158.37N/AN/A63959,29511,683
2021-07-14$148.62$140.0023.4%6.7%12.8%29.9%24.1%2.7%-0.6%2.3M-49.7M-234.8K0.6564.07N/AN/A3862509,29811,705
2021-07-15$149.08$140.0023.7%6.8%12.2%30.9%23.4%3.1%-1.1%3.0M-49.5M-251.6K0.6054.79N/AN/A2321409,38511,780
2021-07-16$148.98$140.0023.9%6.8%7.5%31.7%23.7%2.6%-1.5%2.2M-48.1M-247.4K0.2752.59N/AN/A7972129,43411,869
2021-07-19$147.40$140.0026.8%7.7%7.8%43.4%28.0%3.6%-2.1%833.6K-32.9M-263.3K1.7357.78N/AN/A1662887,3469,894
2021-07-20$149.50$140.0024.9%7.1%9.2%36.0%24.5%2.9%-1.8%1.0M-38.7M-270.8K0.1766.70N/AN/A479817,3869,942
2021-07-21$148.80$140.0024.3%7.0%9.4%33.3%24.6%2.6%-1.9%975.1K-38.1M-254.3K0.4466.61N/AN/A208927,54510,007
2021-07-22$150.28$140.0024.1%6.9%9.9%32.7%25.2%2.6%-1.9%1.2M-43.9M-237.0K3.9968.09N/AN/A1204797,59010,066
2021-07-23$152.21$140.0024.6%7.0%10.7%34.6%24.7%2.9%-2.1%1.4M-50.5M-239.2K0.3757.98N/AN/A5211957,6399,951
2021-07-26$150.28$140.0025.5%7.3%11.9%38.2%25.7%2.4%-2.8%1.3M-45.6M-226.2K1.7756.25N/AN/A2564537,6389,951
2021-07-27$149.79$140.0026.6%7.6%11.9%42.6%27.8%2.7%-3.0%1.3M-42.1M-248.7K0.8558.66N/AN/A2902467,87310,067
2021-07-28$151.69$140.0027.0%7.7%12.5%44.5%26.0%2.4%-3.3%1.4M-49.7M-249.8K15.7871.16N/AN/A931,4687,92310,440
2021-07-29$152.93$140.0026.1%7.5%12.4%40.8%26.9%2.3%-3.3%1.5M-52.5M-269.7K0.5763.54N/AN/A3101768,04910,635
2021-07-30$153.25$150.0027.1%7.8%12.4%44.6%27.0%2.3%-3.6%705.3K-44.5M-252.7K0.1971.36N/AN/A316618,09811,783