A Options History — February 2022

In February 2022, A traded between $126.57 and $144.51. ATM implied volatility averaged 32.8%, placing in the 72.2% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 3.6% (HV 20d: 29.2%). Max pain ranged from $135.00 to $150.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.58.

Notable Days

  • 2022-02-22: Highest Volume — 9,350 contracts
  • 2022-02-28: Largest IV spike — 22.6% change
  • 2022-02-22: Highest IV Rank — 95.2%
  • 2022-02-22: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$136.29$126.57$144.51$140.42$129.95
Max Pain$140.00$135.00$150.00$150.00$135.00
ATM IV32.8%28.0%38.0%29.5%35.8%
Expected Move9.5%8.0%10.9%8.5%10.3%
HV 20d29.2%26.7%35.1%26.7%35.1%
HV 60d27.6%26.4%28.8%27.2%28.8%
IV Rank72.2%50.0%95.2%56.2%85.9%
IV Percentile91.2%73.8%99.6%82.1%96.4%
Term Structure-1.7%-4.9%3.0%1.8%-3.9%
VWIV33.2%28.2%42.4%30.3%42.4%
Skew 25d7.0%5.5%8.9%7.2%8.5%
Skew 10d15.0%8.5%21.5%13.6%14.5%
Call IV 25d30.8%25.8%34.5%27.4%32.4%
Put IV 25d37.9%32.6%42.2%34.6%40.9%
Bid-Ask Spread %70.5654.1287.3883.4771.10
Gamma HHI0.140.100.240.130.13
Net GEX-608.8K-1.7M791.0K-832.2K296.8K
Net DEX22.3M5.2M44.2M20.2M16.0M
Net VEX-299.2K-360.5K-254.0K-254.0K-344.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.580.373.192.361.20
Total Volume4,036.2632,3819,3503,0544,267
Total OI16,148.89511,96418,32213,35918,148

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$140.42$150.0029.5%8.5%26.7%56.2%30.3%7.2%1.8%-832.2K20.2M-254.0K2.3683.47N/AN/A9082,1466,6406,719
2022-02-02$144.40$150.0028.0%8.0%27.8%50.0%28.2%6.8%3.0%-481.6K11.0M-291.0K2.3987.38N/AN/A9472,2626,8017,932
2022-02-03$141.54$140.0033.1%9.7%28.1%71.0%33.4%7.2%0.3%-685.7K19.2M-296.8K2.8772.44N/AN/A7422,1316,8907,997
2022-02-04$141.55$140.0031.6%9.4%28.1%64.6%30.8%6.4%-0.4%-737.4K17.7M-289.4K2.9665.72N/AN/A7722,2866,9367,998
2022-02-07$140.09$140.0032.3%10.0%27.4%67.7%32.6%8.9%-1.4%-905.9K20.6M-290.2K2.2670.72N/AN/A1,0142,2946,9748,224
2022-02-08$140.72$140.0029.1%9.4%27.2%54.3%30.8%6.7%-1.5%-718.0K19.9M-279.7K3.1964.12N/AN/A7612,4247,2298,233
2022-02-09$144.51$140.0029.3%8.4%28.2%57.8%29.9%5.6%-0.3%-170.4K9.5M-279.2K1.7670.44N/AN/A8631,5187,2468,265
2022-02-10$141.02$140.0031.2%8.9%28.3%65.9%31.9%5.5%-0.9%-706.2K18.8M-287.7K1.5873.94N/AN/A1,1201,7687,4018,429
2022-02-11$137.18$140.0033.3%9.5%28.6%75.0%32.6%6.9%-2.1%-1.3M30.4M-282.5K1.8177.04N/AN/A1,1472,0747,5678,602
2022-02-14$135.34$140.0035.8%10.3%28.8%86.0%33.8%6.2%-3.4%-1.7M35.9M-268.9K0.5571.10N/AN/A3,1541,7407,6088,848
2022-02-15$135.95$140.0033.4%9.6%26.9%75.5%32.4%7.1%-3.7%-1.4M27.6M-308.7K1.1372.69N/AN/A1,2481,4128,8108,771
2022-02-16$135.26$140.0034.0%9.7%26.8%77.9%33.7%7.5%-4.9%-1.6M30.2M-299.8K1.0472.86N/AN/A1,4121,4678,8278,753
2022-02-17$130.49$140.0034.8%10.0%29.4%81.5%34.8%8.6%-2.3%-1.2M44.2M-291.2K1.0669.70N/AN/A1,6541,7478,9658,811
2022-02-18$132.39$140.0036.2%10.4%29.8%87.5%33.1%5.9%-3.2%-751.0K40.3M-300.2K0.8470.78N/AN/A2,0731,7478,9658,969
2022-02-22$130.77$140.0038.0%10.9%30.0%95.2%36.0%7.7%-4.0%-233.7K17.4M-295.0K0.3758.36N/AN/A6,8052,5455,4866,478
2022-02-23$126.57$135.0035.7%10.2%31.5%85.3%35.2%7.3%-2.3%446.9K21.8M-331.5K0.4854.12N/AN/A5,5362,68210,6617,661
2022-02-24$128.02$135.0033.7%9.7%31.5%76.6%36.3%7.6%-2.0%299.6K17.6M-334.8K1.2564.17N/AN/A2,2612,8308,3358,681
2022-02-25$133.31$135.0029.2%8.4%34.9%57.2%32.0%6.0%-0.5%791.0K5.2M-360.5K0.8670.45N/AN/A2,6512,2818,8679,102
2022-02-28$129.95$135.0035.8%10.3%35.1%85.9%42.4%8.5%-3.9%296.8K16.0M-344.1K1.2071.10N/AN/A1,9432,3248,9999,149