A Options History — March 2022

In March 2022, A traded between $127.58 and $139.60. ATM implied volatility averaged 31.6%, placing in the 57.8% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 3.9% (HV 20d: 35.5%). Max pain ranged from $135.00 to $145.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 1.04.

Notable Days

  • 2022-03-01: Highest Volume — 4,429 contracts
  • 2022-03-02: Largest IV drop — 15.8% change
  • 2022-03-01: Highest IV Rank — 100.0%
  • 2022-03-08: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$134.21$127.58$139.60$132.03$133.42
Max Pain$138.26$135.00$145.00$135.00$140.00
ATM IV31.6%23.6%44.0%40.1%25.6%
Expected Move9.5%7.6%12.9%11.5%7.8%
HV 20d35.5%32.6%38.4%34.7%33.2%
HV 60d30.4%28.8%31.9%29.0%31.4%
IV Rank57.8%27.2%100.0%100.0%34.4%
IV Percentile78.8%39.3%100.0%100.0%54.0%
Term Structure0.5%-4.9%2.9%-4.9%1.8%
VWIV34.9%26.8%51.9%41.9%30.2%
Skew 25d7.2%3.8%10.4%9.7%5.7%
Skew 10d15.0%8.3%22.5%13.3%10.1%
Call IV 25d29.0%23.9%35.0%35.0%26.4%
Put IV 25d36.2%28.6%44.7%44.7%32.1%
Bid-Ask Spread %74.2064.5782.9368.6882.93
Gamma HHI0.180.130.310.140.16
Net GEX823.8K-224.6K1.7M687.6K-64.5K
Net DEX1.9M-18.6M22.9M6.3M12.4M
Net VEX-355.4K-384.4K-324.6K-372.6K-343.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.272.141.072.14
Total Volume2,959.1741,6784,4294,4292,464
Total OI18,104.39114,15420,55718,42816,863

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$132.03$135.0040.1%11.5%34.7%100.0%41.9%9.7%-4.9%687.6K6.3M-372.6K1.0768.68N/AN/A2,1412,2889,1539,275
2022-03-02$133.24$135.0033.8%9.7%34.4%73.7%34.6%9.1%-0.6%865.0K3.3M-368.4K1.3169.92N/AN/A1,5662,0489,2999,293
2022-03-03$136.95$135.0034.9%10.0%34.4%78.4%34.1%8.4%-0.4%1.5M-10.3M-383.6K0.9871.92N/AN/A2,0942,0579,3629,307
2022-03-04$133.61$135.0038.1%10.9%34.7%91.8%40.4%8.4%0.5%1.0M1.2M-384.4K1.3170.83N/AN/A1,5842,0759,8749,357
2022-03-07$130.61$135.0044.0%12.6%35.4%100.0%50.0%10.4%-1.0%577.6K11.0M-364.8K1.6472.21N/AN/A1,4512,3799,9479,431
2022-03-08$129.63$135.0037.4%12.9%35.3%76.3%51.9%9.5%-0.2%430.9K12.9M-358.0K1.5577.62N/AN/A1,4802,29310,0259,463
2022-03-09$133.61$135.0033.5%10.7%37.3%62.4%48.8%9.1%-0.5%1.0M2.0M-372.0K0.8774.37N/AN/A1,6671,45210,0569,476
2022-03-10$133.84$135.0032.9%10.4%35.7%60.5%35.9%9.9%0.6%915.7K3.0M-362.9K0.9673.57N/AN/A1,6321,56410,3279,460
2022-03-11$130.43$135.0035.0%11.2%35.8%68.0%46.7%7.2%-0.9%398.3K11.6M-349.3K0.8078.93N/AN/A1,5891,27010,4069,504
2022-03-14$127.58$145.0036.1%10.2%35.4%71.9%34.9%7.6%-0.6%-224.6K22.9M-324.6K0.8464.57N/AN/A1,5721,32310,4079,459
2022-03-15$130.32$140.0035.6%9.9%36.2%70.0%33.0%7.3%-1.4%42.4K15.0M-337.0K0.8065.82N/AN/A1,6121,29110,4579,595
2022-03-16$134.29$140.0031.0%8.8%37.9%53.5%31.5%5.9%0.6%1.0M164.6K-338.5K0.8273.85N/AN/A1,6071,31710,4589,563
2022-03-17$136.57$140.0030.6%9.0%38.4%52.0%30.3%7.2%0.8%1.7M-10.1M-337.3K1.0575.74N/AN/A1,8631,96310,4269,574
2022-03-18$138.96$140.0028.0%8.4%36.3%42.9%29.4%6.3%1.2%1.7M-18.6M-349.4K0.8375.37N/AN/A2,0031,65810,8029,755
2022-03-21$137.67$140.0027.2%8.4%36.3%40.1%32.1%7.3%1.5%606.4K-3.7M-344.1K0.2771.59N/AN/A1,5444217,0737,081
2022-03-22$139.60$140.0024.5%7.8%36.1%30.3%28.7%6.0%1.9%1.5M-14.4M-356.4K0.7173.41N/AN/A1,0567467,9227,112
2022-03-23$134.56$140.0028.1%8.3%36.7%43.2%29.5%6.9%2.2%765.6K2.9M-353.3K0.6274.95N/AN/A1,5179458,1247,264
2022-03-24$136.18$140.0027.2%8.3%36.7%40.1%28.0%4.8%2.0%1.1M-4.5M-361.6K0.6874.41N/AN/A1,3619308,4357,415
2022-03-25$135.21$140.0027.1%8.5%34.1%39.5%28.9%3.8%2.6%1.0M-1.1M-359.1K1.1980.46N/AN/A9541,1358,4837,422
2022-03-28$135.12$140.0026.5%8.1%32.6%37.5%27.6%4.1%1.6%748.1K3.6M-350.6K1.5480.96N/AN/A9511,4688,4837,846
2022-03-29$138.39$140.0023.6%7.6%33.2%27.2%26.8%4.7%2.9%1.1M-8.2M-358.5K1.1975.73N/AN/A9361,1168,4608,117
2022-03-30$134.97$140.0025.9%7.8%34.5%35.4%27.2%5.3%1.4%334.1K7.3M-343.9K0.8478.70N/AN/A9127668,4568,334
2022-03-31$133.42$140.0025.6%7.8%33.2%34.4%30.2%5.7%1.8%-64.5K12.4M-343.1K2.1482.93N/AN/A7851,6798,5128,351