A Options History — April 2022

In April 2022, A traded between $118.23 and $136.70. ATM implied volatility averaged 33.1%, placing in the 61.1% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded below realized volatility by 0.6% (HV 20d: 33.7%). Max pain ranged from $130.00 to $140.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.24.

Notable Days

  • 2022-04-12: Highest Volume — 6,408 contracts
  • 2022-04-11: Largest IV spike — 46.6% change
  • 2022-04-11: Highest IV Rank — 98.5%
  • 2022-04-26: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$127.19$118.23$136.70$133.12$120.07
Max Pain$133.75$130.00$140.00$140.00$130.00
ATM IV33.1%25.2%43.6%25.2%35.0%
Expected Move9.1%7.5%11.9%7.5%10.0%
HV 20d33.7%29.4%36.6%32.0%35.9%
HV 60d33.0%31.1%34.7%31.3%34.0%
IV Rank61.1%32.7%98.5%32.7%67.7%
IV Percentile82.8%48.4%99.6%48.4%90.5%
Term Structure-0.2%-7.5%1.7%1.0%-0.6%
VWIV32.6%28.0%43.1%29.4%36.1%
Skew 25d7.3%-0.3%10.1%5.0%-0.3%
Skew 10d17.4%6.6%25.9%8.6%6.6%
Call IV 25d30.1%25.2%40.8%25.2%40.8%
Put IV 25d37.3%30.1%45.6%30.1%40.6%
Bid-Ask Spread %71.4764.0979.1879.1870.80
Gamma HHI0.170.120.410.170.12
Net GEX-1.8M-5.5M-228.2K-740.4K-1.2M
Net DEX37.6M8.5M80.6M19.6M47.2M
Net VEX-458.6K-586.1K-346.4K-352.4K-516.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.273.443.440.76
Total Volume3,210.654226,4083,3582,431
Total OI24,521.6517,71728,85617,71727,606

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$133.12$140.0025.2%7.5%32.0%32.7%29.4%5.0%1.0%-740.4K19.6M-352.4K3.4479.18N/AN/A7562,6028,5129,205
2022-04-04$134.61$140.0025.3%8.0%31.1%33.1%28.6%5.0%-0.8%-1.5M18.0M-347.7K2.8174.30N/AN/A7472,0978,52110,395
2022-04-05$133.62$140.0027.1%7.6%31.1%39.8%32.4%7.5%0.8%-2.4M24.6M-346.4K2.2965.40N/AN/A1,1512,6318,52511,624
2022-04-06$132.53$140.0030.2%7.7%29.4%50.6%33.3%7.7%1.1%-3.1M35.5M-381.3K1.2773.79N/AN/A2,1572,7468,90913,543
2022-04-07$136.70$135.0030.9%8.3%31.4%53.2%31.0%9.6%0.5%-1.7M12.2M-394.4K0.5368.24N/AN/A1,3287039,11513,947
2022-04-08$135.33$135.0029.7%8.3%30.1%49.0%30.3%7.5%0.0%-2.7M19.6M-392.8K0.5772.89N/AN/A1,1896789,15713,940
2022-04-11$131.49$135.0043.6%8.8%30.9%98.5%31.5%9.3%1.2%-4.4M44.2M-369.4K0.4169.79N/AN/A1,7797219,18913,943
2022-04-12$125.26$135.0042.4%9.3%34.7%94.2%31.2%8.0%-0.9%-2.7M80.6M-356.8K0.7171.76N/AN/A3,7572,65110,18413,978
2022-04-13$128.41$135.0028.8%8.3%34.1%45.9%28.8%8.3%0.6%-5.5M52.4M-483.2K1.3069.15N/AN/A2,2352,90313,16613,879
2022-04-14$126.53$135.0032.2%9.2%33.6%58.0%33.6%7.5%-0.1%-1.3M66.3M-503.5K1.8472.79N/AN/A1,9723,62814,10614,750
2022-04-18$123.37$135.0031.9%9.1%33.4%56.7%31.6%7.3%0.4%-1.0M35.7M-489.3K0.5564.09N/AN/A2,2261,23312,50410,945
2022-04-19$126.47$130.0032.0%9.2%35.1%57.1%31.4%9.4%-1.2%-272.5K18.6M-544.4K0.9371.09N/AN/A1,3151,22013,50811,139
2022-04-20$129.64$130.0028.9%8.3%36.1%46.1%28.0%7.6%1.3%-228.2K8.5M-586.1K1.1567.64N/AN/A1,6521,90613,58411,851
2022-04-21$125.38$130.0032.4%9.3%35.7%58.5%31.7%8.3%0.0%-739.1K26.4M-543.1K1.4973.90N/AN/A1,4262,12613,70211,877
2022-04-22$122.30$130.0036.8%10.6%35.9%74.4%35.2%8.3%-0.2%-976.1K40.1M-544.5K1.3673.62N/AN/A1,1861,61413,75812,644
2022-04-25$121.39$130.0037.9%10.9%35.9%78.1%36.0%7.4%-2.1%-1.1M42.3M-535.7K1.1174.29N/AN/A1,1001,22213,95812,853
2022-04-26$118.33$130.0041.5%11.9%36.6%91.1%43.1%10.1%-7.5%-1.2M54.9M-490.9K1.1673.84N/AN/A1,0871,26614,08212,924
2022-04-27$118.23$130.0035.4%10.1%34.9%69.2%35.2%7.4%0.1%-1.3M57.8M-475.9K0.2772.54N/AN/A3338914,25113,085
2022-04-28$121.04$130.0034.8%10.0%35.9%67.0%34.4%4.3%1.7%-1.3M47.0M-517.5K0.8570.25N/AN/A1,2671,08314,48813,086
2022-04-29$120.07$130.0035.0%10.0%35.9%67.7%36.1%-0.3%-0.6%-1.2M47.2M-516.4K0.7670.80N/AN/A1,3811,05014,51713,089