A Options History — May 2022

In May 2022, A traded between $113.07 and $130.18. ATM implied volatility averaged 40.3%, placing in the 69.8% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 2.5% (HV 20d: 42.8%). Max pain ranged from $125.00 to $130.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.44.

Notable Days

  • 2022-05-24: Highest Volume — 8,178 contracts
  • 2022-05-09: Largest IV spike — 36.1% change
  • 2022-05-09: Highest IV Rank — 100.0%
  • 2022-05-12: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$121.57$113.07$130.18$119.09$128.17
Max Pain$127.86$125.00$130.00$130.00$125.00
ATM IV40.3%30.5%53.2%39.2%32.6%
Expected Move11.3%8.7%13.2%11.2%9.3%
HV 20d42.8%35.9%46.8%35.9%46.8%
HV 60d37.3%33.8%38.9%33.8%38.6%
IV Rank69.8%38.9%100.0%82.8%44.5%
IV Percentile92.9%69.8%100.0%98.0%77.4%
Term Structure-2.3%-4.6%2.5%-1.3%-1.9%
VWIV40.1%31.4%48.2%40.3%34.5%
Skew 25d8.0%5.0%12.1%9.9%6.2%
Skew 10d21.2%11.5%33.7%19.7%15.8%
Call IV 25d36.6%27.8%43.3%37.8%30.8%
Put IV 25d44.7%33.5%52.0%47.7%37.0%
Bid-Ask Spread %63.9745.3174.6173.1466.96
Gamma HHI0.140.090.230.120.10
Net GEX-921.6K-3.0M2.2M-1.3M1.5M
Net DEX34.5M-29.5M77.4M54.6M-14.8M
Net VEX-513.7K-624.0K-419.1K-489.0K-557.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.543.170.551.24
Total Volume3,145.2861,8098,1782,7772,236
Total OI29,042.23823,33231,34627,76829,525

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$119.09$130.0039.2%11.2%35.9%82.8%40.3%9.9%-1.3%-1.3M54.6M-489.0K0.5573.14N/AN/A1,78699114,64213,126
2022-05-03$122.12$130.0038.1%10.9%37.1%78.9%36.1%7.6%-0.2%-1.2M39.3M-540.0K0.9565.00N/AN/A1,5811,50715,05613,123
2022-05-04$126.32$130.0032.3%9.3%39.5%58.3%32.5%6.8%2.5%-1.3M12.7M-624.0K0.8971.20N/AN/A1,6291,45715,11513,404
2022-05-05$121.60$130.0040.0%11.1%41.4%85.7%38.2%8.4%-1.6%-1.3M44.2M-532.2K0.7660.52N/AN/A1,4501,10515,14413,383
2022-05-06$121.27$130.0039.1%11.3%39.3%82.5%39.9%7.8%-2.2%-1.3M43.6M-532.0K0.8562.42N/AN/A1,3251,12115,19813,418
2022-05-09$113.07$130.0053.2%11.8%45.4%100.0%41.9%10.5%-3.5%-1.2M73.2M-419.1K2.7761.07N/AN/A1,3433,71515,20713,424
2022-05-10$116.56$130.0050.2%12.7%46.8%91.9%41.5%9.6%-2.6%-1.8M67.4M-475.0K3.1762.11N/AN/A7132,26015,42614,497
2022-05-11$114.21$130.0043.9%12.6%44.4%75.0%43.4%10.4%-4.6%-1.7M77.4M-449.3K1.5664.60N/AN/A7231,12615,47714,584
2022-05-12$115.38$130.0045.9%13.2%43.4%80.3%43.5%9.2%-1.9%-1.7M71.2M-466.4K1.5369.37N/AN/A7151,09415,47114,667
2022-05-13$119.56$130.0041.5%11.9%45.6%68.6%42.3%8.6%-4.0%-2.5M57.2M-512.2K1.6063.59N/AN/A8081,29115,52914,658
2022-05-16$120.30$130.0041.5%11.9%44.9%68.6%41.9%9.2%-2.3%-2.8M54.4M-493.7K1.2770.54N/AN/A9601,21715,56514,824
2022-05-17$122.56$125.0040.1%11.5%44.5%64.7%37.9%8.0%-2.8%-3.0M42.8M-497.5K1.9573.93N/AN/A1,0111,97215,76914,901
2022-05-18$120.71$130.0043.6%12.5%43.6%74.2%42.7%5.0%-4.5%-2.2M48.2M-489.0K0.5474.61N/AN/A1,85999715,97714,491
2022-05-19$122.63$125.0039.6%11.4%42.6%63.5%42.4%8.4%-2.7%-2.2M34.6M-518.9K2.4862.36N/AN/A1,2253,04116,81914,527
2022-05-20$124.73$125.0043.6%12.5%42.1%74.3%45.3%5.2%-4.4%730.8K17.0M-520.6K2.3769.39N/AN/A1,1262,67016,79614,401
2022-05-23$125.45$125.0040.9%11.7%42.0%66.8%43.2%6.9%-3.0%565.7K-827.7K-533.1K0.8862.39N/AN/A1,10497113,29810,034
2022-05-24$124.80$125.0042.0%12.1%40.9%70.0%48.2%12.1%-4.5%539.4K4.8M-513.4K1.3447.19N/AN/A3,5014,67713,46110,392
2022-05-25$120.51$125.0036.4%10.4%43.0%54.8%40.2%6.2%-2.2%-35.6K20.2M-524.9K1.7045.31N/AN/A1,5262,59415,92513,945
2022-05-26$123.84$125.0031.8%9.1%43.3%42.4%35.0%7.2%-0.5%673.4K6.1M-528.7K1.0361.22N/AN/A1,2681,31215,83813,605
2022-05-27$130.18$125.0030.5%8.7%46.4%38.9%31.4%5.7%-0.5%2.2M-29.5M-571.7K0.9256.42N/AN/A1,5881,45615,85113,394
2022-05-31$128.17$125.0032.6%9.3%46.8%44.5%34.5%6.2%-1.9%1.5M-14.8M-557.7K1.2466.96N/AN/A1,0001,23615,81013,715