A Options History — July 2022

In July 2022, A traded between $114.58 and $134.16. ATM implied volatility averaged 33.9%, placing in the 47.5% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 1.9% (HV 20d: 32.0%). Max pain ranged from $120.00 to $130.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.29.

Notable Days

  • 2022-07-18: Highest Volume — 6,618 contracts
  • 2022-07-11: Largest IV spike — 24.5% change
  • 2022-07-12: Highest IV Rank — 65.6%
  • 2022-07-26: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$122.46$114.58$134.16$119.45$134.16
Max Pain$125.25$120.00$130.00$120.00$125.00
ATM IV33.9%27.4%40.6%31.4%31.1%
Expected Move9.8%8.9%10.5%9.0%8.9%
HV 20d32.0%26.0%37.6%30.0%35.5%
HV 60d38.4%37.3%39.5%39.5%39.2%
IV Rank47.5%30.0%65.6%41.4%39.7%
IV Percentile74.2%44.0%94.0%64.7%56.7%
Term Structure-1.9%-3.3%3.6%3.6%-2.0%
VWIV35.2%32.1%40.0%32.1%33.0%
Skew 25d7.5%6.6%9.1%7.2%6.6%
Skew 10d16.0%13.0%19.4%14.5%13.3%
Call IV 25d31.4%28.7%33.5%29.2%28.7%
Put IV 25d38.9%35.3%42.4%36.4%35.3%
Bid-Ask Spread %70.6763.6775.3170.5873.41
Gamma HHI0.120.100.180.100.11
Net GEX640.1K-1.1M2.4M-179.8K2.4M
Net DEX-9.0M-63.1M39.0M19.3M-63.1M
Net VEX-441.3K-490.5K-345.8K-451.0K-472.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.362.431.181.02
Total Volume2,761.251,4866,6181,6472,319
Total OI26,78619,95630,82229,27624,285

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-07-01$119.45$120.0031.4%9.0%30.0%41.4%32.1%7.2%3.6%-179.8K19.3M-451.0K1.1870.58N/AN/A75589217,05612,220
2022-07-05$120.26$130.0033.9%10.4%30.3%48.1%37.2%8.2%-3.1%-45.2K11.9M-438.4K1.9563.67N/AN/A51099517,17012,019
2022-07-06$121.31$130.0034.1%10.0%30.6%48.2%33.8%9.1%-2.6%75.4K2.1M-433.4K2.0269.97N/AN/A49299417,13911,815
2022-07-07$122.86$125.0030.0%9.2%30.7%37.3%32.1%6.9%-1.2%259.7K-6.4M-444.5K2.3872.15N/AN/A4701,11717,20211,868
2022-07-08$122.91$125.0027.4%9.0%30.4%30.0%33.8%6.8%-1.4%173.1K-5.8M-431.5K2.4369.70N/AN/A6241,51617,23812,012
2022-07-11$123.03$125.0034.1%9.7%29.6%48.1%35.6%7.1%-3.1%54.4K-5.8M-440.3K2.3474.17N/AN/A6881,61317,41712,442
2022-07-12$119.27$125.0040.6%10.1%30.1%65.6%37.7%7.6%-2.4%-841.4K18.1M-420.3K1.9867.48N/AN/A6461,27617,49112,884
2022-07-13$118.48$125.0033.8%9.7%26.0%47.0%33.3%6.7%-0.7%-1.1M21.6M-405.9K1.0170.18N/AN/A1,2301,24017,52412,948
2022-07-14$115.68$125.0035.7%10.2%27.4%52.2%34.6%7.5%-2.0%-909.0K39.0M-386.2K2.3372.00N/AN/A1,3023,03417,82612,996
2022-07-15$118.46$125.0032.7%9.4%28.7%44.0%32.2%7.0%-1.4%-1.1M10.9M-385.5K0.9768.16N/AN/A2,5732,48617,71411,816
2022-07-18$114.58$125.0036.3%10.4%30.4%53.7%35.7%7.5%-1.6%-246.7K19.1M-345.8K0.3674.71N/AN/A4,8761,74211,5908,366
2022-07-19$119.21$125.0034.4%9.9%33.1%48.7%37.0%8.0%-2.6%1.3M-9.7M-438.8K0.8373.21N/AN/A1,9851,65414,8038,959
2022-07-20$120.16$125.0034.2%9.8%33.0%47.9%36.3%7.5%-1.9%1.4M-12.8M-447.3K0.9072.06N/AN/A1,1831,06614,7969,102
2022-07-21$126.86$125.0036.0%10.3%37.6%53.0%34.5%7.6%-2.4%1.8M-40.9M-490.5K0.4169.29N/AN/A2,7451,12914,6429,134
2022-07-22$124.74$125.0034.0%9.8%36.2%47.6%36.6%7.1%-1.7%2.0M-31.3M-487.1K0.7770.28N/AN/A1,3091,00415,1979,406
2022-07-25$123.67$125.0035.8%10.3%35.7%52.5%38.9%7.7%-2.7%1.8M-23.5M-467.8K0.9273.02N/AN/A97289815,1329,712
2022-07-26$125.14$125.0036.5%10.5%35.9%54.3%34.6%9.1%-3.2%1.9M-29.5M-478.5K0.4269.25N/AN/A2,15291015,1009,777
2022-07-27$128.00$125.0032.6%9.3%34.3%43.7%40.0%7.2%-2.2%2.0M-40.3M-473.6K1.0475.31N/AN/A9731,01114,6659,791
2022-07-28$130.97$125.0033.6%9.6%34.9%46.4%36.1%7.4%-3.3%2.1M-52.6M-488.0K0.6264.82N/AN/A1,7571,08714,5669,900
2022-07-29$134.16$125.0031.1%8.9%35.5%39.7%33.0%6.6%-2.0%2.4M-63.1M-472.3K1.0273.41N/AN/A1,1491,17014,17810,107