A Options History — August 2022

In August 2022, A traded between $128.35 and $142.70. ATM implied volatility averaged 31.7%, placing in the 41.3% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 5.4% (HV 20d: 37.1%). Max pain ranged from $120.00 to $125.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.90.

Notable Days

2022-08-17: Highest Volume — 11,165 contracts
2022-08-10: Largest IV drop — 23.5% change
2022-08-09: Highest IV Rank — 64.0%
2022-08-02: Largest Expected Move — 11.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$133.24	$128.35	$142.70	$133.39	$128.79
Max Pain	$123.04	$120.00	$125.00	$125.00	$125.00
ATM IV	31.7%	26.9%	40.1%	33.7%	29.8%
Expected Move	8.8%	7.7%	11.1%	9.7%	8.5%
HV 20d	37.1%	31.7%	39.5%	35.8%	38.2%
HV 60d	36.0%	34.5%	38.7%	38.7%	35.3%
IV Rank	41.3%	28.3%	64.0%	46.6%	35.9%
IV Percentile	57.0%	30.2%	92.9%	71.8%	45.2%
Term Structure	-0.2%	-4.5%	1.5%	-3.6%	1.1%
VWIV	32.1%	27.3%	39.9%	35.8%	29.8%
Skew 25d	5.6%	2.3%	7.5%	6.8%	5.8%
Skew 10d	12.0%	6.2%	17.3%	15.8%	9.3%
Call IV 25d	29.0%	23.9%	35.7%	31.5%	28.4%
Put IV 25d	34.7%	29.2%	42.5%	38.2%	34.1%
Bid-Ask Spread %	62.10	50.40	82.88	75.76	56.13
Gamma HHI	0.12	0.10	0.29	0.11	0.10
Net GEX	1.8M	-549.0K	5.1M	2.1M	786.8K
Net DEX	-46.2M	-115.9M	-10.6M	-55.5M	-13.1M
Net VEX	-447.2K	-499.6K	-394.5K	-472.8K	-401.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.90	0.19	3.69	1.02	0.61
Total Volume	2,019.739	333	11,165	2,319	2,493
Total OI	25,281.739	19,945	33,363	24,346	22,690

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-08-01	$133.39	$125.00	33.7%	9.7%	35.8%	46.6%	35.8%	6.8%	-3.6%	2.1M	-55.5M	-472.8K	1.02	75.76	N/A	N/A	1,148	1,171	14,038	10,308
2022-08-02	$131.57	$125.00	38.6%	11.1%	36.4%	60.2%	39.9%	6.8%	-4.5%	1.9M	-47.2M	-484.8K	0.71	81.29	N/A	N/A	1,338	955	14,505	10,530
2022-08-03	$134.77	$125.00	34.6%	9.9%	37.1%	49.1%	36.7%	5.3%	-1.9%	2.2M	-62.2M	-499.6K	0.75	82.88	N/A	N/A	1,334	995	14,954	10,607
2022-08-04	$133.74	$120.00	36.5%	9.2%	37.2%	54.4%	34.3%	6.0%	-0.5%	2.1M	-57.0M	-497.1K	0.74	59.59	N/A	N/A	1,183	875	14,935	10,685
2022-08-05	$133.48	$120.00	36.4%	9.1%	37.3%	53.9%	34.9%	6.5%	-0.8%	2.1M	-54.0M	-491.1K	0.74	57.86	N/A	N/A	1,236	918	14,946	10,770
2022-08-08	$132.70	$120.00	38.3%	9.3%	37.4%	59.2%	34.8%	5.8%	-0.8%	2.1M	-51.7M	-483.9K	0.94	52.60	N/A	N/A	997	940	15,012	10,771
2022-08-09	$128.68	$120.00	40.1%	9.6%	37.4%	64.0%	33.8%	7.2%	-1.3%	1.8M	-32.4M	-462.1K	1.30	58.42	N/A	N/A	247	322	15,051	10,868
2022-08-10	$132.69	$120.00	30.6%	8.8%	38.3%	38.3%	32.7%	5.9%	-0.8%	2.3M	-52.3M	-471.8K	0.90	55.23	N/A	N/A	175	158	15,148	11,115
2022-08-11	$131.67	$120.00	32.4%	9.3%	37.1%	43.2%	35.0%	5.9%	-0.4%	2.4M	-48.7M	-466.6K	0.19	61.26	N/A	N/A	327	62	15,158	11,201
2022-08-12	$133.30	$120.00	29.9%	8.6%	36.6%	36.4%	30.4%	6.6%	-0.2%	2.4M	-53.0M	-462.2K	2.26	55.37	N/A	N/A	156	353	14,944	11,218
2022-08-15	$133.93	$120.00	30.6%	8.8%	33.6%	38.2%	32.0%	6.4%	-0.9%	2.4M	-55.8M	-452.9K	3.69	50.40	N/A	N/A	519	1,915	14,991	11,406
2022-08-16	$133.10	$120.00	31.6%	9.1%	31.7%	41.0%	32.1%	5.9%	-0.6%	1.4M	-47.7M	-454.9K	0.97	53.89	N/A	N/A	3,030	2,926	15,131	13,150
2022-08-17	$142.70	$125.00	27.0%	7.7%	39.0%	28.5%	29.2%	2.3%	1.3%	5.1M	-115.9M	-487.7K	0.56	68.91	N/A	N/A	7,169	3,996	17,319	15,399
2022-08-18	$140.21	$125.00	27.4%	7.9%	36.1%	29.5%	28.5%	4.4%	1.0%	-549.0K	-82.0M	-438.1K	0.45	51.03	N/A	N/A	1,501	673	16,378	16,899
2022-08-19	$137.35	$125.00	28.1%	8.1%	36.4%	31.5%	27.3%	4.4%	1.5%	1.8M	-55.3M	-422.6K	0.39	59.56	N/A	N/A	934	363	16,329	17,034
2022-08-22	$133.68	$125.00	29.5%	8.5%	37.9%	35.4%	29.3%	5.0%	1.0%	1.5M	-33.8M	-410.2K	0.71	61.33	N/A	N/A	380	268	12,171	7,774
2022-08-23	$132.62	$125.00	28.5%	8.2%	38.0%	32.5%	28.3%	4.4%	1.0%	1.4M	-30.0M	-406.9K	0.41	66.35	N/A	N/A	612	254	12,309	7,889
2022-08-24	$133.62	$125.00	28.0%	8.0%	37.3%	31.1%	29.5%	7.5%	0.9%	1.6M	-33.3M	-407.3K	0.23	61.19	N/A	N/A	642	145	12,640	8,077
2022-08-25	$135.83	$125.00	26.9%	7.7%	36.9%	28.3%	31.4%	4.2%	0.5%	1.9M	-42.7M	-419.5K	1.48	68.31	N/A	N/A	627	926	12,945	8,123
2022-08-26	$129.90	$125.00	29.1%	8.3%	39.4%	34.2%	28.4%	4.6%	1.4%	795.4K	-17.4M	-400.6K	0.25	70.83	N/A	N/A	572	145	12,852	8,931
2022-08-29	$128.56	$125.00	31.2%	8.9%	39.5%	39.8%	32.0%	5.7%	-0.4%	669.7K	-10.8M	-397.2K	1.20	66.13	N/A	N/A	476	570	12,860	8,984
2022-08-30	$128.35	$125.00	30.7%	8.8%	39.2%	38.6%	31.3%	5.9%	1.3%	629.5K	-10.6M	-394.5K	0.24	54.04	N/A	N/A	345	83	13,103	9,332
2022-08-31	$128.79	$125.00	29.8%	8.5%	38.2%	35.9%	29.8%	5.8%	1.1%	786.8K	-13.1M	-401.3K	0.61	56.13	N/A	N/A	1,550	943	13,334	9,356