A Options History — August 2023

In August 2023, A traded between $117.50 and $128.28. ATM implied volatility averaged 28.0%, placing in the 33.7% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 3.1% (HV 20d: 24.9%). Max pain ranged from $125.00 to $125.00. Net GEX was positive for 2 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 1.29.

Notable Days

  • 2023-08-15: Highest Volume — 7,500 contracts
  • 2023-08-09: Largest IV drop — 23.4% change
  • 2023-08-08: Highest IV Rank — 71.5%
  • 2023-08-02: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$123.17$117.50$128.28$122.75$120.94
Max Pain$125.00$125.00$125.00$125.00$125.00
ATM IV28.0%20.2%37.5%33.1%21.2%
Expected Move7.7%5.8%10.0%9.5%6.1%
HV 20d24.9%18.0%27.0%22.3%18.0%
HV 60d23.9%21.6%26.3%24.7%22.0%
IV Rank33.7%2.6%71.5%54.0%6.3%
IV Percentile40.9%0.4%95.6%79.0%3.2%
Term Structure-1.0%-6.3%1.7%-5.8%1.6%
VWIV27.0%20.8%35.8%33.6%20.8%
Skew 25d2.2%0.3%3.8%3.8%1.8%
Skew 10d4.7%-1.1%9.0%9.0%2.1%
Call IV 25d26.2%20.7%34.6%32.2%20.7%
Put IV 25d28.4%22.2%37.5%36.0%22.5%
Bid-Ask Spread %69.4455.8778.8973.8178.89
Gamma HHI0.250.160.680.250.18
Net GEX-1.2M-7.8M68.8K-1.5M-612.5K
Net DEX5.2M-22.1M53.4M10.4M13.6M
Net VEX-290.0K-319.9K-246.8K-274.5K-307.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.086.600.240.08
Total Volume1,576.2612237,5007961,117
Total OI21,779.47818,32228,87419,73321,197

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$122.75$125.0033.1%9.5%22.3%54.0%33.6%3.8%-5.8%-1.5M10.4M-274.5K0.2473.81N/AN/A6441529,54310,190
2023-08-02$127.69$125.0034.9%10.0%26.0%61.1%35.8%2.9%-6.3%-177.4K-13.3M-288.5K0.3769.38N/AN/A6012259,88410,194
2023-08-03$125.33$125.0035.4%8.3%26.7%63.2%28.8%3.4%-2.3%-789.8K-3.7M-291.0K0.3466.11N/AN/A6532209,98410,254
2023-08-04$126.03$125.0034.8%8.2%26.4%61.1%28.5%3.4%-1.7%-431.1K-10.4M-291.4K1.3555.87N/AN/A29039110,38010,405
2023-08-07$126.05$125.0037.4%8.3%26.4%71.1%28.5%3.1%-2.3%-496.0K-10.8M-282.0K0.5363.88N/AN/A49726410,43910,675
2023-08-08$127.89$125.0037.5%8.2%26.7%71.5%29.7%2.9%-2.4%346-18.5M-288.3K2.4767.05N/AN/A19648410,63110,807
2023-08-09$128.28$125.0028.7%8.2%26.5%36.5%29.3%2.5%-1.9%68.8K-22.1M-287.5K0.8767.53N/AN/A32328010,69611,062
2023-08-10$127.34$125.0030.0%8.6%26.6%41.7%29.2%2.2%-2.7%-264.8K-16.6M-287.7K0.3866.30N/AN/A2599810,77111,183
2023-08-11$127.14$125.0029.2%8.4%26.6%38.6%28.9%2.5%-2.2%-349.6K-15.8M-282.3K0.6369.19N/AN/A25616110,83211,191
2023-08-14$126.47$125.0030.0%8.6%26.3%41.6%28.9%2.5%-2.8%-565.7K-12.8M-269.0K0.3061.47N/AN/A1,35940310,90111,257
2023-08-15$125.33$125.0032.8%9.4%26.5%52.8%32.6%2.5%-4.7%-564.5K-6.5M-277.8K0.8063.89N/AN/A4,1563,34411,69111,440
2023-08-16$121.62$125.0025.6%7.3%27.0%23.9%24.9%2.5%0.1%-3.8M27.2M-246.8K1.6163.27N/AN/A1,7582,83514,54513,774
2023-08-17$120.89$125.0025.2%7.2%26.8%22.5%24.6%2.4%0.5%-6.5M34.2M-265.9K3.4568.60N/AN/A6092,10414,45914,415
2023-08-18$119.42$125.0026.1%7.5%24.4%26.2%30.3%0.3%-0.0%-7.8M53.4M-268.9K0.8174.44N/AN/A3,7733,04314,52913,869
2023-08-21$118.52$125.0024.4%7.0%24.4%19.4%24.4%1.4%0.4%-813.3K21.2M-288.1K0.3068.20N/AN/A1,4284269,9458,377
2023-08-22$117.50$125.0025.2%7.2%24.4%22.6%25.1%1.6%0.7%-480.8K21.0M-302.7K0.6271.82N/AN/A31219210,9838,596
2023-08-23$118.97$125.0023.2%6.6%25.0%14.3%23.7%1.7%1.2%-375.7K16.9M-305.9K2.8175.65N/AN/A16746911,0718,664
2023-08-24$119.78$125.0023.9%6.9%25.1%17.4%23.8%1.6%0.8%-62.3K12.9M-318.7K0.4771.51N/AN/A49523111,0978,766
2023-08-25$120.31$125.0022.3%6.4%25.0%11.0%22.6%1.4%1.5%-124.0K10.4M-319.9K6.6072.48N/AN/A7247511,2168,802
2023-08-28$119.79$125.0021.8%6.2%22.6%8.8%22.4%2.1%1.7%-541.4K16.9M-302.7K2.2077.16N/AN/A24553811,2719,007
2023-08-29$122.02$125.0021.2%6.1%23.4%6.3%21.1%1.8%1.5%-228.9K7.4M-314.2K0.5678.58N/AN/A1438011,4559,495
2023-08-30$122.86$125.0020.2%5.8%18.3%2.6%22.6%1.2%1.6%-98.8K3.4M-310.1K2.0272.03N/AN/A16132511,4719,514
2023-08-31$120.94$125.0021.2%6.1%18.0%6.3%20.8%1.8%1.6%-612.5K13.6M-307.3K0.0878.89N/AN/A1,0378011,5449,653