A Options History — February 2024

In February 2024, A traded between $129.19 and $137.94. ATM implied volatility averaged 31.3%, placing in the 47.3% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 7.8% (HV 20d: 23.5%). Max pain ranged from $130.00 to $130.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.50.

Notable Days

  • 2024-02-28: Highest Volume — 3,491 contracts
  • 2024-02-28: Largest IV drop — 32.1% change
  • 2024-02-27: Highest IV Rank — 77.0%
  • 2024-02-27: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$133.58$129.19$137.94$132.86$137.94
Max Pain$130.00$130.00$130.00$130.00$130.00
ATM IV31.3%23.1%38.8%25.4%23.1%
Expected Move9.1%6.6%11.1%8.2%6.6%
HV 20d23.5%21.3%26.4%21.4%24.2%
HV 60d25.9%22.9%28.4%28.4%23.6%
IV Rank47.3%14.7%77.0%23.9%14.7%
IV Percentile75.9%14.7%99.6%40.1%14.7%
Term Structure-3.4%-8.5%0.5%-1.3%0.5%
VWIV32.2%24.1%39.1%29.9%24.1%
Skew 25d2.3%1.2%3.3%2.8%1.4%
Skew 10d5.5%3.1%7.6%6.5%3.4%
Call IV 25d31.2%23.3%38.6%27.9%23.3%
Put IV 25d33.6%24.7%39.8%30.7%24.7%
Bid-Ask Spread %60.7749.5569.5059.3951.31
Gamma HHI0.280.160.700.210.22
Net GEX1.2M-2.3M7.3M1.4M3.0M
Net DEX-36.3M-56.1M-10.4M-37.1M-54.5M
Net VEX-282.1K-310.6K-262.7K-263.9K-290.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.1210.980.540.54
Total Volume1,424.73543,4915351,146
Total OI19,711.1515,60623,27918,48318,855

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$132.86$130.0025.4%8.2%21.4%23.9%29.9%2.8%-1.3%1.4M-37.1M-263.9K0.5459.39N/AN/A3471888,8289,655
2024-02-02$133.05$130.0025.1%8.2%21.3%22.8%29.7%2.9%-1.1%1.5M-37.5M-262.7K10.9863.96N/AN/A1331,4618,9349,764
2024-02-05$133.27$130.0029.4%8.8%21.3%40.0%30.5%2.8%-2.0%321.3K-34.0M-270.8K5.5159.51N/AN/A3702,0378,97411,177
2024-02-06$135.74$130.0026.9%8.5%21.4%29.8%30.3%3.3%-1.7%-189.6K-38.7M-279.1K2.1760.87N/AN/A3677979,16612,765
2024-02-07$132.63$130.0029.6%8.5%21.8%40.7%29.8%2.7%-1.8%-1.4M-21.7M-278.1K1.0761.16N/AN/A1,0781,1539,24712,554
2024-02-08$134.41$130.0030.1%8.6%22.2%42.6%30.9%3.3%-1.9%359.4K-38.0M-279.2K0.8660.61N/AN/A3412929,89811,838
2024-02-09$132.91$130.0030.0%8.6%22.3%42.4%31.0%2.6%-1.8%-439.7K-29.1M-283.1K1.8461.20N/AN/A33962510,06312,022
2024-02-12$132.58$130.0031.9%9.1%22.2%49.6%32.7%2.8%-3.5%-272.7K-29.8M-272.4K0.6561.17N/AN/A31720510,07311,649
2024-02-13$129.19$130.0033.6%9.6%24.2%56.4%33.5%2.9%-3.9%-2.3M-10.4M-265.9K1.0161.55N/AN/A26827210,14811,674
2024-02-14$132.12$130.0032.8%9.4%24.4%53.2%32.3%2.8%-4.1%-1.1M-28.9M-264.2K0.3163.87N/AN/A39612110,14711,703
2024-02-15$134.63$130.0032.9%9.4%24.5%53.7%32.4%2.4%-3.5%2.1M-46.6M-264.8K0.1363.95N/AN/A2,79035310,34711,755
2024-02-16$134.83$130.0033.0%9.5%24.5%54.0%33.9%1.5%-3.9%7.3M-52.0M-295.5K0.2562.08N/AN/A1,39334511,29711,982
2024-02-20$134.37$130.0034.6%9.9%24.3%60.3%34.7%1.6%-4.8%1.2M-35.1M-294.4K0.2261.88N/AN/A1,6143567,9677,639
2024-02-21$135.19$130.0034.2%9.8%24.2%59.0%34.7%1.4%-4.8%2.0M-45.8M-310.6K1.3363.99N/AN/A1622159,2297,761
2024-02-22$132.31$130.0035.4%10.1%24.9%63.6%35.3%1.7%-5.5%1.7M-35.3M-308.5K0.1265.94N/AN/A1,2431539,3277,906
2024-02-23$132.13$130.0034.2%9.8%24.9%58.9%33.5%2.0%-4.7%1.5M-30.1M-290.2K0.6669.50N/AN/A2131418,8457,961
2024-02-26$131.57$130.0038.4%11.0%24.8%75.6%38.2%2.9%-7.9%1.5M-28.8M-285.2K0.6153.16N/AN/A6874178,8857,974
2024-02-27$133.04$130.0038.8%11.1%24.8%77.0%39.1%1.2%-8.5%1.8M-35.8M-288.7K0.6449.55N/AN/A1,6241,0449,1877,978
2024-02-28$136.88$130.0026.3%7.5%26.4%27.6%26.7%1.6%-1.0%3.2M-56.1M-294.8K0.4960.81N/AN/A2,3481,14310,4078,642
2024-02-29$137.94$130.0023.1%6.6%24.2%14.7%24.1%1.4%0.5%3.0M-54.5M-290.0K0.5451.31N/AN/A7454019,8958,960