A Options History — March 2024

In March 2024, A traded between $138.50 and $149.35. ATM implied volatility averaged 25.1%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 1.5% (HV 20d: 23.6%). Max pain ranged from $130.00 to $145.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2024-03-22: Highest Volume — 4,138 contracts
  • 2024-03-13: Largest IV drop — 31.0% change
  • 2024-03-12: Highest IV Rank — 58.3%
  • 2024-03-05: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$146.43$138.50$149.35$138.50$146.24
Max Pain$140.75$130.00$145.00$130.00$145.00
ATM IV25.1%22.4%34.1%24.6%22.5%
Expected Move6.9%6.4%7.4%7.0%6.4%
HV 20d23.6%21.3%26.1%23.5%21.8%
HV 60d24.2%23.2%24.8%23.6%24.5%
IV Rank25.3%15.5%58.3%20.6%16.2%
IV Percentile33.8%10.7%92.1%27.8%11.5%
Term Structure1.3%-0.2%4.0%-0.2%1.5%
VWIV24.2%22.4%25.9%25.3%22.5%
Skew 25d1.3%0.8%1.9%0.9%1.2%
Skew 10d3.4%0.3%4.6%2.8%3.0%
Call IV 25d23.7%21.9%25.2%24.9%21.9%
Put IV 25d25.0%23.0%27.1%25.8%23.1%
Bid-Ask Spread %65.7045.4977.2445.4961.40
Gamma HHI0.260.120.420.210.31
Net GEX3.0M1.2M4.1M3.0M3.3M
Net DEX-75.4M-101.4M-51.1M-57.0M-61.0M
Net VEX-295.0K-345.3K-269.3K-294.6K-331.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.042.002.000.21
Total Volume1,252.72004,138805878
Total OI19,840.315,94621,55918,98721,151

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$138.50$130.0024.6%7.0%23.5%20.6%25.3%0.9%-0.2%3.0M-57.0M-294.6K2.0045.49N/AN/A2685379,9579,030
2024-03-04$143.25$135.0026.2%7.3%26.1%26.9%25.8%1.7%0.7%3.3M-77.3M-282.6K0.4254.65N/AN/A9223849,9879,264
2024-03-05$144.19$135.0027.9%7.4%26.1%33.7%25.9%1.9%0.9%3.5M-81.5M-290.1K0.4560.94N/AN/A95143210,3829,375
2024-03-06$146.81$140.0027.4%7.3%26.0%31.9%25.6%1.7%0.9%3.3M-91.5M-282.3K0.4159.06N/AN/A55722610,2829,560
2024-03-07$149.35$140.0026.3%7.2%24.4%27.7%25.8%1.9%0.8%3.4M-101.4M-281.7K0.5959.80N/AN/A57933910,4379,621
2024-03-08$148.89$140.0024.2%7.1%24.4%19.3%24.8%1.5%0.9%3.5M-100.2M-281.8K0.4760.61N/AN/A59527710,5479,832
2024-03-11$147.26$140.0029.3%7.2%24.4%39.6%24.6%1.7%4.0%3.7M-92.9M-277.4K0.4267.28N/AN/A44618910,7509,946
2024-03-12$148.03$140.0034.1%6.9%24.2%58.3%25.5%1.5%1.1%3.6M-95.8M-271.0K0.9962.53N/AN/A30630210,73010,043
2024-03-13$147.98$140.0023.5%6.7%21.3%16.4%23.8%1.4%1.4%4.1M-95.8M-269.3K0.1266.63N/AN/A4205110,77110,148
2024-03-14$144.74$140.0023.9%6.9%22.8%23.5%24.2%1.5%1.5%2.1M-78.8M-273.5K0.2870.09N/AN/A37910810,83610,161
2024-03-15$148.15$140.0023.5%6.7%23.2%21.4%23.7%1.3%1.3%1.2M-92.1M-270.2K0.0770.38N/AN/A2,19314910,90210,162
2024-03-18$146.61$140.0023.7%6.8%23.8%22.3%23.4%1.0%1.4%1.4M-51.1M-270.8K0.5573.02N/AN/A1,9801,0877,8088,138
2024-03-19$147.20$140.0023.4%6.7%23.7%21.1%23.3%1.4%1.6%2.3M-57.7M-314.9K0.4472.18N/AN/A155689,2129,156
2024-03-20$147.43$145.0022.6%6.5%23.7%16.6%22.4%1.3%1.8%2.3M-59.1M-300.1K0.9077.24N/AN/A105959,2429,190
2024-03-21$148.98$145.0022.4%6.4%21.7%15.5%22.4%0.8%1.3%2.6M-64.3M-302.4K1.1672.97N/AN/A2322689,3139,266
2024-03-22$147.38$145.0022.8%6.5%22.4%17.8%22.7%1.4%2.0%2.4M-57.7M-302.7K0.0573.76N/AN/A3,9441949,3809,353
2024-03-25$145.59$145.0025.2%7.2%23.0%30.2%25.1%0.9%0.6%3.1M-61.1M-323.8K0.2372.14N/AN/A2,68062810,6979,447
2024-03-26$144.98$145.0024.6%7.0%23.1%26.9%24.5%0.8%0.8%3.7M-61.3M-345.3K0.0466.89N/AN/A6793011,7219,838
2024-03-27$147.06$145.0023.3%6.7%21.6%20.4%23.2%1.1%1.8%3.6M-69.8M-333.4K0.2166.97N/AN/A1,17224911,3289,843
2024-03-28$146.24$145.0022.5%6.4%21.8%16.2%22.5%1.2%1.5%3.3M-61.0M-331.6K0.2161.40N/AN/A72415411,12310,028