A Options History — May 2024

In May 2024, A traded between $130.62 and $154.68. ATM implied volatility averaged 26.5%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 1.0% (HV 20d: 27.6%). Max pain ranged from $135.00 to $145.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.63.

Notable Days

  • 2024-05-30: Highest Volume — 4,995 contracts
  • 2024-05-30: Largest IV drop — 28.0% change
  • 2024-05-29: Highest IV Rank — 72.8%
  • 2024-05-29: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$146.13$130.62$154.68$139.26$130.62
Max Pain$137.27$135.00$145.00$135.00$140.00
ATM IV26.5%22.6%33.5%24.1%23.1%
Expected Move7.8%6.5%9.6%6.9%6.6%
HV 20d27.6%21.7%44.6%27.0%44.4%
HV 60d24.7%23.2%31.5%24.1%31.3%
IV Rank37.0%16.9%72.8%24.5%19.3%
IV Percentile51.6%12.7%92.1%25.4%17.5%
Term Structure-1.6%-5.1%4.1%2.8%0.1%
VWIV27.2%22.2%33.5%23.6%24.0%
Skew 25d1.4%-1.3%3.3%1.1%1.2%
Skew 10d3.4%2.0%6.0%2.2%3.2%
Call IV 25d26.6%22.0%32.5%23.6%23.1%
Put IV 25d28.0%23.0%34.8%24.6%24.3%
Bid-Ask Spread %70.0855.6282.9482.9468.73
Gamma HHI0.230.120.490.160.22
Net GEX2.3M-1.7M4.4M1.3M-1.7M
Net DEX-60.1M-125.3M22.4M-37.5M17.6M
Net VEX-248.7K-279.0K-218.0K-275.4K-226.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.042.630.090.91
Total Volume1,184.7732424,9958861,250
Total OI19,045.90912,86422,78020,29018,909

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$139.26$135.0024.1%6.9%27.0%24.5%23.6%1.1%2.8%1.3M-37.5M-275.4K0.0982.94N/AN/A811759,91010,380
2024-05-02$137.00$135.0024.6%7.1%27.3%27.1%24.2%1.5%3.1%1.2M-27.3M-279.0K0.2672.23N/AN/A2165710,53410,404
2024-05-03$139.24$135.0022.6%6.5%27.3%16.9%22.2%1.0%4.1%1.8M-39.9M-269.4K0.4761.25N/AN/A1657710,61910,434
2024-05-06$140.77$135.0027.0%8.1%27.7%39.2%28.1%1.7%-1.5%2.3M-49.8M-269.4K0.0655.62N/AN/A1,5639710,64710,448
2024-05-07$141.39$135.0023.9%7.9%26.8%23.5%27.7%1.7%-1.6%4.1M-62.3M-270.2K0.0473.54N/AN/A1,5606311,88210,464
2024-05-08$142.88$135.0023.4%7.8%26.7%20.9%27.4%1.6%-1.5%3.5M-63.5M-259.7K0.3073.55N/AN/A2467411,01810,491
2024-05-09$145.12$135.0022.7%7.7%27.3%17.4%26.9%-0.3%-1.8%4.2M-77.1M-249.6K0.2874.54N/AN/A2757810,99910,546
2024-05-10$150.22$135.0023.8%8.0%27.2%22.9%27.8%-1.3%-2.4%4.2M-105.5M-232.8K0.8371.67N/AN/A56447011,07010,559
2024-05-13$147.41$135.0029.6%8.3%28.0%52.7%29.0%1.8%-3.0%4.1M-89.3M-237.1K1.1171.98N/AN/A14015511,07110,865
2024-05-14$151.32$135.0028.7%8.3%28.3%48.2%28.5%1.8%-2.7%3.8M-109.5M-230.7K0.5671.63N/AN/A46326111,09110,868
2024-05-15$154.12$135.0028.0%8.0%27.1%44.5%27.9%1.5%-2.4%3.1M-123.3M-218.0K0.3573.10N/AN/A50817911,24210,988
2024-05-16$154.41$135.0027.6%7.9%25.8%42.5%27.7%0.1%-2.3%2.9M-125.3M-222.3K0.9176.44N/AN/A36032811,37611,018
2024-05-17$154.68$135.0027.0%7.7%25.7%39.5%26.6%1.5%-1.9%4.4M-124.7M-229.7K0.0866.50N/AN/A2,85722911,50311,277
2024-05-20$154.50$140.0027.5%7.9%25.8%41.9%27.6%1.3%-2.6%1.6M-53.3M-234.5K0.9470.79N/AN/A2572427,1325,732
2024-05-21$153.92$140.0027.4%7.9%22.9%41.6%27.5%1.6%-2.7%1.6M-50.9M-233.7K0.0672.93N/AN/A1,713957,2665,832
2024-05-22$153.00$140.0027.7%7.9%21.7%42.8%27.8%1.8%-2.6%2.5M-56.7M-263.5K1.1772.81N/AN/A2192568,6085,915
2024-05-23$150.31$140.0029.0%8.3%23.0%49.8%28.4%2.1%-3.2%2.2M-46.9M-266.0K0.6176.17N/AN/A2261388,7405,997
2024-05-24$150.29$140.0028.2%8.1%23.0%45.4%28.0%2.3%-2.7%2.2M-46.7M-268.9K0.1471.68N/AN/A267388,8196,090
2024-05-28$147.75$140.0030.1%8.6%24.2%55.3%30.3%2.0%-3.9%1.9M-39.2M-257.0K0.8058.32N/AN/A1921538,8416,094
2024-05-29$145.53$140.0033.5%9.6%24.5%72.8%33.5%2.3%-5.1%1.6M-32.6M-254.4K1.3658.28N/AN/A1,7612,3928,9266,160
2024-05-30$131.22$145.0024.1%6.9%44.6%24.4%24.6%3.3%-0.8%-1.1M22.4M-222.7K2.6367.03N/AN/A1,3773,61810,2837,962
2024-05-31$130.62$140.0023.1%6.6%44.4%19.3%24.0%1.2%0.1%-1.7M17.6M-226.6K0.9168.73N/AN/A65659410,5158,394