A Options History — December 2024

In December 2024, A traded between $133.43 and $143.93. ATM implied volatility averaged 25.1%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 1.3% (HV 20d: 26.4%). Max pain ranged from $130.00 to $135.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.33.

Notable Days

  • 2024-12-09: Highest Volume — 2,741 contracts
  • 2024-12-09: Largest IV spike — 9.2% change
  • 2024-12-18: Highest IV Rank — 41.5%
  • 2024-12-18: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$137.75$133.43$143.93$139.85$134.10
Max Pain$130.95$130.00$135.00$135.00$135.00
ATM IV25.1%22.7%27.8%25.0%23.3%
Expected Move7.1%6.5%8.0%7.2%6.7%
HV 20d26.4%20.4%29.5%29.5%20.4%
HV 60d26.9%25.6%27.9%26.5%25.7%
IV Rank27.2%14.4%41.5%26.5%17.7%
IV Percentile41.5%9.9%74.6%40.1%18.7%
Term Structure0.9%-0.9%2.7%-0.9%1.9%
VWIV24.7%21.9%28.1%25.2%22.8%
Skew 25d1.8%-1.9%4.0%1.5%2.2%
Skew 10d4.4%0.7%10.9%3.9%10.9%
Call IV 25d24.0%21.6%27.6%24.4%22.4%
Put IV 25d25.8%21.2%28.8%25.9%24.5%
Bid-Ask Spread %75.9549.5585.6565.2885.65
Gamma HHI0.200.130.450.200.15
Net GEX2.4M-4.0M6.0M3.8M1.0M
Net DEX-40.5M-97.3M-2.1M-61.5M-11.2M
Net VEX-367.5K-392.9K-335.3K-372.7K-335.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.1010.570.510.63
Total Volume952.811752,7411,404178
Total OI26,262.90519,02329,73727,30220,001

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$139.85$135.0025.0%7.2%29.5%26.5%25.2%1.5%-0.9%3.8M-61.5M-372.7K0.5165.28N/AN/A93047415,12812,174
2024-12-03$139.06$135.0024.5%7.0%29.0%23.8%25.1%1.0%-0.5%3.4M-53.6M-386.2K0.5355.44N/AN/A27614515,41812,381
2024-12-04$141.16$135.0024.6%7.1%29.4%24.6%24.8%1.0%-0.3%4.5M-71.4M-379.4K0.3949.55N/AN/A1,03240515,51712,331
2024-12-05$138.03$130.0024.8%6.9%29.4%25.4%24.2%2.0%1.2%3.2M-48.1M-386.9K0.5674.50N/AN/A39221916,02312,392
2024-12-06$140.38$130.0024.4%6.8%29.3%23.6%24.3%1.6%1.3%4.7M-67.0M-385.1K0.4578.14N/AN/A59026516,13912,350
2024-12-09$143.93$130.0026.7%7.0%29.5%35.6%28.1%1.3%0.9%6.0M-97.3M-385.5K2.3378.13N/AN/A8231,91816,34512,449
2024-12-10$142.07$130.0026.8%7.1%28.3%36.0%24.6%1.3%0.5%5.5M-80.8M-391.6K0.6581.36N/AN/A45029316,48712,865
2024-12-11$141.24$130.0025.8%7.4%28.5%31.1%24.7%2.1%-0.5%5.1M-74.8M-392.9K0.1081.24N/AN/A1,05210616,55912,903
2024-12-12$140.89$130.0025.5%7.3%28.5%29.4%25.4%1.8%0.7%4.9M-66.2M-389.5K0.5380.29N/AN/A49426416,34712,940
2024-12-13$139.26$130.0025.2%7.2%26.3%27.5%25.4%2.3%1.0%3.8M-49.9M-381.6K0.3381.07N/AN/A57619016,30213,116
2024-12-16$137.22$130.0026.5%7.6%25.4%34.4%25.4%3.3%1.0%2.2M-33.4M-363.8K0.2477.14N/AN/A1,73242315,98713,170
2024-12-17$137.22$130.0027.3%7.8%25.1%38.7%26.6%2.2%-0.0%1.9M-32.4M-372.2K1.1173.31N/AN/A47052416,17813,197
2024-12-18$133.43$130.0027.8%8.0%27.4%41.5%27.8%1.0%-0.2%-437.4K-2.1M-358.0K3.6779.08N/AN/A3321,21816,05713,235
2024-12-19$133.93$130.0026.4%7.6%27.1%34.3%26.8%2.6%2.7%-614.5K-6.4M-355.3K0.5077.13N/AN/A96348116,19113,013
2024-12-20$134.61$130.0025.5%7.3%25.4%29.2%25.0%2.4%1.0%-4.0M-8.1M-350.9K0.9875.40N/AN/A27226716,65013,087
2024-12-23$134.34$130.0024.1%6.9%24.5%22.1%23.8%4.0%1.5%658.4K-11.5M-335.5K0.1379.54N/AN/A83710610,2138,810
2024-12-24$135.74$130.0022.7%6.5%24.8%14.4%22.9%2.3%2.0%1.3M-19.6M-347.5K10.5785.62N/AN/A3739110,8658,832
2024-12-26$135.64$130.0023.4%6.7%24.7%18.3%22.4%2.0%1.7%1.3M-19.5M-346.5K1.3778.07N/AN/A19726910,9038,845
2024-12-27$135.37$130.0023.5%6.7%21.0%18.6%22.6%-1.9%2.5%1.2M-18.3M-355.5K2.2479.34N/AN/A5412111,0579,032
2024-12-30$135.21$130.0023.3%6.7%21.0%17.6%21.9%2.3%1.7%1.2M-16.7M-344.9K0.1979.64N/AN/A2053811,0628,970
2024-12-31$134.10$135.0023.3%6.7%20.4%17.7%22.8%2.2%1.9%1.0M-11.2M-335.3K0.6385.65N/AN/A1096911,0088,993