A Options History — March 2026

In March 2026, A traded between $110.20 and $121.05. ATM implied volatility averaged 34.1%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 6.2% (HV 20d: 27.9%). Max pain ranged from $115.00 to $130.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 2.70.

Notable Days

  • 2026-03-19: Highest Volume — 5,277 contracts
  • 2026-03-31: Largest IV drop — 12.8% change
  • 2026-03-30: Highest IV Rank — 31.4%
  • 2026-03-30: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$114.12$110.20$121.05$118.23$114.16
Max Pain$124.32$115.00$130.00$125.00$115.00
ATM IV34.1%31.2%39.9%32.8%34.8%
Expected Move9.8%8.9%11.4%9.4%10.0%
HV 20d27.9%25.7%29.3%27.1%27.4%
HV 60d27.5%26.5%29.2%26.5%29.2%
IV Rank21.0%15.6%31.4%18.5%22.2%
IV Percentile68.9%51.2%92.1%64.7%72.6%
Term Structure0.1%-3.2%2.0%-0.3%-0.1%
VWIV34.4%30.9%39.0%35.4%34.0%
Skew 25d4.4%-1.2%7.1%4.0%7.1%
Skew 10d10.8%2.7%21.6%2.7%21.6%
Call IV 25d31.9%29.5%37.4%31.8%33.2%
Put IV 25d36.3%28.9%42.2%35.8%40.3%
Bid-Ask Spread %42.7816.3888.7270.4826.01
Gamma HHI0.160.130.270.150.15
Net GEX-653.2K-1.9M116.4K-48.1K111.6K
Net DEX21.6M3.1M41.8M16.5M3.1M
Net VEX-358.1K-384.4K-327.5K-373.1K-381.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.700.0817.170.550.08
Total Volume1,267.1821085,2771,401108
Total OI24,166.40917,67628,00424,55519,968

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$118.23$125.0032.8%9.4%27.1%18.5%35.4%4.0%-0.3%-48.1K16.5M-373.1K0.5570.48N/AN/A90349813,24511,310
2026-03-03$118.65$125.0033.3%9.5%26.7%19.3%38.1%4.5%-2.0%-77.0K15.5M-368.8K0.8566.54N/AN/A96982713,28311,234
2026-03-04$121.05$125.0034.3%9.8%28.1%21.2%32.7%5.4%-3.2%116.4K7.4M-384.4K1.0776.66N/AN/A54157713,30411,753
2026-03-05$118.52$130.0033.4%9.0%28.3%19.5%31.2%5.9%1.0%-340.5K19.2M-368.0K4.9777.47N/AN/A4072,02313,31912,013
2026-03-06$115.38$130.0034.1%9.7%28.4%20.9%34.1%-1.2%-0.8%-809.1K29.1M-347.1K1.3781.73N/AN/A57278213,42212,223
2026-03-09$116.06$130.0035.3%9.4%28.6%23.1%30.9%-0.7%1.3%-594.5K27.5M-346.5K0.9788.72N/AN/A53751914,17711,883
2026-03-10$115.81$130.0034.8%9.0%28.2%22.3%37.1%3.1%0.9%-782.3K26.7M-361.5K1.4679.50N/AN/A32347214,27812,185
2026-03-11$115.52$130.0031.3%9.0%27.6%15.7%33.5%2.6%-0.4%-862.9K28.0M-355.0K2.7980.33N/AN/A4641,29514,34312,164
2026-03-12$111.85$130.0034.7%10.9%29.2%22.0%33.5%4.6%1.0%-1.4M40.1M-349.0K17.1725.74N/AN/A1652,83314,44413,294
2026-03-13$111.51$130.0034.7%11.0%28.5%22.0%34.6%5.5%0.2%-1.5M41.8M-348.4K5.1321.43N/AN/A10151814,48513,519
2026-03-16$111.54$130.0035.2%10.1%28.6%22.9%35.7%4.1%-0.5%-1.4M40.5M-343.2K0.3328.28N/AN/A47315414,55213,374
2026-03-17$113.05$130.0031.2%8.9%29.3%15.6%31.5%4.8%0.3%-1.4M37.2M-341.5K1.7121.63N/AN/A43574614,43813,384
2026-03-18$111.25$125.0033.6%9.5%27.8%20.0%31.0%3.1%1.4%-1.4M39.0M-327.6K1.4824.42N/AN/A35552514,46513,088
2026-03-19$111.94$125.0033.3%9.5%28.2%19.4%35.6%5.0%0.1%-1.3M30.0M-340.6K15.4924.56N/AN/A3204,95714,52412,460
2026-03-20$110.47$125.0033.2%9.2%27.2%19.3%31.9%6.4%2.0%-1.9M25.6M-327.5K0.3423.71N/AN/A47716114,64811,814
2026-03-23$112.82$125.0033.7%9.8%28.3%20.2%33.9%6.3%-0.4%-486.2K12.5M-350.7K0.2319.53N/AN/A1,0212399,6738,003
2026-03-24$114.28$115.0033.4%9.5%28.8%19.6%34.6%5.4%-0.3%-24.3K3.7M-371.4K0.5116.38N/AN/A74237810,5788,093
2026-03-25$112.75$115.0033.0%9.5%28.8%18.9%35.9%5.2%0.9%-32.8K6.5M-367.7K1.0819.99N/AN/A38942211,0738,237
2026-03-26$113.63$115.0034.0%9.7%25.7%20.7%34.4%5.1%0.5%23.2K5.0M-382.1K0.5322.72N/AN/A19610311,2738,409
2026-03-27$110.20$115.0037.2%10.7%26.7%26.5%37.3%4.8%1.7%-211.8K12.2M-368.5K0.6324.37N/AN/A1006311,3698,456
2026-03-30$111.94$115.0039.9%11.4%26.3%31.4%39.0%4.8%-1.8%-82.4K8.3M-373.7K0.6820.94N/AN/A1127611,4268,478
2026-03-31$114.16$115.0034.8%10.0%27.4%22.2%34.0%7.1%-0.1%111.6K3.1M-381.6K0.0826.01N/AN/A100811,4718,497