C Options History — April 2019

In April 2019, C traded between $64.42 and $71.19. ATM implied volatility averaged 23.3%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded below realized volatility by 0.9% (HV 20d: 24.2%). Max pain ranged from $65.00 to $65.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.86.

Notable Days

2019-04-12: Highest Volume — 166,689 contracts
2019-04-16: Largest IV drop — 10.1% change
2019-04-09: Highest IV Rank — 34.4%
2019-04-10: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$67.60	$64.42	$71.19	$64.42	$70.49
Max Pain	$65.00	$65.00	$65.00	$65.00	$65.00
ATM IV	23.3%	19.6%	27.4%	25.3%	19.6%
Expected Move	6.6%	5.6%	7.7%	6.8%	5.8%
HV 20d	24.2%	19.3%	27.3%	26.3%	19.3%
HV 60d	21.6%	20.4%	24.4%	24.4%	21.2%
IV Rank	23.0%	12.8%	34.4%	28.8%	12.9%
IV Percentile	52.2%	23.8%	82.1%	71.0%	24.2%
Term Structure	-0.4%	-1.7%	0.7%	-0.8%	0.3%
VWIV	23.2%	19.2%	27.0%	24.7%	21.4%
Skew 25d	4.4%	2.8%	6.0%	5.2%	2.8%
Skew 10d	8.3%	5.1%	11.6%	9.9%	5.6%
Call IV 25d	21.3%	18.6%	24.4%	22.9%	18.6%
Put IV 25d	25.7%	21.4%	30.2%	28.1%	21.4%
Bid-Ask Spread %	3.35	2.02	6.25	2.28	4.46
Gamma HHI	0.13	0.08	0.24	0.08	0.15
Net GEX	44.5M	32.3M	66.7M	32.3M	48.4M
Net DEX	-1.04B	-2.18B	-385.0M	-385.0M	-1.23B
Net VEX	-12.5M	-13.1M	-11.7M	-12.9M	-11.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.86	0.37	2.03	0.59	2.03
Total Volume	69,233.667	28,145	166,689	58,391	66,119
Total OI	1,207,259.095	1,091,119	1,335,219	1,179,219	1,123,007

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-04-01	$64.42	$65.00	25.3%	6.8%	26.3%	28.8%	24.7%	5.2%	-0.8%	32.3M	-385.0M	-12.9M	0.59	2.28	36,741	21,650	584,969	594,250
2019-04-02	$64.59	$65.00	26.1%	6.9%	26.0%	30.8%	24.4%	5.3%	-1.7%	34.5M	-443.6M	-13.0M	0.66	2.91	31,056	20,541	597,883	606,963
2019-04-03	$65.03	$65.00	26.4%	7.1%	25.8%	31.7%	25.3%	5.3%	-0.8%	38.2M	-582.1M	-13.0M	0.70	2.60	26,902	18,723	599,265	611,907
2019-04-04	$65.83	$65.00	26.1%	7.3%	25.6%	30.9%	24.6%	5.3%	-0.8%	46.6M	-835.5M	-13.1M	0.68	2.45	31,347	21,321	603,154	620,233
2019-04-05	$65.45	$65.00	26.0%	7.2%	25.8%	30.7%	25.7%	5.3%	-1.0%	56.2M	-730.2M	-13.0M	1.15	2.88	26,642	30,613	607,914	627,927
2019-04-08	$65.92	$65.00	25.9%	7.4%	25.8%	30.3%	25.5%	5.1%	0.4%	43.6M	-780.1M	-12.8M	0.69	2.02	16,668	11,477	592,727	613,315
2019-04-09	$65.15	$65.00	27.4%	7.6%	26.2%	34.4%	26.1%	5.6%	-0.7%	37.5M	-535.7M	-12.9M	2.00	2.62	20,488	40,962	602,035	620,750
2019-04-10	$65.67	$65.00	27.4%	7.7%	25.6%	34.4%	27.0%	5.5%	-0.7%	41.9M	-686.5M	-13.1M	0.94	2.92	30,892	29,059	608,667	642,966
2019-04-11	$65.83	$65.00	27.0%	7.6%	25.6%	33.2%	25.8%	6.0%	-0.3%	41.1M	-724.7M	-13.0M	0.72	2.60	26,619	19,047	614,682	661,653
2019-04-12	$67.38	$65.00	25.2%	7.1%	26.5%	28.3%	25.0%	5.3%	-0.2%	59.3M	-1.29B	-12.9M	0.43	5.60	116,650	50,039	620,401	668,877
2019-04-15	$67.31	$65.00	22.7%	6.5%	25.9%	21.5%	23.1%	4.9%	-0.4%	65.4M	-1.22B	-12.5M	0.74	2.64	50,505	37,240	619,617	662,674
2019-04-16	$69.16	$65.00	20.4%	5.8%	27.2%	15.1%	21.3%	4.2%	0.7%	66.7M	-1.81B	-12.2M	0.70	3.01	56,795	39,764	625,786	677,071
2019-04-17	$70.58	$65.00	21.4%	6.1%	27.1%	17.8%	21.7%	3.5%	-0.5%	54.6M	-2.18B	-12.0M	0.40	6.25	114,480	45,483	625,298	687,721
2019-04-18	$69.80	$65.00	20.5%	5.9%	27.3%	15.4%	21.7%	3.6%	-0.1%	49.7M	-1.94B	-12.1M	0.56	2.32	52,379	29,413	635,301	699,918
2019-04-22	$69.17	$65.00	20.7%	6.1%	20.9%	15.9%	21.6%	3.3%	-0.3%	33.2M	-1.01B	-12.1M	0.95	4.12	21,682	20,547	515,557	575,562
2019-04-23	$69.26	$65.00	20.3%	5.6%	19.9%	14.8%	20.6%	3.1%	-0.5%	34.2M	-1.04B	-12.0M	1.30	5.08	18,385	23,902	521,562	581,916
2019-04-24	$69.06	$65.00	19.8%	5.7%	20.2%	13.5%	20.9%	2.8%	-0.3%	32.8M	-982.2M	-12.0M	1.12	2.75	16,062	17,935	527,271	589,567
2019-04-25	$69.06	$65.00	20.3%	5.8%	20.2%	14.7%	20.5%	3.2%	-0.2%	32.6M	-986.0M	-12.0M	0.82	4.33	28,687	23,629	532,527	599,604
2019-04-26	$69.33	$65.00	19.6%	5.6%	20.0%	12.8%	19.2%	3.2%	-0.2%	35.8M	-1.04B	-12.0M	0.37	2.47	41,445	15,538	537,444	608,626
2019-04-29	$71.19	$65.00	20.6%	6.1%	21.3%	15.6%	21.3%	3.4%	0.1%	49.2M	-1.44B	-11.7M	0.49	4.07	71,281	35,199	518,323	587,551
2019-04-30	$70.49	$65.00	19.6%	5.8%	19.3%	12.9%	21.4%	2.8%	0.3%	48.4M	-1.23B	-11.7M	2.03	4.46	21,792	44,327	529,618	593,389