C Options History — July 2019

In July 2019, C traded between $70.30 and $73.06. ATM implied volatility averaged 20.4%, placing in the 15.2% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 2.8% (HV 20d: 17.6%). Max pain ranged from $67.00 to $70.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.83.

Notable Days

  • 2019-07-15: Highest Volume — 151,483 contracts
  • 2019-07-15: Largest IV drop — 12.0% change
  • 2019-07-10: Highest IV Rank — 22.1%
  • 2019-07-10: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.45$70.30$73.06$70.78$71.47
Max Pain$68.14$67.00$70.00$67.00$70.00
ATM IV20.4%17.8%22.9%22.4%19.4%
Expected Move5.8%5.1%6.6%6.4%5.5%
HV 20d17.6%14.8%26.5%26.5%15.1%
HV 60d25.6%24.9%26.4%26.4%25.4%
IV Rank15.2%8.1%22.1%20.7%12.4%
IV Percentile22.7%7.5%41.7%35.3%13.5%
Term Structure-0.2%-1.3%1.0%-0.4%-0.1%
VWIV20.8%18.0%24.1%22.9%19.6%
Skew 25d4.4%3.1%5.2%5.0%3.6%
Skew 10d8.3%-3.4%12.4%9.9%7.4%
Call IV 25d18.7%16.5%21.0%20.5%18.3%
Put IV 25d23.0%20.1%25.6%25.4%21.9%
Bid-Ask Spread %3.362.246.352.696.35
Gamma HHI0.100.070.130.100.09
Net GEX45.6M29.6M65.3M45.2M32.3M
Net DEX-872.5M-1.15B-649.0M-862.7M-649.0M
Net VEX-12.0M-12.1M-11.8M-12.0M-12.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.432.350.890.69
Total Volume63,962.59128,492151,48360,13752,563
Total OI1,033,843.955938,2281,130,372938,2281,079,826

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-07-01$70.78$67.0022.4%6.4%26.5%20.7%22.9%5.0%-0.4%45.2M-862.7M-12.0M0.892.6931,74128,396448,759489,469
2019-07-02$70.30$67.5022.0%6.2%20.2%19.5%21.9%4.8%-0.7%37.0M-743.7M-11.9M1.203.9422,86227,453458,572499,631
2019-07-03$70.58$67.5022.9%6.5%20.2%22.1%22.0%4.9%-0.6%41.9M-812.5M-12.0M1.203.5516,87320,293469,083513,162
2019-07-05$71.31$67.5022.8%6.1%20.2%21.6%22.2%4.5%-0.8%53.0M-970.1M-12.1M0.682.4825,26717,124473,473528,206
2019-07-08$71.27$67.5022.6%6.1%19.4%21.3%22.2%4.7%-1.0%41.4M-911.0M-11.9M2.352.2412,88030,235460,257489,874
2019-07-09$71.51$67.5022.8%6.2%18.3%21.8%23.5%5.2%-1.0%41.7M-946.9M-12.0M0.653.3424,23215,846467,257509,867
2019-07-10$70.99$67.5022.9%6.6%18.5%22.1%23.3%5.1%0.6%41.6M-833.9M-12.1M0.573.2638,92822,283481,860518,889
2019-07-11$71.65$67.5022.4%6.1%17.4%20.5%23.0%4.7%-1.1%60.8M-1.04B-12.1M0.612.5752,81632,000498,402525,804
2019-07-12$71.74$67.5022.4%6.2%17.4%20.8%24.1%4.3%-1.3%57.4M-1.05B-12.1M0.794.6964,09250,915511,601535,709
2019-07-15$71.74$67.5019.7%5.5%17.3%13.3%21.2%5.1%1.0%49.0M-993.0M-11.9M0.432.44106,05545,428503,899534,955
2019-07-16$71.51$67.5019.0%5.4%16.2%11.3%19.6%5.0%0.8%56.5M-932.6M-11.9M0.713.1960,87543,462527,977549,497
2019-07-17$70.78$67.5020.2%5.8%15.3%14.4%19.6%4.4%-0.9%29.6M-719.2M-11.9M0.722.9134,71024,841542,969566,880
2019-07-18$71.76$67.5018.4%5.3%15.7%9.7%20.4%4.8%0.6%65.3M-1.01B-12.0M0.633.2642,39226,894550,222568,835
2019-07-19$71.19$67.5019.7%5.8%16.1%13.3%19.1%4.7%-1.3%32.5M-872.9M-11.8M0.603.9137,11922,209558,389571,983
2019-07-22$71.13$67.5018.6%5.3%16.2%10.3%19.0%4.1%0.2%37.9M-670.3M-11.9M0.883.1617,88415,653480,889512,323
2019-07-23$71.99$67.5018.0%5.2%15.6%8.4%18.0%3.7%0.2%53.7M-885.1M-11.8M0.822.7239,16432,105488,598522,365
2019-07-24$73.06$69.5018.0%5.2%14.8%8.5%18.8%3.5%0.1%60.1M-1.15B-11.9M0.522.7940,91721,346498,381538,100
2019-07-25$71.44$70.0018.7%5.3%17.5%10.4%19.7%3.1%0.5%41.2M-712.5M-12.0M1.213.9938,56846,572511,076540,393
2019-07-26$72.33$70.0017.8%5.1%17.5%8.1%18.2%3.3%0.2%54.0M-966.0M-12.1M0.482.8339,72719,173524,036564,727
2019-07-29$71.81$70.0018.6%5.4%15.9%10.1%19.6%3.5%-0.1%36.7M-757.6M-11.9M0.655.0917,29611,196505,206551,994
2019-07-30$71.58$70.0019.7%5.7%15.3%13.1%20.3%3.8%-0.2%34.1M-695.0M-12.0M0.882.6019,60517,187513,641557,531
2019-07-31$71.47$70.0019.4%5.5%15.1%12.4%19.6%3.6%-0.1%32.3M-649.0M-12.1M0.696.3531,16621,397517,185562,641