C Options History — July 2020

In July 2020, C traded between $49.39 and $52.57. ATM implied volatility averaged 46.0%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded below realized volatility by 5.8% (HV 20d: 51.8%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.58.

Notable Days

  • 2020-07-10: Highest Volume — 212,244 contracts
  • 2020-07-14: Largest IV drop — 10.7% change
  • 2020-07-09: Highest IV Rank — 31.4%
  • 2020-07-01: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.18$49.39$52.57$50.57$49.85
Max Pain$52.84$50.00$55.00$50.00$52.50
ATM IV46.0%37.1%56.5%52.3%39.6%
Expected Move12.9%10.4%15.6%15.6%11.3%
HV 20d51.8%40.5%71.4%71.4%42.4%
HV 60d69.3%63.6%75.5%75.5%63.8%
IV Rank23.0%15.9%31.4%28.1%17.9%
IV Percentile65.0%58.3%77.8%69.4%59.5%
Term Structure-0.5%-2.6%1.1%-1.3%1.0%
VWIV45.5%37.1%55.7%55.7%39.8%
Skew 25d3.1%-0.2%5.7%5.7%1.7%
Skew 10d4.2%-11.0%9.4%-11.0%4.6%
Call IV 25d44.7%36.1%55.0%49.8%38.9%
Put IV 25d47.8%38.9%58.1%55.5%40.6%
Bid-Ask Spread %4.882.4011.9511.914.43
Gamma HHI0.070.060.100.060.08
Net GEX6.8M-1.6M28.9M3.9M215.2K
Net DEX480.6M55.0M872.6M570.4M872.6M
Net VEX-15.1M-16.5M-14.3M-14.9M-14.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.330.940.680.79
Total Volume90,059.18255,223212,24475,84261,084
Total OI1,758,493.6361,626,8321,911,7511,702,9321,801,714

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-07-01$50.57$50.0052.3%15.6%71.4%28.1%55.7%5.7%-1.3%3.9M570.4M-14.9M0.6811.9145,01330,829835,555867,377
2020-07-02$50.51$50.0049.8%14.9%70.2%26.1%52.0%3.4%-1.1%5.8M609.4M-14.9M0.382.7391,86334,636847,713881,972
2020-07-06$51.99$50.0049.8%13.5%67.4%26.1%48.5%4.0%-1.2%6.3M339.8M-15.1M0.589.0945,21726,315812,602861,112
2020-07-07$50.16$50.0053.2%14.3%66.0%28.8%48.2%5.3%-2.6%844.3K667.4M-14.5M0.644.6349,60231,642827,607867,154
2020-07-08$50.89$55.0055.5%15.0%66.5%30.6%52.4%2.9%-1.6%6.1M517.4M-15.2M0.4510.3258,11226,086850,160887,373
2020-07-09$49.39$55.0056.5%15.2%63.8%31.4%52.6%4.0%-2.0%-1.1M778.5M-14.8M0.544.2062,58533,922867,831893,671
2020-07-10$52.57$55.0054.9%15.0%49.2%30.1%53.1%4.5%-1.2%28.9M55.0M-16.1M0.398.90152,22760,017881,663901,059
2020-07-13$52.51$55.0055.7%15.4%45.5%30.8%53.7%-0.2%-1.1%11.1M58.3M-16.5M0.5011.9581,51040,839909,073916,523
2020-07-14$50.27$55.0049.7%14.0%47.8%26.0%48.8%2.5%-0.8%-890.9K606.3M-15.3M0.613.1768,68741,638937,738936,633
2020-07-15$52.00$55.0048.9%13.6%48.2%25.3%48.0%3.3%-1.3%11.2M211.2M-15.8M0.502.4464,21532,006943,678942,621
2020-07-16$51.60$55.0044.1%12.6%47.9%21.5%45.7%3.3%-0.3%8.1M315.3M-15.4M0.944.9030,17228,512953,304948,595
2020-07-17$50.41$55.0043.4%12.4%48.5%21.0%43.4%3.4%-0.2%-1.6M578.1M-14.7M0.763.4445,77734,762956,622955,129
2020-07-20$50.25$52.5040.7%11.6%48.5%18.8%41.1%2.6%0.5%-1.5M721.4M-14.3M0.452.9066,18829,576785,507841,325
2020-07-21$51.67$52.5041.9%12.0%49.5%19.7%42.3%3.6%-0.6%9.5M404.9M-15.0M0.362.5068,40224,927813,592855,163
2020-07-22$51.56$52.5041.2%11.8%49.0%19.2%42.1%2.9%-0.1%11.1M427.5M-15.1M0.822.8036,12829,463825,365867,883
2020-07-23$51.95$52.5040.9%11.7%47.2%18.9%40.9%2.9%1.1%13.7M372.1M-15.0M0.703.1445,52232,078837,692884,818
2020-07-24$51.66$52.0039.5%11.3%46.2%17.8%39.3%2.8%0.4%6.5M433.8M-15.0M0.662.7338,85425,775847,285894,721
2020-07-27$51.32$52.0039.1%11.2%41.1%17.5%39.2%3.0%0.4%3.2M551.4M-14.7M0.622.4034,03321,190814,971888,694
2020-07-28$51.43$52.0038.7%11.0%41.0%17.2%38.8%2.4%0.3%6.2M535.7M-14.8M0.332.8454,40618,022826,764896,135
2020-07-29$52.52$52.0037.1%10.4%40.5%15.9%37.1%2.8%0.4%20.2M264.4M-14.9M0.602.9942,28425,559846,759905,232
2020-07-30$50.84$52.0038.9%10.9%41.8%17.3%37.4%2.4%0.2%2.4M683.3M-14.7M0.443.0177,53034,097856,870913,605
2020-07-31$49.85$52.5039.6%11.3%42.4%17.9%39.8%1.7%1.0%215.2K872.6M-14.9M0.794.4334,05227,032873,416928,298