C Options History — February 2022

In February 2022, C traded between $58.93 and $67.88. ATM implied volatility averaged 29.4%, placing in the 44.1% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 4.8% (HV 20d: 24.6%). Max pain ranged from $65.00 to $70.00. Net GEX was positive for 7 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.71.

Notable Days

2022-02-03: Highest Volume — 288,564 contracts
2022-02-28: Largest IV spike — 18.7% change
2022-02-28: Highest IV Rank — 93.3%
2022-02-28: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$65.14	$58.93	$67.88	$66.51	$58.93
Max Pain	$67.89	$65.00	$70.00	$65.00	$67.50
ATM IV	29.4%	24.9%	38.4%	26.2%	38.4%
Expected Move	8.5%	7.4%	11.7%	7.4%	11.7%
HV 20d	24.6%	20.3%	34.5%	26.1%	34.5%
HV 60d	25.1%	24.3%	29.0%	24.4%	29.0%
IV Rank	44.1%	19.7%	93.3%	26.7%	93.3%
IV Percentile	59.9%	15.1%	99.6%	34.1%	99.6%
Term Structure	0.0%	-1.1%	0.8%	0.3%	-1.1%
VWIV	30.7%	26.1%	41.9%	27.4%	41.9%
Skew 25d	5.7%	3.5%	9.9%	3.9%	9.9%
Skew 10d	12.3%	7.2%	21.7%	8.5%	21.7%
Call IV 25d	27.6%	24.1%	34.3%	25.9%	34.3%
Put IV 25d	33.3%	27.5%	44.2%	29.8%	44.2%
Bid-Ask Spread %	3.89	2.05	7.94	3.97	3.87
Gamma HHI	0.07	0.06	0.09	0.07	0.09
Net GEX	-8.6M	-47.8M	35.3M	-3.0M	-44.7M
Net DEX	803.6M	-406.1M	2.80B	245.2M	2.80B
Net VEX	-27.5M	-28.8M	-24.9M	-27.8M	-24.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.14	0.99	0.74	0.72
Total Volume	133,483.789	62,740	288,564	117,164	254,454
Total OI	2,277,506.842	2,180,082	2,401,496	2,213,885	2,288,313

Daily Data (19 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
2022-02-01	$66.51	$65.00	26.2%	7.4%	26.1%	26.7%	27.4%	3.9%	0.3%	-3.0M	245.2M	-27.8M	0.74	3.97	67,310	49,854	947,837	1,266,048
2022-02-02	$66.32	$65.00	26.0%	7.4%	26.0%	25.5%	26.1%	4.0%	0.3%	-3.5M	332.5M	-27.4M	0.99	3.09	36,982	36,584	963,877	1,279,963
2022-02-03	$65.27	$70.00	28.0%	8.2%	26.1%	36.5%	29.0%	4.7%	0.4%	-19.5M	769.3M	-27.6M	0.14	7.94	252,881	35,683	968,900	1,283,472
2022-02-04	$66.31	$70.00	27.1%	7.8%	24.0%	31.4%	28.5%	4.6%	0.1%	-632.4K	293.4M	-28.1M	0.50	3.45	96,420	48,557	964,122	1,289,918
2022-02-07	$66.41	$70.00	27.1%	7.7%	23.6%	31.7%	28.2%	4.5%	-0.6%	6.1M	283.9M	-27.9M	0.92	2.79	59,021	54,526	947,602	1,274,975
2022-02-08	$67.08	$70.00	26.0%	7.5%	23.8%	25.4%	26.5%	3.9%	0.4%	19.4M	-79.9M	-27.9M	0.49	3.18	103,594	50,923	968,737	1,295,720
2022-02-09	$67.88	$67.50	24.9%	7.4%	23.5%	19.7%	27.4%	3.5%	0.8%	35.3M	-406.1M	-28.5M	0.75	4.44	61,117	45,775	989,013	1,311,767
2022-02-10	$67.42	$67.50	26.9%	7.7%	23.6%	30.4%	27.4%	4.1%	0.2%	25.0M	-196.5M	-28.6M	0.80	2.72	47,191	37,583	993,931	1,321,663
2022-02-11	$66.88	$67.50	29.6%	8.4%	23.7%	45.1%	29.0%	5.3%	-0.6%	9.8M	105.4M	-28.8M	0.78	3.16	83,455	65,297	996,802	1,328,616
2022-02-14	$66.33	$67.50	30.2%	8.6%	23.5%	48.6%	31.3%	6.3%	0.8%	-1.2M	445.7M	-28.5M	0.91	2.80	54,479	49,478	978,985	1,317,875
2022-02-15	$66.83	$67.50	27.6%	7.9%	21.7%	34.1%	28.0%	5.6%	0.2%	10.7M	180.3M	-28.0M	0.82	2.05	35,846	29,520	992,699	1,330,450
2022-02-16	$67.01	$67.50	25.9%	7.4%	21.2%	25.0%	26.7%	5.0%	0.2%	16.3M	73.1M	-27.6M	0.73	2.21	36,310	26,430	996,928	1,337,167
2022-02-17	$64.67	$70.00	29.9%	8.6%	25.0%	46.8%	32.8%	7.1%	-0.3%	-29.8M	1.26B	-27.0M	0.86	5.68	102,745	88,848	993,353	1,343,664
2022-02-18	$64.21	$67.50	30.3%	8.6%	23.4%	49.1%	30.9%	7.7%	0.8%	-28.9M	1.51B	-27.4M	0.68	6.76	66,718	45,500	1,020,551	1,380,945
2022-02-22	$63.86	$67.50	31.8%	9.3%	23.0%	57.3%	32.8%	7.2%	-0.4%	-31.1M	1.46B	-27.0M	0.50	5.39	55,089	27,783	908,816	1,271,266
2022-02-23	$63.15	$67.50	34.0%	10.0%	20.3%	69.1%	36.9%	7.5%	-0.4%	-33.4M	1.70B	-27.1M	0.69	2.81	40,986	28,292	923,849	1,279,518
2022-02-24	$60.29	$67.50	36.3%	10.9%	25.8%	81.9%	38.2%	8.0%	-0.7%	-47.8M	2.59B	-25.2M	0.70	4.06	132,080	93,120	932,953	1,285,941
2022-02-25	$62.27	$67.50	32.4%	9.4%	28.8%	60.2%	34.8%	6.5%	-0.3%	-41.9M	1.90B	-26.3M	0.77	3.48	76,666	59,095	980,116	1,316,278
2022-02-28	$58.93	$67.50	38.4%	11.7%	34.5%	93.3%	41.9%	9.9%	-1.1%	-44.7M	2.80B	-24.9M	0.72	3.87	148,039	106,415	978,176	1,310,137