C Options History — March 2022

In March 2022, C traded between $53.60 and $59.67. ATM implied volatility averaged 36.8%, placing in the 58.8% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 1.2% (HV 20d: 35.6%). Max pain ranged from $60.00 to $67.50. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.89.

Notable Days

2022-03-02: Highest Volume — 252,383 contracts
2022-03-02: Largest IV drop — 14.1% change
2022-03-01: Highest IV Rank — 100.0%
2022-03-07: Largest Expected Move — 15.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$56.20	$53.60	$59.67	$58.45	$53.60
Max Pain	$62.83	$60.00	$67.50	$67.50	$60.00
ATM IV	36.8%	28.5%	48.6%	44.9%	31.5%
Expected Move	10.8%	7.9%	15.9%	14.4%	9.0%
HV 20d	35.6%	26.6%	40.1%	33.9%	26.6%
HV 60d	30.5%	28.9%	31.3%	28.9%	30.2%
IV Rank	58.8%	26.5%	100.0%	100.0%	37.2%
IV Percentile	87.8%	62.7%	100.0%	100.0%	84.5%
Term Structure	-0.4%	-1.7%	1.1%	-1.2%	-0.6%
VWIV	38.0%	27.5%	55.8%	50.5%	30.3%
Skew 25d	8.0%	4.8%	13.5%	10.7%	6.0%
Skew 10d	17.0%	9.1%	28.7%	20.8%	11.9%
Call IV 25d	33.9%	26.7%	42.4%	40.1%	29.4%
Put IV 25d	42.0%	31.5%	56.0%	50.8%	35.4%
Bid-Ask Spread %	4.03	2.32	7.84	5.19	2.55
Gamma HHI	0.10	0.07	0.15	0.08	0.10
Net GEX	-51.1M	-69.4M	-37.1M	-37.1M	-69.4M
Net DEX	3.10B	2.27B	3.86B	2.78B	3.73B
Net VEX	-26.4M	-27.6M	-24.8M	-26.1M	-24.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.89	0.48	1.68	1.68	0.88
Total Volume	133,956	83,921	252,383	197,605	149,909
Total OI	2,585,589.652	2,373,691	2,764,935	2,384,567	2,666,785

Daily Data (23 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
2022-03-01	$58.45	$67.50	44.9%	14.4%	33.9%	100.0%	50.5%	10.7%	-1.2%	-37.1M	2.78B	-26.1M	1.68	5.19	73,652	123,953	1,034,340	1,350,227
2022-03-02	$59.67	$67.50	38.6%	12.0%	33.8%	73.2%	46.5%	9.5%	-0.8%	-39.6M	2.54B	-26.8M	0.66	3.77	152,099	100,284	1,061,037	1,398,946
2022-03-03	$57.07	$67.50	41.2%	13.0%	36.5%	84.3%	47.9%	10.0%	-1.4%	-60.5M	3.28B	-25.5M	0.58	4.20	132,564	77,193	1,079,734	1,440,951
2022-03-04	$56.33	$65.00	45.2%	14.0%	36.4%	100.0%	49.0%	12.1%	-1.7%	-57.1M	3.44B	-26.2M	1.14	2.79	105,856	120,379	1,126,369	1,479,020
2022-03-07	$55.49	$65.00	48.6%	15.9%	35.4%	100.0%	55.8%	13.5%	-0.5%	-49.8M	3.46B	-26.4M	1.34	4.89	53,193	71,198	1,100,847	1,476,351
2022-03-08	$54.98	$65.00	46.0%	14.3%	35.2%	90.3%	49.8%	10.9%	-0.2%	-54.6M	3.64B	-26.0M	1.04	3.81	51,104	53,381	1,111,478	1,501,839
2022-03-09	$56.43	$65.00	42.4%	13.4%	36.8%	77.3%	46.8%	11.0%	-1.6%	-51.4M	3.32B	-27.2M	0.48	5.19	105,440	50,776	1,132,060	1,516,614
2022-03-10	$54.87	$65.00	41.9%	12.7%	36.6%	75.3%	44.7%	9.7%	0.4%	-57.0M	3.74B	-26.3M	1.00	3.11	53,672	53,411	1,185,698	1,523,495
2022-03-11	$54.21	$65.00	42.3%	12.4%	36.6%	76.9%	44.5%	9.6%	-0.5%	-59.9M	3.86B	-25.8M	1.03	2.32	42,586	44,023	1,200,530	1,527,188
2022-03-14	$54.08	$62.50	43.0%	11.3%	36.7%	79.4%	40.5%	9.7%	-0.7%	-52.0M	3.80B	-25.5M	0.78	7.15	84,244	66,081	1,157,870	1,497,746
2022-03-15	$55.13	$62.50	41.2%	11.0%	38.2%	72.8%	38.4%	8.9%	-1.0%	-48.9M	3.48B	-26.7M	1.15	3.44	67,735	77,789	1,186,938	1,512,095
2022-03-16	$56.59	$62.50	35.8%	9.9%	39.8%	53.1%	33.3%	7.6%	-0.5%	-47.0M	3.09B	-27.6M	0.57	7.72	68,364	38,819	1,203,569	1,520,841
2022-03-17	$57.14	$62.50	34.2%	9.5%	40.1%	47.2%	34.3%	6.5%	-0.2%	-43.9M	2.90B	-27.6M	0.94	2.90	44,285	41,505	1,220,527	1,522,860
2022-03-18	$57.45	$62.50	32.5%	8.9%	39.0%	41.0%	32.3%	6.4%	-0.5%	-62.2M	2.80B	-27.6M	0.84	2.91	46,428	39,121	1,233,301	1,531,634
2022-03-21	$56.79	$60.00	31.6%	8.6%	39.1%	37.6%	28.9%	5.9%	1.1%	-46.1M	2.48B	-26.5M	0.85	4.53	45,245	38,676	1,005,435	1,368,256
2022-03-22	$57.51	$60.00	28.9%	8.3%	39.6%	27.9%	28.3%	5.0%	0.1%	-40.8M	2.27B	-26.8M	0.79	2.74	51,712	40,920	1,023,214	1,383,094
2022-03-23	$56.60	$60.00	30.6%	8.5%	39.8%	34.2%	29.8%	5.9%	-0.1%	-44.7M	2.59B	-26.4M	0.97	7.84	48,476	46,965	1,047,689	1,393,928
2022-03-24	$56.45	$60.00	30.2%	8.3%	36.7%	32.7%	27.5%	5.2%	0.5%	-46.6M	2.68B	-26.3M	0.51	2.68	109,606	55,490	1,064,015	1,414,174
2022-03-25	$56.73	$60.00	28.8%	8.1%	34.4%	27.3%	27.9%	4.8%	0.6%	-45.3M	2.52B	-27.2M	0.74	4.24	57,914	42,766	1,122,004	1,439,173
2022-03-28	$55.86	$60.00	29.4%	8.5%	29.2%	29.7%	30.4%	5.8%	0.8%	-53.8M	2.90B	-25.9M	0.83	3.66	62,781	52,370	1,087,914	1,431,663
2022-03-29	$56.42	$60.00	28.5%	7.9%	29.4%	26.5%	28.1%	4.8%	-0.1%	-46.5M	2.71B	-26.6M	0.86	2.42	57,460	49,234	1,113,551	1,457,960
2022-03-30	$54.83	$60.00	29.3%	8.3%	29.7%	29.1%	29.4%	5.1%	-0.4%	-61.0M	3.32B	-25.5M	0.90	2.59	69,489	62,840	1,134,140	1,481,462
2022-03-31	$53.60	$60.00	31.5%	9.0%	26.6%	37.2%	30.3%	6.0%	-0.6%	-69.4M	3.73B	-24.8M	0.88	2.55	79,728	70,181	1,158,833	1,507,952