C Options History — May 2022

In May 2022, C traded between $46.35 and $54.12. ATM implied volatility averaged 37.6%, placing in the 59.9% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 2.2% (HV 20d: 39.8%). Max pain ranged from $55.00 to $57.50. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2022-05-02: Highest Volume — 244,323 contracts
  • 2022-05-05: Largest IV spike — 14.8% change
  • 2022-05-12: Highest IV Rank — 81.7%
  • 2022-05-10: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.52$46.35$54.12$48.58$53.63
Max Pain$56.67$55.00$57.50$55.00$55.00
ATM IV37.6%31.8%43.6%38.1%32.9%
Expected Move11.0%9.2%12.4%11.7%9.7%
HV 20d39.8%23.8%52.0%23.8%50.4%
HV 60d34.2%29.4%38.5%29.4%35.9%
IV Rank59.9%38.5%81.7%61.7%42.6%
IV Percentile91.4%76.2%98.4%95.2%81.0%
Term Structure-0.0%-2.5%1.6%-0.0%-0.7%
VWIV38.5%31.9%43.3%41.9%34.9%
Skew 25d7.4%5.3%10.0%9.4%5.9%
Skew 10d15.6%11.5%21.1%19.0%12.1%
Call IV 25d35.1%29.8%39.8%34.6%31.3%
Put IV 25d42.5%35.9%49.8%44.0%37.2%
Bid-Ask Spread %2.741.684.034.033.18
Gamma HHI0.090.070.100.090.08
Net GEX-27.3M-44.9M8.5M-44.9M-4.9M
Net DEX2.92B1.05B4.24B3.98B1.51B
Net VEX-27.6M-31.3M-23.4M-24.4M-30.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.361.410.450.69
Total Volume139,072.14380,433244,323244,32391,440
Total OI3,076,401.0952,853,6353,323,3462,853,6353,082,674

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$48.58$55.0038.1%11.7%23.8%61.7%41.9%9.4%-0.0%-44.9M3.98B-24.4M0.454.03167,93676,3871,260,4191,593,216
2022-05-03$50.12$55.0036.0%10.9%26.5%54.0%39.7%7.7%-0.1%-37.9M3.45B-26.7M0.922.9754,67350,3961,336,7251,617,186
2022-05-04$52.19$55.0032.5%9.6%29.5%41.0%33.2%6.0%0.3%-28.6M2.83B-28.5M0.703.7250,69035,6361,351,6791,629,789
2022-05-05$51.12$57.5037.3%11.1%29.7%58.6%36.7%7.5%-0.1%-30.8M3.07B-28.5M0.871.9743,05737,3761,369,4921,640,205
2022-05-06$51.61$57.5035.6%10.4%29.7%52.3%39.0%6.4%0.1%-28.1M2.85B-29.1M1.012.3763,05663,8531,380,1381,652,934
2022-05-09$50.02$57.5040.4%11.7%31.4%70.1%41.1%8.4%0.2%-39.5M3.41B-27.2M1.102.4651,37556,7221,365,1871,648,579
2022-05-10$48.50$57.5042.4%12.4%33.1%77.5%40.1%9.2%0.7%-43.6M3.83B-25.4M0.592.6267,10239,9191,371,0551,649,941
2022-05-11$47.74$57.5041.3%12.1%33.4%73.1%40.9%9.7%0.9%-42.3M3.97B-24.8M0.751.8859,58544,6071,400,0971,652,081
2022-05-12$46.35$57.5043.6%12.2%34.8%81.7%43.3%10.0%-1.4%-42.0M4.24B-23.4M0.872.9775,54565,7881,433,7571,663,903
2022-05-13$47.74$57.5038.6%11.3%35.9%63.4%40.4%7.9%1.5%-44.0M3.97B-24.8M0.811.6853,49643,1921,464,4791,674,194
2022-05-16$47.34$57.5038.2%10.9%34.6%61.9%36.9%8.1%-0.1%-42.9M4.10B-23.5M0.712.1154,08038,3341,451,5951,657,511
2022-05-17$51.14$57.5037.2%10.7%44.9%58.3%37.3%5.3%-2.5%-25.7M2.76B-27.9M0.552.94144,20679,8761,469,7061,654,758
2022-05-18$49.17$57.5040.5%11.6%46.8%70.4%41.2%8.2%-0.1%-38.2M3.44B-26.1M0.832.90107,24389,2191,499,7321,674,799
2022-05-19$49.98$57.5039.2%11.3%47.4%65.6%41.0%7.6%-0.5%-35.3M3.20B-27.7M0.942.6299,86894,3651,545,8111,710,001
2022-05-20$49.63$57.5038.9%11.2%46.8%64.4%40.3%7.6%-0.6%-26.2M3.23B-27.8M1.412.3462,16087,7011,578,3731,744,973
2022-05-23$52.84$57.5037.6%11.1%52.0%59.6%38.4%6.0%0.0%-12.5M1.69B-30.6M0.472.48148,33169,7711,375,5141,616,722
2022-05-24$52.82$57.5037.4%11.1%51.8%59.1%38.9%6.7%-0.1%-7.3M1.66B-30.7M0.613.9278,71748,2771,431,2821,630,348
2022-05-25$52.78$55.0036.3%10.8%51.4%55.0%37.8%6.1%0.2%-3.4M1.66B-30.5M0.472.7480,24137,8011,451,6231,639,205
2022-05-26$54.12$55.0034.4%10.1%52.0%48.0%34.8%5.6%1.6%8.5M1.05B-31.3M0.363.13106,61738,7011,471,6941,646,951
2022-05-27$53.56$55.0031.8%9.2%50.4%38.5%31.9%6.1%0.6%-3.8M1.40B-30.3M0.432.47114,24348,9331,457,9741,658,121
2022-05-31$53.63$55.0032.9%9.7%50.4%42.6%34.9%5.9%-0.7%-4.9M1.51B-30.0M0.693.1854,10337,3371,439,1401,643,534