C Options History — July 2022

In July 2022, C traded between $43.95 and $52.58. ATM implied volatility averaged 35.4%, placing in the 51.8% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 10.6% (HV 20d: 46.0%). Max pain ranged from $47.50 to $52.50. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.92.

Notable Days

  • 2022-07-15: Highest Volume — 604,436 contracts
  • 2022-07-27: Largest IV drop — 8.2% change
  • 2022-07-05: Highest IV Rank — 77.0%
  • 2022-07-12: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.24$43.95$52.58$46.95$51.92
Max Pain$50.13$47.50$52.50$47.50$52.50
ATM IV35.4%28.3%42.3%40.0%28.3%
Expected Move9.9%7.8%11.5%11.5%7.8%
HV 20d46.0%29.3%56.0%38.0%53.5%
HV 60d43.7%38.7%48.2%38.9%47.3%
IV Rank51.8%25.5%77.0%68.7%25.5%
IV Percentile73.4%40.9%95.6%90.5%40.9%
Term Structure-0.3%-1.6%1.1%-1.6%0.4%
VWIV35.4%27.4%41.6%41.6%28.3%
Skew 25d6.6%4.6%8.8%7.4%5.4%
Skew 10d12.5%8.7%16.5%14.8%10.0%
Call IV 25d33.0%26.2%37.9%37.2%26.2%
Put IV 25d39.6%31.5%46.5%44.6%31.5%
Bid-Ask Spread %2.651.933.542.213.32
Gamma HHI0.100.060.280.080.28
Net GEX-17.2M-69.8M20.4M-29.5M-69.8M
Net DEX2.01B871.3M3.55B2.73B1.56B
Net VEX-25.2M-28.1M-19.6M-23.6M-27.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.581.320.940.71
Total Volume150,784.0570,329604,43699,106128,171
Total OI2,728,714.252,554,7762,860,1472,762,1462,726,468

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-07-01$46.95$47.5040.0%11.5%38.0%68.7%41.6%7.4%-1.6%-29.5M2.73B-23.6M0.942.2151,05348,0531,291,5361,470,610
2022-07-05$46.47$50.0042.3%11.0%37.9%77.0%41.4%8.8%-1.4%-31.8M2.87B-22.8M0.962.4150,69348,5941,267,1691,458,326
2022-07-06$46.35$50.0041.8%10.9%37.9%75.0%40.2%8.5%-1.5%-30.8M2.87B-22.9M1.122.1239,13943,7351,284,3931,471,843
2022-07-07$46.96$50.0039.1%10.5%37.8%65.2%37.3%7.9%-1.2%-26.2M2.73B-23.5M0.581.9369,79340,6131,298,6291,485,544
2022-07-08$47.02$50.0038.2%10.3%37.7%61.8%38.2%7.3%-1.0%-12.0M2.67B-23.3M1.132.3039,98945,0951,328,4621,486,558
2022-07-11$46.13$50.0040.1%11.4%37.4%68.7%39.1%8.1%0.1%-30.5M2.94B-22.1M1.322.1530,27340,0561,293,2231,470,006
2022-07-12$46.18$50.0040.2%11.5%33.6%69.2%38.5%7.7%0.2%-31.7M2.94B-22.2M1.242.0853,78766,4961,298,9611,485,099
2022-07-13$45.54$50.0040.0%11.4%29.3%68.7%38.8%7.7%-0.2%-36.2M3.10B-21.7M0.712.6894,10466,3591,294,4211,484,460
2022-07-14$43.95$50.0039.5%10.9%31.7%66.5%39.6%7.2%-1.6%-43.4M3.55B-19.6M0.831.96111,81093,2691,307,7891,484,547
2022-07-15$49.96$50.0036.4%10.2%54.6%55.2%36.1%5.0%-0.8%14.2M1.32B-26.6M0.812.44334,445269,9911,345,5201,514,627
2022-07-18$50.03$50.0035.2%10.0%54.1%50.9%36.3%6.0%-0.1%-11.5M1.68B-26.6M0.643.38118,82776,5511,159,9121,394,864
2022-07-19$52.37$50.0033.0%9.4%56.0%43.0%35.1%6.2%0.2%14.2M871.3M-28.1M0.702.43101,63670,8441,215,4751,418,586
2022-07-20$52.26$50.0031.8%9.1%55.4%38.5%33.2%6.1%0.8%18.9M915.2M-28.0M1.233.1542,03951,7361,244,5691,433,521
2022-07-21$52.45$50.0030.0%8.5%54.9%31.8%31.1%6.0%1.1%20.4M915.9M-27.8M1.163.5434,37439,7121,249,0551,452,915
2022-07-22$51.76$50.0030.1%8.6%54.6%32.3%30.8%5.8%0.3%-14.0M1.27B-27.3M0.653.1184,36054,5811,256,0801,478,394
2022-07-25$52.28$50.0031.6%8.9%53.5%37.6%31.8%5.4%-0.1%-5.1M1.21B-28.0M0.913.2563,36557,5821,200,1871,435,069
2022-07-26$51.34$50.0032.4%9.3%54.1%40.4%32.9%5.8%0.2%-15.0M1.58B-27.2M1.182.3059,03169,3991,216,8511,444,856
2022-07-27$52.58$50.0029.7%8.5%54.2%30.8%29.4%5.4%-0.1%-3.8M1.12B-27.8M1.112.8369,39076,9781,218,6991,463,080
2022-07-28$52.21$52.5029.2%8.1%54.3%28.8%27.4%4.6%-0.0%-21.1M1.38B-27.6M0.593.48113,30366,4551,244,7851,499,196
2022-07-29$51.92$52.5028.3%7.8%53.5%25.5%28.3%5.4%0.4%-69.8M1.56B-27.9M0.713.3275,04453,1271,216,9701,509,498