C Options History — November 2022

In November 2022, C traded between $44.76 and $50.31. ATM implied volatility averaged 29.7%, placing in the 23.0% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 3.0% (HV 20d: 32.7%). Max pain ranged from $45.00 to $47.50. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.48.

Notable Days

2022-11-11: Highest Volume — 304,939 contracts
2022-11-28: Largest IV spike — 7.5% change
2022-11-16: Highest IV Rank — 33.2%
2022-11-08: Largest Expected Move — 9.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.57	$44.76	$50.31	$46.24	$48.30
Max Pain	$46.67	$45.00	$47.50	$45.00	$47.50
ATM IV	29.7%	27.2%	31.7%	30.8%	27.4%
Expected Move	8.8%	7.8%	9.5%	9.3%	8.2%
HV 20d	32.7%	25.6%	36.5%	29.5%	36.5%
HV 60d	31.9%	29.0%	34.0%	29.4%	33.4%
IV Rank	23.0%	8.7%	33.2%	29.9%	9.4%
IV Percentile	31.0%	12.7%	46.8%	40.9%	13.1%
Term Structure	0.4%	-1.5%	2.3%	0.3%	0.1%
VWIV	31.1%	27.3%	34.8%	33.1%	32.1%
Skew 25d	4.6%	3.8%	5.3%	4.4%	4.6%
Skew 10d	8.9%	6.7%	10.5%	8.1%	8.8%
Call IV 25d	27.7%	24.9%	30.0%	29.3%	25.0%
Put IV 25d	32.3%	29.5%	34.2%	33.7%	29.6%
Bid-Ask Spread %	2.16	1.57	2.97	2.90	2.46
Gamma HHI	0.07	0.06	0.10	0.09	0.07
Net GEX	-531.3K	-16.1M	31.4M	3.7M	-4.4M
Net DEX	1.15B	-481.7M	2.81B	2.17B	903.2M
Net VEX	-24.6M	-26.3M	-21.9M	-23.4M	-24.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.48	0.49	6.20	0.58	5.33
Total Volume	176,488.429	28,434	304,939	91,999	295,067
Total OI	3,029,164.857	2,824,541	3,199,781	3,117,878	2,916,225

Daily Data (21 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
2022-11-01	$46.24	$45.00	30.8%	9.3%	29.5%	29.9%	33.1%	4.4%	0.3%	3.7M	2.17B	-23.4M	0.58	2.90	58,116	33,883	1,486,308	1,631,570
2022-11-02	$45.79	$45.00	29.8%	9.0%	29.7%	26.6%	31.2%	3.9%	0.2%	459.9K	2.39B	-23.0M	0.82	2.97	65,180	53,421	1,488,590	1,645,551
2022-11-03	$44.76	$47.50	30.8%	9.3%	29.8%	30.0%	34.8%	3.8%	0.2%	-12.4M	2.81B	-21.9M	0.49	2.58	137,863	67,104	1,505,045	1,671,659
2022-11-04	$45.15	$47.50	31.0%	9.3%	28.6%	30.8%	32.3%	4.3%	0.5%	-10.2M	2.66B	-23.1M	1.07	2.02	114,692	123,101	1,494,377	1,705,404
2022-11-07	$45.80	$45.00	30.4%	9.3%	28.4%	28.7%	32.5%	4.5%	2.1%	-2.2M	1.79B	-23.2M	0.58	1.57	90,154	52,259	1,483,599	1,551,450
2022-11-08	$46.16	$45.00	31.0%	9.5%	25.6%	30.6%	32.7%	4.6%	2.3%	2.2M	1.54B	-23.4M	1.53	1.59	87,141	133,605	1,495,604	1,527,356
2022-11-09	$45.24	$45.00	31.7%	9.5%	27.2%	33.0%	33.0%	4.8%	1.4%	-3.9M	1.75B	-22.7M	1.39	1.90	67,545	94,088	1,513,184	1,518,909
2022-11-10	$48.50	$45.00	29.7%	9.0%	32.3%	26.0%	31.1%	4.8%	2.3%	16.1M	355.3M	-25.3M	0.64	2.11	130,874	84,333	1,523,595	1,514,041
2022-11-11	$50.31	$45.00	29.1%	8.7%	34.1%	23.9%	30.8%	3.8%	1.9%	31.4M	-481.7M	-26.3M	0.79	1.89	170,077	134,862	1,531,673	1,525,980
2022-11-14	$49.21	$47.50	29.7%	8.6%	35.6%	26.2%	30.7%	5.0%	0.5%	12.2M	241.0M	-25.9M	0.94	1.90	106,880	100,699	1,520,366	1,546,934
2022-11-15	$48.98	$47.50	29.8%	8.6%	35.8%	26.6%	30.5%	5.0%	0.4%	8.7M	367.9M	-25.9M	1.00	2.28	98,604	98,859	1,541,031	1,567,819
2022-11-16	$48.37	$47.50	31.7%	9.1%	35.1%	33.2%	31.6%	4.8%	-0.5%	-416.3K	681.6M	-25.9M	0.96	1.87	99,864	96,193	1,561,646	1,582,045
2022-11-17	$48.08	$47.50	31.2%	9.0%	35.1%	29.2%	31.1%	4.7%	-0.6%	-9.0M	813.1M	-25.4M	0.89	2.06	79,980	71,484	1,567,871	1,598,927
2022-11-18	$48.75	$47.50	30.2%	8.8%	33.9%	25.6%	30.3%	4.6%	-1.5%	-3.1M	494.6M	-25.7M	0.89	2.21	103,463	92,386	1,580,483	1,604,359
2022-11-21	$48.77	$47.50	28.6%	8.3%	33.9%	14.2%	29.0%	4.9%	-0.0%	-2.2M	687.2M	-25.7M	1.50	2.17	36,252	54,497	1,382,206	1,442,335
2022-11-22	$49.29	$47.50	27.7%	7.8%	33.5%	10.5%	28.1%	4.5%	-0.2%	3.8M	512.7M	-25.8M	6.20	2.26	32,383	200,747	1,391,430	1,450,893
2022-11-23	$48.26	$47.50	27.5%	7.8%	34.7%	10.0%	27.4%	4.7%	-0.2%	-8.6M	955.8M	-24.9M	2.16	2.38	80,746	174,229	1,403,348	1,463,971
2022-11-25	$48.39	$47.50	27.2%	7.8%	34.6%	8.7%	27.3%	4.6%	-0.4%	-5.8M	902.1M	-25.0M	1.07	1.99	13,765	14,669	1,428,262	1,489,921
2022-11-28	$47.06	$47.50	29.3%	8.9%	36.0%	16.6%	32.3%	5.3%	0.1%	-16.1M	1.45B	-23.8M	1.35	2.10	43,921	59,432	1,405,902	1,456,029
2022-11-29	$47.59	$47.50	28.2%	8.8%	36.2%	12.7%	30.3%	4.7%	0.3%	-11.4M	1.18B	-24.6M	0.81	2.08	29,722	24,117	1,421,965	1,474,599
2022-11-30	$48.30	$47.50	27.4%	8.2%	36.5%	9.4%	32.1%	4.6%	0.1%	-4.4M	903.2M	-24.9M	5.33	2.46	46,583	248,484	1,435,804	1,480,421