C Options History — August 2023

In August 2023, C traded between $41.02 and $47.00. ATM implied volatility averaged 24.2%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 7.1% (HV 20d: 17.1%). Max pain ranged from $42.50 to $48.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 1.45.

Notable Days

  • 2023-08-23: Highest Volume — 255,723 contracts
  • 2023-08-15: Largest IV spike — 13.8% change
  • 2023-08-22: Highest IV Rank — 24.7%
  • 2023-08-22: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.31$41.02$47.00$47.00$41.25
Max Pain$45.70$42.50$48.00$48.00$42.50
ATM IV24.2%20.3%27.7%20.3%22.4%
Expected Move6.9%5.6%7.9%5.6%6.2%
HV 20d17.1%12.8%24.7%24.2%14.7%
HV 60d21.0%18.6%22.9%22.9%18.6%
IV Rank13.4%0.6%24.7%0.6%7.4%
IV Percentile19.1%0.8%42.5%0.8%6.0%
Term Structure0.1%-0.7%0.9%-0.1%0.5%
VWIV23.4%19.9%26.3%19.9%23.1%
Skew 25d3.9%1.3%5.0%1.3%3.4%
Skew 10d7.6%2.5%9.9%2.5%5.6%
Call IV 25d22.8%20.3%25.8%20.3%20.9%
Put IV 25d26.7%21.6%30.6%21.6%24.3%
Bid-Ask Spread %2.081.524.692.451.99
Gamma HHI0.080.070.120.080.08
Net GEX-24.4M-42.6M-11.3M-16.2M-25.2M
Net DEX1.54B1.17B1.80B1.19B1.60B
Net VEX-18.8M-21.0M-17.0M-20.7M-17.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.450.274.930.881.68
Total Volume143,437.82675,166255,72375,166148,712
Total OI2,632,107.8262,492,2722,750,0862,529,7472,750,086

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$47.00$48.0020.3%5.6%24.2%0.6%19.9%1.3%-0.1%-16.2M1.19B-20.7M0.882.4539,90035,2661,233,1581,296,589
2023-08-02$46.34$48.0022.8%6.2%24.7%8.6%22.2%2.7%-0.3%-30.4M1.51B-20.4M0.472.3874,29535,1011,253,3141,319,231
2023-08-03$46.22$47.5022.8%6.6%22.2%8.9%22.6%2.9%-0.2%-42.6M1.50B-20.6M0.271.5279,08221,0261,260,9281,328,354
2023-08-04$45.61$47.5023.3%6.8%22.4%10.2%23.1%3.7%-0.3%-27.9M1.58B-21.0M0.691.6153,29636,6401,273,6951,337,249
2023-08-07$45.78$47.5022.1%6.5%22.4%6.6%21.8%3.3%0.6%-18.6M1.17B-20.1M0.891.9352,01846,3541,255,9041,236,368
2023-08-08$45.11$47.5023.5%6.9%22.0%11.0%24.0%4.1%0.5%-22.4M1.35B-19.8M1.081.7780,86987,5651,285,2941,245,164
2023-08-09$44.59$47.5023.4%6.8%21.1%10.7%22.9%4.1%0.5%-26.7M1.51B-19.6M2.721.9362,406169,6031,314,3741,266,901
2023-08-10$44.27$47.5024.2%7.0%20.7%13.3%23.7%4.0%0.4%-24.5M1.44B-20.0M1.231.7267,25682,8961,355,1311,246,818
2023-08-11$44.55$47.5022.0%6.4%15.6%6.2%21.9%4.0%0.4%-11.3M1.33B-19.6M2.331.6740,20493,5481,378,7651,251,397
2023-08-14$44.06$47.5023.3%6.7%15.4%10.4%22.8%4.2%0.2%-23.5M1.41B-19.8M1.561.6851,08579,7921,372,1681,242,461
2023-08-15$43.22$46.0026.5%7.7%15.2%20.9%24.3%4.7%-0.7%-27.7M1.64B-19.1M1.121.8278,94388,3961,391,9341,248,927
2023-08-16$42.66$46.0026.5%7.6%13.9%20.8%25.7%4.7%-0.6%-29.0M1.70B-18.6M2.701.7043,426117,1581,421,0881,248,928
2023-08-17$42.30$45.0026.8%7.6%13.9%21.6%26.3%4.5%0.9%-28.6M1.72B-18.5M0.692.4777,12752,8751,442,4211,235,886
2023-08-18$42.33$45.0025.8%7.3%14.1%18.6%24.9%4.1%0.7%-24.9M1.71B-18.6M1.111.6447,61252,7811,466,5491,243,761
2023-08-21$42.09$45.0025.8%7.4%12.8%18.6%24.7%4.6%-0.2%-23.2M1.66B-18.0M0.792.2362,44549,3461,395,4161,203,892
2023-08-22$41.02$45.0027.7%7.9%14.4%24.7%25.0%4.8%-0.2%-26.2M1.80B-17.1M1.052.1295,088100,2291,415,7251,182,769
2023-08-23$41.13$44.0026.0%7.4%14.1%19.2%24.1%5.0%-0.0%-26.5M1.71B-17.0M1.852.1189,772165,9511,448,2591,188,927
2023-08-24$41.11$44.0026.5%7.5%13.1%20.7%25.2%4.7%0.0%-22.8M1.61B-17.5M1.062.0677,83282,3721,477,5691,203,563
2023-08-25$41.30$44.0025.3%6.9%13.8%16.9%23.7%4.3%0.2%-13.9M1.61B-17.3M1.771.9651,34690,8841,479,2941,215,948
2023-08-28$41.22$43.5024.7%6.8%13.6%14.9%23.3%4.1%0.2%-26.9M1.59B-17.2M1.272.1655,93871,0471,463,9961,217,361
2023-08-29$41.67$42.5023.0%6.5%15.0%9.4%22.8%3.6%0.2%-19.8M1.44B-17.5M1.212.1454,12865,3181,488,6551,223,765
2023-08-30$41.39$42.5022.8%6.1%14.7%8.9%21.3%3.3%0.5%-22.8M1.54B-17.3M4.934.6932,408159,7341,497,8061,232,692
2023-08-31$41.25$42.5022.4%6.2%14.7%7.4%23.1%3.4%0.5%-25.2M1.60B-17.1M1.681.9955,50693,2061,510,5561,239,530