C Options History — May 2024

In May 2024, C traded between $61.47 and $64.56. ATM implied volatility averaged 22.3%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 1.3% (HV 20d: 21.0%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.40.

Notable Days

  • 2024-05-02: Highest Volume — 586,712 contracts
  • 2024-05-14: Largest IV spike — 9.6% change
  • 2024-05-31: Highest IV Rank — 27.2%
  • 2024-05-31: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.97$61.47$64.56$61.69$62.02
Max Pain$55.45$55.00$60.00$57.50$55.00
ATM IV22.3%20.1%24.6%23.6%24.6%
Expected Move6.5%5.8%7.2%7.0%7.2%
HV 20d21.0%16.1%27.1%26.6%17.1%
HV 60d21.1%20.2%22.4%21.9%20.8%
IV Rank13.5%0.2%27.2%21.4%27.2%
IV Percentile17.2%0.4%48.4%28.6%48.4%
Term Structure0.6%-1.3%6.6%-0.3%-1.3%
VWIV22.6%16.6%25.3%25.1%24.8%
Skew 25d1.3%0.4%2.0%0.4%1.7%
Skew 10d3.2%0.3%5.8%0.3%4.2%
Call IV 25d22.0%20.1%24.3%23.7%24.3%
Put IV 25d23.3%21.0%26.0%24.1%26.0%
Bid-Ask Spread %2.291.692.922.922.74
Gamma HHI0.200.120.590.120.43
Net GEX193.3M108.4M558.7M176.7M313.9M
Net DEX-4.22B-5.08B-3.29B-4.37B-3.34B
Net VEX-24.5M-25.4M-22.8M-25.2M-25.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.050.950.750.27
Total Volume152,280.90969,052586,712142,144110,061
Total OI2,729,048.6362,517,6922,944,0942,900,3872,666,860

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$61.69$57.5023.6%7.0%26.6%21.4%25.1%0.4%-0.3%176.7M-4.37B-25.2M0.752.9281,05361,0911,583,2481,317,139
2024-05-02$61.50$57.5023.8%7.0%26.2%23.0%16.6%0.9%0.5%159.4M-4.19B-25.2M0.052.85559,80626,9061,587,5611,356,533
2024-05-03$61.47$60.0023.3%6.6%25.9%19.6%22.8%1.2%3.1%144.1M-3.45B-25.2M0.202.60147,72229,1791,445,5221,368,073
2024-05-06$62.72$55.0022.8%6.8%26.8%16.4%23.9%1.4%0.5%178.0M-4.32B-25.1M0.351.72144,50350,7261,410,5161,330,880
2024-05-07$62.05$55.0022.4%6.7%27.1%13.8%23.2%1.5%0.4%163.2M-3.83B-25.4M0.921.8970,48764,6891,413,8871,367,186
2024-05-08$62.86$55.0021.9%6.6%26.2%10.8%22.8%0.9%0.2%203.8M-4.42B-24.6M0.152.07123,96018,2711,421,1661,394,174
2024-05-09$63.30$55.0021.7%6.4%26.1%10.0%22.4%1.1%0.8%256.2M-4.68B-24.2M0.292.04111,84231,8851,447,2631,400,894
2024-05-10$63.55$55.0021.3%6.4%24.9%7.2%22.3%0.9%0.4%150.5M-4.76B-24.2M0.191.98111,12821,1291,449,1891,413,212
2024-05-13$63.47$55.0020.1%6.5%23.1%0.2%22.7%2.0%6.6%147.1M-4.46B-24.3M0.252.4384,88220,9081,359,9711,338,615
2024-05-14$63.55$55.0022.0%6.6%20.1%11.9%22.7%1.9%1.2%179.9M-4.60B-24.0M0.271.70109,52129,2861,399,5111,349,937
2024-05-15$64.06$55.0021.0%6.0%18.8%5.4%21.8%1.7%-0.0%234.0M-4.96B-23.8M0.291.6988,63325,6301,431,2741,353,097
2024-05-16$64.30$55.0021.3%6.1%18.7%7.3%22.9%0.9%-0.1%251.2M-5.08B-23.5M0.321.90125,35739,8171,427,8771,358,132
2024-05-17$63.95$55.0020.3%5.8%19.0%1.5%20.8%0.9%0.0%558.7M-4.74B-23.6M0.211.7792,76519,5951,448,2881,365,004
2024-05-20$63.16$55.0021.0%6.0%17.3%5.8%21.6%1.4%0.9%137.9M-4.06B-23.2M0.462.3086,27240,0471,303,1501,214,542
2024-05-21$64.56$55.0021.5%6.2%16.1%8.7%22.0%0.9%0.6%178.5M-4.90B-22.8M0.252.8590,79323,0041,342,3241,231,130
2024-05-22$63.89$55.0021.5%6.2%16.7%8.8%21.6%1.1%1.0%174.5M-4.41B-23.8M0.742.4488,32365,7441,358,2321,239,674
2024-05-23$63.05$55.0022.9%6.5%16.8%17.1%22.7%1.5%0.6%129.2M-3.75B-25.2M0.952.8789,45085,0181,366,2501,285,666
2024-05-24$63.61$55.0021.8%6.2%16.5%10.3%22.3%1.4%0.4%176.3M-4.22B-25.2M0.392.5177,23430,0591,403,8051,291,972
2024-05-28$62.52$55.0023.4%6.7%17.2%19.9%23.5%1.9%-1.1%120.1M-3.59B-25.0M0.512.6647,56624,1831,344,9461,231,238
2024-05-29$62.08$55.0024.2%6.9%17.2%24.9%24.2%1.5%-0.9%111.7M-3.37B-24.8M0.562.2144,21024,8421,357,2421,244,683
2024-05-30$61.95$55.0024.4%7.1%17.2%26.5%25.3%2.0%-1.1%108.4M-3.29B-24.9M0.402.3794,54038,0631,363,0831,256,124
2024-05-31$62.02$55.0024.6%7.2%17.1%27.2%24.8%1.7%-1.3%313.9M-3.34B-25.1M0.272.7486,62323,4381,392,3651,274,495