C Options History — July 2024

In July 2024, C traded between $63.34 and $67.48. ATM implied volatility averaged 24.2%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 2.1% (HV 20d: 26.2%). Max pain ranged from $60.00 to $62.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.50.

Notable Days

  • 2024-07-12: Highest Volume — 294,461 contracts
  • 2024-07-12: Largest IV drop — 15.2% change
  • 2024-07-09: Highest IV Rank — 36.9%
  • 2024-07-01: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.13$63.34$67.48$63.34$65.19
Max Pain$61.82$60.00$62.50$60.00$62.50
ATM IV24.2%21.9%26.1%25.7%23.9%
Expected Move7.0%6.2%7.9%7.9%7.0%
HV 20d26.2%23.3%28.9%24.8%26.9%
HV 60d22.7%21.6%23.3%22.6%23.3%
IV Rank24.8%11.2%36.9%34.2%23.5%
IV Percentile41.2%12.3%63.5%58.7%40.5%
Term Structure-0.2%-1.2%1.1%1.1%-0.3%
VWIV24.5%21.5%28.1%28.1%24.7%
Skew 25d1.6%1.0%2.4%1.6%1.6%
Skew 10d2.8%1.3%4.2%3.2%3.0%
Call IV 25d23.3%20.9%24.7%24.7%23.2%
Put IV 25d24.9%22.4%26.6%26.3%24.8%
Bid-Ask Spread %2.731.934.962.823.86
Gamma HHI0.170.110.340.110.16
Net GEX102.2M72.4M145.7M89.0M101.3M
Net DEX-3.64B-4.90B-2.75B-3.20B-3.32B
Net VEX-23.9M-24.7M-23.1M-24.2M-23.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.161.140.301.12
Total Volume99,959.31835,653294,46195,48435,653
Total OI2,240,400.1362,169,1392,396,2702,172,6342,207,372

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$63.34$60.0025.7%7.9%24.8%34.2%28.1%1.6%1.1%89.0M-3.20B-24.2M0.302.8273,38222,1021,156,8231,015,811
2024-07-02$64.63$60.0024.9%7.7%25.6%29.7%27.4%1.4%0.8%102.2M-3.78B-24.0M0.382.5558,71822,3561,185,5731,022,761
2024-07-03$64.56$60.0024.8%7.7%25.2%29.0%27.3%1.3%-0.2%109.1M-3.73B-24.0M0.482.9225,96312,3771,196,1371,027,238
2024-07-05$64.02$60.0024.5%6.8%25.4%27.0%23.9%1.3%0.2%127.7M-3.49B-23.8M0.661.9334,58522,9601,203,3811,033,805
2024-07-08$64.73$60.0026.0%7.2%25.6%36.0%25.3%2.2%-0.8%85.2M-3.64B-23.6M0.452.1161,15827,4451,163,7991,012,431
2024-07-09$66.59$60.0026.1%7.2%27.2%36.9%25.8%1.9%-1.1%92.4M-4.41B-23.1M0.342.38131,95444,2591,189,0811,029,895
2024-07-10$66.82$62.5025.9%7.1%26.7%35.4%24.4%1.6%-1.2%97.3M-4.37B-24.1M0.392.1364,67325,1831,202,1781,045,187
2024-07-11$65.69$62.5025.9%7.2%23.3%35.3%24.8%1.7%-0.5%95.8M-3.97B-23.7M0.484.96111,54553,6671,219,4191,056,081
2024-07-12$64.73$62.5021.9%6.2%24.0%11.2%21.5%1.4%-0.7%104.2M-3.54B-23.7M0.302.36226,34168,1201,240,9881,078,123
2024-07-15$65.18$62.5022.4%6.4%24.0%14.2%22.2%1.6%-0.4%105.6M-3.84B-23.4M0.292.0095,53528,1771,224,2871,050,279
2024-07-16$67.28$62.5022.7%6.5%24.7%15.9%23.3%1.0%-0.1%128.0M-4.81B-23.1M0.172.25188,80931,8001,248,6081,056,830
2024-07-17$67.48$62.5022.9%6.6%24.7%17.4%23.2%1.0%0.0%138.0M-4.90B-23.5M0.162.30100,18116,3601,274,8321,060,648
2024-07-18$64.96$62.5023.9%6.9%28.9%23.4%24.1%2.4%-0.2%105.4M-3.64B-24.4M0.572.4882,03546,8691,287,7241,065,335
2024-07-19$65.09$62.5023.6%6.8%28.7%21.4%24.3%2.0%-0.2%145.7M-3.72B-24.7M0.592.1651,70230,4371,312,7791,083,491
2024-07-22$64.30$62.5022.9%6.6%28.6%17.4%22.8%2.0%-0.0%78.4M-2.98B-24.1M0.522.7634,03217,7321,189,477985,250
2024-07-23$64.75$62.5022.4%6.5%26.7%14.4%22.7%1.4%-0.0%88.8M-3.13B-24.7M1.142.8617,06019,4031,200,200991,634
2024-07-24$63.77$62.5023.6%6.8%27.3%21.6%24.2%1.4%-0.0%72.4M-2.75B-24.3M0.682.7823,64416,0901,203,400993,515
2024-07-25$64.59$62.5024.0%7.0%27.5%23.8%24.6%1.8%-0.2%87.4M-3.10B-24.2M0.803.0740,85332,5951,205,299997,039
2024-07-26$65.16$62.5024.1%6.9%27.6%24.3%23.8%1.4%-0.6%117.1M-3.29B-24.7M0.424.1950,30820,9831,211,9281,000,539
2024-07-29$64.25$62.5024.1%7.1%26.5%24.8%25.0%2.1%0.3%79.0M-2.93B-23.9M0.432.5935,37215,1661,181,349987,790
2024-07-30$65.72$62.5025.0%7.6%27.6%29.9%26.5%1.5%-0.2%99.4M-3.59B-23.6M0.302.7162,93818,5831,195,431995,056
2024-07-31$65.19$62.5023.9%7.0%26.9%23.5%24.7%1.6%-0.3%101.3M-3.32B-23.8M1.123.8616,82218,8311,205,9841,001,388