C Options History — December 2024

In December 2024, C traded between $68.09 and $72.55. ATM implied volatility averaged 24.6%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 4.1% (HV 20d: 20.5%). Max pain ranged from $52.50 to $65.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.44.

Notable Days

2024-12-11: Highest Volume — 138,265 contracts
2024-12-18: Largest IV spike — 13.6% change
2024-12-19: Highest IV Rank — 60.5%
2024-12-19: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$71.01	$68.09	$72.55	$71.37	$70.38
Max Pain	$56.07	$52.50	$65.00	$62.50	$55.00
ATM IV	24.6%	20.2%	30.9%	22.0%	27.2%
Expected Move	7.6%	6.7%	8.9%	6.8%	8.7%
HV 20d	20.5%	14.2%	35.3%	35.3%	20.5%
HV 60d	31.3%	30.2%	32.4%	32.4%	30.7%
IV Rank	25.1%	0.5%	60.5%	10.7%	39.6%
IV Percentile	38.4%	0.4%	92.5%	8.7%	67.9%
Term Structure	0.8%	-1.7%	4.6%	0.5%	0.9%
VWIV	27.3%	23.9%	31.8%	24.4%	30.2%
Skew 25d	2.0%	0.7%	4.0%	1.1%	2.5%
Skew 10d	4.9%	1.9%	10.3%	4.6%	5.1%
Call IV 25d	23.9%	17.8%	30.8%	21.7%	26.1%
Put IV 25d	25.8%	20.5%	33.7%	22.9%	28.6%
Bid-Ask Spread %	2.51	1.73	3.73	2.56	2.87
Gamma HHI	0.12	0.09	0.33	0.10	0.11
Net GEX	62.6M	-96.6M	93.1M	88.7M	58.3M
Net DEX	-4.03B	-4.93B	-2.82B	-4.45B	-3.46B
Net VEX	-20.4M	-21.4M	-19.6M	-20.8M	-19.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.44	0.36	3.18	2.64	0.94
Total Volume	84,336.762	27,333	138,265	104,727	34,172
Total OI	2,321,477.667	2,170,960	2,430,775	2,307,819	2,207,525

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
2024-12-02	$71.37	$62.50	22.0%	6.8%	35.3%	10.7%	24.4%	1.1%	0.5%	88.7M	-4.45B	-20.8M	2.64	2.56	28,785	75,942	1,156,626	1,151,193
2024-12-03	$71.35	$62.50	21.7%	6.9%	33.8%	8.7%	24.3%	3.8%	0.7%	83.1M	-4.46B	-20.3M	1.81	2.37	32,607	59,156	1,162,068	1,171,116
2024-12-04	$71.68	$65.00	21.2%	6.7%	33.7%	6.3%	23.9%	0.9%	0.4%	85.2M	-4.53B	-20.4M	3.18	2.36	28,414	90,293	1,162,699	1,186,792
2024-12-05	$72.55	$52.50	21.1%	7.1%	16.9%	5.4%	25.2%	0.8%	0.2%	93.1M	-4.93B	-20.1M	1.27	2.29	50,233	63,658	1,167,808	1,228,745
2024-12-06	$72.09	$55.00	20.2%	6.9%	15.9%	0.5%	24.9%	0.8%	0.6%	14.3M	-4.70B	-20.0M	2.12	2.76	28,992	61,454	1,175,512	1,254,448
2024-12-09	$72.09	$55.00	21.8%	7.2%	15.8%	9.5%	26.5%	1.0%	3.3%	86.4M	-4.59B	-20.3M	2.12	2.10	19,763	41,855	1,159,187	1,177,129
2024-12-10	$72.50	$55.00	21.2%	7.3%	14.7%	6.2%	25.8%	0.7%	4.6%	83.5M	-4.75B	-20.0M	1.33	2.14	43,072	57,463	1,166,027	1,199,285
2024-12-11	$71.77	$55.00	22.1%	7.4%	14.6%	11.3%	26.1%	1.0%	3.6%	71.9M	-4.40B	-20.4M	1.05	2.09	67,607	70,658	1,161,393	1,198,806
2024-12-12	$71.75	$55.00	22.8%	7.4%	14.6%	15.0%	27.7%	0.9%	3.8%	56.1M	-4.42B	-20.8M	1.61	1.88	23,229	37,339	1,186,329	1,232,094
2024-12-13	$71.09	$55.00	22.8%	7.3%	14.3%	14.8%	26.5%	0.7%	4.2%	-96.6M	-4.14B	-20.8M	0.36	1.73	87,654	31,656	1,194,513	1,236,262
2024-12-16	$71.48	$55.00	25.1%	7.5%	14.2%	28.0%	27.0%	1.6%	-0.4%	82.4M	-4.28B	-20.2M	0.66	1.80	48,218	31,795	1,134,034	1,190,138
2024-12-17	$71.19	$55.00	27.1%	7.9%	14.3%	38.9%	31.8%	1.8%	-1.6%	83.3M	-4.19B	-20.5M	1.25	1.91	32,696	40,831	1,141,801	1,193,698
2024-12-18	$68.09	$55.00	30.7%	8.8%	21.6%	59.5%	31.5%	2.1%	-0.9%	52.0M	-2.82B	-21.4M	0.80	3.73	39,580	31,767	1,147,089	1,221,889
2024-12-19	$68.72	$55.00	30.9%	8.9%	21.8%	60.5%	30.9%	4.0%	-1.6%	57.9M	-3.04B	-21.4M	1.91	2.51	47,490	90,630	1,147,824	1,228,576
2024-12-20	$69.63	$55.00	27.7%	8.0%	21.8%	42.7%	29.8%	3.9%	-0.9%	70.6M	-3.45B	-20.9M	1.86	2.77	37,448	69,538	1,156,650	1,250,752
2024-12-23	$69.75	$55.00	26.3%	7.7%	21.6%	34.7%	26.1%	2.5%	-0.4%	51.6M	-3.23B	-20.4M	0.71	3.09	50,814	35,909	1,034,235	1,136,725
2024-12-24	$71.13	$55.00	25.2%	7.4%	22.1%	28.3%	25.8%	2.6%	-0.0%	68.5M	-3.78B	-20.1M	0.62	3.20	16,908	10,425	1,050,778	1,153,919
2024-12-26	$71.26	$55.00	26.6%	7.5%	21.1%	36.1%	26.5%	3.1%	-1.7%	74.8M	-3.83B	-19.9M	1.76	3.10	16,225	28,539	1,056,364	1,158,013
2024-12-27	$70.80	$55.00	26.0%	7.8%	21.2%	33.2%	27.3%	2.8%	0.2%	85.6M	-3.58B	-20.3M	0.74	2.51	34,779	25,679	1,060,021	1,170,447
2024-12-30	$70.56	$55.00	26.9%	8.4%	20.5%	38.2%	30.2%	2.7%	1.1%	64.7M	-3.55B	-19.6M	1.61	2.88	18,292	29,507	1,046,646	1,135,875
2024-12-31	$70.38	$55.00	27.2%	8.7%	20.5%	39.6%	30.2%	2.5%	0.9%	58.3M	-3.46B	-19.8M	0.94	2.87	17,600	16,572	1,052,993	1,154,532