C Options History — March 2026

In March 2026, C traded between $105.69 and $114.47. ATM implied volatility averaged 40.8%, placing in the 37.3% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 0.1% (HV 20d: 40.9%). Max pain ranged from $108.00 to $110.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2026-03-09: Highest Volume — 140,635 contracts
  • 2026-03-17: Largest IV drop — 8.8% change
  • 2026-03-27: Highest IV Rank — 49.7%
  • 2026-03-12: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$109.45$105.69$114.47$111.22$113.37
Max Pain$109.71$108.00$110.00$108.00$110.00
ATM IV40.8%36.9%46.5%37.5%42.3%
Expected Move11.4%2.8%13.3%11.4%12.1%
HV 20d40.9%30.6%48.7%47.7%36.9%
HV 60d36.8%35.8%39.5%36.3%39.5%
IV Rank37.3%29.0%49.7%30.2%40.7%
IV Percentile94.8%88.9%98.0%91.7%95.6%
Term Structure-0.1%-2.2%2.6%-0.7%0.1%
VWIV42.0%36.6%47.7%42.9%43.4%
Skew 25d8.1%6.1%9.8%6.1%9.1%
Skew 10d17.4%14.3%20.1%14.3%18.9%
Call IV 25d37.0%33.8%42.2%35.2%37.5%
Put IV 25d45.1%41.2%50.0%41.3%46.6%
Bid-Ask Spread %21.327.4046.2638.138.50
Gamma HHI0.070.050.160.060.08
Net GEX23.1M-14.7M52.8M17.3M47.1M
Net DEX-1.93B-2.76B-1.18B-2.09B-2.59B
Net VEX-23.7M-24.4M-22.5M-22.5M-24.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.291.481.400.41
Total Volume67,243.57130,609140,63580,54252,558
Total OI1,403,704.191,257,4361,565,9011,303,8191,333,414

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$111.22$108.0037.5%11.4%47.7%30.2%42.9%6.1%-0.7%17.3M-2.09B-22.5M1.4038.1333,58146,961602,023701,796
2026-03-03$111.05$108.0038.8%11.5%47.7%33.0%40.8%7.7%-1.3%15.7M-2.07B-22.8M0.4035.5672,54629,019614,633726,360
2026-03-04$111.71$108.0036.9%10.8%47.6%29.0%36.6%7.4%-0.8%32.4M-2.34B-23.7M0.5434.7319,82310,786665,319741,826
2026-03-05$108.95$110.0038.4%11.1%48.1%32.2%38.2%7.2%-1.1%12.9M-1.81B-23.7M0.7540.6824,28618,305674,064743,807
2026-03-06$105.92$110.0041.4%12.3%48.7%38.7%43.6%9.8%-1.3%-14.7M-1.18B-23.7M1.0636.7940,20542,578679,699748,696
2026-03-09$106.63$110.0039.4%11.9%43.9%34.3%42.5%8.1%2.3%5.3M-1.37B-23.4M0.2941.12108,72231,913671,702738,512
2026-03-10$109.41$110.0038.1%11.4%44.7%31.7%40.5%7.5%2.2%35.3M-2.17B-24.1M0.4446.2675,41133,504707,002754,029
2026-03-11$109.10$110.0039.2%11.3%44.6%33.9%41.8%9.0%0.1%33.2M-2.02B-24.4M1.4831.1017,36525,625717,246761,175
2026-03-12$105.79$110.0041.8%13.3%44.1%39.5%42.7%9.8%1.9%6.7M-1.33B-24.1M0.8716.5631,51127,567723,035767,246
2026-03-13$105.69$110.0041.9%2.8%39.9%39.7%47.7%8.6%2.6%11.3M-1.37B-23.8M0.6813.5448,83333,356734,194774,522
2026-03-16$106.93$110.0041.1%11.8%40.1%38.0%40.6%8.5%-2.2%17.6M-1.61B-23.6M0.6814.9221,88414,885731,849756,864
2026-03-17$108.10$110.0037.5%10.9%38.1%30.2%40.3%7.5%0.4%25.3M-1.80B-23.3M1.009.3715,83115,771736,633761,012
2026-03-18$108.45$110.0040.2%11.6%37.6%36.1%40.9%7.8%-1.0%28.4M-1.94B-23.2M1.1010.5341,40345,620740,746767,247
2026-03-20$109.23$110.0042.9%12.3%37.7%41.9%44.2%8.8%-1.0%52.8M-2.02B-23.8M0.8714.0532,49328,139765,347800,554
2026-03-23$112.01$110.0040.6%11.6%39.0%37.0%40.3%7.8%-0.0%25.7M-2.22B-23.8M0.758.1838,28228,691590,246667,190
2026-03-24$113.79$110.0041.5%11.8%36.6%38.8%41.9%8.0%-0.9%36.6M-2.57B-24.1M1.137.8827,20130,656615,374679,205
2026-03-25$114.47$110.0041.2%11.8%36.0%38.3%39.6%7.8%-1.3%46.8M-2.76B-23.8M0.6611.5625,41916,690623,898680,771
2026-03-26$112.44$110.0042.9%12.2%33.2%41.9%42.4%8.6%-1.1%33.5M-2.37B-24.1M0.657.4030,11519,462634,369684,427
2026-03-27$107.19$110.0046.5%13.0%36.2%49.7%44.4%7.5%-0.1%10.2M-1.41B-24.1M0.7411.5763,50146,939649,088692,956
2026-03-30$107.02$110.0046.3%13.2%30.6%49.2%47.0%7.8%1.7%6.5M-1.44B-24.0M0.489.2230,22714,451634,068685,644
2026-03-31$113.37$110.0042.3%12.1%36.9%40.7%43.4%9.1%0.1%47.1M-2.59B-24.2M0.418.5037,34315,215643,548689,866