CME Options History — June 2009

In June 2009, CME traded between $60.70 and $68.42. ATM implied volatility averaged 44.6%, placing in the 5.8% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded below realized volatility by 3.7% (HV 20d: 48.4%). Max pain ranged from $52.00 to $64.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.77.

Notable Days

  • 2009-06-05: Highest Volume — 695,415 contracts
  • 2009-06-22: Largest IV spike — 11.8% change
  • 2009-06-23: Highest IV Rank — 10.7%
  • 2009-06-23: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.16$60.70$68.42$65.94$62.22
Max Pain$61.64$52.00$64.00$52.00$64.00
ATM IV44.6%40.6%49.1%48.8%42.5%
Expected Move12.9%11.6%14.1%14.0%12.2%
HV 20d48.4%39.4%64.0%64.0%39.4%
HV 60d69.6%59.9%78.5%78.2%59.9%
IV Rank5.8%0.0%10.7%10.4%2.0%
IV Percentile7.3%0.0%19.4%16.7%2.4%
Term Structure2.0%-1.7%4.0%-0.5%4.0%
VWIV45.3%40.7%49.8%49.8%42.5%
Skew 25d3.8%2.1%5.5%5.2%2.1%
Skew 10d7.2%3.9%10.3%9.9%3.9%
Call IV 25d43.5%39.3%47.7%47.2%41.6%
Put IV 25d47.3%42.5%52.4%52.4%43.8%
Bid-Ask Spread %30.5014.8056.8952.7522.72
Gamma HHI0.100.050.280.090.07
Net GEX11.4M2.1M19.1M13.8M5.0M
Net DEX-487.1M-852.7M-108.4M-763.3M-177.9M
Net VEX-3.2M-3.4M-3.0M-3.1M-3.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.051.130.620.62
Total Volume84,022.27329,585695,41567,95048,330
Total OI513,603.409364,675586,610526,010451,215

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-06-01$65.94$52.0048.8%14.0%64.0%10.4%49.8%5.2%-0.5%13.8M-763.3M-3.1M0.6252.75N/AN/A42,05025,900278,980247,030
2009-06-02$67.07$52.0048.4%13.9%62.9%10.0%49.4%4.1%-1.7%13.9M-827.0M-3.2M0.7049.75N/AN/A60,13542,310281,375254,365
2009-06-03$65.61$54.0047.2%13.5%63.0%8.8%48.2%3.3%-0.2%12.7M-725.5M-3.2M0.9156.69N/AN/A26,07523,780287,590265,145
2009-06-04$67.34$54.0045.2%13.0%62.9%6.7%46.4%2.9%-0.0%15.7M-852.7M-3.3M0.5656.89N/AN/A32,37518,145294,920266,515
2009-06-05$66.98$62.0044.2%13.0%53.5%5.6%45.1%5.5%1.6%15.9M-838.7M-3.3M0.0523.44N/AN/A663,47031,945298,780269,215
2009-06-08$66.27$62.0047.1%13.7%52.5%8.6%48.1%5.1%0.5%14.2M-531.0M-3.3M0.7720.48N/AN/A24,06018,500262,065274,075
2009-06-09$66.60$62.0044.0%13.3%50.2%5.4%46.9%5.2%1.7%16.0M-585.9M-3.3M0.8324.35N/AN/A18,46015,405266,890274,490
2009-06-10$65.55$62.0042.1%13.2%47.5%3.5%45.9%3.9%1.9%14.7M-522.8M-3.3M0.5731.71N/AN/A30,64017,520269,000276,720
2009-06-11$68.42$64.0044.5%12.7%45.7%5.9%45.0%4.2%2.7%19.1M-715.4M-3.3M0.7326.82N/AN/A51,11537,305274,810279,205
2009-06-12$68.19$64.0043.6%12.5%44.9%5.0%43.7%3.6%2.5%16.5M-649.1M-3.3M0.8027.94N/AN/A26,97021,525275,985288,820
2009-06-15$66.32$64.0044.7%12.8%45.2%6.1%45.0%2.9%1.5%13.9M-535.5M-3.2M0.9920.79N/AN/A24,17023,860277,270291,200
2009-06-16$65.98$64.0043.3%12.4%44.1%4.7%43.2%3.3%2.0%13.9M-507.1M-3.1M0.7528.40N/AN/A24,11018,160282,340293,410
2009-06-17$65.30$64.0043.2%12.4%43.1%4.6%43.7%3.5%2.0%11.3M-442.2M-3.1M0.8534.07N/AN/A29,91525,575283,350295,940
2009-06-18$65.81$64.0042.5%12.2%41.2%3.9%43.0%3.2%2.7%13.1M-487.5M-3.1M0.6733.60N/AN/A23,41515,725286,445297,110
2009-06-19$65.51$64.0043.0%12.3%41.2%4.4%43.6%4.0%3.4%13.3M-454.6M-3.1M1.1333.80N/AN/A27,67531,225287,555299,055
2009-06-22$60.70$64.0048.1%13.8%48.4%9.7%47.8%2.7%3.5%2.1M-108.4M-3.0M1.0835.45N/AN/A36,55539,625195,105169,570
2009-06-23$60.71$64.0049.1%14.1%46.5%10.7%49.3%3.2%2.3%2.7M-119.8M-3.2M0.9814.80N/AN/A42,78541,735208,505180,465
2009-06-24$62.79$64.0046.1%13.2%47.3%7.6%45.2%4.6%3.0%4.9M-207.7M-3.3M0.6816.96N/AN/A44,09529,800219,030189,740
2009-06-25$63.11$64.0043.3%12.4%40.5%4.7%44.1%4.2%3.0%5.7M-201.5M-3.4M1.0016.70N/AN/A17,07517,015230,245196,285
2009-06-26$63.49$64.0040.7%11.7%40.5%0.0%41.0%3.5%4.0%6.1M-220.1M-3.3M0.7021.42N/AN/A17,84012,535233,250200,355
2009-06-29$63.64$64.0040.6%11.6%39.4%0.0%40.7%3.1%3.9%6.9M-242.2M-3.4M0.9321.36N/AN/A15,36014,225241,630204,230
2009-06-30$62.22$64.0042.5%12.2%39.4%2.0%42.5%2.1%4.0%5.0M-177.9M-3.3M0.6222.72N/AN/A29,83518,495244,660206,555