CME Options History — December 2009

In December 2009, CME traded between $63.89 and $67.91. ATM implied volatility averaged 26.0%, placing in the 1.4% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 6.2% (HV 20d: 19.8%). Max pain ranged from $62.00 to $68.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2009-12-07: Highest Volume — 74,930 contracts
  • 2009-12-07: Largest IV spike — 12.4% change
  • 2009-12-07: Highest IV Rank — 4.7%
  • 2009-12-07: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.98$63.89$67.91$66.17$67.19
Max Pain$64.36$62.00$68.00$62.00$64.00
ATM IV26.0%22.7%29.3%26.7%23.1%
Expected Move7.6%6.5%8.9%7.7%6.6%
HV 20d19.8%18.6%22.9%22.9%18.8%
HV 60d26.5%22.0%28.8%28.2%22.0%
IV Rank1.4%0.0%4.7%0.8%0.5%
IV Percentile1.5%0.0%3.6%0.4%0.8%
Term Structure4.1%2.7%5.5%2.9%4.4%
VWIV27.6%23.7%39.2%28.2%24.5%
Skew 25d3.7%2.5%4.5%4.3%2.8%
Skew 10d7.6%5.1%9.7%9.7%5.8%
Call IV 25d25.1%21.7%29.0%25.3%22.5%
Put IV 25d28.7%24.8%33.4%29.7%25.3%
Bid-Ask Spread %38.696.9452.0433.346.94
Gamma HHI0.140.090.210.140.15
Net GEX13.6M5.2M24.5M15.9M11.3M
Net DEX-165.1M-244.5M9.1M-243.9M-185.7M
Net VEX-1.8M-2.0M-1.6M-2.0M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.171.130.640.81
Total Volume27,498.40911,93074,93027,44014,045
Total OI381,437.273283,525428,640408,830338,645

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-12-01$66.17$62.0026.7%7.7%22.9%0.8%28.2%4.3%2.9%15.9M-243.9M-2.0M0.6433.34N/AN/A16,73010,710239,775169,055
2009-12-02$65.67$62.0026.4%7.6%22.4%0.5%27.0%3.0%3.1%16.2M-220.4M-1.9M0.4948.50N/AN/A25,53512,390243,515171,690
2009-12-03$66.00$62.0026.9%7.7%21.0%1.1%26.9%3.4%2.7%17.7M-244.5M-2.0M0.3230.98N/AN/A25,1458,150246,415173,805
2009-12-04$66.13$64.0026.1%8.4%18.6%0.1%29.3%4.5%4.2%17.8M-233.1M-1.9M0.6441.69N/AN/A19,31512,310250,345175,625
2009-12-07$64.74$64.0029.3%8.9%20.6%4.7%39.2%4.5%3.1%11.3M-134.2M-1.9M0.1740.60N/AN/A63,85511,075249,325177,445
2009-12-08$63.89$68.0028.6%8.9%19.9%3.8%31.0%4.4%3.3%7.8M9.1M-1.8M0.6345.42N/AN/A13,9208,760235,830181,515
2009-12-09$65.15$66.0026.5%8.3%19.5%0.8%29.9%4.2%4.1%13.3M-122.1M-1.8M0.5241.43N/AN/A17,1358,920236,960176,125
2009-12-10$65.58$66.0028.2%8.1%18.7%3.5%29.1%4.2%4.4%15.7M-151.7M-1.8M0.5836.96N/AN/A11,3756,555239,620177,525
2009-12-11$66.83$64.0027.5%7.9%19.6%2.4%28.1%4.2%5.0%23.9M-241.0M-1.9M0.6537.15N/AN/A23,32015,255240,995178,400
2009-12-14$66.61$66.0028.1%8.0%19.5%3.2%29.6%4.1%4.6%24.5M-229.5M-1.7M0.9040.15N/AN/A8,9257,990244,910179,570
2009-12-15$66.25$66.0027.5%7.9%19.2%2.4%28.5%3.8%4.7%20.6M-190.9M-1.7M0.9034.74N/AN/A7,1806,495245,705179,280
2009-12-16$66.11$64.0026.3%7.5%19.0%0.5%26.6%3.5%5.5%19.8M-180.6M-1.7M0.6334.29N/AN/A17,11510,745247,110179,775
2009-12-17$64.91$66.0027.5%7.9%20.1%2.5%27.6%3.5%5.2%10.3M-95.2M-1.6M1.0538.69N/AN/A11,66012,275246,895181,265
2009-12-18$64.90$64.0027.2%7.8%19.9%2.0%27.5%4.1%5.0%5.2M-95.8M-1.6M0.7852.04N/AN/A18,29014,185247,760180,880
2009-12-21$64.87$64.0026.4%7.6%19.9%0.7%27.0%3.3%3.7%5.3M-71.0M-1.6M1.1334.91N/AN/A9,74011,050170,360113,165
2009-12-22$65.47$64.0024.1%6.9%20.1%0.0%24.7%3.2%4.1%6.8M-108.3M-1.6M0.6049.20N/AN/A11,2556,730176,415117,285
2009-12-23$65.60$64.0023.1%6.6%20.1%0.0%24.7%3.0%4.1%7.6M-112.3M-1.6M0.8648.70N/AN/A7,1106,150181,725121,020
2009-12-24$66.23$64.0022.7%6.5%19.1%0.0%24.3%3.2%4.9%8.3M-133.2M-1.7M0.5338.73N/AN/A7,7904,140184,665123,285
2009-12-28$67.91$64.0022.8%6.5%19.6%0.2%24.0%3.7%3.9%13.3M-219.1M-1.7M0.4240.87N/AN/A32,02513,530188,270124,490
2009-12-29$67.68$64.0023.2%6.6%18.9%0.7%23.7%3.0%4.1%13.4M-212.5M-1.8M0.4236.21N/AN/A23,2559,740196,050127,540
2009-12-30$67.67$64.0023.6%6.8%18.8%1.4%24.6%2.5%3.9%14.1M-216.9M-1.8M0.5139.57N/AN/A15,3057,785201,335130,255
2009-12-31$67.19$64.0023.1%6.6%18.8%0.5%24.5%2.8%4.4%11.3M-185.7M-1.8M0.816.94N/AN/A7,7406,305205,530133,115