CME Options History — March 2010

In March 2010, CME traded between $60.21 and $63.97. ATM implied volatility averaged 27.7%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 2.5% (HV 20d: 30.2%). Max pain ranged from $58.00 to $60.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 0.63.

Notable Days

  • 2010-03-02: Highest Volume — 55,890 contracts
  • 2010-03-17: Largest IV drop — 7.9% change
  • 2010-03-02: Highest IV Rank — 15.8%
  • 2010-03-02: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.46$60.21$63.97$60.21$63.22
Max Pain$59.57$58.00$60.00$58.00$60.00
ATM IV27.7%24.4%30.6%30.3%24.4%
Expected Move8.0%7.0%8.8%8.7%7.0%
HV 20d30.2%15.9%47.1%46.2%15.9%
HV 60d36.6%36.3%36.9%36.4%36.3%
IV Rank10.2%3.6%15.8%15.2%3.6%
IV Percentile11.1%4.0%19.0%15.9%4.0%
Term Structure2.8%0.7%4.9%1.4%4.7%
VWIV29.1%25.3%33.0%30.9%25.3%
Skew 25d4.6%2.6%5.4%5.3%2.7%
Skew 10d9.6%5.3%12.3%10.1%6.4%
Call IV 25d26.3%23.7%29.2%28.4%24.1%
Put IV 25d31.0%26.8%34.3%33.8%26.8%
Bid-Ask Spread %16.369.6627.8512.6812.28
Gamma HHI0.140.080.250.110.13
Net GEX10.8M3.4M20.9M3.4M9.6M
Net DEX-146.9M-244.1M-29.3M-29.3M-143.3M
Net VEX-2.4M-2.6M-2.2M-2.2M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.431.010.690.43
Total Volume30,358.4789,24055,89020,72514,830
Total OI339,055245,350426,000328,355294,790

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-03-01$60.21$58.0030.3%8.7%46.2%15.2%30.9%5.3%1.4%3.4M-29.3M-2.2M0.6912.68N/AN/A12,3008,425168,815159,540
2010-03-02$61.89$58.0030.6%8.8%46.9%15.8%32.0%5.1%0.7%7.5M-124.2M-2.3M0.4912.97N/AN/A37,49018,400172,495162,935
2010-03-03$61.17$58.0029.7%8.5%47.1%14.3%32.0%4.8%0.7%6.0M-73.9M-2.3M0.8111.75N/AN/A15,30512,450179,105166,440
2010-03-04$61.50$60.0028.9%8.3%47.1%12.6%31.1%5.0%1.3%7.3M-96.9M-2.3M0.6411.75N/AN/A14,4309,205182,685171,170
2010-03-05$62.03$60.0026.8%8.3%35.1%8.4%31.5%5.4%2.0%9.8M-135.9M-2.2M0.4413.15N/AN/A24,98510,890184,730172,345
2010-03-08$62.63$60.0028.6%8.6%32.7%12.0%32.1%5.4%1.6%11.3M-140.9M-2.2M0.7117.18N/AN/A21,71515,340177,840175,585
2010-03-09$61.63$60.0028.5%8.5%33.5%11.8%33.0%5.4%1.6%10.0M-108.2M-2.2M1.0120.45N/AN/A22,24522,430181,810177,455
2010-03-10$61.58$58.0028.2%8.6%33.5%11.2%30.7%5.2%1.4%10.8M-108.7M-2.2M0.5618.94N/AN/A18,17510,185188,190188,425
2010-03-11$62.66$58.0030.4%8.7%32.0%15.7%30.2%5.3%1.7%14.8M-181.7M-2.3M0.4322.71N/AN/A24,78510,610194,170189,855
2010-03-12$62.88$60.0029.6%8.5%30.6%14.1%29.9%5.2%2.3%16.5M-196.9M-2.3M0.4621.04N/AN/A23,59510,790195,845190,495
2010-03-15$62.83$60.0030.4%8.7%30.1%15.6%30.9%5.2%2.0%16.8M-198.2M-2.2M0.7416.58N/AN/A16,02511,840198,005192,510
2010-03-16$62.87$60.0030.2%8.7%29.4%15.2%30.1%5.4%2.2%18.3M-244.1M-2.3M0.7013.84N/AN/A21,43014,975207,780196,115
2010-03-17$63.20$60.0027.8%8.0%28.8%10.4%29.2%5.0%3.6%20.9M-232.9M-2.4M0.5014.96N/AN/A19,0059,535205,730200,890
2010-03-18$62.18$60.0027.9%8.0%29.5%10.6%28.2%4.8%3.8%13.9M-163.0M-2.4M0.5919.20N/AN/A20,60012,075208,010201,685
2010-03-19$62.33$60.0026.7%7.7%29.5%8.2%28.4%5.0%3.9%12.8M-231.6M-2.5M0.9527.85N/AN/A21,18020,160223,015202,985
2010-03-22$62.32$60.0026.2%7.5%28.6%7.2%26.3%4.5%4.5%6.4M-108.5M-2.4M0.7814.54N/AN/A11,3008,855131,670113,680
2010-03-23$62.12$60.0025.6%7.3%24.3%5.9%25.8%4.4%4.2%6.2M-94.9M-2.4M0.9521.19N/AN/A7,0656,685135,580116,605
2010-03-24$63.78$60.0025.5%7.3%19.8%5.7%26.5%4.2%4.2%9.1M-166.7M-2.6M0.4522.26N/AN/A31,97514,500138,475119,580
2010-03-25$63.97$60.0024.7%7.1%19.3%4.2%25.9%3.8%4.9%10.9M-183.7M-2.6M0.5116.43N/AN/A27,35014,010149,955123,580
2010-03-26$63.14$60.0025.1%7.2%19.1%5.0%25.8%3.6%4.3%8.5M-134.9M-2.6M0.4912.81N/AN/A17,6258,715153,210127,370
2010-03-29$63.13$60.0025.7%7.4%19.1%6.2%26.5%2.6%3.8%7.9M-133.0M-2.6M0.5411.99N/AN/A10,0705,450154,400130,540
2010-03-30$63.23$60.0025.0%7.2%16.6%4.8%26.6%3.0%4.3%9.6M-146.3M-2.6M0.719.66N/AN/A5,4053,835158,810133,365
2010-03-31$63.22$60.0024.4%7.0%15.9%3.6%25.3%2.7%4.7%9.6M-143.3M-2.6M0.4312.28N/AN/A10,3454,485160,460134,330