CME Options History — April 2010

In April 2010, CME traded between $62.04 and $68.35. ATM implied volatility averaged 28.8%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 8.0% (HV 20d: 20.8%). Max pain ranged from $62.00 to $64.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.56.

Notable Days

  • 2010-04-22: Highest Volume — 115,060 contracts
  • 2010-04-14: Largest IV spike — 16.5% change
  • 2010-04-27: Highest IV Rank — 31.2%
  • 2010-04-27: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$64.46$62.04$68.35$63.94$65.85
Max Pain$62.95$62.00$64.00$62.00$64.00
ATM IV28.8%22.7%38.0%23.5%31.9%
Expected Move8.6%6.7%10.9%6.7%9.1%
HV 20d20.8%14.3%28.7%16.2%28.6%
HV 60d34.7%32.2%36.4%36.3%32.6%
IV Rank12.5%0.1%31.2%1.6%18.7%
IV Percentile21.1%0.4%46.8%2.8%34.1%
Term Structure0.4%-1.4%4.9%4.9%2.1%
VWIV30.7%23.0%38.9%23.0%32.5%
Skew 25d3.0%-0.0%4.7%2.6%2.0%
Skew 10d6.1%-0.4%9.4%4.7%3.9%
Call IV 25d29.0%23.0%38.5%23.0%31.5%
Put IV 25d32.0%25.6%38.4%25.6%33.5%
Bid-Ask Spread %23.5410.4956.4010.4956.40
Gamma HHI0.130.080.330.140.09
Net GEX9.8M315.2K23.4M11.6M10.6M
Net DEX-176.4M-361.9M-51.1M-177.5M-226.2M
Net VEX-2.7M-3.4M-2.3M-2.6M-3.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.251.430.730.51
Total Volume36,401.90514,655115,06016,12018,680
Total OI314,274.286246,060387,595296,315387,595

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-04-01$63.94$62.0023.5%6.7%16.2%1.6%23.0%2.6%4.9%11.6M-177.5M-2.6M0.7310.49N/AN/A9,3356,785160,615135,700
2010-04-05$63.42$64.0026.3%8.4%16.4%7.4%32.5%4.7%0.4%9.3M-142.1M-2.5M0.6215.73N/AN/A16,28010,095160,335138,530
2010-04-06$63.38$64.0025.0%8.1%16.1%4.7%29.0%3.9%0.4%10.0M-139.7M-2.5M0.5614.80N/AN/A13,9257,855163,215140,985
2010-04-07$62.86$64.0025.7%8.3%15.2%6.1%31.4%4.0%0.4%8.9M-119.8M-2.4M0.9415.52N/AN/A10,96010,335164,985142,770
2010-04-08$62.35$64.0024.3%8.2%15.6%3.4%29.3%3.9%0.3%6.4M-84.5M-2.4M0.6912.81N/AN/A9,3356,430164,985142,770
2010-04-09$62.42$62.0022.7%8.1%14.3%0.1%28.9%4.0%0.6%8.2M-92.2M-2.4M0.4716.11N/AN/A11,2305,285172,055150,140
2010-04-12$62.10$62.0025.7%8.3%14.3%6.2%29.5%4.2%0.2%4.8M-69.0M-2.3M0.6312.19N/AN/A9,4205,940170,305151,460
2010-04-13$62.04$62.0023.8%7.9%14.3%2.4%27.5%3.6%0.4%2.5M-51.1M-2.3M0.3414.68N/AN/A20,3206,815172,165152,880
2010-04-14$63.89$62.0027.8%7.9%17.8%10.3%27.6%4.0%-0.3%18.8M-198.5M-2.3M0.3311.23N/AN/A32,94010,890174,585153,470
2010-04-15$64.22$62.0028.1%8.1%17.8%11.0%27.9%4.0%-0.5%23.4M-223.5M-2.4M0.4013.80N/AN/A24,1609,550178,820155,140
2010-04-16$62.44$62.0030.4%8.7%19.7%15.7%30.9%4.2%-0.6%315.2K-86.8M-2.3M1.4317.25N/AN/A26,67038,230179,910157,450
2010-04-19$64.21$62.0029.7%8.5%22.1%14.3%30.1%4.1%0.2%5.6M-123.3M-2.5M0.4634.32N/AN/A30,92514,085132,310113,750
2010-04-20$64.07$62.0028.4%8.1%22.1%11.6%29.0%3.3%-0.1%7.2M-127.9M-2.5M0.6930.30N/AN/A17,65512,135145,060117,775
2010-04-21$64.50$62.0028.2%8.1%22.1%11.2%28.8%3.2%-0.1%7.3M-140.4M-2.5M0.8432.13N/AN/A7,9456,710147,305122,290
2010-04-22$67.59$62.0031.4%9.0%26.0%17.8%32.1%3.0%-0.1%10.7M-287.0M-2.8M0.3727.10N/AN/A83,93031,130148,745125,030
2010-04-23$66.97$64.0031.6%9.0%26.3%18.1%31.8%1.7%-0.3%12.2M-279.0M-3.0M0.5030.77N/AN/A23,55011,815177,440136,820
2010-04-26$68.35$64.0036.0%10.3%26.4%27.0%36.4%0.6%-1.4%13.2M-361.9M-3.2M0.2520.29N/AN/A54,65513,430181,330138,565
2010-04-27$66.65$64.0038.0%10.9%28.4%31.2%38.9%-0.0%-1.1%11.3M-277.4M-3.3M0.3425.69N/AN/A28,1409,570192,370142,570
2010-04-28$66.06$64.0035.4%10.2%28.7%25.9%36.3%0.3%-0.1%10.5M-237.5M-3.3M0.4741.88N/AN/A30,51514,305198,360145,585
2010-04-29$66.30$64.0031.1%8.9%28.7%17.2%32.0%1.7%2.1%12.5M-259.2M-3.3M0.2940.78N/AN/A40,63511,845211,025152,565
2010-04-30$65.85$64.0031.9%9.1%28.6%18.7%32.5%2.0%2.1%10.6M-226.2M-3.4M0.5156.40N/AN/A12,4106,270223,835163,760