CME Options History — October 2014

In October 2014, CME traded between $78.26 and $83.84. ATM implied volatility averaged 23.2%, placing in the 66.1% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 0.5% (HV 20d: 22.7%). Max pain ranged from $72.50 to $75.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.59.

Notable Days

  • 2014-10-15: Highest Volume — 15,584 contracts
  • 2014-10-21: Largest IV drop — 8.6% change
  • 2014-10-15: Highest IV Rank — 100.0%
  • 2014-10-15: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.65$78.26$83.84$79.40$83.84
Max Pain$72.83$72.50$75.00$72.50$75.00
ATM IV23.2%17.3%28.7%22.3%17.3%
Expected Move6.1%5.3%6.9%5.9%5.4%
HV 20d22.7%20.2%25.4%20.2%24.6%
HV 60d17.0%14.9%18.6%15.5%18.6%
IV Rank66.1%22.9%100.0%63.8%22.9%
IV Percentile77.4%15.1%100.0%76.6%15.1%
Term Structure-0.5%-2.8%1.0%-1.4%0.8%
VWIV21.4%19.2%23.4%21.3%20.0%
Skew 25d4.1%2.7%8.8%2.7%3.2%
Skew 10d8.7%4.8%16.9%5.7%8.2%
Call IV 25d21.7%16.2%26.5%21.2%16.2%
Put IV 25d25.8%19.5%32.7%23.8%19.5%
Bid-Ask Spread %60.0651.8871.8561.8968.36
Gamma HHI0.100.080.120.090.12
Net GEX6.3M1.9M10.5M3.9M10.5M
Net DEX-115.9M-183.5M-59.1M-88.7M-183.5M
Net VEX-746.7K-826.9K-638.8K-817.6K-638.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.271.410.450.27
Total Volume5,984.43595215,5842,04611,650
Total OI79,721.91372,48485,49883,50975,091

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$79.40$72.5022.3%5.9%20.2%63.8%21.3%2.7%-1.4%3.9M-88.7M-817.6K0.4561.89N/AN/A1,41563148,53834,971
2014-10-02$80.42$72.5022.7%5.9%20.6%66.8%20.3%4.8%-1.2%5.1M-116.5M-826.9K0.7952.61N/AN/A1,23097649,37235,074
2014-10-03$80.95$72.5021.5%6.0%20.5%57.4%20.2%3.9%-0.6%5.3M-131.6M-818.8K0.4255.31N/AN/A1,45060849,78735,401
2014-10-06$81.35$72.5021.7%5.8%20.2%59.2%20.0%3.2%-0.2%6.5M-140.2M-799.0K0.2854.22N/AN/A79222549,15334,479
2014-10-07$79.75$72.5022.8%6.1%21.8%67.4%20.8%3.1%-0.6%4.8M-104.1M-790.4K0.3457.43N/AN/A71323949,65234,554
2014-10-08$81.14$72.5022.3%6.0%22.4%63.7%21.7%3.8%-0.5%5.9M-129.8M-794.7K0.6658.59N/AN/A4,7773,16750,05734,683
2014-10-09$81.15$72.5023.8%6.2%21.5%75.3%23.4%5.1%-1.2%5.8M-134.4M-799.2K0.7056.82N/AN/A4,5373,17550,03534,927
2014-10-10$82.15$72.5024.5%6.2%20.5%81.0%22.8%5.5%-1.3%7.1M-156.5M-772.4K0.3856.56N/AN/A5,7582,20650,30035,198
2014-10-13$79.00$72.5026.5%6.6%25.0%96.3%22.1%3.5%-1.7%3.4M-85.2M-773.1K0.5362.96N/AN/A4,3972,31748,83534,149
2014-10-14$80.01$72.5026.1%6.3%25.4%92.7%22.7%3.7%-1.2%5.1M-105.3M-779.0K0.4463.61N/AN/A4,9882,18549,04634,365
2014-10-15$79.31$72.5028.1%6.9%25.3%100.0%22.5%8.8%-0.8%2.8M-75.5M-772.4K1.0863.34N/AN/A7,4798,10548,26134,373
2014-10-16$79.13$72.5028.7%6.7%22.9%100.0%23.2%5.9%-2.8%3.7M-80.7M-772.4K1.4160.93N/AN/A1,0971,54549,07634,335
2014-10-17$78.26$72.5026.3%6.7%23.1%83.3%23.3%2.8%-0.4%1.9M-59.1M-725.5K1.0457.04N/AN/A1,2121,26349,19035,444
2014-10-20$79.44$72.5025.7%6.4%24.0%79.5%20.6%5.1%-0.0%6.0M-84.8M-739.2K0.5354.92N/AN/A4,5632,42245,48227,655
2014-10-21$79.95$72.5023.5%6.4%23.4%64.5%20.6%3.5%-0.4%7.1M-99.6M-711.3K0.6461.65N/AN/A4,5652,93145,77527,762
2014-10-22$79.50$72.5023.5%6.1%23.5%64.6%22.5%3.9%-1.1%7.0M-94.3M-702.5K0.5257.97N/AN/A4,4772,31546,70628,235
2014-10-23$81.08$72.5022.8%6.1%22.6%59.6%20.7%3.5%-0.5%9.3M-126.4M-716.7K0.5563.89N/AN/A4,0782,23147,04028,057
2014-10-24$82.29$72.5021.1%5.9%22.9%48.2%21.8%3.6%0.8%8.6M-152.4M-727.8K0.5451.88N/AN/A4,2682,30947,23028,102
2014-10-27$82.05$72.5021.8%5.9%22.8%53.1%21.3%3.7%1.0%8.8M-138.5M-665.2K0.5559.01N/AN/A3,6542,01045,59326,891
2014-10-28$81.36$72.5021.6%5.3%23.0%51.5%20.5%3.6%-0.2%8.3M-125.3M-689.3K0.5461.48N/AN/A4,0062,16845,79727,047
2014-10-29$81.88$75.0020.0%5.5%22.9%40.6%19.2%4.3%0.4%8.5M-130.4M-678.0K0.4871.85N/AN/A4,6012,22345,97127,367
2014-10-30$81.50$75.0018.3%5.6%22.6%29.1%20.7%3.8%1.0%9.3M-122.6M-663.0K0.4869.02N/AN/A4,5272,15746,81327,735
2014-10-31$83.84$75.0017.3%5.4%24.6%22.9%20.0%3.2%0.8%10.5M-183.5M-638.8K0.2768.36N/AN/A9,1872,46347,09627,995