CME Options History — July 2015

In July 2015, CME traded between $93.64 and $99.86. ATM implied volatility averaged 20.1%, placing in the 41.7% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 4.0% (HV 20d: 16.1%). Max pain ranged from $94.00 to $97.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.79.

Notable Days

  • 2015-07-10: Highest Volume — 8,707 contracts
  • 2015-07-30: Largest IV drop — 7.4% change
  • 2015-07-27: Highest IV Rank — 52.0%
  • 2015-07-27: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$96.97$93.64$99.86$93.64$96.10
Max Pain$95.82$94.00$97.50$94.00$97.50
ATM IV20.1%17.7%21.7%20.8%17.7%
Expected Move5.6%5.0%6.5%5.2%5.0%
HV 20d16.1%13.9%18.0%17.9%17.0%
HV 60d15.9%15.3%16.4%15.6%16.4%
IV Rank41.7%25.4%52.0%46.0%25.4%
IV Percentile65.6%33.3%81.3%71.4%33.3%
Term Structure-0.3%-0.9%0.4%-0.7%0.4%
VWIV20.5%17.5%22.7%18.6%17.5%
Skew 25d2.2%1.4%3.2%1.9%2.4%
Skew 10d3.9%1.2%5.6%3.0%3.5%
Call IV 25d19.8%17.5%21.4%20.4%17.5%
Put IV 25d21.9%19.8%23.4%22.3%19.8%
Bid-Ask Spread %34.1921.6064.6828.6037.35
Gamma HHI0.160.090.730.090.13
Net GEX9.0M3.0M45.0M3.0M4.6M
Net DEX-93.2M-157.9M-39.5M-39.5M-68.7M
Net VEX-633.5K-675.8K-573.5K-644.1K-573.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.520.980.800.62
Total Volume6,310.6364,3828,7075,8836,170
Total OI56,831.36453,40062,20157,36355,089

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-07-01$93.64$94.0020.8%5.2%17.9%46.0%18.6%1.9%-0.7%3.0M-39.5M-644.1K0.8028.60N/AN/A3,2742,60935,28622,077
2015-07-02$94.34$94.0019.9%5.1%18.0%40.1%18.0%1.9%-0.5%4.0M-49.0M-656.1K0.7927.47N/AN/A3,2362,56935,78422,228
2015-07-06$94.56$95.0020.7%5.6%16.4%45.5%22.7%3.2%-0.3%4.6M-52.6M-634.7K0.8421.60N/AN/A2,8922,41533,71121,396
2015-07-07$95.22$95.0020.5%5.6%16.4%44.1%21.2%3.0%-0.1%5.8M-63.4M-623.5K0.7925.54N/AN/A3,2782,58434,17721,690
2015-07-08$95.02$95.0021.3%5.9%15.9%49.5%21.5%2.0%-0.1%6.4M-66.7M-651.3K0.5227.23N/AN/A4,9162,56434,87321,948
2015-07-09$97.03$95.0020.6%5.8%15.3%45.2%21.2%1.6%-0.4%11.4M-109.4M-642.9K0.6225.98N/AN/A5,0393,10436,68022,126
2015-07-10$98.57$95.0020.4%5.7%16.4%43.9%20.6%1.6%-0.6%13.0M-149.2M-675.8K0.6626.63N/AN/A5,2533,45438,08022,563
2015-07-13$98.07$95.0020.2%5.7%15.0%42.2%20.4%1.4%-0.1%12.3M-127.1M-638.3K0.9426.25N/AN/A3,5263,32136,27722,100
2015-07-14$97.16$95.0020.2%5.7%15.2%42.3%20.6%1.9%0.1%9.7M-105.2M-648.6K0.9129.85N/AN/A4,0203,65836,73923,079
2015-07-15$97.81$95.0019.7%5.6%15.3%38.5%20.7%2.4%-0.1%11.0M-110.8M-650.5K0.8531.06N/AN/A3,2682,78537,47423,387
2015-07-16$99.21$95.0019.2%5.4%16.0%35.5%19.9%2.3%-0.6%17.1M-139.2M-635.3K0.8528.18N/AN/A4,0293,43237,44623,427
2015-07-17$99.86$95.0019.3%5.4%15.9%36.1%20.6%2.3%-0.9%45.0M-157.9M-652.0K0.6364.68N/AN/A4,9063,11138,22323,978
2015-07-20$99.84$95.0019.5%5.5%13.9%37.2%19.4%2.0%0.4%8.5M-132.5M-643.9K0.6556.23N/AN/A3,7432,44132,18721,567
2015-07-21$98.87$95.0020.1%5.8%14.6%41.8%20.5%1.8%-0.3%7.3M-115.5M-626.1K0.6452.72N/AN/A3,9422,51932,65421,955
2015-07-22$98.91$97.5019.7%5.7%14.6%38.9%20.2%2.2%-0.3%7.2M-113.5M-633.8K0.8833.85N/AN/A2,7822,45132,65622,317
2015-07-23$96.62$97.5021.0%6.1%16.7%47.5%21.1%2.2%-0.9%4.9M-77.0M-631.4K0.7334.28N/AN/A3,5142,55632,99622,460
2015-07-24$96.74$97.5020.7%6.0%16.7%45.8%21.1%2.1%-0.2%4.4M-73.2M-630.6K0.8131.33N/AN/A3,3142,69933,25622,908
2015-07-27$95.47$97.5021.7%6.5%17.4%52.0%21.7%1.9%-0.6%3.7M-58.5M-620.1K0.8935.74N/AN/A2,4842,22031,26322,137
2015-07-28$96.16$97.5021.0%6.1%16.6%47.6%22.3%2.8%-0.3%4.2M-70.5M-615.8K0.9631.97N/AN/A2,2322,15031,48722,230
2015-07-29$97.02$97.5020.1%5.9%16.7%41.2%21.7%2.3%0.1%4.8M-83.7M-619.9K0.9838.16N/AN/A2,6392,58431,57922,241
2015-07-30$97.06$97.5018.6%5.0%16.6%31.1%18.5%2.3%-0.0%5.4M-86.7M-589.6K0.9137.38N/AN/A2,6982,45332,06822,491
2015-07-31$96.10$97.5017.7%5.0%17.0%25.4%17.5%2.4%0.4%4.6M-68.7M-573.5K0.6237.35N/AN/A3,8032,36732,44422,645