CME Options History — May 2017

In May 2017, CME traded between $115.14 and $118.53. ATM implied volatility averaged 15.9%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 1.7% (HV 20d: 17.6%). Max pain ranged from $115.00 to $117.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.60.

Notable Days

  • 2017-05-30: Highest Volume — 9,622 contracts
  • 2017-05-08: Largest IV spike — 7.1% change
  • 2017-05-17: Highest IV Rank — 34.7%
  • 2017-05-17: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.24$115.14$118.53$116.94$117.31
Max Pain$115.27$115.00$117.00$117.00$115.00
ATM IV15.9%14.9%17.6%15.8%15.6%
Expected Move4.6%4.2%5.0%4.4%4.5%
HV 20d17.6%11.4%19.7%18.7%11.4%
HV 60d18.0%14.9%19.5%19.5%14.9%
IV Rank21.7%14.3%34.7%21.3%19.7%
IV Percentile20.1%9.1%45.2%16.7%19.4%
Term Structure0.1%-1.1%1.1%-0.6%0.1%
VWIV16.6%14.9%20.4%15.1%16.9%
Skew 25d2.3%1.5%3.1%2.1%2.7%
Skew 10d4.6%1.5%6.6%4.2%5.7%
Call IV 25d15.0%14.4%16.6%15.3%14.9%
Put IV 25d17.4%16.6%19.2%17.3%17.6%
Bid-Ask Spread %19.4911.0027.4926.5524.99
Gamma HHI0.140.090.200.150.15
Net GEX5.5M-96.5K10.2M6.2M5.1M
Net DEX-52.8M-87.7M-20.1M-57.8M-52.8M
Net VEX-803.1K-902.8K-701.1K-874.3K-769.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.260.990.520.45
Total Volume6,786.0914,8859,6225,9616,693
Total OI54,439.31849,65757,16255,20955,559

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-05-01$116.94$117.0015.8%4.4%18.7%21.3%15.1%2.1%-0.6%6.2M-57.8M-874.3K0.5226.55N/AN/A3,9182,04333,54021,669
2017-05-02$117.03$117.0015.3%4.2%18.1%16.7%14.9%1.6%0.6%7.0M-61.6M-882.6K0.6119.01N/AN/A3,7082,25334,12821,947
2017-05-03$117.96$117.0015.4%4.5%18.3%18.2%16.0%1.7%0.5%8.4M-78.3M-895.1K0.7327.49N/AN/A3,5072,55234,06922,136
2017-05-04$118.53$115.0015.4%4.7%18.4%17.9%17.0%1.8%0.5%9.4M-87.7M-902.8K0.4921.97N/AN/A5,2022,56534,30422,638
2017-05-05$118.44$115.0015.4%4.4%18.4%17.9%16.3%2.0%0.7%9.4M-86.1M-882.2K0.4721.10N/AN/A4,6222,19434,46522,697
2017-05-08$116.80$115.0016.5%4.8%19.1%26.4%16.1%2.5%0.5%5.6M-49.8M-824.4K0.5722.49N/AN/A3,6072,05731,89122,125
2017-05-09$117.53$115.0015.9%4.4%19.1%21.6%16.8%2.0%-1.1%7.2M-59.3M-823.2K0.8526.61N/AN/A2,9302,47732,08422,384
2017-05-10$116.79$115.0015.9%4.8%19.2%22.0%17.8%2.1%1.1%5.5M-42.6M-829.3K0.7514.48N/AN/A2,7952,09032,22222,755
2017-05-11$116.85$115.0016.3%4.9%19.1%24.7%17.1%1.5%0.9%5.4M-41.6M-815.9K0.7416.88N/AN/A3,2202,36732,16522,984
2017-05-12$116.19$115.0016.1%4.7%19.2%22.9%17.6%2.5%0.8%820.0K-30.3M-817.9K0.7112.10N/AN/A3,2542,30132,16023,249
2017-05-15$117.46$115.0016.6%4.8%19.6%26.9%16.1%2.4%-0.9%2.7M-50.6M-807.1K0.8112.82N/AN/A3,8653,13330,86023,032
2017-05-16$116.76$115.0016.4%4.7%19.1%25.7%16.7%2.9%-1.1%2.3M-40.6M-815.8K0.9911.00N/AN/A3,8733,82531,57924,443
2017-05-17$115.14$115.0017.6%5.0%19.7%34.7%17.2%2.6%-0.1%-96.5K-20.1M-782.3K0.4720.74N/AN/A5,8912,75032,01123,652
2017-05-18$116.09$115.0017.1%4.9%18.7%30.7%20.4%3.1%-0.4%1.3M-24.1M-866.6K0.6315.11N/AN/A4,3772,75533,02023,551
2017-05-19$116.73$115.0016.6%4.8%18.9%27.0%17.8%3.1%-1.0%5.1M-48.4M-781.9K0.3418.59N/AN/A5,6921,94333,46223,618
2017-05-22$117.16$115.0015.7%4.4%18.9%20.0%16.1%2.9%0.1%4.4M-49.4M-744.3K0.5418.37N/AN/A5,0602,73627,79121,866
2017-05-23$118.14$115.0015.2%4.3%19.2%16.1%15.6%2.3%0.0%6.8M-60.2M-720.6K0.7019.96N/AN/A3,8032,66827,43822,769
2017-05-24$117.72$115.0015.1%4.3%19.2%15.3%16.0%2.6%0.8%6.5M-53.3M-710.9K0.8122.65N/AN/A3,5982,93227,79522,852
2017-05-25$118.18$115.0015.2%4.3%11.7%16.3%15.7%2.2%0.2%7.4M-59.4M-709.7K0.4018.79N/AN/A5,1822,05527,95423,199
2017-05-26$118.10$115.0014.9%4.2%11.5%14.3%15.2%2.1%-0.1%10.2M-59.3M-710.6K0.4215.97N/AN/A5,0632,11629,73323,359
2017-05-30$117.50$115.0015.8%4.5%11.4%21.2%16.3%2.6%-0.6%4.6M-47.3M-701.1K0.2621.10N/AN/A7,6601,96229,46423,046
2017-05-31$117.31$115.0015.6%4.5%11.4%19.7%16.9%2.7%0.1%5.1M-52.8M-769.1K0.4524.99N/AN/A4,6302,06332,26223,297