CME Options History — March 2019

In March 2019, CME traded between $162.87 and $183.24. ATM implied volatility averaged 17.9%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 1.6% (HV 20d: 16.3%). Max pain ranged from $165.00 to $180.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.72.

Notable Days

  • 2019-03-21: Highest Volume — 5,810 contracts
  • 2019-03-15: Largest IV drop — 10.3% change
  • 2019-03-22: Highest IV Rank — 30.5%
  • 2019-03-22: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$169.46$162.87$183.24$183.24$164.61
Max Pain$172.63$165.00$180.00$177.50$165.00
ATM IV17.9%15.7%19.4%16.1%18.3%
Expected Move5.6%4.4%6.0%4.4%5.9%
HV 20d16.3%14.3%17.4%14.3%14.8%
HV 60d18.3%16.5%19.3%18.3%16.5%
IV Rank21.9%8.6%30.5%11.0%23.9%
IV Percentile25.3%7.5%41.7%10.7%26.6%
Term Structure0.9%-0.7%3.2%0.6%2.9%
VWIV20.1%16.6%23.1%16.6%22.0%
Skew 25d3.2%2.7%3.8%3.0%2.9%
Skew 10d7.2%5.7%13.7%5.7%6.4%
Call IV 25d16.6%14.6%18.1%14.9%16.5%
Put IV 25d19.9%17.3%21.8%17.9%19.5%
Bid-Ask Spread %28.769.6057.1010.3948.27
Gamma HHI0.200.080.860.120.12
Net GEX-10.4M-96.2M3.7M3.7M2.2M
Net DEX65.8M-94.3M131.6M-94.3M40.7M
Net VEX-840.1K-950.1K-760.6K-924.4K-836.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.271.550.820.69
Total Volume3,611.1431,6915,8102,8302,917
Total OI47,694.14337,51656,04952,90644,957

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$183.24$177.5016.1%4.4%14.3%11.0%16.6%3.0%0.6%3.7M-94.3M-924.4K0.8210.39N/AN/A1,5581,27226,56226,344
2019-03-04$181.07$177.5017.1%4.9%14.8%16.9%17.6%3.1%0.1%15.7K-50.5M-912.4K0.8419.12N/AN/A2,1431,80926,27225,379
2019-03-05$176.24$177.5018.1%5.3%17.3%22.9%18.6%3.3%0.3%-7.8M42.2M-939.8K0.6918.65N/AN/A2,9552,03726,96826,516
2019-03-06$174.79$177.5018.2%5.2%16.7%23.3%18.9%3.3%-0.2%-10.5M71.6M-950.1K0.4713.05N/AN/A2,2271,05727,53327,658
2019-03-07$172.33$177.5019.1%5.5%17.4%28.4%19.1%3.4%0.2%-12.3M99.2M-941.6K0.6616.33N/AN/A2,0331,33628,23627,813
2019-03-08$171.50$175.0019.4%5.5%17.3%30.2%20.3%3.5%0.7%-9.3M103.4M-928.1K1.4557.10N/AN/A1,9712,86228,62927,415
2019-03-11$171.00$180.0018.3%6.0%17.2%24.2%20.0%3.3%-0.1%-10.8M92.5M-865.7K0.479.60N/AN/A1,26159127,77525,377
2019-03-12$170.83$180.0017.3%5.7%17.2%17.8%18.2%2.8%-0.0%-13.8M94.2M-858.9K0.3011.06N/AN/A1,97659428,44825,849
2019-03-13$170.17$180.0017.1%5.6%16.8%16.7%18.5%3.1%-0.3%-16.7M105.0M-821.5K0.5416.13N/AN/A1,9841,06528,14125,689
2019-03-14$167.92$175.0017.5%5.6%16.7%19.1%19.9%3.3%-0.7%-14.1M131.6M-797.5K0.5311.22N/AN/A2,7331,45428,80525,074
2019-03-15$169.93$175.0015.7%5.3%17.1%8.6%18.2%2.7%-0.1%-96.2M91.5M-800.2K0.5216.99N/AN/A3,2931,70829,30625,320
2019-03-18$169.83$0.0016.3%5.5%15.9%12.3%19.5%2.8%1.7%-2.7M42.6M-791.2K0.7022.27N/AN/A99469718,54718,969
2019-03-19$168.23$170.0017.3%5.5%16.1%18.5%19.9%3.3%1.5%-3.5M55.7M-794.0K1.5224.62N/AN/A1,0181,55118,94519,282
2019-03-20$164.94$170.0018.8%5.9%17.2%27.0%23.1%3.0%1.3%-5.2M84.7M-802.3K0.5427.93N/AN/A3,0441,63119,34219,949
2019-03-21$164.52$170.0018.4%5.9%16.9%24.5%21.2%3.5%-0.2%-5.2M80.2M-760.6K1.5545.46N/AN/A2,2803,53020,43119,975
2019-03-22$163.35$165.0019.4%6.0%16.2%30.5%22.8%3.8%-0.5%-3.6M89.1M-787.6K0.7045.97N/AN/A2,6651,87420,84320,547
2019-03-25$164.30$165.0018.5%5.9%16.5%25.3%21.2%3.6%2.8%-3.0M71.3M-769.0K1.0947.18N/AN/A1,0231,11719,41820,002
2019-03-26$164.03$165.0018.5%5.9%16.4%25.0%20.5%3.4%2.8%-3.5M75.0M-776.0K0.4149.69N/AN/A1,79973919,92320,754
2019-03-27$163.04$165.0018.8%5.9%15.5%27.1%23.1%3.4%2.7%-3.9M84.0M-783.2K0.3445.31N/AN/A3,4551,16120,38420,888
2019-03-28$162.87$165.0018.9%5.8%14.3%27.5%22.4%3.2%3.2%-2.9M70.9M-800.9K0.2747.63N/AN/A3,48593522,56920,743
2019-03-29$164.61$165.0018.3%5.9%14.8%23.9%22.0%2.9%2.9%2.2M40.7M-836.6K0.6948.27N/AN/A1,7311,18624,12520,832