CME Options History — April 2019

In April 2019, CME traded between $166.42 and $178.80. ATM implied volatility averaged 19.8%, placing in the 32.7% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 6.3% (HV 20d: 13.5%). Max pain ranged from $165.00 to $170.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.83.

Notable Days

  • 2019-04-17: Highest Volume — 5,874 contracts
  • 2019-04-29: Largest IV spike — 9.0% change
  • 2019-04-29: Highest IV Rank — 38.8%
  • 2019-04-29: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$173.24$166.42$178.80$166.42$178.56
Max Pain$168.33$165.00$170.00$165.00$170.00
ATM IV19.8%19.1%20.8%19.3%19.3%
Expected Move5.7%5.4%6.5%5.8%6.1%
HV 20d13.5%12.0%15.7%15.7%12.3%
HV 60d15.6%14.9%16.5%16.5%15.0%
IV Rank32.7%28.7%38.8%29.6%30.1%
IV Percentile51.1%39.3%73.4%41.3%44.4%
Term Structure-0.4%-1.1%0.4%-0.2%-0.2%
VWIV20.5%18.7%22.9%19.9%22.0%
Skew 25d3.7%3.3%4.2%3.6%3.3%
Skew 10d7.8%6.4%10.9%7.9%6.4%
Call IV 25d18.3%17.5%19.1%18.9%17.5%
Put IV 25d22.0%20.8%22.8%22.5%20.8%
Bid-Ask Spread %53.7046.7464.0149.7860.60
Gamma HHI0.130.090.300.110.11
Net GEX6.1M837.9K14.5M3.8M4.3M
Net DEX-59.7M-141.7M14.0M14.0M-67.5M
Net VEX-836.5K-872.4K-792.0K-852.4K-792.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.312.230.311.28
Total Volume2,540.2381,0775,8741,6901,879
Total OI45,127.95239,71650,91343,75340,508

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$166.42$165.0019.3%5.8%15.7%29.6%19.9%3.6%-0.2%3.8M14.0M-852.4K0.3149.78N/AN/A1,28840223,04420,709
2019-04-02$168.31$165.0019.6%5.4%14.1%31.5%19.6%3.9%-0.4%5.6M-11.8M-847.3K0.7349.81N/AN/A1,4841,09023,41620,871
2019-04-03$168.23$165.0020.2%5.5%13.9%35.4%20.3%3.5%-0.3%5.5M-11.7M-851.8K0.4253.46N/AN/A1,63067723,59221,436
2019-04-04$169.31$165.0019.6%5.5%13.4%31.8%20.5%3.7%-0.5%6.0M-23.1M-844.4K0.9054.00N/AN/A1,1971,08023,45321,552
2019-04-05$169.92$165.0019.5%5.5%13.5%31.0%20.8%3.6%-0.4%13.0M-34.3M-845.2K0.7751.47N/AN/A1,5631,19923,71022,079
2019-04-08$172.39$165.0019.4%5.6%14.4%30.5%18.7%3.7%0.4%4.5M-58.5M-832.0K0.6046.74N/AN/A1,55993122,85621,704
2019-04-09$170.31$165.0020.7%5.9%15.1%38.0%20.3%3.9%-0.2%4.8M-25.3M-839.1K1.5154.56N/AN/A1,5292,30423,97022,139
2019-04-10$170.12$170.0020.2%5.8%15.0%35.4%19.7%3.7%-0.1%5.1M-15.6M-868.3K0.7347.60N/AN/A2,1411,56124,64123,392
2019-04-11$170.53$170.0020.4%5.8%14.2%36.6%20.5%3.8%-0.3%5.8M-22.0M-854.7K0.6652.03N/AN/A1,9941,32424,55523,912
2019-04-12$172.79$170.0019.3%5.4%14.3%29.8%19.5%3.3%-0.8%14.5M-76.2M-872.4K0.6355.62N/AN/A2,2601,43225,53324,153
2019-04-15$173.32$170.0019.8%5.6%14.3%32.5%20.3%3.8%-0.1%11.2M-75.4M-835.9K0.6752.38N/AN/A1,06471725,33823,301
2019-04-16$174.13$170.0019.2%5.5%13.8%29.2%19.6%3.9%-0.3%11.6M-86.4M-845.6K0.7164.01N/AN/A1,40099525,49923,725
2019-04-17$176.99$170.0019.8%5.7%12.2%32.5%20.1%3.8%-0.8%8.1M-141.7M-856.3K2.2356.34N/AN/A1,8184,05625,09724,257
2019-04-18$176.46$170.0019.7%5.7%12.3%32.3%20.2%3.3%-1.1%837.9K-138.6M-836.5K1.1961.03N/AN/A1,4831,76824,83726,076
2019-04-22$175.04$170.0020.4%5.9%12.4%36.1%20.9%4.2%-0.5%4.8M-69.6M-823.6K0.3150.34N/AN/A82225520,38320,888
2019-04-23$174.78$170.0019.5%5.9%12.5%31.0%20.9%3.4%0.2%4.2M-66.7M-814.3K0.6653.45N/AN/A84356020,36221,026
2019-04-24$176.17$170.0020.2%6.0%12.5%35.1%21.1%3.8%-0.8%4.0M-81.5M-807.3K0.7751.95N/AN/A72355920,45121,257
2019-04-25$178.07$170.0019.3%5.8%12.2%29.8%20.8%3.7%-0.3%4.3M-100.8M-808.1K1.0048.79N/AN/A89288920,53921,414
2019-04-26$178.80$170.0019.1%5.9%12.0%28.7%21.4%3.5%-0.5%3.8M-108.7M-814.3K0.6755.00N/AN/A1,36591620,65121,645
2019-04-29$177.40$170.0020.8%6.5%12.5%38.8%22.9%3.5%-0.7%3.0M-53.2M-824.5K0.7558.64N/AN/A96772918,74020,976
2019-04-30$178.56$170.0019.3%6.1%12.3%30.1%22.0%3.3%-0.2%4.3M-67.5M-792.0K1.2860.60N/AN/A8231,05619,22221,286