CME Options History — May 2019

In May 2019, CME traded between $172.81 and $192.17. ATM implied volatility averaged 17.4%, placing in the 18.6% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 1.3% (HV 20d: 16.1%). Max pain ranged from $170.00 to $180.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2019-05-07: Highest Volume — 9,359 contracts
  • 2019-05-07: Largest IV spike — 19.1% change
  • 2019-05-07: Highest IV Rank — 33.6%
  • 2019-05-13: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$183.10$172.81$192.17$175.38$192.01
Max Pain$174.89$170.00$180.00$170.00$180.00
ATM IV17.4%16.0%19.9%16.2%19.0%
Expected Move5.0%4.6%5.6%4.8%5.5%
HV 20d16.1%12.4%17.9%14.1%12.4%
HV 60d15.7%14.5%16.4%15.3%14.5%
IV Rank18.6%10.3%33.6%11.8%28.0%
IV Percentile25.1%10.3%60.3%12.7%44.0%
Term Structure0.0%-1.0%1.1%0.2%-0.4%
VWIV18.4%16.5%21.8%17.4%21.0%
Skew 25d3.3%2.6%4.5%3.1%3.1%
Skew 10d6.6%5.0%9.1%5.8%6.7%
Call IV 25d16.2%14.7%19.1%15.0%18.2%
Put IV 25d19.5%17.5%23.6%18.1%21.4%
Bid-Ask Spread %18.5311.9826.1818.0616.57
Gamma HHI0.130.100.190.100.15
Net GEX13.6M-1.7M25.4M842.8K23.4M
Net DEX-135.7M-256.1M12.4M-20.8M-244.3M
Net VEX-883.6K-953.7K-763.1K-763.1K-953.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.182.391.540.52
Total Volume4,269.4092,2619,3595,4845,286
Total OI51,273.27342,13355,80842,13355,016

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$175.38$170.0016.2%4.8%14.1%11.8%17.4%3.1%0.2%842.8K-20.8M-763.1K1.5418.06N/AN/A2,1563,32819,58922,544
2019-05-02$172.81$170.0016.6%4.8%15.3%14.3%17.6%3.1%0.8%-1.7M12.4M-765.5K1.0717.80N/AN/A1,8121,93420,45223,740
2019-05-03$173.46$170.0016.3%4.6%15.2%12.1%16.5%2.8%0.5%297.4K-295.4K-763.9K1.0123.82N/AN/A2,2822,30721,13123,523
2019-05-06$178.35$175.0016.7%4.6%17.9%14.8%17.3%3.4%-0.4%5.7M-67.3M-788.9K0.7515.57N/AN/A2,7342,03720,83423,069
2019-05-07$178.22$175.0019.9%5.4%17.4%33.6%19.5%4.5%-0.9%6.4M-74.3M-878.0K0.2521.67N/AN/A7,4761,88322,63224,286
2019-05-08$178.74$175.0019.5%5.4%16.6%31.1%21.8%3.9%-1.0%9.2M-88.9M-915.7K1.0425.22N/AN/A1,4781,53627,33224,585
2019-05-09$180.39$175.0018.6%5.3%16.7%25.6%20.3%3.5%-0.3%10.9M-111.4M-928.9K0.8921.06N/AN/A2,0551,83127,80624,324
2019-05-10$182.58$175.0017.5%4.9%17.0%19.1%18.0%3.2%0.2%18.2M-151.0M-920.0K0.2622.05N/AN/A2,24057628,53824,666
2019-05-13$182.22$175.0018.7%5.6%16.7%26.1%19.4%3.6%0.8%12.5M-121.9M-940.3K0.5026.18N/AN/A1,50375827,81724,279
2019-05-14$183.67$175.0017.7%4.9%16.8%20.7%17.3%3.0%-0.6%15.5M-152.4M-932.5K0.3923.91N/AN/A4,9101,91729,40524,754
2019-05-15$182.09$175.0016.7%5.1%17.3%14.6%18.1%3.3%1.1%13.0M-123.2M-939.1K0.1815.00N/AN/A3,64967029,43624,994
2019-05-16$182.36$175.0016.6%5.0%16.5%14.1%16.6%3.2%1.0%14.1M-135.0M-885.9K0.2512.72N/AN/A2,09952430,18025,292
2019-05-17$183.95$175.0016.0%4.7%16.6%10.7%17.4%3.4%0.3%13.5M-150.1M-909.3K0.6911.98N/AN/A1,8711,29130,55125,257
2019-05-20$185.33$175.0017.0%4.9%16.2%16.4%17.4%3.0%-0.2%15.9M-157.6M-894.4K0.2817.55N/AN/A2,35465328,81222,888
2019-05-21$186.51$175.0016.0%4.6%16.2%10.3%18.6%3.1%0.3%19.0M-185.7M-901.7K1.8118.53N/AN/A1,5252,76129,62223,326
2019-05-22$185.55$175.0016.5%4.7%16.3%13.7%18.9%3.3%-0.0%17.2M-168.3M-879.0K2.3912.86N/AN/A1,3083,12729,76123,032
2019-05-23$186.74$175.0016.8%4.8%16.1%15.2%16.6%3.3%0.1%18.6M-185.8M-894.9K0.8918.97N/AN/A2,3982,13229,90623,399
2019-05-24$187.80$175.0016.3%4.6%16.1%12.3%17.6%3.2%0.3%25.4M-207.3M-881.9K1.1818.63N/AN/A1,6211,90629,95723,559
2019-05-28$187.73$175.0017.6%5.1%15.7%19.9%18.3%3.5%-0.3%17.0M-178.7M-865.2K0.2017.02N/AN/A2,75753928,50822,875
2019-05-29$190.16$177.5017.9%5.2%16.1%21.4%19.3%3.3%-0.5%20.0M-216.5M-904.6K0.3515.67N/AN/A2,58989729,13923,076
2019-05-30$192.17$180.0018.2%5.2%14.2%23.5%18.9%2.6%-0.4%24.2M-256.1M-932.4K0.3116.72N/AN/A3,9841,23330,68323,437
2019-05-31$192.01$180.0019.0%5.5%12.4%28.0%21.0%3.1%-0.4%23.4M-244.3M-953.7K0.5216.57N/AN/A3,4711,81531,13423,882