CME Options History — July 2019

In July 2019, CME traded between $195.25 and $206.62. ATM implied volatility averaged 19.0%, placing in the 28.1% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 1.3% (HV 20d: 17.7%). Max pain ranged from $195.00 to $200.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 1.12.

Notable Days

  • 2019-07-30: Highest Volume — 6,192 contracts
  • 2019-07-31: Largest IV drop — 15.0% change
  • 2019-07-30: Highest IV Rank — 39.5%
  • 2019-07-30: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$202.38$195.25$206.62$196.40$195.25
Max Pain$199.32$195.00$200.00$195.00$200.00
ATM IV19.0%17.4%20.9%17.4%17.8%
Expected Move5.4%4.1%6.5%4.2%5.0%
HV 20d17.7%13.9%21.3%20.9%13.9%
HV 60d16.5%15.8%17.0%16.6%15.8%
IV Rank28.1%18.9%39.5%18.9%21.1%
IV Percentile49.0%26.2%80.6%26.2%31.0%
Term Structure-0.3%-1.4%0.6%-0.2%-0.5%
VWIV19.3%15.1%24.8%15.2%18.6%
Skew 25d2.5%1.6%3.3%2.6%2.5%
Skew 10d5.3%3.7%7.1%5.7%5.3%
Call IV 25d18.2%16.8%19.8%17.5%16.8%
Put IV 25d20.7%19.3%23.1%20.2%19.3%
Bid-Ask Spread %18.768.0142.5011.4219.50
Gamma HHI0.140.100.200.150.13
Net GEX10.7M-5.8M28.3M7.1M-5.8M
Net DEX-171.8M-263.4M-32.4M-116.2M-32.4M
Net VEX-1.0M-1.1M-914.2K-914.2K-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.293.070.871.30
Total Volume3,331.0451,2106,1921,6235,696
Total OI50,399.45545,03155,06747,74251,231

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$196.40$195.0017.4%4.2%20.9%18.9%15.2%2.6%-0.2%7.1M-116.2M-914.2K0.8711.42N/AN/A87075330,23117,511
2019-07-02$199.52$195.0017.7%4.1%21.3%20.4%15.1%2.7%-0.1%11.9M-157.7M-943.2K0.5525.81N/AN/A2,0311,11530,70317,602
2019-07-03$201.24$195.0018.9%4.3%19.6%27.5%15.1%2.1%0.1%15.5M-188.5M-976.5K0.2928.06N/AN/A2,24966232,20118,080
2019-07-05$203.03$200.0019.1%5.4%19.6%28.7%19.8%1.6%-0.3%18.5M-222.5M-952.7K0.9633.71N/AN/A2,6372,51933,46718,243
2019-07-08$202.19$200.0018.6%5.4%19.6%25.9%19.5%2.1%0.1%15.7M-190.7M-1.0M0.6713.84N/AN/A1,30687031,00919,120
2019-07-09$201.98$200.0018.5%5.4%19.5%25.2%19.4%2.4%0.4%14.1M-181.7M-1.0M0.658.01N/AN/A1,5701,02031,47519,723
2019-07-10$202.90$200.0018.7%5.3%17.9%26.1%18.1%1.6%-0.2%16.4M-195.5M-1.0M0.919.34N/AN/A2,0351,85931,75420,416
2019-07-11$206.03$200.0018.3%5.0%18.6%24.3%18.1%2.0%-1.1%28.3M-255.3M-1.1M0.2915.94N/AN/A3,7231,09432,77320,780
2019-07-12$206.62$200.0018.7%5.2%17.7%26.6%19.4%1.9%-1.1%22.7M-263.4M-1.1M0.3641.39N/AN/A3,6951,31434,04021,027
2019-07-15$206.06$200.0018.7%5.3%17.8%26.5%19.0%2.5%0.4%17.8M-233.8M-1.1M0.7322.50N/AN/A1,21888730,62020,916
2019-07-16$203.60$200.0020.2%5.8%17.6%35.0%20.1%2.5%-0.8%12.6M-194.0M-1.1M0.9318.79N/AN/A1,1301,05431,29321,503
2019-07-17$204.40$200.0020.1%5.7%17.5%34.3%20.1%2.7%-1.4%12.6M-203.8M-1.1M0.7810.00N/AN/A1,09085031,41721,904
2019-07-18$206.10$200.0018.3%5.2%17.5%24.1%19.0%2.5%0.6%15.4M-228.4M-1.0M0.4842.50N/AN/A1,93492231,49521,934
2019-07-19$205.35$200.0018.2%5.2%17.6%23.4%19.3%2.6%0.6%8.5M-220.0M-1.0M0.979.41N/AN/A1,4381,39331,55221,990
2019-07-22$205.77$200.0019.0%5.5%17.6%28.0%19.0%2.4%-0.4%8.8M-182.6M-1.0M2.679.93N/AN/A5891,57524,64120,390
2019-07-23$205.25$200.0018.9%5.5%17.4%27.6%19.1%2.8%-0.3%7.7M-175.3M-1.0M1.7512.11N/AN/A9721,70025,00321,692
2019-07-24$200.93$200.0019.9%5.9%19.2%33.3%20.9%3.2%-0.1%1.9M-117.7M-1.1M1.5314.02N/AN/A1,9632,99425,28021,953
2019-07-25$201.75$200.0019.7%5.9%14.6%32.0%21.4%2.9%-0.2%2.0M-128.2M-1.1M1.2612.97N/AN/A1,5291,93325,77423,103
2019-07-26$200.99$200.0020.0%6.1%14.5%33.9%21.2%3.1%-0.5%2.4M-118.2M-1.1M2.1812.80N/AN/A1,1602,53225,87523,408
2019-07-29$199.70$200.0020.2%6.3%14.7%35.1%22.4%3.2%-0.9%1.1M-101.5M-1.1M1.4213.33N/AN/A49971124,20123,110
2019-07-30$197.24$200.0020.9%6.5%14.7%39.5%24.8%3.3%-0.4%-212.8K-71.8M-1.1M3.0727.32N/AN/A1,5204,67224,81523,533
2019-07-31$195.25$200.0017.8%5.0%13.9%21.1%18.6%2.5%-0.5%-5.8M-32.4M-1.0M1.3019.50N/AN/A2,4773,21925,08026,151