CME Options History — August 2019

In August 2019, CME traded between $201.09 and $217.17. ATM implied volatility averaged 21.6%, placing in the 43.4% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 1.2% (HV 20d: 22.8%). Max pain ranged from $190.00 to $200.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.68.

Notable Days

  • 2019-08-01: Highest Volume — 8,157 contracts
  • 2019-08-05: Largest IV spike — 24.2% change
  • 2019-08-05: Highest IV Rank — 62.6%
  • 2019-08-05: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$212.00$201.09$217.17$201.09$216.86
Max Pain$191.82$190.00$200.00$200.00$195.00
ATM IV21.6%19.6%24.9%19.6%20.3%
Expected Move6.2%5.7%7.1%5.9%5.7%
HV 20d22.8%17.3%25.6%17.3%21.9%
HV 60d19.0%16.8%20.4%16.8%19.7%
IV Rank43.4%31.6%62.6%31.6%35.5%
IV Percentile80.5%60.3%97.2%60.3%65.1%
Term Structure0.2%-0.7%1.4%-0.4%0.4%
VWIV23.1%21.3%25.9%21.6%22.2%
Skew 25d4.0%2.4%5.1%2.4%3.3%
Skew 10d8.0%4.9%11.8%4.9%7.0%
Call IV 25d20.3%18.6%22.9%18.6%19.3%
Put IV 25d24.3%21.1%27.7%21.1%22.6%
Bid-Ask Spread %36.8724.8058.2341.9633.39
Gamma HHI0.130.100.290.110.10
Net GEX18.6M3.3M34.0M3.3M20.0M
Net DEX-282.1M-371.7M-136.2M-136.2M-335.6M
Net VEX-1.2M-1.3M-1.1M-1.1M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.121.840.541.20
Total Volume3,707.0451,5118,1578,1571,609
Total OI61,287.40951,77673,39551,77673,395

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$201.09$200.0019.6%5.9%17.3%31.6%21.6%2.4%-0.4%3.3M-136.2M-1.1M0.5441.96N/AN/A5,3042,85325,88625,890
2019-08-02$204.97$200.0020.0%6.0%18.4%34.2%21.5%3.4%-0.1%20.3M-208.2M-1.2M0.8250.53N/AN/A3,3452,74728,69826,295
2019-08-05$202.68$190.0024.9%7.1%18.8%62.6%25.0%4.3%-0.7%6.8M-161.5M-1.2M0.5827.31N/AN/A1,7901,03227,62124,610
2019-08-06$208.10$190.0021.9%6.1%21.0%45.4%22.8%3.9%0.3%13.6M-239.5M-1.2M0.2424.94N/AN/A3,71590628,75824,974
2019-08-07$209.81$190.0022.1%6.4%21.1%46.1%22.7%4.5%0.6%14.8M-266.4M-1.2M0.5124.80N/AN/A2,6211,33529,80825,362
2019-08-08$211.04$190.0020.7%6.0%20.5%38.1%21.5%3.6%1.0%18.4M-294.8M-1.1M0.5853.40N/AN/A1,9681,15030,87926,274
2019-08-09$216.51$190.0020.1%5.7%22.3%34.3%21.8%4.0%0.1%17.4M-368.8M-1.1M0.2542.28N/AN/A4,3771,10731,15526,775
2019-08-12$212.66$190.0021.6%6.5%23.4%43.2%25.9%4.7%1.4%15.1M-277.9M-1.2M1.8458.23N/AN/A1,0841,99230,23226,514
2019-08-13$213.26$190.0021.7%6.3%22.8%44.2%21.9%4.1%-0.0%16.0M-285.9M-1.2M0.1249.40N/AN/A5,55568830,63428,145
2019-08-14$209.16$190.0024.0%6.8%24.1%57.7%24.5%5.1%-0.2%17.5M-247.9M-1.3M1.1956.41N/AN/A1,4961,77534,04928,504
2019-08-15$212.89$190.0023.3%6.8%24.7%53.3%25.9%4.3%0.3%23.5M-302.2M-1.3M1.6345.74N/AN/A1,3162,14834,74629,569
2019-08-16$213.61$190.0021.9%6.4%24.6%45.4%23.3%3.8%0.3%23.5M-322.3M-1.2M0.8141.54N/AN/A1,3281,07535,55331,178
2019-08-19$217.15$190.0020.3%5.8%25.1%35.8%22.5%3.9%0.0%27.3M-371.7M-1.1M0.3125.06N/AN/A1,97861033,35126,556
2019-08-20$214.45$190.0020.9%6.0%25.6%39.5%24.7%4.1%0.1%27.4M-320.4M-1.2M0.8127.92N/AN/A1,7021,37633,97726,766
2019-08-21$213.22$190.0020.9%6.0%24.3%39.2%25.0%3.7%-0.0%27.5M-293.5M-1.2M0.8528.84N/AN/A1,6361,39234,81727,600
2019-08-22$213.79$190.0020.7%5.9%24.3%38.1%21.3%4.1%0.1%34.0M-307.2M-1.2M0.3430.55N/AN/A1,12738435,55928,559
2019-08-23$211.33$190.0022.5%6.5%24.7%48.4%22.8%4.5%-0.1%12.8M-232.7M-1.2M0.1436.13N/AN/A5,63180635,71228,774
2019-08-26$213.82$190.0022.6%6.5%24.7%49.2%23.8%4.3%-0.1%14.8M-280.7M-1.2M0.9333.01N/AN/A1,2911,19633,42627,914
2019-08-27$217.17$195.0022.1%6.3%24.3%46.1%22.7%3.9%0.1%19.1M-336.2M-1.3M0.1727.97N/AN/A2,98349336,47930,961
2019-08-28$214.75$195.0022.2%6.4%24.4%46.8%23.8%3.6%0.2%17.5M-298.1M-1.3M0.5125.48N/AN/A1,76690638,79231,313
2019-08-29$215.75$195.0021.2%6.0%22.6%41.1%21.6%3.7%0.0%19.6M-318.0M-1.3M0.5726.32N/AN/A1,24971340,25032,013
2019-08-30$216.86$195.0020.3%5.7%21.9%35.5%22.2%3.3%0.4%20.0M-335.6M-1.3M1.2033.39N/AN/A73087941,01932,376