CME Options History — June 2020

In June 2020, CME traded between $162.01 and $191.73. ATM implied volatility averaged 34.3%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 5.7% (HV 20d: 40.0%). Max pain ranged from $175.00 to $190.00. Net GEX was positive for 5 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.69.

Notable Days

  • 2020-06-08: Highest Volume — 14,538 contracts
  • 2020-06-11: Largest IV spike — 47.3% change
  • 2020-06-11: Highest IV Rank — 32.8%
  • 2020-06-11: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$177.02$162.01$191.73$183.12$162.08
Max Pain$178.86$175.00$190.00$190.00$175.00
ATM IV34.3%29.7%43.7%31.5%35.0%
Expected Move9.7%8.2%12.0%9.0%9.2%
HV 20d40.0%35.6%45.4%35.6%38.3%
HV 60d54.8%39.2%74.6%74.5%39.2%
IV Rank21.7%16.2%32.8%18.3%22.4%
IV Percentile77.8%71.4%86.5%75.4%77.0%
Term Structure-0.2%-3.8%4.8%-0.8%-2.2%
VWIV33.6%28.5%40.8%35.5%30.4%
Skew 25d7.4%2.8%13.3%7.8%9.3%
Skew 10d15.4%5.0%32.8%16.8%13.8%
Call IV 25d31.1%28.0%38.2%28.6%30.4%
Put IV 25d38.5%32.4%50.7%36.4%39.8%
Bid-Ask Spread %57.1849.8465.8659.3264.45
Gamma HHI0.090.060.310.060.08
Net GEX-1.3M-11.7M15.7M-2.0M-5.5M
Net DEX105.5M-128.0M203.2M72.8M201.9M
Net VEX-1.6M-1.8M-1.5M-1.6M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.121.841.840.45
Total Volume5,905.7732,09214,5383,0862,630
Total OI88,064.72773,532102,75381,90278,467

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$183.12$190.0031.5%9.0%35.6%18.3%35.5%7.8%-0.8%-2.0M72.8M-1.6M1.8459.32N/AN/A1,0852,00134,91646,986
2020-06-02$178.44$190.0031.7%9.1%37.0%18.6%32.8%7.7%-0.6%-5.3M137.0M-1.5M0.5262.20N/AN/A1,37971335,56448,532
2020-06-03$185.64$190.0030.3%9.0%38.0%16.9%29.4%5.7%-0.4%-798.8K33.5M-1.6M0.1261.49N/AN/A6,17976436,21548,960
2020-06-04$183.91$180.0030.1%8.4%36.9%16.7%32.4%5.5%-1.4%1.3M41.8M-1.6M0.5849.84N/AN/A7,7304,45739,48449,149
2020-06-05$191.73$180.0031.6%8.2%38.6%18.4%28.5%2.8%-1.8%15.7M-128.0M-1.7M0.2251.45N/AN/A8,5541,91441,85250,279
2020-06-08$190.77$180.0030.7%8.6%38.7%17.4%30.3%5.8%-0.4%6.6M-58.0M-1.6M0.1958.59N/AN/A12,1942,34438,57147,932
2020-06-09$190.68$180.0031.1%8.9%38.0%17.8%30.9%5.5%0.5%10.6M-38.2M-1.7M0.2558.24N/AN/A5,8761,47143,65249,602
2020-06-10$188.93$180.0029.7%8.6%36.9%16.2%30.4%4.8%0.5%8.4M-12.7M-1.8M0.2265.86N/AN/A5,0881,13045,21549,644
2020-06-11$175.53$180.0043.7%12.0%45.4%32.8%40.8%12.5%-3.8%-4.4M172.1M-1.7M0.3853.61N/AN/A6,4282,42647,22150,069
2020-06-12$174.26$180.0037.9%11.1%45.1%25.9%37.9%9.6%1.4%-6.5M200.4M-1.6M1.7857.89N/AN/A2,2023,92948,65151,050
2020-06-15$173.47$180.0037.9%10.8%45.1%25.9%38.4%7.8%4.8%-5.2M201.2M-1.7M0.4952.48N/AN/A3,7341,84243,18950,020
2020-06-16$175.64$175.0035.4%10.1%43.2%22.9%34.4%7.7%-0.5%-4.1M176.8M-1.6M0.4861.73N/AN/A5,5982,67744,19749,798
2020-06-17$178.19$175.0034.6%9.9%41.8%22.0%32.9%8.0%-0.4%-1.9M135.3M-1.7M0.2060.24N/AN/A3,04460448,44051,552
2020-06-18$175.96$175.0034.7%9.9%41.9%22.1%34.8%6.8%0.4%-3.3M159.1M-1.7M0.7658.31N/AN/A1,7711,34650,60751,159
2020-06-19$175.51$175.0033.9%9.6%41.5%21.2%33.2%8.1%1.9%-11.7M149.3M-1.7M1.1962.01N/AN/A2,2362,65351,58351,170
2020-06-22$174.74$175.0031.5%9.1%41.5%18.3%30.3%3.7%0.4%-889.3K81.0M-1.7M0.2552.40N/AN/A3,27583333,83339,699
2020-06-23$173.28$175.0034.5%9.3%40.3%21.9%30.3%7.0%-2.8%-1.6M94.4M-1.7M0.9849.88N/AN/A3,3723,31135,67839,914
2020-06-24$168.49$175.0035.0%10.3%39.4%22.5%35.3%7.3%1.4%-3.5M147.3M-1.7M1.0652.90N/AN/A2,5252,68636,62240,533
2020-06-25$168.75$175.0039.6%10.7%38.0%28.0%37.0%13.3%0.3%-4.3M151.8M-1.7M0.7452.82N/AN/A1,3961,04037,29842,260
2020-06-26$163.40$175.0037.6%10.9%39.2%25.6%38.6%8.5%2.1%-5.5M203.2M-1.6M1.2251.63N/AN/A1,5091,84037,71942,535
2020-06-29$162.01$175.0036.9%10.0%38.9%24.8%35.5%7.8%-2.0%-5.0M199.4M-1.5M1.1660.60N/AN/A9931,14836,21341,394
2020-06-30$162.08$175.0035.0%9.2%38.3%22.4%30.4%9.3%-2.2%-5.5M201.9M-1.5M0.4564.45N/AN/A1,81781336,66841,799