CME Options History — October 2020

In October 2020, CME traded between $149.90 and $171.08. ATM implied volatility averaged 29.9%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 9.6% (HV 20d: 20.3%). Max pain ranged from $165.00 to $167.50. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.94.

Notable Days

  • 2020-10-28: Highest Volume — 5,420 contracts
  • 2020-10-28: Largest IV spike — 13.7% change
  • 2020-10-30: Highest IV Rank — 22.5%
  • 2020-10-28: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$164.36$149.90$171.08$169.62$149.90
Max Pain$165.23$165.00$167.50$167.50$165.00
ATM IV29.9%27.2%35.0%28.5%35.0%
Expected Move8.5%7.2%10.7%7.2%10.6%
HV 20d20.3%17.3%26.9%21.6%25.6%
HV 60d18.2%17.2%21.8%17.9%21.7%
IV Rank16.5%13.3%22.5%14.8%22.5%
IV Percentile57.2%46.0%75.8%54.4%75.8%
Term Structure-0.6%-3.4%1.9%0.3%-0.5%
VWIV30.0%26.5%36.8%26.5%36.6%
Skew 25d6.0%4.3%8.0%8.0%7.6%
Skew 10d11.8%6.2%18.3%10.9%14.9%
Call IV 25d27.1%24.5%32.9%24.5%32.0%
Put IV 25d33.2%30.0%39.6%32.5%39.6%
Bid-Ask Spread %52.0041.4971.5245.2971.52
Gamma HHI0.090.080.130.090.13
Net GEX-1.7M-8.0M4.4M2.7M-7.8M
Net DEX85.0M-11.1M243.4M18.8M235.6M
Net VEX-1.3M-1.5M-997.9K-1.5M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.351.911.031.91
Total Volume2,299.3649085,4201,5651,684
Total OI76,69073,22479,61374,81877,803

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$169.62$167.5028.5%7.2%21.6%14.8%26.5%8.0%0.3%2.7M18.8M-1.5M1.0345.29N/AN/A77279333,81341,005
2020-10-02$169.04$167.5030.3%7.6%21.5%16.9%27.2%7.6%1.9%2.5M22.7M-1.5M1.2045.84N/AN/A66579534,02541,308
2020-10-05$167.46$165.0030.5%8.8%21.5%17.2%30.0%6.4%-0.5%766.2K53.4M-1.4M1.2360.56N/AN/A1,1881,46533,53840,388
2020-10-06$168.13$165.0030.3%8.6%21.0%16.9%31.1%7.1%0.2%973.5K42.4M-1.4M0.7157.14N/AN/A97168834,32441,361
2020-10-07$169.74$165.0031.6%8.2%21.2%18.5%27.1%6.7%-3.4%2.7M16.3M-1.4M0.8056.41N/AN/A1,18194934,38941,582
2020-10-08$171.08$165.0029.6%8.2%19.2%16.1%28.6%4.6%-0.5%4.4M-11.1M-1.4M1.0159.78N/AN/A81382034,84642,064
2020-10-09$169.33$165.0028.2%7.8%19.5%14.5%26.6%5.0%-0.7%3.8M26.1M-1.4M0.3553.68N/AN/A2,35181635,14542,135
2020-10-12$170.51$165.0027.6%7.7%19.0%13.8%27.6%4.8%-0.5%3.7M5.0M-1.4M0.5954.42N/AN/A77746235,04741,255
2020-10-13$168.19$165.0028.5%7.7%19.4%14.8%27.5%5.1%-1.3%1.2M41.2M-1.3M0.7150.42N/AN/A1,26088935,29841,460
2020-10-14$167.11$165.0028.4%8.2%18.6%14.7%28.1%5.5%0.2%-855.1K60.5M-1.3M0.8547.83N/AN/A49141735,85942,006
2020-10-15$167.09$165.0028.5%8.2%18.6%14.9%29.2%5.6%0.3%-1.4M58.8M-1.3M0.8453.90N/AN/A1,2201,02035,93442,220
2020-10-16$168.11$165.0027.2%7.5%18.7%13.3%26.8%4.3%-1.4%-1.2M35.9M-1.3M0.5949.14N/AN/A70441336,54542,680
2020-10-19$163.78$165.0029.4%8.4%20.0%15.9%29.2%5.4%-0.9%-3.4M103.0M-1.2M0.8746.87N/AN/A1,6801,46033,46339,761
2020-10-20$164.18$165.0028.3%8.1%20.0%14.5%29.3%6.0%-1.1%-4.1M103.3M-1.2M0.8145.71N/AN/A1,5711,26834,31840,991
2020-10-21$164.20$165.0029.1%8.3%18.2%15.5%29.9%5.7%-3.1%-4.7M100.6M-1.3M1.2241.49N/AN/A1,4311,73935,16441,882
2020-10-22$164.06$165.0029.2%8.4%18.1%15.6%30.5%6.9%-1.5%-6.3M99.6M-1.2M0.7042.49N/AN/A90963335,66843,362
2020-10-23$164.08$165.0028.4%8.2%17.3%14.6%29.5%5.9%-0.8%-4.5M103.8M-1.3M1.1947.58N/AN/A8621,02535,98843,625
2020-10-26$159.76$165.0031.8%9.4%18.1%18.7%33.5%6.5%0.5%-4.6M142.6M-1.2M1.0442.97N/AN/A2,1742,26635,31540,963
2020-10-27$159.95$165.0030.5%9.3%17.5%17.2%33.4%5.0%1.1%-5.0M139.0M-1.2M0.8843.27N/AN/A1,4521,28234,88341,046
2020-10-28$150.67$165.0034.7%10.7%26.9%22.1%36.8%6.5%-0.1%-8.0M229.4M-1.1M1.1064.85N/AN/A2,5812,83935,55241,742
2020-10-29$149.97$165.0032.8%9.9%25.6%19.9%34.8%7.0%-0.9%-7.7M243.4M-997.9K1.0162.87N/AN/A90190936,09941,328
2020-10-30$149.90$165.0035.0%10.6%25.6%22.5%36.6%7.6%-0.5%-7.8M235.6M-1.1M1.9171.52N/AN/A5781,10636,42741,376