CME Options History — June 2021

In June 2021, CME traded between $212.23 and $218.65. ATM implied volatility averaged 19.0%, placing in the 4.9% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 1.0% (HV 20d: 18.0%). Max pain ranged from $195.00 to $220.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.88.

Notable Days

  • 2021-06-29: Highest Volume — 11,616 contracts
  • 2021-06-18: Largest IV spike — 12.0% change
  • 2021-06-29: Highest IV Rank — 15.9%
  • 2021-06-03: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$215.97$212.23$218.65$213.16$212.23
Max Pain$217.73$195.00$220.00$195.00$220.00
ATM IV19.0%17.4%20.8%20.5%20.6%
Expected Move5.3%4.7%5.9%5.7%4.9%
HV 20d18.0%12.6%21.4%21.1%12.6%
HV 60d17.9%16.6%19.4%19.3%16.6%
IV Rank4.9%0.0%15.9%7.2%14.8%
IV Percentile3.3%0.0%12.7%4.4%12.3%
Term Structure0.4%-1.4%3.3%1.1%-0.4%
VWIV18.9%16.7%24.3%20.0%17.4%
Skew 25d2.5%1.5%5.7%1.9%2.5%
Skew 10d6.5%-0.7%11.8%5.3%5.5%
Call IV 25d18.4%16.5%20.6%20.5%19.7%
Put IV 25d20.9%18.2%23.2%22.4%22.2%
Bid-Ask Spread %71.9934.5690.2669.4757.30
Gamma HHI0.140.090.230.170.09
Net GEX8.9M1.2M15.4M8.1M1.2M
Net DEX-121.1M-230.6M-18.1M-160.4M-18.1M
Net VEX-1.4M-1.5M-1.3M-1.4M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.076.160.370.87
Total Volume3,149.27360211,6161,7151,156
Total OI61,077.27351,53266,59063,36257,428

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$213.16$195.0020.5%5.7%21.1%7.2%20.0%1.9%1.1%8.1M-160.4M-1.4M0.3769.47N/AN/A1,25446132,81430,548
2021-06-02$215.93$195.0019.7%5.6%21.4%3.9%19.8%1.5%2.1%10.9M-198.2M-1.4M0.3371.93N/AN/A94831533,19630,832
2021-06-03$217.88$220.0020.4%5.9%21.4%6.8%20.5%2.6%-0.9%13.1M-230.6M-1.4M0.2680.64N/AN/A1,12729133,63330,996
2021-06-04$218.46$220.0018.9%5.5%21.4%0.7%24.3%2.2%0.2%12.6M-225.3M-1.4M0.7284.45N/AN/A81358434,60431,986
2021-06-07$218.25$220.0020.0%5.6%21.2%5.3%18.7%5.7%-1.4%12.9M-217.1M-1.3M0.3584.27N/AN/A1,02335733,57830,983
2021-06-08$217.64$220.0019.4%5.4%19.1%2.9%18.4%2.4%-0.9%11.8M-200.0M-1.4M0.0783.65N/AN/A10,25072334,01031,209
2021-06-09$215.75$220.0020.5%5.6%18.7%7.1%19.6%2.9%-1.3%7.5M-105.5M-1.5M0.8281.35N/AN/A1,12391830,68031,638
2021-06-10$212.98$220.0019.0%5.5%19.2%1.3%18.6%1.6%0.5%4.9M-68.7M-1.4M0.1690.26N/AN/A2,16934131,48132,396
2021-06-11$214.12$220.0017.9%5.2%18.8%0.0%18.3%2.9%1.2%6.2M-80.1M-1.4M0.9287.32N/AN/A38235332,22132,537
2021-06-14$216.19$220.0017.4%5.0%19.0%0.0%18.1%2.7%0.4%8.9M-93.8M-1.4M0.3780.68N/AN/A81429831,03532,234
2021-06-15$217.40$220.0017.7%5.0%19.0%1.3%17.7%3.2%0.8%11.6M-114.0M-1.4M0.4081.98N/AN/A93637931,23132,419
2021-06-16$218.65$220.0018.4%5.3%18.9%4.7%18.7%1.8%-0.6%15.4M-150.2M-1.4M0.2187.23N/AN/A2,92760231,66932,565
2021-06-17$217.32$220.0017.5%5.0%17.5%0.7%17.7%2.4%-0.2%14.6M-126.0M-1.4M0.1971.18N/AN/A1,56629533,22732,946
2021-06-18$213.96$220.0019.6%5.7%16.1%10.2%20.9%3.7%-0.4%3.9M-57.3M-1.4M6.1687.07N/AN/A7584,67133,51733,036
2021-06-21$215.64$220.0018.5%5.3%16.2%5.1%19.2%2.9%2.3%6.7M-86.4M-1.3M0.8672.28N/AN/A1,9761,70025,39126,141
2021-06-22$216.24$220.0018.6%5.3%16.2%5.7%18.3%2.1%-0.9%6.8M-91.5M-1.4M0.3936.30N/AN/A43416826,50327,580
2021-06-23$215.60$220.0017.8%5.0%15.9%1.9%20.6%2.8%3.3%6.4M-83.5M-1.4M2.1872.00N/AN/A3,4527,53727,13527,903
2021-06-24$217.01$220.0017.6%4.8%16.0%1.1%17.4%2.7%2.4%9.1M-105.4M-1.4M0.4543.03N/AN/A64228927,44027,914
2021-06-25$218.02$220.0017.6%4.7%15.8%1.0%16.7%1.7%2.5%11.4M-126.4M-1.4M0.5576.30N/AN/A89048827,87628,127
2021-06-28$215.20$220.0019.5%4.9%16.3%9.9%17.2%1.9%-0.2%6.2M-76.4M-1.3M0.4734.56N/AN/A1,54071827,21727,806
2021-06-29$213.61$220.0020.8%4.9%13.3%15.9%17.2%1.8%-0.2%4.7M-50.2M-1.3M2.2450.49N/AN/A3,5868,03027,73028,288
2021-06-30$212.23$220.0020.6%4.9%12.6%14.8%17.4%2.5%-0.4%1.2M-18.1M-1.4M0.8757.30N/AN/A61853827,86829,560