CME Options History — December 2021

In December 2021, CME traded between $220.57 and $231.94. ATM implied volatility averaged 22.6%, placing in the 24.3% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 0.8% (HV 20d: 21.8%). Max pain ranged from $200.00 to $220.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.03.

Notable Days

  • 2021-12-23: Highest Volume — 54,053 contracts
  • 2021-12-03: Largest IV spike — 25.8% change
  • 2021-12-03: Highest IV Rank — 65.3%
  • 2021-12-03: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$227.43$220.57$231.94$220.57$229.26
Max Pain$210.91$200.00$220.00$210.00$220.00
ATM IV22.6%18.2%31.4%26.2%18.4%
Expected Move6.3%4.9%8.9%8.3%4.9%
HV 20d21.8%15.8%24.6%15.8%18.9%
HV 60d18.8%17.3%19.4%17.3%18.5%
IV Rank24.3%4.0%65.3%41.2%5.2%
IV Percentile46.6%3.2%97.6%80.6%5.2%
Term Structure0.2%-2.2%3.3%0.9%0.6%
VWIV22.1%16.5%30.1%26.5%17.8%
Skew 25d3.3%0.2%6.4%3.0%2.9%
Skew 10d6.6%1.4%9.6%8.4%7.1%
Call IV 25d22.0%17.1%30.5%26.1%17.6%
Put IV 25d25.2%19.5%33.6%29.1%20.5%
Bid-Ask Spread %73.8465.7080.5972.9574.44
Gamma HHI0.200.130.350.170.35
Net GEX12.6M5.8M18.6M10.5M13.6M
Net DEX-186.6M-329.0M-101.6M-195.1M-136.6M
Net VEX-824.0K-1.0M-722.0K-936.0K-820.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.033.302.430.10
Total Volume19,758.3645,72654,0538,28114,766
Total OI46,224.45541,63250,48450,29943,407

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$220.57$210.0026.2%8.3%15.8%41.2%26.5%3.0%0.9%10.5M-195.1M-936.0K2.4372.95N/AN/A2,4125,86927,22223,077
2021-12-02$227.32$210.0025.0%8.1%19.1%35.5%27.5%0.2%2.1%13.7M-267.6M-953.8K2.5171.95N/AN/A2,4396,11127,39723,087
2021-12-03$223.95$210.0031.4%8.9%19.9%65.3%30.1%3.0%-2.0%10.2M-217.6M-1.0M2.8975.66N/AN/A2,0265,84627,26422,988
2021-12-06$224.21$200.0027.2%7.4%19.7%45.9%24.6%6.4%-1.2%12.1M-232.4M-882.3K3.3079.66N/AN/A1,8366,06026,77422,750
2021-12-07$230.13$200.0024.3%6.5%21.5%32.4%21.9%2.1%0.0%17.6M-317.4M-732.0K2.5770.34N/AN/A2,4756,36726,93522,786
2021-12-08$231.94$200.0024.8%6.5%21.6%34.5%23.7%4.5%-0.6%18.6M-329.0M-722.0K0.1980.59N/AN/A35,0816,80526,73123,066
2021-12-09$227.79$210.0023.6%6.6%22.7%29.0%22.7%3.0%0.5%11.9M-174.7M-835.5K0.8976.75N/AN/A7,3866,58822,66723,712
2021-12-10$228.10$210.0022.1%6.1%22.5%22.3%21.3%3.4%-1.1%10.6M-166.6M-806.4K0.9376.88N/AN/A7,2676,77222,76424,333
2021-12-13$228.59$210.0023.2%6.2%22.3%27.4%22.5%2.9%-1.3%11.8M-177.1M-781.4K1.2077.80N/AN/A5,7176,86022,67724,125
2021-12-14$228.01$210.0023.5%6.6%22.2%28.5%23.9%3.6%-0.8%12.4M-175.1M-789.3K1.3676.76N/AN/A5,2697,15023,07224,277
2021-12-15$227.62$210.0023.6%6.5%22.1%29.0%22.4%3.0%-0.9%11.5M-169.8M-793.3K0.9378.73N/AN/A6,5736,12423,23624,368
2021-12-16$229.34$210.0021.6%6.4%22.2%19.7%22.3%5.1%0.4%13.3M-195.0M-803.7K1.0980.23N/AN/A5,6966,19724,24824,476
2021-12-17$226.24$210.0022.7%6.1%22.7%24.8%24.0%4.7%-2.2%8.8M-140.0M-813.7K0.8078.61N/AN/A8,4526,78824,06324,539
2021-12-20$221.09$210.0025.1%7.2%23.7%36.2%24.8%4.3%0.8%5.8M-101.6M-826.4K0.4766.45N/AN/A4,0331,89921,01720,729
2021-12-21$224.37$210.0021.1%6.0%24.2%17.5%21.3%1.7%2.1%10.4M-140.9M-788.3K0.4765.70N/AN/A3,8941,83221,24421,227
2021-12-22$226.92$210.0018.7%5.4%24.2%6.4%19.0%0.9%3.3%14.1M-173.8M-726.4K0.3772.83N/AN/A5,0231,83721,26521,325
2021-12-23$230.09$210.0018.2%5.1%24.6%4.0%16.8%1.7%1.8%17.8M-213.3M-737.0K0.0367.34N/AN/A52,6081,44522,49621,839
2021-12-27$229.23$220.0019.4%5.2%22.7%9.6%16.5%4.0%0.8%13.9M-155.8M-841.2K0.0971.18N/AN/A41,5973,84420,17121,461
2021-12-28$230.39$220.0019.0%5.2%22.5%7.8%19.4%3.7%0.7%13.2M-151.5M-836.4K0.0369.82N/AN/A40,8221,37119,51222,631
2021-12-29$229.43$220.0019.1%5.1%21.7%8.2%17.2%3.4%0.6%12.7M-139.7M-832.2K0.0470.37N/AN/A41,1471,53319,79523,081
2021-12-30$228.76$220.0018.3%4.9%21.6%4.6%19.9%3.9%0.4%13.1M-134.0M-830.8K0.0569.53N/AN/A39,0741,79319,93723,167
2021-12-31$229.26$220.0018.4%4.9%18.9%5.2%17.8%2.9%0.6%13.6M-136.6M-820.3K0.1074.44N/AN/A13,3881,37819,99723,410