CME Options History — April 2024

In April 2024, CME traded between $206.29 and $215.84. ATM implied volatility averaged 21.2%, placing in the 69.9% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 5.4% (HV 20d: 15.8%). Max pain ranged from $210.00 to $215.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.53.

Notable Days

  • 2024-04-24: Highest Volume — 4,102 contracts
  • 2024-04-26: Largest IV drop — 18.4% change
  • 2024-04-19: Highest IV Rank — 88.4%
  • 2024-04-12: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$211.52$206.29$215.84$213.05$209.46
Max Pain$210.68$210.00$215.00$215.00$210.00
ATM IV21.2%18.2%22.8%20.5%19.4%
Expected Move6.0%5.1%6.5%5.1%5.6%
HV 20d15.8%12.3%17.7%14.9%17.1%
HV 60d16.2%15.1%17.0%15.8%16.9%
IV Rank69.9%45.8%88.4%59.7%56.7%
IV Percentile83.2%47.6%98.0%76.2%64.3%
Term Structure-1.3%-3.5%-0.1%-0.3%-0.9%
VWIV21.0%17.7%24.2%17.7%19.4%
Skew 25d2.5%1.6%3.3%1.8%2.8%
Skew 10d5.4%3.2%7.4%4.8%6.6%
Call IV 25d20.5%17.5%23.2%20.5%18.4%
Put IV 25d23.0%20.1%24.8%22.3%21.2%
Bid-Ask Spread %74.3164.1879.5774.3279.57
Gamma HHI0.160.100.240.120.23
Net GEX4.9M-2.3M13.3M4.5M4.4M
Net DEX-96.9M-163.6M-35.8M-71.7M-86.6M
Net VEX-1.2M-1.2M-1.1M-1.1M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.151.180.430.25
Total Volume1,939.1366734,1021,4671,376
Total OI37,377.95533,64839,99234,22933,894

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$213.05$215.0020.5%5.1%14.9%59.7%17.7%1.8%-0.3%4.5M-71.7M-1.1M0.4374.32N/AN/A1,02943819,72814,501
2024-04-02$214.23$215.0021.8%5.3%14.8%70.6%19.2%2.3%-0.8%6.0M-90.6M-1.1M0.1576.31N/AN/A2,33835720,41414,850
2024-04-03$212.32$215.0022.5%5.4%15.0%76.5%18.4%2.0%-1.7%5.1M-90.6M-1.2M0.3576.90N/AN/A50017322,43314,971
2024-04-04$212.13$210.0020.7%6.1%15.0%61.1%22.0%2.0%-2.0%4.1M-89.7M-1.2M0.5373.09N/AN/A1,9591,04022,62415,012
2024-04-05$211.11$210.0019.0%6.0%12.3%46.4%20.4%2.8%-3.5%369.7K-68.0M-1.2M0.2676.34N/AN/A2,45764622,87515,786
2024-04-08$213.01$210.0021.3%6.2%12.7%66.2%21.2%2.7%-1.4%9.4M-106.1M-1.2M0.2674.73N/AN/A1,43737522,40915,144
2024-04-09$209.01$210.0020.2%6.1%13.0%56.9%21.5%2.8%-0.9%3.1M-62.0M-1.2M0.1576.04N/AN/A2,71341823,04215,501
2024-04-10$212.81$210.0021.9%6.3%14.6%71.1%21.9%3.0%-1.6%10.7M-117.1M-1.2M0.3276.78N/AN/A1,22539823,83815,864
2024-04-11$213.31$210.0021.8%6.2%14.4%70.1%22.0%2.6%-1.3%13.3M-116.6M-1.2M0.5477.46N/AN/A53228823,73715,897
2024-04-12$209.83$210.0022.8%6.5%15.4%78.7%24.2%2.7%-1.5%-2.3M-70.3M-1.2M0.5374.82N/AN/A1,47678423,73416,045
2024-04-15$206.29$210.0022.7%6.5%16.2%88.2%23.6%1.6%-1.2%-194.8K-35.8M-1.1M0.3670.24N/AN/A1,49753322,56915,679
2024-04-16$206.96$210.0022.3%6.4%16.4%84.1%24.0%2.8%-1.3%1.7M-56.4M-1.2M0.7471.08N/AN/A58843423,69115,894
2024-04-17$208.56$210.0022.5%6.5%16.5%86.7%23.6%2.7%-1.6%1.7M-78.1M-1.2M0.5264.18N/AN/A84344223,79915,918
2024-04-18$209.77$210.0022.1%6.3%16.3%82.7%21.8%2.9%-1.4%520.7K-93.7M-1.2M0.2271.00N/AN/A2,08246023,65215,778
2024-04-19$213.87$210.0022.7%6.5%17.5%88.4%22.7%2.2%-1.7%9.5M-163.6M-1.2M1.0572.58N/AN/A63266124,12115,871
2024-04-22$215.48$210.0021.5%6.2%17.6%76.6%21.8%2.5%-2.1%7.7M-145.7M-1.2M0.9872.49N/AN/A73071919,90113,827
2024-04-23$215.84$210.0020.8%6.0%17.6%70.2%21.1%2.5%-1.4%8.5M-152.1M-1.1M1.1873.44N/AN/A1,4911,76620,32214,060
2024-04-24$213.47$210.0020.3%5.8%17.7%65.2%19.0%3.3%-1.6%5.0M-119.8M-1.1M1.0877.24N/AN/A1,9692,13320,90415,540
2024-04-25$212.74$210.0022.4%5.6%17.3%85.2%20.1%1.9%-0.7%6.7M-126.1M-1.1M0.9578.44N/AN/A57354721,81915,601
2024-04-26$210.67$210.0018.2%5.2%17.6%45.8%18.2%2.6%-0.1%3.7M-103.9M-1.1M0.3277.00N/AN/A1,27341321,76215,660
2024-04-29$209.58$210.0018.7%5.4%17.3%50.0%19.2%2.6%-0.4%4.7M-88.2M-1.1M0.5370.67N/AN/A59931719,80913,839
2024-04-30$209.46$210.0019.4%5.6%17.1%56.7%19.4%2.8%-0.9%4.4M-86.6M-1.1M0.2579.57N/AN/A1,10027619,86114,033