CME Options History — July 2024

In July 2024, CME traded between $193.63 and $201.04. ATM implied volatility averaged 18.7%, placing in the 50.1% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 5.9% (HV 20d: 12.8%). Max pain ranged from $195.00 to $200.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.73.

Notable Days

  • 2024-07-19: Highest Volume — 7,191 contracts
  • 2024-07-10: Largest IV spike — 15.8% change
  • 2024-07-23: Highest IV Rank — 85.0%
  • 2024-07-23: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$197.16$193.63$201.04$195.72$193.63
Max Pain$197.95$195.00$200.00$195.00$200.00
ATM IV18.7%15.6%22.3%16.2%17.7%
Expected Move5.5%4.6%6.4%4.6%5.1%
HV 20d12.8%11.3%14.8%12.8%14.8%
HV 60d15.2%14.7%16.2%16.2%15.4%
IV Rank50.1%20.8%85.0%26.2%40.3%
IV Percentile53.3%8.3%96.0%14.3%33.7%
Term Structure-0.4%-2.6%3.3%2.7%0.0%
VWIV19.3%15.7%22.4%15.8%22.0%
Skew 25d1.9%1.2%2.9%1.8%2.9%
Skew 10d3.9%1.5%5.5%2.8%5.5%
Call IV 25d18.4%15.4%20.9%15.7%17.4%
Put IV 25d20.3%17.1%23.1%17.4%20.3%
Bid-Ask Spread %77.2368.5082.1880.7577.65
Gamma HHI0.200.140.640.140.18
Net GEX4.4M-1.7M27.8M1.5M-1.7M
Net DEX-96.9M-178.3M-34.0M-54.2M-59.0M
Net VEX-1.2M-1.3M-1.2M-1.2M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.171.760.171.76
Total Volume1,940.4092317,1911,4812,653
Total OI41,681.54538,65645,09538,65645,095

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$195.72$195.0016.2%4.6%12.8%26.2%15.8%1.8%2.7%1.5M-54.2M-1.2M0.1780.75N/AN/A1,26122023,43715,219
2024-07-02$196.75$195.0016.1%4.6%12.9%25.3%15.7%1.7%2.7%2.4M-69.5M-1.2M0.2782.18N/AN/A1,24233024,13015,343
2024-07-03$196.14$195.0015.9%4.6%12.4%23.1%16.1%1.2%3.3%2.3M-68.9M-1.3M0.7281.75N/AN/A1349724,59615,459
2024-07-05$196.26$200.0015.6%5.4%11.9%20.8%18.7%2.1%-0.2%2.1M-64.5M-1.2M0.4773.65N/AN/A33415824,71615,503
2024-07-08$195.04$200.0016.8%5.5%11.9%31.8%19.2%1.6%-0.6%1.2M-48.7M-1.2M0.6869.76N/AN/A48633124,73315,535
2024-07-09$194.19$200.0016.4%5.3%11.3%28.6%18.3%2.6%-0.3%628.7K-38.8M-1.2M0.2677.46N/AN/A82121324,87715,587
2024-07-10$193.99$200.0019.0%5.5%11.3%53.5%18.8%2.2%-0.4%544.4K-34.5M-1.2M0.3575.02N/AN/A83829725,21215,643
2024-07-11$196.09$195.0019.2%5.5%12.1%55.1%19.2%1.9%-0.4%2.5M-69.3M-1.2M1.3578.54N/AN/A47163625,65715,747
2024-07-12$193.95$195.0018.7%5.4%11.5%49.9%19.8%2.1%-0.5%941.5K-34.0M-1.2M0.4975.04N/AN/A1,46672125,75315,493
2024-07-15$196.99$195.0019.5%5.6%12.9%57.6%19.1%1.8%-0.7%4.0M-92.2M-1.2M0.2577.16N/AN/A1,48337826,21015,633
2024-07-16$197.14$195.0019.7%5.6%12.8%59.7%19.8%1.7%-1.4%4.5M-109.6M-1.2M0.3477.41N/AN/A1,40748527,18515,677
2024-07-17$201.04$200.0019.9%5.7%14.5%61.5%19.6%1.7%-0.8%8.4M-178.3M-1.2M0.4377.18N/AN/A1,34058127,81815,811
2024-07-18$200.46$195.0020.3%5.8%14.5%65.1%20.4%2.0%-0.7%9.5M-172.7M-1.2M0.3477.26N/AN/A1,24341728,14115,914
2024-07-19$199.83$195.0021.3%6.1%14.4%74.7%21.4%2.5%-1.3%27.8M-157.0M-1.2M0.8078.28N/AN/A3,9973,19428,40015,911
2024-07-22$199.53$200.0021.1%6.0%12.1%73.1%22.4%2.3%-2.0%4.5M-126.2M-1.3M1.0578.00N/AN/A78382025,09013,803
2024-07-23$197.41$200.0022.3%6.4%12.7%85.0%21.9%2.2%-2.6%3.5M-104.1M-1.3M0.4068.50N/AN/A2,48598525,60114,383
2024-07-24$197.49$200.0020.4%5.8%12.5%66.4%20.8%1.2%-1.1%3.3M-110.6M-1.3M1.6677.75N/AN/A8951,48826,42815,009
2024-07-25$200.12$200.0019.1%5.5%13.0%53.9%19.1%1.4%-0.7%5.1M-140.9M-1.3M0.1880.63N/AN/A1,70630326,42315,255
2024-07-26$200.04$200.0018.3%5.2%13.1%45.9%19.3%1.4%-0.5%6.2M-150.7M-1.3M1.5580.58N/AN/A9531,47427,33115,346
2024-07-29$198.88$200.0018.8%5.4%13.2%50.7%19.2%1.7%-1.3%4.8M-139.1M-1.3M0.9977.29N/AN/A43743427,89116,002
2024-07-30$196.93$200.0019.1%5.5%13.6%54.3%18.4%2.3%-1.2%2.7M-109.5M-1.3M1.6377.30N/AN/A1,0241,66827,91916,078
2024-07-31$193.63$200.0017.7%5.1%14.8%40.3%22.0%2.9%0.0%-1.7M-59.0M-1.3M1.7677.65N/AN/A9621,69127,86917,226