CME Options History — August 2024

In August 2024, CME traded between $196.63 and $215.19. ATM implied volatility averaged 18.2%, placing in the 33.9% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 0.6% (HV 20d: 17.6%). Max pain ranged from $195.00 to $200.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.95.

Notable Days

  • 2024-08-02: Highest Volume — 3,603 contracts
  • 2024-08-05: Largest IV spike — 34.9% change
  • 2024-08-05: Highest IV Rank — 100.0%
  • 2024-08-05: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$207.04$196.63$215.19$196.63$215.19
Max Pain$199.77$195.00$200.00$195.00$200.00
ATM IV18.2%14.2%28.2%20.6%14.2%
Expected Move5.1%4.1%7.3%5.9%4.1%
HV 20d17.6%15.8%19.6%15.8%16.3%
HV 60d15.8%14.8%16.9%15.8%15.1%
IV Rank33.9%5.0%100.0%68.8%5.0%
IV Percentile38.8%0.8%100.0%79.4%0.8%
Term Structure0.6%-1.6%1.7%-1.6%1.7%
VWIV18.4%15.0%25.5%20.3%15.0%
Skew 25d2.9%0.9%5.2%1.1%3.2%
Skew 10d6.5%2.8%10.4%3.2%5.0%
Call IV 25d17.0%13.8%23.3%20.1%13.8%
Put IV 25d19.9%17.0%28.5%21.3%17.0%
Bid-Ask Spread %75.8668.8282.3078.7078.36
Gamma HHI0.320.160.570.170.35
Net GEX10.2M1.5M17.7M1.5M14.3M
Net DEX-216.8M-298.7M-101.7M-101.7M-293.8M
Net VEX-1.2M-1.4M-1.1M-1.3M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.112.590.410.45
Total Volume1,575.1825433,6032,192777
Total OI44,748.40939,99148,83146,13144,064

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-08-01$196.63$195.0020.6%5.9%15.8%68.8%20.3%1.1%-1.6%1.5M-101.7M-1.3M0.4178.70N/AN/A1,55264028,15517,976
2024-08-02$198.98$200.0020.9%6.0%16.4%71.4%22.0%0.9%-0.1%4.0M-133.4M-1.4M2.0182.30N/AN/A1,1982,40528,26518,092
2024-08-05$197.38$200.0028.2%7.3%16.5%100.0%25.5%5.2%-0.8%4.4M-120.9M-1.4M1.8075.02N/AN/A6681,20428,61017,125
2024-08-06$203.52$200.0023.6%6.1%19.5%68.5%20.5%3.6%0.1%9.3M-195.6M-1.4M0.5577.20N/AN/A62334228,83817,053
2024-08-07$205.56$200.0021.1%6.0%19.6%52.0%21.0%3.7%0.5%10.7M-222.8M-1.4M0.4775.61N/AN/A1,67378829,01717,134
2024-08-08$205.09$200.0020.3%5.5%19.5%46.3%23.0%3.4%0.7%11.1M-211.5M-1.3M2.5971.02N/AN/A4141,07129,09717,398
2024-08-09$206.25$200.0017.9%5.2%18.9%29.9%19.9%3.1%1.1%12.3M-228.1M-1.3M0.9175.61N/AN/A95587029,15818,173
2024-08-12$207.04$200.0020.4%5.3%18.3%47.0%20.3%3.3%0.5%14.1M-231.2M-1.3M0.5275.86N/AN/A79141529,19418,741
2024-08-13$207.09$200.0018.7%5.1%18.3%35.2%18.0%3.5%0.8%14.8M-228.5M-1.3M0.4577.27N/AN/A68230428,85619,169
2024-08-14$207.84$200.0017.1%4.9%17.1%24.9%17.8%3.5%0.8%17.7M-233.2M-1.2M0.3579.11N/AN/A78927728,96619,277
2024-08-15$205.39$200.0016.2%4.6%17.7%18.6%16.7%2.8%0.9%9.1M-201.8M-1.2M0.7675.79N/AN/A98274429,08719,329
2024-08-16$207.66$200.0015.9%4.6%18.0%16.8%17.1%2.3%0.6%7.3M-220.4M-1.2M1.5875.02N/AN/A58993329,28419,547
2024-08-19$208.91$200.0015.6%4.5%18.0%14.3%16.7%2.2%0.6%8.8M-219.2M-1.2M1.1470.26N/AN/A76687525,28714,704
2024-08-20$208.66$200.0016.2%4.6%17.4%18.3%17.7%2.4%0.4%8.9M-219.4M-1.2M1.9768.82N/AN/A18336025,62214,585
2024-08-21$208.78$200.0015.0%4.3%17.4%10.7%15.4%2.8%1.5%9.4M-220.4M-1.2M0.1174.93N/AN/A1,94222325,68414,546
2024-08-22$209.67$200.0016.3%4.7%17.0%18.9%16.3%3.9%1.1%10.5M-232.0M-1.2M0.1278.85N/AN/A8309926,82814,605
2024-08-23$207.07$200.0015.0%4.3%17.7%10.4%16.5%2.4%1.5%9.2M-202.0M-1.2M2.0976.13N/AN/A40684827,04614,656
2024-08-26$207.83$200.0015.5%4.4%17.5%13.8%15.8%2.0%1.0%9.5M-211.8M-1.2M0.8173.31N/AN/A37730627,00415,251
2024-08-27$212.02$200.0016.6%4.8%18.0%21.3%16.6%2.3%0.4%12.1M-261.0M-1.2M0.4075.27N/AN/A99239927,18115,321
2024-08-28$214.78$200.0018.2%5.2%16.5%32.0%17.5%2.6%0.1%13.4M-298.7M-1.1M0.2373.70N/AN/A2,79863327,46615,364
2024-08-29$213.55$200.0016.7%4.8%16.5%21.7%15.7%3.0%0.5%13.0M-281.7M-1.2M1.2380.88N/AN/A41751428,05515,655
2024-08-30$215.19$200.0014.2%4.1%16.3%5.0%15.0%3.2%1.7%14.3M-293.8M-1.2M0.4578.36N/AN/A53524228,14815,916