CME Options History — October 2024

In October 2024, CME traded between $220.68 and $229.25. ATM implied volatility averaged 19.1%, placing in the 35.1% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 6.2% (HV 20d: 12.9%). Max pain ranged from $200.00 to $210.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.43.

Notable Days

  • 2024-10-02: Highest Volume — 4,581 contracts
  • 2024-10-07: Largest IV spike — 24.9% change
  • 2024-10-15: Highest IV Rank — 53.6%
  • 2024-10-15: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$225.16$220.68$229.25$224.97$225.48
Max Pain$206.52$200.00$210.00$210.00$210.00
ATM IV19.1%15.8%21.7%18.2%19.9%
Expected Move5.6%4.9%6.2%5.2%5.7%
HV 20d12.9%11.5%14.9%14.9%11.7%
HV 60d15.4%13.6%16.3%16.1%13.6%
IV Rank35.1%11.3%53.6%28.3%40.9%
IV Percentile58.5%2.8%92.5%41.7%75.4%
Term Structure-0.5%-1.6%3.1%3.1%-1.3%
VWIV20.0%17.7%22.4%17.7%22.4%
Skew 25d2.7%1.6%3.6%2.5%3.3%
Skew 10d6.0%3.5%7.8%5.7%6.2%
Call IV 25d18.6%15.9%20.0%15.9%19.6%
Put IV 25d21.4%18.4%23.1%18.4%22.8%
Bid-Ask Spread %79.1165.0085.1076.4885.10
Gamma HHI0.400.250.590.510.28
Net GEX20.1M12.9M27.3M23.1M14.6M
Net DEX-403.1M-491.2M-354.9M-458.7M-354.9M
Net VEX-1.1M-1.2M-978.6K-1.2M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.100.930.220.25
Total Volume1,926.873544,5813,211551
Total OI48,756.21743,61453,82149,10947,412

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-10-01$224.97$210.0018.2%5.2%14.9%28.3%17.7%2.5%3.1%23.1M-458.7M-1.2M0.2276.48N/AN/A2,63557632,58416,525
2024-10-02$222.73$210.0018.3%5.2%14.4%29.3%18.3%3.5%2.3%22.7M-408.0M-1.2M0.1081.20N/AN/A4,15742431,85116,717
2024-10-03$224.07$200.0017.3%6.2%13.6%22.4%21.1%3.3%-1.3%20.5M-415.4M-1.2M0.7179.69N/AN/A85260931,18716,777
2024-10-04$223.76$200.0015.8%5.8%13.5%11.3%19.2%2.8%-0.8%22.4M-409.4M-1.2M0.1580.09N/AN/A1,22017731,47316,852
2024-10-07$221.56$200.0019.7%6.1%13.4%39.3%20.8%3.5%-0.7%22.4M-373.6M-1.2M0.5479.54N/AN/A1,54583632,15916,933
2024-10-08$221.67$200.0018.8%5.9%13.3%32.8%21.1%3.1%-0.3%23.7M-378.9M-1.2M0.8281.53N/AN/A57046932,72917,210
2024-10-09$220.68$200.0020.2%5.8%13.3%42.6%20.6%3.2%-0.7%24.7M-365.4M-1.2M0.3182.01N/AN/A91127932,92717,475
2024-10-10$221.40$200.0020.3%5.8%13.3%43.9%20.3%3.4%-0.9%25.6M-377.3M-1.2M0.7279.94N/AN/A34424633,23617,686
2024-10-11$221.54$200.0020.0%5.7%13.3%41.0%19.7%3.6%-0.7%27.3M-375.4M-1.2M0.8183.57N/AN/A19615833,36417,782
2024-10-14$223.94$200.0021.4%6.1%13.5%51.3%21.3%3.2%-1.6%25.4M-426.0M-1.1M0.5381.86N/AN/A62332933,27817,832
2024-10-15$224.72$210.0021.7%6.2%13.4%53.6%20.6%2.8%-1.2%24.6M-437.9M-1.1M0.1982.58N/AN/A77814433,44718,003
2024-10-16$227.05$210.0019.8%5.7%12.8%39.6%21.8%2.6%-0.9%24.1M-480.9M-1.0M0.1077.61N/AN/A2,53725633,78318,054
2024-10-17$227.52$210.0019.8%5.7%12.6%40.0%20.6%2.2%-0.9%23.1M-491.0M-1.0M0.4774.20N/AN/A2,9641,38534,29718,173
2024-10-18$228.42$210.0019.7%5.6%11.9%39.0%20.8%1.6%-0.7%19.9M-491.2M-1.0M0.2876.03N/AN/A2,58571634,61119,210
2024-10-21$227.32$210.0020.0%5.7%11.8%41.3%20.1%1.7%-1.5%12.9M-363.8M-1.1M0.2369.97N/AN/A2,07947328,34415,270
2024-10-22$225.97$210.0019.7%5.6%11.8%39.0%20.5%2.2%-1.3%13.3M-365.9M-978.6K0.6065.00N/AN/A2,2031,32428,79215,443
2024-10-23$227.36$210.0017.8%5.1%11.7%26.0%18.4%2.2%-0.2%14.8M-378.2M-1.1M0.2976.26N/AN/A2,44171729,78616,147
2024-10-24$229.25$210.0018.3%5.3%11.9%29.4%18.5%2.2%-0.4%15.5M-403.3M-1.0M0.3777.51N/AN/A1,48854430,08416,365
2024-10-25$225.75$210.0017.1%4.9%13.4%21.0%17.9%2.9%0.2%14.3M-356.3M-1.1M0.5082.30N/AN/A60630330,05716,486
2024-10-28$228.71$210.0018.1%5.2%13.8%28.1%19.1%2.1%-0.5%16.0M-397.3M-1.0M0.6681.46N/AN/A23715730,38416,537
2024-10-29$227.91$210.0018.7%5.4%12.1%32.3%20.1%2.8%-1.1%15.7M-386.1M-1.0M0.9383.77N/AN/A22520930,39416,604
2024-10-30$226.96$210.0019.0%5.5%11.5%34.4%19.6%2.5%-1.1%15.3M-376.3M-1.0M0.1381.84N/AN/A1,98525530,42616,707
2024-10-31$225.48$210.0019.9%5.7%11.7%40.9%22.4%3.3%-1.3%14.6M-354.9M-1.0M0.2585.10N/AN/A44210930,52816,884