CME Options History — November 2024

In November 2024, CME traded between $220.81 and $238.23. ATM implied volatility averaged 19.1%, placing in the 35.2% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 4.7% (HV 20d: 14.4%). Max pain ranged from $185.00 to $220.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2024-11-20: Highest Volume — 8,604 contracts
  • 2024-11-11: Largest IV spike — 28.0% change
  • 2024-11-05: Highest IV Rank — 78.4%
  • 2024-11-01: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$227.52$220.81$238.23$224.04$238.23
Max Pain$194.00$185.00$220.00$220.00$200.00
ATM IV19.1%16.9%25.2%21.5%17.2%
Expected Move5.2%4.7%6.2%6.2%4.9%
HV 20d14.4%11.6%16.7%11.9%16.3%
HV 60d14.2%13.7%15.0%13.7%13.9%
IV Rank35.2%19.2%78.4%51.8%21.4%
IV Percentile50.9%15.1%99.6%90.9%20.2%
Term Structure0.7%-2.0%2.3%-2.0%0.3%
VWIV18.2%12.9%21.7%21.7%12.9%
Skew 25d1.9%0.2%3.4%2.9%0.2%
Skew 10d5.0%1.7%8.9%5.0%2.1%
Call IV 25d17.5%16.0%19.5%19.5%17.4%
Put IV 25d19.3%17.6%22.4%22.4%17.6%
Bid-Ask Spread %82.9177.1686.7284.2082.59
Gamma HHI0.350.290.570.290.35
Net GEX18.7M10.7M29.1M14.9M28.2M
Net DEX-404.9M-621.5M-280.9M-342.0M-621.5M
Net VEX-1.1M-1.4M-855.5K-984.0K-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.042.060.800.09
Total Volume2,748.955568,6046711,646
Total OI51,480.743,95756,83747,52856,159

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-11-01$224.04$220.0021.5%6.2%11.9%51.8%21.7%2.9%-2.0%14.9M-342.0M-984.0K0.8084.20N/AN/A37329830,58216,946
2024-11-04$222.69$185.0023.4%5.8%11.6%65.3%20.5%3.4%0.4%13.5M-313.4M-1.0M1.3681.11N/AN/A30641730,60317,106
2024-11-05$224.08$185.0025.2%5.8%11.7%78.4%20.7%3.3%0.5%14.4M-340.6M-957.9K2.0680.95N/AN/A1,0212,10430,67117,270
2024-11-06$220.81$185.0018.8%5.1%12.8%32.8%17.3%2.7%1.8%11.7M-280.9M-981.4K0.1777.16N/AN/A2,12336730,88218,875
2024-11-07$222.74$185.0018.5%5.0%13.2%30.6%17.0%2.5%1.6%12.8M-324.8M-864.7K0.4882.65N/AN/A53125330,83118,897
2024-11-08$225.98$185.0017.2%4.7%14.1%21.4%16.6%2.1%1.6%17.0M-369.0M-862.4K0.5482.56N/AN/A1,52281731,05718,989
2024-11-11$226.24$185.0022.0%5.1%13.6%55.7%18.3%2.1%1.8%16.6M-372.9M-855.5K0.1884.04N/AN/A1,30022831,43519,294
2024-11-12$226.69$185.0023.5%5.0%13.6%66.5%19.3%1.9%1.6%18.1M-369.5M-904.8K0.0584.40N/AN/A2,32011031,60219,391
2024-11-13$228.20$185.0017.0%4.9%13.3%19.8%17.5%2.4%2.3%22.8M-399.6M-910.4K0.6686.35N/AN/A45630332,38119,426
2024-11-14$223.39$185.0017.3%5.0%15.3%22.5%18.6%2.4%0.9%10.7M-332.7M-887.8K0.7886.72N/AN/A1,8601,45432,47919,488
2024-11-15$225.74$195.0016.9%4.8%15.7%19.2%18.6%2.0%1.2%11.6M-370.3M-918.1K0.5780.87N/AN/A2,4061,38133,31620,380
2024-11-18$227.53$200.0017.0%4.9%15.9%20.0%17.2%2.2%0.3%14.2M-344.6M-928.3K0.2981.43N/AN/A43012628,15915,798
2024-11-19$228.84$200.0017.9%5.1%15.9%26.3%18.0%1.0%0.5%14.7M-368.2M-915.8K0.0482.47N/AN/A7,42233328,37415,822
2024-11-20$228.26$200.0017.9%5.1%15.8%26.8%18.4%1.4%0.7%21.3M-421.8M-1.2M0.1886.16N/AN/A7,2681,33635,57015,998
2024-11-21$226.96$200.0018.1%5.2%15.6%27.6%18.3%1.8%-0.7%22.4M-437.9M-1.4M0.2186.70N/AN/A73115140,04316,543
2024-11-22$228.92$200.0018.9%5.4%14.9%33.9%18.9%0.3%-0.7%24.7M-468.8M-1.4M0.2880.64N/AN/A2,12358640,27316,564
2024-11-25$229.09$200.0018.4%5.3%14.2%30.2%18.6%1.0%-0.0%25.4M-464.5M-1.4M0.7080.60N/AN/A1,20384039,95616,326
2024-11-26$234.70$200.0019.1%5.5%16.5%34.9%19.1%1.6%-0.0%28.8M-566.2M-1.4M0.3183.24N/AN/A4,2361,31239,86816,223
2024-11-27$237.34$200.0016.9%4.8%16.7%19.2%17.4%0.8%1.4%29.1M-589.2M-1.4M0.2983.27N/AN/A2,54174539,47316,564
2024-11-29$238.23$200.0017.2%4.9%16.3%21.4%12.9%0.2%0.3%28.2M-621.5M-1.3M0.0982.59N/AN/A1,50614039,67616,483