COMM Options History — March 2019

In March 2019, COMM traded between $20.89 and $23.54. ATM implied volatility averaged 31.5%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 8.2% (HV 20d: 23.2%). Max pain ranged from $21.00 to $24.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 8.96.

Notable Days

  • 2019-03-08: Highest Volume — 3,362 contracts
  • 2019-03-22: Largest IV spike — 17.9% change
  • 2019-03-22: Highest IV Rank — 27.4%
  • 2019-03-25: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.89$20.89$23.54$23.54$21.76
Max Pain$21.86$21.00$24.00$24.00$21.00
ATM IV31.5%27.8%35.9%33.5%27.8%
Expected Move10.9%8.7%12.2%9.6%11.5%
HV 20d23.2%20.4%25.3%20.9%24.0%
HV 60d31.8%29.0%33.5%33.5%29.0%
IV Rank22.4%16.7%27.4%26.6%16.7%
IV Percentile41.6%34.1%46.8%45.2%34.1%
Term Structure8.1%-0.4%13.1%-0.4%13.1%
VWIV36.8%21.7%41.6%32.8%40.2%
Skew 25d3.6%1.4%5.5%5.5%1.4%
Skew 10d9.4%-4.0%19.6%17.9%5.7%
Call IV 25d29.9%27.0%32.9%32.9%27.0%
Put IV 25d33.6%28.4%38.4%38.4%28.4%
Bid-Ask Spread %77.7471.5582.0371.5577.68
Gamma HHI0.350.260.470.410.47
Net GEX-344.5K-580.2K-203.6K-562.5K-361.7K
Net DEX6.3M3.1M10.3M3.8M4.9M
Net VEX-19.6K-25.2K-12.4K-21.0K-25.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.960.1159.360.111.22
Total Volume701.09553,3621,152229
Total OI9,614.4297,63311,6479,82210,302

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$23.54$24.0033.5%9.6%20.9%26.6%32.8%5.5%-0.4%-562.5K3.8M-21.0K0.1171.55N/AN/A1,0351172,2537,569
2019-03-04$23.11$24.0035.9%10.3%22.6%25.4%34.7%4.3%6.0%-579.1K5.1M-18.7K21.3374.69N/AN/A61282,2777,562
2019-03-05$22.88$24.0034.5%9.9%23.2%24.4%33.0%3.7%6.3%-580.2K6.1M-18.3K3.7879.28N/AN/A361362,2787,675
2019-03-06$22.60$24.0030.4%8.7%23.9%22.8%21.7%4.2%6.1%-558.2K7.3M-16.4K59.3679.52N/AN/A362,1372,2787,677
2019-03-07$22.12$24.0034.3%9.8%25.3%23.6%28.8%5.0%7.1%-364.5K7.6M-14.0K0.9480.53N/AN/A4574282,2787,156
2019-03-08$21.79$24.0033.2%9.5%25.2%22.5%28.6%3.0%8.1%-268.9K8.4M-12.4K7.0282.03N/AN/A4192,9432,1417,116
2019-03-11$21.99$21.0032.6%11.1%25.2%25.2%0.0%3.0%6.2%-389.0K9.9M-20.7K0.7574.72N/AN/A862,1569,441
2019-03-12$22.06$21.0031.6%11.1%24.4%23.4%0.0%4.2%6.9%-409.9K9.9M-20.2K1.5075.37N/AN/A232,1569,441
2019-03-13$21.95$21.0029.4%10.8%24.1%19.6%0.0%3.5%8.5%-342.2K10.2M-19.7K50.2576.24N/AN/A42012,1589,440
2019-03-14$21.89$21.0029.4%10.9%23.4%19.6%38.8%3.9%8.9%-360.1K10.1M-19.2K1.2876.81N/AN/A1592032,1679,343
2019-03-15$21.82$21.0030.3%10.8%23.4%21.2%41.6%3.2%7.5%-203.6K10.3M-19.1K3.1878.68N/AN/A1685342,3039,344
2019-03-18$21.88$21.0030.3%11.1%21.6%21.1%39.5%4.2%7.9%-223.4K3.1M-19.8K6.7579.06N/AN/A8541,6785,955
2019-03-19$21.69$21.0028.6%10.7%20.6%18.2%37.3%3.4%8.9%-233.8K3.3M-19.4K0.3476.90N/AN/A58201,6866,008
2019-03-20$21.28$21.0033.2%11.5%20.4%26.1%39.6%3.5%7.5%-221.3K3.8M-19.4K0.5179.12N/AN/A158811,7166,023
2019-03-21$21.91$21.0028.8%11.1%23.5%18.5%40.3%3.8%9.8%-221.9K3.1M-19.7K5.4178.29N/AN/A1991,0761,8176,072
2019-03-22$21.24$21.0033.9%11.8%24.7%27.4%40.8%2.9%7.8%-267.8K4.8M-22.7K10.5677.97N/AN/A1021,0771,8307,074
2019-03-25$20.89$21.0031.4%12.2%24.0%23.1%41.6%3.6%10.9%-266.5K5.4M-21.4K3.3976.48N/AN/A511731,8277,073
2019-03-26$20.97$21.0030.9%12.0%23.7%22.1%41.6%1.8%11.3%-274.2K5.0M-21.6K1.3480.25N/AN/A1221641,8286,989
2019-03-27$20.97$21.0030.4%12.1%21.5%21.2%41.3%2.8%12.0%-267.9K5.0M-21.6K1.0878.50N/AN/A1321431,8987,011
2019-03-28$21.35$21.0030.7%11.9%22.5%21.8%41.1%5.4%10.2%-277.3K4.5M-21.0K8.1478.89N/AN/A1871,5231,8957,012
2019-03-29$21.76$21.0027.8%11.5%24.0%16.7%40.2%1.4%13.1%-361.7K4.9M-25.2K1.2277.68N/AN/A1031261,8908,412