COMM Options History — April 2020

In April 2020, COMM traded between $8.43 and $11.64. ATM implied volatility averaged 97.4%, placing in the 44.8% IV rank vs the trailing year. The 30-day expected move averaged 27.9%. IV traded below realized volatility by 15.2% (HV 20d: 112.6%). Max pain ranged from $9.00 to $12.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2020-04-15: Highest Volume — 2,337 contracts
  • 2020-04-24: Largest IV drop — 11.6% change
  • 2020-04-01: Highest IV Rank — 54.5%
  • 2020-04-01: Largest Expected Move — 32.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.04$8.43$11.64$8.43$11.06
Max Pain$10.14$9.00$12.00$9.00$10.00
ATM IV97.4%83.8%112.3%112.3%93.9%
Expected Move27.9%24.0%32.2%32.2%26.9%
HV 20d112.6%68.7%152.6%152.3%68.7%
HV 60d104.1%100.2%106.8%100.7%106.8%
IV Rank44.8%36.1%54.5%54.5%42.6%
IV Percentile89.0%84.1%94.8%94.8%85.7%
Term Structure-15.2%-24.0%-8.1%-8.1%-24.0%
VWIV89.4%67.2%109.4%109.4%92.4%
Skew 25d22.1%7.5%43.7%18.8%7.5%
Skew 10d53.4%-3.7%99.5%41.5%16.5%
Call IV 25d86.7%70.4%103.4%103.4%92.4%
Put IV 25d108.9%90.7%124.3%122.3%99.9%
Bid-Ask Spread %78.6238.4894.4394.4342.98
Gamma HHI0.180.150.290.170.18
Net GEX31.8K-17.0K91.9K-17.0K35.7K
Net DEX-119.5K-2.0M2.4M2.4M-672.0K
Net VEX-51.2K-58.4K-41.6K-41.6K-54.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.003.610.033.61
Total Volume741.143412,337740175
Total OI27,166.8123,78729,91827,21825,094

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$8.43$9.00112.3%32.2%152.3%54.5%109.4%18.8%-8.1%-17.0K2.4M-41.6K0.0394.43N/AN/A7162414,07013,148
2020-04-02$8.59$12.00111.5%30.6%152.6%50.9%99.1%22.8%-10.6%-8.4K1.8M-44.5K0.0392.00N/AN/A2,2156114,19213,148
2020-04-03$8.48$10.00108.2%31.9%152.6%53.8%67.2%15.9%-15.7%7.7K1.1M-46.7K0.5793.51N/AN/A36720816,22513,207
2020-04-06$9.48$10.0099.5%28.3%152.6%45.8%87.3%22.7%-17.4%31.9K-44.6K-52.1K0.0289.28N/AN/A345816,20013,318
2020-04-07$9.77$10.0096.4%27.6%148.9%44.2%78.1%21.5%-14.7%42.9K-787.3K-53.5K3.2092.74N/AN/A4741,51516,31013,323
2020-04-08$9.93$10.0098.2%28.1%144.3%45.4%91.1%43.7%-18.2%51.8K-1.0M-54.2K0.0494.36N/AN/A156716,35813,470
2020-04-09$10.41$10.00101.3%29.0%133.4%47.4%84.8%10.0%-17.8%68.0K-2.0M-55.0K0.3590.84N/AN/A2609016,35613,476
2020-04-13$10.09$10.00107.8%30.9%134.1%51.6%107.0%28.2%-20.6%54.9K-1.2M-52.5K0.8686.89N/AN/A1139716,20713,557
2020-04-14$10.32$10.0097.2%27.9%134.1%44.7%96.4%30.3%-13.9%83.6K-1.6M-53.2K0.1193.28N/AN/A1,22113116,30613,612
2020-04-15$9.80$10.0096.1%27.6%132.0%44.1%93.7%22.1%-12.9%51.9K-48.0K-49.0K0.0088.75N/AN/A2,328915,72213,681
2020-04-16$9.81$11.0094.2%27.0%118.3%42.8%81.9%26.1%-10.0%91.9K444.3K-47.5K0.4381.37N/AN/A1235315,25313,688
2020-04-17$10.35$11.0094.1%27.0%100.6%42.8%97.0%24.5%-14.8%10.9K-1.2M-50.1K0.1088.89N/AN/A1,59416015,20513,689
2020-04-20$10.01$10.0094.8%27.2%102.4%43.2%103.0%26.9%-14.7%5.6K906.8K-48.9K1.5976.96N/AN/A14122413,56110,226
2020-04-21$9.44$10.00104.5%30.0%105.6%49.5%96.5%23.8%-16.4%-2.6K1.5M-47.1K0.4976.71N/AN/A25512413,68310,426
2020-04-22$9.73$10.0093.1%26.7%73.2%42.1%90.8%27.9%-8.8%-1.3K1.4M-48.0K0.0079.82N/AN/A41013,79810,463
2020-04-23$10.20$10.0097.3%27.9%74.5%44.8%83.9%27.9%-9.6%10.1K511.8K-51.6K0.0072.63N/AN/A368013,81510,463
2020-04-24$10.69$10.0086.0%24.6%72.7%37.5%80.3%22.3%-14.9%18.2K-100.4K-53.3K0.8460.68N/AN/A47640213,97910,463
2020-04-27$11.24$10.0091.0%26.1%73.4%40.8%79.5%15.7%-20.4%35.8K-1.0M-57.3K0.0654.52N/AN/A2501414,18210,616
2020-04-28$11.30$10.0083.8%24.0%69.4%36.1%76.7%10.8%-16.9%45.6K-1.1M-56.9K0.4861.98N/AN/A1497214,33410,619
2020-04-29$11.64$10.0084.7%24.3%69.6%36.7%81.1%15.6%-19.0%50.7K-1.7M-58.4K0.0438.48N/AN/A5742414,40110,659
2020-04-30$11.06$10.0093.9%26.9%68.7%42.6%92.4%7.5%-24.0%35.7K-672.0K-54.8K3.6142.98N/AN/A3813714,43610,658