COMM Options History — March 2021

In March 2021, COMM traded between $14.22 and $16.80. ATM implied volatility averaged 48.3%, placing in the 2.3% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded below realized volatility by 5.5% (HV 20d: 53.8%). Max pain ranged from $14.00 to $16.00. Net GEX was positive for 14 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 1.05.

Notable Days

  • 2021-03-23: Highest Volume — 22,639 contracts
  • 2021-03-08: Largest IV spike — 12.5% change
  • 2021-03-04: Highest IV Rank — 6.3%
  • 2021-03-04: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.56$14.22$16.80$15.27$15.51
Max Pain$15.30$14.00$16.00$14.00$16.00
ATM IV48.3%40.9%54.4%51.7%40.9%
Expected Move13.9%11.7%15.9%14.8%11.7%
HV 20d53.8%39.5%64.8%58.8%47.4%
HV 60d47.4%44.6%49.9%44.6%49.2%
IV Rank2.3%0.0%6.3%3.4%0.0%
IV Percentile3.6%0.0%20.6%4.8%0.0%
Term Structure6.8%-0.9%10.2%-0.9%10.2%
VWIV48.8%41.4%56.4%49.8%41.4%
Skew 25d1.3%-2.5%4.7%4.5%1.5%
Skew 10d5.0%-14.1%25.8%0.9%6.4%
Call IV 25d48.8%41.9%56.9%49.4%41.9%
Put IV 25d50.1%43.4%58.8%53.9%43.4%
Bid-Ask Spread %51.4719.1683.4174.8830.02
Gamma HHI0.430.170.650.550.49
Net GEX-40.9K-931.5K429.3K318.4K-931.5K
Net DEX-5.9M-15.2M7.9M-8.8M5.0M
Net VEX-61.1K-176.0K-28.3K-31.1K-176.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.016.500.030.12
Total Volume3,082.4789622,63966696
Total OI25,012.1312,39160,59713,41060,597

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$15.27$14.0051.7%14.8%58.8%3.4%49.8%4.5%-0.9%318.4K-8.8M-31.1K0.0374.88N/AN/A6491711,3272,083
2021-03-02$14.91$14.0050.4%14.5%57.0%2.5%50.9%0.9%-0.3%325.4K-7.8M-30.4K0.5871.85N/AN/A1086311,3632,067
2021-03-03$14.89$14.0051.0%14.6%57.0%2.9%50.8%4.7%0.6%331.6K-7.7M-29.7K0.5553.63N/AN/A19210611,4112,109
2021-03-04$14.22$15.0054.4%15.9%58.5%6.3%56.4%1.9%7.3%274.7K-5.5M-28.5K0.0968.35N/AN/A2101811,5502,216
2021-03-05$14.57$15.0048.1%14.8%59.3%3.5%51.7%2.0%7.3%337.0K-6.4M-29.0K0.0152.38N/AN/A129111,7012,228
2021-03-08$15.26$15.0054.1%15.4%61.7%4.9%53.8%0.0%6.1%389.4K-9.0M-29.5K0.1537.18N/AN/A4065911,7452,229
2021-03-09$15.39$15.0050.0%14.7%61.7%3.0%50.8%2.0%7.0%429.3K-9.8M-29.3K0.1419.16N/AN/A2032812,0102,253
2021-03-10$15.65$15.0050.6%14.5%62.0%2.7%51.8%1.7%6.7%416.2K-10.9M-30.0K0.2459.89N/AN/A78418612,1012,246
2021-03-11$16.52$15.0051.0%14.6%64.8%3.0%50.7%1.8%8.0%342.2K-14.6M-28.3K0.7647.87N/AN/A2,0101,52412,5242,415
2021-03-12$16.71$15.0050.8%14.6%64.4%2.8%51.9%0.4%7.1%239.3K-15.2M-29.9K6.5066.22N/AN/A7684,99513,1583,683
2021-03-15$16.76$15.0051.9%14.9%64.0%3.6%52.5%2.2%5.2%46.1K-14.5M-32.5K0.1230.90N/AN/A5646713,1366,805
2021-03-16$16.80$15.0049.5%14.2%63.8%1.8%50.0%1.4%7.8%137.5K-14.3M-33.2K0.6840.00N/AN/A15910813,3926,791
2021-03-17$16.71$15.0048.9%14.0%39.5%1.4%49.8%-1.3%9.7%43.7K-14.2M-31.8K0.9970.23N/AN/A11511413,1566,805
2021-03-18$16.05$16.0051.3%14.7%42.6%3.2%51.5%-0.5%6.7%8.1K-11.3M-31.9K0.4844.00N/AN/A1,16556313,0726,888
2021-03-19$15.88$16.0048.2%13.8%43.0%1.1%48.1%1.5%8.5%-127.1K-9.6M-30.5K0.2228.20N/AN/A53011712,1846,549
2021-03-22$15.69$16.0044.7%12.8%43.5%0.0%45.3%0.9%9.8%-15.6K-3.3M-28.7K2.0250.75N/AN/A3547167,6554,736
2021-03-23$14.78$16.0043.1%12.4%49.5%0.0%43.6%1.8%9.7%-68.5K-726.8K-29.0K4.5983.41N/AN/A4,05218,5877,7805,440
2021-03-24$14.68$16.0042.9%12.3%46.6%0.0%42.9%-0.9%9.6%-611.6K7.9M-68.4K0.9973.96N/AN/A7,3947,32710,84219,015
2021-03-25$15.35$16.0044.5%12.8%49.1%1.8%44.8%1.9%9.0%-628.8K3.4M-152.2K1.3344.46N/AN/A2,6153,47520,92129,009
2021-03-26$15.65$16.0043.6%12.5%49.3%0.8%43.8%2.6%7.7%-574.7K728.4K-166.4K0.5743.40N/AN/A844823,34830,451
2021-03-29$15.27$16.0045.9%13.2%48.0%3.6%47.7%-2.5%5.6%-707.6K4.0M-156.9K2.7362.48N/AN/A2,6757,31523,37830,460
2021-03-30$15.27$16.0044.1%12.7%47.1%1.5%43.5%2.2%7.9%-914.9K7.7M-172.7K0.3630.64N/AN/A1485323,50936,941
2021-03-31$15.51$16.0040.9%11.7%47.4%0.0%41.4%1.5%10.2%-931.5K5.0M-176.0K0.1230.02N/AN/A861023,62636,971