COMM Options History — May 2021

In May 2021, COMM traded between $16.56 and $20.20. ATM implied volatility averaged 42.3%, placing in the 4.9% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 7.7% (HV 20d: 34.5%). Max pain ranged from $16.00 to $19.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.72.

Notable Days

  • 2021-05-11: Highest Volume — 29,599 contracts
  • 2021-05-06: Largest IV drop — 30.7% change
  • 2021-05-05: Highest IV Rank — 27.6%
  • 2021-05-05: Largest Expected Move — 17.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.21$16.56$20.20$16.63$20.20
Max Pain$17.70$16.00$19.00$17.00$18.00
ATM IV42.3%36.1%60.6%56.2%36.1%
Expected Move12.1%10.4%17.4%16.1%10.4%
HV 20d34.5%31.5%38.7%38.7%31.5%
HV 60d43.3%38.1%49.2%47.3%38.1%
IV Rank4.9%0.0%27.6%21.7%0.0%
IV Percentile7.7%0.0%53.6%39.7%0.0%
Term Structure0.8%-11.9%6.1%-10.7%1.0%
VWIV42.0%35.9%59.2%56.3%36.3%
Skew 25d-0.4%-5.1%1.9%-3.4%-0.6%
Skew 10d-0.0%-24.5%12.2%-18.0%10.5%
Call IV 25d42.3%35.5%58.9%58.9%37.2%
Put IV 25d41.9%33.6%58.2%55.6%36.6%
Bid-Ask Spread %49.6521.2271.4160.7321.22
Gamma HHI0.310.200.390.200.35
Net GEX-63.3K-683.0K832.4K-632.8K832.4K
Net DEX-19.7M-42.1M973.9K945.4K-42.1M
Net VEX-359.6K-436.1K-236.2K-249.0K-436.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.004.520.340.08
Total Volume3,083.259529,59995615
Total OI101,851.5582,475120,38182,501101,857

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$16.63$17.0056.2%16.1%38.7%21.7%56.3%-3.4%-10.7%-632.8K945.4K-249.0K0.3460.73N/AN/A712435,60346,898
2021-05-04$16.56$17.0057.5%16.5%38.3%23.6%57.9%0.6%-9.5%-639.3K973.9K-247.0K3.6559.28N/AN/A9233635,62746,909
2021-05-05$16.64$17.0060.6%17.4%38.2%27.6%59.2%1.0%-11.9%-644.2K131.8K-243.9K4.5271.41N/AN/A11552035,68346,939
2021-05-06$17.20$16.0041.9%11.9%33.9%1.9%41.2%-0.3%3.7%-607.4K-8.5M-240.8K0.1467.42N/AN/A2693835,74546,777
2021-05-07$18.23$16.0038.2%11.1%33.5%0.0%38.7%-1.6%3.0%-160.9K-19.1M-244.2K0.8056.81N/AN/A84167535,68346,792
2021-05-10$18.28$17.0041.8%11.3%33.5%1.0%40.0%-0.8%4.7%-156.3K-21.6M-236.2K0.9947.58N/AN/A6,5786,48035,80047,572
2021-05-11$17.87$19.0040.6%11.3%34.5%1.1%39.4%-0.7%6.0%-408.1K-15.6M-311.9K0.8642.60N/AN/A15,92413,67543,38754,894
2021-05-12$17.45$19.0042.1%12.1%35.7%4.7%42.0%-0.6%3.7%-683.0K-8.1M-412.9K0.8350.66N/AN/A35329453,42665,568
2021-05-13$17.88$18.0041.0%11.8%36.0%3.3%41.0%1.0%4.0%-476.6K-15.7M-422.4K0.0235.10N/AN/A151353,38665,784
2021-05-14$18.14$18.0039.1%11.2%35.7%0.7%39.2%0.6%6.1%-261.6K-21.2M-418.3K0.1468.26N/AN/A6188953,45065,785
2021-05-17$18.34$18.0041.4%11.9%35.7%3.7%41.4%0.7%4.0%-43.7K-23.8M-412.2K0.0941.48N/AN/A2182053,86065,868
2021-05-18$18.40$18.0040.6%11.6%33.7%2.7%39.5%-0.3%6.0%96.5K-25.5M-408.0K0.3639.33N/AN/A60221753,94365,884
2021-05-19$18.01$18.0040.7%11.7%34.6%2.8%41.5%-1.3%1.7%-216.3K-21.6M-409.2K0.1450.54N/AN/A1492154,50165,879
2021-05-20$18.38$18.0039.0%11.2%33.8%0.6%38.8%-0.2%3.7%354.1K-26.9M-403.8K0.3959.49N/AN/A1044154,47665,879
2021-05-21$18.70$18.0039.8%11.4%32.5%1.7%39.9%0.4%-0.8%333.8K-30.3M-418.3K0.2928.02N/AN/A2,92484054,48365,898
2021-05-24$18.90$18.0037.2%10.7%32.5%0.0%37.6%-5.1%0.5%433.9K-23.8M-417.6K0.3042.88N/AN/A39211849,99345,391
2021-05-25$18.93$18.0038.0%10.9%32.2%1.0%37.9%1.9%-0.1%447.6K-24.4M-413.2K0.1470.99N/AN/A1311950,25845,455
2021-05-26$19.45$18.0036.4%10.4%32.7%0.0%35.9%1.4%1.0%546.5K-30.2M-421.7K0.2455.57N/AN/A1413450,34445,465
2021-05-27$20.03$18.0036.9%10.6%33.5%0.7%36.7%-1.0%0.2%618.6K-37.0M-426.1K0.0023.69N/AN/A7,9023150,39445,495
2021-05-28$20.20$18.0036.1%10.4%31.5%0.0%36.3%-0.6%1.0%832.4K-42.1M-436.1K0.0821.22N/AN/A5704556,32245,535