COMM Options History — January 2023

In January 2023, COMM traded between $7.41 and $9.21. ATM implied volatility averaged 69.5%, placing in the 35.6% IV rank vs the trailing year. The 30-day expected move averaged 21.0%. IV traded above realized volatility by 6.3% (HV 20d: 63.1%). Max pain ranged from $7.00 to $9.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.59.

Notable Days

  • 2023-01-13: Highest Volume — 11,858 contracts
  • 2023-01-11: Largest IV spike — 39.4% change
  • 2023-01-30: Highest IV Rank — 56.9%
  • 2023-01-30: Largest Expected Move — 25.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.14$7.41$9.21$7.41$8.34
Max Pain$8.80$7.00$9.00$7.00$9.00
ATM IV69.5%49.9%87.2%62.7%86.8%
Expected Move21.0%17.8%25.0%18.0%24.9%
HV 20d63.1%45.4%76.4%52.9%70.8%
HV 60d84.2%80.5%86.8%80.8%86.8%
IV Rank35.6%22.3%56.9%24.6%56.3%
IV Percentile62.6%33.7%92.1%36.9%91.3%
Term Structure-6.1%-13.4%16.0%16.0%-13.0%
VWIV71.4%53.7%88.5%55.4%88.5%
Skew 25d4.5%-0.3%12.0%4.5%3.7%
Skew 10d13.3%-15.8%38.5%5.6%23.0%
Call IV 25d69.3%48.8%86.3%50.6%86.3%
Put IV 25d73.8%55.1%90.1%55.1%90.1%
Bid-Ask Spread %48.8212.9167.4740.0456.20
Gamma HHI0.420.170.780.540.18
Net GEX532.7K107.8K1.2M521.9K154.6K
Net DEX-14.2M-38.5M-2.8M-7.3M-4.5M
Net VEX-47.3K-54.2K-39.0K-47.9K-47.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.590.0011.251.075.26
Total Volume2,27915611,8584,2542,730
Total OI91,806.932,100132,345113,52037,119

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$7.41$7.0062.7%18.0%52.9%24.6%55.4%4.5%16.0%521.9K-7.3M-47.9K1.0740.04N/AN/A2,0582,196108,4195,101
2023-01-04$7.47$7.0062.1%17.8%49.6%22.3%53.7%10.8%12.2%589.6K-8.1M-49.0K0.0855.04N/AN/A66852109,7325,106
2023-01-05$7.41$9.0059.8%20.9%49.5%38.0%73.5%4.1%-4.8%574.3K-7.2M-46.9K1.1846.03N/AN/A277328110,3615,157
2023-01-06$7.66$9.0053.0%20.1%50.8%34.0%64.6%3.6%-5.8%730.7K-9.9M-51.0K0.4163.92N/AN/A1,362559110,3895,399
2023-01-09$7.63$9.0052.4%20.9%48.5%34.2%72.9%1.8%-9.7%758.2K-8.3M-45.4K0.0461.28N/AN/A4,159184111,3895,613
2023-01-10$7.58$9.0049.9%20.7%46.1%33.2%69.7%5.6%-8.5%874.8K-8.3M-45.7K0.1054.11N/AN/A17417115,4195,771
2023-01-11$7.42$9.0069.6%20.0%45.4%29.2%70.1%1.5%-5.6%715.6K-6.4M-40.5K0.0064.90N/AN/A2,6281115,4335,788
2023-01-12$8.45$9.0069.0%19.8%65.6%28.3%70.4%4.3%-3.9%1.2M-25.0M-54.2K0.1761.59N/AN/A3,678621116,9125,817
2023-01-13$9.21$9.0077.3%22.2%72.0%41.4%75.7%4.5%-12.7%884.0K-38.0M-53.5K0.1654.82N/AN/A10,1821,676116,9036,307
2023-01-17$9.11$9.0072.3%20.7%70.0%33.4%71.1%4.7%-9.5%861.6K-37.6M-53.8K0.0641.35N/AN/A1,19577123,3127,627
2023-01-18$9.14$9.0070.9%20.3%67.8%31.2%70.8%4.7%-7.8%833.2K-38.5M-53.5K0.6654.91N/AN/A249165123,8117,634
2023-01-19$8.82$9.0074.8%21.5%65.8%37.4%69.3%5.1%-8.5%909.9K-32.5M-48.5K0.0046.10N/AN/A1,5680123,7177,701
2023-01-20$8.80$9.0067.1%19.2%65.9%25.3%65.8%3.1%-2.8%179.2K-30.2M-47.1K0.0644.82N/AN/A2,410138124,6447,701
2023-01-23$8.55$9.0069.9%20.0%67.4%29.6%70.3%2.5%-9.2%176.3K-5.3M-45.6K0.1618.17N/AN/A1,54224928,2953,805
2023-01-24$7.78$9.0075.4%21.6%76.4%38.3%74.4%2.4%-7.7%121.4K-3.3M-39.0K11.2567.47N/AN/A1491,67629,4333,968
2023-01-25$7.83$9.0078.7%22.6%76.3%43.5%78.1%-0.3%-13.4%111.8K-2.9M-41.6K0.1046.77N/AN/A4084029,4335,480
2023-01-26$7.89$9.0073.8%21.2%76.2%35.9%71.9%3.1%-4.9%107.8K-2.8M-41.7K0.0012.91N/AN/A800329,8255,501
2023-01-27$8.07$9.0076.2%21.8%74.3%39.6%76.1%12.0%-8.0%142.0K-4.0M-47.0K0.8434.93N/AN/A857130,5555,500
2023-01-30$8.25$9.0087.2%25.0%70.8%56.9%86.4%8.5%-13.3%159.1K-4.5M-46.2K10.2651.06N/AN/A1071,09830,5305,531
2023-01-31$8.34$9.0086.8%24.9%70.8%56.3%88.5%3.7%-13.0%154.6K-4.5M-47.5K5.2656.20N/AN/A4362,29430,5496,570