COMM Options History — March 2023

In March 2023, COMM traded between $5.96 and $7.83. ATM implied volatility averaged 58.8%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded below realized volatility by 18.3% (HV 20d: 77.1%). Max pain ranged from $7.00 to $8.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 8.06.

Notable Days

  • 2023-03-13: Highest Volume — 3,098 contracts
  • 2023-03-06: Largest IV spike — 14.4% change
  • 2023-03-15: Highest IV Rank — 23.1%
  • 2023-03-15: Largest Expected Move — 18.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.60$5.96$7.83$7.16$6.29
Max Pain$7.48$7.00$8.00$7.00$7.00
ATM IV58.8%49.4%64.4%60.2%55.2%
Expected Move16.6%14.1%18.5%17.3%15.8%
HV 20d77.1%49.9%90.6%82.0%50.6%
HV 60d70.5%69.2%72.0%69.3%70.9%
IV Rank12.7%0.0%23.1%14.3%9.0%
IV Percentile16.6%0.0%40.9%19.8%6.0%
Term Structure9.1%-3.5%18.4%-3.5%18.4%
VWIV56.3%42.8%71.7%60.1%57.3%
Skew 25d-0.2%-14.3%15.8%-5.5%-3.1%
Skew 10d9.3%-12.7%40.1%-8.1%5.7%
Call IV 25d53.6%31.4%62.4%54.1%57.8%
Put IV 25d53.4%37.4%67.7%48.6%54.6%
Bid-Ask Spread %71.5820.4194.4261.8776.41
Gamma HHI0.230.130.340.290.22
Net GEX93.6K-3.6K294.5K153.0K36.1K
Net DEX-839.9K-5.8M2.1M-1.7M-472.4K
Net VEX-37.3K-49.3K-30.6K-42.0K-38.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.060.00125.080.030.48
Total Volume830.609383,0981,140312
Total OI38,775.04331,27146,78638,47437,027

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$7.16$7.0060.2%17.3%82.0%14.3%60.1%-5.5%-3.5%153.0K-1.7M-42.0K0.0361.87N/AN/A1,1103030,8987,576
2023-03-02$7.74$7.0056.8%16.3%86.2%8.9%57.0%12.6%-2.1%259.4K-5.3M-48.9K0.0374.08N/AN/A6931831,8077,595
2023-03-03$7.83$7.0049.4%14.1%86.3%0.0%49.4%-5.3%3.1%294.5K-5.8M-49.3K0.0075.31N/AN/A287132,4017,608
2023-03-06$7.66$8.0056.5%15.2%86.2%5.7%53.8%6.8%7.7%268.0K-4.5M-46.6K0.0126.36N/AN/A1,2871232,6517,609
2023-03-07$7.33$8.0057.3%15.6%86.9%7.8%52.3%2.3%7.9%219.4K-2.8M-43.5K0.0171.77N/AN/A9221333,5447,620
2023-03-08$7.29$8.0055.2%15.2%86.5%5.4%53.1%1.6%11.0%222.3K-2.8M-43.0K0.2777.36N/AN/A30834,4167,618
2023-03-09$7.03$8.0060.3%15.6%87.0%7.9%54.5%7.3%8.2%172.1K-1.5M-39.4K0.2773.15N/AN/A942534,4247,619
2023-03-10$6.75$8.0061.4%16.0%87.8%9.8%57.5%2.6%9.0%128.2K-324.3K-37.0K10.8345.97N/AN/A6065034,4877,620
2023-03-13$6.58$8.0063.0%17.1%86.5%15.5%46.3%-1.7%7.4%99.4K340.0K-33.7K40.3180.24N/AN/A753,02334,5527,503
2023-03-14$6.46$8.0058.3%16.7%85.4%13.7%57.9%-4.4%7.4%48.7K911.8K-33.9K0.1582.82N/AN/A2083234,6028,809
2023-03-15$6.33$8.0064.4%18.5%85.4%23.1%71.7%4.5%5.8%96.6K-1.1M-34.4K125.0888.12N/AN/A243,00234,7718,822
2023-03-16$6.26$8.0058.0%16.6%84.8%13.2%59.7%-4.3%11.8%28.7K1.5M-32.5K0.0387.31N/AN/A3821234,78711,816
2023-03-17$6.03$8.0062.1%17.8%84.4%19.6%61.0%-11.8%10.4%-2.7K2.1M-30.6K0.1081.11N/AN/A5525334,99511,791
2023-03-20$6.12$8.0058.8%16.9%84.8%14.5%58.2%9.5%12.0%-3.6K847.0K-31.8K0.0194.42N/AN/A1,109821,4009,871
2023-03-21$6.50$7.0061.8%17.7%87.1%19.0%56.1%10.9%6.8%19.0K-226.1K-35.1K0.0052.39N/AN/A1,275422,2889,879
2023-03-22$6.01$7.0058.2%16.7%90.6%13.6%42.8%-13.2%13.3%8.7K762.6K-30.6K0.2686.13N/AN/A2165623,4889,875
2023-03-23$5.96$7.0063.3%18.2%65.1%21.5%61.4%-14.3%8.4%6.4K491.6K-31.4K0.0482.97N/AN/A5282023,6709,882
2023-03-24$6.01$7.0060.2%17.3%56.7%16.7%60.7%5.1%13.9%15.0K474.1K-33.6K0.6082.01N/AN/A1458724,1789,894
2023-03-27$6.16$7.0060.0%17.2%57.4%16.4%54.2%-7.4%12.1%22.4K179.4K-34.7K0.0473.84N/AN/A9453824,3779,981
2023-03-28$5.96$7.0059.2%17.0%57.1%15.1%57.7%-8.9%10.1%9.3K4.5K-33.5K0.4276.17N/AN/A50821325,3099,996
2023-03-29$6.16$7.0055.9%16.0%59.1%10.0%0.0%15.8%16.1%28.5K-74.4K-36.9K3.3676.05N/AN/A16655825,82310,206
2023-03-30$6.16$7.0057.3%16.4%49.9%12.1%56.1%-4.6%13.3%23.1K-329.0K-37.5K3.0120.41N/AN/A7823525,97710,764
2023-03-31$6.29$7.0055.2%15.8%50.6%9.0%57.3%-3.1%18.4%36.1K-472.4K-38.4K0.4876.41N/AN/A21110126,04610,981