COMM Options History — May 2023

In May 2023, COMM traded between $4.03 and $4.96. ATM implied volatility averaged 73.9%, placing in the 36.3% IV rank vs the trailing year. The 30-day expected move averaged 20.8%. IV traded above realized volatility by 19.0% (HV 20d: 54.9%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.69.

Notable Days

  • 2023-05-12: Highest Volume — 11,590 contracts
  • 2023-05-04: Largest IV drop — 28.9% change
  • 2023-05-03: Highest IV Rank — 97.3%
  • 2023-05-03: Largest Expected Move — 32.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.39$4.03$4.96$4.96$4.11
Max Pain$4.57$4.00$5.00$4.50$4.00
ATM IV73.9%63.0%112.8%102.2%68.8%
Expected Move20.8%17.6%32.3%29.3%19.7%
HV 20d54.9%46.7%64.9%49.0%63.1%
HV 60d60.2%51.9%65.7%63.4%54.4%
IV Rank36.3%19.0%97.3%81.0%30.6%
IV Percentile55.4%30.2%99.6%98.8%53.6%
Term Structure-1.9%-33.7%8.2%-21.6%-3.9%
VWIV72.1%48.8%111.8%107.8%69.8%
Skew 25d6.3%-9.2%18.9%6.6%-6.3%
Skew 10d10.3%-8.5%54.5%9.6%9.0%
Call IV 25d67.1%43.0%109.0%98.4%64.6%
Put IV 25d73.4%56.1%111.0%105.0%58.3%
Bid-Ask Spread %48.2520.0375.7771.9473.87
Gamma HHI0.240.160.360.190.25
Net GEX176.7K99.2K253.4K99.2K172.0K
Net DEX-6.1M-8.9M-3.7M-6.4M-7.4M
Net VEX-58.3K-64.6K-50.5K-53.9K-63.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.003.990.001.78
Total Volume2,700.3183911,5906,50389
Total OI73,008.45555,50491,54155,50470,498

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$4.96$4.50102.2%29.3%49.0%81.0%107.8%6.6%-21.6%99.2K-6.4M-53.9K0.0071.94N/AN/A6,4881546,7438,761
2023-05-02$4.71$4.50111.2%31.9%50.5%94.9%110.4%2.0%-30.2%129.4K-6.2M-52.2K0.4071.64N/AN/A79031551,9088,767
2023-05-03$4.75$5.00112.8%32.3%50.9%97.3%111.8%2.9%-33.7%131.0K-6.5M-52.6K0.0875.02N/AN/A2381952,1558,991
2023-05-04$4.84$5.0080.2%19.1%52.0%27.0%67.7%7.5%5.7%153.1K-6.8M-52.6K0.4128.43N/AN/A7,6593,15452,4848,874
2023-05-05$4.78$5.0068.5%17.6%52.0%19.0%67.3%4.7%8.2%220.2K-7.0M-52.9K0.1875.77N/AN/A2224157,1518,994
2023-05-08$4.64$5.0068.8%18.4%52.3%23.5%64.3%10.8%6.5%218.9K-5.8M-50.5K0.0024.24N/AN/A5,363858,4268,991
2023-05-09$4.42$5.0067.2%18.7%53.6%25.2%61.9%14.2%7.7%211.2K-5.6M-53.6K1.5520.40N/AN/A4,3836,80063,7248,965
2023-05-10$4.33$5.0066.1%19.0%51.1%26.4%68.7%13.3%5.5%189.4K-5.1M-63.0K1.4634.09N/AN/A18927667,72815,641
2023-05-11$4.25$5.0070.3%20.2%51.1%33.0%70.8%10.2%4.6%176.2K-4.4M-61.1K1.4466.98N/AN/A162367,74815,710
2023-05-12$4.29$5.0065.5%18.8%51.0%25.4%65.8%4.2%6.2%192.2K-4.7M-61.8K0.0029.02N/AN/A11,5781267,74815,725
2023-05-15$4.41$4.5068.8%19.7%46.7%30.7%69.9%13.8%3.3%253.4K-6.5M-64.6K0.1723.38N/AN/A1,22521372,29415,721
2023-05-16$4.04$4.0069.6%19.9%54.9%31.9%69.0%11.3%4.6%162.3K-3.7M-57.5K1.0428.93N/AN/A34135673,46915,634
2023-05-17$4.21$4.5066.7%19.1%57.0%27.4%67.0%3.8%5.1%187.7K-3.7M-53.3K0.0259.57N/AN/A154373,63915,868
2023-05-18$4.29$4.5063.8%18.3%57.0%22.7%64.2%-1.6%0.0%239.4K-5.1M-62.3K0.0225.00N/AN/A5621073,67815,869
2023-05-19$4.31$4.5065.5%18.8%57.0%25.5%63.4%-2.7%6.8%167.8K-5.5M-63.8K0.4320.03N/AN/A45119575,68115,860
2023-05-22$4.25$4.5064.7%18.6%56.5%24.2%61.3%13.1%-3.1%173.4K-7.5M-60.6K1.9866.59N/AN/A31562554,8848,963
2023-05-23$4.24$4.5063.0%18.1%56.4%21.6%67.1%-9.2%3.0%166.1K-7.3M-61.2K0.0068.15N/AN/A98054,8269,528
2023-05-24$4.03$4.5068.3%19.6%58.8%29.8%66.9%18.9%-2.3%146.5K-6.0M-56.9K0.1154.84N/AN/A4955254,8539,501
2023-05-25$4.04$4.0069.9%20.0%58.6%32.4%69.3%11.6%-4.9%144.3K-6.1M-57.0K3.9922.46N/AN/A14959555,1379,541
2023-05-26$4.45$4.0072.9%20.9%62.7%37.1%73.3%7.4%-2.9%170.1K-8.9M-64.3K0.0066.94N/AN/A5,335355,15110,085
2023-05-30$4.21$4.0070.3%20.2%64.9%33.1%48.8%2.1%-5.2%183.3K-8.0M-63.9K0.0254.16N/AN/A5411160,18710,085
2023-05-31$4.11$4.0068.8%19.7%63.1%30.6%69.8%-6.3%-3.9%172.0K-7.4M-63.7K1.7873.87N/AN/A325760,40110,097