COMM Options History — June 2023

In June 2023, COMM traded between $4.20 and $5.71. ATM implied volatility averaged 65.3%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded below realized volatility by 12.5% (HV 20d: 77.8%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.35.

Notable Days

  • 2023-06-13: Highest Volume — 7,214 contracts
  • 2023-06-13: Largest IV drop — 25.8% change
  • 2023-06-02: Highest IV Rank — 37.1%
  • 2023-06-02: Largest Expected Move — 20.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.83$4.20$5.71$4.20$5.71
Max Pain$4.45$4.00$5.00$4.00$4.50
ATM IV65.3%55.1%83.0%68.2%56.2%
Expected Move18.2%15.8%20.9%19.6%16.1%
HV 20d77.8%63.7%82.9%63.7%74.4%
HV 60d62.2%54.3%65.6%54.3%65.3%
IV Rank22.2%9.1%37.1%29.7%10.8%
IV Percentile36.3%6.0%67.5%52.4%10.3%
Term Structure11.1%-3.4%19.9%-3.4%15.0%
VWIV62.5%52.9%74.0%68.1%57.9%
Skew 25d4.6%-6.6%16.1%0.3%10.9%
Skew 10d10.9%-15.0%81.3%2.8%12.8%
Call IV 25d59.1%51.0%65.8%61.5%51.0%
Put IV 25d63.7%54.1%80.4%61.8%61.9%
Bid-Ask Spread %45.2615.8677.6772.4019.48
Gamma HHI0.250.190.360.260.20
Net GEX205.8K134.9K346.5K182.8K237.9K
Net DEX-11.7M-16.7M-7.6M-7.6M-16.7M
Net VEX-69.6K-81.3K-61.0K-62.0K-81.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.350.0020.100.130.00
Total Volume1,434.476817,2141082,561
Total OI68,531.61963,05772,01370,50770,355

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$4.20$4.0068.2%19.6%63.7%29.7%68.1%0.3%-3.4%182.8K-7.6M-62.0K0.1372.40N/AN/A961260,38710,120
2023-06-02$4.61$4.0072.9%20.9%72.5%37.1%74.0%16.1%0.8%219.4K-11.1M-69.8K0.0269.85N/AN/A423860,40310,129
2023-06-05$4.21$4.0083.0%19.8%78.9%31.3%65.3%5.5%8.5%191.8K-7.7M-61.0K0.2071.19N/AN/A1322660,62810,123
2023-06-06$4.33$4.0074.0%19.0%79.3%26.6%66.3%2.3%11.4%216.4K-8.7M-62.8K1.7656.55N/AN/A7613460,64410,138
2023-06-07$4.67$4.0078.6%18.3%82.2%22.8%64.7%10.0%19.9%246.2K-11.6M-68.4K0.5222.25N/AN/A48725560,68510,266
2023-06-08$4.51$4.0065.2%19.2%82.9%27.8%66.1%7.8%9.5%267.7K-10.7M-67.8K0.9143.25N/AN/A1049560,90410,282
2023-06-09$4.51$4.0070.2%20.0%82.5%32.2%0.0%5.4%10.9%265.9K-10.0M-64.1K0.0042.14N/AN/A135060,85710,344
2023-06-12$4.62$4.0080.6%19.8%82.8%31.3%69.7%-1.6%10.3%291.9K-11.9M-68.6K0.0127.69N/AN/A1,0421060,92510,344
2023-06-13$4.75$4.0059.8%19.2%82.8%27.6%63.0%7.0%8.0%311.7K-13.1M-68.6K0.0636.39N/AN/A6,78842661,66510,348
2023-06-14$4.70$4.5064.9%18.6%75.8%24.6%62.1%-3.3%7.0%346.5K-12.7M-68.2K0.1344.35N/AN/A2262961,22410,503
2023-06-15$5.03$4.5063.4%18.2%77.9%22.2%62.9%3.7%11.6%191.7K-15.8M-71.0K0.4029.39N/AN/A1,64565361,22710,542
2023-06-16$4.91$5.0063.3%18.2%78.7%22.0%61.7%13.0%5.6%135.0K-13.3M-72.3K0.0118.13N/AN/A2,7383259,53311,144
2023-06-20$4.92$5.0062.8%18.0%78.7%21.2%59.4%-5.0%10.3%136.4K-10.7M-71.0K0.4720.18N/AN/A44220853,0659,992
2023-06-21$4.83$5.0056.9%16.3%78.8%11.8%55.0%7.8%16.2%134.9K-9.9M-68.7K0.9720.75N/AN/A18317853,42010,181
2023-06-22$4.92$5.0058.1%16.7%78.9%13.8%61.0%6.6%15.1%137.3K-10.8M-72.1K1.7967.82N/AN/A295253,56810,315
2023-06-23$4.69$5.0056.5%16.2%78.6%11.3%52.9%-6.6%19.5%137.6K-9.1M-67.4K20.1047.66N/AN/A1020153,59010,316
2023-06-26$4.88$5.0055.1%15.8%79.4%9.1%53.6%-1.4%16.7%136.3K-10.2M-69.7K0.0070.97N/AN/A137053,59010,517
2023-06-27$5.22$5.0059.8%17.2%75.7%16.5%57.9%1.0%10.3%151.0K-12.3M-71.2K0.8277.67N/AN/A1,4371,17353,72410,517
2023-06-28$5.62$4.5060.0%17.2%75.3%16.7%65.2%5.3%13.7%166.4K-15.4M-77.9K0.0376.59N/AN/A5,69514653,71910,182
2023-06-29$5.58$4.5061.6%17.7%74.3%19.3%62.4%10.9%16.0%217.5K-15.6M-78.3K0.0215.86N/AN/A2,0683258,44610,302
2023-06-30$5.71$4.5056.2%16.1%74.4%10.8%57.9%10.9%15.0%237.9K-16.7M-81.3K0.0019.48N/AN/A2,554760,05610,299