COMM Options History — July 2023

In July 2023, COMM traded between $4.42 and $6.55. ATM implied volatility averaged 90.3%, placing in the 69.2% IV rank vs the trailing year. The 30-day expected move averaged 26.8%. IV traded above realized volatility by 15.0% (HV 20d: 75.3%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.91.

Notable Days

  • 2023-07-14: Highest Volume — 24,339 contracts
  • 2023-07-12: Largest IV spike — 26.8% change
  • 2023-07-31: Highest IV Rank — 100.0%
  • 2023-07-31: Largest Expected Move — 34.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.36$4.42$6.55$5.92$4.46
Max Pain$4.42$4.00$5.00$4.50$4.50
ATM IV90.3%58.8%120.0%58.8%120.0%
Expected Move26.8%16.9%34.4%16.9%34.4%
HV 20d75.3%51.8%92.4%69.0%81.7%
HV 60d71.5%63.1%76.5%65.7%74.8%
IV Rank69.2%14.9%100.0%14.9%100.0%
IV Percentile87.4%23.0%100.0%23.0%100.0%
Term Structure-10.9%-26.1%17.1%15.0%-26.1%
VWIV93.7%59.5%117.4%59.5%117.4%
Skew 25d3.7%-13.6%15.7%12.7%-13.6%
Skew 10d20.6%-32.8%50.5%0.1%18.6%
Call IV 25d92.9%44.6%129.1%46.6%129.1%
Put IV 25d96.6%59.3%115.5%59.3%115.5%
Bid-Ask Spread %36.799.4769.9567.2858.83
Gamma HHI0.260.210.320.210.25
Net GEX290.5K170.1K409.2K256.5K238.0K
Net DEX-23.9M-39.3M-15.8M-18.4M-19.7M
Net VEX-148.5K-175.1K-82.9K-82.9K-175.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.910.0018.280.000.89
Total Volume7,376.0519624,3392,742445
Total OI118,383.6570,740147,33170,740147,331

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$5.92$4.5058.8%16.9%69.0%14.9%59.5%12.7%15.0%256.5K-18.4M-82.9K0.0067.28N/AN/A2,735760,43410,306
2023-07-05$5.97$4.5062.2%17.8%57.3%20.2%61.0%15.7%17.1%264.7K-20.3M-88.4K0.0669.95N/AN/A17,94599962,98710,308
2023-07-06$5.97$4.0067.2%23.7%57.5%52.5%82.0%0.4%-6.0%318.8K-24.9M-112.2K0.0235.77N/AN/A5,8969876,19510,960
2023-07-07$6.29$4.0062.7%23.3%54.8%50.1%81.5%-1.2%-2.0%355.1K-31.4M-126.1K0.0019.55N/AN/A11,4472683,17510,975
2023-07-10$6.31$4.0065.6%24.1%51.8%54.5%74.2%0.8%-8.5%402.0K-34.1M-140.9K0.0723.14N/AN/A1,49510891,87211,000
2023-07-11$6.29$4.0067.3%23.3%52.0%50.3%78.4%-0.4%-9.3%390.5K-33.2M-140.4K0.0238.24N/AN/A8,48919890,25811,008
2023-07-12$6.46$4.0085.3%24.5%52.0%56.6%87.5%0.7%-11.5%409.2K-37.6M-161.8K0.0227.95N/AN/A1,3963097,31911,164
2023-07-13$6.55$4.0080.5%23.1%51.9%49.1%81.5%4.0%-6.0%401.6K-39.3M-167.9K0.1316.85N/AN/A1732398,43311,165
2023-07-14$5.37$4.0095.2%27.3%92.1%72.3%100.6%10.8%-16.9%321.0K-25.3M-147.2K0.6563.13N/AN/A14,7719,56898,66911,187
2023-07-17$5.21$4.00107.0%30.7%90.0%90.8%107.4%6.9%-19.7%250.9K-22.2M-166.3K1.7932.53N/AN/A4,7078,429111,02320,039
2023-07-18$5.09$4.00106.6%30.6%89.9%90.2%107.1%7.4%-19.8%275.3K-22.1M-162.6K0.0330.89N/AN/A10,006308114,63419,764
2023-07-19$5.04$4.00100.6%28.8%90.0%80.7%100.8%3.8%-12.0%264.1K-21.8M-171.3K18.2864.21N/AN/A1612,943120,93419,882
2023-07-20$4.75$5.0099.0%28.4%92.4%78.2%96.6%1.6%-9.8%170.1K-16.3M-158.6K0.0646.20N/AN/A46328121,06322,553
2023-07-21$4.78$5.0096.3%27.6%92.1%74.0%100.3%2.0%-10.5%237.5K-15.8M-158.5K9.009.47N/AN/A1361,224121,21822,541
2023-07-24$4.63$5.00103.8%29.7%91.2%85.7%108.7%14.0%-23.9%228.6K-17.6M-148.4K0.0119.24N/AN/A19,985241107,07514,268
2023-07-25$4.58$5.00107.6%30.9%90.0%91.8%107.2%-2.9%-17.0%270.4K-20.3M-166.7K3.6755.99N/AN/A232851119,84714,500
2023-07-26$4.64$5.00103.3%29.6%86.4%85.0%103.8%1.2%-12.2%269.2K-20.7M-167.9K0.9422.58N/AN/A2,2292,095120,00315,223
2023-07-27$4.42$5.00106.1%30.4%82.2%89.4%105.6%3.8%-16.2%246.1K-18.1M-162.6K1.1011.55N/AN/A297326121,95217,015
2023-07-28$4.42$5.00111.5%32.0%82.3%97.8%113.3%6.1%-23.1%240.2K-18.7M-164.0K1.4222.41N/AN/A7,0369,975122,08017,313
2023-07-31$4.46$4.50120.0%34.4%81.7%100.0%117.4%-13.6%-26.1%238.0K-19.7M-175.1K0.8958.83N/AN/A235210126,78520,546