COMM Options History — March 2024

In March 2024, COMM traded between $1.04 and $1.60. ATM implied volatility averaged 97.6%, placing in the 28.4% IV rank vs the trailing year. The 30-day expected move averaged 27.3%. IV traded below realized volatility by 75.4% (HV 20d: 173.0%). Max pain ranged from $1.00 to $2.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.99.

Notable Days

  • 2024-03-05: Highest Volume — 15,852 contracts
  • 2024-03-04: Largest IV spike — 48.6% change
  • 2024-03-12: Highest IV Rank — 38.9%
  • 2024-03-12: Largest Expected Move — 31.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.32$1.04$1.60$1.15$1.31
Max Pain$1.35$1.00$2.00$2.00$1.50
ATM IV97.6%64.9%139.2%64.9%104.5%
Expected Move27.3%18.6%31.9%18.6%30.0%
HV 20d173.0%113.5%184.9%160.8%113.5%
HV 60d114.8%111.2%118.0%111.9%117.0%
IV Rank28.4%9.2%38.9%10.3%34.1%
IV Percentile63.5%19.0%86.1%19.0%78.2%
Term Structure21.7%-5.4%68.1%23.8%10.0%
VWIV94.3%51.1%117.7%104.0%106.0%
Skew 25d-3.4%-61.3%38.4%-6.9%-15.6%
Skew 10d-3.4%-53.1%33.6%-15.7%-10.9%
Call IV 25d86.8%68.8%122.1%78.1%96.5%
Put IV 25d83.4%60.8%107.2%71.2%80.9%
Bid-Ask Spread %74.3351.2697.2376.7972.17
Gamma HHI0.170.160.190.190.17
Net GEX34.4K17.2K49.0K20.4K33.4K
Net DEX-3.6M-5.3M-458.4K-553.7K-4.9M
Net VEX-34.8K-46.5K-16.4K-18.2K-36.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.006.000.210.19
Total Volume1,600.8715,852301138
Total OI116,338.45106,139126,843106,139115,317

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$1.15$2.0064.9%18.6%160.8%10.3%104.0%-6.9%23.8%20.4K-553.7K-18.2K0.2176.79N/AN/A2485397,7178,422
2024-03-04$1.04$1.0096.5%27.6%162.3%31.1%96.1%13.8%21.9%17.2K-458.4K-16.4K2.0497.23N/AN/A1,2652,57797,9328,455
2024-03-05$1.08$1.0069.0%28.6%164.1%33.5%99.8%11.7%28.1%20.7K-935.6K-20.5K0.0592.47N/AN/A15,16568799,1338,590
2024-03-06$1.10$1.0090.1%30.7%161.6%36.9%72.5%38.4%5.7%28.6K-2.2M-30.0K5.8879.35N/AN/A3432,016114,4109,166
2024-03-07$1.17$1.00104.2%30.6%165.2%36.7%109.3%10.2%5.2%30.3K-2.5M-28.7K0.0173.66N/AN/A5,12726114,3907,337
2024-03-08$1.25$1.00139.2%19.1%168.6%9.2%101.7%-21.8%68.1%38.0K-3.5M-36.2K0.3673.03N/AN/A4416119,4857,358
2024-03-11$1.38$1.00127.3%27.8%173.8%29.2%82.5%14.7%26.7%36.9K-4.2M-39.8K0.7178.12N/AN/A286202112,1677,374
2024-03-12$1.60$1.00105.1%31.9%180.4%38.9%117.7%6.8%-2.3%43.9K-5.3M-46.5K0.0964.60N/AN/A46444112,0877,514
2024-03-13$1.54$1.5090.3%25.9%177.0%24.3%115.6%-32.1%31.0%37.4K-5.1M-44.7K0.5883.11N/AN/A969562112,2047,554
2024-03-14$1.46$1.50101.6%29.1%177.3%32.1%100.8%11.3%14.8%38.0K-4.9M-44.4K1.2681.91N/AN/A5873112,3438,094
2024-03-15$1.60$1.50103.1%29.6%180.0%33.2%112.3%-10.7%-5.4%49.0K-5.2M-43.7K0.2176.21N/AN/A561117112,3798,086
2024-03-18$1.40$1.5093.3%26.8%184.7%26.5%90.2%8.5%30.3%42.3K-4.6M-41.9K0.3782.22N/AN/A15657108,6066,052
2024-03-19$1.37$1.50108.7%31.2%184.3%37.0%91.8%-0.1%9.5%38.2K-4.0M-37.8K0.8271.98N/AN/A3327108,6666,075
2024-03-20$1.40$1.5087.3%25.0%183.8%22.3%88.0%1.6%8.1%38.1K-4.1M-36.8K0.0577.34N/AN/A382108,6646,102
2024-03-21$1.42$1.5097.5%28.0%184.1%29.3%91.4%8.4%28.3%41.2K-4.4M-38.8K6.0051.26N/AN/A17102108,6746,101
2024-03-22$1.33$1.5093.1%26.7%184.9%26.3%93.9%-13.8%33.1%34.9K-3.7M-35.3K0.0764.43N/AN/A18813108,6676,202
2024-03-25$1.29$1.50106.3%30.5%184.4%35.3%0.0%-30.1%11.9%33.0K-3.5M-33.0K0.0053.01N/AN/A70108,8556,211
2024-03-26$1.23$1.5077.4%22.2%184.0%15.5%68.0%-61.3%38.8%32.4K-3.5M-33.4K0.8277.22N/AN/A136111108,8586,212
2024-03-27$1.27$1.5092.5%26.5%184.2%25.8%51.1%-0.4%46.3%33.8K-3.5M-33.7K0.0260.51N/AN/A862108,9936,317
2024-03-28$1.31$1.50104.5%30.0%113.5%34.1%106.0%-15.6%10.0%33.4K-4.9M-36.0K0.1972.17N/AN/A11622108,9986,319