CORN Options History — October 2014

In October 2014, CORN traded between $22.88 and $26.27. ATM implied volatility averaged 24.7%, placing in the 66.4% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 3.9% (HV 20d: 20.8%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.33.

Notable Days

  • 2014-10-15: Highest Volume — 9,100 contracts
  • 2014-10-15: Largest IV spike — 50.4% change
  • 2014-10-13: Highest IV Rank — 100.0%
  • 2014-10-17: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.64$22.88$26.27$22.88$26.27
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV24.7%19.5%31.4%22.0%24.6%
Expected Move6.6%6.3%6.8%6.5%6.6%
HV 20d20.8%16.4%22.9%19.4%22.9%
HV 60d20.1%19.1%21.2%19.2%20.9%
IV Rank66.4%37.9%100.0%54.0%64.6%
IV Percentile78.5%22.2%100.0%57.5%79.8%
Term Structure-1.2%-3.3%1.0%0.6%-0.9%
VWIV23.1%22.4%24.1%23.2%22.5%
Skew 25d0.6%-3.3%2.5%1.2%1.8%
Skew 10d5.2%-6.6%12.4%0.8%7.9%
Call IV 25d24.4%21.7%27.0%22.3%25.7%
Put IV 25d25.0%22.0%27.4%23.5%27.4%
Bid-Ask Spread %52.9429.9176.4244.2049.43
Gamma HHI0.500.360.580.500.36
Net GEX2.4M1.2M2.8M1.2M2.6M
Net DEX-26.3M-43.1M-4.8M-4.8M-43.1M
Net VEX-172.7K-202.4K-131.8K-131.8K-163.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.030.950.030.79
Total Volume4,059.6521,4739,1007,7274,106
Total OI58,922.52253,30966,12156,29855,442

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$22.88$25.0022.0%6.5%19.4%54.0%23.2%1.2%0.6%1.2M-4.8M-131.8K0.0344.20N/AN/A7,46825948,0088,290
2014-10-02$23.02$25.0022.1%6.5%19.4%54.4%22.9%0.3%0.2%1.6M-9.5M-154.1K0.0931.27N/AN/A2,01217752,3868,290
2014-10-03$23.10$25.0021.3%6.4%16.4%50.5%22.9%1.6%0.3%1.7M-11.1M-165.8K0.1852.84N/AN/A1,38925653,8788,377
2014-10-06$23.70$25.0023.1%6.5%18.2%60.2%23.2%0.2%1.0%2.2M-19.4M-183.8K0.1329.91N/AN/A2,26229954,8448,399
2014-10-07$24.20$25.0025.0%6.6%19.7%70.9%23.0%1.1%-0.2%2.6M-26.9M-202.4K0.0450.41N/AN/A6,12126455,7738,487
2014-10-08$24.34$25.0024.6%6.5%19.8%68.5%22.9%1.2%-0.4%2.7M-26.8M-192.5K0.2153.86N/AN/A3,02762953,6948,655
2014-10-09$24.34$25.0027.4%6.5%19.3%84.3%22.9%-0.1%-1.2%2.7M-28.3M-200.1K0.1952.55N/AN/A4,90192854,1298,808
2014-10-10$23.86$25.0026.8%6.6%20.3%80.7%22.8%-3.3%-0.7%2.5M-21.2M-185.0K0.8945.31N/AN/A2,0641,82954,4829,265
2014-10-13$24.47$25.0031.4%6.5%21.8%100.0%23.3%1.0%-3.3%2.7M-28.1M-195.1K0.6454.61N/AN/A2,7781,76854,99310,451
2014-10-14$24.52$25.0019.5%6.6%21.8%37.9%23.0%-0.3%-2.7%2.8M-30.2M-198.6K0.4746.12N/AN/A2,08598155,35510,766
2014-10-15$24.50$25.0029.3%6.7%21.5%89.2%23.9%0.5%-2.1%2.4M-24.9M-176.5K0.1264.07N/AN/A8,0991,00150,97210,747
2014-10-16$24.82$25.0025.5%6.7%21.7%69.3%24.0%1.1%-2.5%2.7M-28.8M-175.1K0.1034.08N/AN/A1,34113249,85810,579
2014-10-17$24.55$25.0024.1%6.8%21.0%62.0%24.1%0.1%-1.6%2.4M-23.9M-166.9K0.1947.67N/AN/A1,56329649,92210,624
2014-10-20$24.57$25.0022.4%6.3%20.6%53.3%22.6%1.9%-0.7%2.2M-20.3M-158.0K0.1257.11N/AN/A5,40563146,3207,839
2014-10-21$25.07$25.0024.0%6.7%20.8%61.5%22.4%2.2%-1.7%2.3M-26.5M-165.8K0.2365.37N/AN/A5,3871,24845,3827,927
2014-10-22$24.91$25.0024.5%6.6%20.7%64.2%23.2%-0.2%-1.3%2.3M-24.9M-164.8K0.2567.30N/AN/A3,10176345,9298,206
2014-10-23$25.33$25.0024.4%6.3%20.8%63.4%22.7%2.5%-1.6%2.5M-30.5M-168.5K0.3763.27N/AN/A2,23082546,2708,318
2014-10-24$24.91$25.0024.4%6.6%21.5%63.8%23.1%-2.0%-1.3%2.3M-25.5M-165.7K0.3156.03N/AN/A2,51377346,1628,358
2014-10-27$25.54$25.0025.1%6.7%22.8%67.1%22.7%1.5%-1.4%2.5M-33.4M-164.7K0.3769.20N/AN/A1,97373646,0498,455
2014-10-28$25.58$25.0026.0%6.7%21.5%72.0%23.4%1.2%-3.0%2.6M-34.7M-165.2K0.3149.73N/AN/A2,34172846,0868,487
2014-10-29$26.22$25.0025.1%6.4%22.5%67.2%22.9%1.4%-0.8%2.7M-43.1M-160.5K0.9576.42N/AN/A2,1072,00045,9878,486
2014-10-30$26.07$25.0025.4%6.6%22.9%68.6%22.5%-1.0%-1.9%2.5M-40.3M-167.2K0.5256.89N/AN/A1,69388345,8439,640
2014-10-31$26.27$25.0024.6%6.6%22.9%64.6%22.5%1.8%-0.9%2.6M-43.1M-163.3K0.7949.43N/AN/A2,2931,81345,8479,595