CORN Options History — April 2022

In April 2022, CORN traded between $27.05 and $30.04. ATM implied volatility averaged 34.7%, placing in the 34.5% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 12.1% (HV 20d: 22.7%). Max pain ranged from $23.00 to $24.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.62.

Notable Days

  • 2022-04-01: Highest Volume — 7,225 contracts
  • 2022-04-12: Largest IV spike — 12.2% change
  • 2022-04-01: Highest IV Rank — 42.0%
  • 2022-04-01: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.96$27.05$30.04$27.05$29.97
Max Pain$23.55$23.00$24.00$23.00$24.00
ATM IV34.7%31.4%39.3%39.3%31.8%
Expected Move9.9%9.0%10.9%10.9%9.1%
HV 20d22.7%17.0%28.9%27.9%17.0%
HV 60d27.6%27.2%28.1%27.3%27.8%
IV Rank34.5%29.0%42.0%42.0%29.5%
IV Percentile63.2%57.5%73.0%73.0%57.9%
Term Structure0.2%-1.5%1.7%-1.0%0.9%
VWIV34.8%31.7%38.8%38.8%32.7%
Skew 25d-3.7%-5.7%-1.0%-5.1%-2.8%
Skew 10d-6.3%-10.7%0.0%-5.8%-5.9%
Call IV 25d37.2%32.4%42.1%42.1%33.4%
Put IV 25d33.5%29.9%37.0%37.0%30.6%
Bid-Ask Spread %20.4012.9330.6024.5423.10
Gamma HHI0.170.130.250.130.19
Net GEX1.4M605.0K2.2M996.4K1.8M
Net DEX-58.4M-70.4M-38.2M-38.2M-66.0M
Net VEX-174.6K-188.2K-159.8K-173.2K-188.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.134.954.950.45
Total Volume3,640.71,7047,2257,2252,697
Total OI43,110.135,86049,18243,93942,659

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$27.05$23.0039.3%10.9%27.9%42.0%38.8%-5.1%-1.0%996.4K-38.2M-173.2K4.9524.54N/AN/A1,2156,01034,3269,613
2022-04-04$27.66$23.0038.6%10.8%28.9%40.8%38.2%-5.7%-0.9%952.3K-44.2M-170.6K0.5713.23N/AN/A1,7891,01434,5719,651
2022-04-05$27.90$23.0038.4%10.6%28.8%40.6%36.7%-5.0%-1.5%918.8K-48.3M-173.0K0.4814.08N/AN/A1,92692235,0009,740
2022-04-06$27.88$23.0036.1%10.4%27.6%36.8%35.6%-3.3%-1.1%864.2K-46.9M-172.5K0.5513.85N/AN/A1,54785735,1039,852
2022-04-07$28.09$23.0033.8%10.1%26.9%32.8%35.0%-2.7%-0.8%819.7K-49.4M-170.1K0.8613.15N/AN/A1,09494035,4299,912
2022-04-08$28.34$23.0033.3%10.1%26.9%32.0%36.2%-4.9%-0.1%788.8K-54.4M-167.1K0.3016.21N/AN/A2,68680735,6479,928
2022-04-11$28.39$23.0034.7%10.2%25.3%34.4%35.7%-4.1%-0.4%605.0K-56.1M-163.5K0.3214.63N/AN/A2,55981536,2839,996
2022-04-12$28.87$23.0038.9%10.6%25.7%41.4%36.6%-4.3%-0.1%1.1M-64.1M-159.8K0.1912.93N/AN/A4,73789536,37210,078
2022-04-13$29.11$23.0035.5%10.2%21.2%35.8%34.9%-5.4%0.4%1.8M-69.5M-164.9K0.2614.24N/AN/A4,0871,06537,72510,262
2022-04-14$29.19$24.0034.9%10.0%19.2%34.7%35.3%-4.3%0.3%2.2M-70.4M-171.8K0.2027.29N/AN/A4,32087238,42510,757
2022-04-18$29.86$24.0036.0%10.3%19.8%36.6%36.8%-3.5%0.1%1.3M-61.7M-165.5K0.1320.19N/AN/A6,04879131,3044,556
2022-04-19$29.65$24.0035.5%10.2%18.9%35.7%34.8%-4.5%0.3%1.5M-62.6M-183.0K0.3320.03N/AN/A2,50581934,0374,782
2022-04-20$29.88$24.0032.8%9.4%18.9%31.2%33.9%-3.8%1.5%1.5M-64.2M-182.0K0.2723.43N/AN/A2,76275934,5324,955
2022-04-21$29.40$24.0032.7%9.4%20.4%31.0%33.1%-4.7%0.8%1.6M-61.1M-182.6K0.3422.89N/AN/A1,68757735,5855,023
2022-04-22$28.94$24.0032.4%9.3%21.0%30.5%32.1%-3.5%1.0%1.6M-57.0M-180.0K0.4120.91N/AN/A1,97780735,7665,031
2022-04-25$29.33$24.0032.9%9.4%21.2%31.5%32.7%-2.7%0.4%1.6M-58.7M-178.9K0.4729.49N/AN/A2,2161,04235,3025,219
2022-04-26$29.67$24.0033.7%9.7%20.5%32.7%32.9%-1.0%1.2%1.6M-62.3M-179.5K0.4625.54N/AN/A1,94289035,7345,383
2022-04-27$30.04$24.0032.4%9.3%18.6%30.6%32.6%-2.7%1.7%1.7M-65.7M-182.2K0.3927.67N/AN/A1,22448035,9755,397
2022-04-28$30.02$24.0031.4%9.0%18.8%29.0%31.7%-1.0%0.8%1.8M-66.7M-184.1K0.4130.60N/AN/A2,44499036,7255,567
2022-04-29$29.97$24.0031.8%9.1%17.0%29.5%32.7%-2.8%0.9%1.8M-66.0M-188.2K0.4523.10N/AN/A1,86283537,0605,599