CORN Options History — May 2022

In May 2022, CORN traded between $28.23 and $29.95. ATM implied volatility averaged 31.3%, placing in the 28.7% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 10.7% (HV 20d: 20.7%). Max pain ranged from $24.00 to $28.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.43.

Notable Days

  • 2022-05-09: Highest Volume — 6,315 contracts
  • 2022-05-09: Largest IV spike — 8.5% change
  • 2022-05-10: Highest IV Rank — 32.7%
  • 2022-05-16: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.07$28.23$29.95$29.60$28.23
Max Pain$27.10$24.00$28.00$24.00$28.00
ATM IV31.3%28.6%33.7%33.1%31.1%
Expected Move9.0%8.2%9.5%9.5%8.9%
HV 20d20.7%17.3%23.1%17.9%22.9%
HV 60d27.1%23.3%28.7%27.9%23.3%
IV Rank28.7%24.2%32.7%31.7%28.5%
IV Percentile57.9%51.2%64.3%60.7%60.7%
Term Structure2.0%0.1%3.8%0.1%1.0%
VWIV31.7%29.1%34.4%32.8%31.6%
Skew 25d-2.2%-3.6%-0.2%-2.5%-2.2%
Skew 10d-4.9%-9.3%-0.3%-3.2%-4.5%
Call IV 25d32.6%29.7%34.5%34.5%32.1%
Put IV 25d30.4%27.4%32.3%32.0%29.9%
Bid-Ask Spread %47.0719.1069.3341.9954.17
Gamma HHI0.210.170.300.190.18
Net GEX1.9M1.5M2.6M1.8M1.6M
Net DEX-57.7M-72.1M-42.9M-62.8M-42.9M
Net VEX-191.1K-204.1K-176.7K-185.4K-198.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.220.730.360.57
Total Volume3,818.6672,3746,3153,9954,303
Total OI44,355.1935,64849,76643,17639,406

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$29.60$24.0033.1%9.5%17.9%31.7%32.8%-2.5%0.1%1.8M-62.8M-185.4K0.3641.99N/AN/A2,9461,04937,5385,638
2022-05-03$29.27$24.0031.5%9.0%17.4%29.0%32.2%-2.9%0.6%1.7M-59.0M-179.4K0.6431.75N/AN/A1,44692837,1355,834
2022-05-04$29.32$24.0030.9%8.8%17.3%28.0%31.9%-1.6%0.8%1.8M-59.3M-176.7K0.4234.14N/AN/A2,12589937,4885,855
2022-05-05$29.41$27.0031.0%9.2%17.3%28.2%32.3%-1.4%0.1%1.9M-61.6M-179.6K0.5057.19N/AN/A1,77088338,5175,870
2022-05-06$28.95$27.0030.3%9.2%18.3%27.1%32.3%-3.6%1.6%1.8M-56.9M-179.0K0.3139.71N/AN/A3,24099138,6645,886
2022-05-09$28.26$27.0032.9%9.2%20.2%31.4%34.4%-2.5%3.1%1.7M-52.3M-181.2K0.2644.88N/AN/A5,0201,29540,2645,931
2022-05-10$28.59$27.0033.7%9.5%20.7%32.7%33.5%-1.8%2.3%2.0M-59.4M-195.8K0.4830.11N/AN/A1,79986642,5125,938
2022-05-11$29.14$27.0033.1%9.5%20.9%31.7%33.3%-1.6%1.9%2.1M-65.1M-195.0K0.4019.10N/AN/A2,5881,04642,5845,947
2022-05-12$29.61$28.0032.9%9.4%21.5%31.4%33.1%-3.0%2.4%2.2M-70.3M-198.7K0.2434.85N/AN/A4,20499242,8156,112
2022-05-13$29.32$28.0030.6%8.8%21.8%27.6%31.9%-2.3%3.8%2.1M-64.8M-191.9K0.4863.17N/AN/A2,06399941,9806,227
2022-05-16$29.95$28.0033.2%9.5%21.6%31.8%32.4%-2.4%3.0%2.5M-72.1M-186.9K0.2246.75N/AN/A4,35495442,0836,251
2022-05-17$29.91$28.0031.5%9.0%21.4%29.1%31.9%-3.4%3.4%2.6M-71.7M-192.2K0.3839.25N/AN/A2,43292542,4846,345
2022-05-18$29.15$28.0031.4%9.0%23.1%28.9%31.2%-2.3%3.6%2.0M-61.7M-193.1K0.3523.88N/AN/A3,1481,09042,7416,376
2022-05-19$29.07$27.0030.9%8.9%22.5%28.1%31.3%-1.9%1.7%1.7M-60.2M-189.9K0.5056.32N/AN/A1,96097942,7936,533
2022-05-20$28.97$27.0030.4%8.7%21.8%27.3%30.5%-2.1%3.0%1.7M-59.0M-190.8K0.3356.00N/AN/A3,7041,20843,1906,576
2022-05-23$29.20$28.0030.7%8.8%21.4%27.7%31.0%-1.9%1.8%1.5M-48.7M-196.9K0.4665.36N/AN/A1,66877531,9873,661
2022-05-24$28.75$28.0030.3%8.7%21.6%27.0%30.5%-0.2%2.0%1.5M-45.5M-195.2K0.3554.80N/AN/A3,3641,17932,4553,728
2022-05-25$28.53$28.0029.7%8.5%21.1%26.1%30.2%-1.9%2.2%1.6M-44.4M-199.5K0.4566.10N/AN/A3,4461,55033,4654,150
2022-05-26$28.44$28.0028.6%8.2%21.0%24.2%29.1%-2.6%2.0%1.7M-45.1M-203.1K0.5859.67N/AN/A2,0381,17734,6134,600
2022-05-27$28.87$28.0029.7%8.5%22.0%26.1%29.3%-1.2%0.4%1.8M-48.7M-204.1K0.7369.33N/AN/A1,6141,17534,5954,692
2022-05-31$28.23$28.0031.1%8.9%22.9%28.5%31.6%-2.2%1.0%1.6M-42.9M-198.4K0.5754.17N/AN/A2,7491,55434,6084,798