CORN Options History — August 2022

In August 2022, CORN traded between $24.09 and $27.26. ATM implied volatility averaged 33.3%, placing in the 32.1% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 6.3% (HV 20d: 27.0%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 1.04.

Notable Days

2022-08-23: Highest Volume — 4,067 contracts
2022-08-10: Largest IV drop — 8.3% change
2022-08-01: Highest IV Rank — 39.3%
2022-08-01: Largest Expected Move — 10.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.43	$24.09	$27.26	$24.65	$26.89
Max Pain	$25.26	$25.00	$26.00	$25.00	$26.00
ATM IV	33.3%	30.7%	37.6%	37.6%	32.1%
Expected Move	9.4%	8.8%	10.8%	10.8%	9.2%
HV 20d	27.0%	21.4%	39.1%	39.1%	22.6%
HV 60d	32.1%	31.4%	32.8%	32.2%	32.5%
IV Rank	32.1%	27.7%	39.3%	39.3%	30.1%
IV Percentile	69.5%	57.5%	84.9%	84.9%	62.3%
Term Structure	-0.9%	-2.7%	0.5%	-2.5%	0.5%
VWIV	32.9%	30.3%	37.2%	37.2%	32.1%
Skew 25d	-2.2%	-3.8%	-0.2%	-1.6%	-2.3%
Skew 10d	-4.4%	-9.9%	1.0%	-1.7%	1.0%
Call IV 25d	34.4%	31.3%	38.4%	38.4%	33.8%
Put IV 25d	32.2%	29.2%	37.0%	36.8%	31.5%
Bid-Ask Spread %	31.05	9.70	74.12	41.42	43.56
Gamma HHI	0.15	0.11	0.31	0.12	0.16
Net GEX	366.4K	227.1K	644.4K	278.6K	321.0K
Net DEX	-8.7M	-15.9M	-3.2M	-5.6M	-13.3M
Net VEX	-119.2K	-139.3K	-102.4K	-133.5K	-132.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.04	0.10	2.51	2.51	0.87
Total Volume	1,839.522	331	4,067	3,552	3,905
Total OI	37,853.435	24,838	43,209	43,209	32,883

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-08-01	$24.65	$25.00	37.6%	10.8%	39.1%	39.3%	37.2%	-1.6%	-2.5%	278.6K	-5.6M	-133.5K	2.51	41.42	N/A	N/A	1,012	2,540	30,739	12,470
2022-08-02	$24.09	$25.00	36.1%	10.4%	35.9%	36.8%	37.0%	-0.8%	-1.1%	245.7K	-3.2M	-124.0K	1.24	17.93	N/A	N/A	1,103	1,368	30,755	11,717
2022-08-03	$24.14	$25.00	35.2%	10.1%	35.7%	35.3%	34.3%	-2.8%	-1.6%	227.1K	-3.6M	-124.5K	1.84	18.38	N/A	N/A	947	1,742	30,914	11,625
2022-08-04	$24.54	$25.00	35.1%	9.5%	35.8%	35.0%	32.5%	-3.8%	-0.9%	308.5K	-5.3M	-120.7K	1.76	22.81	N/A	N/A	916	1,609	30,890	11,237
2022-08-05	$24.65	$25.00	34.1%	9.2%	32.4%	33.3%	30.9%	-3.0%	-0.1%	308.7K	-5.7M	-121.0K	1.94	12.41	N/A	N/A	800	1,552	30,868	11,243
2022-08-08	$24.66	$25.00	34.7%	9.1%	32.4%	34.5%	30.7%	-2.9%	-0.5%	311.3K	-5.3M	-112.4K	1.75	33.33	N/A	N/A	956	1,671	30,980	11,244
2022-08-09	$24.85	$25.00	34.7%	9.1%	25.2%	34.5%	31.6%	-2.0%	-0.5%	349.9K	-7.1M	-116.0K	1.18	44.70	N/A	N/A	249	294	31,005	10,989
2022-08-10	$25.02	$25.00	31.8%	9.1%	24.7%	29.6%	32.1%	-2.1%	-0.7%	363.0K	-7.8M	-117.4K	0.48	14.32	N/A	N/A	224	107	30,947	11,180
2022-08-11	$25.33	$25.00	32.5%	9.3%	24.9%	30.7%	33.9%	-3.3%	-1.0%	463.4K	-9.8M	-117.8K	0.55	12.00	N/A	N/A	337	185	30,974	11,203
2022-08-12	$25.74	$25.00	31.9%	9.2%	25.3%	29.8%	31.8%	-2.8%	-0.9%	543.2K	-12.3M	-121.9K	0.44	28.15	N/A	N/A	448	199	31,077	11,218
2022-08-15	$25.39	$25.00	31.3%	9.0%	25.9%	28.7%	31.6%	-2.0%	-0.6%	455.7K	-9.2M	-112.3K	0.71	53.03	N/A	N/A	407	288	31,002	11,290
2022-08-16	$24.74	$25.00	30.9%	8.9%	26.7%	28.1%	30.4%	-2.8%	-0.5%	271.7K	-5.0M	-102.8K	0.85	74.12	N/A	N/A	432	368	31,030	11,365
2022-08-17	$24.77	$25.00	31.0%	8.9%	26.5%	28.3%	30.3%	-3.0%	-1.2%	323.9K	-5.1M	-102.4K	0.99	13.01	N/A	N/A	168	166	31,011	11,318
2022-08-18	$24.90	$25.00	30.7%	8.8%	24.2%	27.7%	30.8%	-1.3%	-0.2%	388.2K	-5.9M	-103.7K	0.66	15.47	N/A	N/A	405	268	30,990	11,217
2022-08-19	$25.12	$25.00	30.9%	8.9%	23.0%	28.1%	31.2%	-0.3%	-0.3%	644.4K	-7.8M	-105.3K	1.36	15.17	N/A	N/A	515	703	31,168	11,066
2022-08-22	$25.43	$25.00	31.6%	9.0%	21.4%	29.1%	32.0%	-2.7%	-0.4%	328.7K	-8.2M	-104.7K	0.10	9.70	N/A	N/A	1,210	125	18,294	6,544
2022-08-23	$26.36	$25.00	33.4%	9.6%	23.3%	32.3%	34.1%	-2.9%	-2.0%	474.1K	-12.5M	-114.5K	1.70	46.71	N/A	N/A	1,507	2,560	19,247	6,595
2022-08-24	$26.38	$26.00	35.1%	10.1%	23.3%	35.1%	35.6%	-2.7%	-2.7%	341.2K	-11.5M	-124.3K	0.67	19.76	N/A	N/A	1,078	720	20,194	8,794
2022-08-25	$26.09	$26.00	33.6%	9.6%	23.2%	32.6%	34.3%	-3.3%	-1.0%	312.4K	-10.2M	-125.6K	0.86	70.83	N/A	N/A	704	604	20,570	9,039
2022-08-26	$26.78	$26.00	32.9%	9.4%	24.5%	31.4%	33.0%	-1.5%	-0.6%	387.9K	-14.0M	-132.2K	0.44	72.76	N/A	N/A	1,496	653	20,913	9,224
2022-08-29	$27.26	$26.00	35.5%	10.2%	24.0%	35.7%	35.0%	-0.8%	-1.8%	419.5K	-15.9M	-132.0K	0.55	15.90	N/A	N/A	2,388	1,317	21,161	9,581
2022-08-30	$27.11	$26.00	33.7%	9.7%	22.1%	32.7%	34.0%	-0.2%	-0.3%	358.4K	-15.6M	-139.3K	0.54	18.63	N/A	N/A	1,340	723	22,238	10,620
2022-08-31	$26.89	$26.00	32.1%	9.2%	22.6%	30.1%	32.1%	-2.3%	0.5%	321.0K	-13.3M	-132.9K	0.87	43.56	N/A	N/A	2,090	1,815	22,200	10,683