CORN Options History — February 2023

In February 2023, CORN traded between $25.07 and $26.76. ATM implied volatility averaged 16.7%, placing in the 1.9% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 4.0% (HV 20d: 12.7%). Max pain ranged from $25.00 to $27.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.75.

Notable Days

  • 2023-02-09: Highest Volume — 1,948 contracts
  • 2023-02-02: Largest IV drop — 9.1% change
  • 2023-02-28: Highest IV Rank — 5.7%
  • 2023-02-28: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.39$25.07$26.76$26.73$25.07
Max Pain$26.53$25.00$27.00$25.00$26.00
ATM IV16.7%15.1%18.5%17.8%18.5%
Expected Move4.8%4.3%5.3%5.1%5.3%
HV 20d12.7%9.8%15.5%15.5%13.3%
HV 60d12.9%12.5%13.8%12.9%13.8%
IV Rank1.9%0.0%5.7%3.1%5.7%
IV Percentile4.3%0.0%18.3%7.9%18.3%
Term Structure2.4%-0.8%4.2%-0.8%0.1%
VWIV16.6%10.6%18.4%16.3%18.4%
Skew 25d-0.8%-4.5%4.3%4.3%-4.5%
Skew 10d-2.0%-7.1%4.2%3.1%-1.6%
Call IV 25d17.3%13.6%19.1%13.6%18.0%
Put IV 25d16.5%13.5%18.0%17.9%13.5%
Bid-Ask Spread %32.049.7883.3411.7211.80
Gamma HHI0.350.130.570.130.20
Net GEX342.2K88.8K592.5K200.6K88.8K
Net DEX-5.6M-8.2M-1.6M-6.1M-1.6M
Net VEX-37.7K-40.6K-32.5K-39.8K-32.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.025.480.160.65
Total Volume272.053421,94851234
Total OI9,8277,78812,0219,6848,479

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$26.73$25.0017.8%5.1%15.5%3.1%16.3%4.3%-0.8%200.6K-6.1M-39.8K0.1611.72N/AN/A4477,0042,680
2023-02-02$26.48$27.0016.2%5.0%13.3%0.3%18.2%-1.0%2.7%177.2K-5.7M-39.5K0.4118.26N/AN/A73307,0212,688
2023-02-03$26.59$27.0016.1%4.9%13.3%0.1%18.2%-0.9%4.0%168.4K-5.6M-37.9K0.1083.34N/AN/A258266,9472,690
2023-02-06$26.66$27.0017.2%5.0%13.3%2.0%17.0%-1.9%4.2%168.6K-5.9M-40.6K0.1250.04N/AN/A241296,9512,716
2023-02-07$26.52$27.0018.3%5.0%13.4%3.9%0.0%-1.3%2.8%151.3K-5.4M-35.5K0.0523.92N/AN/A4026,8092,743
2023-02-08$26.62$27.0017.2%4.9%13.5%2.1%17.2%-0.4%3.0%149.3K-5.6M-34.8K0.4215.43N/AN/A50216,8262,745
2023-02-09$26.34$27.0016.0%4.6%14.1%0.1%16.4%-0.0%3.8%115.2K-5.1M-34.7K0.0229.83N/AN/A1,919296,8392,738
2023-02-10$26.66$27.0017.0%4.9%13.2%1.7%17.1%1.3%3.1%508.1K-7.9M-40.3K1.4415.68N/AN/A731058,6672,760
2023-02-13$26.75$27.0017.1%4.9%13.2%1.9%17.1%-0.3%3.4%555.0K-8.2M-40.2K0.3919.08N/AN/A104418,6902,863
2023-02-14$26.73$27.0016.1%4.6%12.3%0.3%16.1%-1.3%3.8%592.5K-8.1M-40.1K1.5920.24N/AN/A631008,7642,883
2023-02-15$26.55$27.0016.3%4.7%12.1%0.6%16.6%-1.0%3.0%538.5K-7.3M-39.7K0.0827.89N/AN/A3938,8122,998
2023-02-16$26.52$26.0015.1%4.3%11.8%0.0%10.6%-1.2%3.1%553.9K-7.2M-39.5K0.3146.19N/AN/A316988,8242,967
2023-02-17$26.66$26.0015.5%4.4%12.0%0.6%16.4%-2.1%2.5%533.4K-7.2M-39.6K0.0968.29N/AN/A148138,9443,077
2023-02-21$26.76$26.0016.0%4.6%10.5%1.5%15.9%-0.1%2.3%575.9K-5.4M-37.6K0.2517.40N/AN/A119306,1521,636
2023-02-22$26.55$26.0016.0%4.6%9.8%1.5%15.5%-1.1%2.1%554.1K-5.1M-38.5K0.7138.46N/AN/A63456,3091,664
2023-02-23$26.09$27.0016.5%4.7%11.6%2.3%16.4%-0.9%1.3%421.9K-3.9M-36.3K5.4830.49N/AN/A643516,3121,709
2023-02-24$25.66$26.0017.5%5.0%12.4%4.0%16.9%-1.1%0.8%260.5K-2.8M-35.4K0.529.78N/AN/A128666,3572,019
2023-02-27$25.49$26.0017.4%5.0%12.5%3.9%18.1%-0.8%1.0%189.0K-2.4M-34.3K1.4970.84N/AN/A791186,3832,047
2023-02-28$25.07$26.0018.5%5.3%13.3%5.7%18.4%-4.5%0.1%88.8K-1.6M-32.5K0.6511.80N/AN/A142926,3852,094