CORN Options History — April 2023

In April 2023, CORN traded between $23.35 and $25.45. ATM implied volatility averaged 17.4%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 3.1% (HV 20d: 14.3%). Max pain ranged from $25.00 to $26.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.26.

Notable Days

  • 2023-04-21: Highest Volume — 1,219 contracts
  • 2023-04-27: Largest IV spike — 9.5% change
  • 2023-04-28: Highest IV Rank — 22.8%
  • 2023-04-28: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.68$23.35$25.45$25.28$23.35
Max Pain$25.32$25.00$26.00$25.00$25.00
ATM IV17.4%15.5%19.5%16.2%19.5%
Expected Move5.0%4.4%5.6%4.6%5.6%
HV 20d14.3%12.2%16.7%13.5%16.6%
HV 60d13.8%13.3%14.7%13.4%14.6%
IV Rank17.2%12.2%22.8%14.0%22.8%
IV Percentile17.8%2.0%41.3%4.8%41.3%
Term Structure2.1%0.3%4.3%1.9%0.6%
VWIV17.4%15.4%19.8%16.4%19.8%
Skew 25d0.4%-3.2%3.5%-3.2%-1.1%
Skew 10d1.4%-6.5%8.2%-2.3%1.0%
Call IV 25d17.0%12.3%18.6%17.2%18.6%
Put IV 25d17.4%11.9%19.0%14.0%17.5%
Bid-Ask Spread %23.819.0870.7038.0128.66
Gamma HHI0.150.120.200.150.19
Net GEX98.7K18.8K177.9K177.9K18.8K
Net DEX-1.7M-3.6M196.5K-2.9M196.5K
Net VEX-28.8K-31.1K-23.8K-30.9K-23.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.010.840.690.84
Total Volume275251,219698374
Total OI8,429.3688,1498,9368,1498,403

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$25.28$25.0016.2%4.6%13.5%14.0%16.4%-3.2%1.9%177.9K-2.9M-30.9K0.6938.01N/AN/A4142845,8262,323
2023-04-04$24.94$25.0016.1%4.6%14.2%13.9%16.2%0.6%1.8%108.8K-1.9M-29.4K0.179.08N/AN/A335585,7552,502
2023-04-05$24.91$25.0015.5%4.4%13.2%12.2%15.4%-0.4%2.5%104.6K-1.9M-30.5K0.0470.70N/AN/A8435,7382,501
2023-04-06$24.71$26.0016.0%5.1%12.2%13.4%17.7%-0.2%2.8%77.1K-1.4M-28.8K0.1916.63N/AN/A2145,7452,502
2023-04-10$25.10$26.0017.1%5.1%13.0%16.5%17.9%1.4%2.8%115.5K-2.1M-28.9K0.1316.83N/AN/A7295,7442,503
2023-04-11$24.88$26.0017.2%5.1%13.3%16.7%0.0%1.2%2.2%98.3K-1.8M-30.3K0.0614.47N/AN/A184115,7502,511
2023-04-12$24.80$26.0017.6%5.0%13.1%17.7%17.0%-0.8%2.8%96.1K-1.8M-30.4K0.1216.80N/AN/A115145,9142,510
2023-04-13$24.74$26.0017.0%4.9%13.1%16.2%17.0%0.4%3.4%78.0K-1.4M-30.0K0.0510.97N/AN/A12965,9452,513
2023-04-14$25.08$26.0017.3%4.9%13.9%16.9%18.5%1.6%3.7%126.9K-2.3M-30.3K0.0234.40N/AN/A9125,9632,519
2023-04-17$25.30$25.0017.9%5.1%14.2%18.6%18.0%0.6%2.6%165.7K-3.0M-31.1K0.1913.87N/AN/A62126,0052,521
2023-04-18$25.45$25.0017.2%4.9%14.2%16.8%17.3%0.7%4.3%159.8K-3.6M-29.6K0.1916.10N/AN/A217416,0222,522
2023-04-19$25.14$25.0017.5%5.0%14.7%17.6%16.7%0.4%2.9%135.1K-2.6M-29.9K0.7119.86N/AN/A59426,1012,556
2023-04-20$24.85$25.0016.8%4.8%15.4%15.8%17.9%-0.0%1.0%102.6K-1.5M-28.3K0.0557.62N/AN/A249126,1292,593
2023-04-21$24.40$25.0017.8%5.1%16.7%18.2%17.6%0.4%0.8%73.5K-368.1K-25.8K0.2517.49N/AN/A9732466,3442,592
2023-04-24$24.28$25.0018.0%5.2%15.3%18.8%16.7%3.5%0.3%65.0K-1.0M-28.0K0.6713.19N/AN/A1691136,2652,006
2023-04-25$24.25$25.0018.5%5.3%14.1%20.2%16.7%1.4%1.2%76.7K-1.1M-27.8K0.1025.86N/AN/A237246,3742,042
2023-04-26$24.06$25.0017.5%5.0%14.1%17.7%17.7%0.6%0.9%72.1K-863.2K-27.7K0.0119.56N/AN/A24726,5082,047
2023-04-27$23.42$25.0019.2%5.5%16.6%22.0%18.2%0.6%1.1%22.0K1.3K-25.3K0.4412.18N/AN/A215956,3192,045
2023-04-28$23.35$25.0019.5%5.6%16.6%22.8%19.8%-1.1%0.6%18.8K196.5K-23.8K0.8428.66N/AN/A2031716,3172,086