COST Options History — March 2022

In March 2022, COST traded between $521.50 and $580.51. ATM implied volatility averaged 26.7%, placing in the 54.8% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 6.6% (HV 20d: 20.1%). Max pain ranged from $470.00 to $555.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.82.

Notable Days

2022-03-04: Highest Volume — 96,717 contracts
2022-03-02: Largest IV drop — 11.8% change
2022-03-01: Highest IV Rank — 100.0%
2022-03-01: Largest Expected Move — 11.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$545.14	$521.50	$580.51	$521.50	$580.51
Max Pain	$524.09	$470.00	$555.00	$520.00	$555.00
ATM IV	26.7%	20.2%	36.8%	36.8%	21.1%
Expected Move	8.0%	6.0%	11.6%	11.6%	6.2%
HV 20d	20.1%	17.9%	22.6%	21.4%	19.7%
HV 60d	24.4%	22.4%	27.5%	27.3%	23.9%
IV Rank	54.8%	25.7%	100.0%	100.0%	29.7%
IV Percentile	80.5%	56.0%	100.0%	100.0%	60.3%
Term Structure	-0.2%	-2.3%	1.3%	-2.3%	0.2%
VWIV	29.0%	21.7%	40.7%	40.7%	22.4%
Skew 25d	4.7%	2.8%	7.0%	7.0%	2.8%
Skew 10d	9.6%	5.8%	13.7%	13.7%	5.8%
Call IV 25d	24.9%	19.1%	33.1%	33.1%	20.2%
Put IV 25d	29.6%	22.6%	40.1%	40.1%	23.0%
Bid-Ask Spread %	26.21	5.34	48.72	48.72	33.62
Gamma HHI	0.09	0.05	0.31	0.05	0.10
Net GEX	74.2M	14.2M	190.1M	40.4M	148.2M
Net DEX	-1.79B	-3.13B	-990.5M	-1.18B	-2.95B
Net VEX	-11.1M	-11.7M	-10.4M	-11.7M	-11.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.46	1.44	0.69	0.57
Total Volume	40,930.87	23,592	96,717	31,190	59,900
Total OI	210,003	175,654	253,793	201,967	208,283

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 Vol	Put Vol	Call OI	Put OI
2022-03-01	$521.50	$520.00	36.8%	11.6%	21.4%	100.0%	40.7%	7.0%	-2.3%	40.4M	-1.18B	-11.7M	0.69	48.72	18,426	12,764	101,965	100,002
2022-03-02	$528.75	$520.00	32.4%	10.5%	21.6%	80.5%	36.8%	6.3%	-0.5%	58.2M	-1.51B	-11.5M	0.68	44.52	22,450	15,367	105,103	102,900
2022-03-03	$530.84	$520.00	33.7%	11.2%	19.7%	86.0%	39.7%	5.9%	-1.6%	65.8M	-1.65B	-11.7M	0.71	36.00	55,505	39,249	110,977	108,356
2022-03-04	$524.83	$520.00	30.5%	8.9%	20.1%	71.7%	31.9%	5.8%	-0.6%	30.2M	-1.14B	-11.4M	0.82	27.87	53,094	43,623	127,956	125,837
2022-03-07	$528.37	$520.00	33.5%	10.3%	20.2%	85.3%	36.3%	6.1%	-1.0%	44.6M	-1.32B	-11.4M	0.71	15.42	26,688	18,849	103,812	102,656
2022-03-08	$524.04	$520.00	31.8%	10.2%	20.2%	77.8%	35.4%	5.9%	1.3%	25.5M	-1.05B	-11.4M	0.94	32.01	16,072	15,063	106,087	106,177
2022-03-09	$529.65	$520.00	29.3%	8.9%	20.3%	66.6%	32.6%	5.5%	-0.2%	38.8M	-1.28B	-11.1M	0.81	11.57	19,281	15,543	106,757	109,146
2022-03-10	$531.92	$520.00	28.9%	8.6%	19.9%	64.9%	31.2%	5.2%	-0.3%	56.2M	-1.49B	-10.9M	1.13	12.45	13,159	14,861	109,774	112,065
2022-03-11	$528.96	$520.00	28.8%	8.5%	18.3%	64.3%	29.9%	4.9%	0.0%	53.6M	-1.33B	-10.9M	1.12	9.05	17,545	19,669	111,520	114,293
2022-03-14	$525.66	$470.00	30.5%	8.6%	17.9%	71.9%	32.5%	5.5%	-0.6%	14.2M	-990.5M	-10.9M	1.23	29.41	10,598	12,994	101,316	109,124
2022-03-15	$541.32	$470.00	28.5%	8.3%	20.0%	63.0%	30.2%	5.3%	-0.5%	83.5M	-1.86B	-10.7M	0.88	24.29	17,588	15,559	103,929	111,697
2022-03-16	$540.93	$470.00	26.2%	7.9%	19.8%	52.7%	28.9%	4.4%	-0.5%	89.5M	-1.83B	-10.5M	1.44	32.97	21,212	30,642	106,082	114,470
2022-03-17	$552.87	$0.00	24.3%	7.0%	21.0%	43.9%	25.7%	4.1%	-0.5%	159.7M	-2.42B	-11.0M	1.00	14.67	18,157	18,187	106,636	125,439
2022-03-18	$562.46	$520.00	22.5%	6.6%	21.5%	36.0%	24.3%	3.7%	-0.2%	190.1M	-3.13B	-10.4M	0.54	5.34	30,571	16,522	108,387	129,293
2022-03-21	$553.16	$525.00	23.7%	6.8%	22.6%	41.2%	24.6%	4.0%	0.3%	38.4M	-1.65B	-10.9M	0.81	24.40	21,300	17,236	78,776	96,878
2022-03-22	$559.01	$540.00	21.9%	6.4%	20.7%	33.3%	23.4%	3.9%	0.2%	64.7M	-1.95B	-11.0M	0.62	25.99	17,512	10,808	85,640	101,046
2022-03-23	$554.97	$545.00	23.0%	6.7%	20.0%	38.4%	24.6%	3.5%	0.3%	55.5M	-1.78B	-11.3M	0.70	29.17	14,064	9,809	90,411	102,975
2022-03-24	$556.97	$545.00	22.3%	6.6%	19.6%	35.3%	23.9%	3.8%	0.2%	72.1M	-1.86B	-11.5M	0.67	28.24	16,205	10,829	92,314	105,441
2022-03-25	$552.13	$555.00	22.0%	6.5%	18.9%	33.9%	24.5%	3.5%	0.2%	42.6M	-1.65B	-11.2M	0.92	30.16	15,328	14,041	93,166	107,115
2022-03-28	$563.78	$550.00	21.1%	6.3%	19.8%	30.0%	22.5%	3.7%	0.1%	84.8M	-2.12B	-10.8M	0.75	28.11	15,160	11,406	87,537	101,866
2022-03-29	$569.54	$550.00	20.2%	6.0%	19.8%	25.7%	22.2%	3.4%	0.0%	113.8M	-2.39B	-11.0M	0.62	29.56	19,223	12,004	90,563	105,435
2022-03-30	$575.96	$555.00	20.7%	6.1%	19.7%	28.1%	21.7%	3.3%	0.1%	135.9M	-2.72B	-10.7M	0.46	29.24	32,434	14,913	93,363	107,504
2022-03-31	$580.51	$555.00	21.1%	6.2%	19.7%	29.7%	22.4%	2.8%	0.2%	148.2M	-2.95B	-11.0M	0.57	33.62	38,160	21,740	96,976	111,307