COST Options History — January 2024

In January 2024, COST traded between $645.39 and $700.98. ATM implied volatility averaged 16.2%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded below realized volatility by 2.8% (HV 20d: 18.9%). Max pain ranged from $585.00 to $650.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2024-01-05: Highest Volume — 65,363 contracts
  • 2024-01-16: Largest IV spike — 6.3% change
  • 2024-01-31: Highest IV Rank — 26.4%
  • 2024-01-31: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$676.88$645.39$700.98$650.38$694.00
Max Pain$627.38$585.00$650.00$585.00$650.00
ATM IV16.2%14.7%17.5%17.2%17.5%
Expected Move4.7%4.3%5.1%4.8%5.1%
HV 20d18.9%12.3%25.3%24.9%12.3%
HV 60d19.6%18.7%20.6%20.6%18.9%
IV Rank17.7%7.5%26.4%24.9%26.4%
IV Percentile14.8%1.6%29.0%20.6%29.0%
Term Structure0.6%-0.1%3.5%0.5%3.5%
VWIV17.1%15.9%19.0%17.3%18.5%
Skew 25d1.8%1.4%2.3%2.3%1.8%
Skew 10d4.7%3.7%5.6%5.2%5.1%
Call IV 25d15.7%14.5%17.1%16.6%17.1%
Put IV 25d17.5%16.0%18.9%18.9%18.9%
Bid-Ask Spread %28.655.4156.446.7851.50
Gamma HHI0.080.040.230.040.05
Net GEX118.0M-28.4M270.8M19.1M86.6M
Net DEX-3.81B-6.01B-2.42B-2.94B-3.25B
Net VEX-15.0M-16.4M-13.7M-14.5M-16.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.371.450.860.37
Total Volume37,471.1924,78565,36331,87149,304
Total OI281,906.429228,011334,469277,530251,745

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$650.38$585.0017.2%4.8%24.9%24.9%17.3%2.3%0.5%19.1M-2.94B-14.5M0.866.7817,11514,756122,889154,641
2024-01-03$645.39$585.0017.3%4.8%25.3%25.5%17.2%2.2%0.4%-28.4M-2.58B-14.5M1.107.0714,71516,239128,662160,245
2024-01-04$649.83$615.0017.3%5.0%25.2%25.0%18.0%1.9%0.1%18.4M-2.92B-15.0M1.4510.0412,73118,475132,816165,501
2024-01-05$654.60$615.0016.4%4.8%25.2%19.3%17.4%1.8%0.1%179.6M-3.40B-14.7M0.559.4842,27723,086136,516171,810
2024-01-08$659.98$615.0016.0%4.7%25.2%16.6%17.3%1.9%0.2%105.4M-3.66B-14.1M0.909.3915,18613,724125,994161,246
2024-01-09$665.41$620.0015.4%4.5%25.3%12.0%16.9%1.8%0.2%162.4M-4.11B-14.1M0.979.4812,60012,185129,643166,404
2024-01-10$671.29$620.0015.4%4.4%24.7%12.2%16.5%1.8%-0.1%210.5M-4.55B-13.9M0.668.4320,35613,354132,290169,472
2024-01-11$672.60$625.0014.7%4.3%24.7%7.5%15.9%1.6%0.2%201.8M-4.59B-14.1M0.8811.7414,04112,417134,493172,791
2024-01-12$682.14$625.0015.1%4.3%24.2%9.9%16.0%1.5%0.1%269.9M-5.35B-13.7M0.7624.4029,63722,390137,395176,843
2024-01-16$680.00$630.0016.0%4.6%23.4%16.5%16.9%2.0%0.1%147.4M-4.75B-14.2M0.7956.4418,45414,644132,828168,649
2024-01-17$682.87$630.0016.2%4.6%18.2%17.7%17.0%2.0%0.1%161.3M-5.00B-14.9M0.8553.7215,95113,559139,943173,964
2024-01-18$686.60$630.0016.2%4.6%14.5%17.7%17.0%2.0%-0.0%179.2M-5.21B-15.3M0.4454.6131,33913,780143,394179,218
2024-01-19$694.46$635.0015.6%4.5%14.6%13.5%16.3%1.6%0.1%270.8M-6.01B-14.9M0.7753.6031,00523,804149,793184,676
2024-01-22$692.44$635.0016.3%4.7%12.7%18.3%17.2%2.0%0.2%104.6M-3.39B-15.1M1.0352.6417,82718,407102,152125,859
2024-01-23$687.36$640.0015.9%4.6%13.1%15.9%16.5%1.9%0.2%64.7M-3.02B-15.9M0.8252.0714,95812,302106,554133,743
2024-01-24$685.88$640.0015.8%4.6%12.7%15.3%16.6%1.7%0.3%62.5M-2.92B-16.0M0.405.4126,05710,402109,489138,739
2024-01-25$679.31$645.0016.2%4.7%13.2%17.9%16.7%1.6%0.0%-21.3M-2.42B-16.4M0.5819.8226,95915,588114,469141,824
2024-01-26$685.83$645.0016.0%4.6%12.7%16.3%16.5%1.4%0.1%73.8M-3.02B-16.1M0.8724.2221,51818,750115,573143,130
2024-01-29$693.14$645.0016.4%4.8%12.9%19.2%17.8%1.7%3.4%75.1M-3.24B-15.6M1.1248.4613,56715,149102,639136,070
2024-01-30$700.98$645.0017.3%5.1%13.0%25.1%19.0%1.5%3.4%135.2M-3.77B-15.7M0.6832.4022,85815,429106,621139,312
2024-01-31$694.00$650.0017.5%5.1%12.3%26.4%18.5%1.8%3.5%86.6M-3.25B-16.4M0.3751.5035,96113,343108,622143,123