M Options History — June 2015

In June 2015, M traded between $66.86 and $70.60. ATM implied volatility averaged 21.4%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 0.1% (HV 20d: 21.3%). Max pain ranged from $67.50 to $70.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.83.

Notable Days

  • 2015-06-03: Highest Volume — 31,172 contracts
  • 2015-06-29: Largest IV spike — 19.0% change
  • 2015-06-30: Highest IV Rank — 26.9%
  • 2015-06-29: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$69.16$66.86$70.60$66.86$67.62
Max Pain$68.16$67.50$70.00$67.50$69.50
ATM IV21.4%18.9%24.3%21.2%24.3%
Expected Move6.2%5.4%7.3%6.3%7.2%
HV 20d21.3%14.9%28.2%27.0%19.4%
HV 60d22.8%22.3%23.3%22.7%22.7%
IV Rank20.2%14.6%26.9%19.8%26.9%
IV Percentile37.3%14.3%56.7%40.9%56.7%
Term Structure-0.1%-0.9%0.3%-0.2%-0.0%
VWIV22.1%19.3%25.6%22.6%25.6%
Skew 25d1.0%-0.3%1.8%1.4%1.7%
Skew 10d2.6%1.2%3.7%2.0%3.7%
Call IV 25d21.5%18.5%24.1%21.0%24.1%
Put IV 25d22.5%20.1%25.8%22.5%25.8%
Bid-Ask Spread %12.846.9729.856.978.40
Gamma HHI0.220.120.680.160.12
Net GEX17.0M935.9K76.1M4.8M935.9K
Net DEX-223.1M-377.8M-63.0M-81.6M-66.5M
Net VEX-2.1M-2.2M-1.9M-1.9M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.211.971.970.96
Total Volume13,958.4557,51431,17211,28115,064
Total OI203,363.136177,029226,151187,379192,079

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-06-01$66.86$67.5021.2%6.3%27.0%19.8%22.6%1.4%-0.2%4.8M-81.6M-1.9M1.976.97N/AN/A3,7937,48893,34194,038
2015-06-02$68.49$67.5022.8%7.0%28.2%23.5%24.7%0.6%-0.9%9.2M-168.2M-1.9M0.2129.85N/AN/A18,5373,84594,68294,663
2015-06-03$69.58$67.5022.7%6.8%28.0%23.2%24.9%1.1%0.3%14.1M-262.8M-2.1M1.0921.54N/AN/A14,92516,247106,86597,210
2015-06-04$69.28$67.5023.0%6.4%27.5%23.9%22.9%0.3%-0.3%14.4M-243.2M-2.2M1.8711.89N/AN/A3,9967,470111,90199,845
2015-06-05$69.28$67.5022.4%6.3%27.1%22.7%22.1%0.5%-0.3%16.1M-243.4M-2.2M1.4711.11N/AN/A3,7745,530112,200101,390
2015-06-08$68.97$67.5022.9%6.4%26.6%23.9%22.7%-0.3%0.1%14.3M-225.7M-2.2M1.019.07N/AN/A4,9725,023111,583101,151
2015-06-09$69.11$67.5022.8%6.5%26.6%23.6%23.1%0.6%-0.1%14.9M-233.2M-2.2M1.1312.57N/AN/A4,1674,692112,799102,994
2015-06-10$68.95$67.5021.4%6.2%26.0%20.3%21.9%0.6%0.1%16.0M-224.5M-2.2M0.4011.69N/AN/A15,0535,998114,746103,085
2015-06-11$68.89$67.5021.0%6.0%24.6%19.3%21.7%0.9%0.3%16.8M-209.9M-2.2M0.6417.01N/AN/A8,4445,379111,844104,688
2015-06-12$69.72$67.5020.8%6.0%24.1%19.0%21.4%1.1%0.1%21.2M-266.9M-2.1M0.2710.91N/AN/A17,1034,629113,620104,795
2015-06-15$68.99$67.5021.4%6.1%18.9%20.3%21.5%1.1%0.2%20.3M-237.2M-2.2M0.4513.08N/AN/A7,4903,386117,109103,505
2015-06-16$68.88$67.5021.1%6.0%16.9%19.5%21.2%1.3%0.3%21.6M-230.8M-2.2M0.6612.72N/AN/A4,5342,980117,964103,409
2015-06-17$69.92$67.5021.5%6.2%16.5%20.6%21.5%1.0%-0.7%27.2M-317.2M-2.1M0.3816.51N/AN/A9,3523,528118,096103,444
2015-06-18$70.60$67.5020.7%6.0%16.1%18.7%21.9%1.4%-0.5%28.7M-377.8M-2.1M0.4810.10N/AN/A8,6694,163119,823104,075
2015-06-19$69.96$67.5019.4%5.6%16.1%15.8%19.6%1.4%-0.3%76.1M-332.6M-2.1M0.557.72N/AN/A8,7184,832121,828104,323
2015-06-22$70.02$67.5018.9%5.4%16.0%14.6%19.3%1.8%0.2%11.3M-239.3M-2.1M0.4813.51N/AN/A6,8933,28698,60478,446
2015-06-23$70.14$70.0019.2%5.5%15.2%15.2%19.8%1.1%0.1%12.0M-249.8M-2.1M0.6510.84N/AN/A5,0473,265101,69979,713
2015-06-24$69.94$70.0019.0%5.5%15.3%14.8%20.5%1.4%0.2%11.8M-241.1M-2.1M0.8110.15N/AN/A5,1754,209101,97379,918
2015-06-25$69.21$70.0019.8%5.6%15.8%16.6%19.8%1.0%0.2%9.6M-199.3M-2.1M0.5910.64N/AN/A4,8692,871102,66281,744
2015-06-26$69.91$70.0020.0%5.8%14.9%17.0%21.3%1.4%0.2%9.3M-193.8M-2.0M1.0212.33N/AN/A5,8545,98095,11681,913
2015-06-29$67.16$70.0023.8%7.3%21.1%25.7%25.5%1.4%-0.1%3.4M-63.0M-2.0M1.1613.83N/AN/A11,99813,85895,10783,999
2015-06-30$67.62$69.5024.3%7.2%19.4%26.9%25.6%1.7%-0.0%935.9K-66.5M-2.1M0.968.40N/AN/A7,6767,38898,45493,625