M Options History — August 2017

In August 2017, M traded between $19.56 and $23.96. ATM implied volatility averaged 38.8%, placing in the 41.0% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 5.9% (HV 20d: 44.7%). Max pain ranged from $20.50 to $25.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.94.

Notable Days

  • 2017-08-10: Highest Volume — 145,265 contracts
  • 2017-08-10: Largest IV drop — 27.1% change
  • 2017-08-09: Highest IV Rank — 95.3%
  • 2017-08-02: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.38$19.56$23.96$23.96$20.78
Max Pain$22.28$20.50$25.00$25.00$21.00
ATM IV38.8%32.0%54.8%44.8%32.0%
Expected Move11.3%9.4%16.3%14.9%9.4%
HV 20d44.7%32.2%49.7%42.2%44.9%
HV 60d43.6%36.4%53.7%53.4%39.7%
IV Rank41.0%14.2%95.3%61.8%14.2%
IV Percentile59.5%22.2%99.6%88.5%22.2%
Term Structure-0.6%-3.0%1.6%-2.3%0.4%
VWIV39.9%33.8%56.8%51.9%36.3%
Skew 25d2.4%1.7%3.4%1.7%3.0%
Skew 10d3.9%1.5%7.2%4.4%4.5%
Call IV 25d37.7%30.9%54.0%43.8%30.9%
Put IV 25d40.1%33.9%56.6%45.5%33.9%
Bid-Ask Spread %20.045.3352.9715.335.75
Gamma HHI0.130.070.270.070.13
Net GEX-2.4M-8.3M116.7K-164.9K-1.7M
Net DEX160.3M66.3M300.1M66.3M124.2M
Net VEX-1.3M-1.4M-1.1M-1.4M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.362.180.700.85
Total Volume39,126.08711,163145,26511,16315,443
Total OI462,704.391405,682546,470405,682475,845

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-08-01$23.96$25.0044.8%14.9%42.2%61.8%51.9%1.7%-2.3%-164.9K66.3M-1.4M0.7015.33N/AN/A6,5584,605189,159216,523
2017-08-02$23.14$25.0046.4%16.3%43.8%67.3%56.8%2.4%-2.2%-1.3M107.3M-1.3M1.4615.45N/AN/A10,85315,847190,789217,381
2017-08-03$23.58$24.0046.7%12.8%42.8%68.3%44.2%2.2%-2.7%-600.8K80.7M-1.4M2.1818.35N/AN/A11,94026,010193,513219,604
2017-08-04$23.37$24.0046.9%13.1%43.0%69.1%44.9%2.0%-3.0%-1.5M103.5M-1.3M0.5020.33N/AN/A15,2677,666195,981230,329
2017-08-07$23.54$24.0047.0%13.0%32.2%69.3%45.3%2.4%-1.2%-2.0M95.5M-1.3M1.2513.96N/AN/A10,82213,516190,574228,509
2017-08-08$23.50$24.0050.2%13.7%32.3%80.1%46.9%2.7%-1.1%-1.6M91.5M-1.3M0.998.36N/AN/A21,24220,970194,900228,385
2017-08-09$23.01$24.0054.8%15.4%33.6%95.3%52.8%2.6%-0.5%-2.2M116.1M-1.3M0.8724.93N/AN/A47,23040,969204,575241,121
2017-08-10$20.65$23.0039.9%11.9%49.7%45.3%42.5%2.6%1.0%-8.3M300.1M-1.1M1.3818.83N/AN/A60,93084,335233,940270,900
2017-08-11$20.72$22.0035.1%10.2%49.3%29.0%36.8%2.3%0.2%-5.6M292.1M-1.2M1.0733.25N/AN/A27,44729,413266,248280,222
2017-08-14$20.34$22.0034.5%10.0%48.2%27.1%34.8%1.8%-1.0%-5.5M269.7M-1.1M0.537.82N/AN/A23,39812,300245,178256,711
2017-08-15$20.32$22.0035.3%10.2%48.1%29.7%36.0%2.5%-0.4%-5.0M262.7M-1.2M0.6548.62N/AN/A18,87212,198252,695258,510
2017-08-16$20.20$22.0034.5%9.9%47.7%27.1%35.3%2.2%0.5%-4.8M271.0M-1.1M0.8418.43N/AN/A13,35311,270259,921260,093
2017-08-17$19.73$22.0037.0%10.7%47.8%35.4%37.9%2.5%-0.5%-4.5M295.9M-1.1M0.4948.54N/AN/A30,13314,682262,757262,447
2017-08-18$19.61$21.0034.9%9.9%47.3%28.3%34.5%1.8%1.6%-3.0M297.2M-1.1M0.7829.96N/AN/A22,54617,476276,227267,752
2017-08-21$19.56$21.0034.5%10.0%46.7%27.1%34.7%2.7%0.2%-2.0M180.3M-1.1M0.585.66N/AN/A15,6299,005204,300203,181
2017-08-22$20.42$21.0034.3%9.9%47.7%26.3%35.0%2.3%-0.3%-1.3M129.3M-1.2M0.3635.45N/AN/A38,89314,107210,017206,344
2017-08-23$20.60$21.0034.6%10.1%48.0%27.6%37.1%2.2%-0.7%-217.1K108.3M-1.3M0.4810.73N/AN/A18,6409,012226,916209,024
2017-08-24$20.65$20.5034.9%10.1%45.8%27.0%36.0%2.7%-0.3%116.7K102.8M-1.3M0.658.77N/AN/A34,89522,751232,189212,086
2017-08-25$21.16$21.0033.3%9.5%47.1%20.7%33.8%2.2%-0.5%-496.9K69.6M-1.4M0.8752.97N/AN/A15,49913,479244,792226,084
2017-08-28$21.15$21.0033.9%9.8%47.1%22.9%34.3%2.5%-0.5%-622.1K89.0M-1.3M1.645.80N/AN/A8,20013,451232,740224,872
2017-08-29$20.90$21.0034.0%10.0%46.9%23.3%35.8%2.1%-0.7%-1.5M112.5M-1.3M1.245.33N/AN/A8,74510,812234,254231,751
2017-08-30$20.78$21.0033.4%9.9%45.7%21.0%34.8%3.4%-0.3%-1.6M120.7M-1.3M1.158.21N/AN/A9,06310,428236,514236,348
2017-08-31$20.78$21.0032.0%9.4%44.9%14.2%36.3%3.0%0.4%-1.7M124.2M-1.3M0.855.75N/AN/A8,3327,111238,110237,735